Spiegel Inc Employee Welfare Benefits Trust

“Description: interest. Amount: 362.”

“Description: publicly traded securities. Beg. Of year amount: 443,928. End of year amount: 366,995.”

“Ebhi holdings, inc. (bankrupt) ("ebhi") filed bankruptcy on june 17, 2009. On march 18, 2010 the u.s. Bankruptcy court of the district of delaware entered an order confirming the joint plan of orderly liquidation. Pursuant to the confirmed plan, ebhi was dissolved and its remaining assets were transferred to a liquidating trust and larry waslow was appointed as the liquidating trustee ("the trustee") charged with winding up the affairs of ebhi. Ebhi was the corporate entity previously administering the spiegel, inc. Employee welfare benefits trust ("the trust"). Pursuant to 11 u.s.c. Sect. 704(11), the trustee is responsible for the liquidation of the spiegel welfare benefit plan and the related assets of the trust. We prepared the 2013 form 990-ez informational return based on data provided by the plan's record keeper and plan asset custodian, fidelity investments. The trustee as the substitute plan administrator by his signature on the face of this return has relied on our expertise in preparing this return from the available records. Neither the trustee as the substitute plan administrator nor our firm have any direct knowledge of the transactions recorded and reported by the plan asset custodian and by the debtor. However, it is our qualified opinion that this is a complete informational return based on the limited financial and employee information available. The absence of complete information was caused by the bankrupt status of the debtor as the plan sponsor. Bederson llp march 2014”