u s HY #18 B22 SA Rik Fs PRUE BR eee eee ene (72) S4 GEM: (104) FSB Rear e- (136) Som AiaMwAZ- STR BAB Se RRA SOB Benes: FLO BE EAC IRE BR (334) FUR BASRRSVE C181) ef 290) (259) (303) oo (302) (874)a/z SS MEL SRE I" TD ARIER, ARS RM FE BARA 8h, SEA teh SP EE AL BRERA A ae OL TD RT ARS RE DERE. FATE GB I AOR AALS TAB BR BLE ETS BUT Cy LESAGE PETER, PBL RT ARATE IE My? REM SEE OE aK A SeoR Rl? MEA ULAR As GBR RE ALS RE $e CRITT A. bia ea A A EL? BU. Gu ie ES UROL Ss OU ER? BR AY. WRC LRU Le HK LC Pe AA, AB AA RE EE BOLI ASAT ZA ee de, Ae PA Go ee A BORLA IBA, Ga ie cbt CL 25% FE SO% REGS HEL OF (GF Me EA FR TPT NRT SF I AR HAL WALLET, DM a Ma BERS ORR AIL FF ER RAWR, CHER RMEAAAS -. Kb PR RUSK ASR AEE REIL, A ER BIE STS Be WEA 5S FET PS TP EYER ER Bs A SRE AAG TT) AE Pe a (A) FR ARE2 Bama SMR), AISBEMA KRag WE COAT PRE TR AEN IK fa BO OT RS PL RM RET BE RATA SEE EL UR MS Seth Se AUP ATT OE ie RT EAE TE YY AB PENNER EREATRO RH, PHTARAFLSBA HOE? 3 Ae PR A eR EE? FES VS a WETACARS A HEARST RE DOR TEL, TIE a OY BFA ERA TA — OLLI U BER, RRALIA 9 HB ETB AB PRGA Sk OSE TSE ANA PRIS AE, CE MAK PINS ALD EE REE CAA RAN IN. ASA RAT Th RIOT LE TE RSP A Dh Kc ee i PB BA A FE ESE EN AS 2 SR OS RE HI PR, RR BE FS, BEA] BS AEA. I Te Pa AEE Al SEC I i BP Rh , BE EE HE A AR, AAR PEAR Ut IRE EI IP A IR SEG AMAL, PRAMS EET AMAR, Fill E SEB, BTA ACES PRAT AK HRT RE ATT, BECAME, ULE, BEM oH FRM ZS LAE EE HF DA 80 FEAR A he ee ee AR IADR AE eH HRT A a Be a eV AK eM AAT ARE. HL BAA BMAD BET OT VRE FT APB HEAR UE. SUA A EL A 2, RRM, OR J te DR, IS Zh A AK Ay ROE FA GPP A AT PL NT CH A SD AY PRIA s ET ERG WR BA AE ATT AE BB RADE 5 A FES rdBig RRA 8 ARS ELA SE AL EB Dn SAME AE BS, US ) SY PEAR ATT BE, HBB ae FAR TS BEE IX RE A iB Bn BT ATT AE HSA IED OE BT AB AE PA, BE A | RARER AM ELE ESHER AR, tl LG SMELT: SER PASTA AS NR RA RAS TTA ThA RA ML. FY AF NOL FB FI —— AS HE A | AS Lf, Sh Pe PRATT EMA FB aS ES). RO A J HA HEY SE ER EA Ree Bl TAT ALR WR DEB ML OR MD AL FE PAL AE A ge RB ES A RH GPRM Ril APE Baa ECT ABT eS a AAS UT eae BE BE AK ATS, SAR AB eat Ate? Cie “BED RADU AE EAR HBR Y RAE LAE EBOTE He BEBE ES ae Leni Hh Aas EWA ESI A A EMAL S TAS E LEIBA REY ORLA ThE, EL a A A Pk 51 Ae oe MD EO KE NT FAT EOE, Bt SREP ARS EE A LS ASE AE AL. AE RRL STAY EA AT LE A EL SR TT A A fit ASR 8 iT tik Je BA ME Osh AR GOMES Bite TRA ie RR fd SAY NL, BAM CARRS, She A BY FA Cee Be Rede PERE ED NE - AR PR 4 stp BUFO AG a Dr TT Ha ae PEE TER AT BARA SHE - PR PAT le, Te a LEE ARALME AZT Del BRR SE, Be (BA Pb F4 einer SFE RARER PAAR, fARAT nf 2 ae aD FD a 9) AT SR WT IR Fe RRA A Aa. thE EAR A Dhol RU — BE ET CL, HE EA OL EF AWE TR SA SHC FRR. Bit —— Rs SRST EE ae AL» RARE RNP EPIRA + EE ER HTH ABB RAR A A SA Be 4 PRT Se BOY ECAR A BOB A BES BE Po AE LUA TIE, HORA AEE A ST EA AS BBR BP) BS PE ~ ZS BB, BRA AEE 10% H 30% 8 FAR AW EAE 15% 3] 25% + DEN IEA Sk HAS BE EAE AE 50% DAL Rie Rae WEE RAVE EKER 20% - 50% MARRS, BARE FLA ARTE? LE AE ER a ERR GOES FRAT ES PR Ee” SPRL SEIT PPAR FE HE OTT 6 ET ERE TS 4a EBL A AEE Hy a HB eT Hy KAA, CECH REG AMER MIE PME POR AAPAL OR ML BATA EA LS Sah St Foie BE ZO eR ~ at Wath. EATON ES ie wild TE BS SE, MOK EAE ABER” 1A AEST AURER RIT ES HE BEE tT FURS. AUR Fe PL BERRA BEE PEL ORS Ay UE IC A A LL HAGLER LH A SS BM RHR HE TE,ere pwoe 8 ELAR) ALSOP EL CLA TAFE OTE BEAR BETS CEA A Ah SUSE CBT A BRITTLE! BORER AMI Soe, Pt 4S FESEIN, SV ETL, JPR ALHEIR A RR DARE fe AGRA: Hs Me BER RRR BEES , MAE HEAT HA A RAE TR, TTL eR a ey AED EAMES RB ——€ Po 8 AE OT RR MAE ATE BUA Oe ACI TE PS RB ie OCR WARS, AA BEANS SUI YET A Il A a Ba TAL MO RGHTILIA, TER Zhe — A, ARS BEE. RD FER RK TF ARE AE, AEE ARR IX BEE AM ASAT CT SEI, DEAR ASH BARE HL AE PRE a AAU) ARR SAE HE AAT AB AAT IS A ZS] BA ABE Aa OBES, (011A Seb Se STR AU etal AIGEER. OLA FERRE LF PERE AD IG UPA LAT fer es sh BER A EA BEE 5 EA aA VR Aaa) A ATE EAT | SH WS DR AR ABS SCE MEE BR FE BL TARP EEL EH EGR, TE Ss 8 Ses EH HOT FP ASO BR FASS APE HF BT KASS ARV GHELAA BE PE RES BALE tél (eh SEIT Te TEE SEI TER AS. BO, ANCE 246 BRD EE Rs AZ {ij FRE, MTR AINE? RRMA ARR BIA, OB AA IMWRE T-TREE EME WEED? KABA PARTE, RUDE A