-----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,
 WzFcyv462NvDCHPSBSCkzRwtOODwL9nZ9UESV+vq7AUz+0dtb5KbQbURKv28NAWx
 Y5g9D+8vkrZtIMBmA24gnA==

<SEC-DOCUMENT>0000000000-08-022289.txt : 20080609
<SEC-HEADER>0000000000-08-022289.hdr.sgml : 20080609
<ACCEPTANCE-DATETIME>20080430154928
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-08-022289
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080430

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1601 MARKET STREET
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1601 MARKET ST
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
PUBLIC REFERENCE ACCESSION NUMBER:		0001193125-08-079105
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C0V(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#$R
M-S4Y+T\@-#@O12`V-#,T+TX@,2]4(#$Q-SDR+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HT-B`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DX(#`P,#`P(&X-"C`P,#`P,#$Q-S$@
M,#`P,#`@;@T*,#`P,#`P,30Q-"`P,#`P,"!N#0HP,#`P,#`Q.#4R(#`P,#`P
M(&X-"C`P,#`P,#$X.#<@,#`P,#`@;@T*,#`P,#`P,C<U.2`P,#`P,"!N#0HP
M,#`P,#`S,3<R(#`P,#`P(&X-"C`P,#`P,#4X-C4@,#`P,#`@;@T*,#`P,#`P
M-C$P."`P,#`P,"!N#0HP,#`P,#`V,S4W(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#4Y+U!R978@,3$W.#$O6%)E9E-T;2`W,S$O4F]O="`T-R`P(%(O26YF;R`V
M(#`@4B])1%L\,3$P04$P-C0Q040R03@S-3,U-3`W0S,R-SE$,3`S-C8^/#`U
M0C(R13$P140X141"-#A",$4Y1#=$1D1",S(W031$/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C4X(#`@;V)J#3P\+TQE;F=T:"`X-2]#(#DU+T9I
M;'1E<B]&;&%T941E8V]D92])(#$Q-R],(#<Y+U,@,SD^/G-T<F5A;0T*>-IB
M8&#@9&!@?L(`!"+]#*B`"8A9&#@.,"@@"7)",0.#,@,/+^-D!F97\55)O`S7
MF!;`-$E/AFJV`F)&!@:)8@C-C#"'C8%!1PTBRF@`$&``3O<(>@T*96YD<W1R
M96%M#65N9&]B:@TU-R`P(&]B:@T\/"],96YG=&@@,C`O1FEL=&5R+T9L871E
M1&5C;V1E+U=;,2`Q(#%=+TEN9&5X6S<@,SE=+T1E8V]D95!A<FUS/#PO0V]L
M=6UN<R`S+U!R961I8W1O<B`Q,CX^+U-I>F4@-#8O5'EP92]84F5F/CYS=')E
M86T-"GC:8F)B9&!B8&`<C!@@P``E[@!X#0IE;F1S=')E86T-96YD;V)J#30W
M(#`@;V)J#3P\+TUA<FM);F9O/#PO3&5T=&5R<W!A8V5&;&%G<R`P+TUA<FME
M9"!T<G5E/CXO365T861A=&$@-2`P(%(O4&EE8V5);F9O/#PO36%R:V5D4$1&
