Oppenheimer Capital Appreciation Fund

0001193125-15-160569.txt : 20150430 0001193125-15-160569.hdr.sgml : 20150430 20150430131334 ACCESSION NUMBER: 0001193125-15-160569 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20150227 FILED AS OF DATE: 20150430 DATE AS OF CHANGE: 20150430 EFFECTIVENESS DATE: 20150430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL APPRECIATION FUND CENTRAL INDEX KEY: 0000319767 IRS NUMBER: 133054122 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03105 FILM NUMBER: 15816883 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TARGET FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TARGET FUND INC DATE OF NAME CHANGE: 19870616

0000319767 S000006959 OPPENHEIMER CAPITAL APPRECIATION FUND

C000018983 A

C000018984 B

C000018985 C

C000018986 R

C000018987 Y

C000109448 I

N-CSRS 1 d901495dncsrs.htm OPPENHEIMER CAPITAL APPRECIATION FUND Oppenheimer Capital Appreciation Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-3105

Oppenheimer Capital Appreciation Fund

(Exact name of registrant as specified in charter)

6803 South Tucson Way, Centennial, Colorado 80112-3924

(Address of principal executive offices) (Zip code)

Arthur S. Gabinet

OFI Global Asset Management, Inc.

225 Liberty Street, New York, New York 10281-1008

(Name and address of agent for service)

Registrant’s telephone number, including area code: (303) 768-3200

Date of fiscal year end: August 31

Date of reporting period: 2/27/2015

Item 1. Reports to Stockholders.


		Semiannual Report		2/28/2015




		The Right Way to Invest
		Oppenheimer Capital Appreciation Fund

Table of Contents


Fund Performance Discussion			3

Top Holdings and Allocations			5

Fund Expenses			8

Statement of Investments			10

Statement of Assets and Liabilities			13

Statement of Operations			15

Statements of Changes in Net Assets			17

Financial Highlights			18

Notes to Financial Statements			27

Board Approval of the Fund’s Investment Advisory and Sub-Advisory Agreements			39

Portfolio Proxy Voting Policies and Procedures; Updates to Statement of Investments			42

Trustees and Officers			43

Privacy Policy Notice			44

Class A Shares

AVERAGE ANNUAL TOTAL RETURNS AT 2/27/15*


	Class A Shares of the Fund
	Without Sales Charge			With Sales Charge			S&P 500 Index			Russell 1000 Growth Index
6-Month		8.73	%		2.48	%		6.12	%		8.46	%
1-Year		16.96			10.23			15.51			16.24
5-Year		14.38			13.03			16.18			17.21
10-Year		6.78			6.15			7.99			9.28

* February 27, 2015, was the last business day of the Fund’s semiannual period. See Note 2 of the accompanying Notes to Financial Statements. Index returns are calculated through February 28, 2015.

2 OPPENHEIMER CAPITAL APPRECIATION FUND

Fund Performance Discussion

The Fund’s Class A shares (without sales charge) produced a return of 8.73% during the reporting period, outperforming the Russell 1000 Growth Index (the “Index”), which returned 8.46%. The Fund outperformed the Index largely due to stronger relative stock selection in the information technology and health care sectors, along with an underweight position in energy, which was by far the worst performing sector in the Index during the reporting period. The Fund’s overweight position in health care also had a positive impact on the relative performance in that sector. Detractors from relative performance included consumer discretionary and industrials, where less favorable stock selection drove the underperformance.

MARKET OVERVIEW

While domestic equity as an asset class performed well in 2014, the ride throughout the year was anything but smooth, with markets experiencing volatility over the second half of 2014 and the beginning of 2015. Macro influences, including the strengthening dollar, flattening yield curve, and tumbling oil price, played a role in determining which equities out- or underperformed. Accommodation by the Federal Reserve (the “Fed”), which officially ended its bond-buying stimulus program in October, helped to fuel demand for high-dividend paying stocks, while a step-up in merger and acquisition activity — spurred on by the desire to relocate to advantageous low tax jurisdictions — boosted stocks primarily in the health care sector. But not all was rosy. The strengthening U.S. dollar proved a headwind, especially for multi-national companies where translation from local currencies to the U.S. dollar negatively impacted the bottom line. Consequently, stocks with international revenues broadly underperformed stocks with mostly domestic

exposure. Energy was also hit hard due to plummeting commodity prices in an environment of sluggish global economic growth and intensifying geopolitical tensions.

Geopolitical risks, including those concentrated in Ukraine and the ever-present turmoil in the Middle East, caused investors to fret and resulted in, at times, quite the roller coaster ride. Add to this the fact that growth outside of the U.S. was anemic, at best, leading investors to worry intermittently about the global outlook and its impact on domestic stocks. These issues caused volatility on a number of occasions throughout the reporting period.

FUND REVIEW

Top contributors to performance this reporting period included information technology stock Apple, Inc., and health care stocks Biogen Idec, Inc. and Valeant Pharmaceuticals International, Inc. Apple benefited from the introduction of two new iPhones and the expected launch of a new

3 OPPENHEIMER CAPITAL APPRECIATION FUND

Apple Watch product. The company also rallied in late January on the back of record iPhone sales. Biogen Idec is a global biotechnology company that reported strong fourth quarter earnings, with positive sales results from its multiple-sclerosis drugs Tecfidera and Tysabri. Biogen Idec’s experimental Alzheimer’s drug also showed promising results in an early stage trial and the company moved the drug to Phase III trials. Valeant Pharmaceuticals is a specialty pharmaceutical company whose shares rallied after announcing plans to acquire gastrointestinal drug maker Salix Pharmaceuticals Ltd. in an all cash deal.

Detractors from performance included energy stocks Cameron International Corp. and Halliburton Co., in addition to consumer discretionary stock Tiffany & Co. Cameron International is a drilling equipment manufacturer that fell on weakness in the energy sector and a negative outlook on subsea drilling orders in upcoming years. We exited our position in Cameron International during the reporting period. Halliburton, the

world’s largest provider of fracking services, was also negatively impacted by the fall in oil prices. Shares of fine jewelry company Tiffany & Co. fell early in 2015 after the company cut its annual forecast due to a slower than expected holiday season combined with unfavorable foreign exchange exposure and global macro headwinds.

STRATEGY & OUTLOOK

The relative attractiveness of the U.S. economy, and those equities exposed to it, continue to shine, with slowly improving employment, stable to improving consumption rates and a strengthening dollar. Perhaps the greatest risk we see in the near term is the translation effect of overseas income into dollars, but these periods of dollar strength also correlate well with rising valuations in the U.S. financial markets. We continue to believe that companies with capital discipline, strong management and sustainable competitive advantages have the greatest prospects for outperformance over time.


		Michael Kotlarz Portfolio Manager

4 OPPENHEIMER CAPITAL APPRECIATION FUND

Top Holdings and Allocations*

TOP TEN COMMON STOCK HOLDINGS


Apple, Inc.	5.4	%
Biogen Idec, Inc.	5.1
Facebook, Inc., Cl. A	4.2
Gilead Sciences, Inc.	3.9
Actavis plc	3.9
LinkedIn Corp., Cl. A	3.7
Celgene Corp.	2.9
MasterCard, Inc., Cl. A	2.9
Visa, Inc., Cl. A	2.7
Twenty-First Century Fox, Inc., Cl. B	2.4

Portfolio holdings and allocations are subject to change. Percentages are as of February 27, 2015, and are based on net assets. For more current Fund holdings, please visit oppenheimerfunds.com.

TOP TEN COMMON STOCK INDUSTRIES


Biotechnology	12.2	%
Internet Software & Services	9.2
Pharmaceuticals	8.3
Technology Hardware, Storage & Peripherals	8.2
IT Services	6.7
Software	5.8
Media	5.2
Food & Staples Retailing	4.2
Machinery	3.8
Capital Markets	3.3

Portfolio holdings and allocations are subject to change. Percentages are as of February 27, 2015, and are based on net assets.

SECTOR ALLOCATION

LOGO

Portfolio holdings and allocations are subject to change. Percentages are as of February 27, 2015, and are based on the total market value of common stocks.

* February 27, 2015, was the last business day of the Fund’s semiannual period. See Note 2 of the accompanying Notes to Financial Statements.

5 OPPENHEIMER CAPITAL APPRECIATION FUND

Share Class Performance

AVERAGE ANNUAL TOTAL RETURNS WITHOUT SALES CHARGE AS OF 2/27/15


	Inception Date	6-Month	1-Year	5-Year		10-Year
Class A (OPTFX)	1/22/81	8.73%	16.96%	14.38%		6.78%
Class B (OTGBX)	11/1/95	8.32%	16.06%	13.43%		6.27%
Class C (OTFCX)	12/1/93	8.34%	16.08%	13.49%		5.97%
Class I (OPTIX)	12/29/11	8.96%	17.47%	20.25%	*	N/A
Class R (OTCNX)	3/1/01	8.59%	16.67%	14.07%		6.49%
Class Y (OTCYX)	11/3/97	8.87%	17.25%	14.79%		7.18%

AVERAGE ANNUAL TOTAL RETURNS WITH SALES CHARGE AS OF 2/27/15


	Inception Date	6-Month	1-Year	5-Year		10-Year
Class A (OPTFX)	1/22/81	2.48%	10.23%	13.03%		6.15%
Class B (OTGBX)	11/1/95	3.78%	11.20%	13.19%		6.27%
Class C (OTFCX)	12/1/93	7.43%	15.11%	13.49%		5.97%
Class I (OPTIX)	12/29/11	8.96%	17.47%	20.25%	*	N/A
Class R (OTCNX)	3/1/01	7.66%	15.67%	14.07%		6.49%
Class Y (OTCYX)	11/3/97	8.87%	17.25%	14.79%		7.18%

* Shows performance since inception.

Performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns do not consider capital gains or income taxes on an individual’s investment. For performance data current to the most recent month-end, visit oppenheimerfunds.com or call 1.800.CALL OPP (225.5677). Fund returns include changes in share price, reinvested distributions, and the applicable sales charge: for Class A shares, the current maximum initial sales charge of 5.75%; for Class B shares, the contingent deferred sales charge (“CDSC”) of 5% (1-year) and 2% (5-year); and for Class C shares, the 1% CDSC for the 1-year period. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14). There is no sales charge for Class I and Y shares. Because Class B shares convert to Class A shares 72 months after purchase, 10-year returns for Class B shares reflect Class A performance for the period after conversion. Returns for periods of less than one year are cumulative and not annualized.

The Fund’s performance is compared to the performance of the S&P 500 Index and the Russell 1000 Growth Index. The S&P 500 Index is a broad-based measure of domestic stock performance. The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Indices are unmanaged and cannot be purchased directly by investors. While index comparisons may be useful to

6 OPPENHEIMER CAPITAL APPRECIATION FUND

provide a benchmark for the Fund’s performance, it must be noted that the Fund’s investments are not limited to the investments comprising the Index. Index performance includes reinvestment of income, but does not reflect transaction costs, fees, expenses or taxes. Index performance is shown for illustrative purposes only as a benchmark for the Fund’s performance, and does not predict or depict performance of the Fund. The Fund’s performance reflects the effects of the Fund’s business and operating expenses.

The Fund’s investment strategy and focus can change over time. The mention of specific fund holdings does not constitute a recommendation by OppenheimerFunds, Inc. or its affiliates.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

7 OPPENHEIMER CAPITAL APPRECIATION FUND

Fund Expenses

Fund Expenses. As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments, contingent deferred sales charges on redemptions; and (2) ongoing costs, including management fees; distribution and service fees; and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The examples are based on an investment of $1,000.00 invested at the beginning of the period and held for the entire 6-month period ended February 27, 2015.

Actual Expenses. The first section of the table provides information about actual account values and actual expenses. You may use the information in this section for the class of shares you hold, together with the amount you invested, to estimate the expense that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600.00 account value divided by $1,000.00 = 8.60), then multiply the result by the number in the first section under the heading entitled “Expenses Paid During 6 Months Ended February 27, 2015” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes. The second section of the table provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio for each class of shares, and an assumed rate of return of 5% per year for each class before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example for the class of shares you hold with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as front-end or contingent deferred sales charges (loads). Therefore, the “hypothetical” section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

8 OPPENHEIMER CAPITAL APPRECIATION FUND


Actual	Beginning Account Value September 1, 2014		Ending Account Value February 27, 2015		Expenses Paid During 6 Months Ended February 27, 2015
Class A	$	1,000.00	$	1,087.30	$	5.42
Class B		1,000.00		1,083.20		9.34
Class C		1,000.00		1,083.40		9.34
Class I		1,000.00		1,089.60		3.20
Class R		1,000.00		1,085.90		6.71
Class Y		1,000.00		1,088.70		4.18

Hypothetical
(5% return before expenses)
Class A		1,000.00		1,019.48		5.24
Class B		1,000.00		1,015.73		9.04
Class C		1,000.00		1,015.73		9.04
Class I		1,000.00		1,021.60		3.10
Class R		1,000.00		1,018.25		6.49
Class Y		1,000.00		1,020.66		4.04

Expenses are equal to the Fund’s annualized expense ratio for that class, multiplied by the average account value over the period, multiplied by 180/365 (to reflect the one-half year period). Those annualized expense ratios, excluding indirect expenses from affiliated funds, based on the 6-month period ended February 27, 2015 are as follows:


Class	Expense Ratios
Class A		1.05%
Class B		1.81
Class C		1.81
Class I		0.62
Class R		1.30
Class Y		0.81

The expense ratios reflect voluntary and/or contractual waivers and/or reimbursements of expenses by the Fund’s Manager. Some of these undertakings may be modified or terminated at any time, as indicated in the Fund’s prospectus. The “Financial Highlights” tables in the Fund’s financial statements, included in this report, also show the gross expense ratios, without such waivers or reimbursements and reduction to custodian expenses, if applicable.

9 OPPENHEIMER CAPITAL APPRECIATION FUND

STATEMENT OF INVESTMENTS February 27, 2015* Unaudited


	Shares		Value

Common Stocks—98.8%

Consumer Discretionary—19.1%

Auto Components—0.5%
Magna International, Inc.		248,110	$	27,034,066

Hotels, Restaurants & Leisure—2.2%
Chipotle Mexican Grill, Inc., Cl. A¹		85,240		56,682,043

Dunkin’ Brands Group, Inc.		1,384,960		64,899,225

				121,581,268

Household Durables—1.3%
Harman International Industries, Inc.		538,110		74,253,799

Internet & Catalog Retail—1.4%
Amazon.com, Inc.¹		17,160		6,523,546

TripAdvisor, Inc.¹		771,210		68,830,492

				75,354,038

Media—5.2%
Time Warner, Inc.		1,321,269		108,159,080

Twenty-First Century Fox, Inc., Cl. B		3,951,630		134,513,485

Walt Disney Co. (The)		401,044		41,740,660

				284,413,225

Multiline Retail—2.8%
Dollar Tree, Inc.¹		706,550		56,297,904

Macy’s, Inc.		1,569,970		100,038,488

				156,336,392

Specialty Retail—2.7%
Tiffany & Co.		243,628		21,492,862

TJX Cos., Inc. (The)		1,856,892		127,457,067

				148,949,929

Textiles, Apparel & Luxury Goods—3.0%
NIKE, Inc., Cl. B		351,756		34,162,543

Ralph Lauren Corp., Cl. A		163,520		22,469,283

VF Corp.		1,433,000		109,853,780

				166,485,606

Consumer Staples—7.1%

Beverages—1.7%
Brown-Forman Corp., Cl. B		325,990		29,890,023

Constellation Brands, Inc., Cl. A¹		47,020		5,394,135


	Shares		Value

Beverages (Continued)
SABMiller plc		1,044,930	$	59,211,076

				94,495,234

Food & Staples Retailing—4.2%
Costco Wholesale Corp.		855,545		125,730,893

CVS Health Corp.		996,700		103,527,229

				229,258,122

Food Products—1.2%
Hershey Co. (The)		644,300		66,865,454

Energy—1.7%

Energy Equipment & Services—0.4%
Halliburton Co.		526,690		22,616,069

Oil, Gas & Consumable Fuels—1.3%
Antero Resources Corp.¹		380,150		14,996,917

Cimarex Energy Co.		102,120		11,200,522

EOG Resources, Inc.		302,970		27,182,468

Pioneer Natural Resources Co.		110,190		16,806,179

				70,186,086

Financials—4.6%

Capital Markets—3.3%
Ameriprise Financial, Inc.		326,040		43,568,725

Charles Schwab Corp. (The)		3,227,510		94,695,143

Invesco Ltd.		1,109,750		44,689,633

				182,953,501

Insurance—1.3%
Aon plc		707,950		71,049,862

Health Care—23.9%

Biotechnology—12.2%
Biogen Idec, Inc.¹		685,080		280,601,917

Celgene Corp.¹		1,341,892		163,080,135

Gilead Sciences, Inc.¹		2,066,860		213,982,016

Vertex Pharmaceuticals, Inc.¹		131,220		15,671,605

				673,335,673

Health Care Equipment & Supplies—1.3%
Hologic, Inc.¹		706,970		22,891,689

Medtronic plc		141,290		10,962,691

10 OPPENHEIMER CAPITAL APPRECIATION FUND


	Shares		Value

Health Care Equipment & Supplies (Continued)

ResMed, Inc.		606,990	$	39,065,876

				72,920,256

Life Sciences Tools & Services—2.1%
Illumina, Inc.¹		473,570		92,563,992

Thermo Fisher Scientific, Inc.		187,690		24,399,700

				116,963,692

Pharmaceuticals—8.3%
Actavis plc¹		732,960		213,555,225

Bristol-Myers Squibb Co.		1,438,663		87,643,350

Perrigo Co. plc		476,270		73,569,427

Valeant Pharmaceuticals International, Inc.¹		417,033		82,355,677

				457,123,679

Industrials—10.0%

Aerospace & Defense—0.8%
Raytheon Co.		401,060		43,623,296

Airlines—1.0%
Delta Air Lines, Inc.		1,296,560		57,722,851

Building Products—0.6%
Allegion plc		545,553		31,494,775

Commercial Services & Supplies—2.1%
Cintas Corp.		718,760		60,002,085

Tyco International plc		1,321,220		55,781,908

				115,783,993

Machinery—3.8%
Ingersoll-Rand plc		321,500		21,601,585

Pall Corp.		804,440		81,095,597

Parker-Hannifin Corp.		665,490		81,648,968

Pentair plc		419,290		27,870,206

				212,216,356

Road & Rail—1.2%
Canadian Pacific Railway Ltd.		349,400		65,554,428

Trading Companies & Distributors—0.5%
United Rentals, Inc.¹		313,040		29,131,503


	Shares		Value

Information Technology—31.5%

Communications Equipment—1.6%
Cisco Systems, Inc.		3,007,900	$	88,763,129

Internet Software & Services—9.2%
Alibaba Group Holding Ltd., Sponsored ADR¹		289,100		24,608,192

Facebook, Inc., Cl. A¹		2,963,400		234,019,698

Google, Inc., Cl. A¹		78,427		44,125,383

LinkedIn Corp., Cl. A¹		765,085		204,430,712

				507,183,985

IT Services—6.7%
Computer Sciences Corp.		894,920		63,467,726

MasterCard, Inc., Cl. A		1,759,350		158,570,216

Visa, Inc., Cl. A		547,669		148,588,076

				370,626,018

Software—5.8%
Microsoft Corp.		676,800		29,677,680

Oracle Corp.		2,999,290		131,428,888

ServiceNow, Inc.¹		715,260		54,545,727

Splunk, Inc.¹		536,040		36,048,690

Workday, Inc., Cl. A¹		805,860		68,901,030

				320,602,015

Technology Hardware, Storage & Peripherals— 8.2%
Apple, Inc.		2,306,728		296,322,279

EMC Corp.		3,253,090		94,144,425

Western Digital Corp.		576,240		61,646,155

				452,112,859

Materials—0.9%

Chemicals—0.9%
Sherwin-Williams Co. (The)		173,100		49,368,120

Total Common Stocks (Cost $3,885,793,903)				5,456,359,279

11 OPPENHEIMER CAPITAL APPRECIATION FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Shares		Value

Investment Company—0.7%

Oppenheimer Institutional Money Market Fund, Cl. E, 0.11%^2,3 (Cost $35,945,126)		35,945,126	$	35,945,126

Total Investments, at Value (Cost $3,921,739,029)		99.5%		5,492,304,405

Net Other Assets (Liabilities)		0.5		28,787,422

Net Assets		100.0%	$	5,521,091,827

Footnotes to Statement of Investments

* February 27, 2015 represents the last business day of the Fund’s reporting period. See Note 2 of the accompanying Notes.

1. Non-income producing security.

2. Rate shown is the 7-day yield as of February 27, 2015.

3. Is or was an affiliate, as defined in the Investment Company Act of 1940, as amended, at or during the period ended February 27, 2015, by virtue of the Fund owning at least 5% of the voting securities of the issuer or as a result of the Fund and the issuer having the same investment adviser. Transactions during the period in which the issuer was an affiliate are as follows:


	Shares August 29, 2014^a		Gross Additions		Gross Reductions		Shares February 27, 2015

Oppenheimer Institutional Money Market Fund, Cl. E		58,032,838		424,280,053		446,367,765		35,945,126



	Value		Income

Oppenheimer Institutional Money Market Fund, Cl. E	$	35,945,126	$	27,273

a. August 29, 2014 represents the last business day of the Fund’s reporting period. See Note 2 of the accompanying Notes.

See accompanying Notes to Financial Statements.

12 OPPENHEIMER CAPITAL APPRECIATION FUND

STATEMENT OF ASSETS AND LIABILITIES February 27, 2015¹ Unaudited



Assets
Investments, at value—see accompanying statement of investments:
Unaffiliated companies (cost $3,885,793,903)	$	5,456,359,279
Affiliated companies (cost $35,945,126)		35,945,126

		5,492,304,405

Cash		4,999,889

Receivables and other assets:
Investments sold		73,439,701
Dividends		4,013,884
Shares of beneficial interest sold		1,704,639
Other		773,611

Total assets		5,577,236,129

Liabilities
Payables and other liabilities:
Investments purchased		49,461,703
Shares of beneficial interest redeemed		4,187,207
Trustees’ compensation		1,599,632
Distribution and service plan fees		836,311
Shareholder communications		15,745
Other		43,704

Total liabilities		56,144,302

Net Assets	$	5,521,091,827



Composition of Net Assets
Par value of shares of beneficial interest	$	89,637

Additional paid-in capital		3,595,816,175

Accumulated net investment loss		(1,869,872)

Accumulated net realized gain on investments and foreign currency transactions		356,529,340

Net unrealized appreciation on investments and translation of assets and liabilities denominated in foreign currencies		1,570,526,547

Net Assets	$	5,521,091,827

13 OPPENHEIMER CAPITAL APPRECIATION FUND

STATEMENT OF ASSETS AND LIABILITIES Unaudited / Continued



Net Asset Value Per Share
Class A Shares:
Net asset value and redemption price per share (based on net assets of $3,623,903,613 and 58,270,642 shares of beneficial interest outstanding)	$	62.19
Maximum offering price per share (net asset value plus sales charge of 5.75% of offering price)	$	65.98

Class B Shares:
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $109,635,547 and 2,118,571 shares of beneficial interest outstanding)	$	51.75

Class C Shares:
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $465,256,700 and 9,052,432 shares of beneficial interest outstanding)	$	51.40

Class I Shares:
Net asset value, redemption price and offering price per share (based on net assets of $1,075,355,513 and 16,298,413 shares of beneficial interest outstanding)	$	65.98

Class R Shares:
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $97,144,901 and 1,623,736 shares of beneficial interest outstanding)	$	59.83

Class Y Shares:
Net asset value, redemption price and offering price per share (based on net assets of $149,795,553 and 2,273,330 shares of beneficial interest outstanding)	$	65.89

1. February 27, 2015 represents the last business day of the Fund’s reporting period. See Note 2 of the accompanying Notes.

See accompanying Notes to Financial Statements.

