-----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,
 U6M2llA3lHM9go/tZnIG9KPXQkieFDykUgwouyG4XZsn7TZ/MVc7cvmPIzjNdcIQ
 bwVUt6ZVKOKDnctkevVKPQ==

<SEC-DOCUMENT>0000000000-07-005814.txt : 20070306
<SEC-HEADER>0000000000-07-005814.hdr.sgml : 20070306
<ACCEPTANCE-DATETIME>20070202145604
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-07-005814
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070202

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REED ELSEVIER PLC
		CENTRAL INDEX KEY:			0000929869
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS PUBLISHING [2741]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1-3 STRAND
		CITY:			LONDON WC2N 5JR
		STATE:			X0
		ZIP:			00000
		BUSINESS PHONE:		011442071665660

	MAIL ADDRESS:	
		STREET 1:		1-3 STRAND
		CITY:			LONDON WC2N 5JR
		STATE:			X0
		ZIP:			00000
PUBLIC REFERENCE ACCESSION NUMBER:		0001156973-06-000303
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C4T(#`@;V)J(#P\+TQI;F5A<FEZ960@,2],(#$S
M-C(Y+T\@-38O12`V-C,X+TX@,2]4(#$R-3`R+T@@6R`U-38@,3DR73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HU-"`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.3$U(#`P,#`P(&X-"C`P,#`P,#$Q.38@
M,#`P,#`@;@T*,#`P,#`P,30S."`P,#`P,"!N#0HP,#`P,#`Q.#8W(#`P,#`P
M(&X-"C`P,#`P,#$Y,#$@,#`P,#`@;@T*,#`P,#`P,CDW.2`P,#`P,"!N#0HP
M,#`P,#`S-#`S(#`P,#`P(&X-"C`P,#`P,#8P-S(@,#`P,#`@;@T*,#`P,#`P
M-C,Q-"`P,#`P,"!N#0HP,#`P,#`V-38R(#`P,#`P(&X-"C`P,#`P,#`W-#@@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#8W+U!R978@,3(T.3$O6%)E9E-T;2`W-#@O4F]O="`U-2`P(%(O26YF;R`Y
M(#`@4B])1%L\-3DP,T8P1C4X,3`P-S<X1#$S,3`X-T0V,D)"14,P1$,^/$)%
M,C`W13(P1$0X1#0T-#A"-44W1#5$.34V-S4R14(Q/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C8V(#`@;V)J/#PO3&5N9W1H(#DW+T,@,3$Q+T9I
M;'1E<B]&;&%T941E8V]D92])(#$S,R],(#DU+T\@-SDO4R`S.3X^<W1R96%M
M#0IXVF)@8.!D8&!^PP`$HDX,J(`)B%D8.`XP&"`)<D(Q`X,2`P\O8S<#BXA$
MEC<OPS6F!6!11@8&23T@S0S$!X&8E8%!M@!JF`780`;)]Q!US(W(INH+0$09
M?@,$&`"Y90H^#0IE;F1S=')E86T-96YD;V)J#38U(#`@;V)J/#PO3&5N9W1H
