SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 5) GOLDEN TELECOM, INC. --------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE --------------------------------------------------------------------------- (Title of Class of Securities) 38122G107 --------------------------------------------------------------------------- (CUSIP Number) NAOMI KOBAYASHI CAPITAL INTERNATIONAL GLOBAL EMERGING MARKETS PRIVATE EQUITY FUND, L.P. C/O CAPITAL INTERNATIONAL, INC. 11100 SANTA MONICA BOULEVARD 15TH FLOOR LOS ANGELES, CALIFORNIA 90025 (310) 996-6000 --------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 15, 2005 --------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss. ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |_| ------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CAPITAL INTERNATIONAL GLOBAL EMERGING MARKETS PRIVATE EQUITY FUND, L.P. ------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|* ------- -------------------------------------------------------------------- 3 SEC USE ONLY ------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO ------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| ------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ----------------- ----- ---------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,762,466* SHARES ----- ---------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY NONE* OWNED BY ----- ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,762,466* PERSON ----- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH NONE* ------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,762,466* ------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| ------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% ------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN ------- -------------------------------------------------------------------- * See Items 5 and 6 below ------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CAPITAL INTERNATIONAL INVESTMENTS, LLC ------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|* ------- -------------------------------------------------------------------- 3 SEC USE ONLY ------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO ------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| ------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ----------------- ----- ---------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,762,466* SHARES ----- ---------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY NONE* OWNED BY ----- ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,762,466* PERSON ----- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH NONE* ------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,762,466* ------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| ------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% ------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - limited liability company ------- -------------------------------------------------------------------- * See Items 5 and 6 below ------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CAPITAL INTERNATIONAL, INC. ------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|* ------- -------------------------------------------------------------------- 3 SEC USE ONLY ------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO ------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| ------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA ----------------- ----- ---------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,762,466* SHARES ----- ---------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY NONE* OWNED BY ----- ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,762,466* PERSON ----- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH NONE* ------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,762,466* ------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| ------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% ------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO; IA ------- -------------------------------------------------------------------- * See Items 5 and 6 below ------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CAPITAL GROUP INTERNATIONAL, INC. ------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|* ------- -------------------------------------------------------------------- 3 SEC USE ONLY ------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO ------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| ------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA ----------------- ----- ---------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,762,466* SHARES ----- ---------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY NONE* OWNED BY ----- ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,762,466* PERSON ----- ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH NONE* ------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,762,466* ------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| ------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% ------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC; CO ------- -------------------------------------------------------------------- * See Items 5 and 6 below INTRODUCTORY STATEMENT This Amendment No. 5 amends and supplements the Schedule 13D originally filed on December 27, 1999 by Capital International Global Emerging Markets Private Equity Fund, L.P. ("CIPEF"), Capital International Investments, LLC ("Capital Investments"), Capital International, Inc. ("Capital International") and Capital Group International, Inc. ("CGII" and, together with CIPEF, Capital Investments and Capital International, the "Reporting Parties"), as amended by Amendment No. 1 on Schedule 13D/A filed by the Reporting Parties on April 12, 2001, Amendment No. 2 on Schedule 13D/A filed by the Reporting Parties on May 11, 2001, Amendment No. 3 on Schedule 13D/A filed by the Reporting Parties on September 10, 2002, and Amendment No. 4 on Schedule 13D/A filed by the Reporting Parties on August 22, 2003 with respect to the shares of common stock, par value $.01 per share (the "Common Stock") held by CIPEF in Golden Telecom Inc., a Delaware corporation ("Golden Telecom"). The address of the principal executive office of Golden Telecom is c/o Representation Office Golden Teleservices, Inc., 1 Kozhevnichesky Proezd, Moscow, Russia 115114. ITEM 5. Interest in Securities of the Issuer Item 5(a)(i) is hereby amended by renumbering it as Item 5(a), deleting the first two paragraphs and replacing them with the following: (a)(i) As of August 3, 2005, as reported by Golden Telecom in its Quarterly Report on Form 10-Q dated August 5, 2005, there were an aggregate of 36,393,990 shares of Common Stock outstanding. As of the date hereof, CIPEF beneficially owns 1,762,466 shares of Common Stock, representing approximately 4.8% of the outstanding shares of Common Stock. Due to their relationship with CIPEF (see Item 2), as of the date hereof, Capital International, Capital Investments and CGII may be deemed to beneficially own 1,762,466 shares of Common Stock. Based on an aggregate of 36,393,990 outstanding shares of Common Stock, this represents approximately 4.8% of the outstanding shares of Common Stock. Each of Capital Investments, Capital International and CGII disclaims beneficial ownership of all Common Stock beneficially owned by CIPEF. Item 5(a)(i) is further amended by deleting the fourth and fifth paragraphs and replacing them with the following: Reference is made to such statements on Schedule 13D or Schedule 13G as have been or may be filed with the Securities and Exchange Commission by each of RTK, Alfa Telecom, Telenor, Cavendish and First NIS Fund for information regarding such entities, their respective beneficial ownership of shares of Common Stock and any changes to such respective beneficial ownership of shares of Common Stock. To the best of the Reporting Parties' knowledge, each of RTK, Alfa Telecom, Telenor, Cavendish, and First NIS Fund, respectively, may be deemed to beneficially own the following numbers and percentages of the outstanding shares of Common Stock, in each case as reported in Golden Telecom's 2005 Proxy Statement, as filed with the Securities and Exchange Commission on April 28, 2005: RTK - 4,024,067 (11.1%); Alfa Telecom - 10,731,707 (29.5%); Telenor - 7,369,972 (20.3%); Cavendish - 1,803,212 (5.0%); and First NIS Fund - 706,463 (1.9%). To the best of the Reporting Parties' knowledge, as of the date hereof, RTK, Alfa Telecom, Telenor, Cavendish, First NIS Fund and CIPEF, in the aggregate, but not individually, may be deemed to beneficially own 26,397,887 shares of Common Stock (72.5%). Each of the Reporting Parties disclaims beneficial ownership of all shares of Common Stock beneficially owned by RTK, Alfa Telecom, Telenor, Cavendish and First NIS Fund, and the filing of this Statement shall not be construed as an admission that any of the Reporting Parties or any other person named in Item 2 hereof forms a "group" with (as such term is used in Section 13(d)(3) of the Securities Exchange Act of 1934 and Rule 13d-5 under such Act), or is the beneficial owner of any shares of Common Stock beneficially owned by, RTK, Alfa Telecom, Telenor, Cavendish or First NIS Fund. Item 5(a)(ii) is hereby amended by deleting the entire text therein. Item 5(b) is hereby amended by deleting the entire text therein and replacing it with the following: (b) CIPEF may be deemed to have sole power to vote or direct the voting of, and to dispose or direct the disposition of, the 1,762,466 shares of Common Stock beneficially owned by CIPEF. As noted above, each of Capital International, Capital Investments and CGII disclaims beneficial ownership of all shares beneficially