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					2009
Buyers’
Guide    TA B L E O F C O N T E N T S

     2   Disclosure Information About The
         Interval International® Exchange Program
         For Members Of The Hyatt Vacation Club

    11   Resorts With 51 Or More Units Participating
         And Available For Occupancy*

    24   Resorts With 21 – 50 Units Participating
         And Available For Occupancy*

    36   Resorts With 11 – 20 Units Participating
         And Available For Occupancy*

    41   Resorts With 6 – 10 Units Participating
         And Available For Occupancy*

    44   Resorts With 1 – 5 Units Participating
         And Available For Occupancy*

    46   Resorts With 1,000 Or More Members*

    48   Resorts With 500 – 999 Members*

    49   Resorts With 250 – 499 Members*

    50   Resorts With 101 – 249 Members*

    51   Resorts With 1 – 100 Members*

    54   Telephone And Mail Directory

    55   Report Of Independent Accountants,
         Key Operating Exchange Statistics, And Notes


         *Accurate as of December 31, 2008
2
    DISCLOSURE INFORMATION ABOUT THE INTERVAL INTERNATIONAL ®
    EXCHANGE PROGRAM FOR MEMBERS OF THE HYATT VACATION CLUB
            his guide is provided to explain the Exchange Program made                 10. “Member Resort” means any resort, or vacation ownership club



T           available to members of the Hyatt Vacation Club through Interval
            International, Inc. (“II”). You should review this information to ensure
            that you understand the terms and conditions of participation in the
Exchange Program. The following are definitions of special terms which are
included within the text of this guide.
                                                                                           program for which a developer or homeowners’ association has entered
                                                                                           into a formal multi-year contract with II, as well as any resort or club
                                                                                           program in which II provides exchange services directly to owners.
                                                                                           Member Resorts include Club Resorts, except where expressly noted
                                                                                           to the contrary.


Definitions                                                                             11. “Necessary Points” means the number of Club Points (as defined in
     1. “Club” means the HYATT VACATION CLUB, which is the service name                    the Club Rules) necessary to enable a Club Member to place an
        given to the variety of exchange and reservation services and vacation             exchange request (see Paragraph 11 under Exchange Procedures
        and travel benefits currently offered and the restrictions currently                and Priorities).
        imposed through HVOI, and which allows Club Members to reserve
        accommodations at any location included within the Club’s operations.          12. “Other II Member” means an owner of a vacation interest at a Member
                                                                                           Resort, other than a Club Resort, who agrees to be bound by the terms
     2. “Club Deposit” means the deposit with II by HVOI of accommodations                 and conditions of II membership and exchange.
        from Club Resorts in one-week increments that HVOI makes, or will
        make, from time to time, on behalf of Club Members.                            13. “Suspension” or “Suspended Resort” means that a Member Resort
                                                                                           is in violation of its agreement with II or is not in compliance with II
     3. “Club Member” means the owner of record of a Vacation Interest at a                policies and procedures. While a resort is suspended, processing of
        Club Resort, who has complied with all of the terms and conditions for             new memberships, membership renewals, and exchange requests may
        membership in the Club as determined by HVOI for that Club Resort and              be temporarily halted.
        who is enrolled with the Exchange Program. A Club Member is said to
        be in good standing with II when said Club Member is current in the            14. “TDI” or “Travel Demand Index” means the seasonal indexes that are
        payment of all fees prescribed by II and is in compliance with all II              updated periodically to reflect the cycles of relative weekly demand for a
        terms and conditions then in effect.                                               specific geographic area. The TDI is a vacation planning tool offered by
                                                                                           II to assist Members in determining which time periods offer the best
     4. “Club Resort” means a Component Resort or an Affiliate Resort which,                opportunities for travel to a particular region and when accommodations
        from time to time, is owned by the Club or, in the case of an Affiliate             are most likely to be available. The TDIs are not an indication of the
        Resort, becomes affiliated with the Club by virtue of the execution of a            quality or desirability of vacationing in any specific resort, geographic
        resort agreement between the developer and/or managing entity of                   area, or season, nor are they necessarily an indication of the availability
        such resort and HVOI.                                                              of a particular week in the Exchange Program.


     5. “Club Rules” means the Hyatt Vacation Club Rules and Regulations               15. “Vacation Interest” means the ownership of or the right to use a unit
        governing the reservation and use of the Club accommodations and                   and the amenities and facilities of a vacation ownership resort for at
        facilities, which rules and regulations have been promulgated and                  least one week during any given year, but not necessarily consecutive
        adopted by HVOI. The Club Rules are attached to the Public Offering                years, and which extends for a period of at least three years and which
        Statement for Hyatt Vacation Club as Exhibit Two thereto.                          may be evidenced by points.


     6. “Confirmation” means a written or electronic acknowledgment (with the               Club Members should consult the Club’s Public Offering Statement
        exception of certain late request confirmations, which may be oral) that            and the Club Rules for the definitions of the terms Club Points,
        a request for accommodations has been fulfilled by II.                              External Exchange Period, Extended External Exchange Period, Fixed
                                                                                           Week, Home Resort Preference Period, Club Use Period, Limited Club
     7. “HVOI” means Hyatt Vacation Ownership, Inc., a Delaware corporation,               Use Period, Reservation Window, and Vacation Interest, and for further
        the manager and operator of reservation services and vacation and                  information, details, and explanations of the point requirements, the
        travel benefits for the Club.                                                       reservation and use of Club accommodations and facilities, and other
                                                                                           terms, conditions, and information regarding the Club; II is not
     8. “Host Resort” or “Host Accommodations” means the resort into which                 responsible for fulfilling any such terms and conditions, nor does II
        the Club Member has been issued a Confirmation.                                     have any control over such terms and conditions. All information
                                                                                           contained in these terms and conditions regarding the Necessary
     9. “Interval Gold® refers to the upgraded benefits package available to
                       ”                                                                   Points and all matters related thereto have been established by HVOI
        Individual Members in good standing upon payment of the applicable                 and are subject to change by HVOI.
        Interval Gold membership upgrade fee. Interval Gold status provides
        Club Members with certain additional travel and leisure benefits, not               THE TERMS AND CONDITIONS SET FORTH HEREIN ARE DIFFERENT FROM
        available through basic membership in the Exchange Program.                        II’S STANDARD TERMS AND CONDITIONS OF INDIVIDUAL MEMBERSHIP
                                                                                                                                                                                   3


    AND EXCHANGE FOR OTHER II MEMBERS, WHICH STANDARD TERMS                                        4. HVOI and II entered into a contract pursuant to which, among other
    AND CONDITIONS ARE SET FORTH IN THE II RESORT DIRECTORY AND                                       things, II will provide its Exchange Program for use by Club Members,
    OTHER II PUBLICATIONS FROM TIME TO TIME. THE TERMS AND                                            subject to the terms and conditions of membership in the Club and in
    CONDITIONS SET FORTH HEREIN HAVE BEEN SPECIALLY AGREED UPON                                       accordance with the terms and conditions set forth herein.
    BY HVOI AND II FOR OBTAINING RESORT ACCOMMODATIONS THROUGH
    THE II EXCHANGE PROGRAM. THEREFORE, WHEN PLACING A REQUEST                                    Membership
    FOR ACCOMMODATIONS WITH II YOU SHOULD REFER TO THESE TERMS                                     1. The Club maintains a corporate membership in the Exchange Program,
    AND CONDITIONS AND NOT THE STANDARD TERMS AND CONDITIONS                                          and each Club Member derives II membership benefits and exchange
    FOR OTHER II MEMBERS. IN THE EVENT OF A CONFLICT BETWEEN                                          privileges through such corporate membership. The Club enrolls each
    THESE TERMS AND CONDITIONS AND SUCH OTHER STANDARD TERMS                                          Club Member in the Exchange Program and the terms and conditions
    AND CONDITIONS, THESE TERMS AND CONDITIONS SHALL PREVAIL.                                         contained and referenced in the enrollment form is the Club Member’s
                                                                                                      contract with II, which is a separate and distinct contract from the
Who We Are                                                                                            contract with the developer or seller of the Vacation Interest. Enrollment
 1. II is a Florida corporation offering an exchange service, and in certain                          in the Exchange Program commences upon II’s receipt and processing
    circumstances other travel and leisure benefits (the “Exchange Program”)                           of the enrollment form and the applicable fee.
    for use by Club Members and Other II Members. II is a wholly owned
    subsidiary of Interval Holdings, Inc., a Delaware corporation. II’s                            2. In subsequent years, the Club arranges for renewal of the corporate
    corporate headquarters is located at:                                                             membership with II. At all times, participation in the Exchange Program
                        .O.
                       P Box 431920                                                                   by Club Members is voluntary.
                       6262 Sunset Drive
                       Miami, Florida 33243-1920                                                   3. Benefits of the Exchange Program including, but not limited to,
                       305.666.1861                                                                   participation in Special Exchange Services and various incentive
                                                                                                      programs will be provided so long as the Club Member and the Club
    The obligations of II, pursuant to this guide, may be performed by II, its                        are in good standing with II. Additionally, the Club Member must be
    authorized representatives, or designated licensees.                                              current on the payment of his Home Resort maintenance fees and
                                                                                                      taxes, and all applicable Club Dues. Membership benefits other than
 2. II is an independent exchange service company. Neither HVOI nor any                               the exchange privilege, if any, and Interval Gold benefits, are subject to
    developer of any Member Resort is an agent for or a joint venturer with II.                       separate terms and conditions. Said benefits and their terms of use
    II does not sell, lease, or otherwise convey an interest in any real property.                    may be changed, substituted, or eliminated without prior notice. Some
    Neither II, nor any of its officers or directors, has any legal or beneficial                       benefits are provided by independent third parties and II expressly
    interest in HVOI or any developer, seller, or managing entity of any resort                       disclaims responsibility for the acts or omissions of any persons or
    participating in the Exchange Program. Therefore, you agree that II is not                        entities providing such benefits.
    liable or responsible for any claim or loss incurred in connection with
    your ownership of a Vacation Interest or your participation in the Club.                       4. Participation in the Exchange Program is conditioned upon the Club’s
                                                                                                      adherence (and the adherence of Club Resorts) to II’s standards of
 3. The following are the corporate officers and directors of II:                                      service, appearance, management, and operation. The failure of the
                                                                                                      Club, or Club Resorts, to maintain these standards, or to timely renovate
    Craig M. Nash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chairman,       or construct vacation accommodations and/or amenities participating
                                                      Chief Executive Officer, Director                in, or committed to participate in, the Exchange Program, or failure of
    Jeanette E. Marbert . . . . . . . . . . . . . Chief Operating Officer, Director                    the Club to remain in good standing with II (e.g., failure to comply with
    John Galea . . . . . . . . . . . . . . . . . . . . Chief Financial Officer, Director               contractual obligations, including the obligation to enroll purchasers and
    David R. Clifton . . . . . . . . . . . . . . . . . . . . Managing Director, EMEAA                 remit fees; failure to comply with II policies and procedures), may result
    David C. Gilbert . . . . . . . . . . . . . . . . . . . . . . Executive Vice President             in suspension or termination of the Club’s affiliation with II. The Club’s
    William L. Harvey . . . . . . . . . . . . . . . . . . . . Executive Vice President                suspension or termination from the Exchange Program may result in
    Marie A. Lee . . . . . . . . . . . . . . . . . . . . . . . . . . Senior Vice President            the loss of Club Members’ II benefits, including the exchange
                                                          and Chief Information Officer                privilege for its associated Club Members.
    Victoria J. Kincke . . . . . . . . . . . . . . . . . . . . . . Senior Vice President
                                                      and General Counsel, Secretary               5. Representations concerning II and the Exchange Program are limited
    Thomas A. Bell . . . . . . . . . . . . . . . . . . . . . . . . Senior Vice President              to materials supplied or otherwise approved by II in writing. All other
    Mary Cheddie . . . . . . . . . . . . . . . . . . . . . . . . . Senior Vice President              representations are not valid or binding on II.
    Sharon Freed . . . . . . . . . . . . . . . . . . . . . . . . . . Senior Vice President
    Raul E. Estrada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Vice President       6. Not all Member Resorts are included in the Resort Directory. The failure
    Peter Zimmerman . . . . . . . . . . . . . . . . . . . . . . . . . . . Vice President              to picture a Member Resort in the Resort Directory, however, does not
                                                                                                      necessarily mean that such Member Resort is not in good standing
4


       with II, or that associated Club Members or Other II Members are not                      as the owners of a Club membership, II may continue to provide
       entitled to use the exchange privilege. Likewise, the inclusion of a                      membership and exchange benefits for all individuals listed until II
       Member Resort in the Resort Directory does not necessarily mean that                      receives verifiable documentation of any change of ownership of
       such Member Resort is in good standing with II, or that an associated                     the Vacation Interest(s).
       Club Member or Other II Member is entitled to use the exchange
       privilege. All reasonable efforts are made to ensure that published                   (k) Membership in II may be used only for personal and non-commercial
       resort information is accurate. II, however, expressly disclaims liability                purposes. Any other use of membership benefits may result in the
       in the event of omission or error.                                                        suspension or termination of a Club member’s privileges.


    7. Club Members acknowledge that:                                                        (l) Telephone conversations between Club Members and II employees
                                                                                                 or representatives may be recorded and/or monitored for training
       (a) Resort facilities, amenities, and services vary by country, location,                 and quality control purposes.
           and resort, and room accommodations vary in size, decor, and
           interior detail.                                                                  (m) If II should fail or be delayed or impaired in the performance of
                                                                                                 any obligation hereunder, including, but not limited to, providing
       (b) The description and amenities symbols provided in the Resort                          exchange accommodations, due to causes beyond the control of
           Directory for each Member Resort are representative of the features                   and without the fault or negligence of II, then II shall be excused
           generally available at such Member Resort. However, unit amenities                    from further performance upon written notice. Such causes may
           and views may vary from unit to unit within a Member Resort and                       include, but are not limited to, acts of God or public enemy, fire,
           each Club Member should review the Confirmation for specific                            strikes, lock-out or other labor unrest, riot, explosion, civil
           information about his or her exchange accommodations.                                 disobedience, declared or undeclared war, revolution, insurrection,
                                                                                                 boycotts, acts of piracy, acts of terrorism, acts of public authorities,
       (c) The exchange privilege should not be the primary reason for                           blockade, embargo, accident, epidemic or quarantine, delays or
           purchasing a Vacation Interest and the relative demand indicated in                   defaults caused by public or common carriers, and/or other
           a Travel Demand Index and assigned to any particular week should                      circumstances materially impacting travel to a particular geographic
           not be relied upon in determining the value of that week.                             region or in general.


       (d) II is not liable for any damage, loss, or theft to personal property              (n) Although II submits this disclosure statement for approval by
           left in any Club Resort accommodations; nor is II liable for any                      regulatory agencies having jurisdiction over timeshare and exchange
           damage, loss, or theft to personal property that occurs through                       programs in various states, such approval should not be interpreted
           Club Members’ use of Host Accommodations.                                             as applying to any travel, leisure, or other benefit or service falling
                                                                                                 outside the jurisdiction of any such agency.
       (e) II is not liable for any personal or bodily injury that occurs either
           at any Club Resort or at a Host Resort.                                           (o) II is prohibited from doing business with certain entities, individuals
                                                                                                 and groups of individuals as may be set forth from time to time on
       (f) Upon each use of the Exchange Program, any and all claims against                     the Specially Designated Nationals and Blocked Persons List, and
           II are waived, and II is released from all liability, if any, arising out of          the Terrorism List (collectively, “Blocked Parties”). If II receives an
           participation that occurred prior to the use of same.                                 enrollment form from a purchaser defined as a Blocked Party, II
                                                                                                 will refuse membership for such purchaser. If a Club Member
       (g) II’s liability to a Club Member, if any, in connection with participation             subsequently becomes a Blocked Party, II will cancel the
           in the Exchange Program is limited to the fees paid to II by or on                    membership without refund or further obligation by II.
           behalf of the Club Member.
                                                                                          8. Club Members acknowledge and agree that II may, upon occasion, offer
       (h) All rules and regulations of the Club, as well as these terms and                 various products and services relating to individual membership benefits,
           conditions, must be adhered to. Violation of such rules or these                  including exchange and travel benefits offered by II, through telemarketing
           terms and conditions may result in the cancellation of the Club                   programs, and Club Members consent to such telephonic solicitation.
           Member’s ability to participate in the Exchange Program without                   Club Members further acknowledge and agree that if any telephone
           further obligation by II.                                                         number provided by the Club Member as part of the membership record
                                                                                             is a cellular telephone number, the Club Member expressly consents to
       (i) If a Vacation Interest is owned by a corporation, partnership, or                 II’s use of such cellular telephone number for all purposes and methods
           trust, enrollment must be in the name of one corporate officer,                    as set forth herein.
           partner, or trustee.
                                                                                          9. The terms and conditions of participation in and use of the Exchange
       ( j) Where multiple individuals are listed in a single membership record              Program shall be construed under the laws of the State of Florida. By
                                                                                                                                                                        5


     participating in the Exchange Program, Club Members consent to the                   exchange requests made less than 60 days prior to the date requested,
     exclusive subject matter and personal jurisdiction of the courts in Miami-           Club Members may utilize a late-request exchange service in which
     Dade County, Florida. In the event of litigation between the parties, the            vacation exchange requests may be submitted from 59 days up until
     prevailing party shall be entitled to all costs incurred, including reasonable       24 hours in advance of the travel dates desired. Available Host
     attorneys’ fees.                                                                     Accommodations for the date requested will be offered and an instant
                                                                                          Confirmation will be issued if one of the availabilities offered at the time
 10. The terms and conditions of Individual Membership and Exchange,                      of the call is accepted. Holiday, summer, and other highly demanded
     including any fees associated therewith, may be changed by II in its                 weeks usually are not available through this late-request exchange
     sole discretion. Club Members will be provided written notice of any                 service. All other terms and conditions of exchange apply to this service,
     such changes through II’s regular publications or at II’s Web site at                except where expressly noted to the contrary. Once an exchange request
     IntervalWorld.com.                                                                   is submitted, it may be canceled only if notice (written or oral) of
                                                                                          cancellation is received by II prior to Confirmation of the request.
Exchange Procedures And Priorities                                                        Cancellations of Confirmations must be made in accordance with II’s
  1. To utilize the exchange privilege, including Special Exchange Services,              Exchange Cancellation Policy, as described in Paragraph 12 below.
     Club Members must be in good standing with II and the Club from the
     time a request is placed through the actual travel dates. In addition, the        6. Requests for accommodations may be placed with II by mail, fax,
     Club must be in good standing with II. For example, HVOI must comply                 telephone, or at II’s Web site at IntervalWorld.com. Requests by mail
     with its obligations to timely and properly provide II with Club Deposits.           or fax must be made on II’s standard Exchange Form, and Sections 1
     Failure to timely and properly make the Club Deposits may result in                  (mark the last box “Placing a Request Using Request First”), 2, 4, and
     the loss of exchange privileges for Club Members.                                    5 of the form must be completed. However, do not complete Section 3
                                                                                          nor provide a Deposit Number in Section 4. Requests by telephone
  2. To place a request for exchange accommodations, Club Members must                    should be made by calling the special Hyatt desk: 800-GO-HYATT (or
     contact 800-GO-HYATT directly; or, if calling from outside the United                305-668-3406 when calling from outside the United States, Canada,
     States, Canada, or parts of the Caribbean, dial 305-668-3406. A                      or parts of the Caribbean).
     Reservation Services representative will process all exchange requests
     through II and will assist the Club Member in determining whether such            7. An exchange fee is required to be paid by the Club Member to II when
     owner has the Necessary Points.                                                      placing an exchange request.


  3. To submit a valid exchange request, a minimum of three different                  8. Exchanges are arranged on a space-available basis, taking into
     resorts and one time period, three different travel periods and one                  consideration the “Comparable Exchange” concept explained in
     resort, or two different resorts and two different time periods must be              Paragraph 15. Neither II, HVOI, nor any developer or marketer, can
     requested. Club Members may be confirmed into any resort or time                      guarantee the fulfillment of a specific request.
     period requested. Requests through the Exchange Program currently
     must be for one-week increments. A Club Member may not request                    9. Deposited weeks are received on a random basis. II has no control
     and will not be confirmed into a Club Resort through the Exchange                     over the timing, location, or number of weeks available to the Exchange
     Program. A Club Member must contact the Club’s Reservation                           Program. Club Members may place requests for as many weeks as
     Services Desk in order to reserve use of accommodations at a                         desired so long as the Club Member has the Necessary Points,
     Club Resort.                                                                         currently with a minimum exchange of one week.


  4. A Club Member may place an exchange request with the Exchange                    10. Only the II Exchange Department can confirm vacation exchange requests
     Program at any time during the External Exchange Period (the Home                    and only II written Confirmations are valid, with the exception of certain
     Resort Preference Period or Club Use Period). The Club Member                        late request Confirmations, which may be oral. II will attempt to confirm
     may request exchange weeks with travel dates that occur during                       a request until 48 hours before the latest travel dates requested;
     such External Exchange Period. With respect to fixed weeks, a Club                    however, beginning on the 30th day prior to the latest travel dates
     Member also may, no later than four months prior to the expiration                   requested, the Club Member will be contacted by telephone in order
     of the Club Use Period, elect to commit all or a portion of such Club                to obtain acceptance (or rejection) by the Club Member prior to issuing
     Member’s points related to the Club Member’s fixed week to II to be                   a Confirmation. Confirmations are sent to Club Members directly
     eligible to make an exchange request during the Extended External                    from II.
     Exchange Period. Such exchange request may only be for exchange
     weeks with travel dates that occur during the Extended External                  11. Necessary Points
     Exchange Period.
                                                                                          (a) For a Confirmation to be issued, the following are the Necessary
  5. Regular exchange requests must be received by II at least 60 days                        Points required per week based on the exchange accommodations
     in advance of the commencement date of the week requested. For                           you are requesting:
6


        Color                   One-         Two-       Three-       Four-                may request substitute exchange accommodations from limited
        Code      Efficiency   Bedroom      Bedroom     Bedroom      Bedroom               travel destinations 30 days to 24 hours prior to the first date of
        RED          430         870        1,300        1,730       2,160                occupancy of such substitute exchange accommodations.
        YELLOW       360         740        1,100        1,460       1,820
        GREEN        260         540         800         1,060       1,320            (c) Notwithstanding the foregoing, a Club Member may not request
                                                                                          substitute exchange accommodations where he or she has
        (b) Club Points are not deemed used by a Club Member until II has                 canceled or has lost the use of a Confirmation as a result of the
           issued a Confirmation for that Member.                                          Host Accommodations being damaged or destroyed, or where
                                                                                          such damage or destruction is imminent. Accordingly, where a
    12. (a) The only circumstances under which a Club Member using the                    Club Member is issued a Confirmation to a Host Resort located
           Exchange Program may lose Club Points without being provided                   in an area prone to damage or destruction due to adverse weather
           Host Accommodations are if a Club Member: (i) cancels a                        conditions, earthquakes, or other natural disasters, the purchase
           Confirmation seven days or more prior to the first date of                     of exchange cancellation insurance is strongly recommended
           occupancy of the Host Accommodations being canceled and fails                  by II.
           to request substitute accommodations in accordance with II’s
           Exchange Cancellation Policy; (ii) cancels a Confirmation less              (d) II reserves the right to deny a Club Member substitute exchange
           than seven days prior to the first date of occupancy of the Host                accommodations under II’s Exchange Cancellation Policy where
           Accommodations being canceled; (iii) cancels or loses the use                  such Member has received compensation for his or her canceled
           of a Confirmation, at any time, due to the threatened or actual                 exchange accommodations pursuant exchange cancellation
           damage or destruction of the Host Accommodations; (iv) cancels                 insurance or otherwise.
           a Confirmation for substitute exchange accommodations which
           were previously issued to the Club Member under II’s Exchange              (e) In all instances that a Club Member requests substitute exchange
           Cancellation Policy; or (v) where use of the Club Deposit is lost              accommodations pursuant to II’s Exchange Cancellation Policy,
           or impaired due to circumstances beyond II’s control.                          the Club Member will be entitled to request substitute Host
                                                                                          Accommodations comparable in value to the Necessary Points
        (b) Under II’s Exchange Cancellation Policy, when a Club Member                   relinquished.
           notifies II of his or her desire to cancel a Confirmation seven
           days or more prior to the first date of occupancy of the Host               (f) The date the Club Member cancels will be deemed the new date
           Accommodations being canceled, the Club Member will be                         of relinquishment in determining a priority with respect to
           entitled to request substitute exchange accommodations,                        Paragraph 16(e).
           as long as the Club Member requests travel occurring no later
           than 12 months after the date on which the Club Member                     (g) II will retain the exchange fee paid initially to secure the canceled
           canceled said Confirmation for the Host Accommodations.                         Confirmation and, where a request for substitute exchange
           However, the time period in which such Club Member is entitled                 accommodations is allowed under II’s Exchange Cancellation
           to request substitute exchange accommodations is limited,                      Policy, the Member will be required to pay an additional exchange
           as follows:                                                                    fee at the time he or she requests substitute exchange
                                                                                          accommodations.
           (i) When a Club Member notifies II of his or her desire to cancel the
           Confirmation 60 days or more prior to the first date of occupancy        13. Irrespective of the calendar followed by any Club Resorts, Club
           of his or her Host Accommodations, the Member may request                  Members may be confirmed into a resort with weekly time periods
           substitute exchange accommodations at any time from the date               beginning on any day of the week.
           of cancellation up to 24 hours prior to the first date of occupancy
           of such substitute exchange accommodations.                            14. Any week not confirmed by II to a Club Member or Other II Member may
                                                                                      be used by II for general commercial purposes.
           (ii) Where a Club Member notifies II of his or her desire to cancel
           the Confirmation 59 to 14 days prior to the first date of occupancy      15. The Exchange Program is based upon the “Comparable Exchange”
           of his or her Host Accommodations, the Club Member may request             concept. Comparable Exchange attempts to parallel to the greatest
           substitute exchange accommodations 59 days to 24 hours prior               extent possible the supply of and demand for the regional market of
           to the first date of occupancy of such substitute exchange                 the weeks comprising, or to be comprising (as agreed upon between
           accommodations.                                                            II and HVOI), the Club Deposits with the demand for and supply of
                                                                                      the weeks being requested in exchange. Comparable Exchange also
           (iii) When a Club Member notifies II of his or her desire to cancel         attempts to ensure that Club Members are confirmed, whenever
           the Confirmation 13 to seven days prior to the first date of               possible, to resorts that are comparable in quality to the Club
           occupancy of his or her Host Accommodations, the Club Member               Resorts.
                                                                                                                                                                   7


