-----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, RRoDiRYs74kpT6gKmUEKJQBV6pOJpJRhX8KKQYwbHSIDHn3Ls60cI8AiFZNX5tIP ZivSpsTgaCAnch/MG4eVfw== 0000950123-02-002905.txt : 20020415 0000950123-02-002905.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950123-02-002905 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20020201 ITEM INFORMATION: FILED AS OF DATE: 20020326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAIWAN FUND INC CENTRAL INDEX KEY: 0000804123 IRS NUMBER: 042942862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 811-04893 FILM NUMBER: 02585405 BUSINESS ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6176622789 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET STREET 2: PO BOX 9110 CITY: BOSTON STATE: MA ZIP: 02110 8-K 1 y58911e8-k.htm CURRENT REPORT ON FORM 8-K THE TAIWAN FUND, INC.
Table of Contents

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

February 1, 2002
Date of Report (Date of Earliest Event Reported)

The Taiwan Fund, Inc.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   811-04893   042942862
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification Number)
     
225 Franklin Street, Boston, Massachusetts   02110
(Address of Principal Executive Offices)   (Zip Code)

(212) 662-2789
(Registrant’s Telephone Number, Including Area Code)

 


Item 9. Regulation FD Disclosure.
SIGNATURES


Table of Contents

Item 9. Regulation FD Disclosure.

         Pursuant to Regulation FD Rules 100-103, The Taiwan Fund, Inc. (the “Fund”) furnishes the February 2002 Monthly Review on the Fund by the Fund’s investment adviser.

2


Table of Contents

SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

           
Dated: March 25, 2002          
 
           
 
           
 
    By:   /s/ Haichi Vicki Hau

 
        Name: Haichi Vicki Hau  
        Title:   Secretary  
 
           

3


Table of Contents

THE TAIWAN FUND, INC. REVIEW

HSBC Asset Management (Taiwan) Limited   February 2002    
24/F No. 99, Tunhwa S. Rd., Sec. 2       Tel: (8862) 2325-7888
Taipei, Taiwan, R.O.C       Fax: (8862) 2706-5371

Portfolio Review

         Taiwan GDP fell by 1.9% during the fourth quarter of 2001, as compared to 4.2% during the third quarter of 2001. This led to a decline in GDP of 1.9% for the year as a whole, which is lower than the original forecast for a decline of 2.7%. On an adjusted quarter to quarter basis, GDP rose by 1.7%. The better-than-expected fourth quarter of 2001, GDP report bodes well for the outlook for growth this year.,

         In February, the Taiwan stock market entered into the consolidation stage with a range between 5,500 to 6,000 for the TAIEX. Average total daily turnover, an indication of investor sentiment, dwindled to two-thirds of the level of volume traded in January. Capital flow continues its rotation among sectors. Pulp and paper was the best performing sector, up 4.8% for the month. The technology sector moved in line with the index, down 3.08%.

         The Fund’s investment strategy continues to focus on cyclical and outsourcing plays. The most encouraging guidance came from UMC this month. The company guided a 20% sequential quarter to quarter growth, indicating a broad-based recovery. Given prospects of an improving business environment, we have increased UMC weighting in the Fund’s active portfolio. For outsourcing plays, Accton (networking), Realtek (IC design), Quanta (notebook), Austek (motherboard) and Beng (communication) remains our top holdings.

Core & Active Portfolio Asset Allocation

                         
As of 02/28/02                        

                       
    % of Core   % of Active   % of
    Portfolio   Portfolio   TAIEX
Semiconductor
    24.43       17.58       22.54  
Electronics
    20.48       32.72       18.97  
Banking
    14.58       0       14.97  
PC & Peripherals
    13.31       19.37       15.83  
Telecommunication
    7.18       10.59       6.32  
Plastics
    6.32       0.01       4.15  
Retail
    3.86       0       0.83  
Textile
    3.79       0       2.98  
Auto
    1.68       0       0.66  
Steel
    1.60       0       1.96  
Rubber
    1.28       0       0.41  
*C. S. & Software
    0.81       0.76       0.67  
Chemical
    0.68       0       1.08  
Transportation
    0       0       1.67  
Electricals
    0       0       1.07  
Others
    0       0.19       5.89  
Total
    100.00       81.22       100.00  
Cash
            18.78          
 
Total Active Portfolio Net Asset: US$94.85M
Total Core Portfolio Net Asset: US$135.25M

Top 10 Holdings of Active Portfolio

         
As of 02/28/02        

       
    % of Active Portfolio
AU Optronics Corp.
    8.68  
Taiwan Semiconductor Mfg.
    5.99  
Benq Corp.
    4.86  
Accton Technology Corp.
    4.77  
Asustek Computer Inc.
    4.18  
Realtek Semiconductor Corp.
    4.11  
United Micro Electronics
    3.78  
Mediatek Incorporation
    3.72  
Phoenix Precision Technology
    3.05  
ProMos Technologies Inc.
    2.96  
 
   
 
Total
    46.10  

Total Fund Asset Allocation

                 
As of 02/28/02                

               
    % of   % of
    Total Fund   TAIEX
Electronics
    24.89       18.97  
Semiconductor
    21.41       22.54  
PC & Peripherals
    16.84       15.83  
Banking
    7.72       14.97  
Telecommunication
    7.62       6.32  
Plastics
    3.70       4.15  
Textile
    3.04       1.61  
Auto
    0.98       0.66  
Steel
    0.93       1.96  
Retail
    0.88       0.83  
*C. S. & Software
    0.80       0.67  
Rubber
    0.75       0.41  
Chemical
    0.40       1.08  
Transportation
    0       1.67  
Electricals
    0       1.07  
Others
    2.21       7.26  
Total
    92.17       100.00  
Cash
    7.83          
 
Total Net Asset: US$230.10M
(*)=Computer Service & Software

Top 10 Holdings of Total Fund Portfolio

         
As of 02/28/02        

       
    % of Total Portfolio
Taiwan Semiconductor Mfg.
    8.17  
United Micro Electronics
    7.32  
AU Optronics Corp.
    5.66  
Asustek Computer Inc.
    3.39  
Quanta Computer Inc.
    3.08  
Realtek Semiconductor Corp.
    2.69  
Mediatek Incorporation
    2.66  
Benq Corp.
    2.60  
Chinatrust Commercial Bank
    2.52  
ProMos Technologies Inc.
    2.42  
 
   
 
Total
    40.51  

1


Table of Contents

Premium/Discount of TWN

(PREMIUM DISCOUNT LINE GRAPH)

         
NAV: US$13.74   Price: US$12.34   Prem.: -10.19%
No. of Shares: 16.4M        

Performance Comparison

    Total Returns    
(Return in US$)   As of 02/28/02   Unit:%
                                                         
    Last   Last   Last   2001   2000   1999   1998
   
 
 
 
 
 
 
    1 Mth   3 Mth   6 Mth                                
   
 
 
                               
TWN
    -2.28       23.78       27.81       6.57       -45.08       47.29       -15.31  
ROC
    -2.80       23.06       20.39       -6.57       -39.94       35.86       -18.42  
Taipei
    0.12       26.39       18.19       -15.69       -50.94       13.87       -11.90  
Formosa
    -2.06       27.21       21.82       9.35       -51.04       19.57       -13.85  
Formosa Growth
    -1.91       25.70       24.69       4.46       -51.94       38.49       -5.47  
New Taipei
    1.01       32.26       29.65       2.33       -45.59       33.91       2.40  
Index
    -3.36       25.90       24.31       10.42       -46.53       34.16       -20.31  

Taiwan Fund (Since Launch 1986/12/31): 634.72%

Performance Chart

(CORE PORTFOLIO PERFORMANCE CHART)

(ACTIVE PORTFOLIO PERFORMANCE CHART)

Taiwan’s Macro Economics Review

(TAIWAN ECONOMICS LINE GRAPH)

Liquidity conditions remain ample with M1B continuing an upward trend since April 2001 as a result of the aggressive easing of monetary policy. Industrial production and export orders have bottomed out during the fourth quarter of 2001, with the electronic sector leading the way.


*   Disclaimer: This report is based on information believed by us to be reliable. No representation is made that it is accurate or complete. The figures mentioned above are unaudited. This report is not an offer to buy or sell or a solicitation of an offer to buy or sell the securities mentioned.
*   Effective. from 1st November 1999, the daily NAV of the Fund is available at Lipper and CDA Weisenberger, or you may call toll free (800)636-9242.
*   Please notify us immediately if you are having problems receiving this telecopy.

