September 1, 2006

To Our Valued Customers:

Please consider this notification pursuant to New York Stock Exchange Rule 108. It is the general policy of Stuart Frankel & Co, Incorporated to allow specialists to trade on a parity with a customer order for some or all of the executions entered into to fill the customer order, provided that our execution is consistent with the firm's best execution obligations. Unless we receive a duly executed letter from your firm objecting to this policy, executions on your behalf will be consistent with this policy.

If you have any questions, please do not hesitate to contact us.

Sincerely yours,

Jeffrey Frankel
Compliance Officer