| ------------------------------------------------------------------------------------------------------------------------------------------------------- |
| DOCUMENT: | CL | 4 |
| Arthur F. Bell, Jr. & Associates |
| DATE: | 2/16/93 | FR PAGE: | N/A | PAGES: | 8 |
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| DOCUMENT: | CL | 5 |
| Arthur Andersen |
| DATE: | 2/16/93 | FR PAGE: | N/A | PAGES: | 21 |
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| ------------------------------------------------------------------------------------------------------------------------------------------------------- |
| DOCUMENT: | CL | 6 |
| National Futures Association |
| DATE: | 4/6/93 | FR PAGE: | N/A | PAGES: | 3 |
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