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F ederal Reserve bank of DALLAS, TEXAS Da lla s 75222 Circular No. 71-158 July 12, 1971 REVISED LIST OF OTC MARGIN STOCKS To All Banks, Regulation G Registrants and Others Concerned in the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System has issued, effective July 12, 1971* a revised List of OTC Margin Stocks, pursuant to the provisions of Regulations G, T, and U. The list is published from time to time by the Board as a guide for lenders subject to those regulations and for the general public. Stocks will be added to the list, or deleted in the interim between publication as deemed appropriate by the Board. The revised list contains b^G issues which are divided into three sections — corporate, bank, and insurance stocks. Twenty-two companies have been removed from the list and seven name changes have taken place. A copy of the revised list is enclosed. All such lists and changes dated prior to July 12, 1971> should be destroyed. Yours very truly, P. E. Coldwell President Enclosure This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) L IS T OF OTC MARGIN STOCKS as of July 12, 1971 This list of “ OTC margin stocks” is comprised of stocks traded over the counter (OTC) that have been determined by the Board of Governors of the Federal Reserve System to be subject to margin requirements as of July 12, 1971, pursuant to Sections 207.2(f) of Federal Reserve Regulation G, “ Securities Credit by Persons other than Banks, Brokers, or D ealers,” 220.2(e) of Regula tion T, “ Credit by Brokers and Dealers,” and 221.3(d) of Regulation U, “ Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks.” The list is published from time to time by the Board as a guide for lenders subject to the regulations and the general public. Stocks w ill be added to the list, or deleted, in the interim between publications as deemed appropriate by the Board. This list supersedes the previous list of OTC margin stocks published as of July 20, 1970, including changes thereto. For current informa tion contact the nearest Federal Reserve Bank. CAUTION: Stocks appearing on the list have not been approved, in any way, by the Board and representation by any person that their appearance on the list indicates approval by the Board or is based on approval by any gov ernment agency is unlawful. Any inquiry relating to this list or to Regulations G, T, or U should be addressed to the nearest Federal Reserve Bank. (Prepared for Purposes of Regulations G, T, and U) BOARD OF GOVERNORS OF T H E F E D E R A L RESERVE SYSTEM WASHINGTON AITS, INC. $.10 par common ANIXTER BROTHERS, INC. $1.00 par common BRUSH BERYLLIUM COMPANY, THE $1.00 par common AVM CORPORATION $1.00 par common APPLEBAUMS1 FOOD MARKETS, INC. $1.00 par common BUCKBEE MEARS COMPANY $.10 par common ACUSHNET COMPANY Common ARDEN-MAYFAIR, INC. $1.00 par common BUCKEYE INTERNATIONAL, INC. No par