-----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,
 Mj74UrE4gsGBGIBgWfP61VJhOayCMJ7ivAXdaYyP5t75Wa3/7AAbG/3dwfO3h/XA
 +P1wdMVNvkI1lYWNu5RhlQ==

<SEC-DOCUMENT>0000000000-08-012290.txt : 20080321
<SEC-HEADER>0000000000-08-012290.hdr.sgml : 20080321
<ACCEPTANCE-DATETIME>20080309131542
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-08-012290
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080309

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POLARIS INDUSTRIES INC/MN
		CENTRAL INDEX KEY:			0000931015
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		IRS NUMBER:				411790959
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340
		BUSINESS PHONE:		(763) 542-0500

	MAIL ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		STREET 2:		NONE
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C8@,"!O8FH-/#PO3&EN96%R:7IE9"`Q+TP@,3(Q
M.#0O3R`X+T4@-S4X.2].(#$O5"`Q,C`Q."]((%L@-C$V(#$W,UT^/@UE;F1O
M8FH-("`@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HV(#$V#0HP,#`P,#`P
M,#$V(#`P,#`P(&X-"C`P,#`P,#`W.#D@,#`P,#`@;@T*,#`P,#`P,#@X-R`P
M,#`P,"!N#0HP,#`P,#`Q,3,T(#`P,#`P(&X-"C`P,#`P,#$U-S,@,#`P,#`@
M;@T*,#`P,#`P,3DV-B`P,#`P,"!N#0HP,#`P,#`R,#`Q(#`P,#`P(&X-"C`P
M,#`P,#,S,#$@,#`P,#`@;@T*,#`P,#`P,S<P,"`P,#`P,"!N#0HP,#`P,#`S
M.#0Y(#`P,#`P(&X-"C`P,#`P,#8U-#(@,#`P,#`@;@T*,#`P,#`P-C<X-2`P
M,#`P,"!N#0HP,#`P,#`W,#0Q(#`P,#`P(&X-"C`P,#`P,#<R.3`@,#`P,#`@
M;@T*,#`P,#`P-S4Q,B`P,#`P,"!N#0HP,#`P,#`P-C$V(#`P,#`P(&X-"G1R
M86EL97(-"CP\+U-I>F4@,C(O4')E=B`Q,C`P."]2;V]T(#<@,"!2+TEN9F\@
M-2`P(%(O241;/$1"1$,Y034W,$4V-S-#-C,S,3`S13,S,S<S1C,Y130U/CPV
M1C$S0D(V03%&0S9"-#1%.#8X.#$W-C`P,#8P-T%#,CY=/CX-"G-T87)T>')E
M9@T*,`T*)25%3T8-"B`@("`@("`@("`@("`@("`-"C(Q(#`@;V)J#3P\+TQE
M;F=T:"`X."]&:6QT97(O1FQA=&5$96-O9&4O22`Q,#(O3"`X-B]3(#0P/CYS
M=')E86T-"GC:8F!@X&5@8#K%``12>@RH@!F(61@X%C`P.B")\D(Q`X,R`P^O
MXQ2Q!`9_P1QVK21>AKN\";N9%H#E&!D89'X`:28@M@)B5@8&W42(.,,M@``#
M`.CI"H4-"F5N9'-T<F5A;0UE;F1O8FH--R`P(&]B:@T\/"]-971A9&%T82`T
M(#`@4B]086=E<R`S(#`@4B]086=E3&%Y;W5T+T]N94-O;'5M;B]4>7!E+T-A
M=&%L;V<O4&%G94QA8F5L<R`Q(#`@4CX^#65N9&]B:@TX(#`@;V)J#3P\+T-R
M;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`S(#`@4B]#;VYT96YT<R`Q,B`P
