NEXTEL COMMUNICATIONS INC
EX-10.1
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<P align="right" style="font-size: 10pt"><B>Exhibit&nbsp;10.1</B>



<P align="center" style="font-size: 10pt">NEXTEL COMMUNICATIONS, INC.<BR>
CASH COMPENSATION DEFERRAL PLAN



<P align="center" style="font-size: 10pt">TABLE OF CONTENTS


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>ARTICLE</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>PAGE</B></TD>
</TR>

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<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE I</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">INTRODUCTION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1.1 Name of Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1.2 Purposes of Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1.3 &#147;Top Hat&#148; Pension Benefit Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1.4 Funding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1.5 Effective Date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1.6 Administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE II</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">DEFINITIONS AND CONSTRUCTION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">2.1 Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">2.2 Number and Gender</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">2.3 Headings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE III</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">PARTICIPATION AND ELIGIBILITY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">3.1 Participation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">3.2 Commencement of Participation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">3.3 Cessation of Active Participation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE IV</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">DEFERRALS AND COMPANY CONTRIBUTIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">4.1 Deferrals by Participants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">4.2 Effective Date of Deferred Compensation Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">4.3 Modification or Revocation of Election by Participant</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">4.4 Company Contributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE V</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">VESTING, DEFERRAL PERIODS AND EARNINGS ELECTION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">5.1 Vesting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">5.2 Deferral Periods</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">5.3 Earnings Election</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE VI</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ACCOUNTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">6.1 Establishment of Bookkeeping Accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">6.2 Subaccounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">6.3 Hypothetical Nature of Accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

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<P align="left" style="font-size: 10pt">January&nbsp;1, 2005



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">TABLE OF CONTENTS


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="90%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>ARTICLE</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>PAGE</B></TD>
</TR>

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<!-- Begin Table Body -->

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE VII</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">PAYMENT OF ACCOUNT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.1 Timing of Distribution of Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.2 Adjustment for Investment Gains and Losses
Upon a Distribution</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.3 Form of Payment or Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.4 Small Accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.5 Designation of Beneficiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.6 Unclaimed Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.7 Hardship Withdrawals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">7.8 Other Withdrawals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE VIII</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ADMINISTRATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">8.1 Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">8.2 General Powers of Administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">8.3 Costs of Administration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">8.4 Indemnification of Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE IX</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD><DIV style="margin-left:00px; text-indent:-00px">DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">9.1 Claims</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">9.2 Claim Decision</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">9.3 Request for Review</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">9.4 Review of Decision</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">ARTICLE X</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:00px; text-indent:-00px">MISCELLANEOUS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.1 Not Contract of Employment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.2 Non-Assignability of Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.3 Withholding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.4 Amendment and Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.5 No Trust Created</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.6 Unsecured General Creditor Status of Employee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.7 Severability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.8 Governing Laws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.9 Binding Effect</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">10.10 Entire Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:00px; text-indent:-00px">EXHIBIT A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">A-1</TD>
    <TD>&nbsp;</TD>
</TR>

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<P align="left" style="font-size: 10pt">January&nbsp;1, 2005



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">ARTICLE I - INTRODUCTION



<P align="left" style="font-size: 10pt">1.1 Name of Plan.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nextel Communications, Inc. (&#147;Nextel&#148; or the &#147;Company&#148;) hereby
establishes, , as of December&nbsp;15, 1997, the Nextel Communications, Inc. Cash
Compensation Deferral Plan (the &#147;Plan&#148;). The Plan is hereby amended, effective
as of January&nbsp;1, 2005, with respect to all Post-2005 Subaccounts, as herein
defined, in order to reflect the requirements of Code Section&nbsp;409A, the
American Jobs Creation Act of 2004, and any regulations issued thereunder.


<P align="left" style="font-size: 10pt">1.2 Purposes of Plan.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purposes of the Plan are to provide certain eligible employees and
directors of the Company and its Subsidiaries (as defined herein) the
opportunity to defer elements of their cash compensation which might not
otherwise be deferrable under other Company plans.


<P align="left" style="font-size: 10pt">1.3 &#147;Top Hat&#148; Pension Benefit Plan.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan is an &#147;employee pension benefit plan&#148; within the meaning of
ERISA. However, the Plan is unfunded and maintained for a select group of
management or highly compensated employees and certain select directors of the
Company and its Subsidiaries and, therefore, it is intended that the Plan will
be exempt from Parts 2, 3 and 4 of Title 1 of ERISA. The Plan is not intended
to qualify under Code Section&nbsp;401(a).


<P align="left" style="font-size: 10pt">1.4 Funding.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan is unfunded. All benefits will be paid from the general assets of the Company.


<P align="left" style="font-size: 10pt">1.5 Effective Date.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan is effective as of December&nbsp;15, 1997, but no cash compensation of
any Participant (as defined herein) may be deferred pursuant to this Plan prior
to January&nbsp;1, 1998.


<P align="left" style="font-size: 10pt">1.6 Administration.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan shall be administered by the Compensation Committee (as defined
herein), subject to the express understanding that the Compensation Committee
may in turn, pursuant to general rules or procedures adopted by the
Compensation Committee or as to actions by the Compensation Committee directed
at particular or limited circumstances, delegate administration and
administrative functions of or relating to the Plan in such manner and to such
groups, committees, individuals or entities as the Compensation Committee deems
appropriate.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At all times, the Plan shall be administered in a manner that is intended
to comply with all applicable laws including, without limitation, Code Section
409A, the American Jobs Creation Act of 2004, and any regulations issued
thereunder.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">ARTICLE II - DEFINITIONS AND CONSTRUCTION



<P align="left" style="font-size: 10pt">2.1 Definitions.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of the Plan, the following words and phrases shall have the
respective meanings set forth below, unless their context clearly requires a
different meaning:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&#147;Account&#148; means the bookkeeping account maintained by the Company on
behalf of each Participant pursuant to Article&nbsp;VI, consisting of one or more
subaccounts that is are credited with Base Salary Deferrals, Bonus Deferrals,
and Company Contributions made on behalf of each Participant pursuant to
Article&nbsp;IV, and the gains, losses and earnings on such amounts as determined in
accordance with Article&nbsp;V. As of any Valuation Date, a Participant&#146;s benefit
under the Plan shall be equal to the amount credited to his Account as of such
date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&#147;Base Salary&#148; means the base rate of cash compensation (which, in the
case of Participants who are Eligible Directors (as defined herein), shall
include annual directors&#146; fees or other similar amounts paid or payable in
cash) paid by the Company and/or by any Subsidiary to or for the benefit of a
Participant for services rendered or labor performed while a Participant,
including base pay a Participant could have received in cash in lieu of (i)
deferrals pursuant to Section&nbsp;4.1 and (ii)&nbsp;contributions made on a
Participant&#146;s behalf to any qualified or non-qualified plan maintained by the
Company and/or by any Subsidiary.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&#147;Base Salary Deferral&#148; means the amount of a Participant&#146;s Base Salary
which the Participant elects to have withheld on a pre-tax basis from his Base
Salary and credited to his Account pursuant to Section&nbsp;4.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&#147;Beneficiary&#148; means the person or persons designated by the
Participant in accordance with Section&nbsp;7.5.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&#147;Bonus Compensation&#148; means other eligible compensation as determined
by the Committee including, but not limited to, the amount in cash awarded to a
Participant under any bonus plan maintained by the Company and/or by any
Subsidiary, to the extent such amount awarded is paid or payable in cash.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&#147;Bonus Compensation Deferral&#148; means the amount of a Participant&#146;s
Bonus Compensation which the Participant elects to have withheld on a pre-tax
basis from his Bonus Compensation and credited to his Account pursuant to
Section&nbsp;4.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&#147;Change In Control&#148; means the following:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;With respect to a Participant&#146;s Pre-2005 Subaccounts, &#147;Change in
Control&#148; means the happening of any of the following events:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)&nbsp;An acquisition by an individual, entity or group (within the meaning
of Section&nbsp;13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the &#147;Exchange Act&#148;) (a &#147;Person&#148;) of beneficial ownership (within the
meaning of Rule&nbsp;13d-3 promulgated under the

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">Exchange Act) of 50% or more of either (1)&nbsp;the then outstanding shares of
common stock of the Company (the &#147;Outstanding Company Common Stock&#148;) or (2)&nbsp;the
combined voting power of the then outstanding voting securities of the Company
entitled to vote generally in the election of directors (the &#147;Outstanding
Company Voting Securities&#148;); provided, however, that the following acquisitions
shall not constitute a Change In Control: (A)&nbsp;any acquisition directly from the
Company (excluding an acquisition by virtue of the exercise of a conversion
privilege), (B)&nbsp;any acquisition by the Company, (C)&nbsp;any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by the Company
or any of its controlled affiliated companies or (D)&nbsp;any acquisition of the
Company by any corporation pursuant to a reorganization, merger, consolidation,
if, following such reorganization, merger or consolidation, the conditions
described in clauses (1), (2)&nbsp;and (3)&nbsp;of subsection (III)&nbsp;of this Section
2.1(g)(i) are satisfied; or