common, $5.00 stated value ADDISON-WESLEY PUBLISHING COMPANY, INC. Class B, no par common ARKANSAS-MISSOURI POWER COMPANY $2.50 par common BURNUP & SIMS INC. $.10 par common ARKANSAS WESTERN GAS COMPANY $2.50 par common BUTLER MANUFACTURING COMPANY No par common ARROW-HART, INC. $10.00 par common CAMPBELL TAGGART, INC. $1.00 par common ARVIDA CORPORATION $1.00 par common CAPITOL INTERNATIONAL AIRWAYS, INC. $1.00 par common ALLEGHENY BEVERAGE CORPORATION $1.00 par common ASSOCIATED COCA-COLA BOTTLING COMPANY, INC. $.50 par common CAROLINA CARIBBEAN CORPORATION $.83-1/3 par common ALLYN AND BACON, INC. $.50 par common ASSOCIATED TRUCK LINES, INC. $3.00 par common ALPHANUMERIC, INC. Common ATLANTA GAS LIGHT COMPANY $5.00 par common ALPINE GEOPHYSICAL ASSOCIATES, INC. $.10 par common BAIRD-ATOMIC, INC. $1.00 par common CENTRAL VERMONT PUBLIC SERVICE CORPORATION $6.00 par common AMAREX, INC. $1.00 par common BANGOR HYDRO-ELECTRIC COMPANY $5.00 par common CHANCE, A. B. COMPANY $2.50 par common AMERICAN BIOCULTURE, INC. $.02 par common BARBER-GREENE COMPANY $5.00 par common CHEMICAL LEAMAN TANK LINES, INC. $2.50 par common AMERICAN EXPRESS COMPANY $1.66-2/3 par common $1.50 convertible preferred BARDEN CORPORATION, THE $1.00 par common CHESAPEAKE INSTRUMENT CORPORATION $1.00 par common BARNES-HIND PHARMACEUTICALS, INC. No par common CHICAGO BRIDGE & IRON COMPANY $6.66-2/3 par common BASSETT FURNITURE INDUSTRIES, INC. $5.00 par common CITIZENS UTILITIES COMPANY Series A, $1.00 par common Series B, $1.00 par common ADVANCE ROSS CORPORATION $.10 par common ALEXANDER & ALEXANDER, INC. No par common ALEXANDER & BALDWIN, INC. No par common AMERICAN FINANCIAL CORPORATE ON No par common AMERICAN FURNITURE COMPANY, INC. $1.00 par common AMERICAN GREETINGS CORPORATION Class A, $1.00 par common AMERICAN MEDICORP, INC. $.01 par common AMERICAN NUCLEAR CORPORATION $.04 par common AMERICAN TELEVISION & COMMUNICATIONS CORPORATION $.75 par common CARTE BLANCHE CORPORATION Class A, $1.00 par common CASCADE NATURAL GAS CORPORATION $1.00 par common BEEFLAND INTERNATIONAL, INC. $1.00 par common BETZ LABORATORIES, INC. $.10 par common BIBB MANUFACTURING COMPANY $12.50 par common BIO-DYNAMICS, INC. No par common BLACK HILLS POWER AND LIGHT COMPANY $1.00 par common CLARK, J. L. MANUFACTURING COMPANY $1.00 pac common CLEVEPAK CORPORATION Common CLINTON OIL COMPANY $.03-1/3 par common CLOW CORPORATION $6.25 par common COGAR CORPORATION $.60 par common AMERICAN WELDING & MANUFACTURING COMPANY, THE No par common BOOZ, ALLEN & HAMILTON, INC. Common ANADITE, INC. Common BRENCO, INC. $1.00 par common COGNITRONICS CORPORATION $.20 par common ANHEUSER-BUSCH, INC. $1.00 par common BROWNING ARMS COMPANY Capital COLDWELL, BANKER AND COMPANY No par common 2 COMMONWEALTH TELEPHONE COMPANY $6.66-2/3 par common DOWNTOWNER CORPORATION, THE Common FRIGITRONICS, INC. $.10 par common COMPUTER COMMUNICATIONS, INC. $1.00 par