Securities Listed on OTC - 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     45.2%
Limit orders as percentage of total non-directed orders      52.2%
Other orders as percentage of total non-directed orders      2.6%

Venues receiving significant percentage of total non-directed orders:

Fleet                                                        30.0%
Knight Securities                                            57.1%
Robertson Stephens                                           12.9%

Information Concerning significant Venues:

Fleet

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             29.8%
Market orders as percentage of total market orders           28.7%
Other orders as percentage of total other orders             57.9%


Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             51.6%
Market orders as percentage of total market orders           64.7%
Other orders as percentage of total other orders             36.8%


Robertson Stephens

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             18.7%
Market orders as percentage of total market orders           6.6%
Other orders as percentage of total other orders             5.3%