-----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,
 AgMADUMh3v8aJXGsqZGFS8cXa1j/W2+l4pfDkU2Szd7Nx8fj7IE2i89c+qkSDCvU
 8bJFNQn+DH+oQej0COYqCQ==

<SEC-DOCUMENT>0000000000-09-014513.txt : 20090507
<SEC-HEADER>0000000000-09-014513.hdr.sgml : 20090507
<ACCEPTANCE-DATETIME>20090323091214
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-09-014513
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090323

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SWS GROUP INC
		CENTRAL INDEX KEY:			0000878520
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				752040825
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 3500
		STREET 2:		1201 ELM STREET
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75270
		BUSINESS PHONE:		2146511800

	MAIL ADDRESS:	
		STREET 1:		SUITE 3500
		STREET 2:		1201 ELM STREET
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75270

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHWEST SECURITIES GROUP INC
		DATE OF NAME CHANGE:	19930328
PUBLIC REFERENCE ACCESSION NUMBER:		0001193125-08-190916
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C8S(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#$S
M,S0P+T\@-C4O12`V-3`U+TX@,2]4(#$R,#,S+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HV,R`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DX(#`P,#`P(&X-"C`P,#`P,#$Q-S$@
M,#`P,#`@;@T*,#`P,#`P,30Q-"`P,#`P,"!N#0HP,#`P,#`Q.#8X(#`P,#`P
M(&X-"C`P,#`P,#(R.3`@,#`P,#`@;@T*,#`P,#`P,C,R-2`P,#`P,"!N#0HP
M,#`P,#`S,C0S(#`P,#`P(&X-"C`P,#`P,#4Y,S8@,#`P,#`@;@T*,#`P,#`P
M-C$W.2`P,#`P,"!N#0HP,#`P,#`V-#(X(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#<V+U!R978@,3(P,C(O6%)E9E-T;2`W,S$O4F]O="`V-"`P(%(O26YF;R`V
M(#`@4B])1%L\-D$Y0D$X.#0W1#(X-T0U1C0P,#A&.38R-3-$-C(Y1C<^/#8R
M,#(R-4%%,#<X,3!"-#E".$)!-D0U1C%&,D(U0T(Q/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C<U(#`@;V)J#3P\+TQE;F=T:"`X-2]#(#DU+T9I
M;'1E<B]&;&%T941E8V]D92])(#$Q-R],(#<Y+U,@,SD^/G-T<F5A;0T*>-IB
M8&#@9&!@?L(`!"+7&%`!$Q"S,'`<0!'DA&(&!F4&'E[&Q1(&#.962;P,UY@6
MP#3)+(5JM@)B1@8&B5T0FODUW!0V!@9=#8@HHSQ`@`$`<\L)>`T*96YD<W1R
