Securities Listed on OTC 
             J.D. Seibert & Co., Inc.                       

Summary Statistics:

Non-directed orders as percentage of total customer orders   584/584
Market orders as percentage of total non-directed orders     387/584
Limit orders as percentage of total non-directed orders      194/584
Other orders as percentage of total non-directed orders      3/584

Venues receiving significant percentage of total non-directed orders:

Fleet                                                        339/584
Knight Securities                                            206/584
Robertson Stephens                                           39/584

Information Concerning significant Venues:

Fleet

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             124/194
Market orders as percentage of total market orders           212/387
Other orders as percentage of total other orders             3/3


Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             59/194
Market orders as percentage of total market orders           147/387


Robertson Stephens

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             11/194
Market orders as percentage of total market orders           28/387