Fahnestock Proprietary Trading Offerings SheetMark Wetzler or Michael J. McIntyre (212) 668-8155 or 1-800-932-4633

Issue Name Type Coupon Maturity Cusip # Moody

Aes Corporation Sr Notes 8.526564 12/31/08 00130HAP0 B3Amerco Sr Notes 7.8500% 05/15/03 023586AA8 Caa2Amerco Sr Notes 8.8000% 02/04/05 023586AF7 Caa2AT&T Corporation Sr Notes 6.5000% 03/15/29 001957AW9 Baa2AT&T Corporation Nts 8.0000% 05/15/25 00206QAN4 Baa2AT&T Corporation Nts 8.6000% 05/15/25 00206QAS3 Baa2AT&T Corporation Debentures 8.1250% 01/15/22 001957AJ8 Baa2AT&T Corporation Debentures 8.1250% 07/15/24 001957AK5 Baa2AT&T Corporation Sr Notes 8.3500% 01/15/25 001957AQ2 Baa2AT&T Corporation Debentures 8.6250% 12/31/31 001957AL3 Baa2Borden Chemical & Plastics Sr Notes 9.5000% 05/01/05 099542AA0 CaCalpine Corp Sr Notes 8.2500% 08/15/05 131347AU0 B1Calpine Corp Sr Notes 8.7500% 07/15/07 131347AF3 B1Cincinnati Bell Nts 6.3000% 12/01/28 171870AD9 Ba2Cincinnati Bell Nts 7.2500% 06/15/23 171870AK4 Ba2CMS Energy Corp Nts 8.0000% 08/15/11 12589SDK5 B3CMS Energy Corp Nts 8.0000% 09/15/13 12589SDU3 B3CMS Energy Corp Nts 8.0000% 09/15/13 12589SDY5 B3CMS Energy Corp Nts 8.0000% 09/15/13 12589SEC2 B3Coca Cola Femsa Sr Notes 8.9500% 11/01/06 191241AB4 Baa3Comcast Cable Communication Sr Sub Nts 8.2500% 02/15/08 526055AK4 Ba1Enron Corporation Nts 6.7500% 08/01/09 293561BA3 CaEnron Corporation Nts 7.8750% 06/15/03 293561CB0 CaEnron Corporation Debentures 9.8750% 06/15/03 293561AF3 CaExodus Communications Sr Notes 10.7500% 12/15/09 302088AH2 CaExodus Communications Sr Notes 11.6250% 07/15/10 302088AL3 CaFinova Group Inc. Sr Notes 7.5000% 11/15/09 317928AA7 NAGeorgia Pacific Corp. Nts 8.1250% 05/15/11 373298BV9 Ba3Georgia Pacific Corp. Debentures 8.1250% 06/15/23 373298BK3 Ba3Georgia Pacific Corp. Debentures 8.2500% 03/01/23 373298BJ6 Ba3Georgia Pacific Corp. Debentures 8.6250% 04/30/25 373298BL1 Ba3Georgia Pacific Corp. Debentures 9.1250% 07/01/22 373298BH0 Ba3Georgia Pacific Corp. Debentures 9.6250% 03/15/22 373298BH0 Ba3Georgia Pacific Corp. Debentures 9.8750% 11/01/21 373298BF4 Ba3Goodyear Tire & Rubber Nts 7.8570% 08/15/11 382550AH4 Baa3Goodyear Tire & Rubber Nts 8.5000% 03/15/07 382550AG6 Baa3Healthsouth Corporation Sr Notes 6.8750% 06/15/05 421924AJ0 Caa1Healthsouth Corporation Sr Notes 7.0000% 06/15/08 421924AM3 Caa1Healthsouth Corporation Sr Notes 7.3750% 10/01/06 421924AU5 Caa1Healthsouth Corporation Sr Notes 7.6250% 06/01/12 421924AZ4 Caa1Healthsouth Corporation Sr Notes 8.3750% 10/01/11 421924AX9 Caa1Healthsouth Corporation Sr Notes 8.5000% 02/01/08 421924AR2 Caa1K Mart Corporation Debentures 7.7500% 10/01/12 482584AP4 CaK Mart Corporation Debentures 7.9500% 02/01/23 482584AQ2 CaK Mart Corporation Nts 8.1250% 12/01/06 482584AL3 CaK Mart Corporation Debentures 8.2500% 01/01/22 482584AM1 CaK Mart Corporation Debentures 8.3750% 07/01/22 482584AN9 CaK Mart Corporation Sec Nts 8.5400% 01/02/15 482584AH2 Caa2K Mart Corporation Nts 8.9600% 12/10/19 482584BC3 Ca

