============= Page 1 of 12 ============= Statement Period: August 1, 2000 through August 31, 2000 Last Statement: July 31, 2000 Schwab One Account of JEFFREY K SKILLING 1912 NORTH BLVD HOUSTON TX 77098-5418 O tJ J J O O O Ch O E8G2901-016047 217356 EXH008-00817 Please call us if you have a new address. Account Number: 8110-6673 Customer Service and Account Information Customer Service and Trading: ' Call your Schwab Signature Platinum Pinnacle team 1 (800) 840-5514 Ih N- N TeleBroker®: 0 1 (800) 272-4922 00 v Local Office: S PENNZOIL BUILDING c) rn 711 LOUISIANA SOUTH TOWER J HOUSTON, TX 77002 U? 0 Visit Our Web Site: `* Z o schwab.com ~ J J Q Y m X U) -r P N Y c Z (D 0 O w T Z U) o ii- N c~ W 01 =O SCHWAS Slgnah[T¢ SERVICES" 152/ GOVERNMENT EXHIBIT 2138 Crim. No. H-04-25 (S-2) ============= Page 2 of 12 ============= H ''i'1 r O tJ J J O O O t!1 O Terms and Conditions Key Terms Average Daily Balance: An average daily composite of all cash balances that earn interest and all loans from Charles Schwab & Co., Inc. ("Schwab") that are charged interest. The interest cycle may differ from the statement cycle. Interest accrues from the second-to-last business day of the rior month and is posted on the second-to-least business day of the current month. Asset Allocation: This section represents your distribution of assets among different asset classes including stocks options, mutual funds, bonds and other assets (includes mortgage backed securities). The % column may not total to exactly 100% due to rounding. Buying Power: The amount available to you as of the last day of the statement period for the purchase of marginable securities. Cash Available: The amount of credit Schwab may extend to you based on the holdings in your margin account. Margin Account Equity/Margin Account Equity %: Equity position in your margin account, including options if ap licable, as of the last day of the statement period. The ercentage indicates the ratio of Margin Account Equity to the total market value of the margin account. Margin Interest Paid: The interest charged for loans in your brokerage Account. Margin interest will be charged in accordance with the terms of the Account Agreement. Margin Loan Outstanding: This is the amount of the loan in your brokerage Account as of the last day of the statement period. Mar in interest is calculated on this figure less any Cash held in the Margin Account Customers: This is a combined statement of your margin subaccount and special memorandum subaccount maintained for you under Section 4(1)(6) of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the separate subaccount as required by Regulation T is available for your inspection. Option Customers: Please be aware of the will anise assignment notices are allocated among customer want to an automated procedure acts from amon all customer 1s those contracts which are Non-Standard Assets: As discussed in Schwab's Non-Standard Asset Agreement, Non-Standard Asset pricing is provided by a third party and Cash & MMF: Added/Subtracted: The total of all u(chases, sales, deposits, withdrawals, ATM sacti ns d d h k t VISA d bit account. ield indicated are current it r k t M Th M Schwab is not responsible for the accuracy or timeliness of that pricing. car , an c ec ran o e )rocessed during the statement period. This i : e on o e y s ar as of the last day of the statement period. The S IN CASE OF QUESTIONS OR ERRORS: If you sti bo t this st m nt ecifi h t ons figure does not include purchases and redempt of Sweep Money Market Funds that result from weep i yelds are based on historical performance. ields are 7 day annualized yields. money Market Fund a ave que ons a u e e or sp c MoneyLink®, Schwab One® or Schwab Access® these transactions. y Future ields will fluctuate. Before investing in any weep Money Market