Estate of Josephine T. Thompson, Deceased, Carl T. Holst-Knudsen and the Bank of New York, Executors - Page 5

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          detailed information on products and services, company profiles,            
          contact information, and catalog files.3                                    
               As of May 2, 1998, TPC published and sold throughout the               
          United States and abroad approximately 24 business-to-business              
          industrial business directories, including the Thomas Register of           
          American Manufacturers (the Thomas Register), TPC’s 34-volume               
          directory which is recognized throughout North America as the               
          most comprehensive resource for finding manufacturing companies             
          and products.  TPC also published and sold a variety of news                
          magazines, software comparison guides, and a magazine relating to           
          factory automation, and it owned a product information exchange             
          service and a custom publishing group.                                      
               By any measurement, as of May 2, 1998, TPC was regarded as a           
          very successful and profitable company and by some as holding an            
          effective monopoly in the United States on business-to-business             
          industrial and manufacturing print publications.                            











               3  The first buying directory was published by Harvey Mark             
          Thomas in 1890, prior to incorporation of the business, and was             
          titled “Thomas’ Machinery, Iron, Steel, and Metal Trades                    
          Reference Book”.                                                            




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