CFA2003 Examination Dates

Level I & IISaturday, 31 May 2003Sunday, 1 June 2003*

(*Eastern Asia/Oceania)

Level I of the CFA Examination will also begiven in December of 2003 at a limitednumber of test centers. Registration &Enrollment Forms for the December 2003Level I examination will be included withthis booklet beginning January 2003.

Level I ONLYSaturday, 6 December 2003Sunday, 7 December 2003*

(*Eastern Asia/Oceania)

ASSOCIATION FOR INVESTMENT MANAGEMENT AND RESEARCH®

THIS PACKAGE IS FOR THE2003 EXAMINATIONS ONLY.

2003CHARTERED FINANCIAL ANALYST® (CFA®) PROGRAM

Registration & Enrollment Package• Registration and Enrollment Information for New Candidates

• Enrollment Information for Returning Level I and II Candidates

STEPS FOR REGISTERING FOR THE CFA PROGRAM

• Read this entire Registration & Enrollment Package carefullyand understand the conditions, requirements, policies, and pro-cedures that will govern your participation in the CFA Program.You must adhere to these conditions, requirements, policies, andprocedures as a condition of participating in the CFA Program.

• Answer all questions on both sides of the accompanying Registration & Enrollment Form. Complete and sign the Professional Conduct Inquiry and the Candidate ResponsibilityStatement located on the last page of the form. If you are a previously registered candidate, you must also complete theProfessional Conduct Statement.

• If you are not certain whether you should register for the CFAProgram, try taking the CFA Candidate Self-Assessment Test onthe AIMR Web site at www.aimr.org/cfaprogram.

• If you are paying by check or money order, enclose the check ormoney order, in US funds, payable to AIMR for the total fee indicated in the “2003 Registration and Enrollment Fee Sched-ule” included in the accompanying form. Payment must bemailed with the Registration & Enrollment Form.

• Once you submit your form for the CFA Program to AIMR, yourregistration and enrollment fees are non-refundable.

• Enclose a current business card if you have one. Do not staple ortape the card to the form.

• Retain a copy of the Registration & Enrollment Form for yourrecords.

• Mail all correspondence separately from the Registration &Enrollment Form.

• Mail the Registration & Enrollment Form to the address at theleft. To ensure that your form can be tracked if not receivedby AIMR, it is strongly suggested that you use an overnight carrier. AIMR is not responsible for lost shipments or mailthat is not received by deadlines.

©2002 by the Association for Investment Management and Research. The 2003 CFARegistration Package may be copied provided it is copied in full and includes credit to the Association for Investment Management and Research. Char-tered Financial Analyst®, CFA®, and the AIMR logo are just a few of the trademarksowned by AIMR. For a list of AIMR trademarks and a guide for their use, visit theAIMR Web site at www.aimr.org.

INSIDE THIS PACKAGE

Registration Information 1

Prerequisites

Examinations

Basic Entrance Requirements

Application Processing

Incomplete Applications

Participating in the CFA Program 2

Textbooks

CFA Study Groups

Results Reporting

Registering for the CFA Program 2-4

Frequently Asked Questions 4

Country/Territory of Residence Codes 5

Professional Information Codes 5

Candidate Responsibilities 6-8

About the CFA Program 9

Work Experience Guidelines 9

CONTACTING AIMR

MailAssociation for Investment Management and Research(mail completed Registration & Enrollment Forms to “Department A”)P.O. Box 3638Charlottesville, VA 22903-0638 USA

If sending your completed Registration & Enrollment Form to AIMR by an overnight carrier, please address to: Association for Investment Management and ResearchDepartment A560 Ray C. Hunt DriveCharlottesville, VA 22903-2981 USA

Web site E-mailwww.aimr.org info@aimr.org

INFORMATION CENTRALTelephone Facsimile800-247-8132 (US & CANADA) 434-951-5262434-951-5499

All information and correspondence must be submitted in English.

REGISTRATION INFORMATION

Prerequisites

The CFA Program is postgraduate. The readings assigned in thestudy program and the questions on the CFA examinations aregeared for individuals who are prepared to deal with “masters”level course work. No specific prerequisite courses of study areprescribed for enrolling in the CFA Program, but applicantsshould be aware that assigned readings in many topic areas arebeyond a basic, introductory level.

Examinations

The CFA examination is offered at locations throughout theworld. Candidates must complete three examinations sequen-tially. Level I is offered in May/June and December. Levels IIand III are offered only in May/June. Candidates who fail anexamination are encouraged to repeat the level. The Level Iexamination is composed of multiple-choice questions. LevelsII and III consist of essays and item sets.

Basic Entrance Requirements

To register in the CFA Program, an applicant must:

• Have a US bachelor’s degree or comparable (similar) non-US degree. The degree requirement is self-reporting. Ifyou need assistance to determine whether or not yourdegree is comparable to a US bachelor’s degree or higher,AIMR suggests that you contact your college or universityto make an inquiry. An applicant must receive a bachelor’sdegree no later than 31 December of the current examina-tion year to qualify for entrance into the CFA Program.

If an applicant does not have a degree, qualified professionalwork experience totaling at least four years may be accept-able. Eligible professional experience for entrance to the pro-gram instead of a degree does not have to be investment relat-ed; summer, part-time, and internship positions do not qual-ify. Employment dates (month and year) and a detaileddescription of duties for all current and previous positionsmust be included with the Registration & Enrollment Form.An applicant may also apply for entrance to the program with a combination of college/university and profes-sional work experience that total at least four years. Detailsmust be included with the Registration & Enrollment Form.

If a student does not meet the degree requirement by 31December of the examination year, his or her candidacy willbe cancelled, examination results will be voided, no refundof submitted registration and enrollment fees will be issued,and he or she will need to register again and pay all applica-ble fees to re-enter the program.

• Complete, sign, and return the Registration & EnrollmentForm, including the Professional Conduct Inquiry and Candidate Responsibility Statement located on the back ofthe form.

• Pay the required fees.

Application Processing

Processing time may take four to six weeks. Study Guides are sentto applicants when payment is processed. Receipt of a Study Guide doesnot indicate acceptance into the program.

Notify AIMR if your Study Guide is not received in a reasonabletime period. After an application is approved, an official accept-ance letter is sent if all entrance requirements are met. If an offi-cial acceptance letter or notice of incomplete application is notreceived within six to eight weeks after mailing your application,you should contact Information Central (E-mail: info@aimr.org;telephone: 434-951-5499; facsimile: 434-951-5262).

Important: All AIMR policies and procedures go into effectimmediately upon submission or mailing of an application toAIMR. All registration and enrollment fees are non-refundable.If it is determined that a new applicant does not have a bachelor’sdegree or four-years of acceptable professional work experience orif any applicant/candidate is denied admission to the program forprofessional conduct reasons, the payment of registration andenrollment fees less a US$100 processing charge will be reimbursed.

Incomplete Applications

Each application submitted to AIMR must include the currentexamination’s Registration & Enrollment Form containing allrequired information and full payment of fees. Applicants submit-ting incomplete applications will be sent only one notice from AIMR.Applications must be completed and received by AIMR within30 days of the date on the written notice, so missing informationand/or items should be sent via overnight carrier to avoid postal-service delays. Applicants should check their status with Infor-mation Central within two weeks of mailing this information.

Applications are considered incomplete if all questions on theRegistration & Enrollment Form are not answered clearly andcompletely, if the Professional Conduct Inquiry and CandidateResponsibility Statement are not completed and signed, and/orif appropriate payment is not submitted along with the correctform.

Some specific examples of incomplete applications are: (1) credit card is denied or incomplete payment is submitted, (2) education section of the form is unclear or incomplete,(3) test center is not selected, (4) form is sent without payment,(5) wrong or outdated form is submitted, or (6) missing signature.

If an applicant/candidate does not properly complete his/herapplication within the designated time period, or meet theentrance requirements, the application will be cancelled and theapplicant/candidate will receive a reimbursement of all currentexamination fees less a US$100 processing charge.Applicants/candidates with denied credit cards or no paymentswill not receive a refund and will be cancelled from the program.Applicants/candidates with cancelled applications will not be eli-gible to sit for the current examination unless a new completeRegistration & Enrollment Form is submitted by the stateddeadlines and all current fees are paid.