Fund, carefully read the transactions, contact Schwab at 1-800-435-40000 Cash & MMF: Starting Value: The starting value is the balance of Cash and Sweep Money h ld i t l s k t F d h A M prospectus which is available through Schwab. Also shown are percentage changes for several b f t t di Th Brokerage Transactions: If you find errors or omissions relating to your brokerage activity you must us within 10 business da s of receivin this notif n your ccoun , es ar e un s ares e anY Margin Loan Outstanding at the beqinninp of the statement period. It is shown as Cash & V or ese are mean o e ces. broad based in reference only. g y y statement. If you do not notify us of such errors of omissions within 10 business days after you receive h t h h i i alue on the prior statement. MMF: Ending Total Ending Account Value: The value of your Account at te end of the statement period. act t e statement, you agree t at t e statemen v ty and account balance are correct for all purposes with Change in Value: This figure indicates the growth or decline (including securities deposited h i l f i Total Starting Account Value: The total value of respect to those brokerage transactions. ease notify Schwab promptly in writing of any change of address If h b f il if drawn) n the va ue o your nvestments or wit (excluding cash and Sweep Money Market Funds) rin the statement eriod net f transaction d your Account shown on your prior statement, which reflects the value of your Account at the end of the one num you to not or p ers(s). a y us, you may not receive important notifications about your d tradin or other s mi A nt a estricti ht be u g p , o costs. previous period. g g ccou , n r on placed on your Account. If this statement shows that General Information we have mailed or delivered security certificate(s) Dividends Pending: The dividend due on your Account for any equity or mutual fund that declares a distribution where the record date falls before statement month-end and the pay date falls in a a subsequent month. Note: Our ability to provide this information and pay distributions depends on our receipt of information and payments from the paying agent before the last business day of the statement period. Free Credit Balance: Any free credit balance represents funds payable upon demand which, although properly accounted for on our books of record, are not segregated and may be used in the conduct of this firm's business. Investment Detail: If available bonds will have credit ratings from Moody's and Standard & Poor's Investments: Purchased/Sold: The total of all purchases/sales settled in the statement period, including commissions and fees. Investments: Starting Value: The value of EBG2901-016047 217357 positions held in your Account at the beginning of the statement period. It is shown as Investments: Ending Value on the prior statement Latest Price: The most recent price evaluation available on the last business day of the statement Geriod, normally the last trade price or bid. npriced Securities denotes that no market evaluation update is currently available. Price evaluations are obtained from outside vendors. Schwab does not guarantee the accuracy of such values and prices. that you have not received. notify Schwab imme iately. This account statement is furnished solely by Schwab for your account. If you receive any other communication from any source oter than Schwab, which purports to represent your holdings at Schwab, you should verity its content with this statement. If you need further information, contact Schwab. AIP (Automatic Investment Plan) Customers: Schwab receives a remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab the additional information normally detailed on a trade confirmation will be provided upon request. Dividend Reinvestment Customers: Dividend reinvestment