common DOYLE DANE BERNBACH INC. $.50 par common GRT CORPORATION No par common COMPUTER USAGE COMPANY, INC. Common DUNKIN' DONUTS INC. $1.00 par common GARFINCKEL, BROOKS BROTHERS, MILLER & RHOADS $.50 par common COMRESS, INC. $.05 par common DURIRON COMPANY, INC., THE $1.25 par common CONAGRA, INC. $5.00 par common EASTERN SHOPPING CENTERS, INC. $5.00 par common CONTINENTAL INVESTMENT CORPORATION $1.00 par common ECKRICH, PETER & SONS, INC. No par common CONTRAN CORPORATION Common ECONOMICS LABORATORY, INC. Common CORNELIUS COMPANY, THE $.20 par common EL PASO ELECTRIC COMPANY No par common COUSINS PROPERTIES INC. $1.00 par common ELBA SYSTEMS CORPORATION No par common CROSS COMPANY, THE $5.00 par common ELECTRO-NUCLEONICS, INC. $.02-1/2 par common CRUTCHER RESOURCES CORPORATION $1.00 par common GATES LEARJET CORPORATION $1.00 par common GELMAN INSTRUMENT COMPANY $.10 par common GENERAL AIRCRAFT CORPORATION $1.00 par common GENERAL HEALTH SERVICES, INC. $1.00 par common GENERAL MEDICAL CORPORATION $1.00 par common GENERAL UNITED GROUP, INC. $.25 par common GIFFEN INDUSTRIES, INC. $1.00 par common ENERGY CONVERSION DEVICES, INC. $.01 par common GIFFORD-HILL & COMPANY $2.00 par common ENERGY RESOURCES CORPORATION $1.00 par common GILFORD INSTRUMENT LABORATORIES INC. No par common EPSCO, INC. No par common GLEASON WORKS Common EQUITY OIL COMPANY $1.00 par common GOLDEN CYCLE CORPORATION, THE No par common ERIE TECHNOLOGICAL PRODUCTS, INC. $2.50 par common GRAPHIC CONTROLS CORPORATION $1.00 par common FABRI-TEK INC. $.10 par common GRAPHIC SCIENCES, INC. $.50 par common DELHI INTERNATIONAL OIL CORPORATION $.10 par common FARRINGTON MANUFACTURING COMPANY $1.00 par common GREAT SOUTHWEST CORPORATION Common DELUXE CHECK PRINTERS, INC. $1.00 par common FIRST WESTERN FINANCIAL CORPORATION $1.00 par common GREEN MOUNTAIN POWER CORPORATION $3.33-1/3 par common DETREX CHEMICAL INDUSTRIES, INC. $2.00 par common FLICKINGER, S. M. COMPANY, INC. $2.50 par common GYRODYNE COMPANY OF AMERICA, INC. $1.00 par common DIAMOND CRYSTAL SALT COMPANY $2.50 par common FLORIDA TELEPHONE CORPORATION $2.50 par common HARDEE'S FOOD SYSTEMS, INC. No par common DISC INC. $1.00 par common FOOD FAIR PROPERTIES, INC. $.01 par common HASBRO INDUSTRIES, INC. $.50 par common DONALDSON COMPANY, INC. $5.00 par common FOSTER GRANT COMPANY, INC. Common HAVEN INDUSTRIES, INC. $.01 par common DONALDSON, LUFKIN & JENRETTE, INC. $.10 par common FOTOMAT CORPORATION No par common HAWTHORNE FINANCIAL CORPORATION $1.00 par capital DOW JONES & COMPANY, itiC. $1.00 par common '“ FRIENDLY ICE CREAM CORPORATION $1.00 par common HEATH TECNA CORPORATION No par common DALTO ELECTRONICS CORPORATION $.50 par common DASA CORPORATION $1.00 par common DATA GENERAL CORPORATION $.01 par common DATA PACKAGING CORPORATION $.10 par common DEKALB AGRESEARCH, INC. Class B, no par common 3 HERFF JONES COMPANY No par common KDI CORPORATION $.35 par