14 OPPENHEIMER CAPITAL APPRECIATION FUND


STATEMENT OF
OPERATIONS		For the Six Months Ended February 27, 2015¹ Unaudited



Investment Income
Dividends:
Unaffiliated companies (net of foreign withholding taxes of $55,573)	$	27,112,878
Affiliated companies		27,273

Interest		762

Total investment income		27,140,913

Expenses
Management fees		15,277,726

Distribution and service plan fees:
Class A		3,942,009
Class B		565,181
Class C		2,129,001
Class R		226,860

Transfer and shareholder servicing agent fees:
Class A		3,733,448
Class B		125,123
Class C		470,980
Class I		153,241
Class R		101,727
Class Y		156,055

Shareholder communications:
Class A		29,390
Class B		3,315
Class C		3,985
Class I		68
Class R		741
Class Y		218

Trustees’ compensation		41,441

Custodian fees and expenses		16,651

Other		56,507

Total expenses		27,033,667
Less reduction to custodian expenses		(1,191)
Less waivers and reimbursements of expenses		(28,545)

Net expenses		27,003,931

Net Investment Income		136,982

15 OPPENHEIMER CAPITAL APPRECIATION FUND

STATEMENT OF OPERATIONS Unaudited / Continued



Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investments from unaffiliated companies	$	429,001,911
Foreign currency transactions		(58,241)

Net realized gain		428,943,670

Net change in unrealized appreciation/depreciation on:
Investments		25,138,172
Translation of assets and liabilities denominated in foreign currencies		(5,883,461)

Net change in unrealized appreciation/depreciation		19,254,711

Net Increase in Net Assets Resulting from Operations	$	448,335,363

1. February 27, 2015 represents the last business day of the Fund’s reporting period. See Note 2 of the accompanying Notes.

See accompanying Notes to Financial Statements.

16 OPPENHEIMER CAPITAL APPRECIATION FUND

STATEMENTS OF CHANGES IN NET ASSETS


	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹

Operations
Net investment income (loss)	$	136,982	$	(2,000,385)

Net realized gain		428,943,670		939,917,622

Net change in unrealized appreciation/depreciation		19,254,711		289,624,319

Net increase in net assets resulting from operations		448,335,363		1,227,541,556

Dividends and/or Distributions to Shareholders
Dividends from net investment income:
Class A		—		(1,203,395)
Class B		—		—
Class C		—		—
Class I		—		(4,185,120)
Class R²		—		—
Class Y		—		(937,902)

		—		(6,326,417)

Distributions from net realized gain:
Class A		(485,931,635)		(132,893,015)
Class B		(18,559,273)		(7,081,230)
Class C		(71,858,297)		(19,215,294)
Class I		(138,151,134)		(37,225,264)
Class R²		(13,599,300)		(4,208,661)
Class Y		(19,747,057)		(15,709,886)

		(747,846,696)		(216,333,350)

Beneficial Interest Transactions
Net increase (decrease) in net assets resulting from beneficial interest transactions:
Class A		418,984,864		(133,386,179)
Class B		(8,142,335)		(41,576,166)
Class C		75,650,746		(11,748,843)
Class I		95,849,179		(1,322,436)
Class R²		7,533,082		(16,005,899)
Class Y		(28,065,297)		(220,610,295)

		561,810,239		(424,649,818)

Net Assets
Total increase		262,298,906		580,231,971

Beginning of period		5,258,792,921		4,678,560,950


End of period (including accumulated net investment loss of $1,869,872 and $2,006,854, respectively)	$	5,521,091,827	$	5,258,792,921

1. February 27, 2015 and August 29, 2014 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. Effective July 1, 2014, Class N shares were renamed Class R. See Note 1 of the accompanying Notes.

See accompanying Notes to Financial Statements.

17 OPPENHEIMER CAPITAL APPRECIATION FUND

FINANCIAL HIGHLIGHTS


Class A	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹		Year Ended August 30, 2013¹		Year Ended August 31, 2012		Year Ended August 31, 2011		Year Ended August 31, 2010

Per Share Operating Data
Net asset value, beginning of period	$	66.40	$	54.14	$	48.38	$	42.66	$	35.63	$	35.42

Income (loss) from investment operations:
Net investment income (loss)²		0.00		(0.03)		0.27		0.13		0.07		(0.05)
Net realized and unrealized gain		5.35		14.86		5.79		5.66		6.96		0.26

Total from investment operations		5.35		14.83		6.06		5.79		7.03		0.21

Dividends and/or distributions to shareholders:
Dividends from net investment income		0.00		(0.02)		(0.30)		(0.07)		0.00		0.00
Distributions from net realized gain		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Total dividends and/or distributions to shareholders		(9.56)		(2.57)		(0.30)		(0.07)		0.00		0.00

Net asset value, end of period	$	62.19	$	66.40	$	54.14	$	48.38	$	42.66	$	35.63



Total Return, at Net Asset Value³		8.73%		28.09%		12.61%		13.61%		19.73%		0.59%



Ratios/Supplemental Data
Net assets, end of period (in thousands)	$	3,623,904	$	3,397,665	$	2,886,673	$	2,945,709	$	2,942,695	$	3,109,737

Average net assets (in thousands)	$	3,424,274	$	3,171,028	$	2,929,516	$	2,918,247	$	3,466,080	$	3,621,517

Ratios to average net assets:⁴
Net investment income (loss)		0.00%		(0.05)%		0.53%		0.28%		0.16%		(0.14)%
Total expenses⁵		1.05%		1.05%		1.11%		1.13%		1.15%		1.19%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		1.05%		1.05%		1.11%		1.13%		1.15%		1.19%

Portfolio turnover rate		29%		67%		61%		26%		30%		63%

18 OPPENHEIMER CAPITAL APPRECIATION FUND

FINANCIAL HIGHLIGHTS Continued

1. February 27, 2015, August 29, 2014 and August 30, 2013 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns do not include adjustments in accordance with generally accepted accounting principles required at the period end for financial reporting purposes.

4. Annualized for periods less than one full year.

5. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:


Six Months Ended February 27, 2015	1.05	%
Year Ended August 29, 2014	1.05	%
Year Ended August 30, 2013	1.11	%
Year Ended August 31, 2012	1.13	%
Year Ended August 31, 2011	1.15	%
Year Ended August 31, 2010	1.19	%

See accompanying Notes to Financial Statements.

19 OPPENHEIMER CAPITAL APPRECIATION FUND

FINANCIAL HIGHLIGHTS Continued


Class B	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹		Year Ended August 30, 2013¹		Year Ended August 31, 2012		Year Ended August 31, 2011		Year Ended August 31, 2010

Per Share Operating Data
Net asset value, beginning of period	$	57.00	$	47.12	$	42.20	$	37.46	$	31.57	$	31.64

Income (loss) from investment operations:
Net investment loss²		(0.21)		(0.42)		(0.13)		(0.22)		(0.27)		(0.33)
Net realized and unrealized gain		4.52		12.85		5.05		4.96		6.16		0.26

Total from investment operations		4.31		12.43		4.92		4.74		5.89		(0.07)

Dividends and/or distributions to shareholders:
Dividends from net investment income		0.00		0.00		0.00		0.00		0.00		0.00
Distributions from net realized gain		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Total dividends and/or distributions to shareholders		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Net asset value, end of period	$	51.75	$	57.00	$	47.12	$	42.20	$	37.46	$	31.57



Total Return, at Net Asset Value³		8.32%		27.13%		11.66%		12.65%		18.66%		(0.22)%



Ratios/Supplemental Data
Net assets, end of period (in thousands)	$	109,635	$	127,565	$	143,066	$	183,302	$	214,595	$	263,009

Average net assets (in thousands)	$	114,757	$	137,376	$	161,182	$	198,133	$	270,227	$	328,873

Ratios to average net assets:⁴
Net investment loss		(0.78)%		(0.81)%		(0.29)%		(0.57)%		(0.71)%		(0.95)%
Total expenses⁵		1.81%		1.81%		2.09%		2.17%		2.19%		2.24%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		1.81%		1.81%		1.95%		1.97%		2.02%		2.01%

Portfolio turnover rate		29%		67%		61%		26%		30%		63%

20 OPPENHEIMER CAPITAL APPRECIATION FUND

1. February 27, 2015, August 29, 2014 and August 30, 2013 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. Per share amounts calculated based on the average shares outstanding during the period.

4. Annualized for periods less than one full year.

5. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:


Six Months Ended February 27, 2015	1.81	%
Year Ended August 29, 2014	1.81	%
Year Ended August 30, 2013	2.09	%
Year Ended August 31, 2012	2.17	%
Year Ended August 31, 2011	2.19	%
Year Ended August 31, 2010	2.24	%

See accompanying Notes to Financial Statements.

21 OPPENHEIMER CAPITAL APPRECIATION FUND

FINANCIAL HIGHLIGHTS Continued


Class C	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹		Year Ended August 30, 2013¹		Year Ended August 31, 2012		Year Ended August 31, 2011		Year Ended August 31, 2010

Per Share Operating Data
Net asset value, beginning of period	$	56.67	$	46.87	$	41.95	$	37.22	$	31.33	$	31.39

Income (loss) from investment operations:
Net investment loss²		(0.20)		(0.42)		(0.11)		(0.20)		(0.24)		(0.31)
Net realized and unrealized gain		4.49		12.77		5.03		4.93		6.13		0.25

Total from investment operations		4.29		12.35		4.92		4.73		5.89		(0.06)

Dividends and/or distributions to shareholders:
Dividends from net investment income		0.00		0.00		0.00		0.00		0.00		0.00
Distributions from net realized gain		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Total dividends and/or distributions to shareholders		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Net asset value, end of period	$	51.40	$	56.67	$	46.87	$	41.95	$	37.22	$	31.33



Total Return, at Net Asset Value³		8.34%		27.11%		11.73%		12.71%		18.80%		(0.19)%



Ratios/Supplemental Data
Net assets, end of period (in thousands)	$	465,257	$	425,871	$	362,314	$	369,379	$	385,530	$	390,864

Average net assets (in thousands)	$	432,014	$	398,019	$	364,712	$	372,103	$	433,187	$	455,897

Ratios to average net assets:⁴
Net investment loss		(0.76)%		(0.81)%		(0.25)%		(0.52)%		(0.62)%		(0.91)%
Total expenses⁵		1.81%		1.81%		1.89%		1.93%		1.93%		1.97%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		1.81%		1.81%		1.89%		1.93%		1.93%		1.96%

Portfolio turnover rate		29%		67%		61%		26%		30%		63%

1. February 27, 2015, August 29, 2014 and August 30, 2013 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. Per share amounts calculated based on the average shares outstanding during the period.

4. Annualized for periods less than one full year.

5. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:


Six Months Ended February 27, 2015	1.81	%
Year Ended August 29, 2014	1.81	%
Year Ended August 30, 2013	1.89	%
Year Ended August 31, 2012	1.93	%
Year Ended August 31, 2011	1.93	%
Year Ended August 31, 2010	1.97	%

See accompanying Notes to Financial Statements.

22 OPPENHEIMER CAPITAL APPRECIATION FUND


Class I	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹		Year Ended August 30, 2013¹		Period Ended August 31, 2012²

Per Share Operating Data
Net asset value, beginning of period	$	69.75	$	56.75	$	50.71	$	44.87

Income (loss) from investment operations:
Net investment income³		0.14		0.24		0.28		0.28
Net realized and unrealized gain		5.65		15.60		6.31		5.56

Total from investment operations		5.79		15.84		6.59		5.84

Dividends and/or distributions to shareholders:
Dividends from net investment income		0.00		(0.29)		(0.55)		0.00
Distributions from net realized gain		(9.56)		(2.55)		0.00		0.00

Total dividends and/or distributions to shareholders		(9.56)		(2.84)		(0.55)		0.00

Net asset value, end of period	$	65.98	$	69.75	$	56.75	$	50.71



Total Return, at Net Asset Value⁴		8.96%		28.63%		13.14%		13.02%



Ratios/Supplemental Data
Net assets, end of period (in thousands)	$	1,075,355	$	1,026,931	$	835,858	$	12

Average net assets (in thousands)	$	1,030,645	$	944,683	$	167,432	$	11

Ratios to average net assets:⁵
Net investment income		0.42%		0.38%		0.51%		0.86%
Total expenses⁶		0.62%		0.63%		0.65%		0.62%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		0.62%		0.63%		0.65%		0.62%

Portfolio turnover rate		29%		67%		61%		26%

1. February 27, 2015, August 29, 2014 and August 30, 2013 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. For the period from December 29, 2011 (inception of offering) to August 31, 2012.

3. Per share amounts calculated based on the average shares outstanding during the period.

4. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns do not include adjustments in accordance with generally accepted accounting principles required at the period end for financial reporting purposes.

5. Annualized for periods less than one full year.

6. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:


Six Months Ended February 27, 2015	0.62	%
Year Ended August 29, 2014	0.63	%
Year Ended August 30, 2013	0.65	%
Period Ended August 31, 2012	0.62	%

See accompanying Notes to Financial Statements.

23 OPPENHEIMER CAPITAL APPRECIATION FUND

FINANCIAL HIGHLIGHTS Continued


Class R	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹		Year Ended August 30, 2013¹		Year Ended August 31, 2012		Year Ended August 31, 2011		Year Ended August 31, 2010

Per Share Operating Data
Net asset value, beginning of period	$	64.31	$	52.61	$	47.01	$	41.49	$	34.75	$	34.60

Income (loss) from investment operations:
Net investment income (loss)²		(0.08)		(0.18)		0.14		0.00³		(0.05)		(0.11)
Net realized and unrealized gain		5.16		14.43		5.63		5.52		6.79		0.26

Total from investment operations		5.08		14.25		5.77		5.52		6.74		0.15

Dividends and/or distributions to shareholders:
Dividends from net investment income		0.00		0.00		(0.17)		0.00		0.00		0.00
Distributions from net realized gain		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Total dividends and/or distributions to shareholders		(9.56)		(2.55)		(0.17)		0.00		0.00		0.00

Net asset value, end of period	$	59.83	$	64.31	$	52.61	$	47.01	$	41.49	$	34.75



Total Return, at Net Asset Value⁴		8.59%		27.78%		12.31%		13.30%		19.40%		0.43%



Ratios/Supplemental Data
Net assets, end of period (in thousands)	$	97,145	$	95,477	$	92,488	$	103,023	$	120,751	$	135,235

Average net assets (in thousands)	$	93,293	$	94,728	$	98,344	$	109,283	$	142,248	$	155,296

Ratios to average net assets:⁵
Net investment income (loss)		(0.26)%		(0.30)%		0.28%		0.01%		(0.11)%		(0.29)%
Total expenses⁶		1.30%		1.31%		1.37%		1.39%		1.41%		1.35%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		1.30%		1.31%		1.37%		1.39%		1.41%		1.34%

Portfolio turnover rate		29%		67%		61%		26%		30%		63%

1. February 27, 2015, August 29, 2014 and August 30, 2013 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Less than $0.005 per share.

5. Annualized for periods less than one full year.

6. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:


Six Months Ended February 27, 2015	1.30	%
Year Ended August 29, 2014	1.31	%
Year Ended August 30, 2013	1.37	%
Year Ended August 31, 2012	1.39	%
Year Ended August 31, 2011	1.41	%
Year Ended August 31, 2010	1.35	%

See accompanying Notes to Financial Statements.

24 OPPENHEIMER CAPITAL APPRECIATION FUND


Class Y	Six Months Ended February 27, 2015¹ (Unaudited)		Year Ended August 29, 2014¹		Year Ended August 30, 2013¹		Year Ended August 31, 2012		Year Ended August 31, 2011		Year Ended August 31, 2010

Per Share Operating Data
Net asset value, beginning of period	$	69.73	$	56.72	$	50.67	$	44.70	$	37.18	$	36.81

Income (loss) from investment operations:
Net investment income²		0.08		0.14		0.54		0.33		0.26		0.11
Net realized and unrealized gain		5.64		15.57		6.01		5.91		7.26		0.26

Total from investment operations		5.72		15.71		6.55		6.24		7.52		0.37

Dividends and/or distributions to shareholders:
Dividends from net investment income		0.00		(0.15)		(0.50)		(0.27)		0.00		0.00
Distributions from net realized gain		(9.56)		(2.55)		0.00		0.00		0.00		0.00

Total dividends and/or distributions to shareholders		(9.56)		(2.70)		(0.50)		(0.27)		0.00		0.00

Net asset value, end of period	$	65.89	$	69.73	$	56.72	$	50.67	$	44.70	$	37.18



Total Return, at Net Asset Value³		8.87%		28.40%		13.06%		14.05%		20.23%		1.01%



Ratios/Supplemental Data
Net assets, end of period (in thousands)	$	149,796	$	185,284	$	358,162	$	1,146,115	$	1,118,117	$	1,081,226

Average net assets (in thousands)	$	142,995	$	237,983	$	996,554	$	1,122,130	$	1,238,025	$	1,096,076

Ratios to average net assets:⁴
Net investment income		0.23%		0.22%		1.00%		0.69%		0.58%		0.28%
Total expenses⁵		0.81%		0.81%		0.71%		0.72%		0.72%		0.77%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		0.81%		0.81%		0.71%		0.72%		0.72%		0.77%

Portfolio turnover rate		29%		67%		61%		26%		30%		63%

25 OPPENHEIMER CAPITAL APPRECIATION FUND

FINANCIAL HIGHLIGHTS Continued

1. February 27, 2015, August 29, 2014 and August 30, 2013 represent the last business days of the Fund’s respective reporting periods. See Note 2 of the accompanying Notes.

2. Per share amounts calculated based on the average shares outstanding during the period.

4. Annualized for periods less than one full year.

5. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:


Six Months Ended February 27, 2015	0.81	%
Year Ended August 29, 2014	0.81	%
Year Ended August 30, 2013	0.71	%
Year Ended August 31, 2012	0.72	%
Year Ended August 31, 2011	0.72	%
Year Ended August 31, 2010	0.77	%

See accompanying Notes to Financial Statements.

26 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS February 27, 2015 Unaudited

1. Organization

Oppenheimer Capital Appreciation Fund (the “Fund”) is a diversified open-end management investment company registered under the Investment Company Act of 1940 (“1940 Act”), as amended. The Fund’s investment objective is to seek capital appreciation. The Fund’s investment adviser is OFI Global Asset Management, Inc. (“OFI Global” or the “Manager”), a wholly-owned subsidiary of OppenheimerFunds, Inc. (“OFI” or the “Sub-Adviser”). The Manager has entered into a sub-advisory agreement with OFI.

The Fund offers Class A, Class C, Class I, Class R and Class Y shares, and previously offered Class B shares for new purchase through June 29, 2012. Subsequent to that date, no new purchases of Class B shares are permitted, however reinvestment of dividend and/or capital gain distributions and exchanges of Class B shares into and from other Oppenheimer funds will be allowed. As of July 1, 2014, Class N shares were renamed Class R shares. Class N shares subject to a contingent deferred sales charge (“CDSC”) on July 1, 2014, will continue to be subject to a CDSC after the shares are renamed. Purchases of Class R shares occurring on or after July 1, 2014, will not be subject to a CDSC upon redemption. Class A shares are sold at their offering price, which is normally net asset value plus a front-end sales charge. Class C and Class R shares are sold, and Class B shares were sold, without a front-end sales charge but may be subject to a contingent deferred sales charge (“CDSC”). Class R shares are sold only through retirement plans. Retirement plans that offer Class R shares may impose charges on those accounts. Class I and Class Y shares are sold to certain institutional investors or intermediaries without either a front-end sales charge or a CDSC, however, the intermediaries may impose charges on their accountholders who beneficially own Class I and Class Y shares. All classes of shares have identical rights and voting privileges with respect to the Fund in general and exclusive voting rights on matters that affect that class alone. Earnings, net assets and net asset value per share may differ due to each class having its own expenses, such as transfer and shareholder servicing agent fees and shareholder communications, directly attributable to that class. Class A, B, C and R shares have separate distribution and/or service plans under which they pay fees. Class I and Class Y shares do not pay such fees. Class B shares will automatically convert to Class A shares 72 months after the date of purchase.

The following is a summary of significant accounting policies consistently followed by the Fund.

2. Significant Accounting Policies

Security Valuation. All investments in securities are recorded at their estimated fair value, as described in Note 3.

Semiannual and Annual Periods. The last day of the Fund’s semiannual and annual periods was the last day the New York Stock Exchange was open for trading. The Fund’s financial statements have been presented through that date to maintain consistency with the Fund’s net asset value calculations used for shareholder transactions.

27 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS Unaudited / Continued

2. Significant Accounting Policies (Continued)

Foreign Currency Translation. The Fund’s accounting records are maintained in U.S. dollars. The values of securities denominated in foreign currencies and amounts related to the purchase and sale of foreign securities and foreign investment income are translated into U.S. dollars as of the close of the New York Stock Exchange (the “Exchange”), normally 4:00 P.M. Eastern time, on each day the Exchange is open for trading. Foreign exchange rates may be valued primarily using a reliable bank, dealer or service authorized by the Board of Trustees.

Reported net realized gains and losses from foreign currency transactions arise from sales of portfolio securities, sales and maturities of short-term securities, sales of foreign currencies, exchange rate fluctuations between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized appreciation and depreciation on the translation of assets and liabilities denominated in foreign currencies arise from changes in the values of assets and liabilities, including investments in securities at fiscal period end, resulting from changes in exchange rates.

The effect of changes in foreign currency exchange rates on investments is separately identified from the fluctuations arising from changes in market values of securities held and reported with all other foreign currency gains and losses in the Fund’s Statement of Operations.

Allocation of Income, Expenses, Gains and Losses. Income, expenses (other than those attributable to a specific class), gains and losses are allocated on a daily basis to each class of shares based upon the relative proportion of net assets represented by such class. Operating expenses directly attributable to a specific class are charged against the operations of that class.

Dividends and Distributions to Shareholders. Dividends and distributions to shareholders, which are determined in accordance with income tax regulations and may differ from U.S. generally accepted accounting principles, are recorded on the ex-dividend date. Income and capital gain distributions, if any, are declared and paid annually or at other times as deemed necessary by the Manager.

The tax character of distributions is determined as of the Fund’s fiscal year end. Therefore, a portion of the Fund’s distributions made to shareholders prior to the Fund’s fiscal year end may ultimately be categorized as a tax return of capital.

Investment Income. Dividend income is recorded on the ex-dividend date or upon ex-dividend notification in the case of certain foreign dividends where the ex-dividend date may have passed. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income is recognized on an accrual basis. Discount and premium, which are included in interest income on the Statement of Operations, are amortized or accreted daily.

28 OPPENHEIMER CAPITAL APPRECIATION FUND

2. Significant Accounting Policies (Continued)

Custodian Fees. “Custodian fees and expenses” in the Statement of Operations may include interest expense incurred by the Fund on any cash overdrafts of its custodian account during the period. Such cash overdrafts may result from the effects of failed trades in portfolio securities and from cash outflows resulting from unanticipated shareholder redemption activity. The Fund pays interest to its custodian on such cash overdrafts, to the extent they are not offset by positive cash balances maintained by the Fund, at a rate equal to the Federal Funds Rate plus 0.50%. The “Reduction to custodian expenses” line item, if applicable, represents earnings on cash balances maintained by the Fund during the period. Such interest expense and other custodian fees may be paid with these earnings.

Security Transactions. Security transactions are recorded on the trade date. Realized gains and losses on securities sold are determined on the basis of identified cost.

Indemnifications. The Fund’s organizational documents provide current and former Trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund’s maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Federal Taxes. The Fund intends to comply with provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its investment company taxable income to shareholders. Therefore, no federal income or excise tax provision is required. The Fund files income tax returns in U.S. federal and applicable state jurisdictions. The statute of limitations on the Fund’s tax return filings generally remain open for the three preceding fiscal reporting period ends.

During the fiscal year ended August 29, 2014, the Fund did not utilize any capital loss carryforward to offset capital gains realized in that fiscal year. Capital loss carryforwards with no expiration, if any, must be utilized prior to those with expiration dates. Capital losses with no expiration will be carried forward to future years if not offset by gains.

As of February 27, 2015, it is estimated that the capital loss carryforwards would be zero. The estimated capital loss carryforward represents the carryforward as of the end of the last fiscal year, increased or decreased by capital losses or gains realized in the first six months of the current fiscal year. During the six months ended February 27, 2015, it is estimated that the Fund will not utilize any capital loss carryforward to offset realized capital gains.

Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund.

29 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS Unaudited / Continued

2. Significant Accounting Policies (Continued)

The aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of February 27, 2015 are noted in the following table. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses or tax realization of financial statement unrealized gain or loss.


Federal tax cost of securities	$	3,922,051,904

Gross unrealized appreciation	$	1,595,671,328
Gross unrealized depreciation		(25,418,827)

Net unrealized appreciation	$	1,570,252,501

3. Securities Valuation

The Fund calculates the net asset value of its shares as of the close of the New York Stock Exchange (the “Exchange”), normally 4:00 P.M. Eastern time, on each day the Exchange is open for trading.

