FEI/Duke CFO Outlook Survey
March 2004

All information will be used only in aggregate form. No individual data is recorded or made public. Please respond by midnight Eastern, Tuesday, March 23rd. 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. On March 17, 2004 the annual yield on 10-yr treasury bonds was 3.7%. 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:

          %

c. Relative to the typical investor, how would you rate your ability to predict future stock market returns?

  Poor Average Excellent  
  1 2 3 4 5 6 7  
   

5a. 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
%  Amount of work sent "off-shore"
 %  Wages/Salaries
%  M&A activity
%  Dividends
%  Technology spending
%  Capital spending
%  Earnings
%  Revenues
%  R&D spending

5b. What do you expect to be your company's PERCENTAGE CHANGE in revenues during the next 12 months?

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

          %		 Best Guess:
I expect the actual
change in revenues
to be:

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

          %

6. On March 17, 2004, one U.S. dollar was worth 0.816 Euros. How many Euros do you think one U.S. dollar will be worth on December 31, 2004? (e.g., 0.70, 0.95, 1.20)
   Euros

7. Which presidential candidate do you think will be better in the following categories?
  Kerry better No difference Bush better
GDP Growth
U.S. Employment
Homeland Security
Foreign Policy
Domestic Issues
Stock Market
Interest Rates

8. Approximately what percent (%) of your company's workforce is outsourced to locations outside of the U.S.? (e.g., 0%, 12%, 25%)
   %