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                            APPENDIX B

                LISTING OF ITEMS - PENDING ACTIONS


Form U-4 Disclosure

Question 22:

H1        Disclosure of an investment-related, consumer-initiated
          complaint or proceeding that alleged compensatory
          damages of $10,000 or more, fraud, or wrongful taking
          of property.

I         Disclosure of any complaint, investigation, or
          proceeding that could result in a "yes" answer to any
          final actions (see Appendix C).

     Disclosure of the RR being discharged or permitted to resign
     as a result of being accused of:

N1        Violating investment-related statutes, regulations, 
          rules, or industry standards of conduct.

N2        Fraud or the wrongful taking of property.

N3        Failure to supervise in connection with investment-
          related statutes, regulations, rules or industry
          standards of conduct.

CRD Action Code

ARP       Arbitration Decision (Pending)