(FORTUNE Magazine) – It was a particularly good year for financial services institutions--like the newly merged Morgan Stanley Dean Witter--that benefited from global deregulation. Pharmaceuticals like Merck and Novartis also thrived, thanks to hot, new drugs. Not so happy: steel, paper, chemicals, and other commodity industries. Their profit margins got caught in a vise of rising labor costs and increasing price competition.

1997 PROFITS AS % OF... RANK GLOBAL 500 REVENUES PROFITS REVENUES ASSETS Industry no. RANK $mil. $mil. Rank % Rank % Rank

1 AEROSPACE 8 COMPANIES 1 BOEING 39 45,800 (178) 8 (0) 8 (0) 8 U.S. 2 LOCKHEED MARTIN 103 28,069 1,300 1 5 3 5 3 U.S. 3 UNITED TECHNOLOGIES 130 24,713 1,072 3 4 5 6 2 U.S. 4 ALLIEDSIGNAL 279 14,472 1,170 2 8 1 9 1 U.S. 5 BRITISH AEROSPACE 376 11,904 264 6 2 7 2 7 BRITAIN 6 TEXTRON 429 10,544 558 4 5 2 3 5 U.S. 7 AEROSPATIALE 468 9,767 243 7 2 6 2 6 FRANCE 8 NORTHROP GRUMMAN 492 9,153 407 5 4 4 4 4 U.S. TOTAL 154,422 4,836 MEDIAN 13,188 483

2 AIRLINES 9 COMPANIES

1 AMR 204 18,570 985 2 5 6 5 5 U.S. 2 UAL 220 17,378 949 3 5 4 6 4 U.S. 3 BRITISH AIRWAYS 290 14,191 755 5 5 5 4 7 BRITAIN 4 DELTA AIR LINES 304 13,590 854 4 6 2 7 2 U.S. 5 LUFTHANSA GROUP 315 13,354 479 7 4 7 4 6 GERMANY 6 JAPAN AIRLINES 335 12,884 (513) 9 (4) 9 (3) 8 JAPAN 7 NWA 444 10,226 597 6 6 3 6 3 U.S. 8 AIR FRANCE GROUP 446 10,186 314 8 3 8 -- FRANCE 9 SEPI 463 9,916 2,534 1 26 1 15 1 SPAIN TOTAL 120,295 6,954 MEDIAN 13,354 755

3 BANKS: COMMERCIAL AND SAVINGS 68 COMPANIES 1 CREDIT SUISSE 37 48,242 274 49 1 55 0.1 54 SWITZERLAND 2 DEUTSCHE BANK 51 40,792 551 37 1 50 0.1 49 GERMANY 3 HSBC HOLDINGS 59 37,474 5,496 1 15 3 1.2 9 BRITAIN 4 BANK OF TOKYO- 67 34,750 (4,272) 68 (12) 67 (0.6) 66 MITSUBISHI JAPAN 5 CITICORP 68 34,697 3,591 4 10 14 1.2 11 U.S. 6 CREDIT AGRICOLE 70 34,015 1,689 12 5 33 0.4 31 FRANCE 7 CHASE MANHATTAN CORP. 90 30,381 3,708 3 12 10 1.0 13 U.S. 8 ABN AMRO HOLDING 97 28,946 1,975 7 7 26 0.5 26 NETHERLANDS 9 GAN 98 28,937 49 56 0 56 0.0 56 FRANCE 10 SOCIETE GENERALE 99 28,725 1,047 26 4 38 0.3 41 FRANCE 11 INDUSTRIAL BNK. 11 26,918 (1,651) 65 (6) 62 (0.4) 64 OF JAPAN JAPAN 12 BANQUE NAT. DE PARIS 34 24,344 1,022 27 4 36 0.3 35 FRANCE 13 BANKAMERICA CORP. 45 23,585 3,210 5 14 7 1.2 5 U.S. 14 FUJI BANK 47 22,912 (2,813) 67 (12) 66 (0.7) 67 JAPAN 15 SANWA BANK 49 22,805 (1,486) 63 (7) 63 (0.3) 62 JAPAN 16 CREDIT LYONNAIS 55 22,420 181 52 1 54 0.1 52 FRANCE 17 LLOYDS TSB GROUP 56 22,313 3,825 2 17 1 1.5 2 BRITAIN 18 WESTDEUTSCHE LANDESB. 61 21,859 400 44 2 48 0.1 48 GERMANY 19 NATIONSBANK CORP. 63 21,734 3,077 6 14 4 1.2 10 U.S. 20 DRESDNER BANK 66 21,534 958 29 4 35 0.3 42 GERMANY 21 SAKURA BANK 68 21,292 (719) 61 (3) 61 (0.2) 60 JAPAN 22 NATL. WESTMINSTER 69 21,155 1,101 24 5 31 0.4 34 BANK BRITAIN 23 BARCLAYS BANK 70 21,129 1,851 9 9 19 0.4 30 BRITAIN 24 SUMITOMO BANK 72 21,008 (2,047) 66 (10) 64 (0.4) 63 JAPAN 25 BANK OF CHINA 73 20,927 1,126 22 5 29 0.4 33 CHINA 26 BANCO DO BRASIL 78 20,310 532 38 3 44 0.5 25 BRAZIL 27 DAI-ICHI KANGYO BANK 86 19,713 (587) 60 (3) 60 (0.1) 59 JAPAN 28 UNION BANK OF SWITZ. 90 19,445 (89) 57 (0) 57 (0.0) 57 SWITZERLAND 29 COMMERZBANK 93 19,254 763 35 4 37 0.3 39 GERMANY 30 J.P. MORGAN & CO. 16 17,701 1,465 15 8 21 0.6 24 U.S. 31 BAYERISCHE 27 16,892 488 40 3 43 0.2 45 VEREINSBANK GERMANY 32 SWISS BANK CORP. 34 16,432 (171) 58 (1.) 58 (0.1) 58 SWITZERLAND 33 RABOBANK 48 15,635 977 28 6. 27 0.5 27 NETHERLANDS 34 PARIBAS 59 15,223 1,126 21 7. 23 0.5 28 FRANCE 35 SANTANDER GROUP 65 14,886 756 36 5. 32 0.4 29 SPAIN 36 NORINCHUKIN BANK 75 14,583 1,092 25 7. 22 0.3 38 JAPAN 37 FIRST UNION CORP. 84 14,329 1,896 8 13. 9 1.2 6 U.S. 38 HYPO-BANK GROUP 88 14,230 444 42 3. 41 0.2 43 GERMANY 39 ABBEY NATIONAL 91 14,172 1,561 13 11. 13 0.6 22 BRITAIN 40 GROUPE CAISSE 99 13,765 346 45 3. 46 0.2 46 FRANCE 41 BAYERISCHE LANDESBANK 22 13,252 346 46 3. 45 0.1 47 GERMANY 42 BANC ONE CORP. 23 13,219 1,306 17 10. 15 1.1 12 U.S. 43 ROYAL BANK OF CANADA 37 12,810 1,223 18 10. 16 0.7 18 CANADA 44 HALIFAX 38 12,803 1,715 10 13. 8 0.8 15 BRITAIN 45 BANCO BRADESCO 45 12,666 771 34 6. 28 1.4 3 BRAZIL 46 BANCO BILBAO VIZCAYA 49 12,589 894 31 7. 25 0.6 21 SPAIN 47 DG BANK 55 12,453 185 51 1. 49 0.1 50 GERMANY 48 NATL. AUSTRALIA BANK 56 12,444 1,711 11 14. 6 1.2 8 AUSTRALIA 49 BANKGESELLSCHAFT 58 12,429 162 53 1. 51 0.1 50 BERLIN GERMANY 50 CANADIAN IMPERIAL 65 12,289 1,130 20 9. 17 0.7 19 BANK CANADA 51 BANKERS TRUST N.Y. 66 12,176 866 32 7. 24 0.6 23 CORP. U.S. 52 TOKAI BANK 70 12,104 116 54 1. 52 0.0 55 JAPAN 53 ITAUSA 72 12,046 432 43 4. 39 1.0 14 BRAZIL 54 ISTITUTO BNC. SAN 80 11,871 98 55 1. 53 0.1 53 PAOLO ITALY 55 LONG-TERM CREDIT BANK 94 11,487 (1,211) 62 (11.) 65 (0.6) 65 JAPAN 56 BANK OF MONTREAL 25 10,573 951 30 9. 18 0.6 20 CANADA 57 GENERALE BANK 39 10,311 477 41 5. 34 0.3 36 BELGIUM 58 FIRST CHICAGO NBD 52 10,098 1,525 14 15. 2 1.3 4 CORP. U.S. 59 CARIPLO 58 9,994 316 47 3. 40 0.3 40 ITALY 60 MITSUBISHI TRST. 61 9,935 532 39 5. 30 0.4 32 & BNKG. JAPAN 61 BANCA COMM. ITALIANA 62 9,921 244 50 2. 47 0.2 44 ITALY 62 BANCA DI ROMA 64 9,914 (212) 59 (2.) 59 (0.2) 61 ITALY 63 NORWEST CORP. 73 9,660 1,351 16 14. 5 1.5 1 U.S. 64 WELLS FARGO & CO. 75 9,608 1,155 19 12. 11 1.2 7 U.S. 65 BANK OF NOVA SCOTIA 77 9,594 1,103 23 11. 12 0.8 16 CANADA 66 BANCA NAZ. DEL LAVORO 88 9,198 (1,645) 64 (18.) 68 (1.6) 68 ITALY 67 CREDITO ITALIANO 95 9,131 282 48 3. 42 0.3 37 ITALY 68 AUSTRALIA & NEW ZEAL. 96 9,116 788 33 9. 20 0.8 17 BNKG. AUSTRALIA TOTAL 1,243,155 49,353 MEDIAN 15,055 767