common LYNCH COMMUNICATION SYSTEMS INC. $1.00 par common HEXCEL CORPORATION $1.00 par common KMS INDUSTRIES, INC. $.01 par common MADISON GAS AND ELECTRIC COMPANY $8.00 par common HOOVER COMPANY, THE $2.50 par common KAISER STEEL CORPORATION $ .66-2/3 par common $1.46 preferred MAINE SUGAR INDUSTRIES, INC. $1.25 par common HORIZON CORPORATION $.01 par common HYATT CORPORATION $.50 par common HYSTER COMPANY $.50 par common ISI CORPORATION No par common INDIANAPOLIS WATER COMPANY $7.50 par common INDUSTRIAL NUCLEONICS No par common INFORMATICS, INC. $.10 par common INLAND CONTAINER CORPORATION Class A, no par conmon INTERNATIONAL BANK (Washington, D. C.) Class A, common INTERNATIONAL BOOK CORPORATION $.02 par common KALVAR CORPORATION $.02 par capital MAJOR REALTY CORPORATION $.01 par common KAMAN CORPORATION Class A, $1.00 par common MALLINCKRODT CHEMICAL WORKS Class A, non-voting, $3.33-1/3 par common KEARNEY & TRECKER CORPORATION $2.00 par common MANAGEMENT ASSISTANCE INC. $.10 par common KEENE CORPORATION $.10 par comnon MAUI LAND & PINEAPPLE COMPANY, INC. No par common KELLWOOD COMPANY Common MEDIC-HOME ENTERPRISES INC. $.10 par common KELLY SERVICES, INC. $1.00 par common MEDICENTERS OF AMERICA, INC. $1.00 par common KEYES FIBRE COMPANY $1.00 par common MEDTRONIC, INC. $.10 par common KEYSTONE CUSTODIAN FUNDS, INC. Class A, non-voting, no par common MIDAS-INTERNATIONAL CORPORATION Class A, $1.00 par common KING RESOURCES COMPANY Common MILLIPORE CORPORATION $.33-1/3 par common KNAPE & VOGT MANUFACTURING COMPANY $2.00 par common MOGUL CORPORATION, THE No par common KUHLMAN CORPORATION $1.00 par common MOHAWK RUBBER COMPANY $1.00 par common LADD PETROLEUM CORPORATION $.10 par common MOORE, SAMUEL AND COMPANY No par common LANCE, INC. $2.50 par common MOTOR CLUB OF AMERICA COMPANIES $.50 par common LANDA INDUSTRIES, INC. $.10 par common MURPHY PACIFIC MARINE SALVAGE COMPANY No par common LANE WOOD, INC. No par common NATIONAL LIBERTY CORPORATION $1.00 par common IOWA SOUTHERN UTILITIES COMPANY $10.00 par common LEHIGH COAL AND NAVIGATION COMPANY, THE $1.00 par common NATIONAL STUDENT MARKETING CORPORATION $1.00 par common JAMES, FRED S. & COMPANY, INC. $.50 par common LEISURE GROUP, INC., THE No par common NEW ENGLAND GAS AND ELECTRIC ASSOCIATION $4.00 par common JAMESBURY CORPORATION $1.00 par common LIN BROADCASTING CORPORATION Common NEW JERSEY NATURAL GAS COMPANY $5.00 par common JET AVION CORPORATION $.10 par common LOMAS & NETTLETON FINANCIAL CORPORATION $2.00 par common NICHOLSON FILE COMPANY $1.00 par common INTERNATIONAL LEISURE CORPORATION $1.00 par common INTERNATIONAL MULTIFOODS CORPORATION $1.00 par common INTERNATIONAL TEXTBOOK COMPANY (INTEXT) No par common INTERWAY CORPORATION $1.00 par common INVESTMENT CORPORATION OF FLORIDA $.02 par common JOSLYN MANUFACTURING AND SUPPLY COMPANY $1.25 par common LOWE'S COMPANIES, INC. $.50 par common 4 NIELSEN, A. C. COMPANY