--IMPORTANT NOTE--

     The 2004 Annual Report is presented in PDF format. To view the Annual Report you must have Adobe Acrobat® Reader® software. If you do not have Adobe Acrobat® software on your computer, use the link to go to Adobe's web site for a free download.     Adobe

 

2004 Annual Report *



In his 2004 letter to shareholders, Mr. Buffett refers to an article which appeared in the November 10, 2003 edition of Fortune Magazine.

The letter also refers to an op-ed piece which appeared in the July 6, 2004 edition of The Washington Post.


* Includes copyrighted material reproduced with permission

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