SUMMARY OF PAYMENTS TO TRUST ACCOUNT

July 30, 2002

Syndicate Paid to Date

Hiscox $384,330.00

Cox $0

Great Lakes $142,061.00

Catlin $ 50,000.00

Euclidian $0

Alleghany $0
$576,391.00

Total Paid to Trust Account $576,391.00

Total Payment from Trust Account $502,309.15

Trust Balance $ 74,081.85

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