EACL ACCOUNTS
Mike Rosner

SWISS ACCOUNT SWISS FRANCS 2003       1 EUR =     1.52328 CHF

                                      CHF           CHF        EUR EQUIV

01/01/2003                                    28,262.43        18,553.67

INCOME
        pubs                     2,907.26
        dues                     2,073.29
        mail                        81.50
        net interest                21.00

        total income             5,083.05                       3,336.91

EXPENSES
        transfer to shadow     -26,691.20                      (17,181)
        eacl03 pcm              -2,551.55
        bank charges              -474.40

       total expenses          -29,717.15                      -19,508.66

31/12/2003                                      3,628.33         2,381.92

Mike Rosner     01.06.2004


EACL ACCOUNTS
FRENCH ACCOUNT 2003 (EUR)

dateEUR
01/01/2003                              17,181.34

INCOME
EACL03 registration  4263.21
EACL03 dues                       3480.73
EACL03 sponsorship  2500.00
dues            415.88
mail            135.60
publications    132.00
donation         10.00
total income 10,937.42          10,937.42


EXPENSES
EACL03 PC Meeting    -3,184.90
bank charges            -56.97
total expenses       -3,241.87  -3,241.87

31/12/2003                              24,876.89
Mike Rosner30.06.2004

ACL European Acoount (EURO)
Statement of Assets 31.12.2003

Date         Swiss      Shadow     French     TOTAL

31.12.95     102,427
31.12.96     114,255
31.12.97     118,063
31.12.98     125,728
31.12.99     123,952               10,113     134,065
31.12.00     143,238                9,241     152,479
31.12.01     149,384               10,043     159,427
31.12.02     154,930               17,181     172,111
31.12.03     137,040     15,184    24,877     177,101

Mike Rosner, Malta, 01.06.2004



ACL EUROPEAN CHAPTER SHADOW 2003 (EUR)
01.01.2003                                   0.00

INCOME
      ACL Toulouse            17,181.34             (= CHF 26,691)
      Reimbursement LMC          175.00

      total income            17,356.34


EXPENSES
      Eurolan Sponsorship        750.00
      LMC Sponsorhip             750.00
      EACL03 Posters             577.59
      charges                     94.59

      total expenses 2000      2,172.18


31.12.2003                              15,184.16
Mike Rosner 30.06.2004