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 <p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><a name="scotch"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">As filed with the Securities and Exchange Commission on September 7, 2007</font></b></a></p> <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p align="right" style="border:none;margin:0pt 0pt 12.0pt;padding:0pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p> </div>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE
COMMISSION</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C.&#160; 20549</font></b></p>

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<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM S-8</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">REGISTRATION STATEMENT</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">UNDER</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">THE
SECURITIES ACT OF 1933</font></b></p>

<div style="line-height:normal;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">AON CORPORATION</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact Name of Registrant as Specified in its Charter)</font></p>

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<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Delaware</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">36-3051915</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or Other
  Jurisdiction of<br>
  Incorporation or Organization)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer
  Identification No.)</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">200
  East Randolph Street</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">60601</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Chicago,
  Illinois</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of
  Principal Executive Offices)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Employment
Agreement between Aon Corporation and Gregory C. Case</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Full Title of the Plan)</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Jennifer
L. Kraft</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Vice
President, Associate General Counsel and Secretary</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Aon
Corporation</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Aon
Center</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">200 East Randolph Street</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chicago, Illinois</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(312)
381-1000</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name,
Address, and Telephone Number,</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Including Area Code, of
Agent For Service)</font></p>


 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>
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<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CALCULATION OF REGISTRATION FEE</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="41%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:41.16%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Title&nbsp;of&nbsp;securities&nbsp;to&nbsp;be<br>
  registered</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Amount&nbsp;to&nbsp;be<br>
  registered<br>
  (1)</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed&nbsp;<br>
  maximum<br>
  offering&nbsp;<br>
  price&nbsp;per<br>
  share</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:10.26%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed&nbsp;<br>
  maximum&nbsp;<br>
  aggregate&nbsp;<br>
  offering&nbsp;price</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Amount&nbsp;of&nbsp;<br>
  registration&nbsp;<br>
  fee</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="41%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:41.16%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.26%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="41%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.16%;">
  <p style="margin:0pt 0pt .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock,
  par value $1.00 per share</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">325,000 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.86 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.26%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7,429,500 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">228.09 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="41%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.16%;">
  <p style="margin:0pt 0pt .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">125,000 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43.19 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.26%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,398,750 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">165.74 </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7)</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="41%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.16%;">
  <p style="margin:0pt 0pt .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TOTAL</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">450,000</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.1%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">N/A</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.26%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12,828,250</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.1%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">393.83</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>This Registration Statement covers such
additional and indeterminate number of shares of common stock of Aon Corporation (the &#147;<u>Company</u>&#148;),
par value $1.00 per share (the &#147;<u>Common Stock</u>&#148;), as may become
issuable by reason of stock dividends, stock splits or similar transactions.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Represents 325,000
shares of Common Stock underlying the inducement stock option granted to
Gregory C. Case, President and Chief Executive Officer of the Company, pursuant
to the Employment Agreement
between the Company and Gregory C. Case (the &#147;<u>Case Employment Agreement</u>&#148;).</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Represents the exercise price per share of
the stock option granted to Gregory C. Case pursuant to the Case Employment Agreement.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Estimated solely for the purposes of
determining the amount of the registration fee, in accordance with Rule 457(h)
of the Securities Act of 1933, as amended (the &#147;<u>Securities Act</u>&#148;) on the
basis of the exercise price per share of the stock option granted to Gregory C.
Case.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Represents 125,000 shares of Common Stock
underlying the inducement restricted stock unit award granted pursuant to the Case
Employment Agreement.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Represents the average of the high and low
sales prices per share of Common Stock as reported by the New York Stock
Exchange on September 5, 2007.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Estimated solely for the purposes of
determining the amount of the registration fee, in accordance with Rule 457(h)
of the Securities Act on the basis of the average of the high and low sales
prices per share of Common Stock as reported by the New York Stock Exchange on
September 5, 2007.</p>

<br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Registrant has prepared this Registration Statement in accordance
with the requirements of Form S-8 under the Securities Act to register (i)
sales of up to 325,000 shares of Common Stock pursuant to the exercise of an
option issued pursuant to the Case Employment Agreement referred to above and
(ii) the resale of up to 125,000 shares of Common Stock that were issued or are
issuable pursuant to the inducement restricted stock unit award previously
granted to Gregory C. Case (the &#147;Selling Stockholder&#148;) upon his employment with
the Company pursuant to the Case Employment Agreement and (iii) such
indeterminate number of other shares of Common Stock as may be issued in
relation to such shares in transactions referred to in Rule 416 under the
Securities Act.&#160; Accordingly, this
Registration Statement also includes a reoffer prospectus that has been
prepared in accordance with the requirements of Part I of Form S-3 and,
pursuant to General Instruction C of Form S-8, may be used for reofferings and
resales on a continuous or delayed basis of the 125,000 shares of Common Stock
that are issuable pursuant to such restricted stock unit award and that are
held by the Selling Stockholder.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">

<p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REOFFER</font></b>  <b>PROSPECTUS</b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AON CORPORATION</font></b></p>

<div style="line-height:normal;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><hr size="1" width="100%" noshade color="black" align="center"></div>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">125,000 Shares</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Common Stock</font></b></p>

<div style="line-height:9.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><hr size="1" width="100%" noshade color="black" align="center"></div>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This prospectus is being used
in connection with the offering from time to time by Gregory C. Case (the &#147;Selling
Stockholder&#148;), or by his pledgees, donees, transferees or other successors in
interest, of shares of the common stock of Aon Corporation, par value $1.00 per
share (the &#147;Common Stock&#148;), acquired upon vesting of an inducement restricted
stock unit award.&#160; This award was made
pursuant to the terms of the Selling Stockholder&#146;s employment agreement with
Aon Corporation.&#160; We will not receive any
of the proceeds from any such offering.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The prices at which the
Selling Stockholder may sell the shares will be determined by the prevailing
market price for the shares at the time of sale or through negotiated
transactions with third parties.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The registration statement of
which this prospectus is a part permits the Selling Stockholder to sell the
shares from time to time in the public market.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Selling Stockholder may
sell Common Stock through ordinary broker transactions, directly to market
makers of our shares, directly to third parties, through underwriters in public
offerings, or through other means described in the section entitled &#147;Plan of
Distribution&#148; beginning on page 11.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Common Stock is traded on
the New York Stock Exchange under the symbol &#147;AOC&#148;.&#160; The last reported sale price for our Common
Stock on September 5, 2007 was $43.59 per share.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investing in
our Common Stock involves risks. See the section entitled &#147;Risk Factors&#148; beginning
on page 2.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Neither the Securities and
Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus is truthful or
complete.&#160; Any representation to the contrary
is a criminal offense.</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The date of this prospectus is
September 7, 2007.</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TABLE
OF CONTENTS</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="94%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:94.04%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="94%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:94.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Summary_054320" title="Click to goto ">SUMMARY</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Summary_054320" title="Click to goto ">1</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#OurCompany_054325" title="Click to goto ">OUR COMPANY</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#OurCompany_054325" title="Click to goto ">1</a></font></p>
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 <tr style="page-break-inside:avoid;">
  <td width="94%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:94.04%;">
  <p style="margin:0pt 0pt .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#InformationConcerningForwardlooki_054336" title="Click to goto ">INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS</a></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#InformationConcerningForwardlooki_054336" title="Click to goto ">1</a></font></p>
  </td>
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 <tr style="page-break-inside:avoid;">
  <td width="94%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:94.04%;">
  <p style="margin:0pt 0pt .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#WhereYouCanFindMoreInformation_054342" title="Click to goto ">WHERE YOU CAN FIND MORE INFORMATION</a></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#WhereYouCanFindMoreInformation_054342" title="Click to goto ">1</a></font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="94%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:94.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TheOffering_054523" title="Click to goto ">THE OFFERING</a></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TheOffering_054523" title="Click to goto ">2</a></font></p>
  </td>
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 <tr style="page-break-inside:avoid;">
  <td width="94%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:94.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#RiskFactors_054526" title="Click to goto ">RISK FACTORS</a></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#RiskFactors_054526" title="Click to goto ">2</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#UseOfProceeds_054629" title="Click to goto ">USE OF PROCEEDS</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#UseOfProceeds_054629" title="Click to goto ">11</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#SellingStockholder_054635" title="Click to goto ">SELLING STOCKHOLDER</a></font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#SellingStockholder_054635" title="Click to goto ">11</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#PlanOfDistribution_054642" title="Click to goto ">PLAN OF DISTRIBUTION</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#PlanOfDistribution_054642" title="Click to goto ">11</a></font></p>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#LegalMatters_054653" title="Click to goto ">LEGAL MATTERS</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#LegalMatters_054653">13</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Experts_054659" title="Click to goto ">EXPERTS</a></font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Experts_054659" title="Click to goto ">13</a></font></p>
  </td>
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<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<div style="line-height:normal;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">It is important for you to read and consider all
information contained in this prospectus in making your investment
decision.&#160; You should also read and
consider the information in &#147;Where You Can Find More Information&#148; below for
information on our company and our financial statements.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">You should rely only on the
information contained or incorporated by reference in this prospectus.&#160; No one has been authorized to provide you
with different information.&#160; If anyone
provides you with different or inconsistent information, you should not rely on
it.&#160; You should not assume that the
information in this prospectus or any document incorporated by reference is
accurate as of any date other than the date on the front of those documents.&#160; We are not making an offer of these
securities in any state where the offer is not permitted.</font></b></p>

<div style="line-height:9.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<h5 align="center" style="font-weight:normal;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUMMARY</font></b><a name="Summary_054320"></a></h5>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
Company</font><a name="OurCompany_054325"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aon Corporation (&#147;Aon&#148;
or the &#147;Company&#148;) serves its clients through three operating segments via its
various subsidiaries worldwide:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>Risk and Insurance Brokerage Services </b>acts as an advisor and
insurance broker, helping clients manage their risks, as well as negotiating
and placing insurance risk with insurance carriers through our global
distribution network.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>Consulting</b> provides advice and services to clients for
employee benefits, compensation, management consulting, communications, human
resource outsourcing, strategic human resource consulting, and financial
advisory and litigation consulting.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>Insurance Underwriting</b> provides specialty insurance
products, including accident, health and life insurance.&#160; We have ceased writing property and casualty
business and have placed our remaining lines of business into runoff.</p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our clients
include corporations and businesses, insurance companies, professional
organizations, independent agents and brokers, governments, and other
entities.&#160; We also serve individuals
through personal lines, affinity groups, and certain specialty operations.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Incorporated in
1979, Aon is the parent corporation of long-established and more recently
acquired companies.&#160; Aon has
approximately 43,000 employees and does business in more than 120 countries and
sovereignties. Our corporate headquarters are located at Aon Corporation, Aon
Center, 200 East Randolph Street, Chicago, Illinois 60601 and our telephone
number is <br>
(312)&nbsp;381-1000.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information
Concerning Forward-Looking Statements</font><a name="InformationConcerningForwardlooki_054336"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This report contains certain statements related to
future results, or states our intentions, beliefs and expectations or
predictions for the future which are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from either historical or
anticipated results depending on a variety of factors. Potential factors that
could impact results include: general economic conditions in different
countries in which we do business around the world, changes in global equity
and fixed income markets that could affect the return on invested assets,
fluctuations in exchange and interest rates that could influence revenue and
expense, rating agency actions that could affect our ability to borrow funds,
funding of our various pension plans, changes in the competitive environment,
our ability to implement restructuring initiatives and other initiatives
intended to yield cost savings, our ability to execute the stock repurchase
program, our ability to successfully execute strategic options for our
subsidiary, Combined Insurance Company of America, and its subsidiaries, the
impact of current, pending and future regulatory and legislative actions that
affect our ability to market and sell, and be reimbursed at current levels for,
the Medicare Advantage health plans of our subsidiary, Sterling Life Insurance
Company, changes in commercial property and casualty markets and commercial
premium rates that could impact revenues, changes in revenues and earnings due
to the elimination of contingent commissions, other uncertainties surrounding a
new compensation model, the impact of investigations brought by state attorneys
general, state insurance regulators, federal prosecutors and federal
regulators, the impact of class actions and individual lawsuits including
client class actions, securities class actions, derivative actions and ERISA
class actions, the resolution of the review of stock option practices, the cost
of resolution of other contingent liabilities and loss contingencies, the
difference in ultimate paid claims in our underwriting companies from actuarial
estimates and other factors disclosed under &#147;Risk Factors&#148; beginning on page 2.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Where
You Can Find More Information</font><a name="WhereYouCanFindMoreInformation_054342"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We file annual, quarterly and special reports, proxy
statements and other information with the Securities Exchange Commission (the &#147;<u>SEC</u>&#148;).&#160; Our SEC filings are available to the public
over the internet at the SEC&#146;s web site at </font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">http://www.sec.gov or at our web site at
http://www.aon.com.&#160; You may also read
and copy any document we file with the SEC at its public reference facility at
100 F Street, N.E., Washington,&nbsp;D.C. 20549.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You may also obtain copies of this information at
prescribed rates by writing to the Public Reference Section of the SEC at 100 F
Street, N.E., Washington,&nbsp;D.C. 20549.&#160;
Please call the SEC at 1-800-SEC-0330 for further information on the
operation of the public reference facility.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our SEC filings are available at the office of the New
York Stock Exchange.&#160; For further
information on obtaining copies of our public filings at the New York Stock
Exchange, you should call (212)&nbsp;656-3000.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have filed a registration statement under the
Securities Act with the SEC with respect to the shares to be sold
hereunder.&#160; This prospectus has been
filed as part of the registration statement.&#160;
This prospectus does not contain all of the information set forth in the
registration statement because certain parts of the registration statement are
omitted in accordance with the rules and regulations of the SEC.&#160; The registration statement is available for
inspection and copying as set forth above.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
will provide to each person, including any beneficial owner, to whom a
prospectus is delivered, a copy of any or all of the information that has been
incorporated by reference in the prospectus but not delivered with the
prospectus.&#160; Upon written or oral request
to the Company at the following address and telephone number, copies will be
provided at no cost to the requester:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.9%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="62%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:62.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aon Corporation</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:62.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aon Center</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:62.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">200 East Randolph Street</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:62.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chicago, Illinois</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.08%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:62.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Office of the Secretary</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:62.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Telephone: (312) 381-1000</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE OFFERING</font><a name="TheOffering_054523"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This prospectus relates to certain shares of Common
Stock acquired upon the vesting of an inducement restricted stock unit award to
the Selling Stockholder without payment therefor. This prospectus may also be
used by the Selling Stockholder&#146;s donees, pledgees, transferees or other
successors in interest.</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">RISK FACTORS</font><a name="RiskFactors_054526"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following are risks related to our business and
the insurance industry.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our results may fluctuate due to many factors,
including cyclical or permanent changes in the insurance and reinsurance
industries.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our results historically have been subject to
significant fluctuations arising from uncertainties and changes in the
insurance industry. Changes in premium rates affect not only the potential
profitability of our underwriting businesses but also generally affect the
commissions and fees payable to our brokerage businesses. In addition,
insurance industry developments that can significantly affect our financial
performance include factors such as:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">rising levels of actual costs that are not known by
companies at the time they price their products</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">volatile and unpredictable developments, including
weather-related and other natural and man-made catastrophes, including acts of
terrorism</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">changes in levels of capacity and demand, including
reinsurance capacity</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">changes in reserves resulting from the general claims
and legal environments as different types of claims arise and judicial
interpretations relating to the scope of insurers&#146; liabilities develop</font></p>


