AT EDGETRADE.COM INC. S/D FINANCING RETURN FROM TO S/D'12 F 0M TO -1,452 VALASSIS C MMUNICATION INC OFFSHOREARRANGliiiiiIP TO FROM 1,452 VALASSIS COMMUNICATION INC DONE AT EDGETRADE.COM INC. S/D FINANCING RETURN FROM TO S/D FidAdeiNG FROM TO PRICE 98.75910 31.95600 33.91870 12.58400 DEBIT 67,898.0

NG:3 STAR - Hold PROVIDER:Standard 6 POOr'S 03 8,665 IS) UNISOURCE ENERGY CORP HLDG CO 32.36000 280,399.40- 6,585.40- 2.349 03 5,322 IS) VALASSIS COMMUNICATION INC 30.42000 161,895.24- CREDIT FIRST I SUISSE BOSTON "CSFB RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:Rochdale Securities CREDIT SUISSE

ING:3 STAR - Hold PROVIDER:Standard S POOr'S 03 8,665 (S) UNISOURCE ENERGY CORP HLDG CO 31.20000 270,348.00- 6,585.40- 2.436 03 5,322 (S) VALASSIS COMMUNICATION INC 29.07000 154,710.54- *CSFB RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:Rochdale Securities 03 12,533 (S) VORNADO REALTY TR 83.47000 1

INDEPENDENT RATING:3 STAR - Hold PROVIDER:Standard 6 Poor's 03 8,665 IS) UNISOURCE ENERGY CORP HLDG CO 30.41000 263,502.65- 03 4,312 (S) VALASSIS COMMUNICATION INC 27.55000 118,795.60- CREDIT SUISSE •CSSU RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:ROChdale Securities CREDIT SUISSE SECURITIES (USA) L

ING:3 STAR - Hold PROVIDER:Standard 6 Poor's 03 8,665 IS) UNISOURCE ENERGY CORP HLDG CO 30.30000 262,549.50- 7,278.60- 2.772 03 1,602 (S) VALASSIS COMMUNICATION INC 28.99000 46,441.98- *CSSU RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:Rochdale Securities 03 15,083 IS) VORNADO REALTY TR 89.89000 1,

ORTFOLIO LONG OR DESCRIPTION SHORT(S) PRICE MARKET VALUE 03 8,665 (S) UNISOURCE ENERGY CORP HLDG CO 31.15000 269,914.75- 03 1,452 IS) VALASSIS COMMUNICATION INC 23.59000 34,252.68- 'CSSU RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:Roohdale Securities 03 15,083 IS) VORNADO REALTY TR 97.55000 1,

ING:3 STAR - Hold PROVIDER:Standard 6 Poor's 03 8,665 (5) UNISOURCE ENERGY CORP HLDG CO 30.25000 262,116.25- 7,278.60- 2.777 03 2,812 (S) VALASSIS COMMUNICATION INC 29.27000 82,307.24- •CSSU RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:Rochdale Securities 03 15,733 IS) VORNADO REALTY TR 95.64000 1,

LIO TYPE LONG OR SHORT(S) DESCRIPTION PRICE MARKET VALUE 03 8,665 IS) UNISOURCE ENERGY CORP HLDG CO 30.50000 264,282.50- 03 2,812 IS) VALASSIS COMMUNICATION INC 29.37000 82,588.44- 'CSSU RATING :NEUTRAL INDEPENDENT RATING:Hold PROVIDER:Rochdale Securities 03 15,733 IS) VORNADO REALTY TR 96.00000 1,

RADE.COM INC. FROM 746FY0 TO 2F8EE0 FROM 2F8EE0 TO 746FY0 -1,452 VALASSIS COMMUNICATION INC OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 1,452 VALASSIS COMMUNICATION INC DONE AT EDGETRADE.COM INC. S/D FINANCING RETURN EFTA01593265 FROM 746FY0 TO 2F8EE0 S/D FINANCING FROM 2F8EE0 TO 746FY0 19.77160 28,716.35 13,