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Torch Energy Royalty Trust

Torch Energy Royalty Trust is listed on NYSE (TRU). The Trust was formed effective October 1, 1993 under the Delaware Business Trust Act pursuant to a trust agreement (Trust Agreement) among Wilmington Trust Company, as trustee (Trustee), Torch Royalty Company (TRC), Velasco Gas Company Ltd. (Velasco) and Torch as grantor. TRC and Velasco created net profits interests (Net Profits Interests) which burden certain oil and gas properties (Underlying Properties) and conveyed such interests to Torch. Torch conveyed the Net Profits Interests to the Trust in exchange for an aggregate of 8,600,000 units of beneficial interest (Units). Such Units were sold to the public through various underwriters in November 1993. Pursuant to an administrative services agreement (Administrative Services Agreement), Torch provides accounting, bookkeeping, informational and other services related to the Net Profits Interest.

TORCHMARK CAPITAL TR I

TORCHMARK CAPITAL TR I is listed on NYSE (TMK-T). Torchmark Corporation (Torchmark), an insurance holding company, was incorporated in Delaware in 1979, as Liberty National Insurance Holding Company and was renamed Torchmark Corporation in 1982. Its primary subsidiaries are American Income Life Insurance Company (American Income), Liberty National Life Insurance Company (Liberty), Globe Life And Accident Insurance Company (Globe), United American Insurance Company (United American), and United Investors Life Insurance Company (United Investors). Torchmark's website is: www.torchmarkcorp.com. Torchmark makes available free of charge through its website, its annual report on Form 10-K, its quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports as soon as reasonably practicable after they have been electronically filed with or furnished to the Securities and Exchange Commission. The following table presents Torchmark's business by primary marketing distribution method.

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Valor Communications Group Inc. ..e of the largest providers of telecommunications services in rural communities in the southwestern United States and, based on the number of telephone..

Ventas Inc. ..in 1985. We own a geographically diverse portfolio of healthcare and senior housing facilities which, as of December 31, 2004, consisted of 201 skille..

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Wireless Facilities Inc. ..tion regarding Managements Discussion and Analysis of Financial Condition and Results of Operations) contains forward-looking statements regarding our..

W.P. Carey & Co. LLC ..visory company that invests in commercial properties leased to companies domestically and internationally, and earns fees as the advisor to affiliated..

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Anchor BanCorp Wisconsin Inc. .. a registered savings and loan holding company incorporated under the laws of the State of Wisconsin and is engaged in the savings and loan business t..

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Arch Chemicals Inc. ..ls manufacturer which supplies value-added products and services to many industries on a worldwide basis. The principal business segments in which the..

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Audiovox Corporation ..incorporated herein by reference contain forward-looking statements based on expectations, estimates and projections as of the date of this filing. Ac..

Avatar Holdings Inc. .. of Delaware in 1970. Our principal executive offices are located at 201 Alhambra Circle, Coral Gables, Florida 33134 (telephone (305) 442-7000). We a..

Credicorp Ltd. ..ted in Bermuda in 1995 to act as a holding company, coordinate the policy and administration of its subsidiaries and engage in investing activities. C..

FLEET CAP TR VIII .. financial services company organized under the laws of the State of Rhode Island. Unless otherwise indicated or unless the context requires otherwise..

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BankUnited Financial Corporation ..1993 as the holding company for BankUnited, FSB, the largest banking institution headquartered in Florida based on assets. (As used in this Form 10-K,..

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Chemgenex Pharmaceuticals Ltd .. Finance and Development Corporation. It was renamed the Kingsway Finance Group in August 1964 and then became Australia Wide Industries Limited in Ma..

Centennial Bank Holdings Inc. ..holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Our principal business is to serve as a ..

Commerce Energy Group Inc ..dependent energy provider of retail electric power and natural gas supply to residential, commercial, industrial and institutional customers in nine s..

Crown Cork & Seal Company Inc. ..de leader in the design, manufacture and sale of packaging products for consumer goods. The Company's primary products include steel and aluminum cans..

Brilliance China Automotive Holdings Limited ..lliance China Automotive Holdings Limited was established as an exempted company with limited liability under the laws of Bermuda on June 9, 1992. Bri..

Claude Resources Inc. ..e corporation under the Canada Business Corporations Act (the CBCA) on March 26, 1980 and was converted to a public company by Articles of Amendment d..

CIRCOR International Inc. ..orward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995 (the Act) and releases issued by the Secu..

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Canadian Natural Resources Limited ..Canadian based senior independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NG..

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Ecolab Inc. ..in 1924. Our fiscal year is the calendar year ending December 31. Effective January 2004, we reorganized our businesses serving the janitorial and hea..

NIC Inc. ..ps governments use the Internet to reduce costs and provide a higher level of service to businesses and citizens. We accomplish this currently through..

Emmis Communications Corporation ..dcasting, television broadcasting and magazine publishing operations. We operate the eighth largest publicly traded radio portfolio in the United Stat..

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Franklin Credit Management Corp ..ily engaged in the acquisition, origination, sale, servicing and resolution of performing, sub-performing and non-performing residential mortgage loan..

Furniture Brands International Inc. ..ection of John T. (Tom) Foy as President and Chief Operating Officer of the Company. On February 13, 2004, the Company announced the appointment of Ra..

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Holly Corporation ..ly Corporation and its consolidated subsidiaries. In accordance with the Securities and Exchange Commission's (SEC) Plain English guidelines, this Ann..

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