M/#PO3&%S=$UO9&EF:65D*$0Z,C`P.#`T,S`Q-30X-#0I/CX^/B]086=E<R`T
M(#`@4B]086=E3&%Y;W5T+T]N94-O;'5M;B]3=')U8W14<F5E4F]O="`W(#`@
M4B]4>7!E+T-A=&%L;V<O3&%N9RC^_P!%`$X`+0!5`%,I+TQA<W1-;V1I9FEE
M9"A$.C(P,#@P-#,P,34T.#0T*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J
M#30X(#`@;V)J#3P\+T-R;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`T(#`@
M4B]3=')U8W1087)E;G1S(#`O0V]N=&5N=',@-3$@,"!2+U)O=&%T92`P+TUE
M9&EA0F]X6S`@,"`V,3(@-SDR72]297-O=7)C97,\/"]#;VQO<E-P86-E/#PO
M0U,P(#4P(#`@4CX^+T9O;G0\/"]45#`@-#D@,"!2+U14,2`U,B`P(%(^/B]0
M<F]C4V5T6R]01$8O5&5X=%TO17AT1U-T871E/#PO1U,P(#4V(#`@4CX^/CXO
M5'EP92]086=E/CX-96YD;V)J#30Y(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y
M<&4O1F]N=$1E<V-R:7!T;W(@-30@,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;
M,C4P(#`@,"`P(#`@,"`P(#`@,S,S(#,S,R`P(#`@,C4P(#,S,R`R-3`@,"`U
M,#`@-3`P(#4P,"`U,#`@,"`U,#`@-3`P(#`@-3`P(#`@,C<X(#`@,"`P(#`@
M,"`P(#<R,B`V-C<@-C8W(#<R,B`V,3$@,"`W,C(@,"`S,S,@,S@Y(#`@,"`X
M.#D@,"`P(#4U-B`P(#8V-R`U-38@-C$Q(#`@-S(R(#DT-"`P(#`@,"`P(#`@
M,"`P(#`@,"`T-#0@,"`T-#0@-3`P(#0T-"`S,S,@,"`U,#`@,C<X(#`@-3`P
M(#(W."`W-S@@-3`P(#4P,"`U,#`@-3`P(#,S,R`S.#D@,C<X(#4P,"`U,#`@
M-S(R(#4P,"`U,#!=+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y04TU4+T9I<G-T
M0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-
M96YD;V)J#34P(#`@;V)J#5LO24-#0F%S960@-3,@,"!270UE;F1O8FH--3$@
M,"!O8FH-/#PO3&5N9W1H(#@P,B]&:6QT97(O1FQA=&5$96-O9&4^/G-T<F5A
M;0T*2(F456UOHD`0_FYR_V$^PD5T%P2T:9KXTFO:Q(NIY.[#]3YL<#WW#L'"
M6NN_OX%=I$305$UF!V:?>>;52=#I+^#VMC^?/LZ`P-W=9#:%3G^Z)!!F^"#_
M0A;&G?X#/OJ3=?I!0(!"L.Y0NWB+PL<?&?90!-N.`6;PMW,_SV$J:%I"$[!H
MCWHN!+,64[LT#;ZV6#A7+097+=RK%MZ)<H\0@H1#L'O^8(2G`^"M7\:<B0A,
MVW>)L93)3A\]0@D>'6*`^HQWZ<G.=KOEB9`AF+^#IS/'?I4K]$FTNV:2PQI)
M)[]@E4=U+>`ISQB,>S!)CR'OPGWVVFO$&M6PAA76L,2Z?^?A7HHW#C]$R&&!
MR&+%8PDL7L$#CWG*(I@F^SCC$33W`;E*^)FM!(OA(4WV.WB,PUX+$KU*EV(I
M8,[2?US"4J8<13.478/R*RB_A%IL1,16/-IM!.O"@L=Q=HS>6"Q8"Z3SB2+2
M4[OB=%$U785[6C&A.8)3#`_&M\+N>^8W8%K4QEXZ3UEC8U'WO*6M\G@`2\'[
M"AZQBSXM)18[$EL1L_2(A4_>CYA2)ODV+W\2PS+<\-4^XAC,N,6[=['T7N7<
M^"8BOM)S0TD7U*PT9<ZO8=JG(2UZP/)J`4$.JZ?O>]+3)[QF.?8`4]#,>GA>