Deputy Fund Manager: Li-Jeng Chen

2 GRAPHIC 3 y58911graph1.gif GRAPHIC begin 644 y58911graph1.gif M1TE&.#EA&0(#`?<``````(````"``("`````@(``@`"`@,#`P,#/CX^KJZO'Q\?CX^/_[\*"@I("`@/\```#_ M`/__````__\`_P#______RP`````&0(#`0`(_@#_"1Q(L*#!@P@3*ES(L*'# MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)LJ3)DRA3JES)LJ7+ES!CRIQ)LZ;- MFSASZMS)LZ?/GT"#"AU*M*C1HTB3*EW*M*G3IU"C2IU*M:K5JUBS:MW*M:O7 MKV##BAU+MJS9LVC3JEW+MJW;MW#CRIU+MZ[=NWCSZMW+MZ_?OX`#"QY,N+#A MPX@3*U[,N+'CQS`!2)Y,6:%DDI0S`\`XN:#FRR)!;_PL>F!IR*AK;A8H>C7" MTR%+PYXXN[7KC[,KNK;M^;9*WZF#_]N]6^9IX+21RT:.DSC!W"NA"T\-NS)K MT)6S8^\\_#)W@]B?_F_?W/G[]>X'EU\G3WQ\]]7?N-??COS M^O_EC2?==(X=9Q]^")['FH+ZU09?;PG.AZ!Y":*WWW`,VJ>A@A9VV.!VIHD' M(8?A+6@A;QYN>")S!*)F((G]D8>>&!5S*8Y99X*L?BBW?N*&2>6'899(Q;#DKFF&T*QZ>09+() MIX^&$LDHI$@"]Z>?2F):)I?JC?BFHUK2F6APB^[8Z(^3UIFAJ+SU2.F5_JTU M>NE_9VXZ::R2'JKBF$V.6IAF-P;8J9FDU4N>RVF]RZ)C[XG+OTUFM9>O-B MJ.^F]O9++W/YZ5N8LS#YGY:S.1>9\7]=$0\WUP3)S M.K;72'+M-<:FYCQU5%EKQ;+`2(]-M]TBM\QO_J\DE^GVWQKWO7+@^8[\ME1Q M:UVWPGNK/'?3AA?>D-MWXSWXSI(#;+?-APN5.%:/8YXWY7/O&[I#@NO=>.&E MEQYYWITO]?E5D)N>^=>OKYX[[*])7KGN8/N^^]ZSQSXSYZ!?+?359R^.].D, MG0Z]W\X+/[KEQB-5?%5-:E[TY9L_7_U^J6?,_8N/_C7 M9RY\S]_;WKSZJ2M7M^CM.\K[IN(]]3E.;.([X/_&![C@A0ARI-L=V@(H.^1E MA``$V(EYE!8TV2BO2I0[FM,XAJ.E!:M$/#HAX[RU+0HR98`4P:`+9X@6&$Y$ MAC3,X5AL*!$1(E,C.)3A`@1*$KQ MBDJAXD.LB,4N%D6+#N&B%\<(%#`V1(QD3*,&G6@1-*KQC38Q(T/<",):DI,1S-?#?,9*3&K2D*_L M8OE:IT@2LG&.K;PE)'-I1VR)KF\``]-'1BF0/0Z3F'ZD9/AX%\B.,-.6N(2F M+A$XS9[]U)DL!:A+80K3F.9SIBJMJ4WE MB=-,KG2GT.RI1R<*U#X*%9M$+6H=CWI1I8ZSGDA%ZD>=:DJHTE2G5,VE&24: MU:9F5:LG)>4Z"9+3>'X5K!X19S/7F=0D3O6L%=OJ3[F:DK9>\*=P_8M\_NIC1:M!^_6R?"X+ZUH-R=K4 MMA&VB/UL:+U*6\3Y3D;Z>PAAS^A;WU;DL=G,:4J+.]KC5BZ4NHTJ,.?*6L4^ M$;;2[2AUC6M=#TG,6Y8E+C^Q"MKT?A>8L4TI<,=;1@-"L&0L3*]S,\6_M66*)-G:V*8Z,,D=8LG.Z&+@P M9BN`52OC\$IWP#<>02QD"'Z5_D.]<@51O&2R])D+9-5O9XE M\5AG7.4K6UFJ8_;R_I;%TF6BVC7($.YPF=$L7S1;6,UK!DN;Y_MF*1>8S$HV M\IE'ZLH\MV7/G&VM,/O:0R@3F^,XTH3<#,XE'1P4QWH1U;XN8Y^,G]?>F596]C49+D,JU\=Y4NW.M2[!?2F MHTSKPQ+;L+CF,JJ3[-%5WWC84A5SHV,]ZUE+NK?B3?8.E[W;9G_8SHIE-CR3 M^F=//]G$JZVSMO7,[5MSD<"_-FQ!._W:,9M[PG%>;[;7'<1VP_G;8!:NO,?M M9GKK6XRR=:.Z.88QUP$&-:88WO(F^UK3$_BG= M[8IW^^*WSKB:G;SPDG_\U.">M+6A*VJ.HYS<>&;Y=#G^=6G2G7- M'GV[6D^[G\7>]9P\/:/H+C6=SWUS`$]]MG\O:/QIWM%G_WW5D];<"; M/>^&WSO?EQWU,U-YXU(/;LI?R_1&FCGRBO?[L]N<[W[]^`.[G6^)VSZK+O\^"-)I0-1_G?UYS/X\-$7>?=!G]!=)Q[[ M-?-D`,Z832DA15E-9EM&$Q&>$X>=&0.A>]/*%7*:&EG>%L>=[[G>&PG83;"AA8T%XB.&%@3!'88_GJ8%&479%N'?W2XAW;(A)`X%(=H&(F(%(MX@(S(;#A1 MB%/WB"+G5G5E=9YE?WAQB4>1B9JVB6,8B),(:Z#H<;_UAM8$<6&V7SOW*YX( M$JI8A?.VBQG7B:_H7;((BY,78:[8B"17 M>PE%BT-78Y#&C'OAC$5A9=&X=J%8$]58?M?(BCBG:O\G>-\8:>0X&)>T$N0H M@-/8$^EX?^MHCNU8;K58CO$H:L4'=<-(.]GE$O>8@^=(B'@HB(!UD&CWBU=' M=Q"9CYPW<@LY=]'6BG=1CRJQD MU9*YEI`OT7HR1Y,E"9,2288]B75AUXX=.8L4!T5AR'GJ-I,DR68VJ9"Y6&TZ M>1*[-I0["8Q!-W!/N8D$.5OS%V)9N9#F=Y1Z`9(L\93'9I5R9F2C6)%32'CW M2%+S"([!&(=#^96"YEA;R1=DV1+@")"&N)7V9(:V6)8GUFQO.7:(%XGMI914 M%Y:AAY,?V90PT9=L28UO&95$B)8N1V%Q>9F8]H^05IUV)`_.'K, M1)N79W.]28#9IDZZJ7&G.46I>9,>QIJM:9NO_BF&T]>6VI6<8!EVS2=TN)EO MZF:E#>=L*B=ZL1EA M\!E8U[EVV]F-CFF:*AE@Y^F'K2=;_2E\?;&>PIF@UKF25_EHB-E:2/>9!OF- M\+>*G>=J9ME5_N>?%0J@^KB4Z!B<:*=OXQEOAP>B1GEYX#5J819SC8>=0*>B M>LFB+3J@6HB'GI=FQ'6BZ5FC!7FCT09[1>=WH<:?04>>N.2>F"%9ZK)`I_45 M+OJ(QK=OC3F:0$J+5QB=R:B1A2FE%@=JU#=MN49:=V-:4.BE6-J#8=IQY?B@ MU>:F=#FBF?:)_M5X_FW*F\=&C#MD6Z5%65WJ%5\*IO]XEQ8IC40VE;()J)(G MJ,CYAY7XHX?::&JQ2]>E3W=(I&LY<2HI@$FZC&")D5=*:7"VJIW:FSQXIW'T M2=LW.4+JD%6AI$E(IE4ZGI/*>]Q)>;TGJ[5FJ'Y:H=4S2]W3,5UAJVV8GPR* M8GI:

.C-O@%+&(1KMO(H+\*>J_F>.&IDW(GJ62* M<*::%->2/[E3@G4:.\0:AZ88D]Z:K8D7KR9*E9^HEQG&8KE%0?T:7WS*G.YZ MEP\K>X^7D;5:KTZQ8LW:8@'4L%I9>(A7:R:*L12*9(-9(#LF0K#C8SG4_EE9F&R[$V7MT.;6(M*OG,K%WU9P7UK9N&[4>^J@VI;>^PK>1F&>`.RH8>GJ% MFRB'FWF)BX!3T[B.BS*0&[D?,[F4:S&6>[D-D[F:6S"F"QF`1"DT4[JI&Z0(E'NH@[JONQC(M3^,8TFT6[N)<;L0HTJHQ[L>([L/ ME*L<*[P,(X3QPG_'B[RA2X/U\SO-$H/46[W6_GN]V)N]VKN]U9)%W[(LXZJO M+,2]Y%N^YGN^Z)N^,,@]"=1-S:M<;/0^VR._\8M$]*L;3G2_$J&_[[*_]8N_ M%.&ZL<%-YO.^LPO``9R__YO`_=O`_LO`$$RJ$?S`%.S`$ES!NU2QO#,+R[,TR[`BQ`-1P= M-KS#O^'#/QS$0NR\1%S$1GS$2)S$2KS$3-S$3OS$4!S%4CS%5%S%5EPV*93% MY*-<&LQCC(JO*DLV3S,Y7>S%'`;&8LQCYAH]91S&4I-^(-3&;YPM6FS&+QM_@@&/LQK&8FD?*-C,UMCR+A%R/?%.OLJQ_LCO=[4R.1: MR;E%R=L70HXC.)SLR&7C08I(\/^&LRF91.^2\SL,T":-_L\; M'40D1,=9@M%\3,>+C,5;_,]!*7=(L3=/8<\L[+4O=R]1HS#M2W<_&3$V,6D`HO='Q,]`<35E>/=7@ MK,TKO=0GG=8)/80CGBFM1T']=XK=5H M'-3`;-2*2LQ"'=(:GM6/;=;\?-F=S=?) M9=C=W,['O,%_/4$.Y-1'U$*B3-2SVRVO?=,BQ$$Q'=MZ;,9AS#&YG<:TG<9: MRMNXK=NVK:O/4MR]SS/;VNK<=K?,72+SW=U%W=UGW=V)W=VKW=W-W= @WOW=X!W>XCW>Y%W>YGW>Z)W>ZKW>[-W>[JU#`0$``#L_ ` end GRAPHIC 4 y58911graph2.gif GRAPHIC begin 644 y58911graph2.gif M1TE&.#EAF@$1`?<``````(````"``("`````@(``@`"`@,#`P,#/CX^KJZO'Q\?CX^/_[\*"@I("`@/\```#_ M`/__````__\`_P#______RP`````F@$1`0`(_@#_"1Q(L*#!@P@3*ES(L*'# MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)LJ3)DRA3JES)LJ7+ES!CRIQ)LZ;- MFSASZMS)LZ?/GT"#"AU*M*C1HTB3*EW*M*G3IU"C2IU*M:K5JUBS:MW*M:O7 MKV##BAU+MJS9LVC3JEW+MJW;MRT!R`7PCZ[&N7@QYC4X=Z#V]?U)A1^T5\FW)@Q'6!$Q8.?/=?WL5W+\9MW/?QTIN?%PQL^;?S MV6-=#X].6;/WZLJ#_G^__5W\^.CAMR_V.SXV:/7GXZ=FKMN\>>FIL7?5CMY^ M_.J"P0==>/?U5V!YX$V6GW\`IM=?<@3"=Z!\LNF7%7__-3?@>A-&N%J'`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`RRW\\-05[_;Q/?NN?-G, MOTOE\VDSG^GKU#]:7)JZ9[\Y]M[?7GOXJX]/ONOFGQ]\^NJO#7[[6[\/_]'R MSW]R_?83C'_^L;///]G[^Q^G`BA`2A&P@)(Z(`(AI<`%.JJ!#F04!".HJ`E2 M$%$6O*"A,JA!0G&P@X+Z8$8(0,(2FO"$*$RA"E?(PA:Z\(4PC*$,6RC"1-6P M(C/,H0YWR,,>JG`N_B@$X@F%2,(;;M!_,RDA6"#$1"(AD0!&]"`28Z)$IS1Q M1T`Z"0G]%L6'5'$E3D5V>"P14!AI,THRL'?9 MFAY/_.@U2VIO9T,+TD[JZ,BS>+)1F!P>@^O*7P`RF,(=)S&(:\YB&`:,LD8?,9CKSF=",IC2G2 M76!)(CM6#2$F--P?4;E,;092D!+QYNQ,F,R)E0V*@)S:&VG'39+XT8GC_@Q; M/0%X3BWNTW#_%%]`/7+*O0WT:W\YJ$8*ZC>%CW M%*F]BT:4(PP%:"G9YE&"8E1Q\.3G0$ZJ1I8>SJ7S<@Q,$Q)2Q\U45I&Y:4%J M:M./@BVG/I6(1G>G4T`2I*A#)6I0NU:9F_(4*UM/!=9-S!8IG#EI7 MU=UUE'G]B6@"VM?68?4B?XU+?OY9V$]9\[&0169-H'C8C%:6=C3U:6,=&]G. M>M:7-J&L#T=Y64F",Z)N96-9)^O#S4JTM*+<_BDZ4ZO:CCZ%MB])+-PN=4*1 M')8\A6DGXT"ES=_M))^RU2U&E,L2V.#V,3[YT*:*2S1W-@2V7G3M<@,;%.P5K'LA4J'6CE9ZM#K.PZBVJZLY^%JS!%9TB_1?D:1T*1R4C8$/O#`(,Q%F M&$LPT/9KE0I_Y,)*R?"`-Y(O$4N/9.YR<;(>;-JKF!BD**[)]FJS8H=@5<;; MNAK+1DSD(),7NY@:YXU'&&!E"HW$NQ6P//';QMFYB'NTC*1Q,>S=[YJUR2I) M<*Q4O%JN+)DB7M:+_KRNU^/KMODL2%ZH=@^2YM,,>3EO9HUMQR17,&_UN&2" M&IGW#)8S.Z3.F6F9*YN;Y[+$N2.&[MYQK0M>1I=Y/X2)-#@;31$XC9G3-8ZK M633]Y:@,>JUH(35=30WJV.+$.@JSKYWP&^96PUG%) M'FU/L2):L3&I;(M!O"I>2W@LACXVLF'"8S+>D=;SS+;(>";D9P_;V9.D;)BD M;6EJ7TJ=VL:VEM7MLJ)].,IN"2=R`SF54_MZC.4E+KS?0MO>4,7>/('8T#KL M;&+W\87]10K`)[WFD8V(NB$Q^$I@6)6%AY=-I=*3GM9M$HE'RN)?/1_(_C$( M;K.-_%`>O_2T44V^DQ]1Y"6GY6=G3O/?P#S9-<^YSE-.:!!6+^8^!Q3/@_Z5 MH1,=TT='F]&3KI6E,QTK3G_ZF*2N4JJ++>I6EPK6LPZ5K7/=BD#_.FG"+O8+ MZ1?*9:\@>R+L[;2'<.WD;;O;A0YW^^_WO@'^FCH&+X,`; M_O"(3SS@;T+C4+_Z[JZV251'.O20;9GQD+^\Y#.O^<$SI6EHQWS`.5]IT0,Z M+)0G_:(W?^O1X_WUL(^][&=/^]K;_O:X_URZ90)K'>^>]S;W/#K0&#J>=Z/*@37N=^X4,! M+N@\V&1_P"==19=_P\&$W1:!3>B$$!>#Z=%T"-A\KG)WR_9_"KB`#Y=\Z(*# M'A$P`]AK7&B$Y4>$%XB&3E9ZL02"%0B''RB!)"AL:VB'0%A`!EA_')B$\G>$ M?