M(#(P+T9I;'1E<B]&;&%T941E8V]D92]76S$@,2`Q72]);F1E>%LQ,"`T-%TO
M1&5C;V1E4&%R;7,\/"]#;VQU;6YS(#,O4')E9&EC=&]R(#$R/CXO4VEZ92`U
M-"]4>7!E+UA2968^/G-T<F5A;0T*>-IB8F)A8&)@8!PJ&"#``#']`(H-"F5N
M9'-T<F5A;0UE;F1O8FH--34@,"!O8FH\/"]-87)K26YF;SP\+TQE='1E<G-P
M86-E1FQA9W,@,"]-87)K960@=')U93X^+T]U=&QI;F5S(#$@,"!2+TUE=&%D
M871A(#@@,"!2+U!I96-E26YF;SP\+TUA<FME9%!$1CP\+TQA<W1-;V1I9FEE
M9"A$.C(P,#<P,C`R,30T.#0U*3X^/CXO4&%G97,@-R`P(%(O4&%G94QA>6]U
M="]/;F5#;VQU;6XO4W1R=6-T5')E95)O;W0@,3`@,"!2+U1Y<&4O0V%T86QO
M9R],86YG*$5.+553*2],87-T36]D:69I960H1#HR,#`W,#(P,C$T-#@T-2DO
M4&%G94QA8F5L<R`U(#`@4CX^#65N9&]B:@TU-B`P(&]B:CP\+T-R;W!";WA;
M,"`P(#8Q,B`W.3)=+U!A<F5N="`W(#`@4B]3=')U8W1087)E;G1S(#`O0V]N
M=&5N=',@-3D@,"!2+U)O=&%T92`P+TUE9&EA0F]X6S`@,"`V,3(@-SDR72]2
M97-O=7)C97,\/"]#;VQO<E-P86-E/#PO0U,P(#4X(#`@4CX^+T9O;G0\/"]4
M5#`@-3<@,"!2+U14,2`V,"`P(%(^/B]0<F]C4V5T6R]01$8O5&5X=%TO17AT
M1U-T871E/#PO1U,P(#8T(#`@4CX^/CXO5'EP92]086=E/CX-96YD;V)J#34W
M(#`@;V)J/#PO4W5B='EP92]4<G5E5'EP92]&;VYT1&5S8W)I<'1O<B`V,B`P
M(%(O3&%S=$-H87(@,3(Q+U=I9'1H<ULR-3`@,"`P(#`@,"`P(#`@,"`P(#`@
M,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@-3`P(#`@-3`P(#4P,"`U
M,#`@,"`P(#(W."`P(#`@,"`P(#`@,"`W,C(@-C8W(#8V-R`W,C(@-C$Q(#4U
M-B`P(#`@,"`S.#D@,"`V,3$@.#@Y(#<R,B`W,C(@,"`P(#8V-R`U-38@,"`P
M(#`@.30T(#`@,"`P(#`@,"`P(#`@,"`P(#0T-"`P(#0T-"`U,#`@-#0T(#,S
M,R`U,#`@-3`P(#(W."`P(#4P,"`R-S@@-S<X(#4P,"`U,#`@-3`P(#`@,S,S
M(#,X.2`R-S@@-3`P(#4P,"`W,C(@,"`U,#!=+T)A<V5&;VYT+U1I;65S3F5W
M4F]M86Y04TU4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I
M;F<O5'EP92]&;VYT/CX-96YD;V)J#34X(#`@;V)J6R])0T-"87-E9"`V,2`P
M(%)=#65N9&]B:@TU.2`P(&]B:CP\+TQE;F=T:"`Q,#`X+T9I;'1E<B]&;&%T
M941E8V]D93X^<W1R96%M#0I(B916VV[;1A!]UU?,XQ((UWOEQ0@"U+)4U(C<
MP"8:%$X?6(JVV$ID0,D)U*_O+"]B*.U*C@R9R_7ZS,R9RYZK3_#^_=5B^MLM
M,/CPX>9V"I.KZ2.#;(L;Y@>V63GA4.#^K[C_LIW<)).K)&'`(7F>,$@R/)5\
M-T>3+7!FGO^9K1JX:"#P$3,(643C`)+-A("7_#.9)9/9PI@;7."]"R,3(Y0@
MUI2?1Q%O0(DXE>=1I!6%4<:8-#$+&JHX-(&/D8.0Z@;YB4#_N4O+U[3>@R="