16. II, therefore, in order to achieve its goal of providing the Club Member           certificate is requested. This Guest Certificate fee is in addition to the
    with an exchange experience comparable to that which the Club                      exchange fee required when the exchange request is placed. The Club
    provides, assigns a priority to each request based on the following                Member requesting the Guest Certificate is responsible for the acts
    factors:                                                                           and omissions of the individuals occupying the Host Accommodations,
                                                                                       including any loss or damage to the Host Resort or the Host
    (a) The supply of and demand for, within the Exchange Program, the                 Accommodations. Individuals under the age of 21 are not eligible to
        vacation week and Member Resorts being requested in exchange.                  receive a Guest Certificate. Additionally, the issuance of a Guest
                                                                                       Certificate and the use of the Host Accommodations are subject to
    (b) The supply of and demand for weeks within the Exchange Program                 any restrictions or limitations that may be imposed by the Host Resort.
        from Club Resorts.                                                             Club members are expressly prohibited from selling or exchanging a
                                                                                       Guest Certificate for cash, barter, or other consideration. In the event
    (c) The quality, facilities, and overall experience offered by Club Resorts        that any of the above terms are breached, II reserves the right to
        as compared to the quality, facilities, and overall experience of the          revoke the Guest Certificate.
        Member Resort being requested in exchange. This is based on
        evaluation forms received from exchange guests to Club Resorts,            20. By submitting an exchange request, Club Members represent and warrant
        resort inspections and evaluations, and other information received             that they have the Necessary Points, and that all Club maintenance fees
        by II regarding Club Resorts.                                                  and taxes, or similar charges, have been paid through the requested
                                                                                       travel dates. Exchange privileges may be denied and a Confirmation
    (d) When the exchange request is received by II. The earlier of two                canceled if all such payments or similar charges with the Club have
        requests for the same vacation week with identical relinquishment              not been paid.
        will receive priority.
                                                                                  Special Exchange Services
    (e) The amount of time prior to the first date of occupancy at which             1. The Getaway Program is a special exchange service offered by II from
        the Club Deposit is made available to II.                                      time to time in which resort accommodations not otherwise utilized by II
                                                                                       are confirmed to Club Members (and Other II Members) upon payment
    All of the above factors, except for when the Club Deposit is made                 of a fee plus any applicable tax. The resort accommodations available
    available to II, when a request is received, and the unit type and private         through the Getaway Program include resort accommodations that
    sleeping capacity, are constantly changing and are updated by II and               have been deposited or relinquished by Club Members and Other II
    HVOI on an ongoing basis.                                                          Members, but are not otherwise utilized by II, and resort accommodations
                                                                                       made available to II directly by resort developers or other third parties
17. In In addition to the above, priority in the exchange confirmation                  for exclusive use in the Getaway Program. The fee charged by II is
    process is provided to:                                                            based primarily upon the unit size confirmed, the location of the
                                                                                       accommodations, and the occupancy date. To participate in the
    (a) Members requesting an exchange to selected Member Resorts                      Program, the Club is not required to make a Club Deposit in order for
        that are owned, marketed, and/or managed in common with the                    Club Members to obtain Getaway accommodations. Club Members
        Home Resort, and to                                                            may not be confirmed through the Getaway Program into a Club Resort
                                                                                       through this Program. Holiday, summer, and other highly demanded
    (b) Members who own a Vacation Interest at a Member Resort                         weeks usually are not available through the Getaway Program. II
        located in the geographic regions of Australia, New Zealand                    reserves the right to limit the number of Getaway Confirmations
        and/or South Africa, and are requesting an exchange to other                   issued to a particular Club Member in any particular year and to limit
        Member Resorts that are located in the same geographic region                  the number of units confirmed to a Club Member for any given travel
        as the Member’s Home Resort.                                                   date. II’s Exchange Cancellation Policy does not apply to Getaway
                                                                                       Confirmations. Any cancellation of a Getaway Confirmation results in
18. The Host Accommodations may be used only for personal and non-                     the loss of the unit. Getaway fees will not be refunded under any
    commercial purposes.                                                               circumstances. Club Members are expressly prohibited from selling
                                                                                       or exchanging a Getaway Confirmation for cash, barter, or other
19. Club Members are expressly prohibited from exchanging or renting the               consideration. A Guest Certificate may be obtained for a Getaway
    Host Accommodations. Failure to use the Host Accommodations will                   Confirmation in accordance with the terms set forth in Paragraph 19
    not entitle Club Members to recover any Club Points. Confirmations                  under Exchange Procedures And Priorities. All other terms and conditions
    are issued only in the name of the Club Member placing the exchange                of the Exchange Program apply to this special service, except where
    request and Host Accommodations may be used only by the Club                       noted to the contrary.
    Member and accompanying guests, unless a Guest Certificate is
    obtained from II. There is a fee for each week assigned via a Guest             2. The Interval Options® Program is an alternative exchange service
    Certificate, and it must be paid, plus any applicable tax, when the                 offered by II to Club Members who are also members of the Interval
8


       Gold membership program, whereby said Club Members are allowed to          Fees
       exchange Club Points (as defined in the Club Rules) for a credit toward     The fees set forth below are applicable for residents of the United States,
       the purchase of cruise, spa, or golf vacations. Participation in this      Canada, and the Caribbean. Residents of other geographic areas are
       Program requires the payment of an exchange transaction fee, as            subject to different fees which are assessed by local servicing offices or
       designated by II at the time the request is placed, and a supplemental     representatives.
       fee upon II’s confirmation thereof. The exchange transaction fee will
       be refunded only if an exchange cannot be confirmed, if written or             1. The Club maintains a corporate membership in the II Exchange Program,
       oral cancellation of the applicable exchange request is received by II            and each Club Member derives II membership benefits and exchange
       prior to Confirmation and if the Club Member requests its refund in                privileges through such corporate membership. Participation in the
       writing. The amount of the supplemental fee is assessed on a per                  Interval Gold membership program requires the payment of annual
       person basis and varies depending on many factors, including, but                 upgrade fee of US$54, plus any applicable tax.
       not limited to, the alternative vacation package selected, the itinerary
       and travel dates selected, the accommodations selected, and the Club          2. In subsequent years, the Club arranges for renewal of the corporate
       Points relinquished. In the event that a Confirmation made through                 membership with II, but use of the II Exchange Program by Club
       the Interval Options Program is canceled, the supplemental fees shall             Members is voluntary.
       be refunded in accordance with the terms of the provider(s) of the
       alternative vacation component(s). In all instances, the alternative          3. Where a Club Member also owns a Vacation Interest at a Member
       vacation packages are requested using the Request First exchange                  Resort through which the Club Member participates as an Individual
       method. All other terms and conditions of the Exchange Program apply              Member of the II Exchange Program, said Club Member must maintain
       to this special service, except where noted to the contrary.                      his or her Individual Membership in the II Exchange Program, separate
                                                                                         and distinct from his or her participation in the corporate membership
    3. II does not guarantee the continuation of either of these special                 program offered by the Club.
       exchange services. Club Members will be advised in writing if any w
       of these services are discontinued.                                           4. The exchange fee per week confirmed due from a Club Member who
                                                                                         is placing an exchange request is US$149 for travel within the Club
                                                                                         Member’s country of residence (“domestic processing fee”) or
                                                                                         US$164 for travel outside the Club Member’s country of residence
                                                                                         (“international processing fee”). Club Members who choose to utilize
                                                                                         II’s Web site at IntervalWorld.com to transact an exchange request are
                                                                                         eligible for a $10 discount, per week confirmed, from the applicable
                                                                                         processing fee. Any request that contains travel destinations both
                                                                                         within the country of residence and outside the country of residence
                                                                                         requires the international processing fee regardless of where the
                                                                                         request is ultimately confirmed. If the international processing fee
                                                                                         is paid, no portion of the fee will be refunded if confirmed to an
                                                                                         area in which the domestic processing fee would otherwise apply.
                                                                                         Club Members residing in the United States or Canada pay only the
                                                                                         domestic processing fee for travel within the United States or Canada.
                                                                                         All exchange fees are subject to any applicable tax and must be
                                                                                         submitted to II by the Club Member at the time a request is made. If
                                                                                         the request is made by telephone, the exchange fee may be paid by a
                                                                                         credit card acceptable to II or by check. (However, where the exchange
                                                                                         fee is paid by check, Confirmation will not occur until said check has
                                                                                         been received and processed by II. Accommodations will be held for
                                                                                         five (5) calendar days pending receipt of an exchange fee. In addition,
                                                                                         in any instance in which a Club Member pays a fee by check, II
                                                                                         reserves the right to collect an administrative fee where such check
                                                                                         is returned to II. Checks are not accepted for Confirmations with
                                                                                         occupancy commencement dates within 30 days or less.) Exchange
                                                                                         fees will be refunded only if an exchange cannot be confirmed, if
                                                                                         written or oral cancellation of the applicable exchange request is
                                                                                         received by II prior to Confirmation and if the Club Member requests
                                                                                         a refund in writing. Exchange fees will not be refunded under any
                                                                                         other circumstances.
                                                                                                                                                               9


5. If a Guest Certificate is requested by the Club Member, an additional          are responsible for all personal charges (e.g., telephone calls and meals)
   fee of US$39 is required to be paid to II by the Club Member at the            at the Host Resort, any utility surcharge or other permissible charge
   time the certificate is requested. If II does not issue the Guest              imposed by a resort, as well as any damage, loss, or theft to the Host
   Certificate, the certificate fee will be refunded. Guest Certificate fees      Accommodations and facilities that are caused by Club Members or
   will not be refunded under any other circumstances.                            their guests.


6. II may suspend membership privileges in the event a Club Member             8. Fees, if any, charged by Member Resorts for the use of amenities are
   fails to pay any amount owed to the Club, II or any other company              determined and levied by each resort. Should the Club Member desire
   related to II.                                                                 to use these amenities, such fees are the responsibility of the Club
                                                                                  Member. These fees vary from resort to resort.
7. Some jurisdictions have imposed a tax on the occupant of resort
   accommodations. Consequently, any bed tax, transient occupancy tax,         9. All fees may be increased from time to time by II, in its sole discretion,
   or similar tax that is imposed shall, in those circumstances, be the           upon written notice to Club Members.
   responsibility of the exchanging Club Member. Additionally, Club Members




NOTES
10
                                                                                                                                                11

RESORTS WITH 51 OR MORE UNITS PARTICIPATING AND AVAILABLE FOR OCCUPANCY

Akiris                               Aruba Beach Club                    Bellasera Tuscan Villas & Piazza      Boyne Vacation Club at
Contrada Laccata                     L.G. Smith Boulevard #53            1795 Country Club Drive                 Mountain Grand Lodge
Marina di Nova Siri                  Oranjestad                          Kelowna, British Columbia V1Y 9N8     1 Boyne Mountain Road
Nova Siri (MT) 75020, Italy          Aruba, Dutch Caribbean              Canada                                P.O. Box 19
                                                                                                               Boyne Falls, MI 49713
Alanda Club Marbella                 Aruban Resort & Casino at           Bighorn Meadows on the
Ctra. Cádiz Km. 192                    Eagle Beach, The                    Springs at Radium Golf              Boyne Vacation Club at
Jardines de Las Golondrinas          J.E. Yrausquin Boulevard 250          Resort                                Hemlock
Marbella, Málaga, Spain              Oranjestad                          7563 Columbia Avenue and Stanley      1 Boyne Mountain Road
                                     Aruba, Dutch Caribbean                 Street                             P.O. Box 19
Alessidamo Club                                                          Radium Hot Springs                    Boyne Falls, MI 49713
Via del Mare                         Atlantic Club Reserva de            British Columbia V0A 1M0, Canada
Santa Pelagina                         Marbella                                                                Boyne Vacation Club at
Metaponto Lido (MT), Italy           Ctra. Nacional 340, Km. 193.6       Bilmar Beach Resort                     Pleasantview Loft
                                     Marbella, Málaga 29600, Spain         Condominium                         600 Highlands Drive
Alpenclub Schliersee                                                     10650 Gulf Boulevard                  Harbor Springs, MI 49790
Kirchbichelweg 18                    Atrium Resort, The                  Treasure Island, FL 33706
Schliersee 83727, Germany            Arctic Avenue at 21st Street                                              Boyne Vacation Club at
                                     Virginia Beach, VA 23451            Bintan Lagoon Resort                    Shoshone
Alpine Club, The                                                         Jalan Indera Segara                   1 Lone Mountain Trail
Schladmining/Rohrmoos                Auramar Beach Club                  Lagoi, Bintan Utara                   P.O. Box 160001
Styria 8970 Austria                  Aparthotel Auramar                  Indonesia                             Big Sky, MT 59716
                                     Apartado 851, Praia Dos Aveiros
Amatique Bay Resort & Marina         8200 Albufeira, Algarve, Portugal   Blackstone Mountain Lodge             Boyne Vacation Club at
Bahia de Amatique                                                        170 Kananakis Way                       Stillwater
Puerto Barrios, Guatemala            Bagaglino I Giardini di Porto       Canmore, Alberta, Canada              1 Lone Mountain Trail
                                       Cervo                                                                   P.O. Box 160001
American Resorts International       I Ginepri & Le Magnolie             BlueBay Beach Club                    Big Sky, MT 59716
 Holiday Network – Maria Alm         Liscia di Vacca, Sassari, Italy     Avda. Pablo Picasso s/s, Urb. Bahía
Dorf 86 – A-5761 Maria Alm                                                 Feliz                               Brewster Green Resort
Maria Alm, Austria                   Bahía Manzano                       San Agustín, Gran Canaria 35100       203 Lund Farm Way
                                     Puerto Manzano – Los Lagos          Canary Islands, Spain                 Brewster, MA 02631
American Resorts International       Villa La Angostura
 Holiday Network – St. Johann        Neuquén, Argentina                  Bluebeard’s Beach Club & Villas       Briarwood
Hans-Kappacher Str. 7-9                                                  100 Frenchman’s Bay                   Pine Valley Drive
St. Johann im Pongau 5600, Austria   Banff Rocky Mountain Resort         St. Thomas 00802                      Falmouth, MA 02540
                                     1029 Banff Avenue                   U.S. Virgin Islands
Americano Beach Lodge Resort         P.O. Box 100                                                              Brockway Springs Resort
1260 North Atlantic Avenue           Banff, Alberta T0L 0L0              Blue Ridge Village, an Equivest       101 Chipmunk Street
Daytona Beach, FL 32118              Canada                                Managed Resort                      Kings Beach, CA 96143
                                                                         Route 1, Box 264, Highway 184
Apart Holidays –                     Barceló Los Cabos                   Banner Elk, NC 28604                  Cabins at Green Mountain
  Hotel Fuenfjahreszeiten            P. Malecón Lote 5 s/n D. Fonatur                                          3864 Green Mountain Drive
Auf dem Koepfle 1-5                  San José del Cabo                   Blue Tree Resort at Lake Buena        Branson, MO 65616
Todtmoos 79682                       Mexico                                Vista
Germany                                                                  12007 Cypress Run Road                Cabo Villas Beach Resort
                                     Beach House Golf and Racquet        Orlando, FL 32836                     Callejon Del Pescador S/N
Apartur Bariloche                      Club                                                                    Cabo San Lucas 00257
Av. Mitre 685                        6800 North Ocean Boulevard          Boambee Bay Resort                    Mexico
Bariloche, Río Negro, Argentina      Myrtle Beach, SC 29577              8 Barber Close
                                                                         Toormina, New South Wales 2452        Calampiso
Aquarius Vacation Club at            Beach House Seaside Resort          Australia                             Sauci Grande, San Vito lo Capo
  Boqueron Beach                     52 Marine Parade                                                          Trapani, Sicily, Italy
Carr. #101 Int. 307                  Coolangatta, Queensland 4225        Boyne Vacation Club at Bay
KM 18, HM 8                          Australia                             Harbor Resort                       California Vacation Club –
Cabo Rojo, Puerto Rico                                                   3600 Village Harbor Drive               Desert Breezes
                                     Beach Quarters                      Bay Harbor, MI 49770                  77-955 Calle Las Brisas South
Aquarius Vacation Club at            5th & Atlantic Avenues                                                    Palm Desert, CA 92211
  Embassy Suites                     Virginia Beach, VA 23451            Boyne Vacation Club at
201 Dorado del Mar Boulevard                                               Disciples Ridge                     California Vacation Club –
Dorado, Puerto Rico                  Beacons of Minocqua, The            1 Boyne Mountain Road                   Indian Palms
                                     8250 Northern Road                  P.O. Box 19                           48-630 Monroe Street
                                     Minocqua, WI 54548                  Boyne Falls, MI 49713                 Indio, CA 92201
12

California Vacation Club –       Casa Del Mar Beach Resort           Celebrity Resorts Palm Coast     Club Asia International –
  The Lodge at Kingsbury         J.E. Yrausquin Boulevard 51/53      201 Clubhouse Drive                Crowne Plaza Riverside
133 Deer Run Court               Oranjestad                          Palm Coast, FL 32137               Kuching
Stateline, NV 89449              Aruba, Dutch Caribbean                                               Jalan Tunku Abdul Rahman
                                                                     Celebrity Resorts Steamboat      Kuching, Sarawak 93756, Malaysia
California Vacation Club –       Casa Dorada at Médano Beach           Springs – Hilltop
  Riverpointe Napa Valley        Avenida del Pescador s/n            1000 Highpoint Drive             Club Asia International –
500 Lincoln Avenue               Loc. 9 y 10 Col.                    Steamboat Springs, CO 80477        Damai Beach Resort
Napa, CA 94558                   El Médano, Cabo San Lucas, Mexico                                    Jalan Santubong
                                                                     Celebrity Resorts Steamboat      Kuching, Sarawak 93756, Malaysia
California Vacation Club –       Casa MenDan                           Springs – The Suites
  Scottsdale Camelback           Gyógyfüö ter 4                      1485 Pine Grove Road             Club Asia International –
6302 E. Camelback Road           Zalakavos                           Steamboat Springs, CO 80477        Damai Puri Resort and Spa
Scottsdale, AZ 85251             Zala 8749
                                                                                                      Jalan Santubong
                                 Hungary
                                                                     Celebrity Resorts White Sands    Kuching, Sarawak 93762, Malaysia
California Vacation Club –                                             Waikiki
  Vista Mirage                   Casa Ybel Beach and Racquet         431 Nohonani Street              Club Cala de Palmas
400 S. Hermosa                     Club                              Honolulu, HI 96815                 (Palmas del Mar)
Palm Springs, CA 92262           2255 West Gulf Drive
                                                                                                      170 Candelero Drive
                                 Sanibel Island, FL 33957
                                                                     Chalet High/Chalet High North    Humacao, PR 00791
Calypso Cay Vacation Villas                                          Route 717
4951 Calypso Cay Way             Castaways Cove                      Basye, VA 22810                  Club Casa Dorada Spa & Golf
Kissimmee, FL 34746              Collier’s Bay
                                                                                                        Resort
                                 Collier’s Bay, Grand Cayman
                                                                     Chalet High South                Km. 19.5 Carretera Transpeninsular
                                 Cayman Islands
Canada House Beach Club                                              Fairway Drive                    San José del Cabo B.C.S. 23400
1704 North Ocean Boulevard                                           Basye, VA 22810                  Mexico
Pompano Beach, FL 33062          Castillo Beach Club
                                 Lake Reception, Caleta de Fuste
                                                                     Chayofa Country Club             Club Cascadas de Baja
                                 Antigua, Fuerteventura 35600
Canadian Resorts –                                                   Chayofa, Arona                   Camino Viejo a San José
                                 Canary Islands, Spain
  Marparaiso Queen                                                   Tenerife 38627, Canary Islands   Cabo San Lucas, B.C.S., Mexico
Km. 24 Carretera a Barra Vieja                                       Spain
Acapulco, Mexico
                                 Catalina Beach Club
                                                                                                      Club de Soléil
                                 1303 South Atlantic Avenue
                                                                     Cherry Tree Condo Hotel          5499 West Tropicana Avenue
                                 Daytona Beach, FL 32018
Cancún Clipper Club                                                  2345 US 31 North                 Las Vegas, NV 89103
Mauna Loa Shopping Center                                            Traverse City, MI 49686
Apartado Postal #1725
                                 Causeway on Gull
                                                                                                      Club del Carmen
                                 8095 Lost Lake Road
Cancún, Quintana Roo 77500                                           Christie Lodge, The              Calle Noruega 2
                                 Nisswa, MN 56468
Mexico                                                               47 East Beaver Creek Boulevard   Puerto del Carmen, Lanzarote
                                                                     Avon, CO 81620                   Canary Islands, Spain
Caribbean and Dream Buildings    Cedar Lake Country Club
                                 555 Nerang Murwillumbah Road
  at Ocean Landings Resort                                           Christmas Mountain Village       Club Destin Resort
                                 Advancetown Via Nerang
900 North Atlantic Avenue                                            5944 Christmas Mountain Road     1085 Highway 98
                                 Queensland 4211, Australia
Cocoa Beach, FL 32931                                                Wisconsin Dells, WI 53965        Destin, FL 32541

                                 Celebrity Resorts Brigantine        Cibola Vista Resort and Spa
Caribbean Palm Village                                                                                Club Estela Dorada at Gruphotel
Noord 43-E Palm Beach Road
                                   Beach – The Inn                   27501 N. Lake Pleasant Road        Club Jardines Paraisol
                                 1400 Ocean Avenue                   Peoria, AZ 85383
Oranjestad                                                                                            Calle Ciudad de Reus, 19
                                 Brigantine, NJ 08203
Aruba, Dutch Caribbean                                                                                Salou, Tarragona 43840, Spain
                                                                     Cliffs Club, The
Carriage House, The              Celebrity Resorts Lake Buena        3811 Edwards Road                Club Estela Dorada at Gruphotel
105 East Harmon Avenue             Vista                             Princeville, Kauai, HI 96722       Mediterranean Club Cala Pi
Las Vegas, NV 89109              8451 Palm Parkway
                                                                                                      Urb. Torre Cala Pi
                                 Lake Buena Vista, FL 32819
                                                                     Clowance Estate & Country Club   Llucmajor
Carriage House at Pocono                                             Praze-An-Beeble                  Mallorca, Balearic Islands 07639
  Manor                          Celebrity Resorts Orlando           Camborne, Cornwall TR14 0PT      Spain
                                 2794 North Poinciana Boulevard      United Kingdom
Route 314
                                 Kissimmee, FL 34746
Pocono Manor, PA 18349                                                                                Club Flipper
                                                                     Club Armonia                     Tilkicik Mevkii
Carriage Place at Surrey         Celebrity Resorts Orlando Oaks      Kadikalesi – Turgutreis          Yalikavak
                                 2794 North Poinciana Boulevard      Bodrum-Mugla                     Bodrum, Mugla, Turkey
  Vacation Resort, The
                                 Kissimmee, FL 34746                 Turkey
430 C Highway 165 South
Branson, MO 65616                                                                                     Club Gran Dorado
                                 Celebrity Resorts Orlando Spas                                       Port Zélande 2
                                 2800 North Poinciana Boulevard                                       Oudorp 3253 MG
                                 Kissimmee, FL 34746                                                  Netherlands
                                                                                                                                              13

Club Greece at Villea Village        Club QM at Thunderbird Resort       Club Vacacional en la Torre Azul     Cordial Theaterhotel Salzburg
Analipsi, Pefkon                       Club                                Fontan                             Schallmooser Hauptstrasse 13
Sitia, Crete, Greece                 200 Nichols Boulevard               Bulevar Ixtapa s/n                   Salzburg 5020, Austria
                                     Sparks, NV 89431                    Zona Hotelera
Club Hotel Tiberias                                                      Ixtapa, Guerrero 40880, Mexico       Cordial Theaterhotel Wien
Ahad Ha’am Street                    Club Residence Capopiccolo                                               Josefstädterstrasse 22
Tiberias 14222, Israel               Località Capopiccolo                Clube Praia da Oura                  Vienna 1081, Austria
                                     Isola di Capo Rizzuto               Apartado 827
Club In                              Crotone 88076, Italy                8200 Albufeira                       Cordial-Hotel Achenkirch
Coral Beach                                                              Algarve, Portugal                    Am Achensee 177
Eilat, Israel                        Club Royale at Aztec Country                                             Achenkirch 6215, Austria
                                       Club                              Coconut Bay Resort
Club Internacional de Cancún         c/o Aztec Country Club              919 North Birch Road #101            Cordial-Hotel Reith bei
Bulevar Kukulcán                     Calle Libra, Urb. Riviera del Sol   Fort Lauderdale, FL 33304              Kitzbühel
Cancún, Quintana Roo 77500           Mijas-Costa, Málaga 29647, Spain                                         Cordial Platz 1
Mexico                                                                   Coconut Palms Beach Resort           Reith bei Kitzbühel A-6370
                                     Club Royale at Lubina Sol           611 South Atlantic Avenue            Austria
Club Intrawest – Blackcomb           c/o Aztec Country Club              New Smyrna Beach, FL 32169
4580 Chateau Boulevard               Calle Libra, Urb. Riviera del Sol                                        Costa Linda
Whistler, British Columbia V6B 5C6   Mijas-Costa, Málaga 29647, Spain    Cold Spring Properties               59 J.E. Irausquin Boulevard
Canada                                                                   460 North Ashland Road               P.O. Box 1345
                                     Club Rüyakent                       Ashland, NH 03217                    Oranjestad, Aruba, Dutch Caribbean
Club Intrawest – Palm Desert         Turgutreis Akyarlar
1 Willow Ridge                       Bodrum-Mugla, Turkey                Condohotel Villa Del Mar             Cove at Ormond Beach, The
Palm Desert, CA 92260                                                    Km. 2.5, Francisco Medino Ascencio   145 South Atlantic Avenue
                                     Club Sevilla                        Puerto Vallarta, Jalisco, Mexico     Ormond Beach, FL 32176
Club La Costa at Las Farolas         4646 West Irlo Bronson Memorial
Urb. Las Farolas                        Highway                          Condominio Gran Hotel Pucón          Cove at Yarmouth, The
Carretera Cádiz, Km. 203             Kissimmee, FL 34746                 Holzapfel 190                        183 Main Street
Mijas-Costa, Málaga, Spain                                               Pucón, Chile                         Route 28
                                     Club Sol del Este                                                        West Yarmouth, MA 02673
Club La Pension                      Avenida Roosevelt y Parada 12       Condominios Playa del Sol
115 Decatur Street                   Punta del Este, Uruguay             Calle Malecon #1                     Creekside Village
New Orleans, LA 70130                                                    Colonia Emiliano Zapata              Resort Road
                                     Club Sultán de Marbella             Puerto Vallarta, Jalisco 48300       Bryce Mountain Resort
Club Monte Anfi                      Calle Arturo Rubinstein, s/n        Mexico                               Basye, VA 22810
Barranco de la Verca                 Marbella 29600, Spain
Arguineguín, Gran Canaria 35120                                          Condominios Solamar Inn              Crown Point Condominiums
Canary Islands, Spain                Club Système Vacances at            Boulevard Sábalo #1942               220 Crown Point Drive
                                       Oasis Club                        Mazatlán, Sinaloa, Mexico            Ruidoso, NM 88355
Club Mougins                         Avenida Las Palmeras
Chemin de Val Fleuri                 Urb. Riviera del Sol                Corail Royal Plage                   Crown Regency Vacations at
Mougins 06250, France                Mijas-Costa, Málaga 29647, Spain    Tabarka, Tunisia                       Crown Regency Hotel
                                                                                                                and Towers
Club Ocean Villas II                 Club Système Vacances at Vera       Coral Beach Resort                   0 Kilometer Jones Avenue
105 Edward Taylor Road                 Beach Club                        Urbanization La Concha               Fuente Smena
  120th Street                       Urb. Pueblo Laguna                  c/Nestor Alamo, 1                    Cebu City 6000
Ocean City, MD 21842                 Ctra. Garrucha-Palomares            Playa Honda                          Philippines
                                     Urb. Vera Coast, Apdo. 198          Arrecife, Lanzarote 35500
Club Paihia                          Garrucha, Almería, Spain            Canary Islands, Spain                Crown Regency Vacation at
67 Williams Road                                                                                                Crown Regency Suites
Paihia, New Zealand                  Club Tahiti II                      Coral Reef Beach Resort              Maximo Patalinghug Jr. Avenue
                                     Calle Isla de Lobos 12              5800 Gulf Boulevard                  Lapu Lapu, Cebu 6015
Club Patara                          Costa Teguise                       St. Petersburg Beach, FL 33706       Philippines
Kalkan Club Patara                   Lanzarote
Kalkan, Turkey                       Canary Islands, Spain               Cordial Residence ‘Il Pelagone’      Crystal Beach Suites and Health
                                                                           Toscana                              Club
Club Prestige                        Club Tahoe Resort                   Km. 219 SS 1 Aurelia                 6985 Collins Avenue
Tuerkmen Mahallesi                   914 Northwood Boulevard             Loc. Il Pelagone                     Miami Beach, FL 33141
(Aydin) Kusadasi, Turkey             Incline Village, NV 89451           Gavorrano (Grosseto) I-58023
                                                                         Italy                                Cypress Pointe Grande Villas
Club QM at Kingsbury Crossing                                                                                 8651 Treasure Cay Lane
133 Deer Run Court                                                       Cordial Sanotel Badgastein           Lake Buena Vista, FL 32836
Stateline, NV 89449                                                      Conrad-Strochner-Strasse 2
                                                                         Badgastein 5640, Austria
14