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II)&nbsp;Individuals who, as of the date hereof, constitute the Board (the
&#147;Incumbent Board&#148;) cease for any reason to constitute at least a majority of
the Board; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the
Company&#146;s shareholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though
such individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of either an actual or threatened election contest (as such terms are
used in Rule&nbsp;14a-11 of Regulation&nbsp;14A promulgated under the Exchange Act) or
other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Approval by the shareholders of the Company of a reorganization,
merger or consolidation, in each case, unless, following such reorganization,
merger of consolidation, (1)&nbsp;all or substantially all of the individuals and
entities who were beneficial owners, respectively, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities immediately prior to
such reorganization, merger or consolidation beneficially own, directly or
indirectly, more than 50% of, respectively, the then outstanding shares of
common stock or the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors, as the case
may be, of the corporation resulting from such reorganization, merger or
consolidation<U>,</U> (2)&nbsp;no Person (excluding the Company and any employee
benefit plan (or related trust) sponsored by the Company or any of its
controlled affiliated companies or by the corporation resulting from such
reorganization, merger or consolidation) who is a holder of voting common stock
or other voting securities entitled to vote generally in the election of
directors of the Company or of the corporation resulting from such
reorganization, merger or consolidation shall, either alone or as part of a
&#147;group&#148; (as such term is used for purposes of Section&nbsp;13(d)(3) of the Exchange
Act) beneficially own, directly or indirectly, 50% or more of, respectively,
the then outstanding shares of common stock of the corporation resulting from
such reorganization, merger or consolidation or the combined voting power of
the then outstanding voting securities of such corporation<U>,</U> and (3)&nbsp;at
least a majority of the members of the board of directors of the corporation
resulting from such reorganization, merger or consolidation were members of the
Incumbent Board at the time of the execution of the initial agreement providing
for such reorganization, merger of consolidation;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV)&nbsp;The approval by the shareholders of the Company of (1)&nbsp;a complete
liquidation or dissolution of the Company or (2)&nbsp;the sale or other disposition
of all or substantially all of the assets of the Company; excluding, however,
such a sale or other disposition to a corporation, with respect to which
following such sale or other disposition, (A)&nbsp;more than 50% of, respectively,
the outstanding shares of common stock of such corporation and the combined
voting power of the outstanding voting securities of such corporation entitled
to vote generally in the election of directors will be beneficially owned,
directly or indirectly, by all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately
prior to such sale or other disposition in substantially the same proportions
as their ownership, immediately prior to such sale or other disposition, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities, as
the case may be, (B)&nbsp;no Person (other than the Company and any employee benefit
plan (or related trust) sponsored by the Company or such corporation), or any
Person beneficially owning, immediately prior to such sale or other
disposition, 20% or more of the Outstanding Company Common Stock or Outstanding
Company Voting Securities, as the case may be) then beneficially owns, directly
or indirectly, 20% or more of, respectively, the then outstanding shares of
common stock of such corporation and the combined voting power of the then

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">outstanding voting securities of such corporation entitled to vote generally in
the election of directors and (C)&nbsp;individuals who were members of the Incumbent
Board will constitute at least a majority of the members of the board of
directors of such corporation.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;With respect to a Participant&#146;s Post-2005 Subaccounts, &#147;Change in
Control&#148; shall mean a change in the ownership or effective control of the
Company, or in the ownership of a substantial portion of the assets of the
Company, as defined in Code Section&nbsp;409A and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) &#147;Code&#148; means the Internal Revenue Code of 1986, as amended.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&#147;Committee&#148; means the Compensation Committee and also shall mean or
include, to the extent relevant, any group, committee, individual or entity
that the Compensation Committee may appoint or constitute from time to time, as
contemplated in Section&nbsp;1.6, to administer the Plan in accordance with Article
VIII.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&#147;Company&#148; means Nextel Communications, Inc and any successor thereto
including, without limitation, the surviving corporation resulting from any
merger or consolidation of Nextel Communications, Inc with any other
corporation or corporations.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&#147;A Company Contribution&#148; means a discretionary cash amount which may
be contributed to a Participant&#146;s Account on a pre-tax basis under Section&nbsp;4.1
for such business purposes and objectives as the Company shall deem
appropriate. The Company shall not be obligated to make any &#147;Company
Contribution&#148; to any Participant or Participants, unless such obligation is
evidenced in a writing (separate from this Plan document) and signed by an
authorized officer on behalf of the Company. Subject to the foregoing, a
Company Contribution may be made to any eligible individual Participant or
group of Participants based upon any set of conditions or requirements as the
Company shall deem appropriate.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&#147;Compensation Committee&#148; means the Compensation Committee of the
Directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&#147;Deferral Period&#148; means the period of time for which a Participant
elects to defer receipt of the Base Salary Deferral, Bonus Compensation
Deferral, and Company Contributions (if any) credited to such Participant&#146;s
Account and shall be either (a)&nbsp;the period ending on the Separation From
Service Date, or (b)&nbsp;the period of years ending immediately prior to the first
day of a Specific Future Year as specified in Section&nbsp;5.2. Deferral Periods
shall be measured on the basis of Plan Years, beginning with the Plan Year that
commences immediately following the Plan Year for which the applicable Base
Salary Deferrals, Bonus Compensation Deferrals, and/or Company Contributions
(if any) are credited to the Participant&#146;s Account.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&#147;Deferred Compensation Agreement&#148; means the written agreement
(regardless of how it may be titled) as prescribed by the Committee and signed
by a Participant pursuant to which the Participant elects the amount of his
Base Salary and/or his Bonus Compensation to be deferred into his Account under
the Plan, and the form of payment for such amounts, the Deferral Period and the
deemed investment(s). The terms and elections made by a Participant in any
Deferred Compensation Agreement entered into for Plan Years beginning on or
after January&nbsp;1, 2005, with respect to which a Participant&#146;s Post-2005
Subaccounts are established, shall be irrevocable and shall not be changed,
except to the extent otherwise permitted by this Plan or by Code Section&nbsp;409A
and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) &#147;Directors&#148; means the Board of Directors of the Company.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) &#147;Effective Date&#148; means December&nbsp;15, 1997.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;&#147;Eligible Director&#148; shall mean each person serving as a director of
the Company who is a &#147;Nonaffiliate Director&#148; (as such term is defined in the
Company&#146;s Incentive Equity Plan (as defined herein)), and also shall mean each
person serving as a director of any Subsidiary of the Company who meets the
criteria for a &#147;Nonaffiliate Director&#148; (as so defined). Unless otherwise
determined by the

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">Committee, an Eligible Director shall continue as such until the earlier of (i)
the date on which such person fails to meet the criteria for a &#147;Nonaffiliate
Director&#148; (as so defined) and (ii)&nbsp;the date on which such person ceases to
serve as a director of the Company and any of its Subsidiaries.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;&#147;Eligible Employee&#148; shall mean an Employee of the Company (or of a
Subsidiary) who is a resident of the United States, and occupies a position
with the Company or such Subsidiary that has a fixed annual base rate of cash
compensation of at least $100,000. Unless otherwise determined by the
Committee, an Eligible Employee shall continue as such so long as he meets the
above residency and base compensation rate criteria, but shall be entitled to
defer Base Salary and Bonus Compensation otherwise payable to him only, until
termination of employment with the Company and any of its Subsidiaries.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;&#147;Employee&#148; means any individual who is employed by the Company or any
of its Subsidiaries, and classified as an employee by the Company or any of its
Subsidiaries, excluding any leased employee (within the meaning of Section
414(n) of the Code), or any common-law employee or independent contractor,
regardless of whether a court or administrative agency determines that such
person is a common-law employee of the Company or any of its Subsidiaries.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;&#147;ERISA&#148; means the Employee Retirement Income Security Act of 1974, as
amended.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;&#147;Incentive Equity Plan&#148; shall mean the Company&#146;s Amended and Restated
Incentive Equity Plan, as amended and in effect from time to time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&#147;Insolvent&#148; shall mean that the Company has become subject to a
pending voluntary or involuntary proceeding under the United States Bankruptcy
Code (and, if such proceeding is involuntary and is contested by the Company,
such proceeding has not been dismissed within 90&nbsp;days of the filing thereof) or
has become unable to pay its debts as they mature.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;&#147;Participant&#148; means (a)&nbsp;each Employee who is an Eligible Employee and
(b)&nbsp;each Eligible Director, (and in either case only if such Eligible Employee
or Eligible Director, as the case may be, has been selected by the Committee
for participation in the Plan) who has become and remains a Participant in the
Plan pursuant to Article&nbsp;III.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&#147;Plan&#148; means the Nextel Communications, Inc. Cash Compensation
Deferral Plan as amended and in effect from time to time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;&#147;Plan Year&#148; means the twelve-consecutive month period commencing
January 1 and ending December&nbsp;31 of each year.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;&#147;Public Note Indenture&#148; means that certain Indenture dated as of July
31, 2003 between the Company and BNY Midwest Trust Company, as Trustee, as
amended and in effect from time to time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)&nbsp;&#147;Retirement Age&#148; means, only with respect to the Pre-2005 Subaccounts
of any Eligible Director, the latest to occur of (a)&nbsp;his sixty-fifth birthday,
(b)&nbsp;the date on which he ceases to be an Eligible Director or (c)&nbsp;such other
date as is specified by the Eligible Director as his Retirement Age in the
relevant Deferred Compensation Agreement(s).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb)&nbsp;&#147;Retirement Date&#148; means, only with respect to a Participant&#146;s
Pre-2005 Subaccounts, the date the Participant is eligible for and retires
under any qualified retirement plan maintained by the Company or, in the case
of any Eligible Director, such Participant&#146;s Retirement Age.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc)&nbsp;&#147;A Specific Future Year&#148; means a calendar year in the future
voluntarily elected by a Participant to begin distribution of Base Salary
Deferrals, Bonus Compensation Deferrals, and Company Contributions (if any),
limited only by the minimum and maximum Deferral Periods.

