SEC NEWS DIGEST Issue 2003-122 June 26, 2003 ENFORCEMENT PROCEEDINGS SEC SUES NATHAN CHAPMAN, JR., HIS COMPANIES, AND OTHERS FOR FRAUD IN THE INITIAL PUBLIC OFFERING OF eCHAPMAN.COM, INC. The Commission today filed securities fraud charges against Nathan A. Chapman, Jr., three of his companies and three of his associates in connection with the June 2000 initial public offering of - and subsequent secondary market trading in - the common stock of eChapman.com, Inc (now eChapman, Inc., or ECMN). The Commission's lawsuit, filed today in the United States District Court in Baltimore, seeks antifraud injunctions, civil money penalties, disgorgement of ill- gotten gains (including salaries, bonuses and commissions) and permanent bars from service as an officer or director of a public company. The Commission alleges that the fraudulent scheme involved Chapman and officers of ECMN, a public company he controlled that is the parent company of a registered broker-dealer, The Chapman Company (TCC), and a registered investment adviser, Chapman Capital Management, Inc. (CCM). Both of those companies are also controlled by Chapman. Named as defendants in the Commission's complaint are: * Nathan A. Chapman, Jr., age 45, of Clarksville, Md. Chapman was ECMN's president, chairman of the board, and majority shareholder during the relevant period. He was also the president, chairman of the board and chief compliance officer of both registered entities, TCC and CCM, as well as CCM's chief investment officer. * eChapman, Inc. (ECMN) headquartered in Baltimore, Md. ECMN provides brokerage, investment advisory and insurance services. During the relevant period, its shares traded on the NASDAQ National Market. They currently trade on the over-the-counter bulletin board. ECMN is the parent company of defendants TCC and CCM. * The Chapman Company (TCC) is a broker-dealer registered with the Commission. * Chapman Capital Management, Inc. (CCM) is an investment adviser registered with the Commission. * Earl U. Bravo, Sr., age 55, of Baltimore, Md. Bravo was the senior vice president, secretary, assistant treasurer and member of the board of ECMN during the relevant period. He was also the chief operating officer, senior vice president, secretary and head of equity trading at TCC, as well as the secretary and assistant treasurer of CCM. * Demetris B. Brown, age 47, of Woodstock, Md. Brown was the chief financial officer, treasurer and assistant secretary of ECMN, TCC and CCM during the relevant period. He is a Certified Public Accountant. * Daniel Baldwin, Jr., age 46, of Randallstown, Md. Baldwin was senior vice president for institutional sales at TCC and a registered representative during the relevant period. The Commission's complaint alleges that, in an effort to rescue a failing IPO, Chapman, Bravo, Baldwin and Brown engaged in fraudulent conduct, including: backdating trades and placing close to one-third of the IPO shares into the account of an advisory client; unauthorized sales of ECMN stock to TCC brokerage customers; manipulating the market for ECMN stock for months following the IPO; and filing false and misleading reports with the Commission. As a result of the fraudulent conduct investors, including the Maryland state retirement and pension system, lost millions of dollars. "Investment advisers and brokers, who manage investments or buy and sell securities for others, must put their clients' interests above their own," said Arthur S. Gabinet, District Administrator of the SEC's Philadelphia District Office. "The charges against Mr. Chapman and his colleagues reflect their failure to meet the high standard the law requires and investors have a right to expect. They abused their power over their clients' money to spare Mr. Chapman the consequences of his obviously failing IPO. Today's action demonstrates the Commission's continuing commitment to protect investors." The Commission's complaint alleges that in late 1999, Chapman decided to create a new public company that would take advantage of the growing influence of the Internet and provide a broad array of online financial services. The new company, ECMN, was to be formed by merging two existing public companies, and the IPO was structured so that Chapman would own approximately 63 percent of ECMN. However, in March 2000, the NASDAQ Composite reached its all-time high and began a steady decline. Chapman had difficulty attracting investors and marketing an unproven dot-com company in the face of the falling stock market. The Commission's complaint further alleges that following the IPO on June 15, 2000, trading in ECMN opened significantly below its $13 per share offering price and never recovered. Chapman, together with Bravo, used his control over TCC and CCM to have CCM improperly place 395,000 shares - almost one-third of the IPO - with CCM's advisory client, a trust, using the trust's sub-advisers, one of which was an investment adviser owned by Alan B. Bond, currently a convicted felon. Of these shares, 175,000 were sold a week after ECMN began trading, when it was trading at $7. Chapman and Bravo illegally backdated the sale to the IPO date, at $13 per share - resulting in an instant loss of over $1 million to the trust and its investors. The