IMPORTANT NOTICE
You are now leaving the Gerald L. Ray & Associates, Ltd. Web site and will be entering the Bear, Stearns & Co. Inc. ("Bear Stearns") Web site.
Bear Stearns is a registered broker-dealer, and is not affiliated with any advisor(s) whose name(s) appear(s) on this Web site. Gerald L. Ray & Associates, Ltd. is independently owned and operated. Bear Stearns neither endorses nor recommends any particular advisor or investment strategy. Gerald L. Ray & Associates, Ltd. provides investment advisory services for your account. Bear Stearns has agreements with Gerald L. Ray & Associates, Ltd. under which Bear Stearns provides Gerald L. Ray & Associates, Ltd. with services related to your account. Bear Stearns does not review the Gerald L. Ray & Associates, Ltd. Web site, and makes no representation regarding the content of the Web site. The information contained in the Gerald L. Ray & Associates, Ltd. Web site should not be considered to be either a recommendation by Bear Stearns or a solicitation of any offer to purchase or sell any securities.