1You can Register/Enroll online at www.aimr.org

2 Save mailing time and costs by using Online Candidate Registration at www.aimr.org

PARTICIPATING IN THE CFA PROGRAM

Textbooks

Order forms for assigned textbooks are provided in the back ofthe Study Guide. Enrolled candidates can access Study Guides,and other relevant information, using the Candidate ServicesSection of the AIMR Web site. Book order forms and study outlines are also available on the AIMR Web site. The cost oftextbooks is not included in registration and enrollment fees.Textbooks are not ordered through AIMR.

Textbooks are available through the following book distributors:

• PBD Worldwide Fulfillment ServicesP.O. Box 931788, Atlanta, GA 31193-1788 USAtel: 800-789-2467 or 770-442-8633, ext. 298fax: 770-442-9742, E-mail: aimrpubs@pbd.comWeb site: www.pbdbookstore.com

• TPL Corporation (HK) Limited9/F., Block C, Seaview Estate, 2–8 Watson Road, North Point, Hong Kong, tel: 852 2356 5502 or 852 2356 5534, fax: 852 2764 5095 or 852 2365 7834, E-mail: cfaorder@tplhk.com.hk

• STP Distributors Pte Ltd. Pasir Panjang Districentre Block 1 #03-01A, Pasir Panjang Road, Singapore 118480, tel: 65 6276 7626 or 65 6276 8054, fax: 65 6276 7119

CFA Study Groups

Although the CFA Program is essentially one of individualstudy, study-group programs are also available through a varietyof sources, including AIMR Member Societies and Chapters.Many CFA candidates live in areas with a local study-group program. Where distance makes large groups prohibitive, candi-dates might organize study programs with one or more associatesin their localities. Information on Member Society and Chapterstudy groups is available in the Candidate Services section of theAIMR Web site (www.aimr.org).

Results Reporting

Examination results are reported as “pass” or “fail.” Actualexamination scores are not released. Results are posted on theAIMR Web site and are distributed by first-class mail (interna-tional surface mail outside of North America), usually within 90days of the examination date. Examination results are neverreleased over the telephone. A summary of examination resultsmay be distributed without candidate identification to AIMRMember Societies and Chapters, CFA examination prep-course sponsors, and others.

All examination materials, including answers, are the property ofAIMR and will not be returned to the candidate in either origi-nal or copied form.

REGISTERING FOR THE CFA PROGRAM

Completing the CFA Registration &Enrollment Form

Please read and follow these directions.

• If you have previously registered as a candidate, please enteryour candidate number in the space provided on the front ofthe Registration & Enrollment Form.

• Complete, sign, and date the Registration & EnrollmentForm, including the Professional Conduct Inquiry and Candi-date Responsibility Statement located on the back of the form.

1. Examination Information

Test Center Code. Select a test center and enter the test centercode in the boxes provided. Sunday examinations will be givenat test centers noted with an asterisk (*). NOTE: If you do notselect a test center, your application is considered incomplete.Please see the information regarding incomplete applications onthe previous page. If you choose to change your test center afteryour form has been submitted, your request must be received inwriting by AIMR 60 days before the chosen examination date.

Special Requests. See “Special Requests for Taking the Examination” on page 6 for more information. You must select atest center before making special test center requests.

• “Special Test Center” (May/June only)—check this box torequest a test center that does not appear in the “2003 TestCenters” list. Write the name of your requested city in thespace provided. NOTE: Special test center requests are onlyavailable for consideration for the May/June examinationdates.

• “Disability Accommodations”—check this box to requesttesting accommodations for a disability. You must read theinstructions and information sheet for requesting disabilityaccommodations located in the Candidate Services Section ofthe AIMR Web site. The request form and supporting docu-mentation must be submitted to AIMR.

• “Religious Alternative Date”—check this box to request analternate examination date due to conflicting religious obliga-tions or beliefs. AIMR will confirm your request in writingwithin four to six weeks of receipt of your Enrollment Form.

Special requests must be received by AIMR 75 days beforethe selected examination date. Because special requests mayrequire significant processing time, you are urged to completeand mail your form as early as possible.

2. Personal Information

Prefix. Please check the appropriate box.

Sex. Check the appropriate box.

3You can Register/Enroll online at www.aimr.org

National Identification Number. (E.g.: Social SecurityNumber, Canadian Social Insurance Number, OtherCountry Number.) Print the digits and check the appropriatebox. It will be used as a secondary identification for the CFAProgram. Although you are not required to disclose this number,providing the last four digits would be helpful for AIMR to avoidduplicate registrations.

Country/Territory of Residence Code. Print your country code(see the list of “Country/Territory of Residence Codes” on page 5).

Name. Print your first (given) name, middle name or initial, lastname (surname), and suffix (if applicable). Do not use nick-names or titles. AIMR strongly suggests that you provide yourname exactly as it appears on your government-issued photoidentification.

3. Mailing Information

While AIMR makes an effort to mail materials to your preferredaddress, at times we may need to send materials to your second-ary address.

Preferred Communication. Check the appropriate box to indi-cate the address at which you wish to receive correspondencefrom AIMR. Please be advised that certain carriers will notdeliver to post office boxes. Also, in some localities using yourbusiness address as your preferred address may result in moreefficient delivery service than using your home address.

Examination Results. Indicate the address at which you wish toreceive examination results.

Home Street Address. Print your home mailing address (includeapartment number, if applicable).

Home Telephone Number. Print your home telephone number.

Home Fax Number. Print your home fax number if available.

Home E-mail. Print your home e-mail address if available.

Business Name. If you are currently employed, print your busi-ness’s name as it appears on your business card. Please indicatewhether you are self-employed by checking the box in this area.

Business Street Address. Print your business mailing address.

Business Telephone Number. Print your business telephone number.

Business Fax Number. Print your business fax number.

Business E-mail. Print your business e-mail address if available.

4. Education

Education Certification. Select one of the three statements cer-tifying your education and/or work experience instead of adegree.

Date Highest Degree Received. Print the month and the yearyour highest degree was received. However, if you are currentlya student, print the month and year you expect to receive yourdegree and the number of full-time college/university years

completed in the spaces provided beside the student certifica-tion box.

Name of College/University. Print the full name of the collegeor university that awarded your degree (if you are currently a student, print the full name of the college or university you areattending). Please do not use abbreviations.

5. Birth Date

Birth Date. Print the day, month, and year of your birth.

6. Professional Information

Industry Classification. Select and print one number that bestrepresents your affiliation (see “Professional Information Codes”on page 5).

Title and Occupation Classification. Select and print the codesthat best represent your primary duties (see “Professional Information Codes” on page 5). Select no more than two codes.

Industry Specialty. Select and print the codes that best representyour focus in the industry (see “Professional Information Codes”on page 5). Select no more than three codes.

Please make every effort to find codes that come close todescribing your professional information before selecting“Other.”

7. Payment Method

Payment must be included with the Registration & EnrollmentForm. AIMR does not invoice for payments.

Payment by Check/Money Order. Enclose the check or moneyorder, in US funds, payable to AIMR for the total registrationand enrollment fee (see “2003 Registration and Enrollment FeeSchedule”). Indicate whether the fee is being paid by a corpo-rate or personal check/money order and print the check/moneyorder number in the space provided. Write your name on thecheck or money order.

Payment by Credit Card. If paying with a credit card, indicatewhether the fee is being paid by a corporate or personal creditcard (AIMR only accepts Visa, MasterCard, American Express,Diners Club, and JCB; we do not accept Discover or debitcards).

Credit Card Number. Clearly print the number of the creditcard you are using.

Credit Card Expiration Date. Print the month and year ofcredit card expiration date.

Credit Card Signature. By signing in the space provided on theform, you authorize AIMR to charge the account. If the card-holder is not the applicant, also print the name of the cardholder.

4 Save mailing time and costs by using Online Candidate Registration at www.aimr.org

8. Professional Conduct Inquiry and Professional Conduct Statement

Check the appropriate box for each of the questions (onlyreturning candidates must complete the Professional ConductStatement).

9. Candidate Responsibility Statement

Read the Candidate Responsibility Statement carefully. By sign-ing, you are agreeing to adhere to AIMR’s policies and proce-dures as a condition of participating in the CFA Program.

