[
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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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[
]
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TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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A. |
Full
title of the plan and address of the plan if different from that
of the
issuer named below:
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B.
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Name
of issuer of the securities held pursuant to the plan and the address
of
its principal executive
office:
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Comair
Savings and Investment Plan
Financial
Statements as of December 31, 2005 and 2004, and for the Year Ended
December 31, 2005, Supplemental Schedules as of and for the Year
Ended December 31, 2005, and Report of Independent Registered Public
Accounting Firm
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Page
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REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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1
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FINANCIAL
STATEMENTS:
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Statements
of Net Assets Available for Benefits as of December 31, 2005 and
2004
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2
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Statement
of Changes in Net Assets Available for Benefits for the Year Ended
December 31, 2005
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3
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Notes
to Financial Statements
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4-7
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SUPPLEMENTAL
SCHEDULES:
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8
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Form
5500, Schedule H, Part IV, Line 4i—Schedule of Assets (Held at End of
Year) as of December 31, 2005
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9
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Form 5500,
Schedule H, Part IV, Question 4a—Delinquent Participant
Contributions for the Year Ended December 31, 2005
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10
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NOTE: |
All
other schedules required by Section 2520.103-10 of the Department
of
Labor’s Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974 have been omitted
because
they are not applicable.
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SIGNATURE
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11
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EXHIBIT
INDEX
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Exhibit
23 - Consent of Independent Registered Public Accounting
Firm
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12
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COMAIR
SAVINGS AND INVESTMENT PLAN
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|||||||
STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS
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|||||||
AS
OF DECEMBER 31, 2005 AND 2004
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|||||||
2005
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2004
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||||||
ASSETS:
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|||||||
Participant-directed
investments
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$
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204,373,159
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$
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175,078,413
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|||
Receivables:
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|||||||
Employer
contributions
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11,505,631
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10,376,930
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|||||
Pending
investment transactions
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98,138
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849,953
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|||||
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|||||||
Total
receivables
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11,603,769
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11,226,883
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|||||
Total
assets
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215,976,928
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186,305,296
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|||||
LIABILITIES:
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|||||||
Payables
for securities purchased
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(98,754
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)
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(850,276
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)
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|||
NET
ASSETS AVAILABLE FOR BENEFITS
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$
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215,878,174
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$
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185,455,020
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COMAIR
SAVINGS AND INVESTMENT PLAN
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||||
STATEMENT
OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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||||
FOR
THE YEAR ENDED DECEMBER 31, 2005
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||||
ADDITIONS:
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||||
Investment
income:
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||||
Net
appreciation in fair value of investments
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$
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2,329,056
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Interest
income
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357,210
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|||
Dividend
income
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3,534,306
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|||
Contributions:
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||||
Participant
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17,504,192
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|||
Employer—net
of forfeitures
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15,987,099
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|||
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||||
Total
additions
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39,711,863
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|||
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||||
DEDUCTIONS:
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||||
Distributions
to participants
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(9,288,709
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)
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||
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||||
INCREASE
IN NET ASSETS
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30,423,154
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||||
NET
ASSETS AVAILABLE FOR BENEFITS:
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||||
Beginning
of year
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185,455,020
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|||
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||||
End
of year
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$
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215,878,174
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||
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||||
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||||
See
notes to financial statements.
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1.
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PLAN
DESCRIPTION
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2.
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SUMMARY
OF SIGNIFICANT ACCOUNTING
POLICIES
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3.
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INVESTMENTS
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2005
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2004
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||||||
Capital
Preservation Fund, 56,332,916 and 46,750,934 shares, respectively
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$
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56,332,916
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$
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46,748,934
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|||
Janus
Overseas Fund, 473,800 and 527,933 shares, respectively
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15,081,061
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12,807,655
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|||||
Franklin
Small Cap Growth Fund, 516,743 and 480,511 shares,
respectively
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19,491,541
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16,414,243
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|||||
Dreyfus
Laurel Funds S&P 500 Stock Index Fund, 924,335
and 843,419 shares, respectively
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23,949,527
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21,203,561
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|||||
Dreyfus
Appreciation Fund, 528,625 and 508,015 shares,
respectively
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21,012,857
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19,655,118
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|||||
Dreyfus
Premier New Leaders Fund, 279,859 and 480,511 shares,
respectively
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13,158,992
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12,849,092
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|||||
Lord
Abbett Mid-Cap Value Fund, 614,237 and 367,943 shares,
respectively
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13,765,051
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*
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|||||
*
Less than 5% of the Plan's net assets
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Common
stock of Delta Air Lines, Inc.
