**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

| **x** | **QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934** |
|-------|------------------------------------------------------------------------------------------------------------------------------------------|

**December      31, 2005**

| **o** | **TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934** |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | **WVS                    Financial Corp.**                                      |   |
|--------|---------------------------------------------------------------------------------|--------|
|   | (Exact                    name of registrant as specified in its charter)  |   |

| **Pennsylvania**                                                                                |   | **25-1710500**                                                           |
|-------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|
| (State                  or other jurisdiction ofincorporation                  or organization) |   | (I.R.S.                  EmployerIdentification                  Number) |

| **9001                  Perry Highway****Pittsburgh,                  Pennsylvania** |   |  **15237**             |
|--------------------------------------------------------------------------------------|--------|-----------------------------|
| (Address                  of principal executive offices)                            |   | (Zip                  Code) |

|   | **(412)                  364-1911**                                   |   |
|--------|-----------------------------------------------------------------------|--------|
|   | (Registrant's                  telephone number, including area code) |   |

| YES                ý                NO                o |
|--------------------------------------------------------------|

| Large                accelerated filer o     Accelerated                filer o     Non-accelerated                filer ý  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| YES                o                NO                ý  |
|--------------------------------------------------------------------|

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**INDEX**

| **PART                I.**  | **Financial                Information**                           | **Page** |
|-----------------------------|--------------------------------------------------------------------|----------|
|                        |                                                               |     |
| Item                1.      | Financial                Statements                                |     |
|                        |                                                               |     |
|                        | Consolidated                Balance Sheet as of                    |     |
|                        | December                31, 2005 and June 30, 2005                 |     |
|                        | (Unaudited)                                                        | 3        |
|                        |                                                               |     |
|                        | Consolidated                Statement of Income                    |     |
|                        | for                the Three and Six Months Ended                  |     |
|                        | December                31, 2005 and 2004 (Unaudited)              | 4        |
|                        |                                                               |     |
|                        | Consolidated                Statement of Cash Flows                |     |
|                        | for                the Six Months Ended December 31,               |     |
|                        | 2005                and 2004 (Unaudited)                           | 5        |
|                        |                                                               |     |
|                        | Consolidated                Statement of Changes in                |     |
|                        | Stockholders'                Equity for the Six Months             |     |
|                        | Ended                December 31, 2005 (Unaudited)                 | 7        |
|                        |                                                               |     |
|                        | Notes                to Unaudited Consolidated                     |     |
|                        | Financial                Statements                                | 8        |
|                        |                                                               |     |
| Item                2.      | Management's                Discussion and Analysis of             |     |
|                        | Financial                Condition and Results of                  |     |
|                        | Operations                for the Three and Six Months             |     |
|                        | Ended                December 31, 2005                             | 10       |
|                        |                                                               |     |
| Item                3.      | Quantitative                and Qualitative Disclosures            |     |
|                        | about                Market Risk                                   | 16       |
|                        |                                                               |     |
| Item                4.      | Controls                and Procedures                             | 21       |
|                        |                                                               |     |
| **PART                II.** | **Other                Information**                               | **Page** |
|                        |                                                               |     |
| Item                1.      | Legal                Proceedings                                   | 22       |
| Item                2.      | Unregistered                Sales of Equity Securities and         |     |
|                        | Use                of Proceeds                                     | 22       |
| Item                3.      | Defaults                Upon Senior Securities                     | 22       |
| Item                4.      | Submission                of Matters to a Vote of Security Holders | 22       |
| Item                5.      | Other                Information                                   | 22       |
| Item                6.      | Exhibits                                                           | 23       |
|                        | Signatures                                                         | 24       |

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**CONSOLIDATED      BALANCE SHEET**