K Mart Corporation Pass Thru Cert 8.9900% 07/05/10 48258VAF6 Caa2K Mart Corporation Pass Thru Cert 9.4400% 07/01/18 48258WAG2 Caa2K Mart Corporation Pass Thru Cert 9.7800% 01/05/20 48258VAG4 Caa2K Mart Corporation Debentures 12.5000% 03/01/05 482584AG4 CaK Mart Funding Corp. Sec Nts 8.8000% 07/01/10 48258WAF4 Caa2K Mart Funding Corp. Pass Thru Cert 9.3500% 01/02/20 48258VAJ8 Caa2Level 3 Communications Sr Notes 9.1250% 05/01/08 52729NAC4 Caa3Level 3 Communications Sr Disc Notes 10.5000% 12/01/08 52729NAE0 Caa3Level 3 Communications Sr Notes 11.0000% 03/15/08 52729NAK6 Caa3Level 3 Communications Sr Notes 11.2500% 03/15/10 52729NAN0 Caa3Level 3 Communications Sr Disc Nts 12.8750% 03/15/10 52729NAR1 Caa3Lucent Technologies Nts 5.5000% 11/15/08 549463AD9 Caa1Lucent Technologies Debentures 6.5000% 01/15/28 549463AC1 Caa1Lucent Technologies Debentures 6.4500% 03/15/29 549463AE7 Caa1Lucent Technologies Nts 7.2500% 07/15/06 549463AB3 Caa1Lucent Technologies Nts 7.7000% 05/19/10 54946EAD5 Caa1Mountain States Tel & Teleg Co. Debentures 5.5000% 06/01/05 624284AH8 Baa2Mountain States Tel & Teleg Co. Debentures 7.3750% 05/01/30 624284BD6 Baa2Northwestern Bell Telephone Debentures 6.2500% 01/01/07 668027AG0 Baa2Ogden Corporation Convertible 5.7500% 10/20/02 676346AD1 Ba2Ogden Corporation Convertible 6.0000% 06/01/02 676346AC3 Ba2Owens Corning Sr Notes 7.0000% 03/15/09 69073FAE3 CaOwens Corning Sr Notes 7.5000% 05/01/05 69073FAB9 CaOwens Corning Sr Notes 7.5000% 08/01/18 69073FAD5 CaOwens Corning Sr Notes 7.7000% 05/08/08 69073FAC7 CaPacific Gas & Electric 1st Mtg Nts 5.8750% 10/01/05 694308EW3 B3Pacific Gas & Electric 1st Mtg Nts 6.2500% 08/01/03 694308EU7 B3Pacific Gas & Electric 1st Mtg Nts 6.2500% 03/01/04 694308FA0 B3Pacific Gas & Electric 1st Mtg Nts 6.7500% 10/01/23 694308EY9 B3Pacific Gas & Electric 1st Mtg Nts 7.0500% 03/01/24 694308FB8 B3Pacific Gas & Electric 1st Mtg Nts 7.2500% 03/01/26 694308EM5 B3Pacific Gas & Electric 1st Mtg Nts 7.2500% 03/01/26 694308ET0 AaaPacific Gas & Electric 1st Mtg Nts 7.2500% 08/01/26 694308EV5 B3Pacific Gas & Electric 1st Mtg Nts 8.2500% 11/01/22 694308EG8 B3Pacific Gas & Electric 1st Mtg Nts 8.3750% 05/01/25 694308EF0 B3PSEG Energy Holdings Sr Notes 8.6250% 02/15/08 69361LAF8 Baa3PSEG Energy Holdings Sr Notes 9.1250% 02/10/04 69361LAD3 Baa3PSEG Energy Holdings Sr Notes 10.0000% 10/01/09 69361LAC5 Baa3Qwest Capital Funding Corp. Co. Guarnt 6.2500% 07/15/05 912912AN2 Ba2Qwest Capital Funding Corp. Co. Guarnt 6.8750% 07/15/28 912912AQ5 Ba2Qwest Capital Funding Corp. Co. Guarnt 7.6250% 08/03/21 74913EAQ3 Ba2Qwest Corporation Nts 6.1250% 11/15/05 912920AE5 Ba3Qwest Corporation Nts 6.6250% 09/15/05 912920AF2 Ba3Qwest Corporation Debentures 6.8750% 09/15/33 912920AC9 Ba3Qwest Corporation Nts 7.2000% 11/01/04 912920AU9 Ba3Qwest Corporation Nts 7.2000% 11/10/26 912920AL9 Ba3Qwest Corporation Debentures 7.2500% 10/15/35 912920AM7 Ba3Qwest Corporation Debentures 7.5000% 06/15/23 912920AB1 Ba3Republic of Argentina Sovereign 9.7500% 09/19/27 040114AV2 B2Republic of Argentina Sovereign 11.3750% 03/15/10 040114FC9 B2Republic of Argentina Sovereign 11.7500% 06/15/15 040114GA2 B2Republic of Argentina Sovereign 12.3750% 02/21/12 040114GD6 B2Republic of Brazil Sovereign 10.1250% 05/15/27 105756AE0 B1Republic of Brazil Sovereign 11.0000% 08/17/40 105756AP5 B1

