Securities Listed on Option Market - 1st Quarter 2002 
                 J.D. Seibert & Co., Inc.                       

Summary Statistics:

Non-directed orders as percentage of total customer orders   145/145
Market orders as percentage of total non-directed orders     12/145
Limit orders as percentage of total non-directed orders      133/145
Other orders as percentage of total non-directed orders      0/145

Venues receiving significant percentage of total non-directed orders:

CBOE                                                         47/145
NYSE                                                         88/145
PCOS                                                         9/145
Philadelphia                                                 1/145

Information Concerning significant Venues:

CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             44/133
Market orders as percentage of total market orders           3/12


NYSE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             79/133
Market orders as percentage of total market orders           9/12


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             9/133


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             1/133