complaint further alleges that, in addition to the transactions at CCM, defendant Baldwin, with Bravo's knowledge, made unauthorized trades and placed ECMN IPO shares in at least 37 customer accounts at TCC. The customers on whom Baldwin preyed included the elderly, or individuals who had specifically requested low-risk investments. Many knew nothing about investing or the stock market and relied on Baldwin to make their investment decisions. Finally, the complaint alleges that Chapman and Bravo, through TCC, manipulated the market for ECMN by using IPO proceeds to buy hundreds of thousands of ECMN shares in the months following the offering. As a result, ECMN was left without funds to implement the business strategies that ECMN had represented to investors were the reasons for the IPO. In further efforts to prop up the price of ECMN stock, Chapman, Bravo and others discouraged advisory clients and brokerage customers from selling their ECMN stock. The defendants thereafter concealed their fraud with false and misleading statements regarding the use of the IPO proceeds in quarterly and annual reports filed with the Commission, prepared and signed by Chapman and Brown. The complaint charges all of the defendants with antifraud violations; CCM, Chapman and Bravo with investment adviser fraud; and ECMN, Chapman and Brown with reporting violations of the federal securities laws. The Commission brought this action in coordination with the United States Attorney for the District of Maryland, who today filed related criminal charges against Chapman, and the Maryland Division of Securities, which today filed civil charges against all of the defendants in the Commission's action. (Press Rel. 2003-77) COMMISSION INSTITUTES AND SETTLES PUBLIC CEASE-AND-DESIST PROCEEDINGS AGAINST ROBERT CLOYD On June 25, the Commission instituted and simultaneously settled public cease-and-desist proceedings against Robert C. Cloyd, a former Vice- President of Three Point Digital, Inc. The Commission found that Cloyd fraudulently misled the auditors of Digital Lava, Inc. about the terms of a transaction between Three Point Digital and Digital Lava. The Commission's Order found that Three Point Digital was the integrator and largest distributor of Digital Lava's Firestream system. In September 2000, Three Point Digital purchased approximately $319,000 in Firestream systems from Digital Lava. The Commission further found that Digital Lava's Vice President of Sales gave Cloyd a side letter providing that Three Point Digital did not have to pay for the Firestream systems until it re-sold the systems to customers. According to the Commission's Order, when Digital Lava's auditors sought confirmation that no undisclosed agreements or contingencies existed related to this transaction, Cloyd confirmed the transaction without disclosing the contingency as documented in the side letter. The Commission found that Cloyd's actions caused a violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and ordered Cloyd to cease and desist from committing or causing any violation and any future violations of these provisions. The Commission accepted an offer of settlement submitted by Cloyd in which he, without admitting or denying the Commission's findings, agreed to the entry of the Order. In a related proceeding announced today, the Commission obtained a permanent injunction against Digital Lava's former Vice President of Sales (Litigation Release No. 18201). (Rel. 34-48085; AAE Rel. 1807; File No. 3-11166) COMMISSION DISMISSES REVIEW WHERE APPLICANT FAILED TO AVAIL HIMSELF OF NASD PROCEDURES The Commission dismissed David I. Cassuto's application for review. The NASD had sent Cassuto a series of three requests for information in connection with its review of matters related to Cassuto's employment in the securities industry. Cassuto did not respond to the requests. Cassuto, who had left the securities industry less than two years before the NASD sought to contact him, had not updated his CRD address or arranged to have his mail forwarded. In accordance with its rules, NASD staff identified several different addresses at which Cassuto might be located and sent its requests and subsequent notices to those addresses, one of which was Cassuto's current address. When Cassuto failed to respond to its requests, the NASD sent Cassuto a Pre-Suspension Notice, stating that Cassuto had 20 days to comply with the staff's requests or be suspended. Cassuto did not comply. As a result, the NASD suspended Cassuto and warned him that he would be barred if he did not seek reinstatement within six months. Cassuto failed to comply with the requests and seek reinstatement, and was barred. The Commission previously held that it would not consider an application for review if the applicant failed to follow the NASD's procedures. Cassuto failed to update his CRD address, failed to respond to the NASD's request for information, failed to respond to either the Pre- Suspension Notice or the notice of his suspension, and failed to apply for reinstatement within the time provided. The Commission held that it was precluded from considering Cassuto's application and therefore dismissed it. (Rel. 34-48087; File No. 3-10944) SETTLED ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST ANTHONY BLISSETT On June 26, the Commission instituted and simultaneously settled administrative proceedings against Anthony W. Blissett (Blissett) that bar him from association with any investment adviser. According to the Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (Order), the Commission filed a complaint in December 2002 in the U.S. District Court for the Southern District of Florida against Blissett and a company he controlled seeking injunctive and other relief. The complaint alleged that Blissett fraudulently raised more than $31 million from several thousand investors by selling them securities that falsely guaranteed tax-free, 30% annual returns on investments of $10,000 or more. The Commission's Order finds that on March 14, 2003, the District Court entered a final judgment of permanent injunction by consent against Blissett, permanently enjoining him from future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, in the aforementioned civil action. For actions related to this matter, see Litigation Release No. 17885 (Dec. 9, 2002). (Rel. IA-2139; File No. 3-11167) COMMISSION BARS MICHAEL MULLIGAN FROM ASSOCIATION WITH ANY BROKER, DEALER OR INVESTMENT ADVISER On June 26, the Commission barred Michael T. Mulligan of Bloomington, Minnesota from association with any broker, dealer or investment adviser. Mulligan consented to the entry of the order, without admitting or denying the Commission's findings. The Commission's bar is based upon Mulligan's criminal conviction of one count of securities fraud as well as a civil injunction entered against him by the Commission in the U.S. District Court for Minnesota on May 23, 2003, that enjoined him from violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. (Rels. 34-48090; IA- 2140; File No. 3-11168) ROBERT LOHMANN SANCTIONED FOR INSIDER TRADING The Commission found that Robert Bruce Lohmann, a former associated person of Royal Alliance Associates, Inc., a registered broker-dealer and registered investment adviser, violated Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5. On June 26, the Commission barred Lohmann from associating with any broker, dealer, or investment adviser, and imposed a cease-and desist order. The Commission found that Lohmann, in possession of material non-public information about the impending merger of MAPCO, Inc. (MAPCO), tipped a co-worker who consequently traded in MAPCO securities. (Rel. 34-48092; IA-2141; File No. 3-10611) COMMISSION ISSUES SETTLED ORDERS AGAINST REMAINING RESPONDENTS IN PAY-TO-PLAY CASE On June 26, the Commission issued settled administrative orders to conclude a pending pay-to-play case arising from allegations of churning and concealed payments by persons associated with Pryor, McClendon, Counts & Co., Inc. (PMC), a registered broker-dealer now known as Pryor, Counts & Co., Inc. The orders collectively require Raymond J. McClendon (a former principal of PMC), Allen W. Counts (a principal of PMC), and Theresa A. Stanford (a former investment officer for the City of Atlanta) to cease and desist from committing or causing violations of the federal securities laws (as detailed below), bar McClendon from associating with any broker or dealer, and require Counts to pay a $25,000 civil penalty. McClendon, Counts, and Stanford each consented to entry of the orders against them without admitting or denying the matters set forth therein. The Commission previously settled with PMC and issued a related order against the firm on February 6, 2002. (See Rel. Nos. 33-8062 and 34-45402.) As detailed in the Commission's orders, the case against the respondents arose from two sets of statutory and rules violations. The first set involved business that McClendon conducted with the City of Atlanta through Stanford, and the second set involved a series of concealed payments and political contributions by McClendon to an official in Atlanta and by Counts to various political candidates and public officials in New York. With respect to the first set, the Commission found that from at least March 1992 through April 1994, Stanford used her authority as the City of Atlanta's investment officer to steer to PMC approximately $9.8 billion in purchases and sales by the City of zero-coupon securities issued by the United States Treasury (commonly known as "STRIPS"). The Commission further found that Atlanta's STRIPS transactions with PMC accounted for more than 90 percent of the City's STRIPS transactions during that period. As detailed in the Commission's orders, Stanford virtually eliminated PMC's competition for the STRIPS business by concealing the City's STRIPS holdings from other broker-dealers. The Commission also found that, during the relevant period, Stanford and McClendon caused the City of Atlanta to turn over the STRIPS portion of its securities portfolio more than eight times, with PMC receiving approximately $15.3 million in compensation from that activity. Throughout this period, the Commission found, PMC and Stanford's husband maintained a financial and business relationship that was not disclosed to the City of Atlanta. That relationship, as described in the Commission's orders, included a $30,000 payment that McClendon caused PMC to make to Stanford's