KBW Bank SectorSM (BKXSM)
								Shares Outstanding/
Date	Divisor		Reason for Change					Modified Shares
2/26/2007	10,974,534		Deletion:	Compass Bancshares Inc. (CBSS)
			Addition:	Huntington Bancshares (HBAN)				480,000
12/18/2006	10,973,542		December Quarterly Share Update
			Deletion:	Mellon Financial Corp (MEL)
			Addition:	Compass Bancshares Inc. (CBSS)
12/1/2006	11,042,000		Capital One Financial Corp. (COF) acquires NFB					612,935
11/6/2006	10,969,750		Regions Financial (RF) acquires AmSouth Bancorp (ASO)					1,332,487
10/2/2006	10,879,090		Wachovia Corp. (WB) acquires Golden West Financial (GDW)					1,175,741
9/18/2006	10,780,256		September Quarterly Share Update
8/14/2006			Wells Fargo Company (WFC) - 2 for 1 stock split					2,691,966
6/19/2006	10,583,813		June Quarterly Share Update
5/15/2006	10,784,896		Deletion: Golden West Financial Corp. (GDW)					1,077,123
			Addition: Amsouth Corp. (ASO)
4/4/2006	10,875,641		Marshall & Ilsley Corp. (MI) has 2 acquisitions					275,000
3/20/2006	10,849,185		March Quarterly Share Update
			Addition:	Marshall & Illsley Corporation (MI)				210,000
			Deletion:	North Fork Bancorp (NFB)
3/1/2006	10,839,756		Wachovia Corporation (WB) aquires both					973,563
			Westcorp (WES) and WFS Financial , Inc. (WFSI)
1/3/2006	10,829,424		Bank of America (BAC) acquires MBNA Corporation					2,512,554,000
12/19/2005	10,763,312		December Quarterly Share Update
12/5/2005	10,783,572		Zions Bancorporation (ZION) - change in shares oustanding					303,072,000
11/3/2005	10,776,546		Changed from using modified shares to float-adjusted
			modified shares. (Computation methond remained unchanged)
10/3/2005	11,002,549		Washington Mutual (WM) acquires Providian Financial					1,201,362,000
9/19/2005	10,998,641		September Quarterly Share Update
7/5/2005	11,146,625		Addition:	Capital One Financial (COF)				426,960,000
			Deletion:	MBNA Corporation (KRB)
6/20/2005	11,279,469		June Quarterly Share Update
3/21/2005	11,351,807		March Quarterly Share Update
3/10/2005	11,287,203		Fifth Third Bancorp (FITB) Outstanding shares change					823,162,000
1/4/2005	11,312,665		Fifth Third Bancorp (FITB) acquires First National Bank					879,897,000
12/20/2004	11,292,077		December Quarterly Share Update
12/13/2004			Golden West Financial (GDW) - 2 for 1 stock split					540,190,000
11/16/2004			Northforkbancorporation (NFB) - 3 for 2 stock split					916,116,000
11/1/2004	11,265,530		Wachovia Corp. (WB) - shares adjustment (merger)					1,240,829,000
10/20/2004			Changed calculation method from a price weighted to a
			cap weighted methodology
10/18/2004	11,152,219		Deletion: SouthTrust Corporation (SOTR)
			Addition:	North Fork Bancorporation (NFB)				311,897,000
10/1/2004	11,158,263		SunTrust Banks Inc. (STI) - shares adjustment (merger)					358,190,000
9/20/2004	11,103,857		September Quarterly Share Update
8/30/2004			Bank of America (BAC)- 2 for 1 stock split					4,077,594,000
7/1/2004	11,114,712		Merger between JPM & ONE - EFFECTIVE
			Merger between NCC & PFGI - EFFECTIVE
			Deletion: Bank One Corp. (ONE)
			Addition: (New) Regions Financial Corp. (RF)					460,995,000
			National City Corp. (NCC) - shares adjustment (merger)					677,539,000
			J.P. Morgan & Chase Co. (JPM) - shares adjustment (merger)					3,563,335,000
6/21/2004	10,950,146		June Quarterly Share Update
4/1/2004	10,949,495		Merger between (BAC) & (FBF) - EFFECTIVE
			Deletion:  FleetBoston Financial Corp. (FBF)
			Addition:  M&T Bank Corporation (MTB)					119,240,000
			Bank of America (BAC) - share adjustment due to merger					2,043,092,000
3/22/2004	10,842,359		March Quarterly Share Update & 10-1 Split
1/2/2004	1,086,965		U.S. Bancorp (USB) spin-off of Piper Jaffray Co.