Republic of Brazil Sovereign 11.2500% 07/26/07 105756AM2 B1Republic of Brazil Sovereign 14.5000% 10/15/09 105756AJ9 B1Southern Calif Edison Sr Notes 6.3750% 01/15/06 842400DX8 Ba3Southern Calif Edison Sr Notes 6.6500% 04/01/29 842400EB5 Ba3Southern Calif Edison 1st Mtg Nts 6.9000% 10/01/18 842400DJ9 Ba2Southern Calif Edison 1st Mtg Nts 7.1250% 07/15/25 842400DG5 Ba2Southern Calif Edison 1st Mtg Nts 7.2500% 03/01/26 842400DC4 Ba2Southern Calif Edison Sr Notes 7.6250% 01/15/10 842400EE9 Ba3Sprint Capital Corp. Co. Guarnt 6.8750% 11/15/28 852060AD4 Baa3Telefonica De Argentina Sr Notes 11.8750% 11/01/04 879378AC1 B2Tennessee Gas Pipeline Co. Debentures 6.0000% 12/15/11 880451AJ8 Baa2Tennessee Gas Pipeline Co. Debentures 7.0000% 10/15/28 880451AV1 Baa2Time Warner Inc. Debentures 9.1250% 01/15/13 887315AK5 Baa1Time Warner Inc. Debentures 9.1500% 02/01/23 887315AM1 Baa1West Penn Power Co Nts 6.3750% 06/01/04 95527PAC2 Baa1West Penn Power Co Nts 6.6250% 04/15/12 955278BF2 Baa1Williams Cos Inc. Nts 6.5000% 12/01/08 968905AD1 Caa1Williams Cos Inc. Nts 7.1250% 09/01/11 969457BF6 Caa1Williams Cos Inc. Nts 7.5000% 01/15/31 969457BB5 Caa1Williams Cos Inc. Nts 7.7500% 06/15/31 969457BD1 Caa1Williams Cos Inc. Nts 7.8750% 09/01/21 969457BG4 Caa1Worldcom Inc. Sr Notes 6.4000% 08/15/05 98155KAH5 CaWorldcom Inc. Nts 6.5000% 05/15/04 98157DAH9 CaWorldcom Inc. Sr Notes 7.5000% 05/15/11 98157DAJ5 CaWorldcom Inc. Sr Notes 7.8750% 05/15/03 98157DAB2 CaWorldcom Inc. Sr Notes 8.2500% 05/15/31 98157DAK2 Ca