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<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">changes in business practices and business
compensation models.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our results may be adversely affected by changes in
the mode of compensation in the insurance industry.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Since the Attorney General of New York brought charges
against one of our competitors in October 2004, there has been a great deal of
uncertainty concerning then-longstanding methods of compensating insurance
brokers.&#160; Soon after the Attorney General
brought those charges, Aon and certain other large insurance brokers announced
that they would terminate contingent commission arrangements with
underwriters.&#160; Most insurance brokers,
however, currently continue to enter into such arrangements, regulators have
not taken action to end such arrangements throughout the industry, and thus it
is unclear at this time whether other brokers will continue to accept
contingent commissions.&#160; Because of this
uncertainty, there is no assurance that we will be able to compete successfully
against brokers who have not terminated contingent commission arrangements.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We face significant competitive pressures in each
of our businesses.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We believe that competition in our lines of business
is based on service, product features, price, commission structure, financial
strength, claims-paying ability ratings and name recognition. In particular, we
compete with a large number of national, regional and local insurance companies
and other financial services providers and brokers.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Some of our underwriting competitors have penetrated
more markets and offer a more extensive portfolio of products and services and
have more competitive pricing than we do, which can adversely affect our
ability to compete for business. Some underwriters also have higher
claims-paying ability ratings and greater financial resources with which to
compete and are subject to less government regulation than our underwriting
operations.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We encounter strong competition for both clients and
professional talent in our insurance brokerage and risk management services
operations from other insurance brokerage firms which also operate on a
nationwide or worldwide basis, from a large number of regional and local firms
throughout the world, from insurance and reinsurance companies that market and
service their insurance products without the assistance of brokers or agents
and from other businesses, including commercial and investment banks,
accounting firms and consultants that provide risk-related services and
products. Our consulting operations compete with independent consulting firms
and consulting organizations affiliated with accounting, information systems,
technology and financial services firms around the world.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, the increase in competition due to new
legislative or industry developments could adversely affect us. These
developments include:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">an increase in capital-raising by insurance
underwriting companies, which could result in new entrants to our markets and
an influx of capital into the industry;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the selling of insurance by insurance companies
directly to insureds;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">changes in our business compensation model as a result
of regulatory investigations;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the establishment of programs in which state-sponsored
entities provide property insurance in catastrophe prone areas or other
alternative markets types of coverage; and</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">additional regulations promulgated by the FSA in the
U.K., or other regulatory bodies in jurisdictions in which we operate.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New competition as a result of these developments
could cause the supply of, and demand for, our products and services to change,
which could adversely affect our results of operations and financial condition.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We may not realize all of the expected benefits
from our 2005 restructuring plan.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In third quarter 2005, we announced that we were
reviewing the revenue potential and cost structure of each of our businesses.&#160; As a result of this review, we have adopted
restructuring initiatives that are expected to result in the elimination of
approximately 3,600 employee positions, the closing of various offices, asset
impairments and other expenses necessary to implement these initiatives.&#160; We currently expect that the restructuring
plan will result in cumulative pretax charges of $365 million.&#160; The objective of the restructuring and other
business reorganization</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">initiatives is to improve our profitability through
operational efficiency.&#160; We anticipate
that our annualized savings will be approximately $280 million by 2008.&#160; We cannot assure that we will achieve the
targeted savings.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">A decline in the financial strength or
claims-paying ability ratings of our insurance underwriting subsidiaries may
increase policy cancellations and negatively impact new sales of insurance
products.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Financial strength and claims-paying ability ratings
have become increasingly important factors in establishing the competitive
position of insurance companies. These ratings are based upon criteria
established by the rating agencies for the purpose of rendering an opinion as
to an insurance company&#146;s financial strength, operating performance, strategic
position and ability to meet its obligations to policyholders. They are not
evaluations directed toward the protection of investors, nor are they
recommendations to buy, sell or hold specific securities. Periodically, the
rating agencies evaluate our insurance underwriting subsidiaries to confirm that
they continue to meet the criteria of the ratings previously assigned to them.
A downgrade, or the potential for a downgrade, of these ratings could, among
other things, increase the number of policy cancellations, adversely affect
relationships with brokers, retailers and other distributors of our products
and services, negatively impact new sales and adversely affect our ability to
compete.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Combined Insurance Company of America, the principal
insurance subsidiary that underwrites our specialty accident and health
insurance business, is currently rated &#147;A&#148; (excellent; third highest of 16
rating levels) by A.M. Best Company, &#147;A-&#148; (strong; third highest of nine rating
levels) for financial strength by S&amp;P and &#147;A3&#148; (good; third highest of nine
rating levels) for financial strength by Moody&#146;s Investors Service. We cannot
assure that one or more of the rating agencies will not downgrade or withdraw
their financial strength or claims-paying ability ratings in the future.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Changes in interest rates and investment prices
could reduce the value of our investment portfolio and adversely affect our
financial condition or results.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our insurance underwriting subsidiaries own a
substantial investment portfolio of fixed-maturity and equity and other
long-term investments. As of June 30, 2007, our fixed-maturity investments
(approximately 100% was investment grade) had a carrying value of $2.9 billion,
our equity investments had a carrying value of $39 million and our other
long-term investments and limited partnerships had a carrying value of $333
million. Funds held on behalf of clients, which were $3.5 billion at June 30,
2007, are held in short-term investments.&#160;
Changes in interest rates and investment prices could reduce the value
of our investment portfolio and adversely affect our financial condition or
results.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For example, changes in domestic and international
interest rates directly affect our income from, and the market value of,
fixed-maturity investments. Similarly, general economic conditions, stock
market conditions and other factors beyond our control affect the value of our
equity investments. We monitor our portfolio for other-than-temporary
impairments in carrying value. For securities judged to have an
other-than-temporary impairment, we recognize a realized loss through the
statement of income to write down the value of those securities.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2006, we recognized impairment losses of $2
million.&#160; We cannot assure that we will
not have to recognize additional impairment losses in the future, which would
negatively affect our financial results.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2001, our two major insurance companies sold the
vast majority of their limited partnership portfolio, valued at $450 million,
to Private Equity Partnership Structures I, LLC (&#147;PEPS I&#148;), a qualifying
special purpose entity.&#160; The common stock
interest in PEPS I is held by a limited liability company which is owned by one
of our subsidiaries (49%) and by a charitable trust, which is not controlled by
us, established for victims of the September 11, 2001 attacks (51%). Approximately
$171&nbsp;million of investment grade fixed-maturity securities were sold by
PEPS I to unaffiliated third parties. PEPS I then paid our insurance
underwriting companies the $171&nbsp;million in cash and issued to them an
additional $279 million in fixed-maturity and preferred stock securities. The
fixed-maturity securities our insurance underwriting companies received from
PEPS I are rated as investment grade by S&amp;P.</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As part of this transaction, Aon is required to
purchase from PEPS I additional fixed-maturity securities in an amount equal to
the unfunded limited partnership commitments, as they are requested.&#160; As of June 30, 2007, these unfunded
commitments amounted to $44 million.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although the PEPS I transaction has reduced the
reported earnings volatility historically associated with directly owning
limited partnership investments, it will not eliminate our risk of future
losses. For instance, we must analyze our preferred stock and fixed-maturity
interests in PEPS I for other-than-temporary impairment, based on the valuation
of the limited partnership interests held by PEPS I and recognize an impairment
loss if necessary. We cannot assure that we will not have to recognize
impairment losses with respect to our PEPS I interests in the future.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our net pension liabilities may grow, which could
adversely affect our stockholders&#146; equity, net income, cash flow and liquidity
and require us to make additional cash contributions to our pension plans.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the extent that the present value of the benefits
incurred to date for pension obligations in the major countries in which we
operate continue to exceed the market value of the assets supporting these
obligations, our financial position and results of operations may be adversely
affected.&#160; In certain previous years,
there have been declines in interest rates.&#160;&#160;&#160;
As a result of lower interest rates, the present value of plan
liabilities increased faster than the present value of plan assets, resulting
in significantly higher unfunded positions in several of our major pension
plans.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cash contributions of approximately $197 million will
be required in 2007 for our major pension plans, although we may elect to
contribute more.&#160; Total cash
contributions to these major defined benefit pension plans in 2006 were $185
million.&#160; We also contributed $166
million of non-cash financial instruments to certain of our U.K. plans.&#160; Our total contribution, $351 million, was a
decrease of $112 million from 2005.&#160;
Future estimates are based on certain assumptions, including discount rates,
interest rates, fair value of assets for some of our plans and expected return
on plan assets. We are currently taking actions to manage our pension
liabilities, including closing certain plans to new participants.&#160; In November 2006, we announced proposed
changes to our U.S. and U.K. defined benefit pension plans.&#160; Changes to the plans will not affect pension
plan benefits earned by participants prior to the effective date of the
changes.&#160; Effective January 1, 2007,
future benefits in the Company&#146;s U.S. defined benefit pension plan will be
calculated based on a &#147;career average pay&#148; formula instead of a &#147;final average
pay&#148; formula.&#160; For our U.K. defined
benefit pension plans, the Company is proposing, subject to trustee approval
and member consultation, to cease crediting future benefits relating to salary
and service.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to the critical assumptions described
above, all plans use certain assumptions about the life expectancy of plan
participants and surviving spouses.&#160;
Periodic revision of those assumptions can materially change the present
value of future benefits, and therefore the funded status of the plans and the
resulting periodic pension expense.&#160;
Changes in our pension benefit obligations and the related net periodic
costs or credits may occur in the future due to any variance of actual results
from our assumptions and changes in the number of participating employees. As a
result, there can be no assurance that we will not experience future decreases
in stockholders&#146; equity, net income, cash flow and liquidity or that we will
not be required to make additional cash contributions in the future beyond
those which have been estimated.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We are subject to a number of contingencies and
legal proceedings which, if determined unfavorably to us, would adversely
affect our financial results.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are subject to numerous claims, tax assessments,
lawsuits and proceedings that arise in the ordinary course of business.&#160; The damages claimed in these matters are or
may be substantial, including, in many instances, claims for punitive, treble
or extraordinary damages.&#160; It is possible
that, if the outcomes of these contingencies and legal proceedings were not
favorable to us, it could materially adversely affect our future financial
results.&#160; In addition, our results of
operations, financial condition or liquidity may be adversely affected if in
the future our insurance coverage proves to be inadequate or unavailable or
there is an increase in liabilities for which we self-insure.&#160; Aon has purchased errors and omissions (&#147;E&amp;O&#148;)
insurance and other appropriate insurance to provide protection against losses
that arise in such matters.&#160; Accruals for
these items, and related insurance receivables, when applicable, have been
provided to the extent that losses are deemed probable and are reasonably
estimable.&#160; These accruals and
receivables are adjusted from time to time as developments warrant.</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2004, Aon, other insurance brokers, insurers and
numerous other industry participants received subpoenas and other requests for
information from the office of the Attorney General of the State of New York
and from other states relating to certain practices in the insurance industry.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On March 4, 2005, Aon entered into an agreement (the &#147;Settlement
Agreement&#148;) with the Attorney General of the State of New York, the
Superintendent of Insurance of the State of New York, the Attorney General of
the State of Connecticut, the Illinois Attorney General and the Director of the
Division of Insurance, Illinois Department of Financial and Professional
Regulation (collectively, the &#147;State Agencies&#148;) to resolve all the issues
related to investigations conducted by the State Agencies.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As has been described in detail in Aon&#146;s previous
financial filings, the Settlement Agreement required Aon to pay between
2005-2007 a total of $190 million into a fund (the &#147;Fund&#148;) to be distributed to
certain Eligible Policyholder clients and to implement certain business
reforms.&#160; The Settlement Agreement set
forth the procedures under which Aon mailed notices to its Eligible
Policyholder clients and distributed the Fund to Participating Policyholder
clients.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Purported clients have also filed civil litigation
against Aon and other companies under a variety of laws and legal theories
relating to broker compensation practices and other issues under investigation
by New York and other states.&#160; As
previously reported, a putative class action styled <i>Daniel v.
Aon (Affinity)</i> has been pending in the Circuit Court of Cook County,
Illinois since August 1999.&#160; In March
2005, the Court gave preliminary approval to a nationwide class action
settlement under which Aon agreed to pay a total of $38&nbsp;million to its
policyholders.&#160; The Court granted final
approval to the settlement in March 2006.&#160;
Parties that objected to the settlement have appealed.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Beginning in June 2004, a number of other putative
class actions were filed against Aon and other companies by purported classes
of clients under a variety of legal theories, including state tort, contract,
fiduciary duty, antitrust and statutory theories and federal antitrust and
Racketeer Influenced and Corrupt Organizations Act (&#147;RICO&#148;) theories.&#160; These actions are currently pending in state
court in California and in federal court in New Jersey.&#160; In the New Jersey federal class actions, the
Court on April 5, 2007 dismissed, without prejudice, the plaintiffs&#146; federal
antitrust and RICO claims.&#160; The Court
granted plaintiffs one opportunity to replead their claims, and Aon and other
defendants have moved to dismiss the new complaints.&#160; Aon believes it has meritorious defenses in
all of these cases and intends to vigorously defend itself against these
claims.&#160; The outcome of these lawsuits,
and any losses or other payments that may occur as a result, cannot be
predicted at this time.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Beginning in late October 2004, several putative
securities class actions were filed against Aon in the U.S. District Court for
the Northern District of Illinois.&#160; Also
beginning in late October 2004, several putative ERISA class actions were filed
against Aon in the U.S. District Court for the Northern District of
Illinois.&#160; Aon believes it has
meritorious defenses in all of these cases and intends to vigorously defend
itself against these claims.&#160; The outcome
of these lawsuits, and any losses or other payments that may occur as a result,
cannot be predicted at this time.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to the various securities and ERISA class
actions, we are unable to estimate a range of possible losses, as these actions
have not yet progressed to the stages where damages can be estimated.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although the ultimate outcome of all matters referred
to above cannot be ascertained, and liabilities in indeterminate amounts may be
imposed on Aon or its subsidiaries, on the basis of present information,
amounts already provided, availability of insurance coverages and legal advice
received, it is the opinion of management that the disposition or ultimate
determination of such claims will not have a material adverse effect on the
consolidated financial position of Aon.&#160;
However, it is possible that future results of operations or cash flows
for any particular quarterly or annual period could be materially affected by
an unfavorable resolution of these matters.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We are subject to increasing costs arising from
E&amp;O claims against us.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In our insurance brokerage and consulting businesses,
we often assist our clients with matters which include the placement of
insurance coverage or employee benefit plans and the handling of related
claims. E&amp;O claims against us may allege our potential liability for all or
part of the amounts in question. E&amp;O claims could include, for example, the
failure of our employees or sub-agents, whether negligently or intentionally,
to place coverage correctly or notify carriers of claims on behalf of clients
or to provide insurance carriers with complete and accurate </font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">information relating to the risks being insured. It is
not always possible to prevent and detect errors and omissions, and the
precautions we take may not be effective in all cases. In addition, E&amp;O
claims may harm our reputation or divert management resources away from
operating our business.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our success depends, in part, on our ability to
attract and retain experienced and qualified personnel.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our future success depends on our ability to attract
and retain experienced personnel, including underwriters, brokers and other
professional personnel. Competition for such experienced professional personnel
is intense. If we cannot hire and retain talented personnel, our business,
operating results and financial condition could be adversely affected.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our businesses are subject to extensive
governmental regulation which could reduce our profitability or limit our
growth.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our businesses are subject to extensive federal, state
and foreign governmental regulation and supervision, which could reduce our
profitability or limit our growth by increasing the costs of regulatory
compliance, limiting or restricting the products or services we sell or the
methods by which we sell our products and services or subjecting our businesses
to the possibility of regulatory actions or proceedings. With respect to our
insurance brokerage businesses, this supervision generally includes the
licensing of insurance brokers and agents and third-party administrators and
the regulation of the handling and investment of client funds held in a
fiduciary capacity. Our continuing ability to provide insurance brokering and
third-party administration in the jurisdictions in which we currently operate
depends on our compliance with the rules and regulations promulgated from time
to time by the regulatory authorities in each of these jurisdictions. Also, we
can be affected indirectly by the governmental regulation and supervision of
other insurance companies. For instance, if we are providing managing general
underwriting services for an insurer, we may have to contend with regulations
affecting our client. Further, regulation affecting the insurance companies
with whom our brokers place business can affect how we conduct those
operations.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Most insurance regulations are designed to protect the
interests of policyholders rather than stockholders and other investors. In the
U.S., this system of regulation, generally administered by a department of
insurance in each state in which we do business, affects the way we can conduct
our insurance underwriting business. Furthermore, state insurance departments
conduct periodic examinations of the affairs of insurance companies and require
the filing of annual and other reports relating to the financial condition of
insurance companies, holding company issues and other matters.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although the federal government does not directly
regulate the insurance business, federal legislation and administrative
policies in several areas, including employee benefit plan regulation, age,
race, disability and sex discrimination, investment company regulation,
financial services regulation, securities laws and federal taxation, do affect
the insurance industry generally and our insurance underwriting subsidiaries in
particular.&#160; One of our subsidiaries,
Sterling Life Insurance Company (&#147;Sterling&#148;), provides individual health care
coverage to seniors in the United States.&#160;
Sterling&#146;s ability to enroll people into its health plans, and the terms
and conditions of these plans, are subject to federal laws and various
regulations promulgated by the Centers for Medicare and Medicaid Services (&#147;CMS&#148;).&#160; Prior to July 2006, Sterling was authorized
to market and enroll beneficiaries within Medicare Advantage products
year-round, but that authorization was due to expire.&#160; Federal legislation that passed in late 2006
extended year-round enrollment (through 2008) for certain health plans like
those marketed by Sterling.&#160; In July of
2007, that legislation was repealed. Accordingly, beginning on August 1, 2007,
Sterling and all other Medicare Advantage plans no longer generally have the
ability to enroll beneficiaries within their plans all year long.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moreover, on June 15, 2007, Sterling voluntarily
agreed, upon CMS&#146;s request of Sterling and other Medicare Advantage private fee
for service (&#147;PFFS&#148;) providers, to temporarily suspend marketing activities of
non-group, individual PFFS plans effective June 22, 2007. Sterling is
continuing its cooperative work with CMS to gain approval that Sterling&#146;s
systems and management controls meet all of the conditions specified by
CMS.&#160; Although we do not anticipate
revenue declining as a result of the recent repeal of all year open enrollment
and the voluntary commitment to CMS to suspend marketing, these events may have
an adverse impact on Sterling&#146;s revenue growth opportunity, or at least the
consistency of this growth, throughout the year.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to Sterling, a substantial risk exists
that the current Congress may pass legislation to reduce reimbursement for PFFS
and Medicare Advantage plans and impose new regulatory burdens upon the
industry beginning as early as 2009. Reductions in reimbursement may adversely
affect Sterling&#146;s revenue and profitability. At this time, it is difficult to
quantify the level of risk to PFFS plans and Sterling because the House and
Senate of Congress will have to reconcile their competing bills and President
Bush has threatened to veto the legislation.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to our international operations, we are
subject to various regulations relating to, among other things, licensing,
currency, policy language and terms, reserves and the amount of local
investment. These various regulations also add to our cost of doing business
through increased compliance expenses, the financial impact of use of capital
restrictions and increased training and employee expenses. Furthermore, the
loss of a license in a particular jurisdiction could restrict or eliminate our
ability to conduct business in that jurisdiction.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In all jurisdictions the applicable laws and
regulations are subject to amendment or interpretation by regulatory
authorities. Generally, such authorities are vested with relatively broad
discretion to grant, renew and revoke licenses and approvals and to implement
regulations. Accordingly, we may be precluded or temporarily suspended from
carrying on some or all of our activities or otherwise fined or penalized in a
given jurisdiction. No assurances can be given that our businesses can continue
to be conducted in any given jurisdiction as they have been in the past.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our significant global operations expose us to
various international risks that could adversely affect our business.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A significant portion of our operations are conducted
outside the U.S.&#160; Accordingly, we are
subject to legal, economic and market risks associated with operating in