M2%+"MJTP.OI04/*AH%X5M%<AN6H;SCA+89[I0;UI7HZDC<[%E4HO-KAS`LCS
M]-.DQ."P83CF8;(U1\;.I$;$)98DV:>0\C?!#Y"LX9BKNZ(7LJ(7T+;<!L7U
M.('U/I4;GFHD;9$!DRK=5MVWW(@,I"C,<.X7$6=9SB*6+,093O)YF[`T30J$
M%URB]HL)KDLMQ\,L'H3<H/<CO.YY)D428S)?OC36U;8_,:#V:9JQN8JQ*?:_
MWN_+O)&H(5`,AD:LVBK,-8Q"B52]TUJDM*.R[)IZSAII#FHTVQE>_S^SO>LF
M_J4XGVHAK7/:3BGJ`1[+D`KQG`N[S(\V6:EW4>VA1FE)Q?`#_Q.IL0+/%(`6
MVI76I-*8TG1]9.FJT&8UBO5@PAI*HBY<9CJZ4+3[H/-?@`$`UX`QX0T*96YD
M<W1R96%M#65N9&]B:@TU,B`P(&]B:@T\/"]3=6)T>7!E+U1R=654>7!E+T9O
M;G1$97-C<FEP=&]R(#4U(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P
M(#`@,"`P(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@-3`P(#4P
M,"`U,#`@-3`P(#4P,"`P(#`@-3`P(#`@,S,S(#`@,"`P(#`@,"`P(#<R,B`P
M(#`@,"`P(#8Q,2`W-S@@,"`S.#D@,"`P(#`@,"`W,C(@,"`V,3$@,"`W,C(@
M-34V(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@-3`P(#`@-#0T(#4U-B`T
M-#0@,"`P(#4U-B`R-S@@,"`P(#(W."`X,S,@-34V(#4P,"`U-38@,"`T-#0@
M,"`S,S,@-34V(#`@,"`U,#`@-3`P72]"87-E1F]N="]4:6UE<TYE=U)O;6%N
M4%,M0F]L9$U4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I
M;F<O5'EP92]&;VYT/CX-96YD;V)J#34S(#`@;V)J#3P\+TQE;F=T:"`R-3DX
M+T9I;'1E<B]&;&%T941E8V]D92].(#,O06QT97)N871E+T1E=FEC95)'0CX^
M<W1R96%M#0IHWIR6=U14UQ:'S[UW>J'-,-(9>I,N,(#T+B`=!%$89@88R@##
M#$ULB*A`1!$1`460H(`!HZ%(K(AB(2BH8`]($%!B,(JHJ&1&UDI\>7GOY>7W
MQ[W?VF?O<_?9>Y^U+@`D3Q\N+P66`B"9)^`'>CC35X5'T+']``9X@`&F`#!9
MZ:F^0>[!0"0O-Q=ZNL@)_(O>#`%(_+YEZ.E/IX/_3]*L5+X``,A?Q.9L3CI+
MQ/DB3LH4I(KM,R*FQB2*&4:)F2]*4,1R8HY;Y*6??1;94<SL9!Y;Q.*<4]G)
M;#'WB'A[AI`C8L1'Q`497$ZFB&^+6#-)F,P5\5MQ;#*'F0X`BB2V"SBL>!&;
MB)C$#PYT$?%R`'"DN"\XY@L6<+($XD.YI*1F\[EQ\0*Z+DN/;FIMS:![<C*3
M.`*!H3^3E<CDL^DN*<FI3%XV`(MG_BP9<6WIHB);FEI;6AJ:&9E^4:C_NO@W
M)>[M(KT*^-PSB-;WA^VO_%+J`&#,BFJSZP];S'X`.K8"('?_#YOF(0`D17UK
MO_'%>6CB>8D7"%)MC(TS,S.-N!R6D;B@O^M_.OP-??$](_%VOY>'[LJ)90J3
M!'1QW5@I22E"/CT]E<GBT`W_/,3_./"O\U@:R(GE\#D\442H:,JXO#A1NWEL
MKH";PJ-S>?^IB?\P[$]:G&N1*/6?`#7*"$C=H`+DYSZ`HA`!$GE0W/7?^^:#
M#P7BFQ>F.K$X]Y\%_?NN<(GXD<Z-^QSG$AA,9PGY&8MKXFL)T(``)`$5R`,5
MH`%T@2$P`U;`%C@"-[`"^(%@$`[6`A:(!\F`#S)!+M@,"D`1V`7V@DI0`^I!