husband through a conduit, more than $286,000 in professional fees paid by PMC to a firm owned by Stanford's husband, and other valuable gifts. [In August 2000, McClendon and Stanford were both convicted on numerous criminal charges involving the foregoing conduct. McClendon was sentenced to 80 months imprisonment and ordered to pay $1.5 million in restitution (which the Court found was the maximum he could pay), while Stanford was sentenced to 46 months imprisonment and ordered to pay $120,000 in restitution. Both McClendon and Stanford exhausted their appeals earlier this year, and remain incarcerated.] With respect to the second set of violations in the administrative proceeding, the Commission found that McClendon caused PMC to violate the books and records provisions of the federal securities laws and the fair dealing requirements of the Municipal Securities Rulemaking Board (MSRB) by making $135,000 in payments, between December 1992 and August 1993, to another City of Atlanta official through a conduit. The Commission also found that Counts separately funneled political contributions through conduits to the campaign organization of a New York City official in May 1994 and to a candidate for New York City office in July 1997, after which PMC unlawfully participated in negotiated bond offerings by New York City. Finally, the Commission found that Counts caused PMC to mischaracterize as consulting expenses in its books and records not only these contributions, but also a campaign contribution in 1993 to a candidate for New York state office and a payment in 1992 to a New York state official. Based on the facts described in its orders, the Commission found that: (1) McClendon willfully violated Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and MSRB Rule G-17, and willfully aided and abetted and caused PMC's violations of Sections 15B(c)(1) and 17(a) of the Exchange Act and Rule 17a-3 thereunder and MSRB Rule G-8; (2) that Counts willfully violated MSRB Rules G-17 and G-37, and willfully aided and abetted and caused his firm's violations of Sections 15B(c)(1) and 17(a)(1) of the Exchange Act and Rule 17a-3 thereunder and MSRB Rules G-8 and G-37; and (3) that Stanford violated Section 17(a) of the Securities Act of 1933 (Securities Act), Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act), and Exchange Act Rule 10b-5. All three were ordered to cease and desist from committing or causing violations of the provisions they violated, aided and abetted, and caused. In addition, McClendon was barred from associating with any broker or dealer, and Counts was ordered to pay a $25,000 civil penalty. For further information about this case and about the Commission's previous settlement with the other respondent, see Rel. Nos. 33-8062 and 34-45402 (Feb. 6, 2002), and Rel. Nos. 33-7673; 34-41345 (Apr. 29, 1999). [In the Matter of Pryor, McClendon, Counts & Co., Inc., et al., Rel. 33-8245; 8246 and 34-48094; 48095 and 48096 (June 26, 2003); Admin. Proc. File No. 3-9884] SEC CHARGES FORMER SALES VICE PRESIDENT OF DIGITAL LAVA, INC. WITH INFLATING REVENUES The Commission announced today that it filed a complaint against Peter J. Webb, age 50, of Southlake, Texas, the former Vice President of Sales for Digital Lava, Inc., for inflating revenues for Digital Lava's fiscal quarter ended Sept. 30, 2000, (Q3 2000). According to the Commission's complaint, filed in federal court in Los Angeles, Webb engaged in fraudulent sales practices to increase Digital Lava's revenue by 54% during Q3 2000, which resulted in Digital Lava reporting false financial information in its Form 10-Q for that quarter. On March 21, 2001, Digital Lava restated its Q3 2000 revenues from $1.7 million to $1.1 million. Simultaneous with the filing of the complaint, Webb settled the action. He consented, without admitting or denying the allegations in the complaint, to the entry of a final judgment permanently enjoining him from future violations of the charged provisions. Digital Lava, previously headquartered in Marina Del Rey, California, provided digital publishing services and software products that created on-demand, interactive presentations, training, and communication services until its dissolution on Jan. 30, 2002. Its stock previously traded on the Nasdaq Stock Market. The Commission's complaint alleges that during Q3 2000, Webb entered into several transactions with Digital Lava's dealers that involved placing contingencies, some documented in side letters, on the sale of a new product called Firestream. Webb concealed the contingencies from Digital Lava's management and its auditors, which caused Digital Lava to improperly recognize revenue on these sales. As a result, Digital Lava overstated revenue from its Firestream sales in Q3 2000 by $598,000, or 54%. The Commission charged Webb with violating or aiding and abetting violations of provisions of the federal securities laws, including the antifraud provisions (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder), reporting provisions (Section 13(a) of the Exchange Act and Rules 12b-20 and 13a-13 thereunder), record-keeping provisions (Section 13(b)(2)(A) of the Exchange Act and Rule 13b2-1 thereunder), internal controls provision (Sections 13(b)(5) of the