>B',IB#@9B!9.HB94(B8TX;)\(BITHBH_(984(B'^X@JV8?:\(BX/8<<%W(2=8@NIWBZ^6 M'2G8BRR8>K\HAM\6C#;X>#KHB[S8@Q>GC,MX>GG804(8?6HX@VP(1DB8A--H MC4IX)%7X?U&(A?X'C@`HA9DXA]]X?UGHA>5(A6&HCI"WA>+8A5!G@9QX0SRR M@'(WA]FHC]48@J-(BJD(D)M8CXSWCWACD,_888A_)CAT9<2-IB:&(B@,9AR7)7R>IDBEYXI`( M:9(S29,M"1@OJ8H5&8,+>8`1*8M=M(<^N9,)V3Y"*8A1=)351Y2$R)04.9$* MEY,R>9-C*)4>69.`8Y6^I966PI59B955"9:OX95?295C*9;=199A:98?UY-(F7E*68!.^91):9=%B4#1R(?[2#?76("#29C;6'V'B6'= M*([GR)&/"85/*)DA.961:8CRB)&9R9&;28)?J)D,>(:?67'T:(KV6)HLN9@P MF8\HR9J>R)9MB9:Q"9LL)INS*9<@*8Q_N9N\V9N^^9O`&9S".9S$Z4`!`0`` !.S\_ ` end GRAPHIC 5 y58911graph3.gif GRAPHIC begin 644 y58911graph3.gif M1TE&.#EAEP$1`?<``````(````"``("`````@(``@`"`@,#`P,#/CX^KJZO'Q\?CX^/_[\*"@I("`@/\```#_ M`/__````__\`_P#______RP`````EP$1`0`(_@#_"1Q(L*#!@P@3*ES(L*'# MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)LJ3)DRA3JES)LJ7+ES!CRIQ)LZ;- MFSASZMS)LZ?/GT"#"AU*M*C1HTB3*EW*M*G3IU"C2IU*M:K5JUBS:MW*M:O7 MKV##BAU+MJS9LVC3JEW+MJU;M@`F`H@K=ZY=NA;O(K0K<"[(NWH3^J48>"'? MMVT'-\2K6*+BQ@X9QX5,<#!EC70M*[S\D/-!SXC)'C:,]^+CTHLE,P3=D35F MU)MAARX[6;9>P'QO6QX]\'3OP[EKXRY=V._HPK^-[^8,N?AIY=`-+O_7&'#E MX-%G8\V,6GE?U=09_G\??_TW^>G-GUO]>VS]^X M=JWTD:=>?O6!UYQU_74'7H(,2C=9LO=A=1BF*&!Y\^%'8H$&(OCBB2J"**-K&S(UWX<"/L?C>[;5.""*#9H( M)&PC#DAAC!+BEZ&0ER69XU-(&G@?B43V!:2$_)FWWX5%.DG\J&HVW+"A7>@GH:*^%RAR+WI MZ*.01BKII)16:NFEF&:JZ::<=NKIIZ"&*NJH8+DIV$VF[D7JIGD>>J1T_OK! M*FN2IK9JYZN507A==[HJFNJJ:(FGY;#4]68LL<4FJ^R,F1U+YGO."JNLM-1& M:RVQS>8*;([58ON9MM(B*^ZRY)[J[;G0HFN;L]JFN^V&W4[[[;'AELNKNX9= M*Z^L^Y;;;[L`OQO:F.KRV^^][#*[6+OQZOLON@$G+/!;!!]L<,/DKAOQO`6/ M&VZ]#X_K[\1PN8LQPO4B'/"M"<>K4:13VXY87U?KGE=FW<.>>:>AQZAZ*175'GII9^.NNBJ MK^YYZZYO#GOLE\].^^2VW_YX[KHOSGOO-+,\MH7`#UX=O:D5;[C2,SJHO/$, M4]UH0014_WSJGMU_/_Z"ZU_][/<_`.Y-@-0KX.+*Q\`&-M!QG%&@^^KFP`I: M\((,A"!^%/B/":X*@R`,(0<7,D*]17"`!_$@I$3(P@N61(4!E$T).SA#L+3P MAAG$"0S]=ID:UI`I_C@,(@J5\D.Z]7"("2GB382(0QLB\8`R?&(*E2@2)MY0 M.SO,&V64F$64,'%35'S;%J68Q#!VQ(R=0B/Z8!/&+I)$C9QRHQ%1@T8YA@2. M<21CW2"C1CMZ!(]IU./<^"A($@(2(G[<5B+!1\="&O(DAPRD(QE)/XQ$DB&7 M#*0)2W/(15;$DP++Y*@:$TE02D24DL0;*2?9$%,^!)6>@N6G%"-*5[:2E563 M9:=HB4N'V%(ANM2DW7CYQTS^DE6_"J:F!J/+8R804[2BC/Y2IG28;@II5X1GT>]DM(0G=9Q*`:0TD%TGI!*,J?/V M-E,`1<^FO5&I"G,8J+_U=#L_E5]?9CI!G1+/;T?E4%+%-YRJ6O6J6,VJ5K?* MU:YZ]:M@#:M8QTK6LIKUK%9E24VUA]:VNO6M<(VK7.=*U[J:5:U355_S^M30 M7ND.;%&EREK%M[[5>'.@6G/3[X"U09(F1E!^Y=)+UME2HUK1J91:K`'1>=G` M2D6SFSVC9Z$"VM!RQ)DC&2WG3*L3U,K3**6]_EYL!>+:CZC6,>!D[9;,Z=AB M'F6VSP,N#7M[6N*Z1+BZS4AME6O_)=1(97K=SM+G)IB]/SHG>\IDMO0MW[R*2L-[CRG:]WZ:N2^\+7 MDOND;GS_^Y/RBI.__,$%KJ:`!YQ@NUKXPG(5BX0=G!+_D@W# M(`[Q6&WB8?:^5D<*QBUC4]P:#QN8AKM5)XOK.6.^X:3$Y2U@B3FRXQT[IC,1 MN5IJJD38&&L8E3JN<8>5G#R>\,]T2D7>SH+,Y*-@=\)YJ3)IG*S7+F\FRL-2 M+)5_4EF-+!?+65Z)_H_KF3%"%0I&'./3??B*M6+Y2+)FJ2V:*;QD8';VBU). MFI3%DRVMG6MKWM>"%AFC M?6)+'<,)UWA&584$!9_QU7EL^[LS7\$V;&*;D=;(IG*+1M?G557[(Z%^)1=>,1:]UW"?9/JIMO9VP@$N<(R3.)Q&/DF]_KTR M`^#^>#P*4J M+W?;:D&/R8+5O0K=[\FZ_&Y+[^O3M^[TKD<]7:B6TM59?KZL MX_R>NK;7V'=*L:1G_.BG7EJ@P5X3MSL<-'9/LZD=+O=?^]WH+>>G=T@+]+63 M1C)R3BO6PEV2O!>%\4(Q>Z@<7S3)^WNSEDI73V?\A1["VGD][`=F^-D+WO;&JSWN(ZK[W3M*]KY/=^^#SZWA$_\_ MP#\^TI6O2N,S'S')?_Y8HB_]L%"_^E^Y/O97_NK\[5OE.*S1OO'K_`!B``CB`^==S$,-V M.-=]5==S"GA^#+@4&!-RRN9D#7AP#TB!]B4\'C>!=X>!'>B!7)%W(EB!(SAP M%2A_*)B"*KB"+-B"+OB",!B#X--T_==Z_4>#2F>#-\AU6]%[._=Q('=$*==A44B$5(-730B%6_@NP]%6V.'5$>%#J.%3^A<8DAS M26B%:$*'@_A](B'THA(O(A?/FA8](6EUH:EW=Z$X@B?(.'8GBA5&BJS8BB1'@K`(@@EH@F=8BR0!?F38AC6H MBU+XAD[H@%4AA_&!AT6F9NM1=\>(C,,8C(&(B;DBC._GC-&X@]-(C85HB(UH MC!((B;[87PC(A]WHC=MX49DHCE^HC>=HCE>HCL5HB^/UAVI8B8!3AO.XAE(H MC_6(CU22B.B8CHC#C^S8CEA8C@.9C9I(D"('D`7ICPF)D*"FD`NYCO8%D0UI MD!$ID/_HD(U'D17)D!EHC_FHBHU'CU8'DB6ICWZ(DDUQ@BRYB9[XDB&8_HHR M68HT28&G*!