-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DthlkEfTZM8C2l/0PibqKAun8UfQ+WTVvqrHW3h8cMDXHQKUhReHnzMCtqGiVeeL
 a9aMRiIh3Kh+tqI2FomZCA==

<SEC-DOCUMENT>9999999997-09-005452.txt : 20090305
<SEC-HEADER>9999999997-09-005452.hdr.sgml : 20090305
<ACCEPTANCE-DATETIME>20090303133223
ACCESSION NUMBER:		9999999997-09-005452
CONFORMED SUBMISSION TYPE:	CT ORDER
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090305
DATE AS OF CHANGE:		20090303
<ACTION-DATE>20090303
<RECEIVED-DATE>20090303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL SHIPHOLDING CORP
		CENTRAL INDEX KEY:			0000278041
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				362989662
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CT ORDER
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10852
		FILM NUMBER:		09650722

	BUSINESS ADDRESS:	
		STREET 1:		11 NORTH WATER STREET
		STREET 2:		SUITE # 18290
		CITY:			MOBILE
		STATE:			AL
		ZIP:			36602
		BUSINESS PHONE:		2512439100

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 2004
		CITY:			MOBILE
		STATE:			AL
		ZIP:			36652
</SEC-HEADER>
<DOCUMENT>
<TYPE>CT ORDER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C0Y(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#$T
M,#,W+T\@-3$O12`W-S,Y+TX@,2]4(#$S,#$P+T@@6R`U.38@,3@S73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HT.2`Q-0T*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.30V(#`P,#`P(&X-"C`P,#`P,#$R,3D@
M,#`P,#`@;@T*,#`P,#`P,30W,R`P,#`P,"!N#0HP,#`P,#`Q.3$V(#`P,#`P
M(&X-"C`P,#`P,#$Y-3$@,#`P,#`@;@T*,#`P,#`P,S8V-B`P,#`P,"!N#0HP
M,#`P,#`T,3`V(#`P,#`P(&X-"C`P,#`P,#0R-34@,#`P,#`@;@T*,#`P,#`P
M-CDT."`P,#`P,"!N#0HP,#`P,#`W,3DW(#`P,#`P(&X-"C`P,#`P,#<T-#`@
M,#`P,#`@;@T*,#`P,#`P-S8V,B`P,#`P,"!N#0HP,#`P,#`P-S<Y(#`P,#`P
M(&X-"C`P,#`P,#`U.38@,#`P,#`@;@T*=')A:6QE<@T*/#PO4VEZ92`V-"]0
M<F5V(#$R.3DY+UA29693=&T@-S<Y+U)O;W0@-3`@,"!2+TEN9F\@-B`P(%(O
M241;/#4W1#`U03E",T$T-C,V,#@X13-$-T5%.$9$-38V,3-$/CQ%.3$T1$4T
M1C0Q0D$Y,#0P.#!!0D$X1D(R-3<R,C(Y,SY=/CX-"G-T87)T>')E9@T*,`T*
