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    <title>
      Form S-8
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    <div><a href="#Tableofcontents"><strong>Table of Contents</strong></a><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
        filed
        with the Securities and Exchange Commission on November 8, 2006 </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registration
        No. 333-</font></div>
      <div>
        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
        <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
        D.C. 20549</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#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;</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><strong>FORM
        S-8</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">REGISTRATION
        STATEMENT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNDER</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
        SECURITIES ACT OF 1933</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#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;
        </u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><img src="urslogo.jpg" alt=""></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><strong>URS
        CORPORATION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">(Exact
        name of registrant as specified in its charter)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="35%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Delaware</strong></font></div>
              </td>
              <td valign="top" width="13%">&#160;</td>
              <td valign="top" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 1.8pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>94-1381538</strong></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="35%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                  of Incorporation)</font></div>
              </td>
              <td valign="top" width="13%">&#160;</td>
              <td valign="top" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 1.8pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                  Employer Identification No.)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 54pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#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;</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>600
        Montgomery Street, 26</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup><strong>th</strong></sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>
        Floor</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>San
        Francisco, CA 94111-2728</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
        of principal executive offices)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#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;
        </u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Employee
        Stock Purchase Plan</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1999
        Equity Incentive Plan</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
        title of the plans)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>H.
        Thomas Hicks</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Vice
        President and Chief Financial Officer</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>URS
        Corporation</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>600
        Montgomery Street, 26</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup><strong>th</strong></sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>
        Floor</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>San
        Francisco, CA 94111-2728</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(415)
        774-2700</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Name,
        address, including zip code, and telephone number, including area code, of
        agent
        for service)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#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;</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Copies
        to:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Samuel
        M. Livermore, Esq.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Cooley
        Godward Kronish LLP</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>101
        California, 5</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup><strong>th</strong></sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>
        Floor</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>San
        Francisco, CA 94111-5800</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(415)
        693-2000</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>&#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;</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 18pt" align="justify">
        <div>
          <div>
            <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

                <tr>
                  <td align="left" valign="bottom" width="57%" style="border-bottom: black thin solid;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Title
                      of Securities to be Registered</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                  <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Amount
                      to be Registered(1)</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                  <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Offering
                      Price Per Share(2)</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                  <td colspan="2" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Aggregate
                      Offering Price(2)</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                </tr>
                <tr bgcolor="#cceeff">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Shares
                      of Common Stock reserved for grant under the 1999 Equity Incentive
                      Plan</font></div>
                  </td>
                  <td width="2%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>4,500,000</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>$</em></strong></font></div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>40.23</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font></div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>181,035,000</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Shares
                      of Common Stock reserved for issuance under the Employee Stock
                      Purchase
                      Plan</font></div>
                  </td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>2,400,000</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>$</em></strong></font></div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>40.23</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font></div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px">
                    </div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>96,552,000</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                </tr>
                <tr bgcolor="#cceeff">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Proposed
                      Maximum Aggregate Offering Price</font></div>
                  </td>
                  <td width="2%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font></div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>277,587,000</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registration
                      Fee</font></div>
                  </td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font></div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font><font id="TAB2" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; LETTER-SPACING: 9pt"></font>$
                      </em></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong><em>29,701.81</em></strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                </tr>

            </table>
          </div>
        </div>
      </div>
      <div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 31.5pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 31.5pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)
          </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amount
          of
          securities to be registered computed in accordance with Rule 457(h) promulgated
          under the Securities Act of 1933, with respect to the Registrant&#8217;s Common Stock
          issuable under the 1999 Equity Incentive Plan and the Employee Stock Purchase
          Plan. In addition, pursuant to Rule 416 under the Securities Act of 1933,
          this
          Registration Statement shall also cover any additional shares of Registrant&#8217;s
          Common Stock that become issuable under the 1999 Equity Incentive Plan
          and the
          Employee Stock Purchase Plan by reason of any stock dividend, stock split,
          recapitalization or any other similar transaction effected without the
          Registrant&#8217;s receipt of consideration that results in an increase in the number
          of the Registrant&#8217;s outstanding shares of Common Stock.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 31.5pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 31.5pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)
          The
          Proposed Maximum Offering Price Per Share and Proposed Maximum Aggregate
          Offering Price are estimated in accordance with Rule&#160;457(c) &amp; (h)
          promulgated under the Securities Act of 1933 solely for the purpose of
          calculating the amount of registration fee based on the average of the
          high and
          low prices per share of the Common Stock as reported on the New York Stock
          Exchange on November 3, 2006.</font></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
        <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
      </div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div style="WIDTH: 100%" align="left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          </div>
          <div id="GLFTR" style="WIDTH: 100%" align="center">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
            of Contents</a></em></strong></font></div>
          <div style="WIDTH: 100%" align="left">
          </div>
        </div>
      </div><br><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="gmnh000" href="#Tableofcontents"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PART
        I</strong></font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PROSPECTUS
        </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>URS
        CORPORATION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1,167,645
        Shares</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Common
        Stock</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div><br>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 180pt;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>The
                    Selling Stockholders:</strong></font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                    selling stockholders identified in this prospectus may sell up
                    to
                    1,167,645 shares of our common stock acquired or to be acquired
                    by them
                    pursuant to our employee benefit plans. We are not selling any
                    shares of
                    our common stock under this prospectus and will not receive any
                    of the
                    proceeds from the sale of shares by the selling stockholders.
                    </font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 180pt;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Offering
                    Price:</strong></font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                    selling stockholders may sell the shares of common stock described
                    in this
                    prospectus in a number of different ways and at varying prices.
                    We provide
                    more information about how they may sell their shares in the
                    section
                    titled &#8220;Plan of Distribution&#8221; on page 13.
</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 180pt;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Trading
                    Market:</strong></font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
                    common stock is listed on the New York Stock Exchange under the
                    symbol
                    &#8220;URS.&#8221; On November 8, 2006, the closing sale price of our common stock,
                    as
                    reported on the New York Stock Exchange, was $41.90.
                    </font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td style="width: 180pt;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Risks:</strong></font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Investing
                    in our common stock involves a high degree of risk. See &#8220;Risk Factors&#8221;
                    beginning on page&#160;3.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
        underwriter is being utilized in connection with this offering. We will bear
        the
        costs of registering the shares to be sold by the selling stockholders under
        the
        Securities Act.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        shares offered or sold under this prospectus have not been approved or
        disapproved by the Securities and Exchange Commission or any state securities
        commission, nor have these organizations determined that this prospectus
        is
        truthful or complete. Any representation to the contrary is a criminal offense.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>The
        date of this prospectus is November 8, 2006</strong></font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">1</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
            of
            Contents</a></em></strong></font></div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><strong><a name="Tableofcontents" href="#Tableofcontents">Table
          of
          Contents</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#Prospectus">PART
          I PROSPECTUS</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#RiskFactors">RISK
          FACTORS</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#USEOFPROCEEDS">USE
          OF PROCEEDS</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#SELLINGSTOCKHOLDERS">SELLING
          STOCKHOLDERS</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#PLANOFDISTRIBUTION">PLAN
          OF DISTRIBUTION</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#LEGALMATTERS">LEGAL
          MATTERS</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#WHEREYOUCANGETMOREINFOR">WHERE
          YOU CAN&#160;FIND MORE
          INFORMATION</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#WHEREYOUCANGETMOREINFOR"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INCORPORATION
          OF CERTAIN DOCUMENTS BY REFERENCE</strong></font></a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#PARTII">PART
          II</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a href="#ITEM3"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
          3. </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Incorporation
          of Documents by Reference</strong></font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a href="#ITEM5"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
          5.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Interests
          of Named Experts and Counsel</strong></font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a href="#item6"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
          6.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Indemnification
          of Directors and Officers</strong></font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a href="#item8"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
          8. </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits</strong></font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a href="#item9"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
          9.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Undertakings</strong></font></a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#signatures">SIGNATURES</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="#exhibitindex">EXHIBIT
          INDEX</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="exhibit5-1.htm">Exhibit
          5.1</a></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a href="exhibit23-1.htm">Exhibit
          23.1</a></strong></font></div>
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              of
              Contents</a></em></strong></font></div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><a name="Prospectus"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PROSPECTUS
            SUMMARY</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>This
            summary highlights information contained elsewhere in this prospectus
            and/or the
            documents incorporated by reference. For more information about our business
            and
            the risks involved in investing in our stock, you should read carefully
            (a)&#160;the section entitled &#8220;Risk Factors&#8221; in this prospectus and the
            documents incorporated by reference and (b)&#160;our consolidated financial
            statements and related notes appearing in the documents incorporated
            by
            reference.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>URS
            CORPORATION</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Overview
            of Our Business</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            are
            one of the largest engineering design services firms worldwide and a
            major U.S.
            federal government contractor for systems engineering and technical assistance
            and operations and maintenance services. Our business focuses primarily
            on
            providing fee-based professional and technical services in the engineering
            and
            construction services and defense markets, although we perform some limited
            construction work. We operate through two divisions: the URS Division
            and the
            EG&amp;G Division. Our URS Division provides a comprehensive range of
            professional planning and design, program and construction management,
            and
            operations and maintenance services to the U.S. federal government, state
            and
            local government agencies, and private industry clients in the United
            States and
            internationally. Our EG&amp;G Division provides planning, systems engineering
            and technical assistance, operations and maintenance, and program management
            services to various U.S. federal government agencies, primarily the Departments
            of Defense and Homeland Security. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 72pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            market
            our services to federal government agencies, state and local government
            agencies, private industry, and international clients through our extensive
            network of approximately 330 offices and contract-specific job sites
            across the
            U.S. and in more than 20 foreign countries. We focus our expertise on
            eight key
            markets: transportation, environmental, facilities, commercial/industrial,
            water/wastewater, homeland security, defense systems, and installations
            and
            logistics. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            are a
            Delaware corporation. Our principal corporate office is located at 600
            Montgomery Street, 26</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
            Floor,
            San Francisco, California 94111-2728, and our telephone number is (415)
            774-2700.</font></div>
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            </div>
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                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>&#160;</em></font><a name="RiskFactors"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>RISK
            FACTORS</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Investment
            in our securities involves risks. You should consider carefully the risks
            described below, as well as other information in this prospectus and
            the
            documents incorporated by reference, before purchasing any of our securities.
            Each of these risk factors could adversely affect our business, operating
            results and financial condition, as well as adversely affect the value
            of an
            investment in our securities. </em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Demand
            for our services is cyclical and vulnerable to economic downturns. If
            the
            economy weakens, then our revenues, profits and our financial condition
            may
            deteriorate.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Demand
            for our services is cyclical and vulnerable to economic downturns, which
            may
            result in clients delaying, curtailing or canceling proposed and existing
            projects. For example, there was a decrease in our URS Division revenues
            of
            $77.9 million, or 3.4%, in fiscal year 2002 compared to fiscal year 2001
            as a
            result of the general economic decline. Our clients may demand better
            pricing
            terms and their ability to pay our invoices may be affected by a weakening
            economy. Our government clients may face budget deficits that prohibit
            them from
            funding proposed and existing projects. Our business traditionally lags
            the
            overall recovery in the economy; therefore, our business may not recover
            immediately when the economy improves. If the economy weakens, then our
            revenues, profits and overall financial condition may deteriorate.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>We
            may not realize the full amount of revenues reflected in our book of
            business,
            which could harm our operations and significantly reduce our future
            revenues.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            account for all contract awards that may eventually be recognized as
            revenues as
            our &#8220;book of business,&#8221; which includes backlog, designations, option years and
            IDCs. Our backlog consists of the amount billable at a particular point
            in time,
            including task orders issued under IDCs. As of September 29, 2006, our
            backlog
            was approximately $4.4 billion. Our designations consist of projects
            that
            clients have awarded us, but for which we do not yet have signed contracts.
            Our
            option year contracts are multi-year contracts with base periods, plus
            option
            years that are exercisable by our clients without the need for us to
            go through
            another competitive bidding process. Our IDCs are signed contracts under
            which
            we perform work only when our clients issue specific task orders. Our
            book of
            business estimates may not result in actual revenues in any particular
            period
            since clients may terminate or delay awards, projects and contracts and
            may
            decide not to exercise contract options or issue task orders. If we fail
            to
            realize the full amounts reflected in our book of business, our operations
            could
            be harmed and our future revenues could be significantly reduced.</font></div>
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            </div>
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                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>As
            a government contractor, we are subject to a number of procurement laws,
            regulations and government audits; a violation of any such laws and regulations
            could result in sanctions, contract termination, forfeiture of profit,
            harm to
            our reputation or loss of our status as an eligible government
            contractor.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            must
            comply with and are affected by federal, state, local and foreign laws
            and
            regulations relating to the formation, administration and performance
            of
            government contracts. For example, we must comply with the Federal Acquisition
            Regulation (&#8220;FAR&#8221;), the Truth in Negotiations Act (&#8220;TINA&#8221;), the Cost Accounting
            Standards (&#8220;CAS&#8221;), the Service Contract Act and the DOD security regulations, as
            well as many other laws and regulations. These laws and regulations affect
            how
            we transact business with our clients and in some instances, impose additional
            costs on our business operations. Even though we take precautions to
            prevent and
            deter fraud, misconduct and non-compliance, we face the risk that our
            employees
            or outside partners may engage in misconduct, fraud or other improper
            activities. Government agencies, such as the U.S. Defense Contract Audit
            Agency
            (&#8220;DCAA&#8221;), routinely audit and investigate government contractors. These
            government agencies review and audit a government contractor&#8217;s performance under
            its contracts and cost structure, and compliance with applicable laws,
            regulations and standards. In addition, during the course of its audits,
            the
            DCAA may question incurred costs, and if the DCAA believes we have accounted
            for
            such costs in a manner inconsistent with the requirements for the FAR
            or CAS,
            the DCAA auditor may recommend to our U.S. government corporate administrative
            contracting officer to disallow such costs. Historically, we have not
            experienced significant disallowed costs as a result of such audits.
            However, we
            can provide no assurance that the DCAA or other government audits will
            not
            result in material disallowances for incurred costs in the future. Government
            contract violations could result in the imposition of civil and criminal
            penalties or sanctions, contract termination, forfeiture of profit, and/or
            suspension of payment, any of which could make us lose our status as
            an eligible
            government contractor. We could also suffer serious harm to our
            reputation.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Because
            we depend on federal, state and local governments for a significant portion
            of
            our revenue, our inability to win or renew government contracts during
            regulated
            procurement processes could harm our operations and significantly reduce
            or
            eliminate our profits. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Revenues
            from federal government contracts represented approximately 47% and state
            and
            local government contracts represented approximately 21%, respectively,
            of our
            total revenues for the nine months ended September 29, 2006. Government
            contracts are awarded through a regulated procurement process. The federal
            government has increasingly relied upon multi-year contracts with
            pre-established terms and conditions, such as IDCs, that generally require
            those
            contractors who have previously been awarded the IDC to engage in an
            additional
            competitive bidding process before a task order is issued. The increased
            competition, in turn, may require us to make sustained efforts to reduce
            costs
            in order to realize revenues and profits under government contracts.
            If we are
            not successful in reducing the amount of costs we incur, our profitability
            on
            government contracts will be negatively impacted. Moreover, even if we
            are
            qualified to work on a government contract, we may not be awarded the
            contract
            because of existing government policies designed to protect small businesses
            and
            underrepresented minority contractors. Our inability to win or renew
            government
            contracts during regulated procurement processes could harm our operations
            and
            significantly reduce or eliminate our profits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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              </div>
            </div>
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              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Each
            year a portion of our existing and future government contracts may be
            subject to
            the legislative appropriations process. If legislative appropriations
            are not
            made in subsequent years of a multiple-year government contract, then
            we may not
            realize all of our potential revenues and profits from that
            contract.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
            year
            a portion of our existing and future government contracts may be subject
            to
            legislative appropriations. For example, the passage of the SAFETEA-LU
            highway
            and transit bill in August of 2005 has provided matching funds for a
            portion of
            our state transportation projects. Legislatures typically appropriate
            funds for
            a given program on a year-by-year basis, even though contract performance
            may
            take more than one year. As a result, at the beginning of a project,
            the related
            contract may only be partially funded, and additional funding is committed
            only
            as appropriations are made in each subsequent year. These appropriations,
            and
            the timing of payment of appropriated amounts, may be influenced by,
            among other
            things, the state of the economy, competing political priorities, curtailments
            in the use of government contracting firms, budget constraints, the timing
            and
            amount of tax receipts and the overall level of government expenditures.
            If
            appropriations are not made in subsequent years of a multiple-year contract,
            we
            may not realize all of our potential revenues and profits from that
            contract.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            government contracts may give the government the right to modify, curtail
            or
            terminate our contracts at their convenience at any time prior to their
            completion and, if we do not replace these contracts, then we may suffer
            a
            decline in revenues.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Government
            projects in which we participate as a contractor or subcontractor may
            extend for
            several years. Generally, government contracts include the right for
            the
            government to modify, curtail or terminate contracts and subcontracts
            at their
            convenience any time prior to their completion. Any decision by a government
            client to modify, curtail or terminate our contracts at their convenience
            may
            result in a decline in revenues.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>If
            we are unable to accurately estimate and control our contract costs,
            then we may
            incur losses on our contracts, which could decrease our operating margins
            and
            significantly reduce or eliminate our profits. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">It
            is
            important for us to control our contract costs so that we can maintain
            positive
            operating margins. We generally enter into three principal types of contracts
            with our clients: cost-plus, fixed-price and time-and-materials. Under
            cost-plus
            contracts, which may be subject to contract ceiling amounts, we are reimbursed
            for allowable costs and fees, which may be fixed or performance-based.