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

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</DIV>

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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd)&nbsp;&#147;Specified Alternatives&#148; shall mean each of the hypothetical
investment vehicles authorized and approved from time to time by the Committee
to which Base Salary Deferrals and/or Bonus Compensation Deferrals and/or
Company Contributions (if any) credited to a Participant&#146;s Account or deferred
by a Participant may be allocated pursuant to an effective Deferred
Compensation Agreement submitted by such Participant. The Specified
Alternatives are those identified and described in summary form on Exhibit&nbsp;A
attached hereto., as the same may be modified from time to time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee)&nbsp;&#147;Subsidiary&#148; shall mean any corporation, joint venture, partnership,
unincorporated association or other entity (i)&nbsp;in which the Company has a
direct or indirect ownership or other equity interest and directly or
indirectly owns or controls more than 50&nbsp;percent of the total combined voting
or other decision-making power and (ii)&nbsp;is a &#147;Restricted Subsidiary&#148; (as such
term is defined in the Public Note Indenture), unless, in either or both such
cases, the Compensation Committee or the Directors determine, in their sole and
absolute discretion, to waive such criteria.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff)&nbsp;&#147;Valuation Date&#148; means each business day of each calendar month.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gg)&nbsp;&#147;Pre-2005 Subaccounts&#148; means one or more bookkeeping subaccounts
established for each Participant with respect to Base Salary Deferral
elections, Bonus Compensation Deferral elections, Company Contributions (if
any), made by or on behalf of the Participant with respect to Plan Years
beginning prior to January&nbsp;1, 2005 (as adjusted for hypothetical earnings or
losses thereon, as provided in Articles V and VI).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hh)&nbsp;&#147;Post-2005 Subaccounts&#148; means one or more bookkeeping subaccounts
established for each Participant with respect to Base Salary Deferral
elections, Bonus Compensation Deferral elections, and Company Contributions (if
any) made by or on behalf of the Participant with respect to Plan Years
beginning on or after January&nbsp;1, 2005 (as adjusted for hypothetical earning or
losses thereon, as provided in Articles V and VI).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&#147;Separation From Service&#148; means a Participant&#146;s voluntary or
involuntary separation from service) with the Company for any reason (including
retirement), other than death or disability, as such separation from service
may be defined under Code Section&nbsp;409A and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jj)&nbsp;&#147;Separation From Service Date&#148; means (A)&nbsp;with respect to a
Participant&#146;s Pre-2005 Subaccounts, the earlier of a Participant&#146;s Retirement
Date or the date on which a Participant terminates employment, and (B)&nbsp;with
respect to a Participant&#146;s Post-2005 Subaccounts, the date on which the
Participant experiences a Separation From Service with the Company.


<P align="left" style="font-size: 10pt">2.2 Number and Gender.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wherever appropriate herein, words used in the singular shall be
considered to include the plural and words used in the plural shall be
considered to include the singular. The masculine gender, where appearing in
the Plan, shall be deemed to include the feminine gender.


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">2.3 Headings.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The headings of Articles and Sections herein are included solely for
convenience, and if there is any conflict between such headings and the text of
the Plan, the text shall control.


<P align="center" style="font-size: 10pt">ARTICLE III - PARTICIPATION AND ELIGIBILITY



<P align="left" style="font-size: 10pt">3.1 Participation.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants in the Plan are those Eligible Employees or Eligible
Directors who are selected by the Committee, in its sole and absolute
discretion, as Participants. The Committee shall notify each Participant of his
selection as a Participant. Subject to the provisions of Section&nbsp;3.3, a
Participant shall remain eligible to continue participation in the Plan for
each Plan Year following his initial year of participation in the Plan,
provided that if such Participant would not be an Eligible Employee or an
Eligible Director, as the case may be, with respect to such succeeding Plan
Year, then such Participant shall remain eligible only to continue the deferral
of prior Base Salary Deferrals, Bonus Compensation Deferrals and/or Company
Contributions deferred pursuant to such Participant&#146;s prior Deferred
Compensation Agreement for periods in which such Participant was an Eligible
Employee or an Eligible Director, as the case may be, as and to the extent
permitted under the Plan (and, effective for all Plan Years beginning on or
after January&nbsp;1, 2005, as and to the extent permitted under Code Section&nbsp;409A
and the regulations issued thereunder), but shall not be eligible (unless the
Committee otherwise determines), to make or have made Base Salary Deferrals,
Bonus Compensation Deferrals and/or Company Contributions into the Plan for
such Plan Year.


<P align="left" style="font-size: 10pt">3.2 Commencement of Participation.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Eligible Employee or Eligible Director, as the case may be, shall
become a Participant effective as of the date the Committee determines, which
date shall be on or after the date his initial Deferred Compensation Agreement
becomes effective.


<P align="left" style="font-size: 10pt">3.3 Cessation of Active Participation.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provision herein to the contrary, no Participant shall
have any right or entitlement to continue as a Participant in the Plan except
as, to the extent and for the purposes specifically provided in this Plan or
determined from time to time by the Committee in the administration of this.
Plan. Subject to any limitations that might be imposed under Code Section&nbsp;409A
and the regulations issued thereunder with respect to Plan Years beginning on
or after January&nbsp;1, 2005 and a Participant&#146;s Post-2005 Subaccounts, the
Committee shall be specifically empowered to terminate the Participant status
of any Eligible Employee(s) and/or Eligible Director(s) if the Committee
determines, in its sole and absolute discretion, that such termination is
necessary, appropriate or desirable, including without limitation any such
termination premised on the Committee&#146;s determination or belief that
continuation of such Participant status is, would or might be contrary to or
inconsistent with the terms of the Plan or of applicable law, or that such
continuation does, could or might jeopardize the Plan&#146;s classification as a
&#147;Top Hat&#148; pension benefit plan or does, could or might endanger the benefits
available under or through the Plan to other Participants. Accordingly, an
individual who has become a Participant in the Plan shall cease to be a
Participant hereunder effective as of any date designated by the Committee. In
connection with any such Committee action, the Committee may require that all
2005 Subaccounts of any Participant whose status as an Eligible Employee or an
Eligible Director is so terminated be distributed in a lump sum to such former
Participant. Any such Committee action shall be communicated to such
Participant prior to the effective date of such action. Notwithstanding the
foregoing, the Committee shall not require that any distributions be made of
Post-2005 Subaccounts, except to the extent that such distributions may be
permitted by Code Section&nbsp;409A and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">ARTICLE IV - DEFERRALS &#038; COMPANY CONTRIBUTIONS



<P align="left" style="font-size: 10pt">4.1 Deferrals by Participants.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Effective with respect to Pre-2005 Subaccounts, the following rules
shall apply: Before the first day of each Plan Year (or within 31&nbsp;days of the
commencement of service for an Eligible Employee or Eligible Director, as the
case may be, whose eligibility to participate in the Plan commences other than
on the first day of a Plan Year), or on or before such other date(s) in any
Plan Year that the Committee may, in its sole discretion, establish or
designate for such purpose, a Participant may file with the Committee a
Deferred Compensation Agreement pursuant to which such Participant elects to
make Base Salary Deferrals and/or Bonus Compensation Deferrals for or with
respect to such Plan Year, provided that elections to make Bonus Compensation
Deferrals for Bonus Compensation payable in 1998 may be made on or prior to
December&nbsp;31, 1997.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Effective with respect to Post-2005 Subaccounts, the following rules
shall apply: Before the first day of each Plan Year, a Participant may file
with the Committee a Deferred Compensation Agreement pursuant to which such
Participant elects to make Base Salary Deferrals and/or Bonus Compensation
Deferrals with respect to services that will be performed during the subsequent
Plan Year.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Any such Participant election shall be subject to any maximum or
minimum percentage or dollar amount limitations (which, as of the Effective
Date, shall include a maximum Base Salary Deferral limit of 90% of a
Participant&#146;s Base Salary and a minimum aggregate annual deferral limitation of
$1,000, which limitations may be changed by the Committee in its sole
discretion), and to any other rules prescribed by the Committee in its sole
discretion.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Base Salary Deferrals will be credited to the Account of each
Participant as of the business day of each calendar month on which the
Participant would have received the cash, provided that such Participant is an
Eligible Employee or Eligible Director, as the case may be, on the last day of
such calendar month. Effective with respect to Pre-2005 Subaccounts (and, to
the extent permitted by Code Section&nbsp;409A and the regulations issued
thereunder, with respect to Post-2005 Subaccounts), a Participant whose
employment or Eligible Director status, as the case may be, terminates during
the calendar month shall be paid the amount of his Base Salary Deferrals for
such month in cash.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Bonus Compensation Deferrals will be credited to the Account of each
Participant as of the business day of the month on which such Bonus
Compensation otherwise would have been paid to the Participant in cash,
provided that the Participant is an Eligible Employee or Eligible Director, as
the case may be, on the last day of such month. Effective with respect to
Pre-2005 Subaccounts (and, to the extent permitted by Code Section&nbsp;409A and the
regulations issued thereunder, with respect to Post-2005 Subaccounts), a
Participant whose employment terminates before the last day in the calendar
month in which his Bonus Compensation would have been paid to him in cash will
be paid his Bonus Deferral in cash.