Exchange Act) and lying-to-an-accountant provision (Rule 13b2-2 under the Exchange Act). In a related administrative proceeding announced today, the Commission also charged Robert C. Cloyd, former Vice President of Sales for Three Point Digital, one of Digital Lava's dealers, with causing Webb's violation. Cloyd, without admitting or denying the findings, consented to the entry of an Order that he cease and desist from committing or causing violations of certain provisions of the federal securities laws. The Commission found that Cloyd provided a false audit confirmation to Digital Lava's auditors for $319,000, which represented the largest transaction Digital Lava reversed in Q3 2000. For further information, see Administrative Proceeding File No. 3-11166 (June 25, 2003). [SEC v. Peter J. Webb, Civil Action No. CV 03-4526 AHM, RNBx, CDCA] (LR- 18201; AAE Rel. 1806) SEC OBTAINS TEMPORARY RESTRAINING ORDERS AND ASSET FREEZES AGAINST GARY MCNAUGHTON AND ANDREW LECH IN A $20 MILLION OFFERING FRAUD CASE The Commission announced today that on June 24 the Honorable Dan A. Polster of the U.S. District Court in Cleveland, Ohio granted the Commission's motion for a temporary restraining order, asset freeze and other relief to halt an ongoing $20 million offering fraud. The complaint alleges that McNaughton, of Elyria, Ohio, sold investment notes to investors and guaranteed extraordinary returns of up to 20% per year. McNaughton told investors that they would receive their returns in the form of monthly interest payments. However, McNaughton has stopped making monthly interest payments and thus, has not fulfilled his guarantee. Recently, McNaughton resorted to raising additional investor funds which he used to continue paying other investors their monthly interest. McNaughton also used funds from accounts into which investor funds were deposited to pay certain personal expenses such as luxury automobiles, a boat, motor home and credit card purchases. The complaint further alleges that after the Commission staff discovered the scheme, McNaughton solicited investors to transfer their investment to Lech of Ontario, Canada, who offered his own notes guaranteeing investors that they would receive the same monthly payments. The temporary restraining order against McNaughton prohibits him from violating the registration and anti-fraud provisions of the federal securities laws and prohibits Lech from violating the registration provisions of the federal securities laws. The Court also ordered a freeze of certain assets of the defendants. [SEC v. Gary L. McNaughton, Individually and d/b/a The Haven Equity Company, and Andrew K. Lech, USDC, NDOH, Case No. 1:03CV1249] (LR-18202) INVESTMENT COMPANY ACT RELEASES DIAMOND HILL FUNDS, ET AL. An order has been issued on an application filed by Diamond Hill Funds, et al. under Section 12(d)(1)(J) of the Investment Company Act for an exemption from Sections 12(d)(1)(A) and (B) of the Act, under Sections 6(c) and 17(b) of the Act for an exemption from Section 17(a) of the Act, and under Section 17(d) of the Act and Rule 17d-1 under the Act to permit certain joint transactions. The order permits certain registered open-end management investment companies to invest uninvested cash and cash collateral in affiliated money market funds and/or short-term bond funds. (Rel. IC-26069 - June 24) WESTERN-SOUTHERN LIFE ASSURANCE COMPANY, ET AL. A notice has been issued giving interested persons until July 18, 2003, to request a hearing on an Application filed by Western-Southern Assurance Company, et al. Applicants seek an order under Sections 26(c) of the Investment Company Act to permit the substitution of shares of the Touchstone Money Market Fund for shares of the Fidelity VIP Money Market Portfolio and the Putnam VT International Equity Fund for the Touchstone International Equity Fund. (Rel. IC-26080 - June 25) SOCIT GNRALE, ET AL. An order has been issued on an application filed by Socit Gnrale (SG Paris), SG Cowen Securities Corporation (SG Cowen), and SG Principal Protection Trust I under Section 12(d)(1)(J) of the Investment Company Act for an exemption from Section 12(d)(1)(F)(ii) of the Act, under Section 6(c) of the Act for an exemption from Section 12(d)(3) of the Act and Section 14(a) of the Act, and under Sections 6(c) and 17(b) of the Act for an exemption from Section 17(a) of the Act. The order (a) permits certain existing and future registered closed-end investment companies (each, an SG Trust, and collectively SG Trusts) that are sponsored by SG Cowen, or any entity controlling, controlled by or under common control with SG Cowen, to offer and sell shares to the public with a sales load that exceeds the limit in Section 12(d)(1)(F); (b) permits the SG Trusts to purchase certain securities from SG Paris or other issuers that are involved in securities-related activities; (c) exempts the SG Trusts from the initial net worth requirements of Section 14(a); (d) permits SG Cowen to deposit with each SG Trust the components of that SG Trust's portfolio; and (e) permits SG Paris to write certain put or index options deposited with an SG Trust and to make payments pursuant to the terms of such options to the SG Trust, and to purchase and exercise certain call options