M(%(O4F]T871E(#`O365D:6%";WA;,"`P(#8Q,B`W.3)=+U)E<V]U<F-E<SP\
M+T-O;&]R4W!A8V4\/"]#4S`@,3$@,"!2/CXO1F]N=#P\+U14,"`Y(#`@4B]4
M5#$@,3`@,"!2+U14,B`Q,R`P(%(O5%0S(#$T(#`@4CX^+U!R;V-3971;+U!$
M1B]497AT72]%>'1'4W1A=&4\/"]'4S`@,C`@,"!2/CX^/B]4>7!E+U!A9V4^
M/@UE;F1O8FH-.2`P(&]B:@T\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#$V(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P(#`@,"`P
M(#`@,"`P(#,S,R`S,S,@,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@
M-3`P(#4P,"`U,#`@-3`P(#4P,"`P(#4P,"`R-S@@,"`P(#`@,"`P(#`@-S(R
M(#`@-C8W(#<R,B`V,3$@,"`P(#<R,B`S,S,@,"`P(#`@.#@Y(#<R,B`W,C(@
M-34V(#`@,"`U-38@-C$Q(#`@,"`Y-#0@,"`P(#`@,"`P(#`@,"`P(#`@-#0T
M(#4P,"`T-#0@-3`P(#0T-"`S,S,@-3`P(#4P,"`R-S@@,"`P(#(W."`W-S@@
M-3`P(#4P,"`U,#`@-3`P(#,S,R`S.#D@,C<X(#4P,"`U,#`@-S(R(#4P,"`U
M,#!=+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y04TU4+T9I<G-T0VAA<B`S,B]%
M;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#3$P
M(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E<V-R:7!T;W(@,3<@
M,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;,C4P(#`@,"`P(#`@,"`P(#`@,"`P
M(#`@,"`P(#`@,C4P(#`@-3`P(#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@
M,"`P(#`@,"`P(#`@,"`P(#`@,"`V,3$@,"`P(#`@,"`P(#`@,"`P(#`@,"`X
M,S,@,"`P(#`@,"`P(#4P,"`P(#<R,B`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@
M-3`P(#`@-#0T(#4P,"`T-#0@,C<X(#`@,"`R-S@@,"`P(#(W."`W,C(@-3`P
M(#`@,"`P(#`@,S@Y(#(W."`P(#`@,"`P(#0T-%TO0F%S949O;G0O5&EM97-.
M97=2;VUA;E!3+4ET86QI8TU4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!
M;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#3$Q(#`@;V)J#5LO24-#
M0F%S960@,34@,"!270UE;F1O8FH-,3(@,"!O8FH-/#PO3&5N9W1H(#$R,CDO
M1FEL=&5R+T9L871E1&5C;V1E/CYS=')E86T-"DB)=%9+<^,V#+Y[IO\!1ZEC
M*:(>?NPMFVS;[4RVF4:=/3@]*#(5LR.+KDA;ZW^_`"F9LF,G!YDOX,.'#R`_
MYY.[AY<(2@61^0=5-I.[WW'J74WN\CP"!GDU8;%9Q4\R7\`\6H3+&>3;B0=^
M_M\D@H"%+(/\<9@(HRB:0UY",/SL(/]ULO(>><FW_M)[XRU:FT),B_Z_^9]H
M!+='M#&(T\'@NC>(9Z_\>"I$#2]:[B#)9NS&1@R"V2`,%.90,7+68[?@/Q_A
MG_`E!&.X:-90%:426U%S*#3,DUF8I7$895$4]J9[?AQX-@\744:_!^Q!/T5^
MTE%,!L/2P5F.X!":E??4AI!O)/%5*'C`@:AK),[R=2T:BOIA(W@%7W[P<J_%
M@<-?525*.C7X7)P.)<DI,<^R+EJAX&NSWOLS3^E6<!J5H747.'_G[F(61?"'
