AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

CARLSON CAPITAL L P's Holding History (CIK: 0001056973)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 276,547 Value ($000) $24,391 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 544,139 Value ($000) $49,990 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 273,055 Value ($000) $24,496 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 180,589 Value ($000) $15,300 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 205,838 Value ($000) $16,541 Avg Close $63.87 Range $51.20 - $67.86

Q4 2013

Shares 651,344 Value ($000) $52,628 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 332,280 Value ($000) $24,050 Avg Close $48.32 Range $45.84 - $50.27

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	276,547	$24,391	$74.09	$70.80 - $78.37
Q2 2016	544,139	$49,990	$71.77	$68.45 - $75.00
Q1 2016	273,055	$24,496	$67.69	$61.81 - $73.03
Q4 2015	180,589	$15,300	$69.13	$63.10 - $72.67
Q3 2015	205,838	$16,541	$63.87	$51.20 - $67.86
Q4 2013	651,344	$52,628	$51.46	$46.89 - $56.22
Q3 2013	332,280	$24,050	$48.32	$45.84 - $50.27