-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OSKDEAWCPQ6hRhcN/x6+NDeeL7SabkpXL+HfUYbx3nsvYUv0q9Rva8LFUFBeS8Mx sCG/Q7uyfoItnow19m1Rag== 0000828803-06-000003.txt : 20060127 0000828803-06-000003.hdr.sgml : 20060127 20060127115546 ACCESSION NUMBER: 0000828803-06-000003 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051130 FILED AS OF DATE: 20060127 DATE AS OF CHANGE: 20060127 EFFECTIVENESS DATE: 20060127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON GLOBAL INCOME FUND CENTRAL INDEX KEY: 0000828803 IRS NUMBER: 222864496 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05459 FILM NUMBER: 06555971 BUSINESS ADDRESS: STREET 1: BROWARD FINANCIAL CENTRE STREET 2: 500 EAST BROWARD BLVD., SUITE 2100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394-3091 BUSINESS PHONE: 9545277500 MAIL ADDRESS: STREET 1: BROWARD FINANCIAL CENTRE STREET 2: 500 EAST BROWARD BLVD., SUITE 2100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394-3091 FORMER COMPANY: FORMER CONFORMED NAME: TEMPLETON GLOBAL INCOME FUND INC DATE OF NAME CHANGE: 19920703 N-Q 1 gim-nq1105.txt TEMPLETON GLOBAL INCOME FUND QUARTERLY REPORT FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-05459 --------- TEMPLETON GLOBAL INCOME FUND -------------------------------------------------- (Exact name of registrant as specified in charter) 500 EAST BROWARD BLVD., SUITE 2100, FORT LAUDERDALE, FL 33394-3091 -------------------------------------------------------------------- (Address of principal executive offices) (Zip code) CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906 ------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (954) 527-7500 -------------- Date of fiscal year end: 08/31 ----- Date of reporting period: 11/30/05 -------- ITEM 1. SCHEDULE OF INVESTMENTS. TEMPLETON GLOBAL INCOME FUND QUARTERLY STATEMENT OF INVESTMENTS NOVEMBER 30, 2005 - -------------------------------------------------------------------------------- CONTENTS Statement of Investments .............................................. 3 Notes to Statement of Investments ..................................... 8 [LOGO](R) FRANKLIN TEMPLETON INVESTMENTS Franklin o TEMPLETON o Mutual Series Quarterly Statement of Investments | 1 This page intentionally left blank. TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED)
- ---------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(c) VALUE - ---------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS 97.3% ARGENTINA 1.8% (a),(b)Government of Argentina, FRN, 4.005%, 8/03/12 .................................. 26,750,000 $ 20,816,470 ------------- AUSTRALIA 5.2% New South Wales Treasury Corp., 8.00%, 3/01/08 ............................................................... 6,200,000 AUD 4,822,188 6.00%, 5/01/12 ............................................................... 10,200,000 AUD 7,711,062 Queensland Treasury Corp., 6.00%, 7/14/09 ............................................................... 4,100,000 AUD 3,086,501 6.00%, 8/14/13 ............................................................... 56,500,000 AUD 43,002,915 ------------- 58,622,666 ------------- Austria 2.9% Government of Austria, 9.00%, 9/15/06 ............................................................... 865,000,000 ISK 13,743,074 5.50%, 10/20/07 .............................................................. 10,720,000 EUR 13,263,423 5.00%, 7/15/12 ............................................................... 4,580,000 EUR 5,963,215 ------------- 32,969,712 ------------- Belgium 2.4% Government of Belgium, 8.50%, 10/01/07 .............................................................. 19,718,000 EUR 25,592,540 5.00%, 9/28/12 ............................................................... 1,480,000 EUR 1,930,795 ------------- 27,523,335 ------------- BRAZIL 0.4% (a)Government of Brazil, FRN, 5.25%, 4/15/12 ...................................... 4,289,314 4,216,932 ------------- CANADA 6.7% Government of Canada, 8.75%, 12/01/05 .............................................................. 5,290,000 4,537,267 6.00%, 6/01/11 ............................................................... 26,263,000 CAD 24,818,411 Province of Alberta, 7.50%, 12/01/05 .............................................................. 9,470,000 8,122,480 5.00%, 12/16/08 .............................................................. 28,530,000 CAD 25,234,576 Province of British Columbia, 6.00%, 6/09/08 ................................... 7,000,000 CAD 6,310,267 Province of Ontario, 7.75%, 7/24/06 ............................................ 8,610,000 CAD 7,574,127 ------------- 76,597,128 ------------- DENMARK 1.7% Government of Denmark, 6.00%, 11/15/11 .............................................................. 15,500,000 DKK 2,826,621 5.00%, 11/15/13 .............................................................. 92,320,000 DKK 16,330,263 ------------- 19,156,884 ------------- FINLAND 0.9% Government of Finland, 5.00%, 7/04/07 .......................................... 8,680,000 EUR 10,595,222 ------------- FRANCE 0.2% Government of France, 4.25%, 4/25/19 ........................................... 2,250,000 EUR 2,835,623 -------------
