Dupont Direct Financial Holdings, Inc. (fka DIRX)

[lifegear]

The principal operating business during the June 30, 2002 quarter was Dupont
Securities Group, Inc. ("DSGI"), a broker-dealer registered with the United
States Securities and Exchange Commission ("SEC") with membership in the
National Association of Securities Dealers, Inc. ("NASD"). The other businesses
the Company owns are Wavecount Asset Management LLC (WAM), American
International Securities, Inc. (AIS), Wavecount Advisory Services, Inc. (WASI),
in which the Company performs its corporate advisory service functions that do
not necessarily require the issuance of securities and therefore the services of
a registered broker- dealer. DIRX has an approximately 48 percent interest in
Native American Financial Services Company ("NAFSCO")