Exhibit 99.1

P.F. CHANG’S EARNS $0.31 PER SHARE

SCOTTSDALE, Arizona, October 26, 2005 — P.F. Chang’s China Bistro, Inc. (NASDAQ:PFCB) today reported earnings of $8.4 million for the third quarter ended October 2, 2005 compared to $8.2 million for the third quarter of the prior year. Earnings per share for the third quarter remained at $0.31 as compared to the third quarter of the prior year.

(000 except per share data)	3Q05		2Q05		3Q04
Revenues	$	203,049	$	198,056	$	174,013
Net Income	$	8,439	$	9,252	$	8,171
Diluted Earnings Per Share	$	0.31	$	0.34	$	0.31
Shares Used in diluted EPS calculation		27,073		26,977		26,589

Fourth Quarter Expectations

The Company has lowered its fourth quarter revenue expectations from $219 million to $214 million due to slightly lower traffic expectations, fewer new unit sales weeks and the continued closure of its Bistro restaurant in Metairie, Louisiana. Accordingly, the Company’s earnings expectations have been reduced to $0.33 per share versus the previous forecast of $0.38 per share.

2006 Expectations

The company expects to increase revenues from fiscal 2005 by approximately 20% in fiscal 2006. This estimate is based on an increase in new restaurants (19 company-owned Bistros, 1 joint-ventured Bistro, 30 new Pei Wei Asian Diners and 1 Taneko Japanese Tavern) as well as comparable store sales growth assumptions of 1 to 2%. Earnings in fiscal 2006 (before any impact from stock option expensing or new lease accounting rules) should grow commensurate with revenues.

Page 1 of 9

Management Changes

Separately, the Company announced that it had commenced a search to identify a replacement for its Chief Financial Officer, Kristina Cashman. Kristina commented “I love this Company and most especially the people who are a part of it. I have thoroughly enjoyed every moment I have spent here. However, I would like to have the opportunity to spend more time with my young children and to pursue other personal interests. I obviously will devote my full attention to this position until such time as a replacement has been identified and fully integrated.”

Chief Executive Officer, Rick Federico, noted that “the Company is in great debt to Kristina for her efforts over the last nine years. While we respect her decision, we are hopeful that she will stay in touch and perhaps maintain a more limited role with the Company. The search for a replacement has commenced immediately and we are confident that many quality candidates will be interested in leading our finance team as the Company moves forward.”

Pei Wei Transaction

The Company also announced its intention to purchase the 13% minority interest held by key employees in its Pei Wei Asian Diner subsidiary. While a definitive price has not been established, the Company anticipates that the consideration given for the outstanding Pei Wei Asian Diner common shares and options will be a combination of cash and options to purchase shares in P.F. Chang’s China Bistro, Inc. The transaction will not involve any changes in management or key positions in Pei Wei. The Company anticipates the purchase will occur in the first quarter of fiscal 2006 and will be slightly dilutive to fiscal 2006 earnings per share. The Company has engaged an independent third party investment banker who will help with the valuation of this interest and provide the Company with a fairness opinion on the transaction from a financial point of view.

The Company is hosting a conference call today at 1:00 pm ET in which management will provide further details on the third quarter results as well as its expectations for the balance of the year. A webcast of the call can be accessed through the company’s website at http://www.pfchangs.com.

P.F. Chang’s China Bistro, Inc. owns and operates two restaurant concepts in the Asian niche. P.F. Chang’s China Bistro features a blend of high-quality, traditional Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting. Pei Wei Asian Diner offers a modest menu of freshly prepared Asian cuisine in a relaxed, warm environment offering attentive counter service and take-out flexibility.

The statements contained in this press release that are not purely historical, including the company’s estimates of its revenues, earnings and comparable sales, as well as statements concerning the company’s development schedule, are forward looking statements. The accuracy of these forward-looking statements may be affected by certain risks and uncertainties, including, but not limited to, the company’s ability to operate its restaurants profitably; the company’s ability to hire, train and retain skilled management and other personnel; changes in consumer tastes and trends, and national, regional and local economic and weather conditions; changes in costs related to food, utilities and labor; changes to existing accounting rules or differing interpretations to our current accounting practices and other risks described in the company’s recent SEC filings.

Contact:		P.F. Chang’s China Bistro, Inc. (480) 888-3000
	Media:	Laura Cherry	laurac@pfchangs.com
	Investor:	Bert Vivian	bertv@pfchangs.com

Page 2 of 9

P.F. Chang’s China Bistro, Inc.