4 BEVERAGES 5 COMPANIES 1 PEPSICO 95 29,292 2,142 2 7 3 11 2 U.S. 2 COCA-COLA 201 18,868 4,129 1 22 1 24 1 U.S. 3 SEAGRAM 350 12,560 502 4 4 4 2 4 CANADA 4 COCA-COLA ENTERPRISES 401 11,278 171 5 2 5 1 5 U.S. 5 ANHEUSER-BUSCH 408 11,066 1,179 3 11 2 10 3 U.S. TOTAL 83,064 8,123 MEDIAN 12,560 1,179 5 BUILDING MATERIALS, GLASS 2 COMPANIES

1 SAINT-GOBAIN 206 18,347 964 1 5 1 4 1 FRANCE 2 ASAHI GLASS 414 10,971 166 2 2 2 1 2 JAPAN TOTAL 29,318 1,130

6 CHEMICALS, 16 COMPANIES 1 E.I. DU PONT DE 49 41,304 2,405 1 6 4 6 6 NEMOURS U.S. 2 BASF 77 32,178 1,867 2 6 5 7 3 GERMANY 3 BAYER 80 31,731 1,697 4 5 7 6 5 GERMANY 4 HOECHST 92 30,055 775 7 3 11 2 11 GERMANY 5 DOW CHEMICAL 184 20,018 1,808 3 9 1 8 2 U.S. 6 IMPERIAL CHEMICAL 210 18,121 424 11 2 12 3 10 INDS. BRITAIN 7 RHONE-POULENC 252 15,413 (667) 16 (4) 16 (2) 15 FRANCE 8 MITSUBISHI CHEMICAL 293 14,122 46 14 0 14 0 14 JAPAN 9 MONTEDISON 296 13,897 875 5 6 3 5 7 ITALY 10 NORSK HYDRO 305 13,585 735 8 5 6 5 8 NORWAY 11 AKZO NOBEL 362 12,329 828 6 7 2 8 1 NETHERLANDS 12 HENKEL 390 11,575 613 9 5 8 6 4 GERMANY 13 OCCIDENTAL PETROLEUM 409 11,061 (390) 15 (4) 15 (3) 16 U.S. 14 ASAHI CHEMICAL IND. 434 10,441 170 13 2 13 2 12 JAPAN 15 MONSANTO 480 9,457 470 10 5 9 4 9 U.S. 16 CEA-INDUSTRIE 491 9,185 325 12 4 10 1 13 FRANCE TOTAL 294,472 11,981 MEDIAN 14,010 674 7 COMPUTER SERVICES AND SOFTWARE 2 COMPANIES