Cypress Pointe Resort             Eagle Crest                        Equivest Inn On The Harbor         Falls at Ogunquit, The
8651 Treasure Cay Lane            1522 Cline Falls Road              359 Thames                         639 Main Street
Lake Buena Vista, FL 32836        Redmond, OR 97756                  Newport, RI 02840                  Ogunquit, ME 03907

Dana Inn Resort Pousada           Eagle Point                        Escapes! to Galveston              Falls Village, The
  Tabatinga                       1500 Matterhorn Circle             11739 Farm Road 3005               200 Creekside Road
Rodovia Caragua/Ubatuba, Km. 17   Vail, CO 81657                     Galveston, TX 77554                Branson, MO 65616
Caraguatatuba
São Paulo 11600, Brazil           Eagle’s Nest                       Escapes! to Greens at Bella        FantasyWorld Club Villas
                                  410 South Collier Boulevard          Vista                            2935 Hart Avenue
David Walley’s Resort –           Marco Island, FL 33937             Riordan Road                       Kissimmee, FL 32741
  A Quintus Resort                                                   430 Town Center
2001 Foothill Road                Edgewater Beach Resort             Bella Vista, AR 72714              Flagship Resort, The
Genoa, NV 89411                   95 Chase Avenue                                                       60 North Maine Avenue
                                  Dennisport, MA 02639               Escapes! to Hot Springs            Atlantic City, NJ 08401
Daytona Beach Regency                                                One Los Lagos Boulevard
400 N. Atlantic Avenue            Edgewater Resort                   Hot Springs Village, AR 71909      Flamingo Beach Resort
Daytona Beach, FL 32118           Sargood Drive Wanaka                                                  6 Billy Folly Road
                                  Wanaka, New Zealand                Escapes! to Stonebridge Village    Pelican Key, St. Maarten
Desert Breezes Resort                                                1600 Ledgestone Way                Netherlands Antilles
77-955 Calle Las Brisas, South    Edificio Rambla                    Reeds Spring, MO 65737
Palm Desert, CA 92260             Las Heras 2100                                                        Flamingo Club
                                  Mar del Plata 7600, Argentina      Esmeralda Beach Club               Marina San Eugenio
De Vere Resort Ownership –                                           Calle Ponent, 1                    Adeje, Tenerife
  Cameron House                   Eilat Club Hotel                   Playa de Levante                   Canary Islands, Spain
Cameron House Hotel & Country     Harava Road                        Calpe, Alicante 03710, Spain
  Estate                          Eilat 88000, Israel                                                   Floriday’s Orlando Resort
Loch Lomond                                                          Estero Island Beach Club           7482 Vineland Avenue
Dunbartonshire G83 8QZ            El Moro Tower El Cid at            1840 Estero Boulevard              Orlando, FL 32821
United Kingdom                      Mazatlán                         Fort Myers Beach, FL 33931
                                  Av. Camarón s/n                                                       Fort Lauderdale Beach Resort
Deerhurst Residences              Mazatlán, Sinaloa 82110, Mexico    Exclusive Resorts at the Cape      909 Breakers Avenue
1235 Deerhurst Drive                                                   Suites Hotel                     Fort Lauderdale, FL 33304
Huntsville, Ontario P1H 2EB       El Quijote Inn                     18 De Villiers Street
Canada                            Av. Camarón Sábalo s/n             Zonnebloem, Capetown 8000          Four Seasons Country Club
                                  Apartado Postal 934 & 966          South Africa                       Quinta do Lago, Apartado 3282
Diar Lemdina                      Mazatlán, Sinaloa, Mexico                                             Almancil, Algarve 8135, Portugal
Medina Vacation Club                                                 Fairmont Vacation Villas at
Yasmine                           El San Juan Towers                   Hillside                         Four Seasons Fairways
Hammamet 00191                    ESJ Towers Box 2200                5129 River View Gate               Apartado 3259
Tunisia                           6165 Isla Verde Avenue             Fairmont Hot Springs               Almansil
                                  Carolina, PR 00979-5765            British Columbia V0B 1L0, Canada   8136 Almansil Codex
Discovery Beach Resort                                                                                  Algarve, Portugal
300 Barlow Street                 Ellington at Wachesaw              Fairmont Vacation Villas at
Cocoa Beach, FL 32931                Plantation East                   Mountainside                     Four Seasons Residence Club
                                  911 Riverwood Drive                5247 Fairmont Creek Road             Aviara
Divi Village                      Murrells Inlet, SC 29576           Fairmont Hot Springs               7039 Finch Lane
J.E. Yrausquin Boulevard #93                                         British Columbia V0B 1L0, Canada   Carlsbad, CA 92009
Aruba, Dutch Caribbean            Embarcadero Pacífico
                                  Av. La Marina Sur                  Fairmont Vacation Villas at        Four Seasons Vilamoura
Domaine Mont Sainte-Anne          Esq. con Ancla                       Riverside                        Apartado 507
203 rue Val Des Neiges            Puerto Vallarta, Jalisco, Mexico   5129 River View Gate               Vilamoura Codex
   .
C.P -57                                                              Fairmont Hot Springs               Algarve 8125, Portugal
Beaupre, Quebec G0A 1E0, Canada   Emerald Grande at Harborwalk       British Columbia V0B 1L0, Canada
                                   Village                                                              Foxhunt Town Homes
Dunes Hotel & Beach Resort        10 Harbor Drive                    Fairway Forest                     4350 Hwy 64 W
Calle Campo                       Destin, FL 32541                   4350 Highway 64 West               Sapphire Valley, NC 28717
Valle de Pedro Gonzalez                                              Sapphire, NC 28774
Isla Margarita, Venezuela                                                                               Foxrun
                                  Equivest Avenue Plaza Hotel &
                                    Pro Spa                          Falcon Point                       180 Herman Wilson Road
Dutch Village, The                2111 St. Charles Avenue            175 Lake Street                    Lake Lure, NC 28746
J.E. Yrausquin Boulevard #47      New Orleans, LA 70130              Avon/Beaver Creek, CO 81620
Aruba, Dutch Caribbean                                                                                  Franz Klammer Lodge
                                                                                                        567 Mountain Village Boulevard
                                                                                                        Telluride, CO 81435
                                                                                                                                                    15

French Lick Springs Villas              Grand Sharm Resort                      Hippocampus Viña del Mar           Hotel Viva Clarion Suites
Highway 56                              Ras Om El-Sid Cliff                       Resort & Club                    14 Calle 3-08 Zona 10
French Lick, IN 47432                   Sharm el Sheikh, Egypt                  Concon                             Guatemala City, Guatemala
                                                                                Viña del Mar, Chile
Galleon Resort, The                     Grand Timber Lodge                                                         Hyatt Beach House Resort
617 Front Street                        75 Snow Flake Drive                     Historic Powhatan Resort, The      5051 Overseas Highway (US 1)
Key West, FL 33040                      Breckenridge, CO 80424                  3601 Ironbound Road                Key West, FL 33040
                                                                                Williamsburg, VA 23188
Galleria at Split Rock                  Greensprings Vacation Resort                                               Hyatt Coconut Plantation
1 Lake Drive                            3500 Ludwell Parkway                    Holiday Beach Resort               23282 Coconut Pointe Resort Drive
Lake Harmony, PA 18624                  Williamsburg, VA 23188                  1006 U.S. Highway 98 East          Bonita Beach, FL 34134
                                                                                Destin, FL 32540
Garden Hotel, The                       Halland International Resort                                               Hyatt Grand Aspen
#368 Huan Shi Dong Road                   Club                                  Holiday Club Airisto               400 Dean Street
Guangzhou, Guangdong 510064             Ta L-Ibragg                             Airistontie 700                    Aspen, CO 81611
China                                   St. Andrews, Malta                      Stormalo, Parainen 21600
                                                                                Finland                            Hyatt Hacienda del Mar
Garden Lago                             Hanalei Bay Resort –                                                       Highway 693
Calle Amsterdam, 3                        A Quintus Resort                      Holly Tree Resort Hotel            Dorado, PR 00646
Urb. Lago Menor, Puerto Alcudia         5380 Honoiki Road                       412 Main Street
Mallorca, Balearic Islands, Spain       Princeville, Kauai, HI 96722            Route 28                           Hyatt High Sierra Lodge
                                                                                West Yarmouth, MA 02673            989 Incline Way
Gardenia Plaza Resort                   Harborside Inn                                                             Incline Village, NV 89451
Shark Bay                               3 South Water Street                    Hollywood Beach Tower
Sharm El Sheikh, Egypt                  Edgartown                               301 Harrison Street                Hyatt Highlands Inn
                                        Martha’s Vineyard, MA 02539             Hollywood, FL 33019                120 Highlands Drive
Gaslamp Plaza Suites                                                                                               Carmel, CA 93923
520 E. Street                           Harborside Resort at Atlantis           Horizons by Marriott at Branson
San Diego, CA 92101                     Coral Tower Casino Drive                2929 Green Mountain Drive          Hyatt Main Street Station
                                        Paradise Island, Nassau, Bahamas        Branson, MO 65616                  505 Main Street
Gatlinburg Town Square                                                                                             Breckenridge, CO 80424
414 Airport Road                        Harbortown Point Marina Resort          Hotel Acapulco Malibu
Gatlinburg, TN 37738                      & Club                                Costera Miguel Aleman No. 79       Hyatt Mountain Lodge
                                        1651 Anchors Way                        Acapulco, Guerrero 39690, Mexico   210 Offerson Road, BCP #164
Georgian Inn Beach Club                 Ventura, CA 93001                                                          Beaver Creek, CO 81620
759 South Atlantic Avenue                                                       Hotel and Club Aladino’s
Ormond Beach, FL 32074                  Harbour Lights                          Av. Lomas del Mar #10 Fracc.       Hyatt Piñon Pointe
                                        2690 Harbour Lights Drive               Club Deportivo                     1 North Highway 89A
Goldstar Resort                         Myrtle Beach, SC 29577                  Acapulco, Guerrero, Mexico         Sedona, AZ 86336
45 rue Marechal Joffre
Nice, France 06000                      Havasu Dunes                            Hotel de la Monnaie                Hyatt Wild Oak
                                        620 Lake Havasu Avenue South            405 Esplanade Avenue               9700 W. Military Drive
Golf Beach Hotel Tabarka                Lake Havasu City, AZ 86403              New Orleans, LA 70116              San Antonio, TX 78251
                   .
Zone Touristique B.P 360
Tabarka 8110, Tunisia                   Herod’s Residence Club                  Hotel Fiesta                       Hyatt Windward Pointe
                                        North Shore                             Carretera a Puerto Caldera s/n     3675 South Roosevelt Boulevard
Golf Hotel Punta Ala                    Eilat 88000, Israel                     El Roble, Puntarenas, Costa Rica   Key West, FL 33040
via del Gualdo 2
(Castiglione della Pescaia – Toscana)   High Point World Resort                 Hotel Punta Centinela Inn          Ile des Pêcheurs
Punta Ala 58040, Italy                  2951 High Point Boulevard               Punta Centinela Santa Elena        La Coudalère Nord
                                        Kissimmee, FL 32741                     Guayas, 593 Ecuador                Barcarès 66420, France
Grand Dominicus
Bayahibe, La Romana                     Highlands at Sugar, The                 Hotel Residence Fontanelle         ILX Premiere Vacation Club –
Dominican Republic                      1077 Highlands Drive                    Villanova di Ostuni                  Bell Rock, Sedona
                                        Banner Elk, NC 28604                    Località Fontanelle 72017, Italy   6246 Highway 179
Grand Holiday Club at Flamingo                                                                                     Sedona, AZ 86351
  Club                                  Hilton Craigendarroch Resort            Hotel Santa Clara
Avda. Espana 3                          Braemar Road                            Calle del Torno 39-29              ILX Premiere Vacation Club –
San Eugenio, Puerto Colon               Ballater, Aberdeenshire AB35 5XA        San Diego – Zona Amurallada          Kohl’s Ranch Lodge
Costa Adeje                             United Kingdom                          Cartagena, Colombia                East Highway 260 HC2
Tenerife, Canary Islands                                                                                           Box 96K
                                        Hippocampus Beach                       Hotel Serena Beach Club            Payson, AZ 85541
Grand Seas Resort                         International Resort                  Punici Street
2424 North Atlantic Avenue              Final Av. El Cristo, Secc. La Caranta   Xlendi Bay
Daytona Beach, FL 32118                 Pampatar, Isla Margarita, Venezuela     Island of Gozo VCT 115, Malta
16

ILX Premiere Vacation Club –         Island Village                        La Cabana Beach & Racquet              Laugharne Park
  Sedona Vacation Club at Los        Playa de las Américas                   Club                                 Laugharne
  Abrigados                          Urb. San Eugenio Alto                 J.E. Yrausquin Boulevard 250           Dyfed SA33 4SG, United Kingdom
160 Portal Lane                      Avenida Austria                       Oranjestad
Sedona, AZ 86351                     Adeje, Tenerife 38660                 Aruba, Dutch Caribbean                 Laurel Crest Resort
                                     Canary Islands, Spain                                                        636 Wears Valley Road
ILX Premier Vacation Club –                                                La Costa Beach Club                    Pigeon Forge, TN 37863
  Varsity Clubs, Tucson Chapter      Island Village – The Heights          1504 North Ocean Boulevard
3855 East Speedway Boulevard         Playa de las Américas                 Pompano Beach, FL 33062                Lawai Beach Resort –
Tucson, AZ 85716                     Urb. San Eugenio Alto, Calle Italia                                            Alii Building
                                     Adeje, Tenerife 38660                 La Quinta Beach Resort                 5017 Lawai Road
                                     Canary Islands, Spain                 J.E. Irausquin Boulevard 228           Koloa, Kauai, HI 96756
Imperial Fiesta Club Casa Maya
Paseo Kukulcán Km. 5.5                                                     Eagle Beach
Cancún, Quintana Roo 77500, Mexico   Islander Beach Resort                 Oranjestad                             Lawai Beach Resort –
                                     1601 South Atlantic Avenue            Aruba, Dutch Caribbean                   Banyan Building
                                     New Smyrna Beach, FL 32169
Imperial Hawaii Vacation Club –                                                                                   5017 Lawai Road
  Imperial Hawaii Resort                                                   Lagonita Lodge II                      Koloa, Kauai, HI 96756
205 Lewers Street
                                     Jan Thiel Resort                      183 Lagonita Lane
                                     Jan Thiel Beach                       Big Bear Lake, CA 92315
Honolulu, Oahu, HI 96815                                                                                          Lawrence Welk Resort Villas
                                     Willemstad, Curaçao
                                                                                                                  8860 Lawrence Welk Drive
                                     Netherlands Antilles                  Lagos de Fañabe
Inn at SilverCreek, The, and                                                                                      Escondido, CA 92026
                                                                           Playa Fañabe
  Resorts West Vacations at
                                     Jerusalem Gold Hotel                  Adeje, Tenerife                        Lawrence Welk’s Desert Oasis
  The Inn at SilverCreek             Jaffa 234                             Canary Islands, Spain                  34567 Cathedral Canyon Drive
62927 U.S. Highway 40
                                     Jerusalem 94383, Israel
Silver Creek, CO 80446                                                                                            Cathedral City, CA 92234
                                                                           Lagos de Fañabe II
                                     Jockey Club, The                      Apdos. Los Olivos                      Legacy Grand Eastgate
Inn at the Springs                   3700 Las Vegas Boulevard South        Playa Fañabe, Adeje, Tenerife          5265 West Irlo Bronson Memorial
8901 Highland Wood Boulevard
                                     Las Vegas, NV 89109                   Canary Islands, Spain
Bonita Springs, FL 34135                                                                                             Highway
                                                                                                                  Kissimee, FL 34746
                                     Kahana Beach Vacation Club            Lake Marion Resort Community
InnSeasons Resorts –                 4221 Lower Honoapiilani Highway       6641 Lake Marion Golf Resort Drive     Legend Worldwide Holidays –
  Falls at Ogunquit, The             Lahaina, Maui, HI 96761               Kissimmee, FL 34759
639 Main Street                                                                                                     Palace of the Golden Horses
Ogunquit, ME 03907                                                                                                Jalan Kuda Emas
                                     Kenmore Club, The                     Lake Tahoe Vacation Resort             The Mines Resort City
                                     Kenmore, Perthshire PH15 2HH          901 Ski Run Boulevard                  Seri Kembangan 43300, Malaysia
InnSeasons Resorts –                 United Kingdom                        South Lake Tahoe, CA 96150
  Pollard Brook
Kancamagus Highway                                                                                                Lehigh Resort Club
                                     Kilconquhar Castle Estate &           Lakeview Resort Club                   231 Joel Boulevard
Lincoln, NH 03251
                                       Country Club                        1 Lakeview Drive                       Lehigh Acres, FL 33972
                                     Kilconquhar                           Morgantown, WV 26505
Iron Blosam Lodge                    Elie, Leven
Utah Highway 210, Resort Entry #2                                                                                 Les Chalets
                                     Fife KY9 1EZ, United Kingdom          Landing at Seven Coves, The
Snowbird, UT 84092-9000                                                                                           Avda. Camacho s/n Parada 19 de la
                                                                           7031 Kingston Cove Lane                  Mansa Barrio Parque Cantegril
                                     King’s Creek Plantation               Willis, TX 77378                       Punta del Este, Uruguay
Island Links Resort                  191 Cottage Cove Lane
1 Coggins Point Road                 Williamsburg, VA 23185                Landmark Holiday Beach Resort          Les Marines de Gassin
Hilton Head Island, SC 29928
                                                                           17501 Front Beach Road                 RN 98, Route de St. Tropez
                                     Kingsbury Crossing                    Panama City, FL 32413                  Gassin 83580, France
Island Park Village Resort           133 Deer Run Court
Highway 20 & MM 394/395              Stateline, NV 89449                   Landmark Resort                        Lighthouse Cove
Island Park, ID 83429
                                                                           7643 Hillside Road                     1406 North Ocean Boulevard
                                     Kona Coast Interval Ownership         Egg Harbor, WI 54209                   Pompano Beach, FL 33062
Island Residence Club at               Resort, The
   Golden Sands                      78-6842 Alii Drive                    Langdale Estate                        Liki Tiki Village
Radisson SAS Golden Sands            Kailua-Kona, Hawaii, HI 96740         Great Langdale, Nr. Ambleside          17777 Bali Boulevard
   Resort & Spa                                                            Cumbria LA22 9JD                       Winter Garden, FL 34787
Golden Bay                           Kona Coast Resort II, The             United Kingdom
L/O Mellieha Mlh 02                  78-6842 Alii Drive
Malta
                                                                                                                  Limetree Beach Resort
                                     Kailua-Kona, Hawaii, HI 96739         Las Olas Resort                        1050 Ben Franklin Drive
                                                                           Av. D. Urb. Los Canales de Río Chico   Sarasota, FL 34236
Island Seas Resort                   L’Eyssina                             Río Chico, Miranda, Venezuela
123 Silver Point Drive               Vars le Claux 05560
P.O. Box F-44735
                                                                                                                  Links Golf and Racquet Club
                                     France                                                                       917 Thomas Avenue
Freeport, Grand Bahama Island
                                                                                                                  North Myrtle Beach, SC 29582
Bahamas
                                                                                                                                                     17

Little Bay Beach & Racquet            Macdonald Loch Rannoch Hotel          Marriott’s Canyon Villas at           Marriott’s Kauai Beach Club
   Club                                & Lochside Resort                     Desert Ridge                         3610 Rice Street, Kalapaki Beach
Little Bay Road                       Loch Rannoch Estate                   5220 E. Marriott Drive                Lihue, Kauai, HI 96766
Philipsburg, St. Maarten              Kinloch Rannoch                       Phoenix, AZ 85054
Netherlands Antilles                  Perthshire PH16 5PS                                                         Marriott’s Ko Olina
                                      United Kingdom                        Marriott’s Club Son Antem             92-101 Mauloa Place
Lodge Alley Inn, The                                                        Ctra. Llucmajor, PM 602, Km. 3.4      Kapolei, Oahu, HI 96707
195 East Bay Street                   Macdonald Plas Talgarth Health        Apartado 363
Charleston, SC 29401                   & Leisure Club                       Llucmajor, Mallorca                   Marriott’s Legend’s Edge at Bay
                                      The Plas Talgarth Estate              Balearic Islands 07620, Spain          Point
Lodge Kura Hulanda and Beach          Pennal, Nr. Machynlleth                                                     4000 Marriott Drive
  Club                                Powys, SY20 9JY, United Kingdom       Marriott’s Custom House               Panama City Beach, FL 32408
Playa Kalki 1                                                               3 McKinley Square
Westpunt, Curaçao                     Macdonald Villacana Resort            Boston, MA 02109                      Marriott’s Mai Khao Beach
Netherlands Antilles                  Km. 165, Ctra de Cadiz                                                      234 Moo 3
                                      Estepona, Malaga, Spain               Marriott’s Cypress Harbour            Mai Khao, Thalang
London Bridge Resort                                                        11251 Harbour Villa Road              Phuket, Thailand 83110
1477 Queens Bay                       Magic Tree Resort                     Orlando, FL 32821
Lake Havasu City, AZ 86403            2795 North Old Lake Wilson Road                                             Marriott’s Manor Club at Ford’s
                                      Kissimmee, FL 34734                   Marriott’s Desert Springs Villas       Colony
Lord Stanley Suites on the Park                                             1091 Pinehurst Lane                   101 St. Andrews Drive
1889 Alberni Street                   Mares Marmaris                        Palm Desert, CA 92260                 Williamsburg, VA 23188
Vancouver                             Marmaris Altin Yunis
British Columbia V6G 3G7, Canada      Pamucak, Mevkii                       Marriott’s Desert Springs Villas II   Marriott’s Manor Club Sequel
                                      Marmaris, Mugla, Turkey               1091 Pinehurst Lane                   101 St. Andrews Drive
Loreley                                                                     Palm Desert, CA 92260                 Williamsburg, VA 23188
387 Brucken Street                    Margarita International Resort
Helen, GA 30545                       Avenida Bolivar-Urbanización Dumar    Marriott’s Fairway Villas at          Marriott’s Marbella Beach
                                      Urb. Dumar                             Seaview                               Resort
Los Amigos Beach Club                 Porlamar, Isla Margarita, Venezuela   500 East Fairway Lane                 Ctra. de Cádiz, Km. 193
Ctra. Cádiz Km. 204                                                         Galloway Township, NJ 08201           Urb. Marbella del Este
Mijas-Costa, Málaga 29647, Spain      Marina El Cid Hotel and Yacht                                               Marbella, Málaga 29600, Spain
                                       Club                                 Marriott's Frenchman's Cove
Los Cabos Golf Resort                 Av. Camarón Sábalo s/n                7338 Estate Bakkeroe                  Marriott’s Maui Lahaina & Napili
Cabo San Lucas Country Club           Zona Dorada                           St. Thomas 00801                       Villas
Cabo San Lucas, B.C.S., Mexico        Mazatlán, Sinaloa 82110, Mexico       U.S. Virgin Islands                   100 Nohea Kai Drive
                                                                                                                  Lahaina, HI 96761
Los Tinajeros Resort                  Mariner Shores Resort & Beach         Marriott’s Grand Chateau
Calle Campos entre Marcano y           Club                                 75 East Harmon Avenue                 Marriott’s Maui Ocean Club
  Cedeno                              254-260 The Esplanade                 Las Vegas, NV 89109                   100 Nohea Kai Drive
Porlamar, Isla Margarita, Venezuela   Miami, Queensland, Australia                                                Lahaina, Maui, HI 96761
                                                                            Marriott’s Grand Residence
Macdonald Dalfaber Resort             Maritime Beach Club                    Tahoe                                Marriott’s Monarch at Sea Pines
Dalfaber Estate                       400 North Ocean Boulevard             1001 Park Avenue                      91 North Sea Pine Drive
Aviemore                              North Myrtle Beach, SC 29582          South Lake Tahoe, CA 96150            Hilton Head Island, SC 29938
Inverness, Scotland PH22 1ST
United Kingdom                        Marriott’s Aruba Ocean Club           Marriott’s Grande Ocean Resort        Marriott’s Mountainside at Park
                                      99 L.G. Smith Boulevard               51 South Forest Beach Drive            City
Macdonald Doña Lola Resort            Oranjestad                            Hilton Head Island, SC 29928          1305 Lowell Avenue
Ctra. de Cadiz, Km. 197-8             Aruba, Dutch Caribbean                                                      Park City, UT 84060
Mijas-Costa, Malaga 29649, Spain                                            Marriott’s Grande Vista
                                      Marriott’s Aruba Surf Club            5925 Avenida Vista                    Marriott’s Mountain Valley
Macdonald Forest Hills Hotel          LG Smith Boulevard #99                Orlando, FL 32821                      Lodge
 and Lochside Resort                  Palm Beach
                                                                                                                  655 Columbine Road
Forest Hills Hotel                    Aruba, Dutch Caribbean                Marriott’s Harbour Lake               Breckenridge, CO 80424
Kinlochard                                                                  7102 Grand Horizons Boulevard
Aberfoyle by Stirling FK8 3TL         Marriott’s Barony Beach Club          Orlando, FL 32821                     Marriott’s Newport Coast Villas
United Kingdom                        5 Grasslawn Avenue
                                                                                                                  23000 Newport Coast Drive
                                      Hilton Head, SC 29928                 Marriott’s Harbour Point at           Newport Coast, CA 92657
Macdonald Leila Playa Resort                                                 Shelter Cove
Ctra. de Cadiz, Km. 196               Marriott’s BeachPlace Towers          4 Shelter Cove Lane                   Marriott’s Ocean Pointe
Mijas-Costa, Malaga 29649, Spain      21 South Fort Lauderdale Beach        Hilton Head Island, SC 29928          71 Ocean Avenue
                                        Boulevard
                                                                                                                  Palm Beach Shores, FL 33404
                                      Fort Lauderdale, FL 33316
18