owned by CIPEF. Under the Successor Shareholders Agreement, CIPEF has agreed to take all action (including without limitation the voting of shares, the execution of written consents, the calling of special meetings, the removal of directors, the filling of vacancies on the Board of Directors, the waiving of notice and attendance at meetings, the amendment of Golden Telecom's by-laws and the like) necessary from time to time to maintain the composition of the Board of Directors specified in Section 3 of the Successor Shareholders Agreement in accordance with the terms of such provisions. As noted above, each of the Reporting Parties disclaims beneficial ownership of all shares of Common Stock beneficially owned by RTK, Alfa Telecom, Telenor, Cavendish and First NIS Fund. Item 5(c) is hereby amended by inserting the following after the first paragraph: CIPEF sold the following shares of Common Stock within the last 60 days under a trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 (see Item 6 for a description of the Sales Plan). DATE NO. OF SHARES PRICE PER SHARE ---- ------------- --------------- 08/16/2005 8,440 $29 08/17/2005 5,776 $29.03 08/17/2005 700 $29.02 08/17/2005 1,900 $29.01 08/17/2005 1,284 $29 08/18/2005 1,200 $29 08/18/2005 660 $29.03 08/19/2005 1,440 $29 08/19/2005 100 $29.01 08/19/2005 500 $29.03 08/19/2005 1,600 $29.04 08/19/2005 500 $29.05 08/19/2005 100 $29.07 08/19/2005 760 $29.10 08/22/2005 2,500 $29 08/22/2005 300 $29.01 08/22/2005 200 $29.03 08/22/2005 79 $29.04 08/22/2005 2,600 $29.05 08/22/2005 200 $29.06 08/22/2005 100 $29.07 08/22/2005 6,824 $29.08 08/22/2005 1,803 $29.10 08/22/2005 400 $29.12 08/22/2005 5,100 $29.13 08/22/2005 100 $29.14 08/22/2005 1,958 $29.15 08/22/2005 4,472 $29.16 08/22/2005 4,928 $29.17 08/22/2005 1,093 $29.18 08/22/2005 100 $29.19 08/22/2005 500 $29.20 08/22/2005 200 $29.22 08/22/2005 1,783 $29.23 08/22/2005 2,100 $29.24 08/23/2005 9,939 $29 08/23/2005 2,000 $29.14 08/23/2005 1,000 $29.17 08/23/2005 1,500 $29.20 08/23/2005 300 $29.22 08/23/2005 1 $29.34 08/24/2005 2,880 $29 08/24/2005 4,309 $29.01 08/24/2005 6,400 $29.02 08/24/2005 3,586 $29.03 08/24/2005 1,561 $29.04 08/24/2005 3,864 $29.05 08/25/2005 85 $29.50 08/25/2005 1,015 $29.51 08/26/2005 12,339 $29.50 08/31/2005 28,021 $29.50 09/01/2005 20,900 $29.50 09/02/2005 4,100 $29.89 09/02/2005 2,569 $29.81 09/02/2005 2,200 $29.72 09/02/2005 2,000 $29.73 09/02/2005 1,900 $29.82 09/02/2005 1,891 $29.77 09/02/2005 1,600 $29.68 09/02/2005 1,600 $29.79 09/02/2005 1,303 $29.75 09/02/2005 1,300 $29.78 09/02/2005 1,200 $29.74 09/02/2005 1,100 $29.59 09/02/2005 1,100 $29.87 09/02/2005 1,000 $29.66 09/02/2005 1,000 $29.92 09/02/2005 900 $29.80 09/02/2005 787 $29.84 09/02/2005 700 $29.60 09/02/2005 500 $29.69 09/02/2005 450 $29.76 09/02/2005 400 $29.71 09/02/2005 400 $29.86 09/02/2005 300 $29.63 09/02/2005 300 $29.85 09/02/2005 300 $29.88 09/02/2005 200 $29.62 09/02/2005 200 $29.65 09/02/2005 200 $29.67 09/02/2005 200 $29.91 09/02/2005 100 $29.83 09/06/2005 20,000 $30 09/06/2005 240 $29.84 09/06/2005 5,000 $29.80 09/06/2005 200 $29.77 09/06/2005 300 $29.74 09/06/2005 360 $29.72 09/06/2005 100 $29.69 09/07/2005 20,250 $30 09/08/2005 34,650 $30 09/09/2005 27,650 $30 09/12/2005 5,200 $30 09/15/2005 56,189 $30 ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Item 6 is hereby further amended by adding the following paragraph (e) after existing paragraph (d): (e) On August 15, 2005, CIPEF entered into a Rule 10b5-1 Sales Plan and Client Representations (the "Sales Plan") with Merrill Lynch, Pierce, Fenner & Smith Incorporated that complies with Rule 10b5-1 under the Securities Exchange Act of 1934. The Sales Plan is effective from August 16, 2005 to February 15, 2006 and will enable CIPEF to sell up to 500,000 shares. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 19, 2005 CAPITAL GROUP INTERNATIONAL, INC. By: /s/ Philip de Toledo ------------------------------------ Name: Philip de Toledo Title: Senior Vice President and Principal Financial Officer CAPITAL INTERNATIONAL, INC. By: /s/ Mark E. Brubaker ------------------------------------ Name: Mark E. Brubaker Title: Vice President and Counsel CAPITAL INTERNATIONAL INVESTMENTS, LLC By: Capital International, Inc. Its: Managing Member By: /s/ Mark E. Brubaker ------------------------------------ Name: Mark E. Brubaker Title: Vice President and Counsel CAPITAL INTERNATIONAL GLOBAL EMERGING MARKETS PRIVATE EQUITY FUND, L.P. By: Capital International Investments, LLC Its: General Partner By: Capital International, Inc. Its: Managing Member By: /s/ Mark E. Brubaker ------------------------------------ Name: Mark E. Brubaker Title: Vice President and Counsel EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Subscription Agreement* 99.2 Shareholders and Registration Rights Agreement* 99.3 Share Purchase Agreement, dated April 2, 2001, among Global TeleSystems, Inc., a Delaware corporation, Alfa Bank Holdings Limited, a company incorporated in the British Virgin Islands, Capital International Global Emerging Markets Private Equity Fund, L.P., a Delaware limited partnership, Cavendish Nominees Limited, a limited liability company organized and registered under the laws of Guernsey, and First NIS Regional Fund SICAV, a private institutional fund organized and registered under the laws of Luxembourg** 99.4 Stock Option Agreement, dated as of May 11, 2001, between Capital International Global Emerging Markets Private Equity Fund, L.P. and Global TeleSystems Europe Holdings B.V.