American Express Bank (Switzerland) SA

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Year	Equity	Capital	Reserves	Balance
2002	53,950	50,000	3,950	638,909
2003	54,112	50,000	4,112	645,867
2004	54,840	50,000	4,840	571,911
2005	55,264	50,000	5,264	542,398
2006	55,738	50,000	5,738	519,823