Hi,

Providian and Washington Mutual entered into a Cash/Stock
merger on 10/5/05. Here were the transactions our club had
on our broker statement:

1. "Sell" Providian, 75 shares @ $2 = $150 cash into our
account, no commission was charged.

2. "Received" Washington Mutual, 30 shares. No cash was
received or disbursed for this transaction, however
"$2/share" is noted in the transaction description.

3. "Reorg-cash/stock merger" = $20 cash out of our account
to our broker (a fee)

4. "Dividend" Providian = $1.52, recognized on my statement
at 10/13/05, not acknowledged on my 1099 at all.

I guess I've never been through a merger before, so I don't
understand how to record it. Can someone please help?

Thanks,
Devon