M96%M#65N9&]B:@TW-"`P(&]B:@T\/"],96YG=&@@,C`O1FEL=&5R+T9L871E
M1&5C;V1E+U=;,2`Q(#%=+TEN9&5X6S<@-39=+T1E8V]D95!A<FUS/#PO0V]L
M=6UN<R`S+U!R961I8W1O<B`Q,CX^+U-I>F4@-C,O5'EP92]84F5F/CYS=')E
M86T-"GC:8F)B9&!B8&`<KA@@P`!,QP"K#0IE;F1S=')E86T-96YD;V)J#38T
M(#`@;V)J#3P\+TUA<FM);F9O/#PO3&5T=&5R<W!A8V5&;&%G<R`P+TUA<FME
M9"!T<G5E/CXO365T861A=&$@-2`P(%(O4&EE8V5);F9O/#PO36%R:V5D4$1&
M/#PO3&%S=$UO9&EF:65D*$0Z,C`P.3`S,C,P.3$Q,C0I/CX^/B]086=E<R`T
M(#`@4B]086=E3&%Y;W5T+T]N94-O;'5M;B]3=')U8W14<F5E4F]O="`W(#`@
M4B]4>7!E+T-A=&%L;V<O3&%N9RC^_P!%`$X`+0!5`%,I+TQA<W1-;V1I9FEE
M9"A$.C(P,#DP,S(S,#DQ,3(T*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J
M#38U(#`@;V)J#3P\+T-R;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`T(#`@
M4B]3=')U8W1087)E;G1S(#`O0V]N=&5N=',@-CD@,"!2+U)O=&%T92`P+TUE
M9&EA0F]X6S`@,"`V,3(@-SDR72]297-O=7)C97,\/"]#;VQO<E-P86-E/#PO
M0U,P(#8X(#`@4CX^+T9O;G0\/"]45#`@-C8@,"!2+U14,2`V-R`P(%(^/B]0
M<F]C4V5T6R]01$8O5&5X=%TO17AT1U-T871E/#PO1U,P(#<S(#`@4CX^/CXO
M5'EP92]086=E/CX-96YD;V)J#38V(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y
M<&4O1F]N=$1E<V-R:7!T;W(@-S$@,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;
M,C4P(#`@,"`P(#`@,"`P(#`@,S,S(#,S,R`P(#`@,C4P(#,S,R`R-3`@,"`U
M,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@,C<X(#`@
M,"`P(#`@,"`P(#<R,B`V-C<@-C8W(#<R,B`V,3$@-34V(#<R,B`W,C(@,S,S
M(#`@-S(R(#8Q,2`X.#D@,"`W,C(@,"`P(#8V-R`U-38@-C$Q(#<R,B`W,C(@
M.30T(#<R,B`P(#`@,"`P(#`@,"`P(#`@-#0T(#`@-#0T(#4P,"`T-#0@,S,S
M(#4P,"`U,#`@,C<X(#`@-3`P(#(W."`W-S@@-3`P(#4P,"`U,#`@,"`S,S,@
M,S@Y(#(W."`U,#`@-3`P(#<R,B`U,#`@-3`P72]"87-E1F]N="]4:6UE<TYE
M=U)O;6%N4%--5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D
M:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TV-R`P(&]B:@T\/"]3=6)T>7!E+U1R
M=654>7!E+T9O;G1$97-C<FEP=&]R(#<R(#`@4B],87-T0VAA<B`Q,C$O5VED
M=&AS6S(U,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,C<X
M(#4P,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`S,S,@
M,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#8Q,2`W-S@@,"`S.#D@,"`W-S@@,"`P
M(#<R,B`P(#`@,"`W,C(@-34V(#`@,"`P(#$P,#`@,"`P(#`@,"`P(#`@,"`P
