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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:

American Axle & Manufacturing Holdings Inc.: Demos, David J., officer, exercised an option for 57,529 shares of common between $4.26 and $15.32 each on May 19. He sold 57,529 shares of common at $23.27 each on May 19 and now directly and indirectly holds 4,233.

Bank of America Corp.: Lewis, Kenneth D., chief executive officer, exercised an option for 57,144 shares of common at $26.81 each on May 15. He sold 57,144 shares of common between $74.20 and $74.38 each on May 15 and now directly and indirectly holds 247,008.

Community Bank System Inc.: Wears, James A., officer, exercised an option for 1,948 shares of common at $23.13 each on May 14. He sold 2,167 shares of common between $36.75 and $37.60 each May 14 and 15, and now directly and indirectly holds 38,687.

Electronic Data Systems Corp.: Jordan, Michael H., chief executive officer, purchased 25,000 shares of common between $18.50 and $18.54 each on May 15 and now directly and indirectly holds 175,000.

FleetBoston Financial Corp.: Finucane, Anne M., officer, sold 1,000 shares of common at $28.18 each on May 20 and now directly and indirectly holds 36,532.

Gannett Co. Inc.: Chapple, Thomas L., general counsel, exercised an option for 5,000 shares of common at $32 each on May. 13. He sold 5,000 shares of common at $76.43 each on May 13 and now directly and indirectly holds 6,728.

National Fuel Gas Co.: DeForest, Walter E., officer, exercised an option for 2,000 shares of common at $18.41 each on May 16. Kennedy, Bernard J., director, exercised an option for 25,000 shares of common at $15.75 each on May 16. Tanski, Ronald J., officer, exercised an option for 8,652 shares of common at $15.75 each on May 13.

Northrop Grumman Corp.: Slaughter, John Brooks, director, exercised an option for 1,500 shares of common between $51.25 and $71 each on May 15.

Sovran Self Storage Inc.: Myszka, Kenneth F., president, exercised an option for 10,000 shares of common at $23 each between May 13 and May 19. Myszka sold 10,000 shares of common between $29.99 and $30.14 each between May 13 and May 19, and now directly and indirectly holds 176,133. Lannon, Charles E., director, exercised an option for 10,000 shares of common at $23 each between May 13 and May 19. Lannon sold 10,000 shares of common between $29.99 and $30.14 each between May 13 and May 19, and now directly and indirectly holds 136,540. Attea, Robert J., chief executive officer, exercised an option for 10,000 shares of common at $23 each between May 13 and May 19. Attea sold 10,000 shares of common between $29.99 and $30.14 each between May 13 and May 19, and now directly and indirectly holds 177,570.

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

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