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Investor Relations
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Financial Information
Financial Targets
 

Fiscal 2008 Targets

Performance Measure

F2008 Target

EPS Growth
(base of $5.241)

10 - 15%

Return on Equity

18 - 20%

Specific Provision For Credit Losses

$475MM or less

Tier 1 Capital

Minimum of 8.0%

Operating Leverage

Cash operating leverage of at least 2.0%











 




 1Excluding commodities losses, restructuring charges and changes in the general allowance


Fiscal 2007 Performance

Performance Measure

F2007 Target

F2007 Actual

EPS Growth
(base of $5.11 excluding changes in the general allowance)

5 - 10%

(14.3%)

Return on Equity

18 - 20%

15.3%

Specific Provision For Credit Losses

$400MM or less
(revised to $300MM or less)

$303MM

Cash Productivity Ratio

100 to 150 bps improvement

473 bps deterioration















 1 Performance data for 2007 above excludes the impact of changes in the general allowance and restructuring charges.  After also excluding the impact of commodities losses: EPS was $5.24, up 2.5% from $5.11; ROE was 18.4%, and the cash productivity ratio deteriorated 37 basis points.