TCREUR_Public/090623.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Tuesday, June 23, 2009, Vol. 10, No. 122

                            Headlines

A U S T R I A

ARCHIMEDES HYDRAULISCHE: Creditors Must File Claims by July 13
GF NAHRUNGSMITTEL: Creditors Have Until July 13 to File Claims
G.S.T. GMBH: Creditors Have Until July 8 to File Claims
KRIEGER-KORP & WIMMER OG: Creditors Must File Claims by July 13
SONKRO SONNENSCHUTZANLAGEN: Claims Filing Deadline Is July 9


A Z E R B A I J A N

* Moody's Changes Outlook on Azerbaijan's 'Ba1' Ratings to Stable


C Z E C H   R E P U B L I C

PA EXPORT: Prague Court Opens Insolvency Proceedings


F R A N C E

ASTEEL FLASH: Quimper Court Opens Insolvency Proceedings
RENAULT SA: S&P Lowers Corporate Credit Ratings to 'BB/B'


G E R M A N Y

HEIDELBERGCEMENT AG: Moody's Confirms 'B1' Corp. Family Rating
JOHANN SCHMIDT: Files for Insolvency Over Lack of Liquidity
PFLEIDERER AG: Fitch Cuts Long-Term Issuer Default Rating to 'BB-'
WOOLWORTH GMBH: To Shut Down Up to 190 Stores


G R E E C E

HELLAS TELECOMMUNICATIONS: S&P Corrects Administrative Error


I R E L A N D

LARAGAN DEVELOPMENTS: Anglo and AIB to Inject EUR3 Million
SAPHIR FINANCE: S&P Cuts Ratings on Four Classes of Notes to CCC-


I T A L Y

ALITALIA SPA: Italy to Review Decree to Increase Bondholder Payout
VINYLS ITALIA: Italy Grants Special Administration Request


K A Z A K H S T A N

ALLIANCE BANK: Bonds Valued at 17% in CDS Auction, Bloomberg Says
EATS LTD: Creditors Must File Claims by July 3
OBYEDINENIYE ZAVOD: Creditors Must File Claims by July 3
OIL SINTEZ: Creditors Must File Claims by July 3
STYLE STROY: Creditors Must File Claims by July 3

VESTA LTD: Creditors Must File Claims by July 3


R U S S I A

ARKHANGELSK STEEL: Creditors Must File Claims by July 5
CHELYABINSKIY AUTOMATE: Under External Mgt. Bankruptcy Procedure
CONSTRUCTION MATERIALS: Creditors Must File Claims by July 5
CREDIT BANK: Moody's Changes Outlook on 'B1' Ratings to Negative
EVROSTROY-ENGINEERING LLC: Creditors Must File Claims by July 5

LENSKAYA MINING: Creditors Must File Claims by July 5
VIMPELCOM: Russian Bailiffs to Sell Telenor Stake to Pay Fine

* S&P Affirms 'B-' Issuer Rating on Balashikha City District


S P A I N

GAT ICO: Moody's Assigns 'C' Ratings on Series D Notes


S W E D E N

FORD MOTOR: Denies Volvo Sale Deal with China's Geely


S W I T Z E R L A N D

AD ARMATUREN: Creditors Must File Claims by June 30
AUTOSPRITZWERK RYF: Claims Filing Deadline Is June 30
FINAJOUR GMBH: Claims Filing Deadline Is June 30
INTERNATIONAL WATER: Claims Filing Deadline Is June 30
NWT COMMODITIES AG: Creditors Must File Claims by June 26

PLASCHY & PARTNER: Claims Filing Deadline Is June 26
RIDERS RESTAURANT: Claims Have Until June 29 to File Claims
SUHRWIDE GMBH: Creditors Must File Claims by June 30
UBEG BERATUNG: Claims Filing Deadline Is June 29


T U R K E Y

ALBARAKA TURK: S&P Assigns 'BB-/B' Counterparty Credit Ratings


U K R A I N E

LAURIT LLC: Creditors Must File Claims by July 1
NEW TOWN LLC: Court Starts Bankruptcy Supervision Procedure
RADIAL LLC: Creditors Must File Claims by July 1
TRANSFER-FINANCE LLC: Court Starts Bankruptcy Procedure
VOLIN-PACK CJSC: Court Starts Bankruptcy Supervision Procedure


U N I T E D  K I N G D O M

AVIEMORE HIGHLAND: In Administration; Pwc Appointed
BRITISH AIRWAYS: Must Not Be Bailed Out by UK Gov't, Branson Says
BRITISH AIRWAYS: Mulls Sale of OpenSkies Subsidiary
CATALYST HEALTHCARE: S&P Lowers Underlying Debt Ratings to 'BB+'
CEVA GROUP: Moody's Cuts Probability of Default Rating to 'Ca'

DSG INTERNATIONAL: Profits to Drop 80% to About GBP43 Mln
FLEET LITHO: To Be Placed Into Voluntary Liquidation
FOCUS DIY: Mulls Company Voluntary Arrangement to Secure Future
GENERAL MOTORS: Mandelson Gets Reasurrance From US on Vauxhall
GKN HOLDINGS: Fitch Affirms LT Issuer Default Rating at 'BB+'

GKN PLC: To Launch GBP423 Million Rights Issue to Reduce Debt
INDEPENDENT NEWS: Mulls Rights Issue to Repay Bondholders
O'BRIENS SANDWICH: UK Business Enters Into Administration
ROAD MANAGEMENT: S&P Cuts Rating on GBP165 Mil. Bond to 'BB+'
YELL GROUP: CEO John Condron Waives GBP1 Mln Bonus

* Halabi Cos. Default on US$1.9BB Debt Backed by London Properties

* Large Companies with Insolvent Balance Sheet


                         *********


=============
A U S T R I A
=============


ARCHIMEDES HYDRAULISCHE: Creditors Must File Claims by July 13
--------------------------------------------------------------
Creditors of Archimedes Hydraulische Rotatoren Vertrieb GmbH have
until July 13, 2009, to file their proofs of claim.

A court hearing for examination of the claims has been scheduled
for July 20, 2009 at 10:00 a.m.

For further information, contact the company's administrator:

         Dr. Christian Puswald
         Unterer Platz 11
         9300 St. Veit/Glan
         Austria
         Tel: 04212/2040
         Fax: 04212/28122
         E-mail: office@kleinszig-puswald.at


GF NAHRUNGSMITTEL: Creditors Have Until July 13 to File Claims
--------------------------------------------------------------
Creditors of GF Nahrungsmittel GmbH have until July 13, 2009, to
file their proofs of claim.

A court hearing for examination of the claims has been scheduled
for July 23, 2009 at 3:40 p.m. at:

         Land Court of Wels
         Hall 101
         Wels
         Austria

For further information, contact the company's administrator:

         Dr. Johannes Hofmann
         Ringstrasse 38
         4600 Wels
         Austria
         Tel: 07242/65358
         Fax: 07242/65358-25
         E-mail: ra.hofmann@aon.at


G.S.T. GMBH: Creditors Have Until July 8 to File Claims
-------------------------------------------------------
Creditors of G.S.T. GmbH have until July 8, 2009, to file their
proofs of claim.

A court hearing for examination of the claims has been scheduled
for July 22, 2009 at 11:15 a.m.

For further information, contact the company's administrator:

         Dr. Helmut Platzgummer
         Kohlmarkt 14
         1010 Vienna
         Austria
         Tel: 533 19 39 Serie
         Fax: 533 19 39 39
         E-mail: helmut.platzgummer@lp-law.at


KRIEGER-KORP & WIMMER OG: Creditors Must File Claims by July 13
---------------------------------------------------------------
Creditors of Krieger-Korp & Wimmer OG have until July 13, 2009, to
file their proofs of claim.

A court hearing for examination of the claims has been scheduled
for July 23, 2009 at 1:40 p.m. at:

         Land Court of Wels
         Hall 101
         Wels
         Austria

For further information, contact the company's administrator:

         Dr. Heinz Haupl
         Stockwinkl 18
         4865 Nussdorf am Attersee
         Austria
         Tel: 07666/8300-0
         Fax: 07666/8300-5
         E-mail: office@anwaltskanzlei-nussdorf.at


SONKRO SONNENSCHUTZANLAGEN: Claims Filing Deadline Is July 9
------------------------------------------------------------
Creditors of Sonkro Sonnenschutzanlagen GmbH have until July 9,
2009, to file their proofs of claim.

A court hearing for examination of the claims has been scheduled
for July 23, 2009 at 10:30 a.m.

For further information, contact the company's administrator:

         Dr. Christian Bachmann
         Opernring 8
         1010 Wien
         Austria
         Tel: 512 87 01
         Fax: 513 82 50
         E-mail: bachmann.rae@aon.at


===================
A Z E R B A I J A N
===================


* Moody's Changes Outlook on Azerbaijan's 'Ba1' Ratings to Stable
-----------------------------------------------------------------
Moody's Investors Service has changed the outlook on Azerbaijan's
main sovereign credit ratings to stable from positive.

In addition to changing the outlook on the government's Ba1 local
and foreign currency government bond ratings, the rating action
also changed to stable from positive both the Baa2 foreign
currency ceiling for bonds and the Ba2 ceiling for bank deposits.
The existing A3 local currency ceilings for bonds and Baa1 local
currency ceiling for bank deposits were affirmed with a stable
outlook.

"Low GDP per capita and relatively weak institutional strength are
important factors that argue against promotion of Azerbaijan to
investment grade status," said Jonathan Schiffer, Moody's Vice
President and lead analyst for Azerbaijan.  "The unresolved
geopolitical dispute in Nagorno-Karabakh is another rating
constraint."

He said the short-term consequences of the global liquidity crunch
have led to a relative slowdown in Azerbaijan's economy that is
creating some stresses in its rudimentary banking system.

"The undiversified nature of the economy and undeveloped nature of
local capital markets, coupled with several years of high oil
prices and large capital inflows, have led to an incipient
'bubble' in real estate/construction that is having a negative
effect on the banking system's asset quality and overall
performance," said Mr. Schiffer.

While Azerbaijan's macroeconomic indicators continue to be strong,
particularly in terms of the government's robust financial
strength, external liquidity, and low debt ratios, Schiffer said,
Moody's said that further improvement in the country's banking
system would better anchor future economic development and
diversification.

Moody's last rating action on the government of Azerbaijan was on
July 30, 2008, when a positive outlook was placed on Azerbaijan's
Ba1 government debt ratings and the Ba2 country ceiling on foreign
currency bank deposits.


===========================
C Z E C H   R E P U B L I C
===========================


PA EXPORT: Prague Court Opens Insolvency Proceedings
----------------------------------------------------
Prague Daily Monitor reports that the Municipal Court in Prague
Thursday commenced insolvency proceedings against PA Export, a.s.,
formerly Skodaexport, on the petition of Siemens Engineering.

Citing the Justice Ministry's website, the report discloses
Siemens Engineering filed an insolvency petition against the
company over CZK130 million worth of overdue claims.  The report
relates Siemens said that its claims on the company have to do
with the construction of two power stations in Pakistan.

The report recalls Siemens, which had negotiated multi-billion
deals abroad for Czech engineering and energy companies, was
privatized last year.  The Finance Ministry sold it to CKD Group
for CZK210 million, the report states.

Headquartered in Prague, Czech Republic, PA Export, a.s.,
http://www.skodaexport.cz/-- is engaged in the implementation of
turnkey projects as an EPC contractor and supply of the equipment
for power engineering, metallurgy, machinery, transport and
storage for oil and gas sector, transport systems and vehicles,
environmental protection and technical schools and training
centers.


===========
F R A N C E
===========


ASTEEL FLASH: Quimper Court Opens Insolvency Proceedings
--------------------------------------------------------
Anne-Francoise Pele at EE Times Europe reports that the Commercial
Court of Quimper on June 17 opened insolvency proceedings against
Asteel Flash Bretagne.

The court, the report relates, appointed an administrator for the
company.  According to the report, an observation period of six
months, renewable, has been decided, and the company's situation
will be reviewed on September 4.

The report recalls late April Asteel Flash Bretagne unveiled a
restructuring plan that entailed 44 layoffs, on a total of 134
jobs.

Asteel Flash Bretagne is a unit of France-Based Asteel, a French
group of companies specializing in electronic and electro-
mechanical sub-assembly manufacture.


RENAULT SA: S&P Lowers Corporate Credit Ratings to 'BB/B'
---------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
long- and short-term corporate credit and debt ratings on Renault
S.A. to the speculative-grade level of 'BB/B', from 'BBB-/A-3'.
The outlook is stable.

At the same time, Standard & Poor's assigned a recovery rating of
'3' to the notes already issued under the company's existing
EUR7 billion senior unsecured medium-term note program, indicating
Standard & Poor's expectation of meaningful (50%-70%) recovery in
the event of a payment default; the debt rating on these notes was
also lowered to 'BB' from 'BBB-'.

In a related action, Standard & Poor's lowered its long- and
short-term counterparty credit ratings on Renault's fully owned
financing subsidiary RCI Banque to 'BBB-' and 'A-3', respectively,
from 'BBB' and 'A-2'.  The outlook is stable.

"Our downgrade of Renault reflects our view that auto demand is
likely to remain very low in Europe in 2010, due to the weak
economic environment and the payback effect of the incentive
schemes that several European countries have adopted to date in
2009," said Standard & Poor's credit analyst Barbara Castellano.
"We believe these factors will continue to penalize Renault's
profitability."

Renault's financial profile was already hit by the large increase
in debt in 2008, and credit measures were weak compared with what
S&P generally considers to be commensurate with a 'BBB-' rating.
Now, however, in light of S&P's views on the future path of
European auto demand, S&P believes that the company's financial
metrics are likely to deteriorate further and will probably not
return in the medium term to levels S&P considers consistent with
the previous rating.

S&P foresees a Standard & Poor's adjusted ratio of funds from
operations to debt that is barely 10% in 2009 and 2010, whereas
S&P deems more than 20% over the cycle to be commensurate with the
current rating category.  S&P understands that Renault will strive
to protect its cash flow and to avoid any further increase in its
financial debt.

"Consequently, once auto demand in Europe and the rest of the
world returns to levels consistent with the historical trends, S&P
expects that Renault should be in a position to take advantage of
this situation and restore a stronger financial profile," said
Ms. Castellano.

Standard & Poor's has factored into the current ratings the
support of the French state (which owns 15% of Renault's capital),
should it be needed, to strengthen the group's liquidity.

"In our view, this potential support contributes to the stable
outlook, but does not lead to any notches of enhancement in the
ratings," said Ms. Castellano.

S&P could downgrade Renault or revise the outlook to negative if,
in contrast to the company's targets, the industrial activities
burn what S&P would consider to be a significant amount of cash
this year and financial debt grows.  Both occurrences would delay
the improvement in financial ratios.

S&P views an upgrade or outlook revision to positive as highly
unlikely in the current scenario.


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G E R M A N Y
=============


HEIDELBERGCEMENT AG: Moody's Confirms 'B1' Corp. Family Rating
--------------------------------------------------------------
Moody's has confirmed HeidelbergCement's B1 corporate family
rating and assigned a negative outlook.  At the same time the
ratings of all bonds outstanding at HeidelbergCement and its
subsidiaries have been downgraded to B3.

This rating action concludes the rating review which had been
initiated on February 9, 2009.

The rating action was prompted by HC's successful refinancing of
its bank debt.  The new agreement includes clauses which place
bondholders structurally behind the bank lenders, therefore
Moody's implemented a two notch difference between the corporate
family rating and the bond rating, according to its Loss Given
Default methodology.

In Moody's opinion HeidelbergCement continues to be well placed to
be a key player in its industry with a good competitive position
going forward due to (i) the company's solid business profile,
based on the company's favorable geographic diversification and
its strong market positions in many of its markets, and (ii) the
expectation that HeidelbergCement will generate positive free cash
flows -- albeit at relatively small amounts -- in the current
financial year, which could be used to reduce debt despite the
weak economic environment without the need of additional financing
and (iii) a high likelihood of much stronger free cash flow
generation when the economy turns around.

"At the same time Moody's note that the company is likely to carry
a heavy debt burden for some time, absent of material disposals,
leaving its management to navigate through potential challenging
scenarios in a protracted economic downturn." said Matthias
Hellstern, Moody's lead analyst for HeidelbergCement.  The now
agreed new loan facility provides HeidelbergCement with some
breathing time to work on the deleveraging of its balance sheet,
but in Moody's opinion does not solve the issue of a debt load
which is very high given the weakness in its industry.  Also
though recognizing that the refinancing provides some breathing
time to the company, the debt profile remain bulky and it may
remain challenging for the company to refinance its debt upon the
new maturity.

At this time the ability of HC to attract sizeable new equity also
appears limited in the agency's opinion while pressured assets
value prevailing in the markets are not conducive to significant
divestments and therefore the weak capital structure could persist
for a while.

The negative outlook reflects the risk of a further weakening in
the company's debt / EBITDA ratios beyond a level of around 6.0x
per year end which would put pressure on the rating.  The negative
outlook also takes into account that the newly agreed level of
financial covenants in the new credit agreement -- though set at a
level that provides material more headroom than currently -- are
likely to remain a constraint, especially if the environment
remains as weak as it is currently or is further deteriorating.

Downgrades:

Issuer: Hanson Australia Funding Limited

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to a
     range of B3, LGD5, 89% from a range of B1, LGD4, 53%

Issuer: Hanson Building Materials Limited

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to a
     range of B3, LGD5, 89% from a range of B1, LGD4, 53%

Issuer: Hanson Limited

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to a
     range of B3, LGD5, 89% from a range of B1, LGD4, 53%

Issuer: HeidelbergCement AG

  -- Senior Unsecured Medium-Term Note Program, Downgraded to B3
     from B1

Issuer: Heidelbergcement Finance B.V.

  -- Senior Unsecured Medium-Term Note Program, Downgraded to B3
     from B1

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to a
     range of B3, LGD5, 89% from a range of B1, LGD4, 53%

Outlook Actions:

Issuer: Hanson Australia Funding Limited

  -- Outlook, Changed To Negative From Rating Under Review

Issuer: Hanson Building Materials Limited

  -- Outlook, Changed To Negative From Rating Under Review

Issuer: Hanson Limited

  -- Outlook, Changed To Negative From Rating Under Review

Issuer: HeidelbergCement AG

  -- Outlook, Changed To Negative From Rating Under Review

Issuer: Heidelbergcement Finance B.V.

  -- Outlook, Changed To Negative From Rating Under Review

Confirmations:

Issuer: HeidelbergCement AG

  -- Probability of Default Rating, Confirmed at B1
  -- Corporate Family Rating, Confirmed at B1

Moody's last rating action on HeidelbergCement on February 9, 2009
was to downgrade the company's ratings to B1 and place the rating
on review for possible downgrade.

HeidelbergCement AG is the world's third-largest cement producer.
HC generated sales of EUR13.5 billion per last 12 months (March
2009).  With the acquisition of UK building materials producer
Hanson plc in mid-2007, HC is now the world's largest producer of
aggregates with an annual output in 2007 of 334 mt, and the
second-largest producer of ready-mixed concrete with an output of
46 million cubic meters, behind Cemex.


JOHANN SCHMIDT: Files for Insolvency Over Lack of Liquidity
-----------------------------------------------------------
EUWID Pulp and Paper reports that German board manufacturer Johann
Schmidt Kartonfabrik Ottbergen GmbH on June 8 filed a request for
the opening of insolvency proceedings at the local court of
Paderborn, citing lack of liquidity.

According to the report, the insolvency administrator said despite
sufficient order backlog, the company was forced to halt
production four weeks ago after suppliers demanded prepayments for
deliveries.


PFLEIDERER AG: Fitch Cuts Long-Term Issuer Default Rating to 'BB-'
------------------------------------------------------------------
Fitch Ratings downgraded Pfleiderer AG's Long-term Issuer Default
Rating to 'BB-' from 'BB'.  At the same time, the IDR has been
placed on Rating Watch Negative.  The Short-term IDR is affirmed
at 'B'.  Pfleiderer's EUR275 million guaranteed undated
subordinated fixed- to floating-rate capital securities are
downgraded to 'B' from 'B+'.

The downgrade reflects marked deterioration in Pfleiderer's
operational performance and increased uncertainty over demand for
its products.  As a result, Fitch expects Pfleiderer's financial
profile to deteriorate further within the next 12-18 months, with
net adjusted debt (including 75% equity credit on the hybrid
bond)/EBITDAR potentially exceeding 5.0x, compared to FYE08's
3.5x.  The company continues to face challenging market conditions
in North America while rising competitive pressure in eastern
Europe and sluggish demand in western Europe are putting pressure
on volumes and prices.

Fitch understands that the global business environment in April
and May has worsened compared to Q109.  Pfleiderer's Q209 EBITDA
margin guidance, on initial estimates, is for single-digits,
compared with the reported EBITDA margin of 14.7% in Q109 and
12.9% in FY08.  As a result, Pfleiderer has warned of a potential
covenant breach under its credit documentations at the test date
at end-June 2009.  The company is negotiating with banks on
existing financing arrangements and faces a potential increase in
financing costs.  Management is also considering potential
government support in the form of credit guarantees or a loan from
the state-owned Kreditanstalt fuer Wiederaufbau.

The Rating Watch Negative reflects the low visibility and
increased uncertainty on Pfleiderer's operational performance,
which have resulted in the company having to renegotiate its
credit facilities.  In resolving the Rating Watch, Fitch will
focus on the likely deterioration in Pfleiderer's operational
performance for the rest of 2009 and in 2010, the measures it will
undertake to sustain operating performance in the current economic
conditions and to mitigate the expected deterioration in credit
metrics as well as progress on its discussions with lenders.
Fitch expects to resolve the Rating Watch Negative by end-August.

The ratings continue to be supported by Pfleiderer's business
profile as a leading producer of engineered wood, with growing
shares in its key markets.  They also reflect its sound
geographical diversification, with strong positions in its core
markets in western and eastern Europe and North America, and its
broad, integrated product range.  The ratings are constrained by
the industry's capital intensity and vulnerability to cyclical
over-capacity, resulting in price pressure, and by the company's
challenged ability to pass on raw material price increases to
customers.

At end-Q109 Pfleiderer reported EUR44.1 million in cash and
undrawn committed facilities in excess of EUR400 million.  This
compares to short-term financial liabilities of EUR194.89 million.

Pfleiderer is a leading supplier of engineered wood, surface-
finished products and laminate flooring.  With some 5,700
employees and production sites in western and eastern Europe and
North America, the group reported sales of EUR1.7 billion in FY08
and EBITDA of EUR223.7 million.


WOOLWORTH GMBH: To Shut Down Up to 190 Stores
---------------------------------------------
Alexander Huebner at Reuters reports that German department store
chain Woolworth GmbH & Co. is to close more than half of its
stores within the next couple of months.

Reuters relates a spokesman for insolvency administrator Ottmar
Hermann said up to 190 of the total 311 stores were going to be
closed down.  The spokesman, as cited by Reuters, said there was
no investor in sight who would be interested in the whole chain,
but some had already expressed interest in parts of it.  On
June 1, 2009, the Troubled Company Reporter-Europe, citing
Reuters, reported a consortium led by restructuring and
liquidation specialist Gordon Brothers was eyeing around 130 small
stores.  Reuters. citing media reports, disclosed retailers
Tengelmann, Rossmann and DM also expressed interest in Woolworth
stores.

Reuters recalls Woolworth, owned by British investor Argyll
Partners, ran out of cash in April after struggling with falling
sales as supermarkets, discounters and other specialist retailers
snatched away customers.


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G R E E C E
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HELLAS TELECOMMUNICATIONS: S&P Corrects Administrative Error
------------------------------------------------------------
Standard & Poor's Ratings Services corrected an administrative
error relating to its '6' recovery rating on the EUR200 million
subordinated payment-in-kind notes issued by Hellas
Telecommunications Finance SARL, a subsidiary of Greek mobile
telecommunications operator WIND Hellas Telecommunications S.A.
(CCC/Negative/--).

On March 19, 2008, S&P inadvertently did not assign the '6'
recovery rating to these PIK notes.  S&P has now adjusted its
database to rectify the error.

The '6' recovery rating indicates S&P's expectation of negligible
(0%-10%) recovery for unsecured creditors in the event of a
payment default.

The issue rating on these PIK notes was 'CCC+' on March 19, 2008.
S&P has since lowered the issue rating in conjunction with S&P's
downgrades of WIND Hellas.  The issue rating on the PIK notes
currently stands at 'CC', two notches below the corporate credit
rating on WIND Hellas.

                           Ratings List

                            New rating

              Hellas Telecommunications Finance SARL

          EUR200 million subordinated PIK notes         CC
            Recovery rating                           6

          * Guaranteed by Hellas Telecommunications I SARL


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I R E L A N D
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LARAGAN DEVELOPMENTS: Anglo and AIB to Inject EUR3 Million
----------------------------------------------------------
The Sunday Business Post Online reports that Anglo Irish Bank and
AIB are financing a rescue package for Irish building firm Laragan
Developments.

The report relates the two banks have agreed to inject a combined
EUR3 million into the company, which went into examinership in
March with liabilities of EUR75 million.  According to the report,
the money will be used to pay out a dividend to the company's
trade creditors, who are owed more than EUR12 million.  The report
discloses creditors of the company have been offered between 14
per cent and 20 per cent of their debts, depending on their
situation.

The report notes under the proposed scheme of arrangement,
Laragan's owner, Alan Hanly, has agreed to reclassify EUR62
million that he advanced to the business as subordinated loans,
meaning he will be the last person to be paid.  The report says if
approved by creditors, the scheme will be submitted to the High
Court in Dublin for formal ratification later this week.

Laragan is the house building subsidiary of the Hanly Group, which
has interests in hotels, quarrying, road construction and
commercial property.


SAPHIR FINANCE: S&P Cuts Ratings on Four Classes of Notes to CCC-
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered and removed from
CreditWatch negative its ratings on the class A notes series 2005-
4, class B notes series 2005-3 (Lennox II), series 2008-4, and
series 2008-5 issued by Saphir Finance PLC.  At the same time S&P
withdrew all four ratings.

Following the default of Lehman Brothers on Sept. 15, 2008, S&P
reviewed the transactions and concluded, based on the information
available to us at that time, that the default of the swap
counterparty, in and of itself, did not warrant downgrading the
notes at that time.

Since then S&P has sought to obtain updated information on these
transactions from transaction participants.  However, S&P has
received little or no information that S&P consider meaningful.
The ratings on the affected transactions have remained on
CreditWatch negative, reflecting the limited information
available.  S&P believes that it is unlikely that any further
information will become available within the foreseeable future to
enable S&P to continue to provide its credit opinions on these
transactions.  Accordingly, S&P has withdrawn these ratings.

During S&P's withdrawal review, S&P noted that the potential
exposure to the swap counterparty was not fully reflected in the
rating at the time of Lehman's downgrade.  Accordingly, S&P has
lowered the ratings before their withdrawal to reflect S&P's
opinion of the effect of the exposure to Lehman Brothers Holdings
Inc. and to correct the error.

      Ratings Lowered and Removed From CreditWatch Negative
                           and Withdrawn

                        Saphir Finance PLC
              EUR27.5 Million DA VINCI Credit-Linked
                   Synthetic Portfolio CDO Notes
                          Series 2005-4

           Class      To                From
           -----      --                ----
           A          CCC-              AA-/Watch Neg
                      NR                CCC-

                        Saphir Finance PLC
       EUR28 Million Credit-Linked Synthetic Portfolio Notes
                           (Lennox II)
                          Series 2005-3

           Class      To                From
           -----      --                ----
           B          CCC-              BB/Watch Neg
                      NR                CCC-

                        Saphir Finance PLC
         EUR1.28 Billion Floating-Rate Notes Series 2008-4

                     Class             Rating
                     -----             ------
                     CCC-              A/Watch Neg
                     NR                CCC-

                       Saphir Finance PLC
        EUR70.668 Million Floating-Rate Notes Series 2008-5

                     Class             Rating
                     -----             ------
                     CCC-              A/Watch Neg
                     NR                CCC-


=========
I T A L Y
=========


ALITALIA SPA: Italy to Review Decree to Increase Bondholder Payout
------------------------------------------------------------------
Lorenzo Totaro at Bloomberg News reports according to Milano
Finanza, the Italian government will this week review a decree
that increases the payout to Alitalia SpA bondholders.

Bloomberg News relates Milano Finanza reported under a new EUR200
million (US$279 million) reimbursement plan, investors,
who saw their investments almost wiped out when the carrier was
declared insolvent last year, would recoup at least 70 percent of
the nominal value of the bonds.

According to Bloomberg News, the newspaper said the decree will be
reviewed at a cabinet meeting on June 26.

                           About Alitalia

Based in Rome, Alitalia S.p.A. -- http://www.alitalia.it/--
provides air travel services for passengers and air transport of
cargo on national, international and inter-continental routes,
including United States, Canada, Japan and Argentina.  The Italian
government owns 49.9% of Alitalia.

As reported in the TCR-Europe on November 7, 2008, Alitalia S.p.A.
filed for Chapter 15 protection with the U.S. Bankruptcy Court in
the Southern District of New York.  Italy's national airline
experienced financial difficulties for a number of years caused,
in large measure, by a combination of competition from low-cost
air carriers, poor management and onerous union obligations,
according to papers filed with the court.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million in
2000 and 2001 respectively.  Alitalia posted EUR93 million in net
profits in 2002 after a EUR1.4 billion capital injection.  The
carrier booked annual net losses of EUR520 million in 2003,
EUR813 million in 2004, EUR168 million in 2005, EUR625.6 million
in 2006, and EUR494.64 million in 2007.

In the petition filed October 29, 2008, Prof. Augusto Fantozzi,
the appointed administrator, said the airline's financial
difficulties have been and exacerbated by spiraling fuel prices.

On Aug. 29, 2008, Alitalia declared insolvency and filed for
commencement of extraordinary administration procedure at the
Tribunal of Rome.  Italian Prime Minister Silvio Berlusconi
appointed Mr. Fantozzi as extraordinary commissioner.
Under the Bankruptcy Bill, the Administrator has supplanted the
directors and other management of Alitalia.


VINYLS ITALIA: Italy Grants Special Administration Request
----------------------------------------------------------
Peter Mapleston at PRW.com reports that the Italian government
Thursday granted Vinyls Italia's request to be put into special,
or controlled, administration.

The report relates Claudio Scajola, the minister for economic
development, has nominated two expert lawyers and a chemical
engineer to act as special commissars in running the company,
which local businessman Fiorenzo Sartor acquired from Ineos as
recently as this April.   According to the report, it will be the
commissars' responsibility to keep the company running, albeit at
a reduced level, and to try and put it into a shape fit enough for
it to be brought back into the private sector.

Vinyls Italia, the report says, has been brought down largely by a
debt of some EUR80 million that it owes to energy and chemicals
company Eni, for the supply of ethylene and dichloroethane from
its Polimeri and Syndial subsidiaries.

Vinyls Italia, formerly Ineos Vinyls Italia, is a PVC and vinyl
chloride monomer (VCM) producer.


===================
K A Z A K H S T A N
===================


ALLIANCE BANK: Bonds Valued at 17% in CDS Auction, Bloomberg Says
-----------------------------------------------------------------
Abigail Moses at Bloomberg News reports that Alliance Bank's bonds
got a final recovery value of 16.75 cents on the dollar in an
auction to settle credit-default swaps linked to debt of the
Kazakh lender.

Bloomberg News says according to auction administrators Markit
Group Ltd. and Creditex Group Inc., the price means that sellers
of swaps on the lender's bonds will pay 83.25 cents on the dollar
to settle the contracts.

Bloomberg News recalls Alliance Bank triggered default swaps when
it failed to make a principal payment of more than US$10 million
on a loan placed with foreign lenders.  It stopped paying
creditors after discovering US$1.1 billion of liabilities that
weren't reflected on its balance sheet and requested a standstill
on repayments, Bloomberg News recounts.  The bank, Bloomberg News
discloses, reported a loss of KZT16.4 billion (US$109 million) in
the first quarter of 2009 compared with a profit of KZT5.6 billion
in the same period last year.

Based in Almaty, Kazakhstan, Alliance Bank OA (LI:ALLB) --
http://www.alb.kz/-- a.k.a Alliance Bank JSC, is a commercial
bank.  As at December 31, 2007, Alliance had 24 branches and 199
mini-branches in the Republic of Kazakhstan.  The Bank is
organized on the basis of three main segments: Retail banking,
which represents private banking services, private customer
current accounts, savings, deposits, investment savings products,
custody, credit and debit cards, consumer loans and mortgages;
Corporate banking, which represents direct debit facilities,
current accounts, deposits, overdrafts, loan and other credit
facilities, foreign currency and derivative products, and
Investment banking, which represents financial instruments
trading, structured financing, corporate leasing, and merger and
acquisitions advice.

                         *     *     *

As reported in the Troubled Company Reporter-Europe on June 9,
2009, Standard & Poor's Ratings Services said that it lowered its
short-and long-term counterparty credit ratings on Kazakhstan-
based Alliance Bank JSC to 'D/D' (default) from 'SD/SD' (selective
default).

As reported in the TCR-Europe on Feb. 10, 2009, Moody's Investors
Service hdowngraded the long-term bank deposit and unsecured debt
ratings of Alliance Bank to B2 from Ba2.  At the same time, the E+
bank financial strength rating was lowered to E.  The bank's Not
Prime short-term ratings were affirmed.  Debt and deposit ratings
remain on review for possible further downgrade.


EATS LTD: Creditors Must File Claims by July 3
----------------------------------------------
Creditors of LLP Eats Ltd have until July 3, 2009, to submit
proofs of claim to:

         Dostyk Ave. 107-16
         050051 Almaty
         Kazakhstan
         Tel: 8 777 296 30-34

The Specialized Inter-Regional Economic Court of Almaty commenced
bankruptcy proceedings against the company on April 1, 2009, after
finding it insolvent.

The Court is located at:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Baizakov Str. 273b
         Almaty
         Kazakhstan


OBYEDINENIYE ZAVOD: Creditors Must File Claims by July 3
--------------------------------------------------------
Creditors of LLP Obyedineniye Zavod Stroitelnyh Materialov have
until July 3, 2009, to submit proofs of claim to:

         The Specialized Inter-Regional
         Economic Court of Pavlodar
         Djambulskaya Str. 6
         Pavlodar
         Kazakhstan

The Specialized Inter-Regional Economic Court of Pavlodar
commenced bankruptcy proceedings against the company on April 13,
2009.


OIL SINTEZ: Creditors Must File Claims by July 3
------------------------------------------------
Creditors of LLP Oil Sintez Atyrau have until July 3, 2009, to
submit proofs of claim to:

         Satpaev Str. 3
         Atyrau
         Kazakhstan

The Specialized Inter-Regional Economic Court of Atyrau commenced
bankruptcy proceedings against the company on April 6, 2009.

The Court is located at:

         The Specialized Inter-Regional
         Economic Court of Atyrau
         Satpaev Str. 3
         Atyrau
         Kazakhstan


STYLE STROY: Creditors Must File Claims by July 3
-------------------------------------------------
Creditors of LLP Style Stroy Complect have until July 3, 2009, to
submit proofs of claim to:

         The Specialized Inter-Regional Economic Court of Aktube
         Satpaev Str. 16
         Aktobe
         Aktube
         Kazakhstan

The Specialized Inter-Regional Economic Court of Aktube commenced
bankruptcy proceedings against the company on April 10, 2009.


VESTA LTD: Creditors Must File Claims by July 3
-----------------------------------------------
Creditors of LLP Company Vesta Ltd have until July 3, 2009, to
submit proofs of claim to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Satpaev Str. 16
         Aktobe
         Aktube
         Kazakhstan

The Specialized Inter-Regional Economic Court of Aktube commenced
bankruptcy proceedings against the company on April 14, 2009.


===========
R U S S I A
===========


ARKHANGELSK STEEL: Creditors Must File Claims by July 5
-------------------------------------------------------
Creditors of OJSC Arkhangelsk Steel Structure have until
July 5, 2009, to submit proofs of claims to:

         V. Mosharev
         Temporary Insolvency Manager
         Apt. 1
         Vyucheyskogo Str. 28
         163069 Arkhangelsk
         Russia

The Arbitration Court of Arkhangelsk will convene on Oct. 16,
2009, to hear bankruptcy supervision procedure on the company.
The case is docketed under Case No. ?053299/2009.

The Debtor can be reached at:

         OJSC Arkhangelsk Steel Structure
         Ilyicha Str. 61a
         163059 Arkhangelsk
         Russia


CHELYABINSKIY AUTOMATE: Under External Mgt. Bankruptcy Procedure
----------------------------------------------------------------
The Arbitration Court of Chelyabinskaya has commenced external
management bankruptcy procedure on FSUE Chelyabinskiy Automate
Mechanical Plant (PSRN 2057423530019).  The Case is docketed under
No. ?7616205/200660158.

The External Insolvency Manager is:

         V. Korobov
         Post User Box "Delo"
         127562 Moscow
         Russia

The Debtor can be reached at:

         FSUE Chelyabinskiy Automate Mechanical Plant
         Yaroslavskaya Str. 1
         Chelyabinskk
         Russia


CONSTRUCTION MATERIALS: Creditors Must File Claims by July 5
------------------------------------------------------------
The Arbitration Court of Smolenskaya commenced bankruptcy
proceedings against LLC Construction Materials (TIN 6726008339)
(Brick Plant) after finding the company insolvent.  The case is
docketed under Case No. ?625284/2008.

Creditors have until July 5, 2009, to submit proofs of claims to:

         N. Pisarenkova
         Insolvency Manager
         Post User Box 309
         214000 Smolensk
         Russia

The Debtor can be reached at:

         LLC Construction Materials
         Kommunalnaya Str. 9
         Safonovo
         Smolenskaya
         Russia


CREDIT BANK: Moody's Changes Outlook on 'B1' Ratings to Negative
----------------------------------------------------------------
Moody's Investors Service has changed the outlook on the B1 long-
term global local and foreign currency deposit and senior
unsecured debt ratings of Credit Bank of Moscow to negative from
stable and has affirmed all of the bank's global scale ratings.
At the same time, Moody's Interfax Rating Agency has downgraded
CMB's long-term national scale credit ratings to A2.ru from A1.ru.
Moscow-based Moody's Interfax is majority owned by Moody's, a
leading global rating agency.

"The outlook change reflects Moody's concerns that the worsening
economic conditions in Russia are likely to translate into a
deterioration of CMB's financial fundamentals.  In particular,
potential asset quality deterioration is likely to deplete the
bank's capital cushion and put some pressure on its liquidity,
which is heavily dependent on wholesale funding," said Vladlen
Kuznetsov, a Moscow-based Moody's Assistant Vice President-Analyst
and lead analyst for this issuer.

Moody's notes that CMB's asset quality is particularly vulnerable
to exposure to the sectors that currently dominate its loan
portfolio such as trade and construction materials, which are
currently experiencing difficulties.  Although borrowers in these
sectors vary in terms of financial standing, with some displaying
quite solid financials, CMB's asset quality has already started to
deteriorate in line with the overall macroeconomic environment,
reflected in an increase in overdue loans and potential problem
loans.  Such loans increased several times from year-end 2007.  In
addition, the retail portfolio (1.4x equity) and, in particular,
the mortgage portfolio (which accounts for 78% of equity and
encompasses around 10% of restructured and overdue loans) also
show signs of deterioration.  This situation is aggravated by
significant concentrations of loans in proportion to equity (e.g.
the top 20 loans accounted for more than 1.7x total equity), thus
placing additional pressure on economic capital.

Moody's explains that it has applied a number of scenarios (base-
case and stressed) to the banks' loan books and reveals that CMB's
capital adequacy could rapidly decline in the event of overall
asset quality starting to deteriorate.  However, a new
RUB3 billion capital injection is expected to support the capital
adequacy level above 8% in the base-case scenario, assuming the
bank's loan book will not grow materially over the course of 2009.
Moody's notes that the capital is expected to be registered by the
end of June 2009.  However, the planned growth (the loan book is
expected to grow by 1.5 times during 2009) is likely to offset the
benefits of additional capitalization.

Liquidity, while currently adequate, could be challenged by the
significant increase in restructured loans during the period of
planned growth.  Moody's estimates that an increase in the ratio
of extended loans to 15% of the loan book will force CMB to
decrease new business generation by 40% in order to repay one-
third of customer deposits, all financing from the Central Bank of
Russia, which represents 19% of non-equity funding, and other
short-term wholesale funding (around 17% of funding base).  In
addition, the bank has a good liquidity cushion with which to
repay all short-term funding in case of restructuring the majority
of CMB's loan book if the bank stops to generate new business.
However, Moody's cautious that the bank's significant growth
strategy, including a greater reliance on short-term funding in a
deteriorating macroeconomic environment with an accompanying
increase in delinquencies, is likely to place liquidity under
pressure.

Moody's previous rating action on CMB was on September 23, 2008,
when the rating agency changed the outlook on the bank's ratings
to stable from positive.

Headquartered in Moscow, Russia, CMB reported total consolidated
assets of US$2.1 billion and total shareholders' equity of
US$218.7 million at year-end 2008.  CMB is active in corporate and
retail, with the majority of its operations concentrated in
Moscow.


EVROSTROY-ENGINEERING LLC: Creditors Must File Claims by July 5
---------------------------------------------------------------
The Arbitration Court of Murmanskaya commenced bankruptcy
proceedings against  LLC Evrostroy-Engineering (TIN 5190117123,
RVC 519001001) (Construction) after finding the company insolvent.
The case is docketed under Case No. ?421210/2009.

Creditors have until July 5, 2009, to submit proofs of claims to:

         V. Zakharov
         Insolvency Manager
         Post User Box 106
         Kandalaksha
         184040 Murmanskaya
         Russia

The Debtor can be reached at:

         LLC Evrostroy-Engineering
         Apt. 102
         KildinskayaStr. 9
         Murmansk
         Russia


LENSKAYA MINING: Creditors Must File Claims by July 5
-----------------------------------------------------
The Arbitration Court of Irkutskaya commenced bankruptcy
supervision procedure on CJSC Lenskaya Mining Company (TIN
3802005697).  The case is docketed under Case No. ?195956/0937.

Creditors have until July 5, 2009, to submit proofs of claims to:

         I. Kozlov
         Temporary Insolvency Manager
         Post User Box 55
         664022 Irkutsk
         Russia

The Court is located at:

         The Arbitration Court of Irkutskaya
         Gagrina Blvd. 70
         664025 Irkutsk
         Russia

The Debtor can be reached at:

         CJSC Lenskaya Mining Company
         Stoyanovicha Str. 34
         Bodaybo
         Irkutskaya
         Russia


VIMPELCOM: Russian Bailiffs to Sell Telenor Stake to Pay Fine
-------------------------------------------------------------
Anastasia Ustinova and Meera Bhatia at Bloomberg News reports that
Russian bailiffs said they will sell Telenor ASA's stake in OAO
VimpelCom to pay a US$1.7 billion fine.

Bloomberg News recalls in March, bailiffs seized Telenor's stake
after a Siberian court ruled it had hindered VimpelCom's expansion
and awarded US$1.7 billion in damages.

Bloomberg News relates Norway-based Telenor, which owns more than
25 percent of Vimpelcom, said Friday according to a statement by
Russia's State Property Agency, Fornebu, preparations for the sale
will take at least two months.

"The sale process has not been initiated; the bailiffs just said
they're ready to hand over the shares to those who will conduct
the auction," Dag Melgaard, a Telenor spokesman, told Bloomberg
News via phone.  "We'll use all the legal means at our disposal to
stop this.  They can't go ahead with this until the case has been
fully processed by the legal system."

Konstantin Chernyshev, an analyst at Uralsib Financial, as cited
by Bloomberg News, said "The sale would send a negative signal to
the foreign investors that minority shareholders find little
protection from the Russia judicial system."

                      About VimpelCom

Headquartered in Moscow, Russia, VimpelCom (NYSE: VIP) --
http://www.vimpelcom.com/-- provides mobile telecommunications
services in Russia and Kazakhstan with newly acquired operations
in Ukraine, Tajikistan and Uzbekistan.  The Company operates
under the 'Beeline' brand in Russia and Kazakhstan.  In
addition, VimpelCom is continuing to use 'K-mobile' and 'EXCESS'
brands in Kazakhstan.

                        *     *     *

OJSC Vimpel Communications continues to carry Ba2 long-term
corporate family rating from Moody's Investors Service with
negative outlook.  Moody's changed the outlook on the Ba2 CFR from
positive in April 2009.


* S&P Affirms 'B-' Issuer Rating on Balashikha City District
------------------------------------------------------------
Standard & Poor's Ratings Services said that it had affirmed its
'B-' long-term issuer credit and 'ruBBB-' Russia national scale
ratings on Russian Balashikha City District and removed them from
CreditWatch, following the city district's extension of its debt
obligation and revision of its budget, which provides more clarity
on its debt-servicing policy in 2009.  The outlook, which was
negative before the CreditWatch placement, is negative.  The
ratings had been placed on CreditWatch with negative implications
on March 18, 2009.

"The ratings reflect Balashikha's liquidity pressures and
continuing exposure to short-term bank and budget loans, despite
its extension of the bank loan due in March 2009 and revision of
the budget," said Standard & Poor's credit analyst Karen
Vartapetov.  "The ratings also incorporate our concerns about
management's lack of debt strategy and its inability to envisage
alternative debt policy options."

These constraints are offset by Balashikha's strategic location
near Russia's capital and the city district's modest debt levels.

Balashikha's direct debt is moderate and S&P does not expect it to
exceed 10% in 2009.  The city district's proximity to the City of
Moscow (BBB/Negative/--) will continue to support its economy and
revenue flow.

As of June 11, 2009, the city's cash reserves, most of which were
earmarked grants from the Moscow Oblast accounted for only 2%-3%
of the city district's operating spending in 2009.

The outlook is negative because S&P expects Balashikha's liquidity
pressures to continue and because of its short-term debt profile,
which is exacerbated by developing debt management.  S&P is also
concerned about the city district's worsening budgetary
performance in 2009, which was triggered by weaker revenues, and
the uncertainty of fiscal grants from the Moscow Oblast.

A revision of the outlook to stable will depend on the city
district's ability to significantly improve its liquidity
position, with extension of its debt maturities and a demonstrably
more prudent approach to debt policies. Balashikha's ability to
achieve solid operating surpluses in 2009-2010 could also support
a positive rating action.

"Ratings downside could result from the city district's
undertaking riskier policies with higher exposure to short-term
debt during 2009, and suffering from weaker-than-expected
financial performance," said Mr. Vartapetov.


=========
S P A I N
=========


GAT ICO: Moody's Assigns 'C' Ratings on Series D Notes
------------------------------------------------------
Moody's Investors Service assigned definitive credit ratings to
these classes of Notes issued by GAT ICO FTVPO 1 FTH:

  -- Aaa to the EUR 331.6 million Series A(G) notes
  -- A2 to the EUR 9.8 million Series B(CA) notes
  -- A2 to the EUR 3.3 million Series B(CM) notes
  -- A2 to the EUR 2.7 million Series B(CP) notes
  -- A2 to the EUR 2.0 million Series B(CT) notes
  -- Ba2 to the EUR 3.2 million Series C(CA) notes
  -- Ba2 to the EUR 2.3 million Series C(CM) notes
  -- Ba2 to the EUR 1.5 million Series C(CP) notes
  -- Ba2 to the EUR 1.5 million Series C(CT) notes
  -- C to the EUR 6.1 million Series D(CA) notes
  -- C to the EUR 2.5 million Series D(CM) notes
  -- C to the EUR 1.6 million Series D(CP) notes
  -- C to the EUR 1.4 million Series D(CT) notes

Moody's previously assigned provisional ratings to these notes on
June 15, 2009.

The definitive ratings address the expected loss posed to
investors by the legal final maturity.  In Moody's opinion, the
structure allows for timely payment of interest and ultimate
payment of principal at par on or before the rated final legal
maturity date on Series A(G), B and C, and for ultimate payment of
interest and principal at par on or before the rated final legal
maturity date on Series D.  Moody's ratings address only the
credit risks associated with the transaction.  Other non-credit
risks have not been addressed but may have a significant effect on
the yield to investors.

The transaction represents the securitization of Spanish
residential mortgage loans originated by Caixa Catalunya, Caixa
Manresa, Caixa Penedes and Caixa Terrassa.  GAT ICO FTVPO 1 FTH is
a RMBS transaction carried out with the guarantee of the ICO (Aaa/
P-1) for the A(G) notes.  The loans included in the securitization
fund must comply with certain conditions of the ICO FTVPO program.
The product being securitized is around 100% VPO properties.  VPOs
are residential properties that are offered at a lower price than
the market value as a result of the various forms of government
aid.  This price reduction is possible thanks to the subsidies
provided by the government to the construction companies, which
enables them to reduce the final purchase price of the property.

The provisional pool comprises 9,140 loans which were originated
between 1993 and 2007 with a weighted-average seasoning of 5 years
and a weighted-average remaining term of 15.08 years.  The longest
loan matures in April 2033.  All the loans are secured by a first-
lien mortgage guarantee on residential properties with a current
LTV lower than 80%.  The current weighted-average LTV is 60.12%.
Geographically, the pool is concentrated in the Region of
Catalonia (69.45%), a natural consequence of the location of the
originators involved in the transaction.

The V Score for this transaction is Medium/High, which is higher
than the Medium V score assigned for the Spanish RMBS sector.  The
four broad components underlying the V Score have been assessed
higher than the average for Spanish RMBS sector.  Components. 1.
Sector Historical Data Adequacy and Performance Variability, 2.
Issuer/Sponsor/Originator Historical Data Adequacy and 3.
Complexity and Market Value Sensitivity are Medium/High, which are
higher than the V score assigned for the Spanish RMBS sector and
this is driven by the limited historical data for the VPO sector.
Moreover historical infomation provided by originators doesn't
cover a severe stress scenario, and the collateral characteristics
and the complex cash flow allocations increases the complexity of
the analysis of the transaction.  Class A as a single class is
cross-collaterised by all four pools.  The pool is cross-
collaterised for the Series A through the use of compensatory
interest and principal payments, which allow cash flows from one
sub-pool to be used to make up interest or principal shortfall in
another sub-poolThe V-Score has been assigned accordingly to the
report "V-Scores and Parameter Sensitivities in the Major EMEA
RMBS Sectors" published in April 2009.

The Spanish Government announced on November 4, 2008 a package of
aid to assist unemployed, self employed and pensioneer borrowers
through a form of mortgage subsidy aid.  It is unclear how the
transaction will be affected, although both liquidity and credit
implications are possible on this portfolio.  However, any
implications on the ratings will ultimately depend on the actual
financial aid conditions which will be approved.

The ratings of the Notes are based upon the analysis of the
characteristics of the mortgage pool backing the Notes, the
protection the Notes receive from credit enhancement against
defaults and arrears in the mortgage pool, the legal and
structural integrity of the issue and the credit quality of the
parties involved in the transaction.


===========
S W E D E N
===========


FORD MOTOR: Denies Volvo Sale Deal with China's Geely
-----------------------------------------------------
Freep.com reports that Ford Motor co. denied that it has reached a
tentative deal with China's Geely Automobile Co. to sell Volvo.

Freep.com relates Shenzhen News Net, in a report Friday, said Ford
and Geely have reached a preliminary agreement, but are still
working out many details such as the transfer of technology, the
Swedish unit's market position and any layoffs following the sale.

According to Freep.com, Ford of Europe spokesman John Gardiner
said in an e-mail to the Free Press on Friday "No final decisions
have been made."

As reported in the Troubled Company Reporter on May 7, 2009,
Bloomberg News said Geely and at least three more bidders were
reviewing the books of Volvo.  Citing people familiar with the
matter, Bloomberg News disclosed Geely sent a team to
Volvo's factory in Gothenburg, Sweden, in April to scrutinize the
company's financial records.

Bloomberg News, citing people familiar with the matter, said that
Ford was seeking US$2 billion for Volvo, less than a third of what
it paid for the unit a decade ago.  Ford put Volvo up for sale in
December 2008 after the unit's U.S. sales dropped 31%, Bloomberg
News recalled.

                         About Ford Motor

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles in
200 markets across six continents.  With about 260,000 employees
and about 100 plants worldwide, the company's core and affiliated
automotive brands include Ford, Jaguar, Land Rover, Lincoln,
Mercury, Volvo, Aston Martin, and Mazda.  The Company provides
financial services through Ford Motor Credit Company.

The Company has operations in Japan in the Asia Pacific region. In
Europe, the Company maintains a presence in Sweden, and the United
Kingdom.  The Company also distributes its brands in various
Latin-American regions, including Argentina and Brazil.

                          *     *     *

As reported by the Troubled Company Reporter on April 15, 2009,
Standard & Poor's Ratings Services said it raised its ratings on
Ford Motor Co. and related entities, including the corporate
credit rating, to 'CCC+' from 'SD-'.  The ratings on Ford Motor
Credit Co. are unchanged, at 'CCC+', and the ratings on FCE Bank
PLC, Ford Credit's European bank, are also unchanged, at 'B-',
maintaining the one-notch rating differential between FCE and its
parent Ford Credit.  S&P said that the outlook on all entities is
negative.

Moody's Investors Service in December 2008 lowered the Corporate
Family Rating and Probability of Default Rating of Ford Motor
Company to Caa3 from Caa1 and lowered the company's Speculative
Grade Liquidity rating to SGL-4 from SGL-3.  The outlook is
negative.  The downgrade reflects the increased risk that Ford
will have to undertake some form of balance sheet restructuring to
achieve the same UAW concessions that General Motors and Chrysler
are likely to achieve as a result of the recently-approved
government bailout loans.  Such a balance sheet restructuring
would likely entail a loss for bond holders and would be viewed by
Moody's as a distressed exchange and consequently treated as a
default for analytic purposes.


=====================
S W I T Z E R L A N D
=====================


AD ARMATUREN: Creditors Must File Claims by June 30
---------------------------------------------------
Creditors of AD Armaturen Depot AG are requested to file their
proofs of claim by June 30, 2009, to:

         WIDAR Treuhand AG
         Mail Box 709
         3900 Brig-Glis
         Switzerland

The company is currently undergoing liquidation in Brig-Glis.  The
decision about liquidation was accepted at a general meeting held
on March 31, 2009.


AUTOSPRITZWERK RYF: Claims Filing Deadline Is June 30
-----------------------------------------------------
Creditors of Autospritzwerk Ryf GmbH are requested to file their
proofs of claim by June 30, 2009, to:

         Thomas and Jacqueline Ruth
         Liquidators
         Stetterstrasse 10b
         5507 Mellingen
         Switzerland

The company is currently undergoing liquidation in Mellingen.  The
decision about liquidation was accepted at a shareholders' meeting
held on April 15, 2009.


FINAJOUR GMBH: Claims Filing Deadline Is June 30
-------------------------------------------------
Creditors of FINAJOUR GmbH are requested to file their proofs of
claim by June 30, 2009, to:

         Aviso Treuhand AG
         4002 Basel
         Switzerland

The company is currently undergoing liquidation in Therwil.  The
decision about liquidation was accepted at a shareholders' meeting
held on April 1, 2009.


INTERNATIONAL WATER: Claims Filing Deadline Is June 30
-------------------------------------------------------
Creditors of International Water Services Ltd are requested to
file their proofs of claim by June 30, 2009, to:

         International Water Services Ltd
         Innere Gueterstrasse 4
         6304 Zug
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at a general meeting held
on April 30, 2009.


NWT COMMODITIES AG: Creditors Must File Claims by June 26
---------------------------------------------------------
Creditors of NWT Commodities AG are requested to file their proofs
of claim by June 26, 2009, to:

         Action Treuhand AG
         Innere Gueterstrasse 4
         6304 Zug
         Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
general meeting held on April 20, 2009.


PLASCHY & PARTNER: Claims Filing Deadline Is June 26
----------------------------------------------------
Creditors of Plaschy & Partner GmbH are requested to file their
proofs of claim by June 26, 2009, to:

         Plaschy & Partner GmbH
         Eigerstrasse 19
         3007 Bern
         Switzerland

The company is currently undergoing liquidation in Bern.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on April 22, 2009.


RIDERS RESTAURANT: Claims Have Until June 29 to File Claims
-----------------------------------------------------------
Creditors of Riders Restaurant GmbH are requested to file their
proofs of claim by June 29, 2009, to:

         Wagner Treuhand AG
         Am Rueschelbach 2a
         4418 Reigoldswil
         Switzerland

The company is currently undergoing liquidation in Densbueren.
The decision about liquidation was accepted at a shareholders'
meeting held on Oct. r 27, 2008.


SUHRWIDE GMBH: Creditors Must File Claims by June 30
----------------------------------------------------
Creditors of Suhrwide GmbH are requested to file their proofs of
claim by June 30, 2009, to:

         Suhrwide GmbH
         5412 Gebenstorf
         Switzerland

The company is currently undergoing liquidation in Suhr.  The
decision about liquidation was accepted at an extraordinary
shareholders' meeting held on March 19, 2009.


UBEG BERATUNG: Claims Filing Deadline Is June 29
------------------------------------------------
Creditors of UBEG Beratung und Engineering GmbH are requested to
file their proofs of claim by June 29, 2009, to:

         W. Uboldi
         Frauenfelderstr. 70a
         8570 Weinfelden
         Switzerland

The company is currently undergoing liquidation in Weinfelden.
The decision about liquidation was accepted at an extraordinary
shareholders' meeting held on April 2, 2009.


===========
T U R K E Y
===========


ALBARAKA TURK: S&P Assigns 'BB-/B' Counterparty Credit Ratings
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it has assigned its
'BB-/B' long- and short-term counterparty credit ratings to
Albaraka Turk Katilim Bankasi AS.  The outlook is negative.

"The ratings on Albaraka Turk reflect its proven track record in
Turkey's participation banking market -- based on interest-free
principles -- adequate capitalization and funding, and limited
market risk," said Standard & Poor's credit analyst Goeksenin
Karagoez.

The ratings are constrained by the high-risk operating environment
in the Republic of Turkey (foreign currency ratings
BB-/Negative/B), the bank's small size and market share, limited
diversification, and above-average credit risk due to its large
exposure to the small and midsize enterprise market.

Albaraka Turk is 56.6%-owned and controlled by Albaraka Banking
Group (B.S.C.) (ABG, BBB-/Stable/A-3).  S&P classifies the bank as
a strategically important and the largest subsidiary of ABG, which
represented 28% and more than 40% of total group assets and
profits in 2008.

"The negative outlook mirrors that on Turkey, which S&P revised to
negative on Nov. 13, 2008, but also reflects S&P's expectation of
asset quality deterioration," said Mr. Karagoez.

If the economic environment deteriorates, domestic banks will have
to operate amid more difficult and volatile financial conditions,
which will exert pressure on the fundamentals of banks, primarily
asset quality.  Therefore, the ratings on Albaraka Turk will
remain highly correlated with sovereign creditworthiness.  Any
deterioration in Turkey's creditworthiness would negatively affect
the bank's credit profile.  S&P would revise the outlook on the
bank to stable, in a scenario where the outlook on the sovereign
is revised to stable, only if Albaraka Turk proves resilient to
current market conditions.


