Securities Listed on Option Market - 4TH Quarter 2001  
                 J.D. Seibert & Co., Inc.                       

Summary Statistics:

Non-directed orders as percentage of total customer orders   100.0%
Market orders as percentage of total non-directed orders     12.3%
Limit orders as percentage of total non-directed orders      87.7%
Other orders as percentage of total non-directed orders      0.0%

Venues receiving significant percentage of total non-directed orders:

CBOE                                                         28.1%
NYSE                                                         51.8%
PCOS                                                         20.2%

Information Concerning significant Venues:

CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             25.0%
Market orders as percentage of total market orders           50.0%


NYSE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             52.0%
Market orders as percentage of total market orders           50.0%


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             23.0%