The Fund’s Board has adopted procedures for the valuation of the Fund’s securities and has delegated the day-to-day responsibility for valuation determinations under those procedures to the Manager. The Manager has established a Valuation Committee which is responsible for determining a “fair valuation” for any security for which market quotations are not “readily available.” The Valuation Committee’s fair valuation determinations are subject to review, approval and ratification by the Fund’s Board at its next regularly scheduled meeting covering the calendar quarter in which the fair valuation was determined.

Valuation Methods and Inputs

Securities are valued using unadjusted quoted market prices, when available, as supplied primarily by third party pricing services or dealers.

The following methodologies are used to determine the market value or the fair value of the types of securities described below:

Securities traded on a registered U.S. securities exchange (including exchange-traded derivatives other than futures and futures options) are valued based on the last sale price of the security reported on the principal exchange on which it is traded, prior to the time when the Fund’s assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the current day’s closing “bid” and “asked” prices, and if not, at the current day’s closing bid price. A security of a foreign issuer traded on a foreign exchange, but not listed on a registered U.S. securities exchange, is valued based on the last sale price on the principal exchange on which the security is traded, as identified by the third party pricing service used by the Manager, prior to the time when the Fund’s assets are valued. If the last sale price is unavailable, the security is valued at the most recent official closing price on the principal exchange on which it is traded. If the last sales price or official closing price for a foreign security is not available, the security is valued at the mean between the bid and asked price per the exchange or, if not available from the exchange, obtained from two dealers. If bid and asked prices are not available from either the

30 OPPENHEIMER CAPITAL APPRECIATION FUND

3. Securities Valuation (Continued)

exchange or two dealers, the security is valued by using one of the following methodologies (listed in order of priority): (1) using a bid from the exchange, (2) the mean between the bid and asked price as provided by a single dealer, or (3) a bid from a single dealer.

Shares of a registered investment company that are not traded on an exchange are valued at that investment company’s net asset value per share.

Corporate and government debt securities (of U.S. or foreign issuers) and municipal debt securities, event-linked bonds, loans, mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities are valued at the mean between the “bid” and “asked” prices utilizing evaluated prices obtained from third party pricing services or broker-dealers who may use matrix pricing methods to determine the evaluated prices.

Short-term money market type debt securities with a remaining maturity of sixty days or less are valued at cost adjusted by the amortization of discount or premium to maturity (amortized cost), which approximates market value. Short-term debt securities with a remaining maturity in excess of sixty days are valued at the mean between the “bid” and “asked” prices utilizing evaluated prices obtained from third party pricing services or broker-dealers.

A description of the standard inputs that may generally be considered by the third party pricing vendors in determining their evaluated prices is provided below.


Security Type				Standard inputs generally considered by third-party pricing vendors

Corporate debt, government debt, municipal, mortgage-backed and asset-backed securities				Reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, and other appropriate factors.

Loans				Information obtained from market participants regarding reported trade data and broker-dealer price quotations.

Event-linked bonds				Information obtained from market participants regarding reported trade data and broker-dealer price quotations.

If a market value or price cannot be determined for a security using the methodologies described above, or if, in the “good faith” opinion of the Manager, the market value or price obtained does not constitute a “readily available market quotation,” or a significant event has occurred that would materially affect the value of the security, the security is fair valued either (i) by a standardized fair valuation methodology applicable to the security type or the significant event as previously approved by the Valuation Committee and the Fund’s Board or (ii) as determined in good faith by the Manager’s Valuation Committee. The Valuation Committee considers all relevant facts that are reasonably available, through either public information or information available to the Manager, when determining the fair value of a security. Fair value determinations by the Manager are subject to review, approval and ratification by the Fund’s Board at its next regularly scheduled meeting covering the calendar quarter in which the fair valuation was determined. Those fair valuation standardized methodologies include, but are not limited to, valuing securities at the last sale price or initially at cost and subsequently adjusting the value based on: changes in company specific fundamentals, changes in an appropriate securities index, or changes in the value of similar securities which may be further adjusted for any discounts related to security-specific resale

31 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS Unaudited / Continued

3. Securities Valuation (Continued)

restrictions. When possible, such methodologies use observable market inputs such as unadjusted quoted prices of similar securities, observable interest rates, currency rates and yield curves. The methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those securities nor can it be assured that the Fund can obtain the fair value assigned to a security if it were to sell the security.

To assess the continuing appropriateness of security valuations, the Manager, or its third party service provider who is subject to oversight by the Manager, regularly compares prior day prices, prices on comparable securities, and sale prices to the current day prices and challenges those prices exceeding certain tolerance levels with the third party pricing service or broker source. For those securities valued by fair valuations, whether through a standardized fair valuation methodology or a fair valuation determination, the Valuation Committee reviews and affirms the reasonableness of the valuations based on such methodologies and fair valuation determinations on a regular basis after considering all relevant information that is reasonably available.

Classifications

Each investment asset or liability of the Fund is assigned a level at measurement date based on the significance and source of the inputs to its valuation. Various data inputs are used in determining the value of each of the Fund’s investments as of the reporting period end. These data inputs are categorized in the following hierarchy under applicable financial accounting standards:

1) Level 1-unadjusted quoted prices in active markets for identical assets or liabilities (including securities actively traded on a securities exchange)

2) Level 2-inputs other than unadjusted quoted prices that are observable for the asset or liability (such as unadjusted quoted prices for similar assets and market corroborated inputs such as interest rates, prepayment speeds, credit risks, etc.)

3) Level 3-significant unobservable inputs (including the Manager’s own judgments about assumptions that market participants would use in pricing the asset or liability).

The inputs used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.

The table below categorizes amounts that are included in the Fund’s Statement of Assets and Liabilities as of February 27, 2015 based on valuation input level:


	Level 1— Unadjusted Quoted Prices		Level 2— Other Significant Observable Inputs		Level 3— Significant Unobservable Inputs		Value

Assets Table
Investments, at Value:
Common Stocks
Consumer Discretionary	$	1,054,408,323	$	—	$	—	$	1,054,408,323
Consumer Staples		331,407,734		59,211,076		—		390,618,810
Energy		92,802,155		—		—		92,802,155
Financials		254,003,363		—		—		254,003,363

32 OPPENHEIMER CAPITAL APPRECIATION FUND

3. Securities Valuation (Continued)


	Level 1— Unadjusted Quoted Prices		Level 2— Other Significant Observable Inputs		Level 3— Significant Unobservable Inputs		Value

Common Stocks (Continued)
Health Care	$	1,320,343,300	$	—	$	—	$	1,320,343,300
Industrials		555,527,202		—		—		555,527,202
Information Technology		1,739,288,006		—		—		1,739,288,006
Materials		49,368,120		—		—		49,368,120
Investment Company		35,945,126		—		—		35,945,126

Total Assets	$	5,433,093,329	$	59,211,076	$	—	$	5,492,304,405

Forward currency exchange contracts and futures contracts, if any, are reported at their unrealized appreciation/depreciation at measurement date, which represents the change in the contract’s value from trade date. All additional assets and liabilities included in the above table are reported at their market value at measurement date.

4. Investments and Risks

Investment in Oppenheimer Institutional Money Market Fund. The Fund is permitted to invest daily available cash balances in an affiliated money market fund. The Fund may invest the available cash in Class E shares of Oppenheimer Institutional Money Market Fund (“IMMF”) to seek current income while preserving liquidity or for defensive purposes. IMMF is a registered open-end management investment company, regulated as a money market fund under the 1940 Act. The Manager is the investment adviser of IMMF, and the Sub-Adviser provides investment and related advisory services to IMMF. When applicable, the Fund’s investment in IMMF is included in the Statement of Investments. Shares of IMMF are valued at their net asset value per share. As a shareholder, the Fund is subject to its proportional share of IMMF’s Class E expenses, including its management fee. The Manager will waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund’s investment in IMMF.

Equity Security Risk. Stocks and other equity securities fluctuate in price. The value of the Fund’s portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign stock markets. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments.

The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company’s securities. These factors may include, but are not limited to, poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or industry, or changes in government regulations affecting the company or its industry.

33 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS Unaudited / Continued

5. Shares of Beneficial Interest

The Fund has authorized an unlimited number of $0.001 par value shares of beneficial interest of each class. Transactions in shares of beneficial interest were as follows:


	Six Months Ended February 27, 2015				Year Ended August 29, 2014
	Shares		Amount		Shares		Amount

Class A
Sold		3,292,090	$	206,854,740		3,530,471	$	212,960,584
Dividends and/or distributions reinvested		7,972,630		473,016,130		2,245,672		130,428,593
Redeemed		(4,161,123)		(260,886,006)		(7,929,129)		(476,775,356)

Net increase (decrease)		7,103,597	$	418,984,864		(2,152,986)	$	(133,386,179)



Class B
Sold		36,529	$	1,942,062		33,467	$	1,733,341
Dividends and/or distributions reinvested		373,122		18,450,909		140,374		7,036,983
Redeemed		(528,969)		(28,535,306)		(971,946)		(50,346,490)

Net decrease		(119,318)	$	(8,142,335)		(798,105)	$	(41,576,166)



Class C
Sold		867,645	$	45,182,228		809,715	$	41,703,996
Dividends and/or distributions reinvested		1,369,931		67,277,321		359,804		17,932,625
Redeemed		(699,446)		(36,808,803)		(1,386,209)		(71,385,464)

Net increase (decrease)		1,538,130	$	75,650,746		(216,690)	$	(11,748,843)



Class I
Sold		481,669	$	31,932,841		1,109,762	$	69,739,424
Dividends and/or distributions reinvested		2,197,026		138,149,004		680,969		41,409,750
Redeemed		(1,103,533)		(74,232,666)		(1,795,044)		(112,471,610)

Net increase (decrease)		1,575,162	$	95,849,179		(4,313)	$	(1,322,436)



Class R¹
Sold		150,221	$	9,089,181		192,904	$	11,246,810
Dividends and/or distributions reinvested		230,431		13,159,935		71,443		4,025,808
Redeemed		(241,631)		(14,716,034)		(537,526)		(31,278,517)

Net increase (decrease)		139,021	$	7,533,082		(273,179)	$	(16,005,899)



Class Y
Sold		364,170	$	24,022,909		736,962	$	46,798,470
Dividends and/or distributions reinvested		272,223		17,103,757		259,407		15,792,699
Redeemed		(1,020,255)		(69,191,963)		(4,653,792)		(283,201,464)

Net decrease		(383,862)	$	(28,065,297)		(3,657,423)	$	(220,610,295)

1. Effective July 1, 2014, Class N shares were renamed Class R.

34 OPPENHEIMER CAPITAL APPRECIATION FUND

6. Purchases and Sales of Securities

The aggregate cost of purchases and proceeds from sales of securities, other than short-term obligations and investments in IMMF, for the six months ended February 27, 2015 were as follows:


	Purchases		Sales

Investment securities	$	1,511,278,513	$	1,697,352,673

7. Fees and Other Transactions with Affiliates

Management Fees. Under the investment advisory agreement, the Fund pays the Manager a management fee based on the daily net assets of the Fund at an annual rate as shown in the following table:


Fee Schedule

Up to $200 million			0.75%
Next $200 million			0.72
Next $200 million			0.69
Next $200 million			0.66
Next $700 million			0.60
Next $1 billion			0.58
Next $2 billion			0.56
Next $2 billion			0.54
Next $2 billion			0.52
Next $2.5 billion			0.50
Over $11 billion			0.48

The Fund’s management fee for the fiscal six months ended February 27, 2015 was 0.59% of average annual net assets before any applicable waivers.

Sub-Adviser Fees. The Manager has retained the Sub-Adviser to provide the day-to-day portfolio management of the Fund. Under the Sub-Advisory Agreement, the Manager pays the Sub-Adviser an annual fee in monthly installments, equal to a percentage of the investment management fee collected by the Manager from the Fund, which shall be calculated after any investment management fee waivers. The fee paid to the Sub-Adviser is paid by the Manager, not by the Fund.

Transfer Agent Fees. OFI Global (the “Transfer Agent”) serves as the transfer and shareholder servicing agent for the Fund. The Fund pays the Transfer Agent a fee based on annual net assets. Fees incurred and average net assets for each class with respect to these services are detailed in the Statement of Operations and Financial Highlights, respectively.

Sub-Transfer Agent Fees. The Transfer Agent has retained Shareholder Services, Inc., a wholly-owned subsidiary of OFI (the “Sub-Transfer Agent”), to provide the day-to-day transfer agent and shareholder servicing of the Fund. Under the Sub-Transfer Agency Agreement, the Transfer Agent pays the Sub-Transfer Agent an annual fee in monthly installments, equal to a percentage of the transfer agent fee collected by the Transfer Agent from the Fund, which shall be calculated after any applicable fee waivers. The fee paid to the Sub-Transfer Agent is paid by the Transfer Agent, not by the Fund.

35 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS Unaudited / Continued

7. Fees and Other Transactions with Affiliates (Continued)

Trustees’ Compensation. The Fund has adopted an unfunded retirement plan (the “Plan”) for the Fund’s Independent Trustees. Benefits are based on years of service and fees paid to each Trustee during their period of service. The Plan was frozen with respect to adding new participants effective December 31, 2006 (the “Freeze Date”) and existing Plan Participants as of the Freeze Date will continue to receive accrued benefits under the Plan. Active Independent Trustees as of the Freeze Date have each elected a distribution method with respect to their benefits under the Plan. During the six months ended February 27, 2015, the Fund’s projected benefit obligations, payments to retired Trustees and accumulated liability were as follows:


Projected Benefit Obligations Increased	$	—
Payments Made to Retired Trustees		106,306
Accumulated Liability as of February 27, 2015		842,467

The Fund’s Board of Trustees (“Board”) has adopted a compensation deferral plan for Independent Trustees that enables Trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from the Fund. For purposes of determining the amount owed to the Trustee under the plan, deferred amounts are treated as though equal dollar amounts had been invested in shares of the Fund or in other Oppenheimer funds selected by the Trustee. The Fund purchases shares of the funds selected for deferral by the Trustee in amounts equal to his or her deemed investment, resulting in a Fund asset equal to the deferred compensation liability. Such assets are included as a component of “Other” within the asset section of the Statement of Assets and Liabilities. Deferral of Trustees’ fees under the plan will not affect the net assets of the Fund and will not materially affect the Fund’s assets, liabilities or net investment income per share. Amounts will be deferred until distributed in accordance with the compensation deferral plan.

Distribution and Service Plan (12b-1) Fees. Under its General Distributor’s Agreement with the Fund, OppenheimerFunds Distributor, Inc. (the “Distributor”) acts as the Fund’s principal underwriter in the continuous public offering of the Fund’s classes of shares.

Service Plan for Class A Shares. The Fund has adopted a Service Plan (the “Plan”) for Class A shares pursuant to Rule 12b-1 under the 1940 Act. Under the Plan, the Fund reimburses the Distributor for a portion of its costs incurred for services provided to accounts that hold Class A shares. Reimbursement is made periodically at an annual rate of up to 0.25% of the daily net assets of Class A shares of the Fund. The Distributor currently uses all of those fees to pay dealers, brokers, banks and other financial institutions periodically for providing personal service and maintenance of accounts of their customers that hold Class A shares. Any unreimbursed expenses the Distributor incurs with respect to Class A shares in any fiscal year cannot be recovered in subsequent periods. Fees incurred by the Fund under the Plan are detailed in the Statement of Operations.

Distribution and Service Plans for Class B, Class C and Class R Shares. The Fund has adopted Distribution and Service Plans (the “Plans”) for Class B, Class C and Class R shares

36 OPPENHEIMER CAPITAL APPRECIATION FUND

7. Fees and Other Transactions with Affiliates (Continued)

pursuant to Rule 12b-1 under the 1940 Act to compensate the Distributor for distributing those share classes, maintaining accounts and providing shareholder services. Under the Plans, the Fund pays the Distributor an annual asset-based sales charge of 0.75% on Class B and Class C shares daily net assets and 0.25% on Class R shares daily net assets. The Fund also pays a service fee under the Plans at an annual rate of 0.25% of daily net assets. The Plans continue in effect from year to year only if the Fund’s Board of Trustees vote annually to approve its continuance at an in person meeting called for that purpose. Fees incurred by the Fund under the Plans are detailed in the Statement of Operations.

Sales Charges. Front-end sales charges and CDSC do not represent expenses of the Fund. They are deducted from the proceeds of sales of Fund shares prior to investment or from redemption proceeds prior to remittance, as applicable. The sales charges retained by the Distributor from the sale of shares and the CDSC retained by the Distributor on the redemption of shares is shown in the following table for the period indicated.


Six Months Ended	Class A Front-End Sales Charges Retained by Distributor		Class A Contingent Deferred Sales Charges Retained by Distributor		Class B Contingent Deferred Sales Charges Retained by Distributor		Class C Contingent Deferred Sales Charges Retained by Distributor		Class R Contingent Deferred Sales Charges Retained by Distributor

February 27, 2015		$422,155		$8,894		$32,911		$7,638		$1,780

Waivers and Reimbursements of Expenses. The Manager will waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund’s investment in IMMF. During the six months ended February 27, 2015, the Manager waived fees and/or reimbursed the Fund $28,545 for IMMF management fees.

These undertakings may be modified or terminated as set forth according to the terms in the prospectus.

8. Pending Litigation

In 2009, seven class action lawsuits were filed in the U.S. District Court for the District of Colorado against OppenheimerFunds, Inc. (“OFI”), OppenheimerFunds Distributor, Inc., the Fund’s principal underwriter and distributor (the “Distributor”), and certain funds (but not including the Fund) advised by OFI Global Asset Management, Inc. and distributed by the Distributor (the “Defendant Funds”). The lawsuits also named as defendants certain officers and current and former trustees of the respective Defendant Funds. The lawsuits raised claims under federal securities laws and alleged, among other things, that the disclosure documents of the respective Defendant Funds contained misrepresentations and omissions and that the respective Defendant Funds’ investment policies were not followed. The plaintiffs in these actions sought unspecified damages, equitable relief and awards of attorneys’ fees and litigation expenses. The Defendant Funds’ Boards of Trustees also engaged counsel to represent the Funds and the present and former Independent Trustees named in those suits.

37 OPPENHEIMER CAPITAL APPRECIATION FUND

NOTES TO FINANCIAL STATEMENTS Unaudited / Continued

8. Pending Litigation (Continued)

In March 2014, the parties in six of these lawsuits executed stipulations and agreements of settlement resolving those actions. In July 2014, the court entered an order and final judgment approving the settlements as fair, reasonable and adequate. The settlements do not resolve a seventh outstanding lawsuit relating to Oppenheimer Rochester California Municipal Fund (the “California Fund Suit”). OFI believes the California Fund Suit is without legal merit and is defending the suit vigorously. While it is premature to render any opinion as to the outcome in the California Fund Suit, or whether any costs that OFI may bear in defending the California Fund Suit might not be reimbursed by insurance, OFI believes the California Fund Suit should not impair the ability of OFI or the Distributor to perform their respective duties to the Fund, and that the outcome of the California Fund Suit should not have any material effect on the operations of any of the Oppenheimer funds.

38 OPPENHEIMER CAPITAL APPRECIATION FUND

BOARD APPROVAL OF THE FUND’S INVESTMENT ADVISORY

AND SUB-ADVISORY AGREEMENTS Unaudited

The Fund has entered into an investment advisory agreement with OFI Global Asset Management, Inc. (“OFI Global” or the “Adviser”), a wholly-owned subsidiary of OppenheimerFunds, Inc. (“OFI” or the “Sub-Adviser”) (“OFI Global” and “OFI” together the “Managers”) and OFI Global has entered into a sub-advisory agreement with OFI whereby OFI provides investment sub-advisory services to the Fund (collectively, the “Agreements”). Each year, the Board of Trustees (the “Board”), including a majority of the independent Trustees, is required to determine whether to renew the Agreements. The Investment Company Act of 1940, as amended, requires that the Board request and evaluate, and that the Managers provide, such information as may be reasonably necessary to evaluate the terms of the Agreements. The Board employs an independent consultant to prepare a report that provides information, including comparative information that the Board requests for that purpose. In addition to in-person meetings focused on this evaluation, the Board receives information throughout the year regarding Fund services, fees, expenses and performance.

The Adviser, Sub-Adviser and the independent consultant provided information to the Board on the following factors: (i) the nature, quality and extent of the Managers’ services, (ii) the investment performance of the Fund and the Managers, (iii) the fees and expenses of the Fund, including comparative expense information, (iv) the profitability of the Managers and their affiliates, including an analysis of the cost of providing services, (v) whether economies of scale are realized as the Fund grows and whether fee levels reflect these economies of scale for Fund investors and (vi) other benefits to the Managers from their relationship with the Fund. The Board was aware that there are alternatives to retaining the Managers.

Outlined below is a summary of the principal information considered by the Board as well as the Board’s conclusions.

Nature, Quality and Extent of Services. The Board considered information about the nature, quality and extent of the services provided to the Fund and information regarding the Managers’ key personnel who provide such services. The Sub-Adviser’s duties include providing the Fund with the services of the portfolio manager and the Sub-Adviser’s investment team, who provide research, analysis and other advisory services in regard to the Fund’s investments; securities trading services; oversight of third-party service providers; monitoring compliance with applicable Fund policies and procedures and adherence to the Fund’s investment restrictions; and risk management. The Managers are responsible for providing certain administrative services to the Fund as well. Those services include providing and supervising all administrative and clerical personnel who are necessary in order to provide effective corporate administration for the Fund; compiling and maintaining records with respect to the Fund’s operations; preparing and filing reports required by the Securities and Exchange Commission; preparing periodic reports regarding the operations of the Fund for its shareholders; preparing proxy materials for shareholder meetings; and preparing the registration statements required by Federal and state securities laws for the sale of the Fund’s shares. The Managers also provide the Fund with office space, facilities and equipment.

The Board also considered the quality of the services provided and the quality of the Managers’ resources that are available to the Fund. The Board took account of the fact that the Sub-Adviser has had over fifty years of experience as an investment adviser and that its assets under management rank it among the top mutual fund managers in the United States. The Board evaluated the Sub-Adviser’s advisory, administrative, accounting, legal, compliance

39 OPPENHEIMER CAPITAL APPRECIATION FUND

BOARD APPROVAL OF THE FUND’S INVESTMENT ADVISORY

AND SUB-ADVISORY AGREEMENTS Unaudited / Continued

services and risk management, and information the Board has received regarding the experience and professional qualifications of the Managers’ key personnel and the size and functions of its staff. In its evaluation of the quality of the portfolio management services provided, the Board considered the experience of Michael Kotlarz, the portfolio manager for the Fund, and the Sub-Adviser’s investment team and analysts. The Board members also considered the totality of their experiences with the Managers as directors or trustees of the Fund and other funds advised by the Managers. The Board considered information regarding the quality of services provided by affiliates of the Managers, which its members have become knowledgeable about in connection with the renewal of the Fund’s service agreements. The Board concluded, in light of the Managers’ experience, reputation, personnel, operations and resources that the Fund benefits from the services provided under the Agreements.

Investment Performance of the Adviser and the Fund. Throughout the year, the Adviser provided information on the investment performance of the Fund, including comparative performance information. The Board also reviewed information, prepared by the Adviser and by the independent consultant, comparing the Fund’s historical performance to relevant market indices and to the performance of other retail funds in the large growth category. The Board noted that the Fund’s one-year, three-year, five-year and ten-year performance was below its category median.

Costs of Services by the Adviser. The Board reviewed the fees paid to the Adviser and the other expenses borne by the Fund. The Board also considered the comparability of the fees charged and the services provided to the Fund to the fees and services for other clients or accounts advised by the Adviser. The independent consultant provided comparative data in regard to the fees and expenses of the Fund and other retail front-end load large growth funds with comparable asset levels and distribution features. The Fund’s contractual management fees and total expenses were lower than its peer group median and category median.

Economies of Scale and Profits Realized by the Managers. The Board considered information regarding OFI Global’s costs in serving as the Fund’s investment adviser, including the costs associated with the personnel and systems necessary to manage the Fund, and information regarding the Managers’ profitability from their relationship with the Fund. The Board reviewed whether the Managers may realize economies of scale in managing and supporting the Fund. The Board noted that the Fund currently has management fee breakpoints, which are intended to share with Fund shareholders economies of scale that may exist as the Fund’s assets grow.

Other Benefits to the Managers. In addition to considering the profits realized by the Managers, the Board considered information that was provided regarding the direct and indirect benefits the Managers receive as a result of their relationship with the Fund, including compensation paid to the Managers’ affiliates and research provided to the Adviser in connection with permissible brokerage arrangements (soft dollar arrangements). The Board also considered that the Managers must be able to pay and retain experienced professional personnel at competitive rates to provide quality services to the Fund.

