Estate of Josephine T. Thompson, Deceased, Carl T. Holst-Knudsen and the Bank of New York, Executors - Page 11

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                    Subscription                    Advertising                       
                             Percentage                    Percentage                
          Fiscal              of Total                      of Total                  
           Year      Revenue       Sales Revenue      Revenue       Sales Revenue     
          1993    $14,901,781          8.3         $165,386,826        91.7           
          1994     15,310,520          7.9          177,924,154        92.1           
          1995     16,978,851          7.9          197,451,678        92.1           
          1996     17,173,690          7.4          215,653,261        92.6           
          1997     17,240,197          6.7          239,828,771        93.3           
          1998     14,068,891          5.2          257,901,815        94.8           
          1999      8,834,385          3.0          284,004,912        97.0           
          2000      6,580,888          2.2          291,617,859        97.8           
          2001         *                *                *               *            
          2002        957,646          0.4          249,187,069        99.6           
                    *  Not in evidence.                                               

               For 1993-2002, decreases in TPC’s subscription revenue                 
          generally coincided with TPC making its directories available on            
          CD-ROM and on the Internet.  For 1993-2000, however, increases in           
          TPC’s advertising revenue relating to CD-ROM and Internet                   
          versions of its directories, more than offset decreases in TPC’s            
          subscription revenue.                                                       
               For its fiscal years 1998-2002, TPC’s combined subscription            
          and advertising revenue relating to its respective print, CD-ROM,           
          and Internet directories is set forth below:                                

                    Combined Subscription and Advertising Sales Revenue              
          Fiscal        Print          CD-ROM         Internet                        
           Year      Directories     Directories     Directories      Multimedia*     
           1998      $60,974,928     $21,545,793     $ 3,801,224     $190,135,238     
          1999       55,183,301      30,148,498      11,701,065      196,831,426      
          2000       49,567,582      32,233,952      20,295,520      196,595,142      
          2001       40,320,705      29,578,071      27,962,016      187,279,835      
          2002       29,054,729      24,285,826      29,485,156      167,486,238      
                    *  Multimedia sales revenue reflects the sale of                  
                    bundled advertising in TPC’s print, CD-ROM, and                   
                    Internet directories.  Revenue numbers in this                    
                    table do not match up entirely with the revenue                   
                    numbers in the table above.                                       






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