=============
U K R A I N E
=============


LAURIT LLC: Creditors Must File Claims by July 1
------------------------------------------------
Creditors of LLC Science and Production Enterprise Laurit (code
EDRPOU 30141116) have until July 1, 2009, to submit proofs of
claim to:

         O. Doloshko
         Insolvency Manager
         Post Office Box 4589
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company on May 13, 2009.  The case is docketed under
Case No. B-50/29-09.

The Court is located at:

         The Economic Court of Kharkov
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

         LLC Science and Production Enterprise Laurit
         Tsementnaya Str. 3
         61064 Kharkov
         Ukraine


NEW TOWN LLC: Court Starts Bankruptcy Supervision Procedure
-----------------------------------------------------------
The Economic Court of Kiev commenced bankruptcy supervision
procedure on LLC New Town (code EDRPOU 32662121).

The Insolvency Manager is:

         V. Tkachuk
         Office 2
         A. Akhmatova Str. 9/18
         02068 Kiev
         Ukraine

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Str. 44-b
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC New Town
         Panelnaya Str. 2
         02002 Kiev
         Ukraine


RADIAL LLC: Creditors Must File Claims by July 1
------------------------------------------------
Creditors of LLC Radial (code EDRPOU 33481178) have until
July 1, 2009, to submit proofs of claim to:

         S. Korolev
         Insolvency Manager
         Office 15
         Petrovsky Str. 6/8
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company on May 8, 2009.  The case is docketed under
Case No. B-50/12-09.

The Court is located at:

         The Economic Court of Kharkov
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

         LLC Radial
         Sportivnaya Str. 136
         Sanzhary
         Kharkov
         Ukraine


TRANSFER-FINANCE LLC: Court Starts Bankruptcy Procedure
-------------------------------------------------------
The Economic Court of Kharkov commenced bankruptcy supervision
procedure on LLC Company Transfer-Finance (code EDRPOU 33120869).

The Insolvency Manager is:

         S. Gordeyev
         Office 18
         Gorishny Str. 128
         Chuguyev
         Kharkov
         Ukraine

The Court is located at:

         The Economic Court of Kharkov
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

         LLC Company Transfer-Finance
         Universitetskaya Lane 1
         61003 Kharkov
         Ukraine


VOLIN-PACK CJSC: Court Starts Bankruptcy Supervision Procedure
--------------------------------------------------------------
The Economic Court of Kharkov commenced bankruptcy supervision
procedure on Joint Ukrainian and Slovakian CJSC Volin-Pack (code
EDRPOU 21746726).  The company's insolvency manager is O.
Doloshko.

The Court is located at:

         The Economic Court of Kharkov
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Debtor can be reached at:

          Joint Ukrainian and Slovakian CJSC Volin-Pack
          Office 75
          Traktorostroiteley Ave. 140-b
          61121 Kharkov
          Ukraine


==========================
U N I T E D  K I N G D O M
==========================


AVIEMORE HIGHLAND: In Administration; Pwc Appointed
---------------------------------------------------
Bruce Cartwright and Graham Frost, partners at
PricewaterhouseCoopers LLP in Scotland were appointed as joint
administrators of Aviemore Highland Resort on Friday,
June 19, 2009.

Following this appointment, the administrators announced the sale
of the business and assets to Macdonald Hotels Ltd, which
previously managed the resort.

The sale, which took place as part of a restructure of the
business following the appointment of the administrators, brings
the operation under the direct control of Macdonald Hotels,
preserving 300 jobs and long-term employment and tourism
opportunities within the local community.

The new owners have also confirmed that it is their intention to
honour any existing Resort bookings and obligations to trade
suppliers.

Set in the Cairngorm National Park, Aviemore Highland Resort was
previously owned by a consortium comprising of Macdonald Hotels,
Bank of Scotland and Tulloch.  The Resort operates four hotels
with accommodation for up to 1,000 residents, 18 lodges,
conference centre and a range of leisure facilities all set within
the 100 acre site,

Bruce Cartwright, joint administrator and partner at PwC Scotland,
said, "It is widely acknowledged that Aviemore Highland Resort has
encountered financial difficulties over recent years.  A
contributing factor to this has been the prolonged planning
process with regards to the second and final phase of the Resort.

"The various parties involved in this restructure recognise the
importance of this unique Resort to the local community and the
Highlands, and we believe that the sale of the business provides
the best platform for further development.

"At the same time, the purchaser has confirmed continuity of
employment for the entire workforce and has also recognized the
importance of its supply base, factors that are crucial not only
for the local community but also the central Highlands."


BRITISH AIRWAYS: Must Not Be Bailed Out by UK Gov't, Branson Says
-----------------------------------------------------------------
Alan Tovey at Telegraph.co.uk reports that Sir Richard Branson,
the founder of Virgin Atlantic, said the UK government should not
bail out British Airways plc if the carrier loses its "fight for
survival".

Mr. Branson, as cited by Telegraph.co.uk, said any attempt to bail
out the BA would be a mistake.  Telegraph.co.uk relates in an
interview with The Sunday Times newspaper Mr. Branson said: "I
thought the US government's bail-out of the car industry was a bad
idea and it's the same for BA.  It would not be in Britain's
interest."

Telegraph relates a spokesperson for BA, however, dismissed any
speculation that the airline would ever seek or even need a
handout from the state.  "This is fantasy," the BA spokesperson
was quoted by Telegraph.co.uk as saying.  "There are no talks with
the Government and there will be no talks. We have opposed state
aid and our position has not changed."

According to Telegraph.co.uk, Virgin said it had considered
bidding for BA but decided its liabilities were too big.  It said
it was ready to take over BA's valuable slots at Heathrow if the
rival carrier got into trouble, Telegraph.co.uk notes.

Telegraph.co.uk recalls Willie Walsh, BA's chief executive, has
warned his 40,000 employees that the airline is battling for its
life, after it reported a record GBP401 million pre-tax loss,
compared with a profit of GBP922 million the year before.  It is
also facing a near-GBP3 billion hole in pension fund, almost
double BA's market capitalization of GBP1.6 billion,
Telegraph.co.uk discloses.

On May 26, 2009, the Troubled Company Reporter-Europe, citing Dow
Jones, reported BA's net debt nearly doubled to GBP2.4 billion for
the 12 months ended March 31, compared with GBP1.3 billion a year
earlier.  Its cash balance was just under GBP1.4 billion, down
GBP483 million, Dow Jones disclosed.

                     About British Airways

Headquartered in Harmondsworth, England, British Airways Plc
(LON:BAY) -- http://www.ba.com/-- is engaged in the operation of
international and domestic scheduled air services for the carriage
of passengers, freight and mail, and the provision of ancillary
services.  The Company's principal place of business is Heathrow.
The Company also operates a worldwide air cargo business with its
scheduled passenger services.  The Company operates international
scheduled airline route networks, comprising some 300 destinations
at March 31, 2008.  During the fiscal year ended March 31, 2008
(fiscal 2008), British Airways carried more than 33 million
passengers.  It carried 805,000 tons of cargo to destinations in
Europe, the Americas and worldwide.  At March 31, 2008, it had 245
aircraft in service.  In July 2008, British Airways plc completed
the purchase of French airline L'Avion.

                     *     *     *

As reported in the Troubled Company Reporter-Europe on March 10,
2009, Standard & Poor's Ratings Services said that it lowered its
long-term corporate credit rating on U.K.-based British Airways
PLC to 'BB+' from 'BBB-'.  At the same time, the rating remains on
CreditWatch with negative implications, where it was originally
placed on Jan. 27, 2009.

On Feb. 13, 2009, the TCR-Europe reported Moody's lowered the
Corporate Family Rating of British Airways plc ('BA', or 'the
company') to Ba1, and assigned a Probability of Default Rating of
Ba1; the senior unsecured and subordinate ratings have been
lowered to Ba2 and Ba3, respectively.  The ratings remain under
review for possible downgrade.


BRITISH AIRWAYS: Mulls Sale of OpenSkies Subsidiary
---------------------------------------------------
BreakingNews.ie reports that British Airways plc is considering
selling its OpenSkies subsidiary.

Citing the Observer newspaper, the report discloses the airline is
believed to be considering winding up or selling the business,
which it acquired in 2008.

According to the report, the business, which was named after the
Open Skies treaty, is currently running at a loss, and under its
original business plan is not expected to make a profit until the
third year of its operation.

"We are reviewing all aspects of our business in the current
economic environment," the report quoted a BA spokesman
as saying.  "OpenSkies is a small part of our business and its
losses are not significant compared to losses in other parts of
the company."

The report says the subsidiary, which flies out of Orly Paris and
Schiphol Amsterdam airports has only four Boeing 757 aircraft,
which it is thought BA could sell if it closes down the operation.

                     About British Airways

Headquartered in Harmondsworth, England, British Airways Plc
(LON:BAY) -- http://www.ba.com/-- is engaged in the operation of
international and domestic scheduled air services for the carriage
of passengers, freight and mail, and the provision of ancillary
services.  The Company's principal place of business is Heathrow.
The Company also operates a worldwide air cargo business with its
scheduled passenger services.  The Company operates international
scheduled airline route networks, comprising some 300 destinations
at March 31, 2008.  During the fiscal year ended March 31, 2008
(fiscal 2008), British Airways carried more than 33 million
passengers.  It carried 805,000 tons of cargo to destinations in
Europe, the Americas and worldwide.  At March 31, 2008, it had 245
aircraft in service.  In July 2008, British Airways plc completed
the purchase of French airline L'Avion.

                     *     *     *

As reported in the Troubled Company Reporter-Europe on March 10,
2009, Standard & Poor's Ratings Services said that it lowered its
long-term corporate credit rating on U.K.-based British Airways
PLC to 'BB+' from 'BBB-'.  At the same time, the rating remains on
CreditWatch with negative implications, where it was originally
placed on Jan. 27, 2009.

On Feb. 13, 2009, the TCR-Europe reported Moody's lowered the
Corporate Family Rating of British Airways plc ('BA', or 'the
company') to Ba1, and assigned a Probability of Default Rating of
Ba1; the senior unsecured and subordinate ratings have been
lowered to Ba2 and Ba3, respectively.  The ratings remain under
review for possible downgrade.


CATALYST HEALTHCARE: S&P Lowers Underlying Debt Ratings to 'BB+'
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
underlying ratings (SPUR) on the debt issued by U.K.-based
special-purpose vehicle Catalyst Healthcare (Manchester) Financing
PLC (ProjectCo) to 'BB+' from 'BBB-'.  At the same time, Standard
& Poor's placed the SPURs on CreditWatch with negative
implications.

The debt comprises a GBP175 million senior secured European
Investment Bank loan due in 2037 and GBP218.05 million variable
rate bonds (including GBP38 million variation bonds) due in 2040.

The insured long-term 'A' rating and negative outlook on the loan
and bonds reflect the unconditional and irrevocable guarantee
provided by Ambac Assurance U.K. Ltd. (A/Negative/--) of payment
of scheduled interest and principal on the bonds and will be
revised in line with any changes to the rating or outlook on
Ambac.

The recovery rating is unchanged at '2', reflecting Standard &
Poor's expectation of substantial (70%-90%) recovery of principal
in the event of a payment default and in the absence of the
guarantee.

"The downgrade reflects the effect of recent RPI volatility on the
financial profile of Catalyst Healthcare (Manchester) Financing,"
said Standard & Poor's credit analyst James Hoskins.

Various elements of the financial structure--including the
principal outstanding on the bonds and EIB debt, unitary payments,
and operational costs -- are indexed to the RPI but with different
effective dates.  The unitary charge and FM costs are indexed
annually in April based on the February index, whereas the debt is
indexed semiannually in March and September based on the January
and July indexes.

In addition, RPI deflation causes a significant increase in
taxable profits, resulting in an additional tax charge, which
consequently reduces the project's DSCR.  When the bond index
increases (inflates), a tax deductable indexation charge is made
to the profit and loss account.  However, bond index decreases
(deflation) result in a taxable credit, which leads to additional
tax payments falling due.

ProjectCo has revised its financial model based on an assumed RPI
of 1.05% for the year ending April 2010, which would result in a
minimum DSCR of 1.10x, which S&P does not consider to be in line
with an investment-grade rating.  ProjectCo has run several
sensitivities for various levels of RPI during the year, which
show that an RPI of negative 1.5% would depress the DSCR to a
minimum of 1.07x.  Positively, once RPI stabilizes, ProjectCo
expects the DSCR to rapidly improve to a minimum of about 1.18x by
late 2010.  However, if Ambac is downgraded during the year, then
the minimum may be slightly lower in the event that the EIB
enforces its right to increase the margin on its loan.

The project's collateral deed contains an event of default, which
is triggered if the DSCR falls to less than or equal to 1.05x in
any single historical test period.  If breached, this would allow
Ambac, as the current controlling creditor, to take a number of
actions including enforcement of security or making all
outstanding debt immediately due.  At this stage, S&P does not
believe there is a strong rationale for the controlling creditor
to act to cause a ProjectCo payment default on the bonds, so long
as the longer-term prospects for the project are reasonably
strong.

The SPUR reflects these credit risks: the project's exposure to
RPI volatility; the weak hard FM service delivery to date, which
has strained the relationship between the Central Manchester and
Manchester Children's University Hospitals National Health Service
Trust and the service provider, Sodexho Healthcare Services Ltd.;
the commercial dispute on the level of deductions owed by Sodexho,
which has resulted in the suspension of the payment mechanism
deductions at present; and the project's aggressive financial
profile with a significantly back-ended amortization profile.

These risks are offset by these credit strengths: the main phase
of construction is due to be completed on June 22, 2009, and
ProjectCo will then receive 100% of the unitary charge; the
project benefits from strong consortium members; due to the
distribution covenant being triggered in 2008, ProjectCo has
significant cash reserves; ProjectCo has an availability-based
revenue stream, with no volume or market exposure; FM service
delivery has significantly improved recently and ProjectCo
considers that services are now being delivered in accordance with
the contract.

S&P will aim to resolve the CreditWatch within the next three
months once the July RPI figures are published, which will set the
basis for the rate of bond indexation in September 2009.  S&P
could lower the SPUR by more than one notch if the project's
financial profile further weakens to at or near the technical
event of default level of 1.05x.

However, S&P could affirm the SPUR and revise the outlook to
stable if S&P believes the project's financial profile has
stabilized as demonstrated by the DSCRs remaining close to or
better than the historical distribution covenant of 1.10x.

S&P could raise the SPUR or revise the outlook to positive if
DSCRs improve beyond the forward-looking distribution covenant of
1.15x, a stable period of operations has been delivered, and the
relationship between the parties has improved.


CEVA GROUP: Moody's Cuts Probability of Default Rating to 'Ca'
--------------------------------------------------------------
Moody's Investors Service has downgraded CEVA Group plc's
Probability of Default Rating to Ca from Caa1 and the senior
subordinated rating on the EUR225 million notes due 2016 to Ca
from Caa3.  All other ratings remain unchanged at these levels:
Corporate Family Rating at Caa1, senior secured rating at B1; and
senior secured second lien and senior unsecured ratings at Caa2.
The outlook for the ratings is negative.

"The rating action follows the company's offer to exchange part of
CEVA's existing senior unsecured notes due 2014, senior
subordinated notes due 2016 and senior unsecured bridge loan for
up to EUR210 million of new Second-Priority Secured Notes as
announced on June 19, 2009, and Moody's view that the proposed
transaction constitutes a distressed exchange that is seen as a
default, under the rating agency's definition", says Paolo
Leschiutta, a Moody's Vice President - Senior Analyst responsible
for CEVA.  "The PDR of Ca reflects Moody's view that the offer is
likely to conclude for at least part of the debt instruments
affected by this transaction as no specific approval is needed,
while the CFR at Caa1 reflects the relatively high recovery rate
being offered and Moody's expectation that once the offer is
complete the company will remain at least in line with a CFR of
Caa1," continued Mr. Leschiutta.

Under the proposed scenarios bond and loan holders who accept the
exchange will receive a quota of a newly issued EUR210 million
Second Priority Secured Notes maturing in 2014.  The new notes
will be secured, on a second priority, to the same package
securing the senior secured first lien notes and will offer a
coupon of 12%.

The current Caa1 CFR incorporate also Moody's view that CEVA's
operating performance is likely to remain subdued over the short
to medium term as difficult market conditions and increasing
pricing pressure are likely to increase the execution risk of the
company's cost reduction programmes.  The negative rating outlook
reflects Moody's expectations that, even in the case of a
successful completion of the proposed offer, difficult market
conditions are likely to result in key credit metrics,
particularly financial leverage remaining weak over the
intermediate term with increasing pressure on the company's
liquidity situation.

Downgrades:

Issuer: CEVA Group plc

  -- Probability of Default Rating, Downgraded to Ca from Caa1

  -- Senior Subordinated Regular Bond, Downgraded to Ca (LGD4,
     64%) from Caa3

Unchanged ratings:

Issuer: CEVA Group plc

  -- Corporate Family Rating at Caa1
  -- Senior Secured Bank Credit Facility at B1 (LGD1, 2%)
  -- Senior Secured Second Lien Bond at Caa2 (LGD2, 29%)
  -- Senior Unsecured Bond at Caa2 (LGD2, 29%)

The last rating action on CEVA was implemented on April 22, 2009,
when Moody's downgraded CEVA's CFR and PDR to Caa1 from B3,
concluding the ratings review for possible downgrade initiated in
March 2009.

CEVA's ratings were assigned by evaluating factors Moody's believe
are relevant to the credit profile of the issuer, such as (i) the
business risk and competitive position of the company versus
others within its industry, (ii) the capital structure and
financial risk of the company, (iii) the projected performance of
the company over the near to intermediate term, and (iv)
management's track record and tolerance for risk.  These
attributes were compared against other issuers both within and
outside of CEVA's core industry and the company's ratings are
believed to be comparable to those of other issuers of similar
credit risk.

CEVA Group plc is the fourth-largest integrated logistic provider
in the world in terms of revenues, which were approximately
EUR6.3 billion at FYE2008.  The company operates in over 150
countries worldwide, employing around 50,000 people and managing
in excess of 9.2 million square metres of warehouse facilities.
CEVA's activities include the former Contract Logistics business
as acquired from TNT N.V. during 2006 and the Freight Management
business of EGL, a US-based company acquired in August 2007.


DSG INTERNATIONAL: Profits to Drop 80% to About GBP43 Mln
---------------------------------------------------------
Julia Finch at guardian.co.uk reports that DSG International plc
is expected to unveil a big drop in profits this week as shoppers
cut spending on kitchen appliances and computers.

According to the report, earnings are to be to down 80% from more
than GBP200 million to about GBP43 million.  The report
says after one-off charges of up to GBP200 million to cover the
cost of shutting underperforming stores in Europe, the group will
crash into the red.

The report discloses City analysts expect underlying profits at
Kesa Electricals, which owns Comet and the Darty chain in France,
to be down by nearly a half from GBP128 million last year to about
GBP70 million.

The report recalls last month DSG raised GBP310 million to shore
up its finances and provide extra cash for expansion.  Its
cashflow had been hit by credit insurers refusing to give full
cover to DSG's suppliers and net debt had soared threefold to
GBP500 million in the past six months, the report relates.

Headquartered in Hemel, Hempstead, United Kingdom, DSG
International Plc -- http://www.dsgiplc.com/-- is the parent
company of a group engaged in the multi-channel retail of high
technology consumer electronics, personal computers, domestic
appliances, photographic equipment, communication products, and
related financial and after-sales services.  The Company also
undertakes business to business (B2B) sales.  The Company operates
in three divisions: electricals, computing and e-commerce.  The
electricals division is engaged in the retail sale of high
technology consumer electronics, domestic appliances, photographic
equipment and related services.  The computing division is engaged
in the retail and B2B sale of computer hardware and software,
associated peripherals and related services. The e-commerce
division is engaged in online retail sale of high technology
consumer electronics, domestic appliances, photographic equipment
and related services.

                      *     *     *

DSG International plc continues to carry Fitch Ratings' (DSG) 'B'
long-term and short-term issuer default ratings with negative
outlook.  The company's long-term IDR was downgraded by Fitch to
its current level from 'BB-' in January 2009.


FLEET LITHO: To Be Placed Into Voluntary Liquidation
----------------------------------------------------
William Mitting at Print Week reports that Fleet Litho and True
Colours are expected to be placed into voluntary liquidation at a
meeting of creditors this week.

The report relates the two Tunbridge Wells-based businesses, which
are located in the same building and have shared ownership, failed
after the loss of a major contract at True Colours.  According to
the report, True Colours staff had been asked to take a 10% pay
cut to mitigate the effects of the lost contract, but chose to go
into consultation rather than take the cut, forcing managing
director Mark Wood to opt for voluntary liquidation.

The two companies employ 19 staff between them, the report
discloses.  Kingston Smith is expected to be appointed liquidator
at the meeting of creditors, the report notes.


FOCUS DIY: Mulls Company Voluntary Arrangement to Secure Future
---------------------------------------------------------------
Ben Marlow at The Sunday Times reports that Focus (DIY) Ltd is
considering a company voluntary arrangement (CVA) in an attempt to
secure the group's future.

According to the report, Bill Grimsley, the chief executive of
Focus, has instructed the KPMG restructuring team to prepare a CVA
as part of a review of the business.

The report relates Mr. Grimsey's advisers have also agreed in
principle with the company's banks to renew a two-year credit
facility, which runs out at the end of 2009.  The report recalls
Focus was bought by American private equity firm Cerberus in 2007,
which paid GBP1 for its equity and assumed GBP225 million in debt.

Headquartered in Crew, Focus (DIY) Limited --
http://www.focusdiy.co.uk/-- retails do-it-yourself and gardening
products to consumers in the United Kingdom.


GENERAL MOTORS: Mandelson Gets Reasurrance From US on Vauxhall
--------------------------------------------------------------
BBC News reports that the US government has reassured UK Business
Secretary Lord Mandelson that "there is no deal that has yet been
cut" on the future of GM's European operations.

BBC News relates Lord Mandelson urged the US to keep GM production
in the UK.  According to BBC News, Vauxhall, whose parent company
is GM, employs 5,500 people in the UK.

BBC News recalls as part of its restructuring plan, GM, which
filed for bankruptcy protection at the beginning of June, is
trying to sell off GM Europe which contains the German-based Opel,
as well as Vauxhall.   BBC News notes the German government is
backing Magna's bid, which has led to some fears in the UK that if
Magna is successful, any subsequent job losses will be
concentrated in the UK.

                     About General Motors

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  In 2007, nearly
9.37 million GM cars and trucks were sold globally under brands
Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security and
information services.  GM Europe is based in Zurich, Switzerland,
while General Motors Latin America, Africa and Middle East is
headquartered in Miramar, Florida.

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D. N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, is the
Debtors' restructuring officer.  GM is also represented by Jenner
& Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsels.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

As of March 31, 2009, GM had US$82.2 billion in total assets and
US$172.8 billion in total liabilities, resulting in a US$90.5
billion stockholders' deficit.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11
restructuring proceedings commenced by General Motors Corporation
and its affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


GKN HOLDINGS: Fitch Affirms LT Issuer Default Rating at 'BB+'
-------------------------------------------------------------
Fitch Ratings has affirmed UK-based GKN Holdings plc's Long-term
Issuer Default rating and senior unsecured rating at 'BB+' on the
announcement of a GBP423 million rights issue.  At the same time
the Outlook on the Long-term IDR has been revised to Stable from
Negative.  The Short-term IDR has been affirmed at 'B'.

The proceeds of the fully underwritten rights issue, which will
raise GBP403 million after transaction costs, are intended to
mainly reduce the group's net financial indebtedness which
increased to GBP928 million at end-May 2009 from GBP708 million at
FYE08 due to seasonal fluctuations and the Filton acquisition in
January 2009 (GBP96 million cash outflow).  The rights issue,
which is subject to shareholder approval (expected closing by July
2009) will help to diminish GKN's dependency on debt financing and
provides some flexibility for growth opportunities.

The Outlook change reflects Fitch's view that the sizeable rights
issue will materially strengthen GKN's balance sheet and financial
flexibility reducing the downside risk of GKN's IDR.  This step
also partially mitigates the agency's ongoing concerns about the
weakness and highly uncertain recovery of the global automotive
and off-highway markets and deteriorating outlook for the group's
so far well-performing aerospace operations.  It also takes into
account management's pro-active approach in addressing refinancing
issues in combination with the significant and further accelerated
restructuring and cost cutting measures to adopt its operations to
lower demand.

GKN reported a 10% decline of its sales for the first five months
ended May 2009 (including the group's share of joint ventures) to
GBP1,794 million from GBP1,988 million at the previous year's
period.  On a like-for-like basis -- excluding the effects of the
Filton acquisition and positive currency translation both adding
up to GBP584 million -- sales reduced by 32% heavily impacted by
the slump in automotive (down 43% including powder metallurgy) and
off-highway sales (down 31%).  In contrast, the group's aerospace
division performed well with an underlying sales increase of 5%
and an additional contribution from Filton of GBP140 million.
Reported trading profit was just break-even at GBP1m with an
improved contribution of GBP24 million during the last three
months versus a trading loss of GBP23 million in the first two
months of the year.

Further positive rating action could be considered in the medium
term if the group manages to recover its profitability to
pre-"crisis" levels with double digit EBITDA margins and generate
positive free cash flow on a sustained basis.  Conversely,
negative rating pressure could return on the risk of a protracted
global recession including a sharp drop of the aerospace business,
which could jeopardize the group's efforts to improve its FCF
generation.

At end-May 2009 financial headroom from committed undrawn bank
facilities was GBP326 million versus total facilities of
GBP625 million.  At FYE08, only 12% (GBP97 million) of total debt
was short-term.  Apart from a GBP350 million revolving borrowing
facility, which expires in July 2010 the group has no significant
maturities before 2012 when a GBP325 million bond becomes due.

The ratings continue to be supported by GKN's strong market
positions, particularly in driveline technology products including
constant velocity joints and torque management devices.  The
group's end-market diversification helps to better cope with the
significant challenges facing the automotive industry.


GKN PLC: To Launch GBP423 Million Rights Issue to Reduce Debt
-------------------------------------------------------------
The Board of GKN plc on Thursday announced a fully underwritten 6
for 5 Rights Issue to raise proceeds of approximately GBP423
million, before expenses, through the issue of up to 846,623,629
New Ordinary Shares.  The Rights Issue is subject to approval by
Shareholders at a General Meeting to be held on July 6, 2009.

             Rationale for the Proposed Rights Issue

    * provides the Company with a robust capital structure which
      will bring the Group greater flexibility in current market
      conditions.

    * reduces the Group's reliance on debt financing and thus
      avoids the associated significant costs and more onerous
      covenants which potentially would be incurred in refinancing
      its existing facilities.

    * helps to accelerate the prospect of a return of the Company
      to investment grade status, thereby enhancing flexibility
      when considering its long-term financing strategy.

    * allows GKN to take advantage of the opportunities for growth
      that the backdrop in its end markets continues to present.

                        Current Trading

    * management sales for the five months ended May 31, 2009
      totalled GBP1,794 million, a 10 per cent decrease over the
      comparable period in 2008, including GBP584 million of
      benefit from currency translation and the Filton
      acquisition.

    * for the same period, the Group achieved a trading profit on
      a management basis of GBP1 million and a management loss
      before taxation of GBP25 million.  However, the Group
      delivered a management profit before taxation of GBP8
      million over the period from March 1 to May 31.

    * although considerable uncertainty remains in GKN's markets,
      the Group has made good progress in aligning its operations
      to current market conditions where:

      -- automotive production schedules in recent months have
         become more stable,

      -- OffHighway markets are expected to remain weak through
         the summer, and

      -- in Aerospace, the overall outlook remains positive for
         2009.

     * the restructuring plans announced in February have been
       accelerated and the Group expects increasing benefits from
       these cost reduction actions through the balance of 2009.

Sir Kevin Smith, Chief Executive of GKN, said: "Over the last five
years, we have established GKN as a leader in its markets.
However, the global recession has had a significant impact on both
our business and credit market conditions.  The rights issue that
we have announced (Thursday) will strengthen our capital structure
and give us the flexibility to take advantage of new opportunities
for development and growth."

Headquartered in Redditch, GKN plc -- http://www.gknplc.com/--
is a global engineering business serving the automotive, off-
highway and aerospace markets.  It operates in four primary areas:
Automotive, whose activities comprise GKN Driveline, Powder
Metallurgy, which produces powdered metal and sintered components
for automotive and other industrial customers; OffHighway, which
designs and manufactures steel wheels and driveline products for
the agricultural, construction and industrial machinery markets,
and Aerospace, whose activities are concentrated on the production
of airframe and engine structures, components and assemblies for
both military and civil aerospace markets.  Its sales are made to
vehicle or aircraft manufacturers or, in aerospace, to other major
tier one suppliers.  On January 5, 2009, the Company completed the
acquisition of the wing component and sub-assembly operation of
Airbus UK at Filton.


INDEPENDENT NEWS: Mulls Rights Issue to Repay Bondholders
---------------------------------------------------------
Maija Palmer and Anousha Sakoui at the Financial Times reports
that Independent News & Media plc is set to launch a deeply
discounted rights issue this week to repay bondholders.

According to the report, the fundraising would be likely to raise
EUR50 million-EUR100 million (GBP42 million-GBP84 million), and
would be priced at a steep discount to the Dublin-based company's
share price, which stood at EUR0.33 on Friday.

The report relates the move follows proposals last week from
bondholders to underwrite a rights issue that could have left them
with ownership of 90 per cent of the company if existing
shareholders chose not to put in more money.  Bondholders also
proposed that the company issue a EUR100 million convertible bond
at a 30 per cent discount to market price, the report discloses.
Under the INM plan, bondholders would also be offered about
EUR15 million from the proceeds of asset sales, the report states.

The company, the report says, is looking for a way to settle a
10-year, EUR200 million bond that came due for repayment last
month.  A six-week grace period granted on the repayment ends on
June 26, the report recalls.  INM, the report notes, is also in
danger of breaching covenants on a further EUR653 million debt,
which is held by a syndicate of eight banks and secured on the
company's assets in the UK and Ireland.  The company has total
debts of EUR1.4 billion, built up through its overseas expansion,
the report discloses.

Headquartered in Dublin, Ireland, Independent News & Media PLC
(ISE:IPD) -- http://www.inmplc.com/-- is engaged in printing and
publishing of metropolitan, national, provincial and regional
newspapers in Australia, India, Ireland, New Zealand, South Africa
and the United Kingdom.  It also has radio operations in Australia
and New Zealand, and outdoor advertising operations in Australia,
New Zealand, South-East Asia and across Africa.  The Company also
has online operations across each of its principal markets.  The
Company has three business segments: printing, publishing, online
and distribution of newspapers and magazines and commercial
printing; radio, and outdoor advertising.  INM publishes over 200
newspaper and magazine titles, delivering a combined weekly
circulation of over 32 million copies with a weekly audience of
over 100 million consumers.  In March 2008, it acquired The Sligo
Champion.  During the year ended December 31, 2007, the Company
acquired the remaining 50% interest in Toowoomba Newspapers Pty
Ltd.


O'BRIENS SANDWICH: UK Business Enters Into Administration
---------------------------------------------------------
BBC News reports that the UK business of O'Briens Sandwich Bars
has entered into administration.

BBC News relates Cameron Gunn of ReSolve Partners was named by the
High Court to be the administrator for the company, which has 109
franchises in the UK.

Brody Sweeney, chairman of O'Briens, as cited by BBC News, said
the company's priority was to "secure jobs and the future
livelihoods of the firm's franchisees".

Niamh Hennessy at Irish Examiner.com reports the company, which
was founded by entrepreneur and former Fine Gael election
candidate Brody Sweeney, said trading in Ireland is challenging
but it has no plans to place the Irish business into
administration.

"Many of our franchisees are struggling to pay their rents, in the
face of reduced footfalls in shopping centers across the UK and
Northern Ireland and lower consumer spending.  This in turn puts
pressure on our own company, as we hold the head leases on most of
the outlets in the chain," Irish Examiner.com quoted Mr. Sweeney
as saying.  "We are optimistic that a relatively small number of
stores will be closed in the UK as part of the administration and
that the restructured group can overcome the worst downturn in our
industry since we commenced trading."

The company, Irish Examiner.com discloses, expects reduced rental
terms will be agreed with landlords so that they can remain open.


ROAD MANAGEMENT: S&P Cuts Rating on GBP165 Mil. Bond to 'BB+'
-------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
underlying debt rating to 'BB+' from 'BBB-' on the GBP165 million
senior secured bond, due 2021, issued by the U.K.-based special
purpose vehicle Road Management Consolidated PLC.  At the same
time, the rating was placed on CreditWatch with negative
implications.  The 'A' insured long-term debt rating is unchanged.

"The downgrade reflects the estimated weakening of the project's
financial profile, largely resulting from lower other vehicle
(principally cars) traffic, which largely determinates the shadow-
toll payments the project receives," said Standard & Poor's credit
analyst Timon Binder.

OV traffic in the fiscal year ended March 31, 2009, was 4%-5% less
than management's forecast.  In addition, falling interest rates
have reduced RMC's interest income from cash deposits, and a drop
in the retail prices index in the U.K. will further reduce shadow-
toll payments because they are linked to the U.K. RPI.

The CreditWatch placement reflects S&P's assumption that the
project's financial profile will likely weaken further.  However,
the extent of this weakening will be determined, among other
things, by OV traffic levels and management's strategy to
counteract the drop in revenues.

The insured 'A/Negative' rating on the bond reflects the
unconditional and irrevocable guarantee provided by Ambac
Assurance Corp. (A/Negative/--) for the payment of scheduled
interest and principal.

S&P aims to resolve the CreditWatch within the next three to four
months, following receipt of an updated model for the project that
incorporates revised financial projections.

"We may lower the rating further if the revised financial profile
is weaker than currently anticipated or remains highly vulnerable
to a deterioration of traffic performance," said Mr. Binder.  "We
could affirm the rating and revise the outlook to stable if the
financial profile stabilizes and management demonstrates a clear
plan to strengthen the project's financial position."


YELL GROUP: CEO John Condron Waives GBP1 Mln Bonus
--------------------------------------------------
Rowena Mason at Telegraph.co.uk reports that John Condron, the
chief executive of Yell Group plc, has voluntarily waived a bonus
of almost GBP1 million after the group announced a restructuring
program of 1,300 job cuts last year.

According to the report, Mr. Condron got GBP935,000 bonus in 2007.
The group's finance director, John Davis, also forgo a bonus,
which totaled GBP555,000 in 2007, the report discloses.  The
report relates the remuneration committee said the directors had
given up the rewards of their own accord.  "The executive
directors notified the committee that they wished to voluntarily
waive any bonus award given the significant effect on Yell people
of the necessary, albeit successful, restructuring programme," the
report quoted the committee as saying.

The report recalls the group was forced to admit last month that
it is considering a rights issue and an arlier-than-expected
refinancing of its GBP4.2 billion debt pile.

Headquartered in Reading, England, Yell Group plc --
http://www.yellgroup.com/-- is an international directories
business operating in the classified advertising market through
printed, online, and phone media in the U.K. and the US.  Yell
also owns 100% of TPI (renamed "Yell Publicidad"), the largest
publisher of yellow and white pages in Spain, with operations in
certain countries in Latin America.  Yell's revenue for the twelve
months ended March 31, 2008 was GBP2,219 million and its
Adjusted EBITDA was GBP738.9 million.

                          *     *     *

As reported in the Troubled Company Reporter-Europe on Feb. 10,
2009, Moody's Investors Service placed the ratings of Yell Group
plc on review for possible downgrade.  Ratings affected were the
Ba3 Corporate Family Rating and the B1 Probability of Default
Rating.


* Halabi Cos. Default on US$1.9BB Debt Backed by London Properties
------------------------------------------------------------------
Chris Bourke at Bloomberg News reports that the real estate
companies of billionaire investor Simon Halabi defaulted
on GBP1.15 billion (US$1.9 billion) of bonds backed by nine London
office buildings.

Bloomberg News relates loan manager Hatfield Philips International
Ltd. said in a statement Friday the properties, including JPMorgan
Chase & Co.'s offices at 125 London Wall and 60 Victoria
Embankment, are now worth less than the value of the loans that
back them.  According to Bloomberg News, the recession cut the
value of the properties by about 50 percent.  Hatfield Philips, as
cited by Bloomberg News, said the buildings were valued at GBP929
million as of June 8, down from GBP1.83 billion in October 2006.
Mr. Halabi's companies borrowed against the buildings in 2006,
Bloomberg News recalls.  The debt, which was packaged into bonds,
expires in October, Bloomberg News says.  Bloomberg News discloses
according to the statement, Mr. Halabi's companies have 10
business days to make good on the default.


* Large Companies with Insolvent Balance Sheet
----------------------------------------------

                                 Total
                                 Shareholders     Total
  Company           Ticker       Equity (US$)     Assets (US$)
  -------           ------       ------           ------

AUSTRIA
-------
ERSTE BANK-PFD      DESCV AV    15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS TQ      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBKOF US    15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSRON EO   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS NR      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSGBP EO   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS NQ      15480635502.24   263345065864.34
ERSTE BANK DER O    DESC AV     15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSCZK EO   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS RO      15480635502.24   263345065864.34
ERSTE BANK D-NEW    EBDOF US    15480635502.24   263345065864.34
ERSTE BANK DE-RT    DESCR AV    15480635502.24   263345065864.34
ERSTE BANK D-NEW    EBSN CP     15480635502.24   263345065864.34
ERSTE BANK D-NEW    EBSN AV     15480635502.24   263345065864.34
ERSTE BANK D-NEW    DESCN AV    15480635502.24   263345065864.34
ERSTE BANK-GDR      EBOD LI     15480635502.24   263345065864.34
ERSTE BANK DER O    EBS VX      15480635502.24   263345065864.34
ERSTE BANK DER O    EBO LI      15480635502.24   263345065864.34
ERSTE GROUP-SUBS    3265218Z    15480635502.24   263345065864.34
UNICREDIT BANK      BACA AV     22361725103.43    323205472804.5
ERSTE GROUP-GDR     EBKOY US    15480635502.24   263345065864.34
ERSTE GROUP-SUBS    3266427Z    15480635502.24   263345065864.34
BANK AUSTRIA CRE    BACA IX     22361725103.43    323205472804.5
ERSTE GROUP BANK    EBOG IX     15480635502.24   263345065864.34
ERSTE GROUP BANK    ERSP IX     15480635502.24   263345065864.34
ERSTE BANK-RTS      EBBR AV     15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSCHF EO   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSGBX EU   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS EO      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSUSD EO   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBO GR      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSUSD EU   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS EU      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS AV      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS PZ      15480635502.24   263345065864.34
BANK AUSTRIA CRE    BKAC GR     22361725103.43    323205472804.5
BANK AUSTRIA CRE    2859684Q    22361725103.43    323205472804.5
BANK AUSTRIA CRE    2859704Q    22361725103.43    323205472804.5
BANK AUSTRIA CRE    2859712Q    22361725103.43    323205472804.5
DIE ERSTE S-PART    DESCP AV    15480635502.24   263345065864.34
BANK AUSTRIA CRE    2859708Q    22361725103.43    323205472804.5
BANK AUSTRIA CRE    2859692Q    22361725103.43    323205472804.5
BANK AUSTRIA CRE    BACA PZ     22361725103.43    323205472804.5
BANK AUSTRIA CRE    BASCF US    22361725103.43    323205472804.5
ERSTE GROUP BANK    RBAG CP     15480635502.24   263345065864.34
BACA                BCA PW      22361725103.43    323205472804.5
BANK AUSTRIA CRE    2859716Q    22361725103.43    323205472804.5
BANK AUSTRIA CRE    2859688Q    22361725103.43    323205472804.5
ERSTE GROUP BANK    ERST IX     15480635502.24   263345065864.34
ERSTE GROUP-ADRE    EBKDY US    15480635502.24   263345065864.34
ERSTE GROUP BANK    EBS EB      15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSGBX EO   15480635502.24   263345065864.34
ERSTE GROUP BANK    EBSRON EU   15480635502.24   263345065864.34


BELGIUM
-------
ELECTRAFINA-STRP    ELEFS BB    18722024772.08    19585125669.15
ANHEUSER-BUSCH I    ABI NQ      24493614207.53   113451966257.83
KBC GROEP-NEW       KBCN LX     21453365261.08    495756059372.2
KBC-NEW STRIPS      3114529Q    21453365261.08    495756059372.2
KBC-STRIP VVPR      KBKT IX     21453365261.08    495756059372.2
KBC GROEP           KBC1 VX     21453365261.08    495756059372.2
KBC GROEP           KBC LX      21453365261.08    495756059372.2
KBC GROEP           KBCUSD EU   21453365261.08    495756059372.2
KBC GROEP NV-       KBCSN BB    21453365261.08    495756059372.2
KBC GROEP           KBC EO      21453365261.08    495756059372.2
INBEV-STRIP         INTV IX     24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABINOK EO   24493614207.53   113451966257.83
KBC BANCASSURANC    KDB VX      21453365261.08    495756059372.2
KBC GROEP           KBC BQ      21453365261.08    495756059372.2
KBC GROEP           KBCGBP EO   21453365261.08    495756059372.2
KBC GROEP           KBCCHF EO   21453365261.08    495756059372.2
ANHEUSER-BUSCH I    ABIGBX EO   24493614207.53   113451966257.83
KBC BANCASSURANC    KBA LI      21453365261.08    495756059372.2
KBC GROEP           KBCGBX EO   21453365261.08    495756059372.2
KBC GROEP           KBCSF US    21453365261.08    495756059372.2
KBC GROEP           KBC EB      21453365261.08    495756059372.2
KBC GROEP           KDB GR      21453365261.08    495756059372.2
ANHEUSER-BUSCH I    ABI VX      24493614207.53   113451966257.83
KBC GROEP           KBCAUD EU   21453365261.08    495756059372.2
KBC GROEP           KBCCHF EU   21453365261.08    495756059372.2
KREDIETBANK-AFV     KBKBI NA    21453365261.08    495756059372.2
KREDIETBANK-AFV     KRBAF US    21453365261.08    495756059372.2
KREDIETBANK-VVPR    KBKBI BB    21453365261.08    495756059372.2
GROUPE BRUX LAMB    GBL NQ      18722024772.08    19585125669.15
ANHEUSER-BUSCH I    ABI PZ      24493614207.53   113451966257.83
GROUPE BRUX LAMB    GBL EO      18722024772.08    19585125669.15
KBC-STRIP VVPR      KBCBF US    21453365261.08    495756059372.2
INBEV-STRIP         INTBS BB    24493614207.53   113451966257.83
KBC GROEP           KBC EU      21453365261.08    495756059372.2
GROUPE BRUX LAMB    GBL EB      18722024772.08    19585125669.15
ANHEUSER-BUSCH I    INB VX      24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABIAUD EU   24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABIUSD EO   24493614207.53   113451966257.83
ANHEUSER-BUSCH I    INB BB      24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABI BQ      24493614207.53   113451966257.83
KREDIETBANK         KTB LI      21453365261.08    495756059372.2
KREDIETBANK NV      KB BB       21453365261.08    495756059372.2
ANHEUSER-BUSCH I    ABINOK EU   24493614207.53   113451966257.83
KBC GROEP           KBKB IX     21453365261.08    495756059372.2
ELECTRAFINA-NEW     ELCSN BB    18722024772.08    19585125669.15
KBC GROEP           KBCUSD EO   21453365261.08    495756059372.2
ANHEUSER-BUSCH I    ABI TQ      24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABICHF EU   24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABIGBP EO   24493614207.53   113451966257.83
ELECTRAFINA         ELC BB      18722024772.08    19585125669.15
ELECTRAFINA VV-N    ELEFSN BB   18722024772.08    19585125669.15
ELECTRAFINA-AFV1    ELFBI BB    18722024772.08    19585125669.15
ELECTRAFINA-OLD     ELFB BB     18722024772.08    19585125669.15
KBC GROEP           KRBLF US    21453365261.08    495756059372.2
ANHEUSER-BUSCH I    INBVF US    24493614207.53   113451966257.83
INBEV NV            INB EB      24493614207.53   113451966257.83
ELECTRAFINA         ELEF BB     18722024772.08    19585125669.15
KBC GROEP-NEW       KBCN BB     21453365261.08    495756059372.2
ELELCTRAFINA-NEW    ELFBN BB    18722024772.08    19585125669.15
GROUPE BRUXELLES    GBLS9 BB    18722024772.08    19585125669.15
ELECTRAFINA-AFV2    ELFBJ BB    18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLGBX EO   18722024772.08    19585125669.15
ELECTRAFINA-NEW     ELEFN BB    18722024772.08    19585125669.15
ELECTRAFINA-NEW     ELCN BB     18722024772.08    19585125669.15
KBC-STRIP VVPR      KBCS BB     21453365261.08    495756059372.2
GROUPE BRUX LAMB    EAI GR      18722024772.08    19585125669.15
AB INBEV - RTS      ITKA GR     24493614207.53   113451966257.83
AB INBEV - STRIP    INBS BB     24493614207.53   113451966257.83
KBC GROEP           KBCB PZ     21453365261.08    495756059372.2
GROUP BRUX-VVPR     GBLS BB     18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLB PZ     18722024772.08    19585125669.15
GROUP BRUX-VVPR     GBLXF US    18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLUSD EO   18722024772.08    19585125669.15
DEXIA - SET UP F    777214Q B   18577809984.55   602016917503.75
KBC GROEP           KBCAUD EO   21453365261.08    495756059372.2
ANHEUSER-BUSCH I    ITK GR      24493614207.53   113451966257.83
ELECTRAFINA-VVPR    ELFBV BB    18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLB BB     18722024772.08    19585125669.15
ANHEUSER-BUSCH I    ABI EO      24493614207.53   113451966257.83
INBEV               BREW FP     24493614207.53   113451966257.83
INBEV NV            INTE IX     24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABI EB      24493614207.53   113451966257.83
GROUPE BRUX LAMB    GBL BB      18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLGBX EU   18722024772.08    19585125669.15
GROUPE BRUXE-ADR    GBLBY US    18722024772.08    19585125669.15
KBC GROEP           KBC TQ      21453365261.08    495756059372.2
INBEV               INTB BB     24493614207.53   113451966257.83
INTERBREW SA        IBRWF US    24493614207.53   113451966257.83
INBEV NV            INB NQ      24493614207.53   113451966257.83
INBEV NV            INB BQ      24493614207.53   113451966257.83
INBEV NV            INBB PZ     24493614207.53   113451966257.83
INBEV NV            INB TQ      24493614207.53   113451966257.83
KBC GROEP           KBCGBX EU   21453365261.08    495756059372.2
GRO-STR VVPR-RTS    GBLSC BB    18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLUSD EU   18722024772.08    19585125669.15
GROUPE BRUXE-RTS    GBLS6 BB    18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBL VX      18722024772.08    19585125669.15
KBC GROEP-ADR       KBCSY US    21453365261.08    495756059372.2
FORTIS - SET UP     777222Q B   23259063300.59   900272618366.25
GROUPE BRUX LAMB    GBL BQ      18722024772.08    19585125669.15
GROUPE BRUX LAMB    LAMB IX     18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLBF US    18722024772.08    19585125669.15
GROUP BRUX-VVPR     LAMI IX     18722024772.08    19585125669.15
GROUP BRUX-VVPR     GBLS EO     18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBL TQ      18722024772.08    19585125669.15
ANHEUSER-BUSCH I    ABI IX      24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABIGBX EU   24493614207.53   113451966257.83
KREDIETBANK         KBKB NA     21453365261.08    495756059372.2
KREDIETBANK-OLD     KBKB BB     21453365261.08    495756059372.2
ANHEUSER-BUSCH I    ABIAUD EO   24493614207.53   113451966257.83
ELECTRAF-VVPR TE    ELFBT BB    18722024772.08    19585125669.15
GROUPE BRUX LAMB    GBLGBP EO   18722024772.08    19585125669.15
AB INBEV-ST VVPR    ABIS BB     24493614207.53   113451966257.83
KBC GROEP           KBC BB      21453365261.08    495756059372.2
ELECTRAFINA SA      EFNAF US    18722024772.08    19585125669.15
AB INBEV-ST VVPR    ANHVF US    24493614207.53   113451966257.83
AB INBEV - RTS      AHBVF US    24493614207.53   113451966257.83
AB INBEV - RTS      ABIS9 BB    24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABICHF EO   24493614207.53   113451966257.83
GROUPE BRUX LAMB    GBL EU      18722024772.08    19585125669.15
ANHEUSER-BUSCH I    ABIUSD EU   24493614207.53   113451966257.83
ANHEUSER-BUSCH I    AHBIF US    24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABI EU      24493614207.53   113451966257.83
ANHEUSER-BUSCH I    ABI BB      24493614207.53   113451966257.83
KBC GROEP           KBC NQ      21453365261.08    495756059372.2