Conclusions. These factors were also considered by the independent Trustees meeting separately from the full Board, assisted by experienced counsel to the Fund and to the independent Trustees. Fund counsel and the independent Trustees’ counsel are independent

40 OPPENHEIMER CAPITAL APPRECIATION FUND

of the Managers within the meaning and intent of the Securities and Exchange Commission Rules.

Based on its review of the information it received and its evaluations described above, the Board, including a majority of the independent Trustees, decided to continue the Agreements through September 30, 2015. In arriving at its decision, the Board did not identify any factor or factors as being more important than others, but considered all of the above information, and considered the terms and conditions of the Agreements, including the management fees, in light of all the surrounding circumstances.

41 OPPENHEIMER CAPITAL APPRECIATION FUND

PORTFOLIO PROXY VOTING POLICIES AND PROCEDURES;

UPDATES TO STATEMENTS OF INVESTMENTS Unaudited

The Fund has adopted Portfolio Proxy Voting Policies and Procedures under which the Fund votes proxies relating to securities (“portfolio proxies”) held by the Fund. A description of the Fund’s Portfolio Proxy Voting Policies and Procedures is available (i) without charge, upon request, by calling the Fund toll-free at 1.800.CALL OPP (225.5677), (ii) on the Fund’s website at www.oppenheimerfunds.com, and (iii) on the SEC’s website at www.sec.gov. In addition, the Fund is required to file Form N-PX, with its complete proxy voting record for the 12 months ended June 30th, no later than August 31st of each year. The Fund’s voting record is available (i) without charge, upon request, by calling the Fund toll-free at 1.800.CALL OPP (225.5677), and (ii) in the Form N-PX filing on the SEC’s website at www.sec.gov.

The Fund files its complete schedule of portfolio holdings with the SEC for the first quarter and the third quarter of each fiscal year on Form N-Q. The Fund’s Form N-Q filings are available on the SEC’s website at www.sec.gov. Those forms may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

Householding—Delivery of Shareholder Documents

This is to inform you about OppenheimerFunds’ “householding” policy. If more than one member of your household maintains an account in a particular fund, OppenheimerFunds will mail only one copy of the fund’s prospectus (or, if available, the fund’s summary prospectus), annual and semiannual report and privacy policy. The consolidation of these mailings, called householding, benefits your fund through reduced mailing expense, and benefits you by reducing the volume of mail you receive from OppenheimerFunds. Householding does not affect the delivery of your account statements.

Please note that we will continue to household these mailings for as long as you remain an OppenheimerFunds shareholder, unless you request otherwise. If you prefer to receive multiple copies of these materials, please call us at 1.800.CALL-OPP (225-5677). You may also notify us in writing or via email. We will begin sending you individual copies of the prospectus (or, if available, the summary prospectus), reports and privacy policy within 30 days of receiving your request to stop householding.

42 OPPENHEIMER CAPITAL APPRECIATION FUND

OPPENHEIMER CAPITAL APPRECIATION FUND


Trustees and Officers		Brian F. Wruble, Chairman of the Board of Trustees and Trustee
		David K. Downes, Trustee
		Matthew P. Fink, Trustee
		Edmund P. Giambastiani, Jr., Trustee
		Elizabeth Krentzman, Trustee
		Mary F. Miller, Trustee
		Joel W. Motley, Trustee
		Joanne Pace, Trustee
		Daniel Vandivort, Trustee
		Peter I. Wold, Trustee
		Michael Kotlarz, Vice President
		William F. Glavin, Jr., Trustee
		Arthur P. Steinmetz, President and Principal Executive Officer
		Arthur S. Gabinet, Secretary and Chief Legal Officer
		Jennifer Sexton, Vice President and Chief Business Officer
		Mary Ann Picciotto, Chief Compliance Officer and Chief Anti-Money
		Laundering Officer
		Brian W. Wixted, Treasurer and Principal Financial & Accounting Officer

Manager		OFI Global Asset Management, Inc.

Sub-Adviser		OppenheimerFunds, Inc.

Distributor		OppenheimerFunds Distributor, Inc.

Transfer and Shareholder Servicing Agent		OFI Global Asset Management, Inc.

Sub-Transfer Agent		Shareholder Services, Inc.

		DBA OppenheimerFunds Services

Independent Registered Public Accounting Firm		KPMG LLP

Legal Counsel		Kramer Levin Naftalis & Frankel LLP

		The financial statements included herein have been taken from the records of the Fund without examination of those records by the independent registered public accounting firm.

43 OPPENHEIMER CAPITAL APPRECIATION FUND

As an Oppenheimer fund shareholder, you are entitled to know how we protect your personal information and how we limit its disclosure.

Information Sources

We obtain nonpublic personal information about our shareholders from the following sources:

—

Applications or other forms

—

When you create a user ID and password for online account access

—

When you enroll in eDocs Direct, our electronic document delivery service

—

Your transactions with us, our affiliates or others

—

A software program on our website, often referred to as a “cookie,” which indicates which parts of our site you’ve visited

—

When you set up challenge questions to reset your password online

If you visit oppenheimerfunds.com and do not log on to the secure account information areas, we do not obtain any personal information about you. When you do log on to a secure area, we do obtain your user ID and password to identify you. We also use this information to provide you with products and services you have requested, to inform you about products and services that you may be interested in and assist you in other ways.

We do not collect personal information through our website unless you willingly provide it to us, either directly by email or in those areas of the website that request information. In order to update your personal information (including your mailing address, email address and phone number) you must first log on and visit your user profile.

If you have set your browser to warn you before accepting cookies, you will receive the warning message with each cookie. You can refuse cookies by turning them off in your browser. However, doing so may limit your access to certain sections of our website.

We use cookies to help us improve and manage our website. For example, cookies help us recognize new versus repeat visitors to the site, track the pages visited, and enable some special features on the website. This data helps us provide a better service for our website visitors.

Protection of Information

We do not disclose any non-public personal information (such as names on a customer list) about current or former customers to anyone, except as permitted by law.

Disclosure of Information

Copies of confirmations, account statements and other documents reporting activity in your fund accounts are made available to your financial advisor (as designated by you). We may also use details about you and your investments to help us, our financial service affiliates, or firms that jointly market their financial products and services with ours, to better serve your investment needs or suggest financial services or educational material that may be of interest to you. If this requires us to provide you with an opportunity to “opt in” or “opt out” of such information sharing with a firm not affiliated with us, you will receive notification on how to do so, before any such sharing takes place.

Right of Refusal

We will not disclose your personal information to unaffiliated third parties (except as permitted by law), unless we first offer you a reasonable opportunity to refuse or “opt out” of such disclosure.

44 OPPENHEIMER CAPITAL APPRECIATION FUND

Internet Security and Encryption

In general, the email services provided by our website are encrypted and provide a secure and private means of communication with us. To protect your own privacy, confidential and/or personal information should only be communicated via email when you are advised that you are using a secure website. As a security measure, we do not include personal or account information in non-secure emails, and we advise you not to send such information to us in non-secure emails. Instead, you may take advantage of the secure features of our website to encrypt your email correspondence. To do this, you will need to use a browser that supports Secure Sockets Layer (SSL) protocol.

We do not guarantee or warrant that any part of our website, including files available for download, are free of viruses or other harmful code. It is your responsibility to take appropriate precautions, such as use of an anti-virus software package, to protect your computer hardware and software.

—

All transactions, including redemptions, exchanges and purchases, are secured by SSL and 256-bit encryption. SSL is used to establish a secure connection between your PC and OppenheimerFunds’ server. It transmits information in an encrypted and scrambled format.

—

Encryption is achieved through an electronic scrambling technology that uses a “key” to code and then decode the data. Encryption acts like the cable converter box you may have on your television set. It scrambles data with a secret code so that no one can make sense of it while it is being transmitted. When the data reaches its destination, the same software unscrambles the data.

—

You can exit the secure area by either closing your browser, or for added security, you can use the Log Out button before you close your browser.

Other Security Measures

We maintain physical, electronic and procedural safeguards to protect your personal account information. Our employees and agents have access to that information only so that they may offer you products or provide services, for example, when responding to your account questions.

How You Can Help

You can also do your part to keep your account information private and to prevent unauthorized transactions. If you obtain a user ID and password for your account, do not allow it to be used by anyone else. Also, take special precautions when accessing your account on a computer used by others.

Who We Are

This joint notice describes the privacy policies of the Oppenheimer funds, OppenheimerFunds, Inc., each of its investment adviser subsidiaries, OppenheimerFunds Distributor, Inc. and OFI Global Trust Co. It applies to all Oppenheimer fund accounts you presently have, or may open in the future, using your Social Security number—whether or not you remain a shareholder of our funds. This notice was last updated March 2015. In the event it is updated or changed, we will post an updated notice on our website at oppenheimerfunds.com. If you have any questions about this privacy policy, write to us at P.O. Box 5270, Denver, CO 80217-5270, email us by clicking on the Contact Us section of our website at oppenheimerfunds.com or call us at 1.800.CALL OPP (225.5677).

45 OPPENHEIMER CAPITAL APPRECIATION FUND

THIS PAGE INTENTIONALLY LEFT BLANK.

46 OPPENHEIMER CAPITAL APPRECIATION FUND

THIS PAGE INTENTIONALLY LEFT BLANK.

47 OPPENHEIMER CAPITAL APPRECIATION FUND


		The Right Way to Invest Visit us at oppenheimerfunds.com for 24-hour access to account information and transactions or call us at 800 CALL OPP (800 225 5677) for 24-hour automated information and automated transactions. Representatives also available Mon–Fri 8am-8pm ET.
Visit Us oppenheimerfunds.com Call Us 800 225 5677
Follow Us
		Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. 225 Liberty Street, New York, NY 10281-1008 © 2015 OppenheimerFunds Distributor, Inc. All rights reserved. RS0320.001.0215 April 22, 2015

Item 2. Code of Ethics.

Not applicable to semiannual reports.

Item 3. Audit Committee Financial Expert.

Not applicable to semiannual reports.

Item 4. Principal Accountant Fees and Services.

Not applicable to semiannual reports.

Item 5. Audit Committee of Listed Registrants

Not applicable.

Item 6. Schedule of Investments.

a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.

b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

The Fund’s Governance Committee Provisions with Respect to Nominations of Directors/Trustees to the Respective Boards

None

Item 11. Controls and Procedures.

Based on their evaluation of the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of 2/27/2015, the registrant’s principal executive officer and principal financial officer found the registrant’s disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.

There have been no changes in the registrant’s internal controls over financial reporting that occurred during the registrant’s second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)	(1) Not applicable to semiannual reports.

(2) Exhibits attached hereto.

(3) Not applicable.

(b)	Exhibit attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Oppenheimer Capital Appreciation Fund


By:		/s/ Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer

Date:		4/10/2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer

Date:		4/10/2015


By:		/s/ Brian W. Wixted
		Brian W. Wixted
		Principal Financial Officer

Date:		4/10/2015

EX-99.CERT 2 d901495dex99cert.htm SECTION 302 CERTIFICATIONS Section 302 Certifications

Exhibit 99.CERT

Section 302 Certifications

CERTIFICATIONS

I, Arthur P. Steinmetz, certify that:

1.	I have reviewed this report on Form N-CSR of Oppenheimer Capital Appreciation Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of Trustees (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: 4/10/2015

/s/ Arthur P. Steinmetz

Arthur P. Steinmetz

Principal Executive Officer

Exhibit 99.CERT

Section 302 Certifications

CERTIFICATIONS

I, Brian W. Wixted, certify that:

1.	I have reviewed this report on Form N-CSR of Oppenheimer Capital Appreciation Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(a)

(b)

(c)

(d)

5.	The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of Trustees (or persons performing the equivalent functions):

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: 4/10/2015

/s/ Brian W. Wixted

Brian W. Wixted

Principal Financial Officer

EX-99.906CERT 3 d901495dex99906cert.htm SECTION 906 CERTIFICATIONS Section 906 Certifications

EX-99.906CERT

Section 906 Certifications

CERTIFICATION PURSUANT TO 18 U.S.C SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Arthur P. Steinmetz, Principal Executive Officer, and Brian W. Wixted, Principal Financial Officer, of Oppenheimer Capital Appreciation Fund (the “Registrant”), each certify to the best of his knowledge that:

1.	The Registrant’s periodic report on Form N-CSR for the period ended 2/27/2015 (the “Form N-CSR”) fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended; and

The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant. This certification is being furnished to the Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR filed with the Commission.


Principal Executive Officer				Principal Financial Officer

Oppenheimer Capital Appreciation Fund				Oppenheimer Capital Appreciation Fund

/s/ Arthur P. Steinmetz				/s/ Brian W. Wixted
Arthur P. Steinmetz				Brian W. Wixted

Date: 4/10/2015				Date: 4/10/2015

GRAPHIC 4 g901495bc_pg001a.jpg GRAPHIC begin 644 g901495bc_pg001a.jpg M_]C_X0`817AI9@``24DJ``@``````````````/_L`!%$=6-K>0`!``0```!D M``#_X0/#:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+P`\/WAP86-K970@ M8F5G:6X](N^[OR(@:60](EG)E4WI.5&-Z:V,Y9"(_/B`\ M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)! M9&]B92!835`@0V]R92`U+C,M8S`Q,2`V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M M,30Z-38Z,C<@("`@("`@("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO M+W=W=RYW,RYO7!E+U)E&UL M;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(B!X;6QN&UP;65T M83X@/#]X<&%C:V5T(&5N9#TB"\T M8C0'6'?K_^X`#D%D;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,# M`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`3`"E`P$1``(1`0,1`?_$`(X` M`0`"`P$!`0$!```````````("0,&"@<"!0$$`0$!`0$````````````````` M`0(#$```!@(!!`$#`@4"!@,````"`P0%!@MFM_&\@8$Q[ M;()'('P$<;!/$C6-46B+0_R18TQQL[3G)>%+\%N+-+$I.*P87D19K=N(K,4> MXFS)'8S,U51H-<QJUAQ>;3B"UYM-;U8RM&J=PV9J519JE^B6Q$2AC` M2G4OB9),D#^F-7E)OMP3P9".-])CF\K)=5=VM9=THLX2;7NSVJ6JXZI^VSN! M.2==%+6K!^+[0*XW9U7R9,US>"OB)3W%#*7HB@&#`+)(S`=!9K%UNOE*SA#@ M.`X#@.`X#@.`X#@.`X#@.`X#@1TVGVOH;3"G9%>FQ,\;X)`V#Q)$^30F+Y#+ M)$N[BV2%P6-(\&O$OFDB5!\*%M1%&GG#SD6O-ZG3A%-R-)?QZK?8MKV22[5[8"L/PF_8R*-B'":0:Z[%.9 M(B5,UAMB,Y64B=P<3#53.XY)4E'%!";G)-=L?MV^VI+:([U5?O13Z6;QI.J@ M%JQA>Z0N^-?)>>2DM*B;9B:H+3-X%,F$WP.`0-+QC/PW#!(4S@C,).!VY&(L M!-M;K?HF_P`,G`7QU5F?7."4+.][GCY2QPJOU::?5^V',['74IB;>YMK?=4Z MO9C9/P]:P.8S#9:JPYJB\E@9A'JHZ9XZSG3Q_6NG#U_[/K]O]3JFNN3M"&*V M6Z,YD?N6!)4KTUJJ[M^+'C9I]#'F.R5*BDT4=6UX39-$V.)?RDA)Y81#.#VG MF5RVG6X])F<,G`5)/JON MF^*75.J^.(M@Z.K&7(I--J82DB@\X MLW^.XV17TFOU7!K.*D+G,FVS66_;;.JUZFE61IOE+GN=N,\X8SK/DU-N"Q8% M4QZ.>O.IXB*)-CHF.+;U*9O<3#!GJDR?[F:VG'ZXG^:V.]_?-2]1[R+M1H-1 MEY['Q:M&-[(V+MO76`RZWQU+9V"2CXU6J:'0B./)TC<`^,PI\4"6I"VE2:61 M@)YQ2L!!)^.W7M>/ASB*YSJ!$O5MN]#[M]4J\T116 M;/9_+:?D+]>\@AQ:R%%QJ/.Z`1RDQ66%ER6(.!="NHHZXMWF+,<>W4EJGZI- M!B5&DVY31KC7L6NJKM=H%^-J8?'F:*Q)3*)/#8XZ'63)(BQ-R%ID]F,Z@U3] MN>UH3E:/*PTP.?,$@TDXW?;G7/&6_;]:^/#AACL>K*Z:)P[.=E168OU/ML// MPWW]LJSD1"":PSW9>T1Y8@'&LC>,`^].%*LIK9XKQ/TL M-4E.9-NY]';%E]GZSSK8)5BH+$GRCY\BO*V(FWGQO;/9YA.[,EL=6W;=J11B M-LI!IJ!"F933D?B3*RR@E_)Z^S("Y-3FVS&J M/OK@2J#!%\U0+0EIGL!)@DAQ00"R44:8>472S7;.WAH/J6WDR%0$H M1G?VY,&^N+F?;4<]G=L;4]DMA>'$'+$MK?='V"EFJ!U=14<<,8136 MIZ$=$(P%6ML6^,9IZ+O0'";(W@_S'G^;&!)RS6:SMOY]1=73]30*AZJKJEJM M8$D6KFJX9'8%"H^B``!#7'(NUIFEK3Y$`(/.H^,E"(XX6/(><(1@\Y&(6)2QE>\<#E3-7:B](HUI2U:JLY#EB>50^\):HL@H*M62:X\^?UY MBG&Z:_0>VJ3P/7JH)2EO;8QE8C`L'L>K^0.&O]Y:\4"U3-!%KAH?V45>P,;> M-TLWL$M:H^TM>4R:7.BG-\?'^'871=%5)K35,,I*C8) M'JWK"`M"=EC,4C+>0WMZ1.2''F5GX*#@U>[.2C(CUBP\1BE6I,&:<,9@Q"S7 M&VVYOEZUPAP'`5`"ITR_.-&G/0IT242C(%)R#U=!HI7L/C[8W,S+&H9FYK:4P4;:B3(&M,F("2C M3`P`&.F.`X#@.`X#@.`X#@.`X#@.`X#@.!$+>S=*I?7[K# M9&TES?O>UO?0<%K+:O<[U7.E/:+6L[Q<$TI,K*9AGB$$D(\*#"23#I_KUMZZW]R]F6;^Z.P)A4R6 M<;=:XPYI0H82Y.(Y1<4#85S8DLEF3R.`C=6=S?$SPV&S"/J@+F\L\@LU4DSY M0!R7C(L'/KM?$K>'K;35B-LL1DDBV4H1@C]@19XG$$>GJWZ_:VN:PR/(_N+_ M`"R)+ET@(3R..,:#^\L6HQ')TQ?ZC!AQ]>$Q?BO]U2[/:XWU`':U:5O:I+4K M5@$O#()W`[!B\FBL>$UILKG(+^]M3FI0,F4*`/R#<*AD]B?.#<_V\X%D66<6 ME9D8\ MXP:L$'XQ>Z77V573 MO35NRLCIS4YFU&V:%KE#9?9MVQUJQ=2TH4F^0]-C9)$$7RU*4A;"`9R5.UYB$=G]Z;#4Q4D)F!9!T0E-@61$HNR2P MA2G3+"#XPO=G5,1(4YB-82=@Q'DX'B-`/KVBQG)B2WB3E'R^-WQ1(K4*0Z[) M*"OZNMG;J8*W5SU?M/5-:-+=$W900E52BJ\OJQ85>DI2'C,++C;$8-R/-+[` MXP+/3A9KYSF6?1ZRNWOTE;7^)199MUK45))Y+72!0UD#=M<'NY+`G=45+?].V79 MM7G')[$@,&L6*2B70PY*LPW+`2%@9G58Y-N4#D+"93DPO&$ZG."3>PS.`\)9 M9,V<-4A6\FF5D6PMHBO]K->IK<[<:K(55?%K>@C[.`J4`1C<$94=;7Q0Y*5K M>`H>5!!18S2,`'D80]@NA;KM)FRX:?;GL$U/K6%S%Y:M@Z%FLZ94UGM,3K)F MN:"'RB.U( M*"O)!(SEBQN)8&2:"?L1MU>C7!N4$!2D*3#Q'$&`P'N`+&*YXN<8N6BV%O%I MA4QCL19NV6M\#4L$KS!'Y%*KKKEE7L":[7Q*V>U-KM8:,:X6^7/L12=5,MCC2`K]VL&T(7$6V:A7%I3D MJB+K7QY1)GQ$:2N('YTPC"`@.+%D>,##G(FNU\2H!Z>^W>G=AHON-8%R#K;6 M&MM4-J9CK258<[N6.#A\_P`1L&3VN7)9`\MT4:6PR2I<9-3-Y1ZX0R\=Q9QF M/KPU=+,8YMBP2`;0ZWVO7H[8J^]ZEL:M"W'#.;.8+/HS+(T4\B\><,QKHQ.2 M],4\9":`7Q19PH[18%V=,XSPS99Q9R]@^_,?V3\E^\-?X[]N^\???GI?L_VG MX_RON?W+R_#^!\;^YYN_Q]GZNO3Z\(I#_P!Q3J'<.Y/K/G,)HF/.$TL>M;#@ MMUML"9R3%3W.6N&`?&N1,#$@*_N.CV2Q290O2HP=3EAR()!(1'&%AR=/Q;37 M?-\*7-_O;1#?9?Z[F'UWZKZW[(RG<^\<4M!IE4SM3$F86JH7*"R.+2*7*W:3 MN"<#3AK2O$7PE2JNI1*=$<)4M$DP2(K,].FNETV[[6=7D^NBW1[13VC[^PCV M#PMKL>,U7ISJ#2K=.'>EW^Z8LDDT>UOJF.S.-@2-46DPHP]V@!J"E95BLM&! M64B-2X4E9'D!A;-M])U\VU`G7&(-U!2GTAON[E12]3KZHN;>ZW(E4DNK^03E M^B5"/*^$.,'?WNL"6EXD3E$F69(SI6>B"@4"&UE&+L$&%F8[RWGMU\\/?KYJ M2S-J6GWQ7EZRJKL!%I39:'5IO0,4$KZ3P1GOMRKJ4Q=YNU=5,$-9V9Q=4B-* MC=W-Q*2(@&'(%N2Q%=RKP9)+)UF_W)`:UQVI[_VLT^EM!7T=.9MKUKU;IS\P M:S^KEVUJ@D$K9VIYV9)+3FT]J/%K)0",)P1K6&(SQH_P!UM-Y_0:>5S@BP M[AQ4$EE-:J720@*2LEO2IN45:XN3,:O&89*D:)7@YG%D1Z@A/U$+("L85G/V M3/"#L:8;&J*Y?6A>^STO;:2H=;ZJ:JK.F[LV#T\E^W525I8,=RL+FU:.]:E+ M6>WJX;S`*&51>)>L&455AT] M8GOC8;DAF9CJ+12-V%@:'HE'A6H'G.W\NLSQA.SC;@3YYPWIDR8]2=#2%&^JM^:=GJ(LV%2 M1<=)GF^MCI%:G<\S/G(P2<8C!\3))9NW%NWK'RM"]7>H=<+J M@]Z.Q,YHA$X7NGV+WBBM63&8UZBZ>$RM\;U-2F/S-AP:12)YE:G)BYH M"`YPP`DO)@PE`!@QOMSKK/&(S>C7UBSAZT&HW:)3L[NU%Y.&*["$)]-ET\5Q M?71Q(Z2?RW;UA9"R:M0JP%'^ZUG=A:_(I=-T55 MF>ZOY62XC;LE3+*L<7%F-6C5FR=K;U/R&<0C3E"=-C(A=A>.'/M]DEX1^U/5 M5QKYM;ZU+X]F%:R1_P!8)/ZBZWIZ@Y-8M-S*U8+7MS,;@8ED,(>8:FB4H5MD MR5MWSR2"#&X:G(7A)D(,!%@91K;-ULT\]D9HA3=/+-,6]?G^R]'TE>#:J4[_`$'E=,T>XU,CL"K'IGW6UJH"7ZPPO:>4HFB5 M-Q_W.JYN4IC2MTC#*O$6I,;VY,6'Y@_/@W)J50)'/\DZXOOX=/G[817]M?VI M\2[\4_'_`,<_\XW[I\7Q]OS/N'3O^Y>?^_Y.WM\OU[>W]/*Y9N<^WH?",(/C M^8_Q^#Y']KY/9X_-T[<^'S]OZ_Z.O;W?R_AP*9]5/\(/_;C[*OVG_>__`#!_ M"*$_RA_-OM7[)?8OQ9F_;S]L/%_\_P"X?:O#]P\_T\W?V\CIMVZ3/V^F;<[_ M``F_]IWJ^_>S]\_\L_%>W^*GX']M_:3Q_BP?W!_=KY'_`-A_^/\`^!X/IY.O M=].5->W6X\+E"O%XP>#Q^+I^CQ=OCZ=?]'9^GIU_X<,/X5X/[O@\/_6'YO%V M?]?H'O\`+V?][ITZ]?K_``X&7@.!B/\`!XA?)\/@_3W^?L\7]6.WN\GZ/Z^G M3K_/@9>`X#@8@^#RF]GB\_0OS]O9Y>WH+P^7I^OITZ]O7_GTX&7@.!\`\?<; MV=G=WX\W9V]WD\9?3R]/KW^'M_C]>WI_+IP/O@8S/%T#YO'T\@.SR=O3R]V/ M%V]W_<[_`.GI]>O\.!]B[>T7?V]G;GN[NG;V]/U=W7Z=O3^/`^"?#XB_!X_# 7VX\7A[?%V?Z?'V?H[>G\.GTX&3@?_]D_ ` end GRAPHIC 5 g901495bc_pg001b.jpg GRAPHIC begin 644 g901495bc_pg001b.jpg M_]C_X0`817AI9@``24DJ``@``````````````/_L`!%$=6-K>0`!``0```!D M``#_X0/#:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+P`\/WAP86-K970@ M8F5G:6X](N^[OR(@:60](EG)E4WI.5&-Z:V,Y9"(_/B`\ M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)! M9&]B92!835`@0V]R92`U+C,M8S`Q,2`V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M M,30Z-38Z,C<@("`@("`@("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO M+W=W=RYW,RYO7!E+U)E&UL M;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(B!X;6QN&UP;65T M83X@/#]X<&%C:V5T(&5N9#TB"\T M8C0'6'?K_^X`#D%D;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,# M`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`-P!4`P$1``(1`0,1`?_$`)P` M``(#``(#`0````````````D*``<(`08#!`4+`0$!`0$!```````````````` M`0(#!!````8"`0($!`,""`\``````@,$!08'`0@)`!$2$Q05(187"C$B&&$C M03,DMY@9.1HR4E.T==8G-U=WUUAY*CH1``("``4!"`(#```````````!$0(A M,4$2`U'P87&!(C(3,\%#H6(C_]H`#`,!``(1`Q$`/P#X_.9RW\CVKO)[L-1] M`[4S&M*HB#33:B-0MIBM9.2!I.D=.0>1O9A*V10=Y=S$0N^ M<=#%5PV<)8C(DAVTV,2?;I@W$36F\$[,YT?8+/S;86N,Y>OGU6C;3%$E]I&R M"BWJS1G"SDOT'I\=_@7CIH M`B5JT):4U1XQ@P&YG(BA'`1E9,6#)#D M82LA^/0CIQ+.`C7!]R@P:&*EN&VK7 MN2Q)S5IT5?QF3)"<*B"5:;.#"@'@\(NPRQ8[C')2BI-2[ON.N3#?S3_>FL*E MU4V'F56PR0ZW168+8A&(I!)%[I+%]@64U+'0OYBADD>!JCVIC3%Y+*,P7@!' MBP#&?%G(<5*VK+6IDS0SE?MZ\*DG#ANKS`;C:ISTFPP1R!VA&=9*ML#7!O8# MXZSJD^+*DR/7YU0LLB$_*E&!$GO;2$"+!1@LA"/S.A;42]M4SJO(-M1SXZ!9 MA$[<.0Q7?NL%OA"?2NU--Q2EGFL)T6H3&KTC0YC(KUQQ%)4>W$C.+2C4JTBP MLHT2-6I\D_!0M:\=M(:"B_UB6ZO]V:_6Q]?I)^JCZB>T?63V"#>^>V_JK^0_ M2>S?*OREY?RA_(>_M_B\O\W?S/S]#&VOR[8P%W?N2/[9+:K_`$'0'\P-<]-3 MIQ>Q!0?M?^,*6S.S:PY0%D^@A]>5W([RK%-5J]@=U,S!+<0_$52RQ`]",RPD M$I@R@P0,9+\X`/%X1>+..PSRWPV';_N6M6=^X7![2V-MC=4NQ].9MLO!T%6: MHDM+BB*KE2YQM[)BRT2H20IL4'L`6=>(8PC$(T:[(LYR+OT9.)UF$O5`3*4_ M_)Z7_P"..,?Y@T=-#*^[S!A?;<5-I_O?I_L]H?M-#FVV!Q>WB+WCD+=HB[-C ME!D,QB;###[#@=RQM8D=H\\KG&*A1J$>#T2@&"0Y")4G4&E$D:Y6ZV5D-\:1 M:14%QS4&;0M"_,;=6:&6S&Q%:V>R!(^O07.4GE+7=0Z2+V]IRJ0MR1$4008I MP,TE&G+`,T>`8SU3C:SLY>8E'QC['8VQ^Y]E%ZH7\V21.6RC;E+6[D84D(*% M6$>KV8L,!`C+1ITQ641L=0$GEF""(X[!V3#1C,$(68CO=;>*`Y=R(T:S[IG4 M@2M*F5"0\<=AKT0E!)9V4:X$EM1*!8ER8$62%0$RLTO!@>P\`,$'OV%GNU,+ MZ7XF-=8M:]X:+8=Q+HT)V4U#V:K^9;.[*VQ?_%M*8'&%Z]Y:45IS&'.5?_.Q M#@YR&'6.X1**E)4;>M;F]C,5@++$!07^8X5NKA636&9(;3%"3"96!H)6H?1< M>W+WH=)-W-5JL?SRL%:C[1P[V9YE#-""%R@P,-:O7NZ![$W$Y+(1.;>Q%B_ M;#R5VSRVTS'2)*[^PFU??RLR.DOJ_P!B-58K\\?JS&,"SVPQ5@0,"\W).1]P MXSW[XQT'+[#'G-?+7Q5RF[ZL"^6OJMC1;#/>4D?721T4LB$9+"P^3E(RJ5QC M:D&3YHO!D!0<@\6>W;OGN-<<;%X#D4J,+Q]IT69XP>7_`%<48%YGB#X/#Z!H M_-XN_A[?MZ:'!?=YB:G%UR"T9QZW(DO*9ZXSFY;#8LJ01>1P/:N;T60E0*\% M9/8I;#&!D=HW8C"8<2$P21R,]$:((?.3'9`'.!VO5V42$(Y&_N;-G-VZRDM$ M5#!(_JG4,X;U+)/5#)-54WMB:1M<6(ERBITV]HBK=%HV\)Q9)7E-R#UJM.(1 M(E82##2C!FO%6KEXLIO[96/=J%6B&V).+C8%T MH;&XO/GN9T7<,IEYB8O&3E*9.:45C)H@8RU,4KNXFM9/?KRQN%;C"OC;;E?J MCD`8MB9ULA&["6UOK+")7%7J08?[0EB&QGR.>U,)F9<(I;,&X@LE3)4[<1'$ M`CL*,FGX"/H1KDNE1J($19!+#Y-(I!*%ZM,F<9(_OLD6$(E>0)4:R1.JMX6I MD&/,#DE&4I6""6'';\F,?#H>@<'\\K^YY>;YQ?E_5;^-\P/@[_K:[?QGB[=^ M_P"W\>FAQ_?VZ#1.RUG\,45L^V[WQ]([^2D1X4U3WFUT>IM`"8^/MJB+Y MD1TQ;CY$,H<8,291>>/.,(\E8+[%^''3`XI7CTS!7U>[:\"]22A).*JN'C2K M2:($RU$AET!64'#Y,C1N1&4KBE2OT?3-[HG3+TVR5[F?X0`_'./X,?CU(1KU]YXOEGAB_X+:0_T=:Z_ MZ?=(0]?>6S1C?QD--IQG.O5?ZJ1*XEI3ZDB+A7=20:$S=04%C7JY$A8'ELB; M,YBR..)51BHD@[Q#1EFY$')81]J1[XQF#2EFZN:SW4_)93<>O-'VQ)T+62R( MI%9-4P60V$*UIQH"`F8*"8<,6`]Q"SD1-K)LKG'' MWH;C.K]W]_]5\B>R_*_J/??Y;X M_2^+U?[WOYGYNJ27,SB(H\@M::+6M]QIM-%>0N369%*%S4-6N25QK!JF3DO/ MGJ.AJB!'TE1Y`)>6F*.,`48+`YJ>BKLN);A M$8069

