Underwriter Performance Report
Period Covered: 4Q 2002

The following table lists all IPOs in which the indicated brokerage firm participated.
NameTotal Amount RaisedNum. OfferingsAvg. Market Val.Avg. Amount RaisedAvg. % Change
J.P. Morgan$1902.38$1488.7$237.88.18
Salomon Smith Barney$1347.76$1548.2$224.61.97
Banc of America Securities LLC$1356.35$845.4$271.327.98
Merrill Lynch$3985.65$30548.7$797.112.26
Morgan Stanley$3543.25$31225.8$708.67.08
William Blair & Co.$343.15$431.1$68.628.86
CS First Boston$1226.45$1863.7$245.311.8
RBC Capital Markets$198.34$160.3$49.6-0.98
Friedman, Billings, Ramsey$231.04$250.9$57.89.05
Bear Stearns & Co.$744.64$1876.0$186.20.05
Goldman Sachs & Co.$997.24$1884.8$249.312.9
Lehman Brothers$524.54$1359.2$131.111.48
Raymond James & Associates$149.03$62.6$49.7-8.1
A.G. Edwards & Sons$95.12$49.4$47.5-0.6
Deutsche Bank Securities$491.62$483.9$245.8-1.05
SG Cowen$86.82$210.4$43.428.9
Thomas Weisel Partners LLC$320.82$2243.3$160.42.1
UBS Warburg$166.32$1660.0$83.17.7
US Bancorp Piper Jaffray$83.52$211.1$41.833.35
Jefferies & Company$126.02$228.9$63.030.15