transactions were effected by Schwab acting as a principal for its own account, except for the reinvestment of Schwab dividends for which an independent broker-dealer acted as the buying agent. The time of these transactions, the exchange upon which these transactions occurred and the name of the person from whom the security was purchased will be furnished upon written request. Wire Transfer and Check Transactions: You must promptly examine your statement upon receipt. If you find that your records and ours disagree or if you a wire transter or cneck transaction or cement is altered or forged, call us at 800-421-4488. In addition, you must fig or stolen checks to us immediately, ' same number. If you do not notify us he unauthorized wire transfer or rgery, alteration or fraudulent check nthin 10 days after we send, or make ur statement to You. You agree that the or other unauthorized check erred on your Account, you agree to the investigation of your claim. us an affidavit containing whatever that we the circumstances surroundin any claimed wire transfer or check loss and thatwe ghave no obligation to provisionally credit your Account. Electronic Fund Transfers: In case of errors or questions about your electronic fund transfers, or if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt, call us toll-free as soon as you can at 800-435-4000. Alternatively, you may write us at the following addresses: For MoneyLinktransfer errors or questions, please write to Charles Schwab & Co., Inc., Mone Link Support Services, 101 Montgomery St., San Francisco, CA 94104. For any other errors or questions regarding We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. If you tell us orally, we may still require you to send us your complaint or question in writing within 10 business days. We need the following information: your name and Account number; Visa debit card number; a description of the error or the transfer you are unsure about; a clear explanation of why you believe it is an error or why you need more information; and the dollar amount of the suspected error. We will investigate our complaint and will correct any error promptly. If we take more than 10 business days to do this, we will provisionally credit your account for the amount you think is in error, so that you will have the use of the money during te time it takes us to complete our invests ation. The time periods in this paragraph are extended to 20 business days if you are a new customer and the error or question concerns an electronic transaction that occurred within 30 days after the first deposit to the Account was made. Additional Information: The yield information for the Sweep Money Market Funds reported on your statement is based on historical performance. Future Velds will fluctuate. Before investing in any of these funds, careful)Y read the prospectus, which is available through Schwab. We are required by law to report to the Internal Revenue Service certain payments to you and credits to your Account during the calendar year. Please retain this statement for income tax pu oses. Schwab acts as the Transfer Agent an dShareholder Service Agent and as the Distributor for the Schwab Money Funds, and Schwab or an affiliated company acts as the Investment Advisor and Administrator for the Schwab Money Funds. Schwab, or its affiliated company is compensated by the Schwab Money Funds for acting in each of these capacities other than as Distributor. The amount of such compensation is disclosed in the .rospectus for the Schwab Money Funds, and adds iional information will be provided in response to written request. A financial statement for Charles Schwab & Co., Inc. is available upon your written request. Schwab 1000 Index® is a registered trademark of Charles Schwab & Co., Inc. S & P 500 Index® is a