M!*:4<9V&44//EX'998YG0I-"9C"S$!$TA4NAA[NBPXM!,OBC[%SG9N%X>S@U MEOS'SMX9*SVE0/,3V"B">3R-G*?&?1-6NW;A);$2TK2BD*Z>CC;G M%WL\O!1BEF6!),$,`0AP%&MKZK\X&%HES/[LI:@^99=(*,>9$Y5ZX7$D>TM< MJXZTM:">\5]K;NPJNA-HYTX%*P0"U(B@;,.`U`5;RU"$6:66>/!N!K96<.V, M#"#G*'2;E\=,S>_38>9?.4TH>,(B1)T?NC_IQ>KLO]*G$8<(A-A6K'Y8,C%D M(>V.^?QZISRE=LT;=Z&2=`3H"=`*<43G_P!MC$&,"U\8S1@+=4S. M\9)6A($(.##4X<9$'\<464WJNY&4-L;XE?)=]L6[[:[1,T-?K^JRUB#&&;1R M-I(]Y+U'-A&RKCGEM0$".+8AR2"OAB-R3)1@2J!8\?EA[`P":&JK9R[5D$?9 M)W(ZL^U^K^T(<>E2R^MM&*ML"**ER0MP1)I-"W",R5@4+$!N0E+DA#LV$B,) M%G`308R'/PSTT,1/+'>`U>>5;E(L36R@]SV78;4>Z;25SRX8C4],MVC,A7U_6J22;%GL4\>6K$,9D41HZ4%.#NX(UP4[FT*#TQ(SC"3RPCILHGMQCQ, M]2"S^5:/435'MVC>G$KA-P6]-S72F&/CKK5?BNKY)=UU2HAS]A4(C&=#-+&C MJU0!M5`Q@HEF,R2882#PAZ%BC>;GQ"(\4?*+R.;)E51V MJ/*=4\Y.@)T!.@$G=O:OY*X1SV[0;!\;Z?5:P+=D--5U%Q5S.[ZH1?8R*!8J MFG$TH>7JB'.VXI:$=2DO;$A].X+$9*/U M6JJQC12$^UFJ4*T)M^$WS\@MXRK'2IT7D&!\T!AGI,Y\P0>P33?..\9SDE,R M<[[9X%(`DU0AE6-"H[$_FDZ[*K(ICW$E$UA$X?78V5AJ/Y6%DO/@>/=_;1XS MC(3LXSCNT.2?^L]XM;J%KS?]>TKK)#5L4U]L2'0N[.0^1N4PK+D*T75IIJUW MAI=&:IG4[^A[JG:*J<[-52!^7&M:JR56'F=QU3G"+"5:G` MP*U01%*LE!R(.8F8PC/^&9@XT=:KI9>?MDO&QI%3R!.;"YLEQ"'S<'3ZQMD? M9,ZPM48ACH^4]1DT`O3E/,<2(70M.R,>&II951'EF#2%!4F4MVOCC\,>KZIY )R=`3H"=`?__9 ` end

