The following graph compares the performance of the Company's Class A Common Stock from January 3, 2003 to the end of fiscal 2007 with the performance of the Standard & Poor's Corporation Composite 500 Index and the Standard & Poor's Hotels, Resorts and Cruise Lines Index. The graph assumes an initial investment of $100 on January 3, 2003, and reinvestment of dividends.

NOTE: The S&P 500 Hotels, Resorts and Cruise Lines Index includes Carnival plc, Starwood Hotels & Resorts, the Company, and Wyndham Hotels and Resorts. In October of 2007 Hilton Hotels Corporation was delisted from the index.

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