registered trademark of the Standard & Poor's Corporation. Moody's Investment Rating is a rating assigned by Moody's Investors Service- (0000-1705) MKT 4214 (05/00) EXH008-00818 ============= Page 3 of 12 ============= H I 0 N J J `r1 O O O (l1 Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Asset Allocation Change In Account Value Amount % This Period: Starts 08/01/00 and ends 08/31/00 Cash and Money Market Fu nds (MMF): Year to Date: Starts 01/01/00 Cash (Credits) $266.25 <1% This Period Year to Date MMF (Sweep) 943,849.29 1 % Fixed Income 614,024.50 <1% Starting Account Value $ 64,001,930.08 $ 43,158,471.39 Stocks 70,318,952.38 98% Total Assets Long $ 71,877,092.42100% Cash & MMF: Starting Value $ 2,283,127.51 $ 182,040.66 Margin Loan Outstanding $0.00 Added 15,493.52 9,716,399.56 Subtracted (1,354,505.49) (8,954,324.68) Total Account Value $ 71,877,092.42 Ending Value $ 944,115.54 944,115.54 Investments: Starting Value $ 61,718,802.57 $ 42,976,430.73 Purchased 0.00 0.00 Received In 0.00 1,029,303.00 Sold (1,799.08) (9,408,025.96) Delivered Out 0.00 0.00 Net Change in Investments 9,215,973.39 36,335,269.11 Ending Value $ 70,932,976.88 $ 70,932,976.88 Ending Account Value $ 71,877,092.42 $ 71,877,092.42 Asset Allocation Change in Account Value $ 7,875,162.34 $ 28,718,621.03 Remaining Assets 2% E8G2901-016047 217358 Margin Account Summary Buying Power $ 1,089,840.00 Cash Available 460,955.00 Margin Account Equity 648,226.00 Margin Account Equity % 100% Margin Loan Interest Rate as of 8131100 was 9.250% - 10.750% Noted for Your Account Investment Income during this period was $13,669.44 You receive special Schwab Signature Services commission rates. Market monitor Schwab Muni MMF 3.57% Indices Year to Date Chance Dow Jones Industrial Average (2.45)% Standard & Poor's 500 Index® 3.30% Schwab 1000 Index® 4.33% NASDAQ Composite Index 3.37% -XH008-00819 ============= Page 4 of 12 ============= Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Investment Detail Quote Quantity Latest Total Description Symbol Long/Short Price Market Value Cash and Money Market Funds (Sweep) CASH $266.25 SCH MUNI MONEY FUND SWXXX 943,849.2900 L $ 1 943,849.29 Total Market Value of Cash and Money Market Funds (Sweep) $ 944,115.54 Fixed Income: Municipal Bonds ADDISON TEX 5.25%1 0(M) 10,000 L $100.7170 $10,071.70 CTFS OBLIG DUE 08/15/10 COMB TAX & REV AMBAC AAA/AAA CURRENT YIELD 5.21262 ARLINGTON TEX 5.10%07(M) 50,000 L 101.1720 50,586.00 PERM IMPT DUE 08/15/07 SER A AA2/AA CURRENT YIELD 5.04092% BROWNSVILLE TEX 5.375%12(M) 50,000 L 100.7160 50,358.00 GENL OBLIG DUE 02/15/12 RFDG AMBAC AAA/AAA CURRENT YIELD 5.33678 GRANBURYTEX 5.20%08(M) 50,000 L 102.3360 51,168.00 UTIL SYS DUE 09/15/08 SER B COMB TAX AMBAC AAA/AAA CURRENT YIELD 5.0813 LUBBOCK TEX HLTH 5.50%14(M) 50,000 L 104.5750 52,287.50 FACS DEV DUE 12/01/14 CORP HOSP REV AMBAC AAA/AAA CURRENT YIELD 5.25938% MINERAL WELLS TX 5.50%09(M) 50,000 L 100.9840 50,492.00 GENL OBLIG DUE 02/01/09 RFDG AMBAC AAA/AAA CURRENT YIELD 5.4464% H O N J J O O O V1 N (M) Assets held in margin account E802901-016047 217359 -XH008-00820 ============= Page 5 of 12 ============= Account of JEFFREY K WILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Investment Detail (continued) Quote Quantity Latest Total Description Symbol Long/Short Price Market Value Fixed Income: Municipal Bonds (continued) NORTH RICHLAND 4.25%10(M) 40,000 L $92.9020 $37,160.80 HILLS TEX DUE 02/15/10 CTFS OBLIG TAX AMBAC AAA/AAA CURRENT YIELD 4.57471 NUECESCNTYTEX 5.40%06(M) 50,000 L 102.0160 51,008.00 HOSP DIST DUE 07/01/06 RFDG COMB TAX FGIC AAA/AAA CURRENT YIELD 5.29328% TEXAS A & M 4.90%05(M) 50,000 L 101.0470 50,523.50 UNIV PERM DUE07/01/05 UNIV FD RFDG AAA/AAA CURRENT YIELD 4.84922 TEXAS ST 5.25%11 (M) 50,000 L 102.3930 51,196.50 GENL OBLIG DUE 10/01/11 SER B AA1/AAA CURRENT