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US$ Spread Product
Regional Dealer Inventory Sheets
Vicki Bligh, Sean Gordon

Tuesday, May 6, 2003

Amount
(000s) Moody's S&P Issue Ticker Coupon Maturity Spread Benchmark Comments

CORPORATES
195 Aa2 A+ NORWEST FINL INC WFC 5.38 9/30/03 EDSFFLAT 200mm Issue
1,500 A1 A+ MELLON FINANCIAL MEL 5.75 11/15/03 EDSF-1 300mm Issue
850 Baa3 BB+ CAPITAL ONE FINL COF 7.25 12/1/03 EDSF+155 125mm Issue
215 Aa3 A+ MORGAN ST DEAN W MWD 5.63 1/20/04 EDSF-1 Global, 2bln Issued
3,405 A2 /*- BBB GMAC GM 6.38 1/30/04 EDSF+90 MTN, 1.605505bln Issued
890 A2 A BEAR STEARNS CO BSC 6.15 3/2/04 EDSF+3 Global, 750mm Issue
5,600 A3 BBB+ TRANSAMERICA FIN AEGON 7.5 3/15/04 EDSF+25 200mm Issue
950 Aa2 A+ CITICORP C 7.13 3/15/04 EDSF-2 Subs, 200mm Issue
2,625 Ba2 BB(*+) CMS PANHANDLE HLDG CO CMS 6.13 3/15/04 $102.75
6,207 A2 A LEHMAN BROS HLDG LEH 6.63 4/1/04 EDSFFLAT Global, 1.25bln Issued
2,500 A1 A+ CHASE MANHAT CRP JPM 5.75 4/15/04 EDSF-1 500mm Issue
7,338 Aa1 AA- ASSOC CORP NA C 5.8 4/20/04 EDSF-3 Global, 1.5bln Issued
500 Aaa AAA AIG SUNAMERICA AIG 6.25 6/2/04 EDSF+10
1,750 Baa3 BBB SANTA FE SNYDER DVN 8.05 6/15/04 EDSF+50 Sr.Notes
565 Baa2 BBB CLEVE ELEC/TOLEDO EDISON FE 7.67 7/1/04 L+40
1,500 Baa1 BBB+ ALBERTSON'S INC ABS 6.55 8/1/04 L+40 Sr.Notes
1,767 Baa1 BBB+ /*- DISNEY (WALT) CO DIS 7.3 2/8/05 +70 T 1 5/8 04/30/05 Global,
4,000 A2 A VODAFON AIRTOUCH VOD 7.63 2/15/05 +28 T 1 5/8 04/30/05 Global,
2,936 Baa3 BBB- FRED MEYER INC KR 7.38 3/1/05 +93 T 1 5/8 04/30/05 Guaranteed
10 Baa1 BBB+ KINDER MORGAN ENER PARTKMP 8.000 3/15/05 +80 T 1 5/8 04/30/05
5,000 Baa2 BBB WEYERHAEUSER CO WY 5.5 3/15/05 +75 T 1 5/8 04/30/05 Global,
5,000 Baa1 BBB+ /*- AOL TIME WARNER AOL 5.63 5/1/05 +108 T 1 5/8 04/30/05 Global, Guaranteed
4,437 A2 /*+ A HOUSEHOLD FIN CO HSBC 8 5/9/05 +52 T 1 5/8 04/30/05 Global, 2bln Issued
1,000 A2 A AT&T CAP CORP CIT 6.6 5/15/05 +115 T 6 3/4 05/15/05 Domestic,Guaranteed, 300mm Issue
800 Baa2 NA WEYERHAEUSER CO WY 6.43 7/12/05 +125 T 1 5/8 04/30/05
485 Ba1 BBB RELIANT ENERGY RESOURCESCNP 8.13 7/15/05 +200 T 1 5/8 04/30/05
1,150 A2 /*- BBB GMAC GM 7.5 7/15/05 +230 T 1 5/8 04/30/05 Global, 2bln Issued
2,000 Aa3 A WACHOVIA CORP WB 7.45 7/15/05 +43 T 1 5/8 04/30/05 Global, Sr.Notes, 550mm Issue
1,985 Aa2 AA /*- KIMBERLY-CLARK KMB 4.5 7/30/05 +25 T 1 5/8 04/30/05 144A,
1,570 Baa3 BBB TCI COMMUN INC CMCSA 8 8/1/05 +125 T 6 1/2 08/15/05 Sr.Notes
3,350 A3 BBB FORD MOTOR CRED F 7.6 8/1/05 $105.75 Global, 4bln Issued
1,285 Aa3 A BANK ONE CORP ONE 7.63 8/1/05 +39 T 6 1/2 08/15/05 Global, 2bln Issued
1,470 A2 A CIT GROUP INC CIT 7.25 8/15/05 +115 T 6 1/2 08/15/05 350mm Issue
1,000 Baa3 BBB CONTINENTAL CABLEVISIONCMCSA 8.88 9/15/05 +150 T 1 5/8 04/30/05
75 Baa1 BBB+ CONAGRA INC CAG 9.88 11/15/05 +95 T 5 3/4 11/15/05 Sr.Notes
7,533 Baa3 BBB COMCAST CABLE CMCSA 6.38 1/30/06 +120 T 5 5/8 02/15/06 Sr.Notes
1,000 A3 BBB FORD MOTOR CRED F 6.88 2/1/06 $104 Global, 6.5bln Issued
4,280 A2 A CIT GROUP INC CIT 4.13 2/21/06 +115 T 5 5/8 02/15/06
5,000 Baa3 BBB-(*+) FRANCE TELECOM FRTEL 7.200 3/1/06 +80 T 3 02/15/08
5,325 Baa2 BBB SAFEWAY INC SWY 6.15 3/1/06 +120 T 5 5/8 02/15/06
5,000 A2 A BEAR STEARNS CO BSC 3 3/30/06 +50 T 5 5/8 02/15/06 Global, 1.25bln Issued
4,000 Ba1 BB+ DELHAIZE AMERICA DELBB 7.38 4/15/06 $106 Global, Guaranteed
5,000 Baa1 BBB PSEG POWER LLC PEG 6.63 4/15/06 +90 T 4 5/8 05/15/06
1,000 A3 BBB+ INGERSOLL-RAND IR 6.25 5/15/06 +57 T 4 5/8 05/15/06 Global,