Consolidated Statements of Operations (In thousands, except per share amounts) (Unaudited)

	13 Weeks Ended			13 Weeks Ended			13 Weeks Ended
	Oct 2			Jul 3			Sept 26
	2005			2005			2004
							(Restated)
Revenues	$	203,049		$	198,056		$	174,013
Cost of sales		56,010			54,493			48,853
Labor		67,770			64,636			56,223
Partner bonus expense, imputed		440			470			455
Operating		31,619			29,634			24,770
Occupancy		11,182			10,767			9,372
Restaurant operating profit		36,028			38,056			34,340
General & administrative		9,256			10,025			8,893
Depreciation & amortization		9,258			8,519			7,330
Preopening expenses		2,712			2,496			2,056
Partner investment expense		1,472			1,581			1,675
Income from operations		13,330			15,435			14,386
Interest income, net and other income		530			447			91
Minority interest		(1,974	)		(2,176	)		(2,574	)
Income before provision for income taxes		11,886			13,706			11,903
Provision for income taxes		(3,447	)		(4,454	)		(3,732	)
Net income	$	8,439		$	9,252		$	8,171
Basic net income per share	$	0.32		$	0.35		$	0.32
Diluted net income per share	$	0.31		$	0.34		$	0.31
Shares used in calculation of basic EPS		26,359			26,221			25,768
Shares used in calculation of diluted EPS		27,073			26,977			26,589

	Percentage of Revenues
	Oct 2			Jul 3			Sept 26
	2005			2005			2004
							(Restated)
Revenues		100.0	%		100.0	%		100.0	%
Cost of sales		27.6	%		27.5	%		28.1	%
Labor		33.4	%		32.6	%		32.3	%
Partner bonus expense, imputed		0.2	%		0.2	%		0.3	%
Operating		15.6	%		15.0	%		14.2	%
Occupancy		5.5	%		5.4	%		5.4	%
Restaurant operating profit		17.7	%		19.2	%		19.7	%
General & administrative		4.6	%		5.1	%		5.1	%
Depreciation & amortization		4.6	%		4.3	%		4.2	%
Preopening expenses		1.3	%		1.3	%		1.2	%
Partner investment expense		0.7	%		0.8	%		1.0	%
Income from operations		6.6	%		7.8	%		8.3	%
Interest income, net and other income		0.3	%		0.2	%		0.1	%
Minority interest		-1.0	%		-1.1	%		-1.5	%
Income before provision for income taxes		5.9	%		6.9	%		6.8	%
Provision for income taxes		-1.7	%		-2.2	%		-2.1	%
Net income		4.2	%		4.7	%		4.7	%

     Certain percentage amounts do not sum to total due to rounding.

Page 3 of 9

P.F. Chang’s China Bistro, Inc.

Consolidated Statements of Operations (In thousands, except per share amounts) (Unaudited)

	39 Weeks Ended			39 Weeks Ended
	Oct 2			Sept 26
	2005			2004
				(Restated)
Revenues	$	595,319		$	507,671
Cost of sales		164,485			143,579
Labor		195,810			167,340
Partner bonus expense, imputed		1,376			1,242
Operating		89,617			71,098
Occupancy		32,223			26,877
Restaurant operating profit		111,808			97,535
General & administrative		29,407			25,896
Depreciation & amortization		25,911			20,839
Preopening expenses		6,542			5,777
Partner investment expense		3,326			16,056
Income from operations		46,622			28,967
Interest income and other income		1,435			238
Minority interest		(6,426	)		(7,247	)
Income before provision for income taxes		41,631			21,958
Provision for income taxes		(13,114	)		(6,069	)
Net income	$	28,517		$	15,889
Basic net income per share	$	1.09		$	0.62
Diluted net income per share	$	1.06		$	0.60
Shares used in calculation of basic EPS		26,232			25,644
Shares used in calculation of diluted EPS		26,981			26,505

	Percentage of Revenues
	Oct 2			Sept 26
	2005			2004
Revenues		100.0	%		100.0	%
Cost of sales		27.6	%		28.3	%
Labor		32.9	%		33.0	%
Partner bonus expense, imputed		0.2	%		0.2	%
Operating		15.1	%		14.0	%
Occupancy		5.4	%		5.3	%
Restaurant operating profit		18.8	%		19.2	%
General & administrative		4.9	%		5.1	%
Depreciation & amortization		4.4	%		4.1	%
Preopening expenses		1.1	%		1.1	%
Partner investment expense		0.6	%		3.2	%
Income from operations		7.8	%		5.7	%
Interest income and other income		0.2	%		0.0	%
Minority interest		-1.1	%		-1.4	%
Income before provision for income taxes		7.0	%		4.3	%
Provision for income taxes		-2.2	%		-1.2	%
Net income		4.8	%		3.1	%

Certain percentage amounts do not sum to total due to rounding.