M)25%3T8-"B`@#0HV,R`P(&]B:@T\/"],96YG=&@@.3,O0R`Y."]&:6QT97(O
M1FQA=&5$96-O9&4O22`Q,C`O3"`X,B]3(#,Y/CYS=')E86T-"GC:8F!@X&9@
M8.%A``+)"@94P`S$+`P<#0RB2(+<4,S`H,S`P[MQ!@/;!,F`HF4*UW@9=C,M
M`$LP,3`H[(70#%9`S,C`(-L"H9DMX0:Q,3`82D!$&7X`!!@`<`4*I0T*96YD
M<W1R96%M#65N9&]B:@TV,B`P(&]B:@T\/"],96YG=&@@,C`O1FEL=&5R+T9L
M871E1&5C;V1E+U=;,2`Q(#%=+TEN9&5X6S<@-#)=+T1E8V]D95!A<FUS/#PO
M0V]L=6UN<R`S+U!R961I8W1O<B`Q,CX^+U-I>F4@-#DO5'EP92]84F5F/CYS
M=')E86T-"GC:8F)B9&!B8&`<[!@@P``KS0"!#0IE;F1S=')E86T-96YD;V)J
M#34P(#`@;V)J#3P\+TUA<FM);F9O/#PO3&5T=&5R<W!A8V5&;&%G<R`P+TUA
M<FME9"!T<G5E/CXO365T861A=&$@-2`P(%(O4&EE8V5);F9O/#PO36%R:V5D
M4$1&/#PO3&%S=$UO9&EF:65D*$0Z,C`P.3`S,#,Q,S(Y,C$I/CX^/B]086=E
M<R`T(#`@4B]086=E3&%Y;W5T+T]N94-O;'5M;B]3=')U8W14<F5E4F]O="`W
M(#`@4B]4>7!E+T-A=&%L;V<O3&%N9RC^_P!%`$X`+0!5`%,I+TQA<W1-;V1I
M9FEE9"A$.C(P,#DP,S`S,3,R.3(Q*2]086=E3&%B96QS(#(@,"!2/CX-96YD
M;V)J#34Q(#`@;V)J#3P\+T-R;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`T
M(#`@4B]3=')U8W1087)E;G1S(#`O0V]N=&5N=',@-30@,"!2+U)O=&%T92`P
M+TUE9&EA0F]X6S`@,"`V,3(@-SDR72]297-O=7)C97,\/"]#;VQO<E-P86-E
M/#PO0U,P(#4S(#`@4CX^+T9O;G0\/"]45#`@-3(@,"!2+U14,2`U-2`P(%(O
M5%0R(#4V(#`@4CX^+U!R;V-3971;+U!$1B]497AT72]%>'1'4W1A=&4\/"]'
M4S`@-C$@,"!2/CX^/B]4>7!E+U!A9V4^/@UE;F1O8FH--3(@,"!O8FH-/#PO
M4W5B='EP92]4<G5E5'EP92]&;VYT1&5S8W)I<'1O<B`U."`P(%(O3&%S=$-H
M87(@,3(Q+U=I9'1H<ULR-3`@,"`P(#4P,"`P(#`@,"`P(#,S,R`S,S,@,"`P
M(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@,"`U,#`@
M-3`P(#4P,"`P(#`@,"`P(#`@,"`P(#<R,B`P(#<R,B`W,C(@-C8W(#8Q,2`W
M-S@@-S<X(#,X.2`U,#`@,"`V-C<@.30T(#<R,B`W-S@@,"`P(#<R,B`U-38@
M-C8W(#<R,B`P(#`@-S(R(#`@,"`P(#`@,"`P(#4P,"`P(#4P,"`U-38@-#0T
M(#4U-B`T-#0@,"`U,#`@-34V(#(W."`P(#`@,C<X(#`@-34V(#4P,"`U-38@
M,"`T-#0@,"`S,S,@-34V(#`@,"`P(#4P,%TO0F%S949O;G0O5&EM97-.97=2
M;VUA;E!3+4)O;&1-5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N
M8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TU,R`P(&]B:@U;+TE#0T)A<V5D
M(#4W(#`@4ET-96YD;V)J#34T(#`@;V)J#3P\+TQE;F=T:"`Q-C0T+T9I;'1E
M<B]&;&%T941E8V]D93X^<W1R96%M#0I(B:Q7:V^C1A3][E]QI7Z!*A!F>*^J