S&P Delivery Quanity Ask Price

B- DTC 145.4 93.000CC DTC 105 100.000CC DTC 100 90.000

BBB+ DTC 100 92.000BBB+ DTC 66 103.000BBB+ DTC 8 104.000BBB+ DTC 100 103.500BBB+ DTC 100 103.500BBB+ DTC 100 104.000BBB+ DTC 100 104.000

NR DTC 100 1.500B+ DTC 250 87.000B+ DTC 250 77.000B- DTC 250 84.000B- DTC 250B+ DTC 169 89.000B+ DTC 38 92.000B+ DTC 74 92.000B+ DTC 164 91.000

BBB- DTC 100 118.000BBB DTC 355 104.750

D DTC 100 19.000D DTC 100 19.000D DTC 100 19.000

NR DTC 100 8.000NR DTC 100 8.000NA DTC 250 43.000BB+ DTC 100 102.000BB+ DTC 100 88.000BB+ DTC 100 88.000BB+ DTC 100 88.000BB+ DTC 100 94.000BB+ DTC 100 96.000BB+ DTC 500 98.000BB+ DTC 200 77.000BB+ DTC 100 89.000

CCC- DTC 100 73.000CCC- DTC 100 69.000CCC- DTC 100 73.000CCC- DTC 100 69.000CCC- DTC 100 69.000CCC- DTC 100 69.000

D DTC 100 18.000D DTC 100 18.000D DTC 100 18.000D DTC 100 18.000D DTC 100 18.000

CCC- DTC 100 70.000D DTC 100 18.000

CCC- DTC 100 80.000D DTC 100 65.000

CCC- DTC 100 65.000D DTC 100 21.000D DTC 100 70.000

CCC- DTC 100 70.000CC DTC 100 84.000CC DTC 100 80.000CC DTC 100 91.000CC DTC 100 89.000CC DTC 250 64.500

CCC+ DTC 100 87.000CCC+ DTC 100 76.000CCC+ DTC 100 76.000CCC+ DTC 100 98.000CCC+ DTC 75 87.000BBB DTC 100 98.000BBB DTC 100 88.000BBB DTC 100 96.500BBB- DTC 100 12.000BBB- DTC 100 12.000

D DTC 100 28.000D DTC 100 28.000D DTC 100 28.000D DTC 100 28.000

CCC DTC 100 102.000CCC DTC 25 100.125CCC DTC 20 100.750CCC DTC 100 100.500CCC DTC 100 101.000CCC DTC 100 102.000AAA DTC 12 102.500CCC DTC 125 102.000CCC DTC 100 103.000CCC DTC 100 103.000BBB- DTC 100 110.000BBB- DTC 100 108.000BBB- DTC 100 115.000BB DTC 100 93.000BB DTC 100 80.000BB DTC 100 78.000B- DTC 100 100.000B- DTC 100 102.000B- DTC 100 88.000B- DTC 100 102.000B- DTC 100 90.000B- DTC 100 90.000B- DTC 100 92.000B+ DTC 200 34.000B+ DTC 200 34.000B+ DTC 200 34.000B+ DTC 200 34.000BB- DTC 200 86.500BB- DTC 200 92.000

BB- DTC 200 102.500BB- DTC 200 116.000B+ DTC 100 102.000B+ DTC 30 90.000CC DTC 100 100.000CC DTC 48 101.500CC DTC 5 102.000B+ DTC 100 103.500

BBB- DTC 100 95.000BB+ DTC 44 94.000

BBB+ DTC 400 92.000BBB+ DTC 50 85.000BBB+ DTC 100 124.000BBB+ DTC 100 122.000

BB DTC 500 102.500BB DTC 100 104.000B DTC 100 97.000B DTC 100 96.500B DTC 100 92.000B DTC 100 92.000B DTC 100 95.000D DTC 100 30.000D DTC 100 30.000D DTC 100 30.000D DTC 100 30.000D DTC 100 30.000