foreign countries, including:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the general economic and political conditions existing
in those countries</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">imposition of limitations on conversion of foreign
currencies or remittance of dividends and other payments by foreign
subsidiaries</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">imposition or increase of withholding and other taxes
on remittances and other payments by subsidiaries</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">hyperinflation in certain foreign countries</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">imposition or increase of investment and other
restrictions by foreign governments</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">longer payment cycles</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">greater difficulties in accounts receivables
collection</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the requirement of complying with a wide variety of
foreign laws.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Some of our foreign brokerage subsidiaries receive
revenues in currencies that differ from their functional currencies. We must
also translate the financial results of our foreign subsidiaries into U.S.
dollars. Although we use various derivative financial instruments to help
protect against adverse transaction and translation effects due to exchange
rate fluctuations, we cannot eliminate such risks and significant changes in
exchange rates may adversely affect our results.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our financial results could be adversely affected
if assumptions used in establishing our underwriting reserves differ from
actual experience.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We maintain reserves as an estimate of our liability
under insurance policies issued by our insurance underwriting subsidiaries. The
reserves that we maintain that could cause variability in our financial results
consist of (1) unearned premium reserves, (2) policy and contract claim
reserves and (3) future policy benefit reserves. Unearned premium reserves generally
reflect our liability to return premiums we have collected under policies in
the event of the lapse or cancellation of those policies. Under U.S. GAAP,
premiums we have collected generally become &#147;earned&#148; over the life of a policy
by means of a reduction in the amount of the unearned premium reserve
associated with the policy.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Policy and contract claim reserves reflect our
estimated liability for unpaid claims and claims adjustment expenses, including
legal and other fees and general expenses for administering the claims
adjustment process and for reported and unreported losses incurred as of the
end of each accounting period. If the reserves originally established for
future claims prove inadequate, we would be required to increase our liabilities,
which could have an adverse effect on our business, results of operations and
financial condition.</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligation for policy and contract claims does not
represent an exact calculation of liability. Rather, reserves represent our
best estimate of what we expect the ultimate settlement and administration of
claims will cost. These estimates represent informed judgments based on our
assessment of currently available data, as well as estimates of future trends
in claims severity, frequency, judicial theories of liability and other
factors. Many of these factors are not quantifiable in advance and both
internal and external events, such as changes in claims handling procedures,
inflation, judicial and legal developments and legislative changes, can cause
our estimates to vary. The inherent uncertainty of estimating reserves is
greater for certain types of liabilities, where the variables affecting these
types of claims are subject to change and long periods of time may elapse
before a definitive determination of liability is made. Reserve estimates are
periodically refined as experience develops and further losses are reported and
settled. Adjustments to reserves are reflected in the results of the periods in
which such estimates are changed. Because setting the level of reserves for
policy and contract claims is inherently uncertain, we cannot assure that our
current reserves will prove adequate in light of subsequent events.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Future policy benefit reserves generally reflect our
liability to provide future life insurance benefits and future accident and
health insurance benefits on guaranteed renewable and non-cancelable policies.
Future policy benefit reserves on accident &amp; health and life products have
been provided on the net level premium method. These reserves are calculated
based on assumptions as to investment yield, mortality, morbidity and
withdrawal rates that were determined at the date of issue and provide for
possible adverse deviations.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Each of our business lines may be adversely
affected by an overall decline in economic activity.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The demand for property and casualty insurance
generally rises as the overall level of economic activity increases and
generally falls as such activity decreases, affecting both the commissions and
fees generated by our brokerage and consulting businesses and the premiums
generated by our underwriting businesses. In particular, a growing number of
insolvencies associated with an economic downturn, especially insolvencies in
the insurance industry, could adversely affect our brokerage business through
the loss of clients or by hampering our ability to place insurance and
reinsurance business. Moreover, the results of our consulting business are
generally affected by the level of business activity of our clients, which in
turn is affected by the level of economic activity in the industries and
markets these clients serve. As our clients become adversely affected by
declining business conditions, they may choose to delay or forgo consulting
engagements with us.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We have debt outstanding that could adversely
affect our financial flexibility.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of June 30, 2007, we had total consolidated debt
outstanding of approximately $2.2 billion.&#160;
This amount of debt outstanding could adversely affect our financial
flexibility.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">A decline in the credit ratings of our senior debt
and commercial paper may adversely affect our borrowing costs and financial
flexibility.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A downgrade in the credit ratings of our senior debt
and commercial paper would increase our borrowing costs and reduce our
financial flexibility. In addition, certain downgrades may trigger obligations
of our company to fund certain amounts with respect to our premium finance
securitizations.&#160; Similarly, a downgrade
would increase our commercial paper interest rates or may result in our
inability to access the commercial paper market altogether.&#160; We cannot assume that our financial position
would not be adversely affected if we are unable to access the commercial paper
market.&#160; A downgrade in the credit
ratings of our senior debt may also adversely affect the claims-paying ability
or financial strength ratings of our insurance company subsidiaries. See the
risk factor &#147;A decline in the financial strength or claims-paying ability
ratings of our insurance underwriting subsidiaries may increase policy
cancellations and negatively impact new sales of insurance products&#148; above.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Recent and proposed accounting rule changes could
negatively affect our financial position and results.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">From time to time, the Financial Accounting Standards
Board (&#147;FASB&#148;) considers accounting rule changes.&#160; Whether these proposals will become final
rules are uncertain, as is their final content.&#160;
However, if enacted, these proposals could negatively affect our
financial position and results of operations.</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We are a holding company and, therefore, may not be
able to receive dividends in needed amounts from our subsidiaries.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our principal assets are the shares of capital stock
of our subsidiaries, including our insurance underwriting companies. We have to
rely on dividends from these subsidiaries to meet our obligations for paying
principal and interest on outstanding debt obligations and for paying dividends
to stockholders and corporate expenses. Payments from our underwriting
subsidiaries are limited by governmental regulation and depend on the surplus
and future earnings of these subsidiaries. In some circumstances, specific
payments from our insurance underwriting subsidiaries may require prior
regulatory approval and we may not be able to receive dividends from these subsidiaries
at times and in the amounts we anticipate or require.<i>  </i></font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">We cannot guarantee that our underwriting
subsidiaries&#146; reinsurers or our reinsurers of our property and casualty
business will pay in a timely fashion, if at all.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To better manage our portfolio of underwriting risk,
we purchase reinsurance by transferring part of the risk that we assume (known
as ceding) to a reinsurance company in exchange for part of the premium that we
receive in connection with the risk. Although reinsurance makes the reinsurer
liable to us to the extent the risk is transferred (or ceded) to the reinsurer,
it does not relieve us of our liability to our policyholders. Accordingly, we
bear credit risk with respect to our reinsurers. Recently, due to industry and
general economic conditions, there is an increasing risk of insolvency among
reinsurance companies, resulting in a greater incidence of litigation and
affecting the recoverability of claims. We cannot assure that our reinsurers
will pay the reinsurance recoverables owed to us or that they will pay these
recoverables on a timely basis.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the sale of Aon Warranty Group (&#147;AWG&#148;)
on November 30, 2006, Aon sold the capital stock of Virginia Surety Company,
Inc. (&#147;VSC&#148;).&#160; Because VSC issued
property and casualty policies, VSC continues to remain liable to property and
casualty policyholders.&#160; However,
pursuant to contractual arrangements entered into as part of the sale of AWG,
we have agreed to indemnify the buyer of VSC for all obligations arising out of
the property and casualty business, including any failure by reinsurers to meet
their obligations with respect to the property and casualty business.&#160; We have also agreed to guaranty amounts owed
by reinsurers in respect of CPG business issued prior to the closing of that
transaction.&#160; If reinsurers fail to pay
the reinsurance recoverables owed to VSC with respect to the property and
casualty business (including with respect to CPG business) or do not pay on a
timely basis, we will be responsible for these amounts.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The volume of premiums we write and our
profitability are affected by the availability of reinsurance and the size and
adequacy of our insurance company subsidiaries&#146; capital base.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The level of business that our insurance underwriting
subsidiaries are able to write depends on the size and adequacy of their
capital base. Many state insurance laws to which they are subject impose
risk-based capital requirements for purposes of regulating insurer solvency.
Insurers having less statutory surplus than that required by the risk-based
capital model formula generally are subject to varying degrees of regulatory
scrutiny and intervention depending on the level of capital inadequacy. As of June
30, 2007, each of our insurance company subsidiaries substantially exceeded
NAIC risk-based statutory surplus requirements.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We purchase reinsurance for certain of the risks
underwritten by our insurance company subsidiaries. Market conditions beyond
our control determine the availability and cost of the reinsurance protection
we purchase, which may affect the level of business we are able to write and
our profitability. We cannot assure that we will be able to maintain our
current reinsurance facilities or that we can obtain other reinsurance
facilities in adequate amounts and at favorable rates. If we are unable to
renew our expiring facilities or to obtain new reinsurance facilities, either
our net exposures would increase or, if we are unwilling to bear an increase in
net exposures, we would have to reduce the level of our underwriting
commitments. Either of these potential developments could adversely affect our
underwriting business.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">In connection with the implementation of our
corporate strategy, we face certain risks associated with the acquisition or
disposition of businesses.</font></i></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In pursuing our corporate strategy, we may acquire
other businesses or dispose of or exit businesses we currently own.&#160; The success of this strategy is dependent
upon our ability to identify appropriate acquisition and disposition targets, negotiate
transactions on favorable terms and ultimately complete such transactions.&#160; If acquisitions are made, there can be no
assurance that we will realize the anticipated benefits of such acquisitions,
including revenue growth, operational efficiencies or expected synergies.&#160; In addition, we may not be able to integrate
acquisitions successfully into our existing business, and we could incur or
assume unknown or unanticipated liabilities or contingencies, which may impact
our results of operations.&#160; If we dispose
of or otherwise exit certain businesses, there can be no assurance that we will
not incur certain disposition-related charges, or that we will be able to
reduce overhead related to the divested assets.</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">USE OF PROCEEDS</font><a name="UseOfProceeds_054629"></a></b></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We will not receive any </font><font size="2" style="font-size:10.0pt;">proceeds</font><font size="2" style="font-size:10.0pt;"> from the sale of the shares of the common stock of
Aon, par value $1.00 per share (the &#147;Common Stock&#148;), pursuant to this
prospectus. All proceeds from the sale of the Common Stock pursuant to this
prospectus will be made for the account of Gregory C. Case (the &#147;Selling
Stockholder&#148;), as described below.</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SELLING STOCKHOLDER</font><a name="SellingStockholder_054635"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table sets forth the name and
relationship to Aon of the Selling Stockholder, and the information with
respect to the number of shares of Common Stock beneficially owned by the
Selling Stockholder and as adjusted to give effect to the sale of the shares
that may be offered pursuant to this prospectus. Because the Selling
Stockholder may from time to time offer all or some of the shares pursuant to
this offering or may otherwise acquire or dispose of shares held by him, we
cannot estimate the number of the shares that will be held by the Selling
Stockholder after completion of this offering. However, for purposes of the
table below, we have assumed that (i) after completion of this offering, none
of the shares covered by this prospectus as of the date of this prospectus will
be held by the Selling Stockholder and (ii) the Selling Stockholder continues
to beneficially own the same number of shares that he beneficially owned prior
to this offering, less the number of shares sold in the offering.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="16%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:16.68%;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;"><br>
  </font></b><!-- SET mrlNoTableShading -->Name of Selling <br>
  Stockholder</p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Relationship to Aon <br>
  Corporation Since <br>
  January 2003</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number of Shares <br>
  Owned Prior to this <br>
  Offering</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman"><font style="font-size:8.0pt;"><br>
  </font>Number of Shares<br>
  Being Offered</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="23%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:23.14%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number of Shares <br>
  Owned After this<br>
  Offering</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="16%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:16.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory C. Case</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President and Chief Executive Officer(1)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">379,748</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.88%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">125,000 (2)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.14%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">363,519</font></p>
  </td>
 </tr>
</table>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1) The Selling Stockholder&#146;s employment with Aon
commenced in April of 2005.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2) The restricted stock unit award granted to the
Selling Stockholder of 125,000 shares of Common Stock vests in four
installments of 12,500 shares on each of April 3, 2006, 2007, 2008 and 2009 and
in a final installment of 75,000 shares on April 3, 2010.&#160; Of the 125,000 shares of Common Stock
underlying the restricted stock unit award, 25,000 shares have vested pursuant
to such award as of the date of this prospectus.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Rule 416 under the Securities Act, the
registration statement of which this prospectus is a part also covers any
additional shares of Common Stock which become issuable in connection with the
shares identified in the table above through any stock dividend, stock split,
recapitalization or other similar transaction effected without the receipt of
consideration, which results in an increase in the number of outstanding shares
of Common Stock.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of June 30, 2007, there were 292,776,483 shares
of Common Stock issued and outstanding.</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLAN OF DISTRIBUTION</font><a name="PlanOfDistribution_054642"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As used in this prospectus, &#147;Selling Stockholder&#148; includes
the Selling Stockholder named above and his donees, pledgees, transferees or
other successors in interest selling shares received from named Selling
Stockholder as a gift, </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">partnership distribution or other non-sale-related
transfer after the date of this prospectus. We have been advised that the
Selling Stockholder may effect sales of the shares of Common Stock directly, or
indirectly by or through underwriters, agents or broker-dealers, and that the
shares of Common Stock may be sold by one or a combination of several of the
following methods:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>one or more block
transactions, in which the broker or dealer so engaged will attempt to sell the
shares of Common Stock as agent but may position and resell a portion of the
block as principal to facilitate the transaction, or in crosses, in which the
same broker acts as an agent on both sides of the trade;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>purchases by a
broker-dealer or market maker, as principal, and resale by the broker-dealer
for its account;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>ordinary brokerage
transactions or transactions in which a broker solicits purchases;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>on the New York
Stock Exchange or on any other national securities exchange or quotation
service on which our Common Stock may be listed or quoted at the time of the
sale;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>in the
over-the-counter market;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>through the
writing of options, whether the options are listed on an options exchange or
otherwise;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>through
distributions to creditors and equity holders of the Selling Stockholder; or</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any combination of the foregoing, or any other available means allowable
under applicable law.</p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We will bear all costs, expenses and fees in
connection with the registration and sale of the Common Stock covered by this
prospectus, other than underwriting discounts and selling commissions. We will
not receive any proceeds from the sale of the shares of our Common Stock
covered hereby. The Selling Stockholder will bear all commissions and
discounts, if any, attributable to sales of the shares. The Selling Stockholder
may agree to indemnify any broker-dealer or agent that participates in
transactions involving sales of the shares against certain liabilities,
including liabilities arising under the Securities Act.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Selling Stockholder may sell the shares covered
by this prospectus from time to time, and may also decide not to sell all or
any of the shares he is allowed to sell under this prospectus. The Selling
Stockholder will act independently of us in making decisions regarding the
timing, manner and size of each sale. The Selling Stockholder may effect sales
by selling the shares directly to purchasers in individually negotiated
transactions, or to or through broker-dealers, which may act as agents or
principals. The Selling Stockholder may sell his shares at fixed prices, at
market prices prevailing at the time of sale, at prices related to such
prevailing market prices, at varying prices determined at the time of sale, or
at privately negotiated prices.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additionally, the Selling Stockholder may engage in
hedging transactions with broker-dealers in connection with distributions of
shares or otherwise. In those transactions, broker-dealers may engage in short
sales of shares in the course of hedging the positions they assume with the
Selling Stockholder. The Selling Stockholder also may sell shares short and
redeliver shares to close out such short positions. The Selling Stockholder may
also enter into option or other transactions with broker-dealers which require
the delivery of shares to the broker-dealer. The broker-dealer may then resell
or otherwise transfer such shares pursuant to this prospectus. The Selling
Stockholder also may loan or pledge shares to a broker-dealer. The
broker-dealer may sell the shares so loaned or pledged pursuant to this
prospectus.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Selling Stockholder may enter into derivative
transactions with third parties, or sell securities not covered by this
prospectus to third parties in privately negotiated transactions. If the
applicable prospectus supplement indicates, in connection with those
derivatives, the third parties may sell securities covered by this prospectus
and the applicable prospectus supplement, including in short sale transactions.
If so, the third party may use securities pledged by the Selling Stockholder or
borrowed from the Selling Stockholder or others to settle those sales or to
close out any related open borrowings of stock, and may use securities received
from the Selling Stockholder in settlement of those derivatives to close out
any related open borrowings of stock. The third party in such sale transactions
will be an underwriter and, if not identified in this prospectus, will be
identified in the applicable prospectus supplement (or a post-effective
amendment).</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Broker-dealers or agents may receive compensation
in the form of commissions, discounts or concessions from Selling Stockholders.
Broker-dealers or agents may also receive compensation from the purchasers of
shares for whom they act as agents or to whom they sell as principals, or both.
Compensation as to a particular broker-dealer might be in excess of customary
commissions and will be in amounts to be negotiated in connection with</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">transactions involving shares. In effecting sales,
broker-dealers engaged by the Selling Stockholder may arrange for other
broker-dealers to participate in the resales.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with sales of our Common Stock
covered hereby, the Selling Stockholder and any broker-dealers or agents and
any other participating broker-dealers who execute sales for the Selling
Stockholder may be deemed to be &#147;underwriters&#148; within the meaning of the
Securities Act. Accordingly, any profits realized by the Selling Stockholder
and any compensation earned by such broker-dealers or agents may be deemed to
be underwriting discounts and commissions. Because the Selling Stockholder may
be deemed to be an &#147;underwriter&#148; within the meaning of Section 2(11) of the
Securities Act, the Selling Stockholder will be subject to the prospectus
delivery requirements of that act. We will make copies of this prospectus (as
it may be amended or supplemented from time to time) available to the Selling
Stockholder for the purpose of satisfying the prospectus delivery requirements.
In addition, any shares of the Selling Stockholder covered by this prospectus
which qualify for sale pursuant to Rule 144 under the Securities Act may be sold
in open market transactions under Rule 144 rather than pursuant to this
prospectus.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Selling Stockholder will be subject to
applicable provisions of Regulation M of the Securities Exchange Act of 1934
(the &#147;Exchange Act&#148;) and the rules and regulations thereunder, which provisions
may limit the timing of purchases and sales of any of the shares of our Common
Stock by the Selling Stockholder. These restrictions may affect the
marketability of such shares.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In order to comply with applicable securities laws
of some states, the shares may be sold in those jurisdictions only through
registered or licensed brokers or dealers. In addition, in certain states the
shares may not be sold unless they have been registered or qualified for sale
in the applicable state or an exemption from the registration or qualification
requirements is available.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the extent necessary, we may amend or supplement
this prospectus from time to time to describe a specific plan of distribution.
We will file a supplement to this prospectus, if required, upon being notified
by the Selling Stockholder that any material arrangement has been entered into
with a broker-dealer for the sale of shares through a block trade, special
offering, exchange distribution or secondary distribution or a purchase by a
broker or dealer. The supplement will disclose the name of the Selling
Stockholder and of the participating broker-dealer(s); the number of shares
involved; the price at which such shares were sold; the commissions paid or
discounts or concessions allowed to such broker-dealer(s), where applicable;
that such broker-dealer(s) did not conduct any investigation to verify the
information contained in or incorporated by reference in this prospectus; and
any other facts material to the transaction.</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">LEGAL MATTERS</font><a name="LegalMatters_054653"></a></b></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The validity of the issuance of shares of the
Common Stock offered by this prospectus will be passed upon for us by Richard
E. Barry, Vice President and Deputy General Counsel of Aon.&#160; </font><font size="2" style="font-size:10.0pt;">As of the date hereof, Mr. Barry beneficially owns a
total of 47,684 shares of Common Stock, including options to purchase 36,000
shares of Common Stock that have vested or will vest within 60 days of the date
hereof and 1,498 shares of Common Stock pursuant to the Aon Savings Plan.</font></p>