            If our
            costs exceed the contract ceiling or are not allowable under the provisions
            of
            the contract or any applicable regulations, we may not be reimbursed
            for all our
            costs. Under fixed-price contracts, we receive a fixed price regardless
            of what
            our actual costs will be. Consequently, we realize a profit on fixed-price
            contracts only if we control our costs and prevent cost over-runs on
            the
            contracts. Under time-and-materials contracts, we are paid for labor
            at
            negotiated hourly billing rates and for other expenses. Profitability
            on our
            contracts is driven by billable headcount and our ability to manage costs.
            Under
            each type of contract, if we are unable to control costs, we may incur
            losses on
            our contracts, which could decrease our operating margins and significantly
            reduce or eliminate our profits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            actual results could differ from the estimates and assumptions that we
            use to
            prepare our financial statements, which may significantly reduce or eliminate
            our profits.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
            prepare financial statements in conformity with generally accepted accounting
            principles, management is required to make estimates and assumptions
            as of the
            date of the financial statements, which affect the reported values of assets and
            liabilities and revenues and expenses and disclosures of contingent assets
            and
            liabilities. Areas requiring significant estimates by our management
            include:
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
            application of the &#8220;percentage-of-completion&#8221; method of accounting, and revenue
            recognition on contracts, change orders, and contract claims;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">provisions
            for uncollectible receivables and customer claims and recoveries of costs
            from
            subcontractors, vendors and others;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">provisions
            for income taxes and related valuation allowances;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">value
            of
            goodwill and recoverability of other intangible assets;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">valuation
            of assets acquired and liabilities assumed in connection with business
            combinations;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">valuation
            of defined benefit pension plans and other employee benefit plans; </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">valuation
            of stock-based compensation expense; and</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">accruals
            for estimated liabilities, including litigation and insurance
            reserves.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
            actual results could differ from those estimates, which may significantly
            reduce
            or eliminate our profits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            use of the &#8220;percentage-of-completion&#8221; method of accounting could result in
            reduction or reversal of previously recorded revenues and
            profits.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
            substantial portion of our revenues and profits are measured and recognized
            using the &#8220;percentage-of-completion&#8221; method of accounting, which is discussed in
            Note 1, &#8220;Accounting Policies,&#8221; to our &#8220;Consolidated Financial Statements and
            Supplementary Data&#8221; included under Item 8 of our Annual Report on Form 10-K. Our
            use of this accounting method results in recognition of revenues and
            profits
            ratably over the life of a contract, based generally on the proportion
            of costs
            incurred to date to total costs expected to be incurred for the entire
            project.
            The effects of revisions to revenues and estimated costs are recorded
            when the
            amounts are known or can be reasonably estimated. Such revisions could
            occur in
            any period and their effects could be material. Although we have historically
            made reasonably reliable estimates of the progress towards completion
            of
            long-term engineering, program and construction management or construction
            contracts in process, the uncertainties inherent in the estimating process
            make
            it possible for actual costs to vary materially from estimates, including
            reductions or reversals of previously recorded revenues and profits.
            </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>If
            our goodwill or intangible assets become impaired, then our profits may
            be
            significantly reduced or eliminated.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Because
            we have grown through acquisitions, goodwill and other intangible assets
            represent a substantial portion of our assets. Goodwill and other net
            purchased
            intangible assets were $998.1 million as of September 29, 2006. Our balance
            sheet includes goodwill and other net intangible assets, the values of
            which are
            material. If any of our goodwill or intangible assets were to become
            impaired,
            we would be required to write-off the impaired amount, which may significantly
            reduce or eliminate our profits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff"><strong>Our
            failure to successfully bid on new contracts and renew existing contracts
            with
            private and public sector clients</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>
            could adversely reduce or eliminate our profitability. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff">Our
            business depends on our ability to successfully bid on new contracts
            and renew
            existing contracts with private and public sector clients. Contract</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
            proposals and negotiations are complex and frequently involve a lengthy
            bidding
            and selection process, which are affected by a number of factors, such
            as market
            conditions, financing arrangements and required governmental approvals.
            For
            example, a client may require us to provide a bond or letter of credit
            to
            protect the client should we fail to perform under the terms of the contract.
            If
            negative market conditions arise, or if we fail to secure adequate financial
            arrangements or the required governmental approval, we may not be able
            to pursue
            particular projects, which could adversely reduce or eliminate our
            profitability.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>If
            we fail to timely complete, miss a required performance standard or otherwise
            fail to adequately perform on a project, then we may incur a loss on
            that
            project, which may reduce or eliminate our overall profitability.
</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            may
            commit to a client that we will complete a project by a scheduled date.
            We may
            also commit that a project, when completed, will achieve specified performance
            standards. If the project is not completed by the scheduled date or fails
            to
            meet required performance standards, we may either incur significant
            additional
            costs or be held responsible for the costs incurred by the client to
            rectify
            damages due to late completion or failure to achieve the required performance
            standards. The uncertainty of the timing of a project can present difficulties
            in planning the amount of personnel needed for the project. If the project
            is
            delayed or canceled, we may bear the cost of an underutilized workforce
            that was
            dedicated to fulfilling the project. In addition, performance of projects
            can be
            affected by a number of factors beyond our control, including unavoidable
            delays
            from weather conditions, unavailability of vendor materials, changes
            in the
            project scope of services requested by clients or labor disruptions.
            In some
            cases, should we fail to meet required performance standards, we may
            also be
            subject to agreed-upon financial damages, which are determined by the
            contract.
            To the extent that these events occur, the total costs of the project
            could
            exceed our estimates and we could experience reduced profits or, in some
            cases,
            incur a loss on that project, which may reduce or eliminate our overall
            profitability.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>If
            our partners fail to perform their contractual obligations on a project,
            we
            could be exposed to legal</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>liability,
            loss of reputation or reduced or eliminated profits.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            sometimes enter into subcontracts, joint ventures and other contractual
            arrangements with outside partners to jointly bid on and execute a particular
            project. The success of these joint projects depends upon, among other
            things,
            the satisfactory performance of the contractual obligations of our partners.
            If
            any of our partners fails to satisfactorily perform its contractual obligations,
            we may be required to make additional expenditures and provide additional
            services to complete the project. If we are </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff">unable
            to adequately address our partner&#8217;s performance issues, then our client could
            terminate the joint project, exposing us to legal liability, loss of
            reputation
            or reduced or eliminated</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
            profits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
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              </div>
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              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">6</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>We
            may be subject to substantial liabilities under environmental laws and
            regulations.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
            portion
            of our environmental business involves the planning, design, program
            and
            construction management and operation and maintenance of pollution control
            facilities, hazardous waste or Superfund sites and military bases. In
            addition,
            we contract with U.S. governmental entities to destroy hazardous materials,
            including chemical agents and weapons stockpiles. These activities may
            require
            us to manage, handle, remove, treat, transport and dispose of toxic or
            hazardous
            substances. We must comply with a number of governmental laws that strictly
            regulate the handling, removal, treatment, transportation and disposal
            of toxic
            and hazardous substances. Under the Comprehensive Environmental Response,
            Compensation and Liability Act (&#8220;CERCLA&#8221;) and comparable state laws, we may be
            required to investigate and remediate regulated hazardous materials.
            CERCLA and
            comparable state laws typically impose strict, joint and several liabilities
            without regard to whether a company knew of or caused the release of
            hazardous
            substances. The liability for the entire cost of clean-up can be imposed
            upon
            any responsible party. Other principal federal environmental, health
            and safety
            laws affecting us include, but are not limited to, the RCRA, the National
            Environmental Policy Act, the Clean Air Act, the Clean Air Interstate
            Rule, the
            Clean Air Mercury Rule, the Occupational Safety and Health Act, the Toxic
            Substances Control Act and the Superfund Amendments and Reauthorization
            Act. Our
            business operations may also be subject to similar state and international
            laws
            relating to environmental protection. Liabilities related to environmental
            contamination or human exposure to hazardous substances, or a failure
            to comply
            with applicable regulations could result in substantial costs to us,
            including
            clean-up costs, fines and civil or criminal sanctions, third party claims
            for
            property damage or personal injury or cessation of remediation activities.
            Our
            continuing work in the areas governed by these laws and regulations exposes
            us
            to the risk of substantial liability; however, we are currently not subject
            to
            any material claims under environmental laws and regulations.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            liability for damages due to legal proceedings may adversely affect us
            and
            result in a significant loss. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Various
            legal proceedings are pending against us in connection with the performance
            of
            our professional services and other actions by us, the outcome of which
            cannot
            be predicted with certainty. For example, in performing our services,
            we may be
            exposed to cost overruns, personal injury claims, property damage, labor
            shortages or disputes, weather problems and unforeseen engineering,
            architectural, environmental and geological problems. In some actions,
            parties
            may seek damages that exceed our insurance coverage. Currently, we have
            limits
            of $125.0 million per loss and $125.0 million in the aggregate for a
            13-month
            period for general liability,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffcc99">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">professional
            errors and omissions liability and contractor&#8217;s pollution liability insurance
            (in addition to other policies for some specific projects). The general
            liability policy includes a self-insured claim retention of $4.0 million
            (or
            $10.0 million in some circumstances). The professional errors and omissions
            liability and contractor&#8217;s pollution liability insurance policies include a
            self-insured claim retention amount of $10.0 million each. Our services
            may
            require us to make judgments and recommendations about environmental,
            structural, geotechnical and other physical conditions at project sites.
            If our
            performance, judgments and recommendations are later found to be incomplete
            or
            incorrect, then we may be liable for the resulting damages. Although
            the outcome
            of our legal proceedings cannot be predicted with certainty and no assurance
            can
            be provided as to a favorable outcome, based on our previous experience
            in these
            matters, we do not believe that any of our legal proceedings, individually
            or
            collectively, are likely to exceed established loss accruals or our various
            professional errors and omissions, project-specific and other insurance
            policies. However, the resolution of outstanding claims is subject to
            inherent
            uncertainty and it is reasonably possible that any resolution could have
            an
            adverse effect on us. If we sustain damages that exceed our insurance
            coverage
            or for which we are not insured, our results of operations and financial
            condition could be harmed.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Changes
            in environmental laws, regulations and programs could reduce demand for
            our
            environmental services, which could in turn negatively impact our
            revenues.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
            environmental services business is driven by federal, state, local and
            foreign
            laws, regulations and programs related to pollution and environmental
            protection. For example, passage of the Clean Air Interstate and Clean
            Air
            Mercury environmental rules has increased our emissions control business.
            On the
            other hand, a relaxation or repeal of these laws and regulations, or
            changes in
            governmental policies regarding the funding, implementation or enforcement
            of
            these programs, could result in a decline in demand for environmental
            services,
            which could in turn negatively impact our revenues. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>A
            decline in U.S. defense spending or a change in budgetary priorities
            could harm
            our operations and significantly reduce our future</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>revenues.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Revenues
            under contracts with the DOD and other defense-related clients represented
            approximately 36% of our total revenues for the three months ended September
            29,
            2006. While spending authorization for defense-related programs has increased
            significantly in recent years due to greater homeland security and foreign
            military commitments, as well as the trend to outsource federal government
            jobs
            to the private sector, these spending levels may not be sustainable.
            For
            example, the DOD budget declined in the late 1980s and the early 1990s,
            resulting in DOD program delays and cancellations. Future levels of expenditures
            and authorizations for these programs may decrease, remain constant or
            shift to
            programs in areas where we do not currently provide services. As a result,
            a
            general decline in U.S. defense spending or a change in budgetary priorities
            could harm our operations and significantly reduce our future
            revenues.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            overall market share will decline if we are unable to compete successfully
            in
            our industry.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
            industry is highly fragmented and intensely competitive. According to
            the
            publication Engineering News-Record, based on information voluntarily
            reported
            by various companies, the top ten engineering design firms only accounted
            for
            approximately 32% of the total design firm revenues in 2005. Our competitors
            are
            numerous, ranging from small private firms to multi-billion dollar public
            companies. In addition, the technical and professional aspects of our
            services
            generally do not require large upfront capital expenditures and provide
            limited
            barriers against new competitors. Some of our competitors have achieved
            greater
            market penetration in some of the markets in which we compete and have
            substantially more financial resources and/or financial flexibility than
            we do.
            As a result of the number of competitors in the industry, our clients
            may select
            one of our competitors on a project due to competitive pricing or a specific
            skill set. If we are unable to maintain our competitiveness, our market
            share
            will decline. These competitive forces could have a material adverse
            effect on
            our business, financial condition and results of operations by reducing
            our
            relative share in the markets we serve.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            failure to attract and retain key employees could impair our ability
            to provide
            services to our clients and otherwise conduct our business effectively.
            </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
            a
            professional and technical services company, we are labor intensive and
            therefore, our ability to attract, retain and expand our senior management
            and
            our professional and technical staff is an important factor in determining
            our
            future success. From time to time, it may be difficult to attract and
            retain
            qualified individuals with the expertise and in the timeframe demanded
            by our
            clients. For example, some of our government contracts may require us
            to employ
            only individuals who have particular government security clearance levels.
            In
            addition, we rely heavily upon the expertise and leadership of our senior
            management. The failure to attract and retain key individuals could impair
            our
            ability to provide services to our clients and conduct our business
            effectively.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Employee,
            agent, or partner misconduct or our failure to comply with laws or regulations
            could weaken our ability to contract with government
            clients.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;As
            a federal, state and local government contractor, misconduct, fraud,
            non-compliance with applicable laws and regulations, or other improper
            activities by one of our employees, agents, or partners could have a
            significant
            negative impact on our business and reputation. Such misconduct could
            include
            the failure to comply with government procurement regulations, regulations
            regarding the protection of classified information, laws regarding the
            pricing
            of labor and other costs in government contracts, regulations on lobbying
            or
            similar activities, environmental laws and any other applicable laws
            or
            regulations. For example, we regularly provide services that may be highly
            sensitive or that relate to critical national security matters; if a
            security
            breach were to occur, our ability to procure future government contracts
            could
            be severely limited. Other examples of potential misconduct include time
            card
            fraud and violations of the Anti-Kickback Act. The precautions we take
            to
            prevent and detect these activities may not be effective, and we could
            face
            unknown risks or losses. Our failure to comply with applicable laws or
            regulations or acts of misconduct could subject us to fines and penalties,
            loss
            of security clearance and suspension or debarment from contracting, which
            could
            weaken our ability to contract with government clients. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Recent
            changes in accounting for equity-related compensation have impacted our
            financial statements and could negatively impact our ability to attract
            and
            retain key employees.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Upon
            the
            adoption of SFAS 123(R), we evaluated our current stock-based compensation
            plans
            and employee stock purchase plans. In order to minimize the volatility
            of our
            stock-based compensation expense, we are currently issuing restricted
            stock
            awards and units to selected employees rather than granting stock options.
            We
            also revised our employee stock purchase plan from a 15% discount on
            our stock
            price at the beginning or the end of the six-month offering period, whichever
            is
            lower, to a 5% discount on our stock price at the end of the six-month
            offering
            period. These changes to our equity-related compensation may negatively
            impact
            our ability to attract and retain key employees. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            indebtedness could limit our ability to finance future operations or
            engage in
            other business activities. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
            of
            September 29, 2006, we had $209.7 million of total outstanding indebtedness
            and
            $61.6 million in letters of credit outstanding against our revolving
            line of
            credit. This level of indebtedness could negatively affect us because
            it may
            impair our ability to borrow in the future and make us more vulnerable
            in an
            economic downturn. In addition, our current credit facility contains
            financial
            ratios and other covenants, which may limit our ability to, among other
            things:
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incur
            additional indebtedness;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">create
            liens securing debt or other encumbrances on our assets; and</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">enter
            into transactions with our stockholders and affiliates.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Although
            we are in compliance with all current credit facility covenants, our
            indebtedness could limit our ability to finance future operations or
            engage in
            other business activities.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
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              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">7</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Because
            we are a holding company, we may not be able to service our debt if our
            subsidiaries do not make sufficient distributions to us.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            have
            no direct operations and no significant assets other than investments
            in the
            stock of our subsidiaries. Because we conduct our business operations
            through
            our operating subsidiaries, we depend on those entities for payments
            and
            dividends to generate the funds necessary to meet our financial obligations.
            Legal restrictions, including local regulations and contractual obligations
            associated with secured loans, such as equipment financings, may restrict
            our
            subsidiaries&#8217; ability to pay dividends or make loans or other distributions to
            us. The earnings from, or other available assets of, these operating
            subsidiaries may not be sufficient to make distributions to enable us
            to pay
            interest on our debt obligations when due or to pay the principal of
            such debt
            at maturity. As of September 29, 2006, our debt service obligations,
            comprised
            of principal and interest (excluding capital leases), during the next
            twelve
            months will be approximately $21 million. Based on the current outstanding
            indebtedness of $154 million under our Credit Facility, if market rates
            were to
            average 1% higher during that same twelve-month period, our net of tax
            interest
            expense would increase by approximately $0.9 million.</font></div>
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          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            international operations are subject to a number of risks that could
            harm our
            operations and significantly reduce our future revenues.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
            a
            multinational company, we have operations in over 20 countries and we
            derived 9%
            and 10% of our revenues from international operations for the nine months
            ended
            September 29, 2006 and September 30, 2005, respectively. International
            business
            is subject to a variety of risks, including:</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">lack
            of
            developed legal systems to enforce contractual rights;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">greater
            risk of uncollectible accounts and longer collection cycles;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">currency
            fluctuations;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">logistical
            and communication challenges;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">potentially
            adverse changes in laws and regulatory practices, including export license
            requirements, trade barriers, tariffs and tax laws;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">changes
            in labor conditions;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">exposure
            to liability under the Foreign Corrupt Practices Act and export control
            and
            anti-boycott laws; and</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8226;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">general
            economic and political conditions in foreign markets.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">These
            and
            other risks associated with international operations could harm our overall
            operations and significantly reduce our future revenues. In addition,
            services
            billed through foreign subsidiaries are attributed to the international
            category
            of our business, regardless of where the services are performed and conversely,
            services billed through domestic operating subsidiaries are attributed
            to a
            domestic category of clients, regardless of where the services are performed.
