LaBranche & Co. Inc. is a holding company that is the sole member of LaBranche & Co. LLC and the sole stockholder of LaBranche Financial Services, Inc. (LFSI). LaBranche & Co. LLC is a subsidiary of the Company and a specialty firm on the New York Stock Exchange (NYSE) and the American Stock Exchange. LFSI provides clearing, prime brokerage and execution services to both individual and institutional clients, including traders, professional investors and broker-dealers, and direct access floor brokerage services. In addition, LFSI provides front-end order execution systems, analysis and reporting solutions for the wholesale securities market. As of December 31, 2001, the Company acted as a specialist for 591 common stocks listed on the NYSE. The Company's listed companies operate in a variety of industries, including financial services, media, oil and gas, retail, technology and telecommunications