M>-]TQ1&0QU-R^%HTQ12>1--P)76!BTD:]8(9Z!JG*1ZER6%$,>"^Q/`R(_96
MWM_\$X`?H.-XC-N?>WL_'D/'0,;HDQ-Z%S?:B>=9A,*L1",,82R]AQ''R0D*
M6UX<B[W?4!MKN-^U*!AV7<[)2,RT';[)$-!8P%C*&)P+*9A9G5S()'9YC@?:
M'GG1@I&(4<6G6\Q>%<H8U'<.FP+C;OE!\`[#.<I]BR.UDXWB4'.M>7NRY$@T
MB6%9F"VLW)&5=:'Q_#=YP")?G!<YE9-QHS=\Q*Z+S.`*V(+L.7"5K&O9B>8=
M2KG=\D:'`,\U+Q3O$:Y!2R#`I_!MF+.^&M-TJ,;>`+P=P;0A@A</29,M:%[7
ML%>T/D3K:(MG%IXUZ&IYY>D-]@8MJ$HY=!O>$'_085)@U\J#6',RV@F]@0(Q
MN]!3!S;MP<X')C$R/_.0?@SW:V4X(_A(*D70\O_W7&EE4J:0<6?4-91X.2">
M.SY7WEJHLI:*BKSE(!JJD6JO]SBH1(U$4_5/86<Y+B5MJ/S4$ZUSXJJ36>0S
MJLT>.A&!=J%KL9PP;X:?$R6E:6<[GWGUT9)RKH?D4@_&M-/#D$316)F>05=&
M946M)/"38#-'<]:#S9(![(]=7:`I+8D&3--&=@:K:#2WTBII:;NKCYB)[Y1C
M;#S>"/#L0G*!M3]BO.,U18VI0WA',*D36%K&$<T79/)HJZ-XDWN4T^9JCU\8
M_(MPMAPTS8>R(`&3=8ETXB^UXR7.5:XRKE$1]+8<O;8'8*BWN@D+Q]O9<`\F
MMGUY%^WL:N\A$]'0>1JI^47#0=*QGV(\0VC+*>6%'W@[A8[J/A!*[6TG,3M?
M?[D"]T._Z)7?N]M)I8.8DJ:+FVV2KNY!*NT[QXI#6&J_P^KH:[&H4<>\EU&W
M.7ZX+:V6V5"+X]Y&^7_CM>"F*V*5#+6)@L;4W>S^#-\@<4\A<:`+BPVO0:33
M=`?1\G5XF<0`FS4>O'A;792=O1O/!/Q\Z@6Z0%69R$T5(.17+X[B5Q\O=Q8D
M";8#V^C&.@\_//"2F^^[.)P;D=I+MO][\?&N99[`3[KP&M]<V"6-J!S-I[5K
M-,I2K[:CH]TYM9\1BNO/R=L`'GUSV1?65P]`.)<XV;L$N_9D)Z4=$;@L&3[]
M.66WC#J)>3"/W[XK[UYKV3;\&-ROL0L=L&L*)?L'X)=\\E.``0`48P5>#0IE
M;F1S=')E86T-96YD;V)J#3$S(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y<&4O
M1F]N=$1E<V-R:7!T;W(@,3@@,"!2+TQA<W1#:&%R(#$Q."]7:61T:'-;,C4P
M(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P(#4P,"`U,#`@
M-3`P(#`@-3`P(#`@,"`U,#`@,"`P(#,S,R`P(#`@,"`P(#`@,"`W,C(@,"`P
M(#<R,B`P(#8Q,2`P(#`@,S@Y(#`@,"`P(#`@-S(R(#`@-C$Q(#`@-S(R(#`@
M,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`U,#`@,"`T-#0@-34V(#0T-"`S
M,S,@,"`P(#(W."`P(#`@,C<X(#`@-34V(#4P,"`U-38@,"`T-#0@,S@Y(#,S
M,R`U-38@-3`P72]"87-E1F]N="]4:6UE<TYE=U)O;6%N4%,M0F]L9$U4+T9I
M<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT
M/CX-96YD;V)J#3$T(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E
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M`,,,36R(J$!$$1$!19"@@`&CH4BLB&(A**A@#T@04&(PBJBH9$;62GQY>>_E
MY??'O=_:9^]S]]E[G[4N`"1/'RXO!98"()DGX`=Z.--7A4?0L?T`!GB``:8`
M,%GIJ;Y![L%`)"\W%WJZR`G\B]X,`4C\OF7HZ4^G@_]/TJQ4O@``R%_$YFQ.