ME1P_=KUMG"HF4J6FJC",8RH"7L#-YM_WS@Q/!S95U>2#`7O./7/FWG,O-\'L
M^E?XZ:?KV\5F"09\_'BS7,#L>K$S("KQ`?^',LIFUY_PT5,YNPX"`P@$AYEF
MZ(9!/`@B:*Y>@%"Q!#^H[>GXS#4\W;,@>)[]KCQL-\%*U6QE"3M5<Y1@'O"[
MU0[4/X(OL]4M#]W1(0T=$<EPFDC\Z@4T1W<]T(A.;`AB1-^M%@_WFV##D1%R
MOET"!K.4WQ:?Y]M/XA(6=[>WF]UN<[<=#TF;D"(.Y1&UYO(%7-WQ[2ZD<AL6
MT1',*Z"&X8,:_/4&SQS@F2T>,<46;-US[?X>'I4H+PH654GV!'D1LP+BL&*Q
MZBKP)<S.8?$*Q)(!']7Q/5AM3"$8#^3IOM4G/LK5'LKMMW+[@BNANF'UN=[=
M+U?W\$G5/.5^O@TVVT\H[W8M.&F=?OS*IC(W=,OBA)#!9KG")?-?(+A?S8-;
MO!GEY%R>AR3BV`/5'K:<2?!Y!4T.X/FOZG.'^2*`NS40W^3)9HV+YKX5#>-0
M^UW5O%8U3[>-_L\W6<6*+*R2/`M3V!V3T_Z<I#$_V45>G/)"?#4*ZC>@1/>=
M/N8Z21EL<QTPA31B>"BL!HOU#Y2XIC$*18Q.0NKWH/Z<^AN':8L1#8!(`W!0
M'P%H3<M#AA5E=Q5ER\,<E#"H&G5MHY9.=90WZN&SA'_1UQ!O,RC/^V?54Y(*
MJP7"#,+3*4TB*?$YXX5T?T;MJ+77J$R!T1(W&CI+I%.PKV=6BEJ,\NR0Q"RK
M$F13%2RL>#2F:D3)*CCD!239(>]PO:[4A5L11[?0.PRYS^)9]>7>(*F`?8O2
M<XRT#T7.OX#5MV.R3ZH2#T_'\PNS^))Q8R=<08G<4Y&OHE#E$,(Z+SA/!-)^
MA@,F3PP84_H6D<;E74%8]O`[DY(!*.:-V1#G8'F<'!($VK]"=610AJT27*6J
M""-D7C`9K<,EG2)$$)?`74*^)-41#NP%CZI@,:*@/"7G=B$'3S.!:+5*D%IB
ME+TFRC4;T<'KR]`W5,FSK7U-@G7DN.'JXQG>>GSPXU016(,BZ)20Q'%=E_HW
M82G9%>Q4L!(S+I1"H-Q]1^F$=3LX5^C@ZV9[8$WI\+KI>0_>%OS$9`Y6QU"U
ME4H<877D/QU/"$M*(_![^<8S7\@KT;Z>PY1GB#B[0=U$^?,S&R-.)'%7=TE;
M(A%?@75U2+(P$S<B#N_N7?7(RN9IV,':EP4B8'M\UP5C<2[R(3^@J`/V\ZBZ
MPE;XH._TA0ZV31^5_:/ZJ%B]OM9%L&O!#;NN;>51O1)\ELG?2<D!,<0B;W/V
M\NP]G38ML6L):[%E!D=>F,W*-]9)733T0>''#/-#N&"&.93E%4_^TWF/1IB^
M0IQT22Y5%XZGE%&:EPR-2`?</<X?/$W2UROA2Y/A*>7C5WU8PKTNTD"8F:=<
M'([?P<BQ0N+T-G%0+257B9*F^0O/5_8-$[(V@)<D38';/_]!!7N&58*9F[*P
MQ`]^&:L\A_->1*?;KU7;A&.V3LS9286$B?/;*ND,[<2*)(]+*$\L$J[W86)4
MM=_.#UH=Z9T!@CC#N:MS-4F7Z'8]4XLKWP#3%9.U&*D'WHC[E]VB=CZ<&G-I
M?>Y$"[!%"W`!5TYL;&0PDCW2<GB3G-B3-]P3N7!J3Z_'7@XBCZ'(ST]'6+((
M3Y?A(7+.>ZQMDW"*:/L3_/PQX5M\FTP+3XUWC9M>O()<%+[1QN#3`A8K)]VU
M1VY5'R9X4_I?=*7FD$\W"]"VD?S[C'C;#'E;>.53,D^(^CT#K_RI38R\:O0U
MF=B$_;\G1VUL^(\S.*U?6(.`RCFU-])CF+J8Q)5EVCH:!+5]G8KPSU.<NQ<1
ML;R)4$_"W5LOEB>U;"S4[Z*YWYT'ZCRHA]!U;4L+;)[<VDO>5:Z:Z6O89HK.