RUSE, TESLA 4 42) SE AY AT BE (MS -- ESM RAB AES, APRDYASU SEAS MR AMA, BARTER6 Baer ALB A ATR BERG FPR PA BBS BBE RAR BY, AE RAR SS 90 OO IO, FRE RA), A A 9 TA OE AA ROR KEL PGR A BEAL HHT SCOURS ie Ba AO HARSHER RAM AAP WLRD. 2a AE ALN FETE EE SATS BEN DK, REY Ay BAY TE. BATA ah Ey AT CL By BEA BY ATOMS , He a SABRE Tf AY WS ABR EK BY EAA NL AR AE Oh EEA MAT OHA: Mi BOLE AAR, BEBO TEA, RARER. BOP, RIAA TOMA CHE EIE BeE HST A BAR MAD PR Ae A BT Ee — 3%, FR A. FAL PO EAE A RT Se, oT A le iF i A Bc ARS RS PA A] TE AEA ESA HE A RE FTE F AP 8 ts Se A, TD Af AUS AEE TG ET, AT ER RS RT AS FERRE (AVE, RPA ER AT, BUR — EERIE OAL, IBA BBE ay DAE RSL, SESE AOE OUI ODT SEAR AVA AUT ARAU ALE — Rt IB ABE A BPP ASIE TE AB A ic FH RR ae WY A A LBC BEET nat ft 8, BE RHA ALAS BE aS SWRA, HB TEE Ae A A lah A A hoBre SMe 7 MAE OR RT GRRE PE ERE PR Se OW CMW PIR oe PRAT Te a EB” AE MARIA FE TE a PDS. BEL A” ATE TOQUE T MAR GAD a Ee BAER BAP ANE AEE TS ELEY a A ASRS, TR AF REPS ORR SE TOS EP RE AT PRA SE EEE PEE API TORR” A AD OR LZ SA, A AERA WOW LRT AR AK WR-HAAM ES Ab eA, IAEA AYRE PEPT DARE FEB Bi (Laie EH STEN OMA CUE FEM AR, IBAH AERA REAR HOA FFAS. BPR A LE ALA BFE AAG A ~ LSPS PMI SAR AIT A BE be Bh PEED PETA ASE. EVILS — EL ADK SIZS PSE RETA A BAL AIK RT AIR APTA 2 BE SP RE AU ALAA UALS, ERR PARROT RE TRE A BET ARR , ARIE A FEB GA FDL AL PR FE RP eS AOR ty PLE ALS BB 4 EK AB RA BEBE RE DBA PRUE RI AEE , EL A TE UA EOE, AARNE B ie AGAR ARE HEM WAL EMA SAE ES fi JEP PPB aT A ns HG OL, PA a ER GAAS AS RAR EARS AH BL PST Aish NET) AIBC. PA Ree ULI A ALL, Fe A NL I aes8 Rano SSA Su fu FAT SEF C6 Edo STO AT a TA EB FATTO a 5 RIVA Be Se AAT AA FR EH 401 iy UCR ASR A BPD AA Dg IS eB BE a TS BE SAU A SS AER CRP ER RAL a HADRIAN EMFRAR NRA, EME IL FUE fF CRO” ATR HI A HI RAIL AE HEE TS PRR DET TMT AY PISA IRAE SM EE OOF. RATS ETE AMM Ame, A OR ae BATE. AN eh SAT ASCH FS AS A, FRET » FEAT EPPA ARES wl AN, 69 9 AB RECA OAMMRAC PRT e Re AE EEA BALM TRAE AN, BS ROA aS Heo FR RO, RTE PUTAS RAB AAR AMI. SERIES — bt AGE BER 8 CRATE EEE MCR, BSR BL AAA RE oh LER RA, A AANA SREY AA a VTE A 5] FURR RRM OE RRL, CHEAT BI AER GR Ey PIN Bit, BS CRE HE fo, PEAT APSR FIRE + {PSF (Leo Burnett) HH , Be WENNER IKE Lik, KAIMESRE MA 63 RAS, EA ATE, A TE SWE” CST, Ay ERA 1 ROR BE, tL EMABAT BOE GL, 9b BEA FER TBA SOR TRA A Be EY IRA eb RA) TTS A he PRA Re ARDKY 1 Ri RAT RS MEE ST beFiz ASHE Fg HY. ARR PCT Ae? JK FRR ARPS Ae O JES PA i 2s PAE eR. BE 80 te (CU A SAE BREE Fe PG ACA A TF 29% Mic SRE WH Me He 22H TE Chick - Gh - A {RES ATM BE PEO Fe BA LE ay RAE, Bde Ath 50 iF OA — 4 NG JE BE a AT 600 SRR EMER. EC PRUAS| RFR MOTE AD RT RR FA RUAE TE ROP MYR ik 40% 3 50% , TRA A EY 4 6% , HARARE Chick - fil -A REAM FWORERRS, EAE EGR I BEIM BH S0% VAL. APEC REE IS ae Or PE PRR TR OA, PRT RR KER AAM., AHS LARA SRT TRS ABER ARS HARA, SSH pester Pe AEE SRR RAR AL, MOR TTS PSI HSE RA REL 5 000 LIL: BA KA AL ath tir ahy UGE TR, RAPS R ERT LRA, EME Chick - fil — A EGGHEAD AEE eal FIA LA RR AIRS AAR BE AGE ERT | TES FER - BIS ZF FORA EL EOD BORON I, ACTEM ETE UAT 2S FT DR Bu HRA, (aE ML PG OR- AP aR eet A BRACE, BIR MHI BLT HD - 7S, PAIR TR OFFER SLI. UBES UA RB AIS AREA TE BURA OL AT ASE RE {3 SOAROBL REEMA ARTS BRR GT ORE FE A ELBE REESE RTE ER BUG MOD TLR AE eT SURE BE Ey TAIT AE LTH ol BN A10 Stee LOHR A SESSA RB Pk SS OE ML ARES EAE AT, BEAT] RE A BET BET AT AT SOPRA Dab Me aby AS rl A 2S od AER. RIGA — PST Eh POPLAR ERT AAW Rs A a fT RA 4 4B SLAG T Ot Fe J OR I MAP MAe Ne AAA. MARR SBSH RAAB, DAU Se AE AE ESA Ab SEE OL ARR CR AMUN OMEL, AL AGAR PATER 8 WR, RE DA Bo FEB E SS T9 VA HH He A. ch STRATA be Ra AKERS MSS MAL, RAIA FRET Ee Sr ERA RR, LER A SEK AR ie Be — FF BRR ARMA TIE aM . Seat RP RE SE” HEP Reb. DE SRABARKM AS A] (State Farm Insurance) 2—K LRA Aw) SAAD AUER RRS. BS RT Ree RUT TS REN 20% EA, ni LETT a eb. PRAHA AN BAAR AB ee eR RL RERHWS SH RWS AG) BEA BRE HATS AN SBME RETR A MARRGREZ A] Bea Gra) PRB HT 200 (ZITA LL, A PRE ol SAAR RRR, EPEAT LAS a aR A TALS eS ES | SCR REAL SED PE BRI SF ch PRAW-BRAS, WOBRRBE WAU ORB TOA MAST A FETS AERA oad LS EE RS AFie Sesym@ ARON. fT Ea a CIN A Be Be 2 