(B&6DU>6HS:9.E$HL?R).R.(ONB'NXJ(2\6(_AN&1)69)+R91/ MB1160HR`5Y%W2(U7R8=9J95Y^%G0`HW7:(UVIHS5"#A?28ACB8V1Z(A1N9'C MJ(AKV8_`*)<6N(\6>9%AJ)%NZ9$/>9=X691&29(IF9.H:)*#Z7/P&(^$.10: M(XU\>8L/R3B1*9D2*96529EZJ9E^V9>=:9D8F9&?"5N9B9.E&1*-*9:A MZ9F3R9FM*6.&J7`JF7JS66&UR92WB9N+"9CODYB[F)LM%YN4N)M_(9B'>9.4 M)F@F5F5K*F=VXFR4F= MJ$F>N8:>Z6F>C&F;;'.4;CB7J\B?4.F?.MF6H#8A MP9B,TKB5D(B@C$@A9*F@"^J@<'B6@IB6CDFA8CET%8JA&J:JSFB>;FB+,JA^#FC-%JC-GJC.)JC.KJC/-JC#Q$0 #```[ ` end GRAPHIC 6 y58911graph4.gif GRAPHIC begin 644 y58911graph4.gif M1TE&.#EA/0(\`?<``````(````"``("`````@(``@`"`@,#`P,#/CX^KJZO'Q\?CX^/_[\*"@I("`@/\```#_ M`/__````__\`_P#______RP`````/0(\`0`(_@#_"1Q(L*#!@P@3*ES(L*'# MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)LJ3)DRA3JES)LJ7+ES!CRIQ)LZ;- MFSASZMS)LZ?/GT"#"AU*M*C1HTB3*EW*M*G3IU"C2IU*M:K5JUBS:MW*M:O7 MKV##BAU+MJS9LVC3JEW+MJW;MW#CRIU+MZ[=NWCSZMW+MZ_?OX`#"QY,N+#A MPXB/`EC,>+%!QQ8ASY2,D')!Q@,M)][,F2,`@9`_7Q9=4?-+TP11@R:M^G+G MKZQ;OU8I^V)MH;.RK\3?7/S[X M;_?_<2=@?P.*-UU^W*5V7H'B\8>?@\F%1U]]OD4W'W/P&1<2AA-&1R%*EBD' MH8((#N??;]OUEF"!(B;HX$$L2F@>C/>Y6-Z'NE4(X'OQQ;D!YEMR.7KA'I M69;YO;BBC`!^9V9Q;T+(9G(/FE@ED@?N:>=_0*))F*`3AMGAH63R-EVBE:E9 MI'9>^IE>BEM:&"&*UU&:Z7DSGCBI=^E-6AUYH#9X)6>$5LHACV(62MR9_@T1 MZNBLM#:JD(=FCMFJK!BA%VNMP`9[ZT*X8MI=J3CQ*NRR'RHKE;/,1OL:M%!1 M*^VUAUGKE+;8=AL8MTR!Z^VX>XFKE+GDIEL7NDBQJ^Z[;[EKE+SPUIL6O43A M:^^^8^F+&[\`\^5O4`,';#!6!?^4\,$,/PO6P@U'W!3$/%$L\<6*/8SQQFA9 MK)/''(?<$\C)BFRRQK"=K#)7)-_4\LHPN_1R33/';#.(*-^L\[8Y[^QS4C5/ M]O/0[?9,]-%`!2V3TD@W'1'3,$'M]-3$&DWUU4*GC#5"^>2S=4I2R_SU05U[ M/79)8;>4=KIEGXTVT)?^ZO9`;<\MTMH3]:AA_M5V_U-WWQ_A'=FA#`GN[=^` M\Q8NX7S;C7CB19Z;JZM++C?WXY!G9#A%J_*Z.;:89V[;XHS""'CHHI=6M*X[ M#MLWZJGGW?BQ_M6N'N=Q%^[;V+#'_O2M*NZ*Z-XV^;H1/LA'W+OO#Z&YJFMZ MLTYYUJ=FA,\_US-4X+ MWL[0^0VKKW[[G,^NH?R,*]ZGCH>]_'EM?_R32*IR-#SI;:Y^]E,(_CKC*9#H M+Q^?4]D"=P.>7I M.9;B#X=0F"05.B2#_F_;DD9HF)C@L6J'E,.0#;/C-10^SXB`^X&B[K3618Q8L5D*;!)!+BC&YEFMAQ4Y([F,M[XZME%N M7OE2"`LBQSG"D8UW'&,>*[-'@O1QCI:S(P(QMDCZO1%9<2S@%<*,_YFHI.-&N#)*2Y-GK1'1)(3`9-:*GP MI!\M=C0F*,VG4`O"TLZXE)D8A:8[M]),9+*OG(ML)#YK%52!)G6F2SWI2^T2 MU8EVE:@'W"J.J@K3KCP3JT1<25'3\M6'7E*J826E2L5J2G\:*Y)I5%9NLU:<_N1)IGJ2IO:2ERM]JVX#ZRC4 M]O-<`4R(H#)Z/\[*UB2T-0YCX7NGZEKF"X9%'UTF8IDSMK(MDI0>X:U[/N]][N\/?!^:\/*AKS2L805,%(,'#7R%CBU M[P7:WCP'/&4U6"#=/2Y)^(FS":<*4L3U+8`S/->D@%<^Y/'49SGL3!&/&(\+ MWJY!4JS6Z+98O!GU5(R]^M2(CI/'-;GQAE@YG!V#^,A%221_QT=?$=HWMD6. M\-M^ZD!-S%GLJ%@E9`Z>V/Q^KRX`>*IHG_1,W!XX]E$ET M-PT;Y$9_69*1#@FGFQ?.2G.2BE1LK]DVW>2>Z-/390(U::A;Z!\M^M)#3IZC MB9R25<=JOFFJKJ67C1I9KYFT&,8)ZG"])EV+AM=7WK-92RQ!5-\9S!H1=:]% MQ1Z9,5N^]YQN-K4U@BL(:->=RLNBB^\ZY95.Q`"4`=-X#8DGC&2 M26.7&)3$([.U;X4Y6<,.HKO5)#E1:^]/Z_':(*YXY(1K1-;.#[L2_P>4J]+F_4 M8,:]9/>><(G>0(\[,NE)7SK*G^[TIH=[Y34_MMFSCC:$PE&X&DY[WOM>/3V/ MG>O(Q2#&*X=VQ+\9V?$$H`?GC'22RUW@=)_[R3.RO*G_L,S[GC*G@`WX%!K< MJ>9&MN'S*7BGIE"B2VJ\HM?^8\DGW*H"B?OE(1UP!_?>]5*O==Z(RW<E:*VL\DM8?O(>KAZ[S3:A\Z2LHO]/_'0MM_N_`PHI\BAY"WN\?[6CJ`UVT M/]P]^&NFJ;^K>_F#O[NK[QK].F:?XVXU?=G$CQT#WS_]VR<\DS=[WX=I_)=Y MF+=Y*G=^$59]2K=[!VAW"8B`"WAK#4@L.#1&H:"D;$8=!<< M*%5_A(=HRG=!)&B!70>$9=(S+$_MF7?9&"AAPH9F-X-^W';D=U/65C+1^H8'6(='<8;`%' MA>/W$&TC8)XG60B7@BT30Y!77H?(8A@(B>0F;-=#A&KH@6R81C2[HB>CCB5?(A]'E4K,8?Z78A0VB7"Z4BJJH2V*G:KWX;XO(B/#7 M@3Z(9,9"<_97@;Q(ATS5;U'8C(8DC%-(?E"G;M=T0.8>^5X++#8B=U5A5'W-V^H MC82E)Y6DD.8H>F9FB,*Q;AWA=8'(1YGWCX`6D&6'D4SH78"4@Q;);X8%_HS: M]9";1XPR.(<4Z8W.YG(YAHFOQ9%RF&P.L3_XJ(_)IX_$!8L?^7J.^(Z0&"(E M:#:PV)(1E)#,F(G^UI#^09-TUY5[.)2SMDO+]&%8YW=7"8*/1Y"7\W MQW=*Z1T]V($H:1LR%)4H1G?