1 ELECTRONIC DATA 257 15,236 731 2 5 2 7 2 SYSTEMS U.S. 2 MICROSOFT 400 11,358 3,454 1 30 1 24 1 U.S. TOTAL 26,594 4,185

8 COMPUTERS, OFFICE EQUIPMENT 9 COMPANIES

1 INTL. BUSINESS 14 78,508 6,093 1 8 2 7 4 MACHINES U.S. 2 HEWLETT-PACKARD 47 42,895 3,119 2 7 5 10 3 U.S. 3 FUJITSU 52 40,613 46 9 0 9 0 9 JAPAN 4 COMPAQ COMPUTER 132 24,584 1,855 3 8 4 13 2 U.S. 5 CANON 148 22,813 982 5 4 6 4 6 JAPAN 6 XEROX 209 18,166 1,452 4 8 1 5 5 U.S. 7 DIGITAL EQUIPMENT 331 13,047 141 8 1 8 1 8 U.S. 8 DELL COMPUTER 363 12,327 944 6 8 3 22 1 U.S. 9 RICOH 396 11,432 245 7 2 7 2 7 JAPAN TOTAL 264,385 14,877 MEDIAN 22,813 982 9 DIVERSIFIED FINANCIALS 4 COMPANIES 1 TRAVELERS GROUP 58 37,609 3,104 1 8 4 1 2 U.S. 2 FANNIE MAE 106 27,777 3,056 2 11 2 1 3 U.S. 3 AMERICAN EXPRESS 214 17,760 1,991 3 11 1 2 1 U.S. 4 FED. HOME LOAN MTG. 283 14,399 1,395 4 10 3 1 4 U.S. TOTAL 97,545 9,546 MEDIAN 22,768 2,523 10 ELECTRONICS, ELECTRICAL EQUIPMENT 25 COMPANIES 1 GENERAL ELECTRIC 12 90,840 8,203 1 9 4 3 10 U.S. 2 HITACHI 21 68,567 28 21 0 21 0 21 JAPAN 3 MATSUSHITA ELEC. 23 64,281 763 10 1 16 1 16 INDL. JAPAN 4 SIEMENS 24 63,755 1,427 5 2 12 3 11 GERMANY 5 SONY 30 55,033 1,809 3 3 10 4 8 JAPAN 6 TOSHIBA 41 44,467 60 19 0 20 0 20 JAPAN 7 NEC 54 39,927 336 15 1 17 1 17 JAPAN 8 ROYAL PHILLIPS 55 39,188 2,939 2 7 5 10 3 ELECTRONICS NETHERLANDS 9 ABB ASEA BROWN BOVERI 83 31,265 572 12 2 14 2 13 SWITZERLAND 10 MITSUBISHI ELECTRIC 85 30,967 (863) 24 (3) 23 (3) 22 JAPAN 11 MOTOROLA 93 29,794 1,180 7 4 8 4 7 U.S. 12 LUCENT TECHNOLOGIES 117 26,360 541 13 2 13 2 12 U.S. 13 BCE 139 23,974 (1,109) 25 (5) 25 (4) 24 CANADA 14 SAMSUNG ELECTRONICS 142 23,810 (640) 23 (3) 22 (3) 23 SOUTH KOREA 15 L.M. ERICSSON 159 21,956 1,563 4 7 6 8 5 SWEDEN 16 SANYO ELECTRIC 245 15,679 100 18 1 18 1 18 JAPAN 17 ELECTROLUX 268 14,791 46 20 0 19 0 19 SWEDEN 18 LG ELECTRONICS 270 14,700 (601) 22 (4) 24 (5) 25 SOUTH KOREA 19 SHARP 274 14,586 202 17 1 15 1 15 JAPAN 20 RAYTHEON 301 13,674 527 14 4 9 2 14 U.S. 21 EMERSON ELECTRIC 364 12,299 1,122 8 9 3 10 4 U.S. 22 ROCKWELL INTL. 384 11,759 644 11 5 7 8 6 U.S. 23 MATSUSHITA ELEC. 438 10,333 291 16 3 11 3 9 WORKS JAPAN 24 GEC 441 10,294 1,112 9 11 2 11 2 (GENL. ELECTRIC CO.) BRITAIN 25 NOKIA 449 10,135 1,206 6 12 1 16 1 FINLAND TOTAL 782,43 4 21,458 MEDIAN 23,97 4 541 11 ELECTRONICS, SEMICONDUCTORS 2 COMPANIES 1 INTEL 125 25,070 6,945 1 28 1 24 1 U.S. 2 TEXAS INSTRUMENTS 428 10,562 1,805 2 17 2 17 2 U.S. TOTAL 35,632 8,750 12 ENERGY 6 COMPANIES 1 SUEZ LYONNAISE DES EAUX 75 32,627 688 2 2 3 1 4 FRANCE 2 RAO GAZPROM 140 23,948 3,938 1 16 1 4 1 RUSSIA 3 ENRON 179 20,273 105 4 1 4 0 5 U.S. 4 NGC 313 13,378 (102) 6 (1) 6 (2) 6 U.S. 5 TRANSCANADA PIPELINES 442 10,288 330 3 3 2 3 2 CANADA 6 GASUNIE 460 9,947 41 5 0 5 1 3 NETHERLANDS TOTAL 110,461 5,000 MEDIAN 16,826 218 13 ENGINEERING, CONSTRUCTION 10 COMPANIES 1 VIVENDI 100 28,634 924 1 3 1 2 3 FRANCE 2 BOUYGUES 235 16,406 129 4 1 5 1 5 FRANCE 3 KAJIMA 243 15,795 (62) 7 (0) 7 (0) 7 JAPAN 4 TAISEI 264 14,913 (546) 9 (4) 9 (3) 9 JAPAN 5 SHIMIZU 285 14,312 (367) 8 (3) 8 (2) 8 JAPAN 6 FLUOR 286 14,299 146 3 1 3 3 1 U.S. 7 TAKENAKA 346 12,663 128 5 1 4 1 4 JAPAN 8 OBAYASHI 369 12,118 96 6 1 6 1 6 JAPAN 9 SEKISUI HOUSE 375 11,950 325 2 3 2 3 2 JAPAN 10 KUMAGAI GUMI 486 9,241 (1,872) 10 (20) 10 (15) 10 JAPAN TOTAL 150,331 (1,099) MEDIAN 14,305 112 14 ENTERTAINMENT 5 COMPANIES 1 WALT DISNEY 153 22,473 1,966 1 9 1 5 1 U.S. 2 VIACOM 310 13,505 794 2 6 2 3 3 U.S. 3 TIME WARNER 318 13,294 246 5 2 5 1 5 U.S. 4 NEWS CORP. 402 11,262 564 3 5 4 2 4 AUSTRALIA 5 CBS 474 9,632 549 4 6 3 3 2 U.S. TOTAL 70,166 4,119 MEDIAN 13,294 564