Marriott’s OceanWatch Villas at       Maui Schooner Resort                Multigestion –                      Oasis Lanz Club
 Grande Dunes                         980 South Kihei Road                 Multivacances Avoriaz              Av. Punta Jablillo, 7
8450 Costa Verde Drive                Kihei, Maui, HI 96753               Avoriaz                             35509 Costa Teguise
Myrtle Beach, SC 29572                                                    Morzine 74110                       Lanzarote
                                      Mendihuaca Caribbean Resort         France                              Canary Islands, Spain
Marriott’s Phuket Beach Club          Km. 33 Vía Santa Marta – Riohacha
Had Mai Khao Moo 3 Baan Suan          Santa Marta, Magdalena, Colombia    Multigestion –                      Ocean Beach Club
Maprow, Talang                                                             Reberty les Menuires               3401 Atlantic Avenue
Amphor, Phuket, Thailand              Mexicana Sharm Resort               St. Martin de Belleville 73440      Virginia Beach, VA 23451
                                      Mexicana Sharm                      France
Marriott’s Playa Andaluza             Ras Om El Sid                                                           Ocean Club
Ctra. Se Cadiz KM 168                 Sharm el Sheikh, Egypt              Multigestion –                      1908 North Ocean Boulevard
Estepona, Málaga 29680                                                     Résidence de Rochebrune            North Myrtle Beach, SC 29582
Spain                                 Mill Resort & Suites Vacation,      18, Porting de Rochebrune
                                        The                               Megeve 74120                        Ocean Club on Smuggler’s
Marriott’s Royal Palms Resort         J.E. Yrausquin Boulevard 330        France                                Beach
8404 Vacation Way                     Oranjestad                                                              329 South Shore Drive
Orlando, FL 32821                     Aruba, Dutch Caribbean              Multigestion –                      South Yarmouth, MA 02664
                                                                           Résidence Emeraude
Marriott’s Sabal Palms Resort         Miraflores Beach and Country        Belle Plagne                        Ocean Hotel
8805 World Center Drive                 Club                              Aime 73210, France                  Blvd Kukulcan KM 3.5
Orlando, FL 32821                     Miraflores Club Reception                                               Zona Hotelera, CP 77500
                                      Ctra. de Cádiz, Km. 199             Myrtle Beach Resort, The            Quintana Roo, Cancún
Marriott’s Shadow Ridge               Mijas-Costa, Málaga 29649, Spain    5905 South Kings Highway            Mexico
36000 Monterey Avenue                                                     Surfside Beach, SC 29587
Palm Desert, CA 92260                 Miraflores Vacation Club                                                Ocean Landings Resort &
                                      Ctra. de Cádiz, Km. 199             Mystic Dunes Resort & Golf            Racquet Club
Marriott’s Shadow Ridge               Mijas-Costa, Málaga 29647, Spain     Club                               900 North Atlantic Avenue
 Enclaves                                                                 7900 Palms Parkway                  Cocoa Beach, FL 32931
9003 Shadow Ridge Road                Mirror Tamarack Lake Resort         Kissimmee, FL 34747
Palm Desert, CA 92211                 E10035 Xanadu Road                                                      Ocean Reef Resort
                                      Wisconsin Dells, WI 53965           Nepean Country Club                 Bahama Reef Boulevard
Marriott’s St. Kitt’s Beach Club                                          Browns Road                         P.O. Box 2695
858 Frigate Bay Road                  Monarch Grand Vacations –           Rosebud, Victoria 3838, Australia   Freeport, Grand Bahama Island
Frigate Bay, St. Kitts                 Cancún Resort                                                          Bahamas
                                      8335 South Las Vegas Boulevard      Nirvana
Marriott’s StreamSide                 Las Vegas, NV 89123                 Nirvana on the Dead Sea             Ocean Towers Beach Club
2264 South Frontage Road West                                             Shefer Zohar                        11211 Front Beach Road
Vail, CO 81657                        Monarch Grand Vacation –            Dead Sea 84960, Israel              Panama City Beach, FL 32407
                                       Cedar Breaks
Marriott’s Summit Watch at Park       223 Hunter Ridge Road               Nostos Village                      Olympic Village Inn
 City                                 Brian Head, UT 84719                Tzaneria                            1909 Chamonix Place
780 Main Street                                                           Skiathos 37002, Greece              Olympic Valley, CA 96146
Park City, UT 84060                   Mountain Club at Loon, The
                                      Main Street                         Oak N’ Spruce Resort                Options at Macdonald at Forest
Marriott’s SurfWatch                  Lincoln, NH 03251                   Meadow Street                        Hills Hotel and Resort
10 Fifth Street                                                           South Lee, MA 01260                 Forest Hills Hotel
Hilton Head, SC 29928                 Mountain Laurel Resort                                                  Kinlochard
                                                                                                              Aberfoyle by Stirling FK8 3TL
                                       and Spa                            Oak Plantation
                                                                                                              United Kingdom
Marriott’s Timber Lodge               Route 940                           4090 Enchanted Oaks Circle
4100 Lake Tahoe Boulevard             White Haven, PA 18661               Kissimmee, FL 34741
South Lake Tahoe, CA 96150                                                                                    Options at Macdonald at Plas
                                      Mountain Loft Resort                Oakmont Resort                       Talgarth Resort
Marriott’s Village d’Ile de France    110 Mountainloft Drive              555 Middle Creek Road               The Plas Talgarth Estate
Allee de l’Orme Rond                  Gatlinburg, TN 37738                Pigeon Forge, TN 37863              Pennal, Nr. Machynlleth
Bailly Romainvilliers 77700, France                                                                           Powys SY20 9JY
                                                                                                              United Kingdom
                                      Mountainside Villas at              Oasis Club
Marriott’s Villas at Doral             Massanutten                        Avenida Las Palmeras
4101 N.W. 87th Avenue                 Route 644, Intersection of Peak     Urb. Riviera del Sol                Orange Tree Interval Ownership
Miami, FL 33178                       Middle Coff Drive                   Mijas-Costa, Malaga 29647             Resort, The
                                      McGaheysville, VA 22840             Spain                               10601 North 56th Street
                                                                                                              Scottsdale, AZ 85254
Marriott’s Waiohai Beach Club
2249 Poipu Road
Koloa, Kauai, HI 96756
                                                                                                                                                19

Outer Banks Beach Club             Paradise Village Marine             Pine Lake Resort                     Privilège Residenzhotel Hotel
 and Outer Banks Beach Club          Residence                         Carnforth, Lancashire LA6 1JZ          Sunstar Davos
 Villas II                         Paseo de los Cocoteros #001         United Kingdom                       Ferienclub Privilège
Mile Post 9, Virginia Dare Road    Nuevo Vallarta, Nayarit, Mexico                                          Davos-Platz, CH-7270, Switzerland
Kill Devil Hills, NC 27948                                             Plantation Beach Club at South
                                   Park Plaza                            Seas Plantation                    Privilège Residenzhotel Hotel
Oyster Bay Beach Resort            2060 Sidewinder Drive               P.O. Box 194                           Sunstar Flims
Emerald Merit Road 26              Park City, UT 84060                 5400 South Seas Plantation Road      Ferienclub Privilège
Box 239                                                                Captiva Island, FL 33924             Flims-Waldhaus, CH-7018
Philipsburg, St. Maarten           Park Regency, The                                                        Switzerland
Netherlands Antilles               1710 Prospector Avenue              Playa del Sol Costa Sur
                                   Park City, UT 84060                 Km. 4-456 Carretera Barra Navidad    Privilège Residenzhotel Hotel
Pahia at Ka Eo Kai                                                     Puerto Vallarta, Jalisco, Mexico       Sunstar Grindelwald
3970 Wyllie Road                   Parkway International Resort                                             Ferienclub Privilège
Princeville, Kauai, HI 96722       6200 Safari Trail                   Playa del Sol Grand                  Grindelwald, CH-3818, Switzerland
                                   Kissimmee, FL 32741                 Lot F. Flamingos
Palace Ponte di Legno                                                  Nuevo Vallarta, Nayarit              Privilège Residenzhotel Hotel
Via Trento 19                      Parque del Sol                      Mexico                                 Sunstar Lenzerheide
Ponte di Legno (BS) 25056, Italy   Urb. Playa Fañabe                                                        Ferienclub Privilège
                                   38660 Adeje                         Playa Linda Beach Resort             Lenzerheide, CH-7079, Switzerland
Palace View by Spinnaker           Playa de las Américas               J.E. Yrausquin Boulevard #87
700 Blue Meadows Drive             Tenerife, Canary Islands, Spain     Oranjestad, Aruba, Dutch Caribbean   Privilège Residenzhotel Hotel
Branson, MO 65616                                                                                             Sunstar Wengen
                                   Paseo del Sol                       Playa Maroma                         Ferienclub Privilège
Palm Bay Resort                    Paseo Xaman Ha                      Km. 52, Carretera Federal            Wengen, CH-3823, Switzerland
2525 South Atlantic Avenue         Manzana 12, Lote 4-5                Cancún – Tulum
Daytona Beach Shores, FL 32118     Playa del Carmen, Quintana Roo      Quintana Roo, Mexico
                                                                                                            Pyhäniemi
                                   Mexico
                                                                                                            Kihnio SF-39820, Finland
Palm Canyon Resort and Spa                                             Players Club of Hilton Head
  and Monarch Grand                Pelican Marina Residences             Island                             Quarter House, The
  Vacations at Palm Canyon         Billy Folly Road N#37               35 Deallyon Avenue                   129 Chartres Street
                                   St. Maarten, Netherlands Antilles   Hilton Head Island, SC 29928
  Resort and Spa                                                                                            New Orleans, LA 70130
2800 South Palm Canyon Drive
Palm Springs, CA 92264             Pelican Resort Club                 Plaza Resort and Spa, The            Rancho Banderas Vacation
                                   Pelican Keys                        2601 Golf Club Drive
                                                                                                              Villas
                                   Philipsburg, St. Maarten            Palm Springs, CA 92264
Palm Oasis                                                                                                  Km. 8.3 Ctra. Cruz de Huanecaxtle
                                   Netherlands Antilles
Albert Einstein s/n, Parcela 34                                                                             Punta Mita, Nayarit, Mexico
Urb. Sonnenland                                                        Polynesian Isles Resort
Maspalomas, Gran Canaria           Peninsula Beach Resort              3045 Polynesian Isles Boulevard
                                                                                                            Reef Ocean Resort, The
Canary Islands, Spain              Jalan Pratama, Tanjung Benoa        Kissimmee, FL 34746
                                                                                                            3450 Ocean Drive
                                   Bali, Indonesia
                                                                                                            Vero Beach, FL 32963
Palm Springs Tennis Club                                               Pono Kai, The
701 West Baristo Road              Peninsula Island Resort and Spa     1250 Kuhio Highway
                                                                                                            Renaissance Aruba Beach
Palm Springs, CA 92262             340 Padre Boulevard                 Kapaa, Kauai, HI 96746
                                   South Padre Island, TX 78597
                                                                                                              Resort and Casino
                                                                                                            J.E. Yrausquin Boulevard 9
Panareti’s Royal Coral Bay                                             Port Pacific                         Oranjestad
  Resort                           Peppertree Atlantic Beach Villas    6-14 Clarence Street                 Aruba, Dutch Caribbean
Keratidiou Street                  715 West Fort Macon Road            Port Macquarie
Pegeia Paphros 62479               Atlantic Beach, NC 28512            New South Wales 2444, Australia
                                                                                                            Résidence l’Annonciade
Cyprus                                                                                                      RN 98
                                   Peppertree by the Sea               Port Trinitie                        Port Cogolin 83310, France
Paradise Beach Villas              305 South Ocean Boulevard           State Road 1200
J.E. Yrausquin Boulevard Z/N       North Myrtle Beach, SC 29582        Duck-Corolla Road
                                                                                                            Résidence le Cervin
Oranjestad                                                             Duck, NC 27949
                                                                                                            Dumez Immobilier
Aruba, Dutch Caribbean             Perrenial Vacation Club –                                                Plagne Soleil
                                     Daytona                           President Hotel                      La Plagne Village 73210, France
Paradise Point Resort              2525 South Atlantic Avenue          Alexander Road
250 Lakewood Drive                 Daytona Beach, FL 32118             P.O. Box 1050, Seapoint 8060
                                                                                                            Résidence le Grand Bois
Hollister, MO 65672                                                    Bantry Bay, Capetown 8001
                                                                                                            La Tania
                                   Perrenial Vacation Club –           South Africa
                                                                                                            Courchevel 73120, France
Paradise Village Beach Resort        Tahoe Village/Eagles Nest
  & Spa                            472 Needle Peak Road                Privilège Residenzhotel Hotel
                                                                                                            Résidence le Ruitor
Paseo de los Cocoteros #001        Stateline, NV 89449                   Sunstar Arosa                      Arc 1800
Nuevo Vallarta, Nayarit, Mexico                                        Ferienclub Privilège
                                                                                                            Les Arcs
                                                                       Arosa, CH-7050, Switzerland
                                                                                                            Bourg St. Maurice 73700, France
20

Résidence le Trianon                 Résidence Pierre et Vacances –    Resort at Whale Pointe          Royal Haciendas, The
Avenue du Professeur Joliets           Le Port du Crouesty               Condominium, The              Lote 002 Manzana 070 Municipio
Arcachon 33120, France               Arzon 56640, France               939 Northwest Highway 101          de Solidaridad
                                                                       Depoe Bay, OR 97341             Playa del Carmen, Quintana Roo
Résidence les Rivages                Résidence Pierre et Vacances –                                    Mexico
  de Rochelongue                       Les Coches                      Resort on Cocoa Beach, The
Mail de Rochelongue                  Bellentre, Aime 73210, France     1600 N. Atlantic Avenue         Royal Islander, The
Cap d’Agde 34300, France                                               Cocoa Beach, FL 32931           Lote 51, Km. 17
                                                                                                       Bulevar Kukulcán
                                     Résidence Pierre et Vacances –
Résidence les Cottages du Golf                                         Ridge on Sedona Golf Resort,    Cancún, Quintana Roo, Mexico
                                       Les Parcs de Grimaud
Golf de Saint Laurent                Route Nationale 98                  The
Ploemel, Auray 56400, France         Grimaud, France                   55 Sun Ridge Circle             Royal Islander Club La Plage
                                                                       Sedona, AZ 86351                Maho Bay
Résidence les Félibriges                                                                               St. Maarten, Netherlands Antilles
                                     Résidence Pierre et Vacances –
93, Rue Georges Clemenceau             Meribel                         Ridge Tahoe, The
Cannes 06400, France                 Résidence du Mottaret             400 Ridge Club Drive            Royal Mayan, The
                                                                       Stateline, NV 89449             Lote 49, Km. 17
                                     Le Chatelet
Résidence Mer et Golf                                                                                  Bulevar Kukulcán
                                     Meribel, Mottaret 73550, France
47, Boulevard de la Mer                                                                                Cancún, Quintana Roo, Mexico
                                                                       Ridge Top Village at Shawnee
Anglet 64600, France                 Résidence Pierre et Vacances –    River Road
                                                                       Shawnee-On-Delaware, PA 18356   Royal Oasis Club at Benal
                                       Moliets
Résidence Mer et Golf Le             Moliets Complex
                                                                                                         Beach
  Boucanier                                                            Rincón de Los Andes             Ctra. de Cádiz, Km. 221
                                     Rue Bremontier – Moliettes
Rue du Belvedere                                                       Juez Del Valle 611              Benalmadena-Costa
                                     Messanges 40660, France
Vieux Boucau 40480, France                                             San Martín de los Andes         Málaga 29630, Spain

                                     Résidence Pierre et Vacances –    Neuquén 8370, Argentina
Résidence Pamplemousse                                                                                 Royal Oasis at La Quinta
                                       Résidence Cap d’Ail
Les Principautes du Casino                                             Rincón del Este                 Av. Federico García Lorca
                                     Avenue du Général de Gaulle
Chatelaillon, Charentes Maritimes                                      Parada 22 – Playa Brava         Benalmadena-Costa
                                     Cap d’Ail 06320, France
France                                                                 Punta del Este, Uruguay         Málaga 29630, Spain

                                     Résidence Pierre et Vacances –
Résidence Pamplemousse II                                              Riviera Beach and Spa Resort    Royal Palm Beach Resort
                                       Résidence Paris XV                                              Simpson Bay
Avenue des Pays de Loire             20 Rue Oradour sur Glane            I & II and Monarch Grand
Golf de St. Jean de Monts                                                                              St. Maarten, Netherlands Antilles
                                     Paris 75015, France                 Vacations at Riviera Beach
St. Jean de Monts 85160                                                  and Spa Resort I & II
France                                                                 34630 Pacific Coast Highway
                                                                                                       Royal Sands, The
                                     Résidence Pierre et Vacances –                                    Lote 32, Boulevard Kukulcan
                                       Village Cap Coudalère           Capistrano Beach, CA 92624
Résidence Paris XV                                                                                     Cancún, Quintana Roo 77500
                                     25 Place Martinique                                               Mexico
20 Rue Oradour sur Glane                                               Riviera Oaks and Monarch
                                     Port Barcarès 66420
Paris 75015, France
                                     France                              Grand Vacations at Riviera
                                                                                                       Royal Savoy Resort
                                                                         Oaks Resort                   Avenida do Infante
Résidence Pierre et Vacances –       Résidence Sokoburu                25382 Pappas Road
                                                                                                       Funchal, Madeira 9004-542
  Avoriaz                            Boulevard de la Mer               Ramona, CA 92065
                                                                                                       Portugal
Centre d’accueil d’Avoriaz           Hendaye 64700
Avoriaz 74110, France                France                            Royal Aloha Vacation Club –     Royal Sunset Beach Club
                                                                         The Torre Blanca              Calle Londres No. 6, Playa Fañabe
Résidence Pierre et Vacances –       Residencial Pousada do            Majahua #25 Puerto Marqués      Costa Adeje, Tenerife 38660
  Belle Plagne                         Serrano                         Acapulco, Guerrero, Mexico      Canary Islands, Spain
Bellentre                            Rua Angelo Bisol 300
Aime 73210, France                   Gramado, Brazil                   Royal Aloha Vacation Club –     Royal Tenerife Country Club
                                                                         Waikiki                       Complejo San Andres, Golf del Sur
Résidence Pierre et Vacances –       Residenza Nevesole Folgarida      2224 Aloha Drive                San Miguel de Abona
  Cannes Villa Francia               Via Monti Alti                    Waikiki, Oahu, HI 96815         Tenerife 38620
Avenue A.W. Wemyss                   Folgarida di Dimaro (TN) 38025                                    Canary Islands, Spain
Cannes 061520, France                Italy                             Royal Caribbean, The
                                                                       Lote 50, Km. 17                 Royal Vacation Suites
Résidence Pierre et Vacances –       Residenza Torre Rinalda           Boulevard Kukulcán              99 Convention Center Drive
  Cap Esterel                        Litoranea Salentina, CP 152       Cancún, Quintana Roo 77500      Las Vegas, NV 89109
Camp Long Par Agay                   Lecce – Loc. Torre Rinalda        Mexico
St. Raphaël 83700, France            Lecce 73100, Italy
                                                                                                       Royale Beach and Tennis Club
                                                                       Royal Dunes Resort              400 Padre Boulevard
Résidence Pierre et Vacances –       Residenza Valle Fiorita           8 Wimbledon Court               South Padre Island, TX 78597
  Le Port du Bourgenay               Via Annunziata                    Hilton Head, SC 29928
Talmont St. Hilaire, 85440, France   Rocchetta al Volturno (IS)
                                     Isernia 86070, Italy
                                                                                                                                        21

Sahara Sunset                     Sea Mist Resort                  Sheraton Mountain Vista             Sun Bay Beach Club
Avenida Rocio Jurado              141 Great Neck Road South        160 West Beaver Creek Boulevard     4810 Central Avenue
Benalmadena-Costa                 Mashpee, MA 02649                Avon, CO 81620                      Hot Springs, AR 71913
Málaga 29630
Spain                             Sea Scape Beach and Golf         Sheraton Vistana Resort             Sun Bay Lodge
                                    Villas                         8800 Vistana Centre Drive           4810 Central Avenue
Samoset Resort                    4724 Route 158 By-Pass MM 2.5    Orlando, FL 32821                   Hot Springs, AR 71913
220 Warrenton Street              Kitty Hawk, NC 27949
Rockport, ME 04856                                                 Sheraton Vistana Villages           Sun Hills Suites
                                  Seasons at Clowance Estate       12401 International Drive           Jounieh Highway
San Clemente Inn                    and Country Club               Orlando, FL 32821                   P.O. Box 55398
2600 Avenida del Presidente       Praze-an-Beeble                                                      Beirut, Lebanon
San Clemente, CA 92672            Camborne, Cornwall TR12 OPT      Shore Crest Vacation Villas
                                  United Kingdom                   4709 South Ocean Boulevard          Sunningdale Village
San Diego Country Estates                                          North Myrtle Beach, SC 29582        Golf del Sur
25385 Pappas Road                 Seasons at Club Tahiti                                               San Miguel, Tenerife
Ramona, CA 92065                  Calle Isla de Lobos 12           Signum Resort Miami Beach           Canary Islands, Spain
                                  35509 Costa Teguise              3010 Collins Avenue
San Luis Bay Inn                  Lanzarote                        Miami Beach, FL 33140               Sunrise Ridge Resort
3254 Avila Beach Drive            Canary Islands, Spain                                                1175 Resort Drive
Avila Beach, CA 93424                                              Southcape Resort and Club           Parksville, British Columbia V9P 2E3
                                  Seasons at Laugharne Park        950 Falmouth Road                   Canada
Sands of Kahana Vacation Club     Laugharne Park, Laugharne        Mashpee, MA 02649
4299 Lower Honoapiilani Highway   Dyfed SA33 4SG                                                       Sunset Bay Club
Lahaina, Maui, HI 96761           United Kingdom                   Southwinds Beach & Racquet          c/Antonio Navarro, Torviscas
                                                                     Club                              Adeje, Tenerife 38660
Sandstone Creek Club              Seawatch at Island Club          St. Lawrence Gap                    Canary Islands, Spain
1020 Vail View Drive              85 Folly Road                    Christ Church
Vail, CO 81657                    Hilton Head Island, SC 29928     Barbados                            Sunset Harbour Club
                                                                                                       c/Valencia No. 1
Santa Barbara Golf and Ocean      Sedona Summit                    Spirit Ridge Vineyard Resort        Pueblo Torviscas
  Club                            500 Navoti Drive                                                     Adeje, Tenerife 38660
                                                                     and Spa
Golf del Sur                      Sedona, AZ 86336                                                     Canary Islands, Spain
                                                                   1200 Rancher Creek Road
San Miguel de Abona                                                Osoyoos, British Columbia V0H 1V6
Tenerife 38620                    Sedona Vacation Club at          Canada                              Sunset View Club
Canary Islands, Spain               Los Abrigados                                                      Urb. Golf del Sur
                                  160 Portal Lane                                                      San Miguel de Abona
                                                                   St. Augustine Beach & Tennis
Schooner Beach and Racquet        Sedona, AZ 86336                                                     Tenerife 38620
                                                                     Resort
                                                                                                       Canary Islands, Spain
  Club                                                             10 Ocean Trace Road
7100 North Ocean Boulevard        Shanghai SunIsland               St. Augustine, FL 32080
Myrtle Beach, SC 29577              International Club                                                 Suntide Island Beach Club
                                                                                                       850 Ben Franklin Drive
                                  Shenxiang, Qingpu County         St. Moritz Apartments
                                                                                                       Sarasota, FL 34236
Schooner II Beach and Racquet     Shanghai 201714, China           14-18 Brunswick Street
  Club                                                             Queenstown, Otago, New Zealand
2108 North Ocean Boulevard        Shawnee Ridgetop Village                                             Surfside Resort
Myrtle Beach, SC 29577                                                                                 134 Menauhant Road
                                  River Road                       Star Island Resort and Club
                                                                                                       East Falmouth, MA 02536
                                  Shawnee-On-Delaware, PA 18356    5000 Avenue of the Stars
Scottsdale Camelback Resort                                        Kissimmee, FL 34746
6302 East Camelback Road          Shawnee River Village II                                             Surrey Grand Crowne Resort
Scottsdale, AZ 85251              River Road                       Stoneridge Condominiums               and Country Club, The
                                  Shawnee-On-Delaware, PA 18356                                        430C State Highway 165 South
                                                                   250 Chatwold
                                                                                                       Branson, MO 65616
Scottsdale Links Resort                                            Blanchard, ID 83804
16858 North Perimeter             Shenandoah Crossing Resort
Scottsdale, AZ 85260              10 Shenandoah Crossing Drive     Strand Lakeside Resort              Sweetwater Park City Lift Lodge
                                  Gordonsville, VA 22942                                               1255 Empire Avenue
                                                                   7343 Okanagan Landing Road
                                                                                                       Park City, UT 84060
Scottsdale Villa Mirage                                            Vernon, British Columbia V1H 1G6
7887 E. Princess Boulevard        Sheraton Broadway Plantation     Canada
Scottsdale, AZ 85255              3301 Robert M. Grissom Parkway                                       Tahiti
                                  Myrtle Beach, SC 29577                                               5101 West Tropicana Avenue
                                                                   Suites at Fall Creek, The
                                                                                                       Las Vegas, NV 89103
Sea Gardens Beach and Tennis                                       1 Fall Creek Drive
  Resort                          Sheraton Desert Oasis            Branson, MO 65616
615 North Ocean Boulevard         17700 N. Hayden Road                                                 Tahiti Village
Pompano Beach, FL 33062           Scottsdale, AZ 85255                                                 7200 South Las Vegas Boulevard
                                                                   Suites at Polo Towers, The
                                                                                                       Las Vegas, NV 89119
                                                                   3745 Las Vegas Boulevard South
                                                                   Las Vegas, NV 89109
22

Tahoe Beach and Ski Club            Tortuga Beach Club                 Vacation Villas at Fantasyworld    Villa Roma Resort Lodges
3601 Lake Tahoe Boulevard           959 East Gulf Drive                  Two                              340 Villa Roma Road
South Lake Tahoe, CA 96150          Sanibel Island, FL 33957           4999 Kyngs Heath Boulevard         Callicoon, NY 12723
                                                                       Kissimmee, FL 34746
Tahoe Seasons Resort at             Townes at King’s Creek                                                Village at Carefree Conference
  Heavenly Valley                     Plantation, The                  Vail Run Resort                       Resort, The
3901 Saddle Road                    191 Cottage Cove Lane              1000 Lionsridge Loop               36601 N. Muletrain Road
South Lake Tahoe, CA 96157          Williamsburg, VA 23185             Vail, CO 81657                     Carefree, AZ 85377