Page 4 of 9

P.F. Chang’s China Bistro, Inc.

Supplemental Financial Information (In thousands, except per share amounts) (Unaudited)

	13 Weeks Ended Oct 2, 2005
										Shared
	Total			Bistro			Pei Wei			Services
Revenues	$	203,049		$	168,612		$	34,437		$	—
Cost of sales		56,010			46,359			9,651			—
Labor		67,770			55,808			11,962			—
Partner bonus expense, imputed		440			412			28			—
Operating		31,619			25,770			5,849			—
Occupancy		11,182			9,102			2,080			—
Restaurant operating profit		36,028			31,161			4,867			—
General & administrative		9,256			3,278			1,594			4,384
Depreciation & amortization		9,258			7,462			1,533			263
Preopening expenses		2,712			1,651			1,061			—
Partner investment expense		1,472			1,303			169			—
Income from operations		13,330			17,467			510			(4,647	)
Interest income, net and other income		530			146			3			381
Minority interest		(1,974	)		(1,723	)		(251	)		—
Income before provision for income taxes		11,886			15,890			262			(4,266	)
Provision for income taxes		(3,447	)
Net income	$	8,439
Basic net income per share	$	0.32
Diluted net income per share	$	0.31
Shares used in calculation of basic EPS		26,359
Shares used in calculation of diluted EPS		27,073

	Percentage of Revenues
	Total *			Bistro			Pei Wei
Revenues		100.0	%		100.0	%		100.0	%
Cost of sales		27.6	%		27.5	%		28.0	%
Labor		33.4	%		33.1	%		34.7	%
Partner bonus expense, imputed		0.2	%		0.2	%		0.1	%
Operating		15.6	%		15.3	%		17.0	%
Occupancy		5.5	%		5.4	%		6.0	%
Restaurant operating profit		17.7	%		18.5	%		14.1	%
General & administrative		4.6	%		1.9	%		4.6	%
Depreciation & amortization		4.6	%		4.4	%		4.5	%
Preopening expenses		1.3	%		1.0	%		3.1	%
Partner investment expense		0.7	%		0.8	%		0.5	%
Income from operations		6.6	%		10.4	%		1.5	%
Interest income, net and other income		0.3	%		0.1	%		0.0	%
Minority interest		-1.0	%		-1.0	%		-0.7	%
Income before provision for income taxes		5.9	%		9.4	%		0.8	%
Provision for income taxes		-1.7	%
Net income		4.2	%

         Certain percentage amounts do not sum to total due to rounding.

* Includes Shared Services. Beginning in fiscal year 2005, the Company began classifying certain general and administrative expenses which benefit both the Bistro and Pei Wei within Shared Services.

Page 5 of 9

P.F. Chang’s China Bistro, Inc.

Supplemental Financial Information (In thousands, except per share amounts) (Unaudited)

	39 Weeks Ended Oct 2, 2005
										Shared
	Total			Bistro			Pei Wei			Services
Revenues	$	595,319		$	498,609		$	96,710		$	—
Cost of sales		164,485			137,402			27,083			—
Labor		195,810			163,313			32,497			—
Partner bonus expense, imputed		1,376			1,284			92			—
Operating		89,617			73,901			15,716			—
Occupancy		32,223			26,450			5,773			—
Restaurant operating profit		111,808			96,259			15,549			—
General & administrative		29,407			10,420			4,802			14,185
Depreciation & amortization		25,911			21,174			4,183			554
Preopening expenses		6,542			4,160			2,382			—
Partner investment expense		3,326			2,637			689			—
Income from operations		46,622			57,868			3,493			(14,739	)
Interest income, net and other income		1,435			281			10			1,144
Minority interest		(6,426	)		(5,539	)		(887	)		—
Income before provision for income taxes		41,631			52,610			2,616			(13,595	)
Provision for income taxes		(13,114	)
Net income	$	28,517
Basic net income per share	$	1.09
Diluted net income per share	$	1.06
Shares used in calculation of basic EPS		26,232
Shares used in calculation of diluted EPS		26,981