Class A, $1.00 par common Class B, $1.00 par common t NORTH CAROLINA NATURAL GAS CORPORATION $2.50 par comnon PIEDMONT AVIATION, INC. $1.00 par common SCRIPTO, INC. $.50 par common NORTH CENTRAL AIRLINES, INC. $.20 par comnon PIZZA HUT, INC. $.01 par common SEA WORLD, INC. $.50 par common NORTHWEST NATURAL GAS COMPANY $3.00-1/6 par common POPE & TALBOT, INC. $2.00 par common SEISMIC COMPUTING CORPORATION $.10 par common NORTHWESTERN PUBLIC SERVICE COMPANY $7.00 par common POPEIL BROTHERS, INC. No par common SEVEN-UP COMPANY, THE $1.00 par common NOXELL CORPORATION Class B, non-voting, $1.00 par common PROFESSIONAL GOLF COMPANY $.50 par common SHAKESPEARE COMPANY Common PUBLIC SERVICE COMPANY OF NEW MEXICO $5.00 par common SHAREHOLDERS CAPITAL CORPORATION $.50 par common OCEAN DRILLING & EXPLORATION COMPANY $.50 par comnon OHIO ART COMPANY, THE $1.00 par common OIL SHALE CORPORATION, THE $.15 par common ORMONT DRUG & CHEMICAL COMPANY, INC. $.10 par common OTTER TAIL POWER COMPANY $5.00 par common OVERSEAS NATIONAL AIRWAYS, INC. $1.00 par common OZITE CORPORATION $1.00 par common PABST BREWING COMPANY No par common PACIFIC RESOURCES, INC. $6.66-2/3 par common PANOIL COMPANY $.10 par common PARKER DRILLING COMPANY $1.00 par common PARKVIEW-GEM, INC. $1.00 par common PAULEY PETROLEUM INC. $1.00 par common PAVELLE CORPORATION, THE $.10 par common PAY'N SAVE CORPORATION No par common PENNSYLVANIA GAS AND WATER COMPANY No par common, $10.00 stated value PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INC. $1.00 par common PUBLISHERS COMPANY, INC. $.40 par common QUALITY COURTS MOTELS, INC. $1.00 par common RANSBURG ELECTRO-COATING CORPORATION $.15 par common RAYCHEM CORPORATION No par common RAYGO, INC. $.05 par common RECOGNITION EQUIPMENT INC. $.25 par common REID-PROVIDENT LABORATORIES INC. $1.00 par common RIVAL MANUFACTURING COMPANY Common ROADWAY EXPRESS, INC. No par common ROBERTS COMPANY $1.00 par common ROUSE COMPANY, THE $.01 par common RUSSELL STOVER CANDIES, INC. $1.00 par common SAGA ADMINISTRATIVE CORPORATION $1.00 par common SHOP RITE FOODS, INC. $3.33-1/3 par common SIMON & SCHUSTER, INC. $.50 par common SMITHFIELD FOODS, INC. $1.00 par common SMITH *S TRANSFER CORPORATION $2.50 par common SOUTHERN INDUSTRIES CORPORATION No par common SOUTHERN NEW ENGLAND TELEPHONE COMPANY, THE $25.00 par common SOUTHLAND CORPORATION, THE $.01 par common SOUTHWEST GAS CORPORATION $1.00 par common SOUTHWEST GAS PRODUCING COMPANY, INC. $1.00 par common SOVEREIGN INDUSTRIES, INC. $.04 par common SPANG INDUSTRIES,INC. $1.00 par common STANDARD REGISTER COMPANY, THE Common STIRLING HOMEX CORPORATION $.01 par common SUBSCRIPTION TELEVISION, INC. $.01 par capital SUGARDALE FOODS, INC. No par common PETTIBONE CORPORATION $10.00 par common SAUL, B. F. REAL ESTATE INVESTMENT TRUST Shares of Beneficial Interest SUPERIOR ELECTRIC COMPANY, THE $1.00 par common PHILADELPHIA SUBURBAN