+Y))`MU^_6(`S^71@YI6?:&%A.7;;2$Y:IAU` M]G,2"%X(U)9&&70"*63^&)6R"'MU61JOMC]*^3>#&']@\Y=:*1EPY=].1V0R3YM.5N]6'QQ*8V9&8I.:7&JF)=-AS@N:97R MN)#?5YJD<9KH2&3EIVY!]XCKPQA9.7+@]'FA_@E[/P>2H'A):IEX`LDKO8F9 M:2B),0F8=^6<@WE?T7F4J_F2*;48<*=[C6F#H0D[ M9W>;EQ%OZ9:2&H6`YND8P+1U^3>>^]F/E/B>]HA[\\F<2IF']SF8Z_B'TRE6 M%NB?_PF@=T@MT#AQ@/B-!*>>\:F%=ID;<=E_]RB"^8`\[:9;M;AE[5F<-UIR ME!ERVY9[]'D=7?FEM^9F@PPETC=$U)?J?,L67^\:*XD&=$]J?NJDYH3>C M>/FD!:F+ZLES*DEC6DRWF'1]JA$3FCACFG:08>41JE0I*1#J@L M5@HJ6-JD:>H1[I:#_EX:F6TY?L)77D/TEFXM:IPYZF`L(I():AENVH5=DHE`:I6EU(G?:@F27HMF%&T%"8@4HK*]*H7"J MCA*)K-*IK)J1=(WDK-9H+='*>MM3H$1::.5$FQ,!5U<6@:S*H(%"QF@2H8OJYT+2J'9BAD.RT^%=B`WFT\3"XS)4T$7B[&VJ'VK M!7*[\['Y=X;R:JDVR;.:JJDH:Q`$X(T,R;)>J+.(F7=R.*XC!V7ZA!DFFJHY MJW<[^YG3""H_:V1!ZY^5-UW_::LEFHZ>`JDR6:UMR+09DV#/2K=%&K`BBZ0> M^IV*F[4%L;6LZ+52\K>'MZO51[;Z2DTO99V0B[-A"[:6Z9ZAX[,E"[0G&)NZ M>A`E>CVZ>K3F2A#E*)+VL['PX[0:`K6')[7V2;5*^J&[FEZX:1EE:ZH66Z0: M6&4/FKF(Z#7,ZG@(9+LB!P"G&Y(Z2G4FAJE<_HLI#LMNVR4UNL]+JDD:J?C/NIZ,I+T1N$5>9OUWM]1J9T M'+8_$PN]F[L1"`MBQ*5T"ULV6_NN1EJRW*FTKMN]@G:K73ERY0F;#1F%/4>E MZ1M@DNFZO9N@W4O`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`*"A0&]DDU\#C7J!_F51@VS&FTVN9/O8,S+:F:J= MISU)\$JQ!VA%`TQ>4>QS*Q13+8C5)8W,"&TY3[<<@]W;,MRWH!G-O=>O?=CC;K?@@G?D";?#:W4]6VB=:.Y_`UML>$R)W* MOJW19;S?#>SA-;[>I'VU9`7CA.RL/&[/VBT=.[SA51W-6FN=Z9C@1)OAQ:JZ MV5..2/OAY`RX4C3B`BRF4GJ`=[S0*L[;I=WB+]O431Y@M=;/[&_F+YSM@9A28MY61KPL(XW[FJ MY0(J.RGCY8QJTD"\A+B;VV;NTL-+III+O(#:5S&^?K0:YUW4SNO-6RS[YT%^ MAQ2]YVLXN:\%M7H>=T+,X]%YZX4NZY7UR(I^SG8XPLXZWJ@VW]KDUY493V<) MU/0IP)!VY%0HVIR>O4ZNB2'XQ`>KA@)YP4,Y,U:MFC^J=0KS8IM MLK\Q)M-Y^2JX0M[KZ2KYA@O4^!^X%ZBJZO>M1?=;Y=$_L'> MW;V^'EV68ZB.L<&I*^\W2N\E7;+Y_I_0F^]7Z^.?^M\HMCWB1^+%#O#(#DG* M'L.WU^P)QGVM-6?*3G(F/=K%_KPYUK#6/G@1S7H,[NV/A7XM+22TFGL5-K'= M?,LOK'M=_Q@HK_4LZB7M?MCQ;,]C?:-#O^&J>]M-G/+Q+,,\'TJJ>]&UJL6/ M+J\-UKKH%:[`$>*SN]-NYQ-T;>*LW-YQ9_,1[[-5OZM7+WW5O>T1)LJ7#SS0 M+O6!J,XVC>M9+9-J#]S.BM_)>HB<\II)BZ=3N7]S7^B5YY\;?NCHWK4\7S=# M/,B?CR9"AN1[LS@=/8_:-0_@_#*TWY$!Q_(CR7KWZO-7B= MUP\:GW_@=R7ZHQ^\@WZ=HBZ@>_^NG4^_AWBEAWBZF=[*LK_B4TBQ66G[.&^M MWOR\-[Y_?DS1C@X0^/X)Q%=P($&#`O\M!-`0P,)_!"#FHU@1XD6,&3$Z9*A1 MHT.0'QM"?-BQY+^')T]Z9-G2Y%7I08T$"`B42:)@7WU6J^3#N7,C7\+^*!A$+UGH5(<*!!R'+C7PQ M;>&%%KV&M>R3/_BI!HR1MDN1GU*E9`@#+$RS.?)-I_I7).BC*D75;;L:* MN3/KI:H7\U[\MK59P;Z#1RV[M/'%?%>),S_^.:1'PLC9*E4+8'-UZ((I&TP\ M>>A%O'H'UO[IERGQLGQ92[2H>#'MZH_MZA=*,.G*HS1+;CJ7?!H+I@-/`TTT M!A44[D'4O+-*JKEBVP^_B/#[*3*0=/.(P*@*N\HA\%([2R/>2FR**Q8'RXZZ MYA8+,#FRW$KM,A=?;&H[D;Z3+K&<)+.KO`OO^NO(]>33Z[P0EX+O*OEF@LJ^ M(.'*"STA$\J2O_^:?$HPIY@RD#LQ5U.P0=-&@W!-!(N+[J8*S7O-)BWQ_G'( M0Q1I_$K$HTA4D;,POS3N/3VAS%%'/O/,3$_C_D001Q@)96LW&@$;CJXMAZO+ M/O2.O%+#)6L$ZTFN^I)R(2HMO`_+\?QK-P^')#11B&$E#I)$Q14 MIK.@JB]3(CUL-:\K;=KPRN"*3=&Y9UM+5:$@(>+/U4VU_.TD:MUD-B-;>S7S M5X03+G!1BHX2*LB$BI6ISCLAT_:E"=VM%T(0"0QXV4JY`@O;S\SE]JTUK^L- M05JUE;)JA=FB2VLDG#_D:R*3G[\#'YO'UO-L^__X16 MM.75;+5.8:JK5O!$5(<5BD[\*$Z6H(^+,TKDGIZU>M%LD;/6+1M1,_GLWV)B M>6"RX?*HSGZ++/IF8S7.D#"?XRO,-CZG',KH;2?+-.GQ"/8IX')/#LVS&^&V MG,V2L+X08IUFT\L]@BIN.SR,Z^YIN:H]#GNBD/DDV42HJY;:RUSI=CW&F)76 MNV94^9Z3O?DH#)R]C$,T7-^B/18;?]UX)EC=I@[!S%N^:\>P>;P@Q!*M:Y8@&G M?<=#5?)BL[Q-+0YO_L\##LBDYSAQA26"UJ,@L!B6.]B8AW-)>HWHH$4W2['M MU@Y2K0N+Y'(4ZQ).+D8\Z.QOAR0;HP[V\R%$E MBXX*5U@2SZP.-THT#K/N-T-U*4TB,@O)^%J?`(A(,44BL M%1O+U$1$6M!(4<04;*C(P>_=J2:6(9T6FXZVKB8 MJD6-=`.G:B9XT\JIZ6"=XBE9#_A3G?@G?.GQ_@R(7M>7A\+-KZTQ("BM-T:H MZHPD?)FJ15ER5ORA,ZM*VVK%NCI1X#$L-LJ;+.(.Z,==,F^!1IP@6X4Y3+AB MSI@'0V-!?F(GV((/<7:JR&M_\MI/=0@NT4$61Z`"G))@*R5X9"P:3V/[ MW[VM:T,'6_C:UKVPW5!\8VM?VW;(N44%9=DTBSC9RG<@Y1&P?&-KX/;*UD[; MQ4V?CBLVZE['N=X=[W=3:U.Y6K"U^'UO3KQ#8/CF-GR),9!7R0N6_4*ON*-9 M;X2M"][FIBFJ4FD8_G=?O-P*Y_C&UA6->"G,8@:G!'