	Percentage of Revenues
	Total			Bistro			Pei Wei
Revenues		100.0	%		100.0	%		100.0	%
Cost of sales		27.6	%		27.6	%		28.0	%
Labor		32.9	%		32.8	%		33.6	%
Partner bonus expense, imputed		0.2	%		0.3	%		0.1	%
Operating		15.1	%		14.8	%		16.3	%
Occupancy		5.4	%		5.3	%		6.0	%
Restaurant operating profit		18.8	%		19.3	%		16.1	%
General & administrative		4.9	%		2.1	%		5.0	%
Depreciation & amortization		4.4	%		4.2	%		4.3	%
Preopening expenses		1.1	%		0.8	%		2.5	%
Partner investment expense		0.6	%		0.5	%		0.7	%
Income from operations		7.8	%		11.6	%		3.6	%
Interest income, net and other income		0.2	%		0.1	%		0.0	%
Minority interest		-1.1	%		-1.1	%		-0.9	%
Income before provision for income taxes		7.0	%		10.6	%		2.7	%
Provision for income taxes		-2.2	%
Net income		4.8	%

     Certain percentage amounts do not sum to total due to rounding.

* Includes Shared Services. Beginning in fiscal year 2005, the Company began classifying certain general and administrative expenses which benefit both the Bistro and Pei Wei within Shared Services.

Page 6 of 9

P.F. Chang’s China Bistro, Inc.

Development Schedule

	P. F. Chang's China Bistro
	1Q05			2Q05		3Q05			4Q05
Units opened		2			5		5
Units under construction										6
Units in development
Units closed		(1	)				(1	)
Total new unit development		1			5		4			6
Existing units		115			116		121			125
Total units		116			121		125			131

	Pei Wei Asian Diner
	1Q05		2Q05		3Q05		4Q05
Units opened		1		7		7		3
Units under construction								6
Units in development
Total new unit development		1		7		7		9
Existing units		53		54		61		68
Total units		54		61		68		77

Page 7 of 9

P.F. Chang’s China Bistro, Inc.