MS8CD[YJ5)H*Q$+R_DCN;`\KNP('OL5DM:7@^(&W%PS"T@1S0)`L@D/$A5^W'
M`1JXG1S[)X)+:0O?D#8N^K0MTF(-C[OJ*T@=<!=F=!E3QU&7,*=GL;L4`A.I
MWR^/DJ(CU27E"?VM_X5?ZHT7D<KS%7FMG8GGS&TO&NQ%I_9"UF7MB4Q71?[L
M*0+SHDS+K$C7\+MY-]_"\SG)\C,>V!MQ*'Z_7QY[H,,^S0]YOH39>IM_*]"2
ML^/MS?H&;I7L2X'[$BNA3LNETXJ]F5MLU704KD1\:D7$AV[^6)7+JH3/F,&I
MYTLB[D'?/;@Y=/3O@</3)M9<]TT\*U_6YP*R-_-IWVG&+P[=HQ[FEB91440-
M48:'A]DU8`$QR8YR_.GC%(S/#PTE3:#BD$*DPX0K::Q,Y,L)&?WO_1_PA>Q6
M.4RKS=>TW'_QG.Z&5G?;7/(^EV;U([M<!*!"1443!)D7ZQSN*PIXT.=22M5X
MWKX%4>0T'EF-#[9]I_&`4=49K^H-".;/KP&78**>%]L,._3//*UA5BZ1F=L\
MRS=_(S/FML![0CM=BNTN64JL\4,%-%#G[T]F16QOBJ.255+02/7777N_.5M"
MG!DK0Z68Y;$5'O=CY=90M*BIF:75:WWM#,(Q6.R=IYB^I`?$)4'0ECD_P98Q
M'Q2!YR-%G'S.895^RR'#:E_G.\PWQ@*UZ87O4#W#ONKO!SLYJ*1P!#1]]-34
M$PXE4U*>'Y)Y4\IUODX-[G.Q+LJ7K=GS-&FMEM6`S7_PO9GG?@?N<XJ_&P/F
MSGCU.*FQ5&OCLQ<3\\W+'0+OL(*+K1<0V!7-+G47P$]I&AG(082XLF(?A&,<
MS2B6P]GDVG7,J3@R<#*@2HP5WJ/7I+7`AXI(V?9!9MZ0C_91MW\S;UJ1=?NV
M;T^^N]0X=FUT.NZE$#2X$.H;-)%$J1Y=@+&+HA&,0*W.SL-(N]:Q$B]0M(LC
MXA<MN1WQ'>.KELYTX']@O)M1\S9AW9%]*\>=_$O[X/('F6)3*3*,L+#"KEC(
M#2J4;`6-,'/2\5-32Z#HOY!M:9]:8Q@4^[9L_R_``+\"%]<-"F5N9'-T<F5A
M;0UE;F1O8FH--C`@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#8S(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P(#`@,"`P
M(#`@,"`P(#,S,R`S,S,@,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@
M-3`P(#4P,"`U,#`@-3`P(#`@-3`P(#`@,S,S(#`@,"`P(#`@,"`P(#`@,"`W
M,C(@-S(R(#8V-R`V,3$@,"`P(#`@,"`P(#8V-R`P(#<R,B`P(#8Q,2`P(#<R
M,B`P(#`@,"`W,C(@,"`P(#<R,B`P(#`@,"`P(#`@,"`P(#4P,"`U-38@-#0T
M(#4U-B`T-#0@,"`P(#4U-B`R-S@@,"`P(#(W."`X,S,@-34V(#4P,"`U-38@
M,"`T-#0@,S@Y(#,S,R`P(#4P,"`P(#`@-3`P72]"87-E1F]N="]4:6UE<TYE
M=U)O;6%N4%,M0F]L9$U4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I
M16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#38Q(#`@;V)J/#PO3&5N9W1H
M(#(U-S4O1FEL=&5R+T9L871E1&5C;V1E+TX@,R]!;'1E<FYA=&4O1&5V:6-E
M4D="/CYS=')E86T-"DB)G)9Y5%-W%L=_;\F>D)6PPV,-6X"P!I`U;&&1'011
M"$D(`1)"2-@%040%%$5$A*J5,M9M=$9/19TNKF.M#M9]ZM(#]3#JZ#BT%M>.