Page 1
2,266 A2 A LEHMAN BROS HLDG LEH 6.25 5/15/06 +42 T 4 5/8 05/15/06 Global, 1.75bln Issued
935 A3 A- PSI ENERGY INC CIN 6.65 6/15/06 +35 T 4 5/8 05/15/06
5,620 Aa3 A BANK ONE CORP ONE 6.88 8/1/06 +44 T 7 07/15/06 Global, 1bln Issued
6,450 Aa2 AA WAL-MART STORES WMT 5.45 8/1/06 +20 T 4 5/8 05/15/06 Global, Sr.Notes
483 Baa2 BBB CSX CORP CSX 9 8/15/06 +105 T 7 07/15/06
285 Baa2 BBB ENERGY EAST CORP EAS 5.750 11/15/06 +80 T 3 1/2 11/15/06
2,000 Baa2 BBB+ /*- AT&T CORP T 7 11/15/06 +145 T 3 02/15/08 Global, Sr.Notes
1,400 Baa3 BB+ CAPITAL ONE FINL COF 8.75 2/1/07 $110.875 300mm Issue
5,000 Aaa AAA GEN ELEC CAP CRP GE 5 2/15/07 +5 T 3 02/15/08 Global, 1.25bln Issued
3,570 Aa2 A+ WELLS FARGO & CO WFC 5.13 2/15/07 +-2 T 3 02/15/08 Global, Sr.Notes, 1.5bln Issued
1,150 Baa2 BBB- DPL INC DPL 8.25 3/1/07 +200 T 3 02/15/08
5,000 Aa1 AA- CITIGROUP INC C 5 3/6/07 +4 T 3 02/15/08 Global, 1.5bln Issued
1,795 Aaa AAA GEN ELEC CAP CRP GE 5.38 3/15/07 +10 T 3 02/15/08 Global, 2.275bln Issued
5,750 Aa3 A+ MORGAN ST DEAN W MWD 5.8 4/1/07 +24 T 3 02/15/08 Global, 2.5bln Issued
5,000 Baa1 BBB+ /*- AOL TIME WARNER AOL 6.15 5/1/07 +104 T 3 02/15/08 Global, Guaranteed
75 Baa2 BBB CSX CORP CSX 7.45 5/1/07 +70 T 3 02/15/08
4,300 Baa1 BBB BANK UNITED CORP WM 8.88 5/1/07 +60 T 3 02/15/08 Subs, 220mm Issue
4,360 Ba1 BBB- WESTAR ENERGY INC WR 7.88 5/1/07 +120 T 3 02/15/08
5,000 Baa1 BBB+ /*- DISNEY (WALT) CO DIS 5.38 6/1/07 +65 T 3 02/15/08 Global,
3,650 A2 A CHASE MANHAT CRP JPM 7.25 6/1/07 +53 T 3 02/15/08 Subs, 300mm Issue
5,000 A3 BBB+ /*- KRAFT FOODS INC KFT 5.25 6/1/07 +100 T 3 02/15/08 Global,
5,000 Baa3 /*- BBB- TENET HEALTHCARE THC 5 7/1/07 +290 T 3 02/15/08 Sr.Notes
5,000 Aa2 AA WAL-MART STORES WMT 4.38 7/12/07 +5 T 3 02/15/08 Global,
1,000 Aa3 AA- /*- SOUTHWN BELL TEL SBC 6.63 7/15/07 +50 T 3 02/15/08
1,000 Baa2 BBB SAFEWAY INC SWY 4.8 7/16/07 +106 T 3 02/15/08
375 Baa1 BBB+(*-) TIME WARNER INC AOL 8.18 8/15/07 +155 T 3 02/15/08
600 A1(*-) BBB+(*-) SOUTHWESTERN ELEC POWER AEP 7 9/1/07 +70 T 3 02/15/08
3,120 Aa3 A BANK ONE CORP ONE 4.13 9/1/07 +19 T 3 02/15/08 Global, Sr.Notes, 500mm Issue
10,000 Aa2 AA CHEVRONTEXACO CP CVX 3.5 9/17/07 +9 T 3 02/15/08 Global, Guaranteed
1,000 A2 A CIT GROUP INC CIT 5.75 9/25/07 +95 T 3 02/15/08 Global, Sr.Notes, 850mm Issue
300 A2 A+ /*- CATERP FIN SERV CAT 5.13 10/15/07 +40 T 3 02/15/08
3,000 A3 A- CONOCOPHILLIPS COP 3.63 10/15/07 +20 T 3 02/15/08 Global, Guaranteed
2,700 Aa3 AA- GILLETTE COMPANY G 3.5 10/15/07 +18 T 3 02/15/08
800 Baa3 BBB UNION PACIFIC CO UNP 6.79 11/9/07 +70 T 3 02/15/08
375 Aaa AAA TIAA GLOBAL MKTS TIAAGL 4.13 11/15/07 +22 T 3 02/15/08 144A, 500mm Issue
5,000 Aa2 A+ BANK OF AMERICA BAC 3.88 1/15/08 +34 T 3 02/15/08 Global, Sr.Notes, 1bln Issued
2,000 Baa1 BBB CENDANT CORP CD 6.25 1/15/08 +140 T 3 02/15/08 Sr.Notes
1,850 Aa3 A+ CRED SUIS FB USA CRDSUI 4.63 1/15/08 +70 T 3 02/15/08 Global, 1.4bln Issued
3,558 A3 BBB+ DAIMLERCHRYS NA DCX 4.75 1/15/08 +108 T 3 02/15/08 Global, 2bln Issued
5,000 A3 A- /*- JOHN DEERE CAP DE 3.9 1/15/08 +56 T 3 02/15/08 Global,
5,700 Aaa AAA GEN ELEC CAP CRP GE 4.25 1/15/08 +47 T 3 02/15/08 Global, 1.5bln Issued
4,440 Aa3 A+ GOLDMAN SACHS GS 4.13 1/15/08 +55 T 3 02/15/08 Global, 2bln Issued
3,000 A2 /*+ A HOUSEHOLD FIN CO HSBC 4.63 1/15/08 +78 T 3 02/15/08 Global, 1.25bln Issued
6,000 A2 A+ /*- MCDONALD'S CORP MCD 5.95 1/15/08 +52 T 3 02/15/08
6,900 Aa2 A+ BANK ONE NA ILL ONE 3.7 1/15/08 +37 T 3 02/15/08 Bank Note, Global, 1bln Issued
5,117 A2 A LEHMAN BROS HLDG LEH 4 1/22/08 +59 T 3 02/15/08 Global, 1.5bln Issued
2,000 A2 A BEAR STEARNS CO BSC 4 1/31/08 +53 T 3 02/15/08 Global, 1bln Issued
5,020 Aa1 AA- CITIGROUP INC C 3.5 2/1/08 +44 T 3 02/15/08 Global, 3bln Issued
2,000 Baa3 BBB- CONSUMERS ENERGY CMS 6.38 2/1/08 +100 T 3 02/15/08
715 A1 A+ CONS EDISON CO OF NY ED 6.250 2/1/08 +45 T 3 02/15/08
2,500 A1 A+ JP MORGAN CHASE JPM 4 2/1/08 +56 T 3 02/15/08 Global, Sr.Notes, 1bln Issued
100 A1 A+ NATIONAL RURAL UTILITIESNRUC 6.2 2/1/08 +50 T 3 02/15/08
1,200 A1 A /*- FLEET FINL GROUP FBF 3.85 2/15/08 +59 T 3 02/15/08 500mm Issue
75 A2 A LEHMAN BROS INC LEH 6.63 2/15/08 +75 T 3 02/15/08
4,200 Aa3 A BANK ONE TEXAS ONE 6.25 2/15/08 +54 T 3 02/15/08 Bank Note, Subs, 500mm Issue
5,000 Baa1 BBB+ PHH CORP CD 6 3/1/08 +180 T 3 02/15/08
5,000 Baa3 BBB- FRED MEYER INC KR 7.45 3/1/08 +108 T 3 02/15/08 Guaranteed
2,000 A2 A+ TARGET CORP TGT 3.38 3/1/08 +35 T 3 02/15/08 Global,
6,850 A2 A SLM CORP SLMA 3.63 3/17/08 +51 T 3 02/15/08 Domestic,800mm Issue
6,000 A3 BBB+ POPULAR NA INC BPOP 4.25 4/1/08 +88 T 3 02/15/08 500mm Issue