@G/AW`)'9=DM@WP/-% ML'OK*]\G.]FU^C4)?U\YJ5S&I;WW!?&!F0R4+T=YP>.U#7>Z^]L;IV7"/`;R M6R^\Q`QWIV!S7@M:V+*=Q]EJM]$IL3LUIK&"!8W.@R;TA^?=09_6:]*,M?6E&;V?/LJPMGFWE:4P[.M(^`?6C1SWG-ZLVSCJM:ET9 M:4"\?6J-Y)HEJ?L[LE,J--=4DR9]:!R=5-MEIU2;KJ2W@OI6"F[ M'TG^AH\^]`I=XM+9K%J5EQ;[RK=V6R`E(G:UP8[0N#^RTWM.$4R?S>NQ_H)7 M$?FL\:2`"YO_JFE-,S9LMR^C*2+3*FR%A7%XZ]LUNJT:V69C>ZRA&&M3O>KUQUK5_TZWG5&"J[!3=ZD MYAN4C(EGL/_];U\]YW\CXXRR$:[+9VL5VKKZFMAJ#NN)HS7;9CUX(+N-(W'R MDZH?!_GU3OO=J_+K1)QM=Q6'%N_A\!RQ?BIXPCK6W\(\L(G*@B*QM1)<&Y4] MAJ!=-M`K'G2]DLFRU1:0Q,6C\-#ZW-4X9]%E')O11LG=PE4_VTFRWDL!+7". M/>3S0MG&3;*+&]]$.7:-+\QVC#NU,4;."FK._CG$NDN6XDL'"J]>:_2M;ROI M=6+]'T7K]&Q!?>,0G*#F%\]XA8TILD6L#\2(FOE-,_;6R(:@>=VJ=THU!=!K ME%UJE+7.WKJ9,_.A'(M\WQ'&*1".[D[6;19.?C1:UFAC$EMB@HYWX3<=GWO2 M_;==V'P'CQSX.(4FJK`_^&D3#XAY/7?AMZ_3.,[$(_CJ*`0O-0+JH.(LMK+OC4:#^]@B$Z[*^-;O;%: M)R&IKXLC/,RHO^EH*Q8+K[G:OX29L`4+*,C;G@$TB#`J,WT[0/`8$53#L`>K M%I`9#@E$B@T$-W-[_HGK`Q]*4C4#.13-"T))@JSQ`XH2?*\3S#ZNHJW,,#2? M>D&EBT'=H<';F[^FZ;Z](`X='(WI&H\B5(_U0XL/>Z7# M8S4Y4[7.B+ZGP3*KX,/GH\26N+[;VD(,&ZY>^4#TD,$ID\,1I#WL,\'SPZ&0 M4,$!>0@[>S6A>T50-`A1%$0,I+IB`YB(X(T\U,,&S!4_Q"DU&[Y!3`CC&Y,[ MNZNWTRY?[`[X841%B<2.L(HJE*`JS)]8F<:7V\7O"T+;&T5TNA/S"SPTS!)$ M7`N4&*CM`3RAB#^F@RDF^;A;]+[-V$4%&1$._,7@PR!:K"LW1`K/*H\D_BR; M*LPIB'I&E%E`N+%&NK*.=5OM%BQ.M,7R_ MBI,ATM@7K%$F][N[G^3(.:S%WH`>W_`*>D29DC1)S!F),$Q)_C@78PPBMF@- M@F2AJ>R^+(I"!I+)R0%+EU!(A7K*".E"-@G%#CFXGD3#W#A#I-D28\R:HE3' MRO()R,*].C25X'#*T[)`_9-*ZL$-_]N=(FJ)N84%"$C,ID$U*[^-)$!=5M MM1D$(E'9=%35U6WG3"+97(081-,6Q-I0'%V)14+&O7 M='5778K7CL28^1A6]'I53]K`0/W1[HK5/"V.@#W5#^.6@IW6[2,4HS.*!LI' MAAU2;\74F@U7U5CX77,AU5G,/6>%P?U,A73T4\ MUX-.'_Q2;A55@%T5MVR9;[D5FE488)JJU&)949U5K/K7I/VY<_55=447L6+: MCBW7OAQ&4YH*>_-$DOQ9"-6Q\TI94?*,AO7:`>O"L(52O6M"A&%+2MDG.A4. MN60*M360_%S+MF*21Z4[\.'+W8S+S[TBI/U5_L3`7+V\VX1`77G%R;],2[\= M#,CMP3YTD/7R,2I-K:)36RZAF,U*T^R#&M=3TF+5UL!@JQ6:UQ!MV/!TTW*[ M1)*36,C`OJ>MNZ!Z5[Q]J0W11[EMVFY]6ZCU2'$A-9,=G/*-H.&R7=/,S*K; MW:[M75?Q#@#;RP\K2SGCB+(]UN.E*<+5JOM MWNQMQ]<**.]]102NWG\5W[+D+\Z0V@K40:407-RUQ`MS7\4<1J&-6>!]RPNN M*<*4T&A!WNK[W]`L.0&&87TMX-":6%D$7^O5*^S=R;KH6;N5X/9L8#U-5/15 MBO"13+V\`UV? MW6!(<5=<+2+A"UV+;3TR-MVD6>-LBPP-C,Z+6.$Z>*$'&!S#5_G31@TKF0B%K\V3ET?EF(&%F+X/-S_ MC2DF\;S&RI1E#-PV`^0G;KQ!9M8A2;H4#%;(S6(M3ITDKII)CN0B+N)'%MI" MME6X9<\@UK:D)*((WLA/EN(0Q1(36L`9H>$)(CJ54.15AN)4Y.1"CF(MQ-3N M6^%:3J(==>0._)7*!>!^1;^J_.9LO!5+/N#1#4-,+EIT=J;255?6[6%D_F;= M.T9-MGQ'PRJ=#@S60-[7R1FS]X5:+;2S>*5AF/1B@#H<@6:UVXU<)YIHFZ*O MY85;'J;16%1GUOJ]=OYE%07B8.Y*0OBC1SIO'7=TQ@SFSD4C2(- MM("OPB1H:@3#$7;E!;OI[Z2AG/9F6NTG[H3`BL[=)8JO8_+&C18PCGU>[@SI M<551&F5C>08S]TQI!W[-YCWFH[1J]?1:"]YJ)EE$%['I]!3H:O[%\MMF;(97 MV%16AA8+JLQ)C]["HQ9+#MQK4&7JJG)JU:31H14IJ98KJO9B"D+J2_9M:U802NFW5^DMHG(;L3(E59NV(FX@I>7NB.;D.YG9>!9*4FMP'9[M$><#/BVI[V M[G-M;O4NI?$F;U0R;YX$94G6;=/S[5].9EU67636X?0&:ZYN76,6T?QN9H'C M;_H`WISV0T8)[0$7\+%<:$D>1%M1[6^>G4X!O426;8XS6'`6[P@71*E9&@J_ MWV]A[_AETWAN["#__O`LF?')QDTDEV^0>;>6C;)J*%OJ>#-2=A]ES]&.N25MVOCF_F??+Z MQO,)%]',?HHKGXIB9&O#7/$N9_&/6-T#1UQ2+/.\KMVE,SV%:.O_3K8VY]P? MS]/7G.\A=\8T'O4A`O0=#KH]WV172W7ZIDA3[W!!9QK]/K;F./04]T%%;W%& M)QA'E_#3CG3P#O75:G"''.@[]15^V=Z8>?/^B/-6FG-2]VT9>O7W5L$5A6,M M8?5AOL_=]-=%I5B7$9F&8IV-UG(5YW)=[W)>1Q;T=N?6HW'U[L5E3_-._M'Q M8$*8O!/E3O=:XJ[/M7QP7Q[S+JW8K':E?I_;.73?3MYPX.[VW#:2*C?(;"*= M=T?T1(<.T6[Q1M=H0A9X?\6X>"]/'(]8'Y3@]VSWAY?U-3'R0J;@:N]D8O9U M?+[V!/9V_1BG$7]`@J-X_S;V8.LWC5_W<_;I!,>3D(^AD>].?$SN\WYT^,4V M9+=PCW?O3(9O52?KA:=Y"K;Y_.Y([H;T MHE?[MU_V$PR+I/^\5F?VN:][+`Q6EJ_>)!=N_JN/>4[V\/IF;E#'H)S?S+\- M^Y['=#\T<)EW=^EU?,IE>,FG=V**>\L/]&8#'X0O7^ZKO8=#W>]&'[,!? M/9Q7>9V/OL-G_:U=_+FO\Q&L<$^NC'!=^[6K_)).[Y0?