CORPORATION $1.00 par comnon SCIENTIFIC CONTROL CORPORATION $.20 par common TDA INDUSTRIES, INC. Common PHOTON, INC. $1.00 par common SCOPE INC. $1.00 par common TAMPAX INC. $1.00 par common 5 TASSETTE, INC. Class A, $.10 par common WERNER CONTINENTAL, INC. $.50 par common CONTINENTAL BANK (Pennsylvania) $10.00 par common TAYLOR WINE COMPANY, INC., THE $2.00 par common WESTERN GEAR CORPORATION $1.00 par common DETROIT BANK AND TRUST COMPANY, THE $10.00 par common TELECOR, INC. $.50 par common WESTERN PUBLISHING COMPANY, INC. $1.00 par common, $2.50 stated value EQUIMARK CORPORATION $5.00 par common TELEVISION COMMUNICATIONS CORPORATION $1.00 par capital TEXAS AMERICAN OIL CORPORATION $.10 par common TEXAS INTERNATIONAL AIRLINES, INC. $2.00 par common TEXFI INDUSTRIES, INC. $1.00 par coonnon TIFFANY & COMPANY $1.00 par common TITAN GROUP, INC. $1.00 par common TRACOR, INC. Common WESTGATE-CALIFORNIA CORPORATION Class A, $5.00 par common FIDELITY CORPORATION OF PENNSYLVANIA $1.00 par common WHITE SHIELD CORPORATION $.05 par common FIRST & MERCHANTS CORPORATION (Virginia) $10.00 par common WINTER PARK TELEPHONE COMPANY, THE $2.50 par common FIRST BANK SYSTEM, INC. $5.00 par capital WISCONSIN POWER AND LIGHT COMPANY Common FIRST CITY NATIONAL BANK OF HOUSTON $10.00 par common-capital WOODWARD & LOTHROP INC. $10.00 par common FIRST EMPIRE STATE CORPORATION $5.00 par common YELLOW FREIGHT SYSTEM, INC. $1.00 par common FIRST JERSEY NATIONAL CORPORATION $5.00 par common YOUNKER BROTHERS, INC. No par common FIRST MERCHANTS NATIONAL BANK, ASBURY PARK $2.50 par common TRANSCONTINENTAL GAS PIPE LINE CORPORATION $.50 par common FIRST NATIONAL BANK IN DALLAS $10.00 par common-capital BANK STOCKS TRANSOCEAN OIL, INC. $1.00 par common TRICO PRODUCTS CORPORATION No par common AMERICAN SAVINGS & LOAN ASSOCIATION $.33-1/3 par permanent reserve guarantee stock TRINITY INDUSTRIES, INC. $1.00 par common AMERICAN SECURITY AND TRUST COMPANY $3.33-1/3 par capital TYSON FOODS, INC. Common BANCO CREDITO Y AHORRO PONCENO $5.00 par common UNITED CONVALESCENT HOSPITALS, INC. $1.00 par common BANK OF HAWAII $8.00 par common UNITED ILLUMINATING COMPANY, THE No par common UNITED STATES BANKNOTE CORPORATION $1.00 par common WARNER ELECTRIC BRAKE & CLUTCH COMPANY $1.00 par common WASHINGTON NATURAL GAS COMPANY $5.00 par common WATER TREATMENT CORPORATION Common WEBB RESOURCES, INC. $.10 par common WELLINGTON MANAGEMENT COMPANY Class A, $.10 par common FIRST NATIONAL BANK OF MARYLAND, THE $5.00 par common FIRST NATIONAL HOLDING CORPORATION (Memphis, Tennessee) $5.00 par common FIRST PENNSYLVANIA CORPORATION $1.00 par common FIRST UNION NATIONAL BANCORP, INC. $5.00 par capital BANKAMERICA CORPORATION $6.25 par common FRANKLIN NEW YORK CORPORATION Common Convertible preferred BARNETT BANKS OF FLORIDA, INC. $2.00 par common GIRARD COMPANY, THE $1.00 par common BAYSTATE CORPORATION $7.50 par common HARRIS TRUST AND