M]JP6E/IU<W6<NM-<-IHKM,"B/(>9:!@Q2]D3?^EL>P\AO=H2.#V_#L_5$0-;
M.'J_3K@C]2[RI)VQ)_3QWZU,LRU>RM,%4>44)?_N59RE*'8),5*E^&%A6^(?
MOI+(NTQ^Q^1#D'<[_D$47=[5#V\D6+V\7A?)NT*"U8$._,/$04H\'-?")+V]
MM83KP*<!J6A`N(Z?-N#BEXO!1L_\PVXHEG(!NU@W2FKH1D/55\'L'P$&`'Z]
M;2X-"F5N9'-T<F5A;0UE;F1O8FH--34@,"!O8FH-/#PO4W5B='EP92]4<G5E
M5'EP92]&;VYT1&5S8W)I<'1O<B`U.2`P(%(O3&%S=$-H87(@,3(Q+U=I9'1H
M<ULR-3`@,"`P(#`@,"`P(#`@,"`S,S,@,S,S(#`@,"`R-3`@,S,S(#(U,"`P
M(#4P,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#`@-3`P(#4P,"`U,#`@,C<X(#`@
M,"`P(#`@,"`P(#<R,B`V-C<@-C8W(#<R,B`V,3$@-34V(#`@,"`S,S,@,S@Y
M(#<R,B`P(#@X.2`P(#`@,"`P(#8V-R`U-38@,"`W,C(@,"`P(#`@,"`P(#`@
M,"`P(#`@,"`P(#0T-"`U,#`@-#0T(#4P,"`T-#0@,S,S(#4P,"`U,#`@,C<X
M(#`@,"`R-S@@-S<X(#4P,"`U,#`@-3`P(#4P,"`S,S,@,S@Y(#(W."`U,#`@
M-3`P(#<R,B`U,#`@-3`P72]"87-E1F]N="]4:6UE<TYE=U)O;6%N4%--5"]&
M:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N
M=#X^#65N9&]B:@TU-B`P(&]B:@T\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$
M97-C<FEP=&]R(#8P(#`@4B],87-T0VAA<B`S,B]7:61T:'-;,C<X72]"87-E
M1F]N="]!<FEA;$U4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC
M;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#34W(#`@;V)J#3P\+TQE;F=T:"`R
M-3DX+T9I;'1E<B]&;&%T941E8V]D92].(#,O06QT97)N871E+T1E=FEC95)'
M0CX^<W1R96%M#0IHWIR6=U14UQ:'S[UW>J'-,-(9>I,N,(#T+B`=!%$89@88
MR@###$ULB*A`1!$1`460H(`!HZ%(K(AB(2BH8`]($%!B,(JHJ&1&UDI\>7GO
MY>7WQ[W?VF?O<_?9>Y^U+@`D3Q\N+P66`B"9)^`'>CC35X5'T+']``9X@`&F
M`#!9Z:F^0>[!0"0O-Q=ZNL@)_(O>#`%(_+YEZ.E/IX/_3]*L5+X``,A?Q.9L
M3CI+Q/DB3LH4I(KM,R*FQB2*&4:)F2]*4,1R8HY;Y*6??1;94<SL9!Y;Q.*<
M4]G);#'WB'A[AI`C8L1'Q`497$ZFB&^+6#-)F,P5\5MQ;#*'F0X`BB2V"SBL
M>!&;B)C$#PYT$?%R`'"DN"\XY@L6<+($XD.YI*1F\[EQ\0*Z+DN/;FIMS:![
M<C*3.`*!H3^3E<CDL^DN*<FI3%XV`(MG_BP9<6WIHB);FEI;6AJ:&9E^4:C_
MNO@W)>[M(KT*^-PSB-;WA^VO_%+J`&#,BFJSZP];S'X`.K8"('?_#YOF(0`D
M17UKO_'%>6CB>8D7"%)MC(TS,S.-N!R6D;B@O^M_.OP-??$](_%VOY>'[LJ)
M90J3!'1QW5@I22E"/CT]E<GBT`W_/,3_./"O\U@:R(GE\#D\442H:,JXO#A1
MNWELKH";PJ-S>?^IB?\P[$]:G&N1*/6?`#7*"$C=H`+DYSZ`HA`!$GE0W/7?