Page 2
8,520 Aa3 A+ MORGAN STANLEY MWD 3.63 4/1/08 +64 T 3 02/15/08 Global, 1.5bln Issued
3,000 Aa2 A+ WELLS FARGO CO WFC 3.5 4/4/08 +42 T 3 02/15/08 Global, 1.1bln Issued
7,000 Aa3 A+ MERRILL LYNCH MER 3.7 4/21/08 +66 T 3 02/15/08 Domestic,850mm Issue
5,000 Baa1 BBB COX ENTERPRISES COX 4.38 5/1/08 +116 T 3 02/15/08 144A,
4,000 Aaa AAA GEN ELEC CAP CRP GE 3.5 5/1/08 +60 T 3 02/15/08 Global, 2bln Issued
2,000 A1 A+ JP MORGAN CHASE JPM 3.63 5/1/08 +65 T 3 02/15/08 Global, Sr.Notes, 500mm Issue
1,000 A3 A- PUBLIC SERVICE EL & GAS PEG 6.38 5/1/08 +70 T 3 02/15/08
4,000 NA NA CIT GROUP INC CIT 4 5/8/08 +125 T 3 02/15/08 Global, 500mm Issue
2,000 Baa1 A MONSANTO COMPANY MON 4 5/15/08 +103 T 3 02/15/08
6,488 A2 /*+ A HOUSEHOLD FIN CO HSBC 6.4 6/17/08 +91 T 3 02/15/08 Global, 1.75bln Issued
5,928 A1 A+ GTE NORTH INC VZ 5.650 11/15/08 +85 T 3 02/15/08
100 A2(*-) A- WISCONSIN ENERGY CORP WEC 5.5 12/1/08 +65 T 4 3/4 11/15/08
150 A3 A- DUKE ENERGY CORP DUK 5.38 1/1/09 +100 T 3 02/15/08
2,500 Baa1 BBB+ NEW CENTURY ENERGIES XEL 6.2 3/1/09 +95 T 4 3/4 11/15/08
500 Baa3 BBB- CLEAR CHANNEL COMMUNICATIONS
CCU 4.25 5/15/09 +140 T 3 02/15/08
1,000 Baa3 BBB COMCAST CABLE COMM CMCSA 6.88 6/15/09 +130 T 5 1/2 05/15/09
5,000 Aa2 AA WAL-MART STORES WMT 6.88 8/10/09 +41 T 6 08/15/09 Global, Sr.Notes
2,000 A3(*-) A- PPL ELECTRIC UTILITIES PPL 6.25 8/15/09 +58 T 6 08/15/09
4,460 Baa3 BBB- PSEG ENERGY HOLDINGS PEG 10 10/1/09 +300 T 6 08/15/09
5,000 A3 BBB FORD MOTOR CRED F 7.38 10/28/09 +285 T 3 7/8 02/15/13 Global, 5bln Issued
500 Baa2 BBB LOCKHEED MARTIN LMT 8.2 12/1/09 +65 T 6 08/15/09
25 Baa3 BBB- /*+ TRW INC NOC 6.25 1/15/10 +85 T 6 1/2 02/15/10
965 A1 A+ NATIONAL RURAL UTILITIESNRUC 5.7 1/15/10 +50 T 6 1/2 02/15/10
5,000 Aa3 A+ MORGAN STANLEY MWD 4.25 5/15/10 +86 T 6 1/2 02/15/10 Global, 1.25bln Issued
400 A3 A- VIACOM INC VIA 7.7 7/30/10 +25 T 3 7/8 02/15/13
1,711 Aa2 A+ CITIGROUP INC C 7.25 10/1/10 +38 T 3 7/8 02/15/13 Global, Subs, 4.25bln Issued
2,000 Caa2 B(*-) DYNEGY-ROSETON DANSKAMMEDYN 7.27 11/8/10 $97
2,000 Baa3 BBB-(*+) SPRINT CAPITAL CORP FON 7.625 1/30/11 $103.50
5,000 A3 BBB FORD MOTOR CRED F 7.38 2/1/11 +310 T 3 7/8 02/15/13 Global, 3bln Issued
395 Aa3 AA NORTHERN ILL GAS GAS 6.63 2/1/11 +40 T 3 7/8 02/15/13