from the SG Trust. (Rel. IC-26081 - June 24) VANGUARD CONVERTIBLE SECURITIES FUND, ET AL. An order has been issued on an application filed by Vanguard Convertible Securities Fund, et al. under Section 6(c) of the Investment Company Act granting an exemption from Section 15(a) of the Act and Rule 18f-2 under the Act. The order permits the applicants to enter into and amend subadvisory agreements without shareholder approval and grants relief from certain disclosure requirements. The order supersedes an existing order. (Rel. IC-26089 - June 25) HOLDING COMPANY ACT RELEASES ENERGY EAST CORP. A notice has been issued giving interested persons until July 18, 2003, to request a hearing on a proposal by Energy East Corp. (Energy East), a registered holding company under the Act, seeking authorization to organize a second wholly-owned subsidiary service company in accordance with the provisions of Section 13 and Rule 88 under the Act and organized as a Delaware corporation. (Rel. 35-27689) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE A proposed rule change (SR-NASD-2003-94) filed by the National Association of Securities Dealers making a technical amendment to NASD Rule 2210 has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the notice in the Federal Register is expected during the week of June 30. (Rel. 34- 48079) ACCELERATED APPROVAL OF PROPOSED RULE CHANGE A proposed rule change (SR-BSE-2003-11) has been filed by the Boston Stock Exchange relating to trade through liability for certain exchange traded funds. The Commission granted accelerated approval to the proposed rule change. (Rel. 34-48080) APPROVAL OF PROPOSED RULE CHANGE The Commission approved a proposed rule change (SR-NASD-2003-72) and Amendment No. 1 thereto submitted by the National Association of Securities Dealers, through its subsidiary, The Nasdaq Stock Market, pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934, to reduce the non-directed order maximum response time for Order-Delivery ECNs in Nasdaq's SuperMontage system. (Rel. 34-48078) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 ST MARY LAND & EXPLORATION CO, 1776 LINCOLN ST STE 1100, DENVER, CO, 80203, 3038618140 - 1,300,000 ($35,191,000.00) Equity, (File 333-106438 - Jun. 25) (BR. 04) SB-2 INVISA INC, 4400 INDEPENDENCE COURT, SARASOTA, FL, 34234, 941-355-9361 - 525,444 ($1,558,332.00) Equity, (File 333-106439 - Jun. 25) (BR. 08) S-8 VISUAL NETWORKS INC, 2092 GAITHER RD, SUITE 220-I, ROCKVILLE, MD, 20850, 3012962300 - 1,250,000 ($1,768,750.00) Equity, (File 333-106441 - Jun. 25) (BR. 03) S-8 GADZOOKS INC, 4121 INTERNATIONAL PKWY, CARROLLTON, TX, 75007, 9723075555 - 0 ($862,500.00) Equity, (File 333-106442 - Jun. 25) (BR. 02) S-8 TRIDENT SYSTEMS INTERNATIONAL INC, 8012668093 - 2,000,000 ($140,000.00) Equity, (File 333-106443 - Jun. 25) (BR. 08) S-8 VMH VIDEOMOVIEHOUSE COM INC, 6048521806 - 5,000,000 ($5,120.70) Equity, (File 333-106444 - Jun. 25) (BR. 05) S-3 CAPITAL AUTOMOTIVE REIT, 8270 GREENSBORO DR STE 950, MCLEAN, VA, 22102, 7032883075 - 0 ($500,000,000.00) Other, (File 333-106445 - Jun. 25) (BR. 08) S-3 TRANSCEND SERVICES INC, 945 EAST PACES FERRY ROAD, SUITE 1475, ATLANTA, GA, 30326, 4043648000 - 2,903,422 ($8,855,437.10) Equity, (File 333-106446 - Jun. 25) (BR. 01) S-8 MEDIA 100 INC, 290 DONALD LYNCH BLVD, MARLBOROUGH, MA, 01752-4748, 5084601600 - 950,000 ($1,254,000.00) Equity, (File 333-106447 - Jun. 25) (BR. 03) S-8 21ST CENTURY TECHNOLOGIES INC, 5050 EAST BELKNAP, HALTOM CITY, TX, 76117, 8172840099 - 5,000,000 ($450,000.00) Equity, (File 333-106448 - Jun. 25) (BR. 06) S-8 MEDIA 100 INC, 290 DONALD LYNCH BLVD, MARLBOROUGH, MA, 01752-4748, 5084601600 - 400,000 ($528,000.00) Equity, (File 333-106449 - Jun. 25) (BR. 03) S-4 GB&T BANCSHARES INC, P O BOX 2760, 500 JESSE JEWELL PARKWAY S E, GAINSVILLE, GA, 30501, 0 ($25,855,304.00) Equity, (File 333-106451 - Jun. 25) (BR. 07) S-8 GENERAL COMMUNICATION INC, 2550 DENALI ST STE 1000, ANCHORAGE, AK, 99503, 9072655600 - 4,000,000 ($32,520,000.00) Equity, (File 333-106453 - Jun. 25) (BR. 37) S-8 TRANSCEND SERVICES INC, 945 EAST PACES FERRY ROAD, SUITE 1475, ATLANTA, GA, 30326, 4043648000 - 400,000 ($1,220,000.00) Equity, (File 333-106454 - Jun. 25) (BR. 01) S-2 AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/, 111 PRESIDENTIAL BLVD, STE 215, BALA CYNWYD, PA, 19004, 6106682440 - 0 ($295,000,000.00) Non-Convertible Debt, (File 333-106476 - Jun. 25) (BR. 07) S-3 LILLY ELI & CO, LILLY CORPORATE CTR, DROP CODE 1112, INDIANAPOLIS, IN, 46285, 3172762000 - 0 ($2,000,000,000.00) Other, (File 333-106478 - Jun. 25) (BR. 01) S-8 MINDSPEED TECHNOLOGIES INC, 4000 MACARTHUR BOULEVARD, NEWPORT BEACH, CA, 92660, 9495793000 - 10,400,000 ($21,112,000.00) Equity, (File 333-106479 - Jun. 25) (BR. 36) S-8 AMERICAN FIRE RETARDANT CORP, 9337 BOND AVENUE, 806-479-0449, EL CAJON, CA, 92012, 619-390-68 - 580,000,000 ($580,000.00) Equity, (File 333-106480 - Jun. 25) (BR. 02) S-8 MINDSPEED TECHNOLOGIES INC, 4000 MACARTHUR BOULEVARD, NEWPORT BEACH, CA, 92660, 9495793000 - 8,900,000 ($18,067,000.00) Equity, (File 333-106481 - Jun. 25) (BR. 36) S-4 HUNTSMAN INTERNATIONAL LLC, 500 HUNTSMAN WAY, SALT LAKE CITY, UT, 84108, 8015845700 - 0 ($150,000,000.00) Other, (File 333-106482 - Jun. 25) (BR. 02) S-4 CATHAY BANCORP