M^^:##P7BFQ>F.K$X]Y\%_?NN<(GXD<Z-^QSG$AA,9PGY&8MKXFL)T(``)`$5
MR`,5H`%T@2$P`U;`%C@"-[`"^(%@$`[6`A:(!\F`#S)!+M@,"D`1V`7V@DI0
M`^I!(V@!)T`'.`TN@,O@.K@)[H`'8`2,@^=@!KP!\Q`$82$R1('D(55("S*`
MS"`&9`^Y03Y0(!0.14-Q$`\20KG0%J@(*H4JH5JH$?H6.@5=@*Y"`]`]:!2:
M@GZ%WL,(3(*IL#*L#1O##-@)]H:#X35P')P&Y\#Y\$ZX`JZ#C\'M\`7X.GP'
M'H&?P[,(0(@(#5%##!$&XH+X(1%(+,)'-B"%2#E2A[0@74@O<@L90::1=R@,
MBH*BHPQ1MBA/5`B*A4I#;4`5HRI11U'MJ![4+=0H:@;U"4U&*Z$-T#9H+_0J
M=!PZ$UV`+D<WH-O0E]!WT./H-Q@,AH;1P5AA/#'AF`3,.DPQY@"F%7,>,X`9
MP\QBL5AYK`'6#NN'96(%V`+L?NPQ[#GL('8<^Q9'Q*GBS'#NN`@<#Y>'*\<U
MX<[B!G$3N'F\%%X+;X/WP[/QV?@2?#V^"W\#/XZ?)T@3=`AVA&!"`F$SH8+0
M0KA$>$AX1202U8G6Q``BE[B)6$$\3KQ"'"6^(\F0]$DNI$B2D+23=(1TGG2/
M](I,)FN3'<D19`%Y)[F1?)'\F/Q6@B)A).$EP9;8*%$ET2XQ*/%"$B^I)>DD
MN58R1[)<\J3D#<EI*;R4MI2+%%-J@U25U"FI8:E9:8JTJ;2?=+)TL723]%7I
M21FLC+:,FPQ;)E_FL,Q%F3$*0M&@N%!8E"V4>LHERC@50]6A>E$3J$74;ZC]
MU!E9&=EELJ&R6;)5LF=D1V@(39OF14NBE=!.T(9H[Y<H+W%:PEFR8TG+DL$E
M<W**<HYR'+E"N5:Y.W+OY>GR;O*)\KOE.^0?*:`4]!4"%#(5#BI<4IA6I"K:
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M-I8V`IL3-K_8&MHFVC;93B[76<Y97K]\S$[=CFE7:S=B3[>/MC]D/^*@YL!T
MJ'-XXJCAR'9L<)QPTG-*<#KF],+9Q)GOW.8\YV+CLM[EO"OBZN%:Z-KO)N,6
MXE;I]MA=W3W.O=E]QL/"8YW'>4^TI[?G;L]A+V4OEE>CU\P*JQ7K5_1XD[R#
MO"N]G_CH^_!]NGQAWQ6^>WP?KM1:R5O9X0?\O/SV^#WRU_%/\_\^`!/@'U`5
M\#30-#`WL#>($A05U!3T)M@YN"3X08ANB#"D.U0R-#*T,70NS#6L-&QDE?&J
M]:NNARN$<\,[([`1H1$-$;.KW5;O73T>:1%9$#FT1F=-UIJK:Q76)JT]$R49
MQ8PZ&8V.#HMNBO[`]&/6,6=CO&*J8V98+JQ]K.=L1W89>XICQRGE3,3:Q9;&
M3L;9Q>V)FXIWB"^/G^:Z<"NY+Q,\$VH2YA+]$H\D+B2%);4FXY*CDT_Q9'B)
MO)X4E92LE(%4@]2"U)$TF[2]:3-\;WY#.I2^)KU30!7]3/4)=85;A:,9]AE5
M&6\S0S-/9DEG\;+ZLO6S=V1/Y+CG?+T.M8ZUKCM7+7=S[NAZI_6U&Z`-,1NZ
M-VILS-\XOLECT]'-A,V)FW_(,\DKS7N])6Q+5[YR_J;\L:T>6YL+)`KX!</;
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M[ZR\,S`4,G1W.')XY"[[[N2]I'LO[V?<GW^PZ2'Z8>$CJ4?ECY4>U_VH]V/K
MB.7(F5'7T;XG04\>C+'&GO^4_M.'\?RGY*?E$ZH3C9-FDZ>GW*=N/EO];/QY
MZO/YZ8*?I7^N?J'[XKM?''_IFUDU,_Z2_W+AU^)7\J^.O%[VNGO6?_;QF^0W
M\W.%;^7?'GW'>-?[/NS]Q'SF!^R'BH]Z'[L^>7]ZN)"\L/";``,`]X3S^PH-