Quarterly Statement of Investments | 3 TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
- --------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(c) VALUE - --------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONT.) GERMANY 1.4% Government of Germany, 2.75%, 6/23/06 .............................................. 295,000 EUR $ 348,270 KfW Bankengruppe, senior note, 6.375%, 2/17/15 ..................................... 22,950,000 NZD 15,884,888 ------------- 16,233,158 ------------- GREECE 0.5% Government of the Hellenic Republic, 4.60%, 5/20/13 ................................ 4,560,000 EUR 5,780,873 ------------- INDONESIA 6.2% Government of Indonesia, 11.00%, 10/15/14 ................................................................. 55,000,000,000 IDR 4,656,031 9.50%, 6/15/15 ................................................................... 33,050,000,000 IDR 2,484,798 10.75%, 5/15/16 .................................................................. 82,245,000,000 IDR 6,637,846 11.00%, 11/15/20 ................................................................. 359,100,000,000 IDR 27,701,189 Indonesia Recapital Bonds, 14.00%, 6/15/09 .................................................................. 20,470,000,000 IDR 2,071,452 13.15%, 3/15/10 .................................................................. 21,330,000,000 IDR 2,095,777 15.425%, 9/15/10 ................................................................. 4,800,000,000 IDR 508,302 13.15%, 1/15/12 .................................................................. 33,200,000,000 IDR 3,235,303 14.25%, 6/15/13 .................................................................. 84,050,000,000 IDR 8,495,715 14.275%, 12/15/13 ................................................................ 126,836,000,000 IDR 12,818,528 ------------- 70,704,941 ------------- IRISH REPUBLIC 0.7% Government of Ireland, 4.25%, 10/18/07 ............................................. 7,000,000 EUR 8,478,075 ------------- MALAYSIA 2.3% Government of Malaysia, 4.305%, 2/27/09 .................................................................. 75,200,000 MYR 20,561,567 4.032%, 9/15/09 .................................................................. 21,400,000 MYR 5,749,463 ------------- 26,311,030 ------------- MEXICO 1.0% (d)Government of Mexico, 144A, 7.50%, 3/08/10 ......................................... 8,800,000 EUR 11,937,586 ------------- NETHERLANDS 0.1% Government of the Netherlands, 5.75%, 2/15/07 ...................................... 800,000 EUR 976,844 ------------- NEW ZEALAND 4.6% Government of New Zealand, 7.00%, 7/15/09 ................................................................... 41,630,000 NZD 30,086,203 6.00%, 11/15/11 .................................................................. 25,723,000 NZD 18,115,426 Inter-American Development Bank, 6.00%, 12/15/17 ................................... 6,000,000 NZD 4,026,526 ------------- 52,228,155 ------------- NORWAY 4.7% Government of Norway, 6.75%, 1/15/07 ............................................... 343,407,000 NOK 53,139,903 ------------- PERU 3.1% Government of Peru, 9.91%, 5/05/15 ................................................................... 6,500,000 PEN 2,241,486 7.84%, 8/12/20 ................................................................... 47,200,000 PEN 13,850,494 Series 7, 8.60%, 8/12/17 ......................................................... 61,545,000 PEN 19,232,970 ------------- 35,324,950 -------------
4 | Quarterly Statement of Investments TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
- --------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(c) VALUE - --------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONT.) PHILIPPINES 2.0% Government of the Philippines, 9.00%, 2/15/13 .................................................................. 5,500,000 $ 6,070,625 Reg S, 9.125%, 2/22/10 .......................................................... 12,170,000 EUR 16,308,911 ------------- 22,379,536 ------------- POLAND 7.8% Government of Poland, 8.50%, 11/12/06 ................................................................. 100,860,000 PLN 31,492,312 8.50%, 5/12/07 .................................................................. 68,700,000 PLN 21,783,059 6.00%, 5/24/09 .................................................................. 65,250,000 PLN 20,234,725 6.25%, 10/24/15 ................................................................. 12,550,000 PLN 4,051,685 5.75%, 9/23/22 .................................................................. 34,200,000 PLN 10,727,551 ------------- 88,289,332 ------------- SINGAPORE 2.9% Government of Singapore, 4.00%, 3/01/07 ........................................... 55,475,000 SGD 33,363,402 ------------- SLOVAK REPUBLIC 4.8% Government of Slovakia, 4.80%, 4/14/09 .................................................................. 298,100,000 SKK 9,725,877 7.50%, 3/13/12 .................................................................. 84,000,000 SKK 3,190,267 4.90%, 2/11/14 .................................................................. 53,300,000 SKK 1,808,203 5.30%, 5/12/19 .................................................................. 