FRR ASAGR ES 0] HEH HS Oe Bk AL J ARE OR 1 SB a hy AE FEAL LAS ADE ASH CGMP ARE . fA 1992 4 tA RRS TT 47 1B WAAR EA IL RES AM a. eB CULT | ADRS De Be A I HI A SR Hh A RR HY. Si RT PRB E . SE a, POMARE AB UI, FLERE BA FE PEE PM RB EE AA ARS AE VA {AY fe AR RE FALE EER AEA od TTL DB RBS URE AC PREMISE) FEE ETE BN PA AR eT A, AP) BAT KE Be PS 40% An La AEP Ue Wi SE LIK APR A, lS IP a JS 956 VA tL. PRR 2S id A Nb ice LT RE A AE RNG ZS to Pee et, SARE I es A TAB SO FIR ARAGON OE ABI ORAL ee CAVEAT BLY 200 (2 EAS Na ZARA SUMING ER AN RAMEE al OR es URGE 1991 4 HS HAG ERG EE RRR BL RRO , Bie “E HR EE EAE KR ae Ae STARA UE A ICES A RE ee EER SHCASE SAE 2a 1 ER a AY PP BL AL AT AS WEY DR BO IIE ATS PB BE EEE CS In J AR Fil ARR fe PORE, HBR SRB | YE BAS At KE TAR BPA i BOLE BAEK Bb. AP LRA TEBE OS AALS GRAS SEAM ARIE OH, 12S wid EE TH HATRY (George Mecherle) & Sle BEA UREA BE FULT RAC BZA rij RG RAT ZEAL ele A120 Padsier ee ERE. HOM RA ETL, AMR Ae A EAL, SALMA LTE MR BUR T 200 12 Eo 2 1B MRED HTA, APART AE ASR OR aR RC BREE) T HERA A ER TER TAS LR HK SIAR ABSA A Ch BBE PARES RICO AF ARS pS PRR RIGS A FAT a, BR AUT SORE - RUE SFT A Se RR AR URE US, RED EO Ae. BY RET IL TP BS, A AR A SS SR APA OE Be ae RE BAS AP A BE 1992— 1993 SEH, MER HEAL RT BE HORE RT FER EAR BL BIRKS, ALORA CIES ea He DS SBOE AUR BR ETT ROR, (ELIE Dy Fak eH edt — BEES , TTA SE SUS AR TT RAH ARAL WY ROMA EAR AMIE. ASE R ELE TBALM HUAARKARE PY JAA GIA ART SP HMR AMEE. RAIA Dal ek ARRAS Las CARE, ARAN ERE BRET BM. CAREER, MAAS LU MP ER TYPE STAY, BWR OU ACH NT I CRE ‘ULL EAE RB ZS dT AA a ASE FR ES BBE AZ BY AE He PARA Se BA? ‘RBS T RRRAW RT, BAAR REIER SUS BREESE 4 ALT, PR AR A PR PT BRRAENT REMI, BY TERRES FEM EE. CIR EROS 9 1H PLES) th A wt, RAS) GY DIS A: AD eTay LORE CFS BPR PRA ALE UE OTR EL RASA ERIE SS ol BF ORAS AE LE AS a BER TDA SAAS UO ET RC TRU AT) RLS Se A TE Wen ABRAM PAIL, EI THR OY JL ECS Be PAL ARI EEL AUG ARE if PAT AA fee KARAT RON IS A ST AR, AEA ECE — PR AZ YR, CEC vy Bear thee 2S We AHS , 8 AT OR SU REAR, PGF, Ta Bg eS A MAT BE HP ES, TEAS BAD AAR Bt 2S AF. iLARATE SL Hoke Be FES NTA, Gabe” FSI aT Hk BA RC RERT "ALTE AA SE SAL 1935 ERR Vy CR EFL Pe AOE Se ORE PRATT RSA A — PR AT HE A FOR AGRE 1) CORFE BCR, WERE AS AY PRUTSEO TAPER ZS DR PEL TS PR SEAR VAARB AUG Ur ERR. Leta ERROR RAC ROL BM 1943 AE DIOR ER CPD A ‘Hi HE EU Hees ba EIS A A PET A A BEY, EL ATAU De RADA TPE ARS 15% » PRP AUR Fa ZS DSH TH WI PELL 28 PATE Bn Wal Hb ee PAI PL ARRAY RE HeeA ws eH a fe i fh a te A fad Seo S B47 PEFR ART We. CA RR + EA BSS Bd ADR AGED TT Ae FEZ, ELE STE Ht Fels 15% 20% REAR itd &ERRAEME14 Rae SR in FR ARR 2S A Br ET & M1986 Fi 1989 UR RE EE aE I 98% 3 LMT SEP RECA PRT RM, EPIRA ESA OF TE: Oldsmobile, X25" SUSE LEAF)" ) 1993 42-2 AAT AG IE fi SOM, BR NAAT ERMA RE OBES , FH RAT— TAME ILE A OLED F St BAKA, Anis APTS T UT BR, AR SH WA MIE 9 a UR A YL HE EUR AAMAS ESO MA. (BRUT RB A BREE, ABUT SALE + (ABRs We SESE OW DUS. TEC AE fC RE Fs RE TR ST OFA REED BA EAR AF SS Buty BABE Be RRR EAS A BI See, BAe Aa AS A LR A SER CARS RE EAL BRU, BIRLA AAT WA AE BEBO PE Pk A HT eR EARL II SAB TR om BRGDIR AP”, BS AUR BEORAE hE H ASS od a Hi Da HIE SEO + AA BO PRI SLL AR A Te RSE, AMAR EEE Rt THRE, A FS APTA BERETA: EEA PEL UR AR BALA ak 9 HT ULHRA A EAT BR. AR, LEFT RR SE Pk eS BEE A I PAL PEF EPA 1 — 1 BER eo 1989 FRARKE BW BA Hy, BR A 1986 FEBe BENE 1 1989 4 = AFF) E M1 ANE EE SBE Do 36S A BA IRIE EW, VA 98% HD (2p REPL Sk RSPR HCAS TD Pa PE A A ET IEHIRN 20% AA. HA AZ MT EAL, Be WK 26 PE Pee Sk RAR AS ABA FE A BREUABA SRT: SPREE Ee Sab TEA REA TT EL EBT BR PR 7 EY aA BD HR ATA LA WaT ae AD «HT BHAME SHRLA RE MRA. SOARS SMR ASA SR, BURA 93% SIND 98% , AF ANB] ENE 7 LAT 200 hHK, HER - ANH SAMEERA AD, PRU AIA ASS FC 0 AR, PLR APTA RE dt BEA BT ARSE AAA AEE. CED ETT 20% A as IM CB APE 50% B— ATHY AM Bi. RE eA peel . Grey rouble roag = Minter _ 1.07" Omnicom 7 0.95 1 i D \ 1 | \ 92 9394S HT BM BREE PEE Mi-1 SB 1986-1989 FSP RSS EYE HK RHR YERL AGH: Productivity. Advertising Age; Customer Retention, Baia Analysis.16 Faroe FER AAT SA) RRR A] RAG aE HEME TIE BE AS BCA, , SE PR ARES EB Sh — eK Fei CEBU THe te MT LL He 1 - 2 HT TRATES AAP AS OR SE RE EA a SPI 1-1 PH - (AR A, Ik RE PFA AA SIN F] Johnson & Higgins), ERS FARA OAMARE. 