/11/2031 CORRECTION DONE AT MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC. -160 HCC INSURANCE HOLDINGS INC DONE AT EDGETFtADE.COM INC. -26,100 FRANKLIN RESOURCES INC DONE AT MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC. - 42, 200 HCC INSURANCE HOLDINGS INC DONE AT KBC FINANCIAL PRODUCTS 1,000, 000 HCC INS HLD

OFFSHORE ARRANGING FLIP TO FROM 9,000 BARNES GROUP INC CVT 144A 03.7500 08/01/2025 OFFSHORE ARRANGING FLIP TO FROM MARK TO MARKET -26,100 FRANKLIN RESOURCES INC OFFINIARRANGIFil P TO FROM -160 HCC INSURANCE HOLDINGS INC OFFSHORE ARRANGING FLIP TO FROM - - 42,200 HCC INSURANCE HOLDINGS IN - OFFSHORE

TION 26.63000 639,120.00- 2,880.00- .451 'CSFB RATING :NEUTRAL INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard 6 POOr'S 03 26,100 (5) FRANKLIN RESOURCES INC 92.88000 2,424,168.00- 10,440.00- .431 03 98,300 IS) GENERAL MOTORS 21.90000 2,152,770.00- 196,600.00- 9.132 'CSFB RATING :OUTPERFORM IN

ACTIVITY FOR THE MONTH DESCRIPTION FRANKLIN RES INC SR LYON CVT DUE 2 05/11/2031 TENDER CREDIT PRICE DEBIT CREDIT 01 12/27 JOURNAL -26,100 FRANKLIN RESOURCES INC CLOSE SHORT VS BOX 01 12/27 TND 28,081 FRANKLIN RESOURCES INC TENDER CHARGE 03 12/27 MRKD/MARKET HARK TO MARKET 2,662,626.44 03 12/27 JOURN

IPTION DEBIT CREDIT 03 10/03/05 SUBST CHGD PPL CORP 28,370.00 SUBSTITUTE DIVIDEND CHARGE 10/01/05 ON -113480 SHARES 03 10/14/05 SUBST CHGD FRANKLIN RESOURCES INC 2,610.00 SUBSTITUTE DIVIDEND CHARGE 10/14/05 ON -26100 SHARES 01 10/17/05 INTEREST AMYLIN PHARMACEUTICALS INC SR 12,500.00 02.5000 04/15/201

RP 26.48000 1,870,838.48- 87,607.24- 4.683 "CSFB RATING :Restricted INDEPENDENT RATING:Not Shown PROVIDER:Standard 6 Poor's 03 26,100 IS) FRANKLIN RESOURCES INC 88.37000 2,306,457.00- 10,440.00- .453 03 98,300 (S) GENERAL MOTORS 27.40000 2,693,420.00- 196,600.00- 7.299 'CSFB RATING :OUTPERFORM

03 08/03 SOLD 03 08/03 SOLD 01 08/03 BOUGHT 03 08/03 SOLD 01 08/03 BOUGHT -160 HCC INSURANCE HOLDINGS INC DONE AT EDGETRADE.COM INC. -26,100 FRANKLIN RESOURCES INC DONE AT MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC. -42,200 HCC INSURANCE HOLDINGS INC DONE AT KBC FINANCIAL PRODUCTS 1,000,000 HCC INS HLDGS IN

RN FROM 746FY0 TO 2F8EE0 S/D FINANCING FROM 2F8EE0 TO 746FY0 1,981 FRANKLIN RESOURCES INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 -1,981 FRANKLIN RESOURCES INC DONE AT EDGETRADE.COM INC. 95.09070 188,358.98 188,358.98 94,179.49 94,179.49 PRICE 27.41730 DEBIT CREDIT 2,466.89 8,397.00 66,585.62 INV

DEPENDENT RATING:Not Shown PROVIDER:Standard & Poor's 26.63000 :NEUTRAL INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard & Poor's 26,100 (S) FRANKLIN RESOURCES INC 98,300 (S) GENERAL MOTORS *CSFB RATING :OUTPERFORM INDEPENDENT RATING:2 STAR - Avoid PROVIDER:Standard & Poor's 70,080 (S) HCC INSURANCE HOLDIN

unt *** ALL AMOUNTS IN US DOLLAR *** PORTFOLIO TYPE 03 03 03 03 03 03 03 03 03 03 03 03 03 01 01 01 LONG OR SHORT(S) 26,100 (S) FRANKLIN RESOURCES INC 98,300 (S) GENERAL MOTORS *CSFB RATING 80.44000 34.19000 :OUTPERFORM INDEPENDENT RATING:1 STAR - Sell PROVIDER:Standard & Poor's 66,560 (S) H

dard & Poor's 70,651 (S) DUKE ENERGY CORP *CSFB RATING 26.48000 :Restricted INDEPENDENT RATING:Not Shown PROVIDER:Standard & Poor's 26,100 (S) FRANKLIN RESOURCES INC 98,300 (S) GENERAL MOTORS *CSFB RATING :OUTPERFORM INDEPENDENT RATING:1 STAR - Sell PROVIDER:Standard & Poor's 66,560 (S) HCC INSURANCE HOLDING

T RATING:4 STAR - Accumulate PROVIDER:Standard & Poor's 29.17000 :Restricted INDEPENDENT RATING:Not Shown PROVIDER:Standard & Poor's 26,100 (S) FRANKLIN RESOURCES INC 98,300 (S) GENERAL MOTORS *CSFB RATING :OUTPERFORM INDEPENDENT RATING:1 STAR - Sell PROVIDER:Standard & Poor's 66,560 (S) HCC INSURANCE HOLDING