Although we will continue to face challenges, we have opportunities and I am excited about the direction of our company. The economy in the United States has picked up and demand for our products is better now than it was at this time last year.  genuinely believe our best days are ahead of us and I want to thank our employees for their hard work and contributions that have enabled International Paper to make the progress we did in 2004. I also want to thank our customers for the business  they placed with International Paper and I want to thank our shareowners for their confidence and the investments they have made in our company. We are dedicated to earning your continued support.  John Faraci Chairman and Chief Executive Officer  International Paper’s Senior Leadership Seated, from left,  Marianne Parrs , executive vice president;  Tom Gestrich , senior vice president, Consumer Packaging;  Rob Amen ,  president;  Dennis Thomas , senior vice president, Public Affairs and Communications;  John Faraci , chairman and chief executive officer; Rich Lowe , senior vice president and president, xpedx;  Maura Smith , senior vice president, general counsel and corporate secretary;  Newland Lesko , executive vice president; and  Andy Lessin senior vice president, Internal Audit. Standing, from left,  Bill Hoel , senior vice president, Sales and Marketing;  George O’Brien , senior vice president, Forest Resources and  Wood Products*;  Wayne Brafford , senior vice president, Industrial Packaging;  LH Puckett , senior vice president, Coated and SC Papers;  Chris Liddell , senior vice president and chief financial officer;  Cato Ealy , senior vice president, Corporate Development;  Mike Balduino ,  senior vice president and president, Shorewood Packaging;  Richar Phillips , senior vice president, Technology;  Paul Herbert , senior vice president, Printing & Communications Papers;  Tom Kadien senior vice president and president, International Paper Europe; and  Jerry Carter , senior vice president, Human Resources. *Mr. O’Brien recently retired.