<P align="left" style="font-size: 10pt">4.2 Effective Date of Deferred Compensation Agreement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant&#146;s initial Deferred Compensation Agreement shall be effective
as of the first regular Company payroll period (or, in the case of Eligible
Directors, for the first regular payment date for Base Salary paid to such
Eligible Director) beginning after the date the Participant commences
participation in the Plan. Each subsequent Deferred Compensation Agreement
shall become effective on the first day of the Plan Year to which it relates. A
Deferred Compensation Agreement that is timely delivered shall be effective for
the relevant Plan Year (or remaining portion thereof).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise specified by an Eligible Employee or an Eligible
Director, as the case may be, in his Deferred Compensation Agreement, such
Participant&#146;s Deferred Compensation Agreement shall continue to be effective
for each subsequent Plan Year, but only with respect to Plan Years beginning


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">before January&nbsp;1, 2005 and with respect to the Participant&#146;s Pre-2005
Subaccounts, until revoked or modified by written notice to and, if relevant,
approval by the Committee as provided in Section&nbsp;4.3 or until terminated
automatically upon either the termination of the Plan, the termination of such
Participant&#146;s participation in the Plan in any capacity, or the Company
becoming Insolvent.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective with respect to all Plan Years beginning on or after January&nbsp;1,
2005 and with respect to the Participant&#146;s Post-2005 Subaccounts, a Participant
must complete a new Deferred Compensation Agreement prior to the beginning of
each Plan Year, and no elections described therein shall continue to be
effective for any subsequent Plan Year, except to the extent as may be
permitted by Code Section&nbsp;409A and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">4.3 Modification or Revocation of Election by Participant.



<P align="left" style="font-size: 10pt">Except as otherwise provided in this Section&nbsp;4.3, a Participant may not change
the amount of his Base Salary or Bonus Compensation Deferrals during a Plan
Year.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective only with respect to Plan Years beginning before January&nbsp;1, 2005
and with respect to the Participant&#146;s Pre-2005 Subaccounts, a Participant may
discontinue a Base Salary Deferral election at any time by filing, on such
forms and subject to such limitations and restrictions as the Committee may
prescribe in its discretion, a revised Deferred Compensation Agreement with the
Committee. If approved by the Committee, revocation shall take effect as of and
for the first payroll period next following its approval. If a Participant
discontinues a Base Salary Deferral election during a Plan Year, he will not be
permitted to elect to make Base Salary Deferrals again until the next Plan
Year. A Participant may only discontinue or reduce a Bonus Compensation
Deferral election by a showing of a severe financial hardship in accordance
with Section&nbsp;7.7.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective with respect to Plan Years beginning on or after January&nbsp;1, 2005
and with respect to the Participant&#146;s Post-2005 Subaccounts, a Participant may
not discontinue a Base Salary Deferral election, or discontinue or reduce a
Bonus Compensation Deferral election, except to the extent as may be permitted
under Code Section&nbsp;409A and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under no circumstances may a Participant&#146;s Deferred Compensation Agreement
be made, modified or revoked retroactively.


<P align="left" style="font-size: 10pt">4.4 Company Contributions.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section&nbsp;2.1(k), each Participant shall be eligible to receive a
Company Contribution. Company Contributions may be in any amount and subject to
such conditions, limitation or qualifications, and determined in any manner the
Company shall deem appropriate in its sole and absolute discretion. Company
Contributions will be credited to the Participant&#146;s Account as of the business
day of a calendar month selected by the Company. Company Contributions may be
made for, but are not limited to, any of the following reasons:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;funding for the loss of Company contributions and related earnings on
those contributions that a Participant may incur as a consequence of legislated
eligible compensation or contributions limitations imposed on the Company
401(k) Plan;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;funding for the loss of any Company qualified plan contributions and
related earnings on those contributions that a Participant may incur as a
result of transferring to another business unit within the Company<U>&#145;</U>s
family of companies, including Subsidiaries and joint venture operations; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;any other purpose which the Company, in its sole and absolute
discretion, shall deem appropriate.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant shall be notified as soon as reasonably practical after the
end of a calendar quarter of any Company Contribution made on his behalf during
the quarter under this Section.

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">ARTICLE V - VESTING, DEFERRAL PERIODS<BR>
AND EARNINGS ELECTION



<P align="left" style="font-size: 10pt">5.1 Vesting.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant shall be 100% vested in that portion of his Account due to
Base Salary Deferrals and/or Bonus Compensation Deferrals, including any gains,
losses or earnings thereon, at all times. A Participant shall be 100% vested in
that portion of his Account consisting of Company Contributions, including any
gains, losses or earnings thereon, on the first day of the Plan Year next
following the fifth calendar anniversary of the date the Company Contribution
was credited to his Account. A Participant shall be deemed proportionately
vested in that portion of his Account consisting of Company Contributions,
including any gains, losses or earnings thereon, on the date such Participant
ceases to be an Employee (i)&nbsp;after a Change In Control has occurred or (ii)
upon the occurrence of his Retirement Date (with respect to Pre-2005 Accounts
only) or (iii)&nbsp;by reason of his Separation From Service with the Company other
than for cause. In the event of death or disability, a Participant shall be
100% vested in his entire Account.


<P align="left" style="font-size: 10pt">5.2 Deferral Periods.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Deferral Period shall, at the Participant=&#146;s election, be until (i)&nbsp;his
Separation From Service Date, or (ii)&nbsp;a Specific Future Year. In the case of an
election to defer until a Specific Future Year, the Deferral Period must be for
any period of at least five (5)&nbsp;years or more, but may not end later than the
year in which the Participant attains age 70. A Participant must specify on the
Deferred Compensation Agreement the Deferral Period for the Base Salary
Deferrals, Bonus Compensation Deferrals, and Company Contributions (if any) to
be made to the Plan for the Plan Year (or the remaining portion thereof for a
Participant who enters the Plan other than on the first day of a Plan Year) to
which the Deferred Compensation Agreement relates, subject to certain rules as
determined by the Committee from time to time. In the event a Participant does
not elect a Deferral Period for any such Base Salary Deferrals, Bonus
Compensation Deferrals, and Company Contributions (if any) for a Plan Year,
such Participant shall be deemed to have elected a Deferral Period that ends
on such Participant&#146;s Separation From Service Date.


<P align="left" style="font-size: 10pt">5.3 Earnings Election.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant&#146;s Account shall be credited with gains, losses and earnings
based on hypothetical investment directions made by the Participant, in
accordance with investment deferral crediting options (including the Specified
Alternatives) and procedures adopted by the Committee from time to time. A
Participant may change such hypothetical investment directions pursuant to such
procedures which shall, unless otherwise permitted by the Committee, limit the
number of such changes to one (1)&nbsp;in each calendar month. The Company
specifically retains the right in its sole discretion to change the investment
deferral crediting options (including the Specified Alternatives) and
procedures. By electing to defer any amount pursuant to the Plan, each
Participant shall thereby acknowledge and agree that the Company is not and
shall not be required to make any investment in connection with the Plan, nor
is it required to follow the Participant<U>&#145;</U>s hypothetical investment
directions in any actual investment it may make or acquire in connection with
the Plan or in determining the amount of any actual or contingent liability or
obligation of the Company thereunder or relating thereto. Any amounts credited
to a Participant&#146;s Account with respect to which a Participant does not provide
investment direction shall be credited with earnings in an amount determined by
the Committee in its sole discretion or, if an amount is not so determined,
such amounts shall bear interest at the rate applicable to U.S. Treasury Bills
having a maturity of thirty (30)&nbsp;days as in effect from time to time during the
relevant period. A Participant&#146;s Account shall be adjusted as of each Valuation
Date to reflect investment gains, losses and earnings. Company Contributions
(if any) shall be deemed invested in the same manner as the relevant
Participant&#146;s Base Salary Deferral hypothetical investment elections in his
Deferred Compensation Agreement for the Plan Year. If there is no Base Salary
Deferral election, Company Contributions (if any) shall be deemed invested in
the same manner as the relevant Participant&#146;s Bonus Compensation Deferral
hypothetical investment elections; and if none, then
shall be credited with earnings in an amount determined by the Committee in its
sole discretion or, if an


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">amount is not so determined, such amounts shall bear
interest at the rate applicable to U.S. Treasury Bills having a maturity of
thirty (30)&nbsp;days as in effect from time to time during the relevant period.



<P align="center" style="font-size: 10pt">ARTICLE VI - ACCOUNTS



<P align="left" style="font-size: 10pt">6.1 Establishment of Bookkeeping Accounts.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A separate bookkeeping Account shall be maintained for each Participant.
Such Account shall be credited with the Base Salary Deferrals and Bonus
Compensation Deferrals made by the Participant pursuant to Section&nbsp;4.1, and
Company Contributions (if any) made pursuant to Section&nbsp;4.4 and credited (or
charged, as the case may be) with the hypothetical investment results
determined pursuant to Section&nbsp;5.3.


<P align="left" style="font-size: 10pt">6.2 Subaccounts.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within each Participant&#146;s bookkeeping Account, separate subaccounts shall
be maintained to the extent the Committee determines it to be necessary or
desirable for the administration of the Plan. For example, it may be necessary
or desirable to maintain separate subaccounts where the Participant has
specified different Deferral Periods, methods of payment or hypothetical
investment directions with respect to his Base Salary Deferrals, Bonus
Compensation Deferrals, and Company Contributions (if any) for different Plan
Years., including Pre-2005 Subaccounts and Post-2005 Subaccounts.


