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| David Williams of Excelsior Value & Restructuring Fund |
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| TOP PICK | Centex Corp | CTX-N | 46.460 | 2004-08-27 | |||
| TOP PICK | Calpine Corp | CPN-N | 3.490 | 2004-08-27 | |||
| TOP PICK | CitiGroup | C-N | 46.720 | 2004-08-27 |