10. Use of Contact Information

If you do not want certain personal information, such as nameand address, released to various parties (including Member Societies and Chapters, CFA examination preparatory courseproviders, other related service providers, or regulatory authori-ties), please check the appropriate box[es] located in section 10of the CFA Program Registration & Enrollment Form or followthe procedures described in AIMR’s privacy policy.

To learn more about AIMR’s information policies, please visitour Web site at www.aimr.org or request a copy of our privacypolicy by e-mail at info@aimr.org.

11. Signature

Sign your name on the line marked “signature,” as you would signa check or other legal document. Print your name and the date.

FREQUENTLY ASKED QUESTIONS

Am I required to buy all the books?AIMR does not require candidates to purchase all books used inthe curriculum, but we strongly believe that studying the prescribed curriculum is the best way to prepare for the exami-nations. Remember that the examinations are developed direct-ly from the curriculum and are consistent with the LearningOutcome Statements (LOS) prescribed by AIMR. There is nosubstitute for studying the original material.

If I am a candidate, am I also an AIMR member?No. Upon passing the Level III examination, candidates whowish to earn the CFA charter must first apply for membership in AIMR and an AIMR Member Society or Chapter if one is locat-ed within 50 miles (80 km) of candidate’s place of business.When enrolling for Level III, AIMR strongly urges you to applyfor membership in AIMR and an AIMR Member Society orChapter so that your charter will not be delayed after you passthe Level III examination. You will find more information onAIMR membership on the AIMR Web site at www.aimr.org.

What if I do not have 36 months of acceptable work experiencetowards the CFA charter when I register for the CFA Program?As long as you have met the entrance requirements for the CFAProgram, you are eligible to sit for the examinations. Three yearsof acceptable work experience must be accrued before you can

earn the charter. Work experience can be accrued before, during,or after passing Level III.

I’m calling for my boss. Can you tell me if you have received hercandidate application and if she has been accepted?No. Candidate information is not released to individuals otherthan the candidates as noted in AIMR’s privacy policy.

Since AIMR has a no-refund policy, may I roll my enrollmentfees to the next examination date?Candidates cannot carry forward (defer) enrollment fees. Inaddition, registration or enrollment fees cannot be transferredfrom one applicant/candidate to another applicant/candidate.

When will I receive the examination results?Level I results are usually distributed within 60 days of theexamination date, and Level II and III results within 90 days.Therefore, your address, including your e-mail address, must becurrent at all times.

STUDY ADVICE FROM NEW CFA CHARTERHOLDERS

“Start studying early. That way, you can cover the volume ofwork in necessary detail. While courses and study guides areuseful for condensing the large amount you have to know, youshould not use them as a replacement for doing the readings.Cover all the readings in sufficient time. Then spend lots oftime doing the practice exams/past papers.”

~ Tom Brodie Mann, CFAPortfolio Manager, European EquitiesCredit Suisse Asset ManagementLondon, United Kingdom

“The strategy I followed in preparing for the CFA Program wasto read the material first. Then I followed the outline and wrotedown all I could about every topic from the books. Once I gotthrough the outline I began working practice tests. As the examgot closer I focused only on the material I was still missing ques-tions on. It worked really well!”

~ Elizabeth M. Painter, CFAVice PresidentPainterFinancialLouisville, KY, USA

“My strategy was to commit to a study schedule that was acrescendo until exam time. I would start with studying only afew days in January, committing to three evenings a week inFebruary, and then every evening in March. In April and May, Iforced myself to study for two hours each night during the weekand then three to five hours on each weekend day. I also madesure to allocate time on the weekend for recreation so that I didn’t lose focus during my study hours.”

~ Ryan T. Harper, CFAAccount RepresentativeFinancial Models Company, Inc.Mississauga, ON, Canada

5You can Register/Enroll online at www.aimr.org 5

PROFESSIONAL INFORMATION CODESPlease make every effort to find codes that come close to describing your professional information before choosing “Other.”

Christmas Island & Cocos Island . . . . . . . . 160

Colombia . . . . . . . . . . . . . . . . 7Comoros . . . . . . . . . . . . . . . 239Congo, Dem Rep of . . . . . 228Congo, Rep of . . . . . . . . . . 161Cook Islands . . . . . . . . . . . 162Costa Rica . . . . . . . . . . . . . . 37Croatia, Rep of . . . . . . . . . . 163Cuba . . . . . . . . . . . . . . . . . 240Cyprus . . . . . . . . . . . . . . . . . 97Czech Republic . . . . . . . . . . 78Denmark . . . . . . . . . . . . . . . 56Diego Garcia . . . . . . . . . . . 164Djibouti, Rep of . . . . . . . . . 107Dominica . . . . . . . . . . . . . . 165Dominican Republic . . . . . 139Ecuador . . . . . . . . . . . . . . . . 24Egypt, Arab Rep of . . . . . . . 88El Salvador . . . . . . . . . . . . . 92Equatorial Guinea,

Rep of . . . . . . . . . . . . . . . 167Eritrea . . . . . . . . . . . . . . . . 166Estonia . . . . . . . . . . . . . . . . . 96Ethiopia . . . . . . . . . . . . . . . 168Falkland Islands . . . . . . . . . 169Faroe Islands . . . . . . . . . . . 170Fiji . . . . . . . . . . . . . . . . . . . . 87Finland . . . . . . . . . . . . . . . . . 51France . . . . . . . . . . . . . . . . . 13French Guiana . . . . . . . . . . 171French Polynesia . . . . . . . . 232Gabon Republic . . . . . . . . . 172Gambia . . . . . . . . . . . . . . . . 173Georgia . . . . . . . . . . . . . . . . 174Germany, Fed Rep of . . . . . 74Ghana . . . . . . . . . . . . . . . . . 108Gibraltar . . . . . . . . . . . . . . . 137Greece . . . . . . . . . . . . . . . . . 55Greenland . . . . . . . . . . . . . 175Grenada . . . . . . . . . . . . . . . 105Grenadines, The . . . . . . . . 231Guadeloupe . . . . . . . . . . . . 176Guam . . . . . . . . . . . . . . . . . 129Guantanamo Bay . . . . . . . . 177Guatemala . . . . . . . . . . . . . 133Guinea, Rep of . . . . . . . . . 235Guinea-Bissau . . . . . . . . . . 178

Guyana . . . . . . . . . . . . . . . . 123Haiti . . . . . . . . . . . . . . . . . . 179Honduras . . . . . . . . . . . . . . 180Hong Kong . . . . . . . . . . . . . 20Hungary . . . . . . . . . . . . . . . . 77Iceland . . . . . . . . . . . . . . . . 131India . . . . . . . . . . . . . . . . . . . 47Indonesia . . . . . . . . . . . . . . . . 8Iran . . . . . . . . . . . . . . . . . . . . 59Iraq . . . . . . . . . . . . . . . . . . . 181Ireland, Rep of . . . . . . . . . . 64Israel . . . . . . . . . . . . . . . . . . 71Italy . . . . . . . . . . . . . . . . . . . 42Ivory Coast, Rep of . . . . . . 126Jamaica . . . . . . . . . . . . . . . . . 63Japan . . . . . . . . . . . . . . . . . . 10Jordan . . . . . . . . . . . . . . . . . 76Kazakhstan . . . . . . . . . . . . . 127Kenya, Rep of . . . . . . . . . . 109Kiribati . . . . . . . . . . . . . . . . 182Korea, Rep of . . . . . . . . . . . . 26Kuwait . . . . . . . . . . . . . . . . . 16Kyrgyzstan . . . . . . . . . . . . . 183Laos . . . . . . . . . . . . . . . . . . 184Latvia . . . . . . . . . . . . . . . . . 120Lebanon . . . . . . . . . . . . . . . 121Lesotho . . . . . . . . . . . . . . . 185Liberia . . . . . . . . . . . . . . . . 186Libya . . . . . . . . . . . . . . . . . . 70Liechtenstein . . . . . . . . . . . 75Lithuania . . . . . . . . . . . . . . 106Luxembourg . . . . . . . . . . . . 52Macao . . . . . . . . . . . . . . . . . 72Macedonia . . . . . . . . . . . . . 234 Madagascar, Dem Rep of . . 189Malawi . . . . . . . . . . . . . . . . 187Malaysia . . . . . . . . . . . . . . . . 31Maldives, Rep of . . . . . . . . 188Mali Republic . . . . . . . . . . 190Malta . . . . . . . . . . . . . . . . . 130Marshall Islands . . . . . . . . . 191Mauritania, Islamic