15 FOOD 13 COMPANIES 1 UNILEVER 35 48,761 5,463 1 11 1 17 1 BRITAIN/NETHERLANDS 2 NESTLE 36 48,254 2,761 2 6 3 7 3 SWITZERLAND 3 CONAGRA 138 24,002 615 6 3 9 5 5 U.S. 4 DIAGEO 181 20,217 1,324 3 7 2 5 6 BRITAIN 5 SARA LEE 185 19,734 1,009 4 5 4 8 2 U.S. 6 RJR NABISCO HOLDINGS 225 17,057 381 7 2 10 1 11 U.S. 7 GROUPE DANONE 260 15,160 628 5 4 5 4 8 FRANCE 8 ARCHER DANIELS 297 13,853 377 8 3 8 3 10 MIDLAND U.S. 9 IBP 320 13,259 117 11 1 11 4 7 U.S. 10 SNOW BRAND MILK 447 10,159 33 12 0 12 1 12 PROD. JAPAN 11 BESTFOODS 467 9,818 344 9 4 6 6 4 U.S. 12 H.J. HEINZ 483 9,357 302 10 3 7 4 9 U.S. 13 FARMLAND INDUSTRIES 494 9,148 N. A. U.S. TOTAL 258,779 13,354 MEDIAN 15,160 498 16 FOOD AND DRUG STORES 28 COMPANIES 1 METRO 73 32,790 320 14 1 22 2 22 GERMANY 2 CARREFOUR 96 29,003 614 3 2 11 4 15 FRANCE 3 TESCO 110 26,938 827 1 3 7 7 7 BRITAIN 4 KROGER 114 26,567 412 10 2 17 7 9 U.S. 5 KONINKLIJKE AHOLD 119 25,921 479 7 2 13 5 13 NETHERLANDS 6 ITO-YOKADO 122 25,607 577 4 2 10 4 16 JAPAN 7 J. SAINSBURY 141 23,811 800 2 3 4 5 12 BRITAIN 8 SAFEWAY 152 22,484 557 5 2 9 7 8 U.S. 9 JUSCO 194 19,147 58 26 0 26 0 27 JAPAN 10 AMERICAN STORES 195 19,139 281 16 1 19 3 18 U.S. 11 PROMODES 197 18,962 277 17 1 20 3 17 FRANCE 12 GROUPE AUCHAN 208 18,218 138 23 1 24 1 25 FRANCE 13 COLES MYER 242 15,897 303 15 2 12 6 10 AUSTRALIA 14 ALBERTSON'S 271 14,690 517 6 4 2 10 3 U.S. 15 DELHAIZE "LE LION" 280 14,466 138 24 1 23 3 19 BELGIUM 16 WALGREEN 314 13,363 436 8 3 5 10 2 U.S. 17 WINN-DIXIE STORES 324 13,219 204 18 2 18 7 5 U.S. 18 CVS 328 13,086 38 27 0 27 1 26 U.S. 19 GROUPE CASINO 330 13,066 191 21 1 21 3 21 FRANCE 20 WOOLWORTHS 357 12,443 202 19 2 15 8 4 AUSTRALIA 21 MIGROS 377 11,894 192 20 2 16 2 24 SWITZERLAND 22 JARDINE MATHESON 391 11,522 325 13 3 8 3 20 CHINA 23 SAFEWAY 395 11,460 396 11 3 3 6 11 BRITAIN 24 PUBLIX 405 11,224 355 12 3 6 11 1 U.S. 25 ASDA GROUP 407 11,096 420 9 4 1 7 6 BRITAIN 26 GREAT ATL. 443 10,262 63 25 1 25 2 23 & PACIFIC TEA U.S. 27 SEIYU 453 10,075 (487) 28 (5) 28 (4) 28 JAPAN 28 GEORGE WESTON 455 10,055 176 22 2 14 4 14 CANADA TOTAL 486,405 8,809 MEDIAN 14,578 311 17 FOREST AND PAPER PRODUCTS 6 COMPANIES

1 INTERNATIONAL PAPER 182 20,096 (151) 6 (1) 6 (1) 6 U.S. 2 GEORGIA-PACIFIC 327 13,094 69 5 1 5 1 5 U.S. 3 KIMBERLY-CLARK 351 12,547 902 1 7 2 8 1 U.S. 4 WEYERHAEUSER 406 11,210 342 3 3 3 3 3 U.S. 5 OJI PAPER 413 10,987 90 4 1 4 1 4 JAPAN 6 UPM-KYMMENE 445 10,211 806 2 8 1 6 2 FINLAND TOTAL 78,145 2,058 MEDIAN 11,878 216

18 GENERAL MERCHANDISERS 13 COMPANIES 1 WAL-MART STORES 8 119,299 3,526 1 3 5 8 3 U.S. 2 SEARS ROEBUCK 50 41,296 1,188 3 3 6 3 7 U.S. 3 KMART 76 32,183 249 9 1 9 2 9 U.S. 4 J.C. PENNEY 87 30,546 566 6 2 8 2 8 U.S. 5 DAYTON HUDSON 107 27,757 751 5 3 7 5 4 U.S. 6 DAIEI 120 25,882 10 13 0 13 0 13 JAPAN 7 FEDERATED DEPT. 246 15,668 536 7 3 3 4 6 STORES U.S. 8 PINAULT-PRINTEMPS 256 15,280 489 8 3 4 4 5 FRANCE 9 MYCAL 262 15,006 83 11 1 12 1 12 JAPAN 10 KARSTADT 300 13,720 94 10 1 10 1 10 GERMANY 11 MARKS & SPENCER 308 13,536 1,361 2 10 1 11 1 BRITAIN 12 MAY DEPT. STORES 344 12,685 775 4 6 2 8 2 U.S. 13 TAKASHIMAYA 431 10,464 68 12 1 11 1 11 JAPAN TOTAL 373,322 9,696 MEDIAN 15,66 8,536 19 HEALTH CARE 3 COMPANIES 1 COLUMBIA/HCA 203 18,819 (305) 3 (2) 3 (1) 3 HEALTHCARE U.S. 2 UNITED HEALTHCARE 382 11,794 460 1 4 1 6 1 U.S. 3 PACIFICARE HEALTH 499 8,983 (22) 2 (0) 2 (0) 2 SYS. U.S. TOTAL 39,596 133

20 HOTELS, CASINOS, RESORTS 2 COMPANIES

1 JAPAN TRAVEL BUREAU 342 12,757 23 2 0 2 1 2 JAPAN 2 MARRIOTT 373 12,034 335 1 3 1 5 1 INTERNATIONAL U.S. TOTAL 24,791 358 21 INDUSTRIAL AND FARM EQUIPMENT 8 COMPANIES

1 MITSUBISHI HEAVY 123 25,222 494 6 2 6 1 7 INDS. JAPAN 2 THYSSEN 135 24,298 1,247 4 5 5 7 3 GERMANY 3 MANNESMANN 151 22,554 282 7 1 8 2 6 GERMANY 4 IRI 157 22,232 2,868 1 13 1 4 5 ITALY 5 CATERPILLAR 198 18,925 1,665 2 9 3 8 2 U.S. 6 BTR 321 13,254 1,445 3 11 2 11 1 BRITAIN 7 DEERE 339 12,791 960 5 8 4 6 4 U.S. 8 KOMATSU 498 8,994 157 8 2 7 1 8 JAPAN TOTALS 148,270 9,11 8 MEDIAN 20,578 1,10 4