5-H, BE + BRAR) (Prank B. Hal AEA RS RE, ORR ERA LIS o BATE. PRIDE OW AE OR RZ MR ST ST EF FP RRR 5 TESA, OFA. A KRRBRA BH AES MA A — SRE Py Be 1. BA—-TEP ROEM. APU KD, BAT BAG RAMMED BR, AMEE RAPES, Dae 1 1009 BPE Wi-2 BRM Seal 1983-1988 FARARBESAMSHKR BUNJEWE: Annual reports, Bain estimates EAA AE LRA AREMAM ISB.Sim eu sine 17 Hee PEALE A AEP RE Re A PE ee 2 (AG, Edwards 5 FRE, Bea RRA ATE AU EA EL wT ME RAT IA, ASE AE ES Fg ti TERIA APE LPT MK — RR, TALE FTE ERGEBNISSE ARR Tl, AE HRM, AGRA ARMAS 1050 HR RE AL a JAW PATE 10 APR IRAE aS AEE 18% Mh, RATES MIE TM, TR RR APAU RGAE GBI, OL 2s aR RAISE I Mg] Be WALZR POE, , RP RT AR AL ESE ET ah Ze ee ECAR FF ASE BA He SUPT AT aK a A Fe RP PRM EE TUS eT AEE, MLE APT HELE ATE te As UIST RE TA & GAR SESS ei] (Lexus), EPH Ed Bae Ea, RRS Ak Re ES CE EW RRR AA a th ob eB AIC AS PUL BR RE -BOPOR SS i], RAP AOE RAS ARAL BR LSE A A 1 BS REE POET Dave Tingworth) Ni: “RAS TBE ME HORE EL fir abbr ake TRA RAR Pld, RAE RO Wai [— SRA IRR, ARTA SY } fea aE "PLUS TD 9 Ga AST RAR PHS LIEB PR ES HE HARA Ts ESLER A EA BRAC SS PES AY AY 29% | He AT AD WH BY AS ad ad “RET DORIS FEAL” (Fs Ob PSE He MBNA, EASE18 fume wh J 1982 4, ASE AES HE ER Tp (Maryland National Bank} Wir RAB. 7 TTP OE MBNA JhoR Sh Ga RE PAA, i Res Rese Ay eo SGN PRUETT AF A MASAO Dig. MBNA B(GH R(T A RDS. CRRA ABA BA SU Be A PY CER RHE ABE SEMA J i Be EL ACH AAAI RS TRA ALT BER AGA TEAR AT HA A EOL, BU AT TR HE CO AOS MBNA A MU se Sb AR BOE Re 3700 THAR OAB, i SRADRULMBTIN EL, Al 1994 4 NWARARAMENMTA SP OBIE S 1 40027, TERA T RP. BCT RR AE ERE BER BE OE PRUE ATISIR. GDA 1990 Shades #8 LOR, MBNA TO SEM EAL 25 RFE SPE UT 30% . TENURES EA 18% . HTB AR BLMLHES. MBNA UDA 1982 FATT LHS 38 fic LF BY TS 2 0, FILA BUR IC 7 20 HLL, ABA A REI — JE FLOSVESEIE? MBNA fod Se AAEEE + ARTE AAAS AEE TES ASE A BL RET HR BI Hee.” BLAST AL TAR BA, SRA BER ETT RA ERR A REAR — SBR HSC Ar Eb OPEL TT RE ES SH RAR BRERA eS AER Ts AS EE SFE PRE REM HE ERP SUPT RE ERR ALT, MBNA fe 9-3 SR BE#18 SeSee 19 SFE" AY Pk SRS BP A ER Pe NEILL STA FT AN TL ATT SS dt a A Set, LEAS Fe eR ab a ATPASE 9 OP Ak PARR MBNA AUP BR PARA ARE | ih Re Ra AT. A MBINA 2S TSH HH ik. MA CM RIARAT LHRH, Gt bY a ORE fs 0” HAE RE VESEY ERK of DURUM SE ACP OR Me J La a HO ERIE OR REM HOSE - Aa ERA BS UT) AE LAE g 2 we AY RE AE FE ROY ILS AE OBL MBNA Chick — fil - ATR. RRR AISCR - AB ole FAR Se hh, SAPP SU APY ESE BS RL i (SAW -BRAEAR, BAWETURM RAR ZO LIEBE A OT LE RS TB EMRE RR SA AS EB «AAT EU NE SA TAR Ps BEE AL A SLE RAE PME & EE AS BEER HA ARR, RRM ET A A. aS a) JIT ARPA AS SIR 8 RATA ARE ET Ae LB OSM HAIER. AR. HAT BAS aC BABAR AR er ACE, RSP TE FR LRT ABT MACHT AL CAE oo RSE YE HF IBA — PRA WG IE RR A AL 80 AF CRAG HAR HR POL RASTA Hl REAR Avis, ERRLAS BE 26 ae ts wey PS BY LS Bh LY 9%, RIZE 20 WE CBE 7, ABIL A A LIRA B Lj AE, of AAT EEA BA OBER LA D RE ~ AE U EPREHEAT R RRA EMS WAAR. CIR FEAT ANH MGR ALB CH FSET, li] EAE HER JAD AY BE PT FG A BE RET EPR A NT SR PE tf SOSHEKNIUAD MOBaNASHA: —MeMe By SPAM BIS, SLA VB BE SHEE AP A) Pt EA DROME SIA A EADIE, “ala AT A BMRA. Bit A A AS BB ee A EAS KAA MBE MAE BERA (FEE Bd.“ ORGE: 2AM + FE ESR RPRAE (SRAM), 1926 F) RASA VT BAMAM BRAT, MTEL OTE AR RY BO STE HMR ELAR BAR EA MR RA A FVSEaR ZA HS EA. A a OE SURE RE). ANG 6 A ER ABET A BS FT EF SPR RAT CE, Wine TS 5 RM PAIGE. REE AES COR RU ie a ee HO EORRIN, HRA FEAR FR 2 EP RR Bb 1 LE AEE MBA TAGE 4 el. PRI, PRE AAT He A FL A A A. AE RT Ba ALARA 28 PRIMER, Hoc, MORE HEE TE AAD ESE MARIO A ATL A AB, BR A fC ERY PO i OR SR Ae PR THE TEVA NE LR, URSA TE HOPE HH AS BL EA A BY eT ORE He Pi BEAR OGRE RAL MOREA, LF eS ot fe A TT Hh I B.A ee ATER LL BAE, MHEG RE PDD SESe RET 21 SP AR HEL, LIGA ABER BENE HY SHLD BOE A Se A f HGRA HEARS I ROA CE SAE MAD ACHE, PRD Ue BE a i] LN a SIM BRM > eS — ASA, SUA EERE ARS MUR ART RLS Te. on, TASB A TE AR Sy RS AE PIN SA RT EA eT RATWEA BERRA P HREM, WEE FA ATR REN TR, HRA RRMA al (Caterpillar) ERE BAR RZ RMA ORE ILARR LAS EH. = FMM ZB] (Delta Airlines) — WARS