M(V@!)T`'.`TN@,O@.K@)[H`'8`2,@^=@!KP!\Q`$82$R1('D(55("S*`S"`&
M9`^Y03Y0(!0.14-Q$`\20KG0%J@(*H4JH5JH$?H6.@5=@*Y"`]`]:!2:@GZ%
MWL,(3(*IL#*L#1O##-@)]H:#X35P')P&Y\#Y\$ZX`JZ#C\'M\`7X.GP''H&?
MP[,(0(@(#5%##!$&XH+X(1%(+,)'-B"%2#E2A[0@74@O<@L90::1=R@,BH*B
MHPQ1MBA/5`B*A4I#;4`5HRI11U'MJ![4+=0H:@;U"4U&*Z$-T#9H+_0J=!PZ
M$UV`+D<WH-O0E]!WT./H-Q@,AH;1P5AA/#'AF`3,.DPQY@"F%7,>,X`9P\QB
ML5AYK`'6#NN'96(%V`+L?NPQ[#GL('8<^Q9'Q*GBS'#NN`@<#Y>'*\<UX<[B
M!G$3N'F\%%X+;X/WP[/QV?@2?#V^"W\#/XZ?)T@3=`AVA&!"`F$SH8+00KA$
M>$AX1202U8G6Q``BE[B)6$$\3KQ"'"6^(\F0]$DNI$B2D+23=(1TGG2/](I,
M)FN3'<D19`%Y)[F1?)'\F/Q6@B)A).$EP9;8*%$ET2XQ*/%"$B^I)>DDN58R
M1[)<\J3D#<EI*;R4MI2+%%-J@U25U"FI8:E9:8JTJ;2?=+)TL723]%7I21FL
MC+:,FPQ;)E_FL,Q%F3$*0M&@N%!8E"V4>LHERC@50]6A>E$3J$74;ZC]U!E9
M&=EELJ&R6;)5LF=D1V@(39OF14NBE=!.T(9H[Y<H+W%:PEFR8TG+DL$E<W**
M<HYR'+E"N5:Y.W+OY>GR;O*)\KOE.^0?*:`4]!4"%#(5#BI<4IA6I"K:*K(4
M"Q5/*-Y7@I7TE0*5UBD=5NI3FE564?903E7>KWQ1>5J%IN*HDJ!2IG)694J5
MHFJORE4M4SVG^HPN2W>B)]$KZ#WT&34E-4\UH5JM6K_:O+J.>HAZGGJK^B,-
M@@9#(U:C3*-;8T935=-7,U>S6?.^%EZ+H16OM4^K5VM.6T<[3'N;=H?VI(Z<
MCI=.CDZSSD-=LJZ#;IING>YM/8P>0R]1[X#>37U8WT(_7K]*_X8!;&!IP#4X
M8#"P%+W4>BEO:=W284.2H9-AAF&SX:@1S<C'*,^HP^B%L:9QA/%NXU[C3R86
M)DDF]28/3&5,5YCFF7:9_FJF;\8RJS*[;4XV=S??:-YI_G*9P3+.LH/+[EI0
M+'PMMEET6WRTM++D6[983EEI6D5;55L-,Z@,?T8QXXHUVMK9>J/U:>MW-I8V
M`IL3-K_8&MHFVC;93B[76<Y97K]\S$[=CFE7:S=B3[>/MC]D/^*@YL!TJ'-X
MXJCAR'9L<)QPTG-*<#KF],+9Q)GOW.8\YV+CLM[EO"OBZN%:Z-KO)N,6XE;I
M]MA=W3W.O=E]QL/"8YW'>4^TI[?G;L]A+V4OEE>CU\P*JQ7K5_1XD[R#O"N]
MG_CH^_!]NGQAWQ6^>WP?KM1:R5O9X0?\O/SV^#WRU_%/\_\^`!/@'U`5\#30
M-#`WL#>($A05U!3T)M@YN"3X08ANB#"D.U0R-#*T,70NS#6L-&QDE?&J]:NN
MARN$<\,[([`1H1$-$;.KW5;O73T>:1%9$#FT1F=-UIJK:Q76)JT]$R49Q8PZ
M&8V.#HMNBO[`]&/6,6=CO&*J8V98+JQ]K.=L1W89>XICQRGE3,3:Q9;&3L;9
MQ>V)FXIWB"^/G^:Z<"NY+Q,\$VH2YA+]$H\D+B2%);4FXY*CDT_Q9'B)O)X4
ME92LE(%4@]2"U)$TF[2]:3-\;WY#.I2^)KU30!7]3/4)=85;A:,9]AE5&6\S
M0S-/9DEG\;+ZLO6S=V1/Y+CG?+T.M8ZUKCM7+7=S[NAZI_6U&Z`-,1NZ-VIL
MS-\XOLECT]'-A,V)FW_(,\DKS7N])6Q+5[YR_J;\L:T>6YL+)`KX!</;;+?5
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M,S`4,G1W.')XY"[[[N2]I'LO[V?<GW^PZ2'Z8>$CJ4?ECY4>U_VH]V/KB.7(
