Top Institutional Shareholders of IT Services Cos.
		31-Dec-03
			IBM		EDS
	Institution Name		$ Value	Change	$ Value	Change
			(Mill)		(Mill)
	Market Cap (4/28/04)		$153,640	-2%	$8,770	-26%
	Market Cap (12/31/03)		$157,556		$11,814
	Institutional Ownership %		56%		91%
	Insider Ownership %		1%		1%
				Change 9/30/03		Change 9/30/03
				-12/31/03 (#Shrs)		-12/31/03 (#Shrs)
1	Alliance Capital Mgmt		$867	4.3%	$61	138.1%
2	Smith Barney Asset Mgmt		$931	-5.4%	$156	51.9%
3	Hotchkis & Wiley Capital Mgmt Llc				$395	29.4%
4	T Rowe Price Associates				$555	19.6%
5	Dodge & Cox				$1,253	18.1%
6	Fidelity Mgmt & Research		$2,855	3.0%	$119	14.5%
7	Templeton Global Advisors				$329	11.4%
8	Equinox Capital Management Llc				$128	8.0%
9	Pacific Financial Research				$1,032	7.1%
10	Capital Research & Mgmt		$2,585	2.4%	$1,361	6.8%
11	Bristol (John W) Co				$96	4.9%
12	Fisher Investments				$141	3.2%
13	Northern Trust Co (Chicago)		$2,050	2.2%	$151	3.2%
14	Vanguard Group		$3,226	4.3%	$236	3.2%
15	Lsv Asset Mgmt				$135	2.4%
16	Dreman Value Management				$260	0.7%
17	Oppenheimerfunds				$128	0.3%
18	Barclays Global Investors Intl		$6,616	-0.8%	$394	-0.2%
19	Tweedy Browne Co				$68	-4.5%
20	Deutsche Inv Mgmt Americas/Scudder Invest				$201	-4.7%
21	State Street Global Advisors		$11,672	-2.4%	$715	-4.7%
22	Morgan Stanley Investment Mgmt		$866	-4.2%	$71	-12.5%
23	Tiaa Cref Investment Mgmt Inc		$1,659	-4.7%	$77	-13.0%
24	Brandes Investment Partners				$349	-13.0%
25	Oppenheimer Capital				$153	-25.0%