<P align="left" style="font-size: 10pt">6.3 Hypothetical Nature of Accounts.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Account established under this Article&nbsp;VI shall be hypothetical in
nature and shall be maintained for bookkeeping purposes only so that earnings
and losses relating to the hypothetical investment of the Base Salary
Deferrals, Bonus Compensation Deferrals and Company Contributions (if any) made
pursuant to the Plan can be credited (or charged, as the case may be). Neither
the Plan nor any of the Accounts (or subaccounts) established hereunder shall
hold any actual funds or assets. The right of any person to receive one or more
payments under the Plan shall be an unsecured claim against the general assets
of the Company and no Participant, former Participant or Beneficiary shall have
an interest in, or a lien or prior claim upon, any property of the Company by
reason of any rights of such party, or obligations owed to such party, under
this Plan. Any liability of the Company to any Participant, former Participant,
or Beneficiary with respect to a right to payment shall be based solely upon
contractual obligations created by the Plan and no Subsidiary of the Company
shall have any obligations or liability to any such person, nor shall any such
person have any claim whatsoever against any Subsidiary, by reason of any
Account of such person or amount or obligation owed to such person under this
Plan. Neither the Company, any Subsidiary, the Directors, the Committee nor any
other person shall be deemed to be a trustee of any amounts to be paid under
the Plan. Nothing contained in the Plan, and no action taken pursuant to its
provisions,<U>.</U> shall create or be construed to create a trust of any kind,
or a fiduciary relationship, between the Company or any of its Subsidiaries and
a Participant or any other person.

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">ARTICLE VII - PAYMENT OF ACCOUNT



<P align="left" style="font-size: 10pt">7.1 Timing of Distribution of Benefits.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distribution of Base Salary Deferrals, Bonus Compensation Deferrals and
Company Contributions to a Participant shall be made as soon as practicable
following the date the Deferral Period for such amounts ends.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Effective only with respect to Pre-2005 Subaccounts, if a Participant
ceases to be an Employee at a time other than his Retirement Date (for reasons
other than such Participant&#146;s death or disability), then such Participant&#146;s
entire Pre-2005 Subaccount balance shall be distributed to him in a lump sum as
soon as administratively practical following the date on which the relevant
event occurs, but no later than 60&nbsp;days following such date unless (i)&nbsp;the
Participant makes a written request to the Committee in the calendar year prior
to the calendar year in which such date occurs for an extended distribution
period not to exceed five calendar years; provided, that the Committee, in its
sole discretion, may grant or refuse such a request or (ii)&nbsp;the Committee, in
its sole discretion, elects to defer such distribution and/or make such
distribution in annual installments, in either case resulting in payment of
such Participant&#146;s entire Pre-2005 Subaccount balance within five years of such
date; provided that the Committee shall not make or continue such election
after a Change In Control. Notwithstanding the foregoing, upon the earlier to
occur of (i)&nbsp;the Participant&#146;s death, or (ii)&nbsp;the Participant&#146;s permanent
disability (as defined for purposes of the Company&#146;s long-term disability
program), the Participant&#146;s entire Pre-2005 Subaccount balance shall be
distributed to him (or to his Beneficiary in the event of his death) in a lump
sum as soon as administratively practical following the date of such event, but
no later than 60&nbsp;days following such date, unless the Participant specifies a
different payment schedule with respect to such events in his then effective
Deferred Compensation Agreement. If the Participant has elected to receive such
distribution other than in a lump sum, such distribution may be accelerated,
including to lump sum, based upon a showing of severe financial hardship in
accordance with Section&nbsp;7.7 by the Participant or his Beneficiary.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Effective only with respect to Post-2005 Subaccounts, payment of such
Post-2005 Subaccounts shall commence, or shall be paid, as followed:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;In the event that the Participant has specified that benefits be
distributed in a Specific Future Year, such Post-2005 Subaccounts shall
commence, or shall be paid, as soon as practical after the date(s) as specified
in the Deferred Compensation Agreement(s) to which Subaccounts relate.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;In the event of the Participant&#146;s Separation From Service, such
Post-2005 Subaccounts shall commence, or shall be paid, as soon as practical
after the date(s) specified in the Deferred Compensation Agreement(s) to which
such Post-2005 Subaccounts relate.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;In the event of the Participant&#146;s death or disability, such
Post-2005 Subaccounts shall be paid as soon as practical, but no later than 60
days, after the date of the Participant&#146;s death or disability, as the case may
be. For these purposes, &#147;disability&#148; shall mean that the Participant (i)&nbsp;is
unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than
twelve (12)&nbsp;months, or (ii)&nbsp;is, by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can
be expected to last for a continuous period of not less than twelve (12)
months, receiving income replacement benefits for a period of not less than
three (3)&nbsp;months under the Company&#146;s accident and health plan covering
employees, or (iii)&nbsp;is disabled as otherwise defined by Code Section&nbsp;409A and
the regulations issued thereunder.


<P align="left" style="font-size: 10pt">Notwithstanding the foregoing, the form and timing of a distribution of a
Participant&#146;s Post-2005 Subaccounts may be changed from the elections the
Participant specified in his Deferred Compensation Agreements establishing such
Post-2005 Subaccounts, but only if the Participant files a written subsequent
election, provided that (i)&nbsp;the subsequent election does not take effect for at
least twelve (12)&nbsp;months after the date on which the subsequent election is
made; (ii)&nbsp;the subsequent election defers the payment for at


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">least five (5)&nbsp;years beyond when payment otherwise would have been made; (iii)
if the original Deferred Compensation Agreement reflected the Participant&#146;s
election to receive payments at a fixed time, the subsequent election must be
made at least twelve (12)&nbsp;months before the date that the first scheduled
payment was to begin; and (iv)&nbsp;all other requirements of Code Section&nbsp;409A and
the regulations issued thereunder with respect to distributions and subsequent
elections are satisfied.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Effective with respect to Post-2005 Subaccounts only, if a Participant
is a &#147;key employee&#148; of the Company (as determined under Code Section 416(i)
(without regard to paragraph (5)&nbsp;thereof) and the regulations issued
thereunder), then any distributions made with respect to such Post-2005
Subaccounts due to the Participant&#146;s Separation From Service shall not be made
until at least six (6)&nbsp;months have elapsed since such Participant&#146;s Separation
From Service Date (or, if earlier, the date of the Participant&#146;s death).


<P align="left" style="font-size: 10pt">7.2 Adjustment for Investment Gains and Losses Upon a Distribution.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon a distribution pursuant to this Article&nbsp;VII, the balance of a
Participant&#146;s Account shall be determined as of the Valuation Date immediately
preceding the date of the distribution to be made and shall be adjusted for
investment gains, losses and earnings which have accrued to the date of
distribution but which have not been credited to his Account.


<P align="left" style="font-size: 10pt">7.3 Form of Payment or Payments.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;With respect to Pre-2005 Accounts, the following rules shall apply:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;All Pre-2005 Accounts shall be distributed in accordance with the form
of payment elected by the Participant on the Deferred Compensation Agreement to
which such amounts relate. The form of payment with respect to amounts and the
earnings credited thereon may be in any of the following forms:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)&nbsp;A lump sum; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II)&nbsp;Installment payments for a period not to exceed fifteen years.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;A Participant may request a change in the amount and/or schedule of
payment of such distribution, which may be approved or disapproved by the
Committee in its sole discretion, provided that such request is made in the
calendar year prior to the calendar year in which a distribution of a
Participant&#146;s Account is scheduled to begin distribution (but no less than 180
days prior to the distribution date in all events).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;With respect to Post-2005 Subaccounts, the following rules shall
apply:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;In the event of death or disability prior to a Participant&#146;s
Separation From Service, all Post-2005 Subaccounts shall be distributed in a
lump sum. In the event of a Participant&#146;s death or disability after the
Participant has started to receive a distribution of his Post-2005 Subaccounts
in the form of a series of installment payments, due to his Separation From
Service or his election to receive benefits in a Specific Future Year, such
payments shall continue to be made to the Participant or his Beneficiary (as
the case may be), in accordance with the elections made by the Participant on
his Deferred Compensation Agreements to which such amounts relate, subject to
any limited rights that the Participant or Beneficiary (as the case may be) may
have to accelerate the distribution of such payments, to the extent permitted
by Code Section&nbsp;409A and the regulations issued thereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;In the event of a Separation From Service or distribution to be made
arising from an election upon a Specific Future Year, all Post-2005 Accounts
shall be distributed in accordance with the form of payment elected by the
Participant on the Deferred Compensation Agreements to which such amounts
relate. Notwithstanding the foregoing, if a Participant has not made an
election about the form of payments with respect to his Post-2005 Subaccounts,
such subaccounts shall be


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">distributed in a lump sum. The form of payment with respect to amounts and the
earnings credited thereon may be in any of the following forms:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)&nbsp;A lump sum; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II)&nbsp;Installment payments for a period not to exceed fifteen years.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;A Participant may only request a change in the amount and/or
schedule of payment of such distribution that were elected by the Participant
in the Deferred Compensation Agreements establishing such Post-2005
Subaccounts, provided that such subsequent election is made according to the
limitations set forth in Section&nbsp;7.1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Any installment payments payable under this Plan shall be paid
annually as of the first business day of January of each Plan Year or quarterly
as of the first business day of each calendar quarter as elected by the
Participant. Each installment payment shall be determined by multiplying the
amounts to be distributed by a fraction, the numerator of which is one and the
denominator of which is the number of remaining installment payments to be made
to Participant. Anything contained herein to the contrary notwithstanding,
total distribution of a Participant&#146;s Account must be made by the later of the
date such Participant attains age 85 or the Participant&#146;s Separation From
Service.


<P align="left" style="font-size: 10pt">7.4 Small Accounts.