MF5'7T;XG04\>C+'&GO^4_M.'\?RGY*?E$ZH3C9-FDZ>GW*=N/EO];/QYZO/Y
MZ8*?I7^N?J'[XKM?''_IFUDU,_Z2_W+AU^)7\J^.O%[VNGO6?_;QF^0W\W.%
M;^7?'GW'>-?[/NS]Q'SF!^R'BH]Z'[L^>7]ZN)"\L/";``,`]X3S^PH-"F5N
M9'-T<F5A;0UE;F1O8FH--30@,"!O8FH-/#PO4W1E;58@.#(O1F]N=$YA;64O
M5&EM97-.97=2;VUA;E!3350O1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG
M:'0@-#`P+T9L86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT0D)O>%LM-38X("TS
M,#<@,C`P,"`Q,#`W72]!<V-E;G0@.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W
M(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$
M97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH--34@,"!O8FH-/#PO
M4W1E;58@,3,V+T9O;G1.86UE+U1I;65S3F5W4F]M86Y04RU";VQD350O1F]N
M=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-S`P+T9L86=S(#,T+T1E<V-E
M;G0@+3(Q-B]&;VYT0D)O>%LM-34X("TS,#<@,C`P,"`Q,#(V72]!<V-E;G0@
M.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V
M+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE
M(#`^/@UE;F1O8FH--38@,"!O8FH-/#PO3U!-(#$O3U`@9F%L<V4O;W`@9F%L
M<V4O5'EP92]%>'1'4W1A=&4O4T$@9F%L<V4O4TT@,"XP,CX^#65N9&]B:@TQ
M(#`@;V)J#3P\+T9I<G-T(#(Y."],96YG=&@@-S`T+T9I;'1E<B]&;&%T941E
M8V]D92].(#,Y+U1Y<&4O3V)J4W1M/CYS=')E86T-"GC:W)1;:QLQ$(7[4^:Q
M?6BUTFAO$`R.$X-Q;L0.?0A]V#B*N]39-?*Z)/^^1SMUG+10K(="*=B9C/;H
MF]&<E7-*J""=)%02VQ3_$6>6M*:T0#"4Z9PT4\XE:4M%9DBG5!89:7QTB8?X
MF#0A#8PIL0="YH(,EK@P9#0VFHP,=MH\(<,@`&4@35/H4#1+H`M("QUX6:G)
M@)<S<O#R0A.'$A`Q>$6!-L$KL9G!*_/0/4H"RBEBAAQ;->IPCI@B1RF3("\1
M;4D6K81^+4HQ%BU:8)S9,EI#41M:S)&#E^)01T=JBE$E=*VN*N^:;NZ=P]3>
M+ERXIV[JGDFKZW;ESJMUF&B0S)_73LTZOUWTNNNV[=1H56TVO48'S6`0:MQB
ML$C"7/M02.@+A:'V04LP$EB"E9!*$(H1BA&*$0H+A87"0F&AL%!8*"P4%@H+
MA85BA6*%8H5BA6*%8GO*%W5%/4#-U,PM.G56-<OWIQ<?;V;O/O2'OM@^;FZ3
M\&8%>;\T:59UXV9?*XQM7"^WWJD3WZY'U7J77FZ[(%&S==6HV?9NL_#UNMNE
M:^=?+\POA_B.\!WW$4[4WUR[W3V&;<?MDSJIOZN+UC]6*W6E3IO[INT<%O!G
M#,/VV4US[_R^.JB3@)VHL:\>78]YTSK*BT".VU>XU3(R+2/3=G]X0!=N^-`Y
M3\FGI.]NN*J7.%=7^4Y=8H+/H??/ON[J9GG>WCMUYN=WLO'8/;3>O>R<H->F
MZU.<Z%76P_;Y7ZO,V;]:.CP>#/[#&X=Q#DG>+S7:O=%32G`3BY\W<?>:+\D6
M+[\^+YNF^`4[7&LBM!RAM1':-$*;16CS"&T1H2UCO(@R+L8Y'6.=/L0[_O6E