4,000 A2 A CARDINAL HEALTH CAH 6.75 2/15/11 +48 T 3 7/8 02/15/13
5,000 Baa2 BBB HERTZ CORP F 7.4 3/1/11 +320 T 3 7/8 02/15/13 Global, 500mm Issue
2,500 A2 A+ UNITED TECH CORP UTX 6.35 3/1/11 +30 T 3 7/8 02/15/13
5,100 A2 /*- BBB GMAC GM 7.25 3/2/11 +260 T 3 7/8 02/15/13 Global, 2bln Issued
45 Baa2 BBB COX COMMUNICATIONS INC COX 6.75 3/15/11 +75 T 3 7/8 02/15/13
500 Baa1 BBB+(*-) AOL TIME WARNER INC AOL 6.75 4/15/11 +220 T 3 7/8 02/15/13
(1,370) A3 BBB+ CONSOLIDATED NATURAL GAS D 6.850 4/15/11 +80 BID T 3 7/8 02/15/13
2,350 Baa2 BBB CITIZENS COMMUNICATIONSCZN 9.250 5/15/11 +130 T 3 7/8 02/15/13
2,000 Ba3 BB+ GEORGIA-PACIFIC GP 8.13 5/15/11 $101
325 A1 BBB+ FLORIDA POWER CORP PGN 6.65 7/15/11 +50 T 3 7/8 02/15/13
6,356 A2 /*- BBB GMAC GM 6.88 9/15/11 +260 T 3 7/8 02/15/13 Global, 5.5bln Issued
5,000 A3 A+ SARA LEE CORP SLE 6.25 9/15/11 +55 T 3 7/8 02/15/13
6,000 Baa2 BBB DEVON FINANCING DVN 6.88 9/30/11 +72 T 3 7/8 02/15/13 Global, Guaranteed
2,000 Baa3 BBB TYSON FOODS INC TSN 8.25 10/1/11 +165 T 3 7/8 02/15/13 Global,
1,850 A1 A+ BELLSOUTH CORPORATION BLS 6.000 10/15/11 +50 T 3 7/8 02/15/13
2,500 A2 /*+ A HOUSEHOLD FIN CO HSBC 6.38 10/15/11 +86 T 3 7/8 02/15/13 Global, 2bln Issued
5,000 A3 BBB FORD MOTOR CRED F 7.25 10/25/11 +310 T 3 7/8 02/15/13 Global, 3.5bln Issued
2,000 A3 BBB+ /*- KRAFT FOODS INC KFT 5.63 11/1/11 +100 T 3 7/8 02/15/13 Global,
75 A3 A PACIFICORP SCOTPO 6.9 11/15/11 +60 T 3 7/8 02/15/13
5,000 Baa3 /*- BBB- TENET HEALTHCARE THC 6.38 12/1/11 +310 T 3 7/8 02/15/13 Sr.Notes
3,000 Aa3 A+ CRED SUIS FB USA CRDSUI 6.5 1/15/12 +92 T 3 7/8 02/15/13 Global, 2.75bln Issued
8,000 A3 BBB+ DAIMLERCHRYS NA DCX 7.3 1/15/12 +115 T 3 7/8 02/15/13 Global, Guaranteed, 1.5bln Issued
1,280 A2 /*- BBB GMAC GM 7 2/1/12 +260 T 3 7/8 02/15/13 Global, 1bln Issued
2,000 A3 A+ /*- BOEING CAP CORP BA 6.5 2/15/12 +140 T 3 7/8 02/15/13 Global,
5,000 A1 AA- SBC COMMUNICATIONS SBC 5.875 2/15/12 +65 T 3 7/8 02/15/13
5,000 Aa1 AA- CITIGROUP INC C 6 2/21/12 +51 T 3 7/8 02/15/13 Global, 1.5bln Issued
5,000 A2 A+ TARGET CORP TGT 5.88 3/1/12 +58 T 3 7/8 02/15/13 Global,
5,000 A3 A- /*- JOHN DEERE CAP DE 7 3/15/12 +82 T 3 7/8 02/15/13 Global,
1,300 Aa3 AA ELI LILLY LLY 6 3/15/12 +32 T 3 7/8 02/15/13 Global,
5,000 Baa2 BBB WEYERHAEUSER CO WY 6.75 3/15/12 +105 T 3 7/8 02/15/13 Global,