**(UNAUDITED)**

|                                                                                                                                                      |   | December                31, 2005 |    | June                30, 2005 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|------------------------------|--------|
|          Assets                                                                                              |   |                             |    |                         |   |   |   |
| Cash                and due from banks                                                                                                                    |   | $                                | 1,097   |                         | $      | 900 |   |
| Interest-earning                demand deposits                                                                                                           |   |                             | 2,703   |                         |   | 2,666 |   |
| Total                cash and cash equivalents                                                                                                            |   |                             | 3,800   |                         |   | 3,566 |   |
| Investment                securities available-for-sale (amortized cost of  $                504 and $9,155)                                         |   |                             | 492     |                         |   | 9,155 |   |
| Investment                securities held-to-maturity (market value of  $192,417                 and $174,323)                                  |   |                             | 192,438 |                         |   | 173,911 |   |
| Mortgage-backed                securities available-for-sale (amortized cost of $2,251                and $2,893)                                         |   |                             | 2,381   |                         |   | 3,120 |   |
| Mortgage-backed                securities held-to-maturity (market value of $177,786                and $159,566)                                         |   |                             | 177,301 |                         |   | 159,031 |   |
| Net                loans receivable (allowance for loan losses of $1,008                and $1,121)                                                  |   |                             | 55,815  |                         |   | 60,151 |   |
| Accrued                interest receivable                                                                                                                |   |                             | 2,213   |                         |   | 2,057 |   |
| Federal                Home Loan Bank stock, at cost                                                                                                      |   |                             | 7,793   |                         |   | 7,769 |   |
| Premises                and equipment                                                                                                                     |   |                             | 873     |                         |   | 939 |   |
| Other                assets                                                                                                                               |   |                             | 1,123   |                         |   | 1,345 |   |
|         TOTAL                ASSETS                                                                               |   | $                                | 444,229 |                         | $      | 421,044 |   |
|                                                                                                                                                      |   |                             |    |                         |   |   |   |
|          Liabilities                and Stockholders’ Equity                                           |   |                             |    |                         |   |   |   |
| Liabilities:                                                                                                                                              |   |                             |    |                         |   |   |   |
| Savings                Deposits:                                                                                                                          |   |                             |    |                         |   |   |   |
|     Non-interest-bearing                accounts                                                                                      |   | $                                | 11,430  |                         | $      | 11,926 |   |
|     NOW                accounts                                                                                                       |   |                             | 21,506  |                         |   | 25,396 |   |
|     Savings                accounts                                                                                                   |   |                             | 39,433  |                         |   | 44,323 |   |
|     Money                market accounts                                                                                              |   |                             | 14,383  |                         |   | 13,625 |   |
|     Certificates                of                deposit                                                                             |   |                             | 63,353  |                         |   | 68,319 |   |
|     Advance                payments by borrowers for taxes and insurance                                                              |   |                             | 768     |                         |   | 1,117 |   |
|     Total                savings deposits                                                                                             |   |                             | 150,873 |                         |   | 164,706 |   |
| Federal                Home Loan Bank advances                                                                                                            |   |                             | 167,536 |                         |   | 155,036 |   |
| Other                borrowings                                                                                                                           |   |                             | 94,104  |                         |   | 69,680 |   |
| Accrued                interest payable                                                                                                                   |   |                             | 1,487   |                         |   | 1,260 |   |
| Other                liabilities                                                                                                                          |   |                             | 1,327   |                         |   | 1,161 |   |
|         TOTAL                LIABILITIES                                                                          |   | $                                | 415,327 |                         | $      | 391,843 |   |
|                                                                                                                                                      |   |                             |    |                         |   |   |   |
| Stockholders’                equity:                                                                                                                |   |                             |    |                         |   |   |   |
| Preferred                stock: 5,000,000                shares, no par value per share, authorized; none outstanding                                     |   | $                                | -       |                         | $      | - |   |
| Common                stock: 10,000,000                shares, $.01 par value per share, authorized; 3,762,618                and 3,762,618 shares issued |   |                             | 38      |                         |   | 38 |   |
| Additional                paid-in capital                                                                                                                 |   |                             | 20,726  |                         |   | 20,726 |   |
| Treasury                stock: 1,410,550 and 1,368,508 shares at cost, Respectively                                                                       |   |                             | (21,280 | )                            |   | (20,594 | ) |
| Retained                earnings, substantially restricted                                                                                                |   |                             | 29,343  |                         |   | 28,885 |   |
| Accumulated                other comprehensive income                                                                                                     |   |                             | 77      |                         |   | 149 |   |
| Unreleased                shares - Recognition and Retention Plans                                                                                        |   |                             | (2      | )                            |   | (3 | ) |
|     TOTAL                STOCKHOLDERS’ EQUITY                                                                                   |   | $                                | 28,902  |                         | $      | 29,201 |   |
|         TOTAL                LIABILITIES AND STOCKHOLDERS’ EQUITY                                           |   | $                                | 444,229 |                         | $      | 421,044 |   |

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENT OF INCOME**

**(UNAUDITED)**

|                                                                                      |   | Three                Months Ended |      | Six                Months Ended |   |
|-------------------------------------------------------------------------------------------|--------|-----------------------------------|-----------|---------------------------------|--------|
|                                                                                      |   | December                31,       |      | December                31,     |   |
|                                                                                      |   | 2005                              |      | 2004                            |   | 2005 |   | 2004 |   |
| INTEREST                AND DIVIDEND INCOME:                                              |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     Loans                                                             |   | $                                 | 999       |                            | $      | 1,057 |   | $ | 2,051 |   | $ | 2,152 |   |
|     Investment                securities                              |   |                              | 1,966     |                            |   | 2,227 |   |   | 3,822 |   |   | 4,951 |   |
|     Mortgage-backed                securities                         |   |                              | 2,269     |                            |   | 1,070 |   |   | 4,152 |   |   | 1,653 |   |
|     Interest-earning                deposits with other institutions  |   |                              | 5         |                            |   | 2 |   |   | 7 |   |   | 5 |   |
|     Federal                Home Loan Bank stock                       |   |                              | 54        |                            |   | 49 |   |   | 101 |   |   | 74 |   |
|     Total                interest and dividend income                 |   |                              | 5,293     |                            |   | 4,405 |   |   | 10,133 |   |   | 8,835 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| INTEREST                EXPENSE:                                                          |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     Deposits                                                          |   |                              | 756       |                            |   | 527 |   |   | 1,467 |   |   | 1,041 |   |
|     Federal                Home Loan Bank advances                    |   |                              | 2,027     |                            |   | 2,055 |   |   | 4,034 |   |   | 4,099 |   |
|     Other                borrowings                                   |   |                              | 1,001     |                            |   | 395 |   |   | 1,668 |   |   | 588 |   |
|         Total                interest expense     |   |                              | 3,784     |                            |   | 2,977 |   |   | 7,169 |   |   | 5,728 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| NET                INTEREST INCOME                                                        |   |                              | 1,509     |                            |   | 1,428 |   |   | 2,964 |   |   | 3,107 |   |
| PROVISION                (RECOVERY) FOR LOAN LOSSES                                       |   |                              | (45       | )                               |   | (7 | ) |   | (111 | ) |   | 72 |   |
| NET                INTEREST INCOME AFTER PROVISION                                        |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     (RECOVERY)                FOR                LOAN LOSSES          |   |                              | 1,554     |                            |   | 1,435 |   |   | 3,075 |   |   | 3,035 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| NON-INTEREST                INCOME:                                                       |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     Service                charges on deposits                        |   |                              | 92        |                            |   | 90 |   |   | 186 |   |   | 185 |   |
|     Investment                securities gains                        |   |                              | -         |                            |   | 99 |   |   | 30 |   |   | 335 |   |
|     Other                                                             |   |                              | 75        |                            |   | 77 |   |   | 157 |   |   | 154 |   |
|         Total                non-interest income  |   |                              | 167       |                            |   | 266 |   |   | 373 |   |   | 674 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| NON-INTEREST                EXPENSE:                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     Salaries                and                employee benefits      |   |                              | 488       |                            |   | 496 |   |   | 957 |   |   | 999 |   |
|     Occupancy                and                equipment             |   |                              | 100       |                            |   | 114 |   |   | 201 |   |   | 219 |   |
|     Data                processing                                    |   |                              | 68        |                            |   | 66 |   |   | 134 |   |   | 130 |   |
|     Correspondent                bank service charges                 |   |                              | 32        |                            |   | 33 |   |   | 68 |   |   | 68 |   |
|     Other                                                             |   |                              | 180       |                            |   | 194 |   |   | 396 |   |   | 365 |   |
|         Total                non-interest expense |   |                              | 868       |                            |   | 903 |   |   | 1,756 |   |   | 1,781 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| INCOME                BEFORE INCOME TAXES                                                 |   |                              | 853       |                            |   | 798 |   |   | 1,692 |   |   | 1,928 |   |
| INCOME                TAXES                                                               |   |                              | 243       |                            |   | 209 |   |   | 474 |   |   | 505 |   |
| NET                INCOME                                                                 |   | $                                 | 610       |                            | $      | 589 |   | $ | 1,218 |   | $ | 1,423 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| EARNINGS                PER SHARE:                                                        |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     Basic                                                             |   | $                                 | 0.26      |                            | $      | 0.24 |   | $ | 0.51 |   | $ | 0.58 |   |
|     Diluted                                                           |   | $                                 | 0.26      |                            | $      | 0.24 |   | $ | 0.51 |   | $ | 0.58 |   |
|                                                                                      |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
| AVERAGE                SHARES OUTSTANDING:                                                |   |                              |      |                            |   |   |   |   |   |   |   |   |   |
|     Basic                                                             |   |                              | 2,356,470 |                            |   | 2,445,349 |   |   | 2,372,062 |   |   | 2,449,269 |   |
|     Diluted                                                           |   |                              | 2,359,671 |                            |   | 2,451,242 |   |   | 2,375,483 |   |   | 2,455,084 |   |

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENT OF CASH FLOWS**

**(UNAUDITED)**

|                                                                                                                         |   | Six                Months Ended December                31, |    |
|------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|---------|
|                                                                                                                         |   | 2005                                                        |    | 2004 |   |
| OPERATING                ACTIVITIES                                                                                          |   |                                                        |    |   |   |   |   |
|                                                                                                                         |   |                                                        |    |   |   |   |   |
| Net                income                                                                                                    |   | $                                                           | 1,218   |   | $ | 1,423 |   |
| Adjustments                to reconcile net income to cash provided by operating activities:                                 |   |                                                        |    |   |   |   |   |
|     Provision                for                (recovery of) loan losses                                |   |                                                        | (111    | ) |   | 72 |   |
|     Depreciation                and amortization, net                                                    |   |                                                        | 87      |   |   | 90 |   |
|     Investment                securities gains                                                           |   |                                                        | (30     | ) |   | (329 | ) |
|     Amortization                of                discounts, premiums and deferred loan fees             |   |                                                        | (120    | ) |   | (266 | ) |
|     Sale                of                trading securities                                             |   |                                                        | -       |   |   | 1,000 |   |
|     Increase                in                accrued and deferred taxes                                 |   |                                                        | 206     |   |   | 136 |   |
|     (Increase)                decrease in accrued interest receivable                                    |   |                                                        | (156    | ) |   | 562 |   |
|     Increase                in                accrued interest payable                                   |   |                                                        | 227     |   |   | 103 |   |
|     Other,                net                                                                            |   |                                                        | 170     |   |   | 208 |   |
|         Net                cash provided by operating activities                     |   |                                                        | 1,491   |   |   | 2,999 |   |
|                                                                                                                         |   |                                                        |    |   |   |   |   |
| INVESTING                ACTIVITIES                                                                                          |   |                                                        |    |   |   |   |   |
|                                                                                                                         |   |                                                        |    |   |   |   |   |
| Available-for-sale:                                                                                                          |   |                                                        |    |   |   |   |   |
|     Purchases                of                investments and mortgage-backed securities                |   |                                                        | (700    | ) |   | (16,394 | ) |
|     Proceeds                from                repayments of investments and mortgage-backed securities |   |                                                        | 9,374   |   |   | 14,346 |   |
|     Proceeds                from                sale of investment securities                            |   |                                                        | 1,016   |   |   | 1,409 |   |
| Held-to-maturity:                                                                                                            |   |                                                        |    |   |   |   |   |
|     Purchases                of                investments                                               |   |                                                        | (75,448 | ) |   | (161,469 | ) |
|     Purchases                of                mortgage-backed securities                                |   |                                                        | (84,543 | ) |   | (78,805 | ) |
|     Proceeds                from                repayments of investments                                |   |                                                        | 56,981  |   |   | 210,295 |   |
|     Proceeds                from                repayments of mortgage-backed securities                 |   |                                                        | 65,973  |   |   | 35,321 |   |
| Decrease                in net loans receivable                                                                              |   |                                                        | 4,430   |   |   | 6,320 |   |
| Purchase                of Federal Home Loan Bank stock                                                                      |   |                                                        | (4,057  | ) |   | (4,057 | ) |
| Redemption                of Federal Home Loan Bank stock                                                                    |   |                                                        | 4,033   |   |   | 2,332 |   |
| Acquisition                of premises and equipment                                                                         |   |                                                        | (21     | ) |   | (38 | ) |
| Other,                net                                                                                                    |   |                                                        | 60      |   |   | - |   |
|         Net                cash (used for) provided by investing activities          |   |                                                        | (22,902 | ) |   | 9,260 |   |
|                                                                                                                         |   |                                                        |    |   |   |   |   |

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENT OF CASH FLOWS**

**(UNAUDITED)**

|                                                                                                |   | Six                Months Ended December                31, |   |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|--------|
|                                                                                                |   | 2005                                                        |   | 2004 |   |
| FINANCING                ACTIVITIES                                                                 |   |                                                        |   |   |   |   |   |
|                                                                                                |   |                                                        |   |   |   |   |   |
| Net                decrease in transaction and passbook accounts                                    |   |                                                        | (8,518 | ) |   | (2,076 | ) |
| Net                decrease in certificates of deposit                                              |   |                                                        | (4,966 | ) |   | (1,144 | ) |
| Net                increase in FHLB short-term advances                                             |   |                                                        | 12,500 |   |   | 35,400 |   |
| Net                (decrease) increase in other borrowings                                          |   |                                                        | 24,424 |   |   | (42,659 | ) |
| Repayments                of FHLB long-term advances                                                |   |                                                        | -      |   |   | - |   |
| Net                decrease in advance payments by borrowers for taxes and                insurance |   |                                                        | (349   | ) |   | (462 | ) |
| Net                proceeds from issuance of common stock                                           |   |                                                        | -      |   |   | - |   |
| Funds                used for purchase of treasury stock                                            |   |                                                        | (686   | ) |   | (365 | ) |
| Cash                dividends paid                                                                  |   |                                                        | (760   | ) |   | (785 | ) |
|     Net                cash provided by (used for) financing activities         |   |                                                        | 21,645 |   |   | (12,091 | ) |
|                                                                                                |   |                                                        |   |   |   |   |   |
|     Increase                in                cash and cash equivalents         |   |                                                        | 234    |   |   | 168 |   |
|                                                                                                |   |                                                        |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD                                 |   |                                                        | 3,566  |   |   | 3,054 |   |
|                                                                                                |   |                                                        |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS AT END OF THE PERIOD                                       |   | $                                                           | 3,800  |   | $ | 3,222 |   |
|                                                                                                |   |                                                        |   |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES OF CASH FLOW INFORMATION                                    |   |                                                        |   |   |   |   |   |
|                                                                                                |   |                                                        |   |   |   |   |   |
|    Cash                paid                during the period for:                    |   |                                                        |   |   |   |   |   |
|     Interest                on                deposits, escrows and borrowings  |   | $                                                           | 6,942  |   | $ | 5,625 |   |
|     Income                taxes                                                 |   | $                                                           | 230    |   | $ | 263 |   |
|                                                                                                |   |                                                        |   |   |   |   |   |
|                    Non-cash items:                                                   |   |                                                        |   |   |   |   |   |
|     Mortgage                Loan                Transferred to Other Assets     |   | $                                                           | 10     |   | $ | - |   |

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY**

**(UNAUDITED)**

|                                                                                                                                      |   |    Common Stock |   |   Additional                  Paid-In                  Capital |   |    Treasury                  Stock |   |  Retained                  Earnings Substantially Restricted |                     | Accumulated                  Other Compre-                  hensive                  Income |   |   Unallocated                  Shares Heldby                  RRP |   |     Total |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------------------------------------------------------------------------|--------|---------------------------------------------------|--------|-------------------------------------------------------------------|--------------------------|--------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|-------------------------------|--------|
| Balance                  at June 30, 2005                                                                                                 |   | $                                   | 38     |                                                                     | $      | 20,726                                            |   | $                                                                 | (20,594                  | )                                                                                                | $      | 28,885                                                                      |   | $                             | 149    |   | $ | (3 | ) | $ | 29,201 |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Comprehensive                  income:                                                                                                    |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|     Net                  Income                                                                                       |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   | 1,218                                                                       |   |                          |   |   |   |   |   |   | 1,218 |   |
|     Other                  comprehensive income:                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|          Change                in unrealized holding gains on                                |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|          securities,                   net of income                  tax effect of $47 |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          | (72    | ) |   |   |   |   | (72 | ) |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Comprehensive                  income                                                                                                     |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   | 1,146 |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Purchases                  of  treasury                  stock                                                                       |   |                                |   |                                                                     |   |                                              |   |                                                              | (686                     | )                                                                                                |   |                                                                        |   |                          |   |   |   |   |   |   | (686 | ) |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Accrued                compensation expense for Recognition                                                                               |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|     and                  Retention Plans (RRP)                                                                        |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   | 1 |   |   | 1 |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Exercise                  of stock options                                                                                                |   |                                | -      |                                                                     |   | -                                                 |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   | - |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Cash                  dividends declared                                                                                                  |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
|     ($0.32                  per share)                                                                                |   |                                |   |                                                                     |   |                                         |   |                                                              |      |                                                                                             |   | (760                                                                        | )      |                          |   |   |   |   |   |   | (760 | ) |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |
| Balance                  at December 31, 2005                                                                                             |   | $                                   | 38     |                                                                     | $      | 20,726                                            |   | $                                                                 | (21,280                  | )                                                                                                | $      | 29,343                                                                      |   | $                             | 77     |   | $ | (2 | ) | $ | 28,902 |   |
|                                                                                                                                      |   |                                |   |                                                                     |   |                                              |   |                                                              |                     |                                                                                             |   |                                                                        |   |                          |   |   |   |   |   |   |   |   |

----

**WVS      FINANCIAL CORP. AND SUBSIDIARY**

**NOTES      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**

**BASIS      OF PRESENTATION**

**RECENT      ACCOUNTING PRONOUNCEMENTS**

*Accounting      Changes and Errors Corrections, a replacement of APB Opinion No. 20 and FAS      No.      3*

**EARNINGS      PER SHARE**

|                                                                                                    |   | Three                Months Ended |       | Six                Months Ended |   |
|---------------------------------------------------------------------------------------------------------|--------|-----------------------------------|------------|---------------------------------|--------|
|                                                                                                    |   | December                31,       |       | December                31,     |   |
|                                                                                                    |   |                              |       |                            |   |   |   |   |   |
|                                                                                                    |   | 2005                              |       | 2004                            |   | 2005 |   | 2004 |   |
| Weighted                average common shares outstanding                                               |   |                              | 3,762,618  |                            |   | 3,762,968 |   |   | 3,762,618 |   |   | 3,762,968 |   |
|                                                                                                    |   |                              |       |                            |   |   |   |   |   |   |   |   |   |
| Average                treasury stock shares                                                            |   |                              | (1,406,148 | )                               |   | (1,317,619 | ) |   | (1,390,556 | ) |   | (1,313,699 | ) |
| Weighted              average common shares and common stock equivalents used to                        |   |                              |       |                            |   |   |   |   |   |   |   |   |   |
|     calculate                basic                earnings per                share |   |                              | 2,356,470  |                            |   | 2,445,349 |   |   | 2,372,062 |   |   | 2,449,269 |   |
|                                                                                                    |   |                              |       |                            |   |   |   |   |   |   |   |   |   |
| Additional              common stock equivalents (stock options) used to calculate                      |   |                              |       |                            |   |   |   |   |   |   |   |   |   |
|     diluted                earnings per share                                       |   |                              | 3,201      |                            |   | 5,893 |   |   | 3,421 |   |   | 5,815 |   |
|                                                                                                    |   |                              |       |                            |   |   |   |   |   |   |   |   |   |
| Weighted              average common shares and common stock equivalents used to                        |   |                              |       |                            |   |   |   |   |   |   |   |   |   |
|     calculate                diluted earnings per                share              |   |                              | 2,359,671  |                            |   | 2,451,242 |   |   | 2,375,483 |   |   | 2,455,084 |   |

----

**STOCK      BASED COMPENSATION DISCLOSURE**

**COMPREHENSIVE      INCOME**

|                                                                                               |   | Three                  Months Ended December                  31, |   | Six                  Months Ended December                  31, |   |
|----------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|-----------------------------------------------------------------|--------|
|                                                                                               |   | 2005                                                              |   | 2004                                                            |   | 2005 |   | 2004 |   |
|                                                                                               |   |                                                              |   |                                                            |   | (Dollars                  in Thousands) |   |   |   |   |   |
|                                                                                               |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                                                                        |   |                                                              |   |                                                            | $      | 610 |   |   |   |   | $ | 589 |   |   |   |   | $ | 1,218 |   |   |   |   | $ | 1,423 |   |
| Other                  comprehensive income (loss):                                                |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Unrealized                gains  (losses) on  available for sale |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                         securities                                   |   | $                                                                 | (31    | )                                                               |   |   |   | $ | 14 |   |   |   |   | $ | (89 | ) |   |   |   | $ | 24 |   |   |   |   |
|     Less:                Reclassification adjustment for gain included         |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            in net income              |   |                                                              | -      |                                                            |   |   |   |   | (99 | ) |   |   |   |   | (30 | ) |   |   |   |   | (335 | ) |   |   |   |
| Other                  comprehensive loss before tax                                               |   |                                                              |   |                                                            |   | (31 | ) |   |   |   |   | (85 | ) |   |   |   |   | (119 | ) |   |   |   |   | (311 | ) |
| Income                tax benefit related to other comprehensive                                   |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     income                  (loss)                                             |   |                                                              |   |                                                            |   | (17 | ) |   |   |   |   | (29 | ) |   |   |   |   | (47 | ) |   |   |   |   | (106 | ) |
| Other                  comprehensive loss, net of tax                                              |   |                                                              |   |                                                            |   | (14 | ) |   |   |   |   | (56 | ) |   |   |   |   | (72 | ) |   |   |   |   | (205 | ) |
| Comprehensive                  income                                                              |   |                                                              |   |                                                            | $      | 596 |   |   |   |   | $ | 533 |   |   |   |   | $ | 1,146 |   |   |   |   | $ | 1,218 |   |
|                                                                                               |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                               |   |                                                              |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

**ITEM      2.**

**MANAGEMENT'S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR      THE      THREE AND SIX MONTHS ENDED DECEMBER 31, 2005**

**FORWARD      LOOKING STATEMENTS**

**GENERAL**

**FINANCIAL      CONDITION**

----

**RESULTS      OF OPERATIONS**

**General**

**Net      Interest Income**

**Interest      Income.**

----

**Interest      Expense. **

----

**Provision      (Recovery) for Loan Losses**

**Non-Interest      Income**

**Non-Interest      Expense**

----

**LIQUIDITY      AND CAPITAL RESOURCES**

----

----

**ITEM      3.**

**QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

**ASSET      AND LIABILITY MANAGEMENT**

----

|   | 1) | $177.3                million or 98.7% of the Company’s portfolio of mortgage-backed securities                (including collateralized mortgage obligations - “CMOs”) were comprised of                floating rate instruments that reprice on a monthly                basis; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2) | $97.9                million or 50.8% of the Company’s investment portfolio was comprised of                fixed to floating rate U.S. Government Agency bonds which will reprice                as                follows: 3 months or less - $15.0 million; 3 - 6 months - $10.0 million;                6                - 12 months - $32.9 million; and over 1 year - $40.0                million; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3) | $50.5                million or 26.2% of the Company’s investment portfolio was comprised of                fixed-rate callable U.S. Government Agency bonds which are callable                as                follows: 6 months or less - $10.4 million; 6 - 12 months - $18.3                million;                1 - 2 years - $15.0 million; and over 2 years - $6.8                million; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4) | $30.1                million or 15.6% of the Company’s investment portfolio was comprised of                U.S. Government Agency Step-up bonds which will reprice as follows:                1 year                or less - $14.9 million from 4.00% to 7.00%; 1 - 2 years - $8.5 million                from 4.00% to 7.00%, $2.0 million from 4.40% to 7.00%, and $4.7 million                from 4.70% to 6.00%; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5) | an                aggregate of $30.7 million or 54.0% of the Company’s net loan portfolio                had adjustable interest rates or maturities of less than 12                months; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6) | the                maturity distribution of the Company’s borrowings is as follows: 1 month                or less - $118.9 million or 45.4%; 1 - 6 months - $4.1 million or                1.6%; 1                - 3 years - $3.0 million or 1.2%; 3 - 5 years - $91.1 million or                34.8%;                and over 5 years - $44.5 million or                17.0%. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                   |   | December                  31,           |    | June                  30, |   |
|--------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|---------|---------------------------|--------|
|                                                                                                   |   | 2005                                    |    | 2005                      |   | 2004 |   |
|                                                                                                   |   | (Dollars                  in Thousands) |    |
| Interest-earning                  assets maturing or repricing                  within one year        |   | $                                       | 342,788 |                      | $      | 318,015 |   | $ | 288,451 |   |
| Interest-bearing                  liabilities maturing or repricing                  within one year   |   |                                    | 212,063 |                      |   | 181,085 |   |   | 171,655 |   |
|                                                                                                   |   |                                    |    |                      |   |   |   |   |   |   |
| Interest                  sensitivity gap                                                              |   | $                                       | 130,725 |                      | $      | 136,930 |   | $ | 116,796 |   |
| Interest                  sensitivity gap as a percentage of total                  assets             |   |                                    | 29.4    | %                         |   | 32.5 | % |   | 26.9 | % |
| Ratio                  of assets to liabilities maturing                  or repricing within one year |   |                                    | 161.6   | %                         |   | 175.6 | % |   | 168.0 | % |

----

|                                         |                                          |   Month                  3 |    |   Month                  6 |   |   Month                  12 |   |   Month                  24 |    |   Month                  36 |   |   Month                  60 |   |   Long                  Term |    |
|----------------------------------------------|-----------------------------------------------|--------------------------------------|---------|--------------------------------------|--------|---------------------------------------|--------|---------------------------------------|---------|---------------------------------------|--------|---------------------------------------|--------|----------------------------------------|---------|
|                                         |  (Dollars                  in Thousands) |
|                                         |                                          |
| Base                  Case Up 200 bp         |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
| Cummulative                  Gap ($’s) |                                          |                                 | 47,996  |                                 |   | 61,332                                |   |                                  | 79,844  |                                  |   | 84,928                                |   |                                   | 99,498  |   |   | 5,384 |   |   | 26,650 |   |
| %                of Total                    |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
|                    Assets               |                                          |                                 | 10.8    | %                                    |   | 13.8                                  | %      |                                  | 18.0    | %                                     |   | 19.1                                  | %      |                                   | 22.4    | % |   | 1.2 | % |   | 6.0 | % |
| Base                  Case Up 100 bp         |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
| Cummulative                  Gap ($’s) |                                          |                                 | 55,289  |                                 |   | 53,924                                |   |                                  | 92,812  |                                  |   | 98,450                                |   |                                   | 113,171 |   |   | 18,817 |   |   | 26,650 |   |
| %                of Total                    |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
|                    Assets               |                                          |                                 | 12.4    | %                                    |   | 12.1                                  | %      |                                  | 20.9    | %                                     |   | 22.2                                  | %      |                                   | 25.5    | % |   | 4.2 | % |   | 6.0 | % |
| Base                  Case No Change         |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
| Cummulative                  Gap ($’s) |                                          |                                 | 55,767  |                                 |   | 87,724                                |   |                                  | 130,725 |                                  |   | 148,974                               |   |                                   | 161,342 |   |   | 67,679 |   |   | 26,650 |   |
| %                of Total               |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
|                    Assets               |                                          |                                 | 12.6    | %                                    |   | 19.7                                  | %      |                                  | 29.4    | %                                     |   | 33.5                                  | %      |                                   | 36.3    | % |   | 15.2 | % |   | 6.0 | % |
| Base                  Case Down 100 bp       |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
| Cummulative                  Gap ($’s) |                                          |                                 | 140,251 |                                 |   | 158,585                               |   |                                  | 160,605 |                                  |   | 170,772                               |   |                                   | 175,332 |   |   | 79,812 |   |   | 26,650 |   |
| %                of Total               |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
|                    Assets               |                                          |                                 | 31.6    | %                                    |   | 35.7                                  | %      |                                  | 36.2    | %                                     |   | 38.4                                  | %      |                                   | 39.5    | % |   | 18.0 | % |   | 6.0 | % |
| Base                  Case Down 200 bp       |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
| Cummulative                  Gap ($’s) |                                          |                                 | 142,953 |                                 |   | 163,220                               |   |                                  | 167,385 |                                  |   | 177,313                               |   |                                   | 179,947 |   |   | 80,370 |   |   | 26,650 |   |
| %                of Total               |                                          |                                 |    |                                 |   |                                  |   |                                  |    |                                  |   |                                  |   |                                   |    |   |   |   |   |   |   |   |
|                    Assets               |                                          |                                 | 32.2    | %                                    |   | 36.7                                  | %      |                                  | 37.7    | %                                     |   | 39.9                                  | %      |                                   | 40.5    | % |   | 18.1 | % |   | 6.0 | % |

----

|                                                                      |   | Modeled                  Change in Market Interest Rates |   |
|---------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|
| Estimated                  impact on:                                     |   | -200                                                     |   | -100 |   | 0 |   | +100 |   | +200 |   |
|                      Change in net interest income         |   |                                                     | -60.7  | % |   | -38.8 | % |   | 0.0 | % |   | 5.0 | % |   | 1.3 | % |
|                                                                      |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                      Return on average equity              |   |                                                     | 0.97   | % |   | 4.98 | % |   | 11.83 | % |   | 12.67 | % |   | 12.06 | % |
|                                                                      |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                      Return on average assets              |   |                                                     | 0.06   | % |   | 0.32 | % |   | 0.77 | % |   | 0.82 | % |   | 0.78 | % |
|                                                                      |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                      Market value of equity (in thousands) |   | $                                                        | 22,387 |   | $ | 28,604 |   | $ | 32,204 |   | $ | 30,968 |   | $ | 19,516 |   |