<p align="center" style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXPERTS</font><a name="Experts_054659"></a></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The consolidated financial statements of Aon
appearing in Aon&#146;s Annual Report (Form 10-K) for the year ended December 31,
2006 (including schedules appearing therein) and Aon management&#146;s assessment of
the effectiveness of internal control over financial reporting as of December
31, 2006 included therein, have been audited by Ernst &amp; Young LLP, an
independent registered public accounting firm, as set forth in their reports
thereon, included therein, and incorporated herein by reference. Such consolidated
financial statements and management&#146;s assessment are incorporated herein by
reference in reliance upon such reports given on the authority of such firm as
experts in accounting and auditing.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to the unaudited condensed consolidated
interim financial information of Aon Corporation three-month periods ended
March 31, 2007 and March 31, 2006, incorporated by reference in this
Prospectus, Ernst &amp; Young LLP reported that they have applied limited
procedures in accordance with professional standards for a review of such
information.&#160; However, their separate
report dated May 4, 2007, included in Aon Corporation&#146;s Quarterly Report on
Form 10-Q for the quarter ended March 31, 2007, and incorporated by reference
herein, states that they did not audit and they do not express an opinion on
that interim financial information. Accordingly, the degree of reliance on
their report on such information should be restricted in light of the limited
nature of the review procedures applied. Ernst &amp; Young LLP is not subject
to the liability provisions of Section 11 of the Securities Act of 1933 (the &#147;Act&#148;)
for their report on the unaudited interim financial information because that
report is not a &#147;report&#148; or a &#147;part&#148; of the Registration Statement prepared or
certified by Ernst &amp; Young LLP within the meaning of Sections 7 and 11 of
the Act.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>
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<div>