M"F5N9'-T<F5A;0UE;F1O8FH--3@@,"!O8FH-/#PO4W1E;58@,3,V+T9O;G1.
M86UE+U1I;65S3F5W4F]M86Y04RU";VQD350O1F]N=%-T<F5T8V@O3F]R;6%L
M+T9O;G1796EG:'0@-S`P+T9L86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT0D)O
M>%LM-34X("TS,#<@,C`P,"`Q,#(V72]!<V-E;G0@.#DQ+T9O;G1&86UI;'DH
M5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(96EG:'0@+34T-B]4
M>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH--3D@
M,"!O8FH-/#PO4W1E;58@.#(O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3350O
M1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-#`P+T9L86=S(#,T+T1E
M<V-E;G0@+3(Q-B]&;VYT0D)O>%LM-38X("TS,#<@,C`P,"`Q,#`W72]!<V-E
M;G0@.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@
M-C4V+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N
M9VQE(#`^/@UE;F1O8FH--C`@,"!O8FH-/#PO4W1E;58@.#@O1F]N=$YA;64O
M07)I86Q-5"]&;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H="`T,#`O1FQA
M9W,@,S(O1&5S8V5N="`M,C$Q+T9O;G1"0F]X6RTV-C4@+3,R-2`R,#`P(#$P
M,#9=+T%S8V5N="`Y,#4O1F]N=$9A;6EL>2A!<FEA;"DO0V%P2&5I9VAT(#<Q
M."]82&5I9VAT(#4Q-2]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE
M(#`^/@UE;F1O8FH--C$@,"!O8FH-/#PO3U!-(#$O3U`@9F%L<V4O;W`@9F%L
M<V4O5'EP92]%>'1'4W1A=&4O4T$@9F%L<V4O4TT@,"XP,CX^#65N9&]B:@TQ
M(#`@;V)J#3P\+T9I<G-T(#,R,R],96YG=&@@-S(Y+T9I;'1E<B]&;&%T941E
M8V]D92].(#0R+U1Y<&4O3V)J4W1M/CYS=')E86T-"GC:Y)1/3]M`$,7[4?;8
M'MK]Z_5:0D@A$"D*!(2#>D`]F+"D48,=;9P*OGW?[C0$6@EECU4/SN2MW_YF
M/+-VR01S3`K!*J:MQ3^F7<&D9%8@*&8U;FM66LFD8<YI)HOHQRK<R@@F2\0*
MZ]&H(2I$)YG"+:,*IN).6S&EL!4H%1%%R90!0L`'GC7P@6<=?$"4VC`%7EE"
M@^>T9AH\5SJFP:L`T>!5%AI(`6[<(@KHF!*5:XN(/"A)*0'M$`UT+*52#*6K
M6*]!"=I!*Y2$Y`8\4T*#5^#A8FF%A0;/"FCP;`$-GJU*=G3$)^BA8-?\J@F^
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M\2M^UMZW7>^Q@)\1IKA7-^V]#_OLH(XC=LQ'H7GT"?.F=*0G`SUNRG`KJ8^2
M^BC-_N$!G?O!0^\#$U]$JFZP6BY:/L39\X%?HH7/L?BO8=DOV\5%=^_Y>9C=
MT<X3_]`%_[)UC&+;/DD\TBM5]TUX=??]U,G\KV76]MW4TJ7D_\M[B"8/&)TZ
M/MR=\PD3>#_=[_=S=_@7K-A_J%XV3?"Q.]RK,KPZPVLRO$6&UV9XRPROR_!6