Tamarack Beach Resort               Townhouses at St. Augustine        Vallarta Torre                     Village at Loon Mountain
3200 Carlsbad Boulevard               Beach and Tennis Resort, The     Apartado Postal 4-22               Route 112, Kancamagus Highway
Carlsbad, CA 92008                  3960 A1A South                     Paseo de las Garzas                Lincoln, NH 03251
                                    St. Augustine Beach, FL 32084      Puerto Vallarta, Jalisco 00060
Tangalooma Island Resort                                               Mexico                             Village at Palmetto Dunes
Moreton Island                      Trapp Family Lodge & Guest                                            10 Trent Jones Lane
Queensland 4004, Australia            Houses                           Varsity Clubs of America –         Hilton Head Island, SC 29928
                                    42 Trapp Hill Road                   South Bend Chapter and ILX
Tanglwood Resort                    Stowe, VT 05672                      Premiere Vacation Club at        Villaggio Cala La Luna
Junction Routes 507 & 6                                                  Varsity Clubs of America –       c/da Badia
Hawley, PA 18428                    Tree Tops Resort of Gatlinburg       South Bend Chapter               Favignana 91023
                                    290 Sherman Clabo Road             3800 North Main Street             Italy
Tenerife Royal Garden               Gatlinburg, TN 37738               Mishawaka, IN 46545-3110
Av. Maritima, s/n                                                                                         Villaggio Cala Mancina
Playa de las Américas               Turtle Cay Resort                  Varsity Clubs of America –         Via Cala Mancina
Arona, Tenerife                     6th Street and Atlantic Avenue       Tucson Chapter and ILX           San Vito Lo Capo
Canary Islands, Spain               Virginia Beach, VA 23451                                              Trapani, Sicily 91010, Italy
                                                                         Premiere Vacation Club at
                                                                         Varsity Clubs of America –
Terrazas al Mar                     Vacation Internationale –            Tucson Chapter                   Villaggio Olimpico
Av. Costanera entre 1 y 2             Oasis Villa Resort                                                  Area Duchi
                                                                       3855 East Speedway Boulevard
Costa del Este                      4190 East Palm Canyon Drive                                           Sestriere, Torino 10058, Italy
                                                                       Tucson, AZ 85716
Buenos Aires, Argentina             Palm Springs, CA 92263
                                                                       Vilar do Golf Resort Club          Villagio Torre Macauda
Thunderbird Resort Club             Vacation Internationale –          Quinta do Lago
                                                                                                          Torre Macauda, SS115, Km. 131
200 Nichols Boulevard                                                                                     Località Macauda
                                      Pines at Sunriver, The           8135 Almancil
Sparks, NV 89431                                                                                          Sciacca (AG), Sicily 92119, Italy
                                    Meadow Road                        Loule, Algarve, Portugal
                                    Sunriver, OR 97707
Thurnham Vacation Club at                                              Villa del Arco                     Villas at Fairway, The
  Cromer Country Club                                                                                     Route 209
                                    Vacation Internationale –          Km. 05 Camino Viejo a San José
127 Overstrand Road                                                                                       Bushkill, PA 18324-0221
                                      Sea Village                      Cabo San Lucas 23450-23410
Cromer, Norfolk NR27 0DJ                                               Mexico
                                    75-6002 Alii Drive, Suite 10-A
United Kingdom                                                                                            Villas at Polo Towers, The
                                    Kailua-Kona, HI 96740
                                                                                                          3745 Las Vegas Boulevard South
                                                                       Villa del Palmar
Tiki Village International Resort                                                                         Las Vegas, NV 89109
                                    Vacation Internationale –          Km. 3, Francisco Medina Ascencio
River End Cavill Avenue                                                Puerto Vallarta, Jalisco, Mexico
                                      Torres Mazatlán
Surfer’s Paradise, Queensland                                                                             Villas at the Boardwalk
                                    Apdo. Postal 695
Australia                                                                                                 1601 Atlantic Avenue
                                    Av. Sábalo Cerritos                Villa del Palmar-Cabo San
                                                                                                          Virginia Beach, VA 23451
                                    Esq. Lopez Portillo                   Lucas
Timberline Lodges (Juniper)         Mazatlán, Sinaloa, Mexico          Km. 0.5, Camino Viejo a San José
4559 Timberline Crescent                                                                                  Villas at Tree Tops, The
                                                                       Cabo San Lucas, B.C.S. 23410
PO Box 1316                                                                                               Route 209
                                    Vacation Internationale –          Mexico
Fernie, British Columbia VOB 1M6                                                                          Bushkill, PA 18324
Canada
                                      Vallarta Torre
                                    Apartado Postal 4-22               Villa del Palmar Flamingos
                                    Paseo de las Garzas                Paseo Costero Playa Lote E         Villas de Santa Fe
Topaz Beach Club                    Puerto Vallarta, Jalisco, Mexico   Flamingos Nayarta                  400 Griffin Street
Topaz Hotel                                                                                               Santa Fe, NM 87501
                                                                       Nuevo Vallarta, Nayarit 63732
Bugibba
                                    Vacation Village at Bonaventure    Mexico
St. Paul’s Bay SPB 03, Malta                                                                              Villas on the Greens at the
                                      Phase II
                                    16750 Blatt Boulevard              Villa Pacífico                        Welk Resort
Torres Mazatlán                                                        Ave. La Marina S/A                 8860 Lawrence Welk Drive
                                    Fort Lauderdale, FL 33326
Apdo. Postal 695 – Av. Sábalo                                                                             Escondido, CA 92026
                                                                       Apartado Postal # 263-D
Cerritos, Esq. Lopez Portillo
                                    Vacation Villas at FantasyWorld    Puerto Vallarta, Jalisco, Mexico
Mazatlán, Sinaloa, Mexico
                                    5000 Hart Avenue                                                      Vista Mirage
                                    Kissimmee, FL 34746                                                   400 South Hermosa
                                                                                                          Palm Springs, CA 92262
                                                                                                                                         23

Vistana’s Beach Club                Westgate Miami Beach              Westin Mission Hills Resort       WorldMark Bass Lake
10740 S. Ocean Drive                16701 Collins Avenue               Villas                           53134 Road #432
Jensen Beach, FL 34957              Miami, FL 33160                   71-333 Dinah Shore Drive          Bass Lake, CA 93604
                                                                      Rancho Mirage, CA 92270
Voyager Resort                      Westgate Myrtle Beach                                               WorldMark Big Bear
Cnr. Old Burleigh Road &            415 South Ocean Boulevard         Westin Princeville Ocean Resort   240 Starvation Flats Road
  Elizabeth Avenue                  Myrtle Beach, SC 29577            3838 Wyllie Road                  Big Bear, CA 92315
Broadbeach, Queensland, Australia                                     Princeville, Kauai, HI 96722
                                    Westgate Painted Mountain                                           WorldMark Birch Bay
W.I.V.C. Coral Mar                   Country Club                     Westin St. John Resort and        4810 Beachcomber Way
Pok-ta-pok Avenue                   6302 E. McKellips Road             Villas                           Blaine, WA 98230
Cancún, Quintana Roo                Mesa, AZ 85215                    Great Cruz Bay
Mexico                                                                P.O. Box 8339                     WorldMark Branson
                                    Westgate Palace                   St. John, U.S. Virgin Islands     2794 Fall Creek Road
Walton Hall                         6145 Carrier Drive                                                  Branson, MO 65616
Walton, Wellesbourne                Orlando, FL 32821                 Westwood at Split Rock
Warwickshire CV35 9HU                                                 1 Lake Drive                      WorldMark Clear Lake
United Kingdom                      Westgate Park City Resort         Lake Harmony, PA 18624            3927 East Highway 20
                                     and Spa                                                            Nice, CA 95464
Warner Springs Ranch                4000 Canyons Resort Drive         White Sands Beach Club
31652 Highway 79                    Park City, UT 84098               Arenal d’en Castell               WorldMark Coral Baja
Warner Springs, CA 92086                                              Menorca, Balearic Islands 07730   Km. 29.5, Carretera Transpeninsular
                                    Westgate RVS at Orlando           Spain                             San José del Cabo, B.C.S. 23400
Water’s Edge Resort                 6950 Villa de Costa Drive                                           Mexico
1525 Boston Post Road               Orlando, FL 32821                 Wild Wing Golf Village
Westbrook, CT 06498                                                   525 Wild Wing Boulevard           WorldMark Depoe Bay
                                    Westgate Smoky Mountain           Conway, SC 29526                  141 Orcas Drive
Waterman Holiday Club                Resort at Gatlinburg                                               Depoe Bay, OR 97341
Put Vela Luke 4                     915 Garden Road                   Williamsburg Plantation
Supetar, Brac 21400                 Gatlinburg, TN 37738              4870 Longhill Road                WorldMark Eagle Crest
Croatia                                                               Williamsburg, VA 23188            1522 Cline Falls Highway
                                    Westgate Towers                                                     Redmond, OR 97756
Welk Resorts Mountain Villas        7600 West Irlo Bronson Memorial   Willow Valley Resort
8860 Lawrence Welk Drive               Highway                        Highway 105                       WorldMark Flynn’s
Escondido, CA 92026                 Kissimmee, FL 34747               South Bairds Creek Road           14 Flynn Street
                                                                      Boone, NC 28607                   Port Macquarie 2444
Wellington, The                     Westgate Town Center                                                Australia
551 Thames Street                   2770 Old Lake Wilson Road         Willowbrook at Lake Harmony
Newport, RI 02840                   Kissimmee, FL 34747               One Lake Drive                    WorldMark Galena
                                                                      Lake Harmony, PA 18624            5129 Long Hollow Point
Westgate Blue Tree                  Westgate Vacation Villas                                            Galena, IL 61036
12007 Cypress Run Road              2770 Old Lake Wilson Road         Windward Passage Resort
Orlando, FL 32836                   Kissimmee, FL 34747               418 Estero Boulevard              WorldMark Gleneden
                                                                      Fort Myers Beach, FL 33931        6593 Gleneden Beach Loop
Westgate Branson Lakes at           Westin Ka’anapali Ocean                                             Gleneden Beach, OR 97388
 Emerald Pointe Resort               Resort North                     Winners Circle Beach and
750 Emerald Pointe Drive            170 Kai Ala Drive                  Tennis Resort                    WorldMark Golden Beach
Hollister, MO 65672                 Lahaina, Maui, HI 96761           550 Via de la Valle               75 the Esplanade
                                                                      Solana Beach, CA 92075            Caloundra, Queensland 4100
Westgate Branson Woods                                                                                  Australia
                                    Westin Ka’anapali Ocean
2005 Roark Valley Road                                                Woodford Bridge Country Club
                                     Resort Villas
Branson, MO 65616                                                     Milton Damerel Nr. Holsworthy     WorldMark Grand Lake
                                    6 Kai Ala Drive
                                    Lahaina, Maui, HI 96761           Devon EX22 7LL                    57020 E. Highway 125
Westgate Flamingo Bay Club                                            United Kingdom                    Afton, OK 74331
5625 West Flamingo Road
                                    Westin Kierland Villas
Las Vegas, NV 89103                                                   World International Vacation      WorldMark Kihei
                                    15620 N. Clubgate Drive
                                    Scottsdale, AZ 85254               Club – Coral Mar                 2295 South Kihei Road
Westgate Historic Williamsburg                                        Pok-ta-pok Avenue                 Kihei, Maui, HI 96753
1324 Richmond Road                                                    Cancún, Quintana Roo, Mexico
                                    Westin Lagunamar Ocean
Williamsburg, VA 23185                                                                                  WorldMark Kirra Beach
                                     Resort
                                                                      WorldMark Angels Camp             Cnr. Coyle and Winston Street
                                    Km. 12.5 Blvd. Kukulcán
Westgate Lakes Resort                                                 123 Selkirk Ranch Road            Queensland, Australia
                                    Zona Hotelera
10000 Turkey Lake Road              Cancún, Quintana Roo 77500        Angels Camp, CA 95222
Orlando, FL 32819                   Mexico
24

WorldMark Kona                    WorldMark Palm Springs              WorldMark St. George                 Wyndham Governor’s Green
75-5949 Alii Drive                1177 North Palm Canyon Drive        1157 S. Plantation Drive              Williamsburg
Kona, Hawaii, HI 96740            Palm Springs, CA 92262              St. George, UT 84770                 4600 Mooretown Road
                                                                                                           Williamsburg, VA 23185
WorldMark Lake of the Ozarks      WorldMark Pinetop                   WorldMark Victoria
4900 Bella Point                  2000 South WorldMark Drive          120 Kingston Street                  Yachtsman Resort, The
Osage Beach, MO 65065             Pinetop, AZ 85935                   Victoria, British Columbia V8V 1V4   1304 North Ocean Boulevard
                                                                      Canada                               Myrtle Beach, SC 29577
WorldMark Lake Tahoe – I and II   WorldMark Rancho Vistoso
202 Tramay Drive                  13355 N. Hidden Springs Drive       WorldMark Windsor                    Ylläs 2
Stateline, NV 89449               Oro Valley, AZ 85737                1251 Shilo Road                      Äkäslompolo 95970
                                                                      Windsor, CA 95492                    Finland
WorldMark Las Vegas               WorldMark Reno
8601 Las Vegas Blvd.              250 N. Arlington                    WorldMark Wolf Creek                 Yucca Park
Las Vegas NV 89123                Reno, NV 89505                      3618 N. Wolf Creek Drive             Urb. Playa Fañabe s/n
                                                                      Eden, UT 84310                       Adeje, Tenerife
WorldMark Leavenworth             WorldMark Running Y                                                      Canary Islands, Spain
100 Enchantment Park Way          5409 Running Y Road                 Wyndham Royal Vista
Leavenworth, WA 98826             Klamath Falls, OR 97601             1110 South Ocean Boulevard           Zuana Beach Resort
                                                                      Pompano Beach, FL 33062              Barrio Bello Horizonte
WorldMark Oceanside Harbor        WorldMark Seaside                                                        Santa Marta, Magdalena,
1301 Carmelo Drive                Avenue A and Columbia                                                    Colombia
Oceanside, CA 92054               Seaside, OR 97138



RESORTS WITH 21 – 50 UNITS PARTICIPATING AND AVAILABLE FOR OCCUPANCY

A Place at the Beach              Accor Vacation Club at              Anchorage Resort & Yacht Club        Atlantic Club Campanario de
4525 South Ocean Boulevard          Grand Mercure Apartments          107800 Overseas Highway                Calahonda
North Myrtle Beach, SC 28582        The Vines                         Key Largo, FL 33037                  Avda. de Espana, 22
                                  Verdelho Drive                                                           Sitio de Calahonda
Acadia Village Resort             Swan Valley                         Apart Holidays –                     Mijas-Costa, Málaga 29650
50 Resort Way                     The Vines, West Australia 6069        Swiss Holiday Park                 Spain
Ellsworth, ME 04605               Australia                           Morschach 6443
                                                                      Switzerland                          Atlantic Terrace
Accor Vacation Club at Grand      Aguilas Marina Beach Resort                                              3629 South Atlantic Avenue
  Mercure Heritage Park Bowral    Hotel Don Juan, Avda. Puerto        Apartur Buenos Aires                 Daytona Shores, FL 32127
Heritage Park                       Deportivo                         Pte. Juan D. Perón 940
9 Kangaloon Road                  Urb. Casica Verde                   Buenos Aires, Argentina              Atlantic View
Bowral, Australia                 Aguilas, Murcia 30880                                                    c/Las Salinas 8, Los Mojones
                                  Spain                               Apartur en El Valle de Las Leñas     Puerto del Carmen, Lanzarote
Accor Vacation Club at                                                Las Leñas                            Canary Islands, Spain
  Grand Mercure Melbourne         Aldea Valle Encantado               Mendoza 5613, Argentina
321 Flinders Lane                 Carretera Panamericana, Km. 9                                            Atlantica Princess
Melbourne, Victoria 3000          Mérida, Venezuela                   Apartur Mountain Club                Ialyssos Beach
Australia                                                             Villa Catedral                       Rhodes 85101, Greece
                                  Alexandra Resort                    San Carlos de Bariloche, Río Negro
Accor Vacation Club Grand         Princess Drive                      Argentina                            Avalon Grand All Inclusive
  Mercure Puka Park Resort        P.O. Box 622                                                               Vacation
Mount Avenue                      Grace Bay, Turks & Caicos           Apollo Park at Vail                  Km. 11.5 Kukulcán Boulevard
Coromandel Peninsula                                                  442 South Frontage Road East         Lote 17.A
Pauanui Beach, New Zealand        All Seasons Vacation Resort         Vail, CO 81658                       Cancún, Quintana Roo
                                  13070 Gulf Boulevard                                                     Mexico
Accor Vacation Club at            Madeira Beach, FL 33708             Apple Valley Resort
  Novotel Nusa Dua Apartments                                         428 Club House Drive                 Avalon Grand Panama
Jalan Pantai Mengiat              Aloha Gardens                       Howard, OH 43028                     Via Transistmica, Milla 10
Nusa Dua, Bali                    Avenida del Golf, Urb. Aloha Golf                                        Las Cumbres Panama
                                  Nueva Andalucía                     Aspens and Aspen Village, The        Panama City, Panama
                                  Marbella, Málaga 29660, Spain       1607 North Davis Avenue, Suite 149
Accor Vacation Club at
  Pinnacle Valley Resort                                              McCall, ID 83638                     Avalon Reef Club
1 Mimosa Drive                    Amara Lifetime Resort                                                    Islote El Yunque
Pinnacle Valley, Victoria 3732    165 Tanjong Pagar Road                                                   Isla Mujeres 77500
Australia                         Singapore 0208, Singapore                                                Mexico
                                                                                                                                              25

Bagaglino – Catturani                  Beach Condominiums, The            Boyne Vacation Club at           Cala Corvino Club II
Campo Carlo Magno                      8459 Gulf Boulevard                  Alpine Village                 Viale Aldo Moro 4
Madonna di Campiglio (TN) 38084        Navarre Beach, FL 32566            600 Highlands Drive              Monopoli
Italy                                                                     Harbor Springs, MI 49740         Bari 70043, Italy
                                       Beachside Village
Bagaglino – Des Alpes 2                50 Surf Drive                      Boyne Vacation Club at           Cala de Mar
Via Campanil Basso                     Falmouth, MA 02540                   Big Horn                       Calle Voltor s/n
Madonna di Campiglio (TN) 38084                                           1 Lone Mountain Trail            Cala Egos, Cala d’Or
Italy                                  Bear Lake Timeshare                P.O. Box 160001                  Mallorca, Balearic Islands 07660
                                       757 Bear Lake Boulevard            Big Sky, MT 59716                Spain
Bagaglino – Hotel La Posta             Garden City, UT 84028
Hotel La Posta & Sport Campiglio                                          Boyne Vacation Club at           Calabogie Peaks Resort
Via Cimatosa 10                        Bent Creek Golf Village              Mountain Cabins                Highway 508, Barret Chute Road
Madonna di Campiglio (TN) 38084        3919 East Parkway                  1 Boyne Mountain Road            Calabogie, Ontario K0J 1H0
Italy                                  Gatlinburg, TN 37738               P.O. Box 19                      Canada
                                                                          Boyne Falls, MI 49713
Balboa Club                            Berkshire by the Sea                                                California Vacation Club –
Avenida Camarón Sábalo S/N             126 North Ocean Drive              Boyne Vacation Club at             Gaslamp Plaza Suites
Mazatlán, Sinaloa, 82110               Delray Beach, FL 33483                                              520 “E” Street
                                                                            Ross Cottages
Mexico                                                                                                     San Diego, CA 92101
                                                                          600 Highlands Drive
                                       Berkshire on the Ocean, The        Harbor Springs, MI 49740
Bali Gardenia Resort                   1775 South Ocean Drive                                              Calini Beach Club
Taman Mumbul, Nusa Dua                 Delray Beach, FL 33483                                              1030 Seaside Drive
                                                                          Boyne Vacation Club at
Bali, Indonesia                                                                                            Sarasota, FL 34242
                                                                            The Summit at Big Sky
                                       Big Bear Lodge & Resort            1 Lone Mountain Trail
Banana Palms Marina                    2645 Valley Heights Drive          P.O. Box 160001                  Camelot By The Sea
  and Resort                           Pigeon Forge, TN 37863             Big Sky, MT 59716                1801 Gulf Way
Av. Reforma 1-50, Zona 9                                                                                   Pass-A-Grille Beach
Edificio El Reformador                 Blue Bay Village                                                    St. Pete Beach, FL 33706
                                                                          Brantridge Park
1er. Nivel Oficina 106                 P.O. Box 162                       Balcombe, Brantridge Lane
Río Dulce, Izabal, Guatemala           Watamu, Kenya                                                       Canadian Resorts – Villas del
                                                                          West Sussex RH17 6JT
                                                                          United Kingdom                     Palmar
Banyan Resort, The                     Blue Water Resorts at                                               Km. 75.5 Carretera Federal 180
323 Whitehead Street                                                                                       Congregación La Vigueta –
                                         Guanahani Village                Breakers Resort
Key West, FL 33040                                                                                         Tecolutla, Veracruz
                                       West Bay Street                    61 Chase Avenue
                                       Nassau, Bahamas                    Dennisport, MA 02639             Costa Esmeralda del Golfo 93620
Barnsdale Country Club                                                                                     Mexico
Exton, Nr. Oakham
                                       Bluewater Resort and Marina        Broome Park Golf and Country
Rutland, Leicestershire LE15 8AB                                                                           Cape Cod Holiday Estates
                                       10 Bluewater Marina Drive            Club
United Kingdom                                                                                             97 Four Seasons Drive
                                       Hilton Head Island, SC 29926       The Broome Park Estate
                                                                                                           Mashpee, MA 02649
                                                                          Barham, Nr. Canterbury
Barrancas del Este –                   Boardwalk One                      Kent CT4 6QX, United Kingdom
  Estacion Bosque                      First & Boardwalk                                                   Cape Winds Resort
Rincon del Indio, Ruta Interbalneari   Ocean City, MD 21842                                                657 West Main Street
                                                                          Burn Park Country Club
Punta del Este, Maldonado, Uruguay                                                                         Hyannis, MA 02601
                                                                          Stratton
                                       Bonita Resort and Club             Bude, Cornwall EX23 8SF
Bay & Beach Club                       26101 Hickory Boulevard            United Kingdom                   Capistrano Surfside Inn
19508 & 19509 Gulf Boulevard           Bonita Springs, FL 33923                                            34680 Pacific Coast Highway
Indian Shores, FL 33785                                                                                    Capistrano Beach, CA 92624
                                                                          Burnside Country Club
                                       Borgo de Colleoli                  Kendal Road
Bay Club, The                          Colleoli, Tuscany                  Bowness-on-Windermere LA23 3EP   Capitaine Cook
302 32nd Street                        Palaia, Italy                      United Kingdom                   55 Rue Louis Bougo
Ocean City, MD 21842                                                                                       Etel 56410, France
                                       Bosques de Monterreal              Cabo San Lucas Beach and
Bay Club of Sandestin                  Bulevar Antonio L. Rodríquez 840     Tennis Club                    Capri Waters Country Club
120 Sandestin Boulevard                Pte. Col. San Jerónimo             Hotel Melia San Lucas            Melbourne Street
Destin, FL 32541-4533                  Monterrey, Coahuila                El Medano                        Mulwala, New South Wales 3647
                                       Nuevo León 64640, Mexico           Cabo San Lucas, B.C.S., Mexico   Australia
Beach Club at Montego Inn, The
1307 South Ocean Boulevard             Boyne Highlands Resort             Cala Blanca                      Captain’s Quarters at Surfside
Myrtle Beach, SC 29577                 600 Highlands Drive                Urb. Costa Taurito               241 Grand Avenue
                                       Harbor Springs, MI 49740           Crta. De Mogan. KM 81.5          Falmouth, MA 02540
Beach Club at St. Augustine                                               Morgan, Gran Canaria 35138
2 Ocean Trace Road                                                        Canary Islands, Spain
St. Augustine, FL 32080
26

Caribbean Beach Club                 Church Street Inn, The             Club Donatello                     Club La Paz
7600 Estero Boulevard                177 Church Street                  501 Post Street                    Urb. Jardines de la Paz
Fort Myers Beach, FL 33931           Charleston, SC 29401               San Francisco, CA 94102-1277       Av. Marqués Villaneve del Prado
                                                                                                           Puerto de la Cruz, Tenerife
Caribe Beach Resort                  Cispatá Marina Hotel               Club Elite Vacation at La Fenice   Canary Islands, Spain
2669 West Gulf Drive                 Bahía Cispatá y Playa Blanca         Resort
Sanibel Island, FL 33957             San Antero, Colombia               Localita Osseddu                   Club La Pension
                                                                        Olbia, Sardinia 07026, Italy       115 Decatur Street
Carolina Club, The                   Clermont                                                              New Orleans, LA 70130
Southwind Drive                      Paraguay 930                       Club El Moro
Hilton Head, SC 29928                Buenos Aires 1057                  Carretera Pichilingue              Club Louka
                                     Argentina                          Esq. Monterrey, P.O. Box 357       Hotel Louka
Casa del Lago                                                           La Paz, B.C.S. 23000, Mexico       Oukaimeden, Morocco
Ruta 258, Km. 18                     Clermont Pinamar
200 Lago Gutiérrez                   Del Cornalito 1271                 Club El Velero                     Club No. 1 Nice Côte d’Azur
San Carlos de Bariloche, Río Negro   Pinamar, Buenos Aires              c/Centurion y Córdoba, 3           56 Rue St. Philippe
Argentina                            Argentina                          Torremolinos, Málaga 29620         Nice 06000, France
                                                                        Spain
Casa Metz                            Cliffs Club Resort, The                                               Club Noosa
Via Iman 5                           3811 Edward Road                   Club Estela Dorada at              Noosa Drive
Santa Christina in Val Gardena       Princeville, Kauai, HI 96722         Gruphotel Club Aldea del Mar     Noosa Heads
BZ 39047, Italy                                                         Avda. Roentgen s/n                 Queensland 4567, Australia
                                     Club Ambassador                    Torrevieja, Alicante 03180
Casablanca                           Calle Granados                     Spain                              Club Orlando
Av. Ezequiel Bustillo Km. 23.5       Urb. Durazno, La Paz                                                  5305 San Antonio Street
8409 Llao Llao                       Puerto de la Cruz, Tenerife        Club Estela Dorada at              Orlando, FL 32809
San Carlos de Bariloche, Río Negro   Canary Islands, Spain                Gruphotel Club Novelty
Argentina                                                               Calle Berlin, 5                    Club Paso del Rio
                                     Club Asia International –          Salou                              Calle Paso do Rio. 16
Cathedral Ledge                        Damai Rainforest Resort          Tarragona, 43840                   Montrove (Oleiros)
Junction Routes 16/302 and 16A       Pantai Damai, Santubong            Spain                              A Coruña, Galicia 15179
Intervale, NH 03845                  Kuching, Sarawak 93860, Malaysia                                      Spain
                                                                        Club Estela Dorada at
Cerritos Resort                      Club Asia International –            Gruphotel Club Riviera           Club Playa Blanca
Av. Sábalo Cerritos Entronque          Royal Mulu Resort                Autovia Salou-Reus, 4              Ruta Panamericana Norte
con Carr. Al Habal                   Sungai Melinau, Baram              Salou (Tarragona) 43840, Spain     Km. 430, IV Region
Mazatlán, Sinaloa, Mexico            Miri, Sarawak 98000, Malaysia                                         Tongoy, Chile
                                                                        Club Estela Dorada at
Channel Island Shores                Club Azúr                            Gruphotel Club Tarter            Club Playa Vista at Lubina Sol
1311 Mandalay Beach Road             Erkel Ferenc U. 2/c                Apartamento I32                    c/o Aztec Country Club
Oxnard, CA 93035                     Siofok, Somogy 8600                Ransol, Canillo, Andorra           c/Libra Urb. Riviera del Sol
                                     Hungary                                                               Mijas-Costa, Málaga 29647
Charter Club Resort                                                                                        Spain
                                                                        Club Estela Dorada at
  on Naples Bay                      Club at Cape Cod, The                Ogisaka Garden
1000 10th Avenue South               177 Lower County Road              Calle Aquari, 3
                                                                                                           Club Playa Vista at Torre
Naples, FL 33940                     Dennisport, MA 02639               Alicante, Denia 03700                Oceano
                                                                        Spain                              c/o Aztec Country Club
Chateau Dale Resort                  Club Biodorf Bad Waltersdorf                                          c/Libra Urb. Riviera del Sol
322/2 Moo 12, Thuppraya Road         Bad Waltersdorf                                                       Mijas-Costa, Málaga 29647, Spain
                                                                        Club Flamingo
Pattaya City, Chonburi 20260         Bad Waltersdorf 8271, Austria      c/o Flamingo Beach Hotel
Thailand                                                                Bonaire, Netherlands Antilles      Club Premier Four Seasons –
                                     Club Campestre El Carrizal                                              Soleil La Antigua
Chateau Orleans                      Carr. Panamericana Km. 19                                             9 Calle Poniente
                                                                        Club Imperial Park
240 Burgundy Street                  Panama City, Panama                                                   La Antigua Guatemala 03001
                                                                        c/Tossal de la Cometa, s/n
New Orleans, LA 70112                                                                                      Guatemala
                                                                        Calpe, Alicante, 03710
                                     Club Canaima Playa                 Spain
Chetola Lodge and Conference         Paseo del Mar 30                                                      Club Premier Four Seasons –
  Center                             Palma Nova, Mallorca R-07181       Club Intrawest – Tremblant           Soleil Pacifico
North Main Street                    Balearic Islands, Spain            200 Chemin des Saisons             Chulamar, Puerto De San Jose
Blowing Rock, NC 28605                                                  Mont Tremblant, Québec J0T 1Z0     Escuintla, Guatemala
                                     Club Dolmen By The Sea             Canada
China Worldbest Crown Spa            Islets Promenade                                                      Club Puerto Atlántico
  Resort Hainan                      Qawra, Malta                                                          Carretera General del Sur
1Qiongshan Avenue                                                                                          Arguineguín, Gran Canaria 35120
Haihou, Hainan 57100, China                                                                                Canary Islands, Spain
                                                                                                                                                27