M.DO$^2).RA2DBNTS(J;&)(H91HF9+TI0Q')BCEODI9]]%ME1S.QD'EO$XIQ3
MV<EL,?>(>'N&D"-BQ$?$!1E<3J:(;XM8,TF8S!7Q6W%L,H>9#@"*)+8+.*QX
M$9N(F,0/#G01\7(`<*2X+SCF"Q9PL@3B0[FDI&;SN7'Q`KHN2X]N:FW-H'MR
M,I,X`H&A/Y.5R.2SZ2XIR:E,7C8`BV?^+!EQ;>FB(EN:6EM:&IH9F7Y1J/^Z
M^#<E[NTBO0KXW#.(UO>'[:_\4NH`8,R*:K/K#UO,?@`ZM@(@=_\/F^8A`"1%
M?6N_\<5Y:.)YB1<(4FV,C3,S,XVX'):1N*"_ZW\Z_`U]\3TC\7:_EX?NRHEE
M"I,$=''=6"E)*4(^/3V5R>+0#?\\Q/\X\*_S6!K(B>7P.3Q11*AHRKB\.%&[
M>6RN@)O"HW-Y_ZF)_S#L3UJ<:Y$H]9\`-<H(2-V@`N3G/H"B$`$2>5#<]=_[
MYH,/!>*;%Z8ZL3CWGP7]^ZYPB?B1SHW['.<2&$QG"?D9BVOB:PG0@``D`17(
M`Q6@`72!(3`#5L`6.`(WL`+X@6`0#M8"%H@'R8`/,D$NV`P*0!'8!?:"2E`#
MZD$C:`$G0`<X#2Z`R^`ZN`GN@`=@!(R#YV`&O`'S$`1A(3)$@>0A54@+,H#,
M(`9D#[E!/E`@%`Y%0W$0#Q)"N=`6J`@JA2JA6J@1^A8Z!5V`KD(#T#UH%)J"
M?H7>PPA,@JFP,JP-&\,,V`GVAH/A-7`<G`;GP/GP3K@"KH./P>WP!?@Z?`<>
M@9_#LPA`B`@-44,,$0;B@O@A$4@LPD<V((5(.5*'M"!=2"]R"QE!II%W*`R*
M@J*C#%&V*$]4"(J%2D-M0!6C*E%'4>VH'M0MU"AJ!O4)348KH0W0-F@O]"IT
M'#H378`N1S>@V]"7T'?0X^@W&`R&AM'!6&$\,>&8!,PZ3#'F`*85<QXS@!G#
MS&*Q6'FL`=8.ZX=E8@78`NQ^[#'L.>P@=AS[%D?$J>+,<.ZX"!P/EX<KQS7A
MSN(&<1.X>;P47@MO@_?#L_'9^!)\/;X+?P,_CI\G2!-T"':$8$("83.A@M!"
MN$1X2'A%)!+5B=;$`"*7N(E803Q.O$(<);XCR9#T22ZD2)*0M)-TA'2>=(_T
MBDPF:Y,=R1%D`7DGN9%\D?R8_%:"(F$DX27!EM@H4271+C$H\4(2+ZDEZ22Y
M5C)'LESRI.0-R6DIO)2VE(L44VJ#5)74*:EAJ5EIBK2IM)]TLG2Q=)/T5>E)
M&:R,MHR;#%LF7^:PS$69,0I"T:"X4%B4+91ZRB7*.!5#U:%Z41.H1=1OJ/W4
M&5D9V66RH;)9LE6R9V1':`A-F^9%2Z*5T$[0AFCOER@O<5K"6;)C2<N2P25S
M<HIRCG(<N4*Y5KD[<N_EZ?)N\HGRN^4[Y!\IH!3T%0(4,A4.*EQ2F%:D*MHJ
MLA0+%4\HWE>"E?25`I76*1U6ZE.:5591]E!.5=ZO?%%Y6H6FXJB2H%*F<E9E
M2I6B:J_*52U3/:?ZC"Y+=Z(GT2OH/?09-24U3S6A6JU:O]J\NHYZB'J>>JOZ
M(PV"!D,C5J-,HUMC1E-5TU<S5[-9\[X67HNA%:^U3ZM7:TY;1SM,>YMVA_:D
MCIR.ETZ.3K/.0UVRKH-NFFZ=[FT]C!Y#+U'O@-Y-?5C?0C]>OTK_A@%L8&G`
M-3A@,+`4O=1Z*6]IW=)A0Y*ADV&&8;/AJ!'-R,<HSZC#Z(6QIG&$\6[C7N-/