            As
            a result, our international risk exposure may be more or less than the
            percentage of revenues attributed to our international operations.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
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              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Our
            business activities may require our employees to travel to and work in
            high
            security risk countries, which may result in employee death or injury,
            repatriation costs or other unforeseen costs. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
            a
            multinational company, our employees often travel to and work in high
            security
            risk countries around the world that are undergoing political, social
            and
            economic upheavals resulting in war, civil unrest, criminal activity
            or acts of
            terrorism. For example, we have employees working in high security risk
            countries located in the Middle East and Southwest Asia. As a result,
            we may be
            subject to costs related to employee death or injury, repatriation or
            other
            unforeseen circumstances.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>We
            depend on third party support for our Enterprise Resource Program (&#8220;ERP&#8221;) system
            and, as a result, we may incur unexpected costs that could harm our results
            of
            operations, including the possibility of abandoning our current ERP system
            and
            migrating to another ERP system.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            use
            accounting and project management information systems supported by Oracle
            Corporation. As of September 29, 2006, approximately 63% of our total
            revenues
            were processed on this ERP system. We depend on the vendor to provide
            long-term
            software maintenance support for our ERP system. Oracle Corporation may
            discontinue further development, integration or long-term software maintenance
            support for our ERP system. In the event we are unable to obtain the
            necessary
            long-term third party software maintenance support, we may be required
            to incur
            unexpected costs that could harm our results of operations, including
            the
            possibility of abandoning our current ERP system and migrating all of
            our
            accounting and project management information systems to another ERP
            system.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Force
            majeure events, including natural disasters and terrorists&#8217; actions have
            negatively impacted and could further negatively impact the economies
            in which
            we operate, which may affect our financial condition, results of operations
            or
            cash flows. </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Force
            majeure events, including natural disasters, such as Hurricane Katrina
            that
            affected the Gulf Coast in August 2005 and terrorist attacks, such as
            those that
            occurred in New York and Washington, D.C. on September 11, 2001, could
            negatively impact the economies in which we operate. For example, Hurricane
            Katrina caused several of our Gulf Coast offices to close, interrupted
            a number
            of active client projects and forced the relocation of our employees
            in that
            region from their homes. In addition, during the September 11, 2001 terrorist
            attacks, several of our offices were shut down due to terrorist attack
            warnings.
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            typically remain obligated to perform our services after a terrorist
            action or
            natural disaster unless the contract contains a force majeure clause
            relieving
            us of our contractual obligations in such an extraordinary event. If
            we are not
            able to react quickly to force majeure, our operations may be affected
            significantly, which would have a negative impact on our financial condition,
            results of operations or cash flows. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
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              </div>
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              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">9</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Negotiations
            with labor unions and possible work actions could divert management attention
            and disrupt operations. In addition, new collective bargaining agreements
            or
            amendments to agreements could increase our labor costs and operating
            expenses.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
            of
            September 29, 2006, approximately 8% of our employees were covered by
            collective
            bargaining agreements. The outcome of any future negotiations relating
            to union
            representation or collective bargaining agreements may not be favorable
            to us.
            We may reach agreements in collective bargaining that increase our operating
            expenses and lower our net income as a result of higher wages or benefits
            expenses. In addition, negotiations with unions could divert management
            attention and disrupt operations, which may adversely affect our results
            of
            operations. If we are unable to negotiate acceptable collective bargaining
            agreements, we may have to address the threat of union-initiated work
            actions,
            including strikes. Depending on the nature of the threat or the type
            and
            duration of any work action, these actions could disrupt our operations
            and
            adversely affect our operating results. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>We
            have only a limited ability to protect our intellectual property rights,
            which
            are important to our success. Our failure to protect our intellectual
            property
            rights could adversely affect our competitive position.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Our
              success depends, in part, upon our ability to protect our proprietary
              information and other intellectual property. We rely principally on
              trade
              secrets to protect much of our intellectual property where we do not
              believe
              that patent or copyright protection is appropriate or obtainable. However,
              trade
              secrets are difficult to protect. Although our employees are subject
              to
              confidentiality obligations, this protection may be inadequate to deter
              or
              prevent misappropriation of our confidential information. In addition,
              we may be
              unable to detect unauthorized use of our intellectual property or otherwise
              take
              appropriate steps to enforce our rights. Failure to obtain or maintain
              trade
              secret protection would adversely affect our competitive business position.
              In
              addition, if we are unable to prevent third parties from infringing
              or
              misappropriating our trademarks or other proprietary information, our
              competitive position could be adversely affected. </font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Delaware
            law and our charter documents may impede or discourage a merger, takeover
            or
            other business combination even if the business combination would have
            been in
            the best interests of our current stockholders.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            are a
            Delaware corporation and the anti-takeover provisions of Delaware law
            impose
            various impediments to the ability of a third party to acquire control
            of us,
            even if a change in control would be beneficial to our existing stockholders.
            In
            addition, our board of directors has the power, without stockholder approval,
            to
            designate the terms of one or more series of preferred stock and issue
            shares of
            preferred stock, which could be used defensively if a takeover is threatened.
            Our incorporation under Delaware law, the ability of our board of directors
            to
            create and issue a new series of preferred stock and certain provisions
            in our
            certificate of incorporation and by-laws could impede a merger, takeover
            or
            other business combination involving us or discourage a potential acquirer
            from
            making a tender offer for our common stock, even if the business combination
            would have been in the best interests of our current stockholders.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <div id="FTR">
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              </div>
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              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Future
            sales of our common stock in the public market could lower our stock
            price.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
            the
            future, we or our selling stockholders may sell additional shares of
            our common
            stock in public offerings. We may also issue additional shares of our
            common
            stock to finance future acquisitions. Additionally, a substantial number
            of
            shares of our common stock is available for future sale pursuant to stock
            options that we granted to our employees to purchase shares of our common
            stock
            and also pursuant to registration rights agreements with our selling
            stockholders. We cannot predict the size of any future issuance of our
            common
            stock or the effect, dilutive or otherwise, that future sales and issuances
            of
            shares of our common stock will have on the market price of our common
            stock.
            Sales of substantial amounts of our common stock (including shares issued
            upon
            the exercise of stock options or acquisition financing), or the perception
            that
            such sales could occur, may adversely affect prevailing market prices
            for our
            common stock.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>The
            market price of our equity securities may be volatile.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            market price of our publicly traded equity securities may change significantly
            in response to various factors and events, many of which are beyond our
            control,
            including the following:</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
                    other risk factors described in this prospectus
                    supplement;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">quarterly
                    fluctuations in our financial results, including revenue, profits
                    and
                    other measures of financial performance or financial
                    condition;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">announcements
                    by us or our competitors of significant
                    acquisitions;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">changes
                    in securities analysts' estimates of our financial performance
                    or the
                    performance of our competitors or the financial performance of
                    companies
                    in our industry in general;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">general
                    conditions in our industry;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">general
                    conditions in the U.S. and/or world economy;
                    and</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">general
                    conditions in the securities markets.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Furthermore,
            in recent years, the stock market has experienced extreme price and volume
            fluctuations. This volatility has had a significant effect on the market
            prices
            of securities issued by many companies for reasons unrelated to their
            operating
            performance. These broad market fluctuations may materially adversely
            affect our
            stock price, regardless of our operating results.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">11</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SPECIAL
            NOTE REGARDING FORWARD-LOOKING STATEMENTS</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
            prospectus and the filings incorporated into this prospectus by reference
            contain forward-looking statements within the meaning of Section&#160;27A of the
            Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), and within the
            meaning of Section&#160;21E of the Securities Exchange Act of 1934, as amended
            (the &#8220;Exchange Act&#8221;), that are subject to the &#8220;safe harbor&#8221; created by those
            sections. These forward-looking statements can generally be identified
            as such
            because the context of the statement will include words such as &#8220;anticipates,&#8221;
&#8220;believes,&#8221; &#8220;continue,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;opportunity,&#8221;
&#8220;plans,&#8221; &#8220;potential,&#8221; &#8220;predicts,&#8221; or &#8220;will,&#8221; the negative of these words or
            words of similar import. Similarly, statements that describe our future
            plans,
            strategies, intentions, expectations, objectives, goals or prospects
            are also
            forward-looking statements. Discussions containing these forward-looking
            statements may be found, among other places, in &#8220;Business&#8221; and &#8220;Management&#8217;s
            Discussion and Analysis of Financial Condition and Results of Operations&#8221;
incorporated by reference from our most recent Annual Report on Form&#160;10-K
            and our Quarterly Reports on Form&#160;10-Q for the quarters ended subsequent to
            our filing of such Annual Report on Form&#160;10-K with the SEC, as well as any
            amendments thereto reflected in subsequent filings with the SEC. These
            forward-looking statements are or will be, as applicable, based largely
            on our
            expectations and projections about future events and future trends affecting
            our
            business, and so are or will be, as applicable, subject to risks and
            uncertainties that could cause actual results to differ materially from
            those
            anticipated in the forward-looking statements. The risks and uncertainties
            include, among others, those listed in the section entitled &#8220;Risk Factors&#8221;
above. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Because
            the risks and uncertainties could cause actual results or outcomes to
            differ
            materially from those expressed in any forward-looking statements made
            by us or
            on our behalf, you should not place undue reliance on any forward-looking
            statements. Further, any forward-looking statement speaks only as of
            the date on
            which it is made, and we undertake no obligation to update any forward-looking
            statement to reflect events or circumstances after the date on which
            the
            statement is made or to reflect the occurrence of unanticipated events.
            In
            addition, we cannot assess the impact of each risk factor on our business
            or the
            extent to which any risk factor, or combination of risk factors, may
            cause
            actual results to differ materially from those contained in any forward-looking
            statements. Except as required by law, we undertake no obligation to
            publicly
            revise our forward-looking statements to reflect events or circumstances
            that
            arise after the date of this prospectus or the prospectus supplement
            or the date
            of documents incorporated by reference in this prospectus that include
            forward-looking statements. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="USEOFPROCEEDS"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>USE
            OF PROCEEDS</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            will
            not receive any of the proceeds from the sale of the shares by the selling
            stockholders. All proceeds from the sale of the shares will be for the
            accounts
            of the selling stockholders. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="SELLINGSTOCKHOLDERS"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SELLING
            STOCKHOLDERS</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            following table sets forth certain information regarding the beneficial
            ownership of the common stock, as of November 8, 2006, by each of the
            selling
            stockholders. As of October 30, 2006, we had 51,923,685 shares of Common
            Stock
            outstanding.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">12</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            information provided in the table below with respect to each selling
            stockholder
            has been obtained from that selling stockholder. Because the selling
            stockholders may sell all or some portion of the shares of common stock
            beneficially owned by them, we cannot estimate the number of shares of
            common
            stock that will be beneficially owned by the selling stockholders after
            this
            offering. In addition, the selling stockholders may have sold, transferred
            or
            otherwise disposed of, or may sell, transfer or otherwise dispose of,
            at any
            time or from time to time, since the date on which they provided the
            information
            regarding the shares of common stock beneficially owned by them, all
            or a
            portion of the shares of common stock beneficially owned by them in transactions
            exempt from the registration requirements of the Securities Act of
            1933.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Beneficial
            ownership is determined in accordance with Rule 13d-3(d) promulgated
            by the SEC
            under the Exchange Act, provided that all shares subject to options held
            by the
            selling stockholders as of the date of this prospectus are shown. Unless
            otherwise noted, each person or group identified possesses sole voting
            and
            investment power with respect to such shares, subject to community property
            laws
            where applicable.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br>
            <div align="center">
              <table cellpadding="0" cellspacing="0" id="ftable" width="64%">

                  <tr>
                    <td align="left" valign="bottom" width="35%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Selling
                        Stockholder</strong></font></div>
                    </td>
                    <td width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                    <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Number
                        of Shares Beneficially Owned (1)</strong></font></div>
                    </td>
                    <td align="left" valign="bottom" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                    <td colspan="2" valign="bottom" width="12%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Shares
                        Being Offered</strong></font></div>
                    </td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff thin solid;">&#160;</td>
                  </tr>
                  <tr bgcolor="#cceeff">
                    <td align="left" valign="bottom" width="35%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Martin
                        M. Koffel (2) (3)</font></div>
                    </td>
                    <td width="2%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">732,982</font></div>
                    </td>
                    <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">732,982</font></div>
                    </td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td align="left" valign="bottom" width="35%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">H.
                        Thomas Hicks (2)</font></div>
                    </td>
                    <td width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">46,425</font></div>
                    </td>
                    <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">46,425</font></div>
                    </td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  </tr>
                  <tr bgcolor="#cceeff">
                    <td align="left" valign="bottom" width="35%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thomas
                        W. Bishop (2)</font></div>
                    </td>
                    <td width="2%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">61,903</font></div>
                    </td>
                    <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">61,903</font></div>
                    </td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td align="left" valign="bottom" width="35%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reed
                        N. Brimhall (2) </font></div>
                    </td>
                    <td width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">39,731</font></div>
                    </td>
                    <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
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                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gary
                        Jandegian (2)</font></div>
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                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: #cceeff;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">141,892</font></div>
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                    <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">141,892</font></div>
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                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Susan
                        B. Kilgannon (2)</font></div>
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                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
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                    <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">22,131</font></div>
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                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  </tr>
                  <tr bgcolor="#cceeff">
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joseph
                        Masters (2)</font></div>
                    </td>
                    <td width="2%" style="border-bottom: #cceeff;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">38,076</font></div>
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                    <td align="left" valign="bottom" width="2%" style="border-bottom: #cceeff;">&#160;</td>
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">38,076</font></div>
                    </td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: #cceeff;">&#160;</td>
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                  <tr bgcolor="white">
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                        A. Wotring (2)</font></div>
                    </td>
                    <td width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">84,505</font></div>
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                    <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                    <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font id="TAB1" style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">84,505</font></div>
                    </td>
                    <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  </tr>

              </table>
            </div>
            <div align="center">&#160;</div>
          </div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 27pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Shares
                    shown in this column include shares of common stock currently
                    owned,
                    shares of restricted stock, shares of common stock issuable pursuant
                    to
                    presently exercisable options and shares of common stock issuable
                    pursuant
                    to options that will be exercisable after the date of this
                    prospectus.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 27pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Currently
                    holds a senior level management position with us or one of our
                    subsidiaries.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 27pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Currently
                    a member of our Board of Directors.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="PLANOFDISTRIBUTION"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PLAN
            OF DISTRIBUTION</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            shares of common stock may be sold from time to time by the selling stockholders
            in one or more transactions at fixed prices, at market prices at the
            time of
            sale, at varying prices determined at the time of sale or at negotiated
            prices.
            As used in this prospectus, &#8220;selling stockholders&#8221; includes donees, pledgees,
            transferees and other successors in interest selling shares received
            from a
            selling stockholder after the date of this prospectus as a gift, pledge,
            partnership distribution or other non-sale transfer. Upon notification
            to us by
            a selling stockholder that a donee, pledgee, transferee or other successor
            in
            interest intends to sell more than 500 shares, a supplement to this prospectus
            will be filed. The selling stockholders may offer their shares of common
            stock
            in one or more of the following transactions: </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">13</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">on
                    any national securities exchange or quotation service on which
                    the common
                    stock may be listed or quoted at the time of sale, including
                    the New York
                    Stock Exchange; </font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">in
                    the over-the-counter market;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">in
                    private transactions;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">through
                    options;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">by
                    pledge to secure debts and other obligations;
                    or</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a
                    combination of any of the above
                    transactions.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
            required, we will distribute a supplement to this prospectus to describe
            material changes in the terms of the offering. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            shares of common stock described in this prospectus may be sold from
            time to
            time directly by the selling stockholders. Alternatively, the selling
            stockholders may from time to time offer shares of common stock to or
            through
            underwriters, broker/dealers or agents. The selling stockholders and
            any
            underwriters, broker/dealers or agents that participate in the distribution
            of
            the shares of common stock may be deemed to be &#8220;underwriters&#8221; within the meaning
            of the Securities Act of 1933. Any profits on the resale of shares of
            common
            stock and any compensation received by any underwriter, broker/dealer
            or agent
            may be deemed to be underwriting discounts and commissions under the
            Securities
            Act of 1933. The selling stockholders may agree to indemnify any agent,
            dealer
            or broker-dealer that participates in the sale of shares of common stock
            described in this prospectus against certain liabilities, including liabilities
            arising under the Securities Act of 1933.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
            shares covered by this prospectus that qualify for sale pursuant to Rule
            144
            under the Securities Act of 1933 may be sold under Rule 144 rather than
            pursuant
            to this prospectus. The selling stockholders are not required to sell
            all of the
            shares registered pursuant to this prospectus. The selling stockholders
            may
            transfer, devise or gift such shares by other means not described in
            this
            prospectus. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
            comply
            with the securities laws of certain jurisdictions, the common stock must
            be
            offered or sold only through registered or licensed brokers or dealers.