SWITZERLAND
-----------
UBS-RIGHTS W/I      UBS-R-W U   37923841186.28   1627986442600.7
XSTRATA PLC         XTAN SW        24398999552       55314001920
UBS AG-2ND LINE     541937Q V   37923841186.28   1627986442600.7
HOLCIM LTD-B        HOL SW      16816991184.73    42283870065.18
UBS-RIGHTS          UBSN2 VX    37923841186.28   1627986442600.7
UBS-RIGHTS          UBS-R US    37923841186.28   1627986442600.7
UBS AG-REG          UBRG IX     37923841186.28   1627986442600.7
UBS AG-REG NEW      1006Q SW    37923841186.28   1627986442600.7
PARGESA HOLDI-BR    PARG SW     18788547653.58    25139503540.87
ZURICH FINL SER     ZURN IX        23780999168      315938013184
CREDIT SUISS-ADR    CS US       44181324495.79  1011156747514.66
CS HOLDING-REGIS    CSHN SW     44181324495.79  1011156747514.66
NOVARTIS AG-ADR     NVTSY US       50437001216       77969997824
UBS AG-REG RTS      UBSN1 VX    37923841186.28   1627986442600.7
XSTRATA PLC         XTA EU         24398999552       55314001920
UBS AG-REG NEW      2234044Q    37923841186.28   1627986442600.7
UBS AG-REG RTS      UBBZF US    37923841186.28   1627986442600.7
UBS AG-REG RTS      UBRC GR     37923841186.28   1627986442600.7
NESTLE SA           NSTA LI     51380991307.82    99377808138.53
UBS-CEDEAR C/E$     UBSNC AR    37923841186.28   1627986442600.7
UBS-CEDEAR US$      UBSND AR    37923841186.28   1627986442600.7
UBS AG-REG-2ND04    699150Q V   37923841186.28   1627986442600.7
UBS N 2 LINIE 10    UBSNEE SW   37923841186.28   1627986442600.7
UBS-CEDEAR US$      UBSD AR     37923841186.28   1627986442600.7
UBS AG-REG          UBSN IX     37923841186.28   1627986442600.7
UBS AG-REG          UBSN EO     37923841186.28   1627986442600.7
CREDIT SUISS-REG    CSGN IX     44181324495.79  1011156747514.66
PARGESA HOLDI-BR    PGH1 GR     18788547653.58    25139503540.87
XSTRATA PLC         XTA NR         24398999552       55314001920
XSTRATA PLC         XTA NQ         24398999552       55314001920
XSTRATA PLC         XTAEUR EO      24398999552       55314001920
NESTLE SA-IDR       NESI BB     51380991307.82    99377808138.53
XSTRATA PLC         XTAEUR EU      24398999552       55314001920
SWISS RE-R          RUKN SW     19136414490.81   227741744666.79
XSTRATA PLC         XTRG IX        24398999552       55314001920
CREDIT SUISS-ADR    CSN MM      44181324495.79  1011156747514.66
ROCHE HLDGS-ADR     RHHDY US    50357412832.69    71191057556.23
NOVARTIS AG-REG     NOVNEUR E      50437001216       77969997824
XSTRATA PLC         XTA PO         24398999552       55314001920
XSTRATA PLC         XTACHF EO      24398999552       55314001920
HOLDERBANK          HDBNF US    16816991184.73    42283870065.18
XSTRATA PLC         XTAN PZ        24398999552       55314001920
ZURICH FINL SER     ZURNEUR E      23780999168      315938013184
XSTRATA PLC         XTAGBP EO      24398999552       55314001920
XSTRATA PLC         XTA IX         24398999552       55314001920
XSTRATA PLC         XTRA GR        24398999552       55314001920
TRANSOCEAN LTD      TOJ GR         16526999552       35258998784
NOVARTIS-REG        NOVN GR        50437001216       77969997824
SWISS RE-R          RUKN TQ     19136414490.81   227741744666.79
HOLCIM LTD-REG      HOLNGBX E   16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN EU     16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLNEUR E   16816991184.73    42283870065.18
HOLCIM LTD-RT       3292577Q    16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLNUSD E   16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLNUSD E   16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN NR     16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN TQ     16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN VX     16816991184.73    42283870065.18
HOLCIM LTD-REG      HCMLF US    16816991184.73    42283870065.18
HOLCIM LTD-REG      HIMV PZ     16816991184.73    42283870065.18
SWISS REINSURANC    1400Z SW    19136414490.81   227741744666.79
CREDIT SUISS-ADR    CSX1 GR     44181324495.79  1011156747514.66
HOLDERBANK-RTS      1014Q SW    16816991184.73    42283870065.18
HOLDERBANK-R RTS    1015Q SW    16816991184.73    42283870065.18
UBS AG-REG          UBRA GR     37923841186.28   1627986442600.7
NESTLE SA-B         NESB LI     51380991307.82    99377808138.53
REASSUR-BON PART    CSRP SW     19136414490.81   227741744666.79
UBS AG-REG          UBS PZ      37923841186.28   1627986442600.7
HOLDERBANK FINAN    HCMAF US    16816991184.73    42283870065.18
HOLCIM LTD-RTS      HOLN1 VX    16816991184.73    42283870065.18
HOLDERBANK-PC       HOLZP SW    16816991184.73    42283870065.18
HOLDERBANK-ADR      HFGCY US    16816991184.73    42283870065.18
HOLDERBANK FINAN    HFGCF US    16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN EB     16816991184.73    42283870065.18
UBS AG-REG          UBSNJPY E   37923841186.28   1627986442600.7
UBS AG-REG          UBSN NQ     37923841186.28   1627986442600.7
UBS AG-REG          UBSN VX     37923841186.28   1627986442600.7
UBS AG-REG          UBSN EB     37923841186.28   1627986442600.7
UBS AG-REG          UBSNJPY E   37923841186.28   1627986442600.7
UBS AG-REG          UBR GR      37923841186.28   1627986442600.7
UBS AG-REG          UBSN MM     37923841186.28   1627986442600.7
ROCHE HLDG-GENUS    ROG EU      50357412832.69    71191057556.23
SWISS RE-R          RUKN VX     19136414490.81   227741744666.79
NOVARTIS-CED BLO    NVSB AR        50437001216       77969997824
UBS AG-REG          UBBSF US    37923841186.28   1627986442600.7
UBS AG-REG          UBSNEUR E   37923841186.28   1627986442600.7
HOLCIM LTD-B        HLB GR      16816991184.73    42283870065.18
HOLCIM LTD-B        HCMCF US    16816991184.73    42283870065.18
HOLCIM LTD-ADR      HCMLY US    16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN NQ     16816991184.73    42283870065.18
HOLCIM LTD-REG      HOLN EO     16816991184.73    42283870065.18
HOLCIM LTD-B RTS    HOL1 SW     16816991184.73    42283870065.18
UBS AG-REG          UBS US      37923841186.28   1627986442600.7
ROCHE HLDG-GENUS    ROG EB      50357412832.69    71191057556.23
UBS AG-REG          UBSN NR     37923841186.28   1627986442600.7
HOFFMANN LA ROCH    HLRZ SW     50357412832.69    71191057556.23
SWISS RE-REG        SCRG IX     19136414490.81   227741744666.79
UBS AG-REG          UBSNGBP E   37923841186.28   1627986442600.7
XSTRATA PLC         XTAF PZ        24398999552       55314001920
CS GROUP N2.LINE    566359Q V   44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGN TQ     44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGN EB     44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSXG IX     44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGNEUR E   44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSX GR      44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGNGBX E   44181324495.79  1011156747514.66
ZURICH FINL SER     ZURNUSD E      23780999168      315938013184
CREDIT S-REG NEW    CSGNE VX    44181324495.79  1011156747514.66
TYCO INTL-CED $     TYCD AR        15507999744       24777000960
CREDIT SUISS-REG    CSGNGBX E   44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGN NR     44181324495.79  1011156747514.66
CREDIT SUISS-ADR    CSGKY US    44181324495.79  1011156747514.66
CREDIT-CED C/E$     CSC AR      44181324495.79  1011156747514.66
CREDIT-CED BLOCK    CSRB AR     44181324495.79  1011156747514.66
NESTLE SA-PC        NESP FP     51380991307.82    99377808138.53
CS GROUP            CRD LN      44181324495.79  1011156747514.66
ZURICH FINL SVS     ZURN LN        23780999168      315938013184
CREDIT-CEDEAR $     CSD AR      44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGN EU     44181324495.79  1011156747514.66
CREDIT SUISS-REG    CRD PZ      44181324495.79  1011156747514.66
ROCHE HOLDING-BR    RHO GR      50357412832.69    71191057556.23
CREDIT SUISSE-R     CSG LI      44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGNEUR E   44181324495.79  1011156747514.66
CREDIT SUISS-REG    CSGKF US    44181324495.79  1011156747514.66
SWISS NATIONBANK    SN SW       54680858237.39   200526385194.72
ZURICH FINL SVCS    ALZ6 GR        23780999168      315938013184
ROCHE HOLDING AG    RHBJ FP     50357412832.69    71191057556.23
UBS-RIGHTS          UBRD GR     37923841186.28   1627986442600.7
ZURICH FINL SVCS    ZHAG IX        23780999168      315938013184
NOVARTIS-CIBA-RT    CIBN1 SW       50437001216       77969997824
NOVARTIS AG-REG     NOVNEUR E      50437001216       77969997824
ZURICH FINL SVS     ZURZ IX        23780999168      315938013184
CREDIT SUIS-REG     8653 JP     44181324495.79  1011156747514.66
ZURICH FINL-ADR     ZFSVY US       23780999168      315938013184
NESTLE SA-CTF       NESE GR     51380991307.82    99377808138.53
CS GROUP-REG        CSHN GR     44181324495.79  1011156747514.66
ZURICH FINL SVS     ZURN LI        23780999168      315938013184
UBS AG-REG          UBSN TQ     37923841186.28   1627986442600.7
ROCHE HOLDING AG    MLROH FP    50357412832.69    71191057556.23
UBS AG-SP ADR       UBBSY US    37923841186.28   1627986442600.7
NOVARTIS-REG SHS    NVSDF US       50437001216       77969997824
ZURICH FINL SER     ZURN NQ        23780999168      315938013184
ZURICH FINL SER     ZURN TQ        23780999168      315938013184
CS GROUP-REG        CSGN SW     44181324495.79  1011156747514.66
ZURICH FINL SER     ZURN EB        23780999168      315938013184
ZURICH FINL SER     ZURN PZ        23780999168      315938013184
ZURICH FINL SER     ZURN EU        23780999168      315938013184
ZURICH FINL -2ND    ZURNE VX       23780999168      315938013184
HOLDERBANK-B        HBK LI      16816991184.73    42283870065.18
XSTRATA PLC         XTA PZ         24398999552       55314001920
SWISS RE-R          RUKNGBP E   19136414490.81   227741744666.79
XSTRATA PLC         XTTAF US       24398999552       55314001920
XSTRATA PLC-F/P     811571Q L      24398999552       55314001920
HOLCIM LTD-REG      HOLNGBP E   16816991184.73    42283870065.18
UBS AG-REG          UBSN LN     37923841186.28   1627986442600.7
UBS AG-REG          UBSNEUR E   37923841186.28   1627986442600.7
XSTRATA PLC-RTS     3215284Q       24398999552       55314001920
NOVARTIS AG-ADR     NVS US         50437001216       77969997824
ZURICH FINAN-ENT    909314Q V      23780999168      315938013184
XSTRATA PLC-N/P     811567Q L      24398999552       55314001920
XSTRATA PLC-NEW     3215288Q       24398999552       55314001920
XSTRATA PLC-RTS     3217437Q       24398999552       55314001920
XSTRATA PLC         XTAN EU        24398999552       55314001920
XSTRATA PLC         XTR GR         24398999552       55314001920
XSTRATA PLC         XTAF LN        24398999552       55314001920
XSTRATA PLC         XTAN1 SW       24398999552       55314001920
SWISS RE-R          SWCEF US    19136414490.81   227741744666.79
XSTRATA PLC         XTA EB         24398999552       55314001920
XSTRATA PLC         XTA VX         24398999552       55314001920
NESTLE SA-R         1341Q LN    51380991307.82    99377808138.53
XSTRATA PLC         XTA LN         24398999552       55314001920
XSTRATA PLC         XTA BQ         24398999552       55314001920
ZURICH FINL SER     ZFSVF US       23780999168      315938013184
XSTRATA PLC         XTA TQ         24398999552       55314001920
UBS AG-REG          UBSNGBX E   37923841186.28   1627986442600.7
CS HOLDING-SINGA    CSSING SP   44181324495.79  1011156747514.66
CS HOLDING-REGIS    CSHR LI     44181324495.79  1011156747514.66
CS HOLDING-LOND     CSLND LN    44181324495.79  1011156747514.66
TYCO INTL LTD       TYIG IX        15507999744       24777000960
HOLCIM LTD-B        HOL VX      16816991184.73    42283870065.18
ZURICH FINL SER     ZURN VX        23780999168      315938013184
CS HLDG-ADR         CSHKY US    44181324495.79  1011156747514.66
CS GROUP-RTS        CSGNR VX    44181324495.79  1011156747514.66
CS GROUP-REG        CSHR FP     44181324495.79  1011156747514.66
CS HOLDING-BEAR     CS SW       44181324495.79  1011156747514.66
CS HOLDING-BEAR     CSHB LI     44181324495.79  1011156747514.66
CS HOLDING-BEAR     CSHB FP     44181324495.79  1011156747514.66
ZURICH FINL SER     ZFIN GR        23780999168      315938013184
CREDIT-CED C/E$     CSRC AR     44181324495.79  1011156747514.66
NOVARTIS AG-REG     NOVN EB        50437001216       77969997824
ZURICH FINL -NEW    2679193Q       23780999168      315938013184
ZURICH FINL SER     ZURNEUR E      23780999168      315938013184
TYCO INTL LTD       TYC US         15507999744       24777000960
ZURICH FINL SER     ZURNGBX E      23780999168      315938013184
ZURICH FINL SER     ZURNGBX E      23780999168      315938013184
NESTLE-ADR (REG)    NSRGY US    51380991307.82    99377808138.53
NESTLE SA-PC        NESZP SW    51380991307.82    99377808138.53
ZURICH FINL SER     ZURN NR        23780999168      315938013184
XSTRATA PLC         XTA EO         24398999552       55314001920
PARGESA HOLDI-BR    PRGAF US    18788547653.58    25139503540.87
PARGESA HOLDI-BR    PARG EO     18788547653.58    25139503540.87
PARGESA HOLDI-BR    PRGZ IX     18788547653.58    25139503540.87
SWISS RE-R          RUKN IX     19136414490.81   227741744666.79
PARGESA-B           PGH GR      18788547653.58    25139503540.87
PARGESA-B           PRGLF US    18788547653.58    25139503540.87
SWISS RE-R          RUKNUSD E   19136414490.81   227741744666.79
NOVARTIS-REG        NOVN SW        50437001216       77969997824
NOVARTIS AG-REG     NOVN VX        50437001216       77969997824
PARGESA HOLDI-BR    PARGEUR E   18788547653.58    25139503540.87
NESTLE SA-REG       NSTR LN     51380991307.82    99377808138.53
ROCHE HLDGS-ADR     RHHBY US    50357412832.69    71191057556.23
ROCHE HLDG-GENUS    ROG VX      50357412832.69    71191057556.23
SCHWEIZ NATB-REG    SNBN IX     54680858237.39   200526385194.72
REASSURANCES-PTR    CSR SW      19136414490.81   227741744666.79
UBS-CEDEAR C/E$     UBSC AR     37923841186.28   1627986442600.7
SWISS RE-R          RUKN NR     19136414490.81   227741744666.79
NOVARTIS-REG SHS    NVTDF US       50437001216       77969997824
HOLCIM LTD-REG      HOLNEUR E   16816991184.73    42283870065.18
SWISS RE-R          RUKN NQ     19136414490.81   227741744666.79
XSTRATA PLC-ADR     XSRAY US       24398999552       55314001920
SWISS RE-R          RUKNGBX E   19136414490.81   227741744666.79
TRANSOCEAN INC      RIG NO         16526999552       35258998784
ZURICH FINL SVCS    ZURN SW        23780999168      315938013184
SCHW RUCKVERS-R     SWE LI      19136414490.81   227741744666.79
NOVARTIS AG-REG     NOVN NQ        50437001216       77969997824
NOVARTIS AG-REG     NOVNUSD E      50437001216       77969997824
NOVARTIS AG-REG     NOTG IX        50437001216       77969997824
NOVARTIS AG-REG     NOV LN         50437001216       77969997824
NOVARTIS AG-REG     NOVN IX        50437001216       77969997824
NOVARTIS AG-REG     NOVN EO        50437001216       77969997824
NOVARTIS AG-2ND     2732693Q       50437001216       77969997824
NOVART-SYNG BASK    NOTS SW        50437001216       77969997824
NOVART-BASKET       NOTX SW        50437001216       77969997824
NOVARTIS AG-ADR     QUNNVS AU      50437001216       77969997824
NOVARTIS AG-ADR     NOTA GR        50437001216       77969997824
XSTRATA PLC-RTS     XTAN IX        24398999552       55314001920
NOVARTIS-REG        NOV LI         50437001216       77969997824
NOVARTIS-CED C/E    NVSC AR        50437001216       77969997824
SWISS RE-R          RUKNGBX E   19136414490.81   227741744666.79
NOVARTIS-BEARER     NOV SW         50437001216       77969997824
NOVARTIS-CIBA-RT    CIBN1 GR       50437001216       77969997824
ZURICH FINL SVCS    1315Z SW       23780999168      315938013184
NOVARTIS-CEDEAR$    NVSD AR        50437001216       77969997824
NOVARTIS AG-REG     NOVN TQ        50437001216       77969997824
NOVARTIS AG-REG     NOVNGBX E      50437001216       77969997824
NOVARTIS AG-REG     NOVNUSD E      50437001216       77969997824
NOVARTIS-BEARER     1521Q GR       50437001216       77969997824
NOVARTIS N2 LINE    NOVNEE SW      50437001216       77969997824
NOVARTIS AG-REG     NOVNGBX E      50437001216       77969997824
ZURICH FINANC-RT    ZURN1 VX       23780999168      315938013184
SWISS RE-R          SWI LN      19136414490.81   227741744666.79
NOVARTIS AG-REG     NOVV PZ        50437001216       77969997824
TRANSOCEAN INC      TOZ GR         16526999552       35258998784
UBS AG-REG          UBS LI      37923841186.28   1627986442600.7
XSTRATA PLC         XTACHF EU      24398999552       55314001920
HOLCIM LTD-RTS      731510Q V   16816991184.73    42283870065.18
ROCHE HLDGS-ADR     RHHZY US    50357412832.69    71191057556.23
HOLCIM LTD-REG      HOLZ IX     16816991184.73    42283870065.18
ROCHE HLDG-GENUS    ROCG IX     50357412832.69    71191057556.23
TYCO INTL LTD       TYI GR         15507999744       24777000960
NESTLE SA-REG       NESN GR     51380991307.82    99377808138.53
SWISS REINSUR-PC    SRCP SW     19136414490.81   227741744666.79
NOVARTIS AG-REG     NOVN NR        50437001216       77969997824
SWISS RE-R          RUKN EO     19136414490.81   227741744666.79
SCHWEIZ NATB-REG    SNBN SW     54680858237.39   200526385194.72
SWISS RE-R          RUKNEUR E   19136414490.81   227741744666.79
CREDIT SUISS-REG    CSGN VX     44181324495.79  1011156747514.66
XSTRATA PLC-RTS     XTANE SW       24398999552       55314001920
HOLCIM-REG RIGHT    HOLN1 SW    16816991184.73    42283870065.18
SCHW RUCKVERS-PC    SWRP LI     19136414490.81   227741744666.79
SCHW RUCKVERS-PC    RUKZP SW    19136414490.81   227741744666.79
SCHW RUCKVERS-B     RUK SW      19136414490.81   227741744666.79
SCHWEIZ NATB-REG    SWZNF US    54680858237.39   200526385194.72
SCHWEIZ BKGES-R     SBGN SW     37923841186.28   1627986442600.7
SCHW RUECKVER-R2    1047103Q    19136414490.81   227741744666.79
UBS AG-REG 2ND L    UBSNEE VX   37923841186.28   1627986442600.7
ROCHE HLDG-GENUS    ROG NQ      50357412832.69    71191057556.23
ROCHE HLDG-GENUS    RHHVF US    50357412832.69    71191057556.23
ROCHE HLDG-GENUS    ROG SW      50357412832.69    71191057556.23
SWISS RE-R          RUKN EB     19136414490.81   227741744666.79
ROCHE HLDG-GENUS    ROGEUR EU   50357412832.69    71191057556.23
ROCHE HLD-144A A    RHHQY US    50357412832.69    71191057556.23
SWISS RE-R          RUKNEUR E   19136414490.81   227741744666.79
UBS AG-REG NEW      920828Q S   37923841186.28   1627986442600.7
ROCHE HLDG-GENUS    ROG LN      50357412832.69    71191057556.23
ROCHE HLDG-GENUS    ROG LI      50357412832.69    71191057556.23
ROCHE HLDG-BEARE    RHOFF US    50357412832.69    71191057556.23
SWISS RE-R          RUKNUSD E   19136414490.81   227741744666.79
ROCHE HOLDING-BR    RO SW       50357412832.69    71191057556.23
ROCHE HOLDING-BR    RO EO       50357412832.69    71191057556.23
ROCHE HOLDING AG    ROC1 IX     50357412832.69    71191057556.23
CREDIT SUISS-REG    CSGN EO     44181324495.79  1011156747514.66
ROCHE HOLDING-BR    ROEUR EO    50357412832.69    71191057556.23
ROCHE HOLDING-BR    ROCZ IX     50357412832.69    71191057556.23
ROCHE HLDGS-ADR     RHHGY US    50357412832.69    71191057556.23
ROCHE HLDGS-ADR     RHHBYN MM   50357412832.69    71191057556.23
ROCHE HLDGS-ADR     RHO6 GR     50357412832.69    71191057556.23
ROCHE HOLDING AG    RHO5 GR     50357412832.69    71191057556.23
ROCHE HLDGS-CTF     RHHRF US    50357412832.69    71191057556.23
ROCHE HLDGS-ADR     ROHHY US    50357412832.69    71191057556.23
UBS AG-REG          UBSRF US    37923841186.28   1627986442600.7
CREDIT SUISSE       2663780Q    52675176362.44  1197781737402.66
UBS AG-REG          UBSNGBX E   37923841186.28   1627986442600.7
ZURICH FINL SER     ZURNUSD E      23780999168      315938013184
NESTLE SA-REG       NESNUSD E   51380991307.82    99377808138.53
UBS AG-REG          UBSN EU     37923841186.28   1627986442600.7
UBS AG-REG          QUNUBS AU   37923841186.28   1627986442600.7
TRANSOCEAN INC      T3K IX         16526999552       35258998784
TRANSOCEAN LTD      T3K GR         16526999552       35258998784
XSTRATA PLC         XTAF EU        24398999552       55314001920
HOLCIM LTD-ADR      3055383Q    16816991184.73    42283870065.18
XSTRATA PLC-RTS     XTAG IX        24398999552       55314001920
HOLCIM LTD-REG      HIM LN      16816991184.73    42283870065.18
SWISS RE-REG-2ND    RUKNE VX    19136414490.81   227741744666.79
NOVARTIS AG-REG     NOVNGBP E      50437001216       77969997824
NOVARTIS AG-2ND     NOVNEE VX      50437001216       77969997824
NOVARTIS AG-REG     NOVN EU        50437001216       77969997824
HOLCIM LTD-RTS      HOLN1 EO    16816991184.73    42283870065.18
SWISS RE-R          SWI PZ      19136414490.81   227741744666.79
NOVARTIS-CEDEAR     NVS AR         50437001216       77969997824
CREDIT-CEDEAR $     CSRD AR     44181324495.79  1011156747514.66
NESTLE SA-REG       NESN NQ     51380991307.82    99377808138.53
XSTRATA PLC         XSRAF US       24398999552       55314001920
SWISS REINSU-ADR    SWCEY US    19136414490.81   227741744666.79
SWISS REINSUR-R     SRCR SW     19136414490.81   227741744666.79
HOLCIM LTD-REG      HOLNGBX E   16816991184.73    42283870065.18
UBS AG-REG          8657 JP     37923841186.28   1627986442600.7
UBS AG-2ND LINE     302020Q V   37923841186.28   1627986442600.7
ROCHE HLDG-GENUS    ROG TQ      50357412832.69    71191057556.23
TYCO INTL-CED CE    TYCC AR        15507999744       24777000960
CREDIT SUISS-REG    CSGN NQ     44181324495.79  1011156747514.66
HOLCIM LTD-REG      HLBN GR     16816991184.73    42283870065.18
UBS AG-CEDEAR       UBS AR      37923841186.28   1627986442600.7
UBS AG-REG          UBSNUSD E   37923841186.28   1627986442600.7
UBS AG-REG          UBSNUSD E   37923841186.28   1627986442600.7
NESTLE SA-REG       NESE IX     51380991307.82    99377808138.53
UBS AG-2ND LINE     920832Q V   37923841186.28   1627986442600.7
UBS AG-CED BLOCK    UBSNB AR    37923841186.28   1627986442600.7
TRANSOCEAN LTD      RIG US         16526999552       35258998784
TYCO INTL LTD       TYC BH         15507999744       24777000960
TYCO INTL LTD       LHN1 GR        15507999744       24777000960
TYCO INTL LTD       QUNTYC AU      15507999744       24777000960
ROCHE HOLDING-BR    RHHBF US    50357412832.69    71191057556.23
TYCO INTERNA-W/I    TYC-W US       15507999744       24777000960
TYCO INTL LTD       LHN GR         15507999744       24777000960
TYCO INTL-CED BL    TYCB AR        15507999744       24777000960
CS GROUP            CSGN1 VX    44181324495.79  1011156747514.66
CS HOLDING-BEAR     CSHB GR     44181324495.79  1011156747514.66
TYCO INTL-CED       TYC AR         15507999744       24777000960
HOLCIM LTD-REG      HLBN IX     16816991184.73    42283870065.18
ZURICH FINL SER     ZURN EO        23780999168      315938013184
NESTLE SA-REG       NESN EB     51380991307.82    99377808138.53
NESTLE SA-REG       NESN NR     51380991307.82    99377808138.53
NESTLE SA-REG       NSRGF US    51380991307.82    99377808138.53
NESTLE SA-REG       NSTR PZ     51380991307.82    99377808138.53
NESTLE SA-REG       NESN FP     51380991307.82    99377808138.53
NESTLE SA-REG       NES FP      51380991307.82    99377808138.53
NESTLE SA-REG       NESN EU     51380991307.82    99377808138.53
NESTLE SA-REG       NESN EO     51380991307.82    99377808138.53
NESTLE SA-REG       NESNGBX E   51380991307.82    99377808138.53
NESTLE SA-B         NES SW      51380991307.82    99377808138.53
NESTLE SA-REG       NESNUSD E   51380991307.82    99377808138.53
NESTLE SA-REG       NESNGBP E   51380991307.82    99377808138.53
NESTLE SA-REG       NESNEUR E   51380991307.82    99377808138.53
NESTLE SA-REG       NESN VX     51380991307.82    99377808138.53
XSTRATA PLC         XTAUSD EU      24398999552       55314001920
CREDIT SUISS-REG    CSGNUSD E   44181324495.79  1011156747514.66
HOLCIM LTD-REG      HOLN SW     16816991184.73    42283870065.18
NESTLE SA           NESZ NA     51380991307.82    99377808138.53
NOVARTIS AG-REG     NOT GR         50437001216       77969997824
SWISS RE-R          RUKN EU     19136414490.81   227741744666.79
NESTLE-ADR (REG)    NESM GR     51380991307.82    99377808138.53
NESTLE-144A ADR     NSRXY US    51380991307.82    99377808138.53
NESTLE SA-REG       NESNGBX E   51380991307.82    99377808138.53
NESTLE-OLD ADR      NESAY US    51380991307.82    99377808138.53
NESTLE-ADR (REG)    NSRGYN MM   51380991307.82    99377808138.53
ZURICH FINL SER     ZURNGBP E      23780999168      315938013184
NESTLE SA           2960 JP     51380991307.82    99377808138.53
NESTLE SA           NSTR LI     51380991307.82    99377808138.53
NESTLE SA           NESZ AV     51380991307.82    99377808138.53
NESTLE SA-ASAS      NESZF NA    51380991307.82    99377808138.53
NESTLE SA -R NEW    NESNE SW    51380991307.82    99377808138.53
NESTLE SA           NSTA LN     51380991307.82    99377808138.53
PARGESA-R           PRGR SW     18788547653.58    25139503540.87
NOVARTIS AG-ADR     NVSN MM        50437001216       77969997824
SWISS RE-REG        SCR GR      19136414490.81   227741744666.79
NESTLE SA           NES GR      51380991307.82    99377808138.53
NESTLE SA           NI FP       51380991307.82    99377808138.53
NESTLE SA           NES BB      51380991307.82    99377808138.53
NESTLE SA-REG       NESN IX     51380991307.82    99377808138.53
NESTLE SA-R         NESZN AV    51380991307.82    99377808138.53
NESTLE SA-R         595156Q L   51380991307.82    99377808138.53
NESTLE SA-PS        NESP AV     51380991307.82    99377808138.53
NESTLE SA-REG       NESNEUR E   51380991307.82    99377808138.53
NESTLE SA-REG       NESN TQ     51380991307.82    99377808138.53
NESTLE SA-R -NEW    1110179Q    51380991307.82    99377808138.53
NESTLE SA-NEW       NESNE VX    51380991307.82    99377808138.53
NESTLE SA-CERT      NESB IX     51380991307.82    99377808138.53
NESTLE SA-CERT      NESTS BB    51380991307.82    99377808138.53
NESTLE SA-PC        NESP LI     51380991307.82    99377808138.53
CREDIT-CED BLOCK    CSB AR      44181324495.79  1011156747514.66
NESTLE SA-PC        NESP BB     51380991307.82    99377808138.53
NOVARTIS AG-REG     NVSEF US       50437001216       77969997824
CREDIT SU-CEDEAR    CSR AR      44181324495.79  1011156747514.66
NOVARTIS AG-NEW     49514Q SW      50437001216       77969997824
CREDIT SUISS-REG    CSGNGBP E   44181324495.79  1011156747514.66
UBS AG-REG          UBS LN      37923841186.28   1627986442600.7
CREDIT SUISS-REG    CSGNUSD E   44181324495.79  1011156747514.66
NESTLE SA-B         NSTB LN     51380991307.82    99377808138.53
BANQ NAT SUISS-N    BNS SW      54680858237.39   200526385194.72
UBS AG-CEDEAR       UBSN AR     37923841186.28   1627986442600.7
CS HOLDING-LUX      CSLUX LX    44181324495.79  1011156747514.66
UBS AG-REG-NEW      UBSNE VX    37923841186.28   1627986442600.7
SWISS REINSU-ADR    SWCEYN MM   19136414490.81   227741744666.79
XSTRATA PLC         XTAUSD EO      24398999552       55314001920
UBS AG-CED BLOCK    UBSB AR     37923841186.28   1627986442600.7
ROCHE HOLDING-BE    RO VX       50357412832.69    71191057556.23
REASSURANCES-NOM    CSRN SW     19136414490.81   227741744666.79
TYCO INTL LTD       TYI LN         15507999744       24777000960
UBS AG-REG          UBSN SW     37923841186.28   1627986442600.7
XSTRATA PLC         XTAN LN        24398999552       55314001920
ROCHE HLDG-GENUS    ROG EO      50357412832.69    71191057556.23
CREDIT SU-CEDEAR    CS AR       44181324495.79  1011156747514.66
ROCHE HLDG-GENUS    ROGEUR EO   50357412832.69    71191057556.23
NOVARTIS AG         NVSVF US       50437001216       77969997824
ROCHE HOLDING AG    RHOG IX     50357412832.69    71191057556.23
NESTLE SA -R NEW    654477Q V   51380991307.82    99377808138.53
CREDIT SUISS-ADR    CSRN MM     44181324495.79  1011156747514.66
TYCO INTL LTD       TYCN MM        15507999744       24777000960


GERMANY
-------
ALLIANZ SE-REG      ALVNOK EO   51970275054.93   721928513997.76
PORSCHE AUTO-PFD    PAH3 EO     23489837528.12    71059547480.61
BASF SE             BAS SW      26121873285.65    65579956315.44
ALLIANZ SE-REG      ALVGBP EO   51970275054.93   721928513997.76
BAYER AG-ADR        BAYZY US    22798385982.96    72878231125.56
BASF SE             BAS EO      26121873285.65    65579956315.44
ALLIANZ SE-REG      ALV EB      51970275054.93   721928513997.76
ALLIANZ SE-REG      ALVN IX     51970275054.93   721928513997.76
ALLIANZ SE-REG      ALV IM      51970275054.93   721928513997.76
THYSSENKRUPP AG     TKA EO      16159852782.48    54765497235.72
ALLIANZ SE-REG      ALV SW      51970275054.93   721928513997.76
ALLIANZ SE-REG      ALVGBX EO   51970275054.93   721928513997.76
ALLIANZ SE-REG      ALVZ IX     51970275054.93   721928513997.76
ALLIANZ SE-REG      ALVCHF EU   51970275054.93   721928513997.76
ALLIANZ SE-REG      ALVGBX EU   51970275054.93   721928513997.76
ALLIANZ SE-REG      ALL VX      51970275054.93   721928513997.76
BAYER AG            BRA NA      22798385982.96    72878231125.56
E.ON AG             EOA PZ      53615276062.48   216211198893.72
ALLIANZ SE-REG      ALLZF US    51970275054.93   721928513997.76
ALLIANZ SE-REG      ALLA NA     51970275054.93   721928513997.76
DEUTSCHE BK -REG    DEUCF US    44528011653.23  2782557830338.16
ALLIANZ SE-REG      ALVG IX     51970275054.93   721928513997.76
DEUTSCHE BANK-NE    ZZYA EO     44528011653.23  2782557830338.16
ALLIANZ SE-REG      ALVUSD EO   51970275054.93   721928513997.76
BAYER AG-CVA DUS    BAYAC NA    22798385982.96    72878231125.56
ALLIANZ SE-REG      ALL FP      51970275054.93   721928513997.76
ALLIANZ SE-REG      ALV GR      51970275054.93   721928513997.76
DZ BANK AG DEUTS    44250Z GR   16045784738.57   629023083261.53
ALLIANZ SE-ADR      ALVA GR     51970275054.93   721928513997.76
E.ON AG             EOAAUD EU   53615276062.48   216211198893.72
THYSSENKRUPP AG     TYEKF US    16159852782.48    54765497235.72
E.ON AG             E/ON NA     53615276062.48   216211198893.72
E.ON AG             VEB SW      53615276062.48   216211198893.72
E.ON AG             EOA BQ      53615276062.48   216211198893.72
E.ON AG             EONAF US    53615276062.48   216211198893.72
E.ON AG             EOAGBP EO   53615276062.48   216211198893.72
DAIMLER AG          7663 JP     45658164755.44   182206818441.49
BAYER VEREINSBAN    BAH LI      34996522266.51   616698999638.73
E.ON AG             EOAN GR     53615276062.48   216211198893.72
ALLIANZ SE-REG      ALV TQ      51970275054.93   721928513997.76
E.ON AG             EOAGBX EU   53615276062.48   216211198893.72
E.ON AG             EOAG IX     53615276062.48   216211198893.72
E.ON AG             EOAAUD EO   53615276062.48   216211198893.72
COMMERZBANK-NEW     CBK1 GR     27771057632.45  1338129304885.64
E.ON AG             ENAKF US    53615276062.48   216211198893.72
E.ON AG             EOACHF EU   53615276062.48   216211198893.72
E.ON AG             EOA VX      53615276062.48   216211198893.72
VOLKSWAGEN AG       VOW GR      52165611852.33   228601193538.04
E.ON AG-TEILRECH    EOA9 GR     53615276062.48   216211198893.72
E.ON AG-ADR         EON US      53615276062.48   216211198893.72
E.ON AG-BLOCKS      EONB AR     53615276062.48   216211198893.72
BASF SE             BASGBX EO   26121873285.65    65579956315.44
BASF SE-CED BLOC    BFB AR      26121873285.65    65579956315.44
ALLIANZ SE-REG      ALV EU      51970275054.93   721928513997.76
DEUTSCHE BANK       DBKR LI     44528011653.23  2782557830338.16
ALLIANZ SE-NEW      ALV2 GR     51970275054.93   721928513997.76
E.ON AG             EOA IM      53615276062.48   216211198893.72
E.ON AG             EOANOK EU   53615276062.48   216211198893.72
E.ON AG             EOAGBX EO   53615276062.48   216211198893.72
E.ON AG             EOA EU      53615276062.48   216211198893.72
E.ON AG - $US       EOND AR     53615276062.48   216211198893.72
E.ON AG-ADR         VEBS CN     53615276062.48   216211198893.72
E.ON AG-ADR         EONGY US    53615276062.48   216211198893.72
E.ON AG - C/E       EONC AR     53615276062.48   216211198893.72
VOLKSWAGEN-RTS      VOW8 GR     52165611852.33   228601193538.04
DAIMLER AG          DAI EU      45658164755.44   182206818441.49
DRESDNER BANK-N     DRSN FP     18091793399.86   422984216750.99
HYPOVEREINSBANK     3000999Q    34996522266.51   616698999638.73
RWE AG              RWENOK EU   18333585720.51   126262651048.51
VOLKSWAGEN AG+      VOW ES      52165611852.33   228601193538.04
THYSSENKRUPP AG     TKAZAR EO   16159852782.48    54765497235.72
E.ON AG-ADR         EONGYN MM   53615276062.48   216211198893.72
VOLKSWAGEN-PFD      VWVZ IX     52165611852.33   228601193538.04
DRESDNER BANK-N     DRB1 GR     18091793399.86   422984216750.99
THYSSENKRUPP AG     TKAAUD EU   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAG IX     16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAUSD EO   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKA LN      16159852782.48    54765497235.72
VOLKSWAGEN AG       VWB BB      52165611852.33   228601193538.04
THYSSEN KRUPP-SP    TKA6 GR     16159852782.48    54765497235.72
ALLIANZ AG-G-RTS    ALV8 GR     51970275054.93   721928513997.76
COMMERZBANK         CBKUSD EO   27771057632.45  1338129304885.64
THYSSENKRUPP AG     TKA GR      16159852782.48    54765497235.72
DEUTSCHE TELEKOM    DTE IM      60152023678.98   176952381785.44
RWE AG-N VTG PFD    RWE3USD E   18333585720.51   126262651048.51
DEUTSCHE TELEKOM    9496 JP     60152023678.98   176952381785.44
MUENCHENER RUE-R    MUVN IX     29657435028.96   291956090783.45
BAYER AG            BAYAUD EU   22798385982.96    72878231125.56
BAYER AG-CED C/E    BAYC AR     22798385982.96    72878231125.56
DAIMLER AG          DAI BQ      45658164755.44   182206818441.49
COMMERZBANK         CBK GR      27771057632.45  1338129304885.64
DEUTSCHE BK-NEW     DBKN BB     44528011653.23  2782557830338.16
BAYER MOTOREN-RT    BMWE1 SW    28285905537.78   135682811735.03
DAIMLER-BENZ-ADR    1043418Q    20164069547.04    76250832174.74
VOLKSWAGEN-PFD      VWPB BB     52165611852.33   228601193538.04
ALLIANZ SE-REG      ALVM IX     51970275054.93   721928513997.76
DEUTSCHE BANK-RG    DBN SW      44528011653.23  2782557830338.16
THYSSENKRUPP AG     TKAGBP EO   16159852782.48    54765497235.72
HYPOVEREINSBANK     BAH LN      34996522266.51   616698999638.73
ALLIANZ-CEDEAR      AZ AR       51970275054.93   721928513997.76
SIEMENS AG          SIEG AV     38511338179.31   130622833330.81
PORSCHE AUTO-PFD    PAH3DKK E   23489837528.12    71059547480.61
ALLIANZ SE-REG      ALV NQ      51970275054.93   721928513997.76
ALLIANZ SE-REG      ALIZF US    51970275054.93   721928513997.76
E.ON AG             EOACHF EO   53615276062.48   216211198893.72
DEUTSCHE TEL-ADR    DTYG IX     60152023678.98   176952381785.44
DEUTSCHE TEL-REG    DTEL NA     60152023678.98   176952381785.44
HYPOVEREINSBANK     3000995Q    34996522266.51   616698999638.73
MANNESMANN AG-RT    MMWR FP     31616992813.85    71567349076.48
RWE AG-N VTG PFD    RWE3GBX E   18333585720.51   126262651048.51
VOLKSWAGEN AG       VOWCHF EU   52165611852.33   228601193538.04
DAIMLERCHRYSLER     DCX CN      45658164755.44   182206818441.49
ALLIANZ-CED C/E$    AZC AR      51970275054.93   721928513997.76
BASF SE             BASZ IX     26121873285.65    65579956315.44
ALLIANZ SE-REG      ALV PZ      51970275054.93   721928513997.76
ALLIANZ-CED BLK     AZB AR      51970275054.93   721928513997.76
ALLIANZ-CEDEAR$     AZD AR      51970275054.93   721928513997.76
DRESDNER BANK       DRB LN      18091793399.86   422984216750.99
PORSCHE AUTO-PFD    PAH3GBP E   23489837528.12    71059547480.61
DEUTSCHE TEL-ADR    DTED LI     60152023678.98   176952381785.44
THYSSENKRUPP AG     TKAAUD EO   16159852782.48    54765497235.72
HYPOVEREINSBANK     BYHPF US    34996522266.51   616698999638.73
THYSSENKRUPP AG     TKACHF EO   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAUSD EU   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKA NQ      16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAGL IX    16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAGBX EU   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAZAR EU   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKAG PZ     16159852782.48    54765497235.72
E.ON AG             EOANOK EO   53615276062.48   216211198893.72
THYSSENKRUPP AG     THK LN      16159852782.48    54765497235.72
VOLKSWAGEN AG       VW AV       52165611852.33   228601193538.04
DAIMLER AG-NEW      3280281Q    45658164755.44   182206818441.49
VEBA AG-NEW         VEB1 GR     53615276062.48   216211198893.72
COMMERZBANK         CBK EO      27771057632.45  1338129304885.64
TORONTO-DOM DT      TD/N CN     60152023678.98   176952381785.44
THYSSENKRUPP AG     TKANOK EO   16159852782.48    54765497235.72
THYSSENKRUPP AG     TKA EB      16159852782.48    54765497235.72
THYSSENKRUPP AG     TKA BQ      16159852782.48    54765497235.72
THYSSENKRUPP AG     TKA VX      16159852782.48    54765497235.72
DB-NEW              DBK1 GR     44528011653.23  2782557830338.16
PORSCHE AUTO-PFD    PAH3 NR     23489837528.12    71059547480.61
DESUTSCHE BANK      16117 JP    44528011653.23  2782557830338.16
DB-NEW              2861505Q    44528011653.23  2782557830338.16
DEUTSCHE TELEKOM    DTLSF US    60152023678.98   176952381785.44
COMMERZBANK         CBK IM      27771057632.45  1338129304885.64
DEUTSCHE BA-NEW     DBKN GR     44528011653.23  2782557830338.16
DEUTSCHE BAHN AG    DBHN GR     16959264479.02    67241286398.93
ALLIANZ AG-R-NEW    ALVN GR     51970275054.93   721928513997.76
DEUT TEL-CED C/E    DTC AR      60152023678.98   176952381785.44
DAIMLER AG          DAI IM      45658164755.44   182206818441.49
DAIMLERCHRYSLER     DCX LI      45658164755.44   182206818441.49
DAIMLERCHRYSLER     DAIC NA     45658164755.44   182206818441.49
DAIMLERCHRYSLER     DAIC VX     45658164755.44   182206818441.49
DAIMLERCHRYSLER     QUNDCX AU   45658164755.44   182206818441.49
DAIMLERCHRYSLER     DCXGF US    45658164755.44   182206818441.49
DEUT TEL-CED $US    DTD AR      60152023678.98   176952381785.44
ALLIANZ AG-EXCH     ALV7 GR     51970275054.93   721928513997.76
DAIMLERCHRYSLER     DCX NA      45658164755.44   182206818441.49
ALLIANZ AG - NEW    962679Q G   51970275054.93   721928513997.76
HYPOVEREINSBANK     BAHYF US    34996522266.51   616698999638.73
PORSCHE AUTO-PFD    PAH3USD E   23489837528.12    71059547480.61
DEUTSCHE BANK-RG    DBK NR      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DB FP       44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBKAUD EU   44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK NQ      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK IM      44528011653.23  2782557830338.16
MUENCHENER RUE-R    MUV2GBX E   29657435028.96   291956090783.45
ALLIANZ SE-REG      ALZ LN      51970275054.93   721928513997.76
DEUTSCHE BANK-RG    DBKAUD EO   44528011653.23  2782557830338.16
DEUTSCHE BANK       DUTKF US    44528011653.23  2782557830338.16
DEUTSCHE BANK-N     DBKN AV     44528011653.23  2782557830338.16
DEUTSCHE BANK-NE    ZZYA EU     44528011653.23  2782557830338.16
DEUTSCHE BANK       683115Q G   44528011653.23  2782557830338.16
DEUTSCHE BANK AG    DTBKF US    44528011653.23  2782557830338.16
DEUTSCHE BANK-R     DBA AU      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK BQ      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DB US       44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBKGBX EO   44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBKA AV     44528011653.23  2782557830338.16
DAIMLER AG          DAI NQ      45658164755.44   182206818441.49
E.ON AG             EON LN      53615276062.48   216211198893.72
DAIMLER AG          DAI NR      45658164755.44   182206818441.49
DAIMLER AG          DAI TQ      45658164755.44   182206818441.49
DAIMLER AG          DAIUSD EO   45658164755.44   182206818441.49
DAIMLER AG-NEW      DAIN PZ     45658164755.44   182206818441.49
DAIMLER AG-NEW      2760977Q    45658164755.44   182206818441.49
DAIMLER AG-NEW      DAIN GR     45658164755.44   182206818441.49
DEUTSCHE BANK-RG    DBK LN      44528011653.23  2782557830338.16
DAIMLER AG          DAIG IX     45658164755.44   182206818441.49
DAIMLER AG          DAI LN      45658164755.44   182206818441.49
DAIMLER AG          DAIGBX EO   45658164755.44   182206818441.49
DAIMLER AG          DAICHF EU   45658164755.44   182206818441.49
BASF AG+            BAS ES      26121873285.65    65579956315.44
DAIMLER AG          DAIGBP EO   45658164755.44   182206818441.49
DAIMLER AG          DAI GR      45658164755.44   182206818441.49
DAIMLER AG          DAI VX      45658164755.44   182206818441.49
DAIMLER AG          DAIGBX EU   45658164755.44   182206818441.49
DAIMLER AG          DCX LN      45658164755.44   182206818441.49
DAIMLER-BENZ-NEW    DAI9 GR     20164069547.04    76250832174.74
BASF SE             BASF IM     26121873285.65    65579956315.44
DAIMLERCHRYS-NEW    DCXN GR     45658164755.44   182206818441.49
DAIMLERCHRS-NOTE    DAJ US      45658164755.44   182206818441.49
DAIMLERCHRY-NEW     DCX1 GR     45658164755.44   182206818441.49
DAIMLERCHRYSL-WI    DCX9 GR     45658164755.44   182206818441.49
DAIMLERCHRYSLER     DCX AV      45658164755.44   182206818441.49
DAIMLERCHRYSLER     DCXG IX     45658164755.44   182206818441.49
DAIMLER-BENZ -RT    DAI-R US    20164069547.04    76250832174.74
BAYER MOTOREN WK    BMW NR      28285905537.78   135682811735.03
DAIMLER AG-NEW      3157228Q    45658164755.44   182206818441.49
BAYER MOTOREN WK    BMW BQ      28285905537.78   135682811735.03
DAIMLER-BENZ        78653Q FP   20164069547.04    76250832174.74
PORSCHE AG-PFD      POR3 VX     23489837528.12    71059547480.61
DAIMLER-BENZ        DAI SP      20164069547.04    76250832174.74
DAIMLER-BENZ        7660 JP     20164069547.04    76250832174.74
DAIMLER-BENZ AG     DABZF US    20164069547.04    76250832174.74
DAIMLER-BENZ AG     DAI8 GR     20164069547.04    76250832174.74
SIEMENS AG-BDR      EFSIE BU    38511338179.31   130622833330.81
DAIMLER-BENZ AG     1435Q GR    20164069547.04    76250832174.74
DEUTSCHE TELEKOM    DTED PZ     60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEPLN EO   60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTE SW      60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEAUD EO   60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEFRF EO   60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTENOK EU   60152023678.98   176952381785.44
SIEMENS AG-REG      SIA NA      38511338179.31   130622833330.81
DEUTSCHE TELEKOM    DTE NR      60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEJPY EU   60152023678.98   176952381785.44
DEUTSCHE BK         DBKG NA     44528011653.23  2782557830338.16
DEUTSCHE TELEKOM    DTE TQ      60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEUSD EU   60152023678.98   176952381785.44
BAYER MOTOREN WK    BMWAUD EU   28285905537.78   135682811735.03
ALLIANZ SE-ADR      AZN MM      51970275054.93   721928513997.76
DEUTSCHE BK         DBK AU      44528011653.23  2782557830338.16
DEUTSCHE TELEKOM    DTEJPY EO   60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEZ IX     60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTE EU      60152023678.98   176952381785.44
DEUTSCHE TELEKOM    DTEGBX EU   60152023678.98   176952381785.44
DRESDNER BANK       DRB LI      18091793399.86   422984216750.99
HYPOVEREINSBANK     3001015Q    34996522266.51   616698999638.73
DRESDNER BANK-RT    DRB6 GR     18091793399.86   422984216750.99
DRESDNER BANK       DR FP       18091793399.86   422984216750.99
DRESDNER BANK AG    DRB GR      18091793399.86   422984216750.99
DRESDNER BANK-ST    DRB1 NA     18091793399.86   422984216750.99
DEUTSCHE TELECOM    DTEL VX     60152023678.98   176952381785.44
DRESDNER BK-EX S    DRBZ GR     18091793399.86   422984216750.99
DRESDNER BK-ADR     DRSDY US    18091793399.86   422984216750.99
DRESDNER BK-ADR     1953P US    18091793399.86   422984216750.99
COMMERZBANK         CBKNOK EU   27771057632.45  1338129304885.64
DEUTSCHE TELEKOM    DTEAUD EU   60152023678.98   176952381785.44
DGKNNY ON FLY       DGKNNY GR   45658164755.44   182206818441.49
RWE AG              RWW LI      18333585720.51   126262651048.51
DEUTSCHE TELEKOM    DTEGBP EO   60152023678.98   176952381785.44
DEUTSCHE BANK-RG    DBK EO      44528011653.23  2782557830338.16
DRESDNER BANK       DRESB VX    18091793399.86   422984216750.99
DRESDNER BANK       DRA NA      18091793399.86   422984216750.99
DRESDNER BANK       DRJD GR     18091793399.86   422984216750.99
DRESDNER BANK       DRSD AV     18091793399.86   422984216750.99
ALLIANZ AG          ALZ LI      51970275054.93   721928513997.76
DEUTSCHE BK-ADR     DBKA GR     44528011653.23  2782557830338.16
BAYER MOTOREN WK    BMW LI      28285905537.78   135682811735.03
DEUTSCHE BK -REG    DBKNF US    44528011653.23  2782557830338.16
DEUTSCHE BK-ADR     DTBKY US    44528011653.23  2782557830338.16
DEUTSCHE BK-NEW     DBKN NA     44528011653.23  2782557830338.16
DEUTSCHE BK-NEW     DBK2 GR     44528011653.23  2782557830338.16
DEUTSCHE BK-B       1336Q LN    44528011653.23  2782557830338.16
DAIMLER AG          DCX IM      45658164755.44   182206818441.49
DEUTSCHE BANK-RG    DBNK VX     44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBKG IX     44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK EB      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBKUSD EO   44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK LX      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    8651 JP     44528011653.23  2782557830338.16
DB-NEW              2861509Q    44528011653.23  2782557830338.16
DEUTSCHE BK         DBK LI      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK PZ      44528011653.23  2782557830338.16
DEUTSCHE BANK-RG    DBK EU      44528011653.23  2782557830338.16
E.ON AG             EOA SW      53615276062.48   216211198893.72
DEUTSCHE TEL-NEW    DTE2 GR     60152023678.98   176952381785.44
DEUTSCHE TEL-REG    DTEA IX     60152023678.98   176952381785.44
DEUTSCHE TEL-ADR    DT US       60152023678.98   176952381785.44
DEUTSCHE TEL-CED    DT AR       60152023678.98   176952381785.44
HYPOVEREINSBANK     HVM TQ      34996522266.51   616698999638.73
DRESDNER BK-ALLI    DRB4 GR     18091793399.86   422984216750.99
DEUTSCHE TELEK      DTE EB      60152023678.98   176952381785.44
DEUTSCHE TELE-RT    DTE8 GR     60152023678.98   176952381785.44
DEUTSCHE TELE-WI    DTLOV US    60152023678.98   176952381785.44
VOLKSWAGEN AG       VOWGBX EU   52165611852.33   228601193538.04
DEUTSCHE BK-RTS     DBKS64 BB   44528011653.23  2782557830338.16
DEUTSCHE BK-RTS     DBK8 GR     44528011653.23  2782557830338.16
THYSSENKRUPP AG     TKA TQ      16159852782.48    54765497235.72
DEUTSCHE BK-REG     DBK ES      44528011653.23  2782557830338.16
DEUTSCHE BNK-RFD    DBKA LN     44528011653.23  2782557830338.16
DEUTSCHE TEL-ADR    DTEA GR     60152023678.98   176952381785.44
DEUTSCHE TEL-ADR    DTN MM      60152023678.98   176952381785.44
DEUTSCHE MORGAN     DBHK HK     44528011653.23  2782557830338.16
DEUTSCHE TE-NEW     DTEN GR     60152023678.98   176952381785.44
RWE AG-CONV CTFS    985367Q G   18333585720.51   126262651048.51
RWE AG-ADR          RWEOY US    18333585720.51   126262651048.51
RWE AG+             RWE ES      18333585720.51   126262651048.51
RWE AG-B SHARES     RWEB GR     18333585720.51   126262651048.51
RWE AG-ADR PFD      RWEPY US    18333585720.51   126262651048.51
RWE AG              RWE NR      18333585720.51   126262651048.51
THYSSENKRUPP AG     TKACHF EU   16159852782.48    54765497235.72
RWE AG              RWNFF US    18333585720.51   126262651048.51
RWE AG              RWEAUD EU   18333585720.51   126262651048.51
RWE AG              RWE EO      18333585720.51   126262651048.51
MUENCHENER RUE-R    MUV2 PZ     29657435028.96   291956090783.45
RWE AG-N VTG PFD    RWE3GBP E   18333585720.51   126262651048.51
RWE AG-N VTG PFD    RWE3 EU     18333585720.51   126262651048.51
RWE AG-N VTG PFD    RWE3 EO     18333585720.51   126262651048.51
DEUT TEL-CED BLK    DTB AR      60152023678.98   176952381785.44
RWE AG-N VTG PFD    RWE3 GR     18333585720.51   126262651048.51
RWE AG-N VTG PFD    RWE3USD E   18333585720.51   126262651048.51
BAYER AG            BYR LN      22798385982.96    72878231125.56
RWE AG-N VTG PFD    RWNEF US    18333585720.51   126262651048.51
SIEMENS AG-REG      SIEUSD EO   38511338179.31   130622833330.81
RWE AG              RWEAUD EO   18333585720.51   126262651048.51
RWE AG              RWE SW      18333585720.51   126262651048.51
RWE AG              RWE BQ      18333585720.51   126262651048.51
RWE AG              RWEG IX     18333585720.51   126262651048.51
PORSCHE AUTO-PFD    POR3 TQ     23489837528.12    71059547480.61
LANDESBANK NRW      LBNRW GR    28557458537.64   220218989441.96
PORSCHE AUTO-PFD    PSEPF US    23489837528.12    71059547480.61
RWE AG              RWEG PZ     18333585720.51   126262651048.51
RWE AG              RWECHF EU   18333585720.51   126262651048.51
DRESDNER BANK       DRSDF US    18091793399.86   422984216750.99
BAYER MOTOREN WK    BMWUSD EU   28285905537.78   135682811735.03
RWE AG              RWE TQ      18333585720.51   126262651048.51
RWE AG              RWEUSD EO   18333585720.51   126262651048.51
RWE AG              RWW LN      18333585720.51   126262651048.51
RWE AG              RWETRY EU   18333585720.51   126262651048.51
DRESDNER BANK       DRB SW      18091793399.86   422984216750.99
SIEMENS AG          SIE BB      38511338179.31   130622833330.81
RWE AG              RWENOK EO   18333585720.51   126262651048.51
RWE AG              RWEZ IX     18333585720.51   126262651048.51
MUENCHENER RUE-R    MEURV NA    29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2USD E   29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2USD E   29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2CHF E   29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 NQ     29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 BQ     29657435028.96   291956090783.45
DAIMLER-BENZ        DBZ LI      20164069547.04    76250832174.74
MUENCHENER RUE-R    MUV2CHF E   29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2AUD E   29657435028.96   291956090783.45
VODAFONE AG         MMN AV      31616992813.85    71567349076.48
PORSCHE AUTO-PFD    PAH3 EU     23489837528.12    71059547480.61
MUENCHENER RUE-R    MUV2GBP E   29657435028.96   291956090783.45
MUENCH RUECK-RTS    MUV9 GR     29657435028.96   291956090783.45
MUENCHENER RU-R+    MUV2 ES     29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 EB     29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 EU     29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2GBX E   29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2AUD E   29657435028.96   291956090783.45
MUENCHENER RUE-R    MEU NA      29657435028.96   291956090783.45
DRESDNER BANK       DRSDY SP    18091793399.86   422984216750.99
BAYER MOTOREN WK    BMW VX      28285905537.78   135682811735.03
VEBA AG-ADR         VEB US      53615276062.48   216211198893.72
DAIMLER AG          DAI EB      45658164755.44   182206818441.49
COMMERZBANK         1335Q LN    27771057632.45  1338129304885.64
RWE AG-PRF          RWEQ SW     18333585720.51   126262651048.51
RWE AG-N VTG PFD    RWE3 NR     18333585720.51   126262651048.51
BASF AG             BASFF US    26121873285.65    65579956315.44
RWE AG-REG          RWE9 GR     18333585720.51   126262651048.51
MUENCHENER RUE-R    MUV SW      29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 GR     29657435028.96   291956090783.45
MUENCHENER RUE-R    MURGF US    29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 TQ     29657435028.96   291956090783.45
MUENCHENER RUE-R    MUV2 NR     29657435028.96   291956090783.45
MUENCHENER RUECK    MUV GR      29657435028.96   291956090783.45
MUENCHENER-NEW R    MUV4 GR     29657435028.96   291956090783.45
VOLKSWAGEN AG       VOWCHF EO   52165611852.33   228601193538.04
DEUTSCHE TELEKOM    DTEPLN EU   60152023678.98   176952381785.44
MUENCHENER-ADR      MURGY US    29657435028.96   291956090783.45
PORSCHE AUTO-PFD    PAH3 TQ     23489837528.12    71059547480.61
E.ON AG             EOA EB      53615276062.48   216211198893.72
PORSCHE AUTO-PFD    PAH3GBX E   23489837528.12    71059547480.61
ALLIANZ SE-REG      ALV BQ      51970275054.93   721928513997.76
PORSCHE AUTO-PFD    PAH3GBX E   23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PAH3DKK E   23489837528.12    71059547480.61
BAYER MOTOREN-CL    BMW6 GR     28285905537.78   135682811735.03
PORSCHE AUTO-PFD    POR3 FP     23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PAH3 EB     23489837528.12    71059547480.61
BAYER AG            1330Q LN    22798385982.96    72878231125.56
DAIMLER AG          DAI EO      45658164755.44   182206818441.49
DEUTSCHE TELEKOM    DTECHF EO   60152023678.98   176952381785.44
RWE AG-N VTG PFD    RWE3GBX E   18333585720.51   126262651048.51
DEUTSCHE TELEKOM    DTEGBX EO   60152023678.98   176952381785.44
ALLIANZ SE-REG      ALL IX      51970275054.93   721928513997.76
PORSCHE AG-PFD      POR LN      23489837528.12    71059547480.61
PORSCHE AG-PFD N    POR4 GR     23489837528.12    71059547480.61
THYSSENKRUPP AG+    TKA ES      16159852782.48    54765497235.72
DAIMLER-BENZ        DA SW       20164069547.04    76250832174.74
ALLIANZ SE-REG      ALV EO      51970275054.93   721928513997.76
ALLIANZ SE-NEW      2860124Q    51970275054.93   721928513997.76
DEUTSCHE TELEKOM    DTENOK EO   60152023678.98   176952381785.44
VOLKSWAGEN AG       VOWG NA     52165611852.33   228601193538.04
ALLIANZ SE-REG      ALVAUD EO   51970275054.93   721928513997.76
VOLKSWAGEN-OLD      VOWG BB     52165611852.33   228601193538.04
BAYER AG            BAY NQ      22798385982.96    72878231125.56
DEUTSCHE TEL-NEW    DTE1 GR     60152023678.98   176952381785.44
DEUTSCHE TELEKO+    DTE ES      60152023678.98   176952381785.44
PORSCHE AUTO-PFD    POAHF US    23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PAH3 PZ     23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PAH3 BQ     23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PORV AV     23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PAH3 GR     23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PAH3 NQ     23489837528.12    71059547480.61
PORSCHE AUTOMOBI    PSCHF US    23489837528.12    71059547480.61
PORSCHE AUTOMOBI    88792Z GR   23489837528.12    71059547480.61
PORSCHE AUTO-PFD    POR3 PZ     23489837528.12    71059547480.61
PORSCHE AUTO-PFD    PSHG IX     23489837528.12    71059547480.61
BAYER HYPO-UND V    BVMG FP     34996522266.51   616698999638.73
DRESDNER BANK       8638 JP     18091793399.86   422984216750.99
DEUTSCHE BANK-NE    ZZYA GR     44528011653.23  2782557830338.16
DEUTSCHE BK-DIV     DBKD NA     44528011653.23  2782557830338.16
BASF                4869 JP     26121873285.65    65579956315.44
VODAFONE AG-NEW     MMN1 GR     31616992813.85    71567349076.48
DEUTSCHE TELEKOM    DTE BQ      60152023678.98   176952381785.44
ALLIANZ SE-NEW      2860128Q    51970275054.93   721928513997.76
DAIMLER AG-NEW      3280285Q    45658164755.44   182206818441.49
RWE AG              RWETRY EO   18333585720.51   126262651048.51
PORSCHE AUTO-PFD    PAH3USD E   23489837528.12    71059547480.61
SIEMENS AG-REG      SIEGBX EU   38511338179.31   130622833330.81
RWE AG              RWEG NA     18333585720.51   126262651048.51
RWE AG              RWEUSD EU   18333585720.51   126262651048.51
RWE AG              RWE IM      18333585720.51   126262651048.51
DAIMLER AG          DAI US      45658164755.44   182206818441.49
SIEMENS AG-REG      SIE IM      38511338179.31   130622833330.81
RWE AG              RWE EU      18333585720.51   126262651048.51
RWE AG              RWE EB      18333585720.51   126262651048.51
DAIMLER AG          DAI PZ      45658164755.44   182206818441.49
RWE AG              RWEGBX EO   18333585720.51   126262651048.51
COMMERZBANK-DV97    CMZ NA      27771057632.45  1338129304885.64
VOLKSWAGEN-PFD      VOW3 ES     52165611852.33   228601193538.04
RWE AG              RWE VX      18333585720.51   126262651048.51
DEUTSCHE BANK-RG    DBKCHF EO   44528011653.23  2782557830338.16
BASF SE-CEDEAR      BF AR       26121873285.65    65579956315.44
COMMERZBANK         CBKG BB     27771057632.45  1338129304885.64
VOLKSWAGEN-PFD      VOW3GBX E   52165611852.33   228601193538.04
ALLIANZ SE-REG      ALV NR      51970275054.93   721928513997.76
DEUTSCHE TEL-ADR    QUNDTA AU   60152023678.98   176952381785.44
DRESDNER BANK+      DRB ES      18091793399.86   422984216750.99
E.ON AG             EON LI      53615276062.48   216211198893.72
RWE AG              RWEGBX EU   18333585720.51   126262651048.51
DEUTSCHE BK-OLD     DBK BB      44528011653.23  2782557830338.16
NRW.BANK            NRWB GR     28557458537.64   220218989441.96
BAYER AG-ADR        BAYN MM     22798385982.96    72878231125.56
COMMERZBANK         CBKUSD EU   27771057632.45  1338129304885.64
VOLKSWAGEN AG       VOW EO      52165611852.33   228601193538.04
HYPOVEREINSBANK     3001007Q    34996522266.51   616698999638.73
HYPOVEREINSBANK     3001003Q    34996522266.51   616698999638.73
HYPOVEREINSBANK     BVM VX      34996522266.51   616698999638.73
HYPOVEREINSBANK     HVM FP      34996522266.51   616698999638.73
DEUTSCHE TEL-REG    DTE NA      60152023678.98   176952381785.44
SIEMENS AG-REG      SIENOK EU   38511338179.31   130622833330.81
DEUTSCHE TELEKOM    DTE NQ      60152023678.98   176952381785.44
E.ON AG-ADR         EONN MM     53615276062.48   216211198893.72
BAYER AG            BYR LI      22798385982.96    72878231125.56
DAIMLERCHRYSLER     DCXN MM     45658164755.44   182206818441.49
HYPOVEREINSBANK     HVMGF US    34996522266.51   616698999638.73
HYPOVEREINSBANK     HVB AV      34996522266.51   616698999638.73
HYPOVEREINSB-RTS    HVB1 AV     34996522266.51   616698999638.73
HYPOVEREINSB-RTS    HVM9 GR     34996522266.51   616698999638.73
HYPOVEREINSBANK     HVMV IX     34996522266.51   616698999638.73
HYPOVEREINSBANK     HVMG IX     34996522266.51   616698999638.73
HYPOVEREINSBANK     BVMZ IX     34996522266.51   616698999638.73
HYPOVEREINSBANK     BHV AU      34996522266.51   616698999638.73
HYPOVEREINSBANK     HVM GR      34996522266.51   616698999638.73
DEUTSCHE TELEKOM    DTECHF EU   60152023678.98   176952381785.44
THYSSENKRUPP AG     TKANOK EU   16159852782.48    54765497235.72
COMMERZBANK-NEW     CBK2 GR     27771057632.45  1338129304885.64
DEUTSCHE TEL-RTS    DTE3 GR     60152023678.98   176952381785.44
ALLIANZ SE-REG      ALVAUD EU   51970275054.93   721928513997.76
SIEMENS-CED C/E$    SIC AR      38511338179.31   130622833330.81
DAIMLER AG          DAICHF EO   45658164755.44   182206818441.49
SIEMENS-NEW REG     59129Z GR   38511338179.31   130622833330.81
SIEMENS-NEW         633087Q G   38511338179.31   130622833330.81
DAIMLERCHRYSLE-N    672053Q G   45658164755.44   182206818441.49
SIEMENS AG-ADR      SI US       38511338179.31   130622833330.81
RWE AG-N VTG PFD    RWE3 PZ     18333585720.51   126262651048.51
MUENCHENER RUE-R    MUV2 EO     29657435028.96   291956090783.45
DEUTSCHE BANK-NE    ZZYA PZ     44528011653.23  2782557830338.16
DRESDNER BK-ADR     DRBA GR     18091793399.86   422984216750.99
ALLIANZ AG-REG+     ALV ES      51970275054.93   721928513997.76
BAYER MOTOREN WK    BAMXF US    28285905537.78   135682811735.03
MUENCHENER RUECK    MURKF US    29657435028.96   291956090783.45
BAYER AG            BAYG PZ     22798385982.96    72878231125.56
MUENCHENER RUE-R    MUV2 IM     29657435028.96   291956090783.45
BAYER MOTOR-PFD+    BMW3 ES     28285905537.78   135682811735.03
COMMERZBANK         CBK NA      27771057632.45  1338129304885.64
BASF AG-NEW         BAS2 GR     26121873285.65    65579956315.44
BAYER MOTOREN-N     BMW1 GR     28285905537.78   135682811735.03
VEBA AG             VBEHF US    53615276062.48   216211198893.72
DEUTSCHE BANK-RG    DBKCHF EU   44528011653.23  2782557830338.16
SIEMENS AG-NEW      390638Q G   38511338179.31   130622833330.81
SIEMENS AG-REG      SIEGBX EO   38511338179.31   130622833330.81
SIEMENS AG          SIB BB      38511338179.31   130622833330.81
COMMERZBANK         COMZ IX     27771057632.45  1338129304885.64
BAYER AG            BAY BQ      22798385982.96    72878231125.56
RWE AG-N VTG PFD    RWEP IX     18333585720.51   126262651048.51
THYSSENKRUPP AG     TKA NR      16159852782.48    54765497235.72
DEUTSCHE BANK-RG    DBKGBP EO   44528011653.23  2782557830338.16
BAYER MOTOREN WK    BMW SW      28285905537.78   135682811735.03
DEUTSCHE TELEKOM    DTEFRF EU   60152023678.98   176952381785.44
RWE AG-ADR          RWEA GR     18333585720.51   126262651048.51
BAYER AG NEW        BAY11 EU    22798385982.96    72878231125.56
BASF AG             BASF NA     26121873285.65    65579956315.44
COMMERZBANK         CBK NQ      27771057632.45  1338129304885.64
SIEMENS-CEDEAR $    SID AR      38511338179.31   130622833330.81
DEUTSCHE BK -REG    DBKG AV     44528011653.23  2782557830338.16
VOLKSWAGEN AG       7659 JP     52165611852.33   228601193538.04
SIEMENS AG-REG      SIEGBP EO   38511338179.31   130622833330.81
HYPOVEREINSB-ADR    HVMGY US    34996522266.51   616698999638.73
DAIMLCHR-CED $US    DCXD AR     45658164755.44   182206818441.49
BAYER AG            BAYG IX     22798385982.96    72878231125.56
DAIMLERCHRYS-NEW    874204Q G   45658164755.44   182206818441.49
VOLKSWAGEN AG       VKW LI      52165611852.33   228601193538.04
BASF SE             BAS EB      26121873285.65    65579956315.44
COMMERZBANK         CBKGBX EO   27771057632.45  1338129304885.64
E.ON AG             EOA EO      53615276062.48   216211198893.72
VOLKSWAGEN A-NEW    VOW1 GR     52165611852.33   228601193538.04
HYPOVEREINSBANK     HVM PZ      34996522266.51   616698999638.73
BAYER MOTOREN-RT    BMW8 GR     28285905537.78   135682811735.03
THYSSENKRUPP AG     TKAGBX EO   16159852782.48    54765497235.72
BAYER MOTOREN WK    BMW EB      28285905537.78   135682811735.03
COMMERZBANK         CBK EB      27771057632.45  1338129304885.64
VODAFONE AG         MMN NA      31616992813.85    71567349076.48
VOLKSWAGEN-ADR      VLKAY US    52165611852.33   228601193538.04
BAYER MOTOREN WK    BMWGBX EU   28285905537.78   135682811735.03
ALLIANZ SE-REG      ALVNOK EU   51970275054.93   721928513997.76
MUENCHENER RUE-R    MR VX       29657435028.96   291956090783.45
RWE AG-ADR          3190M US    18333585720.51   126262651048.51
E.ON AG             EOAUSD EO   53615276062.48   216211198893.72
MANNESMANN A G      MNSMF US    31616992813.85    71567349076.48
SIEMENS AG-REG      SINZ IX     38511338179.31   130622833330.81
MANNESMANN AG-N     MMWN AV     31616992813.85    71567349076.48
BAYER MOTOR-PFR     BMWP IX     28285905537.78   135682811735.03
SIEMENS AG-REG      SIE TQ      38511338179.31   130622833330.81
DEUTSCHE BANK-N     895919Q G   44528011653.23  2782557830338.16
DAIMLERCHRYSLER     DCX GR      45658164755.44   182206818441.49
PORSCHE AUTO-PFD    POR3 GR     23489837528.12    71059547480.61
DEUTSCHE TELEKOM    DEU LN      60152023678.98   176952381785.44
ALLIANZ AG-RIGHT    ALVB GR     51970275054.93   721928513997.76
BASF SE             BAS BQ      26121873285.65    65579956315.44
MANNESMAN AG-ADR    MNNSY US    31616992813.85    71567349076.48
MANNESMANN AG       MNSEF US    31616992813.85    71567349076.48
DEUTSCHE TELEKOM    DTEG IX     60152023678.98   176952381785.44
SACHS AG            SACH GR     31616992813.85    71567349076.48
MANNESMANN AG       MA SW       31616992813.85    71567349076.48
MANNESMANN AG-TN    MTDRF US    31616992813.85    71567349076.48
RWE AG              RWEGBP EO   18333585720.51   126262651048.51
MANNESMANN AG-N     MMWN FP     31616992813.85    71567349076.48
MANNESMANN AG-RT    MMWR AV     31616992813.85    71567349076.48
LANDESBANK BADEN    2525Z GR    15195589910.54   646649677915.46
SIEMENS-REG-NEW     SIE1 GR     38511338179.31   130622833330.81
MUENCHENER RUE-R    MUN LN      29657435028.96   291956090783.45
COMMERZBANK         CBKG AV     27771057632.45  1338129304885.64
ALLIANZ-REG-NEW     ALV1 GR     51970275054.93   721928513997.76
BAYER MOTOREN WK    BMW LN      28285905537.78   135682811735.03
DEUTSCHE BANK-RG    DBN MM      44528011653.23  2782557830338.16
ALLIANZ AG          ALV NA      51970275054.93   721928513997.76
DEUTSCHE TELEKOM    DEU LI      60152023678.98   176952381785.44
PORSCHE AUTOMOBI    POAHY US    23489837528.12    71059547480.61
E.ON AG             VEBG NA     53615276062.48   216211198893.72
SIEMENS AG-REG      SIECHF EO   38511338179.31   130622833330.81
BAYERISCHE VEREI    593066Q U   34996522266.51   616698999638.73
SIEMENS AG-REG      SIE EO      38511338179.31   130622833330.81
SIEMENS AG-REG      SIEUSD EU   38511338179.31   130622833330.81
SIEMENS AG-REG      SIEM IX     38511338179.31   130622833330.81
SIEMENS AG-CEDEA    SI AR       38511338179.31   130622833330.81
SIEMENS AG-REG      SIE PZ      38511338179.31   130622833330.81
ALLIANZ SE-REG      ALVCHF EO   51970275054.93   721928513997.76
SIEMENS-CED BLOC    SIB AR      38511338179.31   130622833330.81
SIEMENS AG-REG      SMAWF US    38511338179.31   130622833330.81
SIEMENS AG-REG      SIE GR      38511338179.31   130622833330.81
SIEMENS AG-REG      SIENOK EO   38511338179.31   130622833330.81
SIEMENS AG-REG      SIEG IX     38511338179.31   130622833330.81
SIEMENS AG-REG      SIE BQ      38511338179.31   130622833330.81
SIEMENS AG-REG      SIE EB      38511338179.31   130622833330.81
SIEMENS AG-REG      SIE NQ      38511338179.31   130622833330.81
SIEMENS AG-REG      SIEAUD EO   38511338179.31   130622833330.81
SIEMENS AG-REG      SIECHF EU   38511338179.31   130622833330.81
SIEMENS AG-ADR      SIEA GR     38511338179.31   130622833330.81
VEBA AG             VEB GR      53615276062.48   216211198893.72
SIEMENS AG-ADR W    SI-W US     38511338179.31   130622833330.81
SIEMENS AG-ADR      SMAWY US    38511338179.31   130622833330.81
SIEMENS AG-ADR      SIEB GR     38511338179.31   130622833330.81
RWE AG              RWECHF EO   18333585720.51   126262651048.51
SIEMENS AG          SIE LN      38511338179.31   130622833330.81
SIEMENS AG-ADR      SIN MM      38511338179.31   130622833330.81
SIEMENS AG          SI FP       38511338179.31   130622833330.81
SIEMENS AG-REG      SIN SW      38511338179.31   130622833330.81
SIEMENS AG-REG      SIE NR      38511338179.31   130622833330.81
SIEMENS AG-REG      SIE LI      38511338179.31   130622833330.81
SIEMENS AG-REG      SIE EU      38511338179.31   130622833330.81
SIEMENS AG-REG      SIEGL IX    38511338179.31   130622833330.81
SIEMENS AG-R NEW    SIEN GR     38511338179.31   130622833330.81
DAIMLERCHRYSLER+    DCX ES      45658164755.44   182206818441.49
SIEMENS AG-NAMEN    4439Z GR    38511338179.31   130622833330.81
SIEMENS AG-PFD      SIE3 GR     38511338179.31   130622833330.81
SIEMENS AG-OLD      SIEG BB     38511338179.31   130622833330.81
BAYER MOTOREN WK    BMW NQ      28285905537.78   135682811735.03
BAYER MOTOREN WK    BMWCHF EO   28285905537.78   135682811735.03
BAYER AG            BAYT BB     22798385982.96    72878231125.56
BAYER MOTOREN WK    BMWZ IX     28285905537.78   135682811735.03
COMMERZBANK         CBK PZ      27771057632.45  1338129304885.64
COMMERZBANK         CBKGL IX    27771057632.45  1338129304885.64
COMMERZBANK         CBK EU      27771057632.45  1338129304885.64
BASF AG-ADR         BF US       26121873285.65    65579956315.44
COMMERZBANK         CBKCHF EO   27771057632.45  1338129304885.64
COMMERZBANK         CBKCHF EU   27771057632.45  1338129304885.64
COMMERZBANK         CBKGBP EO   27771057632.45  1338129304885.64
COMMERZBANK         CZB LN      27771057632.45  1338129304885.64
COMMERZBANK         CBKNOK EO   27771057632.45  1338129304885.64
COMMERZBANK         CBKGBX EU   27771057632.45  1338129304885.64
DEUTSCHE TELEKOM    DTEUSD EO   60152023678.98   176952381785.44
BAYER MOTOREN WK    BMW AV      28285905537.78   135682811735.03
BAYER MOTOREN WK    BMW HB      28285905537.78   135682811735.03
THYSSENKRUPP AG     THK LI      16159852782.48    54765497235.72
COMMERZBANK         COM VX      27771057632.45  1338129304885.64
DAIMLER-BENZ        DAI AV      20164069547.04    76250832174.74
BAYER MOTOREN WK    BMW IM      28285905537.78   135682811735.03
BAYER MOTOREN WK    BMWGBX EO   28285905537.78   135682811735.03
SIEMENS AG+         SIE ES      38511338179.31   130622833330.81
VODAFONE AG-EXCH    MMN4 GR     31616992813.85    71567349076.48
DEUTSCHE BANK-RG    DBKPEC1 P   44528011653.23  2782557830338.16
VODAFONE HOLDING    VDF GR      31616992813.85    71567349076.48
BAYER AG NEW        BAY11 EO    22798385982.96    72878231125.56
THYSSENKRUPP AG     TKA EU      16159852782.48    54765497235.72
BAYER AG            BAY EU      22798385982.96    72878231125.56
BASF SE             BASGBX EU   26121873285.65    65579956315.44
DAIMLER AG          DAIN MM     45658164755.44   182206818441.49
SIEMENS AG          SIEG NA     38511338179.31   130622833330.81
HYPOVEREINSBANK     BVM SW      34996522266.51   616698999638.73
BAYER VEREIN-ADR    BAVNY US    34996522266.51   616698999638.73
E.ON AG             EOA TQ      53615276062.48   216211198893.72
BASF AG             BSF LI      26121873285.65    65579956315.44
COMMERZBANK         CBK SW      27771057632.45  1338129304885.64
BAYER MOTOREN-RT    BYRRF US    28285905537.78   135682811735.03
COMMERZBANK         CBKG IX     27771057632.45  1338129304885.64
BAYER MOTOREN WK    BMW GR      28285905537.78   135682811735.03
DEUTSCHE BK-RTS     DBKC NA     44528011653.23  2782557830338.16
BAYERISCHE H-NEW    HVM1 GR     34996522266.51   616698999638.73
BAYERISCHE LB       BLGZ GR     15717492798.98   588329516618.55
VOLKSWAGEN AG       VW VX       52165611852.33   228601193538.04
COMMERZBANK-ADR     CRZBY US    27771057632.45  1338129304885.64
BAYER MOTOR-PFR     BMW3 EU     28285905537.78   135682811735.03
BAYER MOTOR-PFR     BMW3 PZ     28285905537.78   135682811735.03
E.ON AG             EOA NQ      53615276062.48   216211198893.72
BAYER MOTOR-PFR     BMW3 NR     28285905537.78   135682811735.03
BAYER MOTOR-PFR     BMW3 EO     28285905537.78   135682811735.03
BAYER MOTOREN W+    BMW ES      28285905537.78   135682811735.03
COMMERZBANK         CZB LI      27771057632.45  1338129304885.64
COMMERZBANK AG+     CBK ES      27771057632.45  1338129304885.64
BASF AG-NEW         BASN GR     26121873285.65    65579956315.44
BAYER MOTOR-PFR     BYMOF US    28285905537.78   135682811735.03
BAYER HYPO-UND-P    BVM3 GR     34996522266.51   616698999638.73
BAYER HYPO-UND-R    BVM2 GR     34996522266.51   616698999638.73
BAYER MOTOR-PFD     BMW3 GR     28285905537.78   135682811735.03
BAYER AG-SDR        BAYE SS     22798385982.96    72878231125.56
BAYER HYPO-BELEG    HVM2 GR     34996522266.51   616698999638.73
BASF SE             BAS EU      26121873285.65    65579956315.44
COMMERZBANK-NEW     CBKN NA     27771057632.45  1338129304885.64
BAYER MOTOR-PFD     BMW3GBX E   28285905537.78   135682811735.03
BAYER MOTOR-PF N    BMW2 GR     28285905537.78   135682811735.03
BASF SE             BASUSD EO   26121873285.65    65579956315.44
BAYER MOTOR-PFD     BMW3GBX E   28285905537.78   135682811735.03
BAYER MOTOREN WK    BMWNOK EO   28285905537.78   135682811735.03
BASF AG-ADR         BASA GR     26121873285.65    65579956315.44
BAYER MOTOREN WK    BMWG IX     28285905537.78   135682811735.03
VOLKSWAGEN-PFD      VLKOF US    52165611852.33   228601193538.04
BAYER MOTOREN WK    BMW PZ      28285905537.78   135682811735.03
BAYER MOTOREN WK    BMW TQ      28285905537.78   135682811735.03
BAYER MOTOREN WK    BMW EU      28285905537.78   135682811735.03
COMMERZBANK         CBK BQ      27771057632.45  1338129304885.64
COMMERZBANK         CBKAUD EO   27771057632.45  1338129304885.64
COMMERZBANK         CBKAUD EU   27771057632.45  1338129304885.64
BAYER MOTOREN WK    BMWUSD EO   28285905537.78   135682811735.03
COMMERZBANK         0916Q FP    27771057632.45  1338129304885.64
COMMERZBANK         8644 JP     27771057632.45  1338129304885.64
COMMERZBANK         CBK LX      27771057632.45  1338129304885.64
BAYER MOTOREN WK    BMWGBP EO   28285905537.78   135682811735.03
COMMERZBANK         CBK SM      27771057632.45  1338129304885.64
DAIMLER AG-NEW      2760973Q    45658164755.44   182206818441.49
BAYER MOTOREN WK    BMWNOK EU   28285905537.78   135682811735.03
BAYER MOTOREN WK    BMW EO      28285905537.78   135682811735.03
COMMERZBANK         CBK NR      27771057632.45  1338129304885.64
MUENCHENER RUE-R    MUN LI      29657435028.96   291956090783.45
COMMERZBANK         CRZBF US    27771057632.45  1338129304885.64
VOLKSWAGEN AG       1356Q LN    52165611852.33   228601193538.04
DRESDNER BANK-CL    DRSC NA     18091793399.86   422984216750.99
BOSCH (ROBERT)      RBOS GR     32103308333.44    65243290424.59
VOLKSWAGEN AG       VOW NQ      52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWUSD EU   52165611852.33   228601193538.04
VOLKSWAGEN AG       VOW PZ      52165611852.33   228601193538.04
VOLKSWAGEN-NEW      VOW2 GR     52165611852.33   228601193538.04
VOLKSWAGEN-NEW      VOW4 GR     52165611852.33   228601193538.04
RWE AG              RWE NQ      18333585720.51   126262651048.51
VODAFONE AG         VDFOY US    31616992813.85    71567349076.48
VOLKSWAGEN-PFD      VOW3 GR     52165611852.33   228601193538.04
VOLKSWAGEN AG       VWA NA      52165611852.33   228601193538.04
VOLKSWAGEN AG       VW BB       52165611852.33   228601193538.04
DAIMLERCHRYSLER     LER FP      45658164755.44   182206818441.49
DEUTSCHE BANK-RG    DBA NA      44528011653.23  2782557830338.16
VOLKSWAGEN AG       VKW LN      52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWUSD EO   52165611852.33   228601193538.04
E.ON AG-CEDEAR      EON AR      53615276062.48   216211198893.72
VOLKSWAGEN AG       VWZ IX      52165611852.33   228601193538.04
SIEMENS AG-REG      SIE VX      38511338179.31   130622833330.81
VOLKSWAGEN AG       VOWAUD EU   52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWGBP EO   52165611852.33   228601193538.04
BASF AG             BASF AV     26121873285.65    65579956315.44
VOLKSWAGEN AG       VOWAUD EO   52165611852.33   228601193538.04
VOLKSWAGEN AG       VOW EU      52165611852.33   228601193538.04
BAYER AG            BAYCHF EU   22798385982.96    72878231125.56
VOLKSWAGEN AG       VOW SW      52165611852.33   228601193538.04
VOLKSWAGEN AG       VOW BQ      52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOW3USD E   52165611852.33   228601193538.04
VODAFONE AG-REG     MANN SW     31616992813.85    71567349076.48
VOLKSWAGEN AG       VOWNOK EU   52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWN IX     52165611852.33   228601193538.04
VOLKSWAGEN AG       VWP FP      52165611852.33   228601193538.04
VODAFONE AG         MNN LI      31616992813.85    71567349076.48
VOLKSWAGEN AG-N     714789Q G   52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWG IX     52165611852.33   228601193538.04
VOLKSWAGEN-ADR      VLKPY US    52165611852.33   228601193538.04
VOLKSWAGEN-4%PRF    VWP NA      52165611852.33   228601193538.04
VOLKSWAGEN AG-N     962699Q G   52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWNOK EO   52165611852.33   228601193538.04
HYPOVEREINSBANK     3001011Q    34996522266.51   616698999638.73
VOLKSWAGEN AG+      VOW EB      52165611852.33   228601193538.04
VOLKSWAGEN AG       VOW LX      52165611852.33   228601193538.04
VOLKSWAGEN AG       VW IM       52165611852.33   228601193538.04
VOLKSWAGEN-PFD N    962703Q G   52165611852.33   228601193538.04
VOLKSWAGEN-PFD N    VOW6 GR     52165611852.33   228601193538.04
VODAFONE AG         MMWG FP     31616992813.85    71567349076.48
E.ON AG+            EOA ES      53615276062.48   216211198893.72
DRESDNER BK-ODD     DRBO GR     18091793399.86   422984216750.99
VOLKSWAGEN-PFD N    VOW5 GR     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOWP IX     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOW3GBX E   52165611852.33   228601193538.04
DEUTSCHE BANK-RG    DBN IX      44528011653.23  2782557830338.16
VOLKSWAGEN-PFD      VOW3 VX     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VWP BB      52165611852.33   228601193538.04
RWE AG              RWG LI      18333585720.51   126262651048.51
BAYER MOTOR-PFD     BMW3GBP E   28285905537.78   135682811735.03
WESTDEUTSCHE LAN    WLBG GR     28557458537.64   220218989441.96
DEUTSCHE BANK-RG    DBB BB      44528011653.23  2782557830338.16
BMW-ADR             BAMXY US    28285905537.78   135682811735.03
BAYER AG            BRB BB      22798385982.96    72878231125.56
DRESDNER BANK-RT    DRB1 SW     18091793399.86   422984216750.99
VOLKSWAGON AG       VLKAF US    52165611852.33   228601193538.04
RWE AG              RWE GR      18333585720.51   126262651048.51
MANNESMANN-OLD      MMW AV      31616992813.85    71567349076.48
VOLKSWAGEN AG       VOW NR      52165611852.33   228601193538.04
BMW-PFD NEW         BMW5 GR     28285905537.78   135682811735.03
VODAFONE AG         MMN IM      31616992813.85    71567349076.48
VOLKSWAGEN AG       VWG SM      52165611852.33   228601193538.04
VOLKSWAGEN-PFD      50IT LN     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOW3USD E   52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VWPP FP     52165611852.33   228601193538.04
VOLKSWAGEN AG       VOW TQ      52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOW3 NR     52165611852.33   228601193538.04
VOLKSWAGEN AG       VOWGBX EO   52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VW/V SW     52165611852.33   228601193538.04
BASF AG             BFA LN      26121873285.65    65579956315.44
VOLKSWAGEN-PFD      VOW3GBP E   52165611852.33   228601193538.04
BASF AG             BASFT BB    26121873285.65    65579956315.44
VOLKSWAGEN-PFD      VOW3 PZ     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOW3 EU     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOLK FP     52165611852.33   228601193538.04
VOLKSWAGEN-PFD      VOWP LX     52165611852.33   228601193538.04
VODAFONE AG         VDFOF US    31616992813.85    71567349076.48
DRESDNER BANK       DRB BB      18091793399.86   422984216750.99
VOLKSWAGEN-PFD      VLKPF US    52165611852.33   228601193538.04
BASF AG             BA FP       26121873285.65    65579956315.44
VOLKSWAGEN-PFD      VOW3 EO     52165611852.33   228601193538.04
VEBA AG             VEBA AV     53615276062.48   216211198893.72
BAYER AG            BAYCHF EO   22798385982.96    72878231125.56
BAYER AG            BAYGBP EO   22798385982.96    72878231125.56
HYPOVEREINSBANK+    HVM ES      34996522266.51   616698999638.73
VEBA AG             VEB LI      53615276062.48   216211198893.72
BAYER AG            BAY TQ      22798385982.96    72878231125.56
BASF AG-ADR         BFN MM      26121873285.65    65579956315.44
DEUTSCHE TEL -RT    DT-R US     60152023678.98   176952381785.44
BASF SE-CED C/E$    BFC AR      26121873285.65    65579956315.44
DAIMLCHR-CED BLK    DCXB AR     45658164755.44   182206818441.49
BASF SE             BASG PZ     26121873285.65    65579956315.44
BAYER MOTOREN WK    BMWCHF EU   28285905537.78   135682811735.03
VOLKSWAGEN-PFD      VWV AV      52165611852.33   228601193538.04
BAYER AG            BAYZF US    22798385982.96    72878231125.56
BASF SE-CEDEAR $    BFD AR      26121873285.65    65579956315.44
DRESDNER BANK       DRSD NA     18091793399.86   422984216750.99
BAYER AG            BAY BB      22798385982.96    72878231125.56
BAYER AG            BAYNOK EU   22798385982.96    72878231125.56
BAYER AG            BAY SM      22798385982.96    72878231125.56
DAIMLER AG          DACN IX     45658164755.44   182206818441.49
RWE AG-N VTG PF+    RWE3 ES     18333585720.51   126262651048.51
DEUTSCHE TELEKOM    DTE EO      60152023678.98   176952381785.44
BAYER AG            BAY SW      22798385982.96    72878231125.56
BAYER AG            BAY LX      22798385982.96    72878231125.56
DEUTSCHE TELEKOM    DTE GR      60152023678.98   176952381785.44
BAYER AG            BAY GR      22798385982.96    72878231125.56
BAYER AG            BAYNOK EO   22798385982.96    72878231125.56
BAYER AG            BAYUSD EO   22798385982.96    72878231125.56
BAYER AG            BAYD NA     22798385982.96    72878231125.56
DRESDNER BANK       DRB LX      18091793399.86   422984216750.99
COMMERZBANK         CBK TQ      27771057632.45  1338129304885.64
BAYER AG            BR FP       22798385982.96    72878231125.56
SIEMENS AG-NEW      810133Q G   38511338179.31   130622833330.81
E.ON AG             EOAUSD EU   53615276062.48   216211198893.72
WESTDEUTSCHE LBK    WLLUX LX    28557458537.64   220218989441.96
BASF SE             BASM IX     26121873285.65    65579956315.44
THYSSENKRUPP AG     TKA SW      16159852782.48    54765497235.72
DRESDNER BANK       DRSD BB     18091793399.86   422984216750.99
BASF SE             BASAUD EU   26121873285.65    65579956315.44
BASF SE             BFASF US    26121873285.65    65579956315.44
DAIMLER AG          DCX SW      45658164755.44   182206818441.49
DAIMLER AG          DAIUSD EU   45658164755.44   182206818441.49
BASF SE             BAS GR      26121873285.65    65579956315.44
BASF SE             BASCHF EO   26121873285.65    65579956315.44
BASF SE-ADR         BASFYN MM   26121873285.65    65579956315.44
DAIMLCHR-CED C/E    DCXC AR     45658164755.44   182206818441.49
DAIMLCHRY-CEDEAR    DCX AR      45658164755.44   182206818441.49
BASF SE             BASAUD EO   26121873285.65    65579956315.44
BASF SE             BAS NQ      26121873285.65    65579956315.44
BASF SE             BASFL IX    26121873285.65    65579956315.44
BASF SE             BASUSD EU   26121873285.65    65579956315.44
BASF SE             BAS TQ      26121873285.65    65579956315.44
BASF SE             BASCHF EU   26121873285.65    65579956315.44
BASF SE             AN VX       26121873285.65    65579956315.44
BASF SE             BAS NR      26121873285.65    65579956315.44
BASF SE             BASF IX     26121873285.65    65579956315.44
BAYER MOTOREN WK    BMWAUD EO   28285905537.78   135682811735.03
BASF SE-ADR         BASFY US    26121873285.65    65579956315.44
BASF SE             BASNOK EU   26121873285.65    65579956315.44
BASF SE             BFA LI      26121873285.65    65579956315.44
BASF SE             BASNOK EO   26121873285.65    65579956315.44
DEUTSCHE BK -REG    DBKT BB     44528011653.23  2782557830338.16
BASF SE             BASGBP EO   26121873285.65    65579956315.44
E.ON AG             EOA GR      53615276062.48   216211198893.72
VOLKSWAGEN AG       VOWGL IX    52165611852.33   228601193538.04
BAYER AG            BAY1 VX     22798385982.96    72878231125.56
DEUTSCHE BANK-RG    DBK GR      44528011653.23  2782557830338.16
BAYER AG            BAYZ IX     22798385982.96    72878231125.56
BAYER AG            4863 JP     22798385982.96    72878231125.56
SIEMENS AG-REG      SIEAUD EU   38511338179.31   130622833330.81
BAYER AG            BAYGBX EO   22798385982.96    72878231125.56
BAYER AG            BAYGBX EU   22798385982.96    72878231125.56
BAYER AG            BAY EB      22798385982.96    72878231125.56
ALLIANZ SE-ADR      AZ US       51970275054.93   721928513997.76
BAYER AG            1043358Q    22798385982.96    72878231125.56
BAYER AG-CEDEAR     BAY AR      22798385982.96    72878231125.56
DZ BANK AG DEUTS    DZBK GR     16045784738.57   629023083261.53
BAYER AG-CED BLO    BAYB AR     22798385982.96    72878231125.56
BAYER AG-OLD        BAYG BB     22798385982.96    72878231125.56
BAYER AG-CVA AMS    BAYGC NA    22798385982.96    72878231125.56
BAYER AG-CEDEAR$    BAYD AR     22798385982.96    72878231125.56
BAYER AG-ADR        BAYA GR     22798385982.96    72878231125.56
BAYER AG+           BAY ES      22798385982.96    72878231125.56
BAYER AG NEW        BAY1 GR     22798385982.96    72878231125.56
BAYER AG-ADR        BAYRY US    22798385982.96    72878231125.56
BAYER AG-ADR        BAY US      22798385982.96    72878231125.56
E.ON AG             EOA NR      53615276062.48   216211198893.72
DEUTSCHE BANK-RG    DBK TQ      44528011653.23  2782557830338.16
BAYER AG            BAYAUD EO   22798385982.96    72878231125.56
DEUTSCHE TELEKOM    DTE LI      60152023678.98   176952381785.44
BAYER AG            BAY EO      22798385982.96    72878231125.56
BAYER AG            BAY NR      22798385982.96    72878231125.56
BAYER AG            BAYUSD EU   22798385982.96    72878231125.56
BAYER AG            BAY IM      22798385982.96    72878231125.56
BASF AG-OLD         BASF BB     26121873285.65    65579956315.44
BAYER AG            BAYG AV     22798385982.96    72878231125.56