M.;/(&MPAD]-_'@VI#MX%L\XQFQQSD6.V.>9#!FG^:HO+25%EF)7(,<L<<\XH
M5<XHE3FXAS#GC%+EC%*5.>:<":J<">J<">J<">KW)_A+@`$`+63Q4PT*96YD
M<W1R96%M#65N9&]B:@TR(#`@;V)J#3P\+TYU;7-;,"`S(#`@4ET^/@UE;F1O
M8FH-,R`P(&]B:@T\/"]3+T0^/@UE;F1O8FH--"`P(&]B:@T\/"]#;W5N="`Q
M+U1Y<&4O4&%G97,O2VED<ULU,2`P(%)=/CX-96YD;V)J#34@,"!O8FH-/#PO
M4W5B='EP92]834PO3&5N9W1H(#0P,#`O5'EP92]-971A9&%T83X^<W1R96%M
M#0H\/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E4WI.
M5&-Z:V,Y9"(_/@H\>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O
M(B!X.GAM<'1K/2)!9&]B92!835`@0V]R92`T+C`M8S,Q-B`T-"XR-3,Y,C$L
M(%-U;B!/8W0@,#$@,C`P-B`Q-SHQ-#HS.2(^"B`@(#QR9&8Z4D1&('AM;&YS
M.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X
M+6YS(R(^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@
M("`@("`@("`@('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O
M,2XS+R(^"B`@("`@("`@(#QP9&8Z4')O9'5C97(^06-R;V)A="!$:7-T:6QL
M97(@."XQ+C`@*%=I;F1O=W,I/"]P9&8Z4')O9'5C97(^"B`@("`@(#PO<F1F
M.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(@H@("`@("`@("`@("!X;6QN<SIP9&9X/2)H='1P.B\O;G,N861O8F4N
M8V]M+W!D9G@O,2XS+R(^"B`@("`@("`@(#QP9&9X.D-O;7!A;GD^4T5#/"]P
M9&9X.D-O;7!A;GD^"B`@("`@("`@(#QP9&9X.E-O=7)C94UO9&EF:65D/D0Z
M,C`P.3`S,#,Q.#(X,CD\+W!D9G@Z4V]U<F-E36]D:69I960^"B`@("`@(#PO
M<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA
M8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIX87`](FAT='`Z+R]N<RYA9&]B
M92YC;VTO>&%P+S$N,"\B/@H@("`@("`@("`\>&%P.D-R96%T;W)4;V]L/D%C
M<F]B870@4$1&36%K97(@."XQ(&9O<B!7;W)D/"]X87`Z0W)E871O<E1O;VP^
M"B`@("`@("`@(#QX87`Z36]D:69Y1&%T93XR,#`Y+3`S+3`S5#$S.C(Y.C(Q
M+3`U.C`P/"]X87`Z36]D:69Y1&%T93X*("`@("`@("`@/'AA<#I#<F5A=&5$
M871E/C(P,#DM,#,M,#-4,3,Z,CDZ,3`M,#4Z,#`\+WAA<#I#<F5A=&5$871E
M/@H@("`@("`@("`\>&%P.DUE=&%D871A1&%T93XR,#`Y+3`S+3`S5#$S.C(Y
M.C(Q+3`U.C`P/"]X87`Z365T861A=&%$871E/@H@("`@("`\+W)D9CI$97-C
M<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*
M("`@("`@("`@("`@>&UL;G,Z>&%P34T](FAT='`Z+R]N<RYA9&]B92YC;VTO
M>&%P+S$N,"]M;2\B/@H@("`@("`@("`\>&%P34TZ1&]C=6UE;G1)1#YU=6ED