			(USB) opens lower to adjust for spin-off
12/22/2003	1,087,787		December Quarterly Share Update
9/18/2003	1,089,299		September Quaterly Share Update
7/1/2003	1,091,422		BB and T Corp. (BBT)					557,711,000
6/23/2003	1,087,938		June Quarterly Rebalancing
3/24/2003	1,090,428		March Quarterly Rebalancing
1/27/2003	1,089,865		Bank of New York (BK)					766,294,000
12/23/2002	1,088,501		December Quarterly Re-Balancing
9/23/2002	1,088,325		September Quarterly Re-Balancing
7/21/2002	1,096,934		Citigroup, Inc. (C) spins-off Travelers Property Casualty (TAP'A) & (TAP'B)
			(C) opens lower to adjust for spin-off.
7/16/2002	1,277,685		MBNA Corp. (KRB) 3-2 Stock Split					1,277,685,000
6/24/2002	1,112,655		June Quarterly Re-Balancing
4/4/2002	1,112,116		Mellon Financial Corporation (MEL)					441,641,000
3/18/2002	1,113,225		March Quarterly Re-Balancing
1/7/2002	1,113,175		Washington Mutual (WM) merges with Dime Bancorp., Inc. (DME)
			Washington Mutual (WM)					963,127,000
12/24/2001	1,109,835		December Quarterly Re-Balancing
9/24/2001			September Quarterly Re-Balancing Cancelled
9/4/2001	1,108,843		First Union Corp. (FTU) merges with Wachovia Corporation (WB)
			Addition	Wachovia Corporation (WB)				1,402,013,000
			Deletion	First Union Corp. (FTU)
8/20/2001	1,091,924		Addition	SouthTrust Corporation (SOTR)				339,937,000
			Deletion	Wachovia Corporation (WB)
8/10/2001	1,098,549		BB & T Corporation (BBT) buys F&M National Corp.
			BB & T Corporation (BBT)					438,268,000
6/18/2001	1,097,255		June Quarterly Re-Balancing
5/31/2001			State Street Corp. (STT) has a 2-1 stock split					323,606,000
5/16/2001			Washington Mutual (WM) has a 3-2 stock split					872,759,000
4/2/2001	1,093,894		Fifth Third Bancorp. (FITB)					567,973,000
3/19/2001	1,087,516		March Quarterly Re-Balancing
3/1/2001	1,086,194		FleetBoston Financial Corp. (FBF)					1,082,881,000
2/27/2001	1,077,882		US Bancorp (USB) merges with Firstar Corp. (FSR)
			Additions	US Bancorp. (USB)				1,902,879,000
			Deletions	Firstar Corp. (FSR)
2/13/2001	1,050,699		Additions	Golden West Financial Corp. (GDW)				158,227,000
				MBNA Corp. (KRB)				851,781,000
			Deletions	US Bancorp (USB)
				Summit Bancorp, Inc. (SUB)
2/12/2001	1,053,030		Washington Mutual (WM)					581,839,000
1/30/2001	1,040,871		Comerica, Inc. (CMA)					177,154,000
1/2/2001	1,039,577		JP Morgan & Company (JPM) merges with Chase Manhattan Corp. (CMB)
			Additions	JP Morgan Chase & Company (JPM)				1,902,510,000
				Northern Trust Corporation (NTRS)				221,782,000
			Deletion	JP Morgan & Company, Inc. (JPM)
				Chase Manhattan Corp. (CMB)
12/18/2000	1,019,044		December Quarterly Re-Balancing
12/4/2000	1,016,385		Citigroup. Inc. (C)					5,032,932,000
9/18/2000			September Quarterly Re-Balancing
7/17/2000			Fifth Third Bancorp. (FITB) has a 3-2 stock split					464,649,000
7/7/2000	979,998		BB & T Corp. (BBT)					391,665,000
6/19/2000	978,558		June Quarterly Re-Balancing
6/12/2000			Chase Manhattan Corp. (CMB) has a 2-1 stock split					1,237,166,000