            In
            addition, in certain jurisdictions, the shares of common stock may not
            be
            offered or sold unless they have been registered or qualified for sale
            or an
            exemption is available and complied with. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            selling stockholders and any other person participating in such distribution
            will be subject to applicable provisions of the Exchange Act, and the
            rules and
            regulations thereunder, including, without limitation, Regulation&#160;M of the
            Exchange Act, which may limit the timing of purchases and sales of any
            of the
            shares of common stock by the selling stockholders and any other participating
            person. Regulation&#160;M may also restrict the ability of any person engaged in
            the distribution of the shares of common stock to engage in market-making
            activities with respect to the shares of common stock. All of the foregoing
            may
            affect the marketability of the shares of common stock and the ability
            of any
            person or entity to engage in market-making activities with respect to
            the
            shares of common stock. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
            expenses of this registration, estimated at approximately $40,000, will
            be paid
            by us. These expenses include the SEC&#8217;s filing fees and other fees.
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">14</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="LEGALMATTERS"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>LEGAL
            MATTERS</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            validity of the issuance of the securities offered hereby will be passed
            upon by
            Cooley Godward Kronish LLP, San Francisco, California.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="WHEREYOUCANGETMOREINFOR"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WHERE
            YOU CAN FIND MORE INFORMATION</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            file
            annual, quarterly and special reports, proxy statements, and other information
            with the SEC under the Exchange Act. You may read and copy this information
            at
            the following location of the SEC:</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Public
            Reference Room</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">100
            F.
            Street, N.E.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
            D.C. 20549</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
            may
            also obtain copies of this information at prescribed rates by mail from
            the
            Public Reference Section of the SEC, 100 F Street, N.E., Washington,
            DC 20549.
            In addition, you may obtain information about the public reference room
            by
            calling the SEC at 1-800-SEC-0330. Furthermore, you can review copies
            of this
            information and the registration statement through the SEC's "EDGAR"
            (Electronic
            Data Gathering, Analysis and Retrieval) System, available on the SEC's
            website
            (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>http://www.sec.gov</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">).</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="incorporationbyreference"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INCORPORATION
            OF CERTAIN DOCUMENTS BY REFERENCE</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            SEC
            allows us to incorporate into this prospectus and the Registration Statement
            of
            which this prospectus is a part, information that we file with the SEC
            in other
            documents, which means that we can disclose important information to
            you by
            referring to those documents. The information incorporated by reference
            is an
            important part of this prospectus. Any statement contained in a document
            that is
            incorporated by reference is automatically updated and superseded if
            such
            information is contained in this prospectus, or information that we later
            file
            with the SEC modifies and replaces such information. We incorporate by
            reference
            into this Registration Statement and prospectus the documents listed
            below and
            any future filings we will make with the SEC under Sections 13(a), 13(c),
            14 or
            15(d) of the Exchange Act (other than any portion of such documents that
            are not
            deemed &#8220;filed&#8221; under the Exchange Act in accordance with the Exchange Act and
            applicable SEC rules):</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Annual
                    Report on Form 10-K for the year ended December 30, 2005, filed
                    March 15,
                    2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">15</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Quarterly
                    Report on Form 10-Q for the quarter ended March 31, 2006, filed
                    May 9,
                    2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Quarterly
                    Report on Form 10-Q for the quarter ended June 30, 2006, filed
                    August 9,
                    2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Quarterly
                    Report on Form 10-Q for the quarter ended September 29, 2006,
                    filed
                    November 8, 2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
                    Report on Form 8-K, filed February 23, 2006;
</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
                    Report on Form 8-K, filed March 22, 2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
                    Report on Form 8-K, filed May 31, 2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
                    Report on Form 8-K, filed August 3, 2006;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
                    Report on Form 8-K/A, filed August 15, 2006;
</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif"><strong>&#183;&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
                    Report on Form 8-K, filed September 13, 2006;
                    and</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                    description of our common stock contained in our registration
                    statement on
                    Form 8-A dated January 30, 1984, including any amendment or report
                    filed
                    for the purpose of updating such
                    description.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
            may
            request a copy of these filings at no cost, by writing or telephoning
            us at the
            following address:</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">URS
            Corporation</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">600
            Montgomery Street, 26</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
            Floor</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">San
            Francisco, CA 94111-2728</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(415)
            774-2700</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
            should rely only on the information incorporated by reference or provided
            in
            this prospectus and the Registration Statement. We have authorized no
            one to
            provide you with different information. You should not assume that the
            information in this prospectus is accurate as of any date other than
            the date on
            the front of the document.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">16</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            have
            not authorized any dealer, sales person or other person to give any information
            or to make any representations other than those contained in this prospectus
            or
            any prospectus supplement. You must not rely on any unauthorized information.
            This prospectus is not an offer of these securities in any state where
            an offer
            is not permitted. The information in this prospectus is current as of
            November
            8, 2006. You should not assume that this prospectus is accurate as of
            any other
            date.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1,167,645
            SHARES</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>COMMON
            STOCK</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PROSPECTUS</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>URS
            CORPORATION</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>November
            8, 2006</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>TABLE
            OF CONTENTS </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PAGE
            </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div align="center">
            <table cellpadding="0" cellspacing="0" width="39%">

                <tr bgcolor="#cceeff">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Prospectus
                      Summary</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;2</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">URS
                      Corporation</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;2</td>
                </tr>
                <tr bgcolor="#cceeff">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Risk
                      Factors</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;3</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Use
                      of Proceeds</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;12</td>
                </tr>
                <tr bgcolor="#cceeff">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Selling
                      Stockholders</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;12</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Plan
                      of Distribution</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;13</td>
                </tr>
                <tr bgcolor="#cceeff">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Legal
                      Matters</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;15</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Where
                      You Can Find More Information</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;15</td>
                </tr>
                <tr bgcolor="#cceeff">
                  <td align="left" valign="top" width="35%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Incorporation
                      of Certain Documents By Reference</font></div>
                  </td>
                  <td align="left" valign="top" width="4%">&#160;15</td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div style="WIDTH: 100%" align="left">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </div>
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
              </div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of Contents</a></em></strong></font></div>
              <div style="WIDTH: 100%" align="left">
              </div>
            </div>
          </div><br><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a name="PartII">PART
            II</a></strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="ITEM3"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
            3.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Incorporation
            of Documents by Reference</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
            following documents are incorporated by reference in this Registration
            Statement:</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="width: 36pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                      description of the Registrant&#8217;s Common Stock contained in the Registrant&#8217;s
                      registration statement on Form&#160;8-A dated </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">January
                      30, 1984</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
                      and any further amendment or report filed hereafter for the
                      purpose of
                      updating such description;</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="width: 36pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                      Registrant&#8217;s Annual Report on Form 10-K for the year ended December 30,
                      2005, filed on March 15, 2006;</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="width: 36pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
                      other reports filed by us pursuant to Sections 13(a), 13(c),
                      14 and 15(d)
                      of the Exchange Act since December 30, 2005 (other than any
                      portion of
                      such documents that are not deemed &#8220;filed&#8221; under the Exchange Act in
                      accordance with the Exchange Act and applicable SEC rules);
                      and</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 36pt;">&#160;</td>
                  <td style="width: 36pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                      Registrant&#8217;s Form S-8 No. 333-110467, filed with the SEC on November 13,
                      2003; Form S-8 No. 333-91053, filed with the SEC on November
                      16, 1999;
                      Form&#160;S-8 Nos.&#160;333-48791 and 333-48793, each filed with the SEC
                      on March&#160;27, 1998; Form S-8 Nos. 333-24063 and 333-24067, each filed
                      with the SEC on March 27, 1997; Form S-8 No. 333-61230, filed
                      with the SEC
                      on March 31, 1995, as amended on March 31, 1995; Form S-8 No.
                      333-41047,
                      filed with the SEC on June 7, 1991, as amended on December
                      23, 1992; and
                      Form S-8 No. 33-42192, filed with the SEC on August 13, 1991,
                      are
                      incorporated by reference herein.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
            documents filed by us 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 which indicates that all securities
            offered
            have been sold or which deregisters all securities then remaining unsold,
            shall
            be incorporated by reference in this registration statement.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="ITEM5"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
            5</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 63pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Interests
            of Named Experts and Counsel.</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">See
            Part
            I, &#8220;Legal Matters.&#8221;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
              </div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="item6"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
            6</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font></a><font id="TAB2" style="COLOR: black; LETTER-SPACING: 63pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Indemnification
            of Directors and Officers.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
            145 of the Delaware General Corporation Law permits a Delaware corporation
            to
            indemnify any person who was or is a party or witness or is threatened
            to be
            made a party to any threatened, pending or completed action, suit or
            proceeding,
            whether civil, criminal, administrative or investigative (other than
            an action
            by or in the right of the corporation) by reasons of the fact that he
            or she is
            or was a director, officer, employee or agent of the corporation or is
            or was
            serving at the request of the corporation as a director, officer, employee
            or
            agent of another corporation or enterprise. Depending on the character
            of the
            proceeding, a corporation may indemnify against expenses, costs and fees
            (including attorneys' fees) judgments, fines and amounts paid in settlement
            actually and reasonably incurred in connection with such action, suit
            or
            proceeding if the person indemnified acted in good faith and in a manner
            he or
            she reasonably believed to be in or not opposed to the best interests
            of the
            corporation, and, with respect to any criminal action or proceeding,
            had no
            reasonable cause to believe his or her conduct was unlawful. In the case
            of an
            action or suit by or in the right of the corporation, no indemnification
            may be
            made in respect to any claim, issue or matter as to which such person
            shall have
            been adjudged to be liable to the corporation unless and only to the
            extent that
            the Court of Chancery of the State of Delaware, or the court in which
            such
            action or suit was brought, shall determine that, despite the adjudication
            of
            liability, such person is fairly and reasonably entitled to indemnity
            for such
            expenses which the court shall deem proper. Section 145 provides that,
            to the
            extent a director, officer, employee or agent of a corporation has been
            successful in the defense of any action, suit or proceeding referred
            to above or
            in the defense of any claim, issue or manner therein, he or she shall
            be
            indemnified against expenses (including attorneys' fees) actually and
            reasonably
            incurred by him or her in connection therewith.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
            by-laws provide for indemnification of our directors and officers to
            the fullest
            extent permitted by Delaware law and such right to indemnification shall
            continue as to a person who has ceased to be our director or officer
            and shall
            insure to the benefit of his or her heirs, executors and administrators.
            Our
            by-laws provide that every person will be indemnified against any and
            all
            judgments, fines, expenses including attorneys' fees, amounts paid in
            settling
            or otherwise disposing of threatened, pending or completed actions, suits
            or
            proceedings (including an action by or in the right of us, subject to
            certain
            conditions), whether by fact that he or she is or was our director or
            officer or
            is or was serving at our request as a director or officer of another
            corporation, subject in all instances to the requirements that such person
            acted
            in good faith and in a manner such person reasonably believed to be in
            or not
            opposed to our best interests, and with respect to any criminal action
            or
            proceeding, had no reasonable cause to believe such person's conduct
            was
            unlawful. While these provisions provide directors with protection from
            awards
            for monetary damages for breaches of their duty of care, they do not
            eliminate
            such duty. Accordingly, these provisions will have no effect on the availability
            of equitable remedies, such as an injunction or rescission based on a
            director's
            breach of his or her duty of care.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            have
            purchased and maintain insurance to protect persons entitled to indemnification
            in accordance with our by-laws against liabilities asserted against or
            incurred
            by them in their capacity or arising out of their status.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
            have
            entered into agreements with our directors and certain of our officers,
            which
            provide for indemnification. These agreements, among other things, require
            us to
            indemnify the director or officer to the fullest extent permitted by
            Delaware
            law, including indemnification for attorneys' fees and all other costs,
            expenses
            and obligations paid or incurred by the director or officer in any action
            or
            proceeding, including any action by or in the right of the Company, arising
            out
            of the person's services as a director or officer of our Company or any
            other
            corporation, partnership, joint venture, employee benefit plan, trust
            or other
            enterprise to which the person provides services at our request.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Delaware
            law permits such indemnification, provided such person acted in good
            faith and
            in a manner such person reasonably believed to be in or not opposed to
            the best
            interest of the Company and, with respect to any criminal proceeding,
            had no
            reasonable cause to believe his or her conduct was unlawful. We believe
            that our
            charter provisions and indemnification agreements are necessary to attract
            and
            retain qualified persons as directors and officers.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="item8"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
            8</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font></a><font id="TAB2" style="COLOR: black; LETTER-SPACING: 63pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
            Number </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 81pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description
            of Document</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.23&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Specimen
                    Common Stock Certificate, filed as an exhibit to our registration
                    statement on Form S-1 or amendments
                    thereto.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.1&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Opinion
                    of Cooley Godward&#160;Kronish </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LLP</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.1&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of PricewaterhouseCoopers LLP, Independent Registered Public
                    Accounting
                    Firm.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
            <table cellpadding="0" cellspacing="0" id="list" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.2&#160;&#160;</font></td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                        of Cooley Godward&#160;Kronish </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LLP</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(reference
                        is made to Exhibit 5.1).</font></div>
                    </div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">24.1&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Power
                    of Attorney. Reference is made to the signature
                    page.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 90pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1&#160;&#160;
                      </font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1991
                      Stock Incentive Plan of URS Corporation, as amended effective
                      December 17,
                      1996, filed as Appendix&#160;A to our definitive proxy statement for the
                      1997 Annual Meeting of Stockholders, filed with the SEC on
                      February&#160;13, 1997, and incorporated herein by
                      reference.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 90pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.2&#160;&#160;
                      </font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employee
                      Stock Purchase Plan, as amended and restated effective September
                      8, 2005,
                      filed as Exhibit 10.1 to our Form 10-Q, filed with the SEC
                      on November 8,
                      2005 and incorporated herein by
                      reference.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>
            <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                <tr valign="top" style="line-height: 1.25;">
                  <td style="width: 90pt;">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.3&#160;&#160;
                      </font></div>
                  </td>
                  <td>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
                      and Restated 1999 Equity Incentive Plan, effective as of
                      September&#160;30, 2006, filed as Exhibit 10.2 to our Form 8-K, filed with
                      the SEC on September 13, 2006 and incorporated herein by
                      reference.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: -90pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
              </div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><a name="item9">Item
            9.</a></strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 63pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Undertakings.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1.&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                    undersigned registrant hereby undertakes:</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(a)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                    file, during any period in which offers or sales are being made,
                    a
                    post-effective amendment to this registration
                    statement:</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(i)</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
            include any prospectus required by section 10(a)(3) of the Securities
            Act;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(ii)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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% change in the maximum aggregate
                    offering
                    price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the
                    effective registration statement.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(iii)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Provided,
            however,</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
            that
            paragraphs (a)(i) and (a)(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 registrant pursuant
            to
            section&#160;13 or section&#160;15(d) of the Exchange Act that are incorporated
            by reference in the registration statement, or is contained in a form
            of
            prospectus filed pursuant to Rule 424(b) that is part of the registration
            statement.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(b)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 herein,
                    and the
                    offering of such securities at that time shall be deemed to be
                    the initial
                    bona fide offering thereof.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(c)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(d)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
                    for the purpose of determining liability of the registrant under
                    the
                    Securities Act to any purchaser in the initial distribution of
                    the
                    securities, the undersigned registrant undertakes that in a primary
                    offering of securities of the undersigned registrant pursuant
                    to this
                    registration statement, regardless of the underwriting method
                    used to sell
                    the securities to the purchaser, if the securities are offered
                    or sold to
                    such purchaser by means of any of the following communications,
                    the
                    undersigned registrant will be a seller to the purchaser and
                    will be
                    considered to offer or sell such securities to such purchaser:
                    </font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(i)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                    preliminary prospectus or prospectus of the undersigned registrant
                    relating to the offering required to be filed pursuant to Rule
                    424;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(ii)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                    free writing prospectus relating to the offering prepared by
                    or on behalf
                    of the undersigned registrant or used or referred to by the undersigned
                    registrant;</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(iii)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                    portion of any other free writing prospectus relating to the
                    offering
                    containing material information about the undersigned registrant
                    or its
                    securities provided by or on behalf of the undersigned registrant;
                    and</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(iv)&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                    other communication that is an offer in the offering made by
                    the
                    undersigned registrant to the purchaser.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>2.&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                    undersigned registrant hereby undertakes that, for purposes of
                    determining
                    any liability under the Securities Act, each filing of the registrant&#8217;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&#8217;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
                    herein,
                    and the offering of such securities at that time shall be deemed
                    to be the
                    initial bona fide offering thereof.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>3.&#160;&#160;</strong></font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Insofar
                    as indemnification for liabilities arising under the Securities
                    Act may be
                    permitted to directors, officers and controlling persons of the
                    registrant
                    pursuant to the foregoing provisions, or otherwise, the registrant
                    has
                    been advised that in the opinion of the Securities and Exchange
                    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 registrant of expenses incurred or paid by a director, officer
                    or
                    controlling person of the registrant 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
                    registrant 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></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="center">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
              </div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="signatures"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
            to the requirements of the Securities Act of 1933, as amended, the Registrant
            certifies that it has reasonable grounds to believe it meets all of the
            requirements for filing on Form&#160;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 San Francisco, State of California, on the
            8</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
            day of
            November, 2006. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 369pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>URS
            CORPORATION</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 405pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 18pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
            Reed N. Brimhall</u></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 405pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reed
            N.
