Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. as of March 31, 2013

Portfolio Holdings for Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. holds 0 positions in its portfolio as reported in the March 2013 quarterly 13F filing

                March 31, 2013


                                                      FORM 13F INFORMATION TABLE

                                                                                               Voting Authority
                                                                                               ----------------
                                Title
                                 of                Value    Shares/    Sh/ Put/  Investment  Other
      Name of Issuer            Class    CUSIP    (x$1000)  Prn Amt    Prn Call  Discretion  Managers Sole    Shared    None
      --------------            -----    -----    -------- -------    --- ----  ----------- -------- ----    ------    ----
{S}                                     {C}       {C}       {C}        {C}       {C}                  {C}      {C}       {C}
Clear Channel Outdoor
    Holdings                   CL A     18451C109     1,873    243,176  SH       DEFINED     1, 2                          243,176
General Motors Company  W EXP 7/10/2019 37045V126     24,546 2,081,893  SH       DEFINED     1, 2     N/A     N/A          N/A
Franklin Resources Inc.        COM      354613101    122,458   812,001  SH       DEFINED     1, 2             812,001
PPG Industries Inc.            COM      693506107     77,309   577,195  SH       DEFINED     1, 2             577,195
USEC Inc.                      COM      90333E108        881 2,319,209  SH       DEFINED     1, 2                        2,319,209






REPORT SUMMARY         5    DATA RECORDS     $227,067        ALL OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED - 2