22 INSURANCE: LIFE, HEALTH (MUTUAL) 17 COMPANIES

1 NIPPON LIFE 19 71,388 2,118 1 3 10 1 8 JAPAN 2 DAI-ICHI MUTUAL LIFE 38 47,442 1,492 2 3 9 1 7 JAPAN 3 SUMITOMO LIFE 48 42,279 1,094 4 3 13 1 11 JAPAN 4 MEIJI LIFE 84 31,047 1,007 5 3 8 1 5 JAPAN 5 TIAA-CREF* 94 29,348 1,227 3 4 4 1 12 U.S. 6 ASAHI MUTUAL LIFE 164 21,678 577 10 3 12 1 10 JAPAN 7 MITSUI MUTUAL LIFE 191 19,433 521 11 3 11 1 9 JAPAN 8 TOHO MUTUAL LIFE 196 19,107 89 16 0 16 0 14 JAPAN 9 NEW YORK LIFE 199 18,899 651 8 3 6 1 6 U.S. 10 YASUDA MUTUAL LIFE 200 18,885 826 6 4 3 1 2 JAPAN 11 CHIYODA MUTUAL LIFE 202 18,850 130 14 1 15 0 15 JAPAN 12 STANDARD LIFE ASSUR. 276 14,520 N.A. BRITAIN 13 TAIYO MUTUAL LIFE 303 13,607 125 15 1 14 0 16 JAPAN 14 NORTHWESTERN MUTUAL 312 13,430 689 7 5 2 1 4 LIFE U.S. 15 DAIDO LIFE 386 11,665 392 1 2 3 7 1 JAPAN 16 CATHAY LIFE 471 9,696 643 9 7 1 3 1 TAIWAN 17 MASS. MUTUAL LIFE 479 9,551 352 1 3 4 5 1 INS. U.S. TOTAL 410,825 11,933 MEDIAN 18,899 647

*Not a mutual company, but reported financial data based on statutory accounting.

23 INSURANCE: LIFE, HEALTH (STOCK) 19 COMPANIES

1 AXA 16 76,874 1,357 3 2 12 0 14 FRANCE 2 ING GROUP 57 38,674 2,104 1 5 2 1 7 NETHERLANDS 3 PRUDENTIAL OF 60 37,073 610 9 2 14 0 18 AMERICA* U.S. 4 PRUDENTIAL 104 27,906 1,371 2 5 5 1 6 BRITAIN 5 CNP ASSURANCES 129 24,814 280 13 1 16 0 16 FRANCE 6 METROPOLITAN LIFE* 133 24,374 1,203 4 5 4 1 9 U.S. 7 FORTIS 143 23,796 1,033 7 4 9 1 8 BELGIUM/NETHERLANDS 8 SAMSUNG LIFE 180 20,269 65 18 0 19 0 15 SOUTH KOREA 9 CIGNA 183 20,038 1,086 6 5 3 1 2 U.S. 10 AETNA 205 18,540 901 8 5 6 1 3 U.S. 11 ASSUR. GENERALES 221 17,249 330 12 2 11 0 13 FRANCE 12 AEGON 240 16,048 1,131 5 7 1 1 4 NETHERLANDS 13 SWISS LIFE 263 14,934 105 17 1 17 0 19 SWITZERLAND 14 AACHENER & MUNCHENER 343 12,745 214 14 2 13 0 12 GERMANY 15 KYOEI LIFE 352 12,546 205 16 2 15 1 10 JAPAN 16 NIPPON DANTAI LIFE 417 10,852 212 15 2 10 1 5 JAPAN 17 SKANDIA GROUP 457 10,012 445 10 4 8 1 1 SWEDEN 18 KYOBO LIFE INSURANCE 466 9,822 41 19 0 18 0 17 SOUTH KOREA 19 NORWICH UNION 484 9,285 439 11 5 7 1 11 BRITAIN TOTAL 425,851 13,132 MEDIAN 18,540 445

*Not a stock company, but reported financial data according to Generally Accepted Accounting Principles.

24 INSURANCE: P&C (MUTUAL) 2 COMPANIES

1 STATE FARM INSURANCE 42 43,957 3,833 1 9 1 4 1 U.S. 2 LIBERTY MUTUAL GROUP 385 11,670 521 2 4 2 1 2 U.S. TOTAL 55,627 4,354

25 INSURANCE: P&C (STOCK) 16 COMPANIES

1 ALLIANZ 28 56,785 1,172 7 2 12 1 14 GERMANY 2 ASSICURAZIONI 86 30,816 605 13 2 13 1 12 GENERALI ITALY 3 AMERICAN INTL. GROUP 88 30,520 3,332 1 11 3 2 5 U.S. 4 ZURICH INSURANCE 116 26,469 1,231 6 5 8 1 7 SWITZERLAND 5 ALLSTATE 127 24,949 3,105 2 12 2 4 1 U.S. 6 MUNCHENER RUCK 131 24,609 371 14 2 15 0 16 GERMANY 7 ROYAL & SUN ALLIANCE 162 21,845 950 9 4 9 1 9 BRITAIN 8 LOEWS 188 19,648 794 11 4 10 1 6 U.S. 9 COMMERCIAL UNION 189 19,590 609 12 3 11 1 13 BRITAIN 10 TOKIO MARINE & FIRE 215 17,747 297 15 2 14 1 11 JAPAN 11 GENERAL ACCIDENT 258 15,231 1,160 8 8 6 2 4 BRITAIN 12 SWISS REINSURANCE 267 14,837 1,459 4 10 5 3 3 SWITZERLAND 13 HARTFORD FINANCIAL 317 13,305 1,332 5 10 4 1 8 SVCS. U.S. 14 NATIONWIDE INS. 347 12,644 806 10 6 7 1 10 ENTPRISE.* U.S. 15 YASUDA FIRE & MARINE 389 11,637 116 16 1 16 0 15 JAPAN 16 BERKSHIRE HATHAWAY 435 10,430 1,902 3 18 1 3 2 U.S. TOTAL 351,062 19,241 MEDIAN 19,619 1,055

*Not a stock company, but reported financial data according to Generally Accepted Accounting Principles.

