P 12/31/2012 Rich, The carrying value of =nvestments in Apollo entities shown on the pro-forma tax returns are deriv=d from the original inception val=es of the LP's (provided to us by client from valuations at in=eption). We booked the opening values in G/L=/p> at inception ...in=tial "book" values. We

0205 EFTA02582522 The carrying value of =nvestments in Apollo entities shown on the pro-forma tax returns are deriv=d from the original inception val=es of the LP's (provided to us by client from valuations at in=eption). We booked the opening values in G/L at inception ...i=itial "book" values. We boo