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Schedule F of AppliGalt; SEe Pile N1I1llbcr: Form ADV Continuation Sheet for Form ADV Part II atterson Capital Management LP 801.46437 Date: 12/30/04 (Do not _Ibis Sc:bodule u a CODtiDaatioo Ibeet for Form ADV Pan I or my odior .modulCll.) I. fun _ ofappUllalIt oxactIy u ItatDd in Item IA of Pan I ofPona A'f1V: F'8lIer8on C8pIlBI MIIl8g1l11111n1 LP Item ofF_ (idEtify) I IRS ~;..Ifea1 No.: 17427lJ~"915 ADaww tern 1 ServIces and Fees Patterson Capital Management, L.P. rPatlerson. or the -Registranr) provides investment advisory and investment consulting services in short and intennediate range fixed income securities to institutional clients. The Registrant's clients Include public funds (including cities, authorities, public cooperatives and school districts), banks, corporations and registered investment companies. Patterson provides both discretionary and non-discretlonary fund management services. These services are provided in accordance with clients' liquidity, safety needs and investment policies and objectives. Patterson also provides consulting services, which includes, among other things, the provision of advice on Investment altematives, banking and cash managemenL In addition, Patterson provides advice to clients on the creation of policies and procedures, Intemal controls reviews and advice related to the use of flex repurchase agreements by clients. A flex repo is a term arrangement between a registered dealer and a municipality or similar authority, in which the customer buys securities from the dealer and may sell some of them back prior to the final maturity date of such securities. The funds invested In a flex repo often are intended for use in financing construction or similar projects to be completed in phases. When funds are needed for a given phase of a project, the customer sells the required amount of securities back to the dealer. Flex repos are usually collateralized by govemrnent Issued or backed securities. Patterson generatly will provide advice to a client and an intermediary broker/dealer who will execute the flex repo transaction. In this capacity, Patterson will, among other things, provide advice to the client and Intermediary broker/dealer on the paperwork related to the flex repo, assist in the determination of acceptable parameters, recommend flex repo providers, provide advice in the preparation of a bid sheet and monitor underlying collateral. For these advisory services, Patterson generally will receive a fee from the client and intermediary broker/dealer that does not exceed 0.05% of the value of the flex repo. Patterson will never have custody of clients' securities or funds In flex rape arrangements. C..plete __ded p." m ftdI, drdc _ended au.. an. ftIe wltb ex_Ilea "Ie <Pale 1).