GRAPHIC 6 g901495cov_logo.jpg GRAPHIC begin 644 g901495cov_logo.jpg M_]C_X0`817AI9@``24DJ``@``````````````/_L`!%$=6-K>0`!``0```!D M``#_X0/#:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+P`\/WAP86-K970@ M8F5G:6X](N^[OR(@:60](EG)E4WI.5&-Z:V,Y9"(_/B`\ M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)! M9&]B92!835`@0V]R92`U+C,M8S`Q,2`V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M M,30Z-38Z,C<@("`@("`@("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO M+W=W=RYW,RYO7!E+U)E&UL M;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(B!X;6QN&UP;65T M83X@/#]X<&%C:V5T(&5N9#TB"\T M8C0'6'?K_^X`#D%D;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,# M`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`2P"B`P$1``(1`0,1`?_$`(T` M`0`"`P$``P`````````````("08'"@4"`P0!`0$!`0`````````````````! M`@,0```&`@(!`P$&`P@#``````(#!`4&!P$(``D4$1(3%2$S%A<8"C$R&4%A M8B,D5%4V(C0E$0$``@$#`@4$`P$``````````0(1(3$200-188$B$_!QH3*Q MP=&1_]H`#`,!``(1`Q$`/P#OXX#@18V=W"J+5%)"B9\DL.8S6RE[XAKFI::K MR36S;DZ+B35A_FSK&X%$4:UW5L4'CW^N=EP\%IDA(BP9'D\].2:6*S.RH(7; MMMI93G6$UIC6^A(94%CMK:X5:AOV[\)W+:"0.+N\I5](PJ]*\"]4?K'LK$FM ML(PIA-B9,U(P%DIR`X+*P+Y5!A)(1F!-5K-IQ#E]L1 MEVQ@%D6=V.=G>HSLS:V;#2B)NL9L.E;"?W[?;J-B,70%-=6R1*Y1EN(3L-=C M":)RFC='@K2RG=8H,=TZL@PYO.CK'&?92=8_Y*[W6#3FNK?C:R\9Y8U6[`1Z M\$#HGF4TI9M9FRCM]*@=V%(GA,XVFHQ4U/U5+;QC:_)ORR",80+#3D8,9.3I M!C9TM<[6F-(TQ^&V=[.O2'[65'"$=9O)-%;+:XGM,LT]V&CZ+`Y+2\YB2/QV M!I5*O::X/M721&7],D3(<(Y,X-QP\B+$<`H6!6W&==8E@F@O9C#-BQ'ZX[&J M8?K_`-B=5.[K7MY:OODC;D#T[2Z*MY"];8%*IG!66KL.J)LP'%OK4K0>28G0 M'Y"=ZX)^8P6KC6/U6J\,'`Z#]5;:3O!L'#:^U;?H].G^KJK@U?V*_H&":PK\,P61%L[I,FY7A M(XEA7E$"*:4XAI\&8R:*.]ZVO$3$9T6?77^XMZZ8O$!I-;[!?MM]@9::FC=+ M4'55=V5!(#U7RG&@)R(1))P\8+%6([5^N MD*V9?K`&.F6=.=OIFG,WJFKA4>XW81N)6#6D72G1.&PYV;SM6-0-)%V4KB)% ML%8;ZS(8RQEI\*U+HV%KE"TI:!8RD*C<6Z5_7:(\?NZ%>M'8"R]@]4(DYWPB M(BVFR??#)P'`D%]UO%$B]\ ME!$:;[$C<$3-XGENMM_J&0-%J,U*RMA+=&,Y_A-Q.4/*C;PB+6I#%#>YFA": M'/\`$U2<6B5/.F6PLI,D-6W-#EDPM5;L!83BV1B/,Q#Y5+ANUM!*&EB1[*7/ M)VR5-1S]`=)^N^K6[$)B2):AR4%LMO7#V[[0S/ M=4=,=<.F,CW>H#7EWD,0V^L^*NC%&&E9:)S(I`VU=4MF3&11ZOBGBO'4Q.H? MSCA.(U0\C1DE$X+\HVI%(XYM.)Z*^44S[!]SJ!V-U-7&2P[(S#?C81=9 M0KXUI5-]20O8&+OKB/Z^U)I>N?9"?6[7@Q0LRWEY&LP3G"8&!9#CD:Q6;5F+ M1IA?;HIKK1F----6V.Y,B91)(4AG-+U^GE>&!8,.,) M#7I.W%A&;D.3@`R9@L0,'&^^N5IF)F(VRS'>NC95/HU#K%K3+6*PJGE/XQAC M?+E\9::;C5D.A+1$&+:.YD;N02JG1>IT./=I(R,WD8`JB\CAS.`X#@.`X#@.`X#@. M`X#@.`X'*KV#:(;N:9079*>]9[6?8%(:Y)U5V/F5S0%>+YH"VLIMCM6U;3'/?^?NO#ZUV_3UNTEH M`.AY;2'6-5"DBZ!GH,_(\K5*@8\R99/SC?5R/L\R1A4AD65N?,"[!/`;C&0X M#BN=N7*>6[]O8GJ^9N-I]2ILC0OS;E4EPM;CC"_E!G.,\%9XVSC*M_KDWB%JG&(=UG]D6(QK)LAK75 M[;'*ULF6R-`S4%M715=H"F"/6A4%D/\`EH93'AFCR%.2_,2P9#FB/+$=DK&, MG$I35ZY]]-:R\&=VS=?=JJE=#:KN,@I/J]&K<8=L!N8*2_8H3C-3MX!X^3YXL1';UG]_#P7YPR'QBO(A%H#" M61!&H;"8ZRQ*)QUJ)PF;&&-QUM3-#(SMZS&B5.*]A-2-@G%5.MI='8 M=(&J-SR!W`(9.'?8;4]L?O%C#FZ31O#G,GAN52##JM)+/1C^480$'2)BT8M^ MT;3_`*BU+`V4@KQ92?3LZ#RDEF0H>M3:YQ?(ZNV)K:[T:):FC1CF@5D12/ M%A4'BRC/1,8)NN>$\L^[^?O#KPAL0C=?1*,06'-"&/Q.',+3&(TQMJ8E(WM+ M&QH2&UK;T:9.`HDA.D1I@`"$(<8QC'\.5P9)P'`& M($K/J^-)!QF)F*Q("9/-I,]-D3A;(K7``8:C;%4D>TV5AH`B,*1@-&#`AX#C M)JM>5L.=J:;,?N#J3TE8>U:;7=J;-*N'%(;=\NTN)I4+,G)T4LR.))$01D MG!JE.`T32T8\WA:^=T>FVP]G0VI6QNV"JB3VO$)#/*)5WY0D[J2.;!12+-A[ MV\.E,O\`(DF$,M^)C3#6%$"RF4*$^/<46/.<8R)[=HC.C2[5^XEZWWIJK.7- MKKL$95MEV&DJC%U*M<[-:J=@UA."X21!$Y_/7=J0-32]JDN`KLIDGG'$-PPJ M#@E%^N<%^*_JB36O?)FF-D>U2%[CI[(G%<:J[*%0VI$.OVO$AF3A7%,H54G; M'R86])8\##&V,:=U(;TY:]V6)3U!V1A3E&^TSV&I[>8K-=Y6=6_W$Z856FH9 M,P.5L;`S?9:KVV[*?J;6FH9C<5JR&HG1$)>FL-?#F-&0IC4=^,HT&1.)B4[) MRZK[6,E>P#93;[.OTQALVUQFTVFLZD MK0LC262T0\%_(U*]?)VVB=PX.J9^X;ZV2T MS,^CE%V%U^IMEPI69VVHH*QT53U%/$;B8WI&^UIXN:4K+&0/>"#E2/!0U9XT M!(U1A1:?VF"+\5_++>U*=R&D-V67<=6)Y+8U52"E:EE=5'L9($+HMU_GJBN:EEM M,0642)M#BL@+"$(L#S,K';F)CELB#HQOIV M=6[6M/;A7IO?UR8UT+ACY>]Y:_12"NQFTZ&FJ^:W^06"T-,58UKJJ(F2-@8# M5(`%@'@(/3U_CPU:E8GC6)S^%W!_:=ITFJG36Z#9G*\0+?2PXK5VM[ABO9:) M;)9A,EAR%A1O[7AM\Z'I5"@@6!J'$!!16,>HLXQRL<+9F.L(JS;]PCUQP=). M'52^7T_QZJ;6=:>N.6Q77&UWF&T_)VI^%&<*K%EF&!/'V1G=W@DXIN$6H/5. M&$Y@B"!A]N1%^*\MU7SW&Z647;J.AU$@M"S;',K1LM^3ET53-@72SU35\A:4 MCTP6+:BZ"L[H*,19:S.29?DS!9YQ2%04>:6`HXH8R1V[3&>BM[K_`.^MB=], M*,L?=5=)K,V:V'N*^H?4E2ZLT9))M.I[$JHD!*(3NRU]$1N@RT+.WJ0>0K/4 M%>0+WY+"+XC?9&K=OW>W]8\5N51=FVJ=XTZS777S[-E<=<9](*M>(Z^U])(G M/X/843-;B)+$IS#I.E:G1@>&47DC)N,Y]MRQ-9B<)Q?BN._\ MH1_U[\5_RG?]=_Y3[K[C^[^?_#PRA3V>:8?U`]&K[U42OR&+R*Q8ZVJX1(W0 MM08,L`S`A#DU2W&V7.Q8#1W MNWSH(S=2[SUVQ*!O!T!@^OTXW)=[^@2NJ5-1P83(V%R)NC34H/>@O3U&X\0G M6B)$M/,`,\9*`!YI99$=8^.+<\^C6^NC%;G6]W,VO3FN6N<@W/.H3JHUFJB5 M12&3"$U_8S@V,2>LP*K"BOYA.K8P+RG>>X+RXMF%@%)*);@XG"@23)1CJLXM MVXF9QF4-5FJ.VFBMS=3L]LNGXVY[.;'=G6UVU39JNAG4;1-D=*E#!3Y+35X) MZ(Q;#&B8KFM,J.3J?D-0H5F40#S,9+-]CJN:VB8C:(3OOWJRWT[.Y[VC;2RZ MCM9XN<[.5F$2>&`M^32,3^*5?BO$2/,Q'% MQ!GP@7"5>P6"_9[L9#B+SK\O+/MQ_29,`Z]MMF:.?N043K4@2%V^$@G:O5D` MI=!CA6FB=J_M=G:A"-*D)@8J$UVDZ4`0O64&2\J,BSC&,#SBL\Z^SRW5Y,'5 M;O5K3/M.-C%=!;,VDU)^O>KM8KLKC3K:^-T%L13EJ5X=C)9),K1S9@9IU63X MF1$#4)D+H8GPM,,.-Q@2=/Y$:YUG,:;]6XH1U.[5M*SKPT^['GB]XU`,S^L_5WJQ5-H(Y$2@N0XRDYU^2+9TPEAV)=5>UFW^]5AR.%Q=%'*EG MW43)M76^UG&41M.RM5[?C)QE<9&(. M2\DK>M:XZ\D8M7NN[:BD8>YI=T8U#6W6\B!(M7*[K#LJEFGMYU#*;,5/9CJ M^(+"MF!3J`GX=WQBD;U$3TSDT/JE`:`"<>?;_P"0?3A;=S-])]F4#*ZT MX[/;&H;I>USE.ATAJQGZX-OZME-S6'*+GI98"4QJ(S3"HR70*,L\S6.JZ*MD M84*#EQIF<*CEF"BD2=0`0S0%FUC(=^-Z[$.=P)[LVHI`R/HG\,GRP,6#FF,KC@IW)4E4E?#[D0S77;6#L*Z[]V;>N"#:8*MJH;N?JIJU!_J3);%81,ZA;EI^GXI!G^(6JLE MKV0:"M2GQN4F'KF6(C@FU;5QG&)0K6UC52.Z%!@LF4IWB)NU+REEGJ"L99`I3@HDU4@7J#G!`) M*/`0$>0(68U-ZS:9B?\`%\_3WK]NJT:Z6&S]DH);+CU-XRA_URB=^S&)VY>< M!I18V($;8R6M8<4$I:I`]N1H3?(($I4>X/R8,"`DPM.58<[S7/M7:^,G_P!N M1]QXWW1?_K_[?^7[C_!_+_=PYONX#@5H5_X?]5"^O;_3[\W]-D+^7\#_`%S^ MI#\/U2'^W\Z?F_\`@?D#Z^GTGX?\_P`GP?=]GKPW/Z1OOZ&Z7B?JFZ\?(_I] M_-^;LP\7]6GUS]1_R>!%_=^A?Z9_H/S0]/3ZIYG^7\/B>W[?7@KM.^W3^UE_ 8#!P'` GRAPHIC 7 g901495tx_pg002a.jpg GRAPHIC begin 644 g901495tx_pg002a.jpg M_]C_X0`817AI9@``24DJ``@``````````````/_L`!%$=6-K>0`!``0```!D M``#_X0/#:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+P`\/WAP86-K970@ M8F5G:6X](N^[OR(@:60](EG)E4WI.5&-Z:V,Y9"(_/B`\ M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)! M9&]B92!835`@0V]R92`U+C,M8S`Q,2`V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M M,30Z-38Z,C<@("`@("`@("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO M+W=W=RYW,RYO7!E+U)E&UL M;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(B!X;6QN&UP;65T M83X@/#]X<&%C:V5T(&5N9#TB"\T M8C0'6'?K_^X`#D%D;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,# M`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`3P`^`P$1``(1`0,1`?_$`',` M``("`P$!`0````````````D*``@%!@<+`00!`0`````````````````````0 M``$$`0,#`@4"!`/'+D&3S'SW(ALSBXUQNSB5\3&(,I%6+.S7('Q?8I_N$3N;BB#DIP% M0NU!5"T"TO+O[I_S:SF6VO#G&W%?&%4XKK33`0)N3W&&.#\V#(14 M38A3M053I\T0&H_#;W2O$KS9B-QN-<7E;@_A1XN\M>1F>RFVZ_!,4_,:[RWR>YNR2X"YY MCR[(NVMG(=U1BBH"!( MH+1.":[@6R%NFRKOUT'?[/V;(%O1O66*WYU$^0W#D3 M&FW'@^^*')1^*VX3+?<2^JWLXJ]>G7KOH*N9?P5S3[=&9<7\TVM-"R"IQG.* MJ[8R:8!E"8FULEJ6,>UR&*#LOUI_GH+O\`!\0'HC#^>KD#);"RW)7 M8'!LVS%T@1!<(4+;=55088N2:U]^K?B`5H3-8=1]N5*RS*[NV)U'NI MNIZ+X"A%]2B*?PT!+M!-`O;[N''(3/(K@7/3K$DMM8A=1SLB<(/QLRFD3VZQ M&A%1]8I3V1%W"NXBC:%MOLJ`),\'ARIHI7PZB.[&;&+'BC$;9BC%;$F@8!!! M48!UK=#04$"5?A\M!SKB[BW!K#R.@9\E=7VM]C<^IQ98S`',HZMF.VV4B&U7 MR4.L*TCL.J`$@*Y'!XA3M0U10+3;^*G%7_I5;FK%!73YRS5R"!BF0`Q)C6UU:])?2+';_`.-EMQ1%!3IH.PB*[?JF@7`B9I_;D&VRBQB)(BP7VJZ.T0 M&VRFBIWZ"X_%PLF8$FXDB[Z`ME76Q*>OB5D%H6HL)@&&0% M$1.T$V[EV_J)>J_Q70?OT&$R7)*+#L>NLKRBU@T6.8Y5S;J\N;*0W%@5E771 MW)4V;+D.D(-,L,-$2JJ_+]=`GG@7N/7GN<\M^X3B];E+YXGQF_AQ>,_&S1!& MAK@^(6-@5UFCT80%ZSR//;0$:-TB)(S*,L@@H2]P5SH,WCK7Y5CLMMEYJZBD M,09+8DHD)*G9VO)L#H]Q`2$FP]4_70;UXUU0\=WN:[_\;*%V_$E^0$?\1^-RJ:/^])L$8+UZ4`(GT-OJ""'ZBBK\]!=/030>;7[I/OA>4WFA`E<;XZ+'#/CS M;VL:#*P7'I#CUYDD9XE9@NYMDB(W)GQTGJTI1&19C(1(2B7:BZ`*/CEY`\F> M(W/F(\Z8+]R<^AE/0,FQ_P!1V/$S+"[$FVLBQB<@[`BS(X(Y&<+=6)C33B?R MKN#2&7XE&\@L+QKR<\952XIHL9QN@F-R+65%CB3B?%"5&O6?)%1IB-'!5-PMT1!%?@G706)X$ M]Y+P?S/-LAX(O,Z_\KS#CS+C3(CCL=]H MD7="$E1=!D-!Y`V65#%QCUS'-M$=_&3W0)%W(949E93!`1)W`L>4V*I\%Z:# M!2<:C7M9"LV6&R&SKX,Q41$ZK/B-255M?J7=?4V3]5T!V_9#YYB<=\LIXGYS M80:W$>5K!R7Q;86SJ-Q*OEJ2#).XDJA[JFV@^^ M*V78'71<5R3!J20_21?$\B%(@,XWRUE5A3K)+O-ROR&:[=1;"*]ON46: M](?["^2IVDJJBZ#>_%GW"/+7PYN8\_B/E"Y&CAOMG9<>9#)D7N$7<1#%2`Z6 M<\ZW#(V^G='5MP%^!:!G_$OW#7&>4>(/*G*#N"QZ/R7XTH<>D1>)+*?(3',U MEWN9XQAKUOCERV!2"KZ9,C^_DQ'>V0C$Y`2E?Q:;(CNL27:)ILXDEN M2\[FN#MD##K+H.$CB7[:"((JEW?`?\-!HE)6YSB,/%J5:C',YQ:0[54M'D>/ M9K@S,^OJUC@W6S\CAGDQULNO".`>M/BOAN*H7HJJ[:#IL7$\K_*U(T\N#_J4'W7Q7T MXDYQ]M?^K90S?@%;7K''>/,VU+,^UK\I>KL>(@9ELV,:QCR;*+8LR69!M%9Q M9L>5'-016H^X"!+ZA`(+`^]IAE="\_L@D8Q:XQ:)=X0Q.O4BYAB;4BHGK?3I MD&!;1I5U&F1)8E8S&6T=;!51A43^540!+KC=NB/=BT).@O>A!F>%H3AH2HH* M/]P_]GI_';JN@S=-CMN%=EK@K1DCU!&(VTR_#"].2&58SV@>V0JC:$2;IOMN 'O3?X:#__V3\_ ` end GRAPHIC 8 g901495tx_pg002b.jpg GRAPHIC begin 644 g901495tx_pg002b.jpg M_]C_X0`817AI9@``24DJ``@``````````````/_L`!%$=6-K>0`!``0```!D M``#_X0/#:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+P`\/WAP86-K970@ M8F5G:6X](N^[OR(@:60](EG)E4WI.5&-Z:V,Y9"(_/B`\ M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)! M9&]B92!835`@0V]R92`U+C,M8S`Q,2`V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M M,30Z-38Z,C<@("`@("`@("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO M+W=W=RYW,RYO7!E+U)E&UL M;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(B!X;6QN&UP;65T M83X@/#]X<&%C:V5T(&5N9#TB"\T M8C0'6'?K_^X`#D%D;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,# M`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`*0"*`P$1``(1`0,1`?_$`&L` M`0`#`0`#`0`````````````'"`D&!`4*`P$!`````````````````````!`` M`00#``(!!`$$`04`````!`,%!@IVEE<9/80D>6UJDHY[=7IG3C<9FRB^HTF?0"H^3DG`B2@FFNF?L7 MWVUWUU"PST],\;9W60R%U;F)@8FXUX>WIW,';FIH:6T90QPE&@L-8*&"CZCE2'/S.Q.^!,@H;!I1X#P'@/`@ZJ^D:5NZ M86M!:IG0,W?J3=V./V3NRA.RK$QODA;R'1O:190J`E&Y`=H$+ML3HW%%_A[^ MM%_C4SC7P)Q\!X#P'@/`>`\!X&0/<_8=D2`)WYVXO>/MLR23`6D':YFG44U& M+6O)PRE!JKJY8P8QF>[.CK(.4^RYVVT);*]CC>027JJZJ!`Y#A+.L^;@U54_ M(=,R66W(H`WLU&$3UTDCR5,^J[4B#.(%8#3F<)K&/+%2L)534<[;FZ2VRHPZ MF8^UJ;.A>^2%)M1_FY"4EKL. MT1*&1QH;D@6AMTVT"8F$$85//V(YWV#*NT'V2_MVMT[G1@-=HC^OVOC61UZ" M=DE38_(;ZSO\+[&:Q*6^\1Q:6*LNQHA44!EMF3YV39(?"F0Q^?7'?3=930033WH,$(EC8AP='`C;0< M,5'7=\_3P,8+WZ,E'3@8XD#U?Q>897)5:UJI M@C+F?%[+_839"FB^A3'#Y$"H*^5IQY%4QEBY1+QMD2Y`T"E;B+(M>-%'4-`: M.JZ`<=4(L+)I#%&$%C$<9W;,]72;X=$,/*@J2CVY#"J;H-L6A4<;PT6UF!QM MJDVLP(HV,[93SML%-&RX[W_8G(2&;GQYDW/?%K4ZJ@R_H0811JNF^A!<[HFQ MFC]3D\;U;&G!7&=%Y&LBJ]Z#_4?0`C.OL-5X^QMT88F>.,Z9"34PM@+0VIEG M'.A>@+<,F(+@IS="3')Q)^%+'R+D+*KJ[^]M]]MLYSD/;^`\!X#P,_KI_8'" MZ\LV=4965<3&\[GK2.ARB?QAE>817<;A;6YLN)"U_P`Y-+0D49&=#7-H4361 M&CXKZ3Z4QKNGIO\`]O@4%CMT_L+_`&&45O-GJ44W^IZD90.N^+`25[7N3JY[ MK)O17)=5Y(#&:,I7'*NO+ M(KF@ZQ0E%/U)':(CE.TBZ8J*3-+0^)U95T8#C,DD#%T5U&Y!ZR1WD&7-)Q@] M=ZC%NYV'`M75(/'_`%\\`%C+,YM@O6=LP^J:EY]'@ MH,O;-IE!XO:7^_R-\8JB-)68G'KKJR/S*3.>18\=M@L6J:I<]="9._Z_RT@3 MT";UPA0V@K/]7?!U50F.P>.\W5Z<,P-8P"\AD+5J\R^3G)):ZG267R0C;!\A ME#V3]RYIJVO>N=?6O_3P,QI%7'/5EJ2&_G&P;XK[@_FYTW6@3PP7Y>#\1 MTM?K-(4`62706/N\KDFTHAM;S!/#7"D01U]Y9+E\KC:K"A@[%!(_+]:V0OURE,F#EZ4O,!N$J@>:1GD4.(MEB#D0E5J'L.2OA&#'AT4)&5 M./\`E`!5,&:]R=@@CI"[+]O/96L&:PX9=W-VLZW@R$=CL(DM>V3^P&RHP22A M,J!K1UATN?A1NCJG8DXP&(R*[(D-F5_P-3=U`L819\GX9B\X[$[SJI@" MQ&8RFPJ36H)[#Y!6]!U>H6VAQBDJ4@$J3KJ7F*.S@D"@7EM!*>)2\ZI:IHX' M2;PAPSS<>JEN]>DH"Q]NLUJF$4``$XZNLW"#CZ8QKJGI]N-?[>!(/@/`>`\!X$:SFFJ@M!<4FR MJIK>PB0$MAP2)S!HQ+%PT-MOOV2$6?FL]09+;?/O[=,ZX]_7^O@8+7E!J;[B MZ41*3HV/U14#\UF=CWM'ZF@>K.B[M9NI;?3[,<&PZ#OA;2>)A0]OPK\9 M[FEH(1C+>$[)+A4/]B7ZZJXJFQ)(%S-3L0Z%Z$!YO-SS'S0WU>W:P+EZGX:` M6O#5"2%`THXYHZ87SI)NKY?;/ M2-4U186GXW-=#L_1-CJI16G@#5B`[/MC=QE4@3)M>VLIZ'KM.RN18JT:"@?; M^?\`G;^!R+7%9#W^Z3>$5)TS?;!PTP*/D0L>U$9I%WI^Z8>1R56]_@-5/SA# MBSXO3#(J*J,]R3!?Y4C]J@M^FH/S'K!2:,S.].O'ASMSFZU7AUYBZ]DE=L;35<8>XN]VA7T18FJ(QVV[_`%]F8AJK%E%'59(>T;Y$PF50#G#F2N\?9\F57)OCXF4\+'F'.JN%%PC MN=5;^UBP^B=+IO'E^D+A8X4!'SN9ZO:;QCSE3/-$YW(?-97<3S`I2QPM\Z(N MMO9%`16$PYP8`FS=0W(60-EOEV"4^:[$NGEFQ.CGCHGE#L6S4[LF@NI-W1^$SY/`V M^N=,XQ*]-\>ONP$O@7U^U;0IN1C')%;VDS;ICY*>;*DK5RTXY0WWQJH M2H(T69TWML7KIG[_`(=`DM[FD,'&<[XK^#UE8"IQFI,4KZQ' M*T&`5MTRG^`O_M3I!J^(5/7QG?YD=6_*:6=TZ4- MJOEJP([3TVLA]:8A+KI>=2C'VI:K<_R/]_F-:L:`RH[Y:F&=+(3#H4J,(&<9 MJ:JIG`V$]PZSESERG./*;C%'4A'=V*(1M'*A!K@4HZRB6OI.NF7:7S20DX_. MDNFFH=K#Z9KF"S^T[3CD?U'L&YSXR;8DJ+.<'-T M>DH8P(QN)LZ"K@23JTQV/MJ:F16X3"`:9)9)'Q_.2LIN'#2+F6OIATK`>H)< ML\R29U+7LC@=3QUU)&7A=>%S9P37G,_CS-D7&Z5A2EF"$:%7+=7=1!I0W'1P MGJ01E0/%NWCKESI*3Q*8WY1==V\_0=H?&&-+3]A1D;>(RR-4(EW:S&%QV587 MH)8MN0733.&)P,2EJLC\:N/O\"8]J]@W^BDU@E$8\%794<,B"L);&H-JC.(N M>"LV&,"#.VI"A"-2[>ONCE%+333">V<8QCP/UA<#A-K%7IZH6B0G.5N'"%E?AL3L[% MM$7$9P`==/Y!/3`>`TGH/F.M^?4']S8`\!X#P'@/`>`\!X#P'@/`>`\# "_]D_ ` end GRAPHIC 9 g901495tx_pg003.jpg GRAPHIC begin 644 g901495tx_pg003.jpg M_]C_X0`817AI9@``24DJ``@``````````````/_L`!%$=6-K>0`!