Page 3
3,675 Baa2 BBB MEADWESTVACO COR MWV 6.85 4/1/12 +100 T 3 7/8 02/15/13 Guaranteed
2,000 Baa1 BBB+ /*- SEARS ROEBUK ACC S 6.7 4/15/12 +175 T 3 7/8 02/15/13 Global,
3,000 Ba1 BBB- HCA INC HCA 6.95 5/1/12 +187 T 3 7/8 02/15/13 Sr.Notes
2,400 A2 /*+ A HOUSEHOLD FIN CO HSBC 7 5/15/12 +98 T 3 7/8 02/15/13 Global, 1.75bln Issued
2,000 A3 BBB+ /*- KRAFT FOODS INC KFT 6.25 6/1/12 +108 T 3 7/8 02/15/13 Global,
4,000 Baa3 /*- BBB- TENET HEALTHCARE THC 6.5 6/1/12 +315 T 3 7/8 02/15/13 Sr.Notes
2,000 Baa3 BBB- FALCONBRIDGE LTD FALCF 7.35 6/5/12 +175 T 3 7/8 02/15/13 Yankee,
5,590 Aaa AAA GEN ELEC CAP CRP GE 6 6/15/12 +69 T 3 7/8 02/15/13 Global, 3.85bln Issued
5,500 Baa3 BBB- KROGER CO KR 6.2 6/15/12 +113 T 3 7/8 02/15/13 Guaranteed
2,100 A2 BBB TAMPA ELECTRIC TE 6.88 6/15/12 +88 T 3 7/8 02/15/13
6,937 A2 A+ VERIZON GLOBAL FDG CORP VZ 6.875 6/15/12 +87 T 3 7/8 02/15/13
290 A1 A+ CONSOLIDATED ED CO NY ED 5.625 7/1/12 +45 T 3 7/8 02/15/13
2,300 Baa2 BBB SAFEWAY INC SWY 5.8 8/15/12 +123 T 3 7/8 02/15/13
7,200 Baa1 BBB TAMPA ELECTRIC TE 6.38 8/15/12 +88 T 3 7/8 02/15/13
5,990 Aa2 A+ CITIGROUP INC C 5.63 8/27/12 +69 T 3 7/8 02/15/13 Global, Subs, 1.5bln Issued
4,000 A2 /*- BBB GMAC GM 6.88 8/28/12 +260 T 3 7/8 02/15/13 Global, 2bln Issued
5,000 A3 A- PUBLIC SERVICE EL & GAS PEG 5.13 9/1/12 +50 T 3 7/8 02/15/13
5,000 Aa2 A+ BANK OF AMERICA BAC 4.88 9/15/12 +60 T 3 7/8 02/15/13 Global, Sr.Notes, 1bln Issued
5,000 A3 A- DOW CHEMICAL DOW 6 10/1/12 +110 T 3 7/8 02/15/13 Global,
10,000 A2 A PECO ENERGY CO EXC 4.75 10/1/12 +48 T 3 7/8 02/15/13
5,000 A1 A+ SOUTHERN CALIF GAS CO SRE 4.8 10/1/12 +48 T 3 7/8 02/15/13
5,000 Baa1 BBB+ PUBLIC SERVICE CO OF COLOXEL 7.88 10/1/12 +88 T 3 7/8 02/15/13
1,000 Ba1 BB+ BOWATER INC BOW 9.5 10/15/12 +325 T 3 7/8 02/15/13
5,000 Baa2 BBB INTL PAPER CO IP 5.85 10/30/12 +90 T 3 7/8 02/15/13 144A,
2,120 A2 /*+ A HOUSEHOLD FIN CO HSBC 6.38 11/27/12 +102 T 3 7/8 02/15/13 Global, 1.5bln Issued
2,540 A3 A CAMPBELL SOUP CO CPB 5 12/3/12 +60 T 3 7/8 02/15/13 Global,
3,015 A2 A JP MORGAN CHASE JPM 5.75 1/2/13 +104 T 3 7/8 02/15/13 Global, Subs, 1.75bln Issued
2,000 A3 A+ /*- BOEING CAP CORP BA 5.8 1/15/13 +142 T 3 7/8 02/15/13 Global,
4,000 Aa2 A+ BANK OF AMERICA BAC 4.88 1/15/13 +62 T 3 7/8 02/15/13 Global, Sr.Notes, 1bln Issued