<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Part II<br>
Information Required in the Registration Statement</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3.&#160; <u>Incorporation of Documents by Reference</u>.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following documents previously filed with the
Securities and Exchange Commission (the &#147;<u>Commission</u>&#148;) (Commission file
number 1-7933) by Aon are incorporated herein by reference:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 60.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Annual Report on Form 10-K for the fiscal year ended
December 31, 2006;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 60.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2007 and June 30, 2007;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 60.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Current Reports
on Form 8-K (excluding any information furnished under Items 2.02 or 7.01
thereof) of the Company filed with the Commission on February 1, 2007, March 1,
2007, March 21, 2007, May 23, 2007, July 17, 2007, August 1, 2007 and August
15, 2007; and</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 60.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The description of the Common Stock, $1.00 par value,
of the Company (the &#147;<u>Common Stock</u>&#148;) contained in Item 12 of the
Registration Statement on Form&nbsp;10 filed by the Company with the Commission
on February&nbsp;19, 1980 (when the Company was known as Combined International
Corporation), and any amendment or report which the Company has filed (or will
file after the date of this Registration Statement and prior to the termination
of this offering) for the purpose of updating such description, including the
Company&#146;s Current Reports on Form&nbsp;8-K dated April&nbsp;23, 1987 and
May&nbsp;9, 2000.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All documents filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the
date of this Registration Statement and prior to the filing of a post-effective
amendment to this Registration Statement which indicates that all securities
offered hereby have been sold or which deregisters all securities then
remaining unsold, are deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the respective dates of
filing of such documents (such documents, and the documents enumerated above,
being hereinafter referred to as &#147;<u>Incorporated Documents</u>&#148;).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any statement contained in
an Incorporated Document shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement
contained herein or in any subsequently filed Incorporated Document modifies or
supersedes such statement.&#160; Any such
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4.&#160; <u>Description of Securities</u>.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.&#160; <u>Interests of Named Experts and Counsel</u></font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The legality of the securities being registered and
offered hereby will be passed upon by Richard&nbsp;E. Barry, who is a Vice
President and Deputy General Counsel of the Company. As of the date hereof, Mr.
Barry beneficially owns a total of 47,684 shares of Common Stock, including
options to purchase 36,000 shares of Common Stock that have vested or will vest
within 60 days of the date hereof and 1,498 shares of Common Stock pursuant to
the Aon Savings Plan.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
6.&#160; <u>Indemnification of Directors and
Officers</u>.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company was organized
under the laws of the State of Delaware and is subject to the Delaware General
Corporation law. Delaware law provides that officers and directors may receive
indemnification from their corporations for certain actual or threatened
lawsuits. Delaware law sets out the standard of conduct that the officers and
directors must meet in order to be indemnified, the parties who are to
determine whether the standard has been </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-1</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">met and the types of
expenditures which will be indemnified. Delaware law further provides that a
corporation may purchase indemnification insurance, such insurance providing
indemnification for the officers and directors whether or not the corporation
would have the power to indemnify them against such liability under the
provisions of Delaware law.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s Second
Restated Certificate of Incorporation, as amended, provides that it will
indemnify its officers and directors to the fullest extent permitted by
Delaware law.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, the Company
maintains insurance coverage that provides reimbursement within the policy
limits for amounts it is obligated to pay arising out of lawsuits involving
officers and directors serving in such capacities in which the damages,
judgments, settlements, costs, charges or expenses incurred in connection with
the defense of the action, suit or proceeding are reimbursable pursuant to
Delaware law and the Company&#146;s Second Restated Certificate of Incorporation, as
amended.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7.&#160; <u>Exemption from Registration Claimed</u>.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The 125,000 shares of
Common Stock being offered under the reoffer prospectus were exempt from
registration under the Securities Act as a transaction not involving any public
offering.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8.&#160; <u>Exhibits</u>.</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Exhibit Number</p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="86%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description of Exhibit</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Second Restated Certificate of Incorporation of the
  Company &#150; incorporated by reference to Exhibit&nbsp;3(a) to the Company&#146;s
  Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1991.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company &#150; incorporated by reference to
  Exhibit&nbsp;3 to the Company&#146;s Quarterly Report on Form 10-Q for the quarter
  ended March&nbsp;31, 1994.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company &#150; incorporated by reference to
  Exhibit&nbsp;3 to the Company&#146;s Current Report on Form 8-K dated May&nbsp;9,
  2000.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amended Bylaws of the Company &#150; incorporated by
  reference to Exhibit 3.2 to the Company&#146;s Current Report on Form&nbsp;8-K
  filed on October&nbsp;4, 2002.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employment Agreement dated April&nbsp;4, 2005 between
  the Registrant and Gregory C. Case &#150; incorporated by reference to Exhibit&nbsp;10.1
  to the Company&#146;s Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31,
  2005.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*5</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Richard E. Barry, Vice President and
  Deputy General Counsel of the Company, as to the legality of the securities
  being registered.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*15</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter re Unaudited Interim Financial Information
  from Ernst &amp; Young LLP.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*23.1</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Richard E. Barry (included in the opinion
  filed as Exhibit 5).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*23.2</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp; Young LLP.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.9%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*24</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers of Attorney.</font></p>
  </td>
 </tr>
</table>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*
Filed herewith.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
9.&#160; <u>Undertakings</u>.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Company hereby undertakes:</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt 36.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To include any prospectus required
by Section 10(a)(3) of the Securities Act;</font></p>

<p style="margin:0pt 0pt 12.0pt 36.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To reflect in the prospectus any
facts or events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in
the registration statement.&#160;
Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the
maximum aggregate offering price set forth in the &#147;Calculation of Registration
Fee&#148; table in the effective registration statement; and</font></p>

<p style="margin:0pt 0pt 12.0pt 36.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To include any material information
with respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the
registration statement;</font></p>

<p align="left" style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-align:left;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided</font></u><i><font size="2" style="font-size:10.0pt;font-style:italic;">, </font></i><u><font size="2" style="font-size:10.0pt;">however</font></u><i><font size="2" style="font-size:10.0pt;font-style:italic;">,</font></i><font size="2" style="font-size:10.0pt;"> that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if the information required to be included in a post-effective amendment by
those paragraphs is contained in reports filed with or furnished to the
Commission by the Company pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the registration statement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; That,
for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial <u>bona</u>  <u>fide</u>
offering thereof;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Company hereby undertakes that, for purposes of determining any liability under
the Securities Act, each filing of the Company&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial <u>bona</u>  <u>fide</u> offering thereof.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been
advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore,
unenforceable.&#160; In the event that a claim
for indemnification against such liabilities (other than the payment by the
Company of expenses incurred or paid by a director, officer or controlling
person of the Company in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-3</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-3',FILE='C:\fc\250134946629_D11113_2397457\23438-2-dm.htm',USER='jmsproofassembler',CD='Sep  7 13:49 2007' -->



