WA ID CA AZ MN KS NE CO OK TX MS TN SC NC KY IN OH WV VA MD PA NY VT ME MI MI WI IL AL GA FL AR MO IA OR TDS Corporate headquarters, Chicago, IL U.S. Cellular Markets currently owned and managed U.S. Cellular PCS markets TDS Telecommunications operations States of operation or markets owned Our 2001 Annual Report  focuses on how we have served our customers over the decades. We are now entering our fourth decade of offering outstanding communication services to our customers. Following the message from the Chairman and President, we highlight how each business unit has served our customers over the past three decades and how we will continue to serve them for decades to come. Each business unit will present three employees that have helped TDS to grow and become the successful company it is today. The strength of TDS comes from these and many outstanding employees who helped make TDS a vibrant, dynamic organization that in turn creates value for our shareholders. 1 www.teldta.com Telephone and Data Systems, Inc. [AMEX: TDS] is a diversified telecommunications company with wireless telephone and telephone operations. At December 31, 2001, TDS provided high-quality telecommunications services to 4.3 million customer units in 34 states. TDS’s business strategy is to expand its existing operations  through internal growth and acquisitions and to explore and develop other telecommunications businesses that management believes utilize TDS’s expertise in providing customer focused telecommunications services. Telephone and Data Systems, Inc. U.S. Cellular  Corporation [AMEX: USM] is TDS’s  82.2%-owned wireless telephone subsidiary. U.S. Cellular and TDS own interests in 176 cellular markets and own or have the right to acquire interest in 28 Personal Communication Services (“PCS”) markets. The cellular and PCS interests represent 27.4 million and 3.6 million population equivalents, respectively. U.S. Cellular’s 142  majority-owned and managed markets have 3,461,000 cellular telephones in service. (“TDS Telecom”) is TDS’s wholly- owned telephone subsidiary.  TDS Telecom operates in 29 states  with 109 telephone companies, which serve 650,700 access  lines, and two competitive local exchange carriers, which serve 197,200 access lines. TDS Telecommunications Corporation