DENMARK
-------
DEN DANSKE BANK     DDB LN      18415730301.41   593869382399.69
A P MOLLER - MA     DP4B GR     29689876765.06    64313628716.66
A P MOLLER - MA     MAERSK/B    29689876765.06    64313628716.66
DANSKE BANK A/S     DANSK EO    18415730301.41   593869382399.69
DANSKE BANK A/S     DSN GR      18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKGBX    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKGBP    18415730301.41   593869382399.69
DANSKE BK A/S       DNSKF US    18415730301.41   593869382399.69
A P MOLLER - MA     MAERS EB    29689876765.06    64313628716.66
DEN DANSKE-ADR      DEAFY US    18415730301.41   593869382399.69
A P MOLLER - MA     MAERSKB D   29689876765.06    64313628716.66
DANSKE BK           DDB LI      18415730301.41   593869382399.69
A P MOLLER - MA     MAERS TQ    29689876765.06    64313628716.66
DANSKE BANK A/S     DANSK TQ    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKE EU   18415730301.41   593869382399.69
DANSKE BANK-NEW     DANSKEN D   18415730301.41   593869382399.69
DANSKE BANK-ADR     DNSKY US    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKGBX    18415730301.41   593869382399.69
A P MOLLER - MAE    MAER1GBX    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1USD    29689876765.06    64313628716.66
DANSKE BANK A/S     DANSKE DC   18415730301.41   593869382399.69
DANSKE BANK A/S     DANSK EU    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKUSD    18415730301.41   593869382399.69
DANSKE BANK A/S     DB DC       18415730301.41   593869382399.69
DANSKE BANK A/S     DANSK NR    18415730301.41   593869382399.69
D/S SVENDBORG-A     DSVENA DC   29689876765.06    64313628716.66
D/S SVENDBORG-B     DSACB DC    29689876765.06    64313628716.66
DANSKE BANK A/S     DANSK EB    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKE PZ   18415730301.41   593869382399.69
D/S SVENDBORG-A     SVDCF US    29689876765.06    64313628716.66
DANSKE BANK A/S     DANSKUSD    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSK BY    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSK NQ    18415730301.41   593869382399.69
DANSKE BANK A/S     DANSKEUR    18415730301.41   593869382399.69
A P MOLLER - MA     MAERSKB V   29689876765.06    64313628716.66
DANSKE BANK A/S     DANSKEUR    18415730301.41   593869382399.69
A P MOLLER - MA     MAERSGBX    29689876765.06    64313628716.66
A P MOLLER - MA     MAERSEUR    29689876765.06    64313628716.66
A P MOLLER - MAE    MAERSK/A    29689876765.06    64313628716.66
A P MOLLER - MA     MAERS NQ    29689876765.06    64313628716.66
A P MOLLER - MA     MAERSGBP    29689876765.06    64313628716.66
DEN DANSKE BK AF    DEAFF US    18415730301.41   593869382399.69
A P MOLLER - MA     MAERS NR    29689876765.06    64313628716.66
A P MOLLER - MAE    AMKAF US    29689876765.06    64313628716.66
D/S SVENDBORG-B     DSVENB DC   29689876765.06    64313628716.66
A P MOLLER - MAE    MAERSKA D   29689876765.06    64313628716.66
A P MOLLER - MA     MAERSUSD    29689876765.06    64313628716.66
D/S SVENDBORG-A     DSSVF US    29689876765.06    64313628716.66
A P MOLLER - MAE    DSAA IX     29689876765.06    64313628716.66
A P MOLLER - MA     MAERSUSD    29689876765.06    64313628716.66
A P MOLLER - MA     MAERS EO    29689876765.06    64313628716.66
DANSKE BK A/S       DANSI IX    18415730301.41   593869382399.69
A P MOLLER - MA     AMKBF US    29689876765.06    64313628716.66
A P MOLLER-A-ADR    AMKAY US    29689876765.06    64313628716.66
D/S SVENDBORG-A     DSACA DC    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1 EU    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1EUR    29689876765.06    64313628716.66
D/S SVENDBORG-B     SVDBF US    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1 BY    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1 TQ    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1EUR    29689876765.06    64313628716.66
DANSKE BANK A/S     DDBC IX     18415730301.41   593869382399.69
A P MOLLER - MAE    MAERSKA V   29689876765.06    64313628716.66
DEN DANSKE BANK     DDBC DC     18415730301.41   593869382399.69
A P MOLLER - MA     MAERSEUR    29689876765.06    64313628716.66
DANSKE BK A/S       DANSKE VX   18415730301.41   593869382399.69
A P MOLLER - MAE    MAER1 EO    29689876765.06    64313628716.66
A P MOLLER-B-ADR    AMKBY US    29689876765.06    64313628716.66
A P MOLLER - MA     MAERS EU    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1 EB    29689876765.06    64313628716.66
A P MOLLER - MA     MAER IX     29689876765.06    64313628716.66
A P MOLLER - MA     MAERS BY    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1 NQ    29689876765.06    64313628716.66
A P MOLLER - MA     MAERSGBX    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1GBP    29689876765.06    64313628716.66
D/S SVENDBORG-B     DSSBF US    29689876765.06    64313628716.66
A P MOLLER - MAE    MAER1USD    29689876765.06    64313628716.66


SPAIN
-----
TELEFONICA SA-CT    TNE GR      27293882640.17   134268665465.76
BANCO SANTAND-RT    BSD8 GR     83717082303.23  1475482979426.25
TELEFONICA SA       259087Z S   27293882640.17   134268665465.76
TELEFONICA SA       AFX PE      27293882640.17   134268665465.76
BANCO SANTAND-N     SAN/N SM    83717082303.23  1475482979426.25
BANCO BILBAO VIZ    BBVD GR     37260154065.31   718781420029.64
BANCO BILBAO-NEW    BBV/N SM    37260154065.31   718781420029.64
BANCO SANT-6/94     SAN/Y SM    83717082303.23  1475482979426.25
TELEFONICA SA       TDE LI      27293882640.17   134268665465.76
BANCO BILBAO-CER    BBV SW      37260154065.31   718781420029.64
BANCO BILBAO-ADR    BBV US      37260154065.31   718781420029.64
TELEFONICA-CTF N    TNE4 GR     27293882640.17   134268665465.76
BANCO BILBAO -CT    BBVA SW     37260154065.31   718781420029.64
TELEFONICA          TEF IM      27293882640.17   134268665465.76
BANCO SANTAN-ADR    STDN MM     83717082303.23  1475482979426.25
BANCO SANTAND-CT    BCS SW      83717082303.23  1475482979426.25
BANCO BILBAO -CT    BBVZ IX     37260154065.31   718781420029.64
BANCO SANTANDER     SANSEK EO   83717082303.23  1475482979426.25
BANCO SANTAN-91     SAN/S SM    83717082303.23  1475482979426.25
CAIXA D'ESTALVIS    1922Z SM    29518150472.65   470142685487.75
REPSOL YPF SA       REP NR      34593829640.54    71408523807.63
TELEFONICA-ADR      TEF PE      27293882640.17   134268665465.76
TELEFONICA-BDR R    TEFC12 BZ   27293882640.17   134268665465.76
BANCO BILBAO-ADR    BBVV CN     37260154065.31   718781420029.64
BANCO BILBAO-$US    BBVD AR     37260154065.31   718781420029.64
TELEFONICA-ADR      TEFN MM     27293882640.17   134268665465.76
TELEFONICA-ADR      TEF US      27293882640.17   134268665465.76
BANCO SANTANDER     SAN SM      83717082303.23  1475482979426.25
BANCO SANTANDER     STDC AR     83717082303.23  1475482979426.25
BANCO SANTANDER     SANGBP EO   83717082303.23  1475482979426.25
BANCO BILBAO-ADR    BBVN MM     37260154065.31   718781420029.64
TELEFONICA-CED B    TEFB AR     27293882640.17   134268665465.76
TELEFONICA SA-CT    TNEZ IX     27293882640.17   134268665465.76
BSCH                BSBDF US    83717082303.23  1475482979426.25
TELEFONICA SA-CT    2735014Q    27293882640.17   134268665465.76
TELEFONICA SA-CE    TEFO AR     27293882640.17   134268665465.76
TELEFONICA SA-CT    TNE PZ      27293882640.17   134268665465.76
TELEFONICA SA-CT    TEFCF US    27293882640.17   134268665465.76
TELEFONICA-CED C    TEFC AR     27293882640.17   134268665465.76
TELEFONICA SA-CT    2735010Q    27293882640.17   134268665465.76
BANCO SANTANDER     SANT IM     83717082303.23  1475482979426.25
TELEFONICA SA-RT    TFRT FP     27293882640.17   134268665465.76
TELEFONICA SA-RT    1003Q SM    27293882640.17   134268665465.76
TELEFONICA-RTS      182566Q S   27293882640.17   134268665465.76
TELEFONICA -RTS     TNEB GR     27293882640.17   134268665465.76
TELEFONICA-NEW      TEF/N SM    27293882640.17   134268665465.76
BSCH                SANTA PL    83717082303.23  1475482979426.25
BSCH                SCH SM      83717082303.23  1475482979426.25
BSCH                BS FP       83717082303.23  1475482979426.25
TELEFONICA          TFA NA      27293882640.17   134268665465.76
TELEFONICA-D ZER    TNEA GR     27293882640.17   134268665465.76
BANCO BILBAO,VIZ    8655 JP     37260154065.31   718781420029.64
TELEFONICA-BN RT    131805Q F   27293882640.17   134268665465.76
BANCO BILBAO-ADR    BBVA GR     37260154065.31   718781420029.64
ENDESA              ELEGBX EO   28970973060.16    77006909038.44
IBERDROLA RENOVA    IRVSF US     15610449034.1    28206587825.34
TELEFONICA          TEFCHF EO   27293882640.17   134268665465.76
TELEFONICA          TNEG IX     27293882640.17   134268665465.76
TELEFONICA          TEFCHF EU   27293882640.17   134268665465.76
TELEFONICA-RTS      TEFV FP     27293882640.17   134268665465.76
BANCO SANTAN-ADR    STD US      83717082303.23  1475482979426.25
TELEFONICA-BON R    TFH3 FP     27293882640.17   134268665465.76
BSCH                BSC PL      83717082303.23  1475482979426.25
TELEFONICA          TNE5 GR     27293882640.17   134268665465.76
TELEFONICA -BDR     TLFBF US    27293882640.17   134268665465.76
CRITERIA CAIXA C    CRI1 EU     17319601720.55    60695457735.88
TELEFONICA          9481 JP     27293882640.17   134268665465.76
BANCO BILBAO-BLK    BBVB AR     37260154065.31   718781420029.64
TELEF ESPANA-ADR    TEF LI      27293882640.17   134268665465.76
REPSOL YPF SA       REP VX      34593829640.54    71408523807.63
BSCH-GERM CTFS      BSD GR      83717082303.23  1475482979426.25
TELEFONICA          TEFGBX EU   27293882640.17   134268665465.76
TELEFONICA          TF FP       27293882640.17   134268665465.76
TELEF ESPANA-RTS    TEF-R US    27293882640.17   134268665465.76
BANCO BILBAO VIZ    BBVD IX     37260154065.31   718781420029.64
BANCO BILBAO VIZ    BBVA LN     37260154065.31   718781420029.64
BANCO BILBAO VIZ    BBVD PZ     37260154065.31   718781420029.64
BBVA                BBVA TQ     37260154065.31   718781420029.64
CRITERIA CAIXA C    CRI1 NR     17319601720.55    60695457735.88
BANCO BILBAO VIZ    BBVZF US    37260154065.31   718781420029.64
TELEFONICA          TDE LN      27293882640.17   134268665465.76
TELEFONICA SA       TEF NA      27293882640.17   134268665465.76
TELEFONICA          TES VX      27293882640.17   134268665465.76
BANCO BILBAO VIZ    BBVD EU     37260154065.31   718781420029.64
TELEFONICA          TEFUSD EU   27293882640.17   134268665465.76
TELEFONICA-BON R    TEF/D SM    27293882640.17   134268665465.76
TELEFONICA          TEF PZ      27293882640.17   134268665465.76
TELEFONICA SA       TFNEF US    27293882640.17   134268665465.76
TELEFONICA          TEF SM      27293882640.17   134268665465.76
TELEFONICA          TEF IX      27293882640.17   134268665465.76
TELEFONICA          TEFA IX     27293882640.17   134268665465.76
TELEFONICA-RTS      TFAR NA     27293882640.17   134268665465.76
BANCO BILBAO-ADR    BBVDS LI    37260154065.31   718781420029.64
TELEFONICA-BON R    TNE6 GR     27293882640.17   134268665465.76
IBERDROLA RENOVA    IBR IX       15610449034.1    28206587825.34
TELEFONICA-CT RT    TNE3 GR     27293882640.17   134268665465.76
BANCO SANTANDER     SANTA NA    83717082303.23  1475482979426.25
ENDESA              ELE EU      28970973060.16    77006909038.44
BBVA                BBVA NR     37260154065.31   718781420029.64
BBVA                BBVA PZ     37260154065.31   718781420029.64
TELEFONICA          TEPI IX     27293882640.17   134268665465.76
IBERDROLA RENOVA    IBR PZ       15610449034.1    28206587825.34
BANCO SANTANDER     SAN* MM     83717082303.23  1475482979426.25
TELEFONICA SA       TEFQ IX     27293882640.17   134268665465.76
BANCO BILBAO VIZ    BBV SM      37260154065.31   718781420029.64
TELEFONICA-RTS      TFNRF US    27293882640.17   134268665465.76
TELEFONICA          TEFUSD EO   27293882640.17   134268665465.76
CRITERIA CAI-ADR    CIXPY US    17319601720.55    60695457735.88
IBERDROLA SA        IBE/N EO    35869228053.05   119138992032.63
BBVA                BBVA IM     37260154065.31   718781420029.64
BBVA                BOY GR      37260154065.31   718781420029.64
BBVA                BBVAUSD E   37260154065.31   718781420029.64
BBVA                BBVA* MM    37260154065.31   718781420029.64
IBERDROLA SA        IBE/N EU    35869228053.05   119138992032.63
BBVA                BBVXF US    37260154065.31   718781420029.64
REPSOL YPF SA       REP LN      34593829640.54    71408523807.63
BBVA                BVA LN      37260154065.31   718781420029.64
BBVA                BBVAGBX E   37260154065.31   718781420029.64
BBVA                BBVA SM     37260154065.31   718781420029.64
BBVA                BVA LI      37260154065.31   718781420029.64
BBVA                BBVA EO     37260154065.31   718781420029.64
BBVA                BBVA EU     37260154065.31   718781420029.64
BBVA                BBV NA      37260154065.31   718781420029.64
IBERDROLA SA        IBE GR      35869228053.05   119138992032.63
BBVA                BBVA IX     37260154065.31   718781420029.64
REPSOL YPF SA       REPGBP EO   34593829640.54    71408523807.63
REPSOL YPF SA       REP PZ      34593829640.54    71408523807.63
REPSOL YPF SA       REP IX      34593829640.54    71408523807.63
REPSOL YPF SA       REPGBX EO   34593829640.54    71408523807.63
REPSOL YPF SA       REP AR      34593829640.54    71408523807.63
REPSOL YPF SA       REP EU      34593829640.54    71408523807.63
CRITERIA CAIXA C    48CA GR     17319601720.55    60695457735.88
BANCO SANTANDER     STDD AR     83717082303.23  1475482979426.25
REPSOL SA-ADR       REPDR LI    34593829640.54    71408523807.63
ENDESA              ELEUSD EO   28970973060.16    77006909038.44
REPSOL SA           RPSLF US    34593829640.54    71408523807.63
REPSOL SA           REP LI      34593829640.54    71408523807.63
BANCO SANTANDER     SANS PZ     83717082303.23  1475482979426.25
REPSOL YPF -ADR     REPA GR     34593829640.54    71408523807.63
TELEFONICA          TEFOF US    27293882640.17   134268665465.76
REPSOL SA-AKT       REPG IX     34593829640.54    71408523807.63
CRITERIA CAIXA C    CRI1 EO     17319601720.55    60695457735.88
IBERDROLA RENOVA    IBR SM       15610449034.1    28206587825.34
BANCO BILBAO VIZ    BBVA AR     37260154065.31   718781420029.64
REPSOL YPF SA       REP SM      34593829640.54    71408523807.63
REPSOL SA-AKT       REP GR      34593829640.54    71408523807.63
TELEFONICA          TEF EU      27293882640.17   134268665465.76
BANCO SANTANDER     SAN NR      83717082303.23  1475482979426.25
BANCO SANTAN-ADR    STD-W US    83717082303.23  1475482979426.25
REPSOL YPF SA       REPUSD EO   34593829640.54    71408523807.63
ENDESA SA           ENA GR      28970973060.16    77006909038.44
ENDESA SA           END VX      28970973060.16    77006909038.44
REPSOL YPF SA       REP EO      34593829640.54    71408523807.63
IBERDROLA SA        IBE SM      35869228053.05   119138992032.63
REPSOL YPF-C/E      REPC AR     34593829640.54    71408523807.63
REPSOL YPF-$US      REPD AR     34593829640.54    71408523807.63
REPSOL YPF SA       REP NQ      34593829640.54    71408523807.63
IBERDROLA SA        IBEUSD EU   35869228053.05   119138992032.63
IBERDROLA SA        3115502Q    35869228053.05   119138992032.63
IBERDROLA SA        IBE NQ      35869228053.05   119138992032.63
IBERDROLA RENOVA    IBR EU       15610449034.1    28206587825.34
IBERDROLA RENOVA    IBRUSD EO    15610449034.1    28206587825.34
IBERDROLA SA        IBEUSD EO   35869228053.05   119138992032.63
IBERDROLA SA        IBE VX      35869228053.05   119138992032.63
IBERDROLA SA        IBE/N SM    35869228053.05   119138992032.63
IBERDROLA SA        IBE TQ      35869228053.05   119138992032.63
IBERDROLA SA        IBDRF US    35869228053.05   119138992032.63
IBERDROLA SA        IBE NR      35869228053.05   119138992032.63
IBERDROLA SA        IBDSF US    35869228053.05   119138992032.63
IBERDROLA SA        IBE1 GR     35869228053.05   119138992032.63
IBERDROLA SA        IBE EO      35869228053.05   119138992032.63
IBERDROLA SA        IBE LN      35869228053.05   119138992032.63
BANCO BILBAO-C/E    BBVC AR     37260154065.31   718781420029.64
BANCO SANT-NEW      3118052Z    83717082303.23  1475482979426.25
TELEFONICA-ADR      TNE2 GR     27293882640.17   134268665465.76
IBERDROLA RE-ADR    IRVDY US     15610449034.1    28206587825.34
TELEFONICA-BON R    TLFJF US    27293882640.17   134268665465.76
BANCO SANTAND-94    SAN/X SM    83717082303.23  1475482979426.25
BANCO BILBAO-CED    BBV AR      37260154065.31   718781420029.64
BANCO SANTAND-RT    BDS8 GR     83717082303.23  1475482979426.25
IBERDROLA RENOVA    IBRGBP EO    15610449034.1    28206587825.34
IBERDROLA RENOVA    IBRUSD EU    15610449034.1    28206587825.34
TELEFONICA          TEFGBP EO   27293882640.17   134268665465.76
IBERDROLA RENOVA    IBRAUD EU    15610449034.1    28206587825.34
IBERDROLA RENOVA    IBR NQ       15610449034.1    28206587825.34
TELEFONICA          TEF EO      27293882640.17   134268665465.76
IBERDROLA RENOVA    IBR EO       15610449034.1    28206587825.34
IBERDROLA RENOVA    IBR TQ       15610449034.1    28206587825.34
REPSOL YPF SA       REPGBX EU   34593829640.54    71408523807.63
BANCO SANTANDER     BSA NA      83717082303.23  1475482979426.25
BANCO SANTANDER     SANTRY EU   83717082303.23  1475482979426.25
ENDESA              ELES PZ     28970973060.16    77006909038.44
IBERDROLA SA        IDRO IX     35869228053.05   119138992032.63
IBERDROLA SA        IBE IX      35869228053.05   119138992032.63
REPSOL YPF -ADR     REP US      34593829640.54    71408523807.63
BANCO SANTANDER     STD AR      83717082303.23  1475482979426.25
TELEFONICA          TEFGBX EO   27293882640.17   134268665465.76
TELEFONICA          TEF AR      27293882640.17   134268665465.76
TELEFONICA- $       TEFD AR     27293882640.17   134268665465.76
BBVA                BBV VX      37260154065.31   718781420029.64
IBERDROLA RENOVA    IBRGBX EU    15610449034.1    28206587825.34
TELEFONICA -RTS     TNE8 GR     27293882640.17   134268665465.76
BANCO BILBAO VIZ    BBVD EO     37260154065.31   718781420029.64
BANCO BILBAO-ADR    BBVG IX     37260154065.31   718781420029.64
IBERDROLA-ADR       3314694Z     15610449034.1    28206587825.34
BANCO SANTANDER     SAN/D SM    83717082303.23  1475482979426.25
BBVA                BBVAGBP E   37260154065.31   718781420029.64
CRITERIA CAIXA C    CRI1GBP E   17319601720.55    60695457735.88
IBERDROLA SA        IBEGBX EU   35869228053.05   119138992032.63
IBERDROLA SA        IBE PZ      35869228053.05   119138992032.63
IBERDROLA SA-ADR    IBDRY US    35869228053.05   119138992032.63
IBERDROLA SA-NEW    3324145Q    35869228053.05   119138992032.63
REPSOL YPF SA       REPYF US    34593829640.54    71408523807.63
TELEFONICA-BN RT    TELEFNC N   27293882640.17   134268665465.76
REPSOL YPF SA       REP TQ      34593829640.54    71408523807.63
IBERDROLA RENOVA    3IR GR       15610449034.1    28206587825.34
BSCH                BSC IM      83717082303.23  1475482979426.25
REPSOL YPF SA       REPUSD EU   34593829640.54    71408523807.63
BANCO BILBAO-REG    BBV LI      37260154065.31   718781420029.64
ENDESA              ELE EO      28970973060.16    77006909038.44
BANCO SANTANDER     BSD3 GR     83717082303.23  1475482979426.25
ENDESA              ELEGBP EO   28970973060.16    77006909038.44
ENDESA              ELE NR      28970973060.16    77006909038.44
ENDESA              ELE NQ      28970973060.16    77006909038.44
ENDESA              ELE TQ      28970973060.16    77006909038.44
ENDESA - SP ADR     ENDDR LI    28970973060.16    77006909038.44
ENDESA SA           ELE NA      28970973060.16    77006909038.44
ENDESA              ELEUSD EU   28970973060.16    77006909038.44
TELEFONICA SA       TLFNF US    27293882640.17   134268665465.76
BBVA                BBVA NQ     37260154065.31   718781420029.64
BANCO SANTANDER     SAN IX      83717082303.23  1475482979426.25
BANCO SANTANDER     SANUSD EO   83717082303.23  1475482979426.25
IBERDROLA-ADR       IRVSY US     15610449034.1    28206587825.34
BANCO SANTANDER     SANSEK EU   83717082303.23  1475482979426.25
IBERDROLA SA        IBEGBX EO   35869228053.05   119138992032.63
ENDESA              ELE SM      28970973060.16    77006909038.44
ENDESA              ELEGBX EU   28970973060.16    77006909038.44
BANCO SANTANDER     DSANT PL    83717082303.23  1475482979426.25
ENDESA              ELE IX      28970973060.16    77006909038.44
BANCO SANTAN-ADR    BSDK GR     83717082303.23  1475482979426.25
BANCO SANTANDER     SANQ IX     83717082303.23  1475482979426.25
IBERDROLA SA        IBECHF EU   35869228053.05   119138992032.63
TELEFONICA -BDR     TEFC11 BZ   27293882640.17   134268665465.76
BANCO SANTANDER     BCDRF US    83717082303.23  1475482979426.25
IBERDROLA SA        IBECHF EO   35869228053.05   119138992032.63
REPSOL YPF -ADR     REPN MM     34593829640.54    71408523807.63
BANCO SANTANDER     SANGBX EU   83717082303.23  1475482979426.25
BANCO SANTANDER     51993Q SM   83717082303.23  1475482979426.25
CRITERIA CAIXA C    CRI1 TQ     17319601720.55    60695457735.88
ENDESA SA           ELZEF US    28970973060.16    77006909038.44
ENDESA SA           2869926Q    28970973060.16    77006909038.44
ENDESA SA-ADR       ELEYYN MM   28970973060.16    77006909038.44
ENDESA SA           ENDG IX     28970973060.16    77006909038.44
ENDESA SA           ELEZF US    28970973060.16    77006909038.44
BANCO SANTANDER     SAN1 VX     83717082303.23  1475482979426.25
IBERDROLA SA-NEW    1011119Q    35869228053.05   119138992032.63
TELEFONICA-BN RT    TFFN FP     27293882640.17   134268665465.76
ENDESA SA-ADR       ELE US      28970973060.16    77006909038.44
BANCO SANTANDER     SANUSD EU   83717082303.23  1475482979426.25
BANCO SANTANDER     BSD2 GR     83717082303.23  1475482979426.25
IBERDROLA SA        IBD LI      35869228053.05   119138992032.63
CRITERIA CAIXA C    CRI1GBX E   17319601720.55    60695457735.88
CRITERIA CAI-NEW    48C GR      17319601720.55    60695457735.88
IBERDROLA SA        2256609Q    35869228053.05   119138992032.63
TELEFONICA-BON R    TELST NA    27293882640.17   134268665465.76
TELEFONICA          TEF TQ      27293882640.17   134268665465.76
BBVA                BBVAGBX E   37260154065.31   718781420029.64
ENDESA SA           END LI      28970973060.16    77006909038.44
ENDESA SA-ADR       ELEN MM     28970973060.16    77006909038.44
CRITERIA CAIXA C    CIXPF US    17319601720.55    60695457735.88
CRITERIA CAIXA C    CRIT IX     17319601720.55    60695457735.88
BBVA                BBVAUSD E   37260154065.31   718781420029.64
CRITERIA CAIXA C    CRI1GBX E   17319601720.55    60695457735.88
CRITERIA CAIXA C    CRI1USD E   17319601720.55    60695457735.88
CRITERIA CAIXA C    CRI1 NQ     17319601720.55    60695457735.88
CRITERIA CAIXA C    CRIT PZ     17319601720.55    60695457735.88
CRITERIA CAIXA C    CRI SM      17319601720.55    60695457735.88
CRITERIA CAIXA C    CRI1USD E   17319601720.55    60695457735.88
BANCO SANTANDER     SANGBX EO   83717082303.23  1475482979426.25
BANCO SANTAND-RT    SAN/B SM    83717082303.23  1475482979426.25
TELEFONICA          TEF NQ      27293882640.17   134268665465.76
BANCO SANTANDER     BDS LI      83717082303.23  1475482979426.25
IBERDROLA RENOVA    IBR NR       15610449034.1    28206587825.34
BANCO SANTANDER     SAN NQ      83717082303.23  1475482979426.25
BANCO SANTANDER     SANT PL     83717082303.23  1475482979426.25
BANCO SANTANDER     SANT IX     83717082303.23  1475482979426.25
BANCO SANTANDER     SAN TQ      83717082303.23  1475482979426.25
BANCO SANTANDER     SCHI IX     83717082303.23  1475482979426.25
BANCO SANTANDER     BDS LN      83717082303.23  1475482979426.25
IBERDROLA RENOVA    IBRGBX EO    15610449034.1    28206587825.34
BANCO BILBAO VIZ    BBV IM      37260154065.31   718781420029.64
BANCO SANTANDER     SAN EO      83717082303.23  1475482979426.25
BANCO SANTANDER     SANTRY EO   83717082303.23  1475482979426.25
BANCO SANTANDER     8654 JP     83717082303.23  1475482979426.25
BANCO SANTANDER     3195587Q    83717082303.23  1475482979426.25
IBERDROLA SA        IBE EU      35869228053.05   119138992032.63
BANCO SANTANDER     BSCF IX     83717082303.23  1475482979426.25
IBERDROLA RENOVA    IBRAUD EO    15610449034.1    28206587825.34
BANCO SANTANDER     BNC LN      83717082303.23  1475482979426.25
TELEFONICA          TEF NR      27293882640.17   134268665465.76
ENDESA SA-ADR       ELEYY US    28970973060.16    77006909038.44
BANCO BILBAO-ADR    BBV PE      37260154065.31   718781420029.64
BANCO SANTANDER     SAN EU      83717082303.23  1475482979426.25