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$
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(8,317,857
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)
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Mutual
funds
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10,646,913
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|||
Net
appreciation of investments
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$
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2,329,056
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4.
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EXEMPT
PARTY-IN-INTEREST
TRANSACTIONS
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5.
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PLAN
TERMINATION
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6.
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FEDERAL
INCOME TAX STATUS
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7.
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NONEXEMPT
PARTY-IN-INTEREST
TRANSACTION
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COMAIR
SAVINGS AND INVESTMENT PLAN
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|||||||
FORM
5500, SCHEDULE H, PART IV, LINE 4i—
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|||||||
SCHEDULE
OF ASSETS (HELD AT END OF YEAR)
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|||||||
AS
OF DECEMBER 31, 2005
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|||||||
Identity
of Issuer, Borrower,
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Description
of Investment Including Maturity Date,
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Current
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|||||
Lessor,
or Similar Party
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Rate
of Interest, Collateral, Par, or Maturity Value
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Value
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|||||
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COMMON/COLLECTIVE
TRUST
FUND:
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||||||
LaSalle
National Trust, N.A.
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Capital
Preservation Fund
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$
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56,332,916
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||||
LaSalle
National Trust, N.A.
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TBC
Pooled Employee Funds—daily liquidity
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6,720
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|||||
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Total
common/collective trust fund
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56,339,636
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|||||
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MUTUAL
FUNDS:
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||||||
*Dreyfus
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Dreyfus
Laurel Funds S&P 500 Stock Index Fund
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23,949,527
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|||||
*Dreyfus
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Dreyfus
Appreciation Fund
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21,012,857
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*Dreyfus
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Dreyfus
Premier New Leaders Fund
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13,158,992
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|||||
*Dreyfus
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Dreyfus
Short-Intermediate Government Fund
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1,148,216
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*Dreyfus
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Dreyfus
Premier Balanced Fund
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1,016,058
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|||||
Franklin
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Franklin
Small Cap Growth Fund
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19,491,541
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|||||
Harris
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Oakmark
Balanced Fund
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10,776,791
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Harris
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Oakmark
International Fund
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5,672,263
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|||||
Janus
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Janus
Overseas Fund
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15,081,061
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|||||
Loomis
Sayles
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Loomis
Sayles Small Cap Value Fund
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7,801,546
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|||||
Lord
Abbet
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Lord
Abbett Mid-Cap Value Fund
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13,765,051
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|||||
PIMCO
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PIMCO
Total Return Fund
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6,847,301
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|||||
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Total
mutual funds
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139,721,204
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|||||
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COMMON
STOCK, Corporate—
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||||||
*Delta
Air Lines, Inc.
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Delta
Air Lines, Inc. common stock
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805,298
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|||||
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PARTICIPANT
LOANS—
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||||||
*Participant
loans
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Interest
at 5% to 10.5%, maturing January 2006 to January 2021
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7,507,021
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|||||
$
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204,373,159
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||||||
*Party-in-interest
transaction.
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FORM
5500, SCHEDULE H, PART IV, QUESTION 4a—
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||||
DELINQUENT
PARTICIPANT CONTRIBUTIONS
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||||
FOR
THE YEAR ENDED DECEMBER 31, 2005
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Question
4a "Did the employer fail to transmit to the plan any participant
contributions within the time period described in
29 CFR 2510.3-102," was answered
"yes."
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Identity
of Party
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Relationship
to Plan, Employer,
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|||
Involved
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or
Other Party-in-Interest
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Description
of Transactions
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Amount
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Comair
Holdings, LLC
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Employer/Plan
Sponsor
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Participant
contributions for employees were not funded within the
time period prescribed by D.O.L. Regulation 2510.3-102.
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$
25,919
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The
January 2005 participant contribution was deposited on March
12 and March 14, 2005. The April 2005 participant contribution
was deposited on June 6, 2005.
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COMAIR
SAVINGS AND INVESTMENT PLAN
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/s/
Dan
Dixon
By: Dan
Dixon
Member,
Administrative Committee, Comair Savings and Investment Plan
and
Chief Financial Officer and Treasurer, Comair Holdings,
LLC
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