Rep of . . . . . . . . . . . . . . . 193Mauritius . . . . . . . . . . . . . . 115Mayotte . . . . . . . . . . . . . . . 192Mexico . . . . . . . . . . . . . . . . . 39Micronesia, Fed States of . . 69Moldova . . . . . . . . . . . . . . . 194

Monaco . . . . . . . . . . . . . . . . 60Mongolia . . . . . . . . . . . . . . 195Montserrat . . . . . . . . . . . . . 196Morocco, Kingdom of . . . . . 117Mozambique . . . . . . . . . . . 197Myanmar . . . . . . . . . . . . . . 198Namibia . . . . . . . . . . . . . . . . 93Nauru . . . . . . . . . . . . . . . . . 199Nepal . . . . . . . . . . . . . . . . . 112Netherlands . . . . . . . . . . . . . . 9Netherlands Antilles . . . . . 100Nevis . . . . . . . . . . . . . . . . . 200New Caledonia . . . . . . . . . 201New Zealand . . . . . . . . . . . . 54Nicaragua . . . . . . . . . . . . . . 202Niger, Republic of . . . . . . 203Nigeria, Fed Rep of . . . . . . . 41Niue . . . . . . . . . . . . . . . . . . 204Norfolk Island . . . . . . . . . . 205Norway . . . . . . . . . . . . . . . . 43Oman . . . . . . . . . . . . . . . . . . 44Pakistan . . . . . . . . . . . . . . . . 38Palau, Rep of . . . . . . . . . . . 206Panama, Rep of . . . . . . . . . 114Papua New Guinea . . . . . . . 30Paraguay . . . . . . . . . . . . . . . 103Peru . . . . . . . . . . . . . . . . . . 116Philippines . . . . . . . . . . . . . . 12Poland . . . . . . . . . . . . . . . . . 99Portugal . . . . . . . . . . . . . . . . 61Qatar . . . . . . . . . . . . . . . . . . 68Reunion . . . . . . . . . . . . . . . 207Romania . . . . . . . . . . . . . . . 118Russia . . . . . . . . . . . . . . . . . 95Rwanda . . . . . . . . . . . . . . . 208Saipan . . . . . . . . . . . . . . . . . 211Samoa . . . . . . . . . . . . . . . . . 227San Marino . . . . . . . . . . . . . 212Sao Tome & Principe . . . . . 213Saudi Arabia . . . . . . . . . . . . . 23Scotland . . . . . . . . . . . . . . . . 67Senegal, Republic of . . . . . 214Seychelles, Rep of . . . . . . . 215Sierra Leone . . . . . . . . . . . . 29Singapore . . . . . . . . . . . . . . . 15Slovakia . . . . . . . . . . . . . . . 101Slovenia, Rep of . . . . . . . . . 48Solomon Islands . . . . . . . . . 216

Somalia . . . . . . . . . . . . . . . . 241South Africa, Rep of . . . . . . 22Spain . . . . . . . . . . . . . . . . . . 28Sri Lanka, Dem Soc

Rep of . . . . . . . . . . . . . . . 34St. Helena . . . . . . . . . . . . . 209St. Kitts . . . . . . . . . . . . . . . 119St. Lucia . . . . . . . . . . . . . . . 134St. Pierre & Miquelon . . . . 210St. Thomas . . . . . . . . . . . . . 136St. Vincent . . . . . . . . . . . . . 230Sudan . . . . . . . . . . . . . . . . . 236Suriname, Rep of . . . . . . . . 217Swaziland . . . . . . . . . . . . . . . 73Sweden . . . . . . . . . . . . . . . . 45Switzerland . . . . . . . . . . . . . 11Syrian Arab Republic . . . . . 132Tajikistan . . . . . . . . . . . . . . 218Tanzania . . . . . . . . . . . . . . . 219Thailand . . . . . . . . . . . . . . . 62Togo, Rep of . . . . . . . . . . . 220Tonga . . . . . . . . . . . . . . . . . 242Trinidad and Tobago,

Dem Rep . . . . . . . . . . . . . 82Tunisia . . . . . . . . . . . . . . . . . 81Turkey . . . . . . . . . . . . . . . . . 86Turkmenistan . . . . . . . . . . . 221Turks & Caicos Island . . . . 135Tuvalu . . . . . . . . . . . . . . . . 222Uganda . . . . . . . . . . . . . . . . 141Ukraine . . . . . . . . . . . . . . . 110United Arab Emirates . . . . . 50United Kingdom . . . . . . . . . . 5United States of America . . . 1Uruguay . . . . . . . . . . . . . . . 111Uzbekistan . . . . . . . . . . . . . 223Vanuatu, Rep of . . . . . . . . . 224Vatican City . . . . . . . . . . . . 225Venezuela . . . . . . . . . . . . . . . 58Vietnam . . . . . . . . . . . . . . . 102Virgin Islands . . . . . . . . . . . . 84Wallis & Futuna Islands . . . 226Yemen, Rep of . . . . . . . . . . . 83Yugoslavia, Fed Rep of . . . . 25Zambia . . . . . . . . . . . . . . . . 128Zimbabwe . . . . . . . . . . . . . 122

Afghanistan . . . . . . . . . . . . 238Albania, Rep of . . . . . . . . . 142Algeria . . . . . . . . . . . . . . . . 143American Samoa . . . . . . . . . 27Andorra . . . . . . . . . . . . . . . . 35Angola . . . . . . . . . . . . . . . . 144Anguilla . . . . . . . . . . . . . . . 138Antigua & Barbuda . . . . . . 147Argentina . . . . . . . . . . . . . . . 57Armenia . . . . . . . . . . . . . . . 140Aruba . . . . . . . . . . . . . . . . . . 90Ascension Island . . . . . . . . 148Australia . . . . . . . . . . . . . . . . . 6Austria . . . . . . . . . . . . . . . . . 65Azerbaijan . . . . . . . . . . . . . 149Bahamas . . . . . . . . . . . . . . . . . 3Bahrain . . . . . . . . . . . . . . . . . 21Bangladesh,

Peoples Rep of . . . . . . . . . 80Barbados . . . . . . . . . . . . . . . 66Belarus . . . . . . . . . . . . . . . . 150Belgium . . . . . . . . . . . . . . . . 36Belize . . . . . . . . . . . . . . . . . . 18Benin, Peoples Rep of . . . . 151Bermuda . . . . . . . . . . . . . . . . 4Bhutan . . . . . . . . . . . . . . . . 113Bolivia . . . . . . . . . . . . . . . . . 32Bosnia & Herzegovina,

Rep of . . . . . . . . . . . . . . . 152Botswana . . . . . . . . . . . . . . . 53Brazil . . . . . . . . . . . . . . . . . . 19Brunei . . . . . . . . . . . . . . . . . 79Bulgaria . . . . . . . . . . . . . . . 104Burkina Faso . . . . . . . . . . . 153Burundi . . . . . . . . . . . . . . . 154Cambodia . . . . . . . . . . . . . . 155Cameroon, United

Rep of . . . . . . . . . . . . . . . 156Canada . . . . . . . . . . . . . . . . . . 2Canary Islands . . . . . . . . . . . 85Cape Verde . . . . . . . . . . . . 157Cayman Islands . . . . . . . . . . 33Central African Republic . . 158Chad Republic . . . . . . . . . . 159Channel Islands . . . . . . . . . 124Chile . . . . . . . . . . . . . . . . . . 98China, Peoples Rep of . . . . . 46China, Rep of (ROC) . . . . . 40

COUNTRY/TERRITORY OF RESIDENCE CODESIf your country is not listed, leave the field blank.