            Brimhall</font></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 405pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
            President, Controller and Chief Accounting Officer</font></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 306pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>POWER
            OF ATTORNEY</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">KNOW
            ALL
            PERSONS BY THESE PRESENTS, that each person whose signature appears below
            constitutes and appoints Reed N. Brimhall and H. Thomas Hicks, or either
            of
            them, each with the power of substitution, his or her attorney-in-fact,
            to sign
            any amendments to this Registration Statement (including post-effective
            amendments), with exhibits thereto and other documents in connection
            therewith,
            with the Securities and Exchange Commission, granting unto said
            attorneys-in-fact and agents, full power and authority to do and perform
            each
            and every act and thing requisite and necessary to be done in and about
            the
            foregoing, as fully as to all intents and purposes as such signatory
            might or
            could do in person, hereby ratifying and confirming all that said
            attorneys-in-fact and agents, or any of them, or their or his substitute
            or
            substitutes, may lawfully do or cause to be done by virtue hereof.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
            to the requirements of the Securities Act of 1933, as amended, this Registration
            Statement has been signed below by the following persons in the capacities
            and
            on the dates indicated. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
            <div>
              <table cellpadding="0" cellspacing="0" width="100%">

                  <tr>
                    <td valign="top" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -5.4pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Signature</u></strong></font></div>
                    </td>
                    <td valign="top" width="30%" style="border-bottom: medium none;">
                      <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Title</u></strong></font></div>
                    </td>
                    <td valign="top" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Date</u></strong></font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        Martin M. Koffel</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Martin
                        M. Koffel</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chairman
                        of the Board, Chief Executive Officer, President and
                        Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        H. Thomas Hicks</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">H.
                        Thomas Hicks</font></div>
                    </td>
                    <td valign="top" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
                        President and Chief Financial Officer </font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        Reed N. Brimhall</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reed
                        N. Brimhall</font></div>
                    </td>
                    <td valign="top" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
                        President, Controller and Chief Accounting Officer</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        Betsy J. Bernard</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Betsy
                        J. Bernard</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        Armen Der Marderosian</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Armen
                        Der Marderosian</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        Mickey P. Foret</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mickey
                        P. Foret</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        Joseph W. Ralston</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joseph
                        W. Ralston</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        John D. Roach</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">John
                        D. Roach</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                        William P. Sullivan</u></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">William
                        P. Sullivan</font></div>
                    </td>
                    <td valign="middle" width="30%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
                    </td>
                    <td valign="middle" width="20%" style="border-bottom: medium none;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                        8, 2006</font></div>
                    </td>
                  </tr>

              </table>
            </div><br>
            <div>&#160;</div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <div>&#160;</div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div>&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div><br>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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              <div style="WIDTH: 100%; TEXT-ALIGN: center">
              </div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em><a href="#Tableofcontents">Table
                of
                Contents</a></em></strong></font></div>
            </div>
          </div><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="exhibitindex"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
            INDEX</strong></font></a></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: -90pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
            Number</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 198pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 0pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description
            of Document</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.23&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Specimen
                    Common Stock Certificate, filed as an exhibit to our registration
                    statement on Form S-1 or amendments
                    thereto.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.1&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Opinion
                    of Cooley Godward&#160;LLP</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.1&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of PricewaterhouseCoopers LLP, Independent Registered Public
                    Accounting
                    Firm.</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top" style="line-height: 1.25;">
                <td align="right" style="width: 90pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.2&#160;&#160;</font></td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of Cooley Godward Kronish&#160;LLP</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(reference
                    is made to Exhibit 5.1).</font></div>
                </td>
              </tr>

          </table>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: -90pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;24.1&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Power
            of
            Attorney. Reference is made to the signature page.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: -90pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;99.1&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1991
            Stock Incentive Plan of URS Corporation, as amended effective December
            17, 1996,
            filed as Appendix&#160;A to our definitive proxy statement for the 1997 Annual
            Meeting of Stockholders, filed with the SEC on February&#160;13, 1997, and
            incorporated herein by reference.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: -90pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;99.2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employee
            Stock Purchase Plan, as amended and restated effective September 8, 2005,
            filed
            as Exhibit 10.1 to our Form 10-Q, filed with the SEC on November 8, 2005
            and
            incorporated herein by reference.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: -90pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;99.3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
            and Restated 1999 Equity Incentive Plan, effective as of September&#160;30,
            2006, filed as Exhibit 10.2 to our Form 8-K, filed with the SEC on September
            13,
            2006 and incorporated herein by reference.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Form S-8
Table of Contents
As
        filed
        with the Securities and Exchange Commission on November 8, 2006
Registration
        No. 333-
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        S-8
REGISTRATION
        STATEMENT
UNDER
THE
        SECURITIES ACT OF 1933
URS
        CORPORATION
(Exact
        name of registrant as specified in its charter)
Delaware
94-1381538
(State
                  of Incorporation)
(I.R.S.
                  Employer Identification No.)
600
        Montgomery Street, 26
th
Floor
San
        Francisco, CA 94111-2728
(Address
        of principal executive offices)
Employee
        Stock Purchase Plan
1999
        Equity Incentive Plan
(Full
        title of the plans)
H.
        Thomas Hicks
Vice
        President and Chief Financial Officer
URS
        Corporation
600
        Montgomery Street, 26
th
Floor
San
        Francisco, CA 94111-2728
(415)
        774-2700
(Name,
        address, including zip code, and telephone number, including area code, of
        agent
        for service)
Copies
        to:
Samuel
        M. Livermore, Esq.
Cooley
        Godward Kronish LLP
101
        California, 5
th
Floor
San
        Francisco, CA 94111-5800
(415)
        693-2000
Title
                      of Securities to be Registered
Amount
                      to be Registered(1)
Offering
                      Price Per Share(2)
Aggregate
                      Offering Price(2)
Shares
                      of Common Stock reserved for grant under the 1999 Equity Incentive
                      Plan
4,500,000
$
40.23
$
$
181,035,000
Shares
                      of Common Stock reserved for issuance under the Employee Stock
                      Purchase
                      Plan
2,400,000
$
40.23
$
$
96,552,000
Proposed
                      Maximum Aggregate Offering Price
$
$
277,587,000
Registration
                      Fee
$
$
29,701.81
(1)
Amount
          of
          securities to be registered computed in accordance with Rule 457(h) promulgated
          under the Securities Act of 1933, with respect to the Registrant's Common Stock
          issuable under the 1999 Equity Incentive Plan and the Employee Stock Purchase
          Plan. In addition, pursuant to Rule 416 under the Securities Act of 1933,
          this
          Registration Statement shall also cover any additional shares of Registrant's
          Common Stock that become issuable under the 1999 Equity Incentive Plan
          and the
          Employee Stock Purchase Plan by reason of any stock dividend, stock split,
          recapitalization or any other similar transaction effected without the
          Registrant's receipt of consideration that results in an increase in the number
          of the Registrant's outstanding shares of Common Stock.
(2)
          The
          Proposed Maximum Offering Price Per Share and Proposed Maximum Aggregate
          Offering Price are estimated in accordance with Rule 457(c) & (h)
          promulgated under the Securities Act of 1933 solely for the purpose of
          calculating the amount of registration fee based on the average of the
          high and
          low prices per share of the Common Stock as reported on the New York Stock
          Exchange on November 3, 2006.
Table
            of Contents
PART
        I
PROSPECTUS
URS
        CORPORATION
1,167,645
        Shares
Common
        Stock
The
                    Selling Stockholders:
The
                    selling stockholders identified in this prospectus may sell up
                    to
                    1,167,645 shares of our common stock acquired or to be acquired
                    by them
                    pursuant to our employee benefit plans. We are not selling any
                    shares of
                    our common stock under this prospectus and will not receive any
                    of the
                    proceeds from the sale of shares by the selling stockholders.
Offering
                    Price:
The
                    selling stockholders may sell the shares of common stock described
                    in this
                    prospectus in a number of different ways and at varying prices.
                    We provide
                    more information about how they may sell their shares in the
                    section
                    titled "Plan of Distribution" on page 13.
Trading
                    Market:
Our
                    common stock is listed on the New York Stock Exchange under the
                    symbol
                    "URS." On November 8, 2006, the closing sale price of our common stock,
                    as
                    reported on the New York Stock Exchange, was $41.90.
Risks:
Investing
                    in our common stock involves a high degree of risk. See "Risk Factors"
                    beginning on page 3.
No
        underwriter is being utilized in connection with this offering. We will bear
        the
        costs of registering the shares to be sold by the selling stockholders under
        the
        Securities Act.
The
        shares offered or sold under this prospectus have not been approved or
        disapproved by the Securities and Exchange Commission or any state securities
        commission, nor have these organizations determined that this prospectus
        is
        truthful or complete. Any representation to the contrary is a criminal offense.
The
        date of this prospectus is November 8, 2006
1
Table
            of
            Contents
Table
          of
          Contents
PART
          I PROSPECTUS
RISK
          FACTORS
USE
          OF PROCEEDS
SELLING
          STOCKHOLDERS
PLAN
          OF DISTRIBUTION
LEGAL
          MATTERS
WHERE
          YOU CAN FIND MORE
          INFORMATION
INCORPORATION
          OF CERTAIN DOCUMENTS BY REFERENCE
PART
          II
Item
          3.
Incorporation
          of Documents by Reference
Item
          5.
Interests
          of Named Experts and Counsel
Item
          6.
Indemnification
          of Directors and Officers
Item
          8.
Exhibits
Item
          9.
Undertakings
SIGNATURES
EXHIBIT
          INDEX
Exhibit
          5.1
Exhibit
          23.1
Table
              of
              Contents
PROSPECTUS
            SUMMARY
This
            summary highlights information contained elsewhere in this prospectus
            and/or the
            documents incorporated by reference. For more information about our business
            and
            the risks involved in investing in our stock, you should read carefully
            (a) the section entitled "Risk Factors" in this prospectus and the
            documents incorporated by reference and (b) our consolidated financial
            statements and related notes appearing in the documents incorporated
            by
            reference.
URS
            CORPORATION
Overview
            of Our Business
We
            are
            one of the largest engineering design services firms worldwide and a
            major U.S.
            federal government contractor for systems engineering and technical assistance
            and operations and maintenance services. Our business focuses primarily
            on
            providing fee-based professional and technical services in the engineering
            and
            construction services and defense markets, although we perform some limited
            construction work. We operate through two divisions: the URS Division
            and the
            EG&G Division. Our URS Division provides a comprehensive range of
            professional planning and design, program and construction management,
            and
            operations and maintenance services to the U.S. federal government, state
            and
            local government agencies, and private industry clients in the United
            States and
            internationally. Our EG&G Division provides planning, systems engineering
            and technical assistance, operations and maintenance, and program management
            services to various U.S. federal government agencies, primarily the Departments
            of Defense and Homeland Security.
We
            market
            our services to federal government agencies, state and local government
            agencies, private industry, and international clients through our extensive
            network of approximately 330 offices and contract-specific job sites
            across the
            U.S. and in more than 20 foreign countries. We focus our expertise on
            eight key
            markets: transportation, environmental, facilities, commercial/industrial,
            water/wastewater, homeland security, defense systems, and installations
            and
            logistics.
We
            are a
            Delaware corporation. Our principal corporate office is located at 600
            Montgomery Street, 26
th
Floor,
            San Francisco, California 94111-2728, and our telephone number is (415)
            774-2700.
2
Table
                of
                Contents
RISK
            FACTORS
Investment
            in our securities involves risks. You should consider carefully the risks
            described below, as well as other information in this prospectus and
            the
            documents incorporated by reference, before purchasing any of our securities.
            Each of these risk factors could adversely affect our business, operating
            results and financial condition, as well as adversely affect the value
            of an
            investment in our securities.
Demand
            for our services is cyclical and vulnerable to economic downturns. If
            the
            economy weakens, then our revenues, profits and our financial condition
            may
            deteriorate.
Demand
            for our services is cyclical and vulnerable to economic downturns, which
            may
            result in clients delaying, curtailing or canceling proposed and existing
            projects. For example, there was a decrease in our URS Division revenues
            of
            $77.9 million, or 3.4%, in fiscal year 2002 compared to fiscal year 2001
            as a
            result of the general economic decline. Our clients may demand better
            pricing
            terms and their ability to pay our invoices may be affected by a weakening
            economy. Our government clients may face budget deficits that prohibit
            them from
            funding proposed and existing projects. Our business traditionally lags
            the
            overall recovery in the economy; therefore, our business may not recover
            immediately when the economy improves. If the economy weakens, then our
            revenues, profits and overall financial condition may deteriorate.
We
            may not realize the full amount of revenues reflected in our book of
            business,
            which could harm our operations and significantly reduce our future
            revenues.
We
            account for all contract awards that may eventually be recognized as
            revenues as
            our "book of business," which includes backlog, designations, option years and
            IDCs. Our backlog consists of the amount billable at a particular point
            in time,
            including task orders issued under IDCs. As of September 29, 2006, our
            backlog
            was approximately $4.4 billion. Our designations consist of projects
            that
            clients have awarded us, but for which we do not yet have signed contracts.
            Our
            option year contracts are multi-year contracts with base periods, plus
            option
            years that are exercisable by our clients without the need for us to
            go through
            another competitive bidding process. Our IDCs are signed contracts under
            which
            we perform work only when our clients issue specific task orders. Our
            book of
            business estimates may not result in actual revenues in any particular
            period
            since clients may terminate or delay awards, projects and contracts and
            may
            decide not to exercise contract options or issue task orders. If we fail
            to
            realize the full amounts reflected in our book of business, our operations
            could
            be harmed and our future revenues could be significantly reduced.
3
Table
                of
                Contents
As
            a government contractor, we are subject to a number of procurement laws,
            regulations and government audits; a violation of any such laws and regulations
            could result in sanctions, contract termination, forfeiture of profit,
            harm to
            our reputation or loss of our status as an eligible government
            contractor.
We
            must
            comply with and are affected by federal, state, local and foreign laws
            and
            regulations relating to the formation, administration and performance
            of
            government contracts. For example, we must comply with the Federal Acquisition
            Regulation ("FAR"), the Truth in Negotiations Act ("TINA"), the Cost Accounting
            Standards ("CAS"), the Service Contract Act and the DOD security regulations, as
            well as many other laws and regulations. These laws and regulations affect
            how
            we transact business with our clients and in some instances, impose additional
            costs on our business operations. Even though we take precautions to
            prevent and
            deter fraud, misconduct and non-compliance, we face the risk that our
            employees
            or outside partners may engage in misconduct, fraud or other improper
            activities. Government agencies, such as the U.S. Defense Contract Audit
            Agency
            ("DCAA"), routinely audit and investigate government contractors. These
            government agencies review and audit a government contractor's performance under
            its contracts and cost structure, and compliance with applicable laws,
            regulations and standards. In addition, during the course of its audits,
            the
            DCAA may question incurred costs, and if the DCAA believes we have accounted
            for
            such costs in a manner inconsistent with the requirements for the FAR
            or CAS,
            the DCAA auditor may recommend to our U.S. government corporate administrative
            contracting officer to disallow such costs. Historically, we have not
            experienced significant disallowed costs as a result of such audits.
            However, we
            can provide no assurance that the DCAA or other government audits will
            not
            result in material disallowances for incurred costs in the future. Government
            contract violations could result in the imposition of civil and criminal
            penalties or sanctions, contract termination, forfeiture of profit, and/or
            suspension of payment, any of which could make us lose our status as
            an eligible
            government contractor. We could also suffer serious harm to our
            reputation.
Because
            we depend on federal, state and local governments for a significant portion
            of
            our revenue, our inability to win or renew government contracts during
            regulated
            procurement processes could harm our operations and significantly reduce
            or
            eliminate our profits.
Revenues
            from federal government contracts represented approximately 47% and state
            and
            local government contracts represented approximately 21%, respectively,
            of our
            total revenues for the nine months ended September 29, 2006. Government
            contracts are awarded through a regulated procurement process. The federal
            government has increasingly relied upon multi-year contracts with
            pre-established terms and conditions, such as IDCs, that generally require
            those
            contractors who have previously been awarded the IDC to engage in an
            additional
            competitive bidding process before a task order is issued. The increased
            competition, in turn, may require us to make sustained efforts to reduce
            costs
            in order to realize revenues and profits under government contracts.
            If we are
            not successful in reducing the amount of costs we incur, our profitability
            on
            government contracts will be negatively impacted. Moreover, even if we
            are
            qualified to work on a government contract, we may not be awarded the
            contract
            because of existing government policies designed to protect small businesses
            and
            underrepresented minority contractors. Our inability to win or renew
            government
            contracts during regulated procurement processes could harm our operations
            and
            significantly reduce or eliminate our profits.
4
Table
                of
                Contents
Each
            year a portion of our existing and future government contracts may be
            subject to
            the legislative appropriations process. If legislative appropriations
            are not
            made in subsequent years of a multiple-year government contract, then
            we may not
            realize all of our potential revenues and profits from that
            contract.
Each
            year
            a portion of our existing and future government contracts may be subject
            to
            legislative appropriations. For example, the passage of the SAFETEA-LU
            highway
            and transit bill in August of 2005 has provided matching funds for a
            portion of
            our state transportation projects. Legislatures typically appropriate
            funds for
            a given program on a year-by-year basis, even though contract performance
            may
            take more than one year. As a result, at the beginning of a project,
            the related
            contract may only be partially funded, and additional funding is committed
            only
            as appropriations are made in each subsequent year. These appropriations,
            and
            the timing of payment of appropriated amounts, may be influenced by,
            among other
            things, the state of the economy, competing political priorities, curtailments
            in the use of government contracting firms, budget constraints, the timing
            and
            amount of tax receipts and the overall level of government expenditures.