<br clear="all" style="page-break-before:always;">
<div>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signatures</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Chicago, State of Illinois, on the 7th day of September, 2007.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.14%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">AON CORPORATION</font></p>
  </td>
  <td width="34%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.36%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:14.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="34%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.36%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:14.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="34%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.36%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="43%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:43.76%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Jennifer L. Kraft</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="45%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.3%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jennifer L. Kraft</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="45%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.3%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President, Associate General Counsel <br>
  and Secretary</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="210" style="border:none;"></td>
  <td width="117" style="border:none;"></td>
  <td width="30" style="border:none;"></td>
  <td width="23" style="border:none;"></td>
  <td width="29" style="border:none;"></td>
  <td width="82" style="border:none;"></td>
  <td width="193" style="border:none;"></td>
  <td width="60" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading -->Signature</p>
  </td>
  <td width="6%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="35%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Title</font></b></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Gregory C. Case </font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President and Chief Executive </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory C. Case</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Officer (Principal Executive<br>
  Officer)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ David P. Bolger</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President and </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David P. Bolger</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer and </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Administrative Officer </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Financial and <br>
  Accounting Officer)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Chairman</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Patrick G. Ryan</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Edgar D. Jannotta</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jan Kalff</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lester B. Knight</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">J. Michael Losh</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R. Eden Martin</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andrew J.
  McKenna</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert S.
  Morrison</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard B. Myers</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard C.
  Notebaert</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John W. Rogers,
  Jr.</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gloria Santona</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Carolyn Y. Woo</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="30%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="26%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:26.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/Gregory C. Case </font></p>
  </td>
  <td width="42%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September 7, 2007</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="26%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:26.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;Gregory C. Case </font></p>
  </td>
  <td width="42%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="26%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:26.8%;">
  <p style="margin:0pt 0pt .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;&nbsp;&nbsp;Attorney-in-Fact</font></i></p>
  </td>
  <td width="42%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT INDEX</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading -->Exhibit Number</p>
  </td>
  <td width="5%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="87%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description of Exhibit</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Second Restated Certificate of Incorporation of the
  Company - incorporated by reference to Exhibit 3(a) to the Company&#146;s Annual
  Report on Form 10-K for the year ended December 31, 1991.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company - incorporated by reference to
  Exhibit 3 to the Company&#146;s Quarterly Report on Form 10-Q for the quarter
  ended March 31, 1994.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company - incorporated by reference to
  Exhibit 3 to the Company&#146;s Current Report on Form 8-K dated May 9, 2000.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amended Bylaws of the Company - incorporated by
  reference to Exhibit 3.2 to the Company&#146;s Current Report on Form 8-K filed on
  October 4, 2002.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employment Agreement dated April 4, 2005 between the
  Registrant and Gregory C. Case - incorporated by reference to Exhibit 10.1 to
  the Company&#146;s Quarterly Report on Form 10-Q for the quarter ended March 31,
  2005.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*5</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Richard E. Barry, Vice President and
  Deputy General Counsel of the Company, as to the legality of the securities
  being registered.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*15</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter re Unaudited Interim Financial Information
  from Ernst &amp; Young LLP.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*23.1</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Richard E. Barry (included in the opinion
  filed as Exhibit 5).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*23.2</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:87.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp; Young LLP.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers of Attorney.</font></p>
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<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*
Filed herewith</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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[{"type": "S-8", "sequence": "1", "filename": "a07-23438_2s8.htm", "description": "S-8", "secsgml_size_bytes": 256137}]
{"company-data": {"conformed-name": "AON CORP", "cik": "0000315293", "assigned-sic": "6321", "irs-number": "363051915", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-145930", "film-number": "071106941"}, "business-address": {"street1": "200 EAST RANDOLPH STREET", "city": "CHICAGO", "state": "IL", "zip": "60601", "phone": "3123811000"}, "mail-address": {"street1": "200 EAST RANDOLPH STREET", "city": "CHICAGO", "state": "IL", "zip": "60601"}, "former-company": {"former-conformed-name": "COMBINED INTERNATIONAL CORP", "date-changed": "19870504"}}
As filed with the Securities and Exchange Commission on September 7, 2007
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.  20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
AON CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
36-3051915
(State or Other
  Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
  Identification No.)
200
  East Randolph Street
60601
Chicago,
  Illinois
(Zip Code)
(Address of
  Principal Executive Offices)
Employment
Agreement between Aon Corporation and Gregory C. Case
(Full Title of the Plan)
Jennifer
L. Kraft
Vice
President, Associate General Counsel and Secretary
Aon
Corporation
Aon
Center
200 East Randolph Street
Chicago, Illinois
(312)
381-1000
(Name,
Address, and Telephone Number,
Including Area Code, of
Agent For Service)
CALCULATION OF REGISTRATION FEE
Title of securities to be
registered
Amount to be
registered
(1)
Proposed
maximum
offering
price per
share
Proposed
maximum
aggregate
offering price
Amount of
registration
fee
Common Stock,
  par value $1.00 per share
325,000
(2)
$
22.86
(3)
$
7,429,500
(4)
$
228.09
(4)
125,000
(5)
$
43.19
(6)
$
5,398,750
(7)
$
165.74
(7)
TOTAL
450,000
N/A
$
12,828,250
$
393.83
(1)
This Registration Statement covers such
additional and indeterminate number of shares of common stock of Aon Corporation (the "
Company
"),
par value $1.00 per share (the "
Common Stock
"), as may become
issuable by reason of stock dividends, stock splits or similar transactions.
(2)
Represents 325,000
shares of Common Stock underlying the inducement stock option granted to
Gregory C. Case, President and Chief Executive Officer of the Company, pursuant
to the Employment Agreement
between the Company and Gregory C. Case (the "
Case Employment Agreement
").
(3)
Represents the exercise price per share of
the stock option granted to Gregory C. Case pursuant to the Case Employment Agreement.
(4)
Estimated solely for the purposes of
determining the amount of the registration fee, in accordance with Rule 457(h)
of the Securities Act of 1933, as amended (the "
Securities Act
") on the
basis of the exercise price per share of the stock option granted to Gregory C.
Case.
(5)
Represents 125,000 shares of Common Stock
underlying the inducement restricted stock unit award granted pursuant to the Case
Employment Agreement.
(6)
Represents the average of the high and low
sales prices per share of Common Stock as reported by the New York Stock
Exchange on September 5, 2007.
(7)
Estimated solely for the purposes of
determining the amount of the registration fee, in accordance with Rule 457(h)
of the Securities Act on the basis of the average of the high and low sales
prices per share of Common Stock as reported by the New York Stock Exchange on
September 5, 2007.
The Registrant has prepared this Registration Statement in accordance
with the requirements of Form S-8 under the Securities Act to register (i)
sales of up to 325,000 shares of Common Stock pursuant to the exercise of an
option issued pursuant to the Case Employment Agreement referred to above and
(ii) the resale of up to 125,000 shares of Common Stock that were issued or are
issuable pursuant to the inducement restricted stock unit award previously
granted to Gregory C. Case (the "Selling Stockholder") upon his employment with
the Company pursuant to the Case Employment Agreement and (iii) such
indeterminate number of other shares of Common Stock as may be issued in
relation to such shares in transactions referred to in Rule 416 under the
Securities Act.  Accordingly, this
Registration Statement also includes a reoffer prospectus that has been
prepared in accordance with the requirements of Part I of Form S-3 and,
pursuant to General Instruction C of Form S-8, may be used for reofferings and
resales on a continuous or delayed basis of the 125,000 shares of Common Stock
that are issuable pursuant to such restricted stock unit award and that are
held by the Selling Stockholder.
REOFFER
PROSPECTUS
AON CORPORATION
125,000 Shares
Common Stock
This prospectus is being used
in connection with the offering from time to time by Gregory C. Case (the "Selling
Stockholder"), or by his pledgees, donees, transferees or other successors in
interest, of shares of the common stock of Aon Corporation, par value $1.00 per
share (the "Common Stock"), acquired upon vesting of an inducement restricted
stock unit award.  This award was made
pursuant to the terms of the Selling Stockholder's employment agreement with
Aon Corporation.  We will not receive any
of the proceeds from any such offering.
The prices at which the
Selling Stockholder may sell the shares will be determined by the prevailing
market price for the shares at the time of sale or through negotiated
transactions with third parties.
The registration statement of
which this prospectus is a part permits the Selling Stockholder to sell the
shares from time to time in the public market.
The Selling Stockholder may
sell Common Stock through ordinary broker transactions, directly to market
makers of our shares, directly to third parties, through underwriters in public
offerings, or through other means described in the section entitled "Plan of
Distribution" beginning on page 11.
Our Common Stock is traded on
the New York Stock Exchange under the symbol "AOC".  The last reported sale price for our Common
Stock on September 5, 2007 was $43.59 per share.
Investing in
our Common Stock involves risks. See the section entitled "Risk Factors" beginning
on page 2.
Neither the Securities and
Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus is truthful or
complete.  Any representation to the contrary
is a criminal offense.
The date of this prospectus is
September 7, 2007.
TABLE
OF CONTENTS
SUMMARY
1
OUR COMPANY
1
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
1
WHERE YOU CAN FIND MORE INFORMATION
1
THE OFFERING
2
RISK FACTORS
2
USE OF PROCEEDS
11
SELLING STOCKHOLDER
11
PLAN OF DISTRIBUTION
11
LEGAL MATTERS
13
EXPERTS
13
It is important for you to read and consider all
information contained in this prospectus in making your investment
decision.  You should also read and
consider the information in "Where You Can Find More Information" below for
information on our company and our financial statements.
You should rely only on the
information contained or incorporated by reference in this prospectus.  No one has been authorized to provide you
with different information.  If anyone
provides you with different or inconsistent information, you should not rely on
it.  You should not assume that the
information in this prospectus or any document incorporated by reference is
accurate as of any date other than the date on the front of those documents.  We are not making an offer of these
securities in any state where the offer is not permitted.
SUMMARY
Our
Company
Aon Corporation ("Aon"
or the "Company") serves its clients through three operating segments via its
various subsidiaries worldwide:
·
Risk and Insurance Brokerage Services
acts as an advisor and
insurance broker, helping clients manage their risks, as well as negotiating
and placing insurance risk with insurance carriers through our global
distribution network.
·
Consulting
provides advice and services to clients for
employee benefits, compensation, management consulting, communications, human
resource outsourcing, strategic human resource consulting, and financial
advisory and litigation consulting.
·
Insurance Underwriting
provides specialty insurance
products, including accident, health and life insurance.  We have ceased writing property and casualty
business and have placed our remaining lines of business into runoff.
Our clients
include corporations and businesses, insurance companies, professional
organizations, independent agents and brokers, governments, and other
entities.  We also serve individuals
through personal lines, affinity groups, and certain specialty operations.
Incorporated in
1979, Aon is the parent corporation of long-established and more recently
acquired companies.  Aon has
approximately 43,000 employees and does business in more than 120 countries and
sovereignties. Our corporate headquarters are located at Aon Corporation, Aon
Center, 200 East Randolph Street, Chicago, Illinois 60601 and our telephone
number is
(312) 381-1000.
Information
Concerning Forward-Looking Statements
This report contains certain statements related to
future results, or states our intentions, beliefs and expectations or
predictions for the future which are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from either historical or
anticipated results depending on a variety of factors. Potential factors that
could impact results include: general economic conditions in different
countries in which we do business around the world, changes in global equity
and fixed income markets that could affect the return on invested assets,
fluctuations in exchange and interest rates that could influence revenue and
expense, rating agency actions that could affect our ability to borrow funds,
funding of our various pension plans, changes in the competitive environment,
our ability to implement restructuring initiatives and other initiatives
intended to yield cost savings, our ability to execute the stock repurchase
program, our ability to successfully execute strategic options for our
subsidiary, Combined Insurance Company of America, and its subsidiaries, the
impact of current, pending and future regulatory and legislative actions that
affect our ability to market and sell, and be reimbursed at current levels for,
the Medicare Advantage health plans of our subsidiary, Sterling Life Insurance
Company, changes in commercial property and casualty markets and commercial
premium rates that could impact revenues, changes in revenues and earnings due
to the elimination of contingent commissions, other uncertainties surrounding a
new compensation model, the impact of investigations brought by state attorneys
general, state insurance regulators, federal prosecutors and federal
regulators, the impact of class actions and individual lawsuits including
client class actions, securities class actions, derivative actions and ERISA
class actions, the resolution of the review of stock option practices, the cost
of resolution of other contingent liabilities and loss contingencies, the
difference in ultimate paid claims in our underwriting companies from actuarial
estimates and other factors disclosed under "Risk Factors" beginning on page 2.
Where
You Can Find More Information
We file annual, quarterly and special reports, proxy
statements and other information with the Securities Exchange Commission (the "
SEC
").  Our SEC filings are available to the public
over the internet at the SEC's web site at
1
http://www.sec.gov or at our web site at
http://www.aon.com.  You may also read
and copy any document we file with the SEC at its public reference facility at
100 F Street, N.E., Washington, D.C. 20549.
You may also obtain copies of this information at
prescribed rates by writing to the Public Reference Section of the SEC at 100 F
Street, N.E., Washington, D.C. 20549. 
Please call the SEC at 1-800-SEC-0330 for further information on the
operation of the public reference facility.
Our SEC filings are available at the office of the New
York Stock Exchange.  For further
information on obtaining copies of our public filings at the New York Stock
Exchange, you should call (212) 656-3000.
We have filed a registration statement under the
Securities Act with the SEC with respect to the shares to be sold
hereunder.  This prospectus has been
filed as part of the registration statement. 
This prospectus does not contain all of the information set forth in the
registration statement because certain parts of the registration statement are
omitted in accordance with the rules and regulations of the SEC.  The registration statement is available for
inspection and copying as set forth above.
We
will provide to each person, including any beneficial owner, to whom a
prospectus is delivered, a copy of any or all of the information that has been
incorporated by reference in the prospectus but not delivered with the
prospectus.  Upon written or oral request
to the Company at the following address and telephone number, copies will be
provided at no cost to the requester:
Aon Corporation
Aon Center
200 East Randolph Street
Chicago, Illinois
Attention: Office of the Secretary
Telephone: (312) 381-1000
THE OFFERING
This prospectus relates to certain shares of Common
Stock acquired upon the vesting of an inducement restricted stock unit award to
the Selling Stockholder without payment therefor. This prospectus may also be
used by the Selling Stockholder's donees, pledgees, transferees or other
successors in interest.
RISK FACTORS
The following are risks related to our business and
the insurance industry.
Our results may fluctuate due to many factors,
including cyclical or permanent changes in the insurance and reinsurance
industries.
Our results historically have been subject to
significant fluctuations arising from uncertainties and changes in the
insurance industry. Changes in premium rates affect not only the potential
profitability of our underwriting businesses but also generally affect the
commissions and fees payable to our brokerage businesses. In addition,
insurance industry developments that can significantly affect our financial
performance include factors such as:
·
rising levels of actual costs that are not known by
companies at the time they price their products
·
volatile and unpredictable developments, including
weather-related and other natural and man-made catastrophes, including acts of
terrorism
·
changes in levels of capacity and demand, including
reinsurance capacity
·
changes in reserves resulting from the general claims
and legal environments as different types of claims arise and judicial
interpretations relating to the scope of insurers' liabilities develop
2
·
changes in business practices and business
compensation models.
Our results may be adversely affected by changes in
the mode of compensation in the insurance industry.
Since the Attorney General of New York brought charges
against one of our competitors in October 2004, there has been a great deal of
uncertainty concerning then-longstanding methods of compensating insurance
brokers.  Soon after the Attorney General
brought those charges, Aon and certain other large insurance brokers announced
that they would terminate contingent commission arrangements with
underwriters.  Most insurance brokers,
however, currently continue to enter into such arrangements, regulators have
not taken action to end such arrangements throughout the industry, and thus it
is unclear at this time whether other brokers will continue to accept
contingent commissions.  Because of this
uncertainty, there is no assurance that we will be able to compete successfully
against brokers who have not terminated contingent commission arrangements.
We face significant competitive pressures in each
of our businesses.
We believe that competition in our lines of business
is based on service, product features, price, commission structure, financial
strength, claims-paying ability ratings and name recognition. In particular, we
compete with a large number of national, regional and local insurance companies
and other financial services providers and brokers.
Some of our underwriting competitors have penetrated
more markets and offer a more extensive portfolio of products and services and
have more competitive pricing than we do, which can adversely affect our
ability to compete for business. Some underwriters also have higher
claims-paying ability ratings and greater financial resources with which to
compete and are subject to less government regulation than our underwriting
operations.
We encounter strong competition for both clients and
professional talent in our insurance brokerage and risk management services
operations from other insurance brokerage firms which also operate on a
nationwide or worldwide basis, from a large number of regional and local firms
throughout the world, from insurance and reinsurance companies that market and
service their insurance products without the assistance of brokers or agents
and from other businesses, including commercial and investment banks,
accounting firms and consultants that provide risk-related services and
products. Our consulting operations compete with independent consulting firms
and consulting organizations affiliated with accounting, information systems,
technology and financial services firms around the world.
In addition, the increase in competition due to new
legislative or industry developments could adversely affect us. These
developments include:
·
an increase in capital-raising by insurance
underwriting companies, which could result in new entrants to our markets and
an influx of capital into the industry;
·
the selling of insurance by insurance companies
directly to insureds;
·
changes in our business compensation model as a result
of regulatory investigations;
·
the establishment of programs in which state-sponsored
entities provide property insurance in catastrophe prone areas or other
alternative markets types of coverage; and
·
additional regulations promulgated by the FSA in the
U.K., or other regulatory bodies in jurisdictions in which we operate.
New competition as a result of these developments
could cause the supply of, and demand for, our products and services to change,
which could adversely affect our results of operations and financial condition.
We may not realize all of the expected benefits
from our 2005 restructuring plan.
In third quarter 2005, we announced that we were
reviewing the revenue potential and cost structure of each of our businesses.  As a result of this review, we have adopted
restructuring initiatives that are expected to result in the elimination of
approximately 3,600 employee positions, the closing of various offices, asset
impairments and other expenses necessary to implement these initiatives.  We currently expect that the restructuring
plan will result in cumulative pretax charges of $365 million.  The objective of the restructuring and other
business reorganization
3
initiatives is to improve our profitability through
operational efficiency.  We anticipate
that our annualized savings will be approximately $280 million by 2008.  We cannot assure that we will achieve the
targeted savings.
A decline in the financial strength or
claims-paying ability ratings of our insurance underwriting subsidiaries may
increase policy cancellations and negatively impact new sales of insurance
products.
Financial strength and claims-paying ability ratings
have become increasingly important factors in establishing the competitive
position of insurance companies. These ratings are based upon criteria
established by the rating agencies for the purpose of rendering an opinion as
to an insurance company's financial strength, operating performance, strategic
position and ability to meet its obligations to policyholders. They are not
evaluations directed toward the protection of investors, nor are they
recommendations to buy, sell or hold specific securities. Periodically, the
rating agencies evaluate our insurance underwriting subsidiaries to confirm that
they continue to meet the criteria of the ratings previously assigned to them.
A downgrade, or the potential for a downgrade, of these ratings could, among
other things, increase the number of policy cancellations, adversely affect
relationships with brokers, retailers and other distributors of our products
and services, negatively impact new sales and adversely affect our ability to
compete.
Combined Insurance Company of America, the principal
insurance subsidiary that underwrites our specialty accident and health
insurance business, is currently rated "A" (excellent; third highest of 16
rating levels) by A.M. Best Company, "A-" (strong; third highest of nine rating
levels) for financial strength by S&P and "A3" (good; third highest of nine
rating levels) for financial strength by Moody's Investors Service. We cannot
assure that one or more of the rating agencies will not downgrade or withdraw