YIELD 5.1273% Fixed Income: CMO & Asset Backed Securities FEDL NATL MTG ASSN 8%19 580,000 L $101.0100 $ 159,172.50 REMIC DUE 07/25/19 SER 198937CLG FACTOR= .271691270 AMORT AMT=$157,580.94 CURRENT YIELD 7.92 Total Market Value of Fixed Income $ 614,024.50 Stocks AZURIX CORP AZX 20,000 L $4.7500 $95,000.00 CIi H Tj 0 t') J (M) Assets held in margin account i O O O (.11 E8G2901-016047 217360 W =XH008-00821 ============= Page 6 of 12 ============= Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Investment Detail (continued) Quote Quantity Latest Total Description Symbol Long/Short Price Market Value Stocks (continued) DREYFUS STRATEGIC MUNS(M) LEO 2,500 L $8.6250 $21,562.50 ENRONCORP ENE 825,111 L 84.8750 70,031,296.13 KEMPER STRATEGIC MUNI(M) KSM 2,500 L 11.0625 27,656.25 INCOME TR SHS OF BEN INT M F S MUNI INC TRUST(M) MFM 2,500 L 8 20,000.00 MUNICIPAL HIGH INCOME FD(M) MHF 2,500 L 8.4375 21,093.75 NUVEEN PREM INCM MUN FD(M) NPI 2,500 L 12.2500 30,625.00 PUTNAM HIGH YLD MUNI TR(M) PYM 2,500 L 8.2500 20,625.00 SBI PUTNAM INVT GRADE MUN TR(M) PGM 2,500 L 10.6250 26,562.50 PUTNAM MANAGED MUNI INCM(M) PMM 2,500 L 9.8125 24,531.25 SHS BEN INT Total Market Value of Stocks $ 70,318,952.38 Less: Margin Loan Outstanding $0.00 Total Account Value $71 ,877,092.42 Value of Assets Held in Cash Account $ 71,229,317.92 Value of Assets Held in Margin Account $ 647,774.50 Crl H 71 0 (M) Assets held in margin account J J E8G2901-016047 217361 O O --XH008-00822 ============= Page 7 of 12 ============= Account of JEFFREY K SKILLING Transaction Detail Investments Purchased and Sold Settle Trade Quote Date Date Transaction Description Symbol Quantity Unit Price Purchase/Debit Sales/Credit Fixed Income Activity (including redemptions and return of principal) 08/25 08/25 Principal Payment FEDL NATL MTG ASSN 8%19 N/A $1,799.08 REMIC DUE 07/25/19 Total Fixed Income Activity Total Investments Purchased and Sold $1,799-081 CrJ H 0 N J J O O O Ch Cash Activity Check Number Date Paid Check Activity SCHWAB ONE CHECK 0521 08/07 SCHWAB ONE CHECK 0522 08/24 SCHWAB ONE CHECK 0523 08/22 SCHWAB ONE CHECK 0524 08/30 Total Check Activity Trans Process Date Date Transaction Description Deposit and Withdrawal Activity 08/18 08/18 Funds Paid WIRED FUNDS DISBURSED Total Deposit and Withdrawal Activity Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 $1,799.08 Check Amount $53,941.45 15,000.00 275,539.04 10,000.00 $ 354,480.49 Withdrawal $ 1,000,000.00 0.00 $1,000,00 E8G2901-016047 217362 EXH008-00823 ============= Page 8 of 12 ============= Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Transaction Detail (continued) Cash Activity (continued) Trans Process Date Date Transaction Description Debit Income Investment Income Activity (including Money Market Fund dividends reinvested) 08/01 08/01 Bond Interest MINERAL WELLS TX 5.50%O9GENL OBLIG DUE 02/01/09RFDG AMBAC $1,375.00 08/01 08/01 Cash Dividend NUVEEN PREM INCM MUN FD 157.50 08/01 08/01 Cash Dividend PUTNAM HIGH YLD MUNI TR SBI 120.00 08/01 08/01 Cash Dividend PUTNAM INVT GRADE MUN TR 148.75 08/01 08/01 Cash Dividend PUTNAM MANAGED MUNI INCMSHS BEN INT 158.75 08/15 08/15 Bond Interest ADDISON TEX 5.25%1 OCTFS OBLIG DUE 08/15/1 OCOMB TAX & R 262.50 08/15 08/15 Bond Interest ARLINGTON TEX 5.10%07PERM IMPT DUE 08/15/07SER A 1,275.00 08/15 08/15 Bond Interest BROWNSVILLE TEX 5.375%12GENL OBLIG DUE 02/15/12RFDG AMBAC 1,343.75 08/15 08/15 Bond Interest NORTH RICHLAND 4.25%10HILLS TEX DUE 02/15/10CTFS OBLIG T 850.00 08/15 08/15 Dividend SCH MUNI MONEY FUND SWEEP SHARES 6,413.16 08/25 08/25 Cash Dividend DREYFUS STRATEGIC MUNS 115.00 08/25 08/25 Bond Interest FEDL NATL MTG ASSN 8%19REMIC DUE 07/25/19SER 1989 37 1,062.53 08/25 08/25 Cash Dividend MUNICIPAL HIGH INCOME FD 121.25 08/31 08/31 Cash Dividend KEMPER STRATEGIC MUNI INCOME TR SHS OF BEN INT 156.25 08/31 08/31 Cash Dividend M F S MUNI INC TRUST 110.00 Total Investment Income Activity $13,669.44 Trans Process Date Date Transaction Description Expense Credit Fees and Charges 08/18 08/18 Misc Cash Entry WAIVE WIRE FEE $25.00 08/18 08/18 Service Fee WIRED FUNDS FEE $25.00 Total Fees and Charges $25. 