The Board made the following decisions with regard to the FIN 46 Amendment at its October 29, 2003 meeting:

*1 If an initially consolidated VIE is a "business," as defined in EITF 98-3, Determining Whether a Nonmonetary Transaction Involves Receipt of Productive Assets or of a Business, the VIE's primary beneficiary may record goodwill. This is consistent with a prior decision to eventually amend FIN 46 as part of phase two (Purchase Method Procedures) of the Business Combinations Project.

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