1999 IMRF Comprehensive Annual Financial Report

Schedule of 1999 International Brokerage CommissionsIn order of commissions receivedBroker Name Shares Commissions Per ShareMorgan Stanley 14,458,440 $333,585 $0.02HSBC Investment Bank 14,640,028 263,265 0.02Goldman Sachs 53,211,098 259,939 0.00SBC Warburg 17,072,608 228,321 0.01Merrill Lynch 16,347,116 215,581 0.01Lehman Brothers* 9,013,334 213,419 0.02CSFB Limited 6,918,741 179,408 0.03Salomon Brothers 9,944,670 145,365 0.01TIR Securities* 3,677,639 136,013 0.04Kleinwort Benson 4,352,876 134,769 0.03Deutsche Morgan Grenfell 5,140,053 132,160 0.03Credit Lyonnais 21,336,780 131,057 0.01ABN AMRO 5,618,645 130,632 0.02JB Were and Son 3,935,981 90,645 0.02Indosuez WI Carr 6,869,254 89,442 0.01JP Morgan 1,829,228 83,339 0.05Sanford Bernstein 1,231,440 62,757 0.05Other Brokers 70,550,085 816,981 0.01Investments SectionTotal International 266,148,016 $3,646,678 $0.01* Directed commission brokerIllinois Municipal Retirement Fund 49