FINLAND
-------
NOKIA OYJ           NOK1VGBX    23035579032.68    52871143986.13
NOKIA OYJ           NOA3 GR     23035579032.68    52871143986.13
NOKIA OYJ           NOKI SW     23035579032.68    52871143986.13
NOKIA OYJ           NIA NA      23035579032.68    52871143986.13
NOKIA OYJ           NOAG IX     23035579032.68    52871143986.13
NOKIA OYJ           NOK1V PZ    23035579032.68    52871143986.13
NOKIA OYJ           NOKBF US    23035579032.68    52871143986.13
NOKIA CORP-CED C    NOKAC AR    23035579032.68    52871143986.13
NOKIA OYJ           NOK LI      23035579032.68    52871143986.13
NOKIA OYJ           NOK1VGBP    23035579032.68    52871143986.13
NOKIA OYJ           NOKN IX     23035579032.68    52871143986.13
NOKIA OYJ           NOKA IX     23035579032.68    52871143986.13
NOKIA OYJ           NOK1VSEK    23035579032.68    52871143986.13
NOKIA OYJ           NOK1V FH    23035579032.68    52871143986.13
NOKIA OYJ           NOK1VSEK    23035579032.68    52871143986.13
NOKIA OYJ           NOK1V IM    23035579032.68    52871143986.13
NOKIA OYJ-NEW       NOK1VM09    23035579032.68    52871143986.13
NOKIA OYJ-NEW       NOKXI IX    23035579032.68    52871143986.13
NOKIA OYJ-NEW       NOK1VM08    23035579032.68    52871143986.13
NOKIA OYJ-NEW       NOK1VM FH   23035579032.68    52871143986.13
NOKIA OYJ           NOKISEK I   23035579032.68    52871143986.13
NOKIA OYJ           NOK1V BY    23035579032.68    52871143986.13
NOKIA OYJ-SDR       NOKI SS     23035579032.68    52871143986.13
NOKIA OYJ-SDR       NOKI IX     23035579032.68    52871143986.13
NOKIA OYJ           NIA VX      23035579032.68    52871143986.13
NOKIA OYJ-A         NOKAV FH    23035579032.68    52871143986.13
NOKIA OYJ           NOK1VUSD    23035579032.68    52871143986.13
NOKIA OYJ           NOKS IX     23035579032.68    52871143986.13
NOKIA OYJ-K         NOKKV FH    23035579032.68    52871143986.13
NOKIA OYJ-NEW       NOK1VM09    23035579032.68    52871143986.13
NOKIA OYJ-A         NOKA LI     23035579032.68    52871143986.13
NOKIA OYJ-DT CTF    NOKDF US    23035579032.68    52871143986.13
NOKIA OYJ           NOK1VSEK    23035579032.68    52871143986.13
NOKIA OYJ-OLD       NOKAF US    23035579032.68    52871143986.13
NOKIA OYJ           NOK1VGBX    23035579032.68    52871143986.13
NOKIA AB            NOKS FH     23035579032.68    52871143986.13
NOKIA CORP-ADR      1457Z US    23035579032.68    52871143986.13
NOKIA CORP-CED      NOKA AR     23035579032.68    52871143986.13
NOKIA OYJ           NOK1V TQ    23035579032.68    52871143986.13
NOKIA CORP-ADR      NOAA IX     23035579032.68    52871143986.13
NOKIA OYJ           NOKP FP     23035579032.68    52871143986.13
NOKIA OYJ           NOKISEK S   23035579032.68    52871143986.13
NOKIA OYJ-K         NOKK LI     23035579032.68    52871143986.13
NOKIA OYJ           NOKMI IX    23035579032.68    52871143986.13
NOKIA OYJ-SDR       NKSDF US    23035579032.68    52871143986.13
NOKIA OYJ           NKASF US    23035579032.68    52871143986.13
NOKIA OYJ-NEW       NOK1VM01    23035579032.68    52871143986.13
NOKIA OYJ           NOK1V EB    23035579032.68    52871143986.13
NOKIA CORP-ADR      NOKN MM     23035579032.68    52871143986.13
NOKIA CORP-ADR      NOAA GR     23035579032.68    52871143986.13
NOKIA AB-PREF       NOKSPF FH   23035579032.68    52871143986.13
NOKIA AB-PREF       NOKIP SS    23035579032.68    52871143986.13
NOKIA CORP-CED B    NOKAB AR    23035579032.68    52871143986.13
NOKIA CORP-CED $    NOKAD AR    23035579032.68    52871143986.13
NOKIA CORP-ADR P    NOK-P US    23035579032.68    52871143986.13
NOKIA CORP-ADR      NOK US      23035579032.68    52871143986.13
NOKIA OYJ           NOK FP      23035579032.68    52871143986.13
NOKIA OYJ-OLD       NOKIA SS    23035579032.68    52871143986.13
NOKIA OYJ           NOKA NA     23035579032.68    52871143986.13
NOKIA CORP-ADR A    NOK/A US    23035579032.68    52871143986.13
NOKIA AB-CTFS       NOAD GR     23035579032.68    52871143986.13
NOKIA OYJ           NOK LN      23035579032.68    52871143986.13
NOKIA OYJ           NOK1VUSD    23035579032.68    52871143986.13
NOKIA OYJ           NOK1VSEK    23035579032.68    52871143986.13
OKIA OYJ  -NEW      799268Q F   23035579032.68    52871143986.13
NOKIA OYJ           NOK1V EU    23035579032.68    52871143986.13
NOKIA OYJ           NOK1V NQ    23035579032.68    52871143986.13
NOKIA OYJ           NOK1V NR    23035579032.68    52871143986.13
NOKIA CORP -IDR     QUNNOK AU   23035579032.68    52871143986.13
NOKIA OYJ           NOK1V EO    23035579032.68    52871143986.13


FRANCE
------
UNIBAIL-RODAMCO     ULA NA      19742370933.81    34775490576.15
CHRISTIAN DIOR      CDIGBX EU   21298493127.05    49654162419.07
SCHNEIDER ELECTR    SCH LN      15418908388.47    34611968873.87
SCHNEIDER ELECTR    SU PZ       15418908388.47    34611968873.87
AXA                 AXAF IX     56504837642.89   939720458559.75
SOC GENERALE        SGN LN      57047591621.42  1576636831738.03
PEUGEOT SA          UGAUD EO    18524734892.45    86114832918.92
LAFARGE-PRIM 08     LGP8 FP     20419484682.42    54080249720.75
LAFARGE-PRIM 07     LGP7 FP     20419484682.42    54080249720.75
SAINT GOBAIN        SGO PZ       20272983513.1    60546874898.09
UNIBAIL-RODAMCO     UL FP       19742370933.81    34775490576.15
LVMH MOET HENNES    MCUSD EO    19375837263.88    44057811750.52
CARREFOUR SA+       CA ES       15280778183.87    72667414592.96
SCHNEIDER EL-NEW    SLETF US    15418908388.47    34611968873.87
SCHNEIDER EL-NEW    881617Q F   15418908388.47    34611968873.87
SCHNEIDER ELECT+    SU ES       15418908388.47    34611968873.87
CREDIT AGRICOLE     ACAGBP EO   66045560025.41  2306655408812.63
SAINT GOBAIN        SGO EO       20272983513.1    60546874898.09
GDF SUEZ            GSZ NQ      87647238093.16   233296966426.95
TOTAL SA-NEW        521519Q F   69692740346.55   162306892493.72
PEUGEOT SA          UG NQ       18524734892.45    86114832918.92
AXA SA              1007Q NA    56504837642.89   939720458559.75
SCHNEIDER ELECTR    SU EB       15418908388.47    34611968873.87
SCHNEIDER ELECTR    SUGBP EO    15418908388.47    34611968873.87
AXA                 AXA GR      56504837642.89   939720458559.75
SCHNEIDER ELECTR    SNDG IX     15418908388.47    34611968873.87
UNIBAIL-RODAMCO     UL EU       19742370933.81    34775490576.15
SCHNEIDER ELECTR    SUGBX EO    15418908388.47    34611968873.87
LAFARGE SA+         LG ES       20419484682.42    54080249720.75
LAFARGE SA - NEW    LGNV FP     20419484682.42    54080249720.75
LAFARGE SA - NEW    3149156Q    20419484682.42    54080249720.75
SCHNEIDER ELECTR    SUNOK EO    15418908388.47    34611968873.87
AGF-ASSUR GEN FR    ASG LI      14551423495.64   153403893509.64
LAFARGE SA-RTS      XLG FP      20419484682.42    54080249720.75
LAFARGE SA-RTS      CIL1 GR     20419484682.42    54080249720.75
SCHNEIDER ELECTR    SCHN IX     15418908388.47    34611968873.87
LAFARGE SA          LFGZ LI     20419484682.42    54080249720.75
LAFARGE SA          LG VX       20419484682.42    54080249720.75
LAFARGE SA          LG EB       20419484682.42    54080249720.75
AXA                 CSUSD EU    56504837642.89   939720458559.75
LAFARGE SA - NEW    2333692Q    20419484682.42    54080249720.75
UNIBAIL-RODAMCO     UL BQ       19742370933.81    34775490576.15
TOTAL SA            FP BQ       69692740346.55   162306892493.72
AGF-ASSUR GEN FR    AGF GR      14551423495.64   153403893509.64
SCHNEIDER ELECTR    SU VX       15418908388.47    34611968873.87
LAFARGE-NEW         518674Q F   20419484682.42    54080249720.75
LVMH-RTS            XMC FP      19375837263.88    44057811750.52
LAFARGE-NEW         LGNN FP     20419484682.42    54080249720.75
SCHNEIDER ELECTR    SU FP       15418908388.47    34611968873.87
LAFARGE-PRIM 05     LGP5 FP     20419484682.42    54080249720.75
LAFARGE-PRIM 04     LGP4 FP     20419484682.42    54080249720.75
LAFARGE-PRIM 03     LGP3 FP     20419484682.42    54080249720.75
PEUGEOT SA          PEUG IX     18524734892.45    86114832918.92
LAFARGE-ADR         LFRGY US    20419484682.42    54080249720.75
UNIBAIL-RODAMCO     UL TQ       19742370933.81    34775490576.15
LAFARGE-2011        3259285Z    20419484682.42    54080249720.75
CNP ASSURANCES      CNP VX      17459179731.69   426318294872.94
LAFARGE-CEDEAR      LR AR       20419484682.42    54080249720.75
SUEZ-STRIP VVPR     SULI IX     36254901285.74   145937566775.07
LAFARGE-CED BLOC    LRB AR      20419484682.42    54080249720.75
RENAULT SA          RNOUSD EO   27090176306.79    89060206645.72
SAINT GOBAIN        SGONOK EU    20272983513.1    60546874898.09
SAINT GOBAIN        SGOB IX      20272983513.1    60546874898.09
L'OREAL             LORG IX     16503854852.25    32030617098.96
SAINT GOBAIN        SGOUSD EU    20272983513.1    60546874898.09
PEUGEOT SA          UGUSD EO    18524734892.45    86114832918.92
UNIBAIL-RODAMCO     ULAUD EO    19742370933.81    34775490576.15
SAINT GOBAIN        SGOAUD EU    20272983513.1    60546874898.09
VIVENDI(EX-GEN)N    EXNN FP      37149929933.9    73664018455.03
SAINT GOBAIN        SGOAUD EO    20272983513.1    60546874898.09
SCHNEIDER EL-NEW    SCHD IX     15418908388.47    34611968873.87
VIVENDI SA          EXA NA       37149929933.9    73664018455.03
TOTAL SA-STRIP V    TOF IX      69692740346.55   162306892493.72
FRANCE TELECOM      FTE NA      43529010808.59   132960351654.43
SAINT GOBAIN        SGO NQ       20272983513.1    60546874898.09
CHRISTIAN DIOR      CDIUSD EU   21298493127.05    49654162419.07
SAINT GOBAIN        SGO FP       20272983513.1    60546874898.09
LVMH MOET HENNES    MC BQ       19375837263.88    44057811750.52
CNP ASSURANCES      CNP BQ      17459179731.69   426318294872.94
SUEZ-CEDEAR         SZE AR      36254901285.74   145937566775.07
LVMH MOET HENNES    MC VX       19375837263.88    44057811750.52
LVMH MOET HENNES    MC EO       19375837263.88    44057811750.52
LVMH (MOET-HENNE    MOH GR      19375837263.88    44057811750.52
LVMH (MOET-HENNE    MOHG IX     19375837263.88    44057811750.52
RENAULT-SP ADR      RNSDY US    27090176306.79    89060206645.72
LVMH                LVMH BB     19375837263.88    44057811750.52
LVMH MOET HENNES    MC NQ       19375837263.88    44057811750.52
LVMH MOET HENNES    MC TQ       19375837263.88    44057811750.52
CNP ASSURANCES      CNPUSD EU   17459179731.69   426318294872.94
CNP ASSURANCES      CNP FP      17459179731.69   426318294872.94
PEUGEOT SA          UGB BB      18524734892.45    86114832918.92
GDF SUEZ            GSZ BQ      87647238093.16   233296966426.95
PPR                 PPUSD EO    14916757660.71    37710400239.87
SAINT GOBAIN        SGOGBX EU    20272983513.1    60546874898.09
PEUGEOT SA          UG TQ       18524734892.45    86114832918.92
VIVENDI-ADR         VIVEY US     37149929933.9    73664018455.03
VIVENDI-RTS         XEX FP       37149929933.9    73664018455.03
VIVENDI-ADR         VIVDY US     37149929933.9    73664018455.03
SCHNEIDER - NEW     SUNV FP     15418908388.47    34611968873.87
SCHNEIDER - NEW     3149512Q    15418908388.47    34611968873.87
FRANCE TELECOM      FTENOK EU   43529010808.59   132960351654.43
PEUGEOT SA          UGAUD EU    18524734892.45    86114832918.92
ELF ACQUIT-NEW      EQNF FP     17068048063.83    43157333315.56
PEUGEOT SA          PEUGF US    18524734892.45    86114832918.92
LVMY-CEDEAR C/E     LVMHYC AR   19375837263.88    44057811750.52
L'OREAL             LOR GR      16503854852.25    32030617098.96
SAINT GOBAIN        SGO EU       20272983513.1    60546874898.09
SAINT GOBAIN        SGOHUF EU    20272983513.1    60546874898.09
PEUGEOT SA          UG FP       18524734892.45    86114832918.92
L'OREAL             LRLCF US    16503854852.25    32030617098.96
SAINT GOBAIN        SGOCHF EO    20272983513.1    60546874898.09
SAINT GOBAIN        SGOGBP EO    20272983513.1    60546874898.09
UNIBAIL-RODAMCO     ULAUD EU    19742370933.81    34775490576.15
CNP ASSURANC-ADR    CNPAY US    17459179731.69   426318294872.94
CHRISTIAN DIOR-N    CDIN FP     21298493127.05    49654162419.07
FRANCE TELECOM      FTE IX      43529010808.59   132960351654.43
SAINT GOBAIN        SGO BQ       20272983513.1    60546874898.09
LAFARGE SA          LGGBP EO    20419484682.42    54080249720.75
LAFARGE-RTS         CIL6 GR     20419484682.42    54080249720.75
SAINT-GOBAIN-NEW    SGONV FP     20272983513.1    60546874898.09
PEUGOT CITR-NEW     PEUG FP     18524734892.45    86114832918.92
VIVENDI             VIV NQ       37149929933.9    73664018455.03
PINAULT-PRINTE-N    PPNN FP     14916757660.71    37710400239.87
L'OREAL             ORNOK EU    16503854852.25    32030617098.96
AXA                 AXAU IX     56504837642.89   939720458559.75
PEUGEOT SA+         UG ES       18524734892.45    86114832918.92
PEUGEOT SA-ADR      PEUGY US    18524734892.45    86114832918.92
FRANCE TELECOM      FTECHF EU   43529010808.59   132960351654.43
AXA -ADR            AXAA GR     56504837642.89   939720458559.75
CREDIT AGRICOLE     ACA EU      66045560025.41  2306655408812.63
ELF AQUITAINE       AQU SW      17068048063.83    43157333315.56
AXA - NEW           CSNV FP     56504837642.89   939720458559.75
UNIBAIL-RODAMCO     UL NQ       19742370933.81    34775490576.15
AXA - RTS           AXAE GR     56504837642.89   939720458559.75
AXA - RTS           CSDS FP     56504837642.89   939720458559.75
LAFARGE SA          CILG IX     20419484682.42    54080249720.75
L'OREAL             LOR NA      16503854852.25    32030617098.96
SUEZ SA             SUE LN      36254901285.74   145937566775.07
LAFARGE SA          LGAUD EO    20419484682.42    54080249720.75
AXA                 CS FP       56504837642.89   939720458559.75
L'OREAL             OR IM       16503854852.25    32030617098.96
L'OREAL             ORGBX EU    16503854852.25    32030617098.96
AXA                 CSDKK EO    56504837642.89   939720458559.75
PEUGEOT SA          PEU LN      18524734892.45    86114832918.92
UNIBAIL-RODAMCO     ULNOK EO    19742370933.81    34775490576.15
UNIBAIL-RODAMCO     UL EO       19742370933.81    34775490576.15
AXA                 CSAUD EO    56504837642.89   939720458559.75
PEUGEOT SA          UGGBX EO    18524734892.45    86114832918.92
AXA                 AXA LN      56504837642.89   939720458559.75
SCHNEIDER EL-NEW    2522452Q    15418908388.47    34611968873.87
VIVENDI             VIVNOK EU    37149929933.9    73664018455.03
CREDIT AGRI-ADR     CRARY US    66045560025.41  2306655408812.63
AXA-NEW             880499Q F   56504837642.89   939720458559.75
CNP ASSURANCES      CNP EU      17459179731.69   426318294872.94
AGF                 AFF LN      14551423495.64   153403893509.64
ST GOBAIN-SDR       SAGO SS      20272983513.1    60546874898.09
RENAULT SA          RNOCHF EU   27090176306.79    89060206645.72
AGF                 AGF VX      14551423495.64   153403893509.64
BNP PARIBAS-RTS     BNPDS FP    82275104693.21  2895912620915.34
RENAULT SA          RNT LN      27090176306.79    89060206645.72
AXA - NEW           3156131Q    56504837642.89   939720458559.75
LVMH                LVM LI      19375837263.88    44057811750.52
AGF                 AGFP IX     14551423495.64   153403893509.64
CHRISTIAN DIOR      DIO GR      21298493127.05    49654162419.07
BANQ NAT PAR-CDI    1020Q LI    82275104693.21  2895912620915.34
AXA SA+             CS ES       56504837642.89   939720458559.75
TOTAL SA            TTA LN      69692740346.55   162306892493.72
GDF SUEZ            GSZ TQ      87647238093.16   233296966426.95
PEUGEOT CITROEN     PEU LI      18524734892.45    86114832918.92
CHRISTIAN DIOR      CDI TQ      21298493127.05    49654162419.07
FRANCE TEL-CVR      WFA-W US    43529010808.59   132960351654.43
SUEZ                SUE LI      36254901285.74   145937566775.07
LAFARGE-PRIM 02     LGP2 FP     20419484682.42    54080249720.75
AXA-CVG             WCS FP      56504837642.89   939720458559.75
GDF SUEZ            GZF GR      87647238093.16   233296966426.95
VIVENDI             VIVCHF EU    37149929933.9    73664018455.03
CHRISTIAN DIOR      CDIUSD EO   21298493127.05    49654162419.07
AXA-CEDEAR          AXA AR      56504837642.89   939720458559.75
AXA-CEDEAR $US      AXAD AR     56504837642.89   939720458559.75
LAFARGE-NEW         ZLG FP      20419484682.42    54080249720.75
LAFARGE SA          LGGBX EU    20419484682.42    54080249720.75
CHRISTIAN DIOR      CDIF PZ     21298493127.05    49654162419.07
AXA                 CS EB       56504837642.89   939720458559.75
AXA                 CS TQ       56504837642.89   939720458559.75
LAFARGE SA          LGCHF EU    20419484682.42    54080249720.75
UNIBAIL PROMESSE    ULPRO FP    19742370933.81    34775490576.15
PEUGEOT SA          PEU GR      18524734892.45    86114832918.92
LAFARGE - NEW       878545Q F   20419484682.42    54080249720.75
LAFARGE - NEW       674454Q F   20419484682.42    54080249720.75
SCHNEIDER SA-NEW    SUNN FP     15418908388.47    34611968873.87
L'OREAL             OR EU       16503854852.25    32030617098.96
LAFARGE -RT         LFRGF US    20419484682.42    54080249720.75
LAFARGE -OLD RTS    2009Q FP    20419484682.42    54080249720.75
SCHNEIDER ELECTR    SBGSF US    15418908388.47    34611968873.87
LAFARGE - NEW       LFGJF US    20419484682.42    54080249720.75
LAFARGE SA          CIL GR      20419484682.42    54080249720.75
LVMH-ADR            LVMHY US    19375837263.88    44057811750.52
LAFARGE SA          LG EO       20419484682.42    54080249720.75
SCHNEIDER ELECTR    SUAUD EO    15418908388.47    34611968873.87
LAFARGE SA          LG TQ       20419484682.42    54080249720.75
LAFARGE SA          LGUSD EU    20419484682.42    54080249720.75
SCHNEIDER ELECTR    SND GR      15418908388.47    34611968873.87
LAFARGE SA          LG FP       20419484682.42    54080249720.75
UNIBAIL-NEW         ULNP FP     19742370933.81    34775490576.15
LAFARGE SA          LGNOK EO    20419484682.42    54080249720.75
SCHNEIDER ELECTR    SU TQ       15418908388.47    34611968873.87
FRANCE TELECOM      FTEZAR EU   43529010808.59   132960351654.43
LAFARGE SA          LFG SM      20419484682.42    54080249720.75
VIVENDI             VIVGBX EU    37149929933.9    73664018455.03
LAFARGE SA          LAFP IX     20419484682.42    54080249720.75
CHRISTIAN DIOR      CDIGBP EO   21298493127.05    49654162419.07
PEUGEOT SA          UGGBX EU    18524734892.45    86114832918.92
L'OREAL             ORUSD EU    16503854852.25    32030617098.96
L'OREAL-ADR         LRLCY US    16503854852.25    32030617098.96
CHRISTIAN DIOR      CHDRF US    21298493127.05    49654162419.07
RENAULT ARG SA-N    RENA AR     27090176306.79    89060206645.72
FRANCE TELECOM      FTE SW      43529010808.59   132960351654.43
PEUGEOT SA          UG PZ       18524734892.45    86114832918.92
L'OREAL             ORCHF EU    16503854852.25    32030617098.96
L'OREAL             LOL LN      16503854852.25    32030617098.96
L'OREAL             OR VX       16503854852.25    32030617098.96
L'OREAL             OR FP       16503854852.25    32030617098.96
CHRISTIAN DIOR      CDIGBX EO   21298493127.05    49654162419.07
L'OREAL             OR EB       16503854852.25    32030617098.96
L'OREAL             ORCHF EO    16503854852.25    32030617098.96
TOTAL SA            FPUSD EO    69692740346.55   162306892493.72
SCHNEIDER SA-NEW    558127Q F   15418908388.47    34611968873.87
L'OREAL+            OR ES       16503854852.25    32030617098.96
L'OREAL-CDV         ZROV FP     16503854852.25    32030617098.96
L'OREAL-CDI REG     ZRO FP      16503854852.25    32030617098.96
L'OREAL-ADR         LORLYN MM   16503854852.25    32030617098.96
SCHNEIDER SA-NEW    676591Q F   15418908388.47    34611968873.87
LVMH MOET HENNES    LVMH IM     19375837263.88    44057811750.52
L'OREAL             ORA NA      16503854852.25    32030617098.96
L'OREAL             ORGBX EO    16503854852.25    32030617098.96
L'OREAL             LOL LI      16503854852.25    32030617098.96
PEUGEOT SA          UG VX       18524734892.45    86114832918.92
L'OREAL             ORAUD EU    16503854852.25    32030617098.96
L'OREAL             ORUSD EO    16503854852.25    32030617098.96
L'OREAL             OR TQ       16503854852.25    32030617098.96
ORANGE SA           OGE LN      22438047807.89    34728152019.08
L'OREAL             OR EO       16503854852.25    32030617098.96
TOTAL SA            FP EB       69692740346.55   162306892493.72
COMPAGNIE DE-ADR    CODYY US     20272983513.1    60546874898.09
ORANGE SA           OAG GR      22438047807.89    34728152019.08
FRANCE TELECOM      FTEAUD EO   43529010808.59   132960351654.43
VIVENDI SA          EAUG SW      37149929933.9    73664018455.03
PPR                 PPTOF US    14916757660.71    37710400239.87
ELF AQUITAINE       AQ FP       17068048063.83    43157333315.56
FRANCE TELECOM      FTE BQ      43529010808.59   132960351654.43
ORANGE-ASSD         OGEA LN     22438047807.89    34728152019.08
FRANCE TELECOM      FTE GR      43529010808.59   132960351654.43
FRANCE TELECOM      3121486Q    43529010808.59   132960351654.43
SAINT GOBAIN        SGO TQ       20272983513.1    60546874898.09
LVMH MOET HENNES    MCGBP EO    19375837263.88    44057811750.52
VIVENDI SA          VIVA NA      37149929933.9    73664018455.03
COMPAGNIE DE SAI    3149244Q     20272983513.1    60546874898.09
VIVENDI             VIVAUD EU    37149929933.9    73664018455.03
CREDIT AGRICOLE     CAGR IX     66045560025.41  2306655408812.63
BNP PARIBAS         BNP NA      82275104693.21  2895912620915.34
COMPAGNIE DE-NEW    2334028Q     20272983513.1    60546874898.09
ST GOBAIN           SGOB BB      20272983513.1    60546874898.09
CARREFOUR SA        CARR IX     15280778183.87    72667414592.96
SUEZ SA - NEW       SZENV FP    36254901285.74   145937566775.07
ORANGE SA           OGE VX      22438047807.89    34728152019.08
FRANCE TELECOM      FTEF PZ     43529010808.59   132960351654.43
CREDIT AGRICOLE     ACAAUD EO   66045560025.41  2306655408812.63
PPR                 PRTP IX     14916757660.71    37710400239.87
VIVENDI             VIVNOK EO    37149929933.9    73664018455.03
VIVENDI             VIVAUD EO    37149929933.9    73664018455.03
SOC GENERALE        GLE BQ      57047591621.42  1576636831738.03
UNIBAIL-RODAMCO     UL PZ       19742370933.81    34775490576.15
FRANCE TELECOM      FTEGBX EU   43529010808.59   132960351654.43
SCHNEIDER ELECTR    SUCHF EO    15418908388.47    34611968873.87
UNIBAIL-RODAMCO     ULGBX EO    19742370933.81    34775490576.15
UNIBAIL-RODAMCO     UL VX       19742370933.81    34775490576.15
LAFARGE SA          LGCHF EO    20419484682.42    54080249720.75
VIVENDI             VIVGBX EO    37149929933.9    73664018455.03
SUEZ SA             SZE IM      36254901285.74   145937566775.07
CNP ASSURANCES      CNPUSD EO   17459179731.69   426318294872.94
AXA                 CSNOK EU    56504837642.89   939720458559.75
FRANCE TELECOM      FTEGBP EO   43529010808.59   132960351654.43
AXA                 CSCHF EO    56504837642.89   939720458559.75
EDF                 EDFCHF EU   34660803073.22    279451839854.4
UNIBAIL - NEW       757073Q F   19742370933.81    34775490576.15
L'OREAL             ORGBP EO    16503854852.25    32030617098.96
VIVENDI SA          VIVEF US     37149929933.9    73664018455.03
VIVENDI SA-ADR      VN MM        37149929933.9    73664018455.03
VIVENDI SA          VVDUF US     37149929933.9    73664018455.03
GDF SUEZ            GAZ IX      87647238093.16   233296966426.95
BNP PARIBAS         BNPGBP EO   82275104693.21  2895912620915.34
ORANGE SA           ORGEF US    22438047807.89    34728152019.08
ST GOBAIN (CIE)     GOBG IX      20272983513.1    60546874898.09
VIVENDI             VIVZAR EO    37149929933.9    73664018455.03
SAINT GOBAIN        SGOUSD EO    20272983513.1    60546874898.09
BNP PARIBAS         BNPGBX EU   82275104693.21  2895912620915.34
LAFARGE SA          LGAUD EU    20419484682.42    54080249720.75
SUEZ SA             LYOZ IX     36254901285.74   145937566775.07
SUEZ SA             LYOE IX     36254901285.74   145937566775.07
PEUGEOT SA          PEUP IX     18524734892.45    86114832918.92
FRANCE TELECOM S    FTNV8 FP    43529010808.59   132960351654.43
CREDIT AGRICOLE     ACAAUD EU   66045560025.41  2306655408812.63
RENAULT SA          RNONOK EO   27090176306.79    89060206645.72
TOTAL FINA ELF      TOTF NA     69692740346.55   162306892493.72
NATEXIS-NEW         ZKN FP      22725833335.88   775424221299.61
CREDIT AGRICOLE     ACA TQ      66045560025.41  2306655408812.63
CREDIT AGRICOLE     ACA EO      66045560025.41  2306655408812.63
SUEZ SA             LYO GR      36254901285.74   145937566775.07
VIVENDI SA          VIV VX       37149929933.9    73664018455.03
PPR                 PPNOK EO    14916757660.71    37710400239.87
VIVENDI SA          EX VX        37149929933.9    73664018455.03
L'OREAL             ORAUD EO    16503854852.25    32030617098.96
CNP ASSURANCES      CNPCHF EO   17459179731.69   426318294872.94
CREDIT AGRICOLE     ACACHF EU   66045560025.41  2306655408812.63
CREDIT AGRICOLE     CRARF US    66045560025.41  2306655408812.63
VIVENDI SA          VVU GR       37149929933.9    73664018455.03
EDF                 EDFGBX EO   34660803073.22    279451839854.4
SUEZ-STRIP VVPR     3058389Q    36254901285.74   145937566775.07
BANQ NAT PAR-ADR    132433W U   82275104693.21  2895912620915.34
VIVENDI             VIV EB       37149929933.9    73664018455.03
SAINT GOBAIN        SGO EB       20272983513.1    60546874898.09
RENAULT SA          RNO VX      27090176306.79    89060206645.72
CREDIT AGRICOLE     CAS NZ      66045560025.41  2306655408812.63
SOC GENERALE        GLEGBP EO   57047591621.42  1576636831738.03
CREDIT MUTUAL GP    CMUT FP     39176041549.54   806885891299.45
VIVENDI SA          VVDIF US     37149929933.9    73664018455.03
CREDIT AGRICOLE     ACAUSD EU   66045560025.41  2306655408812.63
CREDIT AGRICOLE     CAGR VX     66045560025.41  2306655408812.63
BANQ NAT PARIS      BNP LI      82275104693.21  2895912620915.34
CREDIT AGRICOLE     ACA IM      66045560025.41  2306655408812.63
VIVENDI             VIV FP       37149929933.9    73664018455.03
TOTAL FINA ELF      TOT BB      69692740346.55   162306892493.72
AXA S.A.            AXA LI      56504837642.89   939720458559.75
UNIBAIL-NEW         ULNN FP     19742370933.81    34775490576.15
CNP ASSURANC-RTS    CNPDS FP    17459179731.69   426318294872.94
VIVENDI             GDE LI       37149929933.9    73664018455.03
AXA-UAP             CDM LI      56504837642.89   939720458559.75
CRCAM CREDIT-OPT    CNCAO FP    24987018575.22   503146260983.74
ORANGE SA           OGE FP      22438047807.89    34728152019.08
CARREFOUR           CAA NA      15280778183.87    72667414592.96
UNIBAIL-RODAMCO     ULA IX      19742370933.81    34775490576.15
AGF-ADR             1371Q US    14551423495.64   153403893509.64
SOCIETE GENER-RT    SGLPF US    57047591621.42  1576636831738.03
ST GOBAIN           CODGF US     20272983513.1    60546874898.09
EDF                 EDF BQ      34660803073.22    279451839854.4
CREDIT AGRICOLE     ACACHF EO   66045560025.41  2306655408812.63
VIVENDI - NEW       VIVNV FP     37149929933.9    73664018455.03
VIVENDI (EX-GEN     261611Q G    37149929933.9    73664018455.03
CREDIT AGRICOLE     ACAUSD EO   66045560025.41  2306655408812.63
CREDIT AGRICOLE     CADS IX     66045560025.41  2306655408812.63
LAFARGE - RTS       LGDS FP     20419484682.42    54080249720.75
CARREFOUR SA        CAUSD EU    15280778183.87    72667414592.96
CREDIT AGRI-RTS     2844154Q    66045560025.41  2306655408812.63
CREDIT AGRICOLE     ACA PZ      66045560025.41  2306655408812.63
SUEZ SA             SZE BQ      36254901285.74   145937566775.07
LVMH MOET HENNES    LVM LN      19375837263.88    44057811750.52
CREDIT AGRICOLE     CDA LN      66045560025.41  2306655408812.63
CARREFOUR SA-NEW    CAEN FP     15280778183.87    72667414592.96
SOC GENERALE        GLE1 PZ     57047591621.42  1576636831738.03
UNIBAIL-RODAMCO     2882849Q    19742370933.81    34775490576.15
UNIBAIL-RODAMCO     UL EB       19742370933.81    34775490576.15
AXA                 CSDKK EU    56504837642.89   939720458559.75
TOTAL SA-SP ADR     TOT US      69692740346.55   162306892493.72
SCHNEIDER SA        SCH LI      15418908388.47    34611968873.87
PEUGEOT SA          UG EO       18524734892.45    86114832918.92
PEUGEOT SA          UGCHF EO    18524734892.45    86114832918.92
PEUGEOT SA          UGUSD EU    18524734892.45    86114832918.92
PEUGEOT SA          UG BQ       18524734892.45    86114832918.92
LAFARGE-CED C/E$    LRC AR      20419484682.42    54080249720.75
LAFARGE-CEDEAR $    LRD AR      20419484682.42    54080249720.75
BNP PARIBAS-ADR     BNPQY US    82275104693.21  2895912620915.34
CREDIT AGRICOLE     XCA GR      66045560025.41  2306655408812.63
PEUGEOT SA          UGGBP EO    18524734892.45    86114832918.92
CNP ASSURANCES      XNP GR      17459179731.69   426318294872.94
CNP ASSURANCES      CNP NQ      17459179731.69   426318294872.94
VIVENDI UNIVERSA    VIV LI       37149929933.9    73664018455.03
CNP ASSURANCES      CNPGBX EU   17459179731.69   426318294872.94
CNP ASSURANCES      CNPGBX EO   17459179731.69   426318294872.94
AXA                 AXA IM      56504837642.89   939720458559.75
SOC GENERALE-NEW    518698Q F   57047591621.42  1576636831738.03
PPR                 PP FP       14916757660.71    37710400239.87
SCHNEIDER ELECTR    SU EU       15418908388.47    34611968873.87
CNP ASSURANCES      CNPF PZ     17459179731.69   426318294872.94
CNP ASSURANCES      CNPGBP EO   17459179731.69   426318294872.94
RENAULT SA          RNO EO      27090176306.79    89060206645.72
CREDIT AGRICOLE     234491Q F   66045560025.41  2306655408812.63
LAFARGE-ADR         LR US       20419484682.42    54080249720.75
CNP ASSURANCES      CNPP IX     17459179731.69   426318294872.94
UNIBAIL-RODAMCO     ULCHF EU    19742370933.81    34775490576.15
LAFARGE SA - NEW    LFREF US    20419484682.42    54080249720.75
LVMH MOET HENNES    MCCHF EU    19375837263.88    44057811750.52
LVMH MOET HENNES    MC FP       19375837263.88    44057811750.52
LVMH MOET HENNES    MCNOK EU    19375837263.88    44057811750.52
VIVENDI             VIV TQ       37149929933.9    73664018455.03
LVMH MOET HENNES    MCGBX EU    19375837263.88    44057811750.52
LVMH MOET HENNES    MCAUD EO    19375837263.88    44057811750.52
ST GOBAIN-NEW       683605Q F    20272983513.1    60546874898.09
CNP ASSURANCES      CNPCHF EU   17459179731.69   426318294872.94
BNP PARIBAS         BNPG IX     82275104693.21  2895912620915.34
LVMH MOET HENNES    MCNOK EO    19375837263.88    44057811750.52
LVMH MOET HENNES    LVMH IX     19375837263.88    44057811750.52
TOTAL FINA E-ADR    QUNTOT AU   69692740346.55   162306892493.72
LVMH MOET HENNES    MCNV FP     19375837263.88    44057811750.52
LVMH MOET HENNES    MCAUD EU    19375837263.88    44057811750.52
LVMH MOET HENNES    MC EU       19375837263.88    44057811750.52
ST GOBAIN           GOB SW       20272983513.1    60546874898.09
LVMH-NEW            MCNN FP     19375837263.88    44057811750.52
UNIBAIL-RODAMCO     ULNOK EU    19742370933.81    34775490576.15
LYON DE EAUX $US    LDE/U CN    36254901285.74   145937566775.07
CNP ASSURANCES      CNP EO      17459179731.69   426318294872.94
SAINT GOBAIN        SGOCHF EU    20272983513.1    60546874898.09
LVMH-RTS            MOH8 GR     19375837263.88    44057811750.52
LVMH+               MC ES       19375837263.88    44057811750.52
LVMH MOET-NEW       MCNC FP     19375837263.88    44057811750.52
LVMH MOET-ADR       LVMUY US    19375837263.88    44057811750.52
AXA                 CS EO       56504837642.89   939720458559.75
LVMH-CEDEAR $US     LVMHYD AR   19375837263.88    44057811750.52
LVMH-CEDEAR         LVMHY AR    19375837263.88    44057811750.52
LVMH-ADR            LVM GR      19375837263.88    44057811750.52
NATIXIS             CNAT IX     22725833335.88   775424221299.61
NATIXIS             KN BQ       22725833335.88   775424221299.61
NATIXIS             KNUSD EU    22725833335.88   775424221299.61
GROUPE CAISSE       226578Z F   32695311500.44   877104885498.47
AXA                 CS EU       56504837642.89   939720458559.75
NATIXIS-UNSP ADR    NTXFY US    22725833335.88   775424221299.61
NATIXIS - RTS       KNDS FP     22725833335.88   775424221299.61
AXA-RTS             CSBS FP     56504837642.89   939720458559.75
NATIXIS             KN VX       22725833335.88   775424221299.61
NATIXIS             KNGBX EU    22725833335.88   775424221299.61
VIVENDI             VIVCHF EO    37149929933.9    73664018455.03
VIVENDI             VIV IM       37149929933.9    73664018455.03
NATIXIS             NTXFF US    22725833335.88   775424221299.61
NATIXIS             KN FP       22725833335.88   775424221299.61
FRANCE TELECOM      FTE EB      43529010808.59   132960351654.43
NATIXIS             KN PZ       22725833335.88   775424221299.61
UNIBAIL-RODAMCO     ULJPY EU    19742370933.81    34775490576.15
PEUGEOT SA          UG EB       18524734892.45    86114832918.92
AXA                 CSA NA      56504837642.89   939720458559.75
CREDIT AGRIC-RTS    877844Q F   66045560025.41  2306655408812.63
UNIBAIL-RODAMCO     ULA LI      19742370933.81    34775490576.15
VIVENDI SA-ADR      VVUA GR      37149929933.9    73664018455.03
AXA                 CSCHF EU    56504837642.89   939720458559.75
AXA                 AXAHF US    56504837642.89   939720458559.75
AXA                 CS VX       56504837642.89   939720458559.75
ORANGE SA+          OGE ES      22438047807.89    34728152019.08
AXA                 CS PZ       56504837642.89   939720458559.75
UNIBAIL-RODAMCO     UNBP IX     19742370933.81    34775490576.15
RENAULT SA          RNO IM      27090176306.79    89060206645.72
TOTAL SA            FPAUD EU    69692740346.55   162306892493.72
PPR                 PPGBP EO    14916757660.71    37710400239.87
VIVENDI             VIVUSD EU    37149929933.9    73664018455.03
EDF                 EDFGBX EU   34660803073.22    279451839854.4
VIVENDI             VIVGBP EO    37149929933.9    73664018455.03
L'OREAL             OREP IX     16503854852.25    32030617098.96
SCHNEIDER ELECTR    SUUSD EU    15418908388.47    34611968873.87
VIVENDI             VIVZAR EU    37149929933.9    73664018455.03
UNIBAIL-RODAMCO     ULNV FP     19742370933.81    34775490576.15
VIVENDI             EAUG IX      37149929933.9    73664018455.03
AXA                 AXA SW      56504837642.89   939720458559.75
VIVENDI UNIVERS+    EX ES        37149929933.9    73664018455.03
UNIBAIL-NEW         324627Q F   19742370933.81    34775490576.15
GDF SUEZ            GSZ LX      87647238093.16   233296966426.95
UNIBAIL-RODAMCO     ULGBP EO    19742370933.81    34775490576.15
SUEZ-ADR            SZEZY US    36254901285.74   145937566775.07
AXA                 AXAA IX     56504837642.89   939720458559.75
CREDIT AGRICOLE     ACA EB      66045560025.41  2306655408812.63
NATEXIS BANQUES     CNAT VX     22725833335.88   775424221299.61
NATEXIS BANQUES     NTXSF US    22725833335.88   775424221299.61
AXA                 CSGBP EO    56504837642.89   939720458559.75
NATIXIS             NBP GR      22725833335.88   775424221299.61
NATIXIS             KN EB       22725833335.88   775424221299.61
NATIXIS             KN EU       22725833335.88   775424221299.61
LAFARGE SA          LGGBX EO    20419484682.42    54080249720.75
UNIBAIL-RODAMCO     ULUSD EU    19742370933.81    34775490576.15
UNIBAIL-RODAMCO     ULGBX EU    19742370933.81    34775490576.15
PEUGEOT CITROEN     PSAT BB     18524734892.45    86114832918.92
NATIXIS             KN EO       22725833335.88   775424221299.61
BNP PARIBAS         BNP LN      82275104693.21  2895912620915.34
NATIXIS             KNGBP EO    22725833335.88   775424221299.61
VIVENDI UNIV-ADR    QUNVIV AU    37149929933.9    73664018455.03
PPR                 PPGBX EO    14916757660.71    37710400239.87
AGF                 AGF FP      14551423495.64   153403893509.64
VIVENDI UNIVERSA    EX NA        37149929933.9    73664018455.03
FRANCE TEL - RTS    FTEBS FP    43529010808.59   132960351654.43
EDF                 EDFCHF EO   34660803073.22    279451839854.4
AXA                 CSGBX EO    56504837642.89   939720458559.75
LAFARGE SA          LFGEF US    20419484682.42    54080249720.75
LAFARGE SA          LG EU       20419484682.42    54080249720.75
PPR                 PP TQ       14916757660.71    37710400239.87
LVMH-RTS            LVMHA74 B   19375837263.88    44057811750.52
PPR                 PP BQ       14916757660.71    37710400239.87
BANQUE NAT PARIS    BNDPF US    82275104693.21  2895912620915.34
RENAULT-UNS ADR     RNTSY US    27090176306.79    89060206645.72
PPR                 PPAUD EO    14916757660.71    37710400239.87
PPR                 PPAUD EU    14916757660.71    37710400239.87
TOTAL FINA ELF      TOTXF US    69692740346.55   162306892493.72
VIVENDI             VIV EU       37149929933.9    73664018455.03
CARREFOUR SA        CRERFN MM   15280778183.87    72667414592.96
CNP ASSURANCES      CNP EB      17459179731.69   426318294872.94
PPR                 PP PZ       14916757660.71    37710400239.87
GDF SUEZ            GAZ VX      87647238093.16   233296966426.95
SUEZ SA             SZEUSD EO   36254901285.74   145937566775.07
FRANCE TELECOM      FTEZAR EO   43529010808.59   132960351654.43
PPR                 PPXG IX     14916757660.71    37710400239.87
AXA-CEDEAR C/E      AXAC AR     56504837642.89   939720458559.75
PPR                 PPUSD EU    14916757660.71    37710400239.87
PPR                 PP VX       14916757660.71    37710400239.87
ST GOBAIN-ADR       CODGY US     20272983513.1    60546874898.09
CARREFOUR SA        CAAUD EU    15280778183.87    72667414592.96
PPR                 PPX GR      14916757660.71    37710400239.87
L'OREAL-ADR         LRLCY MM    16503854852.25    32030617098.96
CARREFOUR SA        CANOK EO    15280778183.87    72667414592.96
FRANCE TELEC-ADR    FTE US      43529010808.59   132960351654.43
ST GOBAIN           SGOT IX      20272983513.1    60546874898.09
CARREFOUR SA        CAGBX EU    15280778183.87    72667414592.96
RENAULT SA          RNONOK EU   27090176306.79    89060206645.72
CARREFOUR SA        CA NQ       15280778183.87    72667414592.96
CARREFOUR SA        CAUSD EO    15280778183.87    72667414592.96
SUEZ SA-CED BLOC    SZEB AR     36254901285.74   145937566775.07
FRANCE TELEC-ADR    FTEN MM     43529010808.59   132960351654.43
LVMH MOET HENNES    MCCHF EO    19375837263.88    44057811750.52
PEUGEOT CITR-OLD    PSA BB      18524734892.45    86114832918.92
TOTAL SA-STRIP V    TOTS BB     69692740346.55   162306892493.72
AXA                 CSAUD EU    56504837642.89   939720458559.75
FRANCE TELECOM      FNCTF US    43529010808.59   132960351654.43
TOTAL FINA-NEW      FPNN FP     69692740346.55   162306892493.72
LAFARGE-ADR         LFGEY US    20419484682.42    54080249720.75
RENAULT SA          RNOGBX EO   27090176306.79    89060206645.72
CHRISTIAN DIOR      CDIO VX     21298493127.05    49654162419.07
PPR                 PPCHF EU    14916757660.71    37710400239.87
PPR                 PPCHF EO    14916757660.71    37710400239.87
FRANCE TEL-NEW      FTNV6 FP    43529010808.59   132960351654.43
PPR                 PPNOK EU    14916757660.71    37710400239.87
FRANCE TEL-NEW      FTENV FP    43529010808.59   132960351654.43
CHRISTIAN DIOR      CDI FP      21298493127.05    49654162419.07
FRANCE TEL-NEW      FTNV7 FP    43529010808.59   132960351654.43
PPR - NEW           PPNV FP     14916757660.71    37710400239.87
ELF AQUITAIN-NEW    2524018Q    17068048063.83    43157333315.56
SOCIETE GENER-RT    SOGR IX     57047591621.42  1576636831738.03
PPR-UNSPON ADR      PPRUY US    14916757660.71    37710400239.87
CREDIT AGRICOLE     ACADS FP    66045560025.41  2306655408812.63
PPR - NEW           2341883Q    14916757660.71    37710400239.87
FRANCE TELEC-ADR    FTEA GR     43529010808.59   132960351654.43
FRANCE TELECOM      FTENOK EO   43529010808.59   132960351654.43
AGF                 AGFA LN     14551423495.64   153403893509.64
CARREFOUR SA        CANOK EU    15280778183.87    72667414592.96
SUEZ SA             SULY IX     36254901285.74   145937566775.07
SUEZ SA             SZEGBX EU   36254901285.74   145937566775.07
TOTAL SA-$US        TOTD AR     69692740346.55   162306892493.72
SUEZ SA             LYO SW      36254901285.74   145937566775.07
SUEZ SA             LYO LX      36254901285.74   145937566775.07
SUEZ SA - NEW       2335833Q    36254901285.74   145937566775.07
SUEZ SA - RTS       SZEDS FP    36254901285.74   145937566775.07
CREDIT AGRICOLE     ACA NQ      66045560025.41  2306655408812.63
CARREFOUR SA        CACHF EO    15280778183.87    72667414592.96
PPR                 PP EB       14916757660.71    37710400239.87
SUEZ SA             SZE NQ      36254901285.74   145937566775.07
SUEZ SA             SZE VX      36254901285.74   145937566775.07
SUEZ SA - NEW       675390Q F   36254901285.74   145937566775.07
SUEZ LYONNAISE-N    LYNN FP     36254901285.74   145937566775.07
SUEZ SA             SZE PZ      36254901285.74   145937566775.07
SUEZ SA             SZE EO      36254901285.74   145937566775.07
SUEZ SA             SZEGBP EO   36254901285.74   145937566775.07
SUEZ                SLEDF US    36254901285.74   145937566775.07
SUEZ                LY BB       36254901285.74   145937566775.07
ELF AQUITAIN-ADR    ELF US      17068048063.83    43157333315.56
SUEZ LYONNAISE      LY FP       36254901285.74   145937566775.07
SUEZ SA             SUZAF US    36254901285.74   145937566775.07
SUEZ SA             SZEUSD EU   36254901285.74   145937566775.07
CARREFOUR SA        CAAUD EO    15280778183.87    72667414592.96
SUEZ SA             SZEB BB     36254901285.74   145937566775.07
FR TELECO-CEDEAR    FTE AR      43529010808.59   132960351654.43
PPR                 PP EU       14916757660.71    37710400239.87
LAFARGE SA-PROVE    LFGAF US    20419484682.42    54080249720.75
SUEZ SA             LYOG IX     36254901285.74   145937566775.07
SUEZ-STRIP VVPR     LYSV BB     36254901285.74   145937566775.07
TOTAL SA            FPNOK EO    69692740346.55   162306892493.72
UNIBAIL-RODAMCO     UBL GR      19742370933.81    34775490576.15
VIVENDI-ADR         VVDIY US     37149929933.9    73664018455.03
CARREFOUR SA        CACHF EU    15280778183.87    72667414592.96
SUEZ-CEDEAR C/E$    SZEC AR     36254901285.74   145937566775.07
ELF AQUITAINE       AQ NA       17068048063.83    43157333315.56
SUEZ-STRIP VVPR     LYS BB      36254901285.74   145937566775.07
BANQUE NAT P-ADR    BNDQY US    82275104693.21  2895912620915.34
CHRISTIAN DIOR      CDI EU      21298493127.05    49654162419.07
L'OREAL             OR BQ       16503854852.25    32030617098.96
CARREFOUR SA        CA TQ       15280778183.87    72667414592.96
EDF                 EDF EO      34660803073.22    279451839854.4
SUEZNEW             518694Q F   36254901285.74   145937566775.07
PPR                 PP IM       14916757660.71    37710400239.87
BNP PARIBAS         BNPGBX EO   82275104693.21  2895912620915.34
SUEZ SA-FRACTION    SZE FP      36254901285.74   145937566775.07
SUEZ SA-FRACTION    SZE EB      36254901285.74   145937566775.07
FRANCE TEL - NEW    FTN10 FP    43529010808.59   132960351654.43
PINAULT PRIN-NEW    555737Q F   14916757660.71    37710400239.87
SUEZ SA - RTS       SZE23 BB    36254901285.74   145937566775.07
SUEZ SA+            SZE ES      36254901285.74   145937566775.07
NATIXIS             KNUSD EO    22725833335.88   775424221299.61
SUEZ SA-CEDEAR $    SZED AR     36254901285.74   145937566775.07
RENAULT SA          RNT LI      27090176306.79    89060206645.72
SUEZ-ADR            LYOA GR     36254901285.74   145937566775.07
AXA -ADR            AXAN MM     56504837642.89   939720458559.75
LVMH MOET HENNES    MCUSD EU    19375837263.88    44057811750.52
SUEZ-ADR            SZEZYN MM   36254901285.74   145937566775.07
SUEZ-ADR            SZEN MM     36254901285.74   145937566775.07
PPR                 PPRUF US    14916757660.71    37710400239.87
SCHNEIDER-CVR       SUCVR FP    15418908388.47    34611968873.87
NATIXIS             KNGBX EO    22725833335.88   775424221299.61
L'OREAL             ORNOK EO    16503854852.25    32030617098.96
TOTAL SA            FPCHF EO    69692740346.55   162306892493.72
RENAULT SA          RNO BQ      27090176306.79    89060206645.72
EDF                 EDFNOK EO   34660803073.22    279451839854.4
TOTAL SA            FPGBP EO    69692740346.55   162306892493.72
TOTAL SA            FPNOK EU    69692740346.55   162306892493.72
TOTAL SA            FPUSD EU    69692740346.55   162306892493.72
GDF SUEZ            GSZ IM      87647238093.16   233296966426.95
GAZ DE FRANC-NEW    594034Z F   87647238093.16   233296966426.95
FRANCE TELECOM-R    613240Q F   43529010808.59   132960351654.43
AXA                 CSGBX EU    56504837642.89   939720458559.75
SOCIETE GENE-RTS    SCREF US    57047591621.42  1576636831738.03
ST GOBAIN+          SGO ES       20272983513.1    60546874898.09
SCHNEIDER ELECTR    SUDS FP     15418908388.47    34611968873.87
GAZ DE FRANCE       GZFR FP     87647238093.16   233296966426.95
VIVENDI             VIV PZ       37149929933.9    73664018455.03
SCHNEIDER ELECTR    SUGBX EU    15418908388.47    34611968873.87
SCHNEIDER ELECTR    SUUSD EO    15418908388.47    34611968873.87
CARREFOUR           CFR LN      15280778183.87    72667414592.96
TOTAL SA-C/E        TOTC AR     69692740346.55   162306892493.72
CARREFOUR           CAR GR      15280778183.87    72667414592.96
TOTAL SA            TOTF SW     69692740346.55   162306892493.72
TOTAL SA            FPZAR EU    69692740346.55   162306892493.72
AGF+                AGF ES      14551423495.64   153403893509.64
TOTAL SA            FP TQ       69692740346.55   162306892493.72
TOTAL SA            FP EO       69692740346.55   162306892493.72
TOTAL SA            FPCHF EU    69692740346.55   162306892493.72
TOTAL SA            TTFNF US    69692740346.55   162306892493.72
PEUGEOT SA          UGCHF EU    18524734892.45    86114832918.92
TOTAL SA            FPGBX EU    69692740346.55   162306892493.72
VIVENDI             VIVUSD EO    37149929933.9    73664018455.03
FRANCE TELECOM      FTE IM      43529010808.59   132960351654.43
FRANCE TELECOM      FTE EO      43529010808.59   132960351654.43
CREDIT AGRICOLE     ACA FP      66045560025.41  2306655408812.63
SCHNEIDER -ADR      SBGSY US    15418908388.47    34611968873.87
TOTAL SA            FPZAR EO    69692740346.55   162306892493.72
FRANCE TELECOM      FTEUSD EU   43529010808.59   132960351654.43
LAFARGE-2010        3259277Z    20419484682.42    54080249720.75
TOTAL SA            TOTF IX     69692740346.55   162306892493.72
SOCIETE GENE NV-    SONW IX     57047591621.42  1576636831738.03
FRANCE TELECOM      FTEUSD EO   43529010808.59   132960351654.43
FRANCE TELECOM      FTE EU      43529010808.59   132960351654.43
FRANCE TELECOM      FTEG IX     43529010808.59   132960351654.43
L'OREAL             LORLF US    16503854852.25    32030617098.96
FR TELEC-CED $US    FTED AR     43529010808.59   132960351654.43
FRANCE TELECOM      FTE FP      43529010808.59   132960351654.43
SAINT GOBAIN        SGOGBX EO    20272983513.1    60546874898.09
PPR                 PP EO       14916757660.71    37710400239.87
FRANCE TELECOM S    FTNV9 FP    43529010808.59   132960351654.43
FRANCE TELECOM S    2861485Q    43529010808.59   132960351654.43
RENAULT SA          RNO NQ      27090176306.79    89060206645.72
TOTAL SA            TTA LI      69692740346.55   162306892493.72
FRANCE TELECOM-N    FRNJF US    43529010808.59   132960351654.43
FRANCE TELECOM+     FTE ES      43529010808.59   132960351654.43
TOTAL SA            FP VX       69692740346.55   162306892493.72
LVMH MOET HENNES    MCGBX EO    19375837263.88    44057811750.52
TOTAL SA            TOTD IX     69692740346.55   162306892493.72
FRANCE TELECOM      FTEA NA     43529010808.59   132960351654.43
FRANCE TELECOM      FTESEK EU   43529010808.59   132960351654.43
TOTAL SA-BLOCKS     TOTB AR     69692740346.55   162306892493.72
TOTAL SA            FPF PZ      69692740346.55   162306892493.72
FRANCE TELECOM      FTEGBX EO   43529010808.59   132960351654.43
FRANCE TELECOM      FTE NQ      43529010808.59   132960351654.43
TOTAL SA-B          TOF LI      69692740346.55   162306892493.72
CARREFOUR SA        CAGBX EO    15280778183.87    72667414592.96
TOTAL SA-B          TOF LN      69692740346.55   162306892493.72
FRANCE TELECOM      FTE VX      43529010808.59   132960351654.43
LVMH-CEDEAR BLK     LVMHYB AR   19375837263.88    44057811750.52
AXA-UAP-NEW         CSNN FP     56504837642.89   939720458559.75
BANQ NAT PARIS      BNPLX LX    82275104693.21  2895912620915.34
SUEZ SA             SZE EU      36254901285.74   145937566775.07
CARREFOUR SA        CA FP       15280778183.87    72667414592.96
TOTAL SA-ADR        TOTA GR     69692740346.55   162306892493.72
GDF SUEZ-ADR        GZFB GR     87647238093.16   233296966426.95
GDF SUEZ-ADR W/I    GDFZV US    87647238093.16   233296966426.95
LAFARGE SA          LFG LN      20419484682.42    54080249720.75
ERAP-ELF C.PETRO    AK FP       17068048063.83    43157333315.56
AGF                 ASGFF US    14551423495.64   153403893509.64
SUEZ SA-NEW         880487Q F   36254901285.74   145937566775.07
TOTAL SA-SP ADR     TOTN MM     69692740346.55   162306892493.72
SUEZ SA             SZEA NA     36254901285.74   145937566775.07
GEN DES EAUX-ADR    CGDEY US     37149929933.9    73664018455.03
ST GOBAIN           SGO VX       20272983513.1    60546874898.09
TOTAL SA-STRIP V    TOTS EO     69692740346.55   162306892493.72
SCHNEIDER ELECTR    SU EO       15418908388.47    34611968873.87
TOTAL SA-STRIP V    TOTYF US    69692740346.55   162306892493.72
TOTAL SA-CERT PE    FK FP       69692740346.55   162306892493.72
TOTAL SA            FPA NA      69692740346.55   162306892493.72
TOTAL SA-CEDEAR     TOT AR      69692740346.55   162306892493.72
CHRISTIAN DIOR      CDIO LN     21298493127.05    49654162419.07
VIVENDI             VIV BQ       37149929933.9    73664018455.03
TOTAL SA-NEW        874668Q F   69692740346.55   162306892493.72
TOTAL SA-NEW        2335869Q    69692740346.55   162306892493.72
TOTAL SA-NEW        3149076Q    69692740346.55   162306892493.72
GDF SUEZ            GSZB BB     87647238093.16   233296966426.95
GDF SUEZ            GDSZF US    87647238093.16   233296966426.95
GAZ DE FRANCE       GAZ FP      87647238093.16   233296966426.95
TOTAL SA            FPB BB      69692740346.55   162306892493.72
GDF SUEZ            GSZ EB      87647238093.16   233296966426.95
GDF SUEZ            GSZ EO      87647238093.16   233296966426.95
GDF SUEZ            FRGAZ IM    87647238093.16   233296966426.95
BNP PARIBAS-NEW     BPRBF US    82275104693.21  2895912620915.34
GDF SUEZ            GAZ PZ      87647238093.16   233296966426.95
GDF SUEZ            GSZ EU      87647238093.16   233296966426.95
TOTAL SA            TOT IM      69692740346.55   162306892493.72
PPR                 PPGBX EU    14916757660.71    37710400239.87
GDF SUEZ            GSZBS BB    87647238093.16   233296966426.95
GDF SUEZ            GSZGBX EO   87647238093.16   233296966426.95
GDF SUEZ            GSZUSD EU   87647238093.16   233296966426.95
BNP PARIBAS         BNP PZ      82275104693.21  2895912620915.34
TOTAL SA - NEW      674306Q F   69692740346.55   162306892493.72
GDF SUEZ            GSZGBX EU   87647238093.16   233296966426.95
FRANCE TELECOM      FTE LI      43529010808.59   132960351654.43
CARREFOUR SA        CA EO       15280778183.87    72667414592.96
GDF SUEZ-ADR        GDFZY US    87647238093.16   233296966426.95
GDF SUEZ - NEW      GSZNV LX    87647238093.16   233296966426.95
TOTAL SA+           FP ES       69692740346.55   162306892493.72
TOTAL SA - NEW      FPNV FP     69692740346.55   162306892493.72
GDF SUEZ            GSZ VX      87647238093.16   233296966426.95
CARREFOUR           CAR NA      15280778183.87    72667414592.96
GDF SUEZ            GSZ FP      87647238093.16   233296966426.95
TOTAL SA            TOTQF US    69692740346.55   162306892493.72
GDF SUEZ            GSZGBP EO   87647238093.16   233296966426.95
TOTAL SA            TOTB GR     69692740346.55   162306892493.72
GDF SUEZ            GSZ PZ      87647238093.16   233296966426.95
AXA-NEW             518742Q F   56504837642.89   939720458559.75
CARREFOUR SA        CRERF US    15280778183.87    72667414592.96
SOC GENERALE+       GLE ES      57047591621.42  1576636831738.03
SOC GENERALE-ADR    SCGLYN MM   57047591621.42  1576636831738.03
ST GOBAIN           SGOZ IX      20272983513.1    60546874898.09
SOC GENERALE        GLEGBX EU   57047591621.42  1576636831738.03
BNP PARIBAS         8665 JP     82275104693.21  2895912620915.34
SOC GENERALE        GLEUSD EO   57047591621.42  1576636831738.03
BNP PARIBAS         BNP NQ      82275104693.21  2895912620915.34
CARREFOUR           CFR LI      15280778183.87    72667414592.96
SOC GENERALE-WT     WGL FP      57047591621.42  1576636831738.03
AXA                 CS BQ       56504837642.89   939720458559.75
SOC GENERALE-NEW    GLEN FP     57047591621.42  1576636831738.03
SOC GENERALE-NEW    ZSG FP      57047591621.42  1576636831738.03
CNP ASSURANCES      CNP TQ      17459179731.69   426318294872.94
SOC GENERALE-NEW    GLENV FP    57047591621.42  1576636831738.03
RENAULT SA          RNOAUD EO   27090176306.79    89060206645.72
BANQ NAT PAR-CDI    BM FP       82275104693.21  2895912620915.34
SOC GENERALE        GLE TQ      57047591621.42  1576636831738.03
AXA                 CSUSD EO    56504837642.89   939720458559.75
SOC GENERALE        GLE NQ      57047591621.42  1576636831738.03
SOC GENERALE        GLE EB      57047591621.42  1576636831738.03
SOC GENERALE        SCGLF US    57047591621.42  1576636831738.03
SOC GENERALE        8666 JP     57047591621.42  1576636831738.03
CARREFOUR SA        CA VX       15280778183.87    72667414592.96
SOC GENERALE        GLE FP      57047591621.42  1576636831738.03
SOC GENERALE        SGE GR      57047591621.42  1576636831738.03
SOC GENERALE        SOGN IX     57047591621.42  1576636831738.03
SOC GENERALE        GLE EU      57047591621.42  1576636831738.03
BNP PARIBAS         BNP GR      82275104693.21  2895912620915.34
SOC GENERALE        GLEJPY EO   57047591621.42  1576636831738.03
LAFARGE SA          LG BQ       20419484682.42    54080249720.75
TOTAL SA            FP NQ       69692740346.55   162306892493.72
ST GOBAIN           SGOA NA      20272983513.1    60546874898.09
SOCIETE GENE NV-    GLE08 IM    57047591621.42  1576636831738.03
ELF AQUITAIN-NEW    3231370Q    17068048063.83    43157333315.56
UNIBAIL - NEW       1015005Q    19742370933.81    34775490576.15
GDF SUEZ            GSZUSD EO   87647238093.16   233296966426.95
RENAULT SA          RNO EU      27090176306.79    89060206645.72
BNP PARIBAS         BNP EU      82275104693.21  2895912620915.34
BNP PARIBAS         BNPA NA     82275104693.21  2895912620915.34
ST GOBAIN           SGB LI       20272983513.1    60546874898.09
ST GOBAIN           SGOT BB      20272983513.1    60546874898.09
ST GOBAIN           COD LI       20272983513.1    60546874898.09
ST GOBAIN           COD LN       20272983513.1    60546874898.09
RENAULT SA          RNL GR      27090176306.79    89060206645.72
CHRISTIAN DIOR      DIOR IX     21298493127.05    49654162419.07
SOCIETE GENE NV-    3149528Q    57047591621.42  1576636831738.03
ELF ACQUIT-NEW      AQNF FP     17068048063.83    43157333315.56
SOCIETE GEN-NEW     2334140Q    57047591621.42  1576636831738.03
SCHNEIDER ELECTR    SUAUD EU    15418908388.47    34611968873.87
LVMH                MCB BB      19375837263.88    44057811750.52
SOCIETE GEN-NEW     674482Q F   57047591621.42  1576636831738.03
ELF AQUITAIN-NEW    AQNV FP     17068048063.83    43157333315.56
SOCIETE GENER-RT    2675495Q    57047591621.42  1576636831738.03
AXA-CEDEAR BLOCK    AXAB AR     56504837642.89   939720458559.75
BNP PARIBAS         BNP EB      82275104693.21  2895912620915.34
SOCIETE GENE-RTS    SGEF GR     57047591621.42  1576636831738.03
SAINT GOBAIN        SGONOK EO    20272983513.1    60546874898.09
SOCIETE GENE-RTS    GLEDS FP    57047591621.42  1576636831738.03
CARREFOUR SA        CRR IM      15280778183.87    72667414592.96
EDF                 ECIFF US    34660803073.22    279451839854.4
EDF                 EDF PZ      34660803073.22    279451839854.4
EDF                 EDFAUD EO   34660803073.22    279451839854.4
LAFARGE SA          LG NQ       20419484682.42    54080249720.75
EDF                 EDF NQ      34660803073.22    279451839854.4
CHRISTIAN DI-ADR    CHDRY US    21298493127.05    49654162419.07
CARREFOUR SA        CAGBP EO    15280778183.87    72667414592.96
GDF SUEZ            GSZB IX     87647238093.16   233296966426.95
TOTAL SA            FP EU       69692740346.55   162306892493.72
L'OREAL             OR PZ       16503854852.25    32030617098.96
EDF                 EDF EB      34660803073.22    279451839854.4
AXA                 CS NQ       56504837642.89   939720458559.75
AXA-RTS             XCS FP      56504837642.89   939720458559.75
EDF                 EDF LN      34660803073.22    279451839854.4
AXA - NEW           2335837Q    56504837642.89   939720458559.75
SUEZ LYONNAISE      LYO BB      36254901285.74   145937566775.07
EDF                 EDF VX      34660803073.22    279451839854.4
SOC GEN VALORES     GLESVB SM   57047591621.42  1576636831738.03
FRANCE TELECOM      FTESEK EO   43529010808.59   132960351654.43
EDF                 EDFNOK EU   34660803073.22    279451839854.4
CHRISTIAN DIOR      CDI EO      21298493127.05    49654162419.07
EDF-UNSPON ADR      ECIFY US    34660803073.22    279451839854.4
RENAULT SA          RNOGBX EU   27090176306.79    89060206645.72
RENAULT SA+         RNO ES      27090176306.79    89060206645.72
EDF                 EDF FP      34660803073.22    279451839854.4
RENAULT SA          RNO1 PZ     27090176306.79    89060206645.72
EDF                 EDF TQ      34660803073.22    279451839854.4
COMPAGNIE DE SAI    SGOBS FP     20272983513.1    60546874898.09
EDF                 EDF IX      34660803073.22    279451839854.4
EDF                 EDFUSD EO   34660803073.22    279451839854.4
PPR                 PP NQ       14916757660.71    37710400239.87
SOC GENERALE        GLE EO      57047591621.42  1576636831738.03
SOC GENERALE        GLEUSD EU   57047591621.42  1576636831738.03
EDF                 E2F GR      34660803073.22    279451839854.4
CARREFOUR SA-ADR    CRERY US    15280778183.87    72667414592.96
RENAULT SA          RNSDF US    27090176306.79    89060206645.72
SCHNEIDER ELECTR    SU BQ       15418908388.47    34611968873.87
BNP PARIBAS         BNPUSD EO   82275104693.21  2895912620915.34
SOC GENERALE        SGN LI      57047591621.42  1576636831738.03
SOC GENERALE        GLEGBX EO   57047591621.42  1576636831738.03
LAFARGE SA          LGNOK EU    20419484682.42    54080249720.75
VIVENDI SA          EX FP        37149929933.9    73664018455.03
TOTAL SA            FP FP       69692740346.55   162306892493.72
BNP PARIBAS         BNP EO      82275104693.21  2895912620915.34
SOC GENERALE        GLE NA      57047591621.42  1576636831738.03
RENAULT SA          RNO EB      27090176306.79    89060206645.72
CARREFOUR-RTS       XCA FP      15280778183.87    72667414592.96
EDF                 EDF EU      34660803073.22    279451839854.4
AXA                 CSNOK EO    56504837642.89   939720458559.75
GDF SUEZ            GZFCF US    87647238093.16   233296966426.95
EDF                 EDFJPY EU   34660803073.22    279451839854.4
FRANCE TELECOM-R    FTE1 GR     43529010808.59   132960351654.43
LVMH MOET HENNES    LVMHF US    19375837263.88    44057811750.52
LVMH MOET HENNES    LVMH SW     19375837263.88    44057811750.52
SOC GENERALE        GLEJPY EU   57047591621.42  1576636831738.03
RENAULT SA          RENA IX     27090176306.79    89060206645.72
RENAULT SA          RNOAUD EU   27090176306.79    89060206645.72
EDF                 EDFJPY EO   34660803073.22    279451839854.4
L'OREAL - NEW       ORNV FP     16503854852.25    32030617098.96
FRANCE TELECOM      FTE TQ      43529010808.59   132960351654.43
NATIXIS             KN NQ       22725833335.88   775424221299.61
AXA -ADR            AXA US      56504837642.89   939720458559.75
BANQ NATL PARI-N    BNPN FP     82275104693.21  2895912620915.34
CNP ASSURANCES      CNPAF US    17459179731.69   426318294872.94
PINAULT-PRINTEMP    PPP LI      14916757660.71    37710400239.87
UNIBAIL-RODAMCO     ULJPY EO    19742370933.81    34775490576.15
BNP-NON VOTE SHS    3268532Z    82275104693.21  2895912620915.34
PINAULT-PRINTEMP    PINPF US    14916757660.71    37710400239.87
ELF AQUITAINE       AQ EO       17068048063.83    43157333315.56
SOC GENERALE        GLE IM      57047591621.42  1576636831738.03
LVMH MOET HENNES    MC EB       19375837263.88    44057811750.52
PPR                 PPP LN      14916757660.71    37710400239.87
UNIBAIL-RODAMCO     ULUSD EO    19742370933.81    34775490576.15
SCHNEIDER ELECTR    SUNOK EU    15418908388.47    34611968873.87
SOC GENERALE-ADR    SCGLY US    57047591621.42  1576636831738.03
TOTAL SA            FPAUD EO    69692740346.55   162306892493.72
BNP PARIBAS+        BNP ES      82275104693.21  2895912620915.34
BNP PARIBAS-144A    BNPZY US    82275104693.21  2895912620915.34
BNP PARIBAS-NEW     BNPNV FP    82275104693.21  2895912620915.34
RENAULT SA          RNOCHF EO   27090176306.79    89060206645.72
CARREFOUR SA        CA EU       15280778183.87    72667414592.96
RENAULT SA-NEW      RNON FP     27090176306.79    89060206645.72
BNP PARIBAS         BNPUSD EU   82275104693.21  2895912620915.34
PINAULT-PRINTEM+    PP ES       14916757660.71    37710400239.87
LAFARGE-RTS         LAFR BB     20419484682.42    54080249720.75
RENAULT SA          RNO FP      27090176306.79    89060206645.72
PINAULT-PRI-NEW     878561Q F   14916757660.71    37710400239.87
SAINT GOBAIN        SGOHUF EO    20272983513.1    60546874898.09
PEUGEOT SA          UG EU       18524734892.45    86114832918.92
BNP PARIBAS-ADR     BNPQYN MM   82275104693.21  2895912620915.34
CREDIT AGRICOLE     ACA BQ      66045560025.41  2306655408812.63
LAFARGE SA          LFG LI      20419484682.42    54080249720.75
PEUGEOT CITROEN     UG LN       18524734892.45    86114832918.92
FRANCE TELECOM S    2861481Q    43529010808.59   132960351654.43
LAFARGE SA          LG PZ       20419484682.42    54080249720.75
CAISSE NATIONALE    211398Z F   16437441484.12   664221371385.19
VIVENDI SA          VIV LN       37149929933.9    73664018455.03
FRANCE TELECOM      FTEAUD EU   43529010808.59   132960351654.43
RENAULT SA          RNLG IX     27090176306.79    89060206645.72
BANQ NAT PARIS      BNPN LI     82275104693.21  2895912620915.34
REGIE NATL USINE    3317Z US    27090176306.79    89060206645.72
L'OREAL             OR NQ       16503854852.25    32030617098.96
RENAULT SA          RNOUSD EU   27090176306.79    89060206645.72
UNIBAIL-RODAMCO     UNBLF US    19742370933.81    34775490576.15
BNP PARIBAS         BNP SW      82275104693.21  2895912620915.34
SOCIETE GENER-CW    13077 JP    57047591621.42  1576636831738.03
CARREFOUR SA        CA EB       15280778183.87    72667414592.96
EDF                 EDFGBP EO   34660803073.22    279451839854.4
LAFARGE SA          LGUSD EO    20419484682.42    54080249720.75
CARREFOUR SA        CA PZ       15280778183.87    72667414592.96
CARREFOUR SA        CA BQ       15280778183.87    72667414592.96
FRANCE TELECOM-N    554094Q F   43529010808.59   132960351654.43
TOTAL SA            FPGBX EO    69692740346.55   162306892493.72
L'OREAL-RIGHTS      96189Q FP   16503854852.25    32030617098.96
FR TELEC-CED BLK    FTEB AR     43529010808.59   132960351654.43
AXA -ADR            QUNAXA AU   56504837642.89   939720458559.75
SOC GENERALE        SGEG IX     57047591621.42  1576636831738.03
VIVENDI             VIV EO       37149929933.9    73664018455.03
SOCIETE GEN-NEW     878765Q F   57047591621.42  1576636831738.03
BNP PARIBAS         BNPQF US    82275104693.21  2895912620915.34
BNP PARIBAS         BNP IM      82275104693.21  2895912620915.34
NATIXIS             KN TQ       22725833335.88   775424221299.61
SCHNEIDER ELECTR    SUCHF EU    15418908388.47    34611968873.87
BNP PARIBAS         BNP FP      82275104693.21  2895912620915.34
FRANCE TELE-NEW     FTNV5 FP    43529010808.59   132960351654.43
ELF AQUITAINE       ELFA LX     17068048063.83    43157333315.56
AXA - NEW           674330Q F   56504837642.89   939720458559.75
LAFARGE-PRIM 06     LGP6 FP     20419484682.42    54080249720.75
LVMH MOET HENNES    MC PZ       19375837263.88    44057811750.52
ELF AQUITAINE       ELFP IX     17068048063.83    43157333315.56
ELF AQUITAINE-CT    ELFC FP     17068048063.83    43157333315.56
ELF AQUITAINE       ELFFF US    17068048063.83    43157333315.56
ST GOBAIN-NEW       SGON FP      20272983513.1    60546874898.09
BNP PARIBAS         BNP VX      82275104693.21  2895912620915.34
ELF AQUITAINE       AQEL FP     17068048063.83    43157333315.56
ST GOBAIN           STG BB       20272983513.1    60546874898.09
GDF SUEZ - NEW      GSZNV FP    87647238093.16   233296966426.95
ELF AQUITAINE       ELF GR      17068048063.83    43157333315.56
ST GOBAIN           SAGO NA      20272983513.1    60546874898.09
SCHNEIDER ELECTR    SU NQ       15418908388.47    34611968873.87
ELF AQUITAIN-NEW    874776Q F   17068048063.83    43157333315.56
CREDIT AGRICOLE     ACAGBX EO   66045560025.41  2306655408812.63
L'OREAL-ADR         LORLY US    16503854852.25    32030617098.96
ELF AQUITAINE       ELFP BB     17068048063.83    43157333315.56
ELF AQUITAINE       AQT LI      17068048063.83    43157333315.56
ST GOBAIN - NEW     878549Q F    20272983513.1    60546874898.09
ST GOBAIN (CIE)     GOB GR       20272983513.1    60546874898.09
EDF                 EDFAUD EU   34660803073.22    279451839854.4
ELF AQUITAINE       ZAQQ FP     17068048063.83    43157333315.56
ELF AQUITAINE-N     723286Q F   17068048063.83    43157333315.56
ST GOBAIN-OLD       SGO BB       20272983513.1    60546874898.09
BANQUE NAT 144A     BNDPY US    82275104693.21  2895912620915.34
BNP PARIBAS         BNP BQ      82275104693.21  2895912620915.34
BNP PARIBAS         BNPP IX     82275104693.21  2895912620915.34
VIVENDI SA-ADR      2670116Q     37149929933.9    73664018455.03
CARREFOUR           CARGI IX    15280778183.87    72667414592.96
BNP PARIBAS         BNP TQ      82275104693.21  2895912620915.34
ST GOBAIN-PC        SGPP IX      20272983513.1    60546874898.09
SUEZ SA             SZEGBX EO   36254901285.74   145937566775.07
ST GOBAIN-PC        SGP FP       20272983513.1    60546874898.09
RENAULT SA          RNOGBP EO   27090176306.79    89060206645.72
FR TELEC-CED C/E    FTEC AR     43529010808.59   132960351654.43
ELF AQUITAINE-N     AQNW FP     17068048063.83    43157333315.56
EDF                 EDFUSD EU   34660803073.22    279451839854.4
SOC GENERALE        GLE VX      57047591621.42  1576636831738.03
LAFARGE SA-RTS      LFGFF US    20419484682.42    54080249720.75
CAISSE NATIONALE    CNCA FP     24987018575.22   503146260983.74
UNIBAIL-RODAMCO     ULCHF EO    19742370933.81    34775490576.15
FRANCE TELECOM      FTECHF EO   43529010808.59   132960351654.43
ST GOBAIN-NEW       STGN FP      20272983513.1    60546874898.09
RENAULT SA          RNL LI      27090176306.79    89060206645.72
CARREFOUR SA        CACZK EO    15280778183.87    72667414592.96
CARREFOUR SA        CACZK EU    15280778183.87    72667414592.96
RENAULT SA          RNO TQ      27090176306.79    89060206645.72