Club QM at The Ridge Sierra         Colonial Village                         Cranberry Waterfront Suites and   Doha Hills
265 Quaking Aspen                   Los Cardones                               Country Club                    P.O. Box 55398
Stateline, NV 89449-2157            Av. Litoral, Playa de las Américas       15 Harbour Street E.              Sin-El-Etl
                                    Arona, Tenerife, Canary Islands, Spain   Collingwood, Ontario              Doaht El-Hoss
Club Quinta del Mar                                                          Canada L9Y 4T9                    Beirut, Lebanon
Boulevard Benito Juarez 22-500      Colonies at Williamsburg, The
Rosarito Beach, B.C.N., Mexico      5380 Olde Towne Road                     Crescent, The                     Dolphin Beach Club
                                    Williamsburg, VA 23188                   1420 Ocean Drive                  3355 South Atlantic Avenue
Club Regency in Regency                                                      Miami Beach, FL 33139             Daytona Beach Shores, FL 32118
  Towers                            Commodore Beach Club
2511 South Ocean Boulevard          13536 Gulf Boulevard                     Cristal Palace Hotel              Don Pancho Beach Resort
Myrtle Beach, SC 29587-4246         Madeira Beach, FL 33708                  Ciudad de la Paz 2550             58-62 Miller Street
                                                                             Buenos Aires, Argentina           Kelly’s Beach, Bundaberg
Club Royal –                        Condominio Porto Bello Marina                                              Queensland 4670, Australia
  King Solomon’s Palace Hotel         Villas                                 Crown Regency Vacation at
Eilat 88000, Israel                 Bahia de Xcacel Lote 9 MZ 023.             Crown Regency Residence         Dreams La Romana Resort &
                                      Plano 01                               J.P Cabaguio Avenue
                                                                               .                                 Spa
Club Royale at Torre Oceano         Puerto Aventuras, Quintana Roo           Agdao, Davao City 8000            Playa de Bayahibe
c/o Aztec Country Club              Mexico                                   Philppines                        La Romana, Dominican Republic
Calle Libra, Urb. Riviera del Sol
Mijas-Costa, Málaga 29647, Spain    Corail Royal Marina                      Daytona Resort and Club           Eastwood at Provincetown
                                    Porto Coralto                            1200 Ruger Place                  324 Bradford Street
Club Sea Oats                       Tabarka, Tunisia                         Daytona Beach, FL 32118           Provincetown, MA 02657
2539 South Atlantic Avenue
Daytona Beach Shores, FL 32118      Coral Costa Resort, Juan Dolio           Desert Vacation Villas            Eden Bay Resort
                                    Juan Dolio Beach                         250 West Vista Chino              St. Georges Bay
Club Sol Mar del Plata              San Pedro de Macoris 066-B               Palm Springs, CA 92262            St. Julians STJ 07, Malta
Bolivar 1002 – Esq. Mendoza         Dominican Republic
Mar del Plata, Buenos Aires                                                  DeVere at Belton Woods            Edinburgh Residence
Argentina                           Cordial-Hotel Going                      Belton, Near Grantham             7 Rothebay Terrace
                                    Marchstr. 27                             Lincolnshire, NG32 2LN            Edinburgh EH3 7RY
Club Système Vacances at            Going, Tyrol 6353, Austria               United Kingdom                    United Kingdom
  Club Callao Garden
Callao Salvaje                      Costa Bonita Condominium &               DeVere Resort Ownership The       Eduard’s Hotel Suites & Resort
Adeje, Tenerife                       Beach Resort                             Carrick                         Urbanizacion Alamo
Canary Islands, Spain               Calz. Sabalo Cerritos No. 7500           The Carrick at Cameron House      Macuto, Venezuela
                                    Mazatlan, Sinaloa, Mexico                Lock Lomond, Dunbartonshire
Club Wandlitzsee-Berlin                                                      United Kingdom                    Elani Bay
Stolzenhagener Chaussee 22-24       Costa del Sol Resort                                                       Siviri
Wandlitzsee 16348, Germany          4220 El Mar Drive                        DeVere Resort Ownership           Kassandra, Halkidiki, Greece
                                    Lauderdale-By-The-Sea, FL 33308            Slaley
Clube do Mónaco                                                              Hexham, Northumberland NE47 0BY   Englewood Beach and Yacht
Rua Gileanes                        Costa Maya Reef Resort                   United Kingdom                      Club
Cerro Da Lagoa, 8200 Albufeira      Ambergris Caye                                                             1815 Gulf Boulevard
Algarve, Portugal                   P.O. Box 69                              Devoncourt                        Englewood, FL 34223
                                    San Pedro Town, Belize                   Douglas Avenue
Clubhotel am Kreischberg                                                     Exmouth, Devon EX8 2EX            Equivest Riverside Suites
Kreischberg Str. 5                  Costa Sal                                United Kingdom                    218 College Street
St. Georgen ob Murau, 8861          c/Agonal, 6, Urb. Matagorda                                                San Antonio, TX 78205
Austria                             Puerto del Carmen, Lanzarote             Discovery Bay Yacht & Racquet
                                    Canary Islands, Spain                      Club                            Es Pueto
Coconut Beach Resort                                                         141 Orcas Drive                   C/Es Canar s/n
1500 Alberta Street                 Costa Sul Beach Resort                   Port Townsend, WA 98368           A lado Hotel Tres Torres
Key West, FL 33040                  Rua Gal Neto, 383 sala 905-Passo                                           Santa Eulalia, Ibiza E-07840
                                    Camboriu, Brazil                         Dive Inn Resort                   Balearic Islands, Spain
Colonial Crossings of                                                        34/H, Cliff Om el Seed
  Williamsburg                      Country Club Villas                      Sharm el Sheikh, Egypt            Escapes! to the Gulf at Orange
200 English Garden Way              1550 Fawn Vista Drive                                                        Beach
Williamsburg, VA 23188              Surfside, SC 29575                       Divi Heritage                     22984 Perdido Beach Boulevard
                                                                             Vauxhall, St. James Parish        Orange Beach, AL 36561
Colonial Acres Resort               Country Vacation Villas                  Barbados, West Indies
114 Standish Way                      (Amador)                                                                 Escapes! to Tropical Breeze at
West Yarmouth, MA 02673             Avenida Amador y Avenida Pelicano                                            Panama City Beach
                                    Apto Postal 8001                                                           17001 West Front Beach Road
                                    Panama City, 7, Panama                                                     Panama City Beach, FL 32413
28

Estancia Apartur Mar del Plata        Freeport Resort & Club                Grand Oasis Marien                  Hawaiian Princess at Makaha
Frente a la nueva cancha de Mar del   Rum Cay Drive                         Calle Duarte #6                       Beach
   Plata Golf Club                    Freeport, Grand Bahama Island         Puerto Plata                        84-1021 Lahilahi Street
Mar del Plata, Buenos Aires           Bahamas                               Dominican Republic                  Makaha, Oahu, HI 96792
Argentina
                                      Fuente Real Resort                    Grand Oasis Punta Cana              Hawks Nest, The
Fairmont Estates Condominiums         Carrera 7a No 21-61                     Vacation Club                     One Kyle Way South
101 High Country Drive                Tolima, Colombia                      Cabeza de Toro                      Marathon, FL 33050
Anaconda, MT 59711                                                          Punta Cana, Dominican Republic
                                      Fun and Adventure Club at                                                 Heidelberg Inn
Fairmont Vacation Villas at             Erlebnishotel Liebnitzmühle         Grand Okanagan Resort and           85 Boulder Drive – Lakeview
  Riverview                           Liebnitz 38                             Conference Centre, The            June Lake, CA 93529
5240 Riverside Drive                  Raabs an der Thaya 3820, Austria      1310 Water Street
Fairmont Hot Springs                                                        Kelowna, British Columbia V1Y 9P3   Hever Golf and Country Club
British Columbia V0B 1L0              Fun and Adventure Club at             Canada                                Hotel
Canada                                  Erlebnishotel Nová Amerika                                              Hever Road
                                      Zalonov 45                            Grand Regency Resort at             Hever, Kent TN8 7NP
Family Clubhotel and                  Jaromer 55101, Czech Republic           Thousand Hills                    United Kingdom
  Apartments                                                                175 Golf View Drive
Daruzug 5/a                           Gålå Fjellgrend                       Branson, MO 65616                   Hideaway Sands Resort
Hajduszoboszlo 4200                   Gålå Høgfjellshotell Og Hytter                                            3804 Gulf Boulevard
Hungary                               Gålå 2646, Norway                     Greenhouse – Villas, The            St. Petersburg, FL 33706
                                                                            Route 209
Fantasy Island Resort II              Galaxy Holiday Club                   Bushkill, PA 18324                  Holiday Club Fured
3175 South Atlantic Avenue            Depiro Street                                                             Tancsics M. u 18
Daytona Beach, FL 32118               Sliema SLM 05, Malta                  Gruphotel Club Aldea del Mar        Balatonfuered 8230
                                                                            Av. Roentgen S/N                    Hungary
Farallón                              Garden Valley Golf Resort             Torrevieja, Alicante 03180
Caviahue Base                         220 FM Road 1995                      Spain                               Holiday Club Pyhä
Norguin-NE                            Garden Valley, TX 75771                                                   Pyhätunturi 98530, Finland
Neuquén, Argentina                                                          Gruphotel Club Riviera
                                      Gardens at West Maui, The             Av. Salou-Reus, 4                   Holiday Club Ruka
Ferienclub Eichenhof                  5500 Old Honoapiilani Highway         Salou, Tarragona E-43840            689 Pulkajarvi
Bergstr. 22                           Kapalua, Maui, 96761, Hawaii          Spain                               Kuusamo 93999, Finland
Zell am See 5700, Austria
                                      Gold Point Condominiums               Gruphotel Club Tarter               Holiday Owners Club at
Ferienwelt-Hotel Wikings-Inn          1000 County Road 520                  Apartamento I32                       Devoncourt
Schwimmbadallee 6                     Breckenridge, CO 80424                Ransol, Canillo, Andorra            Douglas Avenue
Wingst 21789, Germany                                                                                           Exmouth, Devon EX8 2EX
                                      Golden Palms Hotel and Spa            Gulf Tides of Longboat Key          United Kingdom
First Cabin Club                      31/32 Golden Palms Avenue             3008 Gulf of Mexico Drive
1000 McCulloch Boulevard              Off Tumkur Road                       Longboat Key, FL 34228              Holiday Owners Club at Hever
Lake Havasu City, AZ 86403            Bangalore, Kamataka 562 123                                                 Golf & C.C. Hotel
                                      India                                 Hammocks, The                       Hever Road
Fishermen’s Village Resort Club                                             60 Earl of Craven                   Hever, Kent TN8 7NP
1200 West Retta Esplanade, Q-58       Grand Beach Vacation Resort           Bald Head Island, NC 28461          United Kingdom
Punta Gorda, FL 33950-5339            8309 Lake Bryan Beach Boulevard
                                      Orlando, FL 32821                     Harbor Landing Condominiums         Holiday Park Resort
4 Seasons at Beech Mountain                                                 4 Beach Road Extension              S1, 415 Commonwealth Road
608 Beech Mountain Parkway            Grand Caymanian Resort                Vineyard Haven, MA 02568            Winfield, British Columbia V4V 1P4
Beech Mountain, NC 28604-8014         SafeHaven                                                                 Canada
                                      P.O. Box 30610                        Harbor Ridge
Four Seasons Racquet and              Crystal Harbor, Grand Cayman          Freeman Ridge Road                  Hollywood Beach Hotel
  Country Club                        Cayman Islands                        Southwest Harbor, ME 04679          101 North Ocean Drive
301-10 Carol Road                                                                                               Hollywood, FL 33019
Lake of the Ozarks, MO 65049          Grand Holiday Club at Atlantic        Harbour Beach Resort
                                        Garden                              701 South Atlantic Boulevard        Hono Koa Vacation Club
Four Seasons Residence Club           Avenida Gran Canaria 7                Daytona Beach, FL 32118             3801 Lower Honoapiilani Highway
  Scottsdale                          Corralejo, La Oliva                                                       Lahaina, Maui, HI 96761
10650 East Crescent Moon Drive        Fuerteventura, Canary Islands 35640   Harbour Town Yacht Club
Scottsdale, AZ 85255                  Spain                                 149 Lighthouse Road                 Horizon Touristic Resort
                                                                            Hilton Head Island, SC 29938        Red Sea
Four Winds Beach Resort               Grand Hotel Misurina                                                      Hurghada, Egypt
2605 Gulf of Mexico Drive             Via Monte Piana 21
Longboat Key, FL 34228                Misurina (BL), Italy
                                                                                                                                             29

Hosteria del Cerro                   Hotelcal – Hotel Apartamentos        Jackson Hole Towncenter           La Orquidea Heights
Villa Cerro Catedral                   Calypsso I                         320 West Broadway                 c/d Jose Orbaneja s/n
San Carlos de Bariloche              Malecon Balneario de Salinas         Jackson Hole, WY 83001            Sitio de Calahonda
Río Negro 8400, Argentina            Salinas, Ecuador                                                       Mijas-Costa, Málaga 29650
                                                                          Jamaican on the Gulf              Spain
Hosteria del Lago                    Huka Village Estate                  11660 Gulf Boulevard
Ave. Ezequiel Bustillo Km. 7.8       Huka Falls Road                      Treasure Island, FL 33706         La Quinta at La Manga
Box 8.400                            Taupo, New Zealand                                                     La Manga Club, Los Belones
San Carlos de Bariloche                                                   Ka’anapali Beach Club             Cartagena, Murcia 30385, Spain
Río Negro 8400, Argentina            Hyatt Sunset Harbor Resort           104 Kaanapali Shores Place
                                     Front Street at Truman Annex         Lahaina, Maui, HI 96761           La Renaissance
Hotel Aguamarina                     Key West, FL 33040                                                     190 Kentucky Avenue
Lote No. 5                                                                Kahana Villa Vacation Club        Atlantic City, NJ 08404
Higuerote, Miranda, Venezuela        Illetas Club Playa – Bougainvilla    4242 Lower Honoapiilani Highway
                                     Paseo Illetas 62                     Lahaina, Maui, HI 96761           Lagamar Resort
Hotel Breckenridge at Marriott’s     Illetas                                                                Av. Das Palmeiras, 444
  Mountain Valley Lodge              Mallorca, Balearic Islands E-07015   Kahlua Beach Club                 Varginha, Minas Gerais, Brazil
655 Columbine Road                   Spain                                4950 Estero Boulevard
Breckenridge, CO 80424                                                    Fort Myers Beach, FL 33931        Lago Vista at Buenaventura
                                     ILX Premiere Vacation Club –                                             Lakes
Hotel De L’Eau Vive                    Carriage House, The                Kala Point Village and Resorts    180 Royal Palm Drive
315 Tchoupitoulas Street             105 East Harmon Avenue                 West Vacation Club at Kala      Kissimmee, FL 34743
New Orleans, LA 70130                Las Vegas, NV 89109                    Point
                                                                          20 Village Drive                  Lagonita Lodge
Hotel El Castellano                  ILX Premiere Vacation Club at        Port Townsend, WA 98368           183 Lagonita Lane
Calle 57 #513X 63 and 64               Golden Eagle Resort                                                  Big Bear Lake, CA 92315
Merida, Yucatan 97000, Mexico        300 Riverside Drive                  Kamaole Beach Club
                                     Estes Park, CO 80517                 2381 South Kihei Road             Laguna Shores
Hotel La Pedregosa                                                        Kihei, Maui, HI 96753             419 North Coast Highway
Final Av. Panamericana               ILX Premiere Vacation Club –                                           Laguna Beach, CA 92651
Urb. La Pedregosa                      Sea of Cortez Beach Club           Kenmore Club, The
Mérida, Venezuela                    Paseo Mar Bermejo 4, Los Algodones   Kenmore, Perthshire PH15 2HH      Laguna Suites Golf and Spa
                                     San Carlos, Nuevo Guaymas            United Kingdom                    Paseo Pok Ta Pok num 3
Hotel Las Naciones Suites &          Sonora, Mexico                                                         Zona Hotelera
  Tower                                                                   Kimball, The                      Cancún, Quintana Roo
Av. Corrientes 818                   Indian Peaks                         150 North Main Street             Mexico
Buenos Aires, Argentina              817 Cramner Avenue                   Salt Lake City, UT 84103
                                     Fraser, CO 80482                                                       Laguna Surf
Hotel Mansión Tarahumara                                                  Kingfisher Club                   611 South Coast Highway
Domicilio Conocido Areponapuchic     Inn at the Opera, The                Benal Beach                       Laguna Beach, CA 92651
Barrancas del Cobre, Chihuahua       333 Fulton Street                    Ctra. de Cádiz, Km. 221
Mexico                               San Francisco, CA 94102              Benalmadena-Costa, Málaga 29630   Lake Arrowhead Chalets
                                                                          Spain                             199 Rockledge Lane
Hotel Puerta del Mar                 Inn at Silver Lakes, The                                               Kuffel Canyon and Highway 173
Paseo de las Gaviotas                14818 Clubhouse Drive                Kingfisher Inn                    Lake Arrowhead, CA 92352
Esq. Agua de Correa                  Helendale, CA 92342                  100 N. Waccamaw Drive
Ixtapa, Zihuatanejo                                                       Garden City Beach, SC 29223       Lake Forest Resort and Club
Guerrero 40880, Mexico                                                                                      1531 Golf View Drive
                                     InnSeason Captain’s Quarters
                                     241 Grand Avenue                     Kololi Beach Club                 Eagle River, WI 54521
Hotel Internacional Quirinale        Falmouth, MA 02540                   Ker Serign Kombo North
Av. H. Quiros y Noailles                                                  P.M.B. 241                        Lake Placid Club Lodges
Colón, Entre Ríos, Argentina                                              Serrekunda, Gambia                30 Lake Placid Club Way
                                     InnSeason Resorts –
                                                                                                            Lake Placid, NY 12946
                                       South Mountain
Hotel Serena Beach Club              Route 112 – Main Street              Kona Reef
Punici Street                        Lincoln, NH 03251                    75-5888 Alii Drive                Lakeland Village, The
Xlendi, Island of Gozo VCT 115                                            Kailua-Kona, Hawaii, HI 96740     Newby Bridge, Ulverston
Malta                                                                                                       Cumbria LA12 8PX
                                     Inverness at Walden – Phase II
                                                                          Kuleana Club, The                 United Kingdom
                                     13151 A Walden Road, #243
Hotel Tamarindo Costa Real           Montgomery, TX 77356                 3959 L. Honoapiilani
Playa Tamarindo                                                           P.O. Box 45                       Lakeside Terrace in the Vail
Santa Cruz, Guanacaste, Costa Rica                                        Lahaina, Maui, HI 96767             Valley
                                     Jackson Hole Racquet Club
                                                                                                            340 Benchmark Road
                                       Resort
Hôtel Vacances Tremblant             Star Route #363-B                    Kulta-Katti                       Avon, CO 81620
330 Route 117                                                             Suojarventie 2
                                     Jackson Hole, WY 83001
St. Jovite, Quebec, Canada J0T 2H0                                        Vuokatti 88610, Finland
30

Lakeside Villas                        Lifetime Vacation Club at            Manhattan Club Penthouse           Matecumbe Resort
9600 Regent Parkway                       Miraflores                         Suites, The                       76261 Overseas Highway
Fort Mill, SC 29715                    Urb. Miraflores                      200 West 56th Street               Islamorada, FL 33036
                                       Apt. de Correo 85 La Cala de Mijas   New York City, NY 10019
Lakeside Villas, The                   Mijas-Costa, Málaga 29647, Spain                                        Maui Beach Vacation Club
96 Lake Terrace                                                             Marbella Suites                    515 South Kihei Road
Taupo, New Zealand                     Lighthouse Resort and Club           Carretera Transpeninsular, Km. 3   Kihei, Maui, HI 96753
                                       210 Periwinkle Way                   Fracc El Tezal, Lote 20
Lapinniemi                             Sanibel Island, FL 33957             Cabo San Lucas, B.C.S. 23450       Métropole Opéra
Lapinniemenranta 12                                                         Mexico                             2 Rue de Gramont
Tampere 33180, Finland                 Lindo Mar Adventure Club                                                Paris 75002, France
                                       Km. 2.5, Ctra. Barra de Navidad      Marblewood Village
Las Torres Gemelas                     Puerto Vallarta, Jalisco, Mexico     8 Thistle Drive                    Misiones del Cabo Vacation
Costera Miguel Aleman #1230                                                 Steady Brook                         Club
Acapulco, Mexico                       Lion’s Gate Pines Lodge              Newfoundland A2H 2N2, Canada       Km. 5.5 Ctra. Transpeninsular
                                       55 North Lion’s Gate Drive                                              Cabo San Lucas, B.C.S., Mexico
Laurel Point Condominiums              Winter Park, CO 80482                Marina Club
805 Ski Mountain Road                                                       North Beach                        Mittersill Resort
Gatlinburg, TN 37738                   Little Sweden                        Eilat 88141, Israel                193 Mittersill Road
                                       8984 Highway 42                                                         Franconia, NH 03580
Lawai Beach Resort –                   Fish Creek, WI 54212                 Marina Palace
  Coral Building                                                            Av. Delfim Moreira, 630            Monarch Grand Vacations –
5017 Lawai Road                        Lloyd’s Club                         Rio de Janeiro 22441, Brazil        Tahoe Seasons
Koloa, Kauai, HI 96756                 Av. de los Holandeses, s/n                                              3901 Saddle Road
                                       La Mata – Torrevieja                 Marina Village at Snug Harbor      South Lake Tahoe, CA 96150
Le Manoir des Deux Amants              Alicante 03180, Spain                645 San Carlos Boulevard
Dep. 19, 40 Route d’Amfreville                                              Fort Myers Beach, FL 33932-2430    Morro Mar Vacation Club
Connelles, Sous Les Monts 27430        Lodge at Lake Tahoe, The                                                c/Mato, Matagordo No. 7
France                                 3840 Pioneer Trail                   Marine Terrace                     Puerto del Carmen, Lanzarote 35510
                                       South Lake Tahoe, CA 96150           1018 North Atlantic Avenue         Canary Islands, Spain
Le Mirage                                                                   Daytona Beach, FL 32118
San Francisco de Asís s/n              Lodges at Cresthaven                                                    Mountain Club at Kirkwood, The
Villa Carlos Paz, Córdoba, Argentina   3210 Lake Shore Drive                Mariner’s Boathouse & Beach        Kirkwood Meadows Drive
                                       Lake George, NY 12845                 Resort                            Kirkwood, CA 95646
Le Nautile                                                                  7630 Estero Boulevard
Port Camargue                          Lodges at Timber Ridge Welk          Fort Myers Beach, FL 33931         Mountain Meadows Resort
Le Grau du Roi 30240, France             Resorts Branson, The                                                  2813 Rolling Hills Drive
                                       1984 Highway 165                     Mariner’s Point Beach Club         Pigeon Forge, TN 37863
Le Relais du Plessis                   Branson, MO 65616                    425 Grand Avenue
2 Rue Clement Ader                                                          Falmouth, MA 02540                 Mountainside Lodge
Plessis-Trevise, France                Loma Bonita                                                             4417 Sundial Place
                                       Paseo de los Yaquis y                Marriott’s Canyon Villas at        Whistler
Le Ville del Lido                      Avenida de los Series S/N             Desert Ridge                      British Columbia V0N 1B4
Via Lungomare Marconi                  Country Club San Carlos              5225 E. Marriott Drive             Canada
Lido di Venezia (VE) 30126, Italy      Sonora, Mexico                       Phoenix, AZ 85054
                                                                                                               Multigestion –
Le Ville del Magara                    LomaSirmakka                         Marriott’s Harbour Club at          Domaine de Garlande
Croce di Magara                        Tuulentie 5                           Harbour Town                      Quartier des Canissons
Spezzano Piccolo (CS) 87052, Italy     Nurmes 75500, Finland                144 Lighthouse Road                Cavalaire 83240, France
                                                                            Hilton Head Island, SC 29938
Legend Hotel –                         Los Pájaros                                                             Multigestion –
  Kuala Lumpur, The                    Calle del Tuyu 919                   Marriott’s Heritage Club            Les Terrasses de Théoule
100, Jalan Putra                       Pinamar, Buenos Aires, Argentina     18 Lighthouse Lane                 19, Boulevard de l’Esterel
Kuala Lumpur 50350                                                          Hilton Head Island, SC 29938       Théoule 06590, France
Malaysia                               Los Tajibos Vacation Club
                                       Av. San Martin No. 455               Marriott’s Imperial Palm Villas    Native Sun, The
Legend Resort – Cherating, The         Santa Cruz 2966, Bolivia             8404 Vacation Way                  1950 South Ocean Boulevard
Lot 1290 Mukim Sungai                                                       Orlando, FL 32821                  Pompano Beach, FL 33062
Karang, Cherating                      Macdonald Elmers Court Resort
Kuantan, Pahang, 20680                  and Country Club II                 Marriott’s Sunset Pointe at        Nautical Mile Resort &
Malaysia                               South Baddesley Road                  Shelter Cove                        Condominiums, The
                                       Lymington, Hampshire SO41 5ZB        4 Shelter Cove Lane                1072 Post Road
Les Terrasses de Saint Honorat         United Kingdom                       Hilton Head Island, SC 29928       Wells, ME 04090
Miramar – RN 98
Theoule Sur Mer 06590, France
                                                                                                                                                   31