their financial strength or claims-paying ability ratings in the future.
Changes in interest rates and investment prices
could reduce the value of our investment portfolio and adversely affect our
financial condition or results.
Our insurance underwriting subsidiaries own a
substantial investment portfolio of fixed-maturity and equity and other
long-term investments. As of June 30, 2007, our fixed-maturity investments
(approximately 100% was investment grade) had a carrying value of $2.9 billion,
our equity investments had a carrying value of $39 million and our other
long-term investments and limited partnerships had a carrying value of $333
million. Funds held on behalf of clients, which were $3.5 billion at June 30,
2007, are held in short-term investments. 
Changes in interest rates and investment prices could reduce the value
of our investment portfolio and adversely affect our financial condition or
results.
For example, changes in domestic and international
interest rates directly affect our income from, and the market value of,
fixed-maturity investments. Similarly, general economic conditions, stock
market conditions and other factors beyond our control affect the value of our
equity investments. We monitor our portfolio for other-than-temporary
impairments in carrying value. For securities judged to have an
other-than-temporary impairment, we recognize a realized loss through the
statement of income to write down the value of those securities.
In 2006, we recognized impairment losses of $2
million.  We cannot assure that we will
not have to recognize additional impairment losses in the future, which would
negatively affect our financial results.
In 2001, our two major insurance companies sold the
vast majority of their limited partnership portfolio, valued at $450 million,
to Private Equity Partnership Structures I, LLC ("PEPS I"), a qualifying
special purpose entity.  The common stock
interest in PEPS I is held by a limited liability company which is owned by one
of our subsidiaries (49%) and by a charitable trust, which is not controlled by
us, established for victims of the September 11, 2001 attacks (51%). Approximately
$171 million of investment grade fixed-maturity securities were sold by
PEPS I to unaffiliated third parties. PEPS I then paid our insurance
underwriting companies the $171 million in cash and issued to them an
additional $279 million in fixed-maturity and preferred stock securities. The
fixed-maturity securities our insurance underwriting companies received from
PEPS I are rated as investment grade by S&P.
4
As part of this transaction, Aon is required to
purchase from PEPS I additional fixed-maturity securities in an amount equal to
the unfunded limited partnership commitments, as they are requested.  As of June 30, 2007, these unfunded
commitments amounted to $44 million.
Although the PEPS I transaction has reduced the
reported earnings volatility historically associated with directly owning
limited partnership investments, it will not eliminate our risk of future
losses. For instance, we must analyze our preferred stock and fixed-maturity
interests in PEPS I for other-than-temporary impairment, based on the valuation
of the limited partnership interests held by PEPS I and recognize an impairment
loss if necessary. We cannot assure that we will not have to recognize
impairment losses with respect to our PEPS I interests in the future.
Our net pension liabilities may grow, which could
adversely affect our stockholders' equity, net income, cash flow and liquidity
and require us to make additional cash contributions to our pension plans.
To the extent that the present value of the benefits
incurred to date for pension obligations in the major countries in which we
operate continue to exceed the market value of the assets supporting these
obligations, our financial position and results of operations may be adversely
affected.  In certain previous years,
there have been declines in interest rates.   
As a result of lower interest rates, the present value of plan
liabilities increased faster than the present value of plan assets, resulting
in significantly higher unfunded positions in several of our major pension
plans.
Cash contributions of approximately $197 million will
be required in 2007 for our major pension plans, although we may elect to
contribute more.  Total cash
contributions to these major defined benefit pension plans in 2006 were $185
million.  We also contributed $166
million of non-cash financial instruments to certain of our U.K. plans.  Our total contribution, $351 million, was a
decrease of $112 million from 2005. 
Future estimates are based on certain assumptions, including discount rates,
interest rates, fair value of assets for some of our plans and expected return
on plan assets. We are currently taking actions to manage our pension
liabilities, including closing certain plans to new participants.  In November 2006, we announced proposed
changes to our U.S. and U.K. defined benefit pension plans.  Changes to the plans will not affect pension
plan benefits earned by participants prior to the effective date of the
changes.  Effective January 1, 2007,
future benefits in the Company's U.S. defined benefit pension plan will be
calculated based on a "career average pay" formula instead of a "final average
pay" formula.  For our U.K. defined
benefit pension plans, the Company is proposing, subject to trustee approval
and member consultation, to cease crediting future benefits relating to salary
and service.
In addition to the critical assumptions described
above, all plans use certain assumptions about the life expectancy of plan
participants and surviving spouses. 
Periodic revision of those assumptions can materially change the present
value of future benefits, and therefore the funded status of the plans and the
resulting periodic pension expense. 
Changes in our pension benefit obligations and the related net periodic
costs or credits may occur in the future due to any variance of actual results
from our assumptions and changes in the number of participating employees. As a
result, there can be no assurance that we will not experience future decreases
in stockholders' equity, net income, cash flow and liquidity or that we will
not be required to make additional cash contributions in the future beyond
those which have been estimated.
We are subject to a number of contingencies and
legal proceedings which, if determined unfavorably to us, would adversely
affect our financial results.
We are subject to numerous claims, tax assessments,
lawsuits and proceedings that arise in the ordinary course of business.  The damages claimed in these matters are or
may be substantial, including, in many instances, claims for punitive, treble
or extraordinary damages.  It is possible
that, if the outcomes of these contingencies and legal proceedings were not
favorable to us, it could materially adversely affect our future financial
results.  In addition, our results of
operations, financial condition or liquidity may be adversely affected if in
the future our insurance coverage proves to be inadequate or unavailable or
there is an increase in liabilities for which we self-insure.  Aon has purchased errors and omissions ("E&O")
insurance and other appropriate insurance to provide protection against losses
that arise in such matters.  Accruals for
these items, and related insurance receivables, when applicable, have been
provided to the extent that losses are deemed probable and are reasonably
estimable.  These accruals and
receivables are adjusted from time to time as developments warrant.
5
In 2004, Aon, other insurance brokers, insurers and
numerous other industry participants received subpoenas and other requests for
information from the office of the Attorney General of the State of New York
and from other states relating to certain practices in the insurance industry.
On March 4, 2005, Aon entered into an agreement (the "Settlement
Agreement") with the Attorney General of the State of New York, the
Superintendent of Insurance of the State of New York, the Attorney General of
the State of Connecticut, the Illinois Attorney General and the Director of the
Division of Insurance, Illinois Department of Financial and Professional
Regulation (collectively, the "State Agencies") to resolve all the issues
related to investigations conducted by the State Agencies.
As has been described in detail in Aon's previous
financial filings, the Settlement Agreement required Aon to pay between
2005-2007 a total of $190 million into a fund (the "Fund") to be distributed to
certain Eligible Policyholder clients and to implement certain business
reforms.  The Settlement Agreement set
forth the procedures under which Aon mailed notices to its Eligible
Policyholder clients and distributed the Fund to Participating Policyholder
clients.
Purported clients have also filed civil litigation
against Aon and other companies under a variety of laws and legal theories
relating to broker compensation practices and other issues under investigation
by New York and other states.  As
previously reported, a putative class action styled
Daniel v.
Aon (Affinity)
has been pending in the Circuit Court of Cook County,
Illinois since August 1999.  In March
2005, the Court gave preliminary approval to a nationwide class action
settlement under which Aon agreed to pay a total of $38 million to its
policyholders.  The Court granted final
approval to the settlement in March 2006. 
Parties that objected to the settlement have appealed.
Beginning in June 2004, a number of other putative
class actions were filed against Aon and other companies by purported classes
of clients under a variety of legal theories, including state tort, contract,
fiduciary duty, antitrust and statutory theories and federal antitrust and
Racketeer Influenced and Corrupt Organizations Act ("RICO") theories.  These actions are currently pending in state
court in California and in federal court in New Jersey.  In the New Jersey federal class actions, the
Court on April 5, 2007 dismissed, without prejudice, the plaintiffs' federal
antitrust and RICO claims.  The Court
granted plaintiffs one opportunity to replead their claims, and Aon and other
defendants have moved to dismiss the new complaints.  Aon believes it has meritorious defenses in
all of these cases and intends to vigorously defend itself against these
claims.  The outcome of these lawsuits,
and any losses or other payments that may occur as a result, cannot be
predicted at this time.
Beginning in late October 2004, several putative
securities class actions were filed against Aon in the U.S. District Court for
the Northern District of Illinois.  Also
beginning in late October 2004, several putative ERISA class actions were filed
against Aon in the U.S. District Court for the Northern District of
Illinois.  Aon believes it has
meritorious defenses in all of these cases and intends to vigorously defend
itself against these claims.  The outcome
of these lawsuits, and any losses or other payments that may occur as a result,
cannot be predicted at this time.
With respect to the various securities and ERISA class
actions, we are unable to estimate a range of possible losses, as these actions
have not yet progressed to the stages where damages can be estimated.
Although the ultimate outcome of all matters referred
to above cannot be ascertained, and liabilities in indeterminate amounts may be
imposed on Aon or its subsidiaries, on the basis of present information,
amounts already provided, availability of insurance coverages and legal advice
received, it is the opinion of management that the disposition or ultimate
determination of such claims will not have a material adverse effect on the
consolidated financial position of Aon. 
However, it is possible that future results of operations or cash flows
for any particular quarterly or annual period could be materially affected by
an unfavorable resolution of these matters.
We are subject to increasing costs arising from
E&O claims against us.
In our insurance brokerage and consulting businesses,
we often assist our clients with matters which include the placement of
insurance coverage or employee benefit plans and the handling of related
claims. E&O claims against us may allege our potential liability for all or
part of the amounts in question. E&O claims could include, for example, the
failure of our employees or sub-agents, whether negligently or intentionally,
to place coverage correctly or notify carriers of claims on behalf of clients
or to provide insurance carriers with complete and accurate
6
information relating to the risks being insured. It is
not always possible to prevent and detect errors and omissions, and the
precautions we take may not be effective in all cases. In addition, E&O
claims may harm our reputation or divert management resources away from
operating our business.
Our success depends, in part, on our ability to
attract and retain experienced and qualified personnel.
Our future success depends on our ability to attract
and retain experienced personnel, including underwriters, brokers and other
professional personnel. Competition for such experienced professional personnel
is intense. If we cannot hire and retain talented personnel, our business,
operating results and financial condition could be adversely affected.
Our businesses are subject to extensive
governmental regulation which could reduce our profitability or limit our
growth.
Our businesses are subject to extensive federal, state
and foreign governmental regulation and supervision, which could reduce our
profitability or limit our growth by increasing the costs of regulatory
compliance, limiting or restricting the products or services we sell or the
methods by which we sell our products and services or subjecting our businesses
to the possibility of regulatory actions or proceedings. With respect to our
insurance brokerage businesses, this supervision generally includes the
licensing of insurance brokers and agents and third-party administrators and
the regulation of the handling and investment of client funds held in a
fiduciary capacity. Our continuing ability to provide insurance brokering and
third-party administration in the jurisdictions in which we currently operate
depends on our compliance with the rules and regulations promulgated from time
to time by the regulatory authorities in each of these jurisdictions. Also, we
can be affected indirectly by the governmental regulation and supervision of
other insurance companies. For instance, if we are providing managing general
underwriting services for an insurer, we may have to contend with regulations
affecting our client. Further, regulation affecting the insurance companies
with whom our brokers place business can affect how we conduct those
operations.
Most insurance regulations are designed to protect the
interests of policyholders rather than stockholders and other investors. In the
U.S., this system of regulation, generally administered by a department of
insurance in each state in which we do business, affects the way we can conduct
our insurance underwriting business. Furthermore, state insurance departments
conduct periodic examinations of the affairs of insurance companies and require
the filing of annual and other reports relating to the financial condition of
insurance companies, holding company issues and other matters.
Although the federal government does not directly
regulate the insurance business, federal legislation and administrative
policies in several areas, including employee benefit plan regulation, age,
race, disability and sex discrimination, investment company regulation,
financial services regulation, securities laws and federal taxation, do affect
the insurance industry generally and our insurance underwriting subsidiaries in
particular.  One of our subsidiaries,
Sterling Life Insurance Company ("Sterling"), provides individual health care
coverage to seniors in the United States. 
Sterling's ability to enroll people into its health plans, and the terms
and conditions of these plans, are subject to federal laws and various
regulations promulgated by the Centers for Medicare and Medicaid Services ("CMS").  Prior to July 2006, Sterling was authorized
to market and enroll beneficiaries within Medicare Advantage products
year-round, but that authorization was due to expire.  Federal legislation that passed in late 2006
extended year-round enrollment (through 2008) for certain health plans like
those marketed by Sterling.  In July of
2007, that legislation was repealed. Accordingly, beginning on August 1, 2007,
Sterling and all other Medicare Advantage plans no longer generally have the
ability to enroll beneficiaries within their plans all year long.
Moreover, on June 15, 2007, Sterling voluntarily
agreed, upon CMS's request of Sterling and other Medicare Advantage private fee
for service ("PFFS") providers, to temporarily suspend marketing activities of
non-group, individual PFFS plans effective June 22, 2007. Sterling is
continuing its cooperative work with CMS to gain approval that Sterling's
systems and management controls meet all of the conditions specified by
CMS.  Although we do not anticipate
revenue declining as a result of the recent repeal of all year open enrollment
and the voluntary commitment to CMS to suspend marketing, these events may have
an adverse impact on Sterling's revenue growth opportunity, or at least the
consistency of this growth, throughout the year.
7
With respect to Sterling, a substantial risk exists
that the current Congress may pass legislation to reduce reimbursement for PFFS
and Medicare Advantage plans and impose new regulatory burdens upon the
industry beginning as early as 2009. Reductions in reimbursement may adversely
affect Sterling's revenue and profitability. At this time, it is difficult to
quantify the level of risk to PFFS plans and Sterling because the House and
Senate of Congress will have to reconcile their competing bills and President
Bush has threatened to veto the legislation.
With respect to our international operations, we are
subject to various regulations relating to, among other things, licensing,
currency, policy language and terms, reserves and the amount of local
investment. These various regulations also add to our cost of doing business
through increased compliance expenses, the financial impact of use of capital
restrictions and increased training and employee expenses. Furthermore, the
loss of a license in a particular jurisdiction could restrict or eliminate our
ability to conduct business in that jurisdiction.
In all jurisdictions the applicable laws and
regulations are subject to amendment or interpretation by regulatory
authorities. Generally, such authorities are vested with relatively broad
discretion to grant, renew and revoke licenses and approvals and to implement
regulations. Accordingly, we may be precluded or temporarily suspended from
carrying on some or all of our activities or otherwise fined or penalized in a
given jurisdiction. No assurances can be given that our businesses can continue
to be conducted in any given jurisdiction as they have been in the past.
Our significant global operations expose us to
various international risks that could adversely affect our business.
A significant portion of our operations are conducted
outside the U.S.  Accordingly, we are
subject to legal, economic and market risks associated with operating in
foreign countries, including:
·
the general economic and political conditions existing
in those countries
·
imposition of limitations on conversion of foreign
currencies or remittance of dividends and other payments by foreign
subsidiaries
·
imposition or increase of withholding and other taxes
on remittances and other payments by subsidiaries
·
hyperinflation in certain foreign countries
·
imposition or increase of investment and other
restrictions by foreign governments
·
longer payment cycles
·
greater difficulties in accounts receivables
collection
·
the requirement of complying with a wide variety of
foreign laws.
Some of our foreign brokerage subsidiaries receive
revenues in currencies that differ from their functional currencies. We must
also translate the financial results of our foreign subsidiaries into U.S.
dollars. Although we use various derivative financial instruments to help
protect against adverse transaction and translation effects due to exchange
rate fluctuations, we cannot eliminate such risks and significant changes in
exchange rates may adversely affect our results.
Our financial results could be adversely affected
if assumptions used in establishing our underwriting reserves differ from
actual experience.
We maintain reserves as an estimate of our liability
under insurance policies issued by our insurance underwriting subsidiaries. The
reserves that we maintain that could cause variability in our financial results
consist of (1) unearned premium reserves, (2) policy and contract claim
reserves and (3) future policy benefit reserves. Unearned premium reserves generally
reflect our liability to return premiums we have collected under policies in
the event of the lapse or cancellation of those policies. Under U.S. GAAP,
premiums we have collected generally become "earned" over the life of a policy
by means of a reduction in the amount of the unearned premium reserve
associated with the policy.
Policy and contract claim reserves reflect our
estimated liability for unpaid claims and claims adjustment expenses, including
legal and other fees and general expenses for administering the claims
adjustment process and for reported and unreported losses incurred as of the
end of each accounting period. If the reserves originally established for
future claims prove inadequate, we would be required to increase our liabilities,
which could have an adverse effect on our business, results of operations and
financial condition.
8
The obligation for policy and contract claims does not
represent an exact calculation of liability. Rather, reserves represent our
best estimate of what we expect the ultimate settlement and administration of
claims will cost. These estimates represent informed judgments based on our
assessment of currently available data, as well as estimates of future trends
in claims severity, frequency, judicial theories of liability and other
factors. Many of these factors are not quantifiable in advance and both
internal and external events, such as changes in claims handling procedures,
inflation, judicial and legal developments and legislative changes, can cause
our estimates to vary. The inherent uncertainty of estimating reserves is
greater for certain types of liabilities, where the variables affecting these
types of claims are subject to change and long periods of time may elapse
before a definitive determination of liability is made. Reserve estimates are
periodically refined as experience develops and further losses are reported and
settled. Adjustments to reserves are reflected in the results of the periods in
which such estimates are changed. Because setting the level of reserves for
policy and contract claims is inherently uncertain, we cannot assure that our
current reserves will prove adequate in light of subsequent events.
Future policy benefit reserves generally reflect our
liability to provide future life insurance benefits and future accident and
health insurance benefits on guaranteed renewable and non-cancelable policies.
Future policy benefit reserves on accident & health and life products have
been provided on the net level premium method. These reserves are calculated
based on assumptions as to investment yield, mortality, morbidity and
withdrawal rates that were determined at the date of issue and provide for
possible adverse deviations.
Each of our business lines may be adversely
affected by an overall decline in economic activity.
The demand for property and casualty insurance
generally rises as the overall level of economic activity increases and
generally falls as such activity decreases, affecting both the commissions and
fees generated by our brokerage and consulting businesses and the premiums
generated by our underwriting businesses. In particular, a growing number of
insolvencies associated with an economic downturn, especially insolvencies in
the insurance industry, could adversely affect our brokerage business through
the loss of clients or by hampering our ability to place insurance and
reinsurance business. Moreover, the results of our consulting business are
generally affected by the level of business activity of our clients, which in
turn is affected by the level of economic activity in the industries and
markets these clients serve. As our clients become adversely affected by
declining business conditions, they may choose to delay or forgo consulting
engagements with us.
We have debt outstanding that could adversely
affect our financial flexibility.
As of June 30, 2007, we had total consolidated debt
outstanding of approximately $2.2 billion. 
This amount of debt outstanding could adversely affect our financial
flexibility.
A decline in the credit ratings of our senior debt
and commercial paper may adversely affect our borrowing costs and financial
flexibility.
A downgrade in the credit ratings of our senior debt
and commercial paper would increase our borrowing costs and reduce our
financial flexibility. In addition, certain downgrades may trigger obligations
of our company to fund certain amounts with respect to our premium finance
securitizations.  Similarly, a downgrade
would increase our commercial paper interest rates or may result in our
inability to access the commercial paper market altogether.  We cannot assume that our financial position
would not be adversely affected if we are unable to access the commercial paper
market.  A downgrade in the credit
ratings of our senior debt may also adversely affect the claims-paying ability
or financial strength ratings of our insurance company subsidiaries. See the
risk factor "A decline in the financial strength or claims-paying ability
ratings of our insurance underwriting subsidiaries may increase policy
cancellations and negatively impact new sales of insurance products" above.
Recent and proposed accounting rule changes could
negatively affect our financial position and results.
From time to time, the Financial Accounting Standards
Board ("FASB") considers accounting rule changes.  Whether these proposals will become final
rules are uncertain, as is their final content. 
However, if enacted, these proposals could negatively affect our
financial position and results of operations.
9
We are a holding company and, therefore, may not be
able to receive dividends in needed amounts from our subsidiaries.
Our principal assets are the shares of capital stock
of our subsidiaries, including our insurance underwriting companies. We have to
rely on dividends from these subsidiaries to meet our obligations for paying
principal and interest on outstanding debt obligations and for paying dividends
to stockholders and corporate expenses. Payments from our underwriting
subsidiaries are limited by governmental regulation and depend on the surplus
and future earnings of these subsidiaries. In some circumstances, specific
payments from our insurance underwriting subsidiaries may require prior
regulatory approval and we may not be able to receive dividends from these subsidiaries
at times and in the amounts we anticipate or require.
We cannot guarantee that our underwriting
subsidiaries' reinsurers or our reinsurers of our property and casualty
business will pay in a timely fashion, if at all.
To better manage our portfolio of underwriting risk,
we purchase reinsurance by transferring part of the risk that we assume (known
as ceding) to a reinsurance company in exchange for part of the premium that we