UNITED KINGDOM
--------------
VODAFONE GRP-CTF    VODD GR    121221354437.23   218341988365.64
ROYAL BANK OF-RT    3088217Z   117325833278.06  3500407622928.13
ROYAL BANK-NPR      RBSFD IX   117325833278.06  3500407622928.13
ROYAL BANK-NPR      RBSN IX    117325833278.06  3500407622928.13
ROYAL BANK OF SC    3234485Z   117325833278.06  3500407622928.13
ROYAL BANK OF       RBSNL IX   117325833278.06  3500407622928.13
ROYAL BANK OF       RBSSR NA   117325833278.06  3500407622928.13
ROYAL BANK -SUB     3232804Z   117325833278.06  3500407622928.13
ROYAL BANK-NPR      RYSC GR    117325833278.06  3500407622928.13
ASTRAZENECA PLC     AZN EU         16060000256       46514999296
TESCO PLC           TSCOPEN E   18644447623.65    66074083090.13
ROYAL BANK OF SC    RBSF PZ    117325833278.06  3500407622928.13
UNILEVER PLC        UNV GR      14471533493.49    49585136559.41
UNILEVER PLC        ULVR BQ     14471533493.49    49585136559.41
ROYAL BANK-NPR      RBSN PZ    117325833278.06  3500407622928.13
AVIVA PLC           AV/USD EU   21055044911.02   516774130437.91
ROYAL BANK-S ADR    RYS2 GR    117325833278.06  3500407622928.13
UNILEVER PLC        UNLYF US    14471533493.49    49585136559.41
ROYAL BANK-EXCES    3106996Z   117325833278.06  3500407622928.13
VODAFONE GROUP      VOD PZ     121221354437.23   218341988365.64
ROYAL BANK-PFD      RBS/PB US  117325833278.06  3500407622928.13
ASTRAZENECA PLC     AZN IX         16060000256       46514999296
BRITISH GAS PLC     544996Q L   18778429381.14    36453485361.34
RIO TINTO PLC       RIO IX         22460999680       89615998976
RIO TINTO PLC       RIOGBP EO      22460999680       89615998976
RIO TINTO PLC       RTZR BB        22460999680       89615998976
RIO TINTO PLC       RIO BQ         22460999680       89615998976
RIO TINTO-ADR       RIOA GR        22460999680       89615998976
RIO TINTO PLC       RIO TQ         22460999680       89615998976
RIO TINTO PLC-CT    RIO1 EU        22460999680       89615998976
RIO TINTO PLC       RTZL IX        22460999680       89615998976
RIO TINTO PLC       RIO SW         22460999680       89615998976
REUTERS GRP PLC     RTR PO         20198000640       35742998528
REUTERS GRP-ADR     RTR$ LN        20198000640       35742998528
ASTRAZENECA PLC     AZNEUR EU      16060000256       46514999296
REUTERS GRP PLC     3092435Q       20198000640       35742998528
REUTERS HLDG-ADR    1030294Q       20198000640       35742998528
REUTERS-C/E         RTRSYC AR      20198000640       35742998528
REUTERS-CEDEAR      RTRSY AR       20198000640       35742998528
RIO TINTO-ADR       BB74 LI        22460999680       89615998976
RTZ CORP (TERME)    RIO BB         22460999680       89615998976
RTZ CORP-CDR        RTZ NA         22460999680       89615998976
RIO TINTO PLC       RIOEUR BQ      22460999680       89615998976
HBOS PLC            3169076Q    19674791962.69  1005554016859.44
RIO TINTO PLC       RIO NR         22460999680       89615998976
RIO TINTO PLC       RIO VX         22460999680       89615998976
RIO TINTO PLC       RTPPF US       22460999680       89615998976
RIO TINTO PLC       RIO EB         22460999680       89615998976
RIO TINTO PLC       RIO EO         22460999680       89615998976
RIO TINTO PLC       RIO PO         22460999680       89615998976
RIO TINTO PLC       RIO1 GR        22460999680       89615998976
RIO TINTO PLC-CT    RTOGF US       22460999680       89615998976
RIO TINTO PLC-B     RTZ SW         22460999680       89615998976
RIO TINTO PLC-CT    RIOG PZ        22460999680       89615998976
RIO TINTO PLC       RIOEUR EO      22460999680       89615998976
ANGLO AMER-ADR      NGLYI IX       21756000256       49737998336
RIO TINTO PLC       RIOAUD EU      22460999680       89615998976
RIO TINTO PLC       RTZ FP         22460999680       89615998976
RIO TINTO PLC       RTZN SW        22460999680       89615998976
RIO TINTO PLC       RIOCAD EU      22460999680       89615998976
UNILEVER PLC        ULVR VX     14471533493.49    49585136559.41
RIO TINTO-FPR       RIOF LN        22460999680       89615998976
UNILEVER PLC        ULVR NR     14471533493.49    49585136559.41
RIO TINTO-NPR       RION PZ        22460999680       89615998976
RIO TINTO-CTFS      RTZFF US       22460999680       89615998976
RIO TINTO-CEDEAR    RTP AR         22460999680       89615998976
RIO TINTO-CED BL    RTPB AR        22460999680       89615998976
RIO TINTO-CTFS      RIOS IX        22460999680       89615998976
UNILEVER PLC        ULVR PO     14471533493.49    49585136559.41
THOMSON REUT-ADR    T59A GR        20198000640       35742998528
REUTERS GRP PLC     RTR IX         20198000640       35742998528
ROYAL BANK-PFD      RBS/PC US  117325833278.06  3500407622928.13
ANGLO AMER PLC      AALEUR EO      21756000256       49737998336
BP AMOCO -CED CE    BPAC AR        92108996608      223203000320
RIO TINTO-NPR       RIONGBP E      22460999680       89615998976
RIO TINTO-NPR       RIO4 GR        22460999680       89615998976
CGNU PLC            CGNU LN     21055044911.02   516774130437.91
UNILEVER PLC        ULVREUR E   14471533493.49    49585136559.41
RIO TINTO-CEC/E     RTPC AR        22460999680       89615998976
REUTERS GRP-ADR     RTRSY US       20198000640       35742998528
THOMSON REUTERS     TRIL VX        20198000640       35742998528
VODAFONE GROUP      VOD EO     121221354437.23   218341988365.64
THOMSON REUTERS     RTGG IX        20198000640       35742998528
O2 PLC-ASSENTED     OOMA LN     19414126331.11    25534022171.02
VODAFONE GROUP      VOD TQ     121221354437.23   218341988365.64
REUTERS GRP PLC     RTR VX         20198000640       35742998528
REUTERS GROUP       RTRSF US       20198000640       35742998528
REUTERS GRP         QUQRTR AU      20198000640       35742998528
RIO TINTO-ADR       RTP US         22460999680       89615998976
UNILEVER PLC        ULVR TQ     14471533493.49    49585136559.41
UNILEVER PLC        ULVRUSD E   14471533493.49    49585136559.41
BHP BILLITON PLC    BLT TQ         39042998272       73288998912
UNILEVER PLC        ULVR EU     14471533493.49    49585136559.41
ANGLO AMER PLC      AAL VX         21756000256       49737998336
BP AMOCO -CED $     BPD AR         92108996608      223203000320
UNILEVER PLC-ADR    41IS LI     14471533493.49    49585136559.41
VODAFONE GROUP      VODSGD EO  121221354437.23   218341988365.64
TESCO PLC           TSCOGBP E   18644447623.65    66074083090.13
STANDARD CHARTER    STANUSD E      22695000064      435068010496
STANDARD CHARTER    STAN EO        22695000064      435068010496
STANDARD CHARTER    STAN PZ        22695000064      435068010496
STANDARD CHARTER    STAN BQ        22695000064      435068010496
STANDARD CHARTER    STAN PO        22695000064      435068010496
STANDARD CHARTER    SCBEF US       22695000064      435068010496
STANDARD CHARTER    SCFP LN        22695000064      435068010496
CARNIVAL PLC        CCL PO         19097999360       35545001984
TESCO PLC           TSCOPEN E   18644447623.65    66074083090.13
STANDARD CHARTER    STAN TQ        22695000064      435068010496
ANGLO AMER PLC      AAL PZ         21756000256       49737998336
ASTRAZENECA PLC     AZN LN         16060000256       46514999296
STANDARD CHARTER    SCBFF US       22695000064      435068010496
STANDARD CHARTER    STANHKD E      22695000064      435068010496
STANDARD CHARTER    STAN NQ        22695000064      435068010496
STANDARD CHARTER    STD GR         22695000064      435068010496
BARCLAYS PLC-ADR    BCSN MM     69101530569.63  2992218237337.88
CARNIVAL PLC        CCL LN         19097999360       35545001984
UNILEVER PLC-ADR    ULN MM      14471533493.49    49585136559.41
BHP BILLITON PLC    BLTZAR EO      39042998272       73288998912
REUTERS GRP PLC     RTR PZ         20198000640       35742998528
SHELL TRANS-CED$    SCD AR      36238272086.29    78197530835.86
VODAFONE GROUP      VODPF US   121221354437.23   218341988365.64
BHP BILLITON-ADR    BHPBY US       39042998272       73288998912
STANDARD CHARTER    STAN NR        22695000064      435068010496
AVIVA PLC           AV/SEK EU   21055044911.02   516774130437.91
STANDARD CHARTER    STRDF US       22695000064      435068010496
STANDARD CHARTER    SCFPG PZ       22695000064      435068010496
BG GROUP PLC        BG/ LN      18778429381.14    36453485361.34
ASTRAZENECA PLC     AZNSEK EU      16060000256       46514999296
TESCO PLC           TSCOEUR E   18644447623.65    66074083090.13
VODAFONE GROUP      VOD NQ     121221354437.23   218341988365.64
THOMSON REUT PLC    TRIL NQ        20198000640       35742998528
BANKSCOT 9-         BSCB LN     17380687552.39   938597878502.38
THOMSON REUT PLC    TRILUSD E      20198000640       35742998528
CARNIVAL PLC        CCLUSD EU      19097999360       35545001984
BP PLC-DEUT CT      BPE EO         92108996608      223203000320
VODAFONE GRP-ADR    VODD LN    121221354437.23   218341988365.64
THOMSON REUT PLC    TRIL EO        20198000640       35742998528
THOMSON REUT PLC    TRINF US       20198000640       35742998528
THOMSON REUT PLC    TRIL EB        20198000640       35742998528
THOMSON REUT PLC    TRIL TQ        20198000640       35742998528
BG GROUP PLC        BG/ NR      18778429381.14    36453485361.34
VODAFONE GROUP      VODPEN EO  121221354437.23   218341988365.64
BP PLC              5051 JP        92108996608      223203000320
SOUTH AFR BREWS     SBWRF US       16113000448       31619000320
SOUTH AFR BREWS     SBWUF US       16113000448       31619000320
ASTRAZENECA-ADR     AZNN MM        16060000256       46514999296
SOUTH AFR BR-ADR    SBWXY US       16113000448       31619000320
STANDARD CHARTER    STAN EU        22695000064      435068010496
HSBC HLDGS PLC      HSBA BQ       100228997120     2527465046016
TESCO PLC           TSCOUSD E   18644447623.65    66074083090.13
BP PLC              BPAS IX        92108996608      223203000320
ROYAL BK SCOTLAN    RBS LN     117325833278.06  3500407622928.13
STANDARD CHARTER    8646 JP        22695000064      435068010496
STANDARD CHARTER    STANGBP E      22695000064      435068010496
STANDARD CHARTER    STAN EB        22695000064      435068010496
VODAFONE GROUP      VODEUR EU  121221354437.23   218341988365.64
TESCO PLC-ADR       TSCDYN MM   18644447623.65    66074083090.13
THOMSON REUT PLC    TRIL IX        20198000640       35742998528
TESCO PLC-ADR       TSCDY US    18644447623.65    66074083090.13
TESCO PLC           TSCO PO     18644447623.65    66074083090.13
STANDARD CHART-R    2976 HK        22695000064      435068010496
TESCO PLC           TSCOUSD E   18644447623.65    66074083090.13
TESCO PLC           TSCOCHF E   18644447623.65    66074083090.13
HSBC HLDGS PLC      HBC GR        100228997120     2527465046016
VODAFONE GRP-ADR    VOD$ LN    121221354437.23   218341988365.64
HBOS PLC-ADR        AP51 LI     19674791962.69  1005554016859.44
VODAFONE GROUP      VOD PO     121221354437.23   218341988365.64
ANGLO AMER PLC      ANA SW         21756000256       49737998336
VODAFONE GROUP      VOD LN     121221354437.23   218341988365.64
HSBC HLDGS PLC      HSBA VX       100228997120     2527465046016
VODAFONE GROUP      VODI IX    121221354437.23   218341988365.64
VODAFONE GRP-ADR    VODH GR    121221354437.23   218341988365.64
TESCO PLC           TCO PO      18644447623.65    66074083090.13
VODAFONE GRP-IDR    QUNVOD AU  121221354437.23   218341988365.64
CGNU PLC            CGNU VX     21055044911.02   516774130437.91
BG PLC              BBGGF US    18778429381.14    36453485361.34
ANGLO AMER PLC      AAL PO         21756000256       49737998336
VODAFONE GR-CED     VOD AR     121221354437.23   218341988365.64
HSBC HLDGS PLC      HSBA IX       100228997120     2527465046016
HBOS PLC -FPR       HBOF PZ     19674791962.69  1005554016859.44
ANGLO AMER PLC      AAL NQ         21756000256       49737998336
TESCO PLC           TSCDF US    18644447623.65    66074083090.13
ANGLO AMER PLC      AALUSD EU      21756000256       49737998336
HSBC HOLDING-NPR    3261217Q      100228997120     2527465046016
TESCO PLC           TSCO EB     18644447623.65    66074083090.13
TESCO PLC           TSCO PZ     18644447623.65    66074083090.13
VODAFONE GRP-ADR    VODA GR    121221354437.23   218341988365.64
TESCO PLC           TSCO EO     18644447623.65    66074083090.13
ANGLO AMER PLC      AAL IX         21756000256       49737998336
VODAFONE -CED BL    VODB AR    121221354437.23   218341988365.64
VODAFONE GROUP      VODPEN EU  121221354437.23   218341988365.64
VODAFONE GRP-ADR    VODN MM    121221354437.23   218341988365.64
VODAFONE GROUP      VODSGD EU  121221354437.23   218341988365.64
VODAFONE GROUP      VOD BQ     121221354437.23   218341988365.64
ANGLO AMER PLC      AAL EO         21756000256       49737998336
HSBC HLDGS PLC      HSBC BH       100228997120     2527465046016
AVIVA PLC           GU8 GR      21055044911.02   516774130437.91
ANGLO AMER PLC      AAL NR         21756000256       49737998336
ANGLO AMER PLC      AAL LN         21756000256       49737998336
ANGLO AMER PLC      AALZAR EO      21756000256       49737998336
ANGLO AMER PLC      AALZ IX        21756000256       49737998336
TESCO PLC           TSCO EU     18644447623.65    66074083090.13
ROYAL BANK-S ADR    RYSA GR    117325833278.06  3500407622928.13
ANGLO AMER PLC      AAL BQ         21756000256       49737998336
ANGLO AMER PLC      AALGBP EO      21756000256       49737998336
BP PLC-ADR          QUNBPP AU      92108996608      223203000320
ANGLO AMER PLC      AALUSD EO      21756000256       49737998336
BP PLC-DEUT CT      BPE PZ         92108996608      223203000320
BARCLAYS-CED BLK    BCSB AR     69101530569.63  2992218237337.88
ANGLO AMER-ADR      AAUK US        21756000256       49737998336
ANGLO AMER-ADR      AAUKN MM       21756000256       49737998336
RIO TINTO PLC       RIO PZ         22460999680       89615998976
ANGLO AMER-ADR      NGLA IX        21756000256       49737998336
TESCO PLC           TSCOCHF E   18644447623.65    66074083090.13
BG GROUP PLC        BG/PEN EO   18778429381.14    36453485361.34
HSBC HLDGS-C BLK    HBCB AR       100228997120     2527465046016
ANGLO AMER PLC      AAL TQ         21756000256       49737998336
TESCO PLC           TSCO IX     18644447623.65    66074083090.13
ANGLO AMER PLC      NGL GR         21756000256       49737998336
ANGLO AMER PLC      NGLB GR        21756000256       49737998336
HSBC HOLDING-FPR    HSBF LN       100228997120     2527465046016
TESCO PLC           TSCOEUR E   18644447623.65    66074083090.13
HSBC HLDGS PLC      HSBA NQ       100228997120     2527465046016
ANGLO AMER PLC      AAUKF US       21756000256       49737998336
ANGLO AMER PLC      NGLG IX        21756000256       49737998336
VODAFONE GROUP      VOD EB     121221354437.23   218341988365.64
AVIVA PLC           AV/ EU      21055044911.02   516774130437.91
ANGLO AMER PLC      AAL EB         21756000256       49737998336
VODAFONE GROUP      VOD GR     121221354437.23   218341988365.64
ROYAL-SER 1 ADR     RBSLY US   117325833278.06  3500407622928.13
TESCO PLC           TSCO BQ     18644447623.65    66074083090.13
SABMILLER PLC       SABGBP EO      16113000448       31619000320
RUETERS-BLOCK       RTRSYB AR      20198000640       35742998528
BRIT GAS-ADR        GAS$ LN     18778429381.14    36453485361.34
CARNIVAL PLC        CCL PZ         19097999360       35545001984
ROYAL BANK -EXCE    3237151Z   117325833278.06  3500407622928.13
THOMSON REUT PLC    TRILEUR E      20198000640       35742998528
UNILEVER PLC        ULVR PZ     14471533493.49    49585136559.41
ROYL BK SCOT-ADR    RYBSY US   117325833278.06  3500407622928.13
ROYL BK SCOT-ADR    RBSPY US   117325833278.06  3500407622928.13
SABMILLER -REG S    3082Z GR       16113000448       31619000320
ROYAL-SER 2 ADR     RBSAY US   117325833278.06  3500407622928.13
HBOS PLC            HBOOF US    19674791962.69  1005554016859.44
RTZ CORP-R          RTZ LN         22460999680       89615998976
BARCLAYS PLC        BARCGBP E   69101530569.63  2992218237337.88
REUTERS HOLDINGS    RTRSY SP       20198000640       35742998528
SABMILLER PLC       SAB EU         16113000448       31619000320
SABMILLER PLC       SABEUR EU      16113000448       31619000320
SABMILLER PLC       SABUSD EU      16113000448       31619000320
ASTRAZENECA PLC     AZNUSD EU      16060000256       46514999296
SABMILLER PLC       SABZAR EO      16113000448       31619000320
SABMILLER PLC       SAB BQ         16113000448       31619000320
SABMILLER PLC       SAB EO         16113000448       31619000320
THOMSON REUT PLC    TRILGBP E      20198000640       35742998528
THOMSON REUT-ADR    TRIN US        20198000640       35742998528
SABMILLER - 144A    3083Z GR       16113000448       31619000320
ROYAL BK SCOTLAN    RBS NA     117325833278.06  3500407622928.13
BRIT PETROLEUM      BP SW          92108996608      223203000320
SABMILLER PLC       SABZAR EU      16113000448       31619000320
SABMILLER PLC       SAB PO         16113000448       31619000320
BP PLC              BPEN IX        92108996608      223203000320
ROYAL-SER 1 ADR     89OT LN    117325833278.06  3500407622928.13
UNILEVER PLC        ULVR EB     14471533493.49    49585136559.41
HSBC HOLDING-FPR    HSBCFZ HK     100228997120     2527465046016
ROYAL BK SCOTLAN    RBS IX     117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBS EO     117325833278.06  3500407622928.13
VODAFONE GROUP      VODUSD EU  121221354437.23   218341988365.64
ROYAL BK SCOTLAN    RBSPF US   117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBS PZ     117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBSUSD EO  117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBOS VX    117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBS NQ     117325833278.06  3500407622928.13
THOMSON REUT-ADR    RTGA GR        20198000640       35742998528
BHP BILLITON PLC    BLTEUR EU      39042998272       73288998912
ROYAL BANK-S ADR    RBS US     117325833278.06  3500407622928.13
TESCO PLC           TSCOI IX    18644447623.65    66074083090.13
ROYAL BK SCOTLAN    RBS EU     117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBS NR     117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBSGBP EO  117325833278.06  3500407622928.13
CARNIVAL PLC        CCLNOK EU      19097999360       35545001984
BAA PLC             BAA GR      14549051400.08    26442254238.24
ROYAL BK-VAL SHR    RBSVF US   117325833278.06  3500407622928.13
BARCLAYS PLC        BARC EU     69101530569.63  2992218237337.88
BG GROUP PLC        BG/USD EO   18778429381.14    36453485361.34
TESCO PLC           TSCO TQ     18644447623.65    66074083090.13
STANDARD CHARTER    STANEUR E      22695000064      435068010496
ASTRAZENECA-CED$    AZND AR        16060000256       46514999296
ROYAL BK SCOTLAN    RBSNOK EU  117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBSNOK EO  117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBS PO     117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBS BQ     117325833278.06  3500407622928.13
ROYAL BK SCT-PFD    RLSOF US   117325833278.06  3500407622928.13
BANK OF SCOTLAND    BSLDF US    17380687552.39   938597878502.38
ROYAL BK SCOTLAN    RBSPEN EU  117325833278.06  3500407622928.13
SHELL TRANSP-C/E    SCC AR      36238272086.29    78197530835.86
SHELL TRANS-ADR     2269952Q    36238272086.29    78197530835.86
SHELL TRANSP-C/E    903243Q A   36238272086.29    78197530835.86
UNILEVER PLC-ADR    UL US       14471533493.49    49585136559.41
SHELL TRANSP-ADR    QUNSTP AU   36238272086.29    78197530835.86
SHELL TRANSP-BR     64709Q GR   36238272086.29    78197530835.86
SHELL TRANSP-REG    SHEL LN     36238272086.29    78197530835.86
SHELL TRANSP-REG    SHEL PO     36238272086.29    78197530835.86
AVIVA PLC           AV/ BQ      21055044911.02   516774130437.91
SHELL TRANSP-REG    SHTCF US    36238272086.29    78197530835.86
SHELL TRANS-CED$    903239Q A   36238272086.29    78197530835.86
SHELL TRANS-CERT    SHL BB      36238272086.29    78197530835.86
SHELL TRANS-ADR     SHE$ LN     36238272086.29    78197530835.86
SHELL TRANS-ADR     SCN MM      36238272086.29    78197530835.86
SHELL TRANS-OLD     1008Q BB    36238272086.29    78197530835.86
SHELL TRANSP        SCT BB      36238272086.29    78197530835.86
SHELL TRANS-CERT    SCBR IX     36238272086.29    78197530835.86
AVIVA PLC           AV/USD EO   21055044911.02   516774130437.91
RIO TINTO PLC       RIO EU         22460999680       89615998976
BARCLAYS PLC-ADR    BAR$ LN     69101530569.63  2992218237337.88
RIO TINTO-ASSD      RIOA LN        22460999680       89615998976
VODAFONE GROUP      VOD NR     121221354437.23   218341988365.64
VODAFONE GROUP      VODUSD EO  121221354437.23   218341988365.64
ANGLO AMER PLC      AGL SJ         21756000256       49737998336
VODAFONE GROUP      VOD VX     121221354437.23   218341988365.64
THOMSON REUT PLC    TRIL BQ        20198000640       35742998528
BG GROUP PLC        BRGXF US    18778429381.14    36453485361.34
VODAFONE -CED $     VODFD AR   121221354437.23   218341988365.64
SHELL TRANSP-REG    SHEL VX     36238272086.29    78197530835.86
SHELL TRANSPORT     SHEB LN     36238272086.29    78197530835.86
VODAFONE -CED BL    VODFB AR   121221354437.23   218341988365.64
HSBC HOLDING-NPR    HBCZF US      100228997120     2527465046016
UNILEVER PLC        ULVR EO     14471533493.49    49585136559.41
STANDARD CHARTER    STANHKD E      22695000064      435068010496
SABMILLER PLC       SABEUR EO      16113000448       31619000320
SABMILLER-SP ADR    BRW GR         16113000448       31619000320
BP PLC              BPE5 GR        92108996608      223203000320
SABMILLER-ADR       SBWUY US       16113000448       31619000320
ZENECA GROUP-ADR    ZEN$ LN        16060000256       46514999296
AVIVA PLC           AV/PEN EO   21055044911.02   516774130437.91
RTZ CORP-B          RTZB LN        22460999680       89615998976
RIO TINTO PLC-CT    RIO1 EO        22460999680       89615998976
ROYAL BK SCOTLAN    RBSA IX    117325833278.06  3500407622928.13
SABMILLER PLC       SAB NQ         16113000448       31619000320
SABMILLER PLC       SAB PZ         16113000448       31619000320
TESCO PLC           TSCO LN     18644447623.65    66074083090.13
SABMILLER PLC       SAB NR         16113000448       31619000320
SABMILLER PLC       SAB LN         16113000448       31619000320
SABMILLER PLC       SBMRF US       16113000448       31619000320
CGU PLC-PFD         CGUA LN     21055044911.02   516774130437.91
VODAFONE GROUP      VOD IX     121221354437.23   218341988365.64
BAA AIRPORTS LTD    BAA LN      14549051400.08    26442254238.24
SHELL TRA-CEDEAR    903227Q A   36238272086.29    78197530835.86
THOMSON REUT PLC    TRILUSD E      20198000640       35742998528
SHELL TRA-CEDEAR    SC AR       36238272086.29    78197530835.86
BHP BILLITON PLC    BLTAUD EO      39042998272       73288998912
SHELL TRANS &       SHTCF CN    36238272086.29    78197530835.86
SHELL TRANS         SV FP       36238272086.29    78197530835.86
SHELL TRANS         865288Q G   36238272086.29    78197530835.86
STANDARD CHARTER    STANNOK E      22695000064      435068010496
THOMSON REUT PLC    TRILEUR E      20198000640       35742998528
BP PLC              BPAQF US       92108996608      223203000320
BARCLAYS PLC        BARC NQ     69101530569.63  2992218237337.88
RIO TINTO-IDR       QUNRTPF A      22460999680       89615998976
RIO TINTO PLC       RIOEUR EU      22460999680       89615998976
ROYAL BANK -SUB     3042034Z   117325833278.06  3500407622928.13
BP PLC-SPONS ADR    BSU GR         92108996608      223203000320
HBOS PLC            HBOS VX     19674791962.69  1005554016859.44
RTZ CORP-ADR        RTZ US         22460999680       89615998976
ANGLO AMER PLC      ANM NW         21756000256       49737998336
HBOS PLC            3169136Q    19674791962.69  1005554016859.44
BP PLC              BP/PEN EU      92108996608      223203000320
HBOS PLC            HB7 GR      19674791962.69  1005554016859.44
HBOS PLC            HBOS IX     19674791962.69  1005554016859.44
HBOS PLC            3169104Q    19674791962.69  1005554016859.44
HBOS PLC -FPR       HBOF LN     19674791962.69  1005554016859.44
HSBC HLDGS PLC      HBC IX        100228997120     2527465046016
HBOS PLC            HBOS EB     19674791962.69  1005554016859.44
HBOS PLC            3169140Q    19674791962.69  1005554016859.44
HBOS PLC            3169092Q    19674791962.69  1005554016859.44
ASTRAZENECA PLC     AZN NR         16060000256       46514999296
HBOS - SUB SHRS     3105071Z    19674791962.69  1005554016859.44
HBOS PLC            HBOS TQ     19674791962.69  1005554016859.44
BP PLC              BP/EUR EO      92108996608      223203000320
AVIVA PLC           AV/ LN      21055044911.02   516774130437.91
REUTERS - $US       RTRSYD AR      20198000640       35742998528
HBOS PLC            HBOS NQ     19674791962.69  1005554016859.44
HBOS PLC            HBOS BQ     19674791962.69  1005554016859.44
HSBC HLDGS-C/E      HBCC AR       100228997120     2527465046016
HBOS PLC            3169116Q    19674791962.69  1005554016859.44
HBOS PLC            HBOS PZ     19674791962.69  1005554016859.44
HBOS PLC            HBOSI IX    19674791962.69  1005554016859.44
HSBC HLDGS PLC      HBCYF US      100228997120     2527465046016
HSBC HLDGS PLC      HSBAUSD E     100228997120     2527465046016
SHELL TRANSP-REG    SHE1 GR     36238272086.29    78197530835.86
HSBC HLDG-SH GBP    43806Q HK     100228997120     2527465046016
HSBC HLDGS PLC      HSB LN        100228997120     2527465046016
HSBC HLDGS PLC      5 HK          100228997120     2527465046016
HSBC HLDGS PLC      HKS LI        100228997120     2527465046016
STANDARD CHARTER    2888 HK        22695000064      435068010496
HSBC HLDGS PLC      HSBAGBP E     100228997120     2527465046016
HSBC HLDGS PLC      HSBAPEN E     100228997120     2527465046016
HSBC HLDGS PLC      HSBC SP       100228997120     2527465046016
HBOS PLC-ADR        HBOOYN MM   19674791962.69  1005554016859.44
HBOS PLC-ADR        HBOOY US    19674791962.69  1005554016859.44
HBOS- EXCESS SHR    3107012Z    19674791962.69  1005554016859.44
HBOS PLC -NPR       HBON IX     19674791962.69  1005554016859.44
HBOS PLC -NPR       2914568Q    19674791962.69  1005554016859.44
HBOS PLC -NPR       HBON LN     19674791962.69  1005554016859.44
P & O PRINCESS C    POCGF US       19097999360       35545001984
RTZ CORP-OLD        RTZC BB        22460999680       89615998976
BG GROUP PLC        BG IX       18778429381.14    36453485361.34
HSBC HOLDING-NPR    3261233Q      100228997120     2527465046016
ROYAL BANK-NPR      RBSN LN    117325833278.06  3500407622928.13
ROYAL BK SCOTLAN    RBSPEN EO  117325833278.06  3500407622928.13
BHP BILLITON PLC    BLT EO         39042998272       73288998912
ANGLO AMER PLC      AAL EU         21756000256       49737998336
THOMSON REUT PLC    TRIL EU        20198000640       35742998528
BG GROUP PLC        BG/ EO      18778429381.14    36453485361.34
TESCO PLC           TSCO NR     18644447623.65    66074083090.13
HSBC HOLDING-NPR    3261225Q      100228997120     2527465046016
ROYAL BANK OF SC    RBSF LN    117325833278.06  3500407622928.13
AVIVA PLC           AV IX       21055044911.02   516774130437.91
HSBC HLDGS PLC      HSBA PZ       100228997120     2527465046016
HSBC HLDGS PLC      HSBANOK E     100228997120     2527465046016
STANDARD CHARTER    SCNP LN        22695000064      435068010496
RIO TINTO PLC       RIOG IX        22460999680       89615998976
BARCLAYS PLC        BARC NR     69101530569.63  2992218237337.88
BHP BILLITON PLC    BIL GR         39042998272       73288998912
HBOS PLC            3169080Q    19674791962.69  1005554016859.44
O2 PLC              OOTFF US    19414126331.11    25534022171.02
HSBC HOLDING-NPR    3261229Q      100228997120     2527465046016
ANGLO AMER-ADR      NGLC GR        21756000256       49737998336
O2 PLC              OOM-W US    19414126331.11    25534022171.02
UNILEVER PLC        UNVB GR     14471533493.49    49585136559.41
SABMILLER PLC       SABUSD EO      16113000448       31619000320
BP PLC              BP/USD EO      92108996608      223203000320
HSBC HLDGS PLC      HSBANOK E     100228997120     2527465046016
BARCLAYS PLC-ADR    BCS US      69101530569.63  2992218237337.88
BHP BILLITON PLC    BLT LN         39042998272       73288998912
RIO TINT0-ASSD      RIOB LN        22460999680       89615998976
ROYAL BK SCOTLAN    RBSEUR EU  117325833278.06  3500407622928.13
VODAFONE GROUP      VODGBP EO  121221354437.23   218341988365.64
BARCLAYS PLC        BCSYF US    69101530569.63  2992218237337.88
BANK OF SCOTLAND    126000Q G   17380687552.39   938597878502.38
UNILEVER PLC        UNVA GR     14471533493.49    49585136559.41
BP AMOCO-8%         BP/A LN        92108996608      223203000320
RIO TINTO PLC       RIOUSD EO      22460999680       89615998976
ANGLO AMER PLC      AALEUR EU      21756000256       49737998336
THOMSON REUT-ADR    83VB LN        20198000640       35742998528
BHP BILLITON PLC    BLT BQ         39042998272       73288998912
BZW EQ TSCO         BZQA LN     18644447623.65    66074083090.13
SHELL TRANSP-BR     SHTDF US    36238272086.29    78197530835.86
ANGLO AMER PLC      AALCHF EU      21756000256       49737998336
BP AMOCO PLC-ADR    BP/$ LN        92108996608      223203000320
BAA PLC             BAAG IX     14549051400.08    26442254238.24
VODAFONE GROUP      VODEUR EO  121221354437.23   218341988365.64
SABMILLER -REG S    SBMQY US       16113000448       31619000320
ROYAL BK SCOTLAN    RBSEUR EO  117325833278.06  3500407622928.13
ASTRAZENECA PLC     AZNUSD EO      16060000256       46514999296
ROYAL BK SC-ADR     2268650Q   117325833278.06  3500407622928.13
RIO TINTO PLC       RIOUSD EU      22460999680       89615998976
HSBC HLDGS PLC      HSBAPEN E     100228997120     2527465046016
AVIVA PLC           CUAC IX     21055044911.02   516774130437.91
O2 PLC              OOM LN      19414126331.11    25534022171.02
SHELL TRANS &T-R    SC SW       36238272086.29    78197530835.86
BP PLC              BP/PEN EO      92108996608      223203000320
BP PLC              BPAM SW        92108996608      223203000320
CARNIVAL PLC        CCLUSD EO      19097999360       35545001984
ASTRAZENECA PLC     ZEG GR         16060000256       46514999296
AVIVA PLC           AV/ NR      21055044911.02   516774130437.91
VODAFONE -CED CE    VODC AR    121221354437.23   218341988365.64
STANDARD CHARTER    STANUSD E      22695000064      435068010496
TESCO PLC-ADR       TSC$ LN     18644447623.65    66074083090.13
VODAFONE GROUP      VOD EU     121221354437.23   218341988365.64
BAA PLC - ASSD      BAAB LN     14549051400.08    26442254238.24
AVIVA PLC           AV/TRY EU   21055044911.02   516774130437.91
VODAFONE GROUP      VODE GR    121221354437.23   218341988365.64
UNILEVER PLC        ULVRGBP E   14471533493.49    49585136559.41
ANGLO AMER-ADR      AAUKD US       21756000256       49737998336
O2 PLC              ORU GR      19414126331.11    25534022171.02
SOU AFR BR-REG S    SBWQY US       16113000448       31619000320
SABMILLER-SP ADR    SBMRY US       16113000448       31619000320
ASTRAZENECA PLC     AZN PZ         16060000256       46514999296
BAA PLC-ADR         BAAPY LI    14549051400.08    26442254238.24
STANDARD CHARTER    STAN LN        22695000064      435068010496
AVIVA PLC           AIVAFN MM   21055044911.02   516774130437.91
AVIVA PLC           AV/ EO      21055044911.02   516774130437.91
THOMSON REUT PLC    TRIL PZ        20198000640       35742998528
BAA PLC             BAAPF US    14549051400.08    26442254238.24
ANGLO AMER-ADR      AAUKDN MM      21756000256       49737998336
AVIVA PLC           AV PZ       21055044911.02   516774130437.91
AVIVA PLC           AVIV FP     21055044911.02   516774130437.91
AVIVA PLC           AIVAF US    21055044911.02   516774130437.91
SHELL TRANS-CERT    SC BB       36238272086.29    78197530835.86
AVIVA PLC           AV/PEN EU   21055044911.02   516774130437.91
AVIVA PLC           CUAC FP     21055044911.02   516774130437.91
BHP BILLITON PLC    BIL FP         39042998272       73288998912
RIO TINTO-ADR       RTPN MM        22460999680       89615998976
BG GROUP PLC        BG/ BQ      18778429381.14    36453485361.34
BARCLAYS PLC        BARCPEN E   69101530569.63  2992218237337.88
SHELL TRAN-BLOCK    SCB AR      36238272086.29    78197530835.86
VODAFONE -CED CE    VODFC AR   121221354437.23   218341988365.64
VODAFONE -CED $     VODD AR    121221354437.23   218341988365.64
SHELL TRANSP-BR     SHEB PO     36238272086.29    78197530835.86
BG GROUP PLC        BG/PEN EU   18778429381.14    36453485361.34
HSBC HLDGS PLC      HSBA TQ       100228997120     2527465046016
O2 PLC-ASSENTED     OOMB LN     19414126331.11    25534022171.02
ROYL BK SCOT-ADR    RBSPRYN M  117325833278.06  3500407622928.13
HSBC HLDGS PLC      HSBDF US      100228997120     2527465046016
HSBC HLDGS PLC      48GC LI       100228997120     2527465046016
HSBC HLDGS-$US      HBCD AR       100228997120     2527465046016
HSBC HLDGS PLC      HSBA EU       100228997120     2527465046016
HSBC HLDGS PLC      HSBAEUR B     100228997120     2527465046016
HSBC HLDGS PLC      HBCXF US      100228997120     2527465046016
HSBC HOLDING-ADR    HBC US        100228997120     2527465046016
HSBC HOLDING-ADR    HBCN MM       100228997120     2527465046016
BAA PLC-ASSD        BAAD LN     14549051400.08    26442254238.24
BG GROUP PLC-CE$    BRGD AR     18778429381.14    36453485361.34
HSBC HOLDING-ADR    AP52 LI       100228997120     2527465046016
HSBC HOLDING-ADR    QUNHBC AU     100228997120     2527465046016
HSBC HLDGS PLC      HBC1 GR       100228997120     2527465046016
HSBC HLDGS PLC      HSBI LI       100228997120     2527465046016
HSBC HLDGS PLC      HBCG IX       100228997120     2527465046016
HSBC HLDGS PLC      HSBA PO       100228997120     2527465046016
HSBC HLDGS PLC      HSBA EB       100228997120     2527465046016
HSBC HLDGS PLC      HSBA LN       100228997120     2527465046016
HSBC HLDGS PLC      HSBA NR       100228997120     2527465046016
HSBC HLDGS PLC      HSBAEUR E     100228997120     2527465046016
HSBC HLDGS PLC      HSBA EO       100228997120     2527465046016
HSBC HLDGS PLC      HSBAUSD E     100228997120     2527465046016
VODAFONE AIRTOUC    VODFF US   121221354437.23   218341988365.64
HSBC HLDGS PLC      HSBAHKD E     100228997120     2527465046016
HBOS PLC            HBOS LN     19674791962.69  1005554016859.44
BAA PLC-ASSD        BAAC LN     14549051400.08    26442254238.24
ASTRAZENECA PLC     AZNSEK EO      16060000256       46514999296
ROYAL BK SCOTLAN    RBS VX     117325833278.06  3500407622928.13
BHP BILLITON PLC    BLT NR         39042998272       73288998912
BAA PLC             BAA VX      14549051400.08    26442254238.24
BAA PLC             549340Q C   14549051400.08    26442254238.24
BAA PLC             BAA AU      14549051400.08    26442254238.24
BAA PLC-ASSD        BAAA LN     14549051400.08    26442254238.24
BAA PLC             BAA IX      14549051400.08    26442254238.24
HBOS PLC            3169124Q    19674791962.69  1005554016859.44
HSBC HOLDING-FPR    3261289Q      100228997120     2527465046016
HSBC HOLDING-NPR    2997 HK       100228997120     2527465046016
HSBC HOLDING-NPR    HSBN LN       100228997120     2527465046016
HSBC HOLDING-FPR    HSBF PZ       100228997120     2527465046016
HSBC HOLDING-FPR    HSBFGBP E     100228997120     2527465046016
HSBC HOLDING-FPR    3261293Q      100228997120     2527465046016
HSBC HOLDING-NPR    HSBN PZ       100228997120     2527465046016
HSBC HOLDINGS       HSBC LN       100228997120     2527465046016
RIO TINTO PLC       RIO NQ         22460999680       89615998976
HSBC HOLDING-NPR    3261221Q      100228997120     2527465046016
HSBC HOLDING-NPR    3261237Q      100228997120     2527465046016
ROYAL BK SCOTLAN    RYLSF US   117325833278.06  3500407622928.13
BP AMOCO PLC-ADR    BPA/U CN       92108996608      223203000320
BP AMOCO PLC-CED    BPA AR         92108996608      223203000320
BP AMOCO PLC        BPA LN         92108996608      223203000320
BP AMOCO PLC        BPAOF US       92108996608      223203000320
AVIVA PLC           AV/ NQ      21055044911.02   516774130437.91
BP PLC              BP/ EO         92108996608      223203000320
BP PLC              BP/EUR BQ      92108996608      223203000320
BP PLC              BP/ PO         92108996608      223203000320
BP AMOCO PLC-CED    BP AR          92108996608      223203000320
CARNIVAL PLC        POH1 GR        19097999360       35545001984
BP PLC              BP IX          92108996608      223203000320
BILLITON PLC        754947Q U      39042998272       73288998912
BILLITON PLC        BLTOF US       39042998272       73288998912
BILLITON PLC-ADR    BLTOY US       39042998272       73288998912
BHP BILLITON PLC    BLT EU         39042998272       73288998912
BHP BILLITON-ADR    BIL1 GR        39042998272       73288998912
BHP BILLITON-ADR    BHPAY US       39042998272       73288998912
BP AMOCO -CED BL    BPB AR         92108996608      223203000320
BP AMOCO -CED BL    BPAB AR        92108996608      223203000320
BP AMOCO -CED CE    BPC AR         92108996608      223203000320
AVIVA PLC           AV/EUR EO   21055044911.02   516774130437.91
AVIVA PLC           AV/TRY EO   21055044911.02   516774130437.91
BP AMOCO -CED $     BPAD AR        92108996608      223203000320
BP PLC              BP/ NQ         92108996608      223203000320
BP PLC-ADR          BPN MM         92108996608      223203000320
BP PLC              BP/JPY EO      92108996608      223203000320
BP PLC              BPET FP        92108996608      223203000320
BP PLC              BP/ BQ         92108996608      223203000320
UNILEVER PLC        ULVR LN     14471533493.49    49585136559.41
BP PLC-DEUT CT      BPE GR         92108996608      223203000320
BP PLC-DEUT CT      BPEG IX        92108996608      223203000320
BP PLC-ADR          BP US          92108996608      223203000320
BP PLC-ADR          BPA$ LN        92108996608      223203000320
BP PLC-DEUT CT      BPE EU         92108996608      223203000320
SABMILLER - 144A    SBMXY US       16113000448       31619000320
BP PLC              BPII IX        92108996608      223203000320
BP PLC              BP/ EB         92108996608      223203000320
BP PLC              BP/USD EU      92108996608      223203000320
BP PLC              BP PZ          92108996608      223203000320
BP PLC              BP/ LN         92108996608      223203000320
BP PLC              BP/ TQ         92108996608      223203000320
BP PLC              BP/GBP EO      92108996608      223203000320
BP PLC              BP/EUR EU      92108996608      223203000320
BP PLC              BP/JPY EU      92108996608      223203000320
BP PLC              BP/ VX         92108996608      223203000320
HBOS PLC            HBOS NR     19674791962.69  1005554016859.44
BG GROUP PLC        BG/USD EU   18778429381.14    36453485361.34
BG GROUP PLC        BG PZ       18778429381.14    36453485361.34
BG GROUP PLC        BG/ PO      18778429381.14    36453485361.34
BG GROUP PLC        BG/EUR EU   18778429381.14    36453485361.34
BG GROUP PLC        94683Q US   18778429381.14    36453485361.34
BG GROUP PLC        BG/EUR EO   18778429381.14    36453485361.34
BG GROUP PLC        BG/ EB      18778429381.14    36453485361.34
BG GROUP PLC        BG/ NQ      18778429381.14    36453485361.34
ROYAL BANK-S ADR    RBS-W US   117325833278.06  3500407622928.13
BG GROUP PLC        BG/GBP EO   18778429381.14    36453485361.34
RIO TINTO PLC-CT    RIO GR         22460999680       89615998976
BG GROUP PLC        BG/ EU      18778429381.14    36453485361.34
BARCLAYS-CED C/E    BCSC AR     69101530569.63  2992218237337.88
ROYAL BANK-NPR      RYLBF US   117325833278.06  3500407622928.13
VODAFONE GRP-ADR    VOD US     121221354437.23   218341988365.64
AVIVA PLC           GU8 ID      21055044911.02   516774130437.91
UNILEVER PLC        ULVRUSD E   14471533493.49    49585136559.41
HSBC HLDGS-CED      HBC AR        100228997120     2527465046016
BARCLAYS PLC        BARCPEN E   69101530569.63  2992218237337.88
BG GROUP PLC        BG/ VX      18778429381.14    36453485361.34
BG GROUP PLC        BGO GR      18778429381.14    36453485361.34
RIO TINTO PLC       RIONOK EU      22460999680       89615998976
BG PLC-ADR          225730Q C   18778429381.14    36453485361.34
BP PLC              BP/ EU         92108996608      223203000320
BHP BILLITON PLC    BLT EB         39042998272       73288998912
BHP BILLITON PLC    BLTGBP EO      39042998272       73288998912
BHP BILLITON PLC    BLT PZ         39042998272       73288998912
BHP BILLITON PLC    BLT VX         39042998272       73288998912
RIO TINTO-ASSD      RIOC LN        22460999680       89615998976
BHP BILLITON PLC    BLTG IX        39042998272       73288998912
BHP BILLITON PLC    BLTZAR EU      39042998272       73288998912
BHP BILLITON PLC    BLT IX         39042998272       73288998912
BHP BILLITON PLC    BLTEUR EO      39042998272       73288998912
BHP BILLITON PLC    BLTUSD EO      39042998272       73288998912
BHP BILLITON PLC    BHPBF US       39042998272       73288998912
BG GROUP PLC-ADR    BRG US      18778429381.14    36453485361.34
BG GROUP PLC-CED    BRG AR      18778429381.14    36453485361.34
BG GROUP-CED BLK    BRGB AR     18778429381.14    36453485361.34
BG GROUP PLC-ADR    BG/$ LN     18778429381.14    36453485361.34
BG GROUP PLC-ADR    BRGN MM     18778429381.14    36453485361.34
BG GROUP PLC-ADR    BGOA GR     18778429381.14    36453485361.34
BHP BILLITON PLC    BLTPEN EU      39042998272       73288998912
BHP BILLITON PLC    BLTSEK EO      39042998272       73288998912
BHP BILLITON PLC    BLT NQ         39042998272       73288998912
BG GROUP-CED C/E    BRGC AR     18778429381.14    36453485361.34
BG PLC-B            BG/B LN     18778429381.14    36453485361.34
BHP BILLITON PLC    BLT PO         39042998272       73288998912
TESCO PLC           TSCO NQ     18644447623.65    66074083090.13
RIO TINTO PLC       RIONOK EO      22460999680       89615998976
ANGLO AMER PLC      AALZAR EU      21756000256       49737998336
BARCLAYS PLC        BARC LN     69101530569.63  2992218237337.88
BARCLAYS PLC        BARC PZ     69101530569.63  2992218237337.88
BARCLAYS PLC        BARC EB     69101530569.63  2992218237337.88
ROYAL BANK OF SC    RBSF IX    117325833278.06  3500407622928.13
STANDARD CHARTER    STANEUR E      22695000064      435068010496
ROYAL BK-VAL SHR    RBOA LN    117325833278.06  3500407622928.13
BRITOIL PLC         BTOL LN        92108996608      223203000320
HSBC HLDGS PLC      HSBAEUR E     100228997120     2527465046016
HBOS PLC            3169120Q    19674791962.69  1005554016859.44
BARCLAYS PLC        BARC EO     69101530569.63  2992218237337.88
BARCLAYS PLC        BARC VX     69101530569.63  2992218237337.88
BARCLAYS PLC        BARC PO     69101530569.63  2992218237337.88
BARCLAYS PLC        BARC IX     69101530569.63  2992218237337.88
HONG KONG & SHAN    HKSBY US      100228997120     2527465046016
BARCLAYS PLC        BARCEUR E   69101530569.63  2992218237337.88
BARCLAYS PLC        BARCEUR E   69101530569.63  2992218237337.88
BARCLAYS PLC        8642 JP     69101530569.63  2992218237337.88
BARCLAYS PLC        BARCUSD E   69101530569.63  2992218237337.88
BARCLAYS PLC        BCYG IX     69101530569.63  2992218237337.88
BARCLAYS PLC        BARCUSD E   69101530569.63  2992218237337.88
BARCLAYS PLC        BARC BQ     69101530569.63  2992218237337.88
THOMSON REUT PLC    TRIL LN        20198000640       35742998528
SABMILLER PLC       SAB TQ         16113000448       31619000320
RIO TINTO PLC       RIOAUD EO      22460999680       89615998976
BHP BILLITON PLC    BLTAUD EU      39042998272       73288998912
VODAFONE GR-CED     VODF AR    121221354437.23   218341988365.64
ROYAL BK SCOTLAN    RBSUSD EU  117325833278.06  3500407622928.13
TESCO PLC           TSCO ID     18644447623.65    66074083090.13
HSBC HOLDING-NPR    HBC4 GR       100228997120     2527465046016
TESCO PLC           TCO GR      18644447623.65    66074083090.13
HBOS PLC -NPR       HBON PZ     19674791962.69  1005554016859.44
THOMSON REUTERS     TRIL NR        20198000640       35742998528
BANK OF SCOTLAND    BSCT LN     17380687552.39   938597878502.38
BANK OF SCOTLAND    BSCT VX     17380687552.39   938597878502.38
ANGLO AMER PLC      ANM BG         21756000256       49737998336
SABMILLER PLC       SAB VX         16113000448       31619000320
RIO TINTO PLC       RIO LN         22460999680       89615998976
BHP BILLITON PLC    BIL SJ         39042998272       73288998912
BARCLAYS PLC        BARC TQ     69101530569.63  2992218237337.88
ROYAL BANK OF SC    4QS GR     117325833278.06  3500407622928.13
RIO TINTO PLC-B     2670757Q       22460999680       89615998976
BANK OF SCOTL-PR    BSCA LN     17380687552.39   938597878502.38
BANK OF SCOT-ASX    BNS AU      17380687552.39   938597878502.38
SABMILLER PLC       SAB IX         16113000448       31619000320
CARNIVAL PLC        POH GR         19097999360       35545001984
CARNIVAL PLC        CCL BQ         19097999360       35545001984
CARNIVAL PLC        CCL EB         19097999360       35545001984
CARNIVAL PLC        CCLNOK EO      19097999360       35545001984
ROYAL BK-VAL SHR    RBSA LN    117325833278.06  3500407622928.13
CARNIVAL PLC        CCL VX         19097999360       35545001984
CARNIVAL PLC        CCL TQ         19097999360       35545001984
BP PLC              BP GR          92108996608      223203000320
CARNIVAL PLC        CCL IX         19097999360       35545001984
CARNIVAL PLC        CCLEUR EU      19097999360       35545001984
CARNIVAL PLC        CCL NQ         19097999360       35545001984
CARNIVAL PLC        CCL NR         19097999360       35545001984
BRIT PETRO-CDR      BP NA          92108996608      223203000320
BRIT PETROLEUM-R    BPETR FP       92108996608      223203000320
BHP BILLITON PLC    BLTPEN EO      39042998272       73288998912
BP PLC-SPONS ADR    BPYG IX        92108996608      223203000320
BRIT GAS-ADR        9571 JP     18778429381.14    36453485361.34
BRIT PETRO-ADR      BP CN          92108996608      223203000320
CARNIVAL PLC        CCL EO         19097999360       35545001984
CARNIVAL PLC        CCLGBP EO      19097999360       35545001984
CARNIVAL PLC        CUKPF US       19097999360       35545001984
BRITISH PETR-PRE    1217Q LN     23348157197.7    54179655059.71
BP PLC-SPONS ADR    BP/U CN        92108996608      223203000320
SABMILLER PLC       SAB SJ         16113000448       31619000320
ROYAL BANK OF SC    RBOS LN    117325833278.06  3500407622928.13
BARCLAYS PLC-ADR    BCY2 GR     69101530569.63  2992218237337.88
BARCLAYS-CED $US    BCSD AR     69101530569.63  2992218237337.88
ANGLO AMER PLC      AALCHF EO      21756000256       49737998336
BARCLAYS PLC-SUB    2873648Z    69101530569.63  2992218237337.88
ASTRAZENECA-SWED    AZNDF US       16060000256       46514999296
BAA PLC             BAA PO      14549051400.08    26442254238.24
STANDARD CHARTER    STANNOK E      22695000064      435068010496
MMO2 PLC            MMOTF US    19414126331.11    25534022171.02
STANDARD CHARTER    SCNP PZ        22695000064      435068010496
BARCLAYS PLC ADR    BAPLY US    69101530569.63  2992218237337.88
BP PLC              BPLC FP        92108996608      223203000320
CGNU PLC            CUNPF US    21055044911.02   516774130437.91
BARCLAYS-SP ADR     BCS-W US    69101530569.63  2992218237337.88
CARNIVAL PLC        CCL EU         19097999360       35545001984
CARNIVAL PLC-ADR    CUK US         19097999360       35545001984
CARNIVAL PLC-ADR    31FR LI        19097999360       35545001984
UNILEVER PLC        ULVR IX     14471533493.49    49585136559.41
ROYAL BK SCOTLAN    RYS GR     117325833278.06  3500407622928.13
RIO TINTO-CTFS      RIOS BB        22460999680       89615998976
CGU PLC             CGU LN      21055044911.02   516774130437.91
BARCLAYS-CEDEAR     BCS AR      69101530569.63  2992218237337.88
CGU PLC-PFD         CGUB LN     21055044911.02   516774130437.91
ASTRAZENECA PLC     AZN BY         16060000256       46514999296
ASTRAZENECA PLC     AZNCF US       16060000256       46514999296
ASTRAZENECA PLC     AZN NQ         16060000256       46514999296
BHP BILLITON-ADR    BBL US         39042998272       73288998912
ASTRAZENECA PLC     ZEGG IX        16060000256       46514999296
BARCLAYS PLC        BCLYF US    69101530569.63  2992218237337.88
P&O PRINCESS-ASD    PAO LN         19097999360       35545001984
BHP BILLITON PLC    BLTSEK EU      39042998272       73288998912
STANDARD CHARTER    STAN VX        22695000064      435068010496
P&O PRINCESS-ASD    POCA LN        19097999360       35545001984
HSBC HOLDING-ADR    HBC2 GR       100228997120     2527465046016
BARCLAYS PLC        BCY GR      69101530569.63  2992218237337.88
AVIVA PLC           AV/GBP EO   21055044911.02   516774130437.91
HSBC HOLDINGS PL    3239224Z      100228997120     2527465046016
ASTRAZENECA-ADR     QUNAZN AU      16060000256       46514999296
REUTERS GRP PLC     RTR LN         20198000640       35742998528
ASTRAZENECA PLC     AZN PO         16060000256       46514999296
ASTRAZENECA PLC     AZNCAD EU      16060000256       46514999296
AVIVA PLC           AV/ VX      21055044911.02   516774130437.91
BP PLC              BP/ NR         92108996608      223203000320
ASTRAZENECA PLC     AZN SS         16060000256       46514999296
ASTRAZENECA PLC     AZNSEK EB      16060000256       46514999296
ASTRAZENECA PLC     AZNEUR EO      16060000256       46514999296
P & O PRIN-ADR      POC US         19097999360       35545001984
UNILEVER PLC        ULVR NQ     14471533493.49    49585136559.41
O2 PLC              OOM VX      19414126331.11    25534022171.02
SABMILLER PLC       BRW1 GR        16113000448       31619000320
ASTRAZENECA PLC     AZN TQ         16060000256       46514999296
ASTRAZENECA PLC     AZNCAD EO      16060000256       46514999296
AVIVA PLC           AV/ PO      21055044911.02   516774130437.91
ASTRAZENECA PLC     AZNSEK NQ      16060000256       46514999296
ASTRAZENECA PLC     AZNGBP EO      16060000256       46514999296
ASTRAZENECA PLC     AZN VX         16060000256       46514999296
P&O PRINCESS CR     POC LN         19097999360       35545001984
CARNIVAL PLC        CCLEUR EO      19097999360       35545001984
P & O PRINCESS      POC VX         19097999360       35545001984
BHP BILLITON PLC    BLTUSD EU      39042998272       73288998912
ASTRAZENECA PLC     AZN BQ         16060000256       46514999296
ASTRAZENECA-ADR     AZN$ LN        16060000256       46514999296
ROYAL BK SCOTLAN    RYSG IX    117325833278.06  3500407622928.13
ASTRAZENECA-BLOC    AZNB AR        16060000256       46514999296
BP AMOCO PLC        BPAMC NA       92108996608      223203000320
AVIVA PLC           GU8 PO      21055044911.02   516774130437.91
RACAL TELEC-ADR     RCT$ LN    121221354437.23   218341988365.64
O2 PLC-ADR          OOM US      19414126331.11    25534022171.02
RACAL TELEC-ADR     2851555Z   121221354437.23   218341988365.64
HSBC HLDGS PLC      HSBAHKD E     100228997120     2527465046016
ASTRAZENECA PLC     AZN EO         16060000256       46514999296
BAA PLC-ADR         BAAPY US    14549051400.08    26442254238.24
ASTRAZENECA-CEDE    AZN AR         16060000256       46514999296
BG GROUP PLC-ADR    BRGYY US    18778429381.14    36453485361.34
O2 PLC              OOM PO      19414126331.11    25534022171.02
AVIVA PLC           AV/EUR EU   21055044911.02   516774130437.91
ROYAL BK SCOTLAN    RBS TQ     117325833278.06  3500407622928.13
ASTRAZENECA-ADR     AZN US         16060000256       46514999296
SABMILLER PLC       SAB EB         16113000448       31619000320
O2 PLC-ADR          MM1A GR     19414126331.11    25534022171.02
RBS GRP LEHMAN      69533Q LN  117325833278.06  3500407622928.13
ASTRAZENECA-ADR     ZEGA GR        16060000256       46514999296
AVIVA PLC           AV/ TQ      21055044911.02   516774130437.91
RIO TINTO-NPR       RION LN        22460999680       89615998976
ROYAL BK SCOTLAN    RBS EB     117325833278.06  3500407622928.13
ASTRAZENECA PLC     AZN EB         16060000256       46514999296
AVIVA PLC           AV/ EB      21055044911.02   516774130437.91
STANDARD CHARTER    STAN IX        22695000064      435068010496
AVIVA PLC           AV/SEK EO   21055044911.02   516774130437.91
ASTRAZENECA-C/E$    AZNC AR        16060000256       46514999296
TESCO PLC           TSCO VX     18644447623.65    66074083090.13
RIO TINTO PLC       RIOCAD EO      22460999680       89615998976
HSBC HLDGS PLC      HSB FP        100228997120     2527465046016
HBOS PLC            HBOS PO     19674791962.69  1005554016859.44
ASTRAZENECA PLC     AZNI IX        16060000256       46514999296
ANGLO AMER-ADR      NGLA GR        21756000256       49737998336
ASTRAZENECA PLC     AZNSEK TQ      16060000256       46514999296
BG GROUP PLC        BG/ TQ      18778429381.14    36453485361.34
BARCLAYS PLC        BAPLF US    69101530569.63  2992218237337.88
THOMSON REUT PLC    T59 GR         20198000640       35742998528


