Meeting Minutes

8.20.2006


Attendees: Nicholas Sarwark, Leroy Cain, Lynn Shniper, Derek Pomery, Janelle Kihlstrom, Esther Whieldon (proxy)
20:00 - 21:45 August 20, 2006
Quorum
More than 50% of the members were present, so there was a quorum.

Treasurer's Report
We currently have $7201.99 in securities and $138.93 in cash.
Since last meeting we received $2.19 in dividends from DIA, $1.60 from LOW, and $0.02 interest on our credit balance.
Received $22.97 in lieu of a fractional share of Wyndham and $17.48 in lieu of a fractional share of Realogy.
Stock Discussion
Cendant has split into three companies, Realogy (NYSE:H), Wyndham (NYSE:WYN), and Cendant (NYSE:CD).
Next Meeting
September 17th, 2006 at Lynn Shniper's house.

Action Items
Leroy researching Realogy.
Lynn researching Wyndham.
Nick researching Cendant (rental cars).