26 MAIL, PACKAGE, FREIGHT DELIVERY 8 COMPANIES

1 U.S. POSTAL SERVICE 27 58,216 1,264 1 2 5 2 5 U.S. 2 UNITED PARCEL 154 22,458 909 2 4 2 6 2 SERVICE U.S. 3 JAPAN POSTAL SERVICE 175 20,741 837 3 4 3 1 6 JAPAN 4 DEUTSCHE POST 247 15,654 (221) 8 (1) 8 (2) 8 GERMANY 5 LA POSTE 249 15,535 10 7 0 7 0 7 FRANCE 6 NIPPON EXPRESS 277 14,513 220 6 2 6 3 4 JAPAN 7 FDX 392 11,520 361 5 3 4 5 3 U.S. 8 BRITISH POST OFFICE 451 10,106 573 4 6 1 6 1 BRITAIN TOTAL 168,743 3,953 MEDIAN 15,595 467

27 METAL PRODUCTS 3 COMPANIES 1 PECHINEY 367 12,133 311 2 3 2 3 2 FRANCE 2 SUMITOMO ELECTRIC 427 10,567 270 3 3 3 3 3 INDS. JAPAN 3 GILLETTE 454 10,062 1,427 1 14 1 13 1 U.S. TOTAL 32,762 2,008

28 METALS 13 COMPANIES 1 NIPPON STEEL 126 25,063 48 11 0 12 0 12 JAPAN 2 NKK 244 15,758 116 8 1 9 1 9 JAPAN 3 KRUPP 278 14,478 187 6 1 6 2 7 GERMANY 4 ALCOA 311 13,482 805 1 6 2 6 2 U.S. 5 KOBE STEEL 353 12,506 (40) 13 (0) 13 (0) 13 JAPAN 6 USINOR 361 12,337 352 4 3 4 3 5 FRANCE 7 POHANG IRON & STEEL 371 12,091 766 2 6 1 7 1 SOUTH KOREA 8 SUMITOMO METAL INDS. 374 11,970 33 12 0 11 0 11 JAPAN 9 BRITISH STEEL 398 11,408 371 3 3 3 3 6 BRITAIN 10 METALLGESELLSCHAFT 418 10,831 128 7 1 7 3 4 GERMANY 11 KAWASAKI STEEL 450 10,132 69 10 1 10 0 10 JAPAN 12 MITSUBISHI MATERIALS 469 9,743 82 9 1 8 1 8 JAPAN 13 DEGUSSA 493 9,148 227 5 2 5 4 3 GERMANY TOTAL 168,947 3,144 MEDIAN 12,091 128

29 MINING, CRUDE-OIL PRODUCTION 3 COMPANIES

1 PEMEX 102 28,566 1,003 1 4 1 2 1 MEXICO 2 BROKEN HILL 219 17,540 322 2 2 2 1 2 PROPRIETARY AUSTRALIA 3 RAG 282 14,403 170 3 1 3 1 3 GERMANY TOTAL 60,509 1,495

30 MOTOR VEHICLES AND PARTS 25 COMPANIES

1 GENERAL MOTORS 1 178,174 6,698 2 4 8 3 11 U.S. 2 FORD MOTOR 2 153,627 6,920 1 5 4 2 12 U.S. 3 TOYOTA MOTOR 11 95,137 3,701 4 4 7 4 9 JAPAN 4 DAIMLER-BENZ 17 71,561 4,639 3 6 1 6 2 GERMANY 5 DAEWOO 18 71,526 527 14 1 18 1 18 SOUTH KOREA 6 VOLKSWAGEN 22 65,328 772 11 1 17 1 17 GERMANY 7 CHRYSLER 25 61,147 2,805 5 5 3 5 5 U.S. 8 NISSAN MOTOR 31 53,478 (114) 23 (0) 20 (0) 20 JAPAN 9 FIAT 33 52,569 1,419 7 3 10 2 16 ITALY 10 HONDA MOTOR 34 48,876 2,123 6 4 5 6 3 JAPAN 11 RENAULT 65 35,624 930 9 3 11 2 15 FRANCE 12 BMW 69 34,692 719 12 2 14 2 14 GERMANY 13 PEUGEOT 78 32,004 (474) 24 (1) 24 (2) 24 FRANCE 14 MITSUBISHI MOTORS 89 30,429 (830) 25 (3) 25 (3) 25 JAPAN 15 ROBERT BOSCH 109 27,027 896 10 3 9 5 6 GERMANY 16 VOLVO 137 24,035 1,356 8 6 2 7 1 SWEDEN 17 MAZDA MOTOR 232 16,630 (55) 22 (0) 22 (1) 22 JAPAN 18 ISUZU MOTORS 273 14,660 49 19 0 19 0 19 JAPAN 19 DENSO 306 13,583 580 13 4 6 4 7 JAPAN 20 MAN 316 13,344 197 18 1 16 2 13 GERMANY 21 HYUNDAI MOTOR 359 12,392 (30) 20 (0) 21 (0) 21 SOUTH KOREA 22 SUZUKI MOTOR 368 12,128 246 17 2 15 3 10 JAPAN 23 JOHNSON CONTROLS 399 11,387 289 15 3 12 5 4 U.S. 24 TRW 419 10,831 (49) 21 (0) 23 (1) 23 U.S. 25 FUJI HEAVY 423 10,623 250 16 2 13 4 8 INDUSTRIES JAPAN TOTAL 1,150,812 33,564 MEDIAN 32,004 580

31 PETROLEUM REFINING 31 COMPANIES

1 ROYAL DUTCH/SHELL 5 128,142 7,758 2 6 10 7 11 GROUP BRITAIN/NETHERLANDS 2 EXXON 7 122,379 8,460 1 7 8 9 5 U.S. 3 BRITISH PETROLEUM 20 71,193 4,046 4 6 12 7 8 BRITAIN 4 MOBIL 26 59,978 3,272 5 5 13 8 7 U.S. 5 TEXACO 40 45,187 2,664 10 6 11 9 4 U.S. 6 ELF AQUITAINE 44 43,572 960 15 2 23 2 25 FRANCE 7 ENI 61 36,962 3,004 8 8 6 6 12 ITALY 8 CHEVRON 63 36,376 3,256 6 9 4 9 3 U.S. 9 PDVSA 66 34,801 4,772 3 14 2 10 2 VENEZUELA 10 SK 71 33,816 125 27 0 30 1 27 SOUTH KOREA 11 AMOCO 72 32,836 2,720 9 8 5 8 6 U.S. 12 TOTAL 74 32,741 1,304 13 4 17 5 17 FRANCE 13 USX 171 21,057 988 14 5 15 6 14 U.S. 14 ATLANTIC RICHFIELD 192 19,272 1,771 11 9 3 7 9 U.S. 15 PETROBRAS 211 18,051 1,402 12 8 7 4 19 BRAZIL 16 STATOIL 217 17,619 609 19 3 19 3 22 NORWAY 17 NIPPON OIL 223 17,117 94 28 1 27 0 30 JAPAN 18 REPSOL 224 17,075 861 17 5 14 5 18 SPAIN 19 PHILLIPS PETROLEUM 251 15,424 959 16 6 9 7 10 U.S. 20 INDIAN OIL 287 14,249 461 20 3 20 6 13 INDIA 21 PETROFINA 298 13,821 617 18 4 16 6 15 BELGIUM 22 ASHLAND 307 13,567 279 23 2 24 4 20 U.S. 23 TOSCO 319 13,282 213 25 2 25 4 21 U.S. 24 JAPAN ENERGY 326 13,106 155 26 1 26 1 26 JAPAN 25 IDEMITSU KOSAN 332 13,022 8 31 0 31 0 31 JAPAN 26 PETRONAS 412 10,995 3,123 7 28 1 14 1 MALAYSIA 27 CHINESE PETROLEUM 422 10,729 385 21 4 18 2 24 TAIWAN 28 COSMO OIL 433 10,454 44 30 0 29 0 29 JAPAN 29 SHOWA SHELL SEKIYU 459 9,984 53 29 1 28 1 28 JAPAN 30 COASTAL 482 9,399 302 22 3 21 3 23 U.S. 31 SUN 500 8,968 263 24 3 22 6 16 U.S. TOTAL 945,174 54,928 MEDIAN 17,619 959