ITALY
-----
FIAT SPA            FNOK EO     15488670713.98    83060364941.35
ENI SPA             ENIGBX EO   67683583085.92   139482095098.57
FIAT SPA            F IM        15488670713.98    83060364941.35
FIAT SPA            FIA LI      15488670713.98    83060364941.35
FIAT SPA            FIA IX      15488670713.98    83060364941.35
FIAT SPA            FSOR FP     15488670713.98    83060364941.35
FIAT SPA            FAUD EU     15488670713.98    83060364941.35
FIAT SPA            F EO        15488670713.98    83060364941.35
FIAT SPA -PFD       FP1GBX EO   15488670713.98    83060364941.35
BANCA INTESA SPA    987072Z I   69837848498.19   845716102931.17
FIAT SPA -PFD       FPI PZ      15488670713.98    83060364941.35
FIAT SPA -PFD       FP1 EU      15488670713.98    83060364941.35
GENERALI ASSIC      GGBX EO     21588843731.51   506721532021.33
FIAT SPA-ADR SAV    FIA/PA US   15488670713.98    83060364941.35
TELECOM ITALIA S    TITCHF EO   37470835488.25   111876435813.58
FIAT SPA-ADR PRF    FIAYY US    15488670713.98    83060364941.35
FIAT SPA-ADR SAV    FIAZY US    15488670713.98    83060364941.35
FIAT SPA            FIAT GR     15488670713.98    83060364941.35
ENI SPA             ENIS GR     67683583085.92   139482095098.57
FIAT SPA            FAUD EO     15488670713.98    83060364941.35
FIAT SPA            FIADF US    15488670713.98    83060364941.35
BANCA MONTE DEI     MPI VX      21072587092.39   274655591802.42
FIAT SPA -PFD       FP1 NR      15488670713.98    83060364941.35
FIAT SPA -PFD       FP1GBX EU   15488670713.98    83060364941.35
FIAT SPA            FGBX EU     15488670713.98    83060364941.35
FIAT SPA            FGBX EO     15488670713.98    83060364941.35
ENI SPA             ENI1 PZ     67683583085.92   139482095098.57
ENI SPA             ENIAUD EO   67683583085.92   139482095098.57
ENI SPA             ENIUSD EO   67683583085.92   139482095098.57
ENI SPA             EIPAF US    67683583085.92   139482095098.57
ENI SPA             ENICHF EU   67683583085.92   139482095098.57
ENI SPA             ENIUSD EU   67683583085.92   139482095098.57
ENI SPA             ENI NR      67683583085.92   139482095098.57
ENI SPA             ENI IX      67683583085.92   139482095098.57
ENI SPA             ENI NA      67683583085.92   139482095098.57
OLIVETTI-CTF RTS    OLS32 BB    37470835488.25   111876435813.58
ENEL SPA            ENEL EO     36688099567.17   177838703510.94
ENEL SPA - ADR      ENSTY US    36688099567.17   177838703510.94
ENEL SPA            ENEL EB     36688099567.17   177838703510.94
UNICREDITO SPA      UNCR IM     81259919126.21  1360299279506.23
ENEL SPA-AZIONIO    94073Z IM   36688099567.17   177838703510.94
ENI SPA             ENI GR      67683583085.92   139482095098.57
ENI SPA             ENI VX      67683583085.92   139482095098.57
ENI SPA             ENI EB      67683583085.92   139482095098.57
ENI SPA             ENI IM      67683583085.92   139482095098.57
FIAT SPA-ADR SAV    FIATN US    15488670713.98    83060364941.35
ENEL SPA - ADR      EN US       36688099567.17   177838703510.94
FIAT SPA -PFD       FP IM       15488670713.98    83060364941.35
OLIVETTI-RTS        OLI8 GR     37470835488.25   111876435813.58
UNICREDIT SPA       UNCFF US    81259919126.21  1360299279506.23
OLIVETTI-DR NC      OLNC BB     37470835488.25   111876435813.58
FIAT SPA            FIAA IX     15488670713.98    83060364941.35
FIAT SPA            F TQ        15488670713.98    83060364941.35
GENERALI ASSIC      G IM        21588843731.51   506721532021.33
OLIVETTI            OVT LN      37470835488.25   111876435813.58
ENI SPA             ENINOK EO   67683583085.92   139482095098.57
ENI SPA-ADR         E US        67683583085.92   139482095098.57
ENI SPA-CEDEAR      E AR        67683583085.92   139482095098.57
ENI SPA-ADR         ENZD LI     67683583085.92   139482095098.57
ENI SPA-ADR         EN MM       67683583085.92   139482095098.57
ENI SPA             ENIGBP EO   67683583085.92   139482095098.57
INTESA SANPAOLO     IAB LN      69837848498.19   845716102931.17
FIAT SPA-PRIV CT    FIA3 GR     15488670713.98    83060364941.35
UNICREDIT - RSP     UCGR IM     81259919126.21  1360299279506.23
TELECOM ITALIA S    TIT IM      37470835488.25   111876435813.58
TELECOM ITAL-RSP    TITRUSD E   37470835488.25   111876435813.58
TELECOM ITAL-RSP    TITRGBP E   37470835488.25   111876435813.58
TELECOM ITAL-RSP    TQIR GR     37470835488.25   111876435813.58
TELECOM ITALIA S    TLIT VX     37470835488.25   111876435813.58
FIAT SPA            F PZ        15488670713.98    83060364941.35
TELECOM ITAL-RSP    TLITN VX    37470835488.25   111876435813.58
BANCA MONTE-NEW     BMPS03 IM   21072587092.39   274655591802.42
TELECOM ITAL-RSP    TITRGBX E   37470835488.25   111876435813.58
OLIVETTI-RTS        OLSAO IM    37470835488.25   111876435813.58
TELECOM ITAL-RSP    TITRGBX E   37470835488.25   111876435813.58
TELECOM ITAL-RSP    TITR EO     37470835488.25   111876435813.58
TELECOM ITAL-RSP    TITR TQ     37470835488.25   111876435813.58
TELECOM ITALIA S    TIC AR      37470835488.25   111876435813.58
BANCA MONTE-RNC     75135Z IM   21072587092.39   274655591802.42
TELECOM ITALIA S    TITGBX EU   37470835488.25   111876435813.58
FIAT SPA-RSP        FRGBP EO    15488670713.98    83060364941.35
TELECOM ITALIA S    TIAOV US    37470835488.25   111876435813.58
TELECOM ITALIA S    TID AR      37470835488.25   111876435813.58
TELECOM ITALIA S    TIT NQ      37470835488.25   111876435813.58
TELECOM ITALIA S    TIT* MM     37470835488.25   111876435813.58
TELECOM ITALIA S    TITAUD EU   37470835488.25   111876435813.58
TELECOM ITALIA S    TITGBX EO   37470835488.25   111876435813.58
TELECOM ITALIA S    TITCHF EU   37470835488.25   111876435813.58
TELECOM ITALIA S    TITNOK EO   37470835488.25   111876435813.58
BANCA MONTE DEI     BPS LN      21072587092.39   274655591802.42
BANCA MONTE DEI     BMPSAUD E   21072587092.39   274655591802.42
BANCA MONTE DEI     BMPS TQ     21072587092.39   274655591802.42
BANCA MONTE- RTS    BPHG IX     21072587092.39   274655591802.42
BANCA MONTE DEI     BMPSGBX E   21072587092.39   274655591802.42
OLIVETTI            OLIV AV     37470835488.25   111876435813.58
BANCA MONTE DEI     BMPS IX     21072587092.39   274655591802.42
FIAT SPA            FCHF EO     15488670713.98    83060364941.35
BANCA MONTE DEI     BMPSCHF E   21072587092.39   274655591802.42
BANCA MONTE DEI     BMPSGBX E   21072587092.39   274655591802.42
UBI BANCA SCPA      UBI EB      17111123408.65   162023820492.16
BANCA MONTE DEI     BMPS NR     21072587092.39   274655591802.42
TELECOM ITAL-ADR    TQIA GR     37470835488.25   111876435813.58
TELECOM ITAL-ADR    TI/A/WD U   37470835488.25   111876435813.58
TELECOM ITA-CW07    TITR FP     37470835488.25   111876435813.58
TELECOM ITAL-RSP    TITRUSD E   37470835488.25   111876435813.58
TELECOM ITAL-RSP    TIAJF US    37470835488.25   111876435813.58
TELECOM ITAL-ADR    TIN MM      37470835488.25   111876435813.58
BANCA MONTE- RTS    BMPSAA IM   21072587092.39   274655591802.42
CREDITO ITALIANO    CIO LI      81259919126.21  1360299279506.23
ENI SPA-ADR         ENI1 GR     67683583085.92   139482095098.57
INTESA SANPAOLO     ISP PZ      69837848498.19   845716102931.17
TELECOM ITAL-ADR    TI/A US     37470835488.25   111876435813.58
UNICREDIT SPA       UCG NR      81259919126.21  1360299279506.23
FIAT SPA-RSP        FR TQ       15488670713.98    83060364941.35
FIAT SPA-RSP        FSER FP     15488670713.98    83060364941.35
FIAT SPA-RSP        FRGBX EO    15488670713.98    83060364941.35
FIAT SPA-RSP        FIAJF US    15488670713.98    83060364941.35
FIAT SPA-RSP        FR EO       15488670713.98    83060364941.35
INTESA SANPA-RSP    ISPR NR     69837848498.19   845716102931.17
TELECOM ITALIA S    TITGBP EO   37470835488.25   111876435813.58
OLIVETTI SPA        OLSA VX     37470835488.25   111876435813.58
FIAT SPA-RSP        FR NR       15488670713.98    83060364941.35
FIAT SPA-SVGS SH    FIAMF US    15488670713.98    83060364941.35
ENI SPA             ENINOK EU   67683583085.92   139482095098.57
FIAT SPA-PFD        FIATP FP    15488670713.98    83060364941.35
FIAT SPA-PFD        FSPR FP     15488670713.98    83060364941.35
FIAT SPA-PRIV       FPV LI      15488670713.98    83060364941.35
FIAT SPA-CTF        FIA GR      15488670713.98    83060364941.35
FIAT SPA-DR         FIATS FP    15488670713.98    83060364941.35
FIAT SPA-DR NC      FPAQF US    15488670713.98    83060364941.35
ENEL SPA            ENELCHF E   36688099567.17   177838703510.94
FIAT SPA-RSP        FRGBX EU    15488670713.98    83060364941.35
ENI SPA             ENIAUD EU   67683583085.92   139482095098.57
FIAT SPA-RIGHTS     FSAW IM     15488670713.98    83060364941.35
FIAT SPA-RIGHTS     FAZ IM      15488670713.98    83060364941.35
FIAT SPA-RIGHTS     FIAA GR     15488670713.98    83060364941.35
TELECOM ITALIA S    TITNOK EU   37470835488.25   111876435813.58
TELECOM ITALIA S    TQIG IX     37470835488.25   111876435813.58
GENERALI ASSIC      ASGG IX     21588843731.51   506721532021.33
TELECOM ITALIA S    TIT EO      37470835488.25   111876435813.58
GENERALI ASSIC      GER LN      21588843731.51   506721532021.33
TELECOM ITALIA S    TIT EU      37470835488.25   111876435813.58
TELECOM ITALIA S    TIT IX      37470835488.25   111876435813.58
TELECOM ITALIA S    TIAOF US    37470835488.25   111876435813.58
FIAT SPA-ADR SAV    FIA-PA US   15488670713.98    83060364941.35
TELECOM ITALIA S    TIT PZ      37470835488.25   111876435813.58
TELECOM ITALIA S    TITUSD EU   37470835488.25   111876435813.58
GENERALI ASSIC      GGBP EO     21588843731.51   506721532021.33
GENERALI ASSIC      GEN NA      21588843731.51   506721532021.33
GENERALI ASSIC      GGBX EU     21588843731.51   506721532021.33
GENERALI ASSIC      G TQ        21588843731.51   506721532021.33
GENERALI ASSIC      ASG GR      21588843731.51   506721532021.33
GENERALI ASSIC      ARZGF US    21588843731.51   506721532021.33
FIAT SPA-ADR PRF    FIA/P US    15488670713.98    83060364941.35
GENERALI ASSIC      G NA        21588843731.51   506721532021.33
GENERALI ASSIC      GASI IX     21588843731.51   506721532021.33
GENERALI ASSIC      GER LI      21588843731.51   506721532021.33
GENERALI ASSIC      GEN VX      21588843731.51   506721532021.33
GENERALI ASSIC      G NR        21588843731.51   506721532021.33
GENERALI ASSIC      G PZ        21588843731.51   506721532021.33
UNICREDIT-ADR       UNCFY US    81259919126.21  1360299279506.23
OLIVETTI-BOND RT    OLSO IM     37470835488.25   111876435813.58
GENERALI ASSIC      G EO        21588843731.51   506721532021.33
INTESA SANPAOLO     ISP EB      69837848498.19   845716102931.17
UNICREDIT SPA       UCGCHF EO   81259919126.21  1360299279506.23
ENI SPA             ENIGBX EU   67683583085.92   139482095098.57
INTESA SANPAOLO     IESG IX     69837848498.19   845716102931.17
ENEL AXA            ENLR GR     36688099567.17   177838703510.94
BANCA MONTE DEI     BMPSNOK E   21072587092.39   274655591802.42
FIAT SPA            FIA LN      15488670713.98    83060364941.35
OLIVETTI-SICO       OLIV FP     37470835488.25   111876435813.58
BANCA MONTE-NEW     BDPJF US    21072587092.39   274655591802.42
OLIVETTI-DI RISP    OLS6 GR     37470835488.25   111876435813.58
BANCA MONTE DEI     BMPS EO     21072587092.39   274655591802.42
OLIVETTI-PFD SIC    OLIVP FP    37470835488.25   111876435813.58
OLIVETTI-PFD        OLSB GR     37470835488.25   111876435813.58
TELECOM ITALIA S    TCLA LN     37470835488.25   111876435813.58
ENEL SPA            ENELCHF E   36688099567.17   177838703510.94
OLIVETTI-ORDINAI    OLOR SW     37470835488.25   111876435813.58
TECNOST SPA         TNS GR      28980714503.47    73378303149.13
OLIVETTI-NEW        OLTN BB     37470835488.25   111876435813.58
UNICREDIT SPA       UCG EU      81259919126.21  1360299279506.23
GENERALI ASSIC      G EU        21588843731.51   506721532021.33
ENI SPA             ENI EU      67683583085.92   139482095098.57
ENEL SPA            ENELUSD E   36688099567.17   177838703510.94
OLIVETTI SPA-RNC    ONC IM      37470835488.25   111876435813.58
OLIVETTI            OLV LI      37470835488.25   111876435813.58
OLIVETTI FRANCE     OLLG FP     37470835488.25   111876435813.58
BANCA MONTE DEI     BMPS IM     21072587092.39   274655591802.42
FIAT SPA            FCHF EU     15488670713.98    83060364941.35
OLIVETTI SPA        OLVTF US    37470835488.25   111876435813.58
TECNOST SPA-RTS     TECAAW IM   28980714503.47    73378303149.13
CREDITO ITAL-RNC    CITR IM     81259919126.21  1360299279506.23
TELECOM ITAL-RSP    TITR IX     37470835488.25   111876435813.58
FIAT SPA            F NQ        15488670713.98    83060364941.35
OLIVETTI-BOND RT    FIA4 GR     37470835488.25   111876435813.58
ENEL SPA            ENEL IM     36688099567.17   177838703510.94
OLIVETTI-ADR        OLVTY US    37470835488.25   111876435813.58
OLIVETTI SPA-UTS    OVTUF US    37470835488.25   111876435813.58
CREDITO ITALIANO    CIT IM      81259919126.21  1360299279506.23
FIAT SPA            FGBP EO     15488670713.98    83060364941.35
FIAT SPA-ADR        FIATY US    15488670713.98    83060364941.35
INTESA SANPA-RSP    ISPRDKK E   69837848498.19   845716102931.17
GENERALI ASSIC      G EB        21588843731.51   506721532021.33
BANCA MONTE DEI     BMPSUSD E   21072587092.39   274655591802.42
ENEL SPA            ENE LI      36688099567.17   177838703510.94
UBI BANCA SCPA      UBICHF EO   17111123408.65   162023820492.16
ENEL SPA            ENEL NQ     36688099567.17   177838703510.94
OLIVETTI-RTS        OLS5 GR     37470835488.25   111876435813.58
CREDITO ITALIANO    UNC LI      81259919126.21  1360299279506.23
OLIVETTI-PRIV       347748Q G   37470835488.25   111876435813.58
TELECOM ITALIA S    TITAUD EO   37470835488.25   111876435813.58
TELECOM ITALIA S    TIT NA      37470835488.25   111876435813.58
TELECOM ITAL-ADR    TI/WD US    37470835488.25   111876435813.58
BANCA MONTE DEI     BMDPF US    21072587092.39   274655591802.42
FIAT SPA-SVGS SH    FPASF US    15488670713.98    83060364941.35
TELECOM ITALIA S    TIB AR      37470835488.25   111876435813.58
FIAT SPA -PFD       FP1GBP EO   15488670713.98    83060364941.35
ENI SPA             ENA LI      67683583085.92   139482095098.57
INTESA SANPAOLO     ISPUSD EU   69837848498.19   845716102931.17
UNICREDIT SPA       UCGGBX EO   81259919126.21  1360299279506.23
TELECOM ITAL-ADR    TI US       37470835488.25   111876435813.58
TECNOST SPA         TEC IM      28980714503.47    73378303149.13
OLIVETTI-RTS        OLSA IM     37470835488.25   111876435813.58
OLIVETTI-WAR RHT    FIA5 GR     37470835488.25   111876435813.58
OLIVETTI-WAR RHT    OLSAW IM    37470835488.25   111876435813.58
INTESA SANPA-RSP    ISPRGBX E   69837848498.19   845716102931.17
INTESA SANPAOLO     IITSF US    69837848498.19   845716102931.17
FIAT SPA-RSP        FR EU       15488670713.98    83060364941.35
UBI BANCA SCPA      UBII PZ     17111123408.65   162023820492.16
OLIVETTI-RTS        OLES2 BB    37470835488.25   111876435813.58
OLIVETTI-PRIV       OLSP SW     37470835488.25   111876435813.58
OLIVETTI-PRIV       OLP IM      37470835488.25   111876435813.58
TELECOM ITALIA S    TIT TQ      37470835488.25   111876435813.58
ENI SPA             ENI TQ      67683583085.92   139482095098.57
BPU BANCHE-NEW      BPUG5 IM    17111123408.65   162023820492.16
TELECOM ITALIA      TIT VX      37470835488.25   111876435813.58
ENEL SPA            ENELAUD E   36688099567.17   177838703510.94
SANPAOLO IMI SPA    SPP LN      14708419379.06   348259870098.73
BANCA MONTE DEI     MPI GR      21072587092.39   274655591802.42
TELECOM ITALIA      OLI LN      37470835488.25   111876435813.58
FIAT SPA            FUSD EO     15488670713.98    83060364941.35
FIAT SPA -PFD       FP1 EO      15488670713.98    83060364941.35
FIAT SPA-RSP        FIAS GR     15488670713.98    83060364941.35
BANCA MONTE DEI     BMPS EB     21072587092.39   274655591802.42
ENEL SPA            ENL VX      36688099567.17   177838703510.94
ENI SPA             ENICHF EO   67683583085.92   139482095098.57
SANPAOLO IMI SPA    PAO VX      14708419379.06   348259870098.73
INTESA SANPA-RSP    ISPRDKK E   69837848498.19   845716102931.17
ENEL SPA            ENEL NR     36688099567.17   177838703510.94
UBI BANCA SCPA      UBIGBX EU   17111123408.65   162023820492.16
ENEL AXA            ENAXA IM    36688099567.17   177838703510.94
FIAT SPA-RNC        FPR LI      15488670713.98    83060364941.35
ENEL SPA            ENEL EU     36688099567.17   177838703510.94
FIAT SPA -PFD       FIAQF US    15488670713.98    83060364941.35
FIAT SPA            FIAT IX     15488670713.98    83060364941.35
BANCA MONTE DEI     BMPS EU     21072587092.39   274655591802.42
UNICREDIT - RSP     CRDR IX     81259919126.21  1360299279506.23
UNICREDIT - RSP     UCGR EO     81259919126.21  1360299279506.23
UNICREDIT           UCG PW      81259919126.21  1360299279506.23
OLIVETTI-DI RISP    OLIVR AV    37470835488.25   111876435813.58
UNICREDIT SPA       UCG PZ      81259919126.21  1360299279506.23
ENI SPA             ENTG IX     67683583085.92   139482095098.57
INTESABCI SPA       IBCIF US    69837848498.19   845716102931.17
FIAT SPA-PFD        FIAV GR     15488670713.98    83060364941.35
ENEL SPA            XQKGF US    36688099567.17   177838703510.94
ENEL SPA            ENELNOK E   36688099567.17   177838703510.94
UBI BANCA SCPA      UBI NQ      17111123408.65   162023820492.16
UBI BANCA SCPA      BPPUF US    17111123408.65   162023820492.16
FIAT SPA            FNOK EU     15488670713.98    83060364941.35
ENEL SPA            ESOCF US    36688099567.17   177838703510.94
ENEL SPA            ENELNOK E   36688099567.17   177838703510.94
UBI BANCA SCPA      BPU VX      17111123408.65   162023820492.16
UBI AZXOBCV         UBIOCV IM   17111123408.65   162023820492.16
ENEL SPA            ENL GR      36688099567.17   177838703510.94
UBI BANCA-UN ADR    BPPUY US    17111123408.65   162023820492.16
UBI BANCA SCPA      UBIGBP EO   17111123408.65   162023820492.16
UBI BANCA SCPA      UBI EO      17111123408.65   162023820492.16
ENEL SPA            ENEI IX     36688099567.17   177838703510.94
ENEL SPA            ENEL PZ     36688099567.17   177838703510.94
ENEL SPA            ENELAUD E   36688099567.17   177838703510.94
ENEL SPA            ENELGBP E   36688099567.17   177838703510.94
UBI BANCA SCPA      UBI IM      17111123408.65   162023820492.16
UBI BANCA SCPA      UBI EU      17111123408.65   162023820492.16
ENEL SPA            ENELGBX E   36688099567.17   177838703510.94
UNICREDITO ITALI    UC IM       81259919126.21  1360299279506.23
UNICREDITO ITAL     CIOR LI     81259919126.21  1360299279506.23
ENEL SPA            ENEL TQ     36688099567.17   177838703510.94
FIAT SPA-ADR        FIA US      15488670713.98    83060364941.35
UNICREDITO-RNC      UCR IM      81259919126.21  1360299279506.23
UNICREDITO-RNC      UCR EU      81259919126.21  1360299279506.23
UNICREDIT SPA       UCGNOK EO   81259919126.21  1360299279506.23
UNICREDIT SPA       CRDI IX     81259919126.21  1360299279506.23
UNICREDIT SPA       UCGPLN EU   81259919126.21  1360299279506.23
UNICREDIT SPA       UC PZ       81259919126.21  1360299279506.23
UNICREDIT SPA       UCGGBP EO   81259919126.21  1360299279506.23
OLIVETTI            OLS GR      37470835488.25   111876435813.58
FIAT SPA            FUSD EU     15488670713.98    83060364941.35
GENERALI ASSIC      G NQ        21588843731.51   506721532021.33
BPU BANCHE-N        BPUG4 IM    17111123408.65   162023820492.16
OLIVETTI            OL IM       37470835488.25   111876435813.58
OLIVETTI            OLSA GR     37470835488.25   111876435813.58
SANPAOLO IMI SPA    PAOG IX     14708419379.06   348259870098.73
TELECOM ITALIA S    TI AR       37470835488.25   111876435813.58
OLIVETTI            OLT BB      37470835488.25   111876435813.58
UNICREDIT SPA       UCGPLN EO   81259919126.21  1360299279506.23
UNICREDIT SPA       UCGUSD EU   81259919126.21  1360299279506.23
UNICREDIT SPA       CRIG IX     81259919126.21  1360299279506.23
UNICREDIT - RSP     UCR PZ      81259919126.21  1360299279506.23
UNICREDIT SPA       UCGAUD EU   81259919126.21  1360299279506.23
UNICREDIT SPA       UCG IM      81259919126.21  1360299279506.23
UNICREDIT SPA       UCG EO      81259919126.21  1360299279506.23
TELECOM ITAL-RSP    TITR IM     37470835488.25   111876435813.58
UBI BANCA SCPA      BPUN IX     17111123408.65   162023820492.16
FIAT SPA-RSP        FIAR IX     15488670713.98    83060364941.35
UNICREDIT - RTS     UCGAXA IM   81259919126.21  1360299279506.23
UNICREDIT - RTS     UCGP PW     81259919126.21  1360299279506.23
UNICREDIT SPA       UCG TQ      81259919126.21  1360299279506.23
UNICREDIT SPA       UCG NQ      81259919126.21  1360299279506.23
UNICREDIT SPA       UCG EB      81259919126.21  1360299279506.23
TELECOM ITALIA S    TIT NR      37470835488.25   111876435813.58
UNICREDIT SPA       UCGCHF EU   81259919126.21  1360299279506.23
UNICREDIT SPA       CRI GR      81259919126.21  1360299279506.23
UNICREDIT SPA       UCGAUD EO   81259919126.21  1360299279506.23
UNICREDIT SPA       UCGGBX EU   81259919126.21  1360299279506.23
UNICREDIT SPA       UCGNOK EU   81259919126.21  1360299279506.23
UNICREDIT SPA       CRI2 VX     81259919126.21  1360299279506.23
UNICREDIT SPA       UCGUSD EO   81259919126.21  1360299279506.23
BANCO AMB VENETO    BAVB IM     69837848498.19   845716102931.17
SAN PAOLO-IMI       SPO LI      14708419379.06   348259870098.73
SANPAOLO IMI        SPI IM      14708419379.06   348259870098.73
SANPAOLO IMI-ADR    IMI US      14708419379.06   348259870098.73
INTESA SANPAOLO     ISP NR      69837848498.19   845716102931.17
INTESA SANPAOLO     BIPNF US    69837848498.19   845716102931.17
INTESA SANPAOLO     ISP EO      69837848498.19   845716102931.17
BPU BANCHE          BPU IM      17111123408.65   162023820492.16
INTESABCI SPA-RT    BINSA IM    69837848498.19   845716102931.17
INTESABCI-DRNC      IBCVF US    69837848498.19   845716102931.17
TELECOM ITAL-RSP    TITR NR     37470835488.25   111876435813.58
SANPAOLO IMI SPA    2252057Q    14708419379.06   348259870098.73
SANPAOLO IMI SPA    2234368Q    14708419379.06   348259870098.73
SANPAOLO IMI SPA    2759560Q    14708419379.06   348259870098.73
FIAT SPA -PFD       FIAP IX     15488670713.98    83060364941.35
INTESA SANPAOLO     BIPOF US    69837848498.19   845716102931.17
INTESA SANPAOLO     IES VX      69837848498.19   845716102931.17
INTESA SANPAOLO     ISPGBX EO   69837848498.19   845716102931.17
INTESA SANPAOLO     ISPUSD EO   69837848498.19   845716102931.17
UNICREDIT - RSP     UNCIF US    81259919126.21  1360299279506.23
INTESA SANPAOLO     ISP IM      69837848498.19   845716102931.17
INTESA SANPAOLO     ISP NQ      69837848498.19   845716102931.17
INTESA SANPAOLO     ISP IX      69837848498.19   845716102931.17
INTESA SANPAOLO     IES GR      69837848498.19   845716102931.17
INTESA SANPAOLO     ISP EU      69837848498.19   845716102931.17
BANCA INTESA S      BINR IM     69837848498.19   845716102931.17
INTESA SANPAOLO     ISPGBP EO   69837848498.19   845716102931.17
FIAT SPA-ADR PRF    FIATP US    15488670713.98    83060364941.35
INTESA SANPAOLO     BAVI IX     69837848498.19   845716102931.17
UNICREDIT - RSP     UCGR EU     81259919126.21  1360299279506.23
FIAT SPA            F EU        15488670713.98    83060364941.35
SANPAOLO IMI-PRF    97191Z IM   14708419379.06   348259870098.73
UBI BANCA SCPA      UBICHF EU   17111123408.65   162023820492.16
ENEL SPA            ENE LN      36688099567.17   177838703510.94
FIAT SPA            FIAT VX     15488670713.98    83060364941.35
UNICREDITO ITALI    UNC LN      81259919126.21  1360299279506.23
INTESA SANPA-RSP    ISPR IM     69837848498.19   845716102931.17
UBI BANCA SCPA      UBIGBX EO   17111123408.65   162023820492.16
INTESA SANPAOLO     ISP LN      69837848498.19   845716102931.17
BANCA MONTE DEI     BMPSCHF E   21072587092.39   274655591802.42
ISTITUT BANC SAN    BSP LI      14708419379.06   348259870098.73
BANCA INTES-DRNC    BAVR IM     69837848498.19   845716102931.17
ENI SPA             ENA LN      67683583085.92   139482095098.57
BANCA MONTE DEI     BMPS PZ     21072587092.39   274655591802.42
UBI BANCA SCPA      BPD GR      17111123408.65   162023820492.16
INTESA SANPA-RSP    ISPR TQ     69837848498.19   845716102931.17
FIAT SPA-RSP        FR PZ       15488670713.98    83060364941.35
TELECOM ITALIA S    TITUSD EO   37470835488.25   111876435813.58
BANCA MONTE DEI     BMPSUSD E   21072587092.39   274655591802.42
BANCO AMB VE-RNC    BAVC IM     69837848498.19   845716102931.17
FIAT SPA-ADR PRF    FIA-P US    15488670713.98    83060364941.35
FIAT SPA-RSP        FR IM       15488670713.98    83060364941.35
ENI SPA             ENI NQ      67683583085.92   139482095098.57
ISTITUT BANC SAN    ISPT IM     14708419379.06   348259870098.73
ASSICURAZI-ADR      ARZGY US    21588843731.51   506721532021.33
BANCA INTESA        BAVDF US    69837848498.19   845716102931.17
OLIVETTI-OLD        OL BB       37470835488.25   111876435813.58
OLIVETTI-ADR PR     OLVXY US    37470835488.25   111876435813.58
INTESA SANPAOLO     ISPGBX EU   69837848498.19   845716102931.17
UBI BANCA SCPA      UBI NR      17111123408.65   162023820492.16
INTESA SANPAOLO     ISP TQ      69837848498.19   845716102931.17
BANCA MONTE DEI     BMPSGBP E   21072587092.39   274655591802.42
BANCA MONTE DEI     BMPSNOK E   21072587092.39   274655591802.42
BANCA MONTE-ADR     BMDPY US    21072587092.39   274655591802.42
TELECOM ITAL-RSP    TITR PZ     37470835488.25   111876435813.58
INTESA SAN- ADR     ISNPY US    69837848498.19   845716102931.17
FIAT SPA            FIAT FP     15488670713.98    83060364941.35
FIAT SPA            F EB        15488670713.98    83060364941.35
BANCA MONTE DEI     BMPSAUD E   21072587092.39   274655591802.42
TELECOM ITALIA S    TQI GR      37470835488.25   111876435813.58
BANCA MONTE DEI     2807570Z    21072587092.39   274655591802.42
TELECOM ITAL-RSP    TITR EU     37470835488.25   111876435813.58
UBI BANCA SCPA      UBI TQ      17111123408.65   162023820492.16
BANCA MONTE DEI     BMPS NQ     21072587092.39   274655591802.42
ENEL SPA            ENELUSD E   36688099567.17   177838703510.94
INTESA SANPA-RSP    ISPRGBX E   69837848498.19   845716102931.17
FIAT SPA            F NR        15488670713.98    83060364941.35
ENI SPA             ENI EO      67683583085.92   139482095098.57
FIAT SPA-RTS        FSAZ IM     15488670713.98    83060364941.35
INTESA SANPA-RSP    ISPRGBP E   69837848498.19   845716102931.17
INTESA SANPA-RSP    ISPR EU     69837848498.19   845716102931.17
ENEL SPA - ADR      ENLAY US    36688099567.17   177838703510.94
INTESA SANPA-RSP    BAVN IX     69837848498.19   845716102931.17
SANPAOLO IMI SPA    SPLRF US    14708419379.06   348259870098.73
MONTE PASCHI SIE    BMPS LN     21072587092.39   274655591802.42
INTESA SANPA-RSP    ISPR EO     69837848498.19   845716102931.17


LUXEMBOURG
----------
ARCELOR             CELB IX     29129226003.98    71900323352.48
ARCELOR             2288319Q    29129226003.98    71900323352.48
ARCELOR MITTAL-A    ISP GR         59229999104      120498003968
ARCELOR             LORA NA     29129226003.98    71900323352.48
ARCELOR - NEW       LORNV LX    29129226003.98    71900323352.48
ARCELORMITTAL       MTS NQ         59229999104      120498003968
ARCELOR SA-ADR      ARLOY US    29129226003.98    71900323352.48
ARCELORMITTAL       MTP IX         59229999104      120498003968
ARCELORMITTAL       MT EU          59229999104      120498003968
ARCELORMITTAL       MT LX          59229999104      120498003968
ARCELOR             ARR GR      29129226003.98    71900323352.48
ARCELORMITTAL       MTBL BB        59229999104      120498003968
ARCELORMITTAL       ISP1 GR        59229999104      120498003968
ARCELORMITTAL       MTP LI         59229999104      120498003968
ARCELOR SA          LOR LX      29129226003.98    71900323352.48
ARCELORMITTAL       MTGBX EU       59229999104      120498003968
ARCELOR             LOR SM      29129226003.98    71900323352.48
ARCELOR             LORB BB     29129226003.98    71900323352.48
ARCELORMITTAL       MTS SM         59229999104      120498003968
ARCELOR - NEW       LORNB BB    29129226003.98    71900323352.48
ARCELOR             ARLOF US    29129226003.98    71900323352.48
ARCELOR             LOR PZ      29129226003.98    71900323352.48
ARCELORMITTAL       MTCHF EO       59229999104      120498003968
MITTAL STEEL CO     IST NA         59229999104      120498003968
ARCELOR             ARRA GR     29129226003.98    71900323352.48
ARCELORMITTAL-NY    AMALV US       59229999104      120498003968
ARCELOR             ARCELOR L   29129226003.98    71900323352.48
ARCELOR - RIGHTS    LORBB BB    29129226003.98    71900323352.48
ISPAT INTERNATIO    ISPTF US       59229999104      120498003968
ARCELORMITTAL       MTGBP EO       59229999104      120498003968
ARCELOR             ARCE IX     29129226003.98    71900323352.48
ARCELOR             LOR VX      29129226003.98    71900323352.48
ARCELOR - RIGHTS    LORBS FP    29129226003.98    71900323352.48
ARCELOR-RTS         LOR/C SM    29129226003.98    71900323352.48
ARCELOR             2288315Q    29129226003.98    71900323352.48
ARCELOR MITTAL      MTTFF US       59229999104      120498003968
ARCELOR             LOR FP      29129226003.98    71900323352.48
ARCELORMITTAL       MT EO          59229999104      120498003968
ARCELORMITTAL       MT TQ          59229999104      120498003968
ARCELORMITTAL       MTGBX EO       59229999104      120498003968
ARCELORMITTAL       MTNOK EO       59229999104      120498003968
ARCELORMITTAL       MT NA          59229999104      120498003968
ARCELOR             ARRG IX     29129226003.98    71900323352.48
ARCELORMITTAL       AMSAF US       59229999104      120498003968
ARCELORMITTAL       MT PZ          59229999104      120498003968
ARCELOR             CELR VX     29129226003.98    71900323352.48
MITTAL STEEL CO     ISPA GR        59229999104      120498003968
ARCELORMITTAL       MT NQ          59229999104      120498003968
ARCELOR             2288323Q    29129226003.98    71900323352.48
ARCELOR MITTAL-A    MTTAV US       59229999104      120498003968
ARCELORMITTAL-NY    MT US          59229999104      120498003968
ARCELORMITTAL       MTAS IX        59229999104      120498003968
ARCELORMITTAL       ARRB GR        59229999104      120498003968
ARCELOR - RIGHTS    LORBS LX    29129226003.98    71900323352.48
ARCELORMITTAL       MTAUD EO       59229999104      120498003968
ARCELORMITTAL       MTUSD EO       59229999104      120498003968
ARCELORMITTAL-NY    ARRC GR        59229999104      120498003968
MITTAL STEEL-B      778316Z N      59229999104      120498003968
ARCELORMITTAL       MT EB          59229999104      120498003968
ARCELORMITTAL       MTAUD EU       59229999104      120498003968
ARCELORMITTAL       MT VX          59229999104      120498003968
ARCELORMITTAL       MTNOK EU       59229999104      120498003968
ARCELOR - NEW       LORNV FP    29129226003.98    71900323352.48
ARCELORMITTAL       MTCHF EU       59229999104      120498003968
ARCELORMITTAL       ISPG IX        59229999104      120498003968
ARCELOR             2288327Q    29129226003.98    71900323352.48
ARCELORMITTAL       AMSYF US       59229999104      120498003968
ARCELORMITTAL-NY    AHMN GR        59229999104      120498003968
ARCELORMITTAL       2822433Q       59229999104      120498003968
ARCELORMITTAL       MTS IX         59229999104      120498003968
ARCELORMITTAL       MTP FP         59229999104      120498003968