M(#`@-3`P(#`@-#0T(#4U-B`T-#0@,S,S(#`@-34V(#(W."`P(#`@,C<X(#@S
M,R`U-38@-3`P(#4U-B`P(#0T-"`P(#,S,R`U-38@,"`P(#`@-3`P72]"87-E
M1F]N="]4:6UE<TYE=U)O;6%N4%,M0F]L9$U4+T9I<G-T0VAA<B`S,B]%;F-O
M9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#38X(#`@
M;V)J#5LO24-#0F%S960@-S`@,"!270UE;F1O8FH--CD@,"!O8FH-/#PO3&5N
M9W1H(#@T."]&:6QT97(O1FQA=&5$96-O9&4^/G-T<F5A;0T*2(F4EFMOFS`4
MAK_G5YR/,`6P#>92597:I.FR-MO4L(O4[@,B3L-&H`+2+O]^-B00$E.Z7$0,
MAX?CU^<]SI4_,+["^;DQ&TW'@.#BXFH\@H$QFB,(<WY"O"$/DX%QPT\]Y0/#
M]Q%@\)<#3,JK_.#P#W)U?O#7`P54__?@>B8P#1KOT0@TK&.;@C_N""7[4/]#
M1X39&V'U1M#>"+M.64<(V>"'H.U_OH*X;19$,<R+]!DL:F,IQ*DE]7U<Z88$
M"0D&]G1:RN&"O^C(PCT`[(0ODS";?$S!LG8H2DO6+,C"%1!S"`0A3TKVFB79
M)Z3M*3;MS@C79:+5$W@SOE[[*EU2/F[WJQ+R^_02OLUGE],[")(%3"Y_PJ-"
ML/6H@DL]T,`S.R:!ZVHAND/KB92+*K_!;"TK:62LLYEE.MRR)&'%"NYU^!@D
M?W(YRVJQW(;E[E@/RF@5L:5J*3")DB`)HR"&+V(LOI&J825D&:B__$^G=-K6
M#=>ZX9H^_Z%ZRAQNLG3S/(1I$NH=K'8QTR936K,PX>#K>*VZ"B_JC+%B"/--
M5#`P*4(=7*?%M1JNM5=S',1QD`_!9W^#'!Q*'"07TSVMQTYO8D_BJUHDK5')
M;/SUH-RS,^"2$XJX<.]0C:#6"GC'LFD5W:GH'$T<&]7'29JMN5FT6UBF&10K
M!EL69,"2!5N`;1#'(*)0Y$]N>\9SCMQN-P]6)E',@6D"GD%W2%E7)2<N?`6T
MQXPK#'Q.=>`7N;$MUY1S3$E#:AJ(?=B$Y`#KS9)I[0]C(9C,CF=R-/V/$B)O
M6\(\Z&L/BK`9$VZ%5?#"($R%2YY5K,2L$.)O,LC82\1>(5W"5@S%Z@LGE04@
MFEK&XD#$+J,X2I[R\MPBA23E-@L*7A]17M6"M)=H[7R*:"TR&E;I!,D6EIN,
MEUA6IN8IY=6DR+L*VSD5RNQMY,3MW3.)=]R.CQ*'W6NN$H=BW@&)8[E*(D9(
M"<5("%T>LNK:;A17HVT5.:P.\MF9J#4[[J6^F9FX_S_'._Z6M+>6`\\Z)P*/
MHI#%6[@+9JGH#%*<U;MO7F5\2UE!N<?(&1)':-R!O8+8Q^MXI&+Y$G=V[[1F
MN\BZ9>LO*]/K#;%0?TC35+MJXMH?_!-@`"9<>_,-"F5N9'-T<F5A;0UE;F1O
M8FH--S`@,"!O8FH-/#PO3&5N9W1H(#(U.3@O1FEL=&5R+T9L871E1&5C;V1E
M+TX@,R]!;'1E<FYA=&4O1&5V:6-E4D="/CYS=')E86T-"FC>G)9W5%37%H?/
MO7=ZH<TPTAEZDRXP@/0N(!T$41AF!AC*`,,,36R(J$!$$1$!19"@@`&CH4BL
MB&(A**A@#T@04&(PBJBH9$;62GQY>>_EY??'O=_:9^]S]]E[G[4N`"1/'RXO
M!98"()DGX`=Z.--7A4?0L?T`!GB``:8`,%GIJ;Y![L%`)"\W%WJZR`G\B]X,
M`4C\OF7HZ4^G@_]/TJQ4O@``R%_$YFQ..DO$^2).RA2DBNTS(J;&)(H91HF9
M+TI0Q')BCEODI9]]%ME1S.QD'EO$XIQ3V<EL,?>(>'N&D"-BQ$?$!1E<3J:(
M;XM8,TF8S!7Q6W%L,H>9#@"*)+8+.*QX$9N(F,0/#G01\7(`<*2X+SCF"Q9P