<P align="left" style="font-size: 10pt">For Pre-2005 Subaccounts only, the Committee, in its sole discretion, may
establish minimum amounts for distributions to be made in installments, and
also may distribute a Participant&#146;s Pre-2005 Subaccounts in one lump sum, if
the balance of such Pre-2005 Subaccounts is less than $25,000 on the date
distribution is scheduled to begin.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Post-2005 Subaccounts, the form and timing of all distributions shall
be subject to the requirements of Code Section&nbsp;409A and the regulations issued
thereunder. Notwithstanding the foregoing, in the event that the balance of a
Participant&#146;s Post-2005 Subaccounts is less than $10,000 on the date
distribution is scheduled to begin (or such other de minimis amount as may be
established by the regulations under Code Section&nbsp;409A), such balance shall
automatically be paid in a lump sum, notwithstanding any elections on the
Participant&#146;s Deferred Compensation Agreements to the contrary.


<P align="left" style="font-size: 10pt">7.5 Designation of Beneficiaries.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Participant shall have the right to designate the Beneficiary or
Beneficiaries to receive payment of his Account in the event of his death. A
Beneficiary designation shall be made by executing the Beneficiary designation
form prescribed by the Committee and filing the same with the Committee. Any
such designation may be changed at any time by execution of a new designation
in accordance with this Section. If no such designation is on file with the
Committee at the time of the death of the Participant or such designation is
not effective for any reason as determined by the Committee, then the
designated Beneficiary or Beneficiaries to receive such benefit shall be the
Participant&#146;s surviving spouse if any, or if none, the Participant&#146;s executor
or administrator, or his heirs at law if there is no administration of such
Participant&#146;s estate, or otherwise as may be directed by law, or by order or
judgment of a court of competent jurisdiction.


<P align="left" style="font-size: 10pt">7.6 Unclaimed Benefits.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the case of an amount payable pursuant to the Plan on behalf of a
Participant, if the Committee is unable to locate the Participant or
Beneficiary to whom such amount is payable, such amount may be forfeited to the
Company, upon the Committee&#146;s determination, and subject to applicable escheat
and similar laws. Notwithstanding the foregoing, if subsequent to any such
forfeiture that is received and retained by the Company, the Participant or
Beneficiary to whom such amount is payable makes a valid claim for such amount,
such forfeited amount shall be paid by the Company or restored to the Plan by
the Company.


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">7.7 Withdrawals.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant may apply in writing to the Committee for, and the Committee
may permit, a hardship withdrawal of all or any part of the Participant&#146;s
Account if the Committee, in its sole discretion, determines that the
Participant has incurred (a)&nbsp;a severe financial hardship resulting from a
sudden and unexpected illness or accident of the Participant or of a dependent
(as defined in section 152(a) of the Code) of the Participant, or (b)&nbsp;a loss of
property due to casualty, or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the
Participant, as determined by the Committee, in its sole and absolute
discretion; provided, that with respect to Post-2005 Subaccounts, the
Committee&#146;s determination shall be made in accordance with, and subject to,
Code Section&nbsp;409A and the regulations issued thereunder addressing the
permissibility of distributions in the event of an unforeseeable emergency.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount that may be withdrawn shall be limited to the amount reasonably
necessary to relieve the hardship or financial emergency upon which the request
is based, plus the&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;federal and state taxes reasonably
anticipated to be due on the distribution. With respect to the portion of the
distribution attributable to Post-2005 Subaccounts, the Committee shall also
take into account the extent to which such financial hardship is or may be
relieved through reimbursement or compensation by insurance or otherwise, or by
liquidation of the Participant&#146;s assets (to the extent that the liquidation of
such assets would not itself cause severe financial hardship), or such other
factors, criteria or requirements as may be established under Code Section&nbsp;409A
and the regulations issued thereunder. The Committee may require a Participant
who requests a hardship withdrawal to submit such evidence as the Committee, in
its sole discretion, deems necessary or appropriate to substantiate the
circumstances upon which the request is based.


<P align="left" style="font-size: 10pt">7.8 Other Withdrawals



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;With respect to Pre-2005 Subaccounts only (but not with respect to
Post-2005 Subaccounts), the following rules shall apply:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At any time, a Participant may request that 90% (or a designated portion
of) the balance of his Pre-2005 Subaccounts only be paid to him provided, that
in anticipation of or following a Change In Control, a Participant may request
that up to 100% of his Pre-2005 subaccounts balance be paid to him. Except as
provided below in connection with a Change In Control, the Committee in its
sole discretion may approve or disapprove such a request. If (a)&nbsp;the Committee
approves the request or (b)&nbsp;in connection with a Change In Control, the Company
has established a Funded Rabbi Trust (as defined below), and in either such
case the requesting Participant receives a payment under this Section, he shall
(1)&nbsp;permanently forfeit the remaining 10% of the entire account balance (or
designated portion of it) which shall not be paid to, or in respect of, the
Participant; and (2)&nbsp;the Participant shall lose the right to make additional
deferrals into the Plan until the Plan Year that immediately follows the first
anniversary of the date on which such Participant receives a distribution under
this Section. If a Participant has filed a request under this section in
anticipation of or after a Change In Control, then the Committee may not
disapprove such request, but shall notify the Participant, by appropriate
written certification delivered to such Participant within 10&nbsp;days of his
request, whether or not the Company has established, as contemplated in Section
10.6, an irrevocable trust, controlled by an independent trustee, which has
been funded with cash or other liquid assets having a value of at least 110% of
the aggregate Pre-2005 Subaccount balances deferred pursuant to the Plan as of
such date (a &#147;Funded Rabbi Trust&#148;). If the Committee so notifies the
Participant of the establishment of a Funded Rabbi Trust, then the
Participant&#146;s previously filed request under this Section shall be deemed
revoked, unless the Participant resubmits such request following the Change In
Control, and in any such resubmitted request, the Participant may only request
that 90% of (or a designated portion of) his Pre-2005 Subaccount balance be
paid to him (which request shall not be subject to Committee approval). If the
Committee does not so notify the Participant of the establishment of a Funded
Rabbi Trust, (1)&nbsp;the amount of the distribution requested by such Participant
(up to the entire Pre-2005 Subaccount balance of such Participant) shall be
paid to him not later than the fourteenth (14th) day after the date of his
request and (2)&nbsp;the Participant shall lose the right to make additional
deferrals into the Plan


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">until the Plan Year that immediately follows the first anniversary of the date
on which such Participant receives such distribution.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;With respect to Post-2005 Subaccounts, a Participant may only have the
right to receive a distribution of such Subaccounts, in a lump sum, upon a
Change in Control, provided that the requirements of Code Section&nbsp;409A and the
regulations issued thereunder (including any requirements or limitations on the
establishment of a rabbi trust) are satisfied.


<P align="center" style="font-size: 10pt">ARTICLE VIII - ADMINISTRATION



<P align="left" style="font-size: 10pt">8.1 Committee.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan shall be administered by the Committee as contemplated in Section
1.6, or by such other person, entity or body as may be retained, constituted or
appointed for such purpose from time to time by the Directors. The Committee
shall be responsible for the general operation and administration of the Plan
and for carrying out the provisions thereof. The Committee may delegate to
others certain aspects of the management and operational responsibilities of
the Plan including the employment of advisors and the delegation of ministerial
duties to qualified individuals, provided that such delegation is in writing.


<P align="left" style="font-size: 10pt">8.2 General Powers of Administration.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee shall have all powers necessary or appropriate to enable it
to carry out its administrative duties. Not in limitation, but in application
of the foregoing, the Committee shall have the duty and power to interpret the
Plan, to make findings of fact and to determine all questions that may arise
hereunder as to the status and rights of Employees, Participants, and
Beneficiaries. The Committee may exercise the powers hereby granted in its sole
and absolute discretion. No member of the Committee shall be personally liable
for any actions taken by the Committee unless the member&#146;s action involves
willful misconduct.


<P align="left" style="font-size: 10pt">8.3 Costs of Administration.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The costs of administering the Plan shall be borne by the Company unless
and until the Participant receives written notice of the imposition of such
administrative costs, with such costs to begin with the next Plan Year and no
costs may be assessed retroactively for prior Plan Years. Such costs shall be
charged against the Participant&#146;s Account and shall be uniform for all Plan
Participants.


<P align="left" style="font-size: 10pt">8.4 Indemnification of Committee.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall indemnify the members of the Committee against any and
all claims, losses, damages, costs and expenses, including attorney&#146;s fees,
incurred by them, and any liability, including any amounts paid in settlement
with their approval, arising from their action or failure to act, except when
the same is judicially determined to be attributable to their gross negligence
or willful misconduct.

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">ARTICLE IX - DETERMINATION OF BENEFITS,<BR>
CLAIMS PROCEDURE AND ADMINISTRATION



<P align="left" style="font-size: 10pt">9.1 Claims.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A person who believes that he is being denied a benefit to which he is
entitled under the Plan (hereinafter referred to as a &#147;Claimant&#148;) may file a
written request for such benefit with the Committee, setting forth his claim.
The request must be addressed to the Committee at the Company at its then
principal place of business.


<P align="left" style="font-size: 10pt">9.2 Claim Decision.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon receipt of a claim, the Committee shall advise the Claimant that a
reply will be forthcoming within ninety (90)&nbsp;days and shall, in fact, deliver
such reply within such period.


