You are cordially invited to attend the Annual Meeting of Stockholders on Tuesday, April 26, at 10 a.m., in the Charleston Area Convention Center, North Charleston, South Carolina.

We are very pleased that Mr. Michael L. Eskew, chairman and chief executive officer of United Parcel Service, Inc., Mr. Juergen Dormann, chairman of the board of ABB Ltd, and Mr. Minoru Makihara, senior corporate advisor and former chairman of Mitsubishi Corporation, are new nominees this year.

Drs. Keohane and Slaughter are not nominees for election, and their terms on the board will end in April. We are very grateful to them for their many valuable contributions and we will miss their participation.

Stockholders of record can vote their shares by using the Internet or the telephone. Instructions for using these convenient services are set forth on the enclosed proxy card. Of course, you also may vote your shares by marking your votes on the enclosed proxy card, signing and dating it, and mailing it in the enclosed envelope. If you will need special assistance at the meeting because of a disability, please contact the Office of the Secretary, Armonk, N.Y. 10504.

Very truly yours,

Samuel J. Palmisano
Chairman of the Board

Your vote is important.
Please vote by using the Internet,
the telephone, or by signing, dating and returning
the enclosed proxy card.