50,200,000 SKK 1,823,785 Strip, 1/14/07 .................................................................. 1,264,000,000 SKK 37,995,346 ------------- 54,543,478 ------------- SOUTH AFRICA 0.2% Government of South Africa, 5.25%, 5/16/13 ........................................ 2,000,000 EUR 2,553,397 ------------- SOUTH KOREA 14.8% Government of Korea, 4.50%, 3/05/06 .................................................................. 19,500,000,000 KRW 18,827,000 4.50%, 9/03/06 .................................................................. 29,790,000,000 KRW 28,714,947 6.90%, 1/16/07 .................................................................. 41,010,000,000 KRW 40,472,146 4.75%, 3/03/07 .................................................................. 7,900,000,000 KRW 7,610,232 6.15%, 7/10/07 .................................................................. 10,000,000,000 KRW 9,814,140 5.77%, 10/09/07 ................................................................. 39,640,000,000 KRW 38,715,881 4.75%, 3/12/08 .................................................................. 8,075,000,000 KRW 7,732,075 4.50%, 9/09/08 .................................................................. 12,000,000,000 KRW 11,392,552 Korea Treasury Bond, 5.00%, 3/26/13 ............................................... 5,000,000,000 KRW 4,668,193 ------------- 167,947,166 ------------- SPAIN 2.0% Government of Spain, 8.80%, 4/30/06 .................................................................. 13,342,000 EUR 16,124,026 5.00%, 7/30/12 .................................................................. 4,850,000 EUR 6,314,970 ------------- 22,438,996 -------------
Quarterly Statement of Investments | 5 TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED)
- --------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(c) VALUE - --------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONT.) SWEDEN 8.0% Government of Sweden, 8.00%, 8/15/07 ............................................................... 218,550,000 SEK $ 29,563,065 6.50%, 5/05/08 ............................................................... 100,400,000 SEK 13,548,668 5.25%, 3/15/11 ............................................................... 273,300,000 SEK 37,375,488 5.50%, 10/08/12 .............................................................. 43,560,000 SEK 6,143,887 Strip, 9/20/06 ............................................................... 39,400,000 SEK 4,804,754 -------------- 91,435,862 -------------- Thailand 5.6% Bank of Thailand Bond, 3.25%, 5/19/07 .......................................... 407,690,000 THB 9,808,975 Government of Thailand, 8.00%, 12/08/06 .............................................................. 1,453,680,000 THB 36,675,946 5.60%, 7/07/07 ............................................................... 499,730,000 THB 12,223,060 4.125%, 2/12/08 .............................................................. 178,700,000 THB 4,231,340 8.50%, 12/08/08 .............................................................. 31,000,000 THB 814,661 -------------- 63,753,982 -------------- Ukraine 0.3% (a)Government of the Ukraine, FRN, 7.34313%, 8/05/09 .............................. 2,645,000 2,870,090 -------------- Venezuela 2.1% Government of Venezuela, 9.25%, 9/15/27 ........................................ 20,355,000 23,525,291 -------------- TOTAL LONG TERM INVESTMENTS (COST $1,027,830,346) .............................. 1,107,550,019 -------------- ---------------- SHARES/PRINCIPAL AMOUNT(c) ---------------- SHORT TERM INVESTMENTS 0.9% EGYPT 0.5% (e)Egypt Treasury Bills, 5/30/06 - 11/21/06 ....................................... 35,900,000 EGP 5,922,577 -------------- UNITED STATES 0.4% (f)Franklin Institutional Fiduciary Trust Money Market Portfolio .................. 4,493,933 4,493,933 -------------- TOTAL SHORT TERM INVESTMENTS (COST $10,338,371) ................................ 10,416,510 -------------- TOTAL INVESTMENTS (COST $1,038,168,717) 98.2% .................................. 1,117,966,529 NET UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS 0.0%(g) ...................... 13,073 Other Assets, less Liabilities 1.8% ............................................ 20,119,699 -------------- Net Assets 100.0% .............................................................. $1,138,099,301 ==============
6 | Quarterly Statement of Investments TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2005 (UNAUDITED) (CONTINUED) SELECTED PORTFOLIO ABBREVIATIONS FRN - Floating Rate Note CURRENCY ABBREVIATIONS AUD - Australian Dollar CAD - Canadian Dollar DKK - Danish Krone EGP - Egyptian Pound EUR - Euro IDR - Indonesian Rupiah ISK - Iceland Krona KRW - Korean Won MYR - Malaysian Ringgit NOK - Norwegian Krone NZD New Zealand Dollar PEN - Peru Nuevo Sol PLN - Polish Zloty SEK - Swedish Krona SGD - Singapore Dollar SKK - Slovak Koruna THB - Thai Baht (a) The coupon shown represents the rate at period end. (b) The principal amount is stated in original face, and scheduled paydowns are reflected in the market price on ex-date. (c) The principal amount is stated in U.S. dollars unless otherwise indicated. (d) Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund's Board of Trustees. At November 30, 2005, the aggregate value of these securities was $11,937,586, representing 1.05% of net assets. (e) The security is traded on a discount basis with no stated coupon rate. (f) The Franklin Institutional Fiduciary Trust Money Market Portfolio in managed by the Fund's investment manager. (g) Amount rounds to less than 0.05% of net assets. Quarterly Statement of Investments | See Notes to Statement of Investments. | 7 TEMPLETON GLOBAL INCOME FUND NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) Templeton Global Income Fund (the Fund) is registered under the Investment Company Act of 1940 as a non-diversified closed-end investment company. 