<P align="left" style="font-size: 10pt">The Committee may, however, extend the reply period for an additional ninety
(90)&nbsp;days if the Committee determines that special circumstances require an
extension of time for processing the claim.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the claim is denied in whole or in part, the Committee shall adopt a
written opinion, using language calculated to be understood by the Claimant,
setting forth:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;The specific reason or reasons for such denial;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The specific reference to pertinent provisions of the Plan on which
such denial is based;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;A description of any additional material or information necessary for
the Claimant to perfect his claim and an explanation why such material or such
information is necessary;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;Appropriate information as to the steps to be taken if the Claimant
wishes to submit the claim for review;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;The time limits for requesting a review under Section&nbsp;9.3 and Section
9.4 hereof.; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;A statement of the Claimant&#146;s right to bring a civil action under
ERISA 502(a) following an adverse benefit determination on review.


<P align="left" style="font-size: 10pt">9.3 Request for Review.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within sixty (60)&nbsp;days after the receipt by the Claimant of the written
opinion denying the claim (as described above), the Claimant may request in
writing that the Company review the determination of the Committee. Such
request must be addressed to the Secretary of the Company, at its then
principal place of business. The Claimant or his duly authorized representative
may, but need not, review the pertinent documents, and submit issues and
comments in writing for consideration by the Company, and/or request a hearing,
which the Committee, in its sole discretion, may grant or deny. If the Claimant
does not request a review of the Committee&#146;s determination by the Secretary of
the Company within such sixty (60)&nbsp;day period, he shall be barred and be
stopped from challenging the Committee&#146;s determination.


<P align="left" style="font-size: 10pt">9.4 Review of Decision.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within sixty (60)&nbsp;days after the Secretary&#146;s receipt of a request for
review, he will review the Committee&#146;s determination. If special circumstances
require that the sixty (60)&nbsp;day time period be extended, the Secretary will so
notify the Claimant and will render the decision as soon as possible, but no
later than one hundred twenty (120)&nbsp;days after receipt of the request for
review. After considering all materials

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">presented by the Claimant, the Secretary will render a written opinion, written
in a manner calculated to be understood by the Claimant, setting forth:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;The specific reasons for the decision;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The specific reference to the pertinent provisions of this Plan on
which the decision is based;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;A statement that the Claimant is entitled to receive, upon request and
free of charge, reasonable access to and copies of all documents, records and
other information relevant (as defined in applicable ERISA regulations) to the
Claimant&#146;s claim for benefits; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;A statement of the Claimant&#146;s right to bring a civil action under ERISA 502(a).



<P align="center" style="font-size: 10pt">ARTICLE X - MISCELLANEOUS



<P align="left" style="font-size: 10pt">10.1 Not Contract of Employment.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The adoption and maintenance of the Plan shall not be deemed to be a
contract between the Company or any of its Subsidiaries and any person or to be
consideration for the employment of, or service as a director by, any person.
Nothing herein contained shall be deemed to give any person the right to be
retained in the employ of the Company or any of its Subsidiaries or to be
nominated, elected or not removed as a director of the Company or any of its
Subsidiaries or to restrict the right of the Company or any of its Subsidiaries
to discharge any person at any time nor shall the Plan be deemed to give the
Company or any of its Subsidiaries the right to require any person to remain in
the employ or to continue as a director of the Company or any of its
Subsidiaries or to restrict any person&#146;s right to terminate his employment or
service as a director at any time.


<P align="left" style="font-size: 10pt">10.2 Non-Assignability of Benefits.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Participant, Beneficiary or distributee of benefits under the Plan
shall have any power or right to transfer, assign, anticipate, hypothecate or
otherwise encumber any part or all of the amounts payable hereunder, which are
expressly declared to be unassignable and non-transferable. Any such attempted
assignment or transfer shall be void. No amount payable hereunder shall, prior
to actual payment thereof, be subject to seizure by any creditor of any such
Participant, Beneficiary or other distributee for the payment of any debt,
judgment or other obligation, by a proceeding at law or in equity, nor
transferable by operation of law in the event of the bankruptcy, insolvency or
death of such Participant, Beneficiary or other distributee hereunder.


<P align="left" style="font-size: 10pt">10.3 Withholding.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All deferrals and payments provided for hereunder shall be subject to
applicable withholding and other deductions as shall be required of the Company
under any applicable local, state or federal law. The Company shall not be
deemed to have made any representation or warranty to any Participant,
Beneficiary or any other person concerning the appropriate income or other tax
treatment of amounts deferred and/or distributed pursuant to this Plan under
the Code (as now or hereafter in effect) or under any other federal, state,
local or foreign tax or similar law, rule or regulation. All of such matters,
and the responsibility of any Participant, Beneficiary, Eligible Employee
and/or Eligible Director to satisfy such person&#146;s tax and similar reporting and
payment obligations in accordance with applicable law in respect of any amounts
deferred or distributed under this Plan, shall be and remain the sole and
exclusive responsibility and obligation of such individual, and each
individual Participant, in consideration of his participation in the Plan,
shall agree to indemnify and hold the Company, its Subsidiaries and their
respective directors, officers, employees, agents and advisors harmless from
and against such

<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">responsibilities and liabilities and any failure on the part
of such individual Participant and/or his Beneficiaries to perform and
discharge them fully and in a timely manner. This indemnity shall survive any
such Participant&#146;s participation in the Plan, any termination of the Plan and
any termination of such Participant&#146;s employment with or by, or service as a
director of, the Company or any of its Subsidiaries for any reason whatsoever.



<P align="left" style="font-size: 10pt">10.4 Amendment and Termination.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee and/or the Directors may from time to time, in
its discretion, amend, in whole or in part, any or all of the provisions of the
Plan; provided, however, that no amendment may be made that would impair the
rights of a Participant with respect to amounts already allocated to his
Account. The Compensation Committee and/or the Directors may terminate the Plan
at any time. In the event that the Plan is terminated, the balance in a
Participant&#146;s Pre-2005 Subaccounts shall be paid to such Participant or his
Beneficiary in a single cash lump sum in full satisfaction of all such
Participant&#146;s or Beneficiary&#146;s benefits hereunder, and the balance in a
Participant&#146;s Post-2005 Subaccounts shall be paid to such Participant or
Beneficiary to the extent permitted under Code Section&nbsp;409A and the regulations
issued thereunder. Any such amendment to or termination of the Plan shall be in
writing and signed by a member of the Compensation Committee or, if by the
Directors, by the Secretary of the Company.


<P align="left" style="font-size: 10pt">10.5 No Trust Created.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing contained in this Plan, and no action taken pursuant to its
provisions by any party, shall create, nor be construed to create, a trust of
any kind or a fiduciary relationship between the Company or any of its
Subsidiaries and any Participant, his Beneficiaries, or any other person.


<P align="left" style="font-size: 10pt">10.6 Unsecured General Creditor Status Of Employee.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The payments to a Participant, his Beneficiary or any other
distributee hereunder shall be made from assets which shall continue, for all
purposes, to be a part of the general, unrestricted assets of the Company; no
person shall have nor acquire any interest in any such assets by virtue of the
provisions of this Plan. The Company&#146;s obligation hereunder shall be an
unfunded and unsecured promise to pay money in the future. To the extent that
the Participant Beneficiary or other distributee acquires a right to receive
payments from the Company under the provisions hereof, such right shall be no
greater than the right of any unsecured general creditor of the Company; no
such person shall have nor acquire any legal or equitable right, interest or
claim in or to any property or assets of the Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In the event that, in its discretion, the Company purchases an
insurance policy or policies insuring the life of any Eligible Employee or
Eligible Director (or any other property) to allow the Company to recover the
cost of providing the benefits, in whole, or in part, hereunder, none of the
Participant, their respective Beneficiaries or other distributees shall have
nor acquire any rights whatsoever therein or in the proceeds therefrom. The
Company shall be the sole owner and beneficiary of any such policy or policies
and, as such, shall possess and, may exercise all incidents of ownership
therein. No such policy, policies or other property shall be held in any trust
for a Participant, Beneficiary or other distributee or held as collateral
security for any obligation of the Company hereunder. An Eligible Employee&#146;s or
Eligible Director&#146;s participation in the underwriting or other steps necessary
to acquire such policy or policies may be required by the Company and, if
required, shall not be a suggestion of any beneficial interest in such policy
or policies to such Participant or any other person.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;To meet its obligations under the Plan, the Company may (but shall not
be obligated to) establish a trust or trusts, or such other funding devices as
the Committee shall deem appropriate, advisable or desirable, which may take
the form of grantor trusts, may be revocable or irrevocable, and may have
independent trustees (such trusts or other funding devices collectively
&#147;Trusts&#148;). If any such Trusts are established, then so long as they are
maintained, the assets of such Trusts will be used only to pay benefits and
administrative expenses of the Plan; provided, however, that the assets of such
Trusts will be subject to the claims of creditors of the Company in the event
the Company becomes Insolvent. To the extent that the assets of such Trusts are
insufficient to pay benefits due under the Plan, such benefits shall be paid by
the Company from its general assets, which assets shall, at all times, remain
subject to the claims of the


<P align="left" style="font-size: 10pt">January&nbsp;1, 2005

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">Company&#146;s creditors. Neither Participants, their Beneficiaries nor their legal
representatives shall have any right, actual or beneficial, other than the
right of an unsecured general creditor, against the Company or against any of
such Trusts in respect of any portion of a Participant&#146;s Account. The Company
has no obligation to make or to continue to make any contributions to any
Trusts that may be established in connection with the Plan and any such
contributions, if made, shall be made (and may be discontinued) in the sole
discretion of the Company. Notwithstanding the foregoing, the establishment of
any trusts with respect to Post-2005 Subaccounts, pursuant to this Section
10.6, shall be subject to the requirements of Code Section&nbsp;409A and the
regulations issued thereunder.