Nautical Watch Beach Resort            Ocean High                         Options by Macdonald at Loch         Paradise Holiday Resort
3420 Gulf Boulevard                    503 32nd Street                     Rannoch Hotel and Resort            Rua dos Pardais 250 H
Belleair Beach, FL 33786               Ocean City, MD 21842               Loch Rannoch Estate                  Bombinhas, Santa Caterina, Brazil
                                                                          Kinloch Rannoch
Neptune, The                           Ocean Park Vacation Club           Perthshire, Scotland PH 16 5PS       Paradise Island Beach Club
2310 Estero Boulevard                  Rua Simplicio dos Passos Gouveia   United Kingdom                       Ocean Ridge Drive
Fort Myers Beach, FL 33931             29 Ocean Park Promenade                                                 Nassau, Bahamas
                                       Funchal, Madeira 9000-100          Options by Macdonald at
Neptune Vacation Club                  Portugal                            Lochanhully Resort                  Park Plaza at Beaver Creek
Connecticut Avenue                                                        Carrbridge                           46 Avondale Lane
Block Island, RI 02807                 Ocean View at Island Club          Inverness-shire, Scotland PH23 3NA   Beaver Creek, CO 81620
                                       85 Folly Field Road                United Kingdom
Newport Bay Club, The                  Hilton Head, SC 29928                                                   Pend Oreille Shores Resort
337 Americas Cup Avenue at                                                Orient Touristic Development         1250 Highway 200
  Thames Street                        Ocean Villas                       El Hadaba El Ganoubeya               Hope, ID 83836
Newport, RI 02840                      7509 North Ocean Boulevard         Hurghada 4342, Egypt
                                       Myrtle Beach, SC 29577                                                  Peninsular Club at La Manga
Nob Hill Inn                                                              Orlando Breezes Resort Club            Club
1000 Pine Street                       Oceancliff I & II                  12727 U.S. Highway 27 North          Los Belones, Cartagena
San Francisco, CA 94109                Ridge Road                         Davenport, FL 33897                  Murcia 30385, Spain
                                       Newport, RI 02840
Nordvind Resort                                                           Orofino by Straight Creek            Peppertree – Fontana Village
12700 Gulf Boulevard                   Oceanique                          390 Straight Creek Drive             Highway NC 28
Treasure Island, FL 33706              2105 Highway A1A                   Dillon, CO 80435                     Fontana Dam, NC 28733
                                       Indian Harbour Beach, FL 32937
NorthBay at Lake Arrowhead                                                Outrigger Beach Club                 Peppertree – Maggie Valley
27400 Sugar Pine Drive                 Old Bahama Bay Resort at           215 South Atlantic Avenue            265 Moody Farm Road
Lake Arrowhead, CA 92352                 Ginn Sur Mer                     Ormond Beach, FL 32176               Maggie Valley, NC 28751
                                       Bayshore Drive
Northslope at Shawnee                  West End, Grand Bahama Island      Owners Resorts & Exchange at         Peppertree at Thousand Hills
  Mountain                             Bahamas                             St. George                          2800 Green Mountain Drive
River and Hollow Roads                                                    280 West 2025 South Circle           Branson, MO 65616
P.O. Box 93                            Omni Cancún Hotel and Villas       St. George, UT 84770
Shawnee-On-Delaware, PA 18356          Blvd. Kukulcán L48, Hotel Zone                                          Peregrine Townhomes at
                                       Cancún, Quintana Roo 77500         Pacific Palms                          San Luis Pass
Northstar Lodge, a Hyatt               Mexico                             2 Lakeside Crescent                  10202 Bluewater Highway
  Residence, The                                                          New South Wales 2428, Australia      Freeport, TX 77541
970 Northstar Drive                    Open Sud Aparthotel
Truckee, CA 96161                      Golf de la Côte d’Argent           Palace View South                    Perennial Vacation Club –
                                       Moliets 40660, France              700 Blue Meadows Drive                 Bandera
Northstar Mountain Village                                                Branson, MO 65616                    1775 River Ranch Road
1351 Gerry Sorenson Way                Options by Macdonald at                                                 Bandera, TX 78003
Kimberley, British Columbia, V1A 2Y9    Dalfaber Resort Chalets           Palm Beach Resort and Beach
Canada                                 Dalfaber Estate                      Club                               Petit Crest Villas
                                       Aviemore                           3031 South Ocean Boulevard           90 Steve Tate Highway
Northwoods Club of Lake Placid         Inverness, Scotland PH22 1ST       Palm Beach, FL 33480                 Marble Hill, GA 30148
122 Main Street                        Great Britain
Lake Placid, NY 12946                                                     Palm Springs Marquis Villas          Pinares del Mar
                                       Options by MacDonald at            140 S. Calle Encilia                 Calle Mar del Plata
Oasis Hamaca                            Elmers Court Country Club         Palm Springs, CA 92262               Entre Calles 42 y 43
Calle Duarte, Boca Chica                & Resort                                                               Mar Azul, Villa Gesell
Santo Domingo, Dominican Republic      South Baddesley Road               Palma Real Hotel and Villas          Buenos Aires 7165, Argentina
                                       Lymington, SO41 5ZB                Marina de Juluapan
Ocean Club at Atlantic Inn, The        United Kingdom                     Manzanillo, Colima, Mexico           Pirayú
8 Crandall Avenue                                                                                              Av. Tres Fronteras 550
Misquamicut, RI 02891                  Options by Macdonald at            Panama City Resort and Club          Puerto Iguazú, Misiones, Argentina
                                        Elmers Court Country Club II      16709 Front Beach Road
Ocean Club at Ramla Bay                South Baddesley Road               Panama City, FL 32413                Plantation Beach Club at Indian
Ramla Bay Resort                       Lymington, Hampshire SO41 5ZB                                             River Plantation
Ramla TAL-BIR                          United Kingdom                     Papakea                              329 Northeast Tradewind Lane
Marfa MLH 02, Malta                                                       3543 Lower Honoapiilani              Stuart, FL 34996
                                                                          Lahaina, Maui, HI 96761
Ocean Gate Resort                                                                                              Plantation Village Beach Resort
4730 A1A South                                                                                                 West Bay Road
St. Augustine, FL 32084                                                                                        Grand Cayman, Cayman Islands
32

Playa del Sol Costa Sur                Pueblo Laguna Vera                 Residence Club Seaside              River Resort
  (North Tower)                        Apartado de correos 164            100 South Promenade                 Murray River Drive
Km. 4-456 Carretera, Barra Navidad     Las Marinas                        Seaside, OR 97138                   Murray Lakes
Puerto Vallarta, Jalisco, Mexico       Vera, Almería 04620, Spain                                             South Yunderup
                                                                          Résidence des Pins Bleus            Western Australia 6208
Playa Maria Beach Club                 Pueblo Vista Alegre                Avenue de Cannes                    Australia
Av. Sábalo Cerritos s/n                Urb. Vista Alegre – Es Cubells     Juan Les Pins 06600, France
Mazatlán, Sinaloa, Mexico              San José, Ibiza 07830                                                  Riviera Beach and Spa Resort
                                       Balearic Islands, Spain            Résidence le Diamant                  I & II and Monarch Grand
Plaza Resort at Palmas del Mar                                            Villard de Lans 38250, France         Vacations at Riviera Beach
235 Harbour Drive                      Puerto Bunge Apart Hotel                                                 and Spa Resort
Palmas del Mar                         Av. Bunge y Marco Polo             Residence Liscia di Vacca           34630 Pacific Coast Highway
Humacao 00791, Puerto Rico             Pinamar, Buenos Aires, Argentina   Liscia di Vacca                     Capistrano Beach, CA 92624
                                                                          Porto Cervo, Sassari
Pointe on the Bay, The                 Puerto Encantado                   Sardinia 07020, Italy               Riviera Shores Resort and
23rd Street and Coastal Way            Av. 2 y esquina Paseo 147                                                Monarch Grand Vacations at
Ocean City, MD 21842                   Villa Gesell                       Residence Narjess                     Riviera Shores Resort
                                       Buenos Aires, Argentina            Avenue Moncef Bey                   34642 Pacific Coast Highway
Polus Palace Thermal Golf Club                                            Hammamet 8050, Tunisia              Capistrano Beach, CA 92624
  Hotel                                Quadna Mountain Resort
Kadar u. 49                            100 Quadna Road                    Résidence Yasmine Plaza             Royal Aloha Vacation Club at
Goed 2132, Hungary                     Hill City, MN 55748                Yasmine Hammamet                      Lake Tahoe
                                                                          Hammamet, 8050, Tunisia             317 Quaking Aspen Lane
Ponds at Foxhollow, The                Radisson Resort Palm Meadows                                           Stateline, NV 89449
Route 7                                Palm Meadows Drive, Carrara        Residencial Itapema Vacation
Lenox, MA 02140                        P.O. Box 728, Robina                 Club                              Royal Club at the Palm-
                                       Gold Coast, Queensland 4226        Av. Governador Celso Ramos, 700       Jumeirah
                                       Australia                          Itapema, Brazil
Port d’Albret Le Boucanier                                                                                    Palm Beach Island
Rue du Belvedere                                                                                              P.O. Box 1777
Vieux Boucau 40480, France             Rangeley Lake Resort               Residencial Sajo                    Dubai, United Arab Emirates
                                       Cottage Avenue                     Rua Claudio Manoel da Costa s/n
                                       Rangeley, ME 04970                 São Paulo, Brazil
Poste Montane at Beaver Creek                                                                                 Royal Palm Club at the Aruba
76 Avondale Lake                                                                                                Grand
Beaver Creek, CO 81620                 Red Wolf Lodge at Squaw Valley     Residencial Vale Dourado            J.E. Yrausquin Boulevard #79
                                       2000 Squaw Loop Road               Rua dos Carvalhos, 100 – Planalto   Oranjestad, Aruba, Dutch Caribbean
                                       Olympic Valley, CA 96146           Gramado 95670, Brazil
Pousada do Portal de Paraty
Av. Beira Rio, 100                                                                                            Royal Palms
Paraty, Rio de Janeiro 23970-000       Redington Ambassador               Resort Sixty-Six                    Simpson Bay
Brazil                                 16900 Gulf Boulevard               6600 Gulf Drive                     Simpson Bay, St. Maarten
                                       North Redington Beach, FL 33708    Holmes Beach, FL 34217              Netherlands Antilles
Powder Ridge Village Resort
6172 North Powder Ridge Road           Reef at Marathon, The              Ridge Crest, The                    Royal Regency
Eden, UT 84310                         6800 Overseas Highway              415 Tramway Drive                   69 Rue de France
                                       Marathon, FL 33050                 Stateline, NV 89449                 Vincennes 94300, France
Powell Place
730 Powell Street                      Reef Resort, The                   Ridge Pointe Resort, The            Royal Sea Aquarium Resort, The
San Francisco, CA 94108                Queen’s Highway, Collier’s Bay     455 Tramway Drive                   Bapor Kibra S/N
                                       East End, Grand Cayman             Stateline, NV 89449                 P.O. Box 3102
                                       Cayman Islands
Premiere Vacation Club –                                                                                      Willemstad, Curaçao
  Sea of Cortez Beach Club                                                Ridge Sierra, The                   Netherlands Antilles
Paseo Mar Bermejo 4, Los Algodones     Reemyvera Resort & Marina          265 Quaking Aspen
San Carlos, Nuevo Guaymas              Hurghada – Red Sea                 Stateline, NV 89449-2157            San Clemente Cove Resort
Sonora, Mexico                         Hurghada, Egypt
                                                                                                              104 South Alameda Lane
                                                                          Ridge View, The                     San Clemente, CA 92672
Prospect Reef Resort Vacation          Regency Palms                      311 Tramway Drive
                                       Monte Paraíso                      Stateline, NV 89449
  Club                                                                                                        San Luis Bay
                                       Urbanización Calahonda
Slaney Hill                                                                                                   3254 Avila Beach Boulevard
                                       Mijas-Costa, Málaga, Spain
Road Town, Tortola                                                        River Club, The                     Avila Beach, CA 93424
British Virgin Islands                                                    550 West Depot Avenue
                                       Regency Villas at Broome Park      Telluride, CO 81435                 Sand Pebble Resort
                                       The Broome Park Estate
Pueblo Caribe International                                                                                   12300 Gulf Boulevard
                                       Barham, Canterbury, Kent CT4 6QX
  Beach Resort                                                                                                Treasure Island, FL 33706
                                       United Kingdom
Playa El Tirano1
El Tirano, Isla Margarita, Venezuela
                                                                                                                                        33

Sandcastle Cove                        Seasons at Alto Club            Shawnee Ridge Top Summit          Spinnaker at Lake Dillon
1141 Broad Creek Road                  Quinta do Alto do Poco          River Road                        317 West La Bonte
New Bern, NC 28560                     Alvor                           Shawnee-On-Delaware, PA 18356     Dillon, CO 80435
                                       Portimao, Algarve 8500-906
Sandcastle Village II                  Portugal                        Shawnee River Village I           St. James Place
Lakeview Drive                                                         River Road                        210 Offerson Road
1141 Broad Creek Road                  Seasons at Brunston Castle      Shawnee-On-Delaware, PA 18356     Beaver Creek, CO 81620
New Bern, NC 28560                     Brunston Avenue
                                       Dailly, Ayrshire KA26 9RH       Shearwater Country Club           St. Maarten Sea Palace
Sands Vacation Resort                  United Kingdom                    Resort                          121 Front Street
2040 Mesquite Avenue                                                   Port Sorell (via Devonport)       Philipsburg, St. Maarten
Lake Havasu City, AZ 86403             Seasons at Burn Park Country    Tasmania 7307, Australia          Netherlands Antilles
                                         Club
Sandy Point Beach Resort               Stratton                        Shell Island Beach Club           Steele Hill East/Steele Hill
41 Labrador Street                     Bude, Cornwall EX23 8SF         255 Periwinkle Way                  Resort
Labrador, Queensland 4215, Australia   United Kingdom                  Sanibel Island, FL 33957          516 Steele Hill Road
                                                                                                         Sanbornton, NH 03269
Sanibel Beach Club I                   Seasons at Forest Hills         Sheraton PGA Vacation Resort
626 Nerita Street                      Urb. Forest Hills (Los Altos)   8702 Champions Way                Steele Hill West
Sanibel Island, FL 33957               Ctra. De Cadiz. Km. 159         Port St. Lucie, FL 34986          516 Steele Hill Road
                                       Estepona, Málaga 29680                                            Sanbornton, NH 03269
Sanibel Beach Club II                  Spain
                                                                       Shores at Lake Travis, The
205 Periwinkle Way                                                     1917 American Drive               Stormy Point Village Resort
Sanibel Island, FL 33957               Seasons at Whitbarrow Village   Lago Vista, TX 78645              132 Cape Cod Road
                                       Berrier, Penrith                                                  Branson, MO 65616
Sanibel Cottages                       Cumbria CA11 OXB
                                                                       Smoketree Lodge
2341 West Gulf Drive                   United Kingdom
                                                                       11914 Highway 105 South           Stormy Point Village –
Sanibel Island, FL 33957                                               Banner Elk, NC 28604                Summerwinds Resort
                                       Seasons Resort, The                                               3940 Green Mountain Drive
Scottsdale Resort Club                 5736 S. Texas Avenue                                              Branson, MO 65616
                                                                       Snow Lake Lodge
8235 East Indian Bend Road             Orlando, FL 32839
                                                                       41579 Big Bear Boulevard
Scottsdale, AZ 85250                                                   Big Bear Lake, CA 92315           Sugarwood at Ruttger’s Sugar
                                       Seawatch Inn at the Landing                                         Lake Lodge
Sea Club V Beach Resort                215 Atlantic Avenue
                                                                       Snowater and Resorts West         37584 Otis Lane
6744 Sarasea Circle                    Garden City Beach, SC 29576
                                                                         Vacation Club at Snowater       Cohasset, MN 55721
Sarasota, FL 34242                                                     10500 Mount Baker Highway
                                       Seawatch On-The-Beach           Glacier, WA 98244                 Suite Hotel Klass
Sea Mountain                           6550 Estero Boulevard
                                                                                                         Bezje, 14
95-789 Ninole Loop Road                Fort Myers Beach, FL 33931
                                                                       Snowdance Vacation Club at        Kranska Gord 4280, Slovenia
Punalu’u, Hawaii, HI 96777                                               Ascutney Mountain
                                       Sedona Springs Resort           Route 44                          Sunstream Vacation Club at
Sea Oats Beach Club                    55 Northview Road
                                                                       Brownsville, VT 05037               DiamondHead
1720 Gulf Boulevard                    Sedona, AZ 86336
                                                                                                         2000 Estero Boulevard
Englewood, FL 34223                                                    Snowdance Vacation Club at        Ft. Myers Beach, FL 33931
                                       7 Mile Beach Resort
                                                                         Windsor Condo, The
Sea Ranch II                           West Bay Road
                                                                       Route 44                          Suites at Fisherman’s Wharf,
U.S. Route 158, Milepost 7             Georgetown, Grand Cayman
                                                                       Brownsville, VT 05037               The
Kill Devil Hills, NC 27948             Cayman Islands
                                                                                                         2655 Hyde Street
                                                                       South Seas Club                   San Francisco, CA 94109
Sea Shells                             Shadow Ridge
                                                                       5400 South Seas Plantation Road
Diamond Beach Road                     50 Shadow Ridge Drive
                                                                       Captiva Island, FL 33924          Summerfield Condo Resort
Hallidays Point                        Park City, UT 84060
                                                                                                         2425 Summerfield Way
Via Taree, New South Wales 2430                                                                          Kissimmee, FL 34741
                                                                       South Shore Lake Resort
Australia                              Shawnee Depuy Village
                                                                       201 Hamilton Oaks Drive
                                       River Road
                                                                       Hot Springs, AR 71913             Summit at Four Seasons, The
Seagull Beach Club Resort              Shawnee-On-Delaware, PA 18356
                                                                                                         974 White Oaks Road
4440 Ocean Beach Boulevard                                                                               Laconia, NH 03246
                                                                       Southern California Beach Club
Cocoa Beach, FL 32931                  Shawnee Depuy Village –
                                                                       121 South Pacific
                                         Phase II                      Oceanside, CA 92054               Sunquest Gardens
Seaside Beach Club                     River Road
                                                                                                         Douriou Ippou Street
501 Briny Avenue                       Shawnee-On-Delaware, PA 18356
                                                                       Spicebush at Sea Pines            Potamos Yermasoyias
Pompano Beach, FL 33062                                                                                  Limassol, Cyprus
                                                                       124 North Sea Pines Drive
                                       Shawnee Fairway Village         Hilton Head Island, SC 29928
                                       River Road
                                       Shawnee-On-Delaware, PA 18356
34

Sunrise Beach Club                     Taba Paradise                      Vacationland Estates               Veranda Beach Club
1212 North Atlantic Avenue             Taba                               Golf Club Road                     2509 Gulf of Mexico Drive
Daytona Beach, FL 32118                Sharm Road, Taba, Egypt            Island Falls, ME 04747             Longboat Key, FL 34228

Sunset Point at StillWaters            Tahoe Chaparral                    Vacation Internationale –          Verandah Resort & Spa, The
  Resort                               400 Fairview Boulevard               Embarcadero Resort and           St. Phillips North
1816 Stillwaters Drive                 Incline Village, NV 89451            Resorts West Vacation Club       P.O. Box 63
Dadeville, AL 36853                                                         at Embarcadero                   St. John's, Antigua
                                       Tahoe Summit Village               1000 S. East Bay Boulevard
Sunset Resorts – Canmore               750 Wells Fargo Lane               Newport, OR 97365                  Via Roma Beach Resort
1151 Sidney Street                     Stateline, NV 89449                                                   2408 Gulf Drive
Canmore AB T1W 3G1                                                        Vacation Internationale –          Bradenton Beach, FL 34217
Canada                                 Taksu Holiday Club at Taksu          Papakea
                                         Resort                           3543 Lower Honoapiilani Highway    Victoria Court I & II
Sunset Shores Resort                   Br. Dinas Surabelta                Lahaina, Maui, HI 96761            Los Cristianos
1246 Sonnyside Drive                   Lalang Selemadeg, Tabanan Bali                                        Tenerife
Cadillac, MI 49601                     Bali, Indonesia                                                       Canary Islands, Spain
                                                                          Vacation Internationale –
                                                                            Point Brown Resort
Suites at Hershey, PA                  Tanglewood Vacation Villas         1413 Ocean Shores Boulevard S.W.   VIK Hotel Arena Blanca
176 East Hersheypark Drive             290 Tanglewood Circle              Ocean Shores, WA 98569             Carretera Arena Gorda, White Sands
Hershey, PA 17033                      Pottsboro, TX 75076                                                   Bávaro, Punta Cana
                                                                                                             Dominican Republic
                                                                          Vacation Internationale –
Surf Club                              Tenerife Sun Club                    Pono Kai
540 South Collier Boulevard            Parque Don José Urbanización       4-1250 Kuhio Highway
                                                                                                             VIK Hotel Cayena Beach
Marco Island, FL 34145                 Costa del Silencio, Tenerife                                          Carretera Arena Gorda
                                                                          Kapaa, Kauai, HI 96746
                                       Canary Islands, Spain                                                 Bávaro, Punta Cana
Surfers Royale                                                                                               Dominican Republic
                                                                          Vacation Internationale –
Corner Markwell Avenue & Northcliffe   Tennis Ranch Pinamar Resort          Royal Kuhio
  Terrace                              Fragata La Victoria                                                   Villa del Sol
                                                                          2240 Kuhio Avenue
Surfer’s Paradise                      Pinamar, Buenos Aires, Argentina                                      Costanera 4000
                                                                          Honolulu, Oahu, HI 96815
Queensland 4217, Australia                                                                                   Costa Azul, San Bernardo
                                       Thurnham Vacation Club at                                             Buenos Aires, Argentina
                                                                          Vacation Internationale –
Surfrider Beach Club                     Thurnham Hall                      Sea Mountain                     Villa La Paloma
555 East Gulf Drive                    Thurnham Nr. Lancaster LA2 0DT
                                                                          95-789 Ninole Loop Road
Sanibel Island, FL 33957               United Kingdom                                                        Lazaro Cardenas Esq. Bordo
                                                                          Punalu’u, Hawaii, HI 96777
                                                                                                             Cabo San Lucas, B.C.S., Mexico
Surfside Inn and Resorts West          Traders Inn Beach Club             Vacation Internationale –          Village at Izatys, The
  Vacation Club at Surfside Inn        1355 Ocean Shore Boulevard
                                                                            Valley Isle                      40005 85th Avenue
31512 “J” Place                        Ormond Beach, FL 32176
                                                                          4327 Lower Honoapiilani Highway    Onamia, MN 56359
Ocean Park, WA 98640
                                                                          Lahaina, Maui, HI 96761
                                       Treetop Condominiums at Four
Surrey Vacation Resort, The              Seasons, U.S.A.                                                     Village at St. James’s Club, The
                                                                          Vacation Internationale –          St. James’s Club
430C State Highway 165 South           594 State Highway HH
Branson, MO 65616
                                                                            Village at Steamboat, The        Marmora Bay, Antigua
                                       Lake Ozark, MO 65049
                                                                          2400 Pine Grove Circle
                                                                          Steamboat Springs, CO 80477
Sutherland Crossing Resort             Treetop Village at Four Seasons,                                      Village Maritalia
962 Seaview Circle                                                                                           Località Valle Clavia
                                         U.S.A.                           Vacation Village at Bonaventure
P.O. Box 883                                                                                                 Peschici (FG) 71010, Italy
                                       594 State Highway HH
                                                                          401 Racquet Club Road
Crystal Beach, FL 34681                Lake Ozark, MO 65049
                                                                          Weston, FL 33326
                                                                                                             Village Resort, The
Swallowtail at Sea Pines                                                                                     Cnr. Lake Terrace and Tui Street
                                       Tropical Sands Resort              Valley Isle
124 Lighthouse Road                                                                                          Taupo, New Zealand
                                       7785 Estero Boulevard
                                                                          4327 Lower Honoapiilani Highway
Hilton Head Island, SC 29938           Fort Myers Beach, FL 33931
                                                                          Lahaina, Maui, HI 96761
                                                                                                             Villaggio Aurora
Swan Mountain Resort                                                                                         Contrada Bruscate Grande – Sibari
                                       Turangi Leisure Lodge              Vanderbilt Beach and Harbour
59 Soda Ridge Road                                                                                           Cassano allo Ionio 87070, Italy
                                       Ngawaka Place
Dillon, CO 80435                                                            Club
                                       Turangi, New Zealand
                                                                          9301 Gulf Shore Drive              Villaggio Piccolo Mondo
                                                                          Naples, FL 33963                   Via Litoranea per S. Cesarea
Sweetwater at Lake Conroe              Twin Rivers Condominiums
1000 April Sound Boulevard                                                                                   Castro Marina 73030, Italy
                                       300 Sterling Way Road
Montgomery, TX 77356                                                      Ventura
                                       Fraser, CO 80442
                                                                          2301 South Ocean Boulevard         Villas at Flying L
                                                                          Boca Raton, FL 33432               566 Flying L Drive
Swiss Mountain Village                 Vacation Club Villas
2324 Flat Top Road                                                                                           P.O. Box 1959
                                       One Holiday Inn Drive
Blowing Rock, NC 28605                                                                                       Bandera, TX 78003
                                       Asheville, NC 28806
                                                                                                                                             35