1. INCOME TAXES At November 30, 2005, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows: Cost of investments .................................... $ 1,060,382,273 =============== Unrealized appreciation ................................ $ 83,359,113 Unrealized depreciation ................................ (25,774,857) --------------- Net unrealized appreciation (depreciation) ............. $ 57,584,256 =============== 2. FORWARD EXCHANGE CONTRACTS At November 30, 2005, the Fund had the following forward exchange contracts outstanding:
- ---------------------------------------------------------------------------------------------------- CONTRACT SETTLEMENT UNREALIZED CONTRACTS TO BUY AMOUNT DATE GAIN (LOSS) - ---------------------------------------------------------------------------------------------------- 117,100,000 Thailand Bhat 4,118,599 NZD 11/30/06 $13,073 ------- UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS $13,073 =======
CURRENCY ABBREVIATIONS NZD - New Zealand Dollar For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. 8 | Quarterly Statement of Investments ITEM 2. CONTROLS AND PROCEDURES. (a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The Registrant maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Registrant's filings under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission. Such information is accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. The Registrant's management, including the principal executive officer and the principal financial officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Within 90 days prior to the filing date of this Quarterly Schedule of Portfolio Holdings on Form N-Q, the Registrant had carried out an evaluation, under the supervision and with the participation of the Registrant's management, including the Registrant's principal executive officer and the Registrant's principal financial officer, of the effectiveness of the design and operation of the Registrant's disclosure controls and procedures. Based on such evaluation, the Registrant's principal executive officer and principal financial officer concluded that the Registrant's disclosure controls and procedures are effective. (b) CHANGES IN INTERNAL CONTROLS. There have been no significant changes in the Registrant's internal controls or in other factors that could significantly affect the internal controls subsequent to the date of their evaluation in connection with the preparation of this Quarterly Schedule of Portfolio Holdings on Form N-Q. ITEM 3. EXHIBITS. (a) Certifications pursuant to Section 30a-2 of the Investment Company Act of 1940 of Jimmy D. Gambill, Chief Executive Officer - Finance and Administration, and Galen G. Vetter, Chief Financial Officer. 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. TEMPLETON GLOBAL INCOME FUND By /s/JIMMY D. GAMBILL ----------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration Date January 23, 2006 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/JIMMY D. GAMBILL ----------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration Date January 23, 2006 By /s/GALEN G. VETTER ------------------------------ Galen G. Vetter Chief Financial Officer Date January 23, 2006 EX-99.CERT 2 gim302nq1105.txt GIM 302 CERTIFICATIONS Exhibit 3(a) I, Jimmy D. Gambill, certify that: 1. I have reviewed this report on Form N-Q of TEMPLETON GLOBAL INCOME 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; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) 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 registrant's most recent fiscal quarter 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(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (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. January 23, 2006 /s/JIMMY D. GAMBILL Jimmy D. Gambill Chief Executive Officer - Finance and Administration I, Galen G. Vetter, certify that: 1. I have reviewed this report on Form N-Q of TEMPLETON GLOBAL INCOME 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; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) 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 registrant's most recent fiscal quarter 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(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (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. January 23, 2006 /s/GALEN G. VETTER Galen G. Vetter Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----