MTS$NZD-LM+^5B#%4QSBJ8RS5,9Z:Y.!A0AQU&V,\-3'WT<18:6)NI(EQT,0X
M:&(<-']V\(<``P!A&<6Y#0IE;F1S=')E86T-96YD;V)J#3(@,"!O8FH-/#PO
M3G5M<ULP(#,@,"!273X^#65N9&]B:@TS(#`@;V)J#3P\+U,O1#X^#65N9&]B
M:@TT(#`@;V)J#3P\+T-O=6YT(#$O5'EP92]086=E<R]+:61S6S0X(#`@4ET^
M/@UE;F1O8FH--2`P(&]B:@T\/"]3=6)T>7!E+UA-3"],96YG=&@@-#`U-B]4
M>7!E+TUE=&%D871A/CYS=')E86T-"CP_>'!A8VME="!B96=I;CTB[[N_(B!I
M9#TB5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED(C\^"CQX.GAM<&UE=&$@>&UL
M;G,Z>#TB861O8F4Z;G,Z;65T82\B('@Z>&UP=&L](D%D;V)E(%A-4"!#;W)E
M(#0N,"UC,S$V(#0T+C(U,SDR,2P@4W5N($]C="`P,2`R,#`V(#$W.C$T.C,Y
M(CX*("`@/')D9CI21$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q
M.3DY+S`R+S(R+7)D9BUS>6YT87@M;G,C(CX*("`@("`@/')D9CI$97-C<FEP
M=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z<&1F/2)H='1P
M.B\O;G,N861O8F4N8V]M+W!D9B\Q+C,O(CX*("`@("`@("`@/'!D9CI0<F]D
M=6-E<CY!8W)O8F%T($1I<W1I;&QE<B`X+C$N,"`H5VEN9&]W<RD\+W!D9CI0
M<F]D=6-E<CX*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z
M1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D
M9G@](FAT='`Z+R]N<RYA9&]B92YC;VTO<&1F>"\Q+C,O(CX*("`@("`@("`@
M/'!D9G@Z0V]M<&%N>3Y396-U<FET:65S(&%N9"!%>&AA;F=E($-O;6UI<W-I
M;VX\+W!D9G@Z0V]M<&%N>3X*("`@("`@("`@/'!D9G@Z4V]U<F-E36]D:69I
M960^1#HR,#`X,#0R-#$T-3,S-3PO<&1F>#I3;W5R8V5-;V1I9FEE9#X*("`@
M("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@
M<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAA<#TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87`O,2XP+R(^"B`@("`@("`@(#QX87`Z0W)E871O<E1O
M;VP^06-R;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0\+WAA<#I#<F5A=&]R
M5&]O;#X*("`@("`@("`@/'AA<#I-;V1I9GE$871E/C(P,#@M,#0M,S!4,34Z
M-#@Z-#0M,#0Z,#`\+WAA<#I-;V1I9GE$871E/@H@("`@("`@("`\>&%P.D-R
M96%T941A=&4^,C`P."TP-"TS,%0Q-3HT.#HT,"TP-#HP,#PO>&%P.D-R96%T
M941A=&4^"B`@("`@("`@(#QX87`Z365T861A=&%$871E/C(P,#@M,#0M,S!4
M,34Z-#@Z-#0M,#0Z,#`\+WAA<#I-971A9&%T841A=&4^"B`@("`@(#PO<F1F
M.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(@H@("`@("`@("`@("!X;6QN<SIX87!-33TB:'1T<#HO+VYS+F%D;V)E
M+F-O;2]X87`O,2XP+VUM+R(^"B`@("`@("`@(#QX87!-33I$;V-U;65N=$E$
