| No compensation expense or benefit was recorded in 2002 with respect to such issuances. |
| Proceeds from these issuances were also used to reduce short term borrowings. |
| The Unitholders have no pre-emptive rights in connection with such further issuances. |
| Equity underwriting performed well in the quarter as we participated in a number of new issuances. |
| The chart above shows International Assistance Envelope on an issuances basis at the start of the fiscal year. |
| One is its credit rating agency, a vital cog in global capitalism that monitors the corporate world's debt issuances. |
