Securities Listed on OTC – 3rd Quarter 2003
J.D. Seibert & Co., Inc.

Summary Statistics:

Non-directed orders as percentage of total customer orders   509/509
Market orders as percentage of total non-directed orders     259/509
Limit orders as percentage of total non-directed orders      245/509
Other orders as percentage of total non-directed orders      5/509

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            509/509

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             245/245
Market orders as percentage of total market orders           259/259
Other orders as percentage of total other orders             5/5