2,000 Baa1 BBB CENDANT CORP CD 7.38 1/15/13 +167 T 3 7/8 02/15/13 Sr.Notes
5,000 Aaa AAA GEN ELEC CAP CRP GE 5.45 1/15/13 +75 T 3 7/8 02/15/13 Global, 2.5bln Issued
6,940 A1 A+ VERIAON FLORIDA INC VZ 6.125 1/15/13 +80 T 3 7/8 02/15/13
4,585 Aaa AAA ASIF GLOB FN XIX AIG 4.9 1/17/13 +68 T 3 7/8 02/15/13 #N/A
10,000 Aaa AAA GE COMPANY GE 5 2/1/13 +65 T 3 7/8 02/15/13 Global, 5bln Issued
5,000 Baa3 BBB- KROGER CO KR 5.5 2/1/13 +118 T 3 7/8 02/15/13
5,000 Baa3 /*- BBB- TENET HEALTHCARE THC 7.38 2/1/13 +340 T 3 7/8 02/15/13
2,000 A2 A+ /*- BOEING CO BA 5.13 2/15/13 +103 T 3 7/8 02/15/13 Global,
2,795 Baa1 BBB+ PHH CORP CD 7.13 3/1/13 +197 T 3 7/8 02/15/13
2,645 Aa3 A+ MORGAN STANLEY MWD 5.3 3/1/13 +93 T 3 7/8 02/15/13 Global, 2.75bln Issued
5,247 Baa3 BBB NISOURCE FINANCE CORP NI 6.15 3/1/13 +105 T 3 7/8 02/15/13
3,000 Baa1 BBB+ PUBLIC SERVICE COLORADO XEL 4.88 3/1/13 +80 T 3 7/8 02/15/13
3,000 Baa3 BBB VALERO LOGISTICS VLI 6.05 3/15/13 +150 T 3 7/8 02/15/13 144A,
3,325 Aa3 A+ VERIZON VIRGINIA INC VZ 4.625 3/15/13 +75 T 3 7/8 02/15/13
4,520 A2 A+ BECTON DICKINSON BDX 4.55 4/15/13 +45 T 3 7/8 02/15/13
9,000 A2 NA EMERSON ELECTRIC EMR 4.5 5/1/13 +56 T 3 7/8 02/15/13
10,000 Aa2 AA WAL-MART STORES WMT 4.55 5/1/13 +50 T 3 7/8 02/15/13 Global,
5,000 Aa2 A+ BANK OF AMERICA BAC 5.13 11/15/14 +83 T 3 7/8 02/15/13 Global, 1bln Issued
5,297 Baa3 BBB TXU CORP TXU 7.46 1/1/15 +130 T 4 3/4 11/15/08
10,000 A2 A VODAFONE GROUP PLC VOD 5.375 1/30/15 +102 T 3 7/8 02/15/13
2,000 Baa1 BBB CENDANT CORP CD 7.13 3/15/15 +195 T 3 7/8 02/15/13
2,500 Aa3 A US BANK NA USB 4.8 4/15/15 +86 T 3 7/8 02/15/13 Global, Subs, 500mm Issue
7,000 A1 A- BANK ONE CORP ONE 4.9 4/30/15 +96 T 3 7/8 02/15/13 Subs, 350mm Issue
5,000 A2 A JP MORGAN CHASE JPM 5.25 5/1/15 +126 T 3 7/8 02/15/13 Global, Subs, 750mm Issue
5,000 Aa2 A+ CITIGROUP INC C 4.88 5/7/15 +95 T 3 7/8 02/15/13 Global, 750mm Issue
505 Ba1 BBB- COLUMBIA/HCA HCA 7.19 11/15/15 +220 T 3 7/8 02/15/13
4,045 Aa3 A NATIONSBANK CORP BAC 7.8 9/15/16 +103 T 3 7/8 02/15/13 Subs, 450mm Issue
1,000 Baa1 BBB NORFOLK SOUTHERN NSC 7.7 5/15/17 +135 T 3 7/8 02/15/13
2,725 NA A+ ANHEUSER BUSCH BUD 4.5 4/1/18 +82 T 3 7/8 02/15/13
1,000 Aa3 AA PITNEY BOWES INC PBI 4.75 5/15/18 +87 T 3 7/8 02/15/13
1,425 A2 BBB PENNSYLVANIA ELECTRIC FE 6.625 4/1/19 +160 T 3 7/8 02/15/13