            If
            appropriations are not made in subsequent years of a multiple-year contract,
            we
            may not realize all of our potential revenues and profits from that
            contract.
Our
            government contracts may give the government the right to modify, curtail
            or
            terminate our contracts at their convenience at any time prior to their
            completion and, if we do not replace these contracts, then we may suffer
            a
            decline in revenues.
Government
            projects in which we participate as a contractor or subcontractor may
            extend for
            several years. Generally, government contracts include the right for
            the
            government to modify, curtail or terminate contracts and subcontracts
            at their
            convenience any time prior to their completion. Any decision by a government
            client to modify, curtail or terminate our contracts at their convenience
            may
            result in a decline in revenues.
If
            we are unable to accurately estimate and control our contract costs,
            then we may
            incur losses on our contracts, which could decrease our operating margins
            and
            significantly reduce or eliminate our profits.
It
            is
            important for us to control our contract costs so that we can maintain
            positive
            operating margins. We generally enter into three principal types of contracts
            with our clients: cost-plus, fixed-price and time-and-materials. Under
            cost-plus
            contracts, which may be subject to contract ceiling amounts, we are reimbursed
            for allowable costs and fees, which may be fixed or performance-based.
            If our
            costs exceed the contract ceiling or are not allowable under the provisions
            of
            the contract or any applicable regulations, we may not be reimbursed
            for all our
            costs. Under fixed-price contracts, we receive a fixed price regardless
            of what
            our actual costs will be. Consequently, we realize a profit on fixed-price
            contracts only if we control our costs and prevent cost over-runs on
            the
            contracts. Under time-and-materials contracts, we are paid for labor
            at
            negotiated hourly billing rates and for other expenses. Profitability
            on our
            contracts is driven by billable headcount and our ability to manage costs.
            Under
            each type of contract, if we are unable to control costs, we may incur
            losses on
            our contracts, which could decrease our operating margins and significantly
            reduce or eliminate our profits.
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Our
            actual results could differ from the estimates and assumptions that we
            use to
            prepare our financial statements, which may significantly reduce or eliminate
            our profits.
To
            prepare financial statements in conformity with generally accepted accounting
            principles, management is required to make estimates and assumptions
            as of the
            date of the financial statements, which affect the reported values of assets and
            liabilities and revenues and expenses and disclosures of contingent assets
            and
            liabilities. Areas requiring significant estimates by our management
            include:
•
the
            application of the "percentage-of-completion" method of accounting, and revenue
            recognition on contracts, change orders, and contract claims;
•
provisions
            for uncollectible receivables and customer claims and recoveries of costs
            from
            subcontractors, vendors and others;
•
provisions
            for income taxes and related valuation allowances;
•
value
            of
            goodwill and recoverability of other intangible assets;
•
valuation
            of assets acquired and liabilities assumed in connection with business
            combinations;
•
valuation
            of defined benefit pension plans and other employee benefit plans;
•
valuation
            of stock-based compensation expense; and
•
accruals
            for estimated liabilities, including litigation and insurance
            reserves.
Our
            actual results could differ from those estimates, which may significantly
            reduce
            or eliminate our profits.
Our
            use of the "percentage-of-completion" method of accounting could result in
            reduction or reversal of previously recorded revenues and
            profits.
A
            substantial portion of our revenues and profits are measured and recognized
            using the "percentage-of-completion" method of accounting, which is discussed in
            Note 1, "Accounting Policies," to our "Consolidated Financial Statements and
            Supplementary Data" included under Item 8 of our Annual Report on Form 10-K. Our
            use of this accounting method results in recognition of revenues and
            profits
            ratably over the life of a contract, based generally on the proportion
            of costs
            incurred to date to total costs expected to be incurred for the entire
            project.
            The effects of revisions to revenues and estimated costs are recorded
            when the
            amounts are known or can be reasonably estimated. Such revisions could
            occur in
            any period and their effects could be material. Although we have historically
            made reasonably reliable estimates of the progress towards completion
            of
            long-term engineering, program and construction management or construction
            contracts in process, the uncertainties inherent in the estimating process
            make
            it possible for actual costs to vary materially from estimates, including
            reductions or reversals of previously recorded revenues and profits.
If
            our goodwill or intangible assets become impaired, then our profits may
            be
            significantly reduced or eliminated.
Because
            we have grown through acquisitions, goodwill and other intangible assets
            represent a substantial portion of our assets. Goodwill and other net
            purchased
            intangible assets were $998.1 million as of September 29, 2006. Our balance
            sheet includes goodwill and other net intangible assets, the values of
            which are
            material. If any of our goodwill or intangible assets were to become
            impaired,
            we would be required to write-off the impaired amount, which may significantly
            reduce or eliminate our profits.
Our
            failure to successfully bid on new contracts and renew existing contracts
            with
            private and public sector clients
could adversely reduce or eliminate our profitability.
Our
            business depends on our ability to successfully bid on new contracts
            and renew
            existing contracts with private and public sector clients. Contract
proposals and negotiations are complex and frequently involve a lengthy
            bidding
            and selection process, which are affected by a number of factors, such
            as market
            conditions, financing arrangements and required governmental approvals.
            For
            example, a client may require us to provide a bond or letter of credit
            to
            protect the client should we fail to perform under the terms of the contract.
            If
            negative market conditions arise, or if we fail to secure adequate financial
            arrangements or the required governmental approval, we may not be able
            to pursue
            particular projects, which could adversely reduce or eliminate our
            profitability.
If
            we fail to timely complete, miss a required performance standard or otherwise
            fail to adequately perform on a project, then we may incur a loss on
            that
            project, which may reduce or eliminate our overall profitability.
We
            may
            commit to a client that we will complete a project by a scheduled date.
            We may
            also commit that a project, when completed, will achieve specified performance
            standards. If the project is not completed by the scheduled date or fails
            to
            meet required performance standards, we may either incur significant
            additional
            costs or be held responsible for the costs incurred by the client to
            rectify
            damages due to late completion or failure to achieve the required performance
            standards. The uncertainty of the timing of a project can present difficulties
            in planning the amount of personnel needed for the project. If the project
            is
            delayed or canceled, we may bear the cost of an underutilized workforce
            that was
            dedicated to fulfilling the project. In addition, performance of projects
            can be
            affected by a number of factors beyond our control, including unavoidable
            delays
            from weather conditions, unavailability of vendor materials, changes
            in the
            project scope of services requested by clients or labor disruptions.
            In some
            cases, should we fail to meet required performance standards, we may
            also be
            subject to agreed-upon financial damages, which are determined by the
            contract.
            To the extent that these events occur, the total costs of the project
            could
            exceed our estimates and we could experience reduced profits or, in some
            cases,
            incur a loss on that project, which may reduce or eliminate our overall
            profitability.
If
            our partners fail to perform their contractual obligations on a project,
            we
            could be exposed to legal
liability,
            loss of reputation or reduced or eliminated profits.
We
            sometimes enter into subcontracts, joint ventures and other contractual
            arrangements with outside partners to jointly bid on and execute a particular
            project. The success of these joint projects depends upon, among other
            things,
            the satisfactory performance of the contractual obligations of our partners.
            If
            any of our partners fails to satisfactorily perform its contractual obligations,
            we may be required to make additional expenditures and provide additional
            services to complete the project. If we are
unable
            to adequately address our partner's performance issues, then our client could
            terminate the joint project, exposing us to legal liability, loss of
            reputation
            or reduced or eliminated
profits.
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We
            may be subject to substantial liabilities under environmental laws and
            regulations.
A
            portion
            of our environmental business involves the planning, design, program
            and
            construction management and operation and maintenance of pollution control
            facilities, hazardous waste or Superfund sites and military bases. In
            addition,
            we contract with U.S. governmental entities to destroy hazardous materials,
            including chemical agents and weapons stockpiles. These activities may
            require
            us to manage, handle, remove, treat, transport and dispose of toxic or
            hazardous
            substances. We must comply with a number of governmental laws that strictly
            regulate the handling, removal, treatment, transportation and disposal
            of toxic
            and hazardous substances. Under the Comprehensive Environmental Response,
            Compensation and Liability Act ("CERCLA") and comparable state laws, we may be
            required to investigate and remediate regulated hazardous materials.
            CERCLA and
            comparable state laws typically impose strict, joint and several liabilities
            without regard to whether a company knew of or caused the release of
            hazardous
            substances. The liability for the entire cost of clean-up can be imposed
            upon
            any responsible party. Other principal federal environmental, health
            and safety
            laws affecting us include, but are not limited to, the RCRA, the National
            Environmental Policy Act, the Clean Air Act, the Clean Air Interstate
            Rule, the
            Clean Air Mercury Rule, the Occupational Safety and Health Act, the Toxic
            Substances Control Act and the Superfund Amendments and Reauthorization
            Act. Our
            business operations may also be subject to similar state and international
            laws
            relating to environmental protection. Liabilities related to environmental
            contamination or human exposure to hazardous substances, or a failure
            to comply
            with applicable regulations could result in substantial costs to us,
            including
            clean-up costs, fines and civil or criminal sanctions, third party claims
            for
            property damage or personal injury or cessation of remediation activities.
            Our
            continuing work in the areas governed by these laws and regulations exposes
            us
            to the risk of substantial liability; however, we are currently not subject
            to
            any material claims under environmental laws and regulations.
Our
            liability for damages due to legal proceedings may adversely affect us
            and
            result in a significant loss.
Various
            legal proceedings are pending against us in connection with the performance
            of
            our professional services and other actions by us, the outcome of which
            cannot
            be predicted with certainty. For example, in performing our services,
            we may be
            exposed to cost overruns, personal injury claims, property damage, labor
            shortages or disputes, weather problems and unforeseen engineering,
            architectural, environmental and geological problems. In some actions,
            parties
            may seek damages that exceed our insurance coverage. Currently, we have
            limits
            of $125.0 million per loss and $125.0 million in the aggregate for a
            13-month
            period for general liability,
professional
            errors and omissions liability and contractor's pollution liability insurance
            (in addition to other policies for some specific projects). The general
            liability policy includes a self-insured claim retention of $4.0 million
            (or
            $10.0 million in some circumstances). The professional errors and omissions
            liability and contractor's pollution liability insurance policies include a
            self-insured claim retention amount of $10.0 million each. Our services
            may
            require us to make judgments and recommendations about environmental,
            structural, geotechnical and other physical conditions at project sites.
            If our
            performance, judgments and recommendations are later found to be incomplete
            or
            incorrect, then we may be liable for the resulting damages. Although
            the outcome
            of our legal proceedings cannot be predicted with certainty and no assurance
            can
            be provided as to a favorable outcome, based on our previous experience
            in these
            matters, we do not believe that any of our legal proceedings, individually
            or
            collectively, are likely to exceed established loss accruals or our various
            professional errors and omissions, project-specific and other insurance
            policies. However, the resolution of outstanding claims is subject to
            inherent
            uncertainty and it is reasonably possible that any resolution could have
            an
            adverse effect on us. If we sustain damages that exceed our insurance
            coverage
            or for which we are not insured, our results of operations and financial
            condition could be harmed.
Changes
            in environmental laws, regulations and programs could reduce demand for
            our
            environmental services, which could in turn negatively impact our
            revenues.
Our
            environmental services business is driven by federal, state, local and
            foreign
            laws, regulations and programs related to pollution and environmental
            protection. For example, passage of the Clean Air Interstate and Clean
            Air
            Mercury environmental rules has increased our emissions control business.
            On the
            other hand, a relaxation or repeal of these laws and regulations, or
            changes in
            governmental policies regarding the funding, implementation or enforcement
            of
            these programs, could result in a decline in demand for environmental
            services,
            which could in turn negatively impact our revenues.
A
            decline in U.S. defense spending or a change in budgetary priorities
            could harm
            our operations and significantly reduce our future
revenues.
Revenues
            under contracts with the DOD and other defense-related clients represented
            approximately 36% of our total revenues for the three months ended September
            29,
            2006. While spending authorization for defense-related programs has increased
            significantly in recent years due to greater homeland security and foreign
            military commitments, as well as the trend to outsource federal government
            jobs
            to the private sector, these spending levels may not be sustainable.
            For
            example, the DOD budget declined in the late 1980s and the early 1990s,
            resulting in DOD program delays and cancellations. Future levels of expenditures
            and authorizations for these programs may decrease, remain constant or
            shift to
            programs in areas where we do not currently provide services. As a result,
            a
            general decline in U.S. defense spending or a change in budgetary priorities
            could harm our operations and significantly reduce our future
            revenues.
Our
            overall market share will decline if we are unable to compete successfully
            in
            our industry.
Our
            industry is highly fragmented and intensely competitive. According to
            the
            publication Engineering News-Record, based on information voluntarily
            reported
            by various companies, the top ten engineering design firms only accounted
            for
            approximately 32% of the total design firm revenues in 2005. Our competitors
            are
            numerous, ranging from small private firms to multi-billion dollar public
            companies. In addition, the technical and professional aspects of our
            services
            generally do not require large upfront capital expenditures and provide
            limited
            barriers against new competitors. Some of our competitors have achieved
            greater
            market penetration in some of the markets in which we compete and have
            substantially more financial resources and/or financial flexibility than
            we do.
            As a result of the number of competitors in the industry, our clients
            may select
            one of our competitors on a project due to competitive pricing or a specific
            skill set. If we are unable to maintain our competitiveness, our market
            share
            will decline. These competitive forces could have a material adverse
            effect on
            our business, financial condition and results of operations by reducing
            our
            relative share in the markets we serve.
Our
            failure to attract and retain key employees could impair our ability
            to provide
            services to our clients and otherwise conduct our business effectively.
As
            a
            professional and technical services company, we are labor intensive and
            therefore, our ability to attract, retain and expand our senior management
            and
            our professional and technical staff is an important factor in determining
            our
            future success. From time to time, it may be difficult to attract and
            retain
            qualified individuals with the expertise and in the timeframe demanded
            by our
            clients. For example, some of our government contracts may require us
            to employ
            only individuals who have particular government security clearance levels.
            In
            addition, we rely heavily upon the expertise and leadership of our senior
            management. The failure to attract and retain key individuals could impair
            our
            ability to provide services to our clients and conduct our business
            effectively.
Employee,
            agent, or partner misconduct or our failure to comply with laws or regulations
            could weaken our ability to contract with government
            clients.
As
            a federal, state and local government contractor, misconduct, fraud,
            non-compliance with applicable laws and regulations, or other improper
            activities by one of our employees, agents, or partners could have a
            significant
            negative impact on our business and reputation. Such misconduct could
            include
            the failure to comply with government procurement regulations, regulations
            regarding the protection of classified information, laws regarding the
            pricing
            of labor and other costs in government contracts, regulations on lobbying
            or
            similar activities, environmental laws and any other applicable laws
            or
            regulations. For example, we regularly provide services that may be highly
            sensitive or that relate to critical national security matters; if a
            security
            breach were to occur, our ability to procure future government contracts
            could
            be severely limited. Other examples of potential misconduct include time
            card
            fraud and violations of the Anti-Kickback Act. The precautions we take
            to
            prevent and detect these activities may not be effective, and we could
            face
            unknown risks or losses. Our failure to comply with applicable laws or
            regulations or acts of misconduct could subject us to fines and penalties,
            loss
            of security clearance and suspension or debarment from contracting, which
            could
            weaken our ability to contract with government clients.
Recent
            changes in accounting for equity-related compensation have impacted our
            financial statements and could negatively impact our ability to attract
            and
            retain key employees.
Upon
            the
            adoption of SFAS 123(R), we evaluated our current stock-based compensation
            plans
            and employee stock purchase plans. In order to minimize the volatility
            of our
            stock-based compensation expense, we are currently issuing restricted
            stock
            awards and units to selected employees rather than granting stock options.
            We
            also revised our employee stock purchase plan from a 15% discount on
            our stock
            price at the beginning or the end of the six-month offering period, whichever
            is
            lower, to a 5% discount on our stock price at the end of the six-month
            offering
            period. These changes to our equity-related compensation may negatively
            impact
            our ability to attract and retain key employees.
Our
            indebtedness could limit our ability to finance future operations or
            engage in
            other business activities.
As
            of
            September 29, 2006, we had $209.7 million of total outstanding indebtedness
            and
            $61.6 million in letters of credit outstanding against our revolving
            line of
            credit. This level of indebtedness could negatively affect us because
            it may
            impair our ability to borrow in the future and make us more vulnerable
            in an
            economic downturn. In addition, our current credit facility contains
            financial
            ratios and other covenants, which may limit our ability to, among other
            things:
•
incur
            additional indebtedness;
•
create
            liens securing debt or other encumbrances on our assets; and
•
enter
            into transactions with our stockholders and affiliates.
Although
            we are in compliance with all current credit facility covenants, our
            indebtedness could limit our ability to finance future operations or
            engage in
            other business activities.
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Because
            we are a holding company, we may not be able to service our debt if our
            subsidiaries do not make sufficient distributions to us.
We
            have
            no direct operations and no significant assets other than investments
            in the
            stock of our subsidiaries. Because we conduct our business operations
            through
            our operating subsidiaries, we depend on those entities for payments
            and
            dividends to generate the funds necessary to meet our financial obligations.