M/G5U:60Z9C<R8CDT-C,M.6-B,2TT83ED+3DR8S0M-68Y9C=E8V1B,F%C/"]X
M87!-33I$;V-U;65N=$E$/@H@("`@("`@("`\>&%P34TZ26YS=&%N8V5)1#YU
M=6ED.C!E8C@Q-S)E+6(T86(M-&8R92UA.3-F+6,Q86$W.69C.#,Y8CPO>&%P
M34TZ26YS=&%N8V5)1#X*("`@("`@("`@/'AA<$U-.G-U8FIE8W0^"B`@("`@
M("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI/C,\+W)D
M9CIL:3X*("`@("`@("`@("`@/"]R9&8Z4V5Q/@H@("`@("`@("`\+WAA<$U-
M.G-U8FIE8W0^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F
M.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID
M8STB:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@
M("`\9&,Z9F]R;6%T/F%P<&QI8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@
M("`@("`\9&,Z8W)E871O<CX*("`@("`@("`@("`@/')D9CI397$^"B`@("`@
M("`@("`@("`@(#QR9&8Z;&D^52Y3+CPO<F1F.FQI/@H@("`@("`@("`@("`\
M+W)D9CI397$^"B`@("`@("`@(#PO9&,Z8W)E871O<CX*("`@("`@("`@/&1C
M.G1I=&QE/@H@("`@("`@("`@("`\<F1F.D%L=#X*("`@("`@("`@("`@("`@
M/')D9CIL:2!X;6PZ;&%N9STB>"UD969A=6QT(CXQ.3,T($%#5"!%6$%-24Y!
M5$E/3B!215!/4E0@("`@/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.D%L
M=#X*("`@("`@("`@/"]D8SIT:71L93X*("`@("`@/"]R9&8Z1&5S8W)I<'1I
M;VX^"B`@(#PO<F1F.E)$1CX*/"]X.GAM<&UE=&$^"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*/#]X<&%C:V5T(&5N9#TB=R(_/@T*96YD<W1R96%M#65N9&]B
M:@TV(#`@;V)J#3P\+T-R96%T:6]N1&%T92A$.C(P,#@P-#,P,34T.#0P+3`T
M)S`P)RDO075T:&]R*%4N4RXI+T-R96%T;W(H06-R;V)A="!01$9-86ME<B`X
M+C$@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B870@1&ES=&EL;&5R(#@N,2XP
M(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`P.#`T,S`Q-30X-#0M,#0G,#`G
M*2]#;VUP86YY*%-E8W5R:71I97,@86YD($5X:&%N9V4@0V]M;6ES<VEO;BDO
M4V]U<F-E36]D:69I960H1#HR,#`X,#0R-#$T-3,S-2DO5&ET;&4H,3DS-"!!
M0U0@15A!34E.051)3TX@4D503U)4("`@("D^/@UE;F1O8FH->')E9@T*,"`T
M-@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`V-#,T(#`P,#`P(&X-"C`P
M,#`P,#<R,S0@,#`P,#`@;@T*,#`P,#`P-S(V."`P,#`P,"!N#0HP,#`P,#`W
M,CDR(#`P,#`P(&X-"C`P,#`P,#<S-#0@,#`P,#`@;@T*,#`P,#`Q,30W-R`P
M,#`P,"!N#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0IT<F%I;&5R#0H\/"]3:7IE(#0V/CX-
8"G-T87)T>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----