MG1<X1YU.9Z;3[Q_O]SGW=^_OW=^]]YWS`*`GI:JUU3`+`(W6H,]*C,46%11B
MI`D``PH@`A$`,GFM+BT[(0?@DL9+L%K<"?R+GEX'D&F](DS*P##P_XDMU^D-
M`$`9.`<HE+5RG#MQKJHWZ$SV&9QYI94FAE$3Z_$$<;8TL6J>O>=\YCG:Q`J-
M5H&S*6>=0J,P\6F<5]<9E3@CJ3AWU:F5]3A?Q=FERJA1X_S<%*M1RFH!0.DF
MNT$I+\?9#V>Z/B=+@O,"`,ATU3M<^@X;E`T&TZ4DU;I&O5I5;L#<Y1Z8*#14
MC"4IZZN4!H,P0R:OE.D5F*1:HY-I&P&8O_.<.*;:8GB1@T6AP<%"?Q_1.X7Z
MKYN_4*;>SM.3S+F>0?P+;VT_YU<]"H!X%J_-^K>VTBT`C*\$P/+F6YO+^P`P
M\;X=OOC.??BF>2DW&'1AOK[U]?4^:J7<QU30-_J?#K]`[[S/QW3<F_)@<<HR
MF;'*@)GJ)J^NJC;JL5J=3*[$A#\=XE\=^/-Y>&<IRY1ZI1:/R,.G3*U5X>W6
M*M0&=;464VO_4Q-_9=A/-#_7N+ACKP&OV`>P+O(`\K<+`.72`%*T#=^!WO0M
ME9(',O`UW^'>_-S/"?KW4^$^TZ-6K9J+DV3E8'*COFY^S_19`@*@`B;@`2M@
M#YR!.Q`"?Q`"PD$TB`?)(!WD@`*P%,A!.=``/:@'+:`==($>L!YL`L-@.Q@#
MN\%^<!",@X_!"?!'<!Y\":Z!6V`23(.'8`8\!:\@"")!#(@+64$.D"OD!?E#
M8B@2BH=2H2RH`"J!5)`6,D(MT`JH!^J'AJ$=T&[H]]!1Z`1T#KH$?05-00^@
M[Z"7,`+381YL![O!OK`8CH%3X!QX":R":^`FN!->!P_!H_`^^#!\`CX/7X,G
MX8?P+`(0&L)''!$A(D8D2#I2B)0A>J05Z48&D5%D/W(,.8M<02:11\@+E(AR
M40P5HN%H$IJ+RM$:M!7M18?17>AA]#1Z!9U"9]#7!`;!EN!%""-("8L(*D(]
MH8LP2-A)^(APAG"-,$UX2B02^40!,8281"P@5A";B;W$K<0#Q./$2\2[Q%D2
MB61%\B)%D-)),I*!U$7:0MI'^HQTF31->DZFD1W(_N0$<B%92^X@#Y+WD#\E
M7R;?([^BL"BNE#!*.D5!::3T4<8HQR@7*=.45U0V54"-H.90*ZCMU"'J?NH9
MZFWJ$QJ-YD0+I672U+3EM"':[VB?TZ9H+^@<NB==0B^B&^GKZ!_2C]._HC]A
M,!ANC&A&(</`6,?8S3C%^)KQW(QKYF,F-5.8M9F-F!TVNVSVF$EANC)CF$N9
M3<Q!YB'F1>8C%H7EQI*P9*Q6U@CK*.L&:Y;-98O8Z6P-NY>]AWV.?9]#XKAQ
MXCD*3B?G`\XISETNPG7F2KAR[@KN&/<,=YI'Y`EX4EX%KX?W6]X$;\:<8QYH
MGF?>8#YB_HGY)!_AN_&E_"I^'_\@_SK_I86=18R%TF*-Q7Z+RQ;/+&TLHRV5
MEMV6!RRO6;ZTPJSBK2JM-EB-6]VQ1JT]K3.MZZVW69^Q?F3#LPFWD=MTVQRT
MN6D+VWK:9MDVVWY@>\%VUL[>+M%.9[?%[I3=(WN^?;1]A?V`_:?V#QRX#I$.