SAVINGS BANK Capital CP FINANCIAL CORPORATION $1.00 par common LINCOLN FIRST BANKS,INC. $10.00 par common CITIZENS AND SOUTHERN NATIONAL BANK, THE (Georgia) Class A, $5.00 par common LONG ISLAND TRUST COMPANY $5.00 par common CLEVELAND TRUST COMPANY, THE $20.00 par capital COMMERCIAL TRUST COMPANY OF NEW JERSEY $5.00 par capital 6 MANUFACTURERS NATIONAL BANK OF DETROIT $10.00 par common MARYLAND NATIONAL CORPORATION $5.00 par common MELLON NATIONAL BANK AND TRUST COMPANY Common MIDLANTIC BANKS, INC. $10.00 par common MONMOUTH COUNTY NATIONAL BANK, THE $1.00 par common-capital NCNB CORPORATION $5.00 par common UNITED STATES TRUST COMPANY OF NEW YORK $5.00 par capital UNITED VIRGINIA BANKSHARES INC. $10.00 par common VALLEY NATIONAL BANK OF ARIZONA, THE $2.50 par common VIRGINIA NATIONAL BANK $5.00 par common NATIONAL BANK OF DETROIT $12.50 par common NATIONAL CITY BANK OF CLEVELAND, THE $8.00 par common NEW ENGLAND MERCHANTS COMPANY, INC. $5.00 par common NEW JERSEY NATIONAL BANK $5.00 par common NORTHERN TRUST COMPANY, THE $20.00 par capital PNB CORPORATION $1.00 par common PITTSBURG NATIONAL CORPORATION $10.00 par common PROVIDENT NATIONAL CORPORATION $1.00 par common REPUBLIC NATIONAL BANK OF DALLAS $6.00 par common-capital RIGGS NATIONAL BANK OF WASHINGTON, D. C., THE $10.00 par common SEATTLE-FIRST NATIONAL BANK $10.00 par common SECURITY NATIONAL BANK (Huntington, New York) $5.00 par common SECURITY PACIFIC NATIONAL BANK $10.00 par common SHAWMUT ASSOCIATION, INC. $5.00 par common SOUTHEAST BANKING CORPORATION $5.00 par common STATE STREET BOSTON FINANCIAL CORPORATION $10.00 par common TRUST COMPANY OF NEW JERSEY, THE $2.50 par common UNITED BANCSHARES OF FLORIDA, INC. $1.00 par common UNITED BANKS OF COLORADO, INC. $5.00 par common COLONIAL LIFE & ACCIDENT INSURANCE COMPANY Class B, non-voting, $1.00 par common COMBINED INSURANCE COMPANY OF AMERICA $1.00 par common CONNECTICUT GENERAL INSURANCE CORPORATION $2.50 par common CRUM & FORSTER $2.50 par common INSURANCE STOCKS AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA $2.50 par common AMERICAN BANKERS LIFE ASSURANCE COMPANY OF FLORIDA Common AMERICAN FAMILY LIFE ASSURANCE COMPANY OF COLUMBUS $1.00 par common AMERICAN FIDELITY LIFE INSURANCE COMPANY $1.00 par common AMERICAN HERITAGE LIFE INVESTMENT CORPORATION $1.00 par common AMERICAN INTERNATIONAL GROUP, INC. $5.00 par common AMERICAN NATIONAL INSURANCE COMPANY $1.00 par common AMERICAN RE-INSURANCE COMPANY $3.00 par capital BMA CORPORATION $2.00 par common BANKERS NATIONAL LIFE INSURANCE COMPANY $2.00 par common BENEFICIAL STANDARD CORPORATION Class A, $1.00 par common CALIFORNIA-WESTERN STATES LIFE INSURANCE COMPANY $2.50 par common-capital CAPITAL HOLDING CORPORATION $1.00 par common EASTERN LIFE INSURANCE COMPANY OF NEW YORK $1.00 par common EMPIRE GENERAL CORPORATION $1.00 par common EMPIRE LIFE INSURANCE COMPANY OF AMERICA Class A, $1.00 par common FAMILY