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ed Interests tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4) for the year will be reallocated to the capital accounts of Millennium Management as its "Incentive Allocation." The Net Capital Appreci
d partnership formed in November 1997. Millennium USA's principal office is located at 666 Fifth Avenue, 8th Floor, New York, New York 10103-0899. Master-Feeder Relationship As discussed in Part Two of this Confidential Memorandum under "The Master Partnership's Organization — Organization," the master-feeder relationsh
llennium USA tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4 but including the amount of any Early Withdrawal Charge withheld for the benefit of such Limited Partners) for the year will be reallocate
that Millennium determines are appropriate for the Fund. The Master Partnership's Organization Organization Organization of the Master Partnership; Master-Feeder Relationship. The Master Partnership was initially organized in 1989 as a Delaware limited partnership and was redomiciled in the Cayman Islands as of January I
llennium USA tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4 but including the amount of any Early Withdrawal Charge withheld for the benefit of such Limited Partners) for the year will be reallocate
that Millennium determines are appropriate for the Fund. The Master Partnership's Organization Organization Organization of the Master Partnership; Master-Feeder Relationship. The Master Partnership was initially organized in 1989 as a Delaware limited partnership and was redomiciled in the Cayman Islands as of January I
Entities connected to both Special Limited and Master-Feeder Relationship

Cayman Islands
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONReliance
ORGANIZATION
United Kingdom
LOCATION
the Cayman Islands
LOCATION
New York State
LOCATIONMillennium Partners
ORGANIZATIONCapital Structure
ORGANIZATIONErnst & Young LLP
ORGANIZATIONIndependent Public Accountants
ORGANIZATIONManagement of Millennium USA
ORGANIZATIONMillennium International, Ltd.
ORGANIZATIONCayman
LOCATIONMillennium USA's
LOCATIONThe Master Partnership's Organization
ORGANIZATION
New York
LOCATIONTrigger Event
ORGANIZATION
Millennium
ORGANIZATION
U.S. Treasury
ORGANIZATIONKeogh
ORGANIZATION