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

Summary Statistics:

Non-directed orders as percentage of total customer orders   496/496
Market orders as percentage of total non-directed orders     287/496
Limit orders as percentage of total non-directed orders      203/496
Other orders as percentage of total non-directed orders      6/496

Venues receiving significant percentage of total non-directed orders:

Fleet                                                        37/496
Knight Securities                                            404/496
Robertson Stephens                                           55/496

Information Concerning significant Venues:

Fleet

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             11/203
Market orders as percentage of total market orders           26/287


Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             159/203
Market orders as percentage of total market orders           239/287
Other orders as percentage of total other orders             6/6


Robertson Stephens

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             33/203
Market orders as percentage of total market orders           22/287