Securities Listed on OTC - 1st Quarter 2002 
             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     57.9%
Limit orders as percentage of total non-directed orders      40.9%
Other orders as percentage of total non-directed orders      1.2%

Venues receiving significant percentage of total non-directed orders:

Fleet                                                        7.5%
Knight Securities                                            81.5%
Robertson Stephens                                           11.1%

Information Concerning significant Venues:

Fleet

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             5.4%
Market orders as percentage of total market orders           9.1%


Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             78.3%
Market orders as percentage of total market orders           83.3%
Other orders as percentage of total other orders             100.0%


Robertson Stephens

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             16.3%
Market orders as percentage of total market orders           7.7%