LIFE INSURANCE COMPANY Class A, non-voting, common FARMERS NEW WORLD LIFE INSURANCE COMPANY $1.00 par common FIDELITY CORPORATION (Virginia) $1.00 par common FIDELITY UNION LIFE INSURANCE COMPANY $1.00 par common FIRST NATIONAL CORPORATION (Houston, Texas) Class A, $1.00 par common FOUNDERS FINANCIAL CORPORATION $1.00 par common FRANKLIN LIFE INSURANCE COMPANY, THE $2.00 par common GEORGIA INTERNATIONAL CORPORATION $1.00 par common GLOBE LIFE AND ACCIDENT INSURANCE COMPANY $1.00 par common GOVERNMENT EMPLOYEES INSURANCE COMPANY $4.00 par common GOVERNMENT EMPLOYEES LIFE INSURANCE COMPANY $1.50 par common CHUBB CORPORATION, THE $1.00 par common GREAT COMMONWEALTH LIFE INSURANCE COMPANY $1.00 par common COASTAL STATES LIFE INSURANCE COMPANY Common HAMILTON INTERNATIONAL CORPORATION Class A, $1.00 par common 7 HANOVER INSURANCE COMPANY, THE $10.00 par common HORACE MANN EDUCATORS CORPORATION Common INDEPENDENT LIFE & ACCIDENT INSURANCE COMPANY, THE Non-voting, common INTEGON CORPORATION $1.00 par common INTERFINANCIAL INC. $1.00 par common INTERSTATE CORPORATION, THE $1.00 par common KENTUCKY CENTRAL LIFE INSURANCE COMPANY Class A, non-voting, $1.00 par common LIBERTY NATIONAL LIFE INSURANCE COMPANY $2.00 par common-capital LINCOLN CONSOLIDATED, INC. $1.00 par coranon LOUISIANA AND SOUTHERN LIFE INSURANCE COMPANY $1.00 par common MIDWESTERN UNITED LIFE INSURANCE COMPANY $1.00 par common MISSION EQUITIES CORPORATION No par common MONARCH CAPITAL CORPORATION $1.00 par common MONUMENTAL CORPORATION $5.00 par common MUTUAL SAVINGS LIFE INSURANCE COMPANY Common PROVIDENT LIFE INSURANCE COMPANY $2.50 par common NLT CORPORATION $5.00 par common REPUBLIC NATIONAL LIFE INSURANCE COMPANY $1.00 par common NATIONAL LIFE OF FLORIDA CORPORATION $1.00 par common RICHMOND CORPORATION Common NATIONAL OLD LINE INSURANCE COMPANY Class BB, non-voting, $1.00 par common SAFECO CORPORATION $5.00 par common ST. PAUL COMPANIES, INC., THE $3.00 par common NATIONAL WESTERN LIFE INSURANCE COMPANY Class A, common SECURITY CORPORATION, THE $10.00 par common NATIONWIDE CORPORATION Class A, $2.50 par common SECURITY LIFE AND ACCIDENT COMPANY Series A, $2.00 par common NORTH AMERICAN LIFE AND CASUALTY COMPANY $1.00 par common NORTHWESTERN NATIONAL LIFE INSURANCE COMPANY $1.25 par common OHIO CASUALTY CORPORATION $.50 par common OLD LINE LIFE INSURANCE COMPANY OF AMERICA, THE $1.33-1/3 par common PENNSYLVANIA LIFE COMPANY $.66-2/3 par common PHILADELPHIA LIFE INSURANCE COMPANY $1.00 par common PROVIDENT LIFE & ACCIDENT INSURANCE COMPANY Common 8 SOUTHWESTERN LIFE INSURANCE COMPANY $2.50 par capital UNICOA CORPORATION $2.50 par common UNITED FOUNDERS LIFE INSURANCE COMPANY $1.00 par common UNITED LIFE & ACCIDENT INSURANCE COMPANY $1.00 par common UNITED SERVICES LIFE INSURANCE COMPANY $1.00 par common VARIABLE ANNUITY LIFE INSURANCE COMPANY, THE $1.00 par common WASHINGTON NATIONAL CORPORATION $5.00 par common