M)A8F22;U)@],94Q7F.:9=IG^:J9OQC*K,KMM3C9W-]]HWFG^<IG!,LZR@\ON
M6E`L?"VV671;?+2TLN1;MEA.66E:15M56PTSJ`Q_1C'CBC7:VMEZH_5IZW<V
MEC8"FQ,VO]@:VB;:-ME.+M=9SEE>OWS,3MV.:5=K-V)/MX^V/V0_XJ#FP'2H
M<WCBJ.'(=FQPG'#2<TIP.N;TPMG$F>_<YCSG8N.RWN6\*^+JX5KHVN\FXQ;B
M5NGVV%W=/<Z]V7W&P\)CG<=Y3[2GM^=NSV$O92^65Z/7S`JK%>M7]'B3O(.\
M*[V?^.C[\'VZ?&'?%;Y[?!^NU%K)6]GA!_R\_/;X/?+7\4_S_SX`$^`?4!7P
M--`T,#>P-X@2%!74%/0FV#FX)/A!B&Z(,*0[5#(T,K0Q="[,-:PT;&25\:KU
MJZZ'*X1SPSLCL!&A$0T1LZO=5N]=/1YI$5D0.;1&9TW6FJMK%=8FK3T3)1G%
MC#H9C8X.BVZ*_L#T8]8Q9V.\8JIC9E@NK'VLYVQ'=AE[BF/'*>5,Q-K%EL9.
MQMG%[8F;BG>(+X^?YKIP*[DO$SP3:A+F$OT2CR0N)(4EM2;CDJ.33_%D>(F\
MGA25E*R4@52#U(+4D32;M+UI,WQO?D,ZE+XFO5-`%?U,]0EUA5N%HQGV&549
M;S-#,T]F26?QLOJR];-W9$_DN.=\O0ZUCK6N.U<M=W/NZ'JG];4;H`TQ&[HW
M:FS,WSB^R6/3T<V$S8F;?\@SR2O->[TE;$M7OG+^IORQK1Y;FPLD"O@%P]ML
MM]5L1VWG;N_?8;YC_XY/A>S":T4F1>5%'XI9Q=>^,OVJXJN%G;$[^TLL2P[N
MPNSB[1K:[;#[:*ET:4[IV![?/>UE]++"LM=[H_9>+5]67K./L$^X;Z3"IZ)S
MO^;^7?L_5,97WJERKFJM5JK>43UW@'U@\*#CP98:Y9JBFO>'N(?NUGK4MM=I
MUY4?QAS../RT/K2^]VO&UXT-"@U%#1^/\(Z,'`T\VM-HU=C8I-14T@PW"YNG
MCD4>N_F-ZS>=+88MM:VTUJ+CX+CP^+-OH[\=.N%]HOLDXV3+=UK?5;=1V@K;
MH?;L]IF.^(Z1SO#.@5,K3G5WV7:U?6_T_9'3:J>KSLB>*3E+.)M_=N%<SKG9
M\ZGGIR_$71CKCNI^<''5Q=L]`3W]E[PO7;GL?OEBKU/ON2MV5TY?M;EZZAKC
M6L=UR^OM?19];3]8_-#6;]G??L/J1N=-ZYM=`\L'S@XZ#%ZXY7KK\FVOV]?O
MK+PS,!0R='<X<GCD+OONY+VD>R_O9]R??[#I(?IAX2.I1^6/E1[7_:CW8^N(
MY<B94=?1OB=!3QZ,L<:>_Y3^TX?Q_*?DI^43JA.-DV:3IZ?<IVX^6_UL_'GJ
M\_GI@I^E?ZY^H?OBNU\<?^F;634S_I+_<N'7XE?RKXZ\7O:Z>]9_]O&;Y#?S
M<X5OY=\>?<=XU_L^[/W$?.8'[(>*CWH?NSYY?WJXD+RP\)L``P#WA//["@T*
M96YD<W1R96%M#65N9&]B:@TQ-B`P(&]B:@T\/"]3=&5M5B`X,B]&;VYT3F%M
M92]4:6UE<TYE=U)O;6%N4%--5"]&;VYT4W1R971C:"].;W)M86PO1F]N=%=E
M:6=H="`T,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V+T9O;G1"0F]X6RTU-C@@
M+3,P-R`R,#`P(#$P,#==+T%S8V5N="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.
