LIPPER & COMPANY

investment advisory, investment supervisory and investment management services relating to small, medium and large capitalization equity securities, fixed income securities, including high yield corporate bonds, investment grade securities, convertible securities and hedged convertible securities and merger arbatrage; fund investment services; and financial management services, namely, buying, selling, maintenance and management of funds and investments for others; private placements; underwriting mutual fund shares; securities lending operations; and investment banking and corporate finance services,