            Legal restrictions, including local regulations and contractual obligations
            associated with secured loans, such as equipment financings, may restrict
            our
            subsidiaries' ability to pay dividends or make loans or other distributions to
            us. The earnings from, or other available assets of, these operating
            subsidiaries may not be sufficient to make distributions to enable us
            to pay
            interest on our debt obligations when due or to pay the principal of
            such debt
            at maturity. As of September 29, 2006, our debt service obligations,
            comprised
            of principal and interest (excluding capital leases), during the next
            twelve
            months will be approximately $21 million. Based on the current outstanding
            indebtedness of $154 million under our Credit Facility, if market rates
            were to
            average 1% higher during that same twelve-month period, our net of tax
            interest
            expense would increase by approximately $0.9 million.
Our
            international operations are subject to a number of risks that could
            harm our
            operations and significantly reduce our future revenues.
As
            a
            multinational company, we have operations in over 20 countries and we
            derived 9%
            and 10% of our revenues from international operations for the nine months
            ended
            September 29, 2006 and September 30, 2005, respectively. International
            business
            is subject to a variety of risks, including:
•
lack
            of
            developed legal systems to enforce contractual rights;
•
greater
            risk of uncollectible accounts and longer collection cycles;
•
currency
            fluctuations;
•
logistical
            and communication challenges;
•
potentially
            adverse changes in laws and regulatory practices, including export license
            requirements, trade barriers, tariffs and tax laws;
•
changes
            in labor conditions;
•
exposure
            to liability under the Foreign Corrupt Practices Act and export control
            and
            anti-boycott laws; and
•
general
            economic and political conditions in foreign markets.
These
            and
            other risks associated with international operations could harm our overall
            operations and significantly reduce our future revenues. In addition,
            services
            billed through foreign subsidiaries are attributed to the international
            category
            of our business, regardless of where the services are performed and conversely,
            services billed through domestic operating subsidiaries are attributed
            to a
            domestic category of clients, regardless of where the services are performed.
            As
            a result, our international risk exposure may be more or less than the
            percentage of revenues attributed to our international operations.
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Our
            business activities may require our employees to travel to and work in
            high
            security risk countries, which may result in employee death or injury,
            repatriation costs or other unforeseen costs.
As
            a
            multinational company, our employees often travel to and work in high
            security
            risk countries around the world that are undergoing political, social
            and
            economic upheavals resulting in war, civil unrest, criminal activity
            or acts of
            terrorism. For example, we have employees working in high security risk
            countries located in the Middle East and Southwest Asia. As a result,
            we may be
            subject to costs related to employee death or injury, repatriation or
            other
            unforeseen circumstances.
We
            depend on third party support for our Enterprise Resource Program ("ERP") system
            and, as a result, we may incur unexpected costs that could harm our results
            of
            operations, including the possibility of abandoning our current ERP system
            and
            migrating to another ERP system.
We
            use
            accounting and project management information systems supported by Oracle
            Corporation. As of September 29, 2006, approximately 63% of our total
            revenues
            were processed on this ERP system. We depend on the vendor to provide
            long-term
            software maintenance support for our ERP system. Oracle Corporation may
            discontinue further development, integration or long-term software maintenance
            support for our ERP system. In the event we are unable to obtain the
            necessary
            long-term third party software maintenance support, we may be required
            to incur
            unexpected costs that could harm our results of operations, including
            the
            possibility of abandoning our current ERP system and migrating all of
            our
            accounting and project management information systems to another ERP
            system.
Force
            majeure events, including natural disasters and terrorists' actions have
            negatively impacted and could further negatively impact the economies
            in which
            we operate, which may affect our financial condition, results of operations
            or
            cash flows.
Force
            majeure events, including natural disasters, such as Hurricane Katrina
            that
            affected the Gulf Coast in August 2005 and terrorist attacks, such as
            those that
            occurred in New York and Washington, D.C. on September 11, 2001, could
            negatively impact the economies in which we operate. For example, Hurricane
            Katrina caused several of our Gulf Coast offices to close, interrupted
            a number
            of active client projects and forced the relocation of our employees
            in that
            region from their homes. In addition, during the September 11, 2001 terrorist
            attacks, several of our offices were shut down due to terrorist attack
            warnings.
We
            typically remain obligated to perform our services after a terrorist
            action or
            natural disaster unless the contract contains a force majeure clause
            relieving
            us of our contractual obligations in such an extraordinary event. If
            we are not
            able to react quickly to force majeure, our operations may be affected
            significantly, which would have a negative impact on our financial condition,
            results of operations or cash flows.
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Negotiations
            with labor unions and possible work actions could divert management attention
            and disrupt operations. In addition, new collective bargaining agreements
            or
            amendments to agreements could increase our labor costs and operating
            expenses.
As
            of
            September 29, 2006, approximately 8% of our employees were covered by
            collective
            bargaining agreements. The outcome of any future negotiations relating
            to union
            representation or collective bargaining agreements may not be favorable
            to us.
            We may reach agreements in collective bargaining that increase our operating
            expenses and lower our net income as a result of higher wages or benefits
            expenses. In addition, negotiations with unions could divert management
            attention and disrupt operations, which may adversely affect our results
            of
            operations. If we are unable to negotiate acceptable collective bargaining
            agreements, we may have to address the threat of union-initiated work
            actions,
            including strikes. Depending on the nature of the threat or the type
            and
            duration of any work action, these actions could disrupt our operations
            and
            adversely affect our operating results.
We
            have only a limited ability to protect our intellectual property rights,
            which
            are important to our success. Our failure to protect our intellectual
            property
            rights could adversely affect our competitive position.
Our
              success depends, in part, upon our ability to protect our proprietary
              information and other intellectual property. We rely principally on
              trade
              secrets to protect much of our intellectual property where we do not
              believe
              that patent or copyright protection is appropriate or obtainable. However,
              trade
              secrets are difficult to protect. Although our employees are subject
              to
              confidentiality obligations, this protection may be inadequate to deter
              or
              prevent misappropriation of our confidential information. In addition,
              we may be
              unable to detect unauthorized use of our intellectual property or otherwise
              take
              appropriate steps to enforce our rights. Failure to obtain or maintain
              trade
              secret protection would adversely affect our competitive business position.
              In
              addition, if we are unable to prevent third parties from infringing
              or
              misappropriating our trademarks or other proprietary information, our
              competitive position could be adversely affected.
Delaware
            law and our charter documents may impede or discourage a merger, takeover
            or
            other business combination even if the business combination would have
            been in
            the best interests of our current stockholders.
We
            are a
            Delaware corporation and the anti-takeover provisions of Delaware law
            impose
            various impediments to the ability of a third party to acquire control
            of us,
            even if a change in control would be beneficial to our existing stockholders.
            In
            addition, our board of directors has the power, without stockholder approval,
            to
            designate the terms of one or more series of preferred stock and issue
            shares of
            preferred stock, which could be used defensively if a takeover is threatened.
            Our incorporation under Delaware law, the ability of our board of directors
            to
            create and issue a new series of preferred stock and certain provisions
            in our
            certificate of incorporation and by-laws could impede a merger, takeover
            or
            other business combination involving us or discourage a potential acquirer
            from
            making a tender offer for our common stock, even if the business combination
            would have been in the best interests of our current stockholders.
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Future
            sales of our common stock in the public market could lower our stock
            price.
In
            the
            future, we or our selling stockholders may sell additional shares of
            our common
            stock in public offerings. We may also issue additional shares of our
            common
            stock to finance future acquisitions. Additionally, a substantial number
            of
            shares of our common stock is available for future sale pursuant to stock
            options that we granted to our employees to purchase shares of our common
            stock
            and also pursuant to registration rights agreements with our selling
            stockholders. We cannot predict the size of any future issuance of our
            common
            stock or the effect, dilutive or otherwise, that future sales and issuances
            of
            shares of our common stock will have on the market price of our common
            stock.
            Sales of substantial amounts of our common stock (including shares issued
            upon
            the exercise of stock options or acquisition financing), or the perception
            that
            such sales could occur, may adversely affect prevailing market prices
            for our
            common stock.
The
            market price of our equity securities may be volatile.
The
            market price of our publicly traded equity securities may change significantly
            in response to various factors and events, many of which are beyond our
            control,
            including the following:
·
the
                    other risk factors described in this prospectus
                    supplement;
·
quarterly
                    fluctuations in our financial results, including revenue, profits
                    and
                    other measures of financial performance or financial
                    condition;
·
announcements
                    by us or our competitors of significant
                    acquisitions;
·
changes
                    in securities analysts' estimates of our financial performance
                    or the
                    performance of our competitors or the financial performance of
                    companies
                    in our industry in general;
·
general
                    conditions in our industry;
·
general
                    conditions in the U.S. and/or world economy;
                    and
·
general
                    conditions in the securities markets.
Furthermore,
            in recent years, the stock market has experienced extreme price and volume
            fluctuations. This volatility has had a significant effect on the market
            prices
            of securities issued by many companies for reasons unrelated to their
            operating
            performance. These broad market fluctuations may materially adversely
            affect our
            stock price, regardless of our operating results.
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SPECIAL
            NOTE REGARDING FORWARD-LOOKING STATEMENTS
This
            prospectus and the filings incorporated into this prospectus by reference
            contain forward-looking statements within the meaning of Section 27A of the
            Securities Act of 1933, as amended (the "Securities Act"), and within the
            meaning of Section 21E of the Securities Exchange Act of 1934, as amended
            (the "Exchange Act"), that are subject to the "safe harbor" created by those
            sections. These forward-looking statements can generally be identified
            as such
            because the context of the statement will include words such as "anticipates,"
"believes," "continue," "estimates," "expects," "intends," "may," "opportunity,"
"plans," "potential," "predicts," or "will," the negative of these words or
            words of similar import. Similarly, statements that describe our future
            plans,
            strategies, intentions, expectations, objectives, goals or prospects
            are also
            forward-looking statements. Discussions containing these forward-looking
            statements may be found, among other places, in "Business" and "Management's
            Discussion and Analysis of Financial Condition and Results of Operations"
incorporated by reference from our most recent Annual Report on Form 10-K
            and our Quarterly Reports on Form 10-Q for the quarters ended subsequent to
            our filing of such Annual Report on Form 10-K with the SEC, as well as any
            amendments thereto reflected in subsequent filings with the SEC. These
            forward-looking statements are or will be, as applicable, based largely
            on our
            expectations and projections about future events and future trends affecting
            our
            business, and so are or will be, as applicable, subject to risks and
            uncertainties that could cause actual results to differ materially from
            those
            anticipated in the forward-looking statements. The risks and uncertainties
            include, among others, those listed in the section entitled "Risk Factors"
above.
Because
            the risks and uncertainties could cause actual results or outcomes to
            differ
            materially from those expressed in any forward-looking statements made
            by us or
            on our behalf, you should not place undue reliance on any forward-looking
            statements. Further, any forward-looking statement speaks only as of
            the date on
            which it is made, and we undertake no obligation to update any forward-looking
            statement to reflect events or circumstances after the date on which
            the
            statement is made or to reflect the occurrence of unanticipated events.
            In
            addition, we cannot assess the impact of each risk factor on our business
            or the
            extent to which any risk factor, or combination of risk factors, may
            cause
            actual results to differ materially from those contained in any forward-looking
            statements. Except as required by law, we undertake no obligation to
            publicly
            revise our forward-looking statements to reflect events or circumstances
            that
            arise after the date of this prospectus or the prospectus supplement
            or the date
            of documents incorporated by reference in this prospectus that include
            forward-looking statements.
USE
            OF PROCEEDS
We
            will
            not receive any of the proceeds from the sale of the shares by the selling
            stockholders. All proceeds from the sale of the shares will be for the
            accounts
            of the selling stockholders.
SELLING
            STOCKHOLDERS
The
            following table sets forth certain information regarding the beneficial
            ownership of the common stock, as of November 8, 2006, by each of the
            selling
            stockholders. As of October 30, 2006, we had 51,923,685 shares of Common
            Stock
            outstanding.
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The
            information provided in the table below with respect to each selling
            stockholder
            has been obtained from that selling stockholder. Because the selling
            stockholders may sell all or some portion of the shares of common stock
            beneficially owned by them, we cannot estimate the number of shares of
            common
            stock that will be beneficially owned by the selling stockholders after
            this
            offering. In addition, the selling stockholders may have sold, transferred
            or
            otherwise disposed of, or may sell, transfer or otherwise dispose of,
            at any
            time or from time to time, since the date on which they provided the
            information
            regarding the shares of common stock beneficially owned by them, all
            or a
            portion of the shares of common stock beneficially owned by them in transactions
            exempt from the registration requirements of the Securities Act of
            1933.
Beneficial
            ownership is determined in accordance with Rule 13d-3(d) promulgated
            by the SEC
            under the Exchange Act, provided that all shares subject to options held
            by the
            selling stockholders as of the date of this prospectus are shown. Unless
            otherwise noted, each person or group identified possesses sole voting
            and
            investment power with respect to such shares, subject to community property
            laws
            where applicable.
Selling
                        Stockholder
Number
                        of Shares Beneficially Owned (1)
Shares
                        Being Offered
Martin
                        M. Koffel (2) (3)
732,982
732,982
H.
                        Thomas Hicks (2)
46,425
46,425
Thomas
                        W. Bishop (2)
61,903
61,903
Reed
                        N. Brimhall (2)
39,731
39,731
Gary
                        Jandegian (2)
141,892
141,892
Susan
                        B. Kilgannon (2)
22,131
22,131
Joseph
                        Masters (2)
38,076
38,076
Randall
                        A. Wotring (2)
84,505
84,505
(1)
Shares
                    shown in this column include shares of common stock currently
                    owned,
                    shares of restricted stock, shares of common stock issuable pursuant
                    to
                    presently exercisable options and shares of common stock issuable
                    pursuant
                    to options that will be exercisable after the date of this
                    prospectus.
(2)
Currently
                    holds a senior level management position with us or one of our
                    subsidiaries.
(3)
Currently
                    a member of our Board of Directors.
PLAN
            OF DISTRIBUTION
The
            shares of common stock may be sold from time to time by the selling stockholders
            in one or more transactions at fixed prices, at market prices at the
            time of
            sale, at varying prices determined at the time of sale or at negotiated
            prices.
            As used in this prospectus, "selling stockholders" includes donees, pledgees,
            transferees and other successors in interest selling shares received
            from a
            selling stockholder after the date of this prospectus as a gift, pledge,
            partnership distribution or other non-sale transfer. Upon notification
            to us by
            a selling stockholder that a donee, pledgee, transferee or other successor
            in
            interest intends to sell more than 500 shares, a supplement to this prospectus
            will be filed. The selling stockholders may offer their shares of common
            stock
            in one or more of the following transactions:
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·
on
                    any national securities exchange or quotation service on which
                    the common
                    stock may be listed or quoted at the time of sale, including
                    the New York
                    Stock Exchange;
·
in
                    the over-the-counter market;
·
in
                    private transactions;
·
through
                    options;
·
by
                    pledge to secure debts and other obligations;
                    or
·
a
                    combination of any of the above
                    transactions.
If
            required, we will distribute a supplement to this prospectus to describe
            material changes in the terms of the offering.
The
            shares of common stock described in this prospectus may be sold from
            time to
            time directly by the selling stockholders. Alternatively, the selling
            stockholders may from time to time offer shares of common stock to or
            through
            underwriters, broker/dealers or agents. The selling stockholders and
            any
            underwriters, broker/dealers or agents that participate in the distribution
            of
            the shares of common stock may be deemed to be "underwriters" within the meaning
            of the Securities Act of 1933. Any profits on the resale of shares of
            common
            stock and any compensation received by any underwriter, broker/dealer
            or agent
            may be deemed to be underwriting discounts and commissions under the
            Securities
            Act of 1933. The selling stockholders may agree to indemnify any agent,
            dealer
            or broker-dealer that participates in the sale of shares of common stock
            described in this prospectus against certain liabilities, including liabilities
            arising under the Securities Act of 1933.
Any
            shares covered by this prospectus that qualify for sale pursuant to Rule
            144
            under the Securities Act of 1933 may be sold under Rule 144 rather than
            pursuant
            to this prospectus. The selling stockholders are not required to sell
            all of the
            shares registered pursuant to this prospectus. The selling stockholders
            may
            transfer, devise or gift such shares by other means not described in
            this
            prospectus.
To
            comply
            with the securities laws of certain jurisdictions, the common stock must
            be
            offered or sold only through registered or licensed brokers or dealers.
            In
            addition, in certain jurisdictions, the shares of common stock may not
            be
            offered or sold unless they have been registered or qualified for sale
            or an
            exemption is available and complied with.
The
            selling stockholders and any other person participating in such distribution
            will be subject to applicable provisions of the Exchange Act, and the
            rules and
            regulations thereunder, including, without limitation, Regulation M of the
            Exchange Act, which may limit the timing of purchases and sales of any
            of the
            shares of common stock by the selling stockholders and any other participating
            person. Regulation M may also restrict the ability of any person engaged in
            the distribution of the shares of common stock to engage in market-making
            activities with respect to the shares of common stock. All of the foregoing
            may
            affect the marketability of the shares of common stock and the ability
            of any
            person or entity to engage in market-making activities with respect to
            the
            shares of common stock.
All
            expenses of this registration, estimated at approximately $40,000, will
            be paid
            by us. These expenses include the SEC's filing fees and other fees.
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LEGAL
            MATTERS
The
            validity of the issuance of the securities offered hereby will be passed
            upon by
            Cooley Godward Kronish LLP, San Francisco, California.
WHERE
            YOU CAN FIND MORE INFORMATION
We
            file
            annual, quarterly and special reports, proxy statements, and other information
            with the SEC under the Exchange Act. You may read and copy this information
            at
            the following location of the SEC:
Public
            Reference Room
100
            F.
            Street, N.E.