ERM S ART EARBUR ES CS IRD) 7 SR SRN. RAT ed BF NSF REAR TE REE, WGZS 5 ANE BR BLES Be] CBM) “4B PE ABORT Ht TLE ET RCE EF REAR FASE IR EFI (Baldrige Award) MBRIA, UE de 8 3s Ba EM CLR bE AE AR SEAR”, TEAPEOGLASRARAT CERBH HRDHOS 5 ART, FR ENB, FESR AR. ORE TE JETRA PE, 1 FR TIE SEA Pe RE” ETE A AE AF ADB ts SS EB — EB PR Ee OT BE TD BUDE XR, JLRS Boh ~ BGR, SEE EE aS CET RE SEP AV JD. I — AG AOD PD2 Pea SARE ET BE RE OTT] UAL ASR AEE Ht TR ARR i SSAA WME EMER ANODE BM 8 MELEE BY RID AIBA BAI A BY ta FEEL TERE SP ANS TR A HE RD? Ee a A I EA Se MUIRGS .AN CE RFE TRA A PT A SEBS AU TISS SULLTIL 5 BEPTEA AMD ABE G4 OL BE MELLEL, RA A SPHORREM, RPM RAM ARB. KR Lee BR RAE RARE BE Ba AE RA BUR FEM AER YA ANSE A I TA EAR BROKE ir aL BAA PH 0 RTA KARA ILE SREY, BRSAERAUL SER AEA « PRIM, TB AUER AT) AREAS R B s RE A BIRLA OAM ET AEE 20 tht 2. BIL KY, EBA RE Mee TAF 1908 Fe TEBE. OK FEL A WA AR A AR HTH A HL ETO AG. BOA AOL REA LAME T 05 ATT te a 500 Rae PS ARR 40 Ee, KARE EN FEAST IC UE. x BRARPEA BL FO SA LL OB ZS RAR. RATA T RE, TRH KR OW AD, AR-PUR ADE FREE A SKA AUT, “GRR, LAR TL He, BAT Be a “AT tt CARER PEAY oS RA A A A BAT AL ACTEM (RE: WAR ER, HH 13 MK PROS BEML RU A CP ERT A WR PEAR (TEE OR A HE A PAR BT PT OEFe Mewes H 28 “EFL RE Fat Ba EAM CEB Te “AP RGU OSS” a AP 218 EL EMBL A PRI AB Je ade BS (cAMP PUIG A (EE A SR FE A TUBE A PRD 8 PL BE A a a Ee REAVER | Un SALAS Chall I eb ML RR LR SP BE, HP ATA AA BUHL TR, RARE T I RE PE PERS ik. BL HE EPID RIE FER PREP MBL LI fal DATTA S RH BP EAAB AREAL BP CREE Mi BR AALS 23 Bh PEA Be DB A ATT 2 he ales ik START BEATE RTE 7 BB A — “a BR BRAVIA TY 4 AN RTE PAL KAR RY. Ae FL PARR Ars aL EA PE A a Pld Bb, A Ra RE LS PER IU ARS HAT ASI HR FE TE HE RT YT LO FAL ia, BEIT LR Te db Be Sees OT aL PRAWN AGAR ATR A Hh ST EG he BEE AY A TE SEA, ARSE AN OSL , EA 1-3 F AX BOWNESS PAR OS 0S AL AMON RM CARER, CASE *L OBE WHE HE te BERS RE TEA EAI 7 a i AER. -- TRUM REM AA A BO RHO AON OOH aE”, IRDA Oe AE a SE SE SN RSE UA a aR CEE A SP PK24 SEO Hi-3 SF Swsierae KRAVE ERASE ATE EY BRR RAO MS ECM ECR HER RR BUDA FARA SO Ut — A ET MERPAKHSE, MH APB, PA - AIRS, Ol PLU BE FR A PSB, Bb BARE PARMA FR» RE RUN LTA FAR: 1. ATM FO BAER EIU RIE RS JE A FA LL RES BOT A, PR IA I TH Oya. HTARM MOM EDA 0 RE, MUSCAT SEPERATE AEE. MT AAT Gk Se ASHER I A AT PS, He A HBL Be Oh 9N 2 » w #'EF ESHA 2B Fe LAN UE JD Ae APPR AY I AS - Av TALLER AI SMA EOE GL TE Be LEA A RE Bh avi Re BSL Be A TE BOL DOA BA Ze RAE, Moar He AT ad fy Bt OE NRE T AS LY KOE Po MU oT BEAT: 2 lal fil REE ROMA, A RR A SRR DE RE A SES ie 5. AA EARS ES OT BA Ce He POR FE 2s gO PIR aR a EL BE ARE RE Ee Pe A Oh MY PEE Sa PA AAT AAA EP AAR PR BE BTCA APE ef OT. MEI. IK OE EP BY Ey HS Ke AEE ee ane St Lia OC A AER CE ROB, PAA TT ae et EL AT UPPERS AR PR J, HBT RAL A BE Se EAE A, ES a I Sy HO S| FED PE RS BL = WEIR SE ITAA FE UT EA ERG 2S aS A BS HE, AE AWA, BAUR EE A ol Fate HIT RH Tei oA BEAL , BATT Se ~ AE EL PUN we Ee A BLA nl APS SAA ON ARBRE PAL LE FAO SE PA CARA A REE fl SEMEL, TRA Bae a VR Es AE BS km PR, AL, Ca AUN EA 09 BS BR CIE SP OD CNLDARTAR OT PERT AH JER Sea 1 A iB.28 hea AAS EAT LTR PES eT tia TA ERE AAD SP AG J RR > RRP EAA. TEA ae eae Se MORES ASK AAAS RBA, Ae, HERR RA BN, RBA A (UIA SY EH Aaa HA LH ASS TR BEAT BBLET EAM: RILEERA— TRIN RA ANSE LAS ARASH RR SRA SH BAS BES. FRA, RRA ATER A WER. RATT FEES BA EF a RES HA TT SK TAS ARK, PET PS AGE BE a Mb Oy BS A AT WRB RMR JOE OE AR RAS IRE AL F ABARAT CEH AB Tt OL EA, Be ae Fi AREER AK AG SHEA OL HE RR 7H TE EAE A ae, ROG TH SELL COREA Fa. ARLE TET ORF BOLE TA TR LAIR WUE Fe RRR) AW ARRIETA a BANE AER AAI OR ILA RE A ARBOR ARERR AA DR PBR ‘EY AE FBR ROR BE BAKER? RMSE OKA, RAAT LAUR TRB BOE HAS — MAF Be URE B28 OM a A BCH BRED ERE a) OE AT ER TEL Be I aS ELS], DASie tase 7 FRR UIA RR AR RA. Sle Be APE EA a JK ASE IATL 7 25 EEE A, ASA HE aL ee OY ALTE AL SY BEE AN RAS AS PE ARAL ULAR EAS ah SP) BIC A KK. RAT BR Bee aK A a 45 HT Re Fa TA PAPER Be A ER I ARS SSRN BRE MERRIE WRT. WS C8 RS Re RULER EAR EAH SRE PAL ARNE ARE — BEE MAT BRAT 32 — ARE EL BILE AE ER PE ER AT 5 MO SESE SATS QS A BE AE AD Pe ERS TRAM. SS