Page 4
2,000 Baa3 BBB-(*+) SPRINT CAPITAL CORP FON 6.900 5/1/19 $92.50
6,210 Baa2 BBB- ONCOR ELECTRIC DELIVERYTXU 7 9/1/22 +110 T 5 3/8 02/15/31
10 A2 A GEORGIA POWER COMPANY SO 5.88 12/1/22 +60 T 5 3/8 02/15/31
100 Baa1 BBB+(*-) TIME WARNER INC AOL 9.15 2/1/23 +225 T 5 3/8 02/15/31
30 Baa2 BBB LORAL CORP LMT 8.38 6/15/24 +120 T 5 3/8 02/15/31
1,449 A2 A VIRGINIA ELECTRIC & POWER D 8.25 3/1/25 $114.25
100 Baa1 BBB NORFOLK SOUTHERN NSC 7.8 5/15/27 +120 T 5 3/8 02/15/31
6,500 Baa1 BBB+ TALISMAN ENERGY TLM 7.25 10/15/27 +110 T 5 3/8 02/15/31 Yankee,
8,480 Baa1 BBB FORD MOTOR CO F 6.63 2/15/28 +350 T 5 3/8 02/15/31 300mm Issue
1,000 Baa1 A- NORDSTROM INC JWN 6.95 3/15/28 +155 T 5 3/8 02/15/31
550 Baa2 BBB+ AMER STORES CO ABS 7.1 3/20/28 +170 T 5 3/8 02/15/31
1,000 A2 A- FLEET FINL GROUP FBF 6.7 7/15/28 +95 T 5 3/8 02/15/31
2,000 A2 A ALLTEL CORP AT 6.800 5/1/29 +90 T 5 3/8 02/15/31
7,495 A3 BBB+ ROHM & HAAS CO ROH 7.85 7/15/29 +97 T 5 3/8 02/15/31
5,000 Baa3 BBB /*- AMERADA HESS AHC 7.88 10/1/29 +158 T 5 3/8 02/15/31
275 Aa3 AA- PROCTER & GAMBLE PG 8 10/26/29 +73 T 5 3/8 02/15/31
5,000 A3 A- DOW CHEMICAL CO DOW 7.38 11/1/29 +133 T 5 3/8 02/15/31
365 Aa3 A+ NEW ENG TEL & TEL VZ 7.875 11/15/29 +115 T 5 3/8 02/15/31
5,000 Baa2 BBB LOCKHEED MARTIN LMT 8.5 12/1/29 +110 T 5 3/8 02/15/31
1,190 A1 A+ BELLSOUH CAP FUNDING BLS 7.875 2/15/30 +85 T 5 3/8 02/15/31
1,630 Baa3 BBB+ DEUTSCHE TELEKOM INT FIN DT 8.250 6/15/30 +203 T 5 3/8 02/15/31
3,470 Baa1 BBB+ CONAGRA INC CAG 8.25 9/15/30 +111 T 5 3/8 02/15/31
5,750 Baa1 A- BRITISH TELECOM PLC BRITEL 8.625 12/15/30 +153 T 5 3/8 02/15/31
3,567 A3 BBB+ DAIMLERCHRYS NA DCX 8.5 1/18/31 +160 T 5 3/8 02/15/31 Global, Guaranteed, 1.5bln Issued
5,337 Baa2 BBB AT&T WIRELESS SVCS INC AWE 8.750 3/1/31 +195 T 5 3/8 02/15/31
2,000 Baa1 BBB FORD MOTOR CO F 7.45 7/16/31 +355 T 5 3/8 02/15/31 Global, 4.8bln Issued
1,290 Baa2 BBB CITIZENS COMMUNICATIONSCZN 9.000 8/15/31 +160 T 5 3/8 02/15/31
2,500 A2 /*- BBB GMAC GM 8 11/1/31 +280 T 5 3/8 02/15/31 Global, 4bln Issued
2,000 A3 BBB+ /*- KRAFT FOODS INC KFT 6.5 11/1/31 +120 T 5 3/8 02/15/31 Global,
3,000 Baa3 /*- BBB- TENET HEALTHCARE THC 6.88 11/15/31 +280 T 5 3/8 02/15/31 Sr.Notes
5,000 A3 A+ CINGULAR WIRELESS LLC CNG 7.125 12/15/31 +125 T 5 3/8 02/15/31
3,285 Baa3 BBB- SPRINT CAPITAL CORP FON 8.750 3/15/32 $107.75
3,000 Aaa AAA GEN ELEC CAP CRP GE 6.75 3/15/32 +80 T 5 3/8 02/15/31 Global, 5bln Issued
5,000 Baa2 BBB WEYERHAEUSER CO WY 7.38 3/15/32 +145 T 5 3/8 02/15/31 Global,
4,250 Baa2 A- AMERENENERGY GENERATING AEE 7.95 6/1/32 +110 T 5 3/8 02/15/31
5,895 Baa3 BBB+ DEUTSCHE TELEKOM INT FIN DT 9.250 6/1/32 +170 T 5 3/8 02/15/31
2,000 Baa1 BBB+ /*- SEARS ROEBUK ACC S 7 6/1/32 +185 T 5 3/8 02/15/31
3,100 A3 A- DETROIT EDISON CO DTE 6.350 10/15/32 +68 T 5 3/8 02/15/31
2,000 A2 A+ TARGET CORP TGT 6.35 11/1/32 +83 T 5 3/8 02/15/31
740 Baa2 BBB MEADWESTVACO COR MWV 6.8 11/15/32 +138 T 5 3/8 02/15/31 Guaranteed
5,000 A1 A+ UNILEVER CAPITAL ULVR 5.9 11/15/32 +67 T 5 3/8 02/15/31 Global, Guaranteed
5,000 Aa3 A+ GOLDMAN SACHS GS 6.13 2/15/33 +104 T 5 3/8 02/15/31 Global, 2bln Issued
10,000 Baa3 BBB /*- AMERADA HESS AHC 7.13 3/15/33 +151 T 5 3/8 02/15/31
5,000 Baa1 BBB+ DOMINION RESOURCES INC D 6.3 3/15/33 +107 T 5 3/8 02/15/31