NETHERLANDS
-----------
UNILEVER NV         UNIA NA     14471533493.49    49585136559.41
ING GROEP NV-P C    2992066Q    40361794372.56  1682473775154.41
UNILEVER-4% PRF     UNP4 EO     14471533493.49    49585136559.41
ROYAL DUTCH PETR    RDPPF US    53932986439.36   117294881095.01
UNILEVER NV         UNC NA      14471533493.49    49585136559.41
ROYAL DUTCH SH-A    RDSAAUD E     128866000896      281319997440
ING GROEP NV        ING BB      40361794372.56  1682473775154.41
ING GROEP NV-CVA    INGA NA     40361794372.56  1682473775154.41
PHILIPS ELECTRON    PHIAUSD E   21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIANOK E   21756134439.58    42006414999.16
UNILEVER NV-CVA     UN LI       14471533493.49    49585136559.41
ING GROEP NV-STK    INGSA3 BB   40361794372.56  1682473775154.41
UNILEVER NV-CVA     UNI3 GR     14471533493.49    49585136559.41
ROYAL DUT PE-NYS    RPETY US    53932986439.36   117294881095.01
ING GROEP NV-P C    INGPF US    40361794372.56  1682473775154.41
ING-INTL NEDER      1024Q LI    40361794372.56  1682473775154.41
ING-INTL N-PF CL    INTPS NA    40361794372.56  1682473775154.41
ING GROEP NV-RTS    INLR FP     40361794372.56  1682473775154.41
PHILIPS ELECTRON    INPHI NA    21756134439.58    42006414999.16
UNILEVER NV-PREF    UNIP NA     14471533493.49    49585136559.41
UNILEVER NV-CVA     UNB BB      14471533493.49    49585136559.41
PHILIPS ELEC        PHGT BB     21756134439.58    42006414999.16
UNILEVER-6% PRF     UNP6 EU     14471533493.49    49585136559.41
ING GROEP NV-STK    INGSB NA    40361794372.56  1682473775154.41
ING GROEP-ADR       QUNING AU   40361794372.56  1682473775154.41
ROYAL DUT PET-BR    RD AV       53932986439.36   117294881095.01
EADS NV             EADNOK EU   15523551876.73   106252485121.41
EADS NV             EADUSD EO   15523551876.73   106252485121.41
EADS NV             EAD IX      15523551876.73   106252485121.41
EADS NV             EAD LN      15523551876.73   106252485121.41
EADS NV             EADCHF EU   15523551876.73   106252485121.41
ING GROEP-ADR       INGN MM     40361794372.56  1682473775154.41
EADS NV             EAD EB      15523551876.73   106252485121.41
ING GROEP-1/85 S    INN6 GR     40361794372.56  1682473775154.41
EADS NV             EAD1 EB     15523551876.73   106252485121.41
PHILIPS ELECTRON    PHIASEK E   21756134439.58    42006414999.16
EADS NV             EADAUD EU   15523551876.73   106252485121.41
EADS NV             EAD FP      15523551876.73   106252485121.41
ROYAL DUTCH SH-A    RDSAPEN E     128866000896      281319997440
EADS NV             EADA NA     15523551876.73   106252485121.41
EADS-UNSP ADR       EADSY US    15523551876.73   106252485121.41
UNILEVER-BLOCKS     UNB AR      14471533493.49    49585136559.41
EADS NV             EADCHF EO   15523551876.73   106252485121.41
PHILIPS ELECTRON    PHIACHF E   21756134439.58    42006414999.16
ROYAL DUTCH SH-A    RDSACHF E     128866000896      281319997440
EADS NV             EADUSD EU   15523551876.73   106252485121.41
ING GROEP NV-CVA    INGA NQ     40361794372.56  1682473775154.41
ING GROEP-ADR       ING US      40361794372.56  1682473775154.41
EADS NV             EADGBX EO   15523551876.73   106252485121.41
UNILEVER NV-CVA     UN AV       14471533493.49    49585136559.41
ROYAL DUTCH SH-A    RDSA NA       128866000896      281319997440
DUTCH SHELL-CDR     RDS AR        128866000896      281319997440
EADS NV             EADSF US    15523551876.73   106252485121.41
ROYAL DUT PETRO     RD LX       53932986439.36   117294881095.01
ING GROEP-C/E       INGC AR     40361794372.56  1682473775154.41
EADS NV             EAD BQ      15523551876.73   106252485121.41
PHILIPS ELECTRON    PHIAAUD E   21756134439.58    42006414999.16
UNILEVER NV         UNIAGBX E   14471533493.49    49585136559.41
EADS NV             EADS IX     15523551876.73   106252485121.41
PHILIPS ELECTRON    PHIA BQ     21756134439.58    42006414999.16
ING GROEP-STK       INGS NA     40361794372.56  1682473775154.41
EADS NV             EADEUR NQ   15523551876.73   106252485121.41
EADS NV             EADD IX     15523551876.73   106252485121.41
EADS NV             EAD TQ      15523551876.73   106252485121.41
ING GROEP NV-CVA    INGAGBP E   40361794372.56  1682473775154.41
ING GROEP-1/85 S    INGGA6 BB   40361794372.56  1682473775154.41
ING GROEP-$US       INGD AR     40361794372.56  1682473775154.41
EADS N.V.           2187Z NA    15523551876.73   106252485121.41
ROYAL DUTCH PETR    RD LI       53932986439.36   117294881095.01
EADS NV             EAD GR      15523551876.73   106252485121.41
EADS NV             EAD EO      15523551876.73   106252485121.41
ROYAL DUTCH SH-A    RDSAEUR N     128866000896      281319997440
PHILIPS ELECTRON    RPE FP      21756134439.58    42006414999.16
PHILIPS ELECTR-D    PHILD NA    21756134439.58    42006414999.16
PHILIPS ELEC-NY     PHG US      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIA EU     21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIA NQ     21756134439.58    42006414999.16
PHILIPS ELEC-DIV    PHILS NA    21756134439.58    42006414999.16
PHILIPS ELEC-C B    PHGB AR     21756134439.58    42006414999.16
PHILIPS ELEC-NEW    RPEB BB     21756134439.58    42006414999.16
PHILIPS ELEC-NEW    PHI BB      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIASEK E   21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIA EO     21756134439.58    42006414999.16
PHILIPS ELECTRON    PHI VX      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIGI IX    21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIAGBX E   21756134439.58    42006414999.16
PHILIPS ELECTRON    PHI1 GR     21756134439.58    42006414999.16
PHILIPS ELECTRON    PGL LI      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIA NA     21756134439.58    42006414999.16
UNILEVER NV         UNLVF US    14471533493.49    49585136559.41
PHILIPS ELECTRON    PHIA IM     21756134439.58    42006414999.16
ING GROEP NV-CVA    INGAUSD E   40361794372.56  1682473775154.41
ROYAL DUTCH PETR    RDT BB      53932986439.36   117294881095.01
UNILEVER NV-CVA     UNZ IX      14471533493.49    49585136559.41
ROYAL DUTCH SH-A    R6C GR        128866000896      281319997440
ROYAL DUTCH SH-B    RDSB NQ       128866000896      281319997440
EADS NV             EAD EU      15523551876.73   106252485121.41
ROYAL DUTCH SH-B    RDSB LN       128866000896      281319997440
ROYAL DUTCH SH-B    RDSBEUR E     128866000896      281319997440
UNILEVER NV-CVA     108625Q L   14471533493.49    49585136559.41
ING GROEP NV-CTF    INGS BB     40361794372.56  1682473775154.41
ING GROEP NV-CVA    ING VX      40361794372.56  1682473775154.41
PHILIPS ELEC-C $    PHGD AR     21756134439.58    42006414999.16
PHILIPS EL-CED C    PHGC AR     21756134439.58    42006414999.16
ING GROEP NV-CVA    INGGI IX    40361794372.56  1682473775154.41
ROYAL DUTCH SH-A    RDSAEUR E     128866000896      281319997440
NMB POSTBANK        NMB SW      40361794372.56  1682473775154.41
ING GROEP-ADR       INNA GR     40361794372.56  1682473775154.41
DUTCH SHELL-CC/E    RDSC AR       128866000896      281319997440
ROYAL DUTCH SH-B    RDSB NA       128866000896      281319997440
ING GROEP NV-CVA    ING LI      40361794372.56  1682473775154.41
ROYAL DUTCH SH-B    RDSB EB       128866000896      281319997440
PHILIPS ELECTRON    PHIAAUD E   21756134439.58    42006414999.16
ROYAL DUTCH SH-A    RDSA/L IX     128866000896      281319997440
PHILIPS ELECTRON    PHIL NA     21756134439.58    42006414999.16
PHILIPS ELEC-NY     PHGN MM     21756134439.58    42006414999.16
ING GROEP NV-P C    INGPA PZ    40361794372.56  1682473775154.41
PHILIPS ELEC-NY     PHIA GR     21756134439.58    42006414999.16
PHILIPS ELEC-OLD    PHG BB      21756134439.58    42006414999.16
EADS NV             EAD VX      15523551876.73   106252485121.41
EADS NV             EADNOK EO   15523551876.73   106252485121.41
EADS NV             EAD PZ      15523551876.73   106252485121.41
ING GROEP CORE      3053006Z    40361794372.56  1682473775154.41
ING GROEP NV-CVA    ING LN      40361794372.56  1682473775154.41
ING GROEP NV-CVA    INGAUSD E   40361794372.56  1682473775154.41
RYL DUTCH-CEDEAR    RD AR       53932986439.36   117294881095.01
PHILIPS ELECTRON    PHIA TQ     21756134439.58    42006414999.16
PHILIPS ELECTRON    PHG IX      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIA EB     21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIAGBP E   21756134439.58    42006414999.16
PHILIPS ELECTRON    PHGFF US    21756134439.58    42006414999.16
PHILIPS ELECTRON    PHGZF US    21756134439.58    42006414999.16
PHILIPS ELECTRON    PHI GR      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHPE LI     21756134439.58    42006414999.16
PHILIPS ELECTRON    1352Q LN    21756134439.58    42006414999.16
EADS NV             EADGBP EO   15523551876.73   106252485121.41
ROYAL DUTCH SH-A    RDSAEUR E     128866000896      281319997440
ROYAL DUT PET-BR    RODA AV     53932986439.36   117294881095.01
PHILIPS ELECTRON    6685 JP     21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIAGBX E   21756134439.58    42006414999.16
PHILIPS ELECTRON    PHG AV      21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIL LX     21756134439.58    42006414999.16
PHILIPS ELECTRON    PHGKF US    21756134439.58    42006414999.16
RABOBANK            RABO NA     46683671511.92   854060483775.47
UNILEVER NV-CVA     UNA EB      14471533493.49    49585136559.41
UNILEVER NV-CVA     UNAAUD EU   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNAAUD EO   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA BQ      14471533493.49    49585136559.41
ROYAL PHILIPS       2024Q FP    21756134439.58    42006414999.16
UNILEVER NV-CVA     UN SW       14471533493.49    49585136559.41
UNILEVER NV-CVA     UNAUSD EO   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNAGBX EO   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA NQ      14471533493.49    49585136559.41
UNILEVER NV-CVA     UNI GR      14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA PZ      14471533493.49    49585136559.41
UNILEVER NV-CVA     UNIL LX     14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA TQ      14471533493.49    49585136559.41
UNILEVER NV-CVA     UNIG IX     14471533493.49    49585136559.41
UNILEVER NV-CVA     UNACHF EO   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNANOK EU   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNAUSD EU   14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA NA      14471533493.49    49585136559.41
ROYAL DUTCH-WI      RDW NA      53932986439.36   117294881095.01
UNILEVER NV         UVERF US    14471533493.49    49585136559.41
ROYAL DUTCH-ADR     RDS/A MM      128866000896      281319997440
UNILEVER NV         UNIA EO     14471533493.49    49585136559.41
UNILEVER NV-CVA     UNAGBP EO   14471533493.49    49585136559.41
UNILEVER NV         UNIA PZ     14471533493.49    49585136559.41
UNILEVER NV         UNI FP      14471533493.49    49585136559.41
UNILEVER NV         UNIA EU     14471533493.49    49585136559.41
UNILEVER NV         UNIA IX     14471533493.49    49585136559.41
UNILEVER NV-CVA     UNL LI      14471533493.49    49585136559.41
UNILEVER NV-CVA     UN IX       14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA EU      14471533493.49    49585136559.41
UNILEVER NV-CVA     UNANOK EO   14471533493.49    49585136559.41
ROYAL DUTCH SH-B    R6C3 GR       128866000896      281319997440
UNILEVER NV-CTFS    UNL BB      14471533493.49    49585136559.41
UNILEVER NV-CTFS    UN BB       14471533493.49    49585136559.41
UNILEVER NV-CVA     UN VX       14471533493.49    49585136559.41
UNILEVER NV-CVA     UNA IM      14471533493.49    49585136559.41
UNILEVER-7% PRF     UNP7 EO     14471533493.49    49585136559.41
UNILEVER-6% PRF     UNP6 EO     14471533493.49    49585136559.41
UNILEVER-6% PRF     UNP6 NA     14471533493.49    49585136559.41
UNILEVER-7% PRF     UNPA IX     14471533493.49    49585136559.41
UNILEVER-7% PRF     UNP7 NA     14471533493.49    49585136559.41
UNILEVER-4% PRF     UNCP4 NA    14471533493.49    49585136559.41
UNILEVER-4% PRF     UNCP4 PZ    14471533493.49    49585136559.41
UNILEVER-6% PRF     UNCP6 PZ    14471533493.49    49585136559.41
UNILEVER-4% PRF     UNP4 EU     14471533493.49    49585136559.41
UNILEVER NV-CVA     UN NA       14471533493.49    49585136559.41
UNILEVER-7% PRF     UNP7 EU     14471533493.49    49585136559.41
ING GROEP NV-CVA    ING IX      40361794372.56  1682473775154.41
UNILEVER NV-$US     UND AR      14471533493.49    49585136559.41
EADS NV             EADAUD EO   15523551876.73   106252485121.41
UNILEVER-7%P CVA    UNCP EO     14471533493.49    49585136559.41
UNILEVER-7%P CVA    UNCP EU     14471533493.49    49585136559.41
UNILEVER-C/E        UNC AR      14471533493.49    49585136559.41
UNILEVER-7%P CVA    UNCP NA     14471533493.49    49585136559.41
UNILEVER NV-STK     UNS NA      14471533493.49    49585136559.41
UNILEVER NV-OLD     UNY BB      14471533493.49    49585136559.41
UNILEVER NV         UNIAGBX E   14471533493.49    49585136559.41
EADS NV             EAD SM      15523551876.73   106252485121.41
UNILEVER NV-OLD     UN FP       14471533493.49    49585136559.41
UNILEVER NV-CVA     UNP FP      14471533493.49    49585136559.41
ING GROEP NV-CVA    ING SW      40361794372.56  1682473775154.41
UNILEVER NV-NYS     UNIN GR     14471533493.49    49585136559.41
UNILEVER NV-CVA     UNACHF EU   14471533493.49    49585136559.41
UNILEVER-4% PRF     UNP4 NA     14471533493.49    49585136559.41
PHILIPS ELECTRON    PHG PZ      21756134439.58    42006414999.16
ING GROEP NV-CVA    INGA EU     40361794372.56  1682473775154.41
PHILIPS ELECTRON    548572Q L   21756134439.58    42006414999.16
UNILEVER NV-CVA     UNLNF US    14471533493.49    49585136559.41
ING GROEP-BLOCK     INGB AR     40361794372.56  1682473775154.41
PHILIPS ELECTRON    PHIACHF E   21756134439.58    42006414999.16
UNILEVER NV         UNV LI      14471533493.49    49585136559.41
ING GROEP NV-CVA    INGBF US    40361794372.56  1682473775154.41
ROYAL DUTCH SH-B    RDSB VX       128866000896      281319997440
ROYAL DUTCH SH-B    RDSBGBP E     128866000896      281319997440
ROYAL DUTCH PETR    RYD LN      53932986439.36   117294881095.01
ROYAL DUTCH SH-B    RDSBPEN E     128866000896      281319997440
ROYAL DUTCH PETR    RD BB       53932986439.36   117294881095.01
ROYAL DUTCH SH-A    RDSA BQ       128866000896      281319997440
ROYAL DUTCH SH-A    RDSA EU       128866000896      281319997440
UNILEVER NV-CVA     UNA EO      14471533493.49    49585136559.41
ROYAL DUTCH SH-A    RDSAZAR E     128866000896      281319997440
ROYAL DUTCH SH-B    RDSBJPY E     128866000896      281319997440
ING GROEP NV-CVA    INGACHF E   40361794372.56  1682473775154.41
ROYAL DUT PE-NYS    RDPL MM     53932986439.36   117294881095.01
ROYAL DUTCH SH-A    RDSA TQ       128866000896      281319997440
RYL DUTCH-CEDEAR    RDPL AR     53932986439.36   117294881095.01
ROYAL DUTCH SH-B    RDSBEUR B     128866000896      281319997440
ROYAL DUTCH-BLK     RDB AR      53932986439.36   117294881095.01
ROYAL DUTCH SH-B    RDSBJPY E     128866000896      281319997440
PHILIPS ELECTRON    PLE LI      21756134439.58    42006414999.16
ROYAL DUTCH SH-B    RDSB NR       128866000896      281319997440
ROYAL DUT PETRO     RD SW       53932986439.36   117294881095.01
ROYAL DUTCH SH-A    RDSA NQ       128866000896      281319997440
ING GROEP NV-CVA    INGA BQ     40361794372.56  1682473775154.41
ROYAL DUTCH PETR    RDA NA      53932986439.36   117294881095.01
ROYAL DUTCH SH-A    RDSAEUR E     128866000896      281319997440
ROYAL DUTCH SH-A    RDSA PZ       128866000896      281319997440
ROYAL DUTCH SH-A    RDSAUSD E     128866000896      281319997440
ROYAL DUTCH SH-A    RDSACHF E     128866000896      281319997440
ROYAL DUTCH SH-B    RDSB EU       128866000896      281319997440
UNILEVER-7% PRF     UNCP7 NA    14471533493.49    49585136559.41
ROYAL DUTCH SH-B    RDSBUSD E     128866000896      281319997440
ROYAL DUTCH-$US     RDD AR      53932986439.36   117294881095.01
ING GROEP NV-P C    INTCP NA    40361794372.56  1682473775154.41
ROYAL PHILIP-OLD    PI FP       21756134439.58    42006414999.16
PHILIPS ELECTRON    PHIANOK E   21756134439.58    42006414999.16
ROYAL DUTCH SH-A    RYDAF US      128866000896      281319997440
UNILEVER-7%P CVA    UNCC7 PZ    14471533493.49    49585136559.41
UNILEVER NV-CVA     UNL LN      14471533493.49    49585136559.41
ING GROEP NV-CTF    INGA IX     40361794372.56  1682473775154.41
ROYAL DUTCH SH-B    RDSB IX       128866000896      281319997440
ROYAL DUTCH SH-B    RYDBF US      128866000896      281319997440
ROYAL DUTCH PETR    RDB BB      53932986439.36   117294881095.01
ING GROEP NV-CVA    INGAAUD E   40361794372.56  1682473775154.41
ING GROEP NV-CTF    INGC BB     40361794372.56  1682473775154.41
ING GROEP-CEDAR     ING AR      40361794372.56  1682473775154.41
ING GROEP NV        176555Z N   40361794372.56  1682473775154.41
UNILEVER NV-NYS     QUNUNV AU   14471533493.49    49585136559.41
ING GROEP NV-CF     INGE IX     40361794372.56  1682473775154.41
UNIVLEVER-CEDEAR    UN AR       14471533493.49    49585136559.41
ING GROEP NV        INTNC NA    40361794372.56  1682473775154.41
ROYAL DUTCH SHEL    RDSAEUR T     128866000896      281319997440
ROYAL DUTCH PETR    RD NA       53932986439.36   117294881095.01
ROYAL DUTCH SH-A    RDSAUSD E     128866000896      281319997440
ING GROEP NV-CF     INGB BB     40361794372.56  1682473775154.41
UNILEVER-7% PRF     UNCP7 PZ    14471533493.49    49585136559.41
ROYAL DUTCH SH-B    RDSBPEN E     128866000896      281319997440
ROYAL DUTCH SH-$    RDSD AR       128866000896      281319997440
ING GROEP NV-P C    2992074Q    40361794372.56  1682473775154.41
ING GROEP-RTS       INTNN NA    40361794372.56  1682473775154.41
ROYAL DUT PETRO     RD FP       53932986439.36   117294881095.01
ROYAL DUTCH SH-B    RDSB EO       128866000896      281319997440
PHILIPS ELECTRON    RPEXF US    21756134439.58    42006414999.16
ROYAL DUTCH PETR    RDPRF US    53932986439.36   117294881095.01
ING GROEP NV-CVA    INGAGBX E   40361794372.56  1682473775154.41
ING GROEP NV-CV     INGA EB     40361794372.56  1682473775154.41
ROYAL DUT PE-NYS    RDPL US     53932986439.36   117294881095.01
ROYAL DUTCH-ADR     RDS/A US      128866000896      281319997440
ROYAL DUT PE-NYS    ROYA GR     53932986439.36   117294881095.01
ROYAL DUT PE-NYS    RD US       53932986439.36   117294881095.01
ROYAL DUT PE-NYS    RDN MM      53932986439.36   117294881095.01
ROYAL DUTCH-ADR     RDS/B US      128866000896      281319997440
ING GROEP NV-CVA    INGA IM     40361794372.56  1682473775154.41
ROYAL DUTCH PETR    RD VX       53932986439.36   117294881095.01
ING GROEP NV-CVA    INGA TQ     40361794372.56  1682473775154.41
ROYAL DUTCH -ASS    ROYB GR     53932986439.36   117294881095.01
ROYAL DUTCH SH-B    RDSBUSD E     128866000896      281319997440
ROYAL DUTCH-ADRA    RDS/A-W U     128866000896      281319997440
ROYAL DUTCH SH-A    RDSA SW       128866000896      281319997440
ING GROEP NV-CVA    INGVF US    40361794372.56  1682473775154.41
ROYAL DUTCH SH-B    RSCG IX       128866000896      281319997440
ROYAL DUTCH-ADR     R6C2 GR       128866000896      281319997440
ROYAL DUTCH-NY R    14878Z US   53932986439.36   117294881095.01
ROYAL DUT PETRO     ROY GR      53932986439.36   117294881095.01
ROYAL DUTCH SH-B    RDSB BQ       128866000896      281319997440
ROYAL DUTCH SH-A    RDSAPEN E     128866000896      281319997440
ROYAL DUTCH-C/E     RDC AR      53932986439.36   117294881095.01
ROYAL DUTCH -ASS    RDAG NA     53932986439.36   117294881095.01
EADS NV             EAD NQ      15523551876.73   106252485121.41
ING GROEP NV-CVA    INPI IX     40361794372.56  1682473775154.41
PHILIPS ELEC-NY     QUNPHG AU   21756134439.58    42006414999.16
ROYAL DUTCH SH-B    RDSB PZ       128866000896      281319997440
ROYAL DUTCH SH-A    RDSAAUD E     128866000896      281319997440
ING GROEP NV-CVA    INN GR      40361794372.56  1682473775154.41
ING GROEP NV-WI     ING-W NA    40361794372.56  1682473775154.41
ING GROEP NV-CVA    INGP FP     40361794372.56  1682473775154.41
ING GROEP NV-CVA    INGZ IX     40361794372.56  1682473775154.41
ROYAL DUTCH PETR    RYD LI      53932986439.36   117294881095.01
ROYAL DUTCH-ADR     RDS/B MM      128866000896      281319997440
ING GROEP NV-CVA    INGA EO     40361794372.56  1682473775154.41
PHILIPS ELEC-CED    PHG AR      21756134439.58    42006414999.16
UNILEVER NV-NYS     UN US       14471533493.49    49585136559.41
ROYAL DUTCH-ADR     R6C1 GR       128866000896      281319997440
ROYAL DUTCH SH-A    RDSAGBP E     128866000896      281319997440
EADS NV             EADGBX EU   15523551876.73   106252485121.41
ROYAL DUTCH SH-A    RDSAZAR E     128866000896      281319997440
ROYAL DUTCH SH-A    RDSA EB       128866000896      281319997440
ROYAL DUTCH SH-B    RDSBEUR E     128866000896      281319997440
EADS N.V.+          EAD ES      15523551876.73   106252485121.41
ROYAL DUTCH SH-A    RDSA VX       128866000896      281319997440
PHILIPS ELECTRON    PHIAUSD E   21756134439.58    42006414999.16
ROYAL DUTCH SH-A    RDSA IX       128866000896      281319997440
ING GROEP NV-CVA    INGACHF E   40361794372.56  1682473775154.41
ROYAL DUTCH-OLD     1023Q BB    53932986439.36   117294881095.01
PHILIPS ELECTRON    PHG SW      21756134439.58    42006414999.16
PHILIPS ELECTRON    PH SW       21756134439.58    42006414999.16
ING GROEP-SCRIPS    INGS FP     40361794372.56  1682473775154.41
ROYAL DUTCH SH-A    RDSA EO       128866000896      281319997440
ROYAL DUTCH SH-A    RDSA LN       128866000896      281319997440
ROYAL DUTCH SH-A    RDSD LI       128866000896      281319997440
ROYAL DUTCH SH-B    RDSB/L IX     128866000896      281319997440
ROYAL DUTCH SH-A    RDSG IX       128866000896      281319997440
ROYAL DUTCH SH-A    RDSAEUR B     128866000896      281319997440
ROYAL DUT PETRO     1353Q LN    53932986439.36   117294881095.01
ING GROEP NV-CVA    INGP PZ     40361794372.56  1682473775154.41
ROYAL DUTCH SH-B    RDSB TQ       128866000896      281319997440
ING GROEP NV-CVA    INGAAUD E   40361794372.56  1682473775154.41
EADS N.V.           EAD LI      15523551876.73   106252485121.41


NORWAY
------
STATOILHYDRO ASA    STLGBX EO   31035695224.61    85401148662.56
STATOILHYDRO ASA    STLCHF EU   31035695224.61    85401148662.56
STATOILHYDRO ASA    STL NO      31035695224.61    85401148662.56
STATOILHYDRO ASA    STLGBP EO   31035695224.61    85401148662.56
STATOILHYDRO ASA    STLGBX EU   31035695224.61    85401148662.56
STATOILHYDRO ASA    STLCHF EO   31035695224.61    85401148662.56
STATOILHYDRO ASA    STL EB      31035695224.61    85401148662.56
STATOILHYDRO ASA    STL SS      31035695224.61    85401148662.56
STATOILHYDRO ASA    STLEUR EU   31035695224.61    85401148662.56
STATOILHYDRO ASA    STL NQ      31035695224.61    85401148662.56
STATOILHYDRO ASA    STLUSD EO   31035695224.61    85401148662.56
STATOILHYDRO ASA    STOHF US    31035695224.61    85401148662.56
STATOILHYDRO ASA    STL EO      31035695224.61    85401148662.56
STATOIL ASA-ADR     STO US      31035695224.61    85401148662.56
STATOIL ADR-W/I     STO-W US    31035695224.61    85401148662.56
STATOIL ASA-ADR     DNQA GR     31035695224.61    85401148662.56
STATOILHYDRO ASA    STLUSD EU   31035695224.61    85401148662.56
STATOILHYDRO ASA    DNQ GR      31035695224.61    85401148662.56
SING TAO HOLDING    SLDKF US    31035695224.61    85401148662.56
STATOILHYDRO ASA    STAA IX     31035695224.61    85401148662.56
STATOILHYDRO ASA    STL NR      31035695224.61    85401148662.56
STATOILHYDRO ASA    STLEUR EO   31035695224.61    85401148662.56
STATOILHYDRO ASA    STL SW      31035695224.61    85401148662.56
STATOILHYDRO ASA    STL BY      31035695224.61    85401148662.56
STATOILHYDRO ASA    STL PZ      31035695224.61    85401148662.56
STATOILHYDRO ASA    STL VX      31035695224.61    85401148662.56
STATOILHYDRO ASA    STAT IX     31035695224.61    85401148662.56
STATOILHYDRO ASA    STL TQ      31035695224.61    85401148662.56
STATOILHYDRO ASA    STL EU      31035695224.61    85401148662.56


RUSSIA
------
LUKOIL-REG S GDR    LUKRF US       50339999744       72562999296
LUKOIL OAO-CLS      LKOHS RU       50339999744       72562999296
SURGUTNEFTEG-ADR    SGNG IX     36033704461.07    37965716787.24
AK TRANSNEFT-PFD    TRNFP RM    18220073940.17    35428701902.54
ROSNEFT OIL         ROSN* RU       39597998080       77173997568
ROSNEFT OIL         RNFTF US       39597998080       77173997568
ROSNEFT OIL-GDR     OJS GR         39597998080       77173997568
ROSNEFT OIL-GDR     747563Z L      39597998080       77173997568
LUKOIL-ADR PFD      LUKV GR        50339999744       72562999296
LUKOIL OAO-CLS      LKOH EU        50339999744       72562999296
LUKOIL OAO-CLS      LKOHG RU       50339999744       72562999296
ROSNEFT OJSC-GDR    ROSR IX        39597998080       77173997568
ROSNEFT OIL-T+0     ROSNG RU       39597998080       77173997568
ROSNEFT OIL         ROSN RU        39597998080       77173997568
GAZPROM-ADR         GAZP IX    167096592142.13   243806039157.48
GAZPROM-CEDEAR      OGZD AR    167096592142.13   243806039157.48
GAZPROM-CLS         GAZP* RU   167096592142.13   243806039157.48
GAZPROM-ADR 144A    81JK LI    167096592142.13   243806039157.48
GAZPROM-ADR 144A    OGZRY US   167096592142.13   243806039157.48
GAZPROM-GDR         GZPM EX    167096592142.13   243806039157.48
GAZPROM-MSE         GAZPM RU   167096592142.13   243806039157.48
LUKOIL OAO-ADR      LKOH044*       50339999744       72562999296
GAZPROM-GTS         GAZP01$ R  167096592142.13   243806039157.48
GAZPROM-MSE         686261Q R  167096592142.13   243806039157.48
GAZPROM-ADR         OGZPY US   167096592142.13   243806039157.48
LUKOIL              LKOH$ RU       50339999744       72562999296
GAZPROM-ADR         GAZ GR     167096592142.13   243806039157.48
TNK-BP HOLD-PFD     TNBPP RU       16293000192       27904000000
LUKOIL HLDG-RDC     LKOHRDC B      50339999744       72562999296
LUKOIL OAO-144A     LKOE LI        50339999744       72562999296
LUKOIL OAO-ADR      LUKOY US       50339999744       72562999296
LUKOIL-HLDG-RDC     LKOHR LX       50339999744       72562999296
GAZPROM-ADR         GAZG IX    167096592142.13   243806039157.48
GAZPROM-UNSP ADR    GAZ LX     167096592142.13   243806039157.48
ROSNEFT OJSC-GDR    OJS1 GR        39597998080       77173997568
ROSNEFT OJSC-GDR    ROSN LI        39597998080       77173997568
SBERBANK-PFD        SBERP RU    25513329218.91   229110622006.41
ROSNEFT-STD         ROSNS RU       39597998080       77173997568
ROSNEFT OJSC-GDR    OJSCF US       39597998080       77173997568
ROSNEFT OJSC-GDR    ROSA IX        39597998080       77173997568
SURGUTNEFTEG-T+0    JSUGF US    36033704461.07    37965716787.24
RUSSIAN RAILWAYS    73831Z RU   56470587304.51    80887625444.51
LUKOIL OAO-CLS      LUKOF US       50339999744       72562999296
LUKOIL OAO-ADR      LKOD PG        50339999744       72562999296
LUKOIL OAO-ADR      LUK GR         50339999744       72562999296
LUKOIL-HLDG-PFD$    LKOHP RU       50339999744       72562999296
SURGUTNEFTEG-PFD    SNGSPG$ R   36033704461.07    37965716787.24
LUKOIL-$-GTS        LKOHG$ RU      50339999744       72562999296
LUKOIL OAO-CLS      LKOH EO        50339999744       72562999296
GAZPROM             GAZP$ RU   167096592142.13   243806039157.48
ROSNEFT OIL-GDR     OCRNL US       39597998080       77173997568
LUKOIL OAO-CLS      LKOHEUR E      50339999744       72562999296
GAZPROM-MSE         GAZPM* RU  167096592142.13   243806039157.48
SBERBANK-STD        SBERS RU    25513329218.91   229110622006.41
SURGUTNEFTEGAZ      SNGS$ RU    36033704461.07    37965716787.24
LUKOIL-REGS ADR     LKOA LI        50339999744       72562999296
SBERBANK RF-PFD     SBERP$ RU   25513329218.91   229110622006.41
LUKOIL-5 ISSUE      LKOH1 RM       50339999744       72562999296
SURGUTNEFTEG-T+0    SNGSG RU    36033704461.07    37965716787.24
LUKOIL-ADR          LUK EX         50339999744       72562999296
SBERBANK-CLS        SBER* RU    25513329218.91   229110622006.41
SURGUTNEFTEGAZ-P    SNGSP$ RU   36033704461.07    37965716787.24
SURGUTNEFTEGAZ-G    SNGSG$ RU   36033704461.07    37965716787.24
SURGUTNEFTEG-PFD    SNGSPS RU   36033704461.07    37965716787.24
LUKOIL-SPONS 144    LUKZY US       50339999744       72562999296
SBERBANK-GDR        SBNA GR     25513329218.91   229110622006.41
LUKOIL-HLDGS-PFD    LKOHP RM       50339999744       72562999296
GAZPROM-MSE         686253Q R  167096592142.13   243806039157.48
ROSNEFT OIL         ROSN RM        39597998080       77173997568
UNIFIED ENER-CLS    EESR RU     39002110136.03    58628934680.36
LUKOIL-ADR          LKOB IX        50339999744       72562999296
LUKOIL-SPON ADR     LUKQY US       50339999744       72562999296
LUKOIL-SPON GDR     LUKBY US       50339999744       72562999296
SURGUTN-ADR PREF    SGTPY US    36033704461.07    37965716787.24
SURGUTN-ADR PREF    SGNV GR     36033704461.07    37965716787.24
SBERBANK-T+0        SBERG RU    25513329218.91   229110622006.41
SURGUTNEFTEG-PFD    SNGSP RM    36033704461.07    37965716787.24
SURGUTNEFTEG-ADR    SGGD LI     36033704461.07    37965716787.24
SURGUTN-ADR PREF    SGNV IX     36033704461.07    37965716787.24
LUKOIL OAO-144A     LUKFY US       50339999744       72562999296
TNK-BP HOLD-BRD     TNBP* RU       16293000192       27904000000
SURGUTNEFTEG-       SNGSS RU    36033704461.07    37965716787.24
LUKOIL OAO-CLS      LKOHEUR E      50339999744       72562999296
GAZPROM-ADR         OGZPF US   167096592142.13   243806039157.48
SURGUTNEFTEG-PFD    SNGSP* RU   36033704461.07    37965716787.24
SURGUTNEFTEG-ADR    ASGTY US    36033704461.07    37965716787.24
UNIFIED ENER-GDR    EESR IX     39002110136.03    58628934680.36
SURGUTNEFTEG-PFD    SNGSP RU    36033704461.07    37965716787.24
SBERBANK-GDR        SBNA EO     25513329218.91   229110622006.41
SURGUTNEFTEG-ADR    SGGD IX     36033704461.07    37965716787.24
SURGUTNEFTEG-ADR    SGTZY US    36033704461.07    37965716787.24
SURGUTNEFTEG-PFD    SNGSPG RU   36033704461.07    37965716787.24
SURGUTNEFTEG-MSE    SNGSM RU    36033704461.07    37965716787.24
SURGUTNEFTEG-CLS    SNGS RU     36033704461.07    37965716787.24
LUKOIL-144A ADR     LUKLY US       50339999744       72562999296
SBERBANK            SBER RM     25513329218.91   229110622006.41
LUKOIL OAO-CLS      LKOHRUB E      50339999744       72562999296
LUKOIL OAO-CLS      LKOH LI        50339999744       72562999296
LUKOIL-144A ADR     LKOC LI        50339999744       72562999296
SBERBANK            SBER03 RM   25513329218.91   229110622006.41
SBERBANK            SBERZ HK    25513329218.91   229110622006.41
SBERBANK-CLS        SBER RU     25513329218.91   229110622006.41
SBERBANK RF         SBER$ RU    25513329218.91   229110622006.41
SBERBANK - 001D     SBER001D    25513329218.91   229110622006.41
LUKOIL OAO-CLS      LKOHRUB E      50339999744       72562999296
LUKOIL OAO-CLS      LKOH RM        50339999744       72562999296
SBERBANK-PFD-STD    SBERPS RU   25513329218.91   229110622006.41
SBERBANK-PFD        AGNYF US    25513329218.91   229110622006.41
SBERBANK-PFD        SBERP* RU   25513329218.91   229110622006.41
SBERBANK-GDR        SBRBF US    25513329218.91   229110622006.41
SBERBANK-GDR        SBER IX     25513329218.91   229110622006.41
SBERBANK-PFD        SBERP RM    25513329218.91   229110622006.41
SBERBANK-PFD        SBERP03 R   25513329218.91   229110622006.41
LUKOIL OAO-CLS      LKOHM RU       50339999744       72562999296
LUKOIL HLDGS-PFD    LUKPF US       50339999744       72562999296
LUKOIL-GDR          LKOS LI        50339999744       72562999296
SURGUTNEF-ADR PF    SGNV EX     36033704461.07    37965716787.24
LUKOIL-B GDR        LKOB LI        50339999744       72562999296
LUKOIL-GDR          LKOR LI        50339999744       72562999296
GAZPROM-CLS         GAZP RU    167096592142.13   243806039157.48
LUKOIL-HLDGS-PFD    LKOHP$ RU      50339999744       72562999296
LUKOIL-GDR          LUKBF US       50339999744       72562999296
SBERBANK-PFD        SBERPG RU   25513329218.91   229110622006.41
LUKOIL-HLDG-144A    LKOHA LX       50339999744       72562999296
LUKOIL-HLDG-PFD     LKOHPG RU      50339999744       72562999296
SURGUTNEFTEG-ADR    SGN GR      36033704461.07    37965716787.24
LUKOIL-CEDEAR       LKODB AR       50339999744       72562999296
SBERBANK            AKSJF US    25513329218.91   229110622006.41
LUKOIL-ADR          LKOD IX        50339999744       72562999296
GAZPROM-RTS TRAD    GSPBEX$ R  167096592142.13   243806039157.48
LUKOIL-GDR          LKOS LN        50339999744       72562999296
LUKOIL-GDR          LUKG GR        50339999744       72562999296
SURGUTNEFTEG-ADR    SGN EX      36033704461.07    37965716787.24
LUKOIL OAO-CLS      LKOH RU        50339999744       72562999296
UNIFIED ENER-CLS    EESR* RU    39002110136.03    58628934680.36
SBERBANK-GDR        318712Z L   25513329218.91   229110622006.41
LUKOIL OAO-CLS      LKOH PZ        50339999744       72562999296
GAZPROM-ADR         OGZD EO    167096592142.13   243806039157.48
UNIFIED ENER-ADR    USERY US    39002110136.03    58628934680.36
UNIFIED ENER-ADR    USEPY US    39002110136.03    58628934680.36
UNIFIED ENER SYS    EESR RM     39002110136.03    58628934680.36
TRANSNEFT-PFD       TRNFP RU    18220073940.17    35428701902.54
SURGUTNEFTEGAZ      SNGS RM     36033704461.07    37965716787.24
GAZPROM-ADR         OGZD PG    167096592142.13   243806039157.48
LUKOIL-CEDEAR       LKOD AR        50339999744       72562999296
TRANSNEFT-PFD       TRNFP* RU   18220073940.17    35428701902.54
LUKOIL-SPONS 144    68FV LI        50339999744       72562999296
UNIFIED ENER-MSE    EESRM RU    39002110136.03    58628934680.36
UNIFIED ENERGY-P    EESRP$ RU   39002110136.03    58628934680.36
UNIFIED ENER-PFD    EESRP* RU   39002110136.03    58628934680.36
UNIFIED ENER-PFD    EESRPM RU   39002110136.03    58628934680.36
UNIFIED ENER-PFD    EESRPG$ R   39002110136.03    58628934680.36
UNIFIED ENERGY      EESR$ RU    39002110136.03    58628934680.36
UNIFIED ENERG-CT    UES LX      39002110136.03    58628934680.36
UNIFIED ENER-T+0    EESRG RU    39002110136.03    58628934680.36
UNIFIED ENER-PFD    EESRPG RU   39002110136.03    58628934680.36
UNIFIED ENER-GDR    UES EX      39002110136.03    58628934680.36
LUKOIL-GDR          LUKUF US       50339999744       72562999296
UNIFIED ENER-GDR    UES GR      39002110136.03    58628934680.36
UNIFIED ENER-PFD    EESRP RM    39002110136.03    58628934680.36
UNIFIED ENER-GDR    UESD LI     39002110136.03    58628934680.36
UNIFIED ENER SYS    USERF US    39002110136.03    58628934680.36
TNK-BP HOLD-PFD     TNBPP* RU      16293000192       27904000000
LUKOIL HLDG-$ -G    LKOHPG$ R      50339999744       72562999296
TRANSNEFT-RTS BO    TRNF$ RU    18220073940.17    35428701902.54
TRANSNEFT-PREF      TRNFP$ RU   18220073940.17    35428701902.54
UNIFIED ENERG-$G    EESRG$ RU   39002110136.03    58628934680.36
TRANSNEFT-PFD       TRNFPG RU   18220073940.17    35428701902.54
GAZPROM             GSPBEX RU  167096592142.13   243806039157.48
LUKOIL OAO-ADR      LKOH044 R      50339999744       72562999296
TRANSNEFT           TRNF* RU    18220073940.17    35428701902.54
GAZPROM-ADR         RGZD LI    167096592142.13   243806039157.48
LUKOIL OAO-CLS      LKOHGBX E      50339999744       72562999296
TRANSNEFT-PFD       TRNFPS RU   18220073940.17    35428701902.54
TRANSNEFT-PFD       TRNFF US    18220073940.17    35428701902.54
TRANSNEFT           TRNF RU     18220073940.17    35428701902.54
UNIFIED ENER-GDR    319988Z U   39002110136.03    58628934680.36
UNIFIED ENER-PFD    EESRP RU    39002110136.03    58628934680.36
UNIFIED ENER-GDR    UESG IX     39002110136.03    58628934680.36
LUKOIL OAO-ADR      LKOD LI        50339999744       72562999296
LUKOIL-CEDEAR       LKODD AR       50339999744       72562999296
LUKOIL-ADR PFD      LUKPY US       50339999744       72562999296
LUKOIL-ADR PFD      LUKV EX        50339999744       72562999296
LUKOIL OAO-CLS      LKOH* RU       50339999744       72562999296
TNK-BP HOLD-BRD     TNKBF US       16293000192       27904000000
TNK-BP HOLD-BRD     TNBP RU        16293000192       27904000000
SBERBANK            SBERG$ RU   25513329218.91   229110622006.41
ROSNEFT OJSC-GDR    ROSN EO        39597998080       77173997568
LUKOIL-HLDGS-PFD    LKOHP* RU      50339999744       72562999296
SBERBANK-PFD        SBERPG$ R   25513329218.91   229110622006.41
UNIFIED ENER-GDR    USEUF US    39002110136.03    58628934680.36
SURGUTNEFTEG-PFD    SNGSPM RU   36033704461.07    37965716787.24
GAZPROM             GAZP RM    167096592142.13   243806039157.48
LUKOIL OAO-CLS      LKOHGBX E      50339999744       72562999296
GAZPROM             RGZPF US   167096592142.13   243806039157.48
GAZPROM-ADR         OGZIF US   167096592142.13   243806039157.48
LUKOIL-CEDEAR       LKODC AR       50339999744       72562999296
GAZPROM OAO-STD     GAZPS RU   167096592142.13   243806039157.48
GAZPROM-ADR         OGZD LI    167096592142.13   243806039157.48
SURGUTNEFTEG-CLS    SNGS* RU    36033704461.07    37965716787.24


SWEDEN
------
ERICSSON LM-ADR     ERCA GR     18087198929.39    34195454606.52
ERICSSON LM-A       ERIAF US    18087198929.39    34195454606.52
NORDEA BANK-FDR     NDA1VGBP    24839636942.24    644821092237.2
ERICSSON LM-B       TFLMF US    18087198929.39    34195454606.52
NORDIC BALTIC-      NBHE SS     24839636942.24    644821092237.2
TELIASONERA AB      TLSN EU     18006237299.59    33123412907.18
NORDEA BANK-NEW     NDA1VN FH   24839636942.24    644821092237.2
ERICSSON LM-B       ERICBGBX    18087198929.39    34195454606.52
NORDEA BANK-FDR     NDA1V TQ    24839636942.24    644821092237.2
NORDEA BANK-FDR     NDA1V EU    24839636942.24    644821092237.2
ERICSSON LM-B       ERIB IX     18087198929.39    34195454606.52
ERICSSON LM-B       ERCB GR     18087198929.39    34195454606.52
NORDEA BANK AB      NDAUSD EU   24839636942.24    644821092237.2
INVESTOR AB-A       INVEA BY    14682705874.67    16670217885.04
ERICSSON LM-B       590584Q S   18087198929.39    34195454606.52
INVESTOR AB-A       INVEAGBX    14682705874.67    16670217885.04
ERICSSON LM-B       ERICB BY    18087198929.39    34195454606.52
ERICSSON LM-B       ERICB NR    18087198929.39    34195454606.52
TELIASONERA AB      TLSN NQ     18006237299.59    33123412907.18
NORDEA BANK-FDR     NDBFF US    24839636942.24    644821092237.2
NORDEA BANK AB      NDAGBX EU   24839636942.24    644821092237.2
INVESTOR AB-A       INVEAEUR    14682705874.67    16670217885.04
ERICSSON LM-B       ERICBEUR    18087198929.39    34195454606.52
ERICSSON LM-B       ERICBUSD    18087198929.39    34195454606.52
NORDBANKEN H-OLD    NBHBT SS    24839636942.24    644821092237.2
NORDEA BANK AB      NRDEF US    24839636942.24    644821092237.2
ERICSSON LM-B       ERIBR FH    18087198929.39    34195454606.52
ERICSSON LM-A       ERICAEUR    18087198929.39    34195454606.52
INVESTOR AB-B       INVEB VX    14682705874.67    16670217885.04
ERICSSON LM-B       ERICBEUR    18087198929.39    34195454606.52
ERICSSON LM-B       ERICBGBP    18087198929.39    34195454606.52
ERICSSON LM-B       ERICB SS    18087198929.39    34195454606.52
NORDEA BANK-RTS     NDATR DC    24839636942.24    644821092237.2
ERICSSON LM-B       ERICBDKK    18087198929.39    34195454606.52
ERICSSON LM-A       LMEA IX     18087198929.39    34195454606.52
INVESTOR AB-B       INVEB SS    14682705874.67    16670217885.04
ERICSSON LM-B       799388Q F   18087198929.39    34195454606.52
ERICSSON LM-B       ERICB EO    18087198929.39    34195454606.52
INVESTOR AB-B       INVE/B PZ   14682705874.67    16670217885.04
ERICSSON LM-B       ERICBUSD    18087198929.39    34195454606.52
ERICSSON LM-B       ERUC FH     18087198929.39    34195454606.52
ERICSSON LM-B       ERICBDKK    18087198929.39    34195454606.52
ERICSSON LM-B       LME NO      18087198929.39    34195454606.52
ERICSSON LM-B       ERICB EU    18087198929.39    34195454606.52
TELIASONERA-ADR     3053602Q    18006237299.59    33123412907.18
TELIASONERA-ADR     TLSNY US    18006237299.59    33123412907.18
ERICSSON LM         QUQERC AU   18087198929.39    34195454606.52
NORDEA BANK-FDR     NDA1VGBX    24839636942.24    644821092237.2
ERICSSON LM-B       ERICBGBX    18087198929.39    34195454606.52
ERICSSON LM-B       ERCB VX     18087198929.39    34195454606.52
ERICSSON LM-B       ERIXF US    18087198929.39    34195454606.52
TELIASONERA AB      TLS1V FH    18006237299.59    33123412907.18
NORDEA BANK AB      NDA SS      24839636942.24    644821092237.2
INVESTOR AB-B       INVEBEUR    14682705874.67    16670217885.04
NORDIC BALTIC AB    NBH SS      24839636942.24    644821092237.2
NORDIC BALTIC-NE    NBHBTA DC   24839636942.24    644821092237.2
ERICSSON LM-B       LMEB IX     18087198929.39    34195454606.52
ERICSSON LM-B       ERIBF US    18087198929.39    34195454606.52
ERICSSON LM-B       ERCB IX     18087198929.39    34195454606.52
ERICSSON LM-B CT    ERC GR      18087198929.39    34195454606.52
ERICSSON LM-A       ERICA TQ    18087198929.39    34195454606.52
TELIASONERA AB      TLSNUSD E   18006237299.59    33123412907.18
ERICSSON LM-B       ERI PO      18087198929.39    34195454606.52
ERICSSON L M-B      ERICF US    18087198929.39    34195454606.52
ERICSSON LM-B CT    TFKEF US    18087198929.39    34195454606.52
NORDEA BANK AB      NDA NQ      24839636942.24    644821092237.2
ERICSSON LM-A       ERICA SS    18087198929.39    34195454606.52
TELIASONERA AB      TLSNEUR E   18006237299.59    33123412907.18
TELIASONERA AB      TLSNF US    18006237299.59    33123412907.18
INVESTOR AB-A       INVEA VX    14682705874.67    16670217885.04
TELIASONERA AB      TLSNEUR B   18006237299.59    33123412907.18
NORDEA BANK AB      NDA EB      24839636942.24    644821092237.2
INVESTOR AB-B       INVEBGBX    14682705874.67    16670217885.04
NORDEA BANK AB      NDADKK EB   24839636942.24    644821092237.2
INVESTOR AB-A       INVEA EO    14682705874.67    16670217885.04
ERICSSON -CED BL    ERICB AR    18087198929.39    34195454606.52
ERICSSON LM-A       ERIC/A PZ   18087198929.39    34195454606.52
NORDEA BANK AB      NDBG IX     24839636942.24    644821092237.2
NORDEA BANK-FDR     NDA1V NQ    24839636942.24    644821092237.2
TELIASONERA-RTS     TLSE GR     18006237299.59    33123412907.18
ERICSSON -CEDEAR    ERIC AR     18087198929.39    34195454606.52
ERICSSON-CON RTS    ERICSR SS   18087198929.39    34195454606.52
NORDEA BANK AB      NDABTA SS   24839636942.24    644821092237.2
NORDEA BANK AB      NDAC IX     24839636942.24    644821092237.2
ERICSSON -CED CE    ERICC AR    18087198929.39    34195454606.52
INVESTOR AB-B       INVEB TQ    14682705874.67    16670217885.04
ERICSSON LM-B       ERIC GR     18087198929.39    34195454606.52
NORDEA BANK-FDR     NDA1V EB    24839636942.24    644821092237.2
INVESTOR AB-A       IVSXF US    14682705874.67    16670217885.04
NORDBANKEN HOLD     NDN LI      24839636942.24    644821092237.2
ERICSSON LM-A       ERICAEUR    18087198929.39    34195454606.52
NORDEA BANK-FDR     NDAV IX     24839636942.24    644821092237.2
NORDEA BANK-FDR     NDA1V BY    24839636942.24    644821092237.2
ERICSSON LM-ADR     ERCC IX     18087198929.39    34195454606.52
INVESTOR AB-A       INVE/A PZ   14682705874.67    16670217885.04
ERICSSON LM-B       ERICBCHF    18087198929.39    34195454606.52
NORDIC BANK  -      NDBLF US    24839636942.24    644821092237.2
ERICSSON LM-B       ERICB EB    18087198929.39    34195454606.52
ERICSSON LM-B       ERI SW      18087198929.39    34195454606.52
ERICSSON LM-ADR+    ERICY ES    18087198929.39    34195454606.52
ERICSSON LM-RTS     TABRF US    18087198929.39    34195454606.52
NORDEA BANK AB      NDAGBX EO   24839636942.24    644821092237.2
INVESTOR AB-B       INVEBGBP    14682705874.67    16670217885.04
ERICSSON LM-ADR     ERICY US    18087198929.39    34195454606.52
NORDEA BANK AB      NDA BY      24839636942.24    644821092237.2
ERICSSON LM-ADR     ERICD US    18087198929.39    34195454606.52
ERICSSON LM-A       ERICA BY    18087198929.39    34195454606.52
ERICSSON LM-A       ERICA EU    18087198929.39    34195454606.52
ERICSSON LM-ADR     ERICYN MM   18087198929.39    34195454606.52
NORDEA BANK AB      3234373Z    24839636942.24    644821092237.2
NORDEA BANK AB      NDAS IX     24839636942.24    644821092237.2
ERICSSON LM-A       ERCG GR     18087198929.39    34195454606.52
ERICSSON LM-ADR     LME LN      18087198929.39    34195454606.52
ERICSSON LM-ADR     ERICN MM    18087198929.39    34195454606.52
ERICSSON LM-ADR     ERIC US     18087198929.39    34195454606.52
NORDEA BANK-FDR     NBZF GR     24839636942.24    644821092237.2
NORDEA BANK AB      NDADKK BY   24839636942.24    644821092237.2
INVESTOR AB-B       INVB LI     14682705874.67    16670217885.04
INVESTOR AB-B       INVEBEUR    14682705874.67    16670217885.04
NORDEA BANK AB      NDA PZ      24839636942.24    644821092237.2
NORDEA BANK AB      NDA VX      24839636942.24    644821092237.2
TELIASONERA AB      TLSN EO     18006237299.59    33123412907.18
ERICSSON LM-A       LMEA SS     18087198929.39    34195454606.52
VATTENFALL AB       VATT SS     17934694566.18    56753480957.93
ERICSSON LM-B       ERIC/B PZ   18087198929.39    34195454606.52
NORDEA BANK AB      NDA EU      24839636942.24    644821092237.2
NORDIC BALTIC-FD    NBH1V FH    24839636942.24    644821092237.2
NORDEA BANK AB      NDA EO      24839636942.24    644821092237.2
NORDEA BANK-FDR     NDA1VGBX    24839636942.24    644821092237.2
INVESTOR AB-B       IVSB GR     14682705874.67    16670217885.04
INVESTOR AB-B       INU LN      14682705874.67    16670217885.04
ERICSSON LM-B       ERI LI      18087198929.39    34195454606.52
TELIASONERA-RTS     TLS1VSR1    18006237299.59    33123412907.18
TELIASONERA AB      TEE LN      18006237299.59    33123412907.18
INVESTOR AB-B       INVEB EB    14682705874.67    16670217885.04
INVESTOR AB-B       INVB IX     14682705874.67    16670217885.04
TELIASONERA AB      TLIA VX     18006237299.59    33123412907.18
ERICSSON LM-RTS     ERIRY US    18087198929.39    34195454606.52
TELIA AB            TLIA SS     18006237299.59    33123412907.18
TELIASONERA AB      TLS GR      18006237299.59    33123412907.18
NORDEA BANK AB      NDAEUR EU   24839636942.24    644821092237.2
NORDEA BANK AB      NDA1VU FH   24839636942.24    644821092237.2
INVESTOR AB-B       INVEB EU    14682705874.67    16670217885.04
TELIASONERA AB      TLIA IX     18006237299.59    33123412907.18
INVESTOR AB-A       INVEA NQ    14682705874.67    16670217885.04
TELIASONERA AB      TLSNEUR N   18006237299.59    33123412907.18
NORDEA BANK AB      NDADKK EO   24839636942.24    644821092237.2
INVESTOR AB-A       INVEAGBP    14682705874.67    16670217885.04
TELIASONERA AB      TLSNGBP E   18006237299.59    33123412907.18
TELEFONAKTIEBOLA    130132Z S   18087198929.39    34195454606.52
TELIASONERA AB      TLSN BY     18006237299.59    33123412907.18
TELIASONERA AB      TLSNEUR E   18006237299.59    33123412907.18
NORDEA BANK AB      NDAEUR EO   24839636942.24    644821092237.2
TELIASONERA AB      TLSN NR     18006237299.59    33123412907.18
TELIASONERA AB      TLSN SS     18006237299.59    33123412907.18
ERICSSON LM-B       ERICB NQ    18087198929.39    34195454606.52
NORDEA BANK-ADR     NDBAY US    24839636942.24    644821092237.2
NORDEA BANK AB      NDA TQ      24839636942.24    644821092237.2
TELIASONERA AB      TLSN VX     18006237299.59    33123412907.18
TELIASONERA AB      TLSNGBX E   18006237299.59    33123412907.18
NORDEA BANK AB      NDAGBP EO   24839636942.24    644821092237.2
INVESTOR AB-B       IVSBF US    14682705874.67    16670217885.04
INVESTOR AB-B       INVEB EO    14682705874.67    16670217885.04
TELIASONERA AB      TLS1V PZ    18006237299.59    33123412907.18
NORDEA BANK AB      NDA DC      24839636942.24    644821092237.2
TELIASONERA AB      TLSN EB     18006237299.59    33123412907.18
INVESTOR AB-A       INVEAGBX    14682705874.67    16670217885.04
NORDEA BANK AB      NDADKK NQ   24839636942.24    644821092237.2
TELIASONERA AB      TLSNEUR E   18006237299.59    33123412907.18
NORDEA BANK AB      NRDAF US    24839636942.24    644821092237.2
NORDEA BANK-FDR     NDA1V FH    24839636942.24    644821092237.2
TELIASONERA AB      TLSNGBX E   18006237299.59    33123412907.18
ERICSSON LM-PFD     ERICZ US    18087198929.39    34195454606.52
INVESTOR AB-A       INVEASKK    14682705874.67    16670217885.04
ERICSSON LM-RTS     ERC8 GR     18087198929.39    34195454606.52
ERICSSON LM-B       ERICB TQ    18087198929.39    34195454606.52
ERICSSON LM-NEW     ERICBTB S   18087198929.39    34195454606.52
INVESTOR AB-A       IVSA GR     14682705874.67    16670217885.04
INVESTOR AB-A       INVA LI     14682705874.67    16670217885.04
ERICSSON LM-RTS     ERICTRB S   18087198929.39    34195454606.52
NORDEA BANK AB      NDADKK EU   24839636942.24    644821092237.2
ERICSSON-ADR W/I    ERICV US    18087198929.39    34195454606.52
NORDEA BANK AB      NDBHF US    24839636942.24    644821092237.2
NORDEA BANK-FDR     NDBGI IX    24839636942.24    644821092237.2
ERICSSON LM-RTS     ERC7 GR     18087198929.39    34195454606.52
NORDEA BANK-FDR     NDA1V EO    24839636942.24    644821092237.2
ERICSSON LM-B       ERI LN      18087198929.39    34195454606.52
INVESTOR AB-A       INVEA SS    14682705874.67    16670217885.04
ERICSSON LM-B       ED FP       18087198929.39    34195454606.52
NORDEA BANK-FDR     NRDDF US    24839636942.24    644821092237.2
TELIASONERA AB      TLSN TQ     18006237299.59    33123412907.18
NORDEA BANK AB-     NDAE SS     24839636942.24    644821092237.2
ERICSSON LM-B       LMEB SS     18087198929.39    34195454606.52
NORDBANK SUB REC    NBHMO FH    24839636942.24    644821092237.2
INVESTOR AB-A       INVEAEUR    14682705874.67    16670217885.04
TELIASONERA AB      TLSV IX     18006237299.59    33123412907.18
NORDIC BALT-NEW2    NBHBTA2 D   24839636942.24    644821092237.2
TELIASONERA AB      TLSS IX     18006237299.59    33123412907.18
ERICSSON LM-B       ESSB LN     18087198929.39    34195454606.52
NORDEA BANK AB      NDAUSD EO   24839636942.24    644821092237.2
INVESTOR AB-A       INVEA EB    14682705874.67    16670217885.04
INVESTOR AB-A       INVEA EU    14682705874.67    16670217885.04
INVESTOR AB-ADR     IVSBY US    14682705874.67    16670217885.04
INVESTOR AB-B       INVEB NR    14682705874.67    16670217885.04
TELIASONERA-ADR     TLSA GR     18006237299.59    33123412907.18
TELIASONERA-RTS     TLSNSR1 S   18006237299.59    33123412907.18
INVESTOR AB-A       INVA IX     14682705874.67    16670217885.04
INVESTOR AB-A       INVEASKK    14682705874.67    16670217885.04
NORDEA BANK AB      NOE LN      24839636942.24    644821092237.2
INVESTOR AB-B       INVEB BY    14682705874.67    16670217885.04
TELIASONERA AB      TLSNUSD E   18006237299.59    33123412907.18
INVESTOR AB-B       INVEBGBX    14682705874.67    16670217885.04
TELIA AB            TLAAF US    18006237299.59    33123412907.18
NORDEA BANK AB      NDB GR      24839636942.24    644821092237.2
INVESTOR AB-B       INVEB NQ    14682705874.67    16670217885.04
INVESTOR AB-A       INVEAUSD    14682705874.67    16670217885.04
NORDEA BANK-RTS     NDATR SS    24839636942.24    644821092237.2
NORDEA BANK AB      NDABTA DC   24839636942.24    644821092237.2
ERICSSON LM-RIGH    ERICR US    18087198929.39    34195454606.52
ERICSSON LM-ADR     ERC1 GR     18087198929.39    34195454606.52
ERICSSON-CED $US    ERICD AR    18087198929.39    34195454606.52
ERICSSON LM-B       ERICBCHF    18087198929.39    34195454606.52
NORDEA BANK AB      NDA NR      24839636942.24    644821092237.2
INVESTOR AB-A       INVEAUSD    14682705874.67    16670217885.04
INVESTOR AB-A       INVEA TQ    14682705874.67    16670217885.04
INVESTOR AB-A       IVSA VX     14682705874.67    16670217885.04
NORDIC BALTIC       NBH DC      24839636942.24    644821092237.2
TELIASONERA-ADR     TLSN US     18006237299.59    33123412907.18
ERICSSON LM-A       ERICA EO    18087198929.39    34195454606.52

                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.

                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Valerie C. Udtuhan, Marites O. Claro, Rousel Elaine
C. Tumanda, Joy A. Agravante, Marie Therese V. Profetana and Peter
A. Chapman, Editors.

Copyright 2009.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each. For subscription information,
contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *