Document:

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                                                                  Exhibit 10.1

                         UNITED STATES DISTRICT COURT

                        NORTHERN DISTRICT OF CALIFORNIA

RANDALL THILL, individually and on behalf of ) CASE NO. 05-CV-4893 JCS
all others similarly situated,               )
                                             ) JOINT STIPULATION OF CLASS ACTION
         Plaintiff,                          ) SETTLEMENT AND RELEASE
                                             )
vs.                                          ) Hon. Joseph C. Spero
                                             )
EDWARD D. JONES & CO., L.P.                  )
                                             )
         Defendant.                          )
                                             )
                                             )
                                             )
                                             )
---------------------------------------------)

         This Joint Stipulation of Class Action Settlement and Release
("Stipulation" or "Settlement") is entered into between plaintiff RANDALL
THILL ("THILL"), individually and as a representative of the California Class
described herein, and defendant EDWARD D. JONES & CO., L.P. ("EDWARD JONES").
THILL and EDWARD JONES are jointly referred to herein as the "Parties."

                                   SECTION I

                                  DEFINITIONS
                                  -----------

         A. "ADMINISTRATION COSTS" means the fees and costs incurred by the
Claims Administrator to administer this Settlement, which amount shall not
exceed $100,000.

         B. "ATTORNEY'S FEE AWARD" means the attorney's fees actually awarded
by the Court to Class Counsel pursuant to Section VII below.

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         C. CALIFORNIA ACTION" shall mean the above-styled lawsuit currently
pending in the United States District Court for the Northern District of
California, entitled Randall Thill, individually and on behalf of all others
similarly situated v. Edward D. Jones & Co., L.P., Case No. 05-CV-4893JCS.

         D. "CALIFORNIA CLASS" or "CALIFORNIA CLASS MEMBERS" shall mean all
individuals (including THILL) who are or were employed by EDWARD JONES in
Covered Positions during the Covered Period in the State of California. The
Parties hereby stipulate that the California Class excludes those individuals
who are (or were) general partners, but only for that portion of the Covered
Period during which they were a general partner.

         E. "CALIFORNIA COURT" shall mean the United States District Court for
the Northern District of California, the Hon. Joseph C. Spero presiding.

         F. "CALIFORNIA JUDGMENT" shall mean entry of judgment granting final
approval of the California Settlement.

         G. "CALIFORNIA SETTLEMENT" shall mean the settlement reached in the
California Action and memorialized by and through this Stipulation.

         H. "CLAIM FORM" shall mean Exhibit 2 to this Stipulation.

         I. "CLAIM/EXCLUSION/OBJECTION DEADLINE" shall mean sixty (60)
calendar days following the date the Notice of Class Action Settlement is
mailed to California Class Members by the Claims Administrator, as specified
in Section IX of this Stipulation.

         J. "CLASS COUNSEL" shall mean Dostart Clapp Gordon & Coveney, LLP and
the Thierman Law Firm.

         K. "COMPENSABLE WORK MONTHS" means the total number of full or
partial months a California Class Member was employed by EDWARD JONES in a
Covered Position for at least 15 calendar days during the Covered Period. For
example, if a California Class Member was employed as an Investment
Representative in California from January 1, 2002 to April 16, 2002, that
individual's Compensable Work Months would be 4. Notwithstanding the
foregoing, in no event shall a California Class Member's Compensable Work
Months be less than 1.

         L. "COVERED PERIOD" shall mean the time period between October 20,
2001 and the date the California Court preliminarily approves the California
Settlement.

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         M. "COVERED POSITIONS" shall mean the positions at EDWARD JONES of
Investment Representative, Financial Advisor, and/or salaried or commissioned
Financial Advisor Trainee (excluding Trainees paid at an hourly rate).

         N. "ENHANCEMENT AWARD" means the enhancement amount actually awarded
by the Court to THILL pursuant to Section VIII below.

         O. "LITIGATION EXPENSES AWARD" means the litigation expenses actually
awarded by the Court to Class Counsel pursuant to Section VII below.

         P. "MONTHLY PAYMENT" shall mean the Net Settlement Consideration
divided by the total number of Compensable Work Months for all Participating
California Class Members.

         Q. "NATIONAL ACTION" shall mean the consolidated class/collective
action pending in the United States District Court for the Western District of
Pennsylvania styled James E. Ellis, et al. v. Edward D. Jones & Co. L.P., Case
No. 3:06-cv-00066-KRG. The National Action incorporates the following four
actions: James Ellis v. Edward D. Jones & Co., L.P. (W.D. Pa. 2006), Gerald
Booher v. Edward D. Jones & Co., L.P. (W.D. Pa. 2006); Ani Weaver, on behalf
of herself and all others similar situated v. Edward D. Jones & Co., L.P.
(W.D. Pa. 2007); and Jack O'Brien, Joshua Dent, individually and on behalf of
all others similarly situated v. Edward D. Jones & Co., L.P. (W.D. Pa. 2007).

         R. "NATIONAL CLASS" or "NATIONAL CLASS MEMBERS" shall have the same
meanings as those terms are used in the Joint Stipulation of Class Action
Settlement and Release in the National Action.

         S. "NATIONAL JUDGMENT" shall mean entry of judgment granting final
approval of the National Settlement.

         T. "NATIONAL SETTLEMENT" shall mean the settlement reached in the
National Action and memorialized by and through the National Stipulation.

         U. "NATIONAL STIPULATION" shall mean the Joint Stipulation of Class
Action Settlement and Release in the National Action.

         V. "NET SETTLEMENT CONSIDERATION" means the Settlement Consideration
(including all accrued interest) less the Attorney's Fee Award, Litigation
Expenses Award, Enhancement Award, the Administration Costs, and the Set
Aside.

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         W. "NOTICE OF CLASS ACTION SETTLEMENT" or "NOTICE" shall mean Exhibit
1 to this California Stipulation, or any comparable Notice that is approved by
the Parties and the California Court.

         X. "PARTICIPATING CALIFORNIA CLASS MEMBERS" shall mean California
Class Members who will receive settlement payments under Section IX of this
Stipulation.

         Y. "PENNSYLVANIA COURT" shall mean the United States District Court
for the Western District of Pennsylvania.

         Z. "PRELIMINARY APPROVAL DATE" shall mean the later of the date on
which the California Court enters an order granting preliminary approval of
the California Settlement or the date on which the Pennsylvania Court enters
and order granting preliminary approval of the National Settlement.

         AA. "REQUEST FOR EXCLUSION FORM" shall mean Exhibit 3 or any
comparable form that is approved by the Parties and the California Court.

         BB. "SET ASIDE" means the sum of $200,000, which amount shall be used
to pay any untimely or disputed claims at the discretion of the Claims
Administrator after consultation with the Parties.

         CC. "SETTLEMENT ACCOUNT" shall mean an interest-bearing account at a
non-affiliated financial institution of EDWARD JONES' choosing, into which the
Settlement Consideration shall be deposited.

         DD. "SETTLEMENT CONSIDERATION" shall mean the funds in the Settlement
Account, including all interest accruing thereon.

         EE. "SETTLEMENT EFFECTIVE DATE" shall mean the latest of the
following dates: (1) thirty-one (31) calendar days following the date of entry
of the California Judgment, if no timely notice of appeal of the California
Judgment is filed; (2) if a notice of appeal of the California Judgment is
timely filed, the date the appeal of the California Judgment is dismissed or
denied and the California Judgment is no longer subject to appeal or other
appellate review; (3) thirty-one (31) calendar days following the date of
entry of the National Judgment, if no timely notice of appeal of the National
Judgment is filed; or (4) if a notice of appeal of the National Judgment is
timely filed, the date the appeal of the National Judgment is dismissed or
denied and the National Judgment is no longer subject to appeal or other
appellate review. Notwithstanding the foregoing, in no event shall any appeal
of the award of attorney's fees, litigation expenses, or plaintiff
enhancements in the National Action delay the Settlement Effective Date.

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                                  SECTION II

                              FACTUAL BACKGROUND
                              ------------------

         A. This is a class action lawsuit seeking recovery of overtime pay
and reimbursement of business-related expenses on behalf of individuals who
were employed by EDWARD JONES in the positions of Investment Representative,
Financial Advisor, or salaried or commissioned Financial Advisor Trainee
(excluding Trainees paid at an hourly rate) (collectively "Financial
Advisors") in the State of California.

         B. On October 21, 2005, THILL filed the California Action in the
Alameda County Superior Court, where it was assigned Case No. 05-238186. On
November 29, 2005, EDWARD JONES removed the California Action to the U.S.
District Court for the Northern District of California, where it was assigned
Case No. 05-4893.

         C. In his original complaint, which remains the operative complaint,
THILL alleges the following claims: (1) restitution of overtime wages due
under the Fair Labor Standards Act, 29 U.S.C. section 201 et seq. ("FLSA")
                                                          -------
pursuant to the California Unfair Competition Law, Cal. Bus. & Prof. Code
section 17200 et. seq. ("UCL"); (2) restitution of overtime wages due under
              --------
California law, including Wage Order 4-2001, 8 C.C.R. section 11040 and the
UCL; (3) recovery of overtime wages due under California law, pursuant to
California Labor Code section 1194; (4) restitution of unlawful wage
deductions under California law, pursuant to California Labor Code sections
221, 224, 300 and the UCL; (5) damages under California Labor Code section
226.7 for missed rest and meal breaks; (6) restitution of business-related
expenses under California law pursuant to California Labor Code sections 2802,
221, 400-410 and the UCL; (7) recovery of business-related expenses under
California Labor Code section 2802; and (8) waiting time penalties under
California Labor Code section 203.

         D. Shortly after the California Action was filed, several actions
asserting wage-and-hour claims on behalf of EDWARD JONES Financial Advisors
outside the State of California were filed. Those actions, which asserted
federal Fair Labor Standards Act claims and/or various non-California state
claims, are now consolidated before the United States District Court for the
Western District of Pennsylvania under the case styled James E. Ellis, et al.
v. Edward D. Jones & Co. L.P., 3:06-cv-00066-KRG (i.e., the "National
Action").

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         E. The Parties (as well as representatives for the parties in the
National Action) attended two mediations in this case. The first occurred on
March 5 and 6, 2007 before Hunter Hughes, Esq., a well-respected mediator.
That mediation was unsuccessful. The second mediation occurred on July 11,
2007 before David A. Rotman, Esq., another well-respected mediator. At the end
of the second mediation, the Parties from both the California Action and the
National Action executed a document entitled "Memorandum of Agreement," which
sets forth the essential terms of both the California Settlement and the
National Settlement.

         F. This Stipulation, and the exhibits referenced hereto, contains all
of the agreements between the Parties and their counsel concerning the
California Action and the California Settlement. Upon its execution by all
Parties, this Stipulation will supersede the July 11, 2007 Memorandum of
Agreement as it pertains to the California Settlement. (The National
Settlement will be the subject of a separate stipulation of settlement, to be
administered by the Pennsylvania Court.) There are no undisclosed side
agreements between the Parties or their counsel regarding the Settlement, and
no extrinsic oral or written representations or terms shall modify, vary or
contradict the terms of the California Stipulation. At all times, the
negotiations leading to the Settlement were adversarial, non-collusive, and at
arm's-length.

         G. Both the California Stipulation and the National Stipulation are
contingent upon the final, non-appealable approval of both the California
Settlement and the National Settlement by the California Court and the
Pennsylvania Court, respectively.

         H. EDWARD JONES denies any liability or wrongdoing of any kind
associated with any of the facts or claims alleged in the California Action.
The Parties understand and agree that this Settlement represents a compromise
of disputed claims. Nothing contained in this Stipulation, nor the fact of
this Stipulation itself, shall be construed as an admission of liability or
wrongdoing on the part of EDWARD JONES. Pursuant to Federal Rules of Evidence
408 and California Evidence Code sections 1152 and 1154, this Stipulation, and
the exhibits hereto, shall be inadmissible in any proceeding, except as
necessary to effectuate the Settlement.

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                                  SECTION III

                 RIGHT TO WITHDRAW FROM CALIFORNIA STIPULATION
                 ---------------------------------------------

         A. Either Party may withdraw from this Stipulation upon the
occurrence of any of the following events, but only if the withdrawing Party
gives written notice to the other Party no later than five (5) court days
following the event giving rise to the right to withdraw:

                  1. The California Court enters an order denying with
prejudice the motion for preliminary approval of the California Settlement;

                  2. The California Court enters an order denying with
prejudice the motion for final approval of the California Settlement;

                  3. The Pennsylvania Court enters an order denying with
prejudice the motion for preliminary approval of the National Settlement;

                  4. The Pennsylvania Court enters an order denying with
prejudice the motion for final approval of the National Settlement; or

                  5. The Claims Administrator reports pursuant to Section IX.P
below that more than ten percent (10%) of the California Class Members or more
than ten percent (10%) of the National Class members have timely requested
exclusion from the Settlement.

         B. If a Party exercises its right to withdraw from this Stipulation
in accordance with Section III.A above, then:

                  1. The Stipulation shall be deemed void ab initio, and of no
                                                          ---------
further force or effect;

                  2. If the California Class has already been certified, the
Parties will jointly move, as soon as practicable, to decertify the California
Class; and

                  3. The withdrawing Party shall pay the entire costs and fees
of the Claims Administrator (defined below) incurred through the date of the
Party's withdrawal.

                                  SECTION IV

                              CLASS CERTIFICATION
                              -------------------

         A. For settlement purposes only, the Parties stipulate to class
certification of California Class with respect to the Settled Claims (defined
below in Section X).

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         B. The Parties further stipulate for settlement purposes only that
THILL shall be appointed as the Class Representative, and Dostart Clapp Gordon
& Coveney, LLP and Thierman Law Firm shall be appointed as Class Counsel.

                                   SECTION V

                           SETTLEMENT CONSIDERATION
                           ------------------------

         A. No later than five (5) court days following the date the
California Court enters an order preliminarily approving the California
Settlement, EDWARD JONES will deposit the total sum of Twenty One Million
Dollars and No Cents ($21,000,000.00) into the Settlement Account. EDWARD
JONES will cause the Settlement Consideration to be invested in short-term
U.S. Treasury securities with maturity dates of less than 90 days at the time
of the deposit. No later than two (2) court days following the deposit, EDWARD
JONES will: (1) confirm in writing to Class Counsel that the deposit has, in
fact, been made; (2) provide Class Counsel with the name, address, telephone
number, and a contact person at the financial institution holding the
Settlement Account; and (3) disclose the rate of interest on the Settlement
Account. In no event shall EDWARD JONES withdraw, transfer, pledge, impair, or
otherwise make use of the funds in the Settlement Account except as permitted
under this Stipulation.

         B. The Settlement Consideration will be used to pay:

                  1. Settlement payments to the Participating California Class
Members (as discussed in Section IX below);

                  2. The Attorney's Fee Award and the Litigation Expenses
Award, subject to approval by the Court (as discussed in Section VII below);

                  3. The Enhancement Award, subject to approval by the Court
(as discussed in Section VIII below); and

                  4. The Administration Costs.

         C. EDWARD JONES understands and agrees that that this is a
non-reversionary settlement. In other words, if the California Settlement is
approved, no portion of the Settlement Consideration will revert to EDWARD
JONES.

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         D. EDWARD JONES understands and agrees that it will be responsible to
pay the employer's share of payroll taxes and withholding, separate and apart
from, and in addition to, the Settlement Consideration.

                                  SECTION VI

                             CLAIMS ADMINISTRATOR
                             --------------------

         The Parties designate Rust Consulting as the Claims Administrator.
The Claims Administrator will be responsible for locating California Class
Members, mailing the Notices, mailing reminder postcards, collecting the Claim
Forms and Request for Exclusion Forms, responding to California Class Member
inquiries, issuing settlement checks, and performing such other duties as the
Parties may direct. Ten (10) court days following the Settlement Effective
Date, the Claims Administrator may deduct the Administration Costs from the
Settlement Consideration.

                                  SECTION VII

            PROPOSED ATTORNEY'S FEES AND EXPENSES OF CLASS COUNSEL
            ------------------------------------------------------

         Subject to Court approval, Class Counsel will move for an award of
attorney's fees of up to twenty-five percent (25%) of the Settlement
Consideration, plus up to $75,000 in litigation expenses incurred by Class
Counsel in the California Action. EDWARD JONES will not oppose these motions
so long as they are consistent with the provisions of this Section. No later
than ten (10) court days following the Settlement Effective Date, the Claims
Administrator will pay to Class Counsel from the Settlement Consideration the
attorney's fees and litigation expenses that are actually awarded by the Court
(which amounts are referred to herein as the "Attorney's Fee Award" and the
"Litigation Expenses Award," respectively). The effectiveness of this
Settlement is not conditioned upon any specific Attorney's Fee Award or
Litigation Expenses Award by the Court.

                                 SECTION VIII

                 PROPOSED ENHANCEMENT FOR CLASS REPRESENTATIVE
                 ---------------------------------------------

         Subject to Court approval, Class Counsel will move for an enhancement
award to the Class Representative of up to $25,000 to compensate him for the
time he spent, and the risk he undertook, in filing and participating in the
California Action. No later than ten (10) court days following the

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Settlement Effective Date, the Claims Administrator shall pay to the Class
Representative from the Settlement Consideration the enhancement that is
awarded by the Court (which amount is referred to herein as the "Enhancement
Award"). EDWARD JONES will not oppose any motion seeking an enhancement
payment that is consistent with the provisions of this Section. The
effectiveness of this Settlement is not conditioned upon any specific
Enhancement Award by the Court.

                                  SECTION IX

                          NOTICE AND CLAIM PROCEDURE
                          --------------------------

         A. No later than ten (10) court days following the Preliminary
Approval Date, EDWARD JONES will provide to Class Counsel and the Claims
Administrator an electronic database ("Database") containing the following
information with respect to each California Class Member: (1) his or her name;
(2) his or her last-known home address; (3) his or her last-known home
telephone number; (4) his or her social security number; and (5) his or her
dates of employment in each Covered Position during the Covered Period. The
Database will be true and correct to the best of EDWARD JONES' knowledge.
Neither Class Counsel nor the Claims Administrator shall use the Database for
any purpose other than to administer the California Settlement.

         B. No later than thirty (30) court days following the Preliminary
Approval Date, the Claims Administrator shall mail to each California Class
Member the Notice of Class Action Settlement (attached hereto as Exhibit 1),
Claim Form (Exhibit 2), Request for Exclusion (Exhibit 3), and a
postage-prepaid return envelope (collectively the "Settlement Documents") to
that person's last-known address, as reflected in the Database. Prior to the
mailing, the Claims Administrator shall run the addresses through the U.S.
Postal Service's National Change of Address database and update the Database
as necessary.

         C. With regard to any Settlement Documents that are returned to the
Claims Administrator as undeliverable, the Claims Administrator will perform
customary database searches or skip traces to locate a current address and, if
a current address is located, shall promptly re-mail the Settlement Documents.
The Claims Administrator shall immediately notify the parties of any
undeliverable Settlement Documents.

         D. Promptly after mailing the Settlement Documents, the Claims
Administrator will publish a summary notice of the California Settlement in
the California edition of the Wall Street Journal.
                              -------------------

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         E. Each Claim Form shall be pre-printed with the number of
Compensable ork Months that the California Class Member worked in a Covered
Position during the Covered Period according to EDWARD JONES' records. If a
California Class Member disagrees with the number of Compensable Work Months
pre-printed on his or her Claim Form, the California Class Member must write
his or her correct dates of employment in each Covered Position during the
Covered Period and provide documents (e.g. check stubs, cancelled checks,
payroll documents, or registration records) evidencing his or her claim. The
Compensable Work Months listed on the Claim Form will be presumed to be
accurate unless the California Class Member proves otherwise. The Claims
Administrator shall have the final authority to decide the number of
Compensable Work Months worked by a California Class Member, after consulting
with the Parties.

         F. California Class Members who are current employees of EDWARD
JONES, and who do not file a Request for Exclusion, are automatically deemed
to be Participating California Class Members regardless of whether they submit
a Claim Form. Accordingly, if a Participating California Class Member is a
current employee of EDWARD JONES, he or she need not do anything to receive a
settlement payment under this Stipulation.

         G. California Class Members who are no longer employed by EDWARD
JONES, must complete a Claim Form to receive a settlement payment under this
Stipulation, and must submit that Form to the Claims Administrator no later
than the Claim/Exclusion/Objection Deadline (unless that deadline is extended
under this paragraph).

         H. With respect to those California Class Members whose Settlement
Documents are returned as undeliverable and for whom the Claims Administrator
cannot verify a valid current address after the efforts described in Section
IX.C above, such California Class Members will not receive a settlement
payment (although they will still be bound by this settlement and by the
release of claims described below in Section X). The settlement payments for
these undeliverables will be distributed to Participating California Class
Members, on a pro-rata basis.

         I. The date of submission of a Claim Form is deemed to be the date
the Claim Form is deposited in the U.S. Mail, postage pre-paid, as evidenced
by the postmark. The Claims Administrator shall review the Claim Form for
timeliness and completeness. In the event a Claim Form is timely but is

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not complete, the Claims Administrator shall immediately notify the Class
member about the deficiency, and the Class member shall have until seventy
(70) calendar days following the date of mailing of the Notice of Class Action
Settlement to cure the deficiency. The Claims Administrator shall have the
discretion to honor any late, disputed or defective Claim Form upon a showing
of good cause by the Class member and after consultation with the Parties.

         J. Any California Class Member who wishes to be excluded from the
California Settlement must complete the Request for Exclusion Form and submit
that Form to the Claims Administrator no later than the
Claim/Exclusion/Objection Deadline. The date of submission is deemed to be the
date the form is deposited in the U.S. Mail, postage pre-paid, as evidenced by
the postmark. Any California Class Member who submits a timely and valid
Request for Exclusion shall receive no payment under this Settlement and shall
not be bound by the release set forth in Section X of this Stipulation.

         K. Any California Class Member who wishes to object to the California
Settlement must file a written objection with the California Court, with
copies to the Claims Administrator, Class Counsel, and EDWARD JONES' Counsel,
no later than the Claim/Exclusion/Objection Deadline. Unless otherwise ordered
by the California Court, California Class Members shall not be entitled to
speak at the final approval hearing unless they have filed and served a timely
written objection.

         L. No later than fifteen (15) calendar days before the
Claim/Exclusion/Objection Deadline, the Claims Administrator shall mail out a
reminder postcard to those Class members who have not returned a Claim Form or
a Request for Exclusion.

         M. The Parties will not, either directly or indirectly, discourage
Class members from filing claims nor encourage Class members to object to, or
request exclusion from, the Settlement.

         N. Each Participating California Class Member will receive a
settlement payment equal to the Monthly Payment multiplied by his or her
Compensable Work Months, less his or her share of taxes and withholding. For
example, if a Participating California Class Member was employed for 14
Compensable Work Months and the Monthly Payment is Four Hundred Dollars
($400.00), he or she would receive 14 x $400.00, or Four Thousand, Eight
Hundred Dollars ($4,800.00), less the Participating California Class Member's
share of taxes and withholding.

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         O. For income and payroll tax purposes, the Parties agree that 50% of
each settlement payment constitutes wages, and the remaining 50% of each
settlement payment constitutes liquidated damages. Each Participating
California Class Member who receives a settlement payment, will receive an
appropriate IRS Form W-2 and an IRS Form 1099 for any amounts paid under this
Stipulation, from either the Claims Administrator or EDWARD JONES, as is
appropriate. EDWARD JONES reserves the right to provide such reporting to
those Participating California Class Members who are currently employed by it.

         P. No later than ten (10) court days following the
Claim/Exclusion/Objection Deadline, the Claims Administrator shall fax or
email a report (the "Report") to Class Counsel and EDWARD JONES' Counsel
listing the following information: (1) the name and last-known address (as
updated through the claims administration process) of each Participating
California Class Member; (2) the name and last-known address of each
California Class Member who submitted a timely and valid Request for Exclusion
Form; (3) the overall percentage of California Class Members who submitted
timely and valid Request for Exclusion Forms; and (4) for each Participating
California Class Member who receives a settlement payment (a) the gross
settlement payment to that Participating California Class Member as calculated
in Section IX.K, before deduction of the Class Member's share of taxes and
withholding; (b) the amount of the settlement payment attributed to wages; (c)
the amount of the settlement payment attributed to liquidated damages; and (d)
the net settlement amount payable to the Participating California Class
Member, after deduction of the Class Member's share of taxes and withholding.

         Q. No later than five (5) court days following the Settlement
Effective Date, EDWARD JONES shall wire transfer the Settlement Consideration
(including all interest that has accrued thereon) to the Claims Administrator.

         R. No later than fifteen (15) court days following the Settlement
Effective Date, the Claims Administrator shall mail to each Participating
California Class Member a settlement check representing the net settlement
amount listed on the Report. The Claims Administrator shall be responsible for
remitting all necessary taxes and withholdings to the appropriate governmental
agencies; except that EDWARD JONES understands and agrees that it shall be
solely responsible for paying the employer's share of all applicable payroll
taxes to the appropriate governmental agencies.

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         S. In the event that any settlement check is returned to the Claims
Administrator as undeliverable, the Claims Administrator will use reasonable
efforts to locate a current address for the Participating California Class
Member and, if a current address is found, re-mail the check. Any settlement
check that is not cashed within one hundred and eighty (180) days of its
issuance by the Claims Administrator shall be void. Notwithstanding the
preceding sentence, if a Participating California Class Member demonstrates to
the reasonable satisfaction of the Claims Administrator that he or she had
good cause for failing to cash the check within this 180-day period, and so
informs the Claims Administrator within two hundred and forty (240) calendar
days following the Settlement Effective Date, the Claims Administrator shall
promptly reissue the check. Any settlement check that is re-issued by the
Claims Administrator under this paragraph will be void after three hundred
(300) calendar days following the Settlement Effective Date.

         Q. Any portion of the Settlement Consideration that remains in the
possession of the Claims Administrator as of three hundred and one (301)
calendar days following the Settlement Effective Date (including any unused
portion of the Set Aside and any uncashed or returned settlement payments)
shall be paid to the Labor's Training and Community Development Alliance, a
501(c)(3) nonprofit organization that is dedicated to developing employee
training programs and providing education about important employment issues.

                                   SECTION X

                               RELEASE OF CLAIMS
                               -----------------

         A. Upon the Settlement Effective Date, the Class Representative and
the California Class Members (excluding those California Class Members who
submit timely Request for Exclusion Forms) ("Class Releasors"), on behalf of
themselves, and each of their heirs, representatives, successors, assigns, and
attorneys, shall be deemed to have, and by operation of the California
Judgment shall have, fully and finally released and discharged EDWARD JONES,
and each of its officers, directors, employees, shareholders, general
partners, limited partners, agents, representatives, predecessors, successors,
affiliates, assigns, parents, subsidiaries, and attorneys, from any and all of
the following claims, rights, demands, liabilities and causes of action of
every nature, character, and description, whether sounding in tort, contract,
statute, or other applicable law, whether known or unknown, whether
anticipated or

                                     -14-

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<PAGE>
<PAGE>

unanticipated, that arose from the Class Releasors' employment in a Covered
Position in California during the Covered Period and were based on any of the
following categories of allegations (the "Settled Claims"):

                  1. Any and all claims for unpaid overtime under California
or federal law;

                  2. Any and all claims stemming from or based on the alleged
misclassification of Covered Positions as exempt under California or federal
law;

                  3. Any and all claims for the failure to provide meal and/or
rest periods to employees in Covered Positions in accordance with California
law;

                  4. Any and all claims alleging the improper assessment of
costs, expenses, fines, penalties, chargebacks, trade errors, trade losses, or
settlements on employees in Covered Positions (i.e., wage deduction claims)
under California law;

                  5. Any and all claims for failure to reimburse or indemnify
employees in Covered Positions for their business costs or expenses, including
without limitation claims for reimbursement of costs spent on or imposed for
any type of business expense or support staff (i.e., business expense claims),
under California law;

                  6. Any and all claims based on frequency of pay, wage
statements, manner of payment, and/or record keeping; and

                  7. Any and all claims for penalties or damages relating to
claims described in subparagraphs (1) through (6) above, including but not
limited to the following types of relief: salary, bonuses, commissions, draws,
trips, prizes, awards, vacation, employee benefits, overtime wages, minimum
wages, meal and rest breaks, business expenses, wage deductions, incentives,
and profit sharing.

         B. "Settled Claims" include claims that fall within the above
definition and arise under the federal Fair Labor Standards Act, the Portal to
Portal Act, California Labor Code Sections 96 through 98.2 et seq., the
                                                           -------
California Payment of Wages Law, and, in particular, California Labor Code
Section 200 et seq., including California Labor Code Sections 200 through 243
            -------
and Sections 203 and 218 and 218.5 in particular, California Labor Code
Section 300 et. seq., California Labor Code Section 1194, California Labor
            --------
Code Sections 2802 and 2804, the California Unfair Competition Act, and in
particular, California Business and Professional Code

                                     -15-

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<PAGE>
<PAGE>

Section 17200 et seq., the California Labor Code Private Attorneys General Act
              -------
of 2004, codified at California Labor Code Sections 2698 through 2699,
California Code of Civil Procedure Section 1021.5, and any other provision of
the California Labor Code or applicable California Industrial Welfare
Commission Wage Orders, in all of their iterations (including without
limitation Wage Order 4 and the wage, overtime, meal and rest period,
record-keeping, and deduction provisions thereof).

         C. Upon the Settlement Effective Date, EDWARD JONES, on behalf of
itself, and each of its officers, directors, employees, shareholders, general
partners, limited partners, agents, representatives, predecessors, successors,
assigns, parents, subsidiaries, insurers, and attorneys, shall be deemed to
have fully and finally released the Class Representative and Class Counsel,
and each of their heirs, representatives, assigns, attorneys, partners,
limited partners, officers, shareholders, and employees, from any claim
arising from or related to the California Action or the Class Representative's
employment with EDWARD JONES.

         D. It is the desire of the Parties to fully, finally, and forever
settle, compromise, and discharge disputes and claims asserted in the
California Action against EDWARD JONES whether known or unknown, liquidated or
unliquidated. The Parties agree that, upon the Settlement Effective Date,
EDWARD JONES and the Class Representative will have expressly, knowingly, and
intentionally waived, and each of the California Class Members shall be deemed
to have, and by operation of the California Judgment will have waived, all
rights, benefits, and protection under any applicable statute, legal doctrine,
or other authority that restricts the release of unknown claims, including but
not limited to California Civil Code Section 1542, to the extent Civil Code
section 1542 is applicable. Section 1542 states:

                  A general release does not extend to claims which the
                  creditor does not know or suspect to exist in his or her
                  favor at the time of executing the release, which if known
                  by him or her must have materially affected his or her
                  settlement with the debtor.

EDWARD JONES and the Class Representative acknowledge the consequence of this
waiver, and the California Class Members shall be deemed by operation of the
California Judgment to have acknowledged the consequence and significance of
this waiver, and all assume full responsibility for any loss that may be
incurred by reason of such waiver. EDWARD JONES and the Class Representative

                                     -16-

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<PAGE>
<PAGE>

further acknowledge, and the California Class Members shall be deemed by
operation of the California Judgment to have acknowledged, that the foregoing
waiver was separately bargained for and a key element of the California
Settlement.

                                  SECTION XI

                                CONFIDENTIALITY
                                ---------------

         A. Prior to the filing of the motion for preliminary approval of the
California Settlement, the Parties will keep the terms of this Stipulation and
the National Stipulation, as well as the negotiations leading thereto,
confidential. Notwithstanding the preceding sentence, the Parties have the
right to make any and all disclosures to the California Court that may be
necessary to carry out or enforce this Stipulation or the Memorandum of
Agreement dated July 11, 2007.

         B. Upon the filing of the Motion for Preliminary Approval of the
California Settlement and thereafter, except as provided in this Stipulation,
the Parties agree not to seek any media coverage or issue any press releases
regarding the California Settlement or the National Settlement, or the
negotiations leading thereto, absent the consent of all Parties.

         C. Notwithstanding the preceding provisions of this Section, Edward
Jones reserves the right to make any and all disclosures necessary to comply
with legal and/or regulatory requirements.

                                  SECTION XII

                  RETURN OF ALL DOCUMENTS AND OTHER DISCOVERY
                  -------------------------------------------

         The Parties stipulate that all materials, documents, and other
discovery provided by EDWARD JONES to the Class Representative or Class
Counsel shall be destroyed and/or returned within sixty (60) calendar days
following the Settlement Effective Date pursuant to the Stipulated Protective
Order entered in the California Action on August 14, 2006.

                                 SECTION XIII

                           MISCELLANEOUS PROVISIONS
                           ------------------------

         A. EDWARD JONES has represented in good faith that the total number
of Compensable Work Months that California Class Members were employed by
EDWARD JONES in Covered Positions through December 31, 2006 is less than
40,000 selling months. EDWARD JONES understands that the Class Representative
and Class Counsel have relied on this information in entering into this
Settlement.

                                     -17-

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<PAGE>
<PAGE>

         B. EDWARD JONES shall not retaliate against, discriminate against, or
harass any California Class Member as a result of that person's participation
in the California Action or the California Settlement.

         C. All of the Parties have been represented by counsel throughout all
negotiations which preceded the execution of the California Stipulation, and
this Stipulation is made with the consent and advice of counsel.

         D. Any notices that are required or authorized under this Stipulation
shall be in writing and faxed, emailed, or personally served to the following
Party representatives:

         To THILL:                             To EDWARD JONES:

         James F. Clapp                        David M. Harris
         Dostart Clapp Gordon & Coveney, LLP   Greensfelder, Hemker & Gale, P.C.
         4370 La Jolla Village Dr. Ste. 970    10 South Broadway, Ste. 2000
         San Diego, CA 92122                   St. Louis, MO 63102
         Tel: (858) 623-4200                   Tel: (314) 241-9090
         Fax: (858) 623-4299                   Fax: (314) 241-8624
         Email: jclapp@sdlaw.com               Email: dmh@greensfelder.com

         E. The Class Representative and EDWARD JONES waive their right to
seek any form of appellate review over any order or judgment that is
consistent with the terms of this Stipulation. Notwithstanding the preceding
sentence: (1) Class Counsel shall have the right (but not the obligation) to
appeal any Attorney's Fee Award or Litigation Expenses Award that is less than
the amounts provided in Section VII; and (2) the Class Representative shall
have the right (but not the obligation) to appeal any Enhancement Award that
is less than the amount provided in Section VIII. However, any such appeal, if
taken, shall not otherwise affect the binding nature of the California
Settlement. In the event of an appeal of the Attorney's Fee Award, the
Litigation Expenses Award, and/or the Enhancement Award set forth above, the
maximum amount of the Attorney's Fee Award, the Litigation Expenses Award,
and/or the Enhancement Award set forth in Sections VII and VIII above shall
remain in the Settlement Account pending resolution of this appeal.

         F. Neither EDWARD JONES, nor the Class Representatives, nor Class
Counsel shall, directly or indirectly, appeal the National Judgment for the
purpose of delaying the Settlement Effective Date under this Stipulation. In
the event of any appeal of the National Judgment, EDWARD JONES will

                                     -18-

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<PAGE>
<PAGE>

not oppose any attempt by the Class Representatives or Class Counsel to
participate in that appeal (either by way of intervention, amicus brief, or
otherwise) as potentially interested parties.

         G. This Stipulation may not be modified or amended except in writing,
signed by a duly authorized representative of each Party and approved by the
California Court.

         H. The Parties and their respective attorneys shall proceed
diligently to prepare and execute all documents, seek all necessary California
Court approvals, and do all other things reasonably necessary to consummate
the California Settlement.

         I. This Stipulation shall be subject to, governed by, construed,
enforced, and administered in accordance with the laws of the State of
California, both in its procedural and substantive aspects, and shall be
subject to the continuing jurisdiction of the California Court. The California
Court shall have the authority to consider, rule upon, and issue a final order
with respect to any dispute between the Parties or between one or more of the
Parties and third persons or entities arising from this Stipulation. This
Stipulation shall be construed as a whole according to its fair meaning and
intent, and not strictly for or against either Party, regardless of who
drafted or who was principally responsible for drafting this Stipulation or
any specific term or condition thereof.

         J. This Stipulation may be executed in one or more counterparts. Fax
signatures shall be deemed as effective as originals.

         K. In the event that legal action arises out of this Stipulation or
is necessary to enforce any of the terms or provisions of this Stipulation,
the prevailing party in the action shall be entitled to recover its reasonable
attorney's fees and costs.

         L. Each individual signing this Stipulation warrants that he or she
is expressly authorized to enter into this Stipulation on behalf of the Party
for which that individual signs.

         M. The Parties understand and agree that the California Settlement
represents a compromise of disputed claims. Nothing contained in this
Stipulation, nor the fact of this Stipulation itself, shall be construed as an
admission of liability or wrongdoing on the part of EDWARD JONES. Pursuant to
Federal Rule of Evidence 408 and California Evidence Code sections 1152 and
1154, this Stipulation, and the exhibits hereto, shall be inadmissible in any
proceeding, except as necessary to effectuate the California Settlement.

                                     -19-

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<PAGE>
<PAGE>

         N. If, for any reason, any provision of this Stipulation is
determined to be invalid or unenforceable, the remaining provisions of the
Stipulation nevertheless shall be construed, performed, and enforced as if the
invalidated or unenforceable provision had not been in the text of the
California Stipulation.

           IN WITNESS WHEREOF, the undersigned have executed this Stipulation
as of the date indicated below:

Dated: September 28, 2007                  /s/ Randall Thill
                                           -------------------------------------
                                           RANDALL THILL

Dated: September 28, 2007                  EDWARD D. JONES & CO., L.P.

                                           /s/ Steve Novik
                                           -------------------------------------
                                           Steve Novik
                                           CFO

Dated: September 27, 2007                  DOSTART CLAPP GORDON & COVENEY, LLP
                                           THIERMAN LAW FIRM, P.C.

                                           /s/ James F. Clapp
                                           -------------------------------------
                                           JAMES F. CLAPP
                                           Class Counsel

Dated: September 28, 2007                  GREENSFELDER HEMKER & GALE, P.C.

                                           /s/ David M. Harris
                                           -------------------------------------
                                           DAVID M. HARRIS
                                           Attorneys for Defendant
                                           EDWARD D. JONES & CO., L.P.

                                     -20-

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<PAGE>
<PAGE>

                       NOTICE OF CLASS ACTION SETTLEMENT
      Thill v. Edward D. Jones & Co., L.P., U.S.D.C. Case No. 05-CV-4893
      ------------------------------------

ATTENTION: THIS NOTICE EXPLAINS YOUR POSSIBLE RIGHT TO RECOVER MONEY AS THE
---------
RESULT OF A $21 MILLION CLASS ACTION SETTLEMENT REACHED ON BEHALF OF
INDIVIDUALS WHO ARE OR WERE EMPLOYED BY EDWARD D. JONES & CO., L.P. IN THE
POSITIONS OF INVESTMENT REPRESENTATIVE, FINANCIAL ADVISOR, OR SALARIED OR
COMMISSIONED FINANCIAL ADVISOR TRAINEE (EXCLUDING TRAINEES PAID AT AN HOURLY
RATE) IN THE STATE OF CALIFORNIA BETWEEN OCTOBER 20, 2001 AND ______________
[INSERT PRELIMINARY APPROVAL DATE] ("California Class Members"). ACCORDING TO
EDWARD JONES' RECORDS, YOU ARE A MEMBER OF THE CLASS.

THE DEADLINE FOR EITHER FILING A CLAIM UNDER THE SETTLEMENT, EXCLUDING
YOURSELF FROM THE SETTLEMENT, OR OBJECTING TO THE SETTLEMENT IS [***** DATE
*****]. PLEASE READ THIS NOTICE CAREFULLY.
        ----------------------------------

         1. WHAT THE CASE IS ABOUT.
            -----------------------

         On October 20, 2005, a class action lawsuit was filed against Edward
D. Jones & Co., L.P. ("Edward Jones"). The lawsuit, entitled Thill v. Edward
                                                             ---------------
D. Jones & Co., L.P., Case No. 05-CV-4893 (the "California Action"), is
--------------------
currently pending in the U.S. District Court for the Northern District of
California. The California Action seeks recovery of unpaid wages on behalf of
individuals who are or were employed by Edward Jones in one or more of the
following positions in the State of California: Investment Representative,
Financial Advisor, or salaried or commissioned Financial Advisor Trainee.
These positions are referred to in this Notice as the "Covered Positions."

         In general, the California Action claims that Edward Jones should
have paid employees in the Covered Positions overtime pay because they did not
qualify as "exempt" under federal or California law. The California Action
also alleges that Edward Jones took deductions from the wages of (or failed to
reimburse) its employees in Covered Positions for certain business-related
expenses such as staff support and trading errors in violation of California
law. The California Action also alleges that Edward Jones improperly denied
such individuals meal and rest breaks in violation of California law.

         Edward Jones denies all of these allegations. Specifically, Edward
Jones denies that employees in the Covered Positions are entitled to overtime
pay. Further, Edward Jones denies that the deductions from wages and denial of
meal and rest breaks at issue in the California Action violated federal or
California law.

         The parties have conducted extensive discovery and investigation and
have exchanged detailed information about the claims, defenses, and alleged
damages at issue in the California Action. The settlement described in this
Notice (the "California Settlement") was reached after

                                     -1-

<PAGE>
<PAGE>

several months of negotiations, with the assistance of two independent
mediators. The terms of the California Settlement, as well as the procedure
for receiving a settlement payment, are described below.

         2. CLASS COUNSEL RECOMMEND THE SETTLEMENT.
            ---------------------------------------

         The two law firms that represent the class (listed in Section 4.A
below) strongly recommend that the class accept the California Settlement. The
claims alleged in the California Action are novel and highly technical. For
instance, there is no reported court decision that holds that stockbrokers are
entitled to overtime pay or reimbursement of business-related expenses. To the
contrary, at least one U.S. District Court and the U.S. Department of Labor
have concluded that, in some cases, stockbrokers are not entitled to overtime
                                                     ---
pay under federal law. Similarly, recent court decisions in California suggest
that employees may be held liable for certain types of business-related
expenses. In other words, the claims alleged in the California Action are
highly uncertain. Furthermore, even if the class obtained a favorable judgment
in the District Court for the Northern District of California, that judgment
would likely be tied up for several years on appeal. Recently, the Ninth
Circuit Court of Appeal reversed a $52.5 million judgment for plaintiffs in an
overtime class action involving insurance claims adjusters. In light of the
substantial risk that the class might not receive anything at all if the
California Action proceeded to trial, Class Counsel strongly believe that the
California Settlement is in the best interests of the class.

         3. THERE ARE NO ADVERSE CONSEQUENCES OF MAKING A CLAIM.
            ----------------------------------------------------

         Under federal law, it is illegal for Edward Jones to retaliate or
take any adverse action against a class member for who elects to receive money
under the California Settlement. Edward Jones has a policy against such
retaliation and also has agreed, as a term of the California Settlement, that
it will comply with the law.

         Furthermore, your decision to accept or refuse money under the
         --------------------------------------------------------------
California Settlement will have no effect on Edward Jones' current or future
----------------------------------------------------------------------------
compensation plans.
-------------------

         4. TERMS OF THE SETTLEMENT. The terms of the California Settlement
            ------------------------
are as follows:

            A. Persons Eligible to Recover Under the California Settlement. You
               ------------------------------------------------------------
are eligible to receive money under the California Settlement if you were
employed by Edward Jones in a Covered Position in the State of California at
any time between October 20, 2001 and [INSERT PRELIMINARY APPROVAL DATE] (the
"Covered Period").

            B. Attorneys Representing the Class ("Class Counsel"). The
               ---------------------------------------------------
Court has appointed the following attorneys to represent the class:

                                     -2-

<PAGE>
<PAGE>

            James F. Clapp                        Mark R. Thierman
            Marita M. Lauinger                    Thierman Law Firm, P.C.
            Dostart Clapp Gordon & Coveney, LLP   7287 Lakeside Dr.
            4370 La Jolla Village Dr. Ste. 970    Reno, NV 89511
            San Diego, CA 92122                   Tel. (775) 284-1500
            Tel. (858) 623-4200                   Fax. (775) 708-5027
            Fax. (858) 623-4299

            C. Total Settlement Amount. Edward Jones will deposit
               ------------------------
Twenty-One Million Dollars and No Cents ($21,000,000.00) into an
interest-bearing account at a non-affiliated financial institution (the
"Settlement Fund"). The Settlement Fund, along with the interest accrued
thereon, will be used to make settlement payments to Participating California
Class Members and pay the court-approved attorneys' fees, litigation costs and
expenses of Class Counsel, an enhancement payment to the named plaintiff, and
the costs of claims administration.

            D. Attorneys' Fees, Litigation Costs and Expenses, and
               ---------------------------------------------------
Enhancement Payment. Class Counsel will ask the Court to award attorneys' fees
--------------------
equal to 25% of the Settlement Fund, plus up to $75,000 in litigation costs
and expenses incurred in prosecuting the California Action on behalf of the
class. In addition, Class Counsel will ask the Court to authorize an
enhancement payment of $25,000 to named plaintiff Randall Thill for his
services as Class Representative, as well as his willingness to accept the
risk of an unsuccessful outcome in this litigation. The attorneys' fees,
litigation costs and expenses, and enhancement payment approved by the Court
will be deducted from the Settlement Fund under the California Settlement.

            E. Claims Administration Costs. Subject to Court approval, the
               ----------------------------
Claims Administrator will be allotted a reasonable fee, not to exceed
$100,000, for administering the California Settlement. This amount will be
paid from the Settlement Fund.

            F. Allocation of Settlement Amount. After the Claims Administrator
               --------------------------------
deducts the court-approved attorneys' fees, litigation costs and expenses, the
named plaintiff's enhancement payment, and the costs of claims administration
from the Settlement Fund, the net settlement amount remaining (the "Net
Settlement Amount") will be divided among all "Participating California Class
Members" as follows:

               1. "Participating California Class Members" means (a) all
persons who are currently employed by Edward Jones in a Covered Position in
California who do not opt out, and (b) all persons who were formerly employed
by Edward Jones in a Covered Position in California at any time during the
Covered Period (October 20, 2001 to [*** date ***]) and who file a timely
Claim Form. (If you are currently employed by Edward Jones in a Covered
Position in California, you do not need to file a Claim Form in order to be a
"Participating California Class Member.")

                                     -3-

<PAGE>
<PAGE>

               2. Each Participating California Class Member will receive a
pro rata share of the Net Settlement Amount based on the number of Compensable
Work Months he or she was employed in a Covered Position in California during
the Covered Period. "Compensable Work Month" means a month in which the
Participating California Class Member was employed in a Covered Position for
at least 15 calendar days. For example, if you were employed as a Financial
Advisor in California between January 1, 2003 and September 14, 2003, your
Compensable Work Months would be 8.

               3. The parties currently estimate that, after deduction of
court-approved attorneys' fees, litigation costs and expenses, the enhancement
payment, and the costs of claims administration, Participating California
Class Members will receive approximately $375 (the "Monthly Payment") for each
Compensable Work Month they were employed in a Covered Position in California
during the Covered Period. (The exact amount of the Monthly Payment will
depend on the number of Compensable Work Months worked by all Participating
California Class Members and may be higher or lower than $375.) For example,
if your Compensable Work Months is 8 and the Monthly Payment is $375, your
settlement amount would be 8 x $375 = $3,000 (less your share of taxes and
withholding).

            G. Release of Claims. Upon the effective date of the California
               ------------------
Settlement, the California Class Members (excluding those who submit timely
Request for Exclusion Forms) ("Class Releasors"), on behalf of themselves, and
each of their heirs, representatives, successors, assigns, and attorneys,
shall be deemed to have, and by operation of the California Judgment shall
have, fully and finally released and discharged Edward Jones, and each of its
officers, directors, employees, shareholders, general partners, limited
partners, agents, representatives, predecessors, successors, affiliates,
assigns, parents, subsidiaries, and attorneys, from any and all of the
following claims, rights, demands, liabilities and causes of action of every
nature, character, and description, whether sounding in tort, contract,
statute, or other applicable law, whether known or unknown, whether
anticipated or unanticipated, that arose from the Class Releasors' employment
in a Covered Position in California during the Covered Period and were based
on any of the following categories of allegations (the "Settled Claims"): (1)
any and all claims for unpaid overtime under California or federal law; (2)
any and all claims stemming from or based on the alleged misclassification of
Covered Positions as exempt under California or federal law; (3) any and all
claims for the failure to provide meal and/or rest periods to employees in
Covered Positions in accordance with California law; (4) any and all claims
alleging the improper assessment of costs, expenses, fines, penalties,
chargebacks, trade errors, trade losses, or settlements on employees in
Covered Positions (i.e., wage deduction claims) under California law; (5) any
and all claims for failure to reimburse or indemnify employees in Covered
Positions for their business costs or expenses, including without limitation
claims for reimbursement of costs spent on or imposed for any type of business
expense or support staff (i.e., business expense claims), under California
law; (6) any and all claims based on frequency of pay, wage statements, manner
of payment, and/or record keeping; and (7) any and all claims for penalties or
damages relating to claims described in subparagraphs (1) through (6) above,
including but not limited to the following types of relief: salary, bonuses,
commissions, draws, trips, prizes, awards, vacation, employee benefits,
overtime wages, minimum wages, meal and

                                     -4-

<PAGE>
<PAGE>

rest breaks, business expenses, wage deductions, incentives, and profit
sharing. "Settled Claims" include claims that fall within the above definition
and arise under the federal Fair Labor Standards Act, the Portal to Portal
Act, California Labor Code Sections 96 through 98.2 et seq., the California
                                                    -------
Payment of Wages Law, and, in particular, California Labor Code Section 200
et seq., including California Labor Code Sections 200 through 243 and
-------
Section 203 and 218 and 218.5 in particular, California Labor Code
Section 300 et. seq., California Labor Code Section 1194, California Labor
            --------
Code Sections 2802 and 2804, the California Unfair Competition Act, and in
particular, California Business and Professional Code Section 17200 et seq.,
                                                                    -------
the California Labor Code Private Attorneys General Act of 2004, codified at
California Labor Code Sections 2698 through 2699, California Code of Civil
Procedure Section 1021.5, and any other provision of the California Labor Code
or applicable California Industrial Welfare Commission Wage Orders, in all of
their iterations (including without limitation Wage Order 4 and the wage,
overtime, meal and rest period, record-keeping, and deduction provisions
thereof).

Upon the effective date of the California Settlement, Class Releasors shall be
deemed to have, and by operation of the California Judgment shall have, waived
the protections of California Civil Code Section 1542 with respect to the
Settled Claims, to the extent that section is applicable. Section 1542 states:
"A general release does not extend to claims which the creditor does not know
or suspect to exist in his or her favor at the time of executing the release,
which if known by him or her must have materially affected his or her
settlement with the debtor."

         5. YOUR RIGHTS AS A CLASS MEMBER.
            ------------------------------

         You have the right to: (A) elect to accept the benefits of the
California Settlement; or (B) object to the California Settlement; or (C)
                       --                                          --
exclude yourself from the California Settlement. If you elect to accept the
benefits of the California Settlement (option A), you will be represented at
no cost to yourself by Class Counsel. Class Counsel cannot represent you if
you choose to object to any aspect of the California Settlement (option B).
You may retain counsel at your own expense to represent you if you wish.
UNLESS YOU EXCLUDE YOURSELF FROM THE SETTLEMENT, YOU WILL BE BOUND BY THE
TERMS OF THE SETTLEMENT.

            A. To Receive Money Under the California Settlement:
               -------------------------------------------------

               1. For Former Employees of Edward Jones: If you are not
currently employed by Edward Jones in a Covered Position in California and you
wish to receive money under the California Settlement, you must fill out and
return by mail the enclosed Claim Form (the GREEN document) to the Claims
Administrator at the following address:

                       EDWARD JONES Claims Administrator
                              c/o Rust Consulting
                     [INSERT ADDRESS AND TOLL-FREE NUMBER]

YOUR CLAIM FORM MUST BE POSTMARKED NO LATER THAN [**INSERT
CLAIM/OBJECTION/EXCLUSION DEADLINE**]. If your Claim Form is not postmarked by
that date, you not receive a settlement payment but you will be bound by the
terms of the

                                     -5-

<PAGE>
<PAGE>

California Settlement if it is approved by the Court. If the Claim Form is
sent from within the United States, it must be sent through the United States
Postal Service by first class U.S. Mail or the equivalent. Do not use a
postage meter because that may not result in a postmark appearing on the
envelope containing your Claim Form. If you lose, misplace, or require another
Claim Form, you should contact the Claims Administrator as set forth above.

               2. For Current Employees of Edward Jones: If you are currently
employed by Edward Jones in a Covered Position in California, you do not need
to do anything in order to receive money under the California Settlement. You
will receive a settlement check if and when the California Settlement is
approved by the Court and becomes effective. Please complete and return the
enclosed Claim Form only if you disagree with the number of Compensable Work
Months listed on that form or if your address has changed. If you do return
the Claim Form, the deadline for postmarking it is (**** insert date *******).

            B. To Object to the California Settlement: If you disagree with
               ---------------------------------------
any part of the California Settlement, you may object to the settlement. To
object, you must file a written objection that clearly explains the basis for
your objection and file that objection in the Office of the Clerk, U.S.
District Court for the Northern District of California, located at 450 Golden
Gate Ave., 16th Floor, San Francisco, CA 94102 on or before [**INSERT
CLAIM/OBJECTION/EXCLUSION DEADLINE**] with copies to the following attorneys:

<TABLE>
<CAPTION>
            CLASS COUNSEL                          EDWARD JONES' COUNSEL
            -------------                          ---------------------

            <C>                                    <C>
            James F. Clapp                         David M. Harris
            Dostart Clapp Gordon & Coveney, LLP    Greensfelder, Hemker & Gale, P.C.
            4370 La Jolla Village Dr. Ste. 970     10 South Broadway, Ste. 2000
            San Diego, CA 92122                    St. Louis, MO 63102
</TABLE>

            Any written objection must also state your full name, address, and
the dates of your employment at Edward Jones. If you file a written objection
to the California Settlement, you or your attorney may appear in Court to
argue your objection at the Final Approval Hearing. The date, time, and place
of the Final Approval Hearing are listed in Section 6 below. Unless you file a
timely written objection, you will not be allowed to speak at the Final
Approval Hearing. If you fail to file and serve a written objection in the
manner described above and by the specific deadline, you will be deemed to
have waived any objections and may be foreclosed from making any such
objection (whether by appeal or otherwise) to the California Settlement.

            C. To Exclude Yourself from the California Settlement: If you do
               ---------------------------------------------------
not wish to be bound by the California Settlement, you may exclude yourself
("opt out") by completely filling out and returning the enclosed Request for
Exclusion Form (the ORANGE document) to the Claims Administrator at the
address listed above. To be valid, the Request for Exclusion Form must be
postmarked no later than [**INSERT CLAIM/OBJECTION/EXCLUSION DEADLINE**]. If
you submit a Request for Exclusion Form after that date, your Request for
Exclusion will be rejected and you will be bound by the Release of Claims as
described in Section 4.G above and all other terms of the California
Settlement. If the Request for Exclusion

                                     -6-

<PAGE>
<PAGE>

Form is sent from within the United States, it must be sent through the United
States Postal Service by first class U.S. Mail, or the equivalent. Do not use
a postage meter as that may not result in a postmark appearing on the envelope
containing your Request for Exclusion Form. If you submit a complete and
timely Request for Exclusion Form, you will no longer be a member of the class
and will receive no benefits under the California Settlement, but you will
retain whatever claims you may have against Edward Jones.

            DO NOT SUBMIT BOTH THE CLAIM FORM AND A REQUEST FOR EXCLUSION. IF
YOU SUBMIT BOTH, THE REQUEST FOR EXCLUSION MAY BE INVALID, AND YOU MAY BE
INCLUDED IN THE CLASS, AT WHICH POINT YOU WILL BE BOUND BY THE TERMS OF THE
CALIFORNIA SETTLEMENT.

         6. FINAL APPROVAL HEARING.
            -----------------------

         The Court will hold a hearing on ____________________, 2008 at
____.m. (Pacific Time), to determine whether the California Settlement should
be finally approved as fair, reasonable, and adequate. At the hearing, the
Court will also be asked to approve Class Counsel's request for attorneys'
fees, litigation costs and expenses, and the enhancement award to the named
plaintiff. The Court is located at 450 Golden Gate Ave., 15th Floor, Courtroom
A, San Francisco, CA 94102. The hearing may be continued without further
notice to the class. YOU ARE NOT REQUIRED TO APPEAR AT THE HEARING.
                             ---

         7. ADDITIONAL INFORMATION.
            -----------------------

         This is a summary of the basic terms of the California Settlement.
For the precise terms and conditions of the Settlement, you should consult the
"Joint Stipulation of Class Action Settlement and Release," which is on file
with the Clerk of the Court. If you have any questions about the California
Settlement, you may contact either Class Counsel or the Claims Administrator
at the addresses and telephone numbers listed above. PLEASE DO NOT TELEPHONE
THE COURT OR EDWARD JONES (OR ITS COUNSEL) ABOUT THIS NOTICE.

                      BY ORDER OF THE U.S. DISTRICT COURT

                                     -7-

<PAGE>
<PAGE>

                                  CLAIM FORM
      Thill v. Edward D. Jones & Co., L.P., U.S.D.C. Case No. 05-CV-4893
      ------------------------------------

Instructions:
-------------

o        For Former Employees of Edward Jones: If you are not currently
         ------------------------------------
employed by Edward Jones in a Covered Position in California, you must
complete and return this Claim Form by mail to the Claims Administrator at the
address listed below on or before [****** INSERT DATE ******] in order to
receive a settlement payment.

o        For Current Employees of Edward Jones: If you are currently employed
         -------------------------------------
by Edward Jones in a Covered Position in California, please complete this
Claim Form only if you disagree with the number of Compensable Work Months
listed in Section II below or if your address has changed. If you do elect to
return this Claim Form, the deadline for postmarking it is [**** INSERT DATE
****].

I.       PLEASE PROVIDE THE FOLLOWING INFORMATION:
         -----------------------------------------

         Name (first, middle and last):_______________________________________

         Home Street Address:  _______________________________________________

         City, State, Zip Code:  _____________________________________________

         Home Telephone Number: (____) __________________

         Social Security Number: ________________________

II.      YOUR WORK HISTORY AT EDWARD D. JONES & CO., L.P. ("JONES").
         -----------------------------------------------------------

According to Edward Jones' payroll records, you held a "Covered Position"
(which is defined as Investment Representative, Financial Advisor, or salaried
or commissioned Financial Advisor Trainee, excluding trainees paid at an
hourly rate) with Edward Jones in the State of California for a total of _____
"Compensable Work Months" between October 20, 2001 and ______________ [INSERT
PRELIMINARY APPROVAL DATE] (the "Covered Period"). A "Compensable Work Month"
is a calendar month in which you held a Covered Position in California for at
least 15 days during the Covered Period. For example, if you were employed as
an Investment Representative from January 1, 2003 to September 14, 2003, your
"Compensable Work Months" would be 8.

         Based on the Compensable Work Months listed above, your total
settlement payment should be approximately __ x $375 = $_______ (less taxes
and withholding).

                                      1

<PAGE>
<PAGE>

III.     IF YOU DISPUTE EDWARD JONES' PAYROLL RECORDS:
         ---------------------------------------------

         If you believe that the number of Compensable Work Months listed
above is incorrect, please:

         1. Write below the number of Compensable Work Months you held a
Covered Position with Edward Jones in California during the Covered Period,
where "Compensable Work Months" means those calendar months in which you held
a Covered Position for at least 15 calendar days.

            ________   Compensable Work Months

         2. Please attach to this Claim Form any documents that support the
number of Compensable Work Months you are claiming (for example, pay stubs,
payroll records, or registration records). Please be advised that Edward
                                           -----------------------------
Jones' payroll records are presumed to be correct unless the documents you
--------------------------------------------------------------------------
provide prove otherwise.
------------------------

IV.      RELEASE OF CLAIMS.
         ------------------

         1. Upon the effective date of the California Settlement, I, on behalf
of myself, and each of my heirs, representatives, successors, assigns, and
attorneys, shall be deemed to have, and by operation of the California
Judgment shall have, fully and finally released and discharged Edward Jones,
and each of its officers, directors, employees, shareholders, general
partners, limited partners, agents, representatives, predecessors, successors,
affiliates, assigns, parents, subsidiaries, and attorneys, from any and all of
the following claims, rights, demands, liabilities and causes of action of
every nature, character, and description, whether sounding in tort, contract,
statute, or other applicable law, whether known or unknown, whether
anticipated or unanticipated, that arose from my employment in a Covered
Position in California during the Covered Period and were based on any of the
following categories of allegations (the "Settled Claims"): (1) any and all
claims for unpaid overtime under California or federal law; (2) any and all
claims stemming from or based on the alleged misclassification of Covered
Positions as exempt under California or federal law; (3) any and all claims
for the failure to provide meal and/or rest periods to employees in Covered
Positions in accordance with California law; (4) any and all claims alleging
the improper assessment of costs, expenses, fines, penalties, chargebacks,
trade errors, trade losses, or settlements on employees in Covered Positions
(i.e., wage deduction claims) under California law; (5) any and all claims for
failure to reimburse or indemnify employees in Covered Positions for their
business costs or expenses, including without limitation claims for
reimbursement of costs spent on or imposed for any type of business expense or
support staff (i.e., business expense claims), under California law; (6) any
and all claims based on frequency of pay, wage statements, manner of payment,
and/or record keeping; and (7) any and all claims for penalties or damages
relating to claims described in subparagraphs (1) through (6) above, including
but not limited to the following types of relief: salary, bonuses,
commissions, draws, trips, prizes, awards, vacation, employee benefits,
overtime wages, minimum wages, meal and rest breaks, business expenses, wage
deductions, incentives, and

                                      2

<PAGE>
<PAGE>

profit sharing. "Settled Claims" include claims that fall within the above
definition and arise under the federal Fair Labor Standards Act, the Portal to
Portal Act, California Labor Code Sections 96 through 98.2 et seq., the
                                                           -------
California Payment of Wages Law, and, in particular, California Labor Code
Section 200 et seq., including California Labor Code Sections 200 through 243
            -------
and Sections 203 and 218 and 218.5 in particular, California Labor Code
Section 300 et. seq., California Labor Code Section 1194, California Labor
            --------
Code Sections 2802 and 2804, the California Unfair Competition Act, and in
particular, California Business and Professional Code Section 17200 et seq.,
                                                                    -------
the California Labor Code Private Attorneys General Act of 2004, codified at
California Labor Code Sections 2698 through 2699, California Code of Civil
Procedure Section 1021.5, and any other provision of the California Labor Code
or applicable California Industrial Welfare Commission Wage Orders, in all of
their iterations (including without limitation Wage Order 4 and the wage,
overtime, meal and rest period, record-keeping, and deduction provisions
thereof).

         2. I hereby waive the protections of California Civil Code Section
1542 with respect to the Settled Claims, to the extent that section is
applicable. Section 1542 states: "A general release does not extend to claims
which the creditor does not know or suspect to exist in his or her favor at
the time of executing the release, which if known by him or her must have
materially affected his or her settlement with the debtor."

V.       MAILING INSTRUCTIONS.
         ---------------------

         The deadline for completing and returning this Claim Form is [**
INSERT CLAIM/EXCLUSION/OBJECTION DEADLINE **], as evidenced by the postmark
The address of the Claims Administrator is:

                       EDWARD JONES Claims Administrator
                              c/o Rust Consulting
                     [INSERT ADDRESS AND TOLL-FREE NUMBER]

VI.      PLEASE SIGN BELOW.
         ------------------

         I declare under penalty of perjury under the laws of the State of
California and the United States that the foregoing is true and correct.

Dated:
      -----------------                     ---------------------------------
                                            (Signature)

                                            ---------------------------------
                                            (Print Name)

If you have any questions about completing this Claim Form, please contact the
Claims Administrator at [** INSERT TELEPHONE NUMBER **]

                                      3

<PAGE>
<PAGE>

                             REQUEST FOR EXCLUSION

      Thill v. Edward D. Jones & Co., L.P., U.S.D.C. Case No. 05-CV-4893
      ------------------------------------

Instructions: If you do not want to participate in the Settlement that is
-------------        ------
described in the Notice of Class Action Settlement that accompanies this form
(i.e. the "California Settlement"), please complete this Request for Exclusion
Form in its entirety, sign the form under penalty of perjury, and return it to
the Claims Administrator at the address listed below. If you choose to
complete this Request for Exclusion, the deadline for mailing it to the Claims
Administrator is [**INSERT CLAIM/EXCLUSION/OBJECTION DEADLINE**] (as evidenced
by the postmark).

I.       PERSONAL INFORMATION
         --------------------

         Name (first, middle and last):_______________________________________

         Home Street Address:  _______________________________________________

         City, State, Zip Code:  _____________________________________________

         Home Telephone Number: (____) __________________

         Social Security Number: ________________________

II.      REQUEST FOR EXCLUSION
         ---------------------

         By signing and returning this Request for Exclusion Form, I certify,
under penalty of perjury, that I have carefully read the Notice of Class
Action Settlement and that I wish to be excluded from the California
Settlement. I understand this means that I will not receive any money or other
            ------------------------------------------------------------------
benefits under the California Settlement.
-----------------------------------------

III.     MAILING INSTRUCTIONS
         --------------------

         If you choose to return this Request for Exclusion Form, you must
mail it to the Claims Administrator, along with a photocopy of your driver's
license or other form of government issued picture identification (e.g.
passport) the following address. To be valid, the Request for Exclusion must
be postmarked on or before [**CLAIM/EXCLUSION/OBJECTION DEADLINE **]:

                       EDWARD JONES Claims Administrator
                              c/o Rust Consulting
                     [INSERT ADDRESS AND TOLL-FREE NUMBER]

IV.      PLEASE SIGN BELOW.
         ------------------

         I declare under penalty of perjury under the laws of the State of
California and the United States that the foregoing is true and correct.

                                      1

<PAGE>
<PAGE>

Dated:
      --------------                ------------------------------------
                                    (Signature)

                                    ------------------------------------
                                    (Print Name)

                                      2<PAGE>

                                                                  Exhibit 10.2

                         UNITED STATES DISTRICT COURT
                       WESTERN DISTRICT OF PENNSYLVANIA
                              JOHNSTOWN DIVISION

--------------------------------------------
  JAMES E. ELLIS, GERALD BOOHER,
  MARK TILLER, RICHARD STASZAK,
  ANI WEAVER, JACK O'BRIEN and                    Case No. CV 06-00066
  JOSHUA DENT, on behalf of themselves
  and all others similarly situated,              Hon. Kim R. Gibson

                           Plaintiffs,            AMENDED JOINT STIPULATION OF
                                                  CLASS ACTION SETTLEMENT AND
                                                  RELEASE
                  v.

  EDWARD D. JONES & CO., L.P. and
  DOES 1 through 10, inclusive,

                           Defendants.
--------------------------------------------

         Plaintiffs James E. Ellis, Gerald Booher, Mark Tiller, Richard
Staszak, Ani Weaver, Jack O'Brien, and Joshua Dent, individually and on behalf
of all others similarly situated, and Defendant Edward D. Jones & Co., L.P.,
by and through their respective counsel of record, agree to resolve the
above-captioned case through this Amended Joint Stipulation of Class Action
Settlement and Release.

                                I. DEFINITIONS
                                --------------

         A. "CALIFORNIA ACTION" shall mean the class action currently pending
in the United States District Court for the Northern District of California
styled Randall Thill, individually and on behalf of all others similarly
situated v. Edward D. Jones & Co., L.P., Case No. 05-0238186.

         B. "CALIFORNIA CLASS" or "CALIFORNIA CLASS MEMBERS" shall mean the
named plaintiff and all individuals employed in the covered positions during
the covered period provided for as part of the Joint Stipulation of Class
Action Settlement and Release entered into between the parties to the
California Action.

                                      1

<PAGE>
<PAGE>

         C. "CALIFORNIA COURT" shall mean the United States District Court for
the Northern District of California.

         D. "CALIFORNIA JUDGMENT" shall mean entry of judgment granting final
approval of the California Settlement and the dismissal of the California
Action with prejudice.

         E. "CALIFORNIA SETTLEMENT" shall mean the settlement reached in the
California Action and memorialized by and through the California Stipulation.

         F. "CALIFORNIA STIPULATION" shall mean the Joint Stipulation of Class
Action Settlement and Release in the California Action.

         G. "CLAIM/EXCLUSION/OBJECTION DEADLINE" shall mean sixty (60) days
following the date the Notice of Class Action Settlement is mailed to National
Class Members by the Claims Administrator, as specified in Section IV of this
Stipulation.

         H. "CLAIM FORM" shall mean Exhibit 2 to this National Stipulation, or
any comparable form that is approved by the Parties and the Pennsylvania
Court. Exhibit 2 shall be filed with the Pennsylvania Court no later than
seven (7) days after the filing of the Parties' Motion for Preliminary
Approval of the National Settlement.

         I. "CLAIMS ADMINISTRATOR" shall mean Rust Consulting, or any other
administrator mutually agreed to by the Parties.

         J. "CLASS COUNSEL" shall mean the members of the Lead Counsel
Committee (the "LCC") created pursuant to the Pennsylvania Court's Order of
August 27, 2007.

         K. "CLASS REPRESENTATIVES" shall mean named Plaintiffs in the
National Action James E. Ellis, Gerald Booher, Mark Tiller, Richard Staszak,
Ani Weaver, Jack O'Brien, and Joshua Dent.

         L. "COMPENSABLE WORK MONTHS" shall mean the total number of full or
partial months a National Class Member was employed by Edward Jones in a
Covered Position for at

                                      2

<PAGE>
<PAGE>

least 15 calendar days during the Covered Period. For example, if a National
Class Member was employed as a Financial Advisor (a/k/a Investment
Representative) in Pennsylvania from January 1, 2004 to April 16, 2004, that
Class Member's Compensable Months would be four (4). Notwithstanding the
foregoing, in no event shall a National Class Member's Compensable Months be
less than one (1).

         M. "COVERED PERIOD" shall mean shall mean the following applicable
time periods:

            1. For National Class Members employed in a Covered Position
         in the Commonwealth of Pennsylvania, any time between March 16, 2003
         and the Preliminary Approval Date;

            2. For National Class Members employed in a Covered Position
         in the State of Ohio, any time between November 27, 2003 and the
         Preliminary Approval Date;

            3. For National Class Members employed in a Covered Position
         in the State of New York, any time between December 11, 2000 and the
         Preliminary Approval Date; and

            4. For National Class Members employed in any of the states
         within the United States with the exception of the States of
         California, Ohio, or New York, or the Commonwealth of Pennsylvania
         any time between August 16, 2003 and the Preliminary Approval Date.

         N. "COVERED POSITIONS" shall mean an individual's employment with
Edward Jones as a Financial Advisor (a/k/a Investment Representative) and/or
salaried or commissioned Financial Advisor Trainee.

         O. "EDWARD JONES" shall mean Defendant Edward D. Jones & Co., L.P.,
and include all of its former and present employees, officers, general
partners, limited partners,

                                      3

<PAGE>
<PAGE>

directors, agents, attorneys, parents, predecessors, successors, assigns,
subsidiaries, insurers, legal representatives, and related and/or affiliated
entities.

         P. "MONTHLY PAYMENT" shall mean the Net Settlement Amount divided by
the total number of Compensable Work Months for all National Class Members,
regardless of whether they file claims.

         Q. "NATIONAL ACTION" shall mean the above-styled consolidated
class/collective action currently pending in the United States District Court
for the Western District of Pennsylvania, styled James E. Ellis, et al. v.
Edward D. Jones & Co. L.P., Case No. 3:06-cv-00066-KRG. As consolidated, the
National Action incorporates the following four class/collective actions:
James Ellis v. Edward D. Jones & Co., L.P. (W.D. Pa. 2006), Gerald Booher v.
Edward D. Jones & Co., L.P. (W.D. Pa. 2006); Ani Weaver, on behalf of herself
and all others similar situated v. Edward D. Jones & Co., L.P. (W.D. Pa.
2007); and Jack O'Brien, Joshua Dent, individually and on behalf of all others
similarly situated v. Edward D. Jones & Co., L.P. (W.D. Pa. 2007).

         R. "NATIONAL CLASS" or "NATIONAL CLASS MEMBERS" shall mean all
individuals (including Class Representatives James E. Ellis, Gerald Booher,
Mark Tiller, Richard Staszak, Ani Weaver, Jack O'Brien, and Joshua Dent) who
are or were employed by Edward Jones in Covered Positions during the Covered
Period in any of the states within the United States, excluding the State of
California. The Parties hereby stipulate that the National Class excludes
individuals who are (or were) general partners of Edward Jones, but only for
that portion of the Covered Period during which they were a general partner.

         For purposes of the National Settlement, the National Class or
National Class Members shall include the following "NATIONAL SUBCLASSES":

                                      4

<PAGE>
<PAGE>

         a. "NATIONAL CLASS ONE" (State Law Class): All persons who were (or
are) employed by Edward Jones in any state except the States of California,
Mississippi, Alabama, and Florida, in Covered Positions during the Covered
Period.

         b. "NATIONAL CLASS TWO" (Federal Law Class): All persons who were (or
are) employed by Edward Jones in the States of Mississippi, Alabama, and
Florida in Covered Positions during the Covered Period.

         S. "NATIONAL JUDGMENT" shall mean entry of judgment granting final
approval of the National Settlement and dismissing the National Action with
prejudice.

         T. "NATIONAL SETTLEMENT" shall mean the settlement reached in the
National Action and memorialized by and through this document, the National
Stipulation.

         U. "NATIONAL STIPULATION" shall mean this document, the Amended Joint
Stipulation of Class Action Settlement and Release in the National Action.

         V. "NET SETTLEMENT AMOUNT" shall mean the net remainder of the
Settlement Fund, including all accrued interest, after attorneys' fees,
litigation costs and expenses, the Class Representatives' enhancement
payments, and claims administration costs are deducted.

         W. "NOTICE OF CLASS ACTION SETTLEMENT" or "NOTICE" shall mean Exhibit
1 to this National Stipulation, or any comparable Notice that is approved by
the Parties and the Pennsylvania Court. Exhibit 1 shall be filed with the
Pennsylvania Court no later than seven (7) days after the filing of the
Parties' Motion for Preliminary Approval of the National Settlement.

         X. "PARTICIPATING NATIONAL CLASS MEMBERS" shall mean National Class
Members who timely submit valid Claim Forms in the method and manner described
below in Section IV of this Stipulation.

         Y. "PARTIES" shall mean the Class Representatives, National Class
Members, and Edward Jones.

                                      5

<PAGE>
<PAGE>

         Z. "PENNSYLVANIA COURT" shall mean the United States District Court
for the Western District of Pennsylvania.

         AA. "PRELIMINARY APPROVAL DATE" shall mean the later of the date on
which the California Court enters an order granting preliminary approval of
the California Settlement, and the date on which the Pennsylvania Court enters
an order granting preliminary approval of the National Settlement.

         BB. "REQUEST FOR EXCLUSION FORM" shall mean Exhibit 3 or any
comparable form that is approved by the Parties and the Pennsylvania Court.
Exhibit 3 shall be filed with the Pennsylvania Court no later than seven (7)
days after the filing of the Parties' Motion for Preliminary Approval of the
National Settlement.

         CC. "SETTLEMENT ACCOUNT" shall mean an interest-bearing account at a
financial institution of Edward Jones' choosing into which the Settlement Fund
is to be deposited.

         DD. "SETTLEMENT FUND" shall mean the principal amount of Nineteen
Million Dollars ($19,000,000.00) in cash, plus interest earned on the
aforesaid amount while the funds are deposited in the Settlement Account.

         EE. "SETTLEMENT DOCUMENTS" shall collectively mean the Notice of
Class Action Settlement, Claim Form, Request for Exclusion Form, and a
postage-prepaid return envelope.

         FF. "SETTLEMENT EFFECTIVE DATE" shall mean the later of the following
dates: (1) thirty-one (31) days following the later of the California Judgment
or the National Judgment, provided that no notices of appeal are timely filed
for the California Judgment or National Judgment; or (2) if notice(s) of
appeal of the California Judgment and/or the National Judgment is/are timely
filed, the date the appeal in the California Action and/or the National Action
is/are dismissed or denied and the California Judgment and/or National
Judgment is/are no longer subject to appeal or other appellate review.

                                      6

<PAGE>
<PAGE>

                                 II. RECITALS
                                 ------------

         A. This National Stipulation resolves several class and/or collective
action lawsuits that seek recovery of overtime pay on behalf of individuals
who are or were employed by Edward Jones in Covered Positions during the
Covered Period throughout the United States, excluding the State of
California.

         B. On March 16, 2006, Plaintiff James E. Ellis filed suit against
Edward Jones in the Pennsylvania Court seeking overtime compensation pursuant
to Pennsylvania state wage and hour laws on behalf of himself and other
current and former Pennsylvania Edward Jones Financial Advisors (the "Ellis
Action"). Edward Jones filed an Answer in the Ellis Action on or about July 6,
2006.

         C. On March 31, 2006, Plaintiff Gerald Booher filed suit against
Edward Jones in the United States District Court for the Central District of
California seeking overtime compensation pursuant to federal and California
state wage and hour laws on behalf of himself and current and former Edward
Jones Financial Advisors nationwide (the "Booher Action"). The Booher
complaint was later amended to remove California state law claims and to add
Mark Tiller and Richard Staszak as named Plaintiffs. The Booher Action was
transferred to the Pennsylvania Court on July 20, 2006. On September 25, 2006,
the Pennsylvania Court consolidated the Booher and Ellis Actions at Case No.
CV 06-00066.

         D. On November 27, 2006, named Plaintiff Ani Weaver filed suit
against Edward Jones in the Court of Common Pleas of Montgomery County, Ohio
seeking overtime compensation pursuant to Ohio wage and hour laws on behalf of
herself and other current and former Ohio Edward Jones Financial Advisors and
Financial Advisor Trainees who have taken or trained to take securities
registration examinations at any time after January 1, 2000 (the "Weaver
Action"). The Weaver Action was removed to the United States District Court
for the

                                      7

<PAGE>
<PAGE>

Southern District of Ohio on December 22, 2006 and then transferred to the
Pennsylvania Court. On April 20, 2007, the Pennsylvania Court consolidated the
Weaver Action with the Ellis and Booher Actions at CV 06-00066.

         E. On December 11, 2006, named Plaintiffs Jack O'Brien and Joshua
Dent filed suit against Edward Jones in the United States District Court for
the Southern District of New York seeking overtime compensation under federal
wage and hour laws on behalf of current and former Edward Jones Financial
Advisors nationwide, and under New York wage and hour laws on behalf of
current and former New York Edward Jones Financial Advisors (the "O'Brien
Action"). The O'Brien Action was transferred to the Pennsylvania Court on
April 19, 2007 and consolidated with the Ellis, Booher, and Weaver Actions at
CV 06-00066 on May 23, 2007.

         F. As consolidated, the Ellis, Booher, Weaver, and O'Brien Actions
constitute the National Action that is the subject of this National
Stipulation and Settlement. On October 6, 2006, a Consolidated Amended
Complaint was filed on behalf of Plaintiffs Ellis, Booher, Tiller, and
Staszak. The Consolidated Amended Complaint asserted claims on behalf of all
similarly situated current and former Financial Advisors nationally for (1)
restitution of overtime wages due under the Fair Labor Standards Act, 29
U.S.C. section 201 et seq. ("FLSA"); and, (2) on behalf of Plaintiffs Ellis,
                   -------
Tiller and Staszak, and all similarly situated current and former Financial
Advisors in the Commonwealth of Pennsylvania, for unpaid overtime wages
pursuant to the Pennsylvania Minimum Wage Act of 1968 ("PMWA") as amended, 43
Pa. C.S.C. Section 333.1-1 et seq.; the Pennsylvania Minimum Wage Payment and
Collection Law ("WPCL") 43 Pa. C.S.A. Section 260.1 et seq.; and the
Pennsylvania Administrative Code (collectively, the PA Labor Laws").

         G. As part of this Settlement, Plaintiffs will file a Second
Consolidated Amended Complaint formally incorporating allegations specific to
the Weaver and O'Brien Actions. The

                                      8

<PAGE>
<PAGE>

Parties contemplate that such amendments shall specifically include
allegations of jurisdiction under the Class Action Fairness Act for all
National Class Members. Plaintiffs shall also formally incorporate the
following into the Second Consolidated Amended Complaint: (a) allegations and
claims brought pursuant to the applicable wage and hour law of each state; and
(b) allegations and claims brought pursuant to the consumer fraud, unfair
merchandising practices or comparable law of each state, with the alleged
violation of the FLSA serving as the predicate for such allegations and
claims. By and through these amendments, Plaintiffs shall seek relief that is
identical or comparable to the relief available under the FLSA, including but
not limited to back pay, interest, costs, liquidated damages, attorneys' fees,
injunctive relief and equitable relief. Plaintiffs' Second Consolidated
Amended Complaint shall be filed within seven (7) days of the filing of the
Parties' Motion for Preliminary Approval of the National Settlement.

         H. On October 19, 2005, the California Action was filed in California
state court. That action, which (among other things) asserts California state
wage-and-hour claims on behalf of current and former Edward Jones Financial
Advisors in the State of California, was later removed to, and is now pending
before, the California Court under the case style Randall Thill, individually
and on behalf of all others similarly situated v. Edward D. Jones & Co., L.P.,
Case No. 05-0238186.

         I. Subsequent to the filing of the Consolidated Amended Complaint in
this case, the parties conducted significant document discovery, which
resulted in the production of over 400,000 pages of documents and nearly 150
videotapes by Edward Jones.

         J. Representatives of the Parties in this case (as well as
representatives for the parties in the California Action) have participated in
two mediations in an effort to resolve both the National Action and the
California Action. On March 5 and 6, 2007, counsel for Ellis, Booher, Tiller
and Staszak, along with counsel for plaintiffs in the California Action,
participated

                                      9

<PAGE>
<PAGE>

in a settlement mediation in Atlanta conducted by Hunter Hughes, Esq., a
well-respected and accomplished labor and employment mediator. Edward Jones
was represented at the mediation by its national outside counsel and by its
general counsel. Though significant progress was made at the mediation, the
mediation was ultimately unsuccessful. Thereafter, Counsel for Ellis, Booher,
Tiller and Staszak, and counsel for Edward Jones continued to exchange
information after the mediation to facilitate additional settlement
negotiations.

         K. The second mediation occurred on July 11, 2007 before David A.
Rotman, Esq., another well-respected mediator. At the end of the second
mediation, the parties from both the National Action and the California Action
executed a document entitled "Memorandum of Agreement," which sets forth the
essential terms of both the National Settlement and the California Settlement.

         L. This National Stipulation and the exhibits attached hereto
constitute the entire agreement between the Parties and their counsel
concerning the National Action and the National Settlement. No extrinsic oral
or written representations or terms shall modify, vary or contradict the terms
of the National Stipulation. The California Settlement will be the subject of
a separate California Stipulation entered into in the California Action, and
will be administered by the California Court. Upon its execution by all
Parties in the National Action, and upon the execution of the California
Stipulation by the parties in the California Action, the National Stipulation
and the California Stipulation will supersede the July 11, 2007 Memorandum of
Agreement as it pertains to both the National Settlement and the California
Settlement. Both the National Stipulation and the California Stipulation are
contingent upon the approval and administration of both the National
Settlement and the California Settlement by the Pennsylvania Court and the
California Court, respectively.

                                      10

<PAGE>
<PAGE>

         M. There are no undisclosed side agreements between the Parties or
their counsel regarding the National Settlement. At all times, the
negotiations leading to the National Settlement were adversarial,
non-collusive, and at arm's-length.

         N. The Class Representatives believe the National Action is
meritorious based on alleged violations of the FLSA and the laws of the
Commonwealth of Pennsylvania and the States of New York and Ohio, and that the
National Action is appropriate for class action treatment. Edward Jones denies
any liability or wrongdoing of any kind associated with any of the facts or
claims alleged in the National Action. Class Counsel represents that they have
conducted a thorough investigation into the facts of this case, and have
diligently pursued an investigation of the National Class Members' claims
against Edward Jones. Based on their own independent investigation and
evaluation, Class Counsel are of the opinion that the National Settlement is
fair, reasonable, and adequate and is in the best interest of the National
Class Members in light of all known facts and circumstances, including the
risk of significant delay, and defenses asserted by Edward Jones. Edward Jones
agrees that the National Settlement is fair, reasonable, and adequate.

         O. The Parties agree that the Pennsylvania Court shall certify the
National Class described in Section I. R. above, solely for the purpose of
implementing the terms of the National Settlement.

                           III. TERMS OF SETTLEMENT
                           ------------------------

         A. Settlement Fund: The Settlement Fund under the National Settlement
            ---------------
shall be apportioned as follows: (1) Nineteen Million Dollars ($19,000,000.00)
less the sums set forth at (2) through (4) of this subparagraph A to pay the
timely and valid claims of Participating National Class Members; (2) up to
Four Million, Seven Hundred Fifty Thousand Dollars ($4,750,000.00) to pay
attorneys' fees and up to Seventy-Five Thousand Dollars ($75,000.00) in

                                      11

<PAGE>
<PAGE>

litigation costs and expenses to Class Counsel, subject to the Pennsylvania
Court's approval; (3) Fifteen Thousand Dollar ($15,000.00) enhancement
payments for each of the Class Representatives, subject to the Pennsylvania
Court's approval; and (4) up to Two Hundred and Twenty-Five Thousand Dollars
($225,000.00) to pay the Claims Administrator for administering the National
Settlement.

         B. Attorneys' Fees and Litigation Costs and Expenses: Class Counsel
            -------------------------------------------------
will move for an award of attorneys' fees equal to Four Million, Seven Hundred
Fifty Thousand Dollars ($4,750,000.00), which amount represents twenty-five
(25) percent of the Settlement Fund. Class Counsel will also move for
reimbursement of up to Seventy-Five Thousand Dollars ($75,000.00) in
litigation costs and expenses incurred to compensate Class Counsel for the
work already performed in the National Action and all work remaining to be
performed in documenting the National Settlement, securing the Pennsylvania
Court's approval of the National Settlement, administrating the National
Settlement, ensuring that the National Settlement is fairly administered and
implemented, and obtaining dismissal of the National Action with prejudice.
Any and all motions submitted by Class Counsel in this regard must be
consistent with the provisions of this Section. Edward Jones stipulates that
it will not oppose any motion seeking attorneys' fees or litigation costs and
expenses that is consistent with the provisions of this Section. Edward Jones
will issue an IRS Form 1099 to Class Counsel for any attorneys' fees and
litigation costs and expenses paid under this Section.

         C. Enhancements to Class Representatives: Conditioned upon the Class
            -------------------------------------
Representatives' execution of general releases in favor of Edward Jones, and
subject to approval by the Pennsylvania Court, Edward Jones agrees to pay each
of the seven (7) Class Representatives Fifteen Thousand Dollars ($15,000.00)
as an enhancement for their service as Class Representatives, in addition to
any payments they may otherwise receive as a National

                                      12

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<PAGE>

Class Members. Edward Jones will issue an IRS Form 1099 to each of the Class
Representatives for any enhancement payments paid under this Section. It shall
be Class Counsel's responsibility to file a motion with the Pennsylvania Court
seeking enhancement payments on behalf of the Class Representatives. Any and
all motions submitted by Class Counsel in this regard must be consistent with
the provisions of this Section. Edward Jones stipulates that it will not
oppose any motion seeking enhancement payments that are consistent with the
provisions of this Section.

         D. Distribution to National Class Members: The Net Settlement Amount
            --------------------------------------
shall be available for distribution to Participating National Class Members as
follows:

            1. Settlement payments shall only be available to Participating
National Class Members.

            2. Each Participating National Class Member will receive a
settlement payment equal to the Monthly Payment multiplied by his or her
Compensable Work Months, less the employee's share of taxes and withholding.
For example, if a Participating National Class Member was employed for 28
Compensable Work Months and the Monthly Payment is Forty Dollars ($40.00), he
or she would receive 28 x $40.00, or One Thousand One Hundred and Twenty
Dollars ($1,120.00), less the employee's share of taxes and withholding.

            3. For income and payroll tax purposes, the Parties agree that 50
percent of each settlement payment constitutes wages, and the remaining 50
percent of each settlement payment constitutes liquidated damages. Each
Participating National Class Member shall receive an IRS W-2 Form and an IRS
Form 1099 for any amounts paid under this Section, from either the Claims
Administrator or Edward Jones, as is appropriate. Edward Jones reserves the
right to provide such reporting to those Participating National Class Members
who are currently employed by it.

                                      13

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<PAGE>

         E. Deposit of Funds into Settlement Account: No later than five (5)
            ----------------------------------------
court days following the Preliminary Approval Date, Edward Jones will deposit
the Settlement Fund into the Settlement Account.

                       IV. NOTICE AND THE CLAIMS PROCESS
                       ---------------------------------

         A. The Parties designate Rust Consulting as the Claims Administrator.
The Claims Administrator will be responsible for locating National Class
Members, mailing the Notice of Class Action Settlement, collecting Claim
Forms, tracking returned Claim and Request for Exclusion Forms, responding to
Class Member inquiries, calculating the amounts due to each National Class
Member, issuing settlement checks, and performing such other duties as the
Parties may direct.

         B. No later than ten (10) court days following the Preliminary
Approval Date, Edward Jones will provide to Class Counsel and the Claims
Administrator an electronic database ("Database") containing the following
information with respect to each National Class Member: (1) his or her name;
(2) his or her last-known home address; (3) his or her last-known home
telephone number; (4) his or her social security number; and (5) his or her
dates of employment in each Covered Position during the Covered Period. The
Database will be true and correct to the best of Edward Jones' knowledge.
Neither Class Counsel nor the Claims Administrator shall use the Database for
any purpose other than to administer the National Settlement.

         C. No later than thirty (30) court days following the Preliminary
Approval Date, the Claims Administrator shall mail the Settlement Documents to
the last-known address for each National Class Member, as reflected in the
Database. Prior to the mailing, the Claims Administrator shall run the
addresses through the U.S. Postal Service's National Change of Address
database and update the Database as necessary.

                                      14

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<PAGE>

         D. Each Claim Form shall be pre-printed with the number of
Compensable Months that the National Class Member worked in a Covered Position
during the Covered Period according to Edward Jones' records.

         E. In addition to the Settlement Documents provided to National Class
Members by mail, the Parties will publish notice of the National Settlement in
a newspaper and/or trade publication of national circulation.

         F. In order to qualify as a Participating National Class Member and
receive a payment under the National Settlement, a National Class Member must
complete a Claim Form and timely submit that Form to the Claims Administrator
no later than the Claim/Exclusion/Objection Deadline. To be timely, Claim
Forms must be completed in full, and signed under penalty of perjury. The date
of submission of a Claim Form is deemed to be the date the Claim Form is
deposited in the U.S. Mail, postage pre-paid, as evidenced by the postmark.
The Claims Administrator shall review the Claim Form for timeliness and
completeness. In the event a Claim Form is timely but is not complete, the
Claims Administrator shall immediately notify the Class Member about the
deficiency, and the Class Member shall have until seventy (70) days following
the date of mailing of the Notice of Class Action Settlement to cure the
deficiency. Notwithstanding this paragraph, the Claims Administrator shall
have the discretion to honor any late, disputed or defective Claim Form upon a
showing of good cause by the Class Member and after consultation with the
Parties.

         G. With regard to any Settlement Documents that are returned to the
Claims Administrator as undeliverable, the Claims Administrator will perform
customary database searches or skip traces to locate a current address and, if
a current address is located, shall promptly re-mail the Settlement Documents.

                                      15

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<PAGE>

         H. If a National Class Member disagrees with the number of
Compensable Months pre-printed on his or her Claim Form, the Class Member must
write his or her correct dates of employment in each Covered Position during
the Covered Period and provide documents (e.g., check stubs, cancelled checks,
payroll documents, or registration records) evidencing his or her claim. The
Compensable Months listed on the Claim Form are presumed to be accurate unless
the Class Member proves otherwise. The Claims Administrator shall have the
final authority to decide the number of Compensable Months worked by a Class
Member, after consulting with the Parties.

         I. Any National Class Member who wishes to object to the National
Settlement must file a written objection with the Pennsylvania Court, with
copies to the Claims Administrator, Class Counsel, and Edward Jones' Counsel,
no later than the Claim/Exclusion/Objection Deadline. Unless otherwise ordered
by the Pennsylvania Court, National Class Members shall not be entitled to
speak at the final approval hearing unless they have filed and served a timely
written objection.

         J. Any National Class Member who wishes to be excluded from the
National Settlement must complete the Request for Exclusion Form and submit
that Form to the Claims Administrator no later than the
Claim/Exclusion/Objection Deadline. The date of submission is deemed to be the
date the form is deposited in the U.S. Mail, postage pre-paid, as evidenced by
the postmark. Any National Class Member who submits a timely and valid Request
for Exclusion shall receive no payment under this Settlement and shall not be
bound by the release set forth in Section V of this Stipulation.

         K. The Parties will not, either directly or indirectly, discourage
National Class Members from filing claims, nor will the Parties encourage
National Class Members to object to, or request exclusion from, the National
Settlement. However, the Claims Administrator has the

                                      16

<PAGE>
<PAGE>

right to contact National Class Members for the purpose of facilitating
participation in the National Settlement upon a timely and reasonable request
by any of the Parties. The Parties will provide the Claims Administrator with
a script for making such following up contacts.

         L. No later than ten (10) court days following the
Claim/Exclusion/Objection Deadline, the Claims Administrator shall fax or
email a report (the "Report") to Class Counsel and Edward Jones' Counsel
listing the following information: (1) the name and last-known address (as
updated through the claims administration process) of each Participating
National Class Member; (2) the name and last-known address of each National
Class Member who submitted a timely and valid Request for Exclusion Form; (3)
the overall percentage of National Class Members who submitted timely and
valid Request for Exclusion Forms; and (4) for each Participating National
Class Member (a) the gross settlement payment to that Participating National
Class Member as calculated in Section III.D, before deduction of the
employee's share of taxes and withholding; (b) the amount of the settlement
payment attributed to wages; (c) the amount of the settlement payment
attributed to liquidated damages; and (d) the net amount payable to the
Participating National Class Member, after deduction of the employee's share
of taxes and withholding.

         M. No later than five (5) court days following the Settlement
Effective Date, Edward Jones shall wire transfer the Settlement Fund
(including all interest that has accrued thereon) to the Claims Administrator.

         N. No later than ten (10) court days following the later of the
Settlement Effective Date or the date the Pennsylvania Court enters an Order
awarding enhancement payments to the Class Representatives, the Claims
Administrator shall pay to the Class Representatives the enhancements that are
awarded by the Pennsylvania Court from the Settlement Fund.

                                      17

<PAGE>
<PAGE>

         O. No later than ten (10) court days following the later of the
Settlement Effective Date or the date the Pennsylvania Court enters an Order
awarding attorneys' fees and/or litigation costs and expenses, the Claims
Administrator will pay to Class Counsel the attorney's fees and litigation
costs and expenses that are awarded by the Pennsylvania Court from the
Settlement Fund.

         P. No earlier than ten (10) court days following the Settlement
Effective Date, the Claims Administrator may deduct from the Settlement Fund
the fees and costs it has incurred in administering the National Settlement,
which amount shall not exceed $225,000.00.

         Q. No later than fifteen (15) court days following the Settlement
Effective Date, the Claims Administrator shall mail to each Participating
National Class Member, at his or her last-known address as reflected in the
Report, a settlement check representing the net amount listed on the Report.
In the event that any settlement check is returned to the Claims Administrator
as undeliverable, the Claims Administrator will use reasonable efforts to
locate a current address for the Participating National Class Member and, if a
current address is found, re-mail the check. The Claims Administrator shall be
responsible for remitting all necessary taxes and withholdings to the
appropriate governmental agencies; except that, Edward Jones understands and
agrees that it shall be solely responsible for paying the employer's share of
all applicable payroll taxes to the appropriate governmental agencies.

         R. Any settlement check that is not cashed within one hundred and
eighty (180) calendar days of its issuance by the Claims Administrator shall
be void. Notwithstanding the preceding sentence, if a Participating National
Class Member demonstrates to the reasonable satisfaction of the Claims
Administrator that he or she had good cause for failing to cash the check
within this 180-day period, and so informs the Claims Administrator within two
hundred and forty (240) calendar days following the Settlement Effective Date,
the Claims Administrator

                                      18

<PAGE>
<PAGE>

shall promptly reissue the check. Any settlement check that is re-issued by
the Claims Administrator under this paragraph will be void after three hundred
(300) calendar days following the Settlement Effective Date.

         S. Any portion of the Settlement Fund that remains in the possession
of the Claims Administrator as of three hundred and one (301) calendar days
following the Settlement Effective Date (including any uncashed or returned
settlement payments) shall be returned to Edward Jones.

                             V. RELEASE OF CLAIMS
                             --------------------

         A. Released State Law Claims - National Class One: The National Class
            ----------------------------------------------
Members in National Class One (other than those who file Request for Exclusion
Forms) hereby fully and finally release and discharge Edward Jones from any
and all "wage-and-hour" claims, as well as all rights, demands, liabilities,
claims, and causes of action of every nature, character, and description,
whether sounding in tort, contract, statute, or other applicable law, whether
known or unknown, whether anticipated or unanticipated, based on or relating
to the claims that were alleged, or which could have been alleged in the
National Action, for any type of relief, including, without limitation,
statutory, regulatory, wage order, constitutional, contractual, or common law
claims for wages, commissions, overtime pay, business expenses, deduction
reimbursement, bonuses, incentives, profit sharing, employee benefits,
damages, unpaid costs, penalties, liquidated damages, punitive damages,
interest, attorneys' fees, litigation costs and expenses, restitution, or
equitable relief, arising during the Covered Period, based on the following
categories of allegations:

            1. any and all claims stemming from or based on the alleged
         failure to pay any type of overtime wages under the laws of any
         state, excluding the State of California;

                                      19

<PAGE>
<PAGE>

            2. any and all claims stemming from or based on the alleged
         misclassification of employees as exempt employees under any law,
         excluding the laws of the State of California;

            3. any and all claims stemming from or based on the alleged
         failure to provide meal and/or rest periods under the laws of any
         state, excluding the State of California;

            4. any and all claims stemming from or based on the alleged
         improper assessment of costs, fines, penalties, trade errors, trade
         losses, charge backs or settlements against employees (i.e., wage
         deduction claims) including, without limitation, claims for improper
         trading error deductions, under the laws of any state, excluding the
         State of California;

            5. any and all claims stemming from or based on the alleged
         failure to reimburse, indemnify, cover, or pay for business expenses
         and/or costs, including, without limitation, claims for reimbursement
         of costs spent on or imposed for any type of business expense or
         support staff (i.e., business expense or business deduction claims)
         under the laws of any state, excluding the State of California;

            6. any and all claims stemming from or based on frequency of
         pay, wage statements, manner of payment, and/or record keeping under
         the laws of any state, excluding the State of California; and

            7. any and all claims for penalties or damages which
         allegedly arise from the claims described in subparagraphs (1)
         through (6) above, including, without limitation, the following types
         of relief: salary, bonuses, commissions, draws, trips, prizes,
         awards, incentives, profit sharing, vacation, employee benefits,
         overtime wages, minimum wages, meal and rest breaks, business
         expenses, and wage deductions.

                                      20

<PAGE>
<PAGE>

         B. The claims released under this Section V.A. shall be referred to
as the "Released State Law Claims," and shall include claims meeting the above
definition under any and all statutes or regulations of any state (excluding
the laws of the State of California), including, without limitation, those
asserted by Plaintiffs in their Second Amended Complaint, and those appearing
in the compendium of state specific wage and hour laws set forth in Exhibit 4
to this Stipulation. Exhibit 4 shall be filed with the Pennsylvania Court no
later than seven (7) days after the filing of the Parties' Motion for
Preliminary Approval of the National Settlement. National Class Members who
are in National Class One who fail to submit a timely request to be excluded
from the National Settlement shall be deemed to have released all Released
State Law Claims, and will be bound by all terms of this National Stipulation
and the final order approved and entered regarding the National Settlement by
the Pennsylvania Court.

         C. Released Federal Law Claims - National Class One and National
            -------------------------------------------------------------
Class Two.
---------

            1. Released Federal Claims - National Class One: In addition to the
               --------------------------------------------
Released State Law Claims outlined in Sections V.A and V.B of this
Stipulation, the National Class Members in National Class One (other than
those who file Request for Exclusion Forms) hereby fully and finally release
and discharge Edward Jones from any and all federal wage-and-hour claims,
rights, demands, liabilities and causes of action of every nature and
description arising during the Covered Period pursuant to the Fair Labor
Standards Act of 1938, as amended, 29 U.S.C. Section 201, et seq., and
applicable regulations, and/or pursuant to federal laws or regulations
asserted by Plaintiffs in their Second Consolidated Amended Complaint, whether
known or unknown, to the fullest extent permitted by law ("National Class One
Released Federal Law Claims"). National Class Members who are in National
Class One and who fail to submit a timely request to be excluded from the
National Settlement, shall be deemed, to the fullest extent permitted by law,
to have released, in addition to the Released State Law Claims, all federal
law

                                      21

<PAGE>
<PAGE>

claims as set out above, and will be bound by all terms of this National
Stipulation and the final order approved and entered regarding the National
Settlement by the Pennsylvania Court.

            2. Released Federal Claims - National Class Two: The National Class
               --------------------------------------------
Members in National Class Two who submit valid and timely Claim Forms
indicating their intent and consent to join the National Settlement hereby
fully and finally release and discharge the Edward Jones, upon final approval
of this National Settlement, from any and all federal wage-and-hour claims,
rights, demands, liabilities and causes of action of every nature and
description arising during the Covered Period pursuant to the Fair Labor
Standards Act of 1938, as amended, 29 U.S.C. Section 201, et seq., and/or
pursuant to federal laws or regulations asserted by Plaintiffs in their Second
Consolidated Amended Complaint, whether known or unknown ("National Class Two
Released Federal Law Claims").

         D. Released Claims - Class Representatives: The Class Representatives
            ---------------------------------------
hereby fully and finally release and discharge Edward Jones from any and all
claims, whether known or unknown, arising during the period from the beginning
of their respective dates of employment with Edward Jones to the Settlement
Effective Date (the "Class Representatives' Covered Period"), whether under
federal, state and/or local law, statute, ordinance, regulation, common law,
or other source of law; whether or not such claims are in the nature of claims
for damages, unpaid wages, premium pay, overtime pay, commissions, business
expenses, deduction reimbursement, bonuses, incentives, profit sharing,
employee benefits, unpaid costs, penalties, liquidated damages, punitive
damages, wage deductions, awards, missed meal periods, missed rest breaks, and
other alleged wage-and-hour violations, attorneys' fees or injunctive relief;
and whether sounding in contract or tort ("Class Representatives' Released
Claims") based on the following categories of allegations:

                                      22

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<PAGE>

            1. any and all claims stemming from or based on the alleged
         failure to pay any type of overtime wages under the laws of any
         state, excluding the State of California;

            2. any and all claims stemming from or based on the alleged
         misclassification of employees as exempt employees under any law,
         excluding the laws of the State of California;

            3. any and all claims stemming from or based on the alleged
         failure to provide meal and/or rest periods under the laws of any
         state, excluding the State of California;

            4. any and all claims stemming from or based on the alleged
         improper assessment of costs, fines, penalties, trade errors, trade
         losses, charge backs or settlements against employees (i.e., wage
         deduction claims) including, without limitation, claims for improper
         trading error deductions, under the laws of any state, excluding the
         State of California;

            5. any and all claims stemming from or based on the alleged
         failure to reimburse, indemnify, cover, or pay for business expenses
         and/or costs, including, without limitation, claims for reimbursement
         of costs spent on or imposed for any type of business expense or
         support staff (i.e., business expense or business deduction claims)
         under the laws of any state, excluding the State of California;

            6. any and all claims stemming from or based on frequency of
         pay, wage statements, manner of payment, and/or record keeping under
         the laws of any state, excluding the State of California; and

            7. any and all claims for penalties or damages which allegedly
         arise from the claims described in subparagraphs (1) through (6)
         above, including, without limitation, the following types of relief:
         salary, bonuses, commissions, draws, trips, prizes, awards,

                                      23

<PAGE>
<PAGE>

         incentives, profit sharing, vacation, employee benefits, overtime
         wages, minimum wages, meal and rest breaks, business expenses, and
         wage deductions.

         The Class Representatives' Released Claims include, but are not
limited to, claims arising from or dependent on federal and/or state laws or
regulations incorporated into the Second Consolidated Amended Complaint filed
by Plaintiffs and the following state and/or federal laws and regulations: The
Pennsylvania Minimum Wage Act, 43 Pa. Stat. Ann. Section 333.101 et seq.; the
Pennsylvania Wage Payment and Collection Law, 43 Pa. Stat. Ann. Section 231,
251, 2601.1 et seq., 291; and Title 34 of the Pennsylvania Administrative
Code, 34 Pa Code Section 231.1 et seq.; the Ohio Minimum Fair Wage Standards,
Ohio Rev. Code Ann. Section 4111.03, et seq., Ohio Rev. Code. Ann. Section
4111.09 - 99, Ohio Rev. Code Ann. Section 4113.15; the Minimum Wage Act, N.Y.
Lab. Law Section 650 et seq.; Article 6 of the New York Labor Law, Section 190
et seq.; the New York Human Rights Law, N.Y. Exec. Law Section 290 et seq.;
the New York City Human Rights Law, N.Y.C. Admin. Code Section 8-101 et seq.;
the New York Department of Regulations, 12 N.Y.C.R.R. Part 142; the Fair Labor
Standards Act, 29 U.S.C. Section 201 et seq.; and all of their implementing
regulations.

         E. Waiver of Unknown Claims. It is the desire of the Parties to
            ------------------------
fully, finally, and forever settle, compromise, and discharge all applicable
claims referenced in Sections V.A-D above, which were or which could have been
asserted in this National Action against Edward Jones, whether known or
unknown, liquidated or unliquidated. As a consequence, the Class
Representatives and each National Class Member may hereafter discover facts in
addition to or different from those which he or she now knows or believes to
be true with respect to the subject matter of the claims referenced in
Sections V.A-D, but the Class Representatives and each National Class Member,
upon the Settlement Effective Date, shall be deemed to have, and by operation
of the National Judgment shall have, fully, finally, and forever settled and
released any and all claims referenced in Section V.A-D above, whether known
or unknown, suspected or

                                      24

<PAGE>
<PAGE>

unsuspected, contingent or non-contingent, whether or not concealed or hidden,
which then exist, or heretofore have existed upon any theory of law or equity
now existing or coming into existence in the future, including, but not
limited to, conduct which is negligent, intentional, with or without malice,
or a breach of any duty, law or rule, without regard to the subsequent
discovery or existence of such different or additional facts. The National
Class Representatives acknowledge, and the National Class Members shall be
deemed by operation of the National Judgment to have acknowledged, that the
foregoing waiver was separately bargained for and a key element of the
Settlement of which this release is a part.

               VI. RIGHT TO WITHDRAW FROM NATIONAL STIPULATION
               -----------------------------------------------

         A. Either Party may withdraw from the National Stipulation upon the
occurrence of any of the following events, but only if the withdrawing Party
gives written notice to the other Parties no later than five (5) court days
following the event giving rise to the right to withdraw:

            1. The California Court enters an order denying with prejudice the
motion for preliminary approval of the California Settlement;

            2. The California Court enters an order denying with prejudice the
motion for final approval of the California Settlement;

            3. The Pennsylvania Court enters an order denying with prejudice
the motion for preliminary approval of the National Settlement;

            4. The Pennsylvania Court enters an order denying with prejudice
the motion for final approval of the National Settlement.

            5. The Claims Administrator reports pursuant to Section IV.J of the
California Stipulation and Section IV.L of the National Stipulation that more
than ten percent (10%) of the California and National Class Members combined
have timely requested exclusion from the California and National Settlements.

                                      25

<PAGE>
<PAGE>

         B. If a Party exercises its right to withdraw from the National
Stipulation in accordance with Section VI.A above, then:

            1. The National Stipulation shall be deemed void ab initio and of
                                                             ---------
no further force or effect;

            2. If the National Class described in Section I.R above has already
been certified, the Parties will jointly move, as soon as practicable, to
decertify the National Class; and

            3. The withdrawing Party shall pay the entire costs and fees of the
Claims Administrator incurred through the date of the Party's withdrawal. This
provision notwithstanding, the withdrawing Party may request that the
Pennsylvania Court order that the Parties bear their own costs or that the
non-withdrawing Party bear the cost of withdrawal, upon a showing of good
cause.

                             VII. CONFIDENTIALITY
                             --------------------

         A. The Parties and their counsel agree that, prior to the filing of
motions for preliminary approval in both the California Action and the
National Action or without the prior consent of all Parties to the California
Action and the National Action, the terms and conditions of both this
Stipulation and the California Stipulation shall be strictly confidential and
shall maintain the confidentiality of both Stipulations and both the
California and National Settlement negotiations. This provision
notwithstanding, Edward Jones reserves the right to make any and all
disclosures necessary for legal and/or regulatory requirements, and Parties to
both the California and the National Action have the right to make any and all
disclosures to the California Court and the Pennsylvania Court, respectively,
that are necessary to carry out or enforce the Memorandum of Agreement dated
July 11, 2007. Therefore, the Parties to the National Action agree not to seek
any media coverage or issue any press releases regarding the

                                      26

<PAGE>
<PAGE>

California or National Settlement negotiations or the California or National
Settlements absent the consent of all parties in both the California and the
National Action.

         B. Other than necessary disclosures made to the California Court or
the Pennsylvania Court, the fact of settlement and all related information
shall be held strictly confidential by the Class Representatives, Class
Counsel and their agents until the Preliminary Approval Date. After the
Preliminary Approval Date, the Class Representatives, Class Counsel, and their
agents may communicate with National Class Members for purposes of
administering the National Settlement as provided herein. However, the Parties
shall not issue or cause to be issued any statements to the media regarding
the California Settlement or the National Settlement or any of their terms
prior to final approval of both the California Settlement and the National
Settlement by the California Court and the Pennsylvania Court, respectively.

               VIII. RETURN OF ALL DOCUMENTS AND OTHER DISCOVERY
               -------------------------------------------------

         A. The Parties stipulate that all materials, documents, and other
discovery provided by Edward Jones to the Class Representatives, Class
Counsel, and/or National Class Members shall be destroyed and/or returned
within sixty (60) days following the Settlement Effective Date pursuant to the
terms of the Stipulated Protective Order agreed to by Class Counsel and
entered by the Court in the National Action. The Parties further acknowledge
reaffirm that the Stipulated Protective Order remains fully enforceable and
that they retain all rights and obligations outlined therein. Notwithstanding
the foregoing, Class Counsel who are licensed to practice in California may,
for purposes of complying with California ethical rules, retain discovery
materials for six (6) months and all remaining litigation materials for five
(5) years.

                         IX. MISCELLANEOUS PROVISIONS
                         ----------------------------

         A. Good Faith Representation of Compensable Work Months: Edward Jones
            ----------------------------------------------------
has represented in good faith that the total number of Compensable Work Months
that National Class

                                      27

<PAGE>
<PAGE>

Members were employed by Edward Jones in Covered Positions through December
31, 2006 is less than 360,000 selling months. Edward Jones understands that
the Class Representatives and Class Counsel have relied on this information in
entering into the National Settlement.

         B. Prohibition Against Retaliation, Discrimination, and Harassment of
            ------------------------------------------------------------------
National Class Members: Edward Jones shall not retaliate against, discriminate
----------------------
against, or harass any National Class Member as a result of that person's
participation in the National Action or the National Settlement.

         C. Representation of Parties and Consent: All of the Parties have
            -------------------------------------
been represented by counsel throughout all negotiations which preceded the
execution of the National Stipulation, and this Stipulation is made with the
consent and advice of counsel.

         D. Notices to Party Representatives: Any notices that are required or
            --------------------------------
authorized under this Stipulation shall be in writing and faxed, emailed, or
personally served to the following Party representatives:

TO CLASS COUNSEL:                           TO EDWARD JONES:

Gary F. Lynch, Esq.                         David M. Harris, Esq.
Carlson Lynch                               Greensfelder, Hemker & Gale, P.C.
36 N. Jefferson Street                      10 South Broadway, Ste. 2000
P.O. Box 7635                               St. Louis, MO 63102
New Castle, PA 16107                        Tel: (314) 241-9090
Tel: (724) 656-1555                         Fax: (314) 241-8624
Fax: (724) 656-1556                         Email: dmh@greensfelder.com
Email: glynch@carlsonlynch.com

         E. Appellate Review: The Class Representatives and Edward Jones waive
            ----------------
their right to seek any form of appellate review over any order or judgment
that is consistent with the terms of the National Stipulation. Notwithstanding
the preceding sentence: (1) Class Counsel shall have the right (but not the
obligation) to appeal any award of attorneys' fees or litigation costs and
expenses that is less than the amounts provided in Section III.B of this
Stipulation; and (2)

                                      28

<PAGE>
<PAGE>

the Class Representatives shall have the right (but not the obligation) to
appeal any enhancement awards that are less than the amounts provided for in
Section III.C of this Stipulation. However, any such appeal, if taken, shall
not otherwise affect the binding nature of the National Settlement.

         F. Amendments and Modifications: The National Stipulation may not be
            ----------------------------
modified or amended except in writing, signed by a duly authorized
representative of each Party, and approved by the Pennsylvania Court.

         G. Diligence: The Parties and their respective attorneys shall
            ---------
proceed diligently to prepare and execute all documents, seek all necessary
approvals from the Pennsylvania Court, and do all other things reasonably
necessary to consummate the National Settlement.

         H. Governing Law and Continuing Jurisdiction: The National
            -----------------------------------------
Stipulation shall be subject to, governed by, construed, enforced, and
administered in accordance with the laws of the Commonwealth of Pennsylvania,
both in its procedural and substantive aspects, and shall be subject to the
continuing jurisdiction of the Pennsylvania Court. The Pennsylvania Court
shall have the authority to consider, rule upon, and issue a final order with
respect to any dispute between the Parties or between one or more of the
Parties and third persons or entities arising from this Stipulation. This
Stipulation shall be construed as a whole according to its fair meaning and
intent, and not strictly for or against either Party, regardless of who
drafted or who was principally responsible for drafting this Stipulation or
any specific term or condition thereof.

         I. Counterparts: The National Stipulation may be executed in one or
            ------------
more counterparts. Fax signatures shall be deemed as effective as originals.

         J. Costs and Fees Due to Settlement Enforcement: In the event that
            --------------------------------------------
legal action arises out of the National Stipulation or is necessary to enforce
any of the terms or provisions of

                                      29

<PAGE>
<PAGE>

this Stipulation, the prevailing party in the action shall be entitled to
recover its reasonable attorneys' fees and costs.

         K. Authorization to Enter into National Stipulation: Each individual
            ------------------------------------------------
signing the National Stipulation warrants that he or she is expressly
authorized to enter into the National Stipulation on behalf of the Party for
which that individual signs.

         L. National Settlement Not Conditioned on Fee, Expense, or
            -------------------------------------------------------
Enhancement Payment Awards: The effectiveness of the National Settlement is
--------------------------
not conditioned upon any specific attorney fee award, litigation costs and
expenses award, or enhancement payment award by the Pennsylvania Court.

         M. National Settlement Inadmissible Under Federal and State Law: The
            ------------------------------------------------------------
Parties understand and agree that the National Settlement represents a
compromise of disputed claims. Nothing contained in the National Stipulation,
nor the fact of this Stipulation itself, shall be construed as an admission of
liability or wrongdoing on the part of Edward Jones. Pursuant to Federal Rule
of Evidence 408 and analogous state law provisions, this Stipulation, and the
exhibits hereto, shall be inadmissible in any proceeding, except as necessary
to effectuate the National Settlement.

         N. Severability: If, for any reason, any provision of this
            ------------
Stipulation is determined to be invalid or unenforceable, the remaining
provisions of this Stipulation nevertheless shall be construed, performed, and
enforced as if the invalidated or unenforceable provision had not been in the
text of the Stipulation.

         O. CAFA Notice to Attorneys General: Edward Jones shall serve upon
            --------------------------------
the appropriate state official of each state in which a National Class Member
resides and the Attorney General of the United States notice of the proposed
National Settlement in compliance with the requirements of Class Action
Fairness Act of 2005, 28 U.S.C. Section 1715, in the form

                                      30

<PAGE>
<PAGE>

attached as Exhibit 5. Exhibit 5 shall be filed with the Pennsylvania Court no
later than seven (7) days after the filing of the Parties' Motion for
Preliminary Approval of the National Settlement.

         IN WITNESS WHEREOF, the undersigned have executed this Stipulation as
of the date indicated below:

Dated: October 3, 2007              /s/ Gary F. Lynch
                                    ----------------------------------------
                                    GARY F. LYNCH, ESQ.
                                    Class Counsel
                                    On behalf of Plaintiff James E. Ellis

Dated: October 4, 2007              /s/ Gerald Wells, III
                                    ----------------------------------------
                                    GERALD WELLS, III, ESQ.
                                    Class Counsel
                                    On behalf of Plaintiffs Gerald Booher,
                                    Mark Tiller, and Richard Staszak

Dated: October 4, 2007              /s/ Steven D. Bell
                                    ----------------------------------------
                                    STEVEN D. BELL, ESQ.
                                    Class Counsel
                                    On behalf of Plaintiff Ani Weaver

Dated: October 4, 2007              /s/ Scott Cole
                                    ----------------------------------------
                                    SCOTT COLE, ESQ.
                                    Class Counsel
                                    On behalf of Plaintiffs Jack O'Brien and
                                    Joshua Dent

Dated: October 4, 2007              GREENSFELDER, HEMKER & GALE, P.C.

                                    /s/ David M. Harris
                                    ----------------------------------------
                                    DAVID M. HARRIS, ESQ.
                                    On behalf of Defendant Edward D. Jones
                                    & Co., L.P.

                                    /s/ Timothy M. Huskey
                                    ----------------------------------------
                                    TIMOTHY M. HUSKEY, ESQ.
                                    On behalf of Defendant Edward D. Jones
                                    & Co., L.P.

                                      31

<PAGE>
<PAGE>

                       NOTICE OF CLASS ACTION SETTLEMENT
         Ellis v. Edward D. Jones & Co., L.P., CV 06-00066 (W.D. Pa.)
         -------------------------------------

ATTENTION:   THIS NOTICE EXPLAINS YOUR POSSIBLE RIGHT TO RECOVER MONEY AS
----------
THE RESULT OF A $19 MILLION CLASS ACTION SETTLEMENT REACHED ON BEHALF OF
INDIVIDUALS WHO ARE OR WERE EMPLOYED BY EDWARD D. JONES & CO., L.P. ("EDWARD
JONES") IN THE POSITIONS OF FINANCIAL ADVISOR (A/K/A INVESTMENT
REPRESENTATIVE) AND/OR SALARIED OR COMMISSIONED FINANCIAL ADVISOR TRAINEE
(COLLECTIVELY THE "COVERED POSITIONS") IN ANY STATE WITHIN IN THE UNITED
STATES EXCEPT THE STATE OF CALIFORNIA. ACCORDING TO EDWARD JONES' RECORDS, YOU
ARE A MEMBER OF THE CLASS.

THE DEADLINE FOR EITHER FILING A CLAIM UNDER THE SETTLEMENT, EXCLUDING
YOURSELF FROM THE SETTLEMENT, OR OBJECTING TO THE SETTLEMENT IS [***INSERT
CLAIM/EXCLUSION/OBJECTION DEADLINE***].

PLEASE READ THIS NOTICE CAREFULLY.

I.       WHAT THE CASES ARE ABOUT
         ------------------------

         The settlement described in this Notice (referred to herein as the
"National Settlement") resolves four class and/or collective action lawsuits
that seek recovery of overtime pay on behalf of individuals who are or were
employed by Edward Jones in Covered Positions in any state within the United
States (excluding the State of California) during the "Covered Period"
(defined below in Section IV.A of this Notice).

         The first of these lawsuits, Ellis v. Edward D. Jones & Co., L.P.
(the "Ellis Action"), was filed in the United States District Court for the
Western District of Pennsylvania on March 16, 2006. The Ellis Action sought
overtime compensation pursuant to Pennsylvania state wage and hour laws on
behalf of current and former Edward Jones Financial Advisors in the
Commonwealth of Pennsylvania.

         The second of these lawsuits, Booher v. Edward D. Jones & Co., L.P.
(the "Booher Action"), was filed in the United States District Court for the
Central District of California on March 31, 2006. The Booher Action was
amended to assert only federal wage and hour claims on behalf of current and
former Edward Jones Financial Advisors nationwide. On July 20, 2006, the
Booher Action was transferred to the United States District Court for the
Western District of Pennsylvania, where it was eventually consolidated with
the Ellis Action.

         The third of these lawsuits, Weaver v. Edward D. Jones & Co., L.P.
(the "Weaver Action"), was filed in the Court of Common Pleas of Montgomery
County, Ohio on November 27, 2006. The Weaver Action sought overtime
compensation pursuant to Ohio wage and hour laws on behalf of current and
former Edward Jones Financial Advisors and Financial Advisor Trainees in the
State of Ohio. On December 22, 2006, the Weaver Action

                                      1

<PAGE>
<PAGE>

was removed to the United States District Court for the Southern District of
Ohio. The Weaver Action was then transferred to the United States District
Court for the Western District of Pennsylvania, where it was eventually
consolidated with the Ellis and Booher Actions.

         The fourth of these lawsuits, O'Brien v. Edward D. Jones & Co., L.P.
(the "O'Brien Action"), was filed in the United States District Court for the
Southern District of New York on December 11, 2006. The O'Brien Action sought
overtime compensation pursuant to federal wage and hour laws on behalf of
current and former Edward Jones Financial Advisors nationwide and pursuant to
New York wage and hour laws on behalf of current and former Financial Advisors
in the State of New York. The O'Brien Action was later transferred to the
Western District of Pennsylvania and then consolidated with the Ellis, Booher,
and Weaver Actions.

         Collectively, the Ellis, Booher, Weaver, and O'Brien Actions are
referred to herein as the "National Action." In general, the National Action
claims that Edward Jones should have paid employees in Covered Positions
overtime pay because they did not qualify as "exempt" under federal and/or
state wage and hour laws. Edward Jones denies all of these allegations,
including but not limited to the allegation that employees in Covered
Positions are entitled to overtime pay and/or exempt under federal and/or
state law.

         The parties have conducted extensive discovery and investigation and
have exchanged detailed information about the claims, defenses, and alleged
damages at issue in the National Action. The settlement described in this
Notice (the "National Settlement") was reached after several months of
negotiations, with the assistance of two independent mediators. The terms of
the National Settlement, as well as the procedure for receiving a settlement
payment, are described below.

II.      CLASS COUNSEL RECOMMEND THE SETTLEMENT
         --------------------------------------

         The law firms that represent the class (listed in Section IV.A below)
recommend that the class accept the National Settlement. The claims alleged in
the National Action are novel and highly technical. For instance, there is no
reported court decision that holds that stockbrokers are entitled to overtime
pay. To the contrary, at least one U.S. District Court and the U.S. Department
of Labor have concluded that, in some cases, stockbrokers are not entitled to
                                                              ---
overtime pay under federal law. In other words, the claims alleged in the
National Action are highly uncertain. Furthermore, even if the class obtained
a favorable judgment in the District Court for the Western District of
Pennsylvania, that judgment would likely be tied up for several years on
appeal. Recently, the Ninth Circuit Court of Appeal reversed a $52.5 million
judgment for plaintiffs in an overtime class action involving insurance claims
adjusters. In light of the substantial risk that the class might not receive
anything at all if the National Action proceeded to trial, Class Counsel
believe that the National Settlement is in the best interests of the class.

                                      2

<PAGE>
<PAGE>

III.     THERE ARE NO ADVERSE CONSEQUENCES OF MAKING A CLAIM
         ---------------------------------------------------

         Under federal law, it is illegal for Edward Jones to retaliate or
take any adverse action against a class member who makes a claim under the
National Settlement. Edward Jones has a policy against such retaliation and
also has agreed, as a term of the National Settlement, that it will comply
with the law.

         Furthermore, your decision to accept or refuse money under the
National Settlement will have no effect on Edward Jones' current or future
compensation plans.

IV.      TERMS OF THE SETTLEMENT
         -----------------------

         The terms of the National Settlement are as follows:

    A. PERSONS ELIGIBLE TO RECOVER UNDER THE FEDERAL SETTLEMENT: You are
       --------------------------------------------------------
eligible to receive money under the National Settlement, and are
therefore deemed a "National Class Member," if you were employed by
Edward Jones in a Covered Position in any state within the United States
(excluding the State of California) during the following applicable time
periods (collectively referred to as the "Covered Period"):

         1. For individuals employed in Covered Positions in the Commonwealth
of Pennsylvania, any time between March 16, 2003 and [***INSERT PRELIMINARY
APPROVAL DATE***];

         2. For individuals employed in Covered Positions in the State of
Ohio, any time between November 27, 2003 and [***INSERT PRELIMINARY APPROVAL
DATE***];

         3. For individuals employed in Covered Positions in the State of New
York, any time between December 11, 2000 and [***INSERT PRELIMINARY APPROVAL
DATE***];

         4. For individuals employed in Covered Positions in any state within
the United States other than the States of California, Ohio, or New York, or
the Commonwealth of Pennsylvania, any time between August 16, 2003 and
[***INSERT PRELIMINARY APPROVAL DATE***].

    B. ATTORNEYS REPRESENTING THE CLASS ("CLASS COUNSEL"): The Court has
       --------------------------------------------------
appointed the following attorneys to represent the class:

         Gary F. Lynch, Esq.             Gerald D. Wells, III, Esq.
         Carlson Lynch Ltd               Schiffrin Barroway Topaz & Kessler LLP
         36 N. Jefferson Street,         280 King of Prussia Road
         P.O. Box 7635                   Radnor, PA 19087
         New Castle, PA 16107            Tel: (610) 667-7706
         Tel.: (724) 656-1555            Fax: (610) 667-7056
         Fax: (724) 656-1556

                                      3

<PAGE>
<PAGE>

         Steven D. Bell, Esq.            Scott Cole, Esq.
         Steven D. Bell Co., LPA         Scott Cole & Associates, APC
         8803 Brecksville Road           The World Savings Tower
         Suite 11                        1970 Broadway, 9th Floor
         Brecksville, OH 44141           Oakland, California 94612
         Tel.: (216) 925-5484            Tel.: (510) 891-9800
         Fax: (216) 925-5480             Fax: (510) 891-7030

    C. TOTAL SETTLEMENT AMOUNT: Edward Jones will deposit Nineteen
       -----------------------
Million Dollars and No Cents ($19,000,000.00) (the "Settlement Fund")
into an interest-bearing account at a financial institution of Edward
Jones' choosing. The Settlement Fund, along with the interest accrued
thereon, will be used to make settlement payments to Participating
National Class Members (defined below), and to pay attorneys' fees,
litigation costs and expenses of Class Counsel, enhancement payments to
named plaintiffs, and the costs of claims administration.

    D. ATTORNEYS' FEES, LITIGATION COSTS AND EXPENSES, AND ENHANCEMENT
       ---------------------------------------------------------------
PAYMENTS: Class Counsel will ask the Court to award attorneys' fees equal
--------
to Four Million, Seven Hundred Fifty Thousand Dollars and No Cents
($4,750,000.00), which amount represents 25 percent of the Settlement
Fund, plus up to Seventy-Five Thousand Dollars and No Cents ($75,000.00)
in litigation costs and expenses incurred in prosecuting the National
Action on behalf of the class. In addition, Class Counsel will ask the
Court to authorize enhancement payments of Fifteen Thousand Dollars and
No Cents ($15,000.00) to each of the seven (7) named plaintiffs in the
National Action for their services as Class Representatives, as well as
their willingness to accept the risk of an unsuccessful outcome in this
litigation. The attorneys' fees, litigation costs and expenses, and
enhancement payments approved by the Court will be deducted from the
Settlement Fund under the National Settlement.

    E. CLAIMS ADMINISTRATION COSTS: Subject to Court approval, the Claims
       ---------------------------
Administrator will be allotted a reasonable fee, not to exceed Two
Hundred and Twenty-Five Thousand Dollars ($225,000.00). This amount will
be paid from the Settlement Fund.

    F. ALLOCATION OF SETTLEMENT AMOUNT: After the Claims Administrator
       -------------------------------
deducts the court-approved attorneys' fees, litigation costs and
expenses, and enhancement payments, and the costs of claims
administration from the Settlement Fund, the net settlement amount
remaining (the "Net Settlement Amount") will be divided among all
"Participating National Class Members" as follows:

         1. "Participating National Class Members" means all National Class
Members who file timely Claim Forms with the Claims Administrator. For more
information on how to submit a Claim Form, see Section V.A of this Notice.

         2. Each Participating National Class Member will receive a settlement
payment equal to the "Monthly Payment" multiplied by the number of
"Compensable

                                      4

<PAGE>
<PAGE>

Work" Months he or she was employed in a Covered Position during the Covered
Period, less his or her share of taxes and withholding.

         a. "Compensable Work Month" means a month in which the Participating
National Class Member was employed in a Covered Position for at least 15
calendar days. For example, if you were employed as a Financial Advisor in
Pennsylvania between January 1, 2004 and September 14, 2004, your Compensable
Work Months would be 8.

         b. The "Monthly Payment" will be calculated by dividing the Net
Settlement Amount by the total number of Compensable Work Months for all
National Class Members, regardless of whether they file claims.

         c. By way of example, if you worked eight (8) Compensable Work Months
and the Monthly Payment is Fifty Dollars and No Cent ($50.00), your
settlement payment would be 8 x $ 50.00 = $ 400.00 (less your share of taxes
and withholding).

    G. RELEASE OF CLAIMS: Upon the effective date of the National
       -----------------
Settlement:

         1. RELEASED STATE LAW CLAIMS - NATIONAL CLASS ONE: All individuals
            ----------------------------------------------
who were (or are) employed by Edward Jones in Covered Positions during the
Covered Period in any state except the States of California, Mississippi,
Alabama, or Florida ("National Class One")(other than those who file Request
for Exclusion Forms) will be deemed to have fully and finally released and
discharged Edward Jones from any and all "wage-and-hour" claims, as well as
all rights, demands, liabilities, claims, and causes of action of every
nature, character, and description, whether sounding in tort, contract,
statute, or other applicable law, whether known or unknown, whether
anticipated or unanticipated, based on or relating to the claims that were
alleged, or which could have been alleged in the National Action, for any type
of relief, including, without limitation, statutory, regulatory, wage order,
constitutional, contractual, or common law claims for wages, commissions,
overtime pay, business expenses, deduction reimbursement, bonuses, incentives,
profit sharing, employee benefits, damages, unpaid costs, penalties,
liquidated damages, punitive damages, interest, attorneys' fees, litigation
costs and expenses, restitution, or equitable relief, arising during the
Covered Period, based on the following categories of allegations:

         1.   any and all claims stemming from or based on the alleged failure
              to pay any type of overtime wages under the laws of any state,
              excluding the State of California;

         2.   any and all claims stemming from or based on the alleged
              misclassification of employees as exempt employees under any
              law, excluding the laws of the State of California;

         3.   any and all claims stemming from or based on the alleged failure
              to provide meal and/or rest periods under the laws of any state,
              excluding the State of California;

                                      5

<PAGE>
<PAGE>

         4.   any and all claims stemming from or based on the alleged
              improper assessment of costs, fines, penalties, trade errors,
              trade losses, charge backs or settlements against employees
              (i.e., wage deduction claims) including, without limitation,
              claims for improper trading error deductions, under the laws of
              any state, excluding the State of California;

         5.   any and all claims stemming from or based on the alleged failure
              to reimburse, indemnify, cover, or pay for business expenses
              and/or costs, including, without limitation, claims for
              reimbursement of costs spent on or imposed for any type of
              business expense or support staff (i.e., business expense or
              business deduction claims) under the laws of any state,
              excluding the State of California;

         6.   any and all claims stemming from or based on frequency of pay,
              wage statements, manner of payment, and/or record keeping under
              the laws of any state, excluding the State of California; and

         7.   any and all claims for penalties or damages which allegedly
              arise from the claims described in subparagraphs (1) through (6)
              above, including, without limitation, the following types of
              relief: salary, bonuses, commissions, draws, trips, prizes,
              awards, incentives, profit sharing, vacation, employee benefits,
              overtime wages, minimum wages, meal and rest breaks, business
              expenses, and wage deductions.

         These released claims shall be referred to as the "Released State Law
Claims," and shall include claims meeting the above definition under any and
all statutes or regulations of any state (excluding the laws of the State of
California), including, without limitation, those asserted in the Second
Amended Complaint filed in the National Action, and those appearing in the
compendium of state specific wage and hour laws set forth in Exhibit 4 to the
"Amended Joint Stipulation of Class Action Settlement and Release,"which is
currently on file with the Court and attached to the accompanying Notice of
Class Action Settlement provided to me in this case. National Class Members
who are in National Class One who fail to submit a timely request to be
excluded from the National Settlement shall be deemed to have released all
Released State Law Claims, and will be bound by all terms of the National
Settlement and the final order approved and entered regarding the National
Settlement by the Court.

         2. RELEASED FEDERAL LAW CLAIMS - NATIONAL CLASS ONE AND NATIONAL
            -------------------------------------------------------------
            CLASS TWO:
            ---------

         a. RELEASED FEDERAL CLAIMS - NATIONAL CLASS ONE: In addition to the
            --------------------------------------------
Released State Law Claims outlined above in Section IV.G.1 of this Notice and
in Exhibit 4 to the "Amended Joint Stipulation of Class Action Settlement and
Release" filed with the Court and attached hereto for reference, the National
Class Members in National Class One (other than those who file Request for
Exclusion Forms) hereby fully and finally release and discharge Edward Jones
from any and all federal wage-and-hour claims, rights, demands, liabilities
and causes of action of every nature and description arising during the
Covered Period pursuant to

                                      6

<PAGE>
<PAGE>

the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. Section 201, et
seq., and applicable regulations, and/or pursuant to federal laws or
regulations asserted in the Second Consolidated Amended Complaint filed in the
National Action, whether known or unknown, to the fullest extent permitted by
law ("National Class One Released Federal Law Claims"). In other words,
National Class Members who are in National Class One and who fail to submit a
timely request to be excluded from the National Settlement, shall be deemed,
to the fullest extent permitted by law, to have released, in addition to the
Released State Law Claims, all federal law claims as set out above, and will
be bound by all terms of the National Settlement and the final order approved
and entered regarding the National Settlement by the Court.

         b. RELEASED FEDERAL CLAIMS - NATIONAL CLASS TWO: All individuals who
            --------------------------------------------
were (or are) employed by Edward Jones in the States of Mississippi, Alabama,
or Florida in Covered Positions during the Covered Period ("National Class
Two") and who submit valid and timely Claim Forms, thereby indicating their
intent and consent to join the National Settlement, will be deemed to have
fully and finally released and discharged Edward Jones from any and all
federal wage-and-hour claims, rights, demands, liabilities and causes of
action of every nature and description arising during the Covered Period
pursuant to the Fair Labor Standards Act of 1938, as amended, 29 U.S.C.
Section 201, et seq., and/or pursuant to federal laws or regulations asserted
in the Second Consolidated Amended Complaint filed in the National Action,
whether known or unknown, to the fullest extent permitted by law ("National
Class Two Released Federal Law Claims").

              3. ALL NATIONAL CLASS MEMBERS - WAIVER OF UNKNOWN CLAIMS: It is
                 -----------------------------------------------------
the desire of the Parties to fully, finally, and forever settle, compromise,
and discharge all applicable claims referenced above in Sections IV.G.1 and
IV.G.2 of this Notice, which were or which could have been asserted in this
National Action against Edward Jones, whether known or unknown, liquidated or
unliquidated. As a consequence, each National Class Member may hereafter
discover facts in addition to or different from those which he or she now
knows or believes to be true with respect to the subject matter of the claims
referenced in Sections IV.G.1 and IV.G.2 , but each National Class Member,
upon the Settlement's effective date, shall be deemed to have, and by
operation of the final order approved and entered regarding the National
Settlement by the Court shall have, fully, finally, and forever settled and
released any and all released claims, known or unknown, suspected or
unsuspected, contingent or non-contingent, whether or not concealed or hidden,
which then exist, or heretofore have existed upon any theory of law or equity
now existing or coming into existence in the future, including, but not
limited to, conduct which is negligent, intentional, with or without malice,
or a breach of any duty, law or rule, without regard to the subsequent
discovery or existence of such different or additional facts. National Class
Members shall be deemed by operation of the final order approved and entered
regarding the National Settlement by the Court to have acknowledged, that the
foregoing waiver was separately bargained for and a key element of the
settlement of which this release is a part.

     V. YOUR RIGHTS AS A CLASS MEMBER.
        -----------------------------

         You have the right to: (A) elect to accept the benefits of the
National Settlement; or (B) object to the National Settlement; or (C) exclude
                     --                                        --
yourself from the National Settlement. If you

                                      7

<PAGE>
<PAGE>

elect to accept the benefits of the National Settlement (option A), you will
be represented at no cost to yourself by Class Counsel. Class Counsel cannot
represent you if you choose to object to any aspect of the National Settlement
(option B). You may retain counsel at your own expense to represent you if you
wish. UNLESS YOU EXCLUDE YOURSELF FROM THE SETTLEMENT, YOU WILL BE BOUND BY
THE TERMS OF THE SETTLEMENT.

         A. TO RECEIVE MONEY UNDER THE NATIONAL SETTLEMENT: In order to
            ----------------------------------------------
receive money under the National Settlement, you must fill out and return by
mail the enclosed Claim Form (the GREEN document) to the Claims Administrator
at the following address:

                       EDWARD JONES Claims Administrator
                              c/o Rust Consulting
                     [INSERT ADDRESS AND TOLL-FREE NUMBER]

YOUR CLAIM FORM MUST BE POSTMARKED NO LATER THAN [***INSERT
CLAIM/OBJECTION/EXCLUSION DEADLINE***]. If your Claim Form is not postmarked
by that date, you will not receive a settlement payment but you will be bound
by the terms of the National Settlement if it is approved by the Court. If the
Claim Form is sent from within the United States, it must be sent through the
United States Postal Service by first class U.S. Mail or the equivalent. Do
not use a postage meter because that may not result in a postmark appearing on
the envelope containing your Claim Form. If you lose, misplace, or require
another Claim Form, you should contact the Claims Administrator as set forth
above.

         B. TO OBJECT TO THE NATIONAL SETTLEMENT: If you disagree with any
            ------------------------------------
part of the National Settlement, you may object to the Settlement. To object,
you must file a written objection that clearly explains the basis for your
objection and file that objection in the Office of the Clerk, U.S. District
Court for the Western District of Pennsylvania, located at Penn Traffic
Building, 319 Washington Street, Johnstown, PA 15901 on or before [***INSERT
CLAIM/OBJECTION/EXCLUSION DEADLINE***] with copies to the following attorneys:

         CLASS COUNSEL                  EDWARD JONES' COUNSEL
         -------------                  ---------------------
         Gary F. Lynch, Esq.            David M. Harris, Esq.
         Carlson Lynch Ltd.             Greensfelder, Hemker & Gale, P.C.
         P.O. Box 7635                  10 S. Broadway, Suite 2000
         36 N. Jefferson Street         St. Louis, MO 63102
         New Castle, PA 16107

         Any written objection must also state your full name, address, and
the dates of your employment with Edward Jones. If you file a written
objection to the National Settlement, you or your attorney may appear in Court
to argue your objection at the Final Approval Hearing. The date, time, and
place of the Final Approval Hearing are listed in Section VI below. Unless you
file a timely written objection, you will not be allowed to speak at the Final
Approval Hearing. If you fail to file and serve a written objection in the
manner described above and by the specific deadline, you will be deemed to
have waived any objections and may be foreclosed from making any such
objection (whether by appeal or otherwise) to the National Settlement.

                                      8

<PAGE>
<PAGE>

         C. TO EXCLUDE YOURSELF FROM THE NATIONAL SETTLEMENT: If you do not
            ------------------------------------------------
wish to be bound by the National Settlement, you may exclude yourself
("opt-out") by completely filling out and returning the enclosed Request for
Exclusion Form (the RED document) to the Claims Administrator at the address
listed above. To be valid, the Request for Exclusion Form must be postmarked
no later than [***INSERT CLAIM/OBJECTION/EXCLUSION DEADLINE***]. If you submit
a Request for Exclusion Form after that date, your Request for Exclusion will
be rejected and you will be bound by the Release of Claims as described in
Section IV.G above and all other terms of the National Settlement. If the
Request for Exclusion Form is sent from within the United States, it must be
sent through the United States Postal Service by first class U.S. Mail, or the
equivalent. Do not use a postage meter as that may not result in a postmark
appearing on the envelope containing your Request for Exclusion Form. If you
submit a complete and timely Request for Exclusion Form, you will no longer be
a member of the class and will receive no benefits under the National
Settlement, but you will retain whatever claims you may have against Edward
Jones.

DO NOT SUBMIT BOTH THE CLAIM FORM AND A REQUEST FOR EXCLUSION FORM. IF YOU
SUBMIT BOTH, THE REQUEST FOR EXCLUSION MAY BE INVALID AND YOU MAY BE INCLUDED
IN THE CLASS, AT WHICH POINT YOU WILL BE BOUND BY THE TERMS OF THE NATIONAL
SETTLEMENT.

     VI. FINAL APPROVAL HEARING.
         ----------------------

         The Court will hold a hearing on __________________, 2008 at ___.m.
(Eastern Time), to determine whether the National Settlement should be finally
approved as fair, reasonable, and adequate. At the hearing, the Court will
also be asked to approve Class Counsel's request for attorneys' fees,
litigation costs and expenses, and enhancement awards for the named
plaintiffs. The Court is located in Courtroom A, 208 Penn Traffic Building,
319 Washington Street, Johnstown, PA 15901. The hearing may be continued
without further notice to the class. YOU ARE NOT REQUIRED TO APPEAR AT THE
                                             ---
HEARING.

     VII. ADDITIONAL INFORMATION.
          ----------------------

         This is a summary of the basic terms of the National Settlement. For
the precise terms and conditions of the Settlement, you should consult the
"Amended Joint Stipulation of Class Action Settlement and Release," which is
on file with the Clerk of the Court. If you have any questions about the
National Settlement, you may contact either Class Counsel or the Claims
Administrator at the addresses and telephone numbers listed above. PLEASE DO
NOT TELEPHONE THE COURT OR EDWARD JONES (OR ITS COUNSEL) ABOUT THIS NOTICE.

                      BY ORDER OF THE U.S. DISTRICT COURT

                                      9

<PAGE>
<PAGE>

                                  CLAIM FORM

         Ellis v. Edward D. Jones & Co., L.P., CV 06-00066 (W.D. Pa.)
         -------------------------------------

INSTRUCTIONS: IF YOU WERE EMPLOYED IN A COVERED POSITION DURING THE COVERED
------------
PERIOD AS DESCRIBED IN THE ENCLOSED NOTICE OF CLASS ACTION SETTLEMENT, YOU
MUST COMPLETE AND RETURN THIS CLAIM FORM BY MAIL TO THE CLAIMS ADMINISTRATOR
AT THE ADDRESS LISTED BELOW ON OR BEFORE [***INSERT CLAIM/OBJECTION/EXCLUSION
DEADLINE***] IN ORDER TO RECEIVE A SETTLEMENT PAYMENT.

I.       PLEASE PROVIDE THE FOLLOWING INFORMATION:
         ----------------------------------------

         Name (first, middle and last):_________________________________________

         Home Street Address:  _________________________________________________

         City, State, Zip Code:  _______________________________________________

         Home Telephone Number: (____) __________________

         Social Security Number: ________________________

II.      YOUR WORK HISTORY AT EDWARD D. JONES & CO., L.P. (" EDWARD JONES"):
         -------------------------------------------------------------------

         According to Edward Jones' payroll records, you held a "Covered
Position" (which is defined as a Financial Advisor (a/k/a Investment
Representative) and/or salaried or commissioned Financial Advisor Trainee)
with Edward Jones in any state within the United States (excluding the State
of California) for a total of _____ "Compensable Work Months" between
[***INSERT APPROPRIATE COVERED PERIOD****](the "Covered Period"). A
"Compensable Work Month" is a calendar month in which you held a Covered
Position for at least 15 days during the Covered Period. For example, if you
were employed as a Financial Advisor in Pennsylvania between January 1, 2004
and September 14, 2004, your Compensable Work Months would be eight (8).

III.     IF YOU DISPUTE EDWARD JONES' PAYROLL RECORDS:
         ---------------------------------------------

         If you believe that the number of Compensable Work Months listed
above is incorrect, please:

         A. Write below the number of Compensable Work Months you held a
Covered Position with Edward Jones during the Covered Period, where
"Compensable Work Months" means those calendar months in which you held a
Covered Position for at least 15 calendar days.

                   ________         Compensable Work Months

<PAGE>
<PAGE>

         B. Please attach to this Claim Form any documents that support the
number of Compensable Work Months you are claiming (for example, pay stubs,
payroll records, or registration records). Please be advised that Edward
                                           -----------------------------
Jones' payroll records are presumed to be correct unless the documents you
--------------------------------------------------------------------------
provide prove otherwise.
------------------------

IV.      RELEASE OF CLAIMS: Upon the effective date of the National Settlement,
         -----------------
I understand that I will be deemed to have fully and finally released and
discharged Edward Jones from the following claims, as applicable, and will be
deemed to be bound by all terms of the National Settlement and the final order
approved and entered regarding the National Settlement by the Court:

         A.       ALL INDIVIDUALS WHO WERE (OR ARE) EMPLOYED BY EDWARD JONES
                  IN COVERED POSITIONS DURING THE COVERED PERIOD IN ANY STATE
                  EXCEPT THE STATES OF CALIFORNIA, MISSISSIPPI, ALABAMA, AND
                  FLORIDA:

                  1.       RELEASED STATE LAW CLAIMS.

         I hereby fully and finally release and discharge Edward Jones from
any and all "wage-and-hour" claims, as well as all rights, demands,
liabilities, claims, and causes of action of every nature, character, and
description, whether sounding in tort, contract, statute, or other applicable
law, whether known or unknown, whether anticipated or unanticipated, based on
or relating to the claims that were alleged, or which could have been alleged
in the National Action, for any type of relief, including, without limitation,
statutory, regulatory, wage order, constitutional, contractual, or common law
claims for wages, commissions, overtime pay, business expenses, deduction
reimbursement, bonuses, incentives, profit sharing, employee benefits,
damages, unpaid costs, penalties, liquidated damages, punitive damages,
interest, attorneys' fees, litigation costs and expenses, restitution, or
equitable relief, arising during the Covered Period, based on the following
categories of allegations:

         1.   any and all claims stemming from or based on the alleged failure
              to pay any type of overtime wages under the laws of any state,
              excluding the State of California;

         2.   any and all claims stemming from or based on the alleged
              misclassification of employees as exempt employees under any
              law, excluding the laws of the State of California;

         3.   any and all claims stemming from or based on the alleged failure
              to provide meal and/or rest periods under the laws of any state,
              excluding the State of California;

         4.   any and all claims stemming from or based on the alleged
              improper assessment of costs, fines, penalties, trade errors,
              trade losses, charge backs or settlements against employees
              (i.e., wage deduction claims) including, without limitation,
              claims for improper trading error deductions, under the laws of
              any state, excluding the State of California;

<PAGE>
<PAGE>

         5.   any and all claims stemming from or based on the alleged failure
              to reimburse, indemnify, cover, or pay for business expenses
              and/or costs, including, without limitation, claims for
              reimbursement of costs spent on or imposed for any type of
              business expense or support staff (i.e., business expense or
              business deduction claims) under the laws of any state,
              excluding the State of California;

         6.   any and all claims stemming from or based on frequency of pay,
              wage statements, manner of payment, and/or record keeping under
              the laws of any state, excluding the State of California; and

         7.   any and all claims for penalties or damages which allegedly
              arise from the claims described in subparagraphs (1) through (6)
              above, including, without limitation, the following types of
              relief: salary, bonuses, commissions, draws, trips, prizes,
              awards, incentives, profit sharing, vacation, employee benefits,
              overtime wages, minimum wages, meal and rest breaks, business
              expenses, and wage deductions.

         I understand that these released claims include claims meeting the
above definition under any and all statutes or regulations of any state
(excluding the laws of the State of California), including, without
limitation, those asserted in the Second Consolidated Amended Complaint filed
in the National Action, and those appearing in the compendium of state
specific wage and hour laws set forth in Exhibit 4 to the "Amended Joint
Stipulation of Class Action Settlement and Release,"which is currently on file
with the Court and attached to the accompanying Notice of Class Action
Settlement provided to me in this case.

                  2.       RELEASED FEDERAL LAW CLAIMS.

         In addition to the Released State Law Claims outlined above in
Section IV.A.1 of this Claim Form, in Section IV.G.1 of the accompanying
Notice of Class Action Settlement, and in Exhibit 4 to the "Amended Joint
Stipulation of Class Action Settlement and Release," I hereby fully and
finally release and discharge Edward Jones from any and all federal
wage-and-hour claims, rights, demands, liabilities and causes of action of
every nature and description arising during the Covered Period pursuant to the
Fair Labor Standards Act of 1938, as amended, 29 U.S.C. Section 201, et seq.,
and applicable regulations, and/or pursuant to federal laws or regulations
asserted in the Second Consolidated Amended Complaint filed in the National
Action, whether known or unknown, to the fullest extent permitted by law.

         B.      ALL INDIVIDUALS WHO WERE (OR ARE) EMPLOYED BY EDWARD JONES IN
                 COVERED POSITIONS DURING THE COVERED PERIOD IN THE STATES OF
                 MISSISSIPPI, ALABAMA, AND FLORIDA:

         I hereby fully and finally release and discharge Edward Jones from
any and all federal wage-and-hour claims, rights, demands, liabilities and
causes of action of every nature and description arising during the Covered
Period pursuant to the Fair Labor Standards Act of 1938, as amended, 29 U.S.C.
Section 201, et seq., and/or pursuant to federal laws or regulations asserted
in the Second Consolidated Amended Complaint filed in the National Action,
whether known or unknown.

<PAGE>
<PAGE>

         C.       ALL NATIONAL CLASS MEMBERS - WAIVER OF UNKNOWN CLAIMS:

           I understand that it is the desire of the Parties to fully,
finally, and forever settle, compromise, and discharge all applicable claims
referenced above in Sections IV.A and IV.B of this Claim Form, in Sections
IV.G.1 and IV.G.2 of the accompanying Notice of Class Action Settlement, and
in Exhibit 4 to the "Amended Joint Stipulation of Class Action Settlement and
Release," which were or which could have been asserted in this National Action
against Edward Jones, whether known or unknown, liquidated or unliquidated. As
a consequence, I understand that I may hereafter discover facts in addition to
or different from those which I now know or believe to be true with respect to
the subject matter of the claims referenced in Sections IV.A and IV.B of this
Claim Form, in Sections IV.G.1 and IV.G.2 of the accompanying Notice of Class
Action Settlement, and in Exhibit 4 to the "Amended Joint Stipulation of Class
Action Settlement and Release," but I understand that upon the National
Settlement's effective date, I shall be deemed to have, and by operation of
the final order approved and entered regarding the National Settlement by the
Court shall have, fully, finally, and forever settled and released any and all
released claims, whether known or unknown, suspected or unsuspected,
contingent or non-contingent, whether or not concealed or hidden, which then
exist, or heretofore have existed upon any theory of law or equity now
existing or coming into existence in the future, including, but not limited
to, conduct which is negligent, intentional, with or without malice, or a
breach of any duty, law or rule, without regard to the subsequent discovery or
existence of such different or additional facts. I also acknowledge that the
foregoing waiver was separately bargained for and a key element of the
National Settlement of which this release is a part.

V.       MAILING INSTRUCTIONS:
         ---------------------

         If you disagree with the number of Compensable Months listed above in
Section II, please mail this completed Claim Form, along with any supporting
documentation to the Claims Administrator at the address listed below. Your
completed Claim Form must be postmarked on or before [** INSERT
CLAIM/EXCLUSION/OBJECTION DEADLINE **] or else the number of Compensable
Months listed in Section II will be presumed to be correct and you will
receive a settlement payment based on the number of Compensable Months printed
above. The address of the Claims Administrator is:

                       EDWARD JONES Claims Administrator
                              c/o Rust Consulting
                     [INSERT ADDRESS AND TOLL-FREE NUMBER]

VI.      PLEASE SIGN BELOW:
         ------------------

         I declare under penalty of perjury under the laws of the United
States that the foregoing is true and correct.

<PAGE>
<PAGE>

Dated: ______________               _____________________________________
                                    (Signature)

                                    _____________________________________
                                    (Print Name)

If you have any questions about completing this Claim Form, please contact the
Claims Administrator at [** INSERT TELEPHONE NUMBER **]

<PAGE>
<PAGE>

                             REQUEST FOR EXCLUSION
 Ellis et al. v. Edward D. Jones & Co., L.P., Case No. CV 06-00066 (W.D. Pa.)
 -------------------------------------------

INSTRUCTIONS: IF YOU DO NOT WANT TO PARTICIPATE IN THE SETTLEMENT THAT IS
-------------        ------
DESCRIBED IN THE NOTICE OF CLASS ACTION SETTLEMENT THAT ACCOMPANIES THIS FORM
(I.E. THE "NATIONAL SETTLEMENT"), PLEASE COMPLETE THIS REQUEST FOR EXCLUSION
FORM IN ITS ENTIRETY, SIGN THE FORM UNDER PENALTY OF PERJURY, AND RETURN IT TO
THE CLAIMS ADMINISTRATOR AT THE ADDRESS LISTED BELOW. IF YOU CHOOSE TO
COMPLETE THIS REQUEST FOR EXCLUSION, THE DEADLINE FOR MAILING IT TO THE CLAIMS
ADMINISTRATOR IS [**INSERT CLAIM/EXCLUSION/OBJECTION DEADLINE**] (AS EVIDENCED
BY THE POSTMARK).

I.       PERSONAL INFORMATION:
         ---------------------

         Name (first, middle and last):_________________________________________

         Home Street Address:  _________________________________________________

         City, State, Zip Code:  _______________________________________________

         Home Telephone Number: (____) ____________________

         Social Security Number: __________________________

II.      REQUEST FOR EXCLUSION:
         ----------------------

         By signing and returning this Request for Exclusion Form, I certify,
under penalty of perjury, that I have carefully read the Notice of Class
Action Settlement and that I wish to be excluded from the National Settlement.
I understand this means that I will not receive any money or other benefits
---------------------------------------------------------------------------
under the National Settlement.
-----------------------------

III.     MAILING INSTRUCTIONS:
         ---------------------

         If you choose to return this Request for Exclusion Form, you must
mail it to the Claims Administrator at the following address. To be valid, the
Request for Exclusion must be postmarked on or before
[**CLAIM/EXCLUSION/OBJECTION DEADLINE **]:

                       EDWARD JONES Claims Administrator
                              c/o Rust Consulting
                     [INSERT ADDRESS AND TOLL-FREE NUMBER]

                                      1

<PAGE>
<PAGE>

IV.      PLEASE SIGN BELOW:
         ------------------

         I declare under penalty of perjury under the laws of the United
States that the foregoing is true and correct.

Dated: ______________               _____________________________________
                                    (Signature)

                                    _____________________________________
                                    (Print Name)

                                      2

<PAGE>
<PAGE>

                                   EXHIBIT 4

--------------------------------------------------------------------------------
Alabama                    NONE
--------------------------------------------------------------------------------
Alaska                     Alaska Wage & Hour Act: Alaska Stat. Section
                           23.10.050 - 23.10.150 Sections 23.45.010,
                           23.05.140;
                           Alaska Admin. Code tit. 8, Section 15.100,
                           15.102,15.140, 15.160-15.165, 15.910, Section
                           25.030.
--------------------------------------------------------------------------------
Arizona                    General Wages Statute:  Ariz. Rev. Stat.
                           Sections 23-350 to 362.
--------------------------------------------------------------------------------
Arkansas                   Minimum Wage Act of the State of Arkansas: Ark.
                           Code Ann. Section 11-4-201 et seq.; Section
                           11-4-4-1 et seq.
--------------------------------------------------------------------------------
California                 Cal. Labor Code Sections 23, 200-243, 300, 400-410,
                           500-558, 1171, 1194.2, 2698-99, 2800-2806;
                           Cal. Code of Regs. Tit. 8 Section 11010;
                           California Wage Order 4-2001;
                           Cal. Business and Prof. Code Section 17200-17210.
--------------------------------------------------------------------------------
Colorado                   Colorado Minimum Wages of Workers Act: Colo. Rev.
                           Stat. Section 8-6-101 et seq.;
                           Colo. Rev. Stat. Section 8-4-101, et seq.;
                           Colorado Minimum Wage Order Number 22, (7 Colo.
                           Code. Regs. Section 1103-1);
                           Colorado Advisory Bulletins # 2, 4,10, 21.
--------------------------------------------------------------------------------
Connecticut                Conn. Gen. Stat. Sections 31-51, 31-58, 31-60,
                           31-68, 31-69;
                           Conn. Gen. Stat. Sections 31-70, 31-71, 31-72,
                           31-73, 31-76;
                           Conn. Agencies Regs. Section 31-60-10 - Section
                           31-60-16.
--------------------------------------------------------------------------------
Delaware                   Wage Payment & Collection Act: Del. C. tit. 19,
                           Sections 901- 911, Del. C. Sections 1101 et seq.;
                           10 Del. C. Section 707(a);
                           CDR 65-400-001.
--------------------------------------------------------------------------------
Florida                    NONE
--------------------------------------------------------------------------------
Georgia                    Georgia Minimum Wage Act: O.C.G.A. Section34-4-1,
                           et seq. (including Section 34-4-5);
                           O.C.G.A. Section 34-7-1, et seq. (including Section
                           34-7-2).
--------------------------------------------------------------------------------
Hawaii                     Hawaii Wage and Hour Law: Haw. Rev. Stat. Sections
                           387-1, et seq.;
                           Hawaii Wage Payment Laws: Haw. Rev. Stat. Sections
                           388-1 et seq.;
                           WCHR Section 12-20-01-12-20-06.
--------------------------------------------------------------------------------
Idaho                      Idaho Wage Payment Act: Idaho Code Ann. Sections
                           45-601-45-621, 44-1501, et seq.
--------------------------------------------------------------------------------
Illinois                   Illinois Minimum Wage Act: 820 Ill. Comp. Stat. 105;
                           Illinois Wage Payment & Collection Act: 820 Ill.
                           Comp. Stat. 115;
                           56 Ill. Adm. Code 210.110, 56 Ill. Adm. Code
                           210.400--56 Ill. Adm. Code 210.430 , 56 Ill. Adm.
                           Code 300.510, 300.720, 300.730, 300.820, 300.850.
--------------------------------------------------------------------------------
Indiana                    Minimum Wage Law of 1965: Ind. Code Sections 22-2-2
                           to 22-2-2-13;
                           Ind. Code Sections 34-28-5-4, 35-50-3-3;
                           Indiana Administrative Code: 646 Ind. Adm. Code
                           Section 3-8-14.
--------------------------------------------------------------------------------

<PAGE>
<PAGE>

--------------------------------------------------------------------------------
Iowa                       Iowa Wage Payment Collection Act: Iowa Code Ch.
                           91A, 91D.
--------------------------------------------------------------------------------
Kansas                     Kansas Minimum Wage and Maximum Hours Law: Kan.
                           Stat. Ann. Sections 44-1201 et seq.;
                           Kansas Wage Payment Statute: Kan. Stat. Ann.
                           Sections 44-312 et seq.;
                           Kan. Admin. Regs. Sections 49-20-1 - 49-21-4,
                           49-30-1-49-30-3. 49-31-7.
--------------------------------------------------------------------------------
Kentucky                   Ky. Rev. Stat. Section 337.010 - 337.385, 337.990;
                           OAG 76-681, 81-14;
                           803 KAR 1:060, et seq.
--------------------------------------------------------------------------------
Louisiana                  La. Rev. Stat. Ann. Section 23:631 - 636;
                           La. Rev. Stat. Ann. Section 23:14.
--------------------------------------------------------------------------------
Maine                      Me. Rev. Stat. Ann. tit. 26, Section 6.64;
                           Me. Rev. Stat. Ann. tit. 26, Section 601, et seq.;
                           Me. Rev. Stat. Ann. tit. 26, Sections 603, 621,
                           622, 629, 635, 663, 664, 665, 668, 670, 671, 672;
                           CMR 12-170-016.
--------------------------------------------------------------------------------
Maryland                   Md. Code Ann., Lab. & Empl. Section 3-401, et seq.,
                           Section 3-501, et seq.;
                           CO MAR 09.12. 41.01 et seq.
--------------------------------------------------------------------------------
Massachusetts              Mass. Gen. Law Ch. 136 Section 5 et seq.;
                           Mass. Gen. Law Ch. 149, Section 1, et seq.;
                           Mass. Gen. Law Ch. 151, Sections 1A, et seq.;
                           455 Mass. Code Regs. 2.01, et seq.;
                           Mass. Gen. Law. Ch. 49 Section 100.
--------------------------------------------------------------------------------
Michigan                   Michigan Minimum Wage Act: Mich. Comp. Laws Ann.
                           Section 408.381 et seq., Section 408.723;
                           Mich. Comp. Law Ann. Sections 408.471- 479, 408.488;
                           MCA Section 12.255.
--------------------------------------------------------------------------------
Minnesota                  Minn. Stat. Sections 177.24, 177.254, 181.03,
                           181.06, 181.32, 181.79;
                           Minn. Stat. Sections 177.25, 177.27, 177.32,
                           181.13, 181.14;
                           Minn. R. 5200.060, et seq.
--------------------------------------------------------------------------------
Mississippi                NONE
--------------------------------------------------------------------------------
Missouri                   Mo. Rev. Stat. Sections 290.55 to 290.530;
                           8 CSR 30-4.010.
--------------------------------------------------------------------------------
Montana                    Montana's Minimum Wage & Overtime Act: Mont. Code
                           Ann. Sections 39-3-401 et seq., 39-3-201 et seq.,
                           39-2-701;
                           Montana's Wages & Wage Protection Act: Mont. Code
                           Ann. Section 39-3-101 et seq.;
                           Montana Admin. Code: 24.16.205, 24.16.2501-2514,
                           34.16.201, 39.3.405, 24.16.6102.
--------------------------------------------------------------------------------
Nebraska                   Nebraska Wage Payment and Collection Act (Neb. Rev.
                           Stat. Section 48-1201 et seq.)
--------------------------------------------------------------------------------
Nevada                     Nev. Rev. Stat. 608-016, et seq.;
                           Nev. Admin. Code Section 608, et seq.
--------------------------------------------------------------------------------
New Hampshire              N.H. Rev. Stat. Ann. Sections 625:9, 651:2, 275:
                           42, et seq., 279:20-27, 275:30-57;
                           N.H. Code Admin. R. Ann. Lab. 803.01, et seq.
--------------------------------------------------------------------------------

                                      2

<PAGE>
<PAGE>

--------------------------------------------------------------------------------
New Jersey                 N.J. Stat. Ann. Section 34:11-4.1, 4.3, 4.4, 4.6;
                           Section 34:11-56(a)-56(a)(30);
                           N.J. A.C. 12:55-1.1, et seq.; 12:56-4.1, et seq.;
                           12:56-5.1, et seq.; 12:56-6.1, et seq.; 12:56-7.1,
                           et seq.
--------------------------------------------------------------------------------
New Mexico                 N.M. Stat. Ann. Section 50-4-2--50-4-30;
                           NMAC 11.1.4.7(C).
--------------------------------------------------------------------------------
New York                   12 N.Y.C.R.R. Part 142;
                           N.Y. CLS Labor Sections 160, 161, 162, 190-199,
                           650, 651, 652, 662, 663.
--------------------------------------------------------------------------------
North Carolina             North Carolina Wage and Hour Act: N.C. Gen. Stat.
                           Section 95-25.1, et seq.;
                           13 N.C. Admin. Code Section 12.0305, Section
                           12.0804- 0805.
--------------------------------------------------------------------------------
North Dakota               Title 34 of the North Dakota Central Code;
                           The North Dakota Minimum Wage and Work Conditions
                           Order (46-02-07);
                           N.D. Admin. Code, , 46-02-07-01 et seq.,
                           46-03-01-01 et seq.
--------------------------------------------------------------------------------
Ohio                       Ohio Minimum Fair Wage Standards, Ohio Rev. Code
                           Ann. Section 4111.03;
                           Ohio Rev. Code Ann. Section 4113.15;
                           Ohio Rev. Code. Ann. Section 4111.09--99.
--------------------------------------------------------------------------------
Oklahoma                   Oklahoma Payday Act: Okla. Stat. tit. 40, Section
                           165.1 et seq.;
                           Oklahoma Minimum Wage Act: Okla. Stat. tit. 40,
                           Section 197.1, et seq.;
                           Okla. Admin Code Sections 380.30 1-7, 380-1-8,
                           380-1-9, 380-1-10.
--------------------------------------------------------------------------------
Oregon                     Or. Rev. Stat. Section 653.025, et seq.;
                           Or. Rev. Stat. Section 652.120, 140, 190, 200, 610,
                           615, 620, 990;
                           Or. Admin. R. 839-020-0000, et seq.
--------------------------------------------------------------------------------
Pennsylvania               Pennsylvania Minimum Wage Act of 1968: 43 Pa. Stat.
                           Ann. Section 333.101 et seq.;
                           Pennsylvania Wage Payment and Collection Law: 43
                           Pa. Stat. Ann. Sections 231, 251, 260.1 et seq.,
                           291.;
                           34 Pa Code Section 231.1 et seq.
--------------------------------------------------------------------------------
Rhode Island               Rhode Island General Laws: R.I. Gen. Laws Sections
                           28-3-14, 28-12-1 et seq., 28-14-1, et seq.
--------------------------------------------------------------------------------
South Carolina             S.C. Code Ann. Section 39-65-10 et seq.;
                           S.C. Code Ann. Section 41-10-10, et seq.
--------------------------------------------------------------------------------
South Dakota               S.D. Codified Laws 60-11-3, et seq.; 60-2-1 et seq.
--------------------------------------------------------------------------------
Tennessee                  Wage Regulation Act: Tenn. Code Ann. Section
                           50-2-101 et seq.
--------------------------------------------------------------------------------
Texas                      Texas Payday Act: Tex. Lab. Code Ann. Section
                           61.001 et seq.;
                           Tex. Lab. Code Ann. Section 62.051 et seq.;
                           Tex. Lab. Code Ann. Section 52.001.
--------------------------------------------------------------------------------
Utah                       Utah Code Ann. Section 34-27-1 et seq., 28-1 et
                           seq., Section 34-40-202 et seq.;
                           UAC R610-3-12(2005).
--------------------------------------------------------------------------------
Vermont                    Vt. Stat. Ann. tit. 21;
                           CVR 24-090-003
--------------------------------------------------------------------------------
Virginia                   Va. Code Ann. Section 40.1-29.
--------------------------------------------------------------------------------
Washington                 Washington Minimum Wage Act: Wash. Rev. Code
                           Section 49.46;
                           Wash. Rev. Code Section 49.12.050--170; Section
                           49.44.160; Section 49.46.010, et seq.; Section
                           49.48.010, et seq.; Section 49.49.010, et seq.;
                           Section 49.52.010, et seq.; Wash. Admin. Code
                           296-128-500, et seq.; 296-126-023, et seq.;
                           296-126-028, et seq.; 296-126-092, et seq.
--------------------------------------------------------------------------------

                                      3

<PAGE>
<PAGE>

--------------------------------------------------------------------------------
West Virginia              W. Va. Code 21-5C-1, et seq.;
                           Wage Payment and Collection, W. Va. Code 21-5-1, et
                           seq.;
                           C.S.R. 42-8-8, 42-8-9.
--------------------------------------------------------------------------------
Wisconsin                  Wis. Admin. Code DWD Sections 272.01, et seq.,
                           274.01, et seq.;
                           Wis. Stat. Sections 103.01, et seq., 109.01-109.11.
--------------------------------------------------------------------------------
Wyoming                    Wyo. Stat. 27-4-101, et seq. (including Section
                           27-4-104); 27-4-201, et seq.;
                           Wyo. Department of Labor Standards Rules, Ch. I,
                           Section 6.
--------------------------------------------------------------------------------

                                      4

<PAGE>
<PAGE>

                            ________________, 2007

[STATE] Attorney General [NAME]
Office of the [STATE] Attorney General

[ADDRESS]

         RE:   CAFA NOTICE FOR JOINT STIPULATION OF CLASS ACTION SETTLEMENT
               AND RELEASE IN JAMES E. ELLIS ET AL. V. EDWARD D. JONES &
               CO., L.P., CASE NO. CV 06-00066 (W.D. PA 2006)

Dear [***INSERT*** ]:

         Defendant Edward D. Jones & Co., L.P. ("Defendant") provides this
notice pursuant to the Class Action Fairness Action of 2005 ("CAFA"), which in
certain instances requires that a notice like this one be sent to government
officials. You are not required to comment on the above-referenced Settlement.
However, if you wish to comment, you must do so on or before [***INSERT FINAL
APPROVAL HEARING DATE***]. In compliance with its obligations under CAFA, 28
U.S.C. Section 1715, Defendant encloses and/or states the following:

         (1) copies of all relevant complaints;

         (2) The Court held a preliminary approval hearing regarding this
 Settlement on October 11, 2007. A final approval hearing is currently
 scheduled before the Court for ___________, 2008, at ____ __.m. EST, in
 Courtroom A, 208 Penn Traffic Building, 319 Washington Street, Johnstown, PA
 15901;

         (3) The proposed forms of notification to class members of the
 proposed class action Settlement, including the Notice of Class Action
 Settlement, the Claim Form, and the Request for Exclusion Form;

         (4) The Joint Stipulation of Class Action Settlement and Release in
 this action;

         (5) The Joint Stipulation of Class Action Settlement and Release in
 Randall Thill v. Edward D. Jones & Co., L.P. (N.D. Cal. 2005), a related
 matter;

         (6) At this time, there is no final judgment or notice of dismissal
 in these actions;

         (7) A list of class members identified from Defendant's available
 records as residing, or having resided, in your State and the estimated
 proportionate share of the claims of such members to the entire Settlement;

         (8) At this time, no written judicial opinions relating to the
 materials described in subparagraphs (3) through (6) above exist.

                                      1

<PAGE>
<PAGE>

         If you have any questions about this notice, the lawsuit, or the
enclosed materials, or if you did not receive any of the above-listed
materials, please contact the Defense counsel listed below.

                                    Sincerely,

                                    David M. Harris
                                    Timothy M. Huskey
                                    Amy L. Blaisdell

                                    Greensfelder, Hemker & Gale, P.C.
                                    10 South Broadway, Suite 2000
                                    St. Louis, Missouri 63102
                                    Tel: (314) 241-9090
                                    Fax: (314) 345-5465
                                    Attorneys for Edward D. Jones & Co. L.P.

                                      2

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