BARE IES BE MBS RAK A. MN AARC ERR TI, aS AEE BE ML TSF AAT” SCR ANB 24 ZS a HI AE PRR SCRA AE aT HE A ss A BR Mk AC AUT FE AL AR GRR ATOR BE Be ET. BRT FEW RAR A EEK ERE, PUTT Ek Pe RR ARPRAE Joi EAB TCI REA ARIAS Fae RAR EL HUDBA REE A , FRE RS TK PER ARP A ETS ANTE) Ca FG th Er GARR PE, ATTA AE He a TST BRUM. AE MRAOL tM APG A PL, RU Ay BLAS Pad P28 ED a A ZG oe EMR. AGRA ARE, AA BUA SEA BABE JE BRL TE TERPS ap Trl I AE RB RARE TOA KCIEL PT Ae ARE ORE) YS ICD Ba RE Nee 2D,28 Buena FRR MCE AT AE) RRA, AAMITT OIC ARH A ATO RE ECLA ERC EAR “SET CORA EE ERK PE RHR — FEI SERRE AVE, EEK AES HK A, Ti eA) OT A RAT SP BS ALEK —— iDe- KAD SACRO, ek eee Tb ae HEU > ARE REE EE RWB AR CLG A He FAB OL fin] PBT BLE HOLES ALF B WMS RR, REAP UR Si EP EY BRM, EAB BRTOENN TTP BE OR BMA) AAA. MBE AER SPORE AD , EET A Ri a Sj REAL HAAS AKI FT BSD HE 0 ATTA PR HH FLL GAH A eR, WR AE Be FRAT AREAS EP SEE AS BA EERE ABS ROL? EE SAAR bia Se BH A SE HUT EARS 5 HE Re TTL SR LTE STH Pe AR AE AR FR? PR LH JE AGRE RRA Ze BA ot GRAS A AAPOR S), AMA A BA MT HBT EES PR CARAT ASE EAD sO AR RI & TGA TARE PE BSR HL AAPS AR ARS BM ETE PC) BT. 7 Ah2R BE AR RAR ER FT MRARATON , ERR TR aBie Bese 2 SRR PR 3S RK AB AS AT EAT be A) Ee eS Ul ERE eRe GE Pp” UA EL. PR BE TOPE ATER ORAL a, BEER THT FE ABR UA BEA OY RS me AS TF ah SB ESR SO SBE CTL RE TY UL ALTE WE ALP A Op EF ATES, ERA XE ERI El 8 EY BRERA LO aia 7 AUALTE FA TAS. DRA LET a A BR te A, Sh. PUTAS 2, DRT AES Ate TITRA eA RE Fe, A CRAPERC A, AR 5 TE, SPR BSE TO AR ODER ROE. BET a FT KEAKA BE LABKES, HERERETAXELAA Ye EE AiR 25 A Ae AY CL HE TRC 7 AR BAST 4 i BBR AMG, Oe RR A OT, HAE AP BRAS A a. ORR PB OUR CARDED RE BU EG, fe - PAL ASE , TERULRE Sb} BRA #E T BEF BK (ee OE TARE DAA PEP ot, TOGO A AAS. EG AES EP CASE. BR RR TOES IOP Wy AAI, SF, LEAR 8 AK SALE EE WERE IL 2s A AR 6 1 BN TF WB AR ARATE LPAR SR Be ELT 8, fe Pa A EL BALE ODL FA tae TP Be A ey EA RE HAR EIB) PO ABI IE 10% HE 30% ERELPR LS AA MEPL 38 it FP PRE CARH ADR. He AERA, SPALUELS RAS FID PH ATE EE SRS I PE eT AMY BGR, ASR EAE BARA bo0 Ramee BA AAGE, CHIRAC fo TR SRE Fy BH EEE Sa BAI a AI A ET TH AEA SD bE, Be Ta oe BE aa Rr aA TERR, KL UT ES ERS 1D HD ET eH REPAY S MiG CARE KOH. A ORAS Brie ASSL UAE BAAR BT OOF BB a 9S FO AT A DURUM BRE A See tT a A AR FRE. AN, AR LARTER LE ATLA BURL, a RRA AL. BOUL TC HE 5 2 TT BS ERA. fel ETP ERE AUT AMA, RAVE RA TEARS. SAS SEL AAS ROR EAR To RUS Sa” — Ta WA Pt TEP RS BS G6), REE PURE ZIAD EMIRATE AR ML IF BL HIDES LA, MSCS T OAT eB Fo” BPUAM RTA RE RE, AREA EB Bho PERU MLPE ED A FS BR ESR PE, oy SASS BAER AATEME, FES ak 1993 F374 AH SACRE Fo HATE a AO SHC HES AR PE Bh Jy SR BE A HE ET A, RO TKS BURL, BBE A ARR TE, SRA AE fa PEF BURL fo PR WHI As RA A OY, EL Ee WR IL TT PL HE HT ATA REE AAI RTA BE RTS Fy STE At SE PR PRE FE, RT PBI iS21s Suse 3 G5 AS EAR AS, A RE a PRA IL BUR I]. MER ARATE BRR EA GATE EE DE AT BE RTE IR CL aR eB a PR. a eA PP he BBE OFS Litt SRE AE AS FELTED ABIL HARE MRA PRATER. TR TIE &ZBA—#PH. RO. RAR —— ih Ee “Bit” SEU BASILE. RMT RRA IR (ARERR BEF ERA SUAS TT IG ASAE AMER ATE: FS SS SE AA ah TH, BREE RSH A IMU ESSE. FRA ROR RR AE Eb a PE A, AE SRP ZIT RMB SAN, KARR LOST HAE NEA AS REA A RRM MA SE SH AA Ei BY FATT PA BA EL RR PE GO PER FE PH ER. PEM RE FE A SUT TE SP a oP “DU RAEN SAREE, EHKIA BRA PRAMS . PIN, DRE AT EW Hb, MK EAT Te EES Tf, BO ‘bP AS Bom, WHE CARA PB TPIT A EF PANE EERE 4 Ase Sy eH OF EE A, Ji WAR EAST EN). SEE FAT A & RS aT BT OB RE RCL HE HY, BER BR, nd EL AN HY HEART ETT RY La, SCP Sh A EBL32 Ruteothe 6 Ai RR OTH EE, SE 1908 Ene AD Co IPED, Pe RIGA ET PELE + PY PRE: Josi- ah Royce, 1855—1916, SANE, MME RE RNA ZO. TEAR UR PSA SK a. A TPE BS EAT MRA RR, AG AE A A, ef PB — Bl CELA UU HY 3 AR I GT a AR DAE RHE 5 BY UAT Ene PUA AAT BRO, TE ARAB 5X26 AU A RL, AAT oh WT RE AL BR HAL II BRE -— A RAT FE. PERSE? MMB RKS BERS, WARE A HE VEG RASS SUMRARK, MMR. BAR. SE HURGHADA EA AAIEBA a CASE ATE PN TP TE EB REMADE IR, BRAC NY Bet AES eh SALI th TOG DIM. ZEWAOR Ba BE MIDS AR CUES RA AK ASSET MSH CMR w, SASHES REFAELI eb ET A Fu SHA a Ae BL ave CATT BLO A MH) Ase ARB RB SH BRA, MART IPAM RA -THE: MINERS