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EULAV ASSET MANAGEMENT, LLC
> CNI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 123,400 | 0 | 8,216,000 | -1,644,000 | $66.58 |
| 06/30/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 123,400 | 6,400 | 9,860,000 | 1,053,000 | $79.90 |
| 03/31/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 117,000 | 0 | 8,807,000 | 1,030,000 | $75.27 |
| 12/31/2010 | CANADIAN NATIONAL RAILWAY CO | CNI | 117,000 | 117,000 | 7,777,000 | 7,777,000 | $66.47 |
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