<P1/>TF7?-7=_T'"'S_!.(C M6'#@0(,'"2+\YY"APX@'(TID:-$BPH4),RZ\:'!C1Y`9$VI4^%&AR((G2YH< MJ1+CRY0A47:\2!+C0Y@;*>;+1_$GSWPP!0*E"*`HTJ1*ES)MZI0I@)DK;:KD M:'4HR)5/*0Z=V;!I_LBM8LPQJUJY.=M.#,JT)U:E1\E2KFRY:52\?Q'/W9OU<^.M9U,^ M#7OY-%B.>PV#ILEYJDZ);Q<#]6R[+FN:FF^O]IK[K^N:HP?WO?L:,4[2'W_V M?"R4[M+)J*=3WYJY]6;`A75*_3QV>/+0M9=7+R^[)?'=:P4C;WM^?%SN\CO[ M[FZ?,/[B^H.C5PU>M7':M0>1NM5V"$!HJ67WA$ M(=5=@^*119Q_V`DX8G^XO16:;YW1!^!^(LK7VW8Q'B=<@D=-!B%=B*_*HV7<8CD3;AEIUJ&%E(**G7I*P,39?A3Q")^.- MN]5X)8N'D2=J1[:6I4Q;NOBADP1ZR)64 M#`XJ5II\81E88EQ^*::)VY4Y:9=CJDDI<&WR9:.-;.+('HV)>O>/G$C1:=." M>*I*F9YI,:KDH]@UF=Z3%L)GFGF'7JBCHB[R&>J7L=X7:9^?9EIIHK\IZZJ6 MR=8')G]N\MI:J46=:E6JJVK[5*M3O2KIDK(B&NB;5-Y*7J[F`LIK;DA^.V"P M:HD8+ZS+JD@6->2V#0O9I82X<"Z>7-QX+*:=D`@RRP!W_>^S)_8I*L,$'!S5? MM@[K#%2W,T9;6&#B)E75>RIG>NZH%6&,J,(<;ZKRQSZ[C.^?)=?[;-4O_K>R MU$^[;&^`/^?K-<4.E5HPSG;NO+91$/]*+,1,$;@EUH.ZG5R539>6LL=[O@LL MW".+7"S,[<[K++241CQ>+@[^[8K+S'?9^/A8 M,-4Y%^_P\:U+[&>%S,^]]7%<[O+W[#0%S[S"1!Q M86-@R`;6/_4=S$=PT*KC?3P9[CKF4XT_7-*[BP6-<[Y;F*' MBQWA%@@[ZQWP<1'\WP,_-;Z9[69]![N@VC((/[?]S8!E`^']=*>_TDF/:4E# M8>3Z%C`6DHR`H!E MS]0XQ$6UT8@?C&,2G3?"/9:P-"R#HAZSQL<6TN^/5>PB':/X,AGND)`UG"(- M2TDMGSS23QB4Y)TV&,#NO?&)F&Q>XW2XQ'S944!R&QLRKU?$[+DP@=R+H19- MF0_`GF(OD@`$B'G.4D)RX?1LFN^?&2;LGD-3L4YIE$PY'_2/ MB$8TG3QC(SL]N#PD`M-H\HP>JDQXG&.F,)CZE!\_>YFB?THLH"\T*$%A:4V/ M(G2,"HT00]L7Q,M5=*(^=FK1!V&4<^W<_N@O61K-8:[F.Y^\YS3SZ;=L MDC)Y^I*N2G4I"?'CR;#&IZ1]E2D'`:M5JW5OJ5?%IV)3JTH9*O*+ M5=4,^QZ+K9V"$Z@2]2U%?UND"@9O?=&!JZ8XB[JDXLNUG!1M/?=))=B:U*]4 M3.EJL=C2'`J4JP%-*"(=AUJ^!G8C:!/L+8$J6=\"EZW"=5`%(T)+^9I-,LCE MG7+U5K3F@O:Y@QDM_A5M&MX(C5*U2]0N??I[1X\H0L6!PL8MNN\[F#+:V"`E`XXP MC!DL7@=/.&X5!N*%=SI9]9XSG.7IL(?I6]_+W3>+LD2J9_E;X]#^-[KR:_%7 M7XQ8UA[8@('\Z&?G*#[PNGC'$F:LCRMZZE2<(6S*IE#Q.R9*3P"/.+_7V MRQL%@S1$`$:>5PCFUWQ0Q!VPJ::SDF8YHK9V&TMOG-S('SAT-L MYVSB65>%AC"8?34:^)!NEXS>VDEE^^G"UG6[8;(Q/LU)$'3B(ZAU#NJ6_EWY MY?$^6*O"F[0X*WUI-V-:SA?5L2'G)C/6!JUTC#&:RPW.M6MM.1K^=G@ M+NNZUAFA]5H+@NO%ZMC1N;[I:K]I%&%;&LYQ+C:3D8U?9;N3RW9-]ZFA1S1] M_Y7:J+;NN5M=-013D]L&/8I`,A,56ZOD2&3.LID?C>YAVI+-["9N;G/[[G@/ M.J/;K'>SI^Q?/T<[CP$.]+^GO:SI8R<1`^45F'V]M1(7>WMRUQ9E(< MR)1FM[$19%]Y.]FJRUXU*YD*GI:4NL"S52:A[2VX0^M\ZMV6N<)M?NNWXARF M$0\X(_'M\V`#/>BF.B[1YV=TD`<.Q7V.9=-'_DS>?UF;S"Q'>H)%ON"R=!3]7J;O]V8DU"8M1+E65?_'N4L_[J[/=:!R#'>+F M]GO8>Z[NPAL^3TU6^U@7'_+,C]SK.G3ZXSN^U3P4 M?<6#7'K3ISUY^#9KVU].X*=_5^Z]#G5J6VQY@N_:T'S_O.^OW_MK\_RNP?_Y M\$^#>$XK/FDS3CJ5M5_0W5<;X*"?/M7[OL4R8Y_[]-]^X#\^^#R3/OR5&;_' M/5GZM-R]`1]UT53DY9L*N5_V89L_8=7MS1_O`9Z_*=KK5>#:[9^G69;_708` M&E7YXYZG@RK$@WA603WA#/:3P?'?ANT@#Q8? M+QV?;H49ZZ58[JU?`PX8$E:>$EX>$UJ=Z^$?!M*@%-K@;?7<6>D@%H[%!\;5 M&4Y7"PHADC`?=\%>N96A#<*?P*4A[JE?#1J4&_YA&U)A$T9''5K&'2:;_DW0 M'BI?'Q*A&-K?$3*@_1$BB55?%=X?!4+A(H9)_@G@*.+1%4:B6$SBO%6B^5VB MWKW=WU$>'+8?+MY4ZF'5U6#B5EE@$2HB`C*B*3JB&EHA![JB=?3@%OY@_A?" MW`NFWQIN8BHNX"YV7R^>'^9-XP.28B+.%*B%XP'*6.VE%S.BG>SAH2R*("U^ MH2V"8P+F8LK-(R\BHR^V%C#Z(:)=XRF.62.:(PQ"8CJ^HC/&D$"BR#MZ(Q@B MHCV*(]UYHMV=(?4A&@QN7BE.X3B^(3$FY#>RXC(6)%08T)69`0F6A3:)#T*HS7VV$Y^'QWZI*8M92&*W>HQ9#PZ8;\=HQ2Y9%7! MY!**8A-B)#FJ9"'QFE4:X!SVEE9B!DDZX"H&_B,\.EX89F,Y1J1?GB4^8_+MI4\B9P9B=:9AM! M%B?'`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`)+&8=&;F:*Y+1 MF:SU(6R`BX10YNV43H9JAV%`#;_`[("$"LZ*VLK>["@=SEO>Q,X6%L[2K,T* M1[,,K"=-ZY((M%Y&MUX6);+!.A['.%[PIJ=9N+==V;9$,"=6*:\'* M&=8BK->>+=JFK=JZ3]@"[+B:37&9Z]K.+=W6@^V82NW,%5FG#M=3&*O=_BW@ M!J[@4H;?#MO@'B[B)J[B+B[C-J[C/B[D1J[D3B[E5J[E7B[F9J[F;B[G=J[G M?B[HAJ[HCB[IEJ[IGB[JIJ[JKB[KMJ[KOB[LQJ[LSB[MUJ[MWB[NYJ[N[B[O :]J[O_B[P!J_P#B_Q%J_Q'B_R)J]8!`0``#L_ ` end -----END PRIVACY-ENHANCED MESSAGE-----