ANT ARH RBG RI i. RESHMA OE UE, Ste te TER BP BEIT TY SR EHSOORESS PET BM PM, FR A AAPOR RR. ETERS EE KR RRS TUM, RRL, BRST eh aE Sees UR i I A Dy A SE LT, SA Ts SP RE HY SEPA AER I A AE SESie fa5pe 1 A GR i PR AA BSE SKA CRUE ES HE EE AZ EA PAIS AIL I DoF CR 1 eM HEY fe AB An ERE THA See OU PET: AV El ATF TE HB A AR PRR BSR TAS dis A HY HC ek SAE HE LOR Fo PETE KR AIK A TPT Re HEARD SAE, 2050 BEES ERA WE TED ABT CE PES, AER PRAT, EAT DAIS BE ARICA AU OS, TRL AE AT Rae — dS LE GMA eS TEM SRA GALA HOT AGN BEL A aRRT PAT . HESEBR 1, CBSE ALP Ue AA ER BC RSE GK A 2 HD AHR STH A RS EI LT ALAA A AA) A SR A ASR EB PRONE UT AR ARIE AR ER Pe Aa. CUA ES ATT, EA ALE PEPIN, wT EE Be HEA WU 4T AOA «2k TD CA AE BS AED, RET dg a TER EEL SR TA NOAORE, LAT BARS ze BOE AES HOUND RK OF PE RT HEA RR RSA, PORE, TRE BP A — PULA Re i. ARP TE A OEE ST AE A. Ke ECR RE ARE OUR BR B AAR QM DHS: BWR PAN, HAE TATE MLA, BRAM SOLAT O, RRA BS A SBR ER DEAR TTF a PR TERT OP HEMw Sea RARE BZ RA. SLR, ACTS A BATE E29 ELS) NZS AS MOELS A A {TELUS Hy BRA SOLS, PE Pe EEE Fs RR BLES PGS & AT be A Re ee ah TE Bbpehk BS AMES PRT AS BA HE RR, PREC AERAE GE RT , A D s A, R SP AA RA, Ae TE RT I A te AVA RA BI OOTE SF TE FRACS Hy IR OU ML, FF Bae BS Boe, FR SE BATA HAMMAR ER MES. HACARRHE, HABEAS TAB HER ANE AT A REDE A RPL ZS, Be HEL PR HL PP RATA SAH ACR ead. YEAR PRTATA FCA EA FRAT BN BE fT SORE RAID PATTIE SABA IRE i oi AE AP HE TL REAR LG OTS BE, EE LA ASP fH ATT FR i PE ARH TE SOR SEA AE a A 5 A ATT A AL BL fF ER GRE, IR CE aR AB SSORA SIC SHAE ORB TE HT LER RAAT SE GO 2S wd SS —H RESRARAD FE. ABR AZ SPR WA UAF ST AON RIL A BE HAW EAE PE SR. RRA EOS, ATER 6 Al 2 LEIBA TRS LA PR. KIER 3h, My TR EAB AE TT A RA. BA AK RKRRHAL. SAN SAR BET ARTY DR ESRSe AwMSTe B TUES 1 PE SATE ATE ARENT Aa ob A BA HE VOM EM LAPD ILAA A CAS oR EB Dad AE EP SCRA PME: ih BS AR PE SE AY) ABE SY By FTIR TR MOTEL ASE YS Wah a de PIR EL BS A RR ARIE SB Lan EET TARA PARR A RR Js, eR BIR SE. RARE) RB AR BY RARE 2E BREE Bl , Chick - fil - A REZ] MBNA UROL ES FRA EL BRR PRA SCTUU IAB OT LR CRIS, EE WTR ATA Bao eh EXRAN PARE, BREATHE AS MLSS CH AUTO AS AR ORBEIEAUIY SER, AS ES HE ERA. aS LA WEA, ARAL BR TA OM. Bebe st ae BB LIBS Ah LARS TSA BA As ARIE Ze. WU AG, SOTERA Pe He Se RS eR EBA ATP AR AG SE eS AI RA 2B PA PT a FRBLE A AES: ai EAE AA TS BTR oe Be AUP S18 Mia SALAS aT E R, SCE R LIG yk) HSE A, TEAR OD SOR AA PAGAL, TAP RR IR IEE BY ESE, ES AUP FBR A TS EAD ARIE 0 A LS WATE A AE BE RR A RAE RHEE BARBS. FR ROBIE AMBER ak36 La DPR BABE AAR o EP IES EE A, AST A ME AS HE, ABR A IE TSR TB 2 AACS AE SHE USAA 2A], MARR TREN AMBLER A APACHE EES URS PE AL UAW EA RAR. BOTY Die + HSER TS (Robert ¥. McDermott) St{ERR2S ol ARR AATT A Kak 23 MER, TR i] "iL AH BAA BE OER”. 8 CEH SF, USAA ZS PURO UE PHBA 26 AFR 2.07 LRT BIT A Boi 340 12% TL RG AT LB aM We 5% , AERA VAAL NY 43% F REBT 5% , lata PR By ST eb PN ——FE 1 EL RHCORU ARITA, RRP Rt ART ROG DUDA TP URES HELA EA AME Se ARV DR i at PE AY BPR, PRT RETR PGA ae SOL RA, USAA QP RE L316K7G, WRTRAS ARS RBA IRA, Bet RR FRITS. BRA a OPA JANE CURRED HP ASSESS eat PEP AE CRBC AO Le BL J ABE) Se HE (ASSAM BE A AAI To SORAUEE ,USAA HURT EARTHY ES HE ZBL HET EMNEREIES, BANE BR Ao PRIDE OIE ELAS, RA AL AAT RE RAH EA EE AE PEEWARAROR-H, PEAT BA — eee SPB RAIS OT AH RLS EP a AH AS A SM SE BAI BOE AOR Ris RA A BREE MTA BIE PE, EE AADWie HE (LK PB TT) Ag eR Da, TW LL A TY AR WBE eA RE Be ERAN ID as Bd BEE at MOE NP-SCE AREY, AU, PIERRE Fi i He OLS HET cis We, BURL. — UB SEE Pa HS te PR HD BS BET FPR ARERR IN dvb oe ASRS BEE JTS 3 SAULT FE SS le Jy 25k PE Pa ei A Me, PASTRIES. ASE WERE PRE LEP ARTE fe A BE OR EBT AB HERS R RL AAUP Ue oT BE SLB a has BE ST FA Pa i ARR 53 BTR IE AY POSH, AT ERT AAC Hea IF BL,8 2a PR ME BES “EF URE EE” DUE AERO FS, SIE EE PET A. AP, BMAF AWSS ARRON SPREAD HE RAN, REAL OER BY (EER AAA PAK RY Ade HE SOOAL, FAUNA FA AOI RRR TE LI OT, BEE ARCA AL. Rat RA AY OME TR? — SC APRA E> A—MHARAB SB TAL RH? EA PRAY SEDE BAS”, ALT RURA SS A RS a NT EER NRR KAGRE WAS MTP FL DE, ESE, BOE AT LOU OM FETE AGB). MR Sb TREE UE, MISSES GA AMAA BRA LE ZB , BO ay EAE TAT HANS CASI, RAP