<P align="left" style="font-size: 10pt">10.7 Severability.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any provision of this Plan shall be held illegal or invalid for any
reason, said illegality or invalidity shall not affect the remaining provisions
hereof; instead, each provision shall be fully severable and the Plan shall be
construed and enforced as if said illegal or invalid provision had never been
included herein.


<P align="left" style="font-size: 10pt">10.8 Governing Laws.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All provisions of the Plan shall be construed in accordance with the laws
of Virginia except to the extent preempted by federal law.


<P align="left" style="font-size: 10pt">10.9 Binding Effect.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Plan shall be binding on each Participant and his heirs and legal
representatives and Beneficiaries and on the Company and its successors and
assigns.


<P align="left" style="font-size: 10pt">10.10 Entire Agreement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This document and any amendments hereto contain all the terms and
provisions of the Plan and shall constitute the entire Plan, any other alleged
terms or provisions being of no effect. The payment of any amounts to a
Participant or Beneficiary shall be determined according to the terms of this
Plan and the terms of any of Deferred Compensation Agreements of the
Participant that may be in effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the Company has caused this Plan to be properly
executed as of the 16th day of December,.1997 and amended as of the &nbsp;&nbsp;&nbsp;day of
&nbsp;&nbsp;&nbsp;, 2004, but only with respect to amounts deferred hereunder for
services performed during Plan Years beginning on or after January&nbsp;1, 2005.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="60%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>NEXTEL COMMUNICATIONS, INC.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">(Corporate Seal)



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="60%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="60%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Vice President, Human Resources</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Attested to:



<P align="left" style="font-size: 10pt"><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U>



<P align="left" style="font-size: 10pt">Secretary



<P align="left" style="font-size: 10pt">January&nbsp;1, 2005



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">EXHIBIT A



<P align="center" style="font-size: 10pt">NEXTEL COMMUNICATIONS, INC.<BR>
CASH COMPENSATION DEFERRAL PLAN<BR>
SPECIFIED ALTERNATIVES



<P align="left" style="font-size: 10pt">SPECIFIED ALTERNATIVES



<P align="left" style="font-size: 10pt">Overview



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The value of your deferral will be determined by the performance of an
attractive array of Investment Options. You may elect to allocate your monthly
base salary and/or your bonus compensation deferral in increments of 1% among
these options, and reallocate them once in each calendar month subject only to
special restrictions as the Plan may provide. Your deferred account will be
credited or charged with the change in value of the particular financial option
or options selected, including reinvestment of dividends and capital gains,
where applicable. Please remember that these Investment Options are
hypothetical in nature; no monies are actually invested in the allocations
selected.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your deferrals will be treated as if invested in shares of your fund
choice. Your deferrals will be converted to share equivalents based on the
closing price on the day the deferrals are credited to your deferral account
(monthly for salary and on the payment date in the case of variable
compensation). You will be credited with the value of the funds chosen,
including reinvestment of dividends and capital gains, when applicable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your Investment Options are as follows:


<P align="left" style="font-size: 10pt">(PTRAX) PIMCO Total Return Fund



<P align="left" style="font-size: 10pt">This fund seeks to maximize total return consistent with prudent investment
management. The fund will primarily invest in the following types of
securities: obligations issued or guaranteed by the U.S. Government, its
agencies, or instrumentalities; U.S. dollar-denominated corporate debt
securities of domestic or foreign issuers; mortgage and other asset-backed
securities; variable and floating rate debt securities; U.S. dollar-denominated
obligations of foreign governments, foreign government agencies, and
international agencies (such as the International Bank for Reconstruction and
Development); and any of the
following: high quality commercial paper; certificates of deposit; fixed time
deposits and bankers&#146; acceptances issued by domestic and foreign banks
denominated in U.S. dollars; and repurchase and reverse repurchase agreements.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">(BTIIX) Scudder Equity 500 Index



<P align="left" style="font-size: 10pt">This fund seeks to provide investment results that correspond to the total
return performance of common stocks that are publicly traded in the United
States. The fund attempts to achieve its objective by investing in stocks
included in the S&#038;P 500. The S&#038;P 500 is a capitalization-weighted index, based
on the relative market capitalization of 500 different companies selected by
S&#038;P, including companies in the industrial, utility, financial, and
transportation industry sectors. The fund attempts to replicate the investment
results of the S&#038;P 500, while minimizing transactional costs and other
expenses. The fund will purchase common stock of those companies included in
the S&#038;P 500, which the fund Manager believes, based on statistical data, will
represent the industry diversification of the entire S&#038;P 500.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-12.0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-22.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">28.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"> (FSFLX) AIM Total Return Fund



<P align="left" style="font-size: 10pt">The investment objective of the AIM Total Return Fund (the &#147;Total Return Fund&#148;)
is to seek a high total return on investment through capital appreciation and
current income. The Total Return Fund seeks to accomplish its objective by
investing in a combination of equity securities and fixed income securities.
Although there is no limitation on the maturity of the Total Return Fund&#146;s
investment in fixed income securities, the dollar-weighted average maturity of
such investments normally will be from 3 to 15&nbsp;years.
<P>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-0.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-12.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"> (NPRTX) Neuberger &#038; Berman Partners



<P align="left" style="font-size: 10pt">The investment of this fund is to seek capital growth. The fund invests
principally in common stocks of medium to large capitalization established
companies, using the value-oriented investment approach. The fund seeks capital
growth through an investment approach that is designed to increase capital with
reasonable risk. Neuberger&#038;Berman Management looks for securities believed to
be undervalued based on strong fundamentals, including a low price-to-earnings
ratio, consistent cash flow, and the company&#146;s track record through all parts
of the market cycle.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns
</DIV></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-3.0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-24.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"> (AMCGX) Alger MidCap Growth B



<P align="left" style="font-size: 10pt">The investment objective of the fund is long-term capital appreciation. Except
during temporary defensive periods, the fund invests at least 65% of its total
assets in equity securities of companies that, at the time of purchase of the
securities, have total market capitalization within the range of companies
included in the S&#038;P MidCap 400 Index, updated quarterly. The S&#038;P MidCap index
is designed to track the performance of medium capitalization companies. As of
March&nbsp;31, 1997, the range of market capitalization of these companies was $120
million to $7.193&nbsp;billion. The Fund may invest up to 35% of its total assets in
equity securities of companies that, at the time of purchase, have total market
capitalization outside the range of companies included in the S&#038;P MidCap 400
Index and in excess of that amount (up to 100% of its assets) during temporary
defensive periods.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns
</DIV></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-7.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-31.0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"> (ALSCX) Alger Small Cap Growth B



<P align="left" style="font-size: 10pt">The investment objective of the fund is long-term capital appreciation. Except
during temporary defensive periods, the fund invests at least 65% of its total
assets in equity securities of companies that, at the time of purchase of the
securities, have &#147;total market capitalization&#148; &#151; present market value per
share multiplied by the total number of shares outstanding &#151; within the range
of companies included in the Russell 2000 Growth Index (&#147;Russell Index&#148;) or the
S&#038;P SmallCap 600 Index (&#147;S&#038;P Index&#148;), updated quarterly. Both indexes are broad
indexes of small capitalization stocks. As of March&nbsp;31, 1997, the range of
market capitalization of the companies in the Russell Index was $10&nbsp;million to
$1.94&nbsp;billion; the range of market capitalization of the companies in the S&#038;P
Index at that date was $32&nbsp;million to $2.579&nbsp;billion. The combined range as of
that date was $10&nbsp;million to $2.579&nbsp;billion.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-31.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-28.0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"> (MIMBX) Morgan Stanley International Magnum B



<P align="left" style="font-size: 10pt">This fund seeks long-term capital appreciation primarily through investment in
equity securities of corporations domiciled in countries other than the United
States. Current income from dividends and interest will not be an important
consideration. Other than when in a defensive posture, at least 70% of the
fund&#146;s assets will consist of corporate securities, primarily common stock and,
to a lesser extent, securities convertible into common stock. The Fund may,
however, for defensive purposes, invest in nonconvertible fixed income
securities denominated in currencies of foreign countries and in United States
dollars.



<P align="left" style="font-size: 10pt">Investing in the securities of foreign issuers involves special risks and
considerations not typically associated with investing in U.S. companies.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-18.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-13.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">28.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"> (MFCAX) MFS Core Growth A



<P align="left" style="font-size: 10pt">This fund seeks capital appreciation. The fund normally invests at least 65% of
assets in common stocks and related securities, such as preferred stock,
convertible securities and depositary receipts. It may also invest in emerging
growth companies.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-23.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-28.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">21.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"> (MGSEX) Managers Special Equity



<P align="left" style="font-size: 10pt">This fund seeks capital appreciation. The fund invests primarily in equity
securities issued by a diversified group of companies management judges to have
the potential for superior growth of earnings. These companies may have small
to medium market capitalizations and are in the early stages of their corporate
life cycle or are not yet well recognized, or they may be more established
firms experiencing accelerated earnings growth.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-8.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-22.0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">42.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"> (ACGIX) Van Kampen Growth &#038; Income



<P align="left" style="font-size: 10pt">Van Kampen Growth and Income Fund seeks income and long-term growth of capital.
The fund invests primarily in income-producing equities; it may also purchase
investment-grade debt. It limits investments in foreign securities to 25% of
assets.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">History of Annual Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 8pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2001</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2002</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2003</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-6.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD nowrap align="right" valign="top">-14.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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