US$ FLOATERS
8,500 A2 /*- BBB GMAC GM 10/15/03 Reoffer 1.80MMY NY Position
3ML+100, Q/Q Cusip: 37042WF22 Domestic MTN, 100mm Issue

15,000 A2 A CIT GROUP INC CIT 12/5/03 Reoffer L+15 NY Position

3ML+20, Q/Q Cusip: 12560PCJ8 Domestic MTN, 140mm Issue

1,700 Baa1 BBB+ /*- SEARS ROEBUK ACC S 1/7/04 Reoffer L+160 NY Position
3ML+295, Q/Q Cusip: 81240QMS8

4,750 A2 A CIT GROUP INC CIT 1/9/04 Reoffer L+35 NY Position

3ML+125, Q/Q Cusip: 12560PCQ2 Global, 160mm Issue

1,000 Baa1 BBB+ /*- SEARS ROEBUK ACC S 2/23/04 Reoffer L+165 NY Position
3ML+280, Q/Q Cusip: 81240QMT6

Page 5
35,000 Aa3 AA JOHN HANCOCK II JHF 7/1/04 Reoffer L+1 NY Position
3ML+5, Q/Q Cusip: 41011WAU4 Global, 192mm Issue

7,850 A2 A+ /*- CATERP FIN SERV CAT 6/6/05 Reoffer L+9 NY Position
3ML+25, Q/Q Cusip: 14912LU90 Domestic MTN, 193mm Issue

4,900 A2 /*+ A HOUSEHOLD FIN CO HSBC 6/17/05 Reoffer L+10 NY Position

3ML+30, Q/Q Cusip: 441812FZ2 Global, 195mm Issue

- - - - - - - - - -

Page 6
 CUSIP

669383DQ1
585510CH1
14040HAA3
617446DE6
37042WC58
073902BM9
893502BQ6
173034GK9
12589YAB5
524908BZ2
16161ABV9
046003KA6
EC1380996
80218KAA3
186118AH8
013104AD6
25468PBJ4
92857TAF4
592907AA7
494550AE6
962166BK9
00184AAD7
441812GL2
00206HH72
96216HBM1
75953GAB9
370425RS1
929771AQ6
494368AV5
872287AB3
345397SU8
06423AAF0
125569DQ3
211177AJ9
205887AB8
20029PAK5
345397TR4
125577AN6
35177PAJ6
786514BB4
073902CB2
246688AD7
69362BAC6
456866AQ5

Page 7
524908DD9
693627AV3
06423AAD5
931142BN2
126408AD5
29266MAC3
001957BB4
14040HAF2
36962GXR0
949746CH2
233293AE9
172967BK6
36962GXY5
617446HB8
00184AAE5
126408BK8
065412AC2
959425AT6
25468PBZ8
16161ABP2
50075NAG9
88033GAX8
931142BR3
845335BV9
786514BE8
887315AX7
845437AR3
06423AAR4
166760AA6
125581AC2
14911QFA4
20825CAD6
375766AK8
90782EGV0
87244HAB1
060505AW4
151313AQ6
22541LAF0
233835AU1
244217BJ3
36962GZZ0
38141GCS1
441812KC7
58013MDE1
06423EPM1
524908FD7
073902CA4
172967BS9
210518AP1
209111CX9
46625HAV2
637432CA1
339030AG3
524909AY4
06422KAA0
693320AE3
592907AB5
87612EAL0
78442FAN8
73318EAJ2

Page 8
617446HW2
949746EX5
59018YQU8
224050AR5
36962GB78
46625HAW0
744567FA1
125581AE8
61166WAB7
441812FY5
362337AM9
976657AD8
264399DL7
845743BF9
184502AQ5
20029PAM1
931142BE2
69351UAB9
69361LAC5
345397SM6
539830AL3
872649AP3
637432CJ2
61744AAN0
925524AJ9
172967AZ4
777774AE0
852060AJ1
345397TS2
665228BU5
14149YAF5
428040BQ1
913017BD0
370425RU6
224044BD8
00184AAB1
209615BV4
17453BAB7
373298BV9
341098BZ1
370425RX0
803111AK9
25179SAC4
902494AM5
079860AB8
441812JW5
345397TY9
50075NAB0
695114BU1
88033GAT7
22541LAC7
233835AT4
370425SC5
097014AG9
78387GAH6
172967BJ9
87612EAH9
244217BG9
532457AU2
962166BP8

Page 9
583334AA5
812404BJ9
404119AE9
441812JY1
50075NAH7
88033GAW0
305915AC4
36962GYY4
501044CD1
875127AS1
92344GAQ9
209111DZ3
786514BF5
875127AU6
172967BP5
370425SE1
74456QAJ5
060505AR5
260543BR3
693304AD9
842434CA8
744448BT7
102183AG5
460146BP7
441812KA1
134429AR0
46625HAT7
097014AH7
060505AX2
151313AP8
36962GZY3
923474AA8
045184AA6
369604AY9
501044CE9
88033GAY6
097023AT2
693320AF0
617446HR3
65473QAK9
744448BV2
91914CAB3
92345NAA8
075887AS8
291011AT1
931142BT9
060505AU8
882850CM0
92857WAD2
151313AS2
90333WAC2
06423AAV5
46625HAX8
172967BW0
197677AD9
638585AU3
655844AE8
035229CS0
72447WAA7
708696BM0

Page 10
852060AG78
68233DAR8
010392EB0
887315AM1
543859AK8
927804CV4
655844AJ7
87425EAE3
345370BT6
655664AH3
03009MBB1
338915AM3
020039AJ2
775371AU1
023551AF1
742718AV1
260543BJ1
644239AY1
539830AK5
079857AH1
25156PAC7
205887AX0
111021AE1
233835AQ0
00209AAF3
345370CA6
17453BAJ0
370425RZ5
50075NAC8
88033GAV2
17248RAJ5
852060AT9
36962GXZ2
962166BR4
023600XAJ6
25156PAD5
812404BK6
250847DU1
87612EAK2
583334AB3
904764AH0
38141GCU6
023551AM6
25746UAN9

37042WF22

12560PCJ8

81240QMS8

12560PCQ2

81240QMT6

Page 11
41011WAU4

14912LU90

441812FZ2

Page 12