3/20/2000	989,892		March Quarterly Re-Balancing
1/14/2000	988,745		BB & T Corp. (BBT)					347,423,000
12/18/1999			December Quarterly Re-Balancing
11/22/1999			Fleet Boston Corp. (FLT) changes to FleetBoston Financial Corp. (FBF)
11/1/1999	991,724		Fifth Third Bancorp. (FITB)					301,914,000
10/21/1999	989,172		Zions Bancoporation (ZION)					84,711,000
10/1/1999	988,757		Fleet Financial Groups merges with BankBoston Corporation (BKB)
			Addition	Zion Bancorporation (ZION)				79,001,000
			Deletions	BankBoston Corporation (BKB)
			Fleet Boston Corp. (FLT)					921,575,000
9/20/1999	982,969		September Quarterly Re-Balancing
8/28/1999			Citigroup, Inc. (C) has a 2-1 stock split					4,499,587,000
8/2/1999	984,224		Chase Manhattan Corp. (CMB)					1,302,755,000
7/27/1999			National City Corp. (NCC) has a 2-1 stock split					628,842,000
6/21/1999	978,373		June Quarterly Re-Balancing
6/4/1999	979,015		Deutsche Bank's BUYS Bankers Trust (BT)
			Addition	BB & T Corporation (BBT)				310,838,000
			Deletion	Bankers Trust (BT)
6/1/1999			Citigroup, Inc. (C ) has a 3-2 stock split					3,386,964,000
5/18/1999			Mellon Bank Corp. (MEL) has a 2-1 stock split					522,280,000
3/22/1999	976,337		March Quarterly Re-Balancing
1/4/1999	975,860		Crestar Financial Corp. (CF) merges with Suntrust Banks, Inc. (STI)
			Suntrust Banks, Inc. (STI)					317,793,000
			Firstar Corp. (FSR)					230,000,000
12/21/1998	964,548		December Quarterly Re-Balancing
12/9/1998			Washington Mutual (WAMU) symbol becomes (WM)
12/4/1998			Citigroup, Inc. (CCI) changes symbol to (C )
11/20/1998	965,366		Star Banc Corp. (STB) merges with Firstar Corp (FSR)
			Firstar Corp. (FSR)					221,102,000
10/15/1998	912,827		Star Banc Corp. (STB)					110,333,000
10/8/1998	911,650		Citicorp, Inc. (CCI) merges with Travelers Group (TRV)
			Citicorp, Inc. (CCI)					2,286,005,000
			Fleet Financial Group (FLT)					567,850,000
10/2/1998	850,124		Banc One (ONE) merges with First Chicago NBD Bancorp. (FCN)
			Additions	Banc One, Inc. (ONE)				1,171,005,000
			Deletions	First Chicago NBD Bancorp. (FCN)
10/1/1998	820,628		NationsBank, Inc. (NB) merges with Bank America (BAC)
			Washington Mutual, Inc. (WAMU) buys H.F. Ahmanson (AHM)
			Additions	Fifth Third (FITB)				267,896,000
				State Street Corp. (STT)				161,486,000
				Star Banc (STB)				99,096,999
			Deletions	NationsBank (NB)
				FirstChicago NBD Corp. (FCN)
				Wells Fargo (WFC)
			BankAmerica (BAC)					1,737,432,000
			Washington Mutual, Inc. (WAMU)					592,852,000
7/1/1997			U.S. Bancorp (USBC) agrees to merge with First Bank Systems (FBS)
			Additions	Comerica (CMA)
			Deletions	U.S. Bancorp. (USBC)
12/31/1997	776,835		Barnett Banks (BBI) is acquired by NationsBank (NB)
			Corestates Financial (CFL) is acquired by First Union (FTU)
			Additions	Summit Bancorp. (SUB)				176,013,000
				Washington Mutual (WAMU)				257,331,000
			Deletions	Barnett Banks (BBI)
				Corestates Financial (CFL)
9/21/1992			Options begin trading on the BKX
10/21/1991			Starts trading at a value of 250