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MILBANK WINTHROP & CO INC
> NSC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | NORFOLK SOUTHERN CORP | NSC | 57,020 | 3,120 | 3,479,000 | -560,000 | $61.01 |
| 06/30/2011 | NORFOLK SOUTHERN CORP | NSC | 53,900 | 400 | 4,039,000 | 333,000 | $74.94 |
| 03/31/2011 | NORFOLK SOUTHERN CORP | NSC | 53,500 | 20,500 | 3,706,000 | 1,633,000 | $69.27 |
| 12/31/2010 | NORFOLK SOUTHERN CORP | NSC | 33,000 | 7,200 | 2,073,000 | 538,000 | $62.82 |
| 09/30/2010 | NORFOLK SOUTHERN CORP | NSC | 25,800 | -1,400 | 1,535,000 | 92,000 | $59.50 |
| 06/30/2010 | NORFOLK SOUTHERN CORP | NSC | 27,200 | 13,200 | 1,443,000 | 661,000 | $53.05 |
| 03/31/2010 | NORFOLK SOUTHERN CORP | NSC | 14,000 | 0 | 782,000 | 48,000 | $55.86 |
| 01/31/2010 | NORFOLK SOUTHERN CORP | NSC | 14,000 | 700 | 734,000 | 161,000 | $52.43 |
| 09/30/2009 | NORFOLK SOUTHERN CORP | NSC | 13,300 | -100 | 573,000 | 121,000 | $43.08 |
| 06/30/2009 | NORFOLK SOUTHERN CORP | NSC | 13,400 | 0 | 505,000 | 53,000 | $37.69 |
| 03/31/2009 | NORFOLK SOUTHERN CORP | NSC | 13,400 | 900 | 452,000 | -136,000 | $33.73 |
| 12/31/2008 | NORFOLK SOUTHERN CORP | NSC | 12,500 | 12,500 | 588,000 | 588,000 | $47.04 |
| 09/30/2008 | NORFOLK SOUTHERN CORP | NSC | 12,000 | 0 | 795,000 | 43,000 | $66.25 |
| 06/30/2008 | NORFOLK SOUTHERN CORP | NSC | 12,000 | -2,500 | 752,000 | -36,000 | $62.67 |
| 03/31/2008 | NORFOLK SOUTHERN CORP | NSC | 14,500 | -500 | 788,000 | 31,000 | $54.34 |
| 12/31/2007 | NORFOLK SOUTHERN CORP | NSC | 15,000 | 15,000 | 757,000 | 757,000 | $50.47 |
| 06/30/2000 | NORFOLK SOUTHERN CORP | NSC | 0 | -21,778 | 0 | -533,561 | |
| 12/31/1999 | NORFOLK SOUTHERN CORP | NSC | 0 | -21,778 | 0 | -533,561 | |
| 09/30/1999 | NORFOLK SOUTHERN CORP | NSC | 21,778 | -1,500 | 533,561 | -167,689 | $24.50 |
| 06/30/1999 | NORFOLK SOUTHERN CORP | NSC | 23,278 | -525 | 701,250 | 73,250 | $30.13 |
| 03/31/1999 | NORFOLK SOUTHERN CORP | NSC | 23,803 | 23,803 | 628,000 | 628,000 | $26.38 |
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