INC, 777 N BROADWAY, LOS ANGELES, CA, 90012, 2136254700 - 0 ($313,209,934.00) Equity, (File 333-106483 - Jun. 25) (BR. 07) S-4 EDGE PETROLEUM CORP, 1111 BAGBY, SUITE 2100, HOUSTON, TX, 77002, 7136548960 - 0 ($20,714,551.00) Equity, (File 333-106484 - Jun. 25) (BR. 04) S-8 GROUP 1 AUTOMOTIVE INC, 950 ECHO LANE, STE 100, HOUSTON, TX, 77024, 7134676268 - 500,000 ($15,430,000.00) Equity, (File 333-106486 - Jun. 25) (BR. 02) S-8 ACTIVISION INC /NY, 3100 OCEAN PARK BLVD, STE 1000, SANTA MONICA, CA, 90405, 3102552000 - 3,000,000 ($37,440,000.00) Equity, (File 333-106487 - Jun. 25) (BR. 03) S-8 EOS INTERNATIONAL INC, 2123139400 - 24,462,500 ($12,720,500.00) Equity, (File 333-106488 - Jun. 25) (BR. 08) F-3 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD, NO 121 PARK AVE III, SCIENCE BASED INDUSTRIAL PARK, HSINCHU TAIWAN, W1, 00000, 8865780221 - 0 ($912,156,703.00) ADRs/ADSs, (File 333-106489 - Jun. 25) (BR. 36) SB-2 DIALOG GROUP INC, TWELFTH FLOOR, 257 PARK AVE. SOUTH, NEW YORK, NY, 10010, 2122541917 - 38,993,176 ($9,748,294.00) Equity, (File 333-106490 - Jun. 25) (BR. 02) S-3 AVISTA CORP, 1411 E MISSION AVE, SPOKANE, WA, 99202, 5094890500 - 0 ($9,000,000.00) Non-Convertible Debt, (File 333-106491 - Jun. 25) (BR. 02) S-8 KNIGHT RIDDER INC, 50 W SAN FERNANDO ST, SAN JOSE, CA, 95113, 4089387700 - 2,000,000 ($137,840,000.00) Equity, (File 333-106492 - Jun. 25) (BR. 05) S-4 DOLE FOOD COMPANY INC, ONE DOLE DRIVE, WESTLAKE VILLAGE, CA, 91362, 8188796600 - 0 ($475,000,000.00) Non-Convertible Debt, (File 333-106493 - Jun. 25) (BR. 04) S-3 TAG IT PACIFIC INC, 21900 BURBANK BLVD., SUITE 270, WOODLAND HILLS, CA, 91367, 8184444100 - 3,879,785 ($20,929,261.00) Equity, (File 333-106494 - Jun. 25) (BR. 05) S-8 FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, 401 NO 31ST STREET, BILLINGS, MT, 59116-0918, 4062555300 - 0 ($34,500,000.00) Equity, (File 333-106495 - Jun. 25) (BR. 07) S-8 UNITED FINANCIAL INC, P O BOX 1310, GRAHAM, NC, 27253-1310, 3362261223 - 215,909 ($1,709,999.00) Equity, (File 333-106496 - Jun. 25) (BR. 07) F-3 AEGON NV, AEGONPLEIN 50, 2591 TV, HAGUE THE NETHERLAND, P7, 011-31-70-344-8305 - 5,000,000,000 ($5,000,000,000.00) Unallocated (Universal) Shelf, (File 333-106497 - Jun. 25) (BR. 01) S-4 DOLE FOOD COMPANY INC, ONE DOLE DRIVE, WESTLAKE VILLAGE, CA, 91362, 8188796600 - 0 ($400,000,000.00) Non-Convertible Debt, (File 333-106500 - Jun. 25) (BR. 04) S-8 SOCKET COMMUNICATIONS INC, 37400 CENTRAL COURT, NEWARK, CA, 94560, 5107442700 - 1,464,559 ($2,606,915.02) Equity, (File 333-106502 - Jun. 25) (BR. 03) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ---------------------------------------------------------------------------------- 3COM CORP DE X X 06/25/03 ABFS MORT LOAN TRUST 2002-4 MORT PASS DE X X 06/15/03 ABFS MORTGAGE LOAN TRUST 2003 1 DE X X 06/15/03 ABN AMRO MORTGAGE CORP MUL CL MORT PA DE X 06/01/03 ACCUPOLL HOLDING CORP NV X 04/09/03 AMEND ACE LTD D0 X 06/20/03 ACUITY BRANDS INC DE X X 06/24/03 AI SOFTWARE INC NV X 06/10/03 AIR T INC DE X 03/31/03 ALASKA AIR GROUP INC DE X X 06/24/03 ALASKA AIRLINES INC AK X X 06/24/03 ALPHANET SOLUTIONS INC NJ X 06/25/03 AMERICAN AIRLINES INC DE X 06/25/03 AMERICAN GREETINGS CORP OH X 06/24/03 AMERICAN HEALTHWAYS INC DE X 06/25/03 AMERICAS SENIOR FINANCIAL SERVICES IN FL X 06/23/03 AMR CORP DE X 06/25/03 ANTS SOFTWARE INC DE X 06/25/03 ARROW ELECTRONICS INC NY X 06/24/03 ASSISTED LIVING CONCEPTS INC NV X 06/24/03 AT ROAD INC CA X 06/19/03 AUGUST TECHNOLOGY CORP MN X 04/15/03 AMEND AUTO NATIONS RECEIVABLES CORP DE X X 05/31/03 AUTOBYTEL INC DE X X 06/24/03 AVADO BRANDS INC GA X X X 06/29/03 AVONDALE INC GA X 06/25/03 AXT INC DE X 06/24/03 BAY VIEW SECURITIZATION CORP DE X 06/16/03 BAY VIEW SECURITIZATION CORP DE X 06/16/03 BEAR STEARNS ASSET BACKED FUND INC WH DE X X 06/15/03 BEAR STEARNS COMPANIES INC DE X X 06/18/03 BEST BUY CO INC MN X X 06/16/03 BIOGENTECH CORP NV X 06/19/03 BMW VEHICLE LEASE TRUST 2000-A X 06/25/03 BMW VEHICLE OWNER TRUST 2001-A DE X 06/25/03 BMW VEHICLE OWNER TRUST 2002-A X 06/25/03 BMW VEHICLE OWNER TRUST 2003-A X 06/25/03 BRANDYWINE REALTY TRUST MD X X 06/19/03 CANTERBURY CONSULTING GROUP INC PA X 06/25/03 CAP ROCK ENERGY CORP X 06/25/03 CAPITAL AUTOMOTIVE REIT MD X X 06/25/03 CARAUSTAR INDUSTRIES INC NC X X 06/25/03 CARNIVAL CORP DE X X X 06/25/03 CARNIVAL PLC X X X 06/25/03 CATERPILLAR FINANCIAL FUNDING CORP NV X 05/31/03 CDF FINANCING LLC DE X X 05/31/03 CDF FLOORPLAN RECEIVABLES LP DE X X 05/31/03 CH ENERGY GROUP INC NY X 06/25/03 CHESAPEAKE ENERGY CORP OK X X 06/24/03 CHUBB CORP NJ X 06/18/03 CIRMAKER TECHNOLOGY CORP NV X X 03/24/03 CIT EQUIPMENT COLLATERAL 2003-VT1 DE X X 06/12/03 CNH CAPITAL RECEIVABLES INC DE X X 06/16/03 CNH RECEIVABLES INC DE X X 06/16/03 COMMUNITY VALLEY BANCORP CA X X 06/23/03 CONSOLIDATED FREIGHTWAYS CORP DE X 06/25/03 COOPER COMPANIES INC DE X X 06/25/03 COOPERATIVE COMPUTING INC /DE/ DE X X 06/24/03 CORIXA CORP DE X X 06/23/03 COVENANT FINANCIAL CORP DE X X X X X 06/20/03 CREDIT SUISSE FIRST BOSTON MORTGAGE S DE X 06/25/03 CSFB MORTGAGE SEC CORP COMM MORT PASS DE X X 06/25/03 CSK AUTO CORP DE X X 06/25/03 CWABS INC DE X X X 06/25/03 DEERE & CO DE X 06/25/03 DEERE JOHN CAPITAL CORP DE X 06/25/03 DEL GLOBAL TECHNOLOGIES CORP NY X 05/03/03 DIGITAL COURIER TECHNOLOGIES INC DE X X 