LILAE ARE 2, ACHES SET AE OHM 25% 100%. RMA RE 1989 FE 2 FFE CO ORAL IF IC) LRA TAGE TT SERRA Bh AE TRA MEDR., RMA OK, RT MCN REBI ROSKENS 38 RENAE” BR — ba A LIE SE Sb I A A EAL LOE EVAR OFFER YS I CR A ob AY BER SCRE FEE a A ( BER SE 1h HF FRITH A 1 oO Se ALN PBR. ATSB Ae TELL 53 Fb — HF ORE PMEL SBS Wl Fy HY EA 100% AHH AY, ER RRIF Rane SCE OY OM NH A AT ob. PPL Sw ARI EHR RER ETEK RAR SALA HIE ATE LAR BY VAP STS RL, SAA FE SERS. PME eT RT RK BRU SMEAR EAS? Rik MACE TER BoP RH fel ELIT FH SK FAO RSE BOE RAE, PRA RA Be A Fe MEA? SERA 2A PRN A BES JODIE EE PRRADRK. AN, AAMRA SOA CAA RRAZLM BLS EM SRR TEE AAU CHES HOR TG. ARO Ten SRR LR AEE, ULE PRE EL AEA BURNIE: AEA AT REA BA A PETE AOE R EAM AT AR DM: ET BOR AS WEES, KER A EMBOT Sy, RE BI BAB ARK AR RT HERR | TE BAWABA Ba A Pe eee SALI — RE VA LE AR eT HP JEG TAD SE TT EA PLAS eH A PB AA PS EE FE, FEDERAL PRI ALGER ALS IT AER BTENEa0 Satereh Hy FORE HE BEET, sel RSE — PER LM. SEU ARB AA A RR ey WSS. F tie ROY BO Ta ak TR fis HTH FAIA SU 2 PE dB 95 Oh A — i, RE PE ARC) se STAC HE EH BEI ITC A. EAR. SS MLAS RE BEE eA ELL HE RE EE} PASSE HAE Wie BA ABE AE ia ES HARA EASE AE A AEA OT A Ae TLL ALAR, BA BR WI AAS HE LB AE HU CY SFE SL ART A AR oe I Se Rant TM JE PLE ORD AE SAM. (PTET PO EATS HRA AK. ARDRE IPE OTT RR EOIN RE SHUT RC TL ORAS A GA RMU SE BEB ET TR, ALE ud fo SCRE BET TTL: Bk EO ARE A BR Pb AIGA PE LA i ERE OO SAE CARITHRE RERACRM SAM ESTA IE DRA ATT AS SEER A AS Lf — A aA BE, NiiV ER PAES. EAP EEK SRO WE, Sit WPT RRS AOE LE KA ULAR TASES PHP AS AE CR fe TA TOR, PRET RUT ERT SR wD SL. EB RA AR KB SE AES ASHE NG A Be CAT MH HBR AH 2, BI ‘oleh HET AREA SEAR. PALATE SR BEL, SE BEAL 2SB28 SOLAS A AZ EIHORE CAN, APR BRAGS BERR AM LY, BP EB 9% , WT EY 100% oi Ab Bin ALANA bh FEY) ARE, A BE BRAM ESE Ro LABVEA IS, ESET IDR BD REA BGS TE. 4a, ALA PE HDR BE SDA EE ARAL OY EAI WE te AAR S DROUIN US IL. 8 FRE 8 BABE THES AATF, RTT UTM AE A AE WSBT DU AAT SS ARERR. 2-1 WAT 4 RRS MEST, Ai NE SR PLL HS TP fa, — RA Bl ANE A EE 5% HK CT EAVES RE EM 90% HE BT 95% ) ABA 100% * ww = 2 & = ee = & R ze = a ei ho eee ee # S* Sen 88S kw kad e cS e Se Rw E tere eoesen se 47a 2-1 PRB RH St SREP RANEa2 Pe LOTTA EAE A Fe A: FA PH A 75% JERI A TER AE OE I, LE A AS ASH ALG BE HORE EF SS RE TAR FP EK FAY AO mth RR ATE BD Ae, FP SEAR SD, ISBT Ls BE PT A a SH ARE A PR ds Ab Se FF EHS BOE , BIL Ze RE I, — BT Ri Se UL, AO — ke, HOR AAAS. (BEY ALA 245 8 AS Ht Sth Aa Oe Pe ELIS a A PE A WT FER Oi As AES ARAB LL He Fe BES DK AB A BF ER Wi SES. CORAL AIK AR EK, oe DALE BRR, UK Set TGA ie GAA], — PE RARE 95% . THB HOG ULAR EDLY AEE BA 5% , UL RIE FEWGTE Fe. BR 80% 5 FRB PRA vid FEAT A BI KS 105%, AG SS — BRN a AAI a EHS IM SF THT SS LS BRE Ok 14 Ee A SHU EOE BA SHE BH TE AT SRP RE 5 DSA, MOB rE 14 AS A RARE L090 SEALS, BDZ EBD ‘SEALE ET HS BREE ARAB HS RE, WE Pe E14 SE - - 2 OL EH] AE PRE ERE Sh A EL TRAE EUR A LK. BI PA BRR ASA SL Ce RT Se A RRL — TR ATER CALS J Ue ar SBE Dy SP SBI tk PERNA RBH F, BRA — NS Fla Pe OWE Da LAL Et 2 ~ 2 BERD ASR HET AUB RA ROAR AAS UL, PR I BEG2 RPGGARF MERE ARS $100 $100 o ai. oo 100 40 as0 +200 20 +250 =300, 9 702 39 4 «8 102 3 eA BAS 3 $100 - $200 75 * 50 150 a ry : & o 400 Ss . 80 50 73 a 100 @423 45 ° 1 2 3 4 5 BAR $300 $200 250 o 200 ~200 ad ~400, 160 ~600 100, ~800 0 1000 fi - 1200-11138 ON 2 8 48 1700 SAHA EA SEP ARE ROT) 23 4 6 B2-2 ATES RAB eR44 Site RUE Ea RAY A EDR BA ARBRE EER oe) a LE AT SEO bE BRORY , eS BS EL BURELADR aR, PEK SR a 4 Tl AE a oo BE OLESEN, ALIRRR a Bee ILA IER EEE AE ee. SE SL , HUES GREG AEH SEE Ss BE BES Te THEA OAD RATES i) TL HR BUCA IS 2 A DE ik ee, RR bt AUR —2E(L, SB FE BN Fe ol EEO AA, (MSTA — He, BBE PIMA ER WIKATS REAR, Ree FA Bae CS KAN AD AOR CTY OEE RE kB, ERA 5} ASAE As ESR AS Ak uk PB RE FOE MS AT VASA Be BS A FTV BSCR PA Bede a6 HE LAG Sp BE SE a SE TF BR, FS ULB TRAVELER. BN A Aa {RAMI , BORA LES FER EAR RI t PRD a AUR ED AHR ATE AT RR AUP RAIA PFA EH, RP LS IAI BAAS FE DA Da TE 2 2B Fh A HIS BS MUO AT, (HAR BL EA 2-3 PO AA 6 UE A OTE RRR RMB oe ME WERE be PRR ASR AR BASE RAR (aj C1 ALES De OPA AIC. A AR a en — I AAT ZB, FRAC RRL E RAI FS ETT TESTI.