Underwriter
(Number Of Offerings As
Lead Underwriter)

Gross
Proceeds
(M)


Morgan Stanley and Co. (10)

$955.0

Merrill Lynch & Co. (6)

$891.9

UBS Securities (8)

$622.0

S.G. Cowen Securities (4)

$605.8

Lehman Brothers Inc. (6)

$520.6

Jefferies and Co. (2)

$483.0

Goldman Sachs & Co. (3)

$337.3

U.S. Bancorp Piper Jaffray (2)

$258.7

Citigroup Global Markets (3)

$243.0

Pacific Growth Equities (4)

$236.9

J.P. Morgan Securities (3)

$230.5

Banc of America Securities (1)

$175.0

Bear Stearns & Co. Inc. (2)

$160.8

Deutsche Bank Securities (2)

$143.6

CIBC World Markets Corp. (3)

$128.0

Credit Suisse First Boston (1)

$80.5

Thomas Weisel Partners (2)

$79.1

WR Hambrecht + Co. (1)

$37.6

C.E. Unterberg, Towbin (1)

$27.7

Janney Montgomery Scott (1)

$15.6


* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from Jan. 1 Dec. 31, 2003. Gross proceeds include additional funding raised from the exercise of overallotment options, when disclosed.