2005 Forecast

	1Q05A												2Q05A												3Q05A												4Q05E												2005E
	Shared												Shared												Shared												Shared												Shared
	Bistro			Pei Wei			Svcs			Total			Bistro			Pei Wei			Svcs			Total			Bistro			Pei Wei			Svcs			Total			Bistro			Pei Wei			Svcs			Total			Bistro			Pei Wei			Svcs			Total
Store weeks		1,492			698						2,190			1,531			746						2,277			1,594			844						2,438			1,649			952						2,601			6,266			3,240						9,506
Average weekly sales (000)		109.6			43.9						88.7			108.7			42.4						87.0			105.8			40.8						83.3			106.2			40.7						82.2			107.5			41.8						85.1
Revenues (millions)		163.6			30.6			—			194.2			166.4			31.6			—			198.1			168.6			34.4			—			203.0			175.1			38.7			—			213.9			673.7			135.5			—			809.2
Restaurant operating profit		32.2			5.5			—			37.7			32.9			5.2			—			38.1			31.2			4.9			—			36.0			33.7			5.6			—			39.2			130.0			21.1			—			151.1
General & administrative		3.7			1.5			4.9			10.1			3.4			1.7			4.9			10.0			3.3			1.6			4.4			9.3			3.6			1.8			4.8			10.2			14.0			6.6			19.0			39.6
Depreciation & amortization		6.7			1.3			0.1			8.1			7.0			1.3			0.1			8.5			7.5			1.5			0.3			9.3			7.4			1.8			0.6			9.7			28.6			6.0			1.1			35.6
Preopening expenses		1.0			0.4						1.3			1.5			1.0						2.5			1.7			1.1						2.7			1.7			0.8						2.5			5.9			3.2			—			9.0
Partner investment expense		0.2			0.1						0.3			1.1			0.5						1.6			1.3			0.2						1.5			1.4			0.6						2.0			4.0			1.3			—			5.3
Other income		(0.1	)		—			(0.3	)		(0.5	)		0.0			0.0			(0.4	)		(0.4	)		(0.1	)		—			(0.4	)		(0.5	)		—			—			(0.5	)		(0.5	)		(0.2	)		0.0			(1.6	)		(1.9	)
Minority interest		1.9			0.3						2.3			1.9			0.3						2.2			1.7			0.3						2.0			1.8			0.3						2.1			7.4			1.2			—			8.6
Income (loss) before tax provision		18.8			1.9			(4.7	)		16.0			17.8			0.4			(4.6	)		13.7			15.9			0.3			(4.3	)		11.9			17.8			0.3			(4.9	)		13.2			70.4			2.9			(18.5	)		54.8
Tax provision		6.1			0.6			(1.5	)		5.2			5.8			0.1			(1.5	)		4.4			4.6			0.1			(1.2	)		3.4			5.6			0.1			(1.5	)		4.2			22.1			0.9			(5.8	)		17.2
Net income (loss)		12.7			1.3			(3.2	)		10.8			12.0			0.3			(3.1	)		9.2			11.3			0.2			(3.0	)		8.4			12.2			0.2			(3.3	)		9.0			48.2			1.9			(12.7	)		37.5
FD shares		26.9			26.9			26.9			26.9			27.0			27.0			27.0			27.0			27.1			27.1			27.1			27.1			27.1			27.1			27.1			27.1			27.0			27.0			27.0			27.0
EPS	$	0.47		$	0.05		$	(0.12	)	$	0.40		$	0.45		$	0.01		$	(0.12	)	$	0.34		$	0.42		$	0.01		$	(0.11	)	$	0.31		$	0.45		$	0.01		$	(0.12	)	$	0.33		$	1.79		$	0.07		$	(0.47	)	$	1.39
Revenues		100.0	%		100.0	%					100.0	%		100.0	%		100.0	%					100.0	%		100.0	%		100.0	%					100.0	%		100.0	%		100.0	%					100.0	%		100.0	%		100.0	%					100.0	%
Restaurant operating profit		19.7	%		18.0	%					19.4	%		19.8	%		16.4	%					19.2	%		18.5	%		14.1	%					17.7	%		19.2	%		14.3	%					18.3	%		19.3	%		15.6	%					18.7	%
General & administrative		2.3	%		5.0	%					5.2	%		2.1	%		5.3	%					5.1	%		1.9	%		4.6	%					4.6	%		2.1	%		4.7	%					4.8	%		2.1	%		4.9	%					4.9	%
Depreciation & amortization		4.1	%		4.3	%					4.2	%		4.2	%		4.2	%					4.3	%		4.4	%		4.5	%					4.6	%		4.2	%		4.6	%					4.6	%		4.2	%		4.4	%					4.4	%
Preopening expenses		0.6	%		1.2	%					0.7	%		0.9	%		3.0	%					1.3	%		1.0	%		3.1	%					1.3	%		1.0	%		2.0	%					1.2	%		0.9	%		2.3	%					1.1	%
Partner investment expense		0.1	%		0.2	%					0.1	%		0.7	%		1.4	%					0.8	%		0.8	%		0.5	%					0.7	%		0.8	%		1.5	%					0.9	%		0.6	%		0.9	%					0.7	%
Other income		-0.1	%		0.0	%					-0.2	%		0.0	%		0.0	%					-0.2	%		-0.1	%		0.0	%					-0.3	%		0.0	%		0.0	%					-0.2	%		0.0	%		0.0	%					-0.2	%
Minority interest		1.2	%		1.1	%					1.2	%		1.1	%		0.9	%					1.1	%		1.0	%		0.7	%					1.0	%		1.0	%		0.9	%					1.0	%		1.1	%		0.9	%					1.1	%
Income before tax provision		11.5	%		6.2	%					8.3	%		10.7	%		1.4	%					6.9	%		9.4	%		0.8	%					5.9	%		10.2	%		0.7	%					6.2	%		10.4	%		2.1	%					6.8	%
Tax provision		32.5	%		32.5	%					32.5	%		32.5	%		32.5	%					32.5	%		29.0	%		29.0	%					29.0	%		31.5	%		31.5	%					31.5	%		31.5	%		31.5	%					31.5	%
Net income		7.8	%		4.2	%					5.6	%		7.2	%		0.9	%					4.7	%		6.7	%		0.5	%					4.2	%		7.0	%		0.4	%					4.2	%		7.2	%		1.4	%					4.6	%

Page 8 of 9

P.F. Chang’s China Bistro, Inc.