ML@3B0[FDI&;SN7'Q`KHN2X]N:FW-H'MR,I,X`H&A/Y.5R.2SZ2XIR:E,7C8`
MBV?^+!EQ;>FB(EN:6EM:&IH9F7Y1J/^Z^#<E[NTBO0KXW#.(UO>'[:_\4NH`
M8,R*:K/K#UO,?@`ZM@(@=_\/F^8A`"1%?6N_\<5Y:.)YB1<(4FV,C3,S,XVX
M'):1N*"_ZW\Z_`U]\3TC\7:_EX?NRHEE"I,$=''=6"E)*4(^/3V5R>+0#?\\
MQ/\X\*_S6!K(B>7P.3Q11*AHRKB\.%&[>6RN@)O"HW-Y_ZF)_S#L3UJ<:Y$H
M]9\`-<H(2-V@`N3G/H"B$`$2>5#<]=_[YH,/!>*;%Z8ZL3CWGP7]^ZYPB?B1
MSHW['.<2&$QG"?D9BVOB:PG0@``D`17(`Q6@`72!(3`#5L`6.`(WL`+X@6`0
M#M8"%H@'R8`/,D$NV`P*0!'8!?:"2E`#ZD$C:`$G0`<X#2Z`R^`ZN`GN@`=@
M!(R#YV`&O`'S$`1A(3)$@>0A54@+,H#,(`9D#[E!/E`@%`Y%0W$0#Q)"N=`6
MJ`@JA2JA6J@1^A8Z!5V`KD(#T#UH%)J"?H7>PPA,@JFP,JP-&\,,V`GVAH/A
M-7`<G`;GP/GP3K@"KH./P>WP!?@Z?`<>@9_#LPA`B`@-44,,$0;B@O@A$4@L
MPD<V((5(.5*'M"!=2"]R"QE!II%W*`R*@J*C#%&V*$]4"(J%2D-M0!6C*E%'
M4>VH'M0MU"AJ!O4)348KH0W0-F@O]"IT'#H378`N1S>@V]"7T'?0X^@W&`R&
MAM'!6&$\,>&8!,PZ3#'F`*85<QXS@!G#S&*Q6'FL`=8.ZX=E8@78`NQ^[#'L
M.>P@=AS[%D?$J>+,<.ZX"!P/EX<KQS7ASN(&<1.X>;P47@MO@_?#L_'9^!)\
M/;X+?P,_CI\G2!-T"':$8$("83.A@M!"N$1X2'A%)!+5B=;$`"*7N(E803Q.
MO$(<);XCR9#T22ZD2)*0M)-TA'2>=(_TBDPF:Y,=R1%D`7DGN9%\D?R8_%:"
M(F$DX27!EM@H4271+C$H\4(2+ZDEZ22Y5C)'LESRI.0-R6DIO)2VE(L44VJ#
M5)74*:EAJ5EIBK2IM)]TLG2Q=)/T5>E)&:R,MHR;#%LF7^:PS$69,0I"T:"X
M4%B4+91ZRB7*.!5#U:%Z41.H1=1OJ/W4&5D9V66RH;)9LE6R9V1':`A-F^9%
M2Z*5T$[0AFCOER@O<5K"6;)C2<N2P25S<HIRCG(<N4*Y5KD[<N_EZ?)N\HGR
MN^4[Y!\IH!3T%0(4,A4.*EQ2F%:D*MHJLA0+%4\HWE>"E?25`I76*1U6ZE.:
M5591]E!.5=ZO?%%Y6H6FXJB2H%*F<E9E2I6B:J_*52U3/:?ZC"Y+=Z(GT2OH
M/?09-24U3S6A6JU:O]J\NHYZB'J>>JOZ(PV"!D,C5J-,HUMC1E-5TU<S5[-9
M\[X67HNA%:^U3ZM7:TY;1SM,>YMVA_:DCIR.ETZ.3K/.0UVRKH-NFFZ=[FT]
MC!Y#+U'O@-Y-?5C?0C]>OTK_A@%L8&G`-3A@,+`4O=1Z*6]IW=)A0Y*ADV&&
M8;/AJ!'-R,<HSZC#Z(6QIG&$\6[C7N-/)A8F22;U)@],94Q7F.:9=IG^:J9O
MQC*K,KMM3C9W-]]HWFG^<IG!,LZR@\ON6E`L?"VV671;?+2TLN1;MEA.66E:
M15M56PTSJ`Q_1C'CBC7:VMEZH_5IZW<VEC8"FQ,VO]@:VB;:-ME.+M=9SEE>
MOWS,3MV.:5=K-V)/MX^V/V0_XJ#FP'2H<WCBJ.'(=FQPG'#2<TIP.N;TPMG$
MF>_<YCSG8N.RWN6\*^+JX5KHVN\FXQ;B5NGVV%W=/<Z]V7W&P\)CG<=Y3[2G
MM^=NSV$O92^65Z/7S`JK%>M7]'B3O(.\*[V?^.C[\'VZ?&'?%;Y[?!^NU%K)
M6]GA!_R\_/;X/?+7\4_S_SX`$^`?4!7P--`T,#>P-X@2%!74%/0FV#FX)/A!