``0```!D M``#_X0/#:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+P`\/WAP86-K970@ M8F5G:6X](N^[OR(@:60](EG)E4WI.5&-Z:V,Y9"(_/B`\ M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)! M9&]B92!835`@0V]R92`U+C,M8S`Q,2`V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M M,30Z-38Z,C<@("`@("`@("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO M+W=W=RYW,RYO7!E+U)E&UL M;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(B!X;6QN&UP;65T M83X@/#]X<&%C:V5T(&5N9#TB"\T M8C0'6'?K_^X`#D%D;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,# M`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``$0@`Z@&``P$1``(1`0,1`?_$`,P` M`0`!!`(#`0`````````````(!@<)"@0%`0,+`@$!``(#`0$!```````````` M``$"`P0%!@<($```!@("`0(#!`4(!`83`0`!`@,$!08`!Q$($B$3,10)02(5 M%E$R(Q<*87&!0C-VMSB1H5(DG*O8NX MND(>PUF9E:]/Q#ZUD2>Q,W"/W$9+1CQ(4!]IW'R#51%0O]4Y!#+^7/DSL0^' M^M7(*Y#;77"233IFGBF22H_971.S*!1MIZ]V;6[GKO9=J)2:)<*VLZEH2RVD M\I)POX0P=-&JH`L25AG2!SJ`1(BB)@,8/3FKBTZ/,T;NRW=B]/;WH2C>A'5) M/!I43KZFBM;_`+#A==M*XO*LIR5=VVW0M(KL/78TTI*RJ&EF<_$16L,JJ@V3,JH2.@X%E)34N\,4O";=JW675-P4A#&$`QF(QDH;5>W:/NBN*6W7SFPOZ\1^ZC4Y"?H]XHWS;IBH9N]_#FEZKE;>R39J[ M3.@HNW240*X3.D)_,ARA+36#,NXV]W;3\N]I4Z5PE&7_`$MT.[F[U`5^V4BE MR)W99O8*MB2KI$6BBS50]7B!FY7YUT7]FS`K$.4Q-_:'^Z'KBG$I&U.=N5V- M-,*5]+HBL<@QE(REW@HBYU.AO#N@L%TB[7,0::;511H=E31@`FS.G9?V;50G MYD:^T4WJKR;C]4<4XF2-JQE78,8P#P8P%*)A^!0$P^@CZ` M'(^@IB[*UJOZG39+;!"W52Z5&>KC:52%:#=KU&S5V* MMKUG9"%$(M5JQ73DSE,1J*IR&*%M+K3BS<6PW;N0M1CJG<]VCBTZ9XIM8<:O M#B5_?-J4;6M>C;/;I9TUC)N2CX:!0B8&Q6F>L,Q*-G#UC%5VJU6)FK//R2K! MFNY%!FS643:MU5C@5))0Y82;,-K;W;\W;MKQ)5=6DDEQ;;22X8O/`H(_:309 M7#1N78T:L#_7AMILWS:.GG$*O2@@)2U%?A8$8H\"G*+5B#>R*<6=R6548M%E MRMA22.]2DV#&103-EV3M-)TB1=--TSP^[Q*8K!V8I@'9]I$#%,"(@8HA\!#T'-^/NKN/T#L&OR%C%?@PX_LH MW8OI!4NT6KZ5_0PD%#.'QZMV2G[A/IF.W9J1M;AMS[9_$I15-^LU.HFU^:3' MP3`ZI@,`E(;US6N/^8^[]1\N^([MNWU_=ZW35827:W"%$26IW4&ZL''7A&2H M4DX+4XWK!>K._M%M6M0PN[Z_KGLA![0NST96T22[ZP-9>4IZ;Y9#W$WI$FI4 M_=3;F]NNK,TKG4K35[3->)W8JBI6#E:<8X)844Z9V6I.OVU'%XT\:Q:]V M'5:)7I;7;S=<5;-B)RB=^W55M7[Y0N6WDPB+S,JV"LS5QG*V4RZ_L'FG16RJ M\>4C#R*;5.TKN=YMU:N:)PE=DI:&HTTP<[>F&,51J*E]E5H\3B:\ZL;0IQ*3 M:FU4N);Y#L.K%A=NI/:,T]*%\2W=?1["/GA7%ND8\[F4T^]C6$HL""Y'$,5% MHV*H#;>,)6[%Y:Y6IQU8XJL)14GHC2J4Z*C2;I4Y396/H_U(CN]DKCEJA^6\R58:<7)W:QG[N2A3C5).-,<9Y=9 M=73^IGFU:ZM%RT127#F6.J>DG4Y.^OPW"MS33NI24J*GTWIR27NTIR6'`AK9.OF_'<#UR MA3IWF!K];4VBE,(45I6[!8J-L">W-'V>E;`,B^V92(UH5O4$GA$I-,9HT>1P MJBHR$CM0!MJC5G2M[S9J=Z?@RG\BF9)JID%OK=K5*UP&+* MP_;[1>X7[&;=ZZUE? M*)1CAM;\@ZXFKG#QESK=-G8?K6A:J9'R;6[3B-.>[5E*5<1BR-Y3VF2CX'*J M[(7/"*JXY_\`$+=[9-*_3F-ATM@[Y!10\:SBS3QVK M)0\.*:'SORAY5/G-G;W+=V<8QG"5Q?BRT-JXE&63T_1XMZ:OQ5=*DN-&U'=- MEM^[7=1VM&52!UEL.6T=2I*5@3[69V.FP$E+;((]0]^WPB,;*P;S:2=7?*&, MLN=6J@F?P$G`U=*(YV[N;6%NTKEMRG<@IR2>BC:4>3JGIUK[9)0E%[*-E$W* M_8.J2*#=1-=Q'-M#,6SF001.519BWT+)4.\4B>G;,(?<>L5H/7*.YY*AK;/D+(2E;&8+U"/- M49=Y!0>KX&3L+,E>0>+)N4Y![*KG.9!9%4UFUAV&]*_8A=VD=5O^5ZJIU2:IRH^3APZZ67BOZ=TQ7H)K89;<;:DOW%S&1M*$IKAO:*M6[K8 MX(ME2.E'1%@LTQ9;6C4#O?93:.Z\]D#F0*5-,"6U*KY'374[4]S=G-I;;6M- M%25&XITS:22UTS4E'$G_`-/N_(?L_:]OS_`&WNY1TK@^1Y__P"OIT:57373JICI MU>*E>?L+\Y!J#`&`,`8`P!@#`.#)2<;#1[R6F)!C$Q42$G).T&,>P:($ M%1=T\>.E$FS5LBF43'.6T8:DE\"^0$76I=$@[THL!Q`!\/QQ$>/01`<`L[[(R2Q^3K"8`/X@(%``#:A:A*";6-#ZIT;X8Z+O.D[?<[BTW?G;3D]?7T'?T"&+[B%@U6]B%%B@/(E%Q4+=7P3,8/M!/@/T9+ MLP[3;N?!/1)KP>=!]DZ^U,F_J[^*ANS91)#=O4.MRR`B0J\IJ;94C"N$PY#S M51KUS@YE)80#X$-*I_\`"^W*NPN#.7?^`;35=KN9)\IQ3^6+7L,K^B?XA?Z< M&XE&<;:KULWMO-V[\)0N+A)-/U,K/(,0P M!@#`&`,`8`P!@#`&`=<:'B#F,<\7'&.FJQ7I>B[7)7YQ/)UJ@5.RK.(3]XB=9@18R]T M;PUF=1K99L+Z+123>_,G5.DB=,TT,LK%R,->7D8(!JQ4'CC]I$G5B3_P#)I!\6/V`(<_:(\B(&3'JV MJ<^O+:D90!(WLCGVTO3E/WX-@=0X_;^U,0`_\7`+I_4:_P`[W83^\52_PQHV M;UO\-=Q]S^'/\%M?Z*]K(49<[0P!@%UM.;UW3UYM"5ST3M6^:DLZ9P.>4H=D MD8$'P`("*$Q'ME?PF>:'^!T'R#A$X#P8@AD-*6#537W.TVN]M^5N[<+D.4E7 MU<5Z*&R7TR_B9]IT]:*I_=O7C7:5;`R+57;^JX]A7-A1Z7D4IGUAH9U6=1M8 M)D#DYHU6'6XY$J*QONC@E83QB>)ZG\#;>XG=D0=(0]MP;Y^ M853\VL0W.4%A`?U5G:G!BLVW/]8P"8W]4IO7B:5,UJS*[EA'F0[MEWL-R="M M,.Q^6(<3M8QN)DX]H'V>VB)A%54`^*B@F./Z0#TR3H6[<+:\.?,L_L;7E-V[ MKV]ZHV+#HV&@;,J%BH=U@W!2F3E*Q:HIU#3#4/(!!-<6;LQD5`^\DL4IR\&* M`X+M)JCR9\AKN_U3N?23M9NSK%>`67DM67-_%0\THB**5KICXJ"<@D=8R8CY$,`5.3.#A-Q?`BG@H,`R)=8I/YW67R8_K0UAE6?P_ MY-TFSDD_4$R@/*CM3^L8?3[`X#`,K?5-=(:YL-KZ^^5]%.1^/B""D;((E_DY M%1$W\OI@%[/J-?YWNPG]XJE_AC1LWK?X:[C[G\.?X+:_T5[60HRYVA@#`&`, M`NQI/>VXNM^PHK:NBMBV?6%^AS%!O/UA^+87K0#@=6)GHY4JT39()UQPLQ?H M.&BH#]Y,1X$(:35'D:^ZVFVWME[?=PCN&1U[X@N=FL MY8F,D)TR'$@@)BE'D`RJS)JM4>IM?"6_NVHW8W+.F44UC+)JOU2>.I>Y]#W1 MI;36\ZC5[8TJ^Z-EI:TA8ZQ%AX^;AWQIZQUY64ED64G*,19)O*TJ8"(KG4.F MH0>`'D`HXM-I\#D[GI=[:[J[M+LH^9:MZFU5IX)T6"YER8+LAJ]ZH1I9K)!4 M24D]K7W4E5B;//Q3-_<)ZAVM6HNEX%`ZY#ND9&1!`J10`3%5=H(F_:JIE-&E M_(:\ME?6,(N<5;C-M)X*2KC^G!O@=+:NT>LHM6+)5K15+B1MM&.USL'\-L*! MEZ`F[@[A,N9B5:M4'C@2MPISE-,IBIIKF26`B@F1.7)TLO;V%^5?,C*/\MRC M5>]BE1?>7RWZL<2$V2/G;^TOL39I5=JUK M<@W:/&;V%"M*I"EY***J$6*``*)PPXM*IDW/2]UMK6N<95C*2G154=+2S7.O MLYEQK)N6<3V@KJK7>N7NP9BNQ-8L6R)A2S0U4@*/"6^0E64`W(XD4WKZQ6J1 M;0#YX2/;MR))-4"F<.4!<-BK13"K,$-M#R/S%Z:A&3:BJ-N325>Y*J57QR3H MSL0[':%,C+K_`+W]?`G`VAG29<#V>+348VV2"1&+KZB)W!5C29DC@51\B/R6[JEY<\8ZE@\E2K[E55Y552L*KLW7=YE[57Z;=ZO:)N MC2!8JX14%-,)-]7)$ZCI`K26;-%U5&:OS3!PB/D``#ALLD(^XBH4JC69BN6+ MUJ,9W82C":JFU2J[/D]:YEMIZU1,*YC74 MJHW+(1,O:D&TM%)J013JBJJW2%G=RV]R?@C)K4DW M6F32P>)']/OM22?DJ0DJ188FMV&D&M-DF7VD> MO-"6%`'\>H=MY"Q.G[J3LQV\Z3<_M%WQ)3BYJ=$J/%>"KKP_$C@\<^6,V:W( M2DM78&5FX4]J*;2>55S])W6"@P!@#`&`,`8`P!@#`+);/VNC5RJP<"9) MU83DX76$`5;PY3AZ&5+ZE6?"4>2)#Z%]#']."FE(V;-AS\4_<]I#]TZY8]2'CM0;S,S0`5GNM[#)JJ:WMSX2?>.6HW"06B5E!`3"C-- M0$0(AZ59I[NW5*XLUF:'N0:(P"9_4F3$27>%,;T#\%ETB\?[)GK%P;D"?#E9 M$/4P?R`/Q`#,3U1<']K9#3Q#VOD8)V)^0Y!0OXV@0G'Q$HE.8>?L$,`D#]1K M_.]V$_O%4O\`#&C9O6_PUW'W/X<_P6U_HKVLA1ESM#`&`,`8`P#P8I3E$AR@ M8I@X,4P`("'\H#Z8!M'?1\^NO.:B=U7J_P!V+6]L&I%C,J]K3>\\Z6?3^K^1 M(UC*ULF27,JZF]?)\E2;2RICNX8H`1P95D`':8+EJOBCF>#^)/A.&Y4M_P!+ MBH[G.5M93YN*X2YK*7#'/=A:.VD@T:OV#IN]8O6Z+MD]:+)N6CMHY3*LW=-7 M")CHN&[A$X'(<@B4Y1`0$0'-4^7M-.CP:.1@@8`P!@#`&`:/&[?IK][+)NK< M=C@^M5YDH.P;8V1.PLD@_IQ4)"(F+G-R,8_1*M9TEBHO&3E-0H'*4P%,'(`/ MIFW&<-*QX'U7:]_NMI-RC.THQE%M4;C%5X/"C1
A*,=:J^]BB4YS1$+3L1. M6UNUG-EZWK$91K?NX-R080D3K.=A(:;IC25(R;DH:'5R3:3YIU6.=<.UH/43;D9L-"_[!VC&6R4:V'4 M[US*KRNP9V5L+;6;O>"[R9.VM$T^A*.YLO[V4#I0<"W:PD4=FJ5(%O=*%(I+5HPP594T>]*LG5'+U[U`OM>AZFWLELI:TM6GO4 MI!5S!QTR*$C"=7G4NW(8RC\4W2+^UQ+I)4B0BHBQ=*+%\U2<*'.2]ORD7NI6 M9SDX1EIDKV;6#NT]C]:H7[F-9[*KVYIG:.K):CGB]D1%(@-GUB\-9U-9NI1W MOSZK)U&O6X-W`M&BJ;EL)%RN(JJ49IQOV)[5;?<*>J#D MXN-/I4JI)\*JJ:QQ>#PI'C7G4';$3LN(V+L79D17A@DY4T>]*LG59'=:7Z1Q5$6G&MQDYZ0(P(K#4RZ4O>?8 MVJW"2J:]ELMF)$VB+8[%95ZO(L74\`BTAA+'NG8*N_90$Y$$CE7+]13==4E= M2=I)5QE&5NVTG1*J>FKRSEBEA5YE_`ZTZ[`0,%BWOR4P&#GM!V2,')1`0Y*; M:XE,'(>H"`@(?'*U?9ZD:GYZ]]6S_P#*U_`61K?6'8ML5O#K>-GBF%DL>RZY MLMEL'3%GG6%C57HSN81US4G_LVU!;6+<(P<=,TJ>*FIU3JY2=:O#PTCDCMHO16]Z#U>B-":ZV/"N;/ M$U:OUL-D6R2F6TZHW=V)^I?4HQY`P`?E]V6H+E:P$@5!TLP=G]U5%3V""K%4 MY5966ZVEW?O=WH/RW)O2DJ9>&M7CCC)857'$[6R]9&EUH.GZD]J>KJ,_I#)C M7I66I[!65DZK2*]'.W5=J&L[--032Q-XI2WQ4$X?D64:%"'F`^ZHDZLQ[_=0W=_ MS8*5%&E94J\6\:J7N+Y2&*BBBRBBRJAU M553G5555,8ZBJJAA,=10YA$QSG,(B(B/(CECI'XP!@#`+<[AU-1M]:GV5I'9 ML868U[MJDV+7]PCQ`!44A+-&KQSARS,/]C)QAU2NFBH<&1=H)J%$#%`<@B24 MDXO)GR#NW/6J\]/>RNYNM&Q4C!:=0WB6JRKX$A1;S\.F?7G*G(G%PDXO-$<\%21?5^3!ELLS$QN"S->EF0%_VE6H(2Q. M/NF]0+'F^TOH/J/'("!FVZJJB$Y?$!5\2J51LJ"/I^V.C(^`'_3RB1SUJ,KJV?>-8#0.RK`]$W[MY M]ZL",=J^RR3H_P!RB3CI0J4*Y5-XQ#PY6IQ!FJD+37NVZ^*.9X'XL^&UN(2Z MKL(_SXXW(KZ2^LE]9?27%8YIUW7LUCY@,`8`P!@#`&`,`8`P!@#`&`,`8`P! M@#`&`,`8`P!@#`&`,`8!:#>&VXG3%!DK:_!)U)&_Z/K<08XE/,3KA,XM&P^( M^96B!2&6<'#]1!,W'WA*`S%59L[7;RW-Y6UA'B^2_3(PU5[>UL1GY*4N#QS9 M6T[(KR,H*I@^;9N72@F46BA,($2;)!P4K3D$BIE`I/#CDDGM+;@HVUI M:6'^OSDK(>9B[!'H2L.\2?,7`?<62'U(<`#S173-PH@X3$>#$.`&`)_@F['X`(_H]<`SP]85DTKS8&YRB*KFE2Q4AX'@@H/HM9 M43?$"\IE$/YQP"6'U&O\[W83^\52_P`,:-F];_#7H>@_RAP(#@&^E]`WZG+GM;JA;K!NJPB^ M[#:.K[4\!/2KD3R>VM2,SH1L?/.%E3">0M])550CY,&`,`8`P!@#`&`, M`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`/`B``(B(```(B(CP``'J(B(^@``8!@ MP[3[D4V[LIY^'.C*4VHG`OH4QY9VCPF;CGY5)+[1-SF MBJ+M/5;#;?E["K^++%_J7H]I&G+&Z554KE.4R0^>B''[-02@]CUQ,9C()%_J M.$@$/%0H"/@J7A0@_`>.0&&JF.Y:C=C21-&E7V#N[+W8]3Y:10(4S^'<'+\V MU$?05$^.`=,Q-^JJ0./L,!1],HU0Y=VS.TZ/W>#*VR#$,`8!:'L!HZA]F='[ M7Z][.9_.T+<5%GJ'8P*0IW#!"9:&38ST=Y`/MS%9EB-Y%DH'`INVJ9@'TR") M14HN+R:/D$]E-!7SJSOS;G7;9K(6-XT_>IZD3@`F=-N_-$NS$CYV.`XB92'L M<4="09*?\JT@`(".`3*^HU_G> M["?WBJ7^&-&S>M_AKN/N?PY_@MK_`$5[60HRYVA@#`&`,`8`P!@#`+T==M^; M#ZN[OUKO_5<@+"[ZQLK2?C4S*JI,IMAP=I/569!(Q3+05K@W#B/>$^U!P)@X M.4HA624E1Y&KO=I9W^UGL]PJVKD:/LY-=J>*/J.=:NP%#[3Z(U?V!UH[%S3] MHU1A9&""IRG>P[Q0#MINMRO@!2DF:Q.-G,>\*``!7+8X!Z<#FC).+HSX/OMG M>V&[N;._^);E3OY-=C5&NQE\L@U!@#`&`8!;[]6S=E3O=WJK+66K7+*KW&T5 MQFY=*6WYIPT@IU_%-EW/M3)$OF%D6A3'\2@7R$>``,RJ":/7V?AW:7+,+CG< MK**?#BJ\B>E#[6[(V1UITQL.+@:;#;3WKM']U4`5PA,/Z/5G7XY;A?V>3COQ M9G,S",13J4]=)L2/FHOI`$F_OH$4%4E--&UP1R;W3[%C?7;,G)[>S;UO+4\( MX)THJRDE6CHJNC+Q3>^":9<1-)V:K8]D6&.B8BR;#V'1Z+'5VH4.IVZX/:G4 MK+K6B*+I1Q1-JL5G$NM"TY"6C:/"I;!=L]FOM12*]>E M9>_,H.%CH^ZLBI&TX>8:1\(Q?/1D-/ZO-MJVH,$4ICQ? M"I6R"BR\#?[R^_9?=((*"46S%;Z=?NRC&+CXE!K'Z\]"X<\7R10#WOGK""/. MIW6A[:U\:`?S5=6-X8E.=!0&4@SOTC&A8)2+OT2[;.EUD(0$G)T MUGZ+ALZ10G0S,ND7YT\J=N=4GX7+W77Q>ZG1.+37O88)IINY&J>TM&W-882N MTFOW%XK)568M4M+BG4G=:J:<%>;AK:0AYFP0UNEHV3F/SG1I!HC^"GEF;A,A M7"3@[8WO!#BUF8-QL+NV@YW915)))8U=8J54FDTM,D_%1\*5P(Y6;LMMW7T+ M,[&MEBISS7%AVUV2U+%-(G74BI;M9O=3&W*YI=D+Y7Y"-V9'2$;J-0DFQ5"# M6%T]3.BZ2134(,Z56G'`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`E$W:#47"*)$"G]X M2JI"9I96?3]S!5C'6M5/"FZX1E7+)J2I6G<5NCV!T*Y61;-]VZB7<.5DF[=! M'9--567<+J%20012)-&.JLLJ<"D*4!,8P@`!R.11\C"]GNTJNUPEKK&ZOM^P(=TEK[9%BU_(66O:S8R3>W MN(^X?EKYUDU!9TX:-WA0$5_#S&&J2H8KNTA8ZC^5TN<<*1Y>](N)U'=I&EU]2N7/2]L%KN$?L=JPD8_:"4XXJ MM'81MSAZ6Q&$DCN9`R=Q,4RQE&GF%M"RKQ-Q=,VDI7+49/7&ZUBTFDG'#12L MFTYO4J+P98D_].;"KVS=>5ZRUZZ0U_`K)")F[-!M%XQC(66,;((3BY(AVFB\ MB$W;OER@@H0/]U724()TCIG-1IIXG'W-F=B\X3BX8U2>.#RQX\N\NAD&`BKW M!VD?6^I'[.-1C7: M[%\U."C=TW.*:J9@^/`^H&(8/0Q3`)3!Z"`A@B45):9*J)=Z[V^QLWL0]@%" M,L`^*:*P""4?+G^`>R)A\6CX_P!J(CXG']0?ZH8W&F1S;VVE;\4,8?*B]?P] M!]!#(-4\8`P#25_BPNB`HO-5_4,H4-^RD0B]'=@C,6X\$DFC=PMJ.]2'M$\0 M^?BV[F`=.%!]#,XU/GR4#*LTMW;RN+N9I39!I&;SI?,%DG.K'QG`E%Q3Y6-5 M.!O59Q'UZ4BS(F'^L*CF.#D/41'X^O.`9'?J-?YWNPG]XJE_AC1LWK?X:[C[ MG\.?X+:_T5[60HRYVA@#`&`,`8`P!@#`&`;9_P##'=R5HFT[0Z-W"5$8RRMY M#<^EDW2W)6T]')M6FT*HP*8!-Q*1@-9I%(!`I3-'ZG'DH.:]^/TCY[\==-4K M=OJMM>*/@GW/W7Z'6/I1N3YK'S08`P!@&!*]_2/VW;+S=K6TVUKEHTM%PL]D M:M7$39CN&K:=G'\J@V<'2)[9ET$G8$.)?NB8!X],RJ<4J8GKK/Q%M[=J%MVY MMQBEFN"H9&M.]1FU4ZOT_K]L.P'D)6HS[JU1-VH;IY`2UCEXJHXNYZB[F_EO+*I&2HXRQ36E1:?8 M_6LU1JI6=@ZM0-N=Q3^V;-VO8'OX5$5V^JN)&E1R.W:O7;B^O-;K6P&$#18F M.2BH&:E'::(P2,(Y68NUVSE5=)4Y1:NXQ0W\[::MV[:56XX2>AM:6XUDW5I+ MWM2JDTD<.7ZB4*0AAAV%LOT!YU&^49P_8JTB77>U?95]_>';XQ['W&C6>O.B MR$OR@0QV0F0:CP005`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`K#J%R%J M-A0MNRDZQ>IJ5:5;\55C%/PN*JJGME.I]%D(Z`2;6>[Q-BK5YV!?HV[-S4F6 ML(RFTWSN1OL>[86FDV"F.X>?>.BJ>T>)%1JJW04;J)*)%-C4Q'J%U2;<8N$H M1BX^)*D,(O"2E5=^.-3C374#6D_)W"0DIV^F3MDE<9Q"/;342R:U&>O"=$6F M9JI.6L`E+LWZ$_KF,EV8NG3Q-I(D.*90;G^7*U,F/4K\(Q45"L4E6CQ4=5$\ M:92:=$JKMQ/0ET[URHWMYYNS[$LU@V##/(F\V^9EX`L_9E7MD@;&,N[3B:O% MP+%^S"KQ\>V39LFS)"-:$2(W`WDH9J8?4KU8Z8PC"#K%).BP:IBV^+;JVZO, MX,'TJU;!6]U<$)^^N5SV-O9(V(AX]F^EHID#928/#N9YXW01*BW MDYMT0IU>!5.;R2*;K>.Y&U;M2EHMVE&N575MNB?"JBNR*RR+[$H%#3.11.DU M%-1,Y5$U"5N&*=-0A@,0Y#%9`8IR&`!`0]0$,K5FIYUWZTO6RD7VHVPK;+D: MS=KO19_:-A@++.6.LJU1S)QKZO56NTUNA!-K;4[1!H,WD)64"KE4#9.R-?1$,RCF MT?(P3BES5@!ZC(34I89Z0E;[2KB>:GKS(3:B\NX>E<>ZX3*L@5NJ94ZJN-67 MENGA"R,!8X9=_;I1=,9"0>B_M+J6%1(Z`_BP)+AX^T0H-3K7B3^>O>=/<8> M=/C3*C3P62R2[L"K-/:A@M,5AW6X6;M%F5DI<9N8LER?1S^Q3#].'AZVP.^5 MAXF"BBDBZU78^/0*@T1Y0:$,I[BQE%5#=74Q[GV,NX!.0GE_'GQ]TJZB38P M_P#LN98*B/3],L^7ME-^]-U]'#Y_21"RYT!@#`&`/^\(?R"'J`A^@0'`)#:Z MW0M'>Q"7%55U'AXI-)P0,J[8E]"D3D0#R4>-"AZ`J'*J8?'S#X5<>1IW]JI> M.U[W+GW$IT5T7**3ELLDX;KIE50<(*%5162.')%$E2")#D,'P$!XRASFFG1Y MGLP"PW:+KK1.V_7?<76O9*1#5#<=&EZ@\?&1376K\JX(1Y6+OV%'T]/409>/J-?YWNPG]X:E_AC1 MLWK?X:[C[G\.?X+:_P!%>UD*,N=H8`P!@#`&`,`8`P!@%]>L.^9_J]V(TSV$ MK1U@DM2[!@+:X;(J'3&5K[9S\K;8!04Q*8R%AJCMZR.7[2KY62U*AJ;[:0W^ MRN[.?NW(-=S^B_0Z,^K'5K+"W2L5RXUM\E)UVV0,198"21'E&0A9V/;RD4^2 M'[4G;%TFH7^0V:#5'0^`7(2M7)6IJDXMIKM6#.^P4&`,`8`P!@#`&`,`8`P! M@#`&`,`8`P!@#`&`,`8!U%@F6M=@9JP/1X9P<3(R[H>0#_=XUFL\6]1^`^VB M.%F6A%SFH+-M+UFN#,2[RP2\K/2!S*/YR3?S#U0XB)C.I-TJ]7$1'U]%%A#^ M;,Y[2,5"*@LDJ>HZ[))&`,`8`P!@%RJ#LR8I"Q6P^L1NJN4^?SDS*]8X>TQJI1$/7*--',G"5N6F:HSN\%#1@_BO>B'Y;OFL?J M"T*%\(;9!([3F^C,6_";78%?BU3ZUN3_`-E(?$;938U:)664,!06@VX"(J.` MYJUQ-'=VZ/S%D\&:\OT_YI5&\FBB'("B=HJDDW*<1\0*[5>1#X_'G\/!5(!$ M`#UXY'X9!IF<_P"HU_G>["?WBJ7^&-&S>M^XNX^Y_#G^"VO]%>UD*,N=H8`P M!@#`&`,`8`P!@`0Y]!]0'T$!^W`/HU_0N7=*I"[2XOWL_^9,S% MYC/-#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`C9VZL(U[K_?3D4%-> M9:Q]<0$H\"/XY)M&3HH?:/,>=;^C+159&[TZ&O>0KDL?4C!9F8]4,`8`P!@# M`&`,`J"MV>:J1;O&_(%62'[!]#$'U*(#ZY#2>9 M2=N%R.F:P)G438\+>&X)I"$?.(I^3R'64`QQ`H??<1Z@^/SC3GU'@`43_K!] MHT::[CEWK$[3YPY_.6K[D=7J7W2ZO;JZP7T$$87;=+?P<=,+HD7-5+DT,G+4 M2YMBG`>'-4M[!F]]/4Z21TQ^Z'L.'Z+)5/\,J/F];]Q=Q]R^'/\%M?Z*]K(39<[0P!@#`&`,`8`P!@ M#`&`;AW\*YM`ZL'W`TFY=',6.G-9;6A69C_<($_&3]/LBR9/LY-5XP#"'VB& M:U]9,^;_`!_M_%MMTN*E!^AIKVLVZ,USYT,`8!@PO'8C>4?=KE'L=GVALR86 MVRLF;9)5B"39HTFGS=LW3`6(B":**92EY$1X#,VE'JK6SVKM1;MQJXKV$O8' M8]^D]']7+`\M\ZK.6CLE4Z]9),CP6SJ<@%[%<6SB%DQ:E0(ZC7#=DD11(Q?