M97<@4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N
M=$1E<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B:@TQ-R`P(&]B:@T\
M/"]3=&5M5B`W,2XW-#(O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3+4ET86QI
M8TU4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT5V5I9VAT(#0P,"]&;&%G<R`Y
M."]$97-C96YT("TR,38O1F]N=$)";WA;+30Y."`M,S`W(#$Q,C`@,3`R,UTO
M07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I;65S($YE=R!2;VUA;BDO0V%P2&5I
M9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP92]&;VYT1&5S8W)I<'1O<B])=&%L
M:6-!;F=L92`M,34^/@UE;F1O8FH-,3@@,"!O8FH-/#PO4W1E;58@,3,V+T9O
M;G1.86UE+U1I;65S3F5W4F]M86Y04RU";VQD350O1F]N=%-T<F5T8V@O3F]R
M;6%L+T9O;G1796EG:'0@-S`P+T9L86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT
M0D)O>%LM-34X("TS,#<@,C`P,"`Q,#(V72]!<V-E;G0@.#DQ+T9O;G1&86UI
M;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(96EG:'0@+34T
M-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH-
M,3D@,"!O8FH-/#PO4W1E;58@.#@O1F]N=$YA;64O07)I86Q-5"]&;VYT4W1R
M971C:"].;W)M86PO1F]N=%=E:6=H="`T,#`O1FQA9W,@,S(O1&5S8V5N="`M
M,C$Q+T9O;G1"0F]X6RTV-C4@+3,R-2`R,#`P(#$P,#9=+T%S8V5N="`Y,#4O
M1F]N=$9A;6EL>2A!<FEA;"DO0V%P2&5I9VAT(#<Q."]82&5I9VAT(#4Q-2]4
M>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH-,C`@
M,"!O8FH-/#PO3U!-(#$O3U`@9F%L<V4O;W`@9F%L<V4O5'EP92]%>'1'4W1A
M=&4O4T$@9F%L<V4O4TT@,"XP,CX^#65N9&]B:@TQ(#`@;V)J#3P\+TYU;7-;
M,"`R(#`@4ET^/@UE;F1O8FH-,B`P(&]B:@T\/"]3+T0^/@UE;F1O8FH-,R`P
M(&]B:@T\/"]#;W5N="`Q+U1Y<&4O4&%G97,O2VED<ULX(#`@4ET^/@UE;F1O
M8FH--"`P(&]B:@T\/"]3=6)T>7!E+UA-3"],96YG=&@@-#`Q-2]4>7!E+TUE
M=&%D871A/CYS=')E86T-"CP_>'!A8VME="!B96=I;CTB[[N_(B!I9#TB5S5-
M,$UP0V5H:4AZ<F53>DY48WIK8SED(C\^"CQX.GAM<&UE=&$@>&UL;G,Z>#TB
M861O8F4Z;G,Z;65T82\B('@Z>&UP=&L](D%D;V)E(%A-4"!#;W)E(#0N,"UC
M,S$V(#0T+C(U,SDR,2P@4W5N($]C="`P,2`R,#`V(#$W.C$T.C,Y(CX*("`@
M/')D9CI21$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R
M+S(R+7)D9BUS>6YT87@M;G,C(CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R
M9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z<&1F/2)H='1P.B\O;G,N
M861O8F4N8V]M+W!D9B\Q+C,O(CX*("`@("`@("`@/'!D9CI0<F]D=6-E<CY!