MB&Z(,*0[5#(T,K0Q="[,-:PT;&25\:KUJZZ'*X1SPSLCL!&A$0T1LZO=5N]=
M/1YI$5D0.;1&9TW6FJMK%=8FK3T3)1G%C#H9C8X.BVZ*_L#T8]8Q9V.\8JIC
M9E@NK'VLYVQ'=AE[BF/'*>5,Q-K%EL9.QMG%[8F;BG>(+X^?YKIP*[DO$SP3
M:A+F$OT2CR0N)(4EM2;CDJ.33_%D>(F\GA25E*R4@52#U(+4D32;M+UI,WQO
M?D,ZE+XFO5-`%?U,]0EUA5N%HQGV&549;S-#,T]F26?QLOJR];-W9$_DN.=\
MO0ZUCK6N.U<M=W/NZ'JG];4;H`TQ&[HW:FS,WSB^R6/3T<V$S8F;?\@SR2O-
M>[TE;$M7OG+^IORQK1Y;FPLD"O@%P]MLM]5L1VWG;N_?8;YC_XY/A>S":T4F
M1>5%'XI9Q=>^,OVJXJN%G;$[^TLL2P[NPNSB[1K:[;#[:*ET:4[IV![?/>UE
M]++"LM=[H_9>+5]67K./L$^X;Z3"IZ)SO^;^7?L_5,97WJERKFJM5JK>43UW
M@'U@\*#CP98:Y9JBFO>'N(?NUGK4MM=IUY4?QAS../RT/K2^]VO&UXT-"@U%
M#1^/\(Z,'`T\VM-HU=C8I-14T@PW"YNGCD4>N_F-ZS>=+88MM:VTUJ+CX+CP
M^+-OH[\=.N%]HOLDXV3+=UK?5;=1V@K;H?;L]IF.^(Z1SO#.@5,K3G5WV7:U
M?6_T_9'3:J>KSLB>*3E+.)M_=N%<SKG9\ZGGIR_$71CKCNI^<''5Q=L]`3W]
ME[PO7;GL?OEBKU/ON2MV5TY?M;EZZAKC6L=UR^OM?19];3]8_-#6;]G??L/J
M1N=-ZYM=`\L'S@XZ#%ZXY7KK\FVOV]?OK+PS,!0R='<X<GCD+OONY+VD>R_O
M9]R??[#I(?IAX2.I1^6/E1[7_:CW8^N(Y<B94=?1OB=!3QZ,L<:>_Y3^TX?Q
M_*?DI^43JA.-DV:3IZ?<IVX^6_UL_'GJ\_GI@I^E?ZY^H?OBNU\<?^F;634S
M_I+_<N'7XE?RKXZ\7O:Z>]9_]O&;Y#?S<X5OY=\>?<=XU_L^[/W$?.8'[(>*
MCWH?NSYY?WJXD+RP\)L``P#WA//["@T*96YD<W1R96%M#65N9&]B:@TW,2`P
M(&]B:@T\/"]3=&5M5B`X,B]&;VYT3F%M92]4:6UE<TYE=U)O;6%N4%--5"]&
M;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H="`T,#`O1FQA9W,@,S0O1&5S
M8V5N="`M,C$V+T9O;G1"0F]X6RTU-C@@+3,P-R`R,#`P(#$P,#==+T%S8V5N
M="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A<$AE:6=H="`V
M-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N=$1E<V-R:7!T;W(O271A;&EC06YG
M;&4@,#X^#65N9&]B:@TW,B`P(&]B:@T\/"]3=&5M5B`Q,S8O1F]N=$YA;64O
M5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&;VYT4W1R971C:"].;W)M86PO1F]N
M=%=E:6=H="`W,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V+T9O;G1"0F]X6RTU
M-3@@+3,P-R`R,#`P(#$P,C9=+T%S8V5N="`X.3$O1F]N=$9A;6EL>2A4:6UE
M<R!.97<@4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H="`M-30V+U1Y<&4O
M1F]N=$1E<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B:@TW,R`P(&]B
M:@T\/"]/4$T@,2]/4"!F86QS92]O<"!F86QS92]4>7!E+T5X=$=3=&%T92]3
M02!F86QS92]332`P+C`R/CX-96YD;V)J#3$@,"!O8FH-/#PO1FER<W0@-#,U
M+TQE;F=T:"`Y,#<O1FEL=&5R+T9L871E1&5C;V1E+TX@-38O5'EP92]/8FI3
M=&T^/G-T<F5A;0T*>-KLE5UK&T<4AOM3SF5[D<['F:^%$'"4&(P2VU@.O3"]
M4.R)*BKOBO6JQ/^^[^R)[$0!9Z<0?%.0='1FWGG.E[0325,BHS4UY&R#;^0<