Washington,
            D.C. 20549
You
            may
            also obtain copies of this information at prescribed rates by mail from
            the
            Public Reference Section of the SEC, 100 F Street, N.E., Washington,
            DC 20549.
            In addition, you may obtain information about the public reference room
            by
            calling the SEC at 1-800-SEC-0330. Furthermore, you can review copies
            of this
            information and the registration statement through the SEC's "EDGAR"
            (Electronic
            Data Gathering, Analysis and Retrieval) System, available on the SEC's
            website
            (
http://www.sec.gov
).
INCORPORATION
            OF CERTAIN DOCUMENTS BY REFERENCE
The
            SEC
            allows us to incorporate into this prospectus and the Registration Statement
            of
            which this prospectus is a part, information that we file with the SEC
            in other
            documents, which means that we can disclose important information to
            you by
            referring to those documents. The information incorporated by reference
            is an
            important part of this prospectus. Any statement contained in a document
            that is
            incorporated by reference is automatically updated and superseded if
            such
            information is contained in this prospectus, or information that we later
            file
            with the SEC modifies and replaces such information. We incorporate by
            reference
            into this Registration Statement and prospectus the documents listed
            below and
            any future filings we will make with the SEC under Sections 13(a), 13(c),
            14 or
            15(d) of the Exchange Act (other than any portion of such documents that
            are not
            deemed "filed" under the Exchange Act in accordance with the Exchange Act and
            applicable SEC rules):
·
Annual
                    Report on Form 10-K for the year ended December 30, 2005, filed
                    March 15,
                    2006;
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·
Quarterly
                    Report on Form 10-Q for the quarter ended March 31, 2006, filed
                    May 9,
                    2006;
·
Quarterly
                    Report on Form 10-Q for the quarter ended June 30, 2006, filed
                    August 9,
                    2006;
·
Quarterly
                    Report on Form 10-Q for the quarter ended September 29, 2006,
                    filed
                    November 8, 2006;
·
Current
                    Report on Form 8-K, filed February 23, 2006;
·
Current
                    Report on Form 8-K, filed March 22, 2006;
·
Current
                    Report on Form 8-K, filed May 31, 2006;
·
Current
                    Report on Form 8-K, filed August 3, 2006;
·
Current
                    Report on Form 8-K/A, filed August 15, 2006;
·
Current
                    Report on Form 8-K, filed September 13, 2006;
                    and
·
The
                    description of our common stock contained in our registration
                    statement on
                    Form 8-A dated January 30, 1984, including any amendment or report
                    filed
                    for the purpose of updating such
                    description.
You
            may
            request a copy of these filings at no cost, by writing or telephoning
            us at the
            following address:
URS
            Corporation
600
            Montgomery Street, 26
th
Floor
San
            Francisco, CA 94111-2728
(415)
            774-2700
You
            should rely only on the information incorporated by reference or provided
            in
            this prospectus and the Registration Statement. We have authorized no
            one to
            provide you with different information. You should not assume that the
            information in this prospectus is accurate as of any date other than
            the date on
            the front of the document.
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We
            have
            not authorized any dealer, sales person or other person to give any information
            or to make any representations other than those contained in this prospectus
            or
            any prospectus supplement. You must not rely on any unauthorized information.
            This prospectus is not an offer of these securities in any state where
            an offer
            is not permitted. The information in this prospectus is current as of
            November
            8, 2006. You should not assume that this prospectus is accurate as of
            any other
            date.
1,167,645
            SHARES
COMMON
            STOCK
PROSPECTUS
URS
            CORPORATION
November
            8, 2006
TABLE
            OF CONTENTS
PAGE
Prospectus
                      Summary
2
URS
                      Corporation
2
Risk
                      Factors
3
Use
                      of Proceeds
12
Selling
                      Stockholders
12
Plan
                      of Distribution
13
Legal
                      Matters
15
Where
                      You Can Find More Information
15
Incorporation
                      of Certain Documents By Reference
15
Table
                of Contents
PART
            II
Item
            3.
Incorporation
            of Documents by Reference
The
            following documents are incorporated by reference in this Registration
            Statement:
(a)
The
                      description of the Registrant's Common Stock contained in the Registrant's
                      registration statement on Form 8-A dated
January
                      30, 1984
,
                      and any further amendment or report filed hereafter for the
                      purpose of
                      updating such description;
(b)
The
                      Registrant's Annual Report on Form 10-K for the year ended December 30,
                      2005, filed on March 15, 2006;
(c)
All
                      other reports filed by us pursuant to Sections 13(a), 13(c),
                      14 and 15(d)
                      of the Exchange Act since December 30, 2005 (other than any
                      portion of
                      such documents that are not deemed "filed" under the Exchange Act in
                      accordance with the Exchange Act and applicable SEC rules);
                      and
(d)
The
                      Registrant's Form S-8 No. 333-110467, filed with the SEC on November 13,
                      2003; Form S-8 No. 333-91053, filed with the SEC on November
                      16, 1999;
                      Form S-8 Nos. 333-48791 and 333-48793, each filed with the SEC
                      on March 27, 1998; Form S-8 Nos. 333-24063 and 333-24067, each filed
                      with the SEC on March 27, 1997; Form S-8 No. 333-61230, filed
                      with the SEC
                      on March 31, 1995, as amended on March 31, 1995; Form S-8 No.
                      333-41047,
                      filed with the SEC on June 7, 1991, as amended on December
                      23, 1992; and
                      Form S-8 No. 33-42192, filed with the SEC on August 13, 1991,
                      are
                      incorporated by reference herein.
All
            documents filed by us 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 which indicates that all securities
            offered
            have been sold or which deregisters all securities then remaining unsold,
            shall
            be incorporated by reference in this registration statement.
Item
            5
.
Interests
            of Named Experts and Counsel.
See
            Part
            I, "Legal Matters."
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Item
            6
.
Indemnification
            of Directors and Officers.
Section
            145 of the Delaware General Corporation Law permits a Delaware corporation
            to
            indemnify any person who was or is a party or witness or is threatened
            to be
            made a party to any threatened, pending or completed action, suit or
            proceeding,
            whether civil, criminal, administrative or investigative (other than
            an action
            by or in the right of the corporation) by reasons of the fact that he
            or she is
            or was a director, officer, employee or agent of the corporation or is
            or was
            serving at the request of the corporation as a director, officer, employee
            or
            agent of another corporation or enterprise. Depending on the character
            of the
            proceeding, a corporation may indemnify against expenses, costs and fees
            (including attorneys' fees) judgments, fines and amounts paid in settlement
            actually and reasonably incurred in connection with such action, suit
            or
            proceeding if the person indemnified acted in good faith and in a manner
            he or
            she reasonably believed to be in or not opposed to the best interests
            of the
            corporation, and, with respect to any criminal action or proceeding,
            had no
            reasonable cause to believe his or her conduct was unlawful. In the case
            of an
            action or suit by or in the right of the corporation, no indemnification
            may be
            made in respect to any claim, issue or matter as to which such person
            shall have
            been adjudged to be liable to the corporation unless and only to the
            extent that
            the Court of Chancery of the State of Delaware, or the court in which
            such
            action or suit was brought, shall determine that, despite the adjudication
            of
            liability, such person is fairly and reasonably entitled to indemnity
            for such
            expenses which the court shall deem proper. Section 145 provides that,
            to the
            extent a director, officer, employee or agent of a corporation has been
            successful in the defense of any action, suit or proceeding referred
            to above or
            in the defense of any claim, issue or manner therein, he or she shall
            be
            indemnified against expenses (including attorneys' fees) actually and
            reasonably
            incurred by him or her in connection therewith.
Our
            by-laws provide for indemnification of our directors and officers to
            the fullest
            extent permitted by Delaware law and such right to indemnification shall
            continue as to a person who has ceased to be our director or officer
            and shall
            insure to the benefit of his or her heirs, executors and administrators.
            Our
            by-laws provide that every person will be indemnified against any and
            all
            judgments, fines, expenses including attorneys' fees, amounts paid in
            settling
            or otherwise disposing of threatened, pending or completed actions, suits
            or
            proceedings (including an action by or in the right of us, subject to
            certain
            conditions), whether by fact that he or she is or was our director or
            officer or
            is or was serving at our request as a director or officer of another
            corporation, subject in all instances to the requirements that such person
            acted
            in good faith and in a manner such person reasonably believed to be in
            or not
            opposed to our best interests, and with respect to any criminal action
            or
            proceeding, had no reasonable cause to believe such person's conduct
            was
            unlawful. While these provisions provide directors with protection from
            awards
            for monetary damages for breaches of their duty of care, they do not
            eliminate
            such duty. Accordingly, these provisions will have no effect on the availability
            of equitable remedies, such as an injunction or rescission based on a
            director's
            breach of his or her duty of care.
We
            have
            purchased and maintain insurance to protect persons entitled to indemnification
            in accordance with our by-laws against liabilities asserted against or
            incurred
            by them in their capacity or arising out of their status.
We
            have
            entered into agreements with our directors and certain of our officers,
            which
            provide for indemnification. These agreements, among other things, require
            us to
            indemnify the director or officer to the fullest extent permitted by
            Delaware
            law, including indemnification for attorneys' fees and all other costs,
            expenses
            and obligations paid or incurred by the director or officer in any action
            or
            proceeding, including any action by or in the right of the Company, arising
            out
            of the person's services as a director or officer of our Company or any
            other
            corporation, partnership, joint venture, employee benefit plan, trust
            or other
            enterprise to which the person provides services at our request.
Delaware
            law permits such indemnification, provided such person acted in good
            faith and
            in a manner such person reasonably believed to be in or not opposed to
            the best
            interest of the Company and, with respect to any criminal proceeding,
            had no
            reasonable cause to believe his or her conduct was unlawful. We believe
            that our
            charter provisions and indemnification agreements are necessary to attract
            and
            retain qualified persons as directors and officers.
Item
            8
.
Exhibits.
Exhibit
            Number
Description
            of Document
4.23
Specimen
                    Common Stock Certificate, filed as an exhibit to our registration
                    statement on Form S-1 or amendments
                    thereto.
5.1
Opinion
                    of Cooley Godward Kronish
LLP
.
23.1
Consent
                    of PricewaterhouseCoopers LLP, Independent Registered Public
                    Accounting
                    Firm.
23.2
Consent
                        of Cooley Godward Kronish
LLP
(reference
                        is made to Exhibit 5.1).
24.1
Power
                    of Attorney. Reference is made to the signature
                    page.
99.1
1991
                      Stock Incentive Plan of URS Corporation, as amended effective
                      December 17,
                      1996, filed as Appendix A to our definitive proxy statement for the
                      1997 Annual Meeting of Stockholders, filed with the SEC on
                      February 13, 1997, and incorporated herein by
                      reference.
99.2
Employee
                      Stock Purchase Plan, as amended and restated effective September
                      8, 2005,
                      filed as Exhibit 10.1 to our Form 10-Q, filed with the SEC
                      on November 8,
                      2005 and incorporated herein by
                      reference.
99.3
Amended
                      and Restated 1999 Equity Incentive Plan, effective as of
                      September 30, 2006, filed as Exhibit 10.2 to our Form 8-K, filed with
                      the SEC on September 13, 2006 and incorporated herein by
                      reference.
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                of
                Contents
Item
            9.
Undertakings.
1.
The
                    undersigned registrant hereby undertakes:
(a)
To
                    file, during any period in which offers or sales are being made,
                    a
                    post-effective amendment to this registration
                    statement:
(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% change in the maximum aggregate
                    offering
                    price set forth in the "Calculation of Registration Fee" table in the
                    effective registration statement.
(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)(i) and (a)(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 registrant pursuant
            to
            section 13 or section 15(d) of the Exchange Act that are incorporated
            by reference in the registration statement, or is contained in a form
            of
            prospectus filed pursuant to Rule 424(b) that is part of the registration
            statement.
(b)
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 herein,
                    and the
                    offering of such securities at that time shall be deemed to be
                    the initial
                    bona fide offering thereof.
(c)
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.
(d)
That,
                    for the purpose of determining liability of the registrant under
                    the
                    Securities Act to any purchaser in the initial distribution of
                    the
                    securities, the undersigned registrant undertakes that in a primary
                    offering of securities of the undersigned registrant pursuant
                    to this
                    registration statement, regardless of the underwriting method
                    used to sell
                    the securities to the purchaser, if the securities are offered
                    or sold to
                    such purchaser by means of any of the following communications,
                    the
                    undersigned registrant will be a seller to the purchaser and
                    will be
                    considered to offer or sell such securities to such purchaser:
(i)
Any
                    preliminary prospectus or prospectus of the undersigned registrant
                    relating to the offering required to be filed pursuant to Rule
                    424;
(ii)
Any
                    free writing prospectus relating to the offering prepared by
                    or on behalf
                    of the undersigned registrant or used or referred to by the undersigned
                    registrant;
(iii)
The
                    portion of any other free writing prospectus relating to the
                    offering
                    containing material information about the undersigned registrant
                    or its
                    securities provided by or on behalf of the undersigned registrant;
                    and
(iv)
Any
                    other communication that is an offer in the offering made by
                    the
                    undersigned registrant to the purchaser.
2.
The
                    undersigned registrant hereby undertakes that, for purposes of
                    determining
                    any liability under the Securities Act, each filing of the registrant'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
                    herein,
                    and the offering of such securities at that time shall be deemed
                    to be the
                    initial bona fide offering thereof.
3.
Insofar
                    as indemnification for liabilities arising under the Securities
                    Act may be
                    permitted to directors, officers and controlling persons of the
                    registrant
                    pursuant to the foregoing provisions, or otherwise, the registrant
                    has
                    been advised that in the opinion of the Securities and Exchange
                    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 registrant of expenses incurred or paid by a director, officer
                    or
                    controlling person of the registrant 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
                    registrant 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.
Table
                of
                Contents
SIGNATURES
Pursuant
            to the requirements of the Securities Act of 1933, as amended, the Registrant
            certifies that it has reasonable grounds to believe 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 San Francisco, State of California, on the
            8
th
day of
            November, 2006.
URS
            CORPORATION
By:
/s/
            Reed N. Brimhall
Reed
            N.
            Brimhall
Vice
            President, Controller and Chief Accounting Officer
POWER
            OF ATTORNEY
KNOW
            ALL
            PERSONS BY THESE PRESENTS, that each person whose signature appears below
            constitutes and appoints Reed N. Brimhall and H. Thomas Hicks, or either
            of
            them, each with the power of substitution, his or her attorney-in-fact,
            to sign
            any amendments to this Registration Statement (including post-effective
            amendments), with exhibits thereto and other documents in connection
            therewith,
            with the Securities and Exchange Commission, granting unto said
            attorneys-in-fact and agents, full power and authority to do and perform
            each
            and every act and thing requisite and necessary to be done in and about
            the
            foregoing, as fully as to all intents and purposes as such signatory
            might or
            could do in person, hereby ratifying and confirming all that said
            attorneys-in-fact and agents, or any of them, or their or his substitute
            or
            substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant
            to the requirements of the Securities Act of 1933, as amended, this Registration
            Statement has been signed below by the following persons in the capacities
            and
            on the dates indicated.
Signature
Title
Date
/s/
                        Martin M. Koffel
Martin
                        M. Koffel
Chairman
                        of the Board, Chief Executive Officer, President and
                        Director
November
                        8, 2006
/s/
                        H. Thomas Hicks
H.
                        Thomas Hicks
Vice
                        President and Chief Financial Officer
November
                        8, 2006
/s/
                        Reed N. Brimhall
Reed
                        N. Brimhall
Vice
                        President, Controller and Chief Accounting Officer
November
                        8, 2006
/s/
                        Betsy J. Bernard
Betsy
                        J. Bernard
Director
November
                        8, 2006
/s/
                        Armen Der Marderosian
Armen
                        Der Marderosian
Director
November
                        8, 2006
/s/
                        Mickey P. Foret
Mickey
                        P. Foret
Director
November
                        8, 2006
/s/
                        Joseph W. Ralston
Joseph
                        W. Ralston
Director
November
                        8, 2006
/s/
                        John D. Roach
John
                        D. Roach
Director
November
                        8, 2006
/s/
                        William P. Sullivan
William
                        P. Sullivan
Director
November
                        8, 2006
Table
                of
                Contents
EXHIBIT
            INDEX
Exhibit
            Number
Description
            of Document
4.23
Specimen
                    Common Stock Certificate, filed as an exhibit to our registration
                    statement on Form S-1 or amendments
                    thereto.
5.1
Opinion
                    of Cooley Godward LLP
.
23.1
Consent
                    of PricewaterhouseCoopers LLP, Independent Registered Public
                    Accounting
                    Firm.
23.2
Consent
                    of Cooley Godward Kronish LLP
(reference
                    is made to Exhibit 5.1).
24.1
Power
            of
            Attorney. Reference is made to the signature page.
99.1
1991
            Stock Incentive Plan of URS Corporation, as amended effective December
            17, 1996,
            filed as Appendix A to our definitive proxy statement for the 1997 Annual
            Meeting of Stockholders, filed with the SEC on February 13, 1997, and
            incorporated herein by reference.
99.2
Employee
            Stock Purchase Plan, as amended and restated effective September 8, 2005,
            filed
            as Exhibit 10.1 to our Form 10-Q, filed with the SEC on November 8, 2005
            and
            incorporated herein by reference.
99.3
Amended
            and Restated 1999 Equity Incentive Plan, effective as of September 30,
            2006, filed as Exhibit 10.2 to our Form 8-K, filed with the SEC on September
            13,
            2006 and incorporated herein by reference.