06/20/03 DIMON INC VA X 06/23/03 DIMON INC VA X 06/24/03 DIVIDEND CAPITAL TRUST INC MD X X 06/10/03 DOMINOS INC DE X X 06/25/03 ELECTRONIC DATA SYSTEMS CORP /DE/ DE X X 06/25/03 ELIZABETH ARDEN INC FL X 06/25/03 ELSINORE CORP NV X 06/25/03 ENVIRONMENTAL POWER CORP DE X X 06/24/03 EXABYTE CORP /DE/ DE X 06/23/03 EXPLORATION CO OF DELAWARE INC DE X 06/24/03 FAMILY DOLLAR STORES INC DE X 06/25/03 FASTNET CORP PA X X 06/20/03 FEDDERS CORP /DE DE X X 06/25/03 FGI GROUP INC DE X X 06/24/03 FINANCIAL ASSET SECURITIES CORP DE X X 06/25/03 FIRST HORIZON ASSET SECURITIES INC DE X X 06/25/03 FIRST KEYSTONE CORP PA X 06/25/03 FLORIDA PROGRESS CORP FL X 06/24/03 FOSSIL INC DE X 06/25/03 FPL GROUP INC FL X 06/24/03 FULLER H B CO MN X X 06/24/03 GALLAGHER ARTHUR J & CO DE X X 06/25/03 GAP INC DE X X 06/25/03 GENERAL MILLS INC DE X X 06/25/03 GLOBAL BUSINESS RESOURCES INC DE X 06/25/03 GLYCOGENESYS INC NV X X 06/25/03 GOLDMAN SACHS GROUP INC/ DE X X X 06/25/03 GREAT PLAINS ENERGY INC MO X X 06/23/03 GS AUTO LOAN TRUST 2003-1 X X 06/15/03 GS MORTGAGE SECURITIES CORP DE X 06/23/03 H&R BLOCK INC MO X 06/24/03 HA2003 INC IL X X 06/12/03 HALLIBURTON CO DE X 06/23/03 HALLIBURTON CO DE X 06/24/03 HARKEN ENERGY CORP DE X X 06/19/03 HARTMARX CORP/DE DE X 06/25/03 HAWAIIAN HOLDINGS INC DE X X 06/18/03 HCC INSURANCE HOLDINGS INC/DE/ DE X 06/24/03 HEIDRICK & STRUGGLES INTERNATIONAL IN DE X X 06/24/03 HERITAGE BANKSHARES INC /VA VA X X 06/25/03 HOUSEHOLD MORTGAGE FUNDING CORP III DE X X 06/25/03 HUBEI PHARMACEUTICAL GROUP LTD NV X 04/09/03 HUDSON VALLEY HOLDING CORP NY X X 06/25/03 ICOS CORP / DE DE X X 06/16/03 INVESTORS FINANCIAL SERVICES CORP DE X 06/25/03 JUPITERMEDIA CORP DE X X 06/24/03 KERR MCGEE CORP /DE DE X 06/25/03 KIMCO REALTY CORP MD X 06/24/03 KINGDOM VENTURES INC NV X 06/24/03 KROGER CO OH X X 06/24/03 AMEND LASALLE HOTEL PROPERTIES MD X 06/25/03 LASERSIGHT INC /DE DE X X 06/25/03 LONE STAR TECHNOLOGIES INC DE X X 06/24/03 LUCENT TECHNOLOGIES INC DE X 06/04/03 MACK CALI REALTY CORP MD X X 06/12/03 MACK CALI REALTY L P DE X X 06/12/03 MANUGISTICS GROUP INC DE X 06/25/03 MARKWEST ENERGY PARTNERS L P DE X X 06/24/03 MARTIN INDUSTRIES INC /DE/ DE X X 06/15/03 MATTHEWS INTERNATIONAL CORP PA X 06/25/03 MCSI INC MD X 06/19/03 MERITAGE HOSPITALITY GROUP INC /MI/ MI X X 06/24/03 MERRILL LYNCH DEPOSITOR INC DE X X 06/16/03 MERRILL LYNCH DEPOSITOR INC PREFERRED DE X X 06/16/03 MERRILL LYNCH DEPOSITOR PREFERREDPLUS DE X X 06/16/03 MIDCAROLINA FINANCIAL CORP NC X X 06/25/03 MILLER HERMAN INC MI X X 06/25/03 MORGAN STANLEY ABS CAPITAL I MORT PS- DE X X 05/29/03 MORO CORP DE X 06/06/03 AMEND MORTGAGE ASSET SEC TRANS MASTR PASS T DE X 06/25/03 MPW INDUSTRIAL SERVICES GROUP INC OH X X 06/20/03 NATIONSLINK FUNDING CORP 1999-LTL-1 C DE X 06/01/03 NAVISTAR FINANCIAL SECURITIES CORP DE X X 05/31/03 NCT FUNDING CO LLC DE X X 06/12/03 NEW CENTURY FINANCIAL CORP DE X 04/15/03 NORTHERN OSTRICH CORP NV X X 06/12/03 NTELOS INC VA X X 06/24/03 OMNOVA SOLUTIONS INC OH X X 06/24/03 ORPHAN MEDICAL INC MN X 06/10/03 AMEND PACKAGING CORP OF AMERICA X X 06/23/03 PLM EQUIPMENT GROWTH FUND III CA X X 06/23/03 POTLATCH CORP DE X 06/24/03 PRIME HOSPITALITY CORP DE X X 06/23/03 PROVIDENT BANKSHARES CORP MD X 06/25/03 REGENCY AFFILIATES INC DE X X 06/24/03 RENT WAY INC PA X 05/28/03 AMEND RENTRAK CORP OR X X X 06/17/03 RESIDENTIAL ACCREDIT LOANS INC DE X X 06/25/03 RESIDENTIAL ASSET MORT PROD INC GMACM DE X X 06/25/02 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X 06/25/03 RESIDENTIAL FUNDING MORTGAGE SECURITI DE X X 06/25/03 RF MICRO DEVICES INC NC X 06/25/03 RIVERVIEW BANCORP INC WA X X 06/25/03 ROBOTIC VISION SYSTEMS INC DE X 06/20/03 ROMACORP INC DE X X 06/23/03 ROUGE INDUSTRIES INC DE X X 06/21/03 SATELLITE ENTERPRISES CORP X 06/20/03 SCOTTS LIQUID GOLD INC CO X 06/22/03 SHIRE PHARMACEUTICALS GROUP PLC X X 06/25/03 SPECTRX INC DE X X 06/25/03 STATE STREET CORP MA X X 06/25/03 STATE STREET CORP MA X 06/24/03 AMEND STRUCTURED ASSET MORT INV INC MORT PA DE X X 06/19/03 STRUCTURED ASSET MORT INV INC MORT PS DE X 06/21/03 STRUCTURED PRODUCTS CORP DE X X 06/24/03 SUPERCONDUCTOR TECHNOLOGIES INC DE X 06/24/03 SUPERCONDUCTOR TECHNOLOGIES INC DE X 06/25/03 SUPERGEN INC DE X X 06/24/03 TEKELEC CA X 06/11/03 AMEND TELENETICS CORP CA X X 06/06/03 TRANSCEND SERVICES INC DE X X 06/25/03 UIL HOLDINGS CORP CT X 06/25/03 UNIROYAL TECHNOLOGY CORP DE X 04/27/03 US BANCORP \DE\ DE X X 06/25/03 USANA HEALTH SCIENCES INC UT X 06/24/03 VECTOR HOLDINGS CORP NV X X 06/24/03 VERITEC INC NV X X 02/13/02 AMEND VERSANT CORP CA X X 06/23/03 WACHOVIA COMMERCIAL MORT SEC INC PAS NC X X 06/15/03 WASHINGTON FEDERAL INC WA X 06/24/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 06/25/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 06/25/03 WEB VIEWS CORP NV X X 06/24/03 WELLS REAL ESTATE INVESTMENT TRUST IN MD X 06/25/03 WESTAR ENERGY INC /KS KS X X 06/25/03 WESTERN WIRELESS CORP WA X X 06/24/03 WILTEL COMMUNICATIONS GROUP INC NV X X 06/19/03 WIND RIVER SYSTEMS INC DE X X 06/24/03 WMS INDUSTRIES INC /DE/ DE X X 06/25/03 XEROX CORP NY X 06/25/03 XETA TECHNOLOGIES INC OK X X 06/24/03 XTRANA INC DE X X 06/23/03 YORK INTERNATIONAL CORP /DE/ DE X X 06/24/03 ZARLINK SEMICONDUCTOR INC X 06/25/03 ZENITH TECHNOLOGY INC NV X 06/20/03 ZOWCOM INC NV X X 06/25/03