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INSIDER TRADING

Here are this week's reports of trading in the stocks of local companies or in companies that have significant local operations by directors and executives of those companies:

Community Bank System Inc.: Paul M. Cantwell, director, sold 2,500 shares of common between $26.50 and $26.60 each from Aug. 2 to Aug. 6, and now directly and indirectly holds 74,107.

Cooper Cameron Corp.: Dalton L. Thomas, officer, exercised an option for 2,912 shares of common at $34.34 each on Aug. 24, and now directly and indirectly holds 22,424.

Dow Chemical Co.: Jacqueline K. Barton, director, purchased 1,500 shares of common at $34.61 each on Aug. 17 and now directly and indirectly holds 7,500.

General Mills Inc.: Robert L. Stretmater, vice president, exercised an option for 19,446 shares of common at $26.25 each on Aug. 24; to cover expenses of the transaction, Stretmater turned in 11,365 of them and now directly and indirectly holds 114,238. Stephen R. Demeritt, officer, exercised an option for 48,614 shares of common at $26.85 each on Aug. 22; to cover expenses of the transaction, Demeritt turned in 48,120 of them and now directly and indirectly holds 161,177.

Ingram Micro Inc.: David M. Finley, officer, purchased 21,000 shares of class A common at an unreported price on Aug. 15 and now directly holds 46,128.

M&T Bank Corp.: Michael R. Spychala, officer, exercised an option for 750 shares of common at $13.95 each on Aug. 27 and now directly and indirectly holds 9,959. Ray E. Logan, officer of subsidiary company, exercised an option for 15,270 shares of common at $21.10 each on Aug. 1, and sold 11,124 shares at $80.31 each on Aug. 1; to cover expenses of the transaction, Logan turned in 4,158 of them and now directly and indirectly holds 19,553.

National Fuel Gas Co.: David F. Smith, officer of subsidiary company, exercised an option for 939 shares of common at $23.88 each on Aug. 20 and now directly and indirectly holds 30,547. James A. Beck, officer of subsidiary company, exercised an option for 4,572 shares of common between $27.94 and $31.63 each on Aug. 21; to cover expenses of the transaction, Beck turned in 2,962 of them and now directly and indirectly holds 14,570.

Prepared by First Call/Thomson Financial of Boston, Mass., from Securities and Exchange Commission filings.

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