receive in connection with the risk. Although reinsurance makes the reinsurer
liable to us to the extent the risk is transferred (or ceded) to the reinsurer,
it does not relieve us of our liability to our policyholders. Accordingly, we
bear credit risk with respect to our reinsurers. Recently, due to industry and
general economic conditions, there is an increasing risk of insolvency among
reinsurance companies, resulting in a greater incidence of litigation and
affecting the recoverability of claims. We cannot assure that our reinsurers
will pay the reinsurance recoverables owed to us or that they will pay these
recoverables on a timely basis.
In connection with the sale of Aon Warranty Group ("AWG")
on November 30, 2006, Aon sold the capital stock of Virginia Surety Company,
Inc. ("VSC").  Because VSC issued
property and casualty policies, VSC continues to remain liable to property and
casualty policyholders.  However,
pursuant to contractual arrangements entered into as part of the sale of AWG,
we have agreed to indemnify the buyer of VSC for all obligations arising out of
the property and casualty business, including any failure by reinsurers to meet
their obligations with respect to the property and casualty business.  We have also agreed to guaranty amounts owed
by reinsurers in respect of CPG business issued prior to the closing of that
transaction.  If reinsurers fail to pay
the reinsurance recoverables owed to VSC with respect to the property and
casualty business (including with respect to CPG business) or do not pay on a
timely basis, we will be responsible for these amounts.
The volume of premiums we write and our
profitability are affected by the availability of reinsurance and the size and
adequacy of our insurance company subsidiaries' capital base.
The level of business that our insurance underwriting
subsidiaries are able to write depends on the size and adequacy of their
capital base. Many state insurance laws to which they are subject impose
risk-based capital requirements for purposes of regulating insurer solvency.
Insurers having less statutory surplus than that required by the risk-based
capital model formula generally are subject to varying degrees of regulatory
scrutiny and intervention depending on the level of capital inadequacy. As of June
30, 2007, each of our insurance company subsidiaries substantially exceeded
NAIC risk-based statutory surplus requirements.
We purchase reinsurance for certain of the risks
underwritten by our insurance company subsidiaries. Market conditions beyond
our control determine the availability and cost of the reinsurance protection
we purchase, which may affect the level of business we are able to write and
our profitability. We cannot assure that we will be able to maintain our
current reinsurance facilities or that we can obtain other reinsurance
facilities in adequate amounts and at favorable rates. If we are unable to
renew our expiring facilities or to obtain new reinsurance facilities, either
our net exposures would increase or, if we are unwilling to bear an increase in
net exposures, we would have to reduce the level of our underwriting
commitments. Either of these potential developments could adversely affect our
underwriting business.
In connection with the implementation of our
corporate strategy, we face certain risks associated with the acquisition or
disposition of businesses.
10
In pursuing our corporate strategy, we may acquire
other businesses or dispose of or exit businesses we currently own.  The success of this strategy is dependent
upon our ability to identify appropriate acquisition and disposition targets, negotiate
transactions on favorable terms and ultimately complete such transactions.  If acquisitions are made, there can be no
assurance that we will realize the anticipated benefits of such acquisitions,
including revenue growth, operational efficiencies or expected synergies.  In addition, we may not be able to integrate
acquisitions successfully into our existing business, and we could incur or
assume unknown or unanticipated liabilities or contingencies, which may impact
our results of operations.  If we dispose
of or otherwise exit certain businesses, there can be no assurance that we will
not incur certain disposition-related charges, or that we will be able to
reduce overhead related to the divested assets.
USE OF PROCEEDS
We will not receive any
proceeds
from the sale of the shares of the common stock of
Aon, par value $1.00 per share (the "Common Stock"), pursuant to this
prospectus. All proceeds from the sale of the Common Stock pursuant to this
prospectus will be made for the account of Gregory C. Case (the "Selling
Stockholder"), as described below.
SELLING STOCKHOLDER
The following table sets forth the name and
relationship to Aon of the Selling Stockholder, and the information with
respect to the number of shares of Common Stock beneficially owned by the
Selling Stockholder and as adjusted to give effect to the sale of the shares
that may be offered pursuant to this prospectus. Because the Selling
Stockholder may from time to time offer all or some of the shares pursuant to
this offering or may otherwise acquire or dispose of shares held by him, we
cannot estimate the number of the shares that will be held by the Selling
Stockholder after completion of this offering. However, for purposes of the
table below, we have assumed that (i) after completion of this offering, none
of the shares covered by this prospectus as of the date of this prospectus will
be held by the Selling Stockholder and (ii) the Selling Stockholder continues
to beneficially own the same number of shares that he beneficially owned prior
to this offering, less the number of shares sold in the offering.
Name of Selling
Stockholder
Relationship to Aon
Corporation Since
January 2003
Number of Shares
Owned Prior to this
Offering
Number of Shares
Being Offered
Number of Shares
Owned After this
Offering
Gregory C. Case
President and Chief Executive Officer(1)
379,748
125,000 (2)
363,519
(1) The Selling Stockholder's employment with Aon
commenced in April of 2005.
(2) The restricted stock unit award granted to the
Selling Stockholder of 125,000 shares of Common Stock vests in four
installments of 12,500 shares on each of April 3, 2006, 2007, 2008 and 2009 and
in a final installment of 75,000 shares on April 3, 2010.  Of the 125,000 shares of Common Stock
underlying the restricted stock unit award, 25,000 shares have vested pursuant
to such award as of the date of this prospectus.
Pursuant to Rule 416 under the Securities Act, the
registration statement of which this prospectus is a part also covers any
additional shares of Common Stock which become issuable in connection with the
shares identified in the table above through any stock dividend, stock split,
recapitalization or other similar transaction effected without the receipt of
consideration, which results in an increase in the number of outstanding shares
of Common Stock.
As of June 30, 2007, there were 292,776,483 shares
of Common Stock issued and outstanding.
PLAN OF DISTRIBUTION
As used in this prospectus, "Selling Stockholder" includes
the Selling Stockholder named above and his donees, pledgees, transferees or
other successors in interest selling shares received from named Selling
Stockholder as a gift,
11
partnership distribution or other non-sale-related
transfer after the date of this prospectus. We have been advised that the
Selling Stockholder may effect sales of the shares of Common Stock directly, or
indirectly by or through underwriters, agents or broker-dealers, and that the
shares of Common Stock may be sold by one or a combination of several of the
following methods:
·
one or more block
transactions, in which the broker or dealer so engaged will attempt to sell the
shares of Common Stock as agent but may position and resell a portion of the
block as principal to facilitate the transaction, or in crosses, in which the
same broker acts as an agent on both sides of the trade;
·
purchases by a
broker-dealer or market maker, as principal, and resale by the broker-dealer
for its account;
·
ordinary brokerage
transactions or transactions in which a broker solicits purchases;
·
on the New York
Stock Exchange or on any other national securities exchange or quotation
service on which our Common Stock may be listed or quoted at the time of the
sale;
·
in the
over-the-counter market;
·
through the
writing of options, whether the options are listed on an options exchange or
otherwise;
·
through
distributions to creditors and equity holders of the Selling Stockholder; or
·
any combination of the foregoing, or any other available means allowable
under applicable law.
We will bear all costs, expenses and fees in
connection with the registration and sale of the Common Stock covered by this
prospectus, other than underwriting discounts and selling commissions. We will
not receive any proceeds from the sale of the shares of our Common Stock
covered hereby. The Selling Stockholder will bear all commissions and
discounts, if any, attributable to sales of the shares. The Selling Stockholder
may agree to indemnify any broker-dealer or agent that participates in
transactions involving sales of the shares against certain liabilities,
including liabilities arising under the Securities Act.
The Selling Stockholder may sell the shares covered
by this prospectus from time to time, and may also decide not to sell all or
any of the shares he is allowed to sell under this prospectus. The Selling
Stockholder will act independently of us in making decisions regarding the
timing, manner and size of each sale. The Selling Stockholder may effect sales
by selling the shares directly to purchasers in individually negotiated
transactions, or to or through broker-dealers, which may act as agents or
principals. The Selling Stockholder may sell his shares at fixed prices, at
market prices prevailing at the time of sale, at prices related to such
prevailing market prices, at varying prices determined at the time of sale, or
at privately negotiated prices.
Additionally, the Selling Stockholder may engage in
hedging transactions with broker-dealers in connection with distributions of
shares or otherwise. In those transactions, broker-dealers may engage in short
sales of shares in the course of hedging the positions they assume with the
Selling Stockholder. The Selling Stockholder also may sell shares short and
redeliver shares to close out such short positions. The Selling Stockholder may
also enter into option or other transactions with broker-dealers which require
the delivery of shares to the broker-dealer. The broker-dealer may then resell
or otherwise transfer such shares pursuant to this prospectus. The Selling
Stockholder also may loan or pledge shares to a broker-dealer. The
broker-dealer may sell the shares so loaned or pledged pursuant to this
prospectus.
The Selling Stockholder may enter into derivative
transactions with third parties, or sell securities not covered by this
prospectus to third parties in privately negotiated transactions. If the
applicable prospectus supplement indicates, in connection with those
derivatives, the third parties may sell securities covered by this prospectus
and the applicable prospectus supplement, including in short sale transactions.
If so, the third party may use securities pledged by the Selling Stockholder or
borrowed from the Selling Stockholder or others to settle those sales or to
close out any related open borrowings of stock, and may use securities received
from the Selling Stockholder in settlement of those derivatives to close out
any related open borrowings of stock. The third party in such sale transactions
will be an underwriter and, if not identified in this prospectus, will be
identified in the applicable prospectus supplement (or a post-effective
amendment).
Broker-dealers or agents may receive compensation
in the form of commissions, discounts or concessions from Selling Stockholders.
Broker-dealers or agents may also receive compensation from the purchasers of
shares for whom they act as agents or to whom they sell as principals, or both.
Compensation as to a particular broker-dealer might be in excess of customary
commissions and will be in amounts to be negotiated in connection with
12
transactions involving shares. In effecting sales,
broker-dealers engaged by the Selling Stockholder may arrange for other
broker-dealers to participate in the resales.
In connection with sales of our Common Stock
covered hereby, the Selling Stockholder and any broker-dealers or agents and
any other participating broker-dealers who execute sales for the Selling
Stockholder may be deemed to be "underwriters" within the meaning of the
Securities Act. Accordingly, any profits realized by the Selling Stockholder
and any compensation earned by such broker-dealers or agents may be deemed to
be underwriting discounts and commissions. Because the Selling Stockholder may
be deemed to be an "underwriter" within the meaning of Section 2(11) of the
Securities Act, the Selling Stockholder will be subject to the prospectus
delivery requirements of that act. We will make copies of this prospectus (as
it may be amended or supplemented from time to time) available to the Selling
Stockholder for the purpose of satisfying the prospectus delivery requirements.
In addition, any shares of the Selling Stockholder covered by this prospectus
which qualify for sale pursuant to Rule 144 under the Securities Act may be sold
in open market transactions under Rule 144 rather than pursuant to this
prospectus.
The Selling Stockholder will be subject to
applicable provisions of Regulation M of the Securities Exchange Act of 1934
(the "Exchange Act") and the rules and regulations thereunder, which provisions
may limit the timing of purchases and sales of any of the shares of our Common
Stock by the Selling Stockholder. These restrictions may affect the
marketability of such shares.
In order to comply with applicable securities laws
of some states, the shares may be sold in those jurisdictions only through
registered or licensed brokers or dealers. In addition, in certain states the
shares may not be sold unless they have been registered or qualified for sale
in the applicable state or an exemption from the registration or qualification
requirements is available.
To the extent necessary, we may amend or supplement
this prospectus from time to time to describe a specific plan of distribution.
We will file a supplement to this prospectus, if required, upon being notified
by the Selling Stockholder that any material arrangement has been entered into
with a broker-dealer for the sale of shares through a block trade, special
offering, exchange distribution or secondary distribution or a purchase by a
broker or dealer. The supplement will disclose the name of the Selling
Stockholder and of the participating broker-dealer(s); the number of shares
involved; the price at which such shares were sold; the commissions paid or
discounts or concessions allowed to such broker-dealer(s), where applicable;
that such broker-dealer(s) did not conduct any investigation to verify the
information contained in or incorporated by reference in this prospectus; and
any other facts material to the transaction.
LEGAL MATTERS
The validity of the issuance of shares of the
Common Stock offered by this prospectus will be passed upon for us by Richard
E. Barry, Vice President and Deputy General Counsel of Aon.
As of the date hereof, Mr. Barry beneficially owns a
total of 47,684 shares of Common Stock, including options to purchase 36,000
shares of Common Stock that have vested or will vest within 60 days of the date
hereof and 1,498 shares of Common Stock pursuant to the Aon Savings Plan.
EXPERTS
The consolidated financial statements of Aon
appearing in Aon's Annual Report (Form 10-K) for the year ended December 31,
2006 (including schedules appearing therein) and Aon management's assessment of
the effectiveness of internal control over financial reporting as of December
31, 2006 included therein, have been audited by Ernst & Young LLP, an
independent registered public accounting firm, as set forth in their reports
thereon, included therein, and incorporated herein by reference. Such consolidated
financial statements and management's assessment are incorporated herein by
reference in reliance upon such reports given on the authority of such firm as
experts in accounting and auditing.
With respect to the unaudited condensed consolidated
interim financial information of Aon Corporation three-month periods ended
March 31, 2007 and March 31, 2006, incorporated by reference in this
Prospectus, Ernst & Young LLP reported that they have applied limited
procedures in accordance with professional standards for a review of such
information.  However, their separate
report dated May 4, 2007, included in Aon Corporation's Quarterly Report on
Form 10-Q for the quarter ended March 31, 2007, and incorporated by reference
herein, states that they did not audit and they do not express an opinion on
that interim financial information. Accordingly, the degree of reliance on
their report on such information should be restricted in light of the limited
nature of the review procedures applied. Ernst & Young LLP is not subject
to the liability provisions of Section 11 of the Securities Act of 1933 (the "Act")
for their report on the unaudited interim financial information because that
report is not a "report" or a "part" of the Registration Statement prepared or
certified by Ernst & Young LLP within the meaning of Sections 7 and 11 of
the Act.
13
Part II
Information Required in the Registration Statement
Item 3.
Incorporation of Documents by Reference
.
The following documents previously filed with the
Securities and Exchange Commission (the "
Commission
") (Commission file
number 1-7933) by Aon are incorporated herein by reference:
(a)
Annual Report on Form 10-K for the fiscal year ended
December 31, 2006;
(b)
Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2007 and June 30, 2007;
(c)
Current Reports
on Form 8-K (excluding any information furnished under Items 2.02 or 7.01
thereof) of the Company filed with the Commission on February 1, 2007, March 1,
2007, March 21, 2007, May 23, 2007, July 17, 2007, August 1, 2007 and August
15, 2007; and
(d)
The description of the Common Stock, $1.00 par value,
of the Company (the "
Common Stock
") contained in Item 12 of the
Registration Statement on Form 10 filed by the Company with the Commission
on February 19, 1980 (when the Company was known as Combined International
Corporation), and any amendment or report which the Company has filed (or will
file after the date of this Registration Statement and prior to the termination
of this offering) for the purpose of updating such description, including the
Company's Current Reports on Form 8-K dated April 23, 1987 and
May 9, 2000.
All documents filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the
date of this Registration Statement and prior to the filing of a post-effective
amendment to this Registration Statement which indicates that all securities
offered hereby have been sold or which deregisters all securities then
remaining unsold, are deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the respective dates of
filing of such documents (such documents, and the documents enumerated above,
being hereinafter referred to as "
Incorporated Documents
").
Any statement contained in
an Incorporated Document shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement
contained herein or in any subsequently filed Incorporated Document modifies or
supersedes such statement.  Any such
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities
.
Not applicable.
Item 5.
Interests of Named Experts and Counsel
The legality of the securities being registered and
offered hereby will be passed upon by Richard E. Barry, who is a Vice
President and Deputy General Counsel of the Company. As of the date hereof, Mr.
Barry beneficially owns a total of 47,684 shares of Common Stock, including
options to purchase 36,000 shares of Common Stock that have vested or will vest
within 60 days of the date hereof and 1,498 shares of Common Stock pursuant to
the Aon Savings Plan.
Item
6.
Indemnification of Directors and
Officers
.
The Company was organized
under the laws of the State of Delaware and is subject to the Delaware General
Corporation law. Delaware law provides that officers and directors may receive
indemnification from their corporations for certain actual or threatened
lawsuits. Delaware law sets out the standard of conduct that the officers and
directors must meet in order to be indemnified, the parties who are to
determine whether the standard has been
II-1
met and the types of
expenditures which will be indemnified. Delaware law further provides that a
corporation may purchase indemnification insurance, such insurance providing
indemnification for the officers and directors whether or not the corporation
would have the power to indemnify them against such liability under the
provisions of Delaware law.
The Company's Second
Restated Certificate of Incorporation, as amended, provides that it will
indemnify its officers and directors to the fullest extent permitted by
Delaware law.
In addition, the Company
maintains insurance coverage that provides reimbursement within the policy
limits for amounts it is obligated to pay arising out of lawsuits involving
officers and directors serving in such capacities in which the damages,
judgments, settlements, costs, charges or expenses incurred in connection with
the defense of the action, suit or proceeding are reimbursable pursuant to
Delaware law and the Company's Second Restated Certificate of Incorporation, as
amended.
Item 7.
Exemption from Registration Claimed
.
The 125,000 shares of
Common Stock being offered under the reoffer prospectus were exempt from
registration under the Securities Act as a transaction not involving any public
offering.
Item 8.
Exhibits
.
Exhibit Number
Description of Exhibit
4.1
Second Restated Certificate of Incorporation of the
  Company – incorporated by reference to Exhibit 3(a) to the Company's
  Annual Report on Form 10-K for the year ended December 31, 1991.
4.2
Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company – incorporated by reference to
  Exhibit 3 to the Company's Quarterly Report on Form 10-Q for the quarter
  ended March 31, 1994.
4.3
Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company – incorporated by reference to
  Exhibit 3 to the Company's Current Report on Form 8-K dated May 9,
  2000.
4.4
Amended Bylaws of the Company – incorporated by
  reference to Exhibit 3.2 to the Company's Current Report on Form 8-K
  filed on October 4, 2002.
4.5
Employment Agreement dated April 4, 2005 between
  the Registrant and Gregory C. Case – incorporated by reference to Exhibit 10.1
  to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31,
  2005.
*5
Opinion of Richard E. Barry, Vice President and
  Deputy General Counsel of the Company, as to the legality of the securities
  being registered.
*15
Letter re Unaudited Interim Financial Information
  from Ernst & Young LLP.
*23.1
Consent of Richard E. Barry (included in the opinion
  filed as Exhibit 5).
*23.2
Consent of Ernst & Young LLP.
*24
Powers of Attorney.
*
Filed herewith.
Item
9.
Undertakings
.
(a)           The
Company hereby undertakes:
(1)           To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
II-2
(i)            To include any prospectus required
by Section 10(a)(3) of the Securities Act;
(ii)           To reflect in the prospectus any
facts or events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in
the registration statement. 
Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the
maximum aggregate offering price set forth in the "Calculation of Registration
Fee" table in the effective registration statement; and
(iii)          To include any material information
with respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the
registration statement;
provided
,
however
,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if the information required to be included in a post-effective amendment by
those paragraphs is contained in reports filed with or furnished to the
Commission by the Company pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the registration statement.
(2)           That,
for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial
bona
fide
offering thereof;
(3)           To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(b)           The
Company hereby undertakes that, for purposes of determining any liability under
the Securities Act, each filing of the Company's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial
bona
fide
offering thereof.
(c)           Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been
advised that in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore,
unenforceable.  In the event that a claim
for indemnification against such liabilities (other than the payment by the
Company of expenses incurred or paid by a director, officer or controlling
person of the Company in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.
II-3
Signatures
Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Chicago, State of Illinois, on the 7th day of September, 2007.
AON CORPORATION
By:
/s/ Jennifer L. Kraft
Name:
Jennifer L. Kraft
Title:
Vice President, Associate General Counsel
and Secretary
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ Gregory C. Case
President and Chief Executive
September 7, 2007
Gregory C. Case
Officer (Principal Executive
Officer)
/s/ David P. Bolger
Executive Vice President and
September 7, 2007
David P. Bolger
Chief Financial Officer and
Chief Administrative Officer
(Principal Financial and
Accounting Officer)
*
Executive Chairman
September 7, 2007
Patrick G. Ryan
*
Director
September 7, 2007
Edgar D. Jannotta
*
Director
September 7, 2007
Jan Kalff
*
Director
September 7, 2007
Lester B. Knight
*
Director
September 7, 2007
J. Michael Losh
*
Director
September 7, 2007
R. Eden Martin
*
Director
September 7, 2007
Andrew J.
  McKenna
*
Director
September 7, 2007
Robert S.
  Morrison
*
Director
September 7, 2007
Richard B. Myers
*
Director
September 7, 2007
Richard C.
  Notebaert
*
Director
September 7, 2007
John W. Rogers,
  Jr.
*
Director
September 7, 2007
Gloria Santona
*
Director
September 7, 2007
Carolyn Y. Woo
By:
/s/Gregory C. Case
September 7, 2007
Gregory C. Case
Attorney-in-Fact
EXHIBIT INDEX
Exhibit Number
Description of Exhibit
4.1
Second Restated Certificate of Incorporation of the
  Company - incorporated by reference to Exhibit 3(a) to the Company's Annual
  Report on Form 10-K for the year ended December 31, 1991.
4.2
Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company - incorporated by reference to
  Exhibit 3 to the Company's Quarterly Report on Form 10-Q for the quarter
  ended March 31, 1994.
4.3
Certificate of Amendment of the Second Restated
  Certificate of Incorporation of the Company - incorporated by reference to
  Exhibit 3 to the Company's Current Report on Form 8-K dated May 9, 2000.
4.4
Amended Bylaws of the Company - incorporated by
  reference to Exhibit 3.2 to the Company's Current Report on Form 8-K filed on
  October 4, 2002.
4.5
Employment Agreement dated April 4, 2005 between the
  Registrant and Gregory C. Case - incorporated by reference to Exhibit 10.1 to
  the Company's Quarterly Report on Form 10-Q for the quarter ended March 31,
  2005.
*5
Opinion of Richard E. Barry, Vice President and
  Deputy General Counsel of the Company, as to the legality of the securities
  being registered.
*15
Letter re Unaudited Interim Financial Information
  from Ernst & Young LLP.
*23.1
Consent of Richard E. Barry (included in the opinion
  filed as Exhibit 5).
*23.2
Consent of Ernst & Young LLP.
*24
Powers of Attorney.
*
Filed herewith