M%@R%`&,I<B##E#P\1TUR9#RV-:38L`P_0N#Q413)D"E;VI/5V`+2&GRUCJR%
MC9$L8ZDL8LD$Z/"RX-D`Z[$)B6WPD2!UT&&+&T>L<<1%XG*T,<3@>63'..(;
M34C%!O:$EPT)/G@1<`8J1OC@)23/X*6`.L%KD.<8PI?R$4([<@R+<AU"&LWD
M<`2%D4,HT\!'"A8P++%-\!ND@&0]0G!D\DC-H1D>/!<MH23V:)('SP?XX`4T
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M55,S5E,S5U,S6!-JQ+%&/&62X;N&U\S43IEI/`QAS>13$-?,U-;,U-;,U/K)
MS80XU(ACC3C5Y#QEE.EP.JPGGX+8U(BGC++Y+A^>_!2#N&:F[&N2#S7B6"-.
M->*F0NQJ;D_W]"C_%6``$F]A<@T*96YD<W1R96%M#65N9&]B:@TR(#`@;V)J
M#3P\+TYU;7-;,"`S(#`@4ET^/@UE;F1O8FH-,R`P(&]B:@T\/"]3+T0^/@UE
M;F1O8FH--"`P(&]B:@T\/"]#;W5N="`Q+U1Y<&4O4&%G97,O2VED<ULV-2`P
M(%)=/CX-96YD;V)J#34@,"!O8FH-/#PO4W5B='EP92]834PO3&5N9W1H(#0P
M-#`O5'EP92]-971A9&%T83X^<W1R96%M#0H\/WAP86-K970@8F5G:6X](N^[
MOR(@:60](E<U33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/@H\>#IX;7!M971A
M('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)!9&]B92!835`@
M0V]R92`T+C`M8S,Q-B`T-"XR-3,Y,C$L(%-U;B!/8W0@,#$@,C`P-B`Q-SHQ
M-#HS.2(^"B`@(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO
M<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^"B`@("`@(#QR9&8Z1&5S
M8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D9CTB
M:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O,2XS+R(^"B`@("`@("`@(#QP9&8Z
M4')O9'5C97(^06-R;V)A="!$:7-T:6QL97(@."XQ+C`@*%=I;F1O=W,I/"]P
M9&8Z4')O9'5C97(^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN
M<SIP9&9X/2)H='1P.B\O;G,N861O8F4N8V]M+W!D9G@O,2XS+R(^"B`@("`@
M("`@(#QP9&9X.D-O;7!A;GD^4V5C=7)I=&EE<R!A;F0@17AH86YG92!#;VUM
M:7-S:6]N/"]P9&9X.D-O;7!A;GD^"B`@("`@("`@(#QP9&9X.E-O=7)C94UO
M9&EF:65D/D0Z,C`P.3`S,C`Q.#$X-#8\+W!D9G@Z4V]U<F-E36]D:69I960^
M"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T
M:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIX87`](FAT='`Z
M+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B/@H@("`@("`@("`\>&%P.D-R96%T
M;W)4;V]L/D%C<F]B870@4$1&36%K97(@."XQ(&9O<B!7;W)D/"]X87`Z0W)E
M871O<E1O;VP^"B`@("`@("`@(#QX87`Z36]D:69Y1&%T93XR,#`Y+3`S+3(S
M5#`Y.C$Q.C(T+3`T.C`P/"]X87`Z36]D:69Y1&%T93X*("`@("`@("`@/'AA
M<#I#<F5A=&5$871E/C(P,#DM,#,M,C-4,#DZ,3$Z,C`M,#0Z,#`\+WAA<#I#
M<F5A=&5$871E/@H@("`@("`@("`\>&%P.DUE=&%D871A1&%T93XR,#`Y+3`S
M+3(S5#`Y.C$Q.C(T+3`T.C`P/"]X87`Z365T861A=&%$871E/@H@("`@("`\
M+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z