32 PHARMACEUTICALS 10 COMPANIES

1 MERCK 144 23,637 4,614 1 20 2 18 3 U.S. 2 JOHNSON & JOHNSON 150 22,629 3,303 3 15 7 15 5 U.S. 3 NOVARTIS 167 21,494 3,592 2 17 6 10 8 SWITZERLAND 4 BRISTOL-MYERS SQUIBB 230 16,701 3,205 4 19 3 21 2 U.S. 5 AMERICAN HOME 289 14,196 2,043 8 14 8 10 9 PRODUCTS U.S. 6 GLAXO WELLCOME 329 13,072 3,031 5 23 1 22 1 BRITAIN 7 ROCHE HOLDING 334 12,937 (1,400) 10 (11) 10 (4) 10 SWITZERLAND 8 SMITHKLINE BEECHAM 341 12,769 1,768 9 14 9 13 7 BRITAIN 9 PFIZER 354 12,504 2,213 6 18 4 14 6 U.S. 10 ABBOTT LABORATORIES 379 11,883 2,094 7 18 5 17 4 U.S. TOTAL 161,822 24,463 MEDIAN 13,634 2,622

33 PUBLISHING, PRINTING 4 COMPANIES

1 BERTELSMANN 295 14,006 499 1 4 3 6 1 GERMANY 2 LAGARDERE GROUPE 388 11,655 236 4 2 4 2 4 FRANCE 3 DAI NIPPON PRINTING 416 10,889 461 2 4 1 4 2 JAPAN 4 TOPPAN PRINTING 432 10,461 386 3 4 2 4 3 JAPAN TOTAL 47,011 1,582 MEDIAN 11,272 423

34 RAILROADS 7 COMPANIES

1 EAST JAPAN RAILWAY 177 20,487 540 2 3 3 1 3 JAPAN 2 DEUTSCHE BAHN 218 17,575 228 5 1 6 1 5 GERMANY 3 SNCF 231 16,653 (104) 7 (1) 7 (0) 7 FRANCE 4 UNION PACIFIC 411 11,014 432 3 4 2 2 2 U.S. 5 CSX 424 10,621 799 1 8 1 4 1 U.S. 6 CENTRAL JAPAN 436 10,414 266 4 3 4 1 6 RAILWAY JAPAN 7 WEST JAPAN RAILWAY 456 10,013 162 6 2 5 1 4 JAPAN TOTAL 96,777 2,323 MEDIAN 11,014 266

35 RUBBER AND PLASTIC PRODUCTS 3 COMPANIES 1 BRIDGESTONE 212 17,936 324 3 2 3 2 3 JAPAN 2 MICHELIN 302 13,654 665 1 5 1 5 2 FRANCE 3 GOODYEAR TIRE 325 13,155 559 2 4 2 6 1 U.S. TOTAL 44,745 1,548

36 SCIENTIFIC, PHOTO, CONTROL EQUIP. 3 COMPANIES

1 MINNESOTA MINING 261 15,070 2,121 1 14 1 16 1 & MFG. U.S. 2 EASTMAN KODAK 269 14,713 5 3 0 3 0 3 U.S. 3 FUJI PHOTO FILM 404 11,226 724 2 6 2 5 2 JAPAN TOTAL 41,009 2,850

37 SECURITIES 3 COMPANIES

1 MERRILL LYNCH 81 31,731 1,906 2 6 2 1 2 U.S. 2 MORGAN STANLEY DEAN 108 27,132 2,586 1 10 1 1 1 WITTER U.S. 3 LEHMAN BROTHERS 228 16,883 647 3 4 3 0 3 HOLDINGS U.S. TOTAL 75,746 5,139

38 SOAPS, COSMETICS 3 COMPANIES

1 PROCTER & GAMBLE 64 35,764 3,415 1 10 1 12 1 U.S. 2 L'OREAL 381 11,843 683 3 6 3 6 3 FRANCE 3 COLGATE-PALMOLIVE 497 9,057 740 2 8 2 10 2 U.S. TOTAL 56,664 4,838

39 SPECIALIST RETAILERS 9 COMPANIES

1 HOME DEPOT 136 24,156 1,160 1 5 2 10 2 U.S. 2 COSTCO 160 21,874 312 6 1 8 6 5 U.S. 3 OTTO VERSAND 360 12,383 253 7 2 7 5 6 GERMANY 4 TOYS "R" US 410 11,038 490 3 4 3 6 4 U.S. 5 KINGFISHER 430 10,487 633 2 6 1 10 1 BRITAIN 6 REPUBLIC INDUSTRIES 440 10,306 440 4 4 4 4 8 U.S. 7 LOWE'S 448 10,137 357 5 4 5 7 3 U.S. 8 INCHCAPE 470 9,716 13 9 0 9 0 9 BRITAIN 9 LIMITED 489 9,189 217 8 2 6 5 7 U.S. TOTAL 119,286 3,875 MEDIAN 10,487 357

40 TELECOMMUNICATIONS 22 COMPANIES

1 NIPPON TEL. & TEL. 15 76,984 2,361 8 3 18 2 17 JAPAN 2 AT&T 32 53,261 4,638 1 9 10 8 5 U.S. 3 DEUTSCHE TELEKOM 56 38,969 1,905 11 5 16 2 16 GERMANY 4 ALCATEL ALSTHOM 79 31,847 799 18 3 19 2 18 FRANCE 5 BELL ATLANTIC 91 30,194 2,455 7 8 11 5 12 U.S. 6 FRANCE TELECOM 112 26,854 2,547 6 9 8 5 10 FRANCE 7 BT 118 26,294 2,801 4 11 6 7 7 BRITAIN 8 TELECOM ITALIA 124 25,130 1,531 12 6 14 3 14 ITALY 9 SBC COMMUNICATIONS 128 24,856 1,474 13 6 15 3 13 U.S. 10 GTE 146 23,260 2,794 5 12 5 7 9 U.S. 11 BELLSOUTH 176 20,561 3,261 3 16 3 9 3 U.S. 12 MCI COMMUNICATIONS 187 19,653 2 22 0 22 0 21 U.S. 13 TELEFONICA DE ESPANA 239 16,139 1,298 15 8 12 3 15 SPAIN 14 AMERITECH 241 15,998 2,296 9 14 4 9 2 U.S. 15 ROYAL KPN 250 15,514 1,376 14 9 9 7 6 NETHERLANDS 16 US WEST 255 15,352 697 19 5 17 2 19 U.S. 17 SPRINT 266 14,874 953 17 6 13 5 11 U.S. 18 TELEBRAS 272 14,666 3,618 2 25 1 8 4 BRAZIL 19 TELSTRA 378 11,890 1,203 16 10 7 7 8 AUSTRALIA 20 CABLE & WIRELESS 393 11,496 2,115 10 18 2 10 1 BRITAIN 21 SWISS POST 420 10,831 179 20 2 20 SWITZERLAND 22 DDI 476 9,599 68 21 1 21 1 20 JAPAN TOTAL 534,222 40,371 MEDIAN 20,107 1,718

