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Salomon - IR 96 3 Q (Page 4)

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Salomon - IR 96 3 Q
Salomon Swapco Inc
To Our Clients
the portfolio. As long as that is the case, it is
our intention to dividend each quarter's
earnings. Accordingly, this quarter's dividend
was paid from Retained earnings whereas, in
the past, we have declared and paid dividends
from Paid-in-capital.
If you have any comments on our new Web
page, or any questions about other topics
involving Swapco, please contact any of the
representatives listed on page 24 of this report.
Yours very truly,
John G. Macfarlane III
Chairman of the Board
4

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