M.F,W.3=B,C8T+3DR-C0M-#%A,RUA8F,W+3@V,68X.30W-V1D,CPO>&%P34TZ
M1&]C=6UE;G1)1#X*("`@("`@("`@/'AA<$U-.DEN<W1A;F-E240^=75I9#HX
M8F-B,60U,2TR,V%C+30Y9#@M.38V9BUC8C`S,&5C.&0Y93$\+WAA<$U-.DEN
M<W1A;F-E240^"B`@("`@("`@(#QX87!-33IS=6)J96-T/@H@("`@("`@("`@
M("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3XS/"]R9&8Z;&D^
M"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]X87!-33IS=6)J
M96-T/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C
M<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z9&,](FAT
M='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT<R\Q+C$O(CX*("`@("`@("`@/&1C
M.F9O<FUA=#YA<'!L:6-A=&EO;B]P9&8\+V1C.F9O<FUA=#X*("`@("`@("`@
M/&1C.F-R96%T;W(^"B`@("`@("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@("`@
M("`@("`\<F1F.FQI/FAE<G)I;F=T/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO
M<F1F.E-E<3X*("`@("`@("`@/"]D8SIC<F5A=&]R/@H@("`@("`@("`\9&,Z
M=&ET;&4^"B`@("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@("`@("`\
M<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B/B`\+W)D9CIL:3X*("`@("`@
M("`@("`@/"]R9&8Z06QT/@H@("`@("`@("`\+V1C.G1I=&QE/@H@("`@("`\
M+W)D9CI$97-C<FEP=&EO;CX*("`@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T83X*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^#0IE
M;F1S=')E86T-96YD;V)J#38@,"!O8FH-/#PO0W)E871I;VY$871E*$0Z,C`P
M.3`S,#,Q,S(Y,3`M,#4G,#`G*2]!=71H;W(H:&5R<FEN9W0I+T-R96%T;W(H
M06-R;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B
M870@1&ES=&EL;&5R(#@N,2XP(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`P
M.3`S,#,Q,S(Y,C$M,#4G,#`G*2]#;VUP86YY*%-%0RDO4V]U<F-E36]D:69I
M960H1#HR,#`Y,#,P,S$X,C@R.2DO5&ET;&4H("D^/@UE;F1O8FH->')E9@T*
M,"`T.0T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`W-S,Y(#`P,#`P(&X-
M"C`P,#`P,#@U-C0@,#`P,#`@;@T*,#`P,#`P.#4Y."`P,#`P,"!N#0HP,#`P
M,#`X-C(R(#`P,#`P(&X-"C`P,#`P,#@V-S0@,#`P,#`@;@T*,#`P,#`Q,C<U
M,2`P,#`P,"!N#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0IT<F%I
J;&5R#0H\/"]3:7IE(#0Y/CX-"G-T87)T>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----