$ MY4R\@/&4HJON.=*S96ZOP45HC8;2Y.BQ7:=)1NVV^KDMJ^G+4S3\5L'==*U; MLZH//QJXNJ76:G?:+MFZR,%9S"S:S$Q:(]/4:R""S/Y=NH62]T4_%BH5TTK/ M&B+W>G;2WYES5<=FU*4981U-QE"*:X)/7QQPIQPIW2?:*^U_0^IX.+IT5>K2 MTB.O]$B&3FXJIR%SF;YU8_?%[9+%(I&;'?N[$S!@@[6`4E&IQ!XD^VV^6\I%3D&YU/8H5+520V2F M/JG?Z/(Q>X7?8.K:>>14JM..W]BK:5/+92)O6B[19191!11+E-5`P-*[1'IV MT<7&7F1EYF$JQDG#RW.JI1.M,'7]94=K[:6C64W9HMO&QE@EX#<[2&V!7O8V MG;'"U7DS:BK:UKKTNF:4K>HZV29M3X&C:34^277:>VBF)U'CE&-*:J4M].MW MX1DVXQ=JL7X%BM;HU@YNB56L<<>"?*TUO>X40E6K%JA)9[09!3;JE=GV59NE M[N.SKVTVYN5U(T2HK0QW$?$RU+J=5"0&/?E4=RD;[RC$`2CW/B:KWD;G:6KN MJY;:5Y:*JL8J,=$*2=<6I-TJL$Z5]Y$DO_\`3$)_^HNR/_\`!=@__2\K3N-' M\C/_`'+'_P!(_.6'V_LF[0MMFMH4^P[(B$7?2+LM0,X-\GXI(E3(HH"EDE2G:CO;2T3 MM\B[<2`-UPC&DV@C[OML!F!!L5%J+=%.)<'Q,&\I*W:OZ(PNR+QJ?8&QVVFXG:=FM5`F[9N"U,[*UUO7]/I0J>U'5W ML;R6PK1YT-^W+:QW$+6XA#\R[:4 MDH*FISKHTJB4W"D=22<99XILDEU-W8ZO3BU5.U0MSB[P[DK=L%T\LCI@ZB72 M*EWDZM-U2MM$)J2E(!EJB6CTJX9N];,1>'9B\0*J58ZF5DJ=QI=0VJM*-RVX MNU11PK7W4TW@D]:\6#=*T>1-;*G+&`,`8`P!@#`()_4`DQ;:FK464>!EKVP, M<.>/)*.AYIR(#^D`6,F/\X!EX9G5Z1&NXE+E#]:,0N93T0P!@#`&`,`8`P!@ M'O;.7+)P@[9KK-7;90JS=RW4,DN@J0>2J)*$$#%,`X#2:H\B5NNMS-ICV(6V MJHLI8?!)K+CXHL9(WH4B;OX)LGQQ_K>B*@_[`^@T<:8HYU_:N/CMXQYT M8QA`IGD"LH?R.OP;&SB;J%)>8LGGWEF_J/")N\78^.SZJ9000N_6FS_LQ,(%.]JU^H$BV/XAZ&43:/G(`(_`IC?IS#?\`<7>> M+^.K>KI-NY]6^OEC(WPF1;-,S;_=6-9_'GQ6:2?B1!-ZN0H>"RA3*O,1W>ZA+7"Y-3;;K5YRIJ M?IHJ]RY'5N.MO7]W(0LJXTQK161KE;85"ONQIT&"L)6(N+?P47!Q0E9@#"/C M(.5=,6Q$@+[#-PH@3Q2.8@M4N99;W>*+BKL],I5?B>+;JV^]I-]JJ^Q:"TC;IAK8+1JB@V";9S#BPMI66J M\2^?)SCHT0HM*BX7;'.H^,M7V"H*&$3$69(*%X42(8K4^8AO-U;CHMW)J#5* M)O+'#Y7ZV=G'Z;U3%6N-O4;KRH,;A#,9.-B+&V@F"4K%LYJ0DY263CW140.S M/)/YIXHLHGXJ*?-K`)A*J<#*LK+<[B5MVI3D[;:;5<'1)*O=1>I%RL@P'3NJ M]!/99M//(>-=33*(EH!I*.&:"SYO!SKB+=S40DY4(90D=*N81FHX1`?!4[5( M3`(D+PJ\BRG-1T)M1;3IVJM'WJKIWE`0VBM-5RMFIU?UC2H2J'<3[I6NQ,`P MCX==>T0KJMSYW,>U12;.?Q.O/5&"@*%,4&?BB4`3(0I9JWCQ,TMWN9S\R=R3 MN88MU>#JO4\>_$]%),]WN;EU7KDY.ZLF\_TQ*K@==4.K62V M7"MT^N0=JO2[)S16>08A@#`&`,`8`P#&M]2.[Z^IM4U7^\!_;V#2 M2M$\6./4:]$V%4[EI#)"M\^C*V.N%;HE1(]#^5WWU;?WW_ M``G)+M?K_[MC/_3\[2F_'].,>3&G<+.S=]2_B.05&A*_V&]M"K<_`!V(5 ML/\`2#V(:\?TXKV,A^\ MANXL[5W[C.42KM5?_-]BZ4<\_#V-UZR'G^;W+,G\<5(UOC"[]R7S'+)0Y%;T M;V35KL!YX!MN34ZHF_F+^@].I3?[,J>PUB/JE:HVQKCN+MJ,75YK-&.S,AWQ@#`&`,`8`P!@#`&`,`SH?PZ#E1#ZGE-2(80 M(]TMN9LL`#Z&(2.@GA>?T\*M"CF*][GI/*?&BKT*79=A^L^A-FF?'1@#`&`, M`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`89?K+,SGUSI!^!1$C:_V%JP&`,`8`P!@#`&`,`_(D(/Q* M4?YR@/\`VL`_(HI#\4DQ_G(7_N8!7VM8RLEL:]IN+%!Q1-:04SM&](G33`CV MN4AN63"!\A+Q[UPG!90J(?$R\B0`QF8;[N:/+M/^;-J$>^6%?W567H(`MNQ> MW4IZ^3CJQ(33#:5CF+5L:@6Z)B[OJZXRD](+R4@$_KRU-)6K/RD6XXBB2 M/478+GDWN1*-AV=UMEWIQYYU*@L?XGCW%K8H@/W&:!`X!62[49H; MGJ&VPE3VD;J].$)^G0^UD/-R]5-W:+C4+3;ZLVF]:OW'R\-N37,NRV%I^ M:4,/[)%"]UPSF/AI)4.!_#I7;DU?6<)+ M3-?NO-=JJNTCK\?4/4!RQNC`&`,`8`P!@#`&`9Z?X;V%5D_J6QT@0HF3KN@M MN2:X@`B!"NW=,@R&$0]`Y4E0#U_3F&][GI/)?&LM/0W'ZUZ"_P"I_J/H&YJ' MQ\8`P#TBY;@(@*Z("`B`@*I`$!#T$!#R]!`<"C/6Y?,F3-S(O'C5I'LVZ[MX M^M2TM,P,588.3G*X=J2PPT?+,'DM`G?)"NR), MQS9PH\BSO$2B=(%R$%0HBHZ+EI*'3J=.V>%^;"8KD-9X24GHD6#H MC%\$G$,GR\@P^3>J%15]U,GMJF`AN#"`9-&996+T(*Y.$E;>3::3[GD>Y.]T M=4]H32N5444HY3'NB:=BB#GJ!"H+.C'M!2O!-7RE;-U%!%W[(`F0QO@41"*, MCR;OA\,O'[N#Q[N?H.T8S\%)K(MHV:B9%PXB&,^@@QD6;M9:"E#K)QDTDDW6 M4.I$R)VR@(.0`45A3,!##XCP*N$XJLDTJTRXK-=ZY';X*C`&`,`Q:_5S@!D^ ML<+-D3$YZMM2K/5#@'/MM96-GX%0PB`>@"YDD0_1ZY>W[QWOAV>G?N/UK;^1 MI_J-;',Q[@8`P!@#`&`,`8`P!@#`.G[!6/\`('7>&J;=3V;)V$LOXY)E*/BN MWU#JN3.WC$3@'WR-KGM055?T*!5RCZ@.3'&5>1;9V_.WKN/W+,:+[KN9)N+.9;,54EX6QQY@X4B[56Y!%Y7; M7$+%$0.TDFKILXK>** MYZY7]UR([-Z_PR,AK:2>'Y$7=VZ\2DFR8QQ55!\EG%.E8L_5N.DE]FXE_UJ7VD12VITLW3KB`D+_7D('>&H8_]H[VUI)Z M\N->@T#^J8WZMJ,(_8.K7/C^N2PQ+!$#<@FLJ'!ALI)X/!F_8ZGMKTU9G6UN M7]">#?V7C&?[K?<1'(2\%)6G6EM1<0\L9Y76<3.SIW*\E6(YN]? M66NUNVJ1$Q*LDV[GW8V.7$R*I"F3-*S[:$;:6G=W%%J-^5IJ#;I232R?!M52 M>&+6**,VMN610L]8<:,NV=4K*\7J#U M5..AJVS8*'^63=2HKJD:^XV)88YF7;[:+MR6ZBG<4FIN4O%;BH)Q:Q MS;KFG6BC3'&TMBV=V(K=;?S$MN:ZLX^S1&P;=*JV*"@ZT6*;4;L4[J,!KW7E MAB=5SQJC8+EKI\DU;.9./EQ?+M4E2_+G<'^RNZA0OU9K,KL6NWQHRW];86`D];_`#%@JU-1ZI-K MOJ)::`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`!'[>!ROAYOU?ZFAHZ?_`+M[_P"Q=N2K&74AHE]8(IY*2M6 MB$GAD2`H[AW("4I_,I9X)(SW7);2WMK>\(FKS%7HTE1*L_UDU:*4Y)>;N%JA=LT?8%ZO-]K+I.!/:-=1=UH\7",V M[ATF>627FE4U4VSQLY5MC%(V5._L=I:E<4I1G+5G@DX2C&,7C23C)R>&'AXI MI4'U6LUZUOMBE4%K#LIVH[3BF:T38'-0L45-O-40#;<9JS8JVNT?FI]*HM>G M*RC(&@W"3IT3]Y+-,CE/V4B.DE5=J_3].XS=0MVKVWE>;:N6WBM2:UO15/Z4 MI-.FI47\MX0`\C_-TQVUM MA`2#X^XH2',0./7[V6BZ21T>E7?)ZA:F\G*GWL/UFHL`@8`,`\@(`("'P$!] M0'^D,SGT4\X`P!@#`&`,`8`P!@'>U>MRERLM?J,&0AYBSS4;`QH*#PB1W*.T MF:2[@P\`FU;"K[JQQ]")$,8?0!QEB4N3C:MRN3]V*;?H(9=H=CQ>S=TVB2K" MQE:#5$HW6FL^?U34#7[;\OP92Y;MWH.W=BI0?!JJ*KM;G0 MN\S+'WYJA.`N3L3"IO7KPQK]`O"[HX>A^S6T=)6S0T]!]H: M)&MU9"05U@RD6>V*M&I%]Q1S>M#S`?O!BD6J?]L]B23L,3@1^>$/7)U+)X/] M.)NVNK6*JWNXNQ=>"U4T-_LW%X7W/3+L(.CZ&43,`E414.BLF8!*HBLD82*H MJIF`#I*I'`0,4P`8HAP(Y\SJ-K:K*U:J M^^;K[$C9JS`>&&`,`I!:@4IPLJNO5X559=51994[%$QU%53BHHH:AQ$?T MB."CDY.LL6:1O+[Q1Q6A>%R=NNATU1:?<\T5)@H,`8`P!@#`&`,`8 M`P#B2#!I*,'T8_1(Y8R+1RP>MU`Y37:/$3MW")P^TBJ*@E'^0<$Q;C)26:9I M9[8H#W56S]@:VD"F*XI%NG*Z4Q@$/?8L7RI8IX7D`Y3?11D%RC]I5`'-A.JJ M?3]O>6XL0OQRG%/Y_E+?9)F&`,`8`P!@#`&`,`J5>RFU;J#;.W"*BVG`B0T] MK54#>"P7S:<=),)J89F]!]ZGZP:3+H#E]47CEF/H)BX6+2**'YCYD=+ M1T-E;."\KU4V%';]:^"C@=5S#)IKCLA%HE`3F;HZZDI1[7]G'0(']I4):50L4/U0G53WL/8;EOJT;?AZA!V7]=>*V_WJ5C^^DNUD#)>)EJ_+24!8(J4@ M)^&=*,9B"G(YY#S<2]1,)56HB(!@=^1]2#Z MISH6B>=)`(^O@F4/L M`,T)O5)L^#=:WGY_JM_=+&$IO3]E>&/R)$U\J)0`AY:LF0`G/J<6"@_9F:V\*'L_AW<^9MI;:7O6W5?9?S/VF(_+GHQ@#`& M`,`8`P!@'@Q@(4QC#P4H"8P_H``Y$?Z`#`+5=T+":(DMD2 MC_:;>VDUB[!86SD`]#.:?3F\'""`^J3EHZ+Z"8V6@N)L=+AJC/=O_P!DJ1^Q M"J7K>J7F12GNX,U5MO)D[FRG*Q<;J]-'!_:MOPOO6F7 M:6%LW26D;`,=]U9VR@_F%Q\D]$;_`'U>U[LGW3-J'5+MG#?VZ1_P!RVG*/[T??CZ-2[2ZWTKNB&P=U?4AU M5IS;FN+54(W3DHENW<5:NU;DX-XUJVOWS)_!QTA'RC=JHK'W&ZJ1C`BA/)%R MV66.F8Y2B.1.:4*HU^O]6L[7HES<[><92NK1!Q:>,LVJ<8QJ^QGTALTCXH,` M8`P#"O=OXB3Z,VNKG;M?73N]4X.XT2SSU-MD*KJ_?3M6(LM8E7<).Q:CJ/U4 M[8.5(^48JI"H@JJB<23:X=WJH\F5+R'/'/J'Q M#[?7X?Z>,&,XSMTFT:N'9R+K)MVZS@4FB"KMTL5%(ZQDVK5N11PZ<'(0?!-, MICG-P!0$1P2E5T*$N&S:_1]:R>U)QI/)5Z(KS:RO6'X0LTLJ+%RF@H1LO!2Q MHUTRE$OF`*JV<>RJBH4Q#@4Q1#)2JZ&6U8G=OK;PIKM5P[47#`0$1`! M`1+QR`"'(T",)!%E%2E M@B?QI@R;RKALE&RRR3(!*Y^456!HX*9!82+$.0LT:5>9GN;>]:MPNW%2%Q-Q M[4G3+-=E<\U@6Q-VSU!^3I#8"1[XYIZ$TQ@X&;::QO[I#8"[].4.[V!"),(-Z\.^C$W#4SLIS-C)JGG2ZT,_P#;]SYJL^#S*5:U1\.7O8^% MXI4>-73,N[2MC5789K`:HOCRS&N/XF-=RZ2!RQ+QW,5:!N+4D4\-P60(G!65 MD=4Q`\4E512$?<(8J.2;IQP;CCRQ3*YR#$,`8`P!@#`&`, M`8!&7M[HA#L5H6Z:\231_,A6Q+%1W2W!0:7*"*HZAP%0PE!)&3`5&*QA_50= M'')BZ.IO=-W;V6[C>?N92^R\_5GZ#4(RJKUG=[6V19;-)L= MG/DDM3U>P/W$BVJ6LX!1TW1>08/SK.XECDR];["['MEM2)(2FM;Q7*S&=A]SO'4HPHWMCN(;:=RR6MJ\<*V65ZQ]?M<:\GW9'TF1<9]*]4>7 M,D\<%]UD\2!^!DSJ)+#9227;_J;^VZA:LVX4EIN>#51<%=N2DLLM,EAQ6'-% MJ['UB[$7RZVI[9]=QK-M9:B-3N4C"/=;UV-OK-IM_KO.UY[*6:#L1]H7FP_N M_I,\:2=3Y6*$<].LTBTC(.@66:EP-B&_V5JU%0FVXRK&NIN/@N)T36F*U2C1 M1K58R=5174JO7&ZTZ\SI)/3#*W4D7.U8C1`QL_3$XWKH67V+>++'V&(KDU.1 MB,)$W.!LLV2+_P!C"+>MM.YJH]># M\QNJ5-*6CC[S;:=$2RUGI7<,/:MR,ZU-S>D*C,;`?7*+MTA5]+VW96R)FS2] MID+,G89EJI;@F:+7_?8C6'4L1C8F[1RJP=(B@S;*'JVN.+.=?W6VE;M.:5VX MH4:K-1BDE2BPI)XZDJQJJK%LNXXU)OHR"Q6O;&V(N3)*`W67U+IQR@DN)!!) M19NG5FJBZ1%.!,0JJ9C%Y`#%$>0K5/3* M-TQ*4Q"V;3R-G=;O:[B%N5M.$X2E)J4M2IX=,52"X*BX)+$M)I?JS>8G6LO2 M]GTK9)*O1=,ZIB(RL$WG(RMCOF^M90EOA+5L35MEB;JZ=:VK6PJP[91!&YUX M3YIJL=)S&,DT1%>7)5JN?R&SNM_:E?5VQ.'F3NS;?EI*-N3349IQ\3BZNOBH M\I.N%T.L&F]^ZBV8M"V-R^#5:-,>.'7L3E>6HKVSST?KB9(SJ56;+FM,3/P> MP%;N+UZ[2(V<0KJ*0357%$B3*&TUVFOO]SL]Q8U6Z?F-7)ZJ+4L7DTXZ*)92 M4GA7'(/E#CC`&`,`8`P!@#`&`,`UT/JF]7U->;`)OVHQPEI6RWY6]R2:IC[, M!L(R0F%^J!0\46=R;HBKY?#\026YX%=,!S0E54>9[3H&_P#.L_D[C_FP6';' M_P`?93D8ELN>B&`,`8`P!@#`.C[$6/\`(77RNTINI[5CW_8_S=-E*/"Z&I=8 M23J+K#14`^\5M<-G"^=B`^ARUM`WJ`ADQ577D7V4/.WDKOT+,=*^W+%^J-%^ M\S'5F0[0P!@#`&`,`8`P!@#`&`,`F5T/ZD3WS1+Z)-F M;-`B9"_84H!FGGB?(9SE53:]&LVN[M&DE:Q;(M>*E&HB!%2D4X.@\ M9K>)A:R,>Z3(NV6`/))=,AP]0R4Z.J,MB]H%$1;NB&+ZD%,QLZ= M54^B[+>6M]MU>MYY-NC#Z)LV"1S+KG'T(BF8P^@#C+$QW+D;5N5R7NQ52%'9K949 MM/=%LGJTUKF@LTZU5G/C\"+3S=D>5^4.0,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&` M,`8!&CM-UDI?:/6[FFV/PC+!&BO)4>X(MRK/ZM/&2\`5`.2'=1$@4A4GS43` M5=+@0$JI$E"6C)Q9O;#?7=A?\V&,'A)YG76Q892&L<,I MSZ>2D?+QZAC@RG(-Z)"$D8:1(03)*E`!`0$AP(H0Y"YDTU5'T';[BSNK2O6' M6#]:?)\FBW&29Q@#`&`5#(64=7:7VQM4BHMIY_'?N3ULJ4W@N6W[-C)!"VS; M,WH8%:GJQK*CYE]47F=/0F8K"E` MI2E*`%*4`*4H>@``!P``'V``9E/0'G`&`,`8`P!@#`&`,`8!RX^/D)>0CXB( MCWTM+RSUK&143&-%W\G*23Y8C9E'QS%J15R\>O'"A4TDDRF.-M05N22`5X)BN M45$%;C+(&`LJ\3$013_W-`PI^^HXUKES5@O=/FOQ!UU]0G^4VK:V47B_KOF_ MV5P7I?"F:?,1Y<8`P!@#`&`:L6T?XIC1>K]G;)UD^ZD[JEGNM]@W77[V5977 M7B+.4=TJS2E:'!*J]I+R,[#ZK-;XK5T_>:=';94]Q"$GMJNC:2=$Z95?&B=*I-I5R.!&]J^O$NG$JQ^UJRL2P-15YG:JGK^IWR+-)U^!>1\OL2 M6I=C=V&W6J"J%5A*O',M;W2/F7DQ+3J:?+EY'D2/X^0B03'(23>)?9[>SN9N MW[LSNI+\)M MY:]?YBYP:4,5Q0(^N0#.2L$>*JST)B%CE5@,W,)4\G3A4V?[8_(C?EPU0GNW_[9>'[$:J/K>J7I1"?+G4&`,`8`P!@#`&`,`8!6.OM> MWG:]R@M>ZUJLU=KM970,X2MP#0SR0>*?%58P`)46;!HG]]PZ7.DV;)`)U3D( M`CAM+%Y&*]>M;>T[U^2C:CFWE^G9F;A'TVOI35+J6VC=M[?"(O78MXS\VJB) M0>U;4Z+Q$2KQ51,NF7\1LATE!2>3)B%,("9%J5-$3G<:T[CE@O=/F_6_B"YU M%O;;:L-DGZ9]KY+E'TO'+,AF(\R,`8`P!@#`&`?.R["_0&^JE?>P&^+W5NOU M8D*Q=]U;7N-:?J[PTZQ4?5ZT7ZP3D(\49/+BB\9J.HQ^DH9)4A%4Q-XG*!@$ M,`VCN@'0O>>LOIB=;^L^Y:_KVH[>U/M.Q[#GJ=>6T5MJ@2"'[V+[9XN(FB5. MP$C9)&2@[&@X(=%TI\LX*3S()B&*$Q=#(CV52T6_TS)UVJD7EG)XQDX+(&=QYU"J M`R2(1$4U.//+:C8CU%6Z:(MZ8R2L]%BU6GR<;,3\.JL. MK]OZVG)"AU^X+66YP-TUW5*+`RJ_[P=C7?5O,NJ44Z>9"24G&D7&3DUX8QP=<\\*EF4=0;KW#+$D[O`SS9?8'8[6" M[V81UD_UJQ-I.A:A8UK;S.T5R>M=CGZU#;$;).8EJ#IV9V\?F2,BW^4127-: MJ67(VGN=KMHZ;4E2%B6&I2\9/K;4V\+5X.D.9 M*N-(/;NO]J2'XS.VV\*22M(DVSTT8W<6JR23J,"1;MBI@9)3VDS??%(YA'F= M7/D([VXY2E=2DW;E!42C35QP2K0J2X:TG[_9-625DG(8E?UMLF_ M]97#.%L$)K9N]=NI0Y6RE66GPE'(@DH1Q*,FQTBHD)P,)TJ4MWX687(P3US@ MHU;RQ3EPXTHN2;S+4;[ZMI[FL#V?;*T2+6:PE<7B6<[3"S\5:+E$W>MV"15V MHP:OH9>XU5]4::WKB;4SD%$HR6DR`;Q4(094J&QM-_\`EH*#UO%UI*C47%I: M,Z.LM5:9J)(#4U$'5^L-?ZY-,+V`U&I]>JIIIRB+923&#C&T>+L&@KNA9HJB MARDC[JOLI^)/,_CY##Q=33W%WS[\[U*:Y-TY59<'(,(P!@#`&`,`8`P!@#`& M`,`8`P"A=C:THFVZG(TC8U9C+76)0H?,QLFCY@DL0#`B]8N4S)NXV2:B812< MMSIKI"/)3!R.2FUBC+9OWMO<5VS)QN+BOTQ788`>T/TMMB:V4D;;H@TAL^C$ M%5TK5%/;/L.O-_(3>TV13*DC<6:)1X`S[I;N\_HO\`A]G:8I%T%VCAPS=H+M'C18[=VS=HJMG;1PD82JMW39@3355DROM:C"Q4W);`M;8CRF:AKDKM6TLUN/9EF]3^7/7 MJP<3?=,:Z79W%PX%^)@?#^@<9X&*_JE%6;>%VY)0797-_NQK+T&*2Q6*;M]A MG[;97IY*QVJ;EK+/R"@B)WTW.R#B4E70\^H>^^=*&`/@`#P'H&9```P# M)!TW^E]V3[?N8V?90JNK=/+JI*.]K7B.=-VTBR$X^Z-$K:@M)2Y.3D*8"+$% MO&`;T.Z`?N#25R,>UG$ZGU[8]-3@WYFY^I%Y?:>4?;V&W1U$Z-Z$Z7U,\)JJ MO&=6B5:H(V_9=B!N_O-M52$JAB/)(B*2<9#$W\0X3]Z2;I'1ETD^."I/T7210^!0R5)K(W]IU+>;+"S+^7]5XKU'ZC=WL9048-*GB2D\V^.2HJ M)O%FN?M_K;O_`$"^48;FT]?]>"10Z9)*=K[S\NNQ(82B>/M3$KRLR"8B7T,B M[.`YG4E+)GM=MO=GO(ZMK=A/L3Q]*S7J+(E.4Y0,0Q3E'X&*(&*/\P@(@.2; M1^L`8`P!@#`.WKU?L%OED("HP$Y:YUTH5)M"5B(D;!+N%##P4B,;$MGCU01' M]!,%9SA;CKN-1AS;27K9E*Z__1E[I;J492%JJT9H6I.#%,K,[2<&3L8H17%>U\A[T`T,F;@4U'PR3E, M0Y*J4/W_Q+U#>IPMOR;#X1S??+/U478994TTT4TT44R)))$*FD MDF4I$TTR%`I$TR%`"D(0H````<`&8SSN>+/W@#`&`,`8`P!@#`&`,`8`P!@# M`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@'%>LF4DT<,)%HU?L7 M:1D73)ZW2=-'*)PX.BX;KD4162.'Q*8!`<$IN+K%T9"G9_TV^CFWEG+RW];] M=MY1T!O=F:4?F*4?TNA M'C[?MRRO2[#JV_B[J<,+D;4_0T_D:]A8F1_AW==*',,1VBV`R3$?N$D]>5>5 M.4/L`RC28A`-_P`4,GSGR-M?&=_Z6WA7LDU^IG7(?P[-0*H&9B7U^&5=V;XG/O?$ MW6+V"NJ"_9BE\M&_E,@M!U5K'54:$/K+7E)U]%^!$S,*95X6M-E"I\>'OIP[ M)H"Y@X_6/Y&$?41YRC;>9QKVXO[B6J_.U[RRQ4L:<%S,W]O@]M:7B6ZG.6K!RHJ5 MBM,4W7!OTK)(Z8OU#*X1-]:WNO7K'5TEKG25HH%M?WK6\4>S7'<5HV+6$*=) MKRUL9UFNLHISKUZX*M*VW1L4XMCB.I$E'RLAMI6OO6U, M2;FM2SDI4&$R9.2E6Y#MFY4_<9*N@.F(PXM9F*?39V&XW7!STW'3Q)K17Q9= MF"SYI%OWG>2)G)*'L4&SF&L#K6S[,:;9JE7F==;+U&C/P2!?77:VI->STW"1T\>JSNW]:O'S)A+)"YC'))")LKN)E&4@S\ M5D'+595NLF8!(
N5TOA4T9=/W>MJU;N3@G2JA+AG@U5=S*$VCVMUDZ@H6L MZ6W=J.>V5?KW0->5T(6V52[OH,MTM\/`S-J3J\=.^]+J5F">.7B*1^&YW*21 M5N4A.`RHOBG0R[?I]]3=S=6KBL0A*3JG&NE-I5:PJZ+G3(IN7W9M./Z[6J>( M_:*7.A[G>Z=N>R&=24E&L+3H/;3>E63<_P"1F"CA-P\@Z$N,L\:)B=@U>IK* MF3%DB9+)HJ]E#)':[>6]C"C\J=K7&-:5DX:E#5VRP3S:IQ9'F.[A[S_"JE>6 M[&3M^OJK9]FTNP3<9JM_'QFVU*3L^W41&8F)IPLFVU)*R5:CH)_#('!)">EY M55!LF=$I$4ITK+B;CZ;M-4K55&]*,9).57#5%2HE]-59UG`R=9:N;<:"BIIZ\C(>6B(1R%;F&DN@^B'2:!FK M^**I1K----(O?D&J,`8`P! M@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&` M:UFR/H#VB^[%V#>TNS\#&)7>]6^XIQA]3/W9XY.T6*2G",#NB[`;E='9%?@F M*@)D`XE\O$O/``9<>KG2Z(T/UPTQH6X6DU_9W84;,,G\JG))N9@M@LK[S4=)."*-UQ M3$GW2"6VIUJ;CZINI7)7)Z9:FZII4=8J+5%3"B61Y1Z8:F9,(AA%3.RH@T!5 M:O6H6297AZ>8CGM'N=FO5/NBX**BXT^JU&.'!I--%9/NLVM)J*GHFR&L]F):YNAV*U/9 MJPN5)*Q2^O*]$5B(=23IFFRX%_%PJ7SQ42HE74,TY6P->UW9-5?U*P%?M MF;MS$R322@WRL//0*::HTUR:;3*,BM'Q%>IJU*K-VV/7&CEG(BZFXRPLCV9W9I MNTKW&PWUY+R4/('=W"PSCQP=VJH0S,Z3@Z16Q$_`I9KC5F66ZE.[YMR,).JP M:PHEI4:)Y)9<>T]D?H:A1E.I5#;!.J5RF7)&_F;R$V[EWMPMJ:ODK+ M_/25F>R-XEC3[E114AUY=%)4QO`HI&5=:A[N]*[*\Z:Y1TY4HJ)4BE@J16E= MA[],Z0I6BH"2KM*//.&DI(LWKAW99EQ.R9&T1`0]2K4(@]<%(=.$JU3KS&-8 MH\"8C=L4RAU5CJJJ&V\R-UNKN[FIW=-4N"HL6VWWMMM]_(O!D&L,`8`P!@#` M&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`8 :`P!@#`&`,`8`P!@#`&`,`8`P!@#`&`,`_]D_ ` end