Exhibit 99.2



EXULT, INC. AND SUBSIDIARIES



Supplemental Schedule  Schedule II

Valuation and Qualifying Accounts

(amounts in thousands)



|                                                                                    |  |                              |        |                                 |   |        |                                       |  |   |                      |     |  |                         |        |      |  |   |       
|----------------------------------------------------------------------------------- |  | ---------------------------- | ------ | ------------------------------- | - | ------ | ------------------------------------- |  | - | -------------------- | --- |  | ----------------------- | ------ | ---- |  | - | ------
|Column A                                                                            |  | Column B                     |        | Column C                        |   |        | Column D                              |  |   | Column E            
|                                                                                    |  |                              |        | Additions                       |   |        |                                       |  |   |                     
|Description                                                                         |  | Balance atBeginningof period |        | (1) Charged to costsandExpenses |   |        | (2) Charged tootheraccounts describe |  |   | Deductions describe |     |  | Balance atEnd of period
|Accumulated Depreciation and Amortization  Fixed Assets and Direct Contract Costs: |  |                              |        |                                 |   |        |                                       |  |   |                      |     |  |                         |        |      |  |   |       
|2003                                                                                |  | $                            | 28,122 |                                 | $ | 23,056 | (g)                                   |  | $ |                     |     |  | $                       | 747    | (b)  |  | $ | 51,925
|2002                                                                                |  |                              | 12,024 |                                 |   | 16,430 |                                       |  |   |                     |     |  |                         | 332    | (a)  |  |   | 28,122
|2001                                                                                |  |                              | 3,525  |                                 |   | 8,514  |                                       |  |   |                     |     |  |                         | 15     | (b)  |  |   | 12,024
|Accumulated Amortization  Intangible Assets:                                       |  |                              |        |                                 |   |        |                                       |  |   |                      |     |  |                         |        |      |  |   |       
|2003                                                                                |  |                              | 8,773  |                                 |   | 2,262  |                                       |  |   | 5,127                | (c) |  |                         | (2,390 | )(d) |  |   | 13,772
|2002                                                                                |  |                              | 6,984  |                                 |   | 938    |                                       |  |   | 3,781                | (c) |  |                         | 2,930  | (d)  |  |   | 8,773 
|2001                                                                                |  |                              | 4,592  |                                 |   | 2,923  |                                       |  |   | 2,490                | (c) |  |                         | 3,021  | (d)  |  |   | 6,984 
|Accumulated Amortization  Other Assets:                                            |  |                              |        |                                 |   |        |                                       |  |   |                      |     |  |                         |        |      |  |   |       
|2003                                                                                |  |                              | 186    |                                 |   | 344    |                                       |  |   |                     |     |  |                         |       |      |  |   | 530   
|2002                                                                                |  |                              |       |                                 |   | 186    |                                       |  |   |                     |     |  |                         |       |      |  |   | 186   
|2001                                                                                |  |                              |       |                                 |   |       |                                       |  |   |                     |     |  |                         |       |      |  |   |      
|Accrued Severance and Related Costs:                                                |  |                              |        |                                 |   |        |                                       |  |   |                      |     |  |                         |        |      |  |   |       
|2003                                                                                |  |                              | 3,122  |                                 |   |       |                                       |  |   |                     |     |  |                         | 2,522  | (f)  |  |   | 600   
|2002                                                                                |  |                              | 11,484 |                                 |   | 2,505  |                                       |  |   |                     |     |  |                         | 10,867 | (e)  |  |   | 3,122 
|2001                                                                                |  |                              |       |                                 |   | 15,434 |                                       |  |   |                     |     |  |                         | 3,950  | (f)  |  |   | 11,484

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|(a) | Represents foreign currency adjustment and retirements of certain Fixed Assets and Direct
Contract Costs.
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|(b) | Represents foreign currency adjustment.
|--- | ---------------------------------------



|(c) | Amortization is charged against revenue.
|--- | ----------------------------------------



|(d) | Arises from retirements of certain Intangible Assets.
|--- | -----------------------------------------------------



|(e) | Comprised of cash payments of $8,558 and a reduction of $2,309 as a result of completion of
certain of the arrangements at amounts less than previously estimated and changes in certain estimates with regard to the remaining arrangements.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(f) | Cash payments.
|--- | --------------



|(g) | Includes accumulated depreciation of $2,195 related to the acquisition of certain legal
entities and assets on June 9, 2003.
|--- | ----------------------------------------------------------------------------------------------------------------------------