**** 99.5 Standstill Agreement, dated as of March 31, 2001*** 99.6 Amendment, dated as of May 11, 2001, to Shareholders and Registration Rights Agreement**** 99.7 Shareholders Agreement dated as of May 11, 2001**** 99.8 Agreement among Reporting Parties in respect of Schedule 13D Filing*** 99.9 Shareholders Agreement, dated as of September 5, 2002***** 99.10 Standstill Agreement, dated as of September 5, 2002***** 99.11 Shareholders Agreement, dated as of August 19, 2003****** 99.12 Standstill Agreement, dated as of August 19, 2003****** 99.13 Registration Rights Agreement, dated as of August 19, 2003****** * Incorporated by reference to the Schedule 13D of the Reporting Parties dated December 27, 1999 (EDGAR Accession No. 0000895345-99-000575). ** Incorporated by reference to the Schedule 13D of Global TeleSystems, Inc., dated April 5, 2001(EDGAR Accession No. 0000950129-01-001961). *** Incorporated by reference to the amended Schedule 13D/A of the Reporting Parties dated April 12, 2001 (EDGAR Accession No. 0000895345-01-500046). **** Incorporated by reference to the amended Schedule 13D/A of the Reporting Parties dated May 22, 2001 (EDGAR Accession No. 0000895345-01-500175). ***** Incorporated by reference to the amended Schedule 13D/A of the Reporting Parties dated September 10, 2002 (EDGAR Accession No. 0000895345-02-000493). ****** Incorporated by reference to the amended Schedule 13D/A of the Reporting Parties dated August 22, 2003 (EDGAR Accession No. 0000895345-03-000570). SCHEDULE I DIRECTORS AND EXECUTIVE OFFICERS OF CAPITAL INTERNATIONAL, INC., CAPITAL GROUP INTERNATIONAL, INC. AND CAPITAL INTERNATIONAL INVESTMENTS, LLC The name, present principal occupation or employment, the business address and citizenship for each director and executive officer of Capital International, Inc. ("Capital International"), Capital Group International, Inc. ("CGII") and Capital International Investments, LLC ("Capital Investments") is set forth below. Present Principal Occupation or Name and Business Employment Business Address Citizenship ------------------ ----------- ----------------- ----------- Capital International --------------------- Walter P. Stern Senior Management 630 5th Avenue, 36th Fl U.S.A. New York, New York 10111-0121 David I. Fisher Portfolio Manager 11100 Santa Monica Boulevard, U.S.A. 15th Floor Los Angeles, CA 90025-3384 Shaw B. Wagener Portfolio Manager 333 S. Hope Street U.S.A. Los Angeles, CA 90071-1406 Philip de Toledo Principal Financial Officer 11100 Santa Monica Boulevard, U.S.A. 15th Floor Los Angeles, CA 90025-3384 Koenraad C. A. Foulon Portfolio Manager 40 Grosvenor Place Belgium London, England SW1X 7GG Peter C. Kelly Attorney 11100 Santa Monica Boulevard, U.S.A. 15th Floor Los Angeles, CA 90025-3384 Victor D. Kohn Portfolio Manager 11100 Santa Monica Boulevard, Chile 15th Floor Los Angeles, CA 90025-3384 Lam Nguyen-Phuong Private Equity Research Director 1 Raffles Place U.S.A. #24-00 OUB Centre Singapore 0104 Carl Kawaja Portfolio Manager One Market, Steuart Tower Canada Suite 1800 San Francisco, CA 94105-1409 Mike Felix Accounting & Operations 135 South State College Blvd. U.S.A. Brea, CA 92821-5823 CGII ---- David I. Fisher Portfolio Manager 11100 Santa Monica Boulevard, U.S.A. 15th Floor Los Angeles, CA 90025-3384 Richard C. Barker Portfolio Manager One Market, Steuart Tower, U.S.A. Suite 1800 San Francisco, CA 94105-1409 Philip de Toledo Principal Financial Officer 11100 Santa Monica Boulevard, U.S.A. 15th Floor Los Angeles, CA 90025-3384 Walter P. Stern Senior Management 630 5th Avenue, 36th Fl U.S.A. New York, New York 10111-0121 Antonio Vegezzi Senior Management 28, Boulevard du Pont D'Arve Switzerland 1205 Geneva, Switzerland Nilly Sikorsky Portfolio Manager 3 Place des Bergues Switzerland 1201 Geneva, Switzerland Robert Ronus Senior Management 333 South Hope Street U.S.A. Los Angeles, CA 90071-1447 Shaw B. Wagener Portfolio Manager 333 S. Hope Street U.S.A. Los Angeles, CA 90071-1406 Peter C. Kelly Attorney 11100 Santa Monica Boulevard, U.S.A. 15th Floor Los Angeles, CA 90025-3384 Michael D. Beckman Senior Business Manager 333 S. Hope Street U.S.A. Los Angeles, CA 90071-1406 Capital Investments ------------------- Koenraad C. A. Foulon Portfolio Manager 40 Grosvenor Place Belgium London, England SW1X 7GG