M8W)O8F%T($1I<W1I;&QE<B`X+C$N,"`H5VEN9&]W<RD\+W!D9CI0<F]D=6-E
M<CX*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I
M<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAA<#TB:'1T
M<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+R(^"B`@("`@("`@(#QX87`Z0W)E
M871O<E1O;VP^06-R;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0\+WAA<#I#
M<F5A=&]R5&]O;#X*("`@("`@("`@/'AA<#I-;V1I9GE$871E/C(P,#@M,#,M
M,#E4,3,Z,3,Z,CDM,#0Z,#`\+WAA<#I-;V1I9GE$871E/@H@("`@("`@("`\
M>&%P.D-R96%T941A=&4^,C`P."TP,RTP.50Q,SHQ,SHR-BTP-#HP,#PO>&%P
M.D-R96%T941A=&4^"B`@("`@("`@(#QX87`Z365T861A=&%$871E/C(P,#@M
M,#,M,#E4,3,Z,3,Z,CDM,#0Z,#`\+WAA<#I-971A9&%T841A=&4^"B`@("`@
M(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D
M9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID8STB:'1T<#HO+W!U<FPN
M;W)G+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@("`\9&,Z9F]R;6%T/F%P
M<&QI8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@("`@("`\9&,Z8W)E871O
M<CX*("`@("`@("`@("`@/')D9CI397$^"B`@("`@("`@("`@("`@(#QR9&8Z
M;&D^<VAE<'!A<F1L/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*
M("`@("`@("`@/"]D8SIC<F5A=&]R/@H@("`@("`@("`\9&,Z=&ET;&4^"B`@
M("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@("`@("`\<F1F.FQI('AM
M;#IL86YG/2)X+61E9F%U;'0B/E)E.CPO<F1F.FQI/@H@("`@("`@("`@("`\
M+W)D9CI!;'0^"B`@("`@("`@(#PO9&,Z=&ET;&4^"B`@("`@(#PO<F1F.D1E
M<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB
M(@H@("`@("`@("`@("!X;6QN<SIX87!-33TB:'1T<#HO+VYS+F%D;V)E+F-O
M;2]X87`O,2XP+VUM+R(^"B`@("`@("`@(#QX87!-33I$;V-U;65N=$E$/G5U
M:60Z8C$U-S9E.6(M,3!E,BTT869A+6$S86$M83$U-V(W,#AF8C4Y/"]X87!-
M33I$;V-U;65N=$E$/@H@("`@("`@("`\>&%P34TZ26YS=&%N8V5)1#YU=6ED
M.C8Q-60U-S`R+35B-V,M-&(S,RTY.69F+68Y-#<S93,W93EB-3PO>&%P34TZ
M26YS=&%N8V5)1#X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR
M9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS
M.G!D9G@](FAT='`Z+R]N<RYA9&]B92YC;VTO<&1F>"\Q+C,O(CX*("`@("`@
M("`@/'!D9G@Z0V]M<&%N>3Y314,\+W!D9G@Z0V]M<&%N>3X*("`@("`@/"]R
M9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B
M;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D9F%I9#TB:'1T<#HO+W=W=RYA
M:6EM+F]R9R]P9&9A+VYS+VED+R(^"B`@("`@("`@(#QP9&9A:60Z<&%R=#XQ
M/"]P9&9A:60Z<&%R=#X*("`@("`@("`@/'!D9F%I9#IC;VYF;W)M86YC93Y"
M/"]P9&9A:60Z8V]N9F]R;6%N8V4^"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:@T\/"]#<F5A=&EO;D1A=&4H1#HR,#`X,#,P.3$S,3,R-BTP-"<P
M,"<I+T%U=&AO<BAS:&5P<&%R9&PI+T-R96%T;W(H06-R;V)A="!01$9-86ME
M<B`X+C$@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B870@1&ES=&EL;&5R(#@N
M,2XP(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`P.#`S,#DQ,S$S,CDM,#0G
M,#`G*2]#;VUP86YY*%-%0RDO5&ET;&4H4F4Z*3X^#65N9&]B:@UX<F5F#0HP
M(#8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P-S4X.2`P,#`P,"!N#0HP
M,#`P,#`W-C(S(#`P,#`P(&X-"C`P,#`P,#<V-#<@,#`P,#`@;@T*,#`P,#`P
M-S8Y."`P,#`P,"!N#0HP,#`P,#$Q-SDP(#`P,#`P(&X-"G1R86EL97(-"CP\
B+U-I>F4@-CX^#0IS=&%R='AR968-"C$Q-@T*)25%3T8-"C\_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----