41 TOBACCO 3 COMPANIES

1 PHILIP MORRIS 29 56,114 6,310 1 11 1 11 1 U.S. 2 BAT INDUSTRIES 113 26,802 1,630 2 6 2 2 3 BRITAIN 3 JAPAN TOBACCO 292 14,125 473 3 3 3 3 2 JAPAN TOTAL 97,041 8,413

42 TRADING 19 COMPANIES

1 MITSUI 3 142,688 269 4 0 10 0 10 JAPAN 2 MITSUBISHI 4 128,922 388 3 0 8 1 8 JAPAN 3 ITOCHU 6 126,632 (774) 19 (1) 19 (1) 19 JAPAN 4 MARUBENI 9 111,121 140 7 0 12 0 13 JAPAN 5 SUMITOMO 10 102,395 210 6 0 9 0 9 JAPAN 6 NISSHO IWAI 13 81,894 25 13 0 14 0 15 JAPAN 7 VEBA GROUP 43 43,881 1,621 1 4 1 4 2 GERMANY 8 TOMEN 45 43,400 (179) 18 (0) 18 (1) 18 JAPAN 9 NICHIMEN 82 31,362 41 12 0 11 0 12 JAPAN 10 VIAG 101 28,581 496 2 2 2 2 5 GERMANY 11 HYUNDAI 105 27,838 5 15 0 15 0 11 SOUTH KOREA 12 KANEMATSU 115 26,506 (23) 16 (0) 16 (0) 16 JAPAN 13 SAMSUNG 121 25,804 16 14 0 13 0 14 SOUTH KOREA 14 SINOCHEM 213 17,853 64 9 0 5 1 6 CHINA 15 PREUSSAG 229 16,806 216 5 1 3 3 3 GERMANY 16 LG INTERNATIONAL 236 16,359 58 10 0 6 5 1 SOUTH KOREA 17 TOYOTA TSUSHO 238 16,297 54 11 0 7 1 7 JAPAN 18 COFCO 309 13,526 110 8 1 4 2 4 CHINA 19 KAWASHO 403 11,241 (23) 17 (0) 17 (0) 17 JAPAN TOTAL 1,013,106 2,714 MEDIAN 28,581 58

43 UTILITIES, GAS AND ELECTRIC 16 COMPANIES

1 TOKYO ELECTRIC POWER 46 42,997 1,102 2 3 11 1 11 JAPAN 2 RWE GROUP 53 40,233 814 5 2 13 2 8 GERMANY 3 ELECTRICITE DE FRANCE 62 36,673 264 14 1 15 0 15 FRANCE 4 ENEL 158 22,181 1,953 1 9 1 4 2 ITALY 5 KANSAI ELECTRIC POWER 165 21,666 630 8 3 9 1 10 JAPAN 6 CHUBU ELECTRIC POWER 207 18,311 328 11 2 14 1 14 JAPAN 7 DUKE ENERGY 237 16,309 974 3 6 4 4 1 U.S. 8 PG&E CORP. 253 15,400 716 6 5 5 2 5 U.S. 9 KOREA ELECTRIC POWER 294 14,064 589 9 4 6 2 6 SOUTH KOREA 10 TOHOKU ELEC. POWER 333 13,017 386 10 3 8 1 9 JAPAN 11 CENTRICA 336 12,846 (1,296) 16 (10) 16 (19) 16 BRITAIN 12 SOUTHERN 348 12,611 972 4 8 2 3 4 U.S. 13 KYUSHU ELEC. POWER 383 11,764 274 13 2 12 1 13 JAPAN 14 GAZ DE FRANCE 437 10,339 313 12 3 7 2 7 FRANCE 15 ENTERGY 478 9,562 248 15 3 10 1 12 U.S. 16 EDISON INTERNATIONAL 487 9,235 700 7 8 3 3 3 U.S. TOTAL 307,208 8,967 MEDIAN 14,732 609 44 WHOLESALERS 9 COMPANIES 1 MCKESSON 174 20,857 155 6 1 6 3 7 U.S. 2 SUPERVALU 222 17,201 231 2 1 3 6 3 U.S. 3 FRANZ HANIEL 226 16,907 178 5 1 5 3 6 GERMANY 4 INGRAM MICRO 233 16,582 194 3 1 4 4 4 U.S. 5 FLEMING 254 15,373 25 9 0 9 1 9 U.S. 6 SYSCO 281 14,455 303 1 2 1 9 1 U.S. 7 BERGEN BRUNSWIG 387 11,660 82 7 1 7 3 5 U.S. 8 CARDINAL HEALTH 415 10,968 181 4 2 2 6 2 U.S. 9 EDEKA ZENTRALE 465 9,887 47 8 0 8 2 8 GERMANY TOTAL 133,890 1,396 MEDIAN 15,373 178

45 MISCELLANEOUS 8 COMPANIES

1 DENTSU 340 12,778 74 1 1 1 1 1 JAPAN (advertising) 2 KAWASAKI HEAVY INDS. 426 10,568 151 1 1 1 2 1 JAPAN (transportation equipment) 3 MCDONALD'S 397 11,409 1,643 1 14 1 9 1 U.S. (food services) 4 MITSUI FUDOSAN 481 9,439 (257) 1 (3) 1 (1) 1 JAPAN (real estate) 5 NIKE 490 9,187 796 1 9 1 15 1 U.S. (apparel) 6 PENINSULAR & ORIENTAL 472 9,694 545 1 6 1 5 1 BRITAIN (shipping) 7 SCHLUMBERGER 421 10,754 1,296 1 12 1 11 1 NETH. ANTILLES (oilfield services) 8 WASTE MANAGEMENT 485 9,273 (1,176) 1 (13) 1 (9) 1 U.S. (waste management) TOTAL 83,102 3,072