M:H<!A\\<_HJ98S%8%3:$G<9F'&T=DQR-CCL<)QQ?.0F<<ITZG`XXW7&F.HN=
MRYP'G$\ZS[@XN*2YM+CL=;GI2G$5NY:[;G8]Z_K,3>"6[[;*;=SMOL!2(!4T
M"?8*;KLSW*/<:]Q'W:]Z$#W$'I4>6SV^](0]@SS+/4<\+WK!7L%>:J^M7I>\
M"=ZAWEKO4>\;0KHP1E@GW"N<\N'[I/IT^(S[//9U\2WTW>![UO>U7Y!?E=^8
MWRT11Y0LZA`=$WWG[^DO]Q_QOQK`"$@(:`LX$O!MH%>@,G!;X)^#N$%I0:N"
M3@;](S@D6!^\/_A!B$M(2<A[(3?$/'&&N%?\>2@A-#:T+?3CT!=AP6&&L(-A
M?P\7AE>&[PF_OT"P0+E@;,'="*<(6<2.B,E(++(D\OW(R2C'*%G4:-0WT<[1
MBNB=T?=B/&(J8O;%/([UB]7'?A3[3!(F628Y'H?$)<9UQTW$<^)SXX?COTYP
M2E`E[$V820Q*;$X\GD1(2DG:D'1#:B>52W=+9Y)#DI<EGTZAIV2G#*=\D^J9
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MUS=$;=C5S^YOZK^[,6WCX0%LH'O@^TW%F\X-!@YNWTS=;-P\.93Z3P"D`5O^
MF+B9))F0F?R::)K5FT*;KYP<G(F<]YUDG=*>0)ZNGQV?BY_ZH&F@V*%'H;:B
M)J*6HP:C=J/FI%:DQZ4XI:FF&J:+IOVG;J?@J%*HQ*DWJ:FJ'*J/JP*K=:OI
MK%RLT*U$K;BN+:ZAKQ:OB[``L'6PZK%@L=:R2[+"LSBSKK0EM)RU$[6*M@&V
M>;;PMVBWX+A9N-&Y2KG"NCNZM;LNNZ>\(;R;O16]C[X*OH2^_[]ZO_7`<,#L
MP6?!X\)?PMO#6,/4Q%'$SL5+Q<C&1L;#QT''O\@]R+S).LFYRCC*M\LVR[;,
M-<RUS37-M<XVSK;/-\^XT#G0NM$\T;[2/]+!TT33QM1)U,O53M71UE76V-=<
MU^#89-CHV6S9\=IVVOO;@-P%W(K=$-V6WAS>HM\IWZ_@-N"]X43AS.)3XMOC
M8^/KY'/D_.6$Y@WFEN<?YZGH,NB\Z4;IT.I;ZN7K<.O[[(;M$>V<[BCNM.]`
M[\SP6/#E\7+Q__*,\QGSI_0T],+U4/7>]FWV^_>*^!GXJ/DX^<?Z5_KG^W?\
M!_R8_2G]NOY+_MS_;?__`@P`]X3S^PH-"F5N9'-T<F5A;0UE;F1O8FH--C(@
M,"!O8FH\/"]3=&5M5B`X,B]&;VYT3F%M92]4:6UE<TYE=U)O;6%N4%--5"]&
M;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H="`T,#`O1FQA9W,@,S0O1&5S
M8V5N="`M,C$V+T9O;G1"0F]X6RTU-C@@+3,P-R`R,#`P(#$P,#==+T%S8V5N
M="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A<$AE:6=H="`V
M-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N=$1E<V-R:7!T;W(O271A;&EC06YG
M;&4@,#X^#65N9&]B:@TV,R`P(&]B:CP\+U-T96U6(#$S-B]&;VYT3F%M92]4
M:6UE<TYE=U)O;6%N4%,M0F]L9$U4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT
M5V5I9VAT(#<P,"]&;&%G<R`S-"]$97-C96YT("TR,38O1F]N=$)";WA;+34U
M."`M,S`W(#(P,#`@,3`R-ETO07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I;65S
M($YE=R!2;VUA;BDO0V%P2&5I9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP92]&
M;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L92`P/CX-96YD;V)J#38T(#`@;V)J
M/#PO3U!-(#$O3U`@9F%L<V4O;W`@9F%L<V4O5'EP92]%>'1'4W1A=&4O4T$@
M9F%L<V4O4TT@,"XP,CX^#65N9&]B:@TQ(#`@;V)J/#PO1FER<W0@,B`P(%(O
M0V]U;G0@,2],87-T(#(@,"!2+U1Y<&4O3W5T;&EN97,^/@UE;F1O8FH-,B`P
M(&]B:CP\+U!A<F5N="`Q(#`@4B]!(#,@,"!2+U1I=&QE*/[_`$T`80!I`&P`
M(`!3`'0`;P!P`"``,P`U`#8`,2D^/@UE;F1O8FH-,R`P(&]B:CP\+T1;-38@
M,"!2+UA96B`P(#8R,R!N=6QL72]3+T=O5&\^/@UE;F1O8FH--"`P(&]B:CP\
M+T9I<G-T(#,T,2],96YG=&@@.#`R+T9I;'1E<B]&;&%T941E8V]D92].(#0T
M+U1Y<&4O3V)J4W1M/CYS=')E86T-"GC:Y)9-3QLQ$(;_BB4N[:'UQ]C>70E%
M"A]I4R!$)!4'U,.2F+`B[$;+IB7_OJ_720E2@?C`H>HAF1WOZV?&GG$<*9A@
