2. Ruffin Beckwith Executive Director, GOLF 20/20

3. Last Five Years Vehicle for CommunicationVehicle for Communication Catalyst for CollaborationCatalyst for Collaboration Program IncubationProgram Incubation

6. Facility Development Regulation Courses (18-hole Equivalents) YearNo. of Courses%IncreaseOpenings 200013,0322.7%365 200113,2882.0%260 200213,4461.2%199 200313,5510.8%154 2004 (proj.)13,6821.0%156

7. Facility Development Short Courses (Executive and Par Three) YearNo. of Courses% IncreaseOpenings 200012351.6%33 200112612.1%24 200212781.3%21 20031275-0.2%17 2004 (proj.)12760.1%8

8. Interest: Ratings Television Ratings: Comparison of Sports (Network Only) Sport19962003%+/- Baseball7.27.4+3% NASCAR5.25.3+2% PGA TOUR3.02.9-3% All Golf2.62.3-11% College Basketball3.83.3-13% NFL13.711.8-14% Hockey2.61.8-31% NBA7.74.2-45%

9. Interest: Fans Percentage of Americans Who Claim to be Fans of Professional Golf 199634.6% 200340.4%

10. Interest: Fans Change in percentage of those surveyed claiming to be fans, between 1996 and 2003: Pro Golf+16.8%Tennis-6.4% NASCAR+8.7%Boxing-9.6% NFL-4.8%College Basketball-11.4% College Football-5.8%NHL-16.1% Baseball-6.4%NBA-16.3%

11. Rounds Played 2001518.1 million 2002502.4 million 2003494.4 million 2004501.3 million * *If no change in 4 th quarter

12. Participation Number of participants (in 000’s) 2000200120022003 Total36,000 37,10036,70037,900 Girls (18+)25,400 25,80026,20027,400 Juniors (5-17)4,0004,4006,1005,500 Alt. Participants6,6006,9004,4005,000

13. Participation Golfer Segments (In 000’s) YearOccasional (17)Core (8-24)Avid (25+) 200010,9617,3996,276 200114,1905,6765,934 200213,6246,8125,764 200314,1847,0836,133