Industry Classification (choose one)

Academic Institution (2)Bank (all) (3)Broker-Dealer, Investment Banking (1)Consulting (4)Financial Publisher (6)Foundation/Endowment (7)Government/Regulatory Agency (8)Insurance Company (9)Investment Company/

Mutual Fund (10)Investment Management

Counseling (11)Plan Sponsor

Corporate (5)Public (13)Union (15)

Retired (14)Other (16)

Title and Occupation Classification

(choose up to two)Academic (RR)Accountant/Auditor (A)Actuary (B)Analyst

Closely Held Companies (SS)Credit (K)Emerging Markets (WW)Equity (O)Fixed Income (S)

Mergers and Acquisitions (TT)Options and Futures (CC)Quantitative Research (GG)Real Estate (HH)Venture Capital (UU)

Attorney (C)Bank

Examiner/Regulator (D)Trust Administrator (QQ)Trust Investments (AB)

CEO/Chair/Partner/Principal (E)Chief Investment Officer (F)Compliance Officer (G)Consultant

Management (BB)Pension (YY)

Corporate Financial Officer (I)Corporate Pension Officer (J)Derivatives Specialist (L)Director of Research (M)Economist (N)Financial Journalist (Q)Financial Planner (R)Government (U)Investment Administrator (W)Investment Banker (X)Investment Counselor (Y)Investment Firm Manager (Z)Mutual Funds (ZZ)Performance Measurement

Specialist (DD)Portfolio Manager (EE)Portfolio Strategist (FF)Retired (VV)

Sales and Marketing RepresentativeInstitutional (V)Investment Services (AA)Retail (II)

Student (MM)Trader/Securities and Other (KK)Other (XX)

Industry Specialty(choose up to three)

Advertising (AD)Aerospace (AE)Apparel/Textiles (AP)Asset Backed Securities (AB)Automobiles & Accessories (AU)Banks (BA)Beverages (BE)Bonds (all) (BO)Cash Equivalents (CE)Chemicals (CH)Communications (CM)

(Newspaper/Periodicals/ Radio/TV)Computers (Hardware/Software) (CP)Construction (CO)Construction Building Materials (BU)Construction Manufact. Housing (MH)Consulting (C)Consumer Products

(Durable/Non-Durable) (DN)Containers (CT)Cosmetics (CU)Diversified Companies (DV)Drugs (DR)

Electronics/Electrical Equipment (EL)Energy

Natural Gas Pipeline (G)Nuclear & Solar (EN)Oil & Gas Producers (OI)Oil Services (OS)

Entertainment (ET)Environmental Control (EV)Food Processing (FO)Generalist (follow 3 or more

industries) (GN)Health Care and Maintenance (HC)Lodging & Food Services (LF)Machinery (MA)Metals (MI)Non-Bank Financial Institutions

Insurance (IS)Savings & Loan (SA)Security Brokerage (SB)

Non-U.S. Securities (NU)Office Equipment (OF)Paper & Forest Products (PA)Publishing (PU)Real Estate (RL)Retail Trade (RT)Retired (R)Special/Emerging Situations (SS)Steel (ST)Technology (TH)Telecommunications (TC)Tobacco (TO)Transportation (Common Carrier) (T)Utilities (all) (UT)Other (YY)

6 Save mailing time and costs by using Online Candidate Registration at www.aimr.org

before the chosen examination date. AIMR will confirm yourrequest in writing within four to six weeks of receipt of yourEnrollment Form or written request.

Sponsors

When enrolling for Level III of the CFA examination, candi-dates must supply AIMR with acceptable professional sponsors.Candidates will be provided with complete information on spon-sors upon successfully passing the Level II examination.

Address Changes

Address changes must be submitted to Information Central viafax, mail, e-mail, or the AIMR Web site. Failure to notify AIMRof an address change may prevent or delay receipt of importantinformation. Changing your address will not change yourtest center. Requests for test center changes must be receivedin writing by AIMR at least 60 days before the chosen examina-tion date.

Tickets

Admission tickets for the 2003 examinations will be distributedin April and October 2003. Candidates must present the ticketand a current government-issued photo identification (a validpassport is AIMR’s preferred form of identification) for admit-tance on examination day. Tickets will indicate the examinationdate, candidate number, level, room number, and test centeraddress. Candidates should carefully examine their tickets andnotify AIMR immediately by phone, fax, or e-mail of any prob-lems. Candidates will not be permitted entry to the testingroom without a ticket.

Before the Examination

AIMR recommends that you visit your test center prior to exam-ination day to become familiar with traffic patterns, parkingavailability, and public transportation options or constraints.

Calculator Policy

On examination day, candidates are permitted to use two mod-els of business calculator: either the Texas Instruments BAII Plusor the Hewlett-Packard 12C. You are encouraged to purchase andpractice with one of these calculators. If you wish to bring aback-up calculator with you to the examination, it must be oneof these two models.

Both calculators are available through retail. Purchasing infor-mation can be found on the Internet as follows:

Texas Instruments www.education.ti.com/Hewlett-Packard www.shopping.hp.com/

Prior to entering the testing room, all programmable calculatormemory must be cleared. Proctors are instructed to confiscateunauthorized calculators.

CANDIDATE RESPONSIBILITIES

Sunday Examination Dates: Eastern Asia and Oceania

The 2003 CFA examinations will be offered on Sunday, 1 June, at test centers located east of 60 degrees of longitude:Pakistan, India, Australia, most of Asia, and the island nations ofthe Pacific Basin. The examination will be held on Saturday, 31 May, at all other sites. The Level I examination is also offeredon Sunday, 7 December 2003 at test centers located east of 60degrees of longitude and on Saturday, 6 December 2003 at otherselected sites.

Special Requests for Taking the Examination

Candidates may request one or more special accommodations —including a special test center, a disability accommodation, or areligious alternative date — by marking the appropriate boxes inSection 1 of the Registration & Enrollment Form. Because spe-cial requests may require significant processing time, candidates are urged to complete the forms at the earliest possible date.

Special Test Center (May/June only). Candidates mayrequest a special test center for the May/June examination in alocality where AIMR does not currently offer the examination.AIMR has the sole discretion to approve special test centers.Approvals will not be announced prior to 1 February 2003.

Disability Accommodations. AIMR attempts to provide rea-sonable accommodations for disabled candidates who cannot betested under ordinary conditions.

Candidates who request a disability accommodation must readthe instructions and information sheet for requesting disabilityaccommodations located in the Candidate Services Section ofthe AIMR Web site. The request form and supporting docu-mentation must be submitted to AIMR. All disability accommo-dation forms and supporting documentation must be received byAIMR at least 75 days before the chosen examination date.

The information that candidates will be asked to provideincludes:

(1) A detailed description of the suggested accommodation; and

(2) Acceptable documentation from a qualified healthcareprovider/diagnostician stating the specific diagnosis of thedisability and documenting the need for the suggestedaccommodation.

Religious Alternative Date. Candidates whose religious obli-gations or beliefs prevent them from taking the examination onthe scheduled date may request an alternate examination date.Candidates must check the “Religious Alternative Date” box onthe Enrollment Form or submit their request in writing toAIMR. Requests must be received by AIMR at least 75 days

7You can Register/Enroll online at www.aimr.org 77

Test Center Regulations

Test center supervisors and proctors enforce a number of testcenter regulations to ensure that all candidates are provided withan appropriate testing environment. These regulations include:

• Identification. Proctors will deny admission to anyone whodoes not present an acceptable form of identification. To beconsidered acceptable, the identification must be current andvalid, must contain your photo, must be issued by a govern-ment agency and must be a single document. There are noexceptions to this policy. AIMR’s preferred form of identifica-tion is a valid passport.

• Pledge. Candidates will be required to sign a pledge that theyhave not given or received assistance during the examination.

• Test administration. The proctors will tell candidates when tostart and stop work on each separately timed section.

• Time. Proctors will keep the official time. Candidates may takenoiseless watches to the test center. Watches with engagedaudible alarms or timers are not permitted.

• Testing staff. Testing staff will circulate throughout the testingroom to ensure that candidates are adhering to the conditions,requirements, policies, and procedures for taking the CFAexamination.

• Recording answers. All multiple choice and item set answersmust be recorded on your answer sheet using a number two, orHB, pencil. All essay answers for Levels II and III must berecorded in English on the correct answer pages using blue orblack ink. Answers recorded on the question pages will not bescored.

• Scratch paper. Scratch paper is not permitted.

• Rule Violations. Supervisors will report any violation of AIMRtesting rules or policies that occurs during the examination toAIMR.