M4K+4,JD8F8Q)8I2D3&IF#08-2S/#I&69AC!A60H/KP7!A5HDABF/P)>2L!:^
M`DS")U@+JT$5&,=4,O#!I<PRE2",5DSY<&G*%'B&-/-HDPI&X%E*&8%G4XR#
ME^`E)#))+-)%*@A&X*46.O`R)(XI,D-<RI":L`R9*V$4TQ(V2YD/B<!,$VPF
M&!Z5`D3[U%/HD!HA*9W`)M`A-8WU:?"TM<POP2!?`UZ"_3)^"0ANP,NL9/O[
M_,1OJF`7?)C7KFS&M7-^@Y^/#-QC<^)63/*+:N[.\H7??"\9KQ:.CYIZ.6EU
M%U75=#J>>H5Z0.#KT9HDF#28K#5*!".#4<%0,#J80%&!H@)%!8H*%`H4"A0*
M%`H4"A0*%`H4"A0*%`H4'2@Z4'2@Z$#1@:(#10>*#A3=4G[P(1JLW9$1'[E)
MPT_S<O;A>/#IR\''=D,&R_N'*^&;U<O;H7XY+THWNLVQA;UBMJP=/ZJKQ6&^
MV+CGR\9+^&B1EWRTO'Z8U,6BV;@+5V\/C,^[^!SBTVLMJE+<N6JY>8T2'E2/
M_*CXR6]=/BW*V9X2Q(=\4-7W^1P/Q^6TK!J'`7SU4,HG[WLY=?53+KUJ/J]^
MN>E7E-\/WVU2Z/5][#[OU?F]:V,]6Q]R7`M"4&2PI])+=[VG,C[L=/ZSKD$3
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M8F/NNZWYMP`#`+#P6]H-"F5N9'-T<F5A;0UE;F1O8FH--2`P(&]B:CP\+TYU
M;7-;,"`V(#`@4ET^/@UE;F1O8FH--B`P(&]B:CP\+U,O1#X^#65N9&]B:@TW
M(#`@;V)J/#PO0V]U;G0@,2]4>7!E+U!A9V5S+TMI9'-;-38@,"!273X^#65N
M9&]B:@TX(#`@;V)J/#PO4W5B='EP92]834PO3&5N9W1H(#0S,CDO5'EP92]-
M971A9&%T83X^<W1R96%M#0H\/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U
M33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/@H\>#IX;7!M971A('AM;&YS.G@]
M(F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2(S+C$M-S`Q(CX*("`@/')D9CI2
M1$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D
M9BUS>6YT87@M;G,C(CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O
M=70](B(*("`@("`@("`@("`@>&UL;G,Z<&1F/2)H='1P.B\O;G,N861O8F4N
M8V]M+W!D9B\Q+C,O(CX*("`@("`@("`@/'!D9CI0<F]D=6-E<CY!8W)O8F%T
M($1I<W1I;&QE<B`W+C`N-2`H5VEN9&]W<RD\+W!D9CI0<F]D=6-E<CX*("`@
M("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@
M<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D9G@](FAT='`Z+R]N
M<RYA9&]B92YC;VTO<&1F>"\Q+C,O(CX*("`@("`@("`@/'!D9G@Z0V]M<&%N
M>3Y314,\+W!D9G@Z0V]M<&%N>3X*("`@("`@("`@/'!D9G@Z4V]U<F-E36]D
M:69I960^1#HR,#`W,#$S,3$X,3@R.3PO<&1F>#I3;W5R8V5-;V1I9FEE9#X*
M("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I
M;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAA<#TB:'1T<#HO
M+VYS+F%D;V)E+F-O;2]X87`O,2XP+R(^"B`@("`@("`@(#QX87`Z0W)E871O
M<E1O;VP^06-R;V)A="!01$9-86ME<B`W+C`N-R!F;W(@5V]R9#PO>&%P.D-R
M96%T;W)4;V]L/@H@("`@("`@("`\>&%P.DUO9&EF>41A=&4^,C`P-RTP,BTP
M,E0Q-#HT.#HT-2TP-3HP,#PO>&%P.DUO9&EF>41A=&4^"B`@("`@("`@(#QX
M87`Z0W)E871E1&%T93XR,#`W+3`R+3`R5#$T.C0X.C,V+3`U.C`P/"]X87`Z
M0W)E871E1&%T93X*("`@("`@("`@/'AA<#I-971A9&%T841A=&4^,C`P-RTP
M,BTP,E0Q-#HT.#HT-2TP-3HP,#PO>&%P.DUE=&%D871A1&%T93X*("`@("`@
M/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F
M.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAA<$U-/2)H='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O;6TO(CX*("`@("`@("`@/'AA<$U-.D1O8W5M