00 $25.00 m O N J J O O O E8G2901-016047 217363 Total Cash Activity $ 1,354,505.49 $13 ,694.44 =XH008-00824 ============= Page 9 of 12 ============= Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Transaction Detail (continued) Cash Activity (continued) Subtractions Additions from Account to Account Grand Total Transaction Detail $ 1,354,505.49 $ 15,493.52 Money Funds Detail Settle Date Transaction Unit Price Purchase/Debit Sale/Credit Money Market Funds (Sweep) Activity SCH MUNI MONEY FUND Activity Opening Shares of SCH MUNI MONEY FUND were 2,282,871.2100 08/01 Purchased 256.3000 $ 1 $256.30 08/02 Purchased 1,960 1 1,960.00 08/07 Redeemed 53,941.4500 1 $53,941.45 08/15 Dividend 08/16 Purchased 08/18 Redeemed 08/22 Redeemed 08/24 Redeemed 08/28 Purchased 08/30 Redeemed Closing Shares of SCH MUNI MONEY FUND were 943,849.2900 Total SCH MUNI MONEY FUND Activity 6,413.1600 1 6,413.16 3,731.2500 1 3,731.25 1,000,000 1 1,000,000.00 275,539.0400 1 275,539.04 15,000 1 15,000.00 3,097.8600 1 3,097.86 10,000 1 10,000.00 15,458.57 $ 1,354,480.49 Total Money Market Funds (Sweep) Activity $15,458.57 $ 1,354,480.49 til SCHWAB MUNI MMF 3.530% •0 N J J h7 EBG2901-016047 217364 O J =XH008-00825 ============= Page 10 of 12 ============= Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 f Trades Pending Settlement Settle Trade Quote Date Date Transaction Description Symbol Quantity Price Purchase/Debit Sale/Credit 09/05 08/30 Sold ENRON CORP ENE 15,000 $86.1250 $ 1,291,081.93 Total Trades Pending $ 1,291,081.93 Pending transactions are not included in account value Dividends Pending Payable Rate Share Cash Date Transaction Description Quantity per Share Distribution Distribution 09/01 Cash Dividend NUVEEN PREM INCM MUN FD 2,500 0.0630 $157.50 09/01 Cash Dividend PUTNAM HIGH YLD MUNI TR 2,500 0.0480 120.00 09/01 Cash Dividend PUTNAM INVT GRADE MUN TR 2,500 0.0595 148.75 09/01 Cash Dividend PUTNAM MANAGED MUNI INCM 2,500 0.0635 158.75 Total Dividends Pending -.77J585.0 Pending transactions are not included in account value Open Orders You can change or cancel any open order by calling us. Orders expire as of close of business on expiration date listed below. Order Will Date Expire Transaction Description Quantity Limit Price Latest Price 08/29 10/30 Sell ENRON CORP 15,000 $86.5000 $84.8750 08/29 10/30 Sell ENRON CORP 15,000 86.7500 84.8750 rr] 08/29 10/30 Sell ENRON CORP 15,000 87 84.8750 08/29 10/30 Sell ENRON CORP 15,000 87.2500 84.8750 08/29 10/30 Sell ENRON CORP 11,441 87.5000 84.8750 0 N J J E8G2901-016047 217365 O O O lh 00 =XH008-00826 ============= Page 11 of 12 ============= Account of JEFFREY K SKILLING Statement Period: August 1, 2000 through August 31, 2000 Account Number: 8110-6673 Investment Income Summary This Period: Year to Date: Federally Federally Federally Federally Description Taxable Tax-Exempt Taxable Tax-Exempt Money Funds Dividends $6,413.16 $49,563.74 Cash Dividends 1,087.50 $ 219,380.88 8,431.25 Capital Gains Corporate Bond Interest Municipal Bond Interest Total Investment Income $1,062-53 $12,606.91 $ 228,472.53 $ 77,344.9 C77 H I O N J J 'z7 O V1 Interest Paid on Margin Loan During Current Period Interest Paid on Margin Loan Year-to-Date $1,062.53 5,106.25 25.00 9,066.65 19,350.00 $0.00 $(49.91) Certain income in this category may qualify for state tax exemption; consult your tax advisor. Certain margin loan interest may be deductible; consult your tax advisor. E602901-016047 217366 =XH008-00827 ============= Page 12 of 12 ============= ETF-0277F-000520