• Testing materials. All test materials, including examinationbooks and answer sheets, are the property of AIMR and mustbe returned to AIMR by test supervisors after every adminis-tration. Candidates may not remove any materials from the testcenter. If you do not return your examination book and answersheet before you leave the testing room, your examination willnot be graded. Legal action may be taken against any candi-date who removes an examination book and/or reproduces it.

Misconduct

If you engage in any misconduct during the examination—suchas creating a disturbance; giving or receiving help; working on orreading the examination during a time not authorized by theproctor; removing examination materials or notes from the test-ing room; taking part in an act of impersonation or other forms ofcheating; failing to follow the directions of test center staff; fail-ure to follow AIMR’s conditions, requirements, policies or pro-cedures; or using books, unapproved calculators, headsets,rulers, listening devices, paging devices (beepers), cellularphones, recording or photographic devices, papers of any kind,

or other aids—you may be dismissed from the test center andmay be subject to other penalties for misconduct, includingvoiding of examination results and suspension or termination ofyour candidacy in the CFA Program.

Candidates are “covered persons” under AIMR Bylaws and theRules of Procedure for Proceedings Related to Professional Con-duct (Rules of Procedure). Therefore, any proceeding/investiga-tion of a candidate’s alleged misconduct is considered a profes-sional conduct matter and conducted pursuant to the Rules ofProcedure. The Rules of Procedure can be found on the AIMRWeb site or by calling Information Central at the number on theinside front cover.

Liability for Personal Articles

Candidates will not be permitted to enter the testing room ifthey bring prohibited items to the test center.

The following items are prohibited:

• Baggage of any kind including backpacks, handbags, tote bags,briefcases, luggage, and lunch containers.

• Study materials including notes, papers, textbooks, studyguides, scratch paper, present/future value tables, or calculatormanuals.

• Cellular telephones, pagers, headsets, computers, electronicorganizers, personal data assistants, or any other remote com-munication or photographic devices.

• A watch with an engaged audible alarm or timer.

• Highlighters, correction fluid, correction tape, rulers.

The following items may be carried into the test center in your pockets or in a clear plastic bag measuring approximately 8" × 8"(20 cm. × 20 cm.):

• Examination Admission Ticket.

• Current government-issued photo identification.

• Approved calculator(s), including calculator case(s).

• Writing instruments (pens and pencils).

• Medicine, tissues, and other medically necessary or personalitems.

• Food and drinks (must be consumed outside of the testingroom).

• Erasers, calculator batteries, pencil sharpeners, eyeglasses,earplugs.

Testing Concerns

AIMR has an online Examination Comments Center for candi-dates, located in the Candidate Services Section of the AIMRWeb site. After taking the examination, candidates may go to theCenter for either of the following:

• If you believe that an examination question contained anerror, please submit via the Examination Content link within

8 Save mailing time and costs by using Online Candidate Registration at www.aimr.org

AIMR is registered with the NationalAssociation of State Boards ofAccountancy (NASBA), as a sponsorof continuing professional educationon the National Registry of CPESponsors. State boards of accountancy

have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registeredsponsors may be addressed to the National Registry ofCPE Sponsors, 150 Fourth Avenue North, Suite 700,Nashville, TN 37219-2417 USA. NASBA phone number:615.880.4200. Web site: www.nasba.org

five days of the examination. Your submission will beacknowledged but you will not receive an individualresponse to your submission.

• If you have comments about your test center, please submitvia the Examination Administration link within 30 days of theexamination. AIMR will respond to your comments within60 days of receipt.

The Examination Comments Center is the ONLY way for candidates to convey examination-related comments to AIMRafter the 2003 examination. Mail, fax, or e-mail submissions can-not be guaranteed consideration and should not be used.

Reservation of Right to Cancel Examination

AIMR may determine to change the date, time, or conditions ofthe administration of the examination or cancel the administra-tion of the examination, either entirely or at a particular test center or centers, if AIMR, in its sole discretion, determines thatany such action is needed to protect the integrity of the CFAProgram or because administration of the examination is hindered by any cause that could not be reasonably preventedby AIMR, including acts of God, a public enemy, or a militaryauthority; or fire, flood, earthquake, storm, or other natural disaster.

Policy Changes

AIMR may change its conditions, requirements, policies, andprocedures governing the CFA Program and AIMR membershipfrom time to time. Candidates and members are required toadhere to the revised conditions, requirements, policies, andprocedures which will be published in various AIMR publica-tions including the CFA Candidate Bulletins, AIMR newsletters,AIMR Bylaws, and on AIMR’s Web site at www.aimr.org.

Three years of acceptable professional work experience arerequired before the CFA charter can be awarded. This experiencemay be accrued while the candidate is in the CFA Program, afterthe candidate has passed all three levels of examinations, or fromprevious positions. Acceptable work experience includes activitiesthat consist to a significant extent of collecting, evaluating, orapplying financial, economic, or statistical data (as appropriate) aspart of the investment decision-making process; or supervising,directly or indirectly, those who practice such activities; or theteaching of such activities. The investment decision-making

process is the professional practice of financial analysis, investmentmanagement, securities analysis, or other similar activities. CFAcandidates are required to spend at least 40 percent of their time inthese activities to accrue the required professional work experi-ence. Summer, part-time, and internship positions do not qualify.

The following job titles are provided as a guide only. Job titlesalone cannot convey the true nature of the underlying job duties.Therefore, to assess professional work experience, evaluate thenature of your job activity, as described above, rather than merelythe job title.

AccountantActuaryAuditorBank ExaminerBank Lending (corporate)Business AppraiserClient Services ManagerCompliance ExaminerConsultant on Investment Manager Selection/

Investment Policy Corporate Chief Financial OfficerCorporate Controller (not finance/not investment)Derivatives AnalystDirector of FinanceDirector of Mutual FundsEconomist (involved in investment

decision-making process)

Financial Journalist (Editor/Reporter/Publisher)Financial PlannerInternal Corporate Planning AnalystInternal Management of Investment FirmInvestment Banking/Corporate Finance ConsultantInvestment Sales (consultative)Investment Strategy FormulationInvestor Relations Management Consultant (excluding personnel)Marketer (of investment management services,

funds, securities, etc.)Mutual Fund Sales/TrainerOptions/Futures/Commodities AnalystPortfolio AdministratorPortfolio ManagerPortfolio Performance Evaluator

WORK EXPERIENCE GUIDELINES FOR EVENTUAL AWARD OF THE CFA CHARTER

Portfolio StrategistProduct/Software Developer (of investment-

related products/services)Professor/Instructor

(investment, finance, and economics, or non-financial business administration)

Quantitative Investment AnalystReal Estate Investment Manager Risk Analyst (securities related)Securities and Investment AnalystSecurities RegulationSecurities TraderSecurities UnderwriterStockbroker/Registered RepresentativeValuator of Closely Held BusinessValuator of Mergers/AcquisitionsVenture Capital Investment (not securities)

ABOUT THE CFA PROGRAM

Requirements to Be Awarded andMaintain the Use of the CFA Charter

To be awarded the CFA charter, a candidate must:

1. Sequentially pass the Level I, Level II, and Level IIIexaminations; and

2. Have at least three years of acceptable professional experience working in the investment decision-makingprocess; and

3. Fulfill AIMR membership requirements and apply concur-rently for membership in AIMR and in an AIMR MemberSociety or Chapter (if a Member Society or Chapter is locat-ed within 50 miles (80 km) of candidate’s place of business).As part of the application for AIMR membership, a candidatemust:

• Provide current completed sponsor forms;

• Sign and complete the Professional Conduct Statement;

• Sign and agree to comply with the terms of the Member’sAgreement; and

• Exhibit a high degree of ethical and professional conduct.

4. Once a candidate becomes a CFA charterholder, he or shemust comply with AIMR’s conditions, requirements, policiesand procedures of a CFA charterholder and AIMR member,including those set forth in the AIMR Articles of Incorpora-tion, Bylaws, Code of Ethics, Standards of Professional Conduct, Rules of Procedure for Proceedings Related to Professional Conduct, and other conditions, requirements,policies and procedures that may be established and amend-ed from time to time, including the submission of an annualProfessional Conduct Statement and the payment of mem-bership dues. Failure to comply with AIMR’s conditions,requirements, policies and procedures can result in discipli-nary sanctions, including suspension or revocation of theright to use the CFA designation.