2005 Forecast vs 2004 Actual

	1Q04			1Q05A			Change			2Q04			2Q05A			Change			3Q04			3Q05A			Change			4Q04			4Q05E			Change			2004			2005E			Change
Store weeks		1,761			2,190			24.4	%		1,896			2,277			20.1	%		1,979			2,438			23.2	%		2,295			2,601			13.3	%		7,931			9,506			19.9	%
Average weekly sales (000)		93.2			88.7			-4.8	%		89.5			87.0			-2.8	%		87.9			83.3			-5.3	%		86.8			82.2			-5.3	%		89.1			85.1			-4.5	%
Revenues (millions)		164.1			194.2			18.4	%		169.6			198.1			16.8	%		174.0			203.0			16.7	%		199.3			213.9			7.3	%		707.0			809.2			14.5	%
Restaurant operating profit		31.1			37.7						32.1			38.1						34.3			36.0						38.2			39.2						135.7			151.1
General & administrative		7.9			10.1						8.3			10.0						8.9			9.3						8.7			10.2						33.8			39.6
Depreciation & amortization		6.5			8.1						7.0			8.5						7.3			9.3						8.4			9.7						29.2			35.6
Preopening expenses		2.4			1.3						1.4			2.5						2.0			2.7						2.2			2.5						8.0			9.0
Partner investment expense		2.0			0.3						0.9			1.6						1.7			1.5						1.6			2.0						6.2			5.3
Other income		(0.1	)		(0.5	)					(0.1	)		(0.4	)					(0.1	)		(0.5	)					(0.3	)		(0.5	)					(0.6	)		(1.9	)
Minority interest		2.3			2.3						2.4			2.2						2.6			2.0						2.8			2.1						10.1			8.6
Income before tax provision		10.1			16.0						12.2			13.7						11.9			11.9						14.8			13.2						49.0			54.8
Tax provision		3.1			5.2						3.8			4.4						3.7			3.4						4.6			4.2						15.2			17.2
Net income		7.0			10.8			54.7	%		8.4			9.2			9.2	%		8.2			8.4			3.1	%		10.2			9.0			-11.2	%		33.8			37.5			11.0	%
FD shares		26.4			26.9						26.5			27.0						26.6			27.1						26.8			27.1						26.6			27.0
EPS	$	0.27		$	0.40			51.8	%	$	0.32		$	0.34			7.3	%	$	0.31		$	0.31			1.3	%	$	0.38		$	0.33			-12.3	%	$	1.27		$	1.39			9.2	%
Legal settlement (net of tax)		0.5			—						—			—						—			—						—			—						0.5			—
Prior year partner investment expense (net of tax)		7.1			—						—			—						—			—						—			—						7.1			—
Net income (loss) after special charges		(0.7	)		—						—			—						—			—						—			—						26.1			—
EPS (after special charges)	$	(0.03	)	$	0.40					$	0.32		$	0.34					$	0.31		$	0.31					$	0.38		$	0.33					$	0.98		$	1.39
Revenues		100.0	%		100.0	%					100.0	%		100.0	%					100.0	%		100.0	%					100.0	%		100.0	%					100.0	%		100.0	%
Restaurant operating profit		19.0	%		19.4	%					18.9	%		19.2	%					19.7	%		17.7	%					19.2	%		18.3	%					19.2	%		18.7	%
General & administrative		4.8	%		5.2	%					4.9	%		5.1	%					5.1	%		4.6	%					4.4	%		4.8	%					4.8	%		4.9	%
Depreciation & amortization		4.0	%		4.2	%					4.1	%		4.3	%					4.2	%		4.6	%					4.2	%		4.6	%					4.1	%		4.4	%
Preopening expenses		1.5	%		0.7	%					0.8	%		1.3	%					1.1	%		1.3	%					1.1	%		1.2	%					1.1	%		1.1	%
Partner investment expense		1.2	%		0.1	%					0.5	%		0.8	%					1.0	%		0.7	%					0.8	%		0.9	%					0.9	%		0.7	%
Other income		-0.1	%		-0.2	%					-0.1	%		-0.2	%					-0.1	%		-0.3	%					-0.2	%		-0.2	%					-0.1	%		-0.2	%
Minority interest		1.4	%		1.2	%					1.4	%		1.1	%					1.5	%		1.0	%					1.4	%		1.0	%					1.4	%		1.1	%
Income before tax provision and special charges		6.2	%		8.3	%					7.2	%		6.9	%					6.8	%		5.9	%					7.4	%		6.2	%					6.9	%		6.8	%
Tax provision before special charges		31.5	%		32.5	%					31.5	%		32.5	%					31.5	%		29.0	%					31.5	%		31.5	%					31.5	%		31.5	%
Net income before special charges		4.3	%		5.6	%					5.0	%		4.7	%					4.7	%		4.2	%					5.1	%		4.2	%					4.8	%		4.6	%

Page 9 of 9