M86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z>&%P34T](FAT='`Z+R]N<RYA
M9&]B92YC;VTO>&%P+S$N,"]M;2\B/@H@("`@("`@("`\>&%P34TZ1&]C=6UE
M;G1)1#YU=6ED.C,P8F1C-F1E+3`V9#`M-#4P,BUA9&-B+6,Q.3@X.#DY83EA
M-SPO>&%P34TZ1&]C=6UE;G1)1#X*("`@("`@("`@/'AA<$U-.DEN<W1A;F-E
M240^=75I9#HR-3=B9F0R."TY,3<Q+31F93<M8C$V,BTS.#(P,#=B8V0R860\
M+WAA<$U-.DEN<W1A;F-E240^"B`@("`@("`@(#QX87!-33IS=6)J96-T/@H@
M("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3XS
M,3PO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO
M>&%P34TZ<W5B:F5C=#X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@
M(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM
M;&YS.F1C/2)H='1P.B\O<'5R;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^"B`@
M("`@("`@(#QD8SIF;W)M870^87!P;&EC871I;VXO<&1F/"]D8SIF;W)M870^
M"B`@("`@("`@(#QD8SIC<F5A=&]R/@H@("`@("`@("`@("`\<F1F.E-E<3X*
M("`@("`@("`@("`@("`@/')D9CIL:3Y5+E,N/"]R9&8Z;&D^"B`@("`@("`@
M("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]D8SIC<F5A=&]R/@H@("`@("`@
M("`\9&,Z=&ET;&4^"B`@("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@
M("`@("`\<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B/E]2159)15<@4D50
M3U)4/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.D%L=#X*("`@("`@("`@
M/"]D8SIT:71L93X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@(#PO<F1F
M.E)$1CX*/"]X.GAM<&UE=&$^"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`*/#]X
M<&%C:V5T(&5N9#TB=R(_/@T*96YD<W1R96%M#65N9&]B:@TV(#`@;V)J#3P\
M+T-R96%T:6]N1&%T92A$.C(P,#DP,S(S,#DQ,3(P+3`T)S`P)RDO075T:&]R
M*%4N4RXI+T-R96%T;W(H06-R;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0I
M+U!R;V1U8V5R*$%C<F]B870@1&ES=&EL;&5R(#@N,2XP(%PH5VEN9&]W<UPI
M*2]-;V1$871E*$0Z,C`P.3`S,C,P.3$Q,C0M,#0G,#`G*2]#;VUP86YY*%-E
M8W5R:71I97,@86YD($5X:&%N9V4@0V]M;6ES<VEO;BDO4V]U<F-E36]D:69I
M960H1#HR,#`Y,#,R,#$X,3@T-BDO5&ET;&4H7U)%5DE%5R!215!/4E0I/CX-
M96YD;V)J#7AR968-"C`@-C,-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M-C4P-2`P,#`P,"!N#0HP,#`P,#`W-3`X(#`P,#`P(&X-"C`P,#`P,#<U-#(@
M,#`P,#`@;@T*,#`P,#`P-S4V-B`P,#`P,"!N#0HP,#`P,#`W-C$X(#`P,#`P
M(&X-"C`P,#`P,3$W,S4@,#`P,#`@;@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"G1R86EL97(-"CP\+U-I>F4@-C,^/@T*<W1A
4<G1X<F5F#0HQ,38-"B4E14]&#0H_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----