Beta Equities Inc

“Part vi, section a beta equities, inc. ("beta") is a title holding company generally exempt from federal income tax under irc section 501(a) as a title holding company described in irc section 501(c)(2). Beta's purpose is to hold title to investments generating income which will be turned over to general electric pension trust ("gept") after deducting expenses pursuant to irc section 501(c)(2). Gept will use such income to further its exempt purpose. Gept forms part of three pension plans sponsored by general electric company ("ge"). Each of the three plans invests their respective assets in gept. The trustees of gept are officers of ge asset management incorporated ("geam"), a wholly-owned subsidiary of ge. Geam was appointed investment adviser by gept and manages the assets accordingly. Beta is one of several title holding companies wholly-owned by gept. Line 6 - beta is wholly-owned by gept. Line 7a and 7b - the trustees of gept have delegated to geam their authority to make investment management and other decisions regarding beta. Therefore, geam has the power to terminate the directors and officers of beta.”

“Part vi, section b line 11b - the supporting information required to timely and accurately complete form 990 is furnished to beta's paid preparer, pricewaterhousecoopers llp ("pwc"). Form 990, as prepared by pwc, is furnished to the geam tax department for final review. The geam tax department reviews form 990 as prepared by pwc for accuracy. Upon approval, the geam tax department reviews the form 990 with a beta officer prior to signature and filing. Part vi, section b lines 12-14 - geam is a registered investment adviser under the investment advisers act of 1940, as amended, and provides investment management services to gept and beta. Geam has adopted policies that extend to gept and beta covering, but not limited to, conflicts of interest, integrity concerns and document retention and destruction. Such policies are administered by geam's compliance department. All employees of gept's sponsor company are required to comply with such policies and must confirm, no less than quarterly, compliance with the conflicts of interest policy. Line 15 - beta does not have any employees.”

“Part vi, section c, line 19 no documents available to the public.”

“Part vii, section a in total, it is estimated that each board member spends less than one hour per week on the activities of this organization. In addition, jim oldham spends 5 to 10 hours per year on the activities of related organizations as reported on schedule r.”

“(100,725,532) distributions to general electric pension trust 25,873,063 book/tax adjustments - partnership & pfic investments (26,409) interest income - form 1099 ------------ (74,878,878) total”