9

For your records, enter the date your Registration &Enrollment Form was mailed:

DAY MONTH YEAR

Your overnight carrier: _______________________________________(if chosen for sending the form to AIMR)

Tracking number: ____________________________________________

Registration & Enrollment Package

CANDIDATE CHECKLIST

Before mailing your Registration & Enrollment Form,please make sure that you:

Complete all sections on both sides of the form. (There are a total of eleven sections).Sign and date the form (Section 11 located on the back ofthe form).

Enclose payment for the correct amount (either a check ormoney order made payable to AIMR or your credit cardinformation).

Enclose your current business card if you have one. (Pleasedo not staple or tape the card to your form.)

Write your candidate number on the Registration &Enrollment Form in the spaces provided (do this if youhave previously registered for the examination and havebeen assigned a candidate number).

Retain a copy of your Registration & Enrollment Form foryour records.

Consider using an overnight carrier so that your Registra-tion & Enrollment Form can be tracked if it is not receivedby AIMR.

Keep this booklet for future reference.

You can Register/Enroll online at www.aimr.org

DATES REGARDING THE DECEMBER 2003 CFA EXAMINATION

September 2002 Study Guides available

October 2002 Textbooks available for purchase from book distributor

2 January 2003 Registration & Enrollment Form available

17 March Initial deadline for new registrations and enrollments to be received by AIMR

16 June Second deadline for new registrations and enrollments to be received by AIMR

15 September Final deadline for new registrations and enrollments to be received by AIMR

15 September Final deadline for disability accommodation requests andrequests for religious alternative dates to be received by AIMR

6 October All test center change requests must be received by AIMR

October Examination Admission tickets distributed

6 December December 2003 Examination Day

7 December December 2003 Examination Day in Eastern Asia and Oceania

December Examination papers graded

January 2004 Examination results distributed

THIS FORM BOOKLET PERTAINS TO THE DECEMBER 2003 LEVEL I EXAMINATION ONLY.

��2003 D E C E M B E REXAMINATION DATES

CFA® PROGRAM REGISTRATION &ENROLLMENT FORM(Level I Candidates Only)

PLEASE NOTE: Candidates who are enrolled for the May/June examination may not enroll ina subsequent examination until May/June results are released.

FmDc1

FmDc2 Save mailing time and costs by using Online Candidate Registration at www.aimr.org

FEE SCHEDULE

Registration & Enrollment Fees

Applicants pay an initial registrationfee upon entering the CFA Program.In addition to the initial registrationfee, applicants are required to pay anenrollment fee for each examination.New registrants pay both the registra-tion and enrollment fees. Returningcandidates pay only the enrollmentfee.

REFUND POLICY

All registration and enrollment feesare non-refundable with the exceptionof incomplete applications as noted onpage 1. Candidates may not carry forward (defer) enrollment fees. Inaddition, registration or enrollmentfees may not be transferred from oneapplicant/candidate to another appli-cant/candidate.

To avoid bank charges, international applicants may wish to pay their fees by creditcard or money order rather than by check. Only Visa, MasterCard, American Express,Diners Club, and JCB may be used. AIMR does not accept Discover, debit cards, orother cards, and does not invoice for payment.

Registrations and enrollments received after 1 August will be accepted at AIMR’s discretion, depending on test center space availability. AIMR does not guaranteethat space will be available.

Registering after 1 August may place you at a disadvantage in relationto candidates who are already enrolled and have been studying for sev-eral months. Admission is subject to the review and processing of yourapplication. After receipt of the Study Guide, you will also need to orderor otherwise obtain the assigned textbooks.

2003 REGISTRATION AND ENROLLMENT FEE SCHEDULE AND FORM for December Examination Dates

Failure to pay correct amount will result in cancellation of registrationPAYABLE IN US FUNDS

Received by AIMR Received by AIMR Received by AIMR

on or before on or before on or before

17 March 2003 16 June 2003 15 September 2003

Registration US$250 US$375 US$450Enrollment 275 350 575

Total fee US$525 US$725 US$1,025

Application and payment must bereceived by the dates

indicated.

EASTERN ASIA/OCEANIA

*Beijing, PRC . . . . . . . . . . . . . . . . . BJG

*Hong Kong . . . . . . . . . . . . . . . . . . HNK

*Kuala Lumpur, Malaysia . . . . . . . KUL

*Seoul, Korea . . . . . . . . . . . . . . . . . SEO

*Shanghai, PRC . . . . . . . . . . . . . . . SHG

*Singapore . . . . . . . . . . . . . . . . . . . SNG

*Sydney, Australia . . . . . . . . . . . . . SYD

*Taipei, ROC . . . . . . . . . . . . . . . . . . TAI

*Tokyo, Japan . . . . . . . . . . . . . . . . . TOK

SOUTH AMERICA

Sao Paulo, Brazil . . . . . . . . . . . . . . SPB

2003 DECEMBER TEST CENTERS: LEVEL I ONLY

Please select a test center from the list below and write the corresponding code in the spaces provided in Section 1 of the Registration &Enrollment Form. Test centers are located in, or within reasonable travel distance of, these cities. AIMR will make every effort to placecandidates in the test center selected, however, space considerations may require placement at an alternate site. Final test center confirmation will be the examination admission ticket. The examination will be given on Sunday, 7 December, at test centers noted byan asterisk (*).

UNITED STATES

Atlanta, GA . . . . . . . . . . . . . . . . . . ATL

Boston, MA . . . . . . . . . . . . . . . . . . BOS

Chicago, IL . . . . . . . . . . . . . . . . . . CHI

Houston, TX . . . . . . . . . . . . . . . . . HOU

Los Angeles, CA . . . . . . . . . . . . . . LOS

New York City, NY . . . . . . . . . . . . NYC

Philadelphia, PA . . . . . . . . . . . . . . PHL

San Francisco, CA . . . . . . . . . . . . . SF

Washington, DC . . . . . . . . . . . . . . WAS

AFRICA/MIDDLE EAST

Abu Dhabi, UAE . . . . . . . . . . . . . ABD

Johannesburg, So. Africa . . . . . . . JOH

CANADA

Montreal, PQ . . . . . . . . . . . . . . . . MON

Toronto, ON . . . . . . . . . . . . . . . . . TOR

Vancouver, BC . . . . . . . . . . . . . . . VAN

EUROPE

Frankfurt, Germany . . . . . . . . . . . GER

London, England . . . . . . . . . . . . . LON

Enter your candidate number (previously registered candidates only)

COMPLETE SECTIONS 8–11

REMEMBER!

2003PRINT LEGIBLY

OR TYPE

THIS FORM IS FOR THE DECEMBER 2003 LEVEL I EXAMINATION ONLY

MONTH YEAR

MONTH YEAR

MONTH YEAR

1 EXAM INFORMATION You MUST select a test center. For disability accommodations, get required REQUEST: Disability Accommodations (optional)(see previous page for codes) TEST CENTER CODE forms and instructions in the Candidate Religious Alternative Date (optional)

Services section of the AIMR Web site.

2 PERSONAL INFORMATION CHECK ONENational Identification Number (check one box below) Country of

CHECK ONE Mr. Miss MaleResidence Code

Ms. Mrs. Dr. Female U.S. Social Security No. Canadian Social Insurance No. Other Countries (see page 5 for codes)FIRST (GIVEN) NAME MIDDLE NAME OR INITIAL LAST NAME (SURNAME) SUFFIX

3 MAILING INFORMATION: Some carriers will not deliver to Post Office boxes. Preferred Communication To:* Examination Results To:Providing a business address is highly encouraged as a preferred address. Home Business Home Business

HOME STREET ADDRESS APARTMENT NUMBER POST OFFICE BOX NUMBER

CITY STATE/PROVINCE COUNTRY ZIP+4/POSTAL CODE

HOME TELEPHONE HOME FAX

COUNTRY CODE AREA/CITY CODE LOCAL NUMBER COUNTRY CODE AREA/CITY CODE LOCAL NUMBER

E-MAIL

BUSINESS NAME CHECK HERE IF YOU ARE SELF-EMPLOYED

BUSINESS STREET ADDRESS SUITE/FLOOR POST OFFICE BOX NUMBER

CITY STATE/PROVINCE COUNTRY ZIP+4/POSTAL CODE

BUSINESS TELEPHONE BUSINESS FAX

COUNTRY CODE AREA/CITY CODE LOCAL NUMBER COUNTRY CODE AREA/CITY CODE LOCAL NUMBER

E-MAIL

4 EDUCATION (indicate only highest degree received) 5 BIRTH DATE (enter the day, month, year) 19

All Applicants Must Select One of These Statements: (CHECK ONLY ONE) Transcripts are not required, but random checks may be made.My completed college/university degree is a U.S. bachelor’s degree or higher (or comparable non-U.S. degree).