M96YT240^=75I9#IC83AD,35C-RUE,C0X+30S930M864Q92UD9C<U-CAD-S,Y
M9&0\+WAA<$U-.D1O8W5M96YT240^"B`@("`@("`@(#QX87!-33I);G-T86YC
M94E$/G5U:60Z-S!C-S5A-3@M-F(U,RTT861D+6$V8S$M-3$P,S,S.31C8S8R
M/"]X87!-33I);G-T86YC94E$/@H@("`@("`@("`\>&%P34TZ5F5R<VEO;DE$
M/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL
M:3XS/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@
M/"]X87!-33I697)S:6]N240^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@
M("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@
M("!X;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B
M/@H@("`@("`@("`\9&,Z9F]R;6%T/F%P<&QI8V%T:6]N+W!D9CPO9&,Z9F]R
M;6%T/@H@("`@("`@("`\9&,Z=&ET;&4^"B`@("`@("`@("`@(#QR9&8Z06QT
M/@H@("`@("`@("`@("`@("`\<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B
M/E)E.CPO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI!;'0^"B`@("`@("`@
M(#PO9&,Z=&ET;&4^"B`@("`@("`@(#QD8SIC<F5A=&]R/@H@("`@("`@("`@
M("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3YP87)R871T<SPO
M<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO9&,Z
M8W)E871O<CX*("`@("`@("`@/&1C.G-U8FIE8W0^"B`@("`@("`@("`@(#QR
M9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI+SX*("`@("`@("`@("`@
M/"]R9&8Z4V5Q/@H@("`@("`@("`\+V1C.G-U8FIE8W0^"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<SIP:&]T;W-H;W`](FAT='`Z+R]N<RYA
M9&]B92YC;VTO<&AO=&]S:&]P+S$N,"\B/@H@("`@("`@("`\<&AO=&]S:&]P
M.FAE861L:6YE/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@
M("`@/')D9CIL:2\^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@
M/"]P:&]T;W-H;W`Z:&5A9&QI;F4^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N
M/@H@("`\+W)D9CI21$8^"CPO>#IX;7!M971A/@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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"CP_>'!A8VME="!E;F0](G<B/SX-"F5N9'-T<F5A;0UE;F1O8FH-
M.2`P(&]B:CP\+T-R96%T:6]N1&%T92A$.C(P,#<P,C`R,30T.#,V+3`U)S`P
M)RDO075T:&]R*'!A<G)A='1S*2]#<F5A=&]R*$%C<F]B870@4$1&36%K97(@
M-RXP+C<@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B870@1&ES=&EL;&5R(#<N
M,"XU(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`P-S`R,#(Q-#0X-#4M,#4G
M,#`G*2]#;VUP86YY*%-%0RDO4V]U<F-E36]D:69I960H1#HR,#`W,#$S,3$X
M,3@R.2DO5&ET;&4H4F4Z*3X^#65N9&]B:@UX<F5F#0HP(#4T#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#8V,S@@,#`P,#`@;@T*,#`P,#`P-C<P,B`P
M,#`P,"!N#0HP,#`P,#`V-S@P(#`P,#`P(&X-"C`P,#`P,#8X,S$@,#`P,#`@
M;@T*,#`P,#`P-S<R."`P,#`P,"!N#0HP,#`P,#`W-S8Q(#`P,#`P(&X-"C`P
M,#`P,#<W.#0@,#`P,#`@;@T*,#`P,#`P-S@S-2`P,#`P,"!N#0HP,#`P,#$R
M,C0P(#`P,#`P(&X-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0IT<F%I;&5R
G#0H\/"]3:7IE(#4T/CX-"G-T87)T>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----