FEI/Duke CFO Outlook Survey
June 2003

All information will be used only in aggregate form. No individual data is recorded or made public. Please respond by midnight Eastern, Wednesday, June 18th. If you have any questions about this survey, please contact us.

1. Are you more or less optimistic about the U.S. economy compared to last quarter?
More optimistic
Less optimistic
No change
Rate your optimism about the U.S. economy on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

2. Are you more or less optimistic about the financial prospects for your company compared to last quarter?
More optimistic
Less optimistic
No change
Rate your optimism about the financial prospects for your own company on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

3. What do you think annualized U.S. GDP growth will be during the next 12 months? (e.g., +3%, -2%, etc.)
%


4. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months? (e.g., +3%, -2%, etc.)  [Leave blank if not applicable]
%  Prices of your products
%  Productivity (output per hour worked)
%  Overtime
%  Advertising/Marketing spending
%  Health care costs
%  Inventory
%  Number of employees
%  Wages/Salaries
%  M&A activity
%  Dividends
%  Technology spending
%  Capital spending
%  Earnings
%  Revenues

5a. Regarding capital spending, is your company:
Holding off on all or nearly all capital spending
Spending cautiously
Spending at normal rate
Making ambitious capital expenditures

5b. If your company's capital spending is at less than normal levels, when do you anticipate returning to normal spending?
Second half of 2003
First half of 2004
Second half of 2004
2005 or later
Don't know/Can't project
N/A – Not spending below normal levels

6. As of June 6th, the annual yield on 10-yr treasury bonds was 3.4%. Please complete the following:

a. Over the
next 10 years, I expect the average annual S&P 500 return will be:

Worst Case: There is a 1-in-10
chance the actual average
return will be less than:

                %
Best Guess:
I expect the
return to be:

      %
Best Case: There is a 1-in-10
chance the actual average
return will be greater than:

               %

b. During the next year, I expect the S&P 500 return will be:

Worst Case: There is a 1-in-10
chance the actual return will
be less than:

                %
Best Guess:
I expect the
return to be:

     %
Best Case: There is a 1-in-10
chance the actual return will
be greater than:

               %