Date Highest College/University Degree Received: Name of College/University:

I am a student and will receive my U.S. bachelor’s degree (or comparable non-U.S. degree) by 31 December 2003.

I expect to receive my degree: Number of full-time College/University Years Completed:

(Date must be 31 December 2003 or before)

I have no degree, but I have a combination of at least four years of college/university and professional work experience or a total of at least four years of professional work experience.

Number of full-time College/University Years Completed:

If you do not have a degree, you must attach a detailed description of all current and previous full-time professional employment, including employment dates (month/year). Summer, part-time, and internship positions do not qualify.

6 PROFESSIONAL INFORMATION INDUSTRY CLASSIFICATION: TITLE AND OCCUPATION: INDUSTRY SPECIALTY: (see page 5 for codes)

7 PAYMENT METHOD (US Dollars) AIMR only accepts Visa, MasterCard, American Express, Diners Club, and JCB.

Make check or money order payable to AIMR. AIMR does not accept Discover or debit cards. AIMR does not invoice for payment.

Corporate Check Enclosed – Check No. Corporate Credit Card Name as it appears on card:

Personal Check/Money Order Enclosed – Check No. Personal Credit Card

Card Number: Expiration Date

SIGNATURE X

The above information must be completed correctly in order to process.*While AIMR uses reasonable efforts to communicate with you at your preferred address, at times we may need to send materials to your secondary address.

D E C E M B E REXAMINATION DATES

CFA® PROGRAM REGISTRATION &ENROLLMENT FORM(New and returning Level I candidates only)

DAY MONTH YEAR

Name of College/University:

10

11

8 PROFESSIONAL CONDUCT INQUIRY

Please answer the following eight questions by marking the appro-priate boxes. Failure to answer all eight questions or to sign the Can-didate Responsibility Statement may result in cancellation.

A. Expulsion or Suspension: Within the last five years, have you been,or are you currently, expelled or suspended from membership or par-ticipation in, or barred or suspended from being associated with aninvestment advisor, broker, dealer, bank, municipal securities dealer,government securities broker or dealer, a self-regulatory organiza-tion, an exchange, contract market, futures association, or equivalententity or organization of any of the foregoing, or have you beendenied trading privileges on any securities or contract market?

Yes No

B. Caused Suspension, Expulsion, or Order: Within the last five years,have you by your conduct while associated with any of the entitiesdescribed in #A above, been found to be a cause of any expulsion, suspension, or order of the character described in #A above?

Yes No

C. Convictions: Have you ever been convicted of (a) any felony orcrime punishable by more than one year in prison or (b) a misde-meanor involving moral turpitude (lying, cheating, stealing, or otherdishonest conduct) or any substantially equivalent crime in any courtof law? If yes, provide the date of conviction, whether conviction wasfor a felony (or equivalent) or misdemeanor, and description of theconduct for which you were convicted. Yes No

D. Injunctions: Within the last five years, have you been prevented byany government, self-regulatory organization, contract market,exchange, futures association, or equivalent entity or organizationfrom: (a) acting as an investment advisor, underwriter, broker, dealer,banker, municipal securities dealer, government securities broker ordealer, transfer agent, or person required to be registered under anylaw or regulation; (b) acting as an affiliated person or employee of anyinvestment company, bank, insurance company, or similar entityrequired to be registered under any law or regulation; or (c) engagingor continuing any conduct or practice in connection with any suchactivity or in connection with the purchase or sale of a security?

Yes No

E. Assisting in Violation: Within the last five years, have you beenfound by any court, regulatory or self-regulatory agency, contract mar-ket, exchange, futures association, or equivalent entity or organizationto have violated or aided, abetted, counseled, commanded, induced, orprocured the violation by any person of any securities- or commodities-related law or regulation or any rule adopted pursuant to those laws orregulations? Yes No

F. Litigation or Arbitration: Within the past five years, have you been adefendant or respondent in any securities- or commodities-related civillitigation or arbitration in which your professional conduct, in either adirect or supervisory capacity, was at issue, which has been disposed of byjudgment, award, or settlement for any amount exceeding US$20,000?

Yes No

G. Damage Claims: Within the past five years, have you been the subject of any claim for damages by a customer, broker, or dealer thatwas settled for an amount exceeding US$20,000? Yes No

H. Monetary Fine: Within the past five years, have you been the subjectof any disciplinary action taken by a self-regulatory organization againstany member of, or person associated with, such self-regulatory organiza-tion involving suspension, termination, the withholding of commissionsor imposition of fines in excess of US$20,000, or any other significantlimitation of activities? Yes No

9

11

SIGNATURE X

PRINT NAME DATE

CANDIDATE PROFESSIONAL CONDUCT STATEMENT

(to be completed only by previously registered candidates)

Please answer Questions A and B by marking one of the appropriateboxes. You must mark an affirmative response if either one of the ques-tions applies. Any matter described in Questions A and B must be dis-closed, even if the matter is still pending.

Since becoming a candidate in the CFA Study and Examination Program,have you been:

A. The subject of, a defendant to, or respondent in any investigation,civil litigation, arbitration, or other action or proceeding in which yourprofessional conduct, in either a direct or supervisory capacity, was atissue, orB. The subject of a written complaint regarding your professional con-duct in either a direct or supervisory capacity?

No Yes, matter currently under investigation by AIMRYes, not previously disclosed to AIMR Yes, matter previously investigated by AIMR; review concluded

CANDIDATE RESPONSIBILITY STATEMENT

I understand, accept, and agree to comply with all conditions, require-ments, policies and procedures for the CFA Program established by theAssociation for Investment Management and Research, and as amendedfrom time to time. I understand that such conditions, requirements, poli-cies and procedures include all material set forth in the CFA Registrationand Enrollment Package for this year’s examination as well as AIMR andits subsidiary organization’s Articles of Incorporation and Bylaws, Codeof Ethics, Standards of Professional Conduct, Rules of Procedure forProceedings Related to Professional Conduct and other conditions,requirements, procedures and policies, which may be established andamended from time to time, information about which is available by con-tacting AIMR at 800-247-8132 or 434-951-5499 or on AIMR’s Web site.I understand that AIMR has the authority to enforce its conditions,requirements, policies and procedures against me and may reject, sus-pend, or terminate my candidacy at any time or decline to award me theright to use the CFA designation for my failure to satisfactorily meet anysuch conditions, requirements, policy and procedures.

I understand that all registration and enrollment fees are non-refundableand non-transferrable.

I understand that any dispute arising from AIMR’s conditions, require-ments, policies and procedures shall be governed in all respects by thelaw of the Commonwealth of Virginia. The exclusive forum for any suchdisputes shall be the state and federal courts located in the Common-wealth of Virginia.

I represent that the information contained in my application, includingmy response to the Professional Conduct Inquiry and Candidate Pro-fessional Conduct Statement, is truthful and complete, and I agree tonotify AIMR of any material changes to my responses to any of thequestions on this form including my current address(es).

USE OF CONTACT INFORMATION

Do not release my personal information to:Member Societies and Member ChaptersCFA examination preparatory course providersOthers that offer financially related services and productsRegulatory authorities for the purpose of obtaining exemption fromvarious regulatory examinations

PLEASE REVIEW THIS FORM TO MAKE SURE ALL INFORMATION IS COMPLETE AND RETAIN A COPY FOR YOUR RECORDS.THIS FORM IS FOR THE DECEMBER 2003 LEVEL I EXAMINATION ONLY

Enter your candidate number(previously registered candidates only)