THE LIST COMPANY

LOCK BOX ARRANGEMENT

AVERAGE OUTLAYS (A)

BANK NAME DAILY COLLECTION COMPENSATING BALANCE ANNUAL COST
NEW ORLEANS BANK 3,000,000 2,000,000 140,000
-
ATLANTA BANK 1,000,000 1,000,000 70,000
DALLAS BANK 2,000,000 2,000,000 140,000
DIFFERENCE

AVERAGE SAVINGS (B)

3,000,000 X 1/2 1,500,000.00

NET SAVINGS (B-A)

TOTAL ANNUAL COST
140,000.00 (105,000.00)

210,000.00 210,000.00
70,000.00 105,000.00

105,000.00

35,000.00