| Anticipated                  Transactions                                             |   |
|---------------------------------------------------------------------------------------|--------|
|                                                                                  |   | (Dollars                  in Thousands) |   |
| Undisbursed                  construction and                                    |   |   |   |   |
|     land                  development loans                       |   |   |   |   |
|         Fixed                  rate           |   | $ | 5,552 |   |
|                                               |   |   | 6.72 | % |
|                                                                                  |   |   |   |   |
|                          Adjustable rate |   | $ | 4,277 |   |
|                                                                   |   |   | 7.93 | % |
|                                                                                  |   |   |   |   |
| Undisbursed                  lines of credit                                          |   |   |   |   |
|       Adjustable                  rate                  |   | $ | 6,382 |   |
|                                                                   |   |   | 7.06 | % |
|                                                                                  |   |   |   |   |
| Loan                  origination commitments                                    |   |   |   |   |
|         Fixed                  rate           |   | $ | 998 |   |
|                                                                   |   |   | 7.04 | % |
|                                                                                  |   |   |   |   |
| Letters                  of credit                                               |   |   |   |   |
|         Adjustable                  rate      |   | $ | 815 |   |
|                                                                   |   |   | 8.26 | % |
|                                                                                  |   |   |   |   |
|                                                                                  |   |   |   |   |
|                                                                                  |   |   |   |   |
|                                                                                  |   | $ | 18,024 |   |

----

**ITEM      4. **

**CONTROLS      AND PROCEDURES**

----

**PART      II - OTHER INFORMATION**

**ITEM      1.**

**ITEM      1A**

|   | Not                applicable. |
|--------|--------------------------------|

**ITEM      2.**

|                                                 |
|------------------------------------------------------|
| ISSUER                PURCHASES OF EQUITY SECURITIES |

|    Period             |  Total                  Number                  of Shares Purchased |    Average                  Price Paid                  per Share ($) | Total                  Number of Shares                  Purchased as                  Part of Publicly Announced                  Plans or Programs                  1 | Maximum                  Number of Shares                  that May Yet Be                  Repurchased Under                  the Plans or Programs                  2 |
|--------------------------------------|--------------------------------------------------------------------------|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10/01/05                  - 10/31/05 | 0                                                                        |                                                                                 | 0.00                                                                                                                                                                    |                                                                                                                                                                              | 0 |   | 112,401 |   |
| 11/01/05                  - 11/30/05 | 0                                                                        |                                                                                 | 0.00                                                                                                                                                                    |                                                                                                                                                                              | 0 |   | 112,401 |   |
| 12/01/05                  - 12/31/05 | 4,500                                                                    |                                                                                 | 16.15                                                                                                                                                                   |                                                                                                                                                                              | 4,500 |   | 107,901 |   |
|     Total        | 4,500                                                                    |                                                                                 | 16.15                                                                                                                                                                   |                                                                                                                                                                              | 4,500 |   | 107,901 |   |

|   | (1) | All                shares indicated were purchased under the Company’s Eighth Stock                Repurchase Program |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Eighth                Stock Repurchase Program |
|--------|-----|------------------------------------------------|

|   | (a) | Announced                September 27, 2005. |
|--------|-----|----------------------------------------------|

|   | (b) | 125,000                common shares approved for                repurchase. |
|--------|-----|------------------------------------------------------------------------------|

|   | (c) | No                fixed date of expiration. |
|--------|-----|---------------------------------------------|

|   | (d) | This                program has not expired and has 107,901 shares remaining to be purchased                at December 31, 2005. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Not                applicable. |
|--------|-----|--------------------------------|

**ITEM      3.    **

**ITEM      4.    **

**ITEM      5.    **

----

**ITEM      6.  **

| Number |   | Description                                                                                            |   | Page |
|--------|--------|--------------------------------------------------------------------------------------------------------|--------|------|
| 31.1   |   | Rule                13a-14(a) / 15d-14(a) Certification of the Chief Executive                Officer  |   | E-1  |
| 31.2   |   | Rule                13a-14(a) / 15d-14(a) Certification of the Chief Accounting                Officer |   | E-2  |
| 32.1   |   | Section                1350 Certification of the Chief Executive Officer                               |   | E-3  |
| 32.2   |   | Section                1350 Certification of the Chief Accounting Officer                              |   | E-4  |
| 99     |   | Report                of Independent Registered Public Accounting Firm                                 |   | E-5  |

----

SIGNATURES

|                                   |                             |                                                                                                                                              |
|----------------------------------------|----------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                                   | WVS              FINANCIAL CORP. |
|                                   |                             |                                                                                                                                              |
|                                   |                             |                                                                                                                                              |
|  February                14, 2006 |  BY:                        |  /s/                David J. Bursic                                                                                                          |
| Date                                   |                             | David                J. BursicPresident                and Chief Executive Officer(Principal                Executive Officer)                    |
|                                   |                             |                                                                                                                                              |
|  February                14, 2006 |  BY:                        |  /s/                Keith A. Simpson                                                                                                         |
| Date                                   |                             | Keith                A. SimpsonVice-President,                Treasurer and Chief Accounting Officer(Principal                Accounting Officer) |