Villas at Lantern Bay              Westgate South Beach               Woods and Legends at Copper           WorldMark Las Vegas on
100 Lantern Bay Road               3611 Collins Avenue                 Creek, The                            Spencer Street
Branson, MO 65616                  Miami Beach, FL 33140              209 Ten Mile Circle                   4225 Spencer Street
                                                                      Copper Mountain, CO 80443             Las Vegas, NV 89121
Villas at Poco Diablo              Westgate Tunica Resort
1752 Highway 179                    Mississippi                       World International Vacation          WorldMark Marina Dunes
P.O. Box 2252                      1724 Casino Center Drive            Club – La Paloma                     3295 Dunes Drive
Sedona, AZ 86336                   Robinsonville, MS 38664            Playas de Rosarito                    Marina, CA 93933
                                                                      South Rosarito Beach
Villas de Santa Fe                 Whaler, The                        B.C.N., Mexico                        WorldMark Mariner Village
400 Griffin Street                 2481 Kaanapali Parkway                                                   1331 Ocean Shores Boulevard S.W.
Santa Fe, NM 87501                 Lahaina, Maui, HI 96761            World International Vacation          Ocean Shores, WA 98569
                                                                       Club – Mar Azul
Villas El Rancho Exclusive         Whaler Inn Beach Club              Gonzalo de Sandoval                   WorldMark Orlando
   Vacation Club                   323 Salter Path                    Acapulco, Guerrero, Mexico            12000 International Drive
Av. Sábalo Cerritos #3000          Pine Knoll Shores                                                        Orlando, FL 32821
Mazatlán, Sinaloa 82100, Mexico    Atlantic Beach, NC 28512           World Tennis Center & Resort
                                                                      4800 Airport-Pulling Road             WorldMark Steamboat Springs
Villas Loma Linda                  Wharf, The                         Naples, FL 34105                      2400 Pine Grove Circle
Calle Las Hortensas 37             408 Long Island Drive                                                    Steamboat Springs, CO 80477
Puerto Vallarta, Jalisco, Mexico   Hot Springs, AR 71913              WorldMark Arrow Point
                                                                      4502 South Arrow Point Drive          WorldMark Sundance
Villas Mar-Bel                     Whitbarrow Country Club            Harrison, ID 83833                    2221 Gondola Way
Fracc. Lomas de Taxco              Whitbarrow Hall                                                          Whistler, British Columbia VON 1B2
Taxco de Alarcon                   Berrier                            WorldMark Bear Lake                   Canada
Taxco, Guerrero, Mexico            Penrith, Cumbria CA11 0XB          365 Raspberry Patch Road
                                   United Kingdom                     Garden City, UT 84028                 WorldMark Surfside Inn
Villas Playa Sámara                                                                                         31512 “J” Place
Playa Sámara                       Whispering Pines Villas            WorldMark Bison Ranch                 Ocean Park, WA 98640
Costa Pacífica Norte               30 Country Club Boulevard          2269 Highway 260
Nicoya, Guanacaste                 Whispering Pines, NC 28327         Overgaard, AZ 85933                   WorldMark The Canadian
Costa Rica                                                                                                  1080 Hornby Street
                                   White Sands Country Club           WorldMark Cairns                      Vancouver, British Columbia V6Z 2R9
Villas of Cave Creek               Urb. Pinamar                       49/72 Kowinka Street                  Canada
38001 North Schoolhouse Road       Addaya                             Cairns, Queensland 4868, Australia
Cave Creek, AZ 85331               Menorca E-07730                                                          Wychnor Park Country Club
                                   Balearic Islands                                                         Wychnor Park
                                                                      WorldMark Cascade Lodge
Villas of Sedona                   Spain                                                                    Nr. Barton-under-Neadwood
                                                                      4315 Northlands Boulevard
120 Kallof Place                                                      Whistler, British Columbia V0N 1B0    Staffordshire DE13 8BU
Sedona, AZ 86336                   White Sands of Longboat            Canada                                United Kingdom
                                   5114 Gulf of Mexico Drive
Voyager Beach Club                 Longboat Key, FL 34228                                                   Wyndham Bay Voyage Inn
                                                                      WorldMark Denarau Island
11860 Gulf Boulevard                                                  10721 Nadi Airport                    150 Conanicus Avenue
Treasure Island, FL 33706          Windjammer at Nags Head, The       Nadi, Fiji                            Jamestown, RI 02840
                                   5619 Virginia Dare Trail
Waikiki Banyan, The                Nags Head, NC 27959                                                      Ylläs 1
                                                                      WorldMark Discovery Bay
201 Ohua Avenue, Suite 403                                            141 Orcas Drive                       Äkäslompolo 95970
Tower 1                            Windjammer Resort and Beach        Port Townsend, WA 98368               Finland
Waikiki, Oahu, HI 96815             Club
                                   4244 El Mar Drive                  WorldMark Kapaa Shore
Waterman Holiday Club              Lauderdale-By-The-Sea, FL 33308    4-0900 Kuhio Highway
Put Vela Luke 4                                                       Kapaa, Kauai, HI 96746
Supetar, Brac 21400, Croatia       Windsurf Resort at Cabarete
                                    Beach                             WorldMark La Paloma
Waterwood Townhouses               Km. 16, Cabarete                   Km. 28.2 Carretera Libre a Ensenada
1141 Broad Creek Road              Puerto Plata, Dominican Republic   Rosarito, B.C.N. 22710
New Bern, NC 28560                                                    Mexico
                                   Woodbourne Estates Resort
Wave Crest Resort                  Lunar Boulevard                    WorldMark Lake Tahoe III
1400 Ocean Avenue                  Freeport, Grand Bahama Island      202 Tramway Drive
Del Mar, CA 92014                  Bahamas                            Stateline, NV 89449
36

RESORTS WITH 11 – 20 UNITS PARTICIPATING AND AVAILABLE FOR OCCUPANCY

Absolute Private Residence          AlpeAdria Club at Novi               Barra Palace                        Calypso Plaza on Coolangatta
  Club at Samui Peninsula             Vinodolski                         Av. Sernambetiba, 2916              Corner Griffith Street & McDonald
24/78 Moo 5. Bo Phut                TRG Krava Tomislava 4                Rio de Janeiro 22620-172, Brazil      Street
Koh Samui, Suratthani, 84320        Novi Vinodolski 51250                                                    Coolangatta, Queensland 4225
Thailand                            Croatia                              Barracas del Este –                 Australia
                                                                           Estacion Mar
Accor Vacation Club Basildene       Alpenresidenz Bad Gastein            Parada 26 ½                         Canadian Resorts –
  Manor                             Karl-Heinrich-Waggerl-Str.2          Maldonado, Punta del Este             La Querencia Resort
Wallcliffe Road                     Bad Gastein, 5640                    Uruguay                             Closter #5-C Km. 145
Margaret River 6285                 Austria                                                                  Ctra. Federal 200, Tepic
Australia                                                                Barringtons Royal Golf &            Puerto Vallarta, Jalisco, Mexico
                                    Amapola Vacation Club                  Fitness Club
Accor Vacation Club Busselton       Jaco de Garabito                     Vale do Lobo                        Capri by the Sea
553 Bussell Highway                 Puntarenas, Costa Rica               Almancil 8135, Portugal             4767 Ocean Boulevard
Geographe Bay                                                                                                San Diego, CA 92109
Busselton, Western Australia 6280   Amarras                              Beach Club I
                                    Menton No. 934                       326 Estero Boulevard                Captain Morgan’s Vacation
Accor Vacation Club Forest          Santa Clara del Mar                  Fort Myers Beach, FL 33931            Beach Club
  Resort                            Mar Chiquita 7609, Argentina                                             Ambergris Caye
Medcand Highway                                                          Beach Club at Ana Maria             P.O. Box 38
Creswick, Victoria                  Aquamarina Suites                    2201 Gulf Drive North               San Pedro, Belize
Australia                           Barrier Reef Drive                   Bradenton Beach, FL 34217
                                    San Pedro Town                                                           Carlton Alvor Hotel
Accor Vacation Club Grand           Belize                               Beachcomber Resort Club             Praia Dos Três Irmãos
  Mercure Oakridge Resort                                                999 Lakeview Avenue                 Portimão, Algarve 8500
Cnr. Cardona Valley and             Arcobaleno                           South Lake Tahoe, CA 96150          Portugal
Studholme Road                      Ramon Guerra Esquina Parada 18
Lake Wanaka, Wanaka, New Zealand    Punta del Este, Maldonado            Beaches Sandy Bay                   Carlton Court
                                    Uruguay                              Norman Manley Boulevard             120 Maida Vale
Accor Vacation Club                                                      Negril, Jamaica                     London W9 1QA
  Grand Mercure The Links           Aspen Ridge                                                              United Kingdom
St. Andrews Boulevard               100 Aspen Ridge                      Belize Legacy Beach Resort
Lady Bay, Normanville               Telluride, CO 81435                  7.2 Miles North                     CasaBlanca Vacation Club
South Australia                                                          P.O. Box 42                         950 West Mesquite Boulevard
Australia                           Atalaya Towers                       Ambergris Caye, San Pedro, Belize   Mesquite, NV 89027
                                    912 North Waccamaw Drive
Accor Vacation Club                 Garden City, SC 29576                Bishop Selwyn, The                  Casitas del Monte
  Novotel Pacific Bay Resort                                             26 Selwyn Road                      2700 South Palm Canyon Drive
Cnr Pacific Highway and Bay Drive   Atlantic Club Hotel Tierra Mar       Paihia, New Zealand                 Palm Springs, CA 92264
Coffs Harbour                         Golf
New South Wales 2450                Matalascañas                         Blue Water Acres                    Cedar Village
Australia                           Huelva 21760, Spain                  1052 Rat Bay Road                   220 Charter Hills
                                                                         Huntsville, Ontario P1H 2J6         Beech Mountain, NC 28604
Accor Vacation Club                 Avalon Excalibur                     Canada
  Novotel Twin Waters               Avenida Costera Miguel Aleman #163                                       Celebrity Resorts Brigantine
Ocean Drive – Twin Waters                                         .
                                    Fraccionamiento Magallanes, C.P      Boyne Vacation at Deer Lake           Beach – The Villas
Sunshine Coast, Queenland, 4564     Acapulco, Guerrero 39670               Villas                            1500 Ocean Avenue
Australia                           Mexico                               1 Boyne Mountain Road               Brigantine, NJ 08203
                                                                         P.O. Box 19
Accor Vacation Club                 Azure Sky Resort                     Boyne Falls, MI 49713               Christie Village
  Pinnacle Apartments               1661 Calle Palo Fierro                                                   100 Horn Beam Road
104 Pyrmont Street                  Palm Springs, CA 92264               Brant Point Courtyard               Beech Mountain
Sydney, Australia                                                        Swain Street                        Banner Elk, NC 28604
                                    Bagaglino – Villa Laguna             Nantucket, MA 02554
Accor Vacation Club                 Via Sandro Gallo 6                                                       Cinta Sayang Golf & Country
  Vintage Apartments                Lido di Venezia 30126                Cabana Club and Resorts West          Resort
Vintage Drive                       Italy                                                                    Persiaran Cinta Sayang
                                                                           Vacation Club at Cabana Club
Rothbury, Hunter Valley                                                  7530 Birch Bay Drive                Sungai Petani
New South Wales                     Barceló Punta Cana                   Blaine, WA 98230                    Kedah, Malaysia 08000
Australia                           Bavaro
                                    Higuey, Dominican Republic
                                                                                                                                                37

Club Asia International –             Club Royal Regency                    Country Heights Villas              Es Pueto at Aldea Bonsai
  Bukit Saban Resort                  69 Rue de France                      Resort Services, Jalan Cinta Air    Urb. Siesta, Calle Ficus, 14
Km. 290, Kuching/Sarikei Road off     Vincennes 94300, France               Kajang, Selangor, Malaysia          Santa Eulalia, Ibiza
  Jalam Ulu Paku                                                                                                Balearic Islands 07840, Spain
Betong, Kuching, Sarawak 93400        Club Système Vacances at Club         Croyde Bay Holiday Club
Malaysia                                Maritimo at La Ronda III            Moor Lane                           Escapes! to Tanglewood
                                      Playa de los Boliches                 Croyde, Nr. Braunton EX33 1NZ         Vacation Villas
Club Baccara                          Fuengirola, Málaga 29640              United Kingdom                      290 Tanglewood Circle
Paseo Kukulcán-Zona Hotelera          Spain                                                                     Pottsboro, TX 75076
Km. 11.5                                                                    Cuxland Ferienparks
Cancún, Quintana Roo 77500            Club Tiara                              Nordseebad Wremen                 Estates of King’s Creek, The
Mexico                                State Bay                             Lili-Marleen 1                      191 Cottage Cove Lane
                                      Cayman Brac                           Wremen 27632, Germany               Williamsburg, VA 23185
Club Cala Vadella                     Cayman Islands
Cala Andraitx s/n, Apartado 17                                              Deerhurst Resort                    Fairfield Pagosa Resort
San José, Ibiza                       Club Tropicana                        1235 DeerHurst Drive                42 Pinon Causeway
Balearic Islands 07830, Spain         Urbanización Tropicana                Huntsville, Ontario P1H 2E8         Pagosa Springs, CO 81157
                                      Nerja, Málaga 29780, Spain            Canada
Club Calypso                                                                                                    Fairmont Hot Springs Resort
Calle Alemania 1                      Club Valle Termal Resort              Divi Tiara Beach Resort             1500 Fairmont Road
Puerto del Carmen                     Calle 27 Esquina 42                   WPO 238 State Bay                   Anaconda, MT 59711
Tias, Lanzarote 35510                 Federacion, Entre Rios 3206           Cayman Brac, Cayman Islands
Canary Islands, Spain                 Argentina                                                                 Fairway Lodge
                                                                            Dorisol Ancorar Suite and           54 Golf Road
Club Es Talayal                       Clube Hotel Do Algarve                  Beach Resort                      Mount Maunganui, Tauranga
Avenida es Forti 20                   Quinta do Romão                       PE 09 KM06                          New Zealand
Cala d’Or, Mallorca E-07660           Quarteira, Algarve 8125 Portugal      Portode Galinhas-Ipojuca
Balearic Islands, Spain                                                     Pernambuco 55590                    Fairway Villas
                                      Coconut Mallory Marina and            Brazil                              14401 Commodore Drive
Club Estela Dorado at                   Resort                                                                  Corpus Christi, TX 78418
  Gruphotel Club Marina Arpon         1445 South Roosevelt Boulevard        Dover Watch at Mount Snow
Cala del Pino                         Key West, FL 33040                    Route 100                           Fairways and Bluewater Resort
La Manga del Mar Menor                                                      West Dover, VT 05356                  Golf & Country Club
Murcia 30370, Spain
                                      Colibri Beach Club – Porlamar                                             New Coast, Boracay
                                      Av. Santiago Marino                   Dunes Village Resort                Malay, Aklan, Philippines
Club Estela Dorado at Salou           Porlamar, Isla Margarita, Venezuela   5200 N. Ocean Boulevard
  Aquamarina                                                                Myrtle Beach, SC 29577              Fairways of the Mountain
Emili Vendrell 17                     Condominio “Week Inn”                                                     180 Herman Wilson Road
La Pineda, Vilasera, Tarrgova 43480   Estrada da Usina do Fojo, S/No.       Eagles at Sugarbush                 Lake Lure, NC 28746
Spain                                 Campos do Jordao (SP)                 Route 100, P.O. Box 180
                                      Brazil                                Waitsfield, VT 05673                Flagship Club at Sapphire
Club Playa Vista at Club Sierra                                                                                   Beach Resort and Marina
  Blanca                              Costa Blanca del Pacífico             Edificio Palm Beach                 6720 Estate Smith Bay
c/o Aztec Country Club                Golfo de Papagayo                     Calle Miami S/N                     St. Thomas 00801
c/Libra Urb. Riviera Del Sol          Guanacaste, Costa Rica                La Carihuela                        U.S. Virgin Islands
Mijas-Costa, Málaga 29647                                                   Torremolinos, Málaga 29620, Spain
Spain
                                      Costa Caribe Resort                                                       Flamingo Marina Resort Hotel
                                      Juan Dolio Beach 066-B                EMI Sun Village Resort                & Club
Club Playa Vista at Pueblo Don        Dominican Republic                    Cofresi Beach                       Punta Plata S/N
  Miguel                                                                    Puerto Plata                        Santa Cruz, Guanacaste, Costa Rica
Aztec Country Club                    Cottages at Cape Kiwanda              Dominican Republic
c/Libra Urb. Riviera Del Sol          3000 Cape Kiwanda Drive                                                   Flanesford Priory
Mijas-Costa, Málaga 29647             Pacific City, OR 97135                Equivest Ocean Gate                 Goodrich, Ross-on-Wye
Spain                                                                       4780 A1A South                      Herefordshire HR9 6HX
                                      Cottages at Port Stanton, The         St. Augustine, FL 32080             United Kingdom
Club QM at Northlake Lodges           1500 Port Stanton Parkway, RR 1
  & Villas                            Severn Bridge, Ontario P0E 1N0        Equivest Sands                      Fountain Vacation Ownership at
987 Tahoe Boulevard                   Canada                                300 South Ocean Boulevard             Fountain Resort
Incline Village, NV 89451                                                   North Myrtle Beach, SC 29582        Xichong Bay
                                      Cottages at South Seas                                                    Kuichong, Longaang District
Club Royale at Pueblo Don               Plantation                          Erie Islands Resort & Marina        Shenzhen, Guangdong 518119, China
  Miguel                              Sanibel Captiva Road                  4495 West Darr-Hopfinger Road
c/o Aztec Country Club                Captiva Island, FL 33924              Port Clinton, OH 43452              Foxfire Interval Resort
Calle Libra, Urb. Riviera del Sol
                                                                                                                9 Foxfire Boulevard
Mijas-Costa, Málaga 29647, Spain
                                                                                                                Pinehurst, NC 28374
38

Gama Club                          Holiday Owners Club at                Hotel Spanberger                   La Boca Casa
Sesmarias, Praia do Carvoeiro        Devoncourt                          Steiermark                         365 North Ocean Boulevard
Lagoa, Algarve 8400, Portugal      Douglas Avenue                        Gröbming 8962, Austria             Boca Raton, FL 33432
                                   Exmouth, Devon EX8 2EX
Golden Shores Holiday Club         United Kingdom                        Hurricane House                    La Casa Cottage Resort
206-210 Marine Parade                                                    2939 West Gulf Drive               808 Westside Road
Labrador 4215, Queensland          Hostería Bellavista Vacation          Sanibel Island, FL 33957           Kelowna, British Columbia
Australia                            Club                                                                   Canada V1Z 3R8
                                   Ruta 10, Km. 87.5                     Ikaalinen Spa Holiday Village
Gran Oasis Marien, Puerta Plata    Balneario Bellavista, Uruguay         Ullanrinne                         La Ermita
Calle Duarte #6                                                          Ikaalinen 39500, Finland           Partida del Durrillo
Puerto Plata, Dominican Republic   Hostería Las Acacias                                                     Mijas Pueblo (Village)
                                   Los Robles 251, Apt. 8407             InnSeason Resorts –                Málaga 29650, Spain
Grand Canadian Resort              Villa La Angostura, Neuquen             Harborwalk
  Vacation Club                    Argentina                             46 Robbins Road                    La Piana
830 8th Street                                                           Falmouth, MA 02540                 Localita Piana di Vocogno
Canmore, Alberta T1W 2B7, Canada   Hot Piz                                                                  Craveggia (NO)
                                   Zaunhof 121                           InnSeasons –                       Italy
Grandvista’s Vacation Suites at    bei St. Leonhard 6481, Austria          Mountainview Resort
  Tunica                                                                 263 Main Street                    Laguna Golf & Country Club
1724 Casino Center Drive           Hotel Ahlen Moghane                   Jackman, ME 04945                  Club House
Robinsonville, MS 38664            Route de Meknes – Rabat                                                  Amarilla Golf & Country Club
                                   Rabat, Moghane, Morocco                                                  San Miguel de Abona
                                                                         Inns of Waterville Valley
                                                                                                            Tenerife 38620
Green Village                                                            Snows Brook Road
                                                                                                            Canary Islands, Spain
Quartier du Golf                   Hotel Apartamento Clube               Waterville Valley, NH 03215
La Grande Motte 34280, France        Oceano
                                   Rua Colombano Bordalo Pinheiro        Irotama XXI                        Laguna Holiday Villas
                                   Forte S. Joao                                                            La Quinta, Amarilla Golf & Country
Greens at Copper Creek, The                                              Km. 14 Vía Cienaga
                                   Albufeira, Algarve                                                         Club
209 Ten Mile Circle                                                      Santa Marta, Magdalena, Colombia
                                   Portugal                                                                 San Miguel de Abona
Copper Mountain, CO 80443
                                                                                                            Tenerife 38620
                                                                         Isla Dorado                        Canary Islands, Spain
Gruphotel Club Marina Arpón        Hotel Belensate                       Sierra No. 30, Club Santiago
Cala del Pino                      Urb. La Hacienda, Av. PPAL            Manzanillo, Colima 28860
La Manga del Mar Menor             Mérida, Venezuela                     Mexico
                                                                                                            Lakelands, The
                                                                                                            Lower Gale
Murcia 30370, Spain
                                                                                                            Ambleside, Cumbria LA22 OBD
                                   Hotel Bristol                         Island Gulf Resort                 United Kingdom
Gulf Pointe Intervals              Marina Grande                         13912 Gulf Boulevard
9439 Gulfshore Drive               Capri 80073, Italy                    Madeira Beach, FL 33708
Naples, FL 33963
                                                                                                            Lakewood Resort
                                                                                                            Route 219, P.O. Box 660
                                   Hotel Calinda Cabo Baja Quality       Jean Lafitte House                 McHenry, MD 21541
Gulf Stream Beach Resort             Inn                                 613 Esplanade Avenue
1501 Gulf Drive North              4.5 Transpeninsular Highway to        New Orleans, LA 70116
Bradenton Beach, FL 34217            La Paz
                                                                                                            Le Green Andaluz
                                                                                                            Urb. Mijas Golf
                                   Cabo San Lucas, B.C.S. 23400          Jolly Harbour Beach Resort         Mijas-Costa, Málaga, Spain
Habitat 2000                       Mexico                                Box 121, Jolly Harbour
601 Leadville South                                                      Antigua
Ketchum, ID 83340                  Hotel Cristal Palace                                                     Le Relais de Noisy
                                                                                                            19, Boulevard du Maréchal Foch
                                   Hlavni 61                             Jupiter Beach Resort               Noisy le Grand 93160
Hacienda El Edén Resort            Marianske Lazne 35301                 5 North A1A
                                                                                                            France
Via Hacienda el Paraíso            Czech Republic                        Jupiter, FL 33477
Km. 6 Santa Elena
El Cerrito, Colombia               Hotel Eigerblick                                                         Little Gull on Longboat Key
                                                                         Kalajoki                           5330 Gulf of Mexico Drive
                                   Grindelwald, Switzerland              Keskuskariintie 1
                                                                                                            Longboat Key, FL 34228
Hamilton Harbor Resort                                                   Kalajoki 85100, Finland
203 Sterns Point Road              Hotel Oasis Atlantic
Hot Springs, AR 71913              Canicao de Baixo
                                                                                                            Lodge Resort, The
                                                                         Keswick Bridge                     Junction of State Highways 4 & 47
                                   Canicao, Madeira 9125-024, Portugal   Brundholme Road
                                                                                                            National Park, New Zealand
Highland Estates Resort                                                  Keswick, Cumbria CA12 4NL
555 Highland Drive                 Hotel Residencia Atenea Suites        United Kingdom
Mesquite, NV 89027                 Calle Los Almendros
                                                                                                            Logos Land Resort
                                                                                                            R.R. #1
                                   Urb. Costa Azul                       Kingswear Park                     Cobden, Ontario K0J 1K0
Holiday Club Calahonda             Porlamar, Isla Margarita, Venezuela   Kingswear
                                                                                                            Canada
El Mirador, Apartamento 114                                              Dartmouth, Devon TQ6 0DA
Sitio de Calahonda                                                       United Kingdom
Mijas-Costa, Málaga 29647, Spain
                                                                                                                                                39

Long Bay Beach Resort             Multigestion –                       Palm Beach Holiday Club               Plantation House
  and Villas                       Les Coteaux de la Nartelle          Edificio Palm Beach                   South Seas Plantation Road
Long Bay                          RN 98, La Nartelle                   Calle Miami s/n, La Carihuela         Captiva Island, FL 33924
West End, Tortola                 Ste. Maxime 83120, France            Torremolinos, Málaga 29260, Spain
British West Indies                                                                                          Playa del Sol Los Cabos
                                  Multigestion –                       Palm Springs Villas                   KM 29-28 Carretera Transpeninsular
Longboat Bay Club                  Les Marines de Grimaud              420 Villa Court, Unit 113             San José del Cabo
3200 Gulf of Mexico Drive         Beauvallon                           Palm Springs, CA 92262                Baja California Sur 23400
Longboat Key, FL 34228            Ste. Maxime 83120, France                                                  Mexico
                                                                       Paraíso Country Club
Los Indios                        Naema Heights                        Praia do Carvoeiro                    Plaza San Martin Suites
#1 Towne Center, Highway 175      Land Plot # 219                      Lagoa, Algarve 8400, Portugal         Suipacha 1092
Cherokee Village, AR 72525        Rabwat Naema – Naema Bay                                                   Buenos Aires 1008, Argentina
                                  Sharm el Sheikh, Egypt               Park Station II
Los Sabalos Royal Club                                                 950 Park Avenue                       Point at Poipu, The
Rodolfo T. Loaiza No. 100         Navigator Beach Club                 Park City, UT 84060                   1613 Pe’e Road
Mazatlán, Sinaloa, Mexico         405 Old Wharf Road                                                         Koloa, Kauai, HI 96756
                                  Dennisport, MA 02639                 Pearl of the Dead Sea, The
Maison Pierre Lafitte                                                  Kibbutz Almog                         Points North Resort
108 University Place              Newport Beachside Resort             D.N. Kikar Hayarden 90665, Israel     2211 U.S. 31 North
New Orleans, LA 70112             16701 Collins Avenue                                                       Traverse City, MI 49686
                                  Miami, FL 33160                      Pebble Beach Village
Malolo Lailai Lagoon Resort                                            Urb. Amarilla Golf and Country Club   Polus Palace Thermal Golf Club
Malololailai Island, Fiji         Northeast Vacations at the Spa       San Miguel de Abona                     Hotel
                                  Route 94                             Tenerife 38620                        Kadar u. 49
Marathon Key Beach Club           Vernon, NJ 07462                     Canary Islands, Spain                 Goed
4560 Overseas Highway                                                                                        Hungary 2132
Marathon, FL 33050                Northlake Lodges & Villas            Penina Golf Apartments
                                  987 Tahoe Boulevard                  Administração de Propriedades Lda.    Pono Kai Pacific Fantasy
Marinagolf                        Incline Village, NV 89451            Portimão, Algarve 8500, Portugal        Timesharing
Urb. Hacienda Torrequebrada                                                                                  1250 Kuhio Highway
c/Ronda Golf Estel, 62            Oasis Canoa                          Perennial Vacation Club –             Kapaa, Kauai, HI 96746
Benalmadena-Costa                 Bayahibe                               Fun Tropicale
Málaga 29630, Spain               La Romana, Dominican Republic        Village Caraibe                       Port Largo Villas Resort
                                                                       Playa Dorada, Puerto Plata            417 Bahia Drive, Mile Marker 100
Marti Vacation Club at Marmaris   Ocean Beach Club                     Dominican Republic                    Key Largo, FL 33037
Içmeler, Marmaris                 351 Ocean Drive East
Mugla 48700, Turkey               Key Colony Beach, FL 33051           Perennial Vacation Club –             Posada del Sol
                                                                         Imperial Lakes                      Avellano y Playa Cariló, Pinamar
Mary’s Boon Beach Plantation      One Napili Way                       5950 Imperial Lakes Boulevard         Buenos Aires 7167, Argentina
117 Simpson Bay Road              5355 Lower Honoapiilani Road         Mulberry, FL 33860
Simpson Bay, St. Maarten          Lahaina, Maui, HI 96761                                                    Potrero de los Funes
Netherlands Antilles                                                   Pestana Alvor Hotel                   Las Chacras Km. 14, 5-Ruta 18
                                  Orsa Maggiore                        Praia Dos Tres Irmaos                 San Luis, Argentina
Masters at Paradise Canyon        Via Pietragrande, 2                  Portimão, Algarve 8500, Portugal
 Resort, The                      Madonna Di Campiglio (TN) 38084                                            Praia das Caravelas
287 Palmer Avenue                 Italy                                Phoenix Timeshare Resort              Estrada Cabo Frio/Buzios 12.300
Mesquite, NV 89024                                                     212 Lake Terrace                      Armação Dos Buzios
                                  Pacific Grove Plaza                  Taupo, New Zealand                    Buzios Cabo Frio, RJ 28900, Brazil
Maui Banyan Vacation Club         620 Lighthouse Avenue
2575 South Kihei Road             Pacific Grove, CA 93950              Pinares del Cerro Club                Predator Ridge – Falcon Point
Kihei, Maui, HI 96753                                                    Vacacional                            Cottages
                                  Pailahue                             Roque S. Peña y Paraná                272 Chicopee Road
Meadow Ridge                      Km. 4, 6 Avenida Ezequiel Bustillo   Carlos Paz, Córdoba, Argentina        Vernon, British Columbia
7573 Highway 42                   E.P 3 Melipal
                                    .N.                                                                      British Columbia V1H 1T2
Egg Harbor, WI 54209              San Carlos de Bariloche, Río Negro   Pine Acres Lodge                      Canada
                                  Argentina                            1150 Jewell Avenue
Monarch Grand Vacations –                                              Pacific Grove, CA 93950               Premiere Vacation Club –
 Desert Isle                      Palazzo Catalani                                                             Roundhouse Resort
2555 East Palm Canyon Drive       Via Montecavallo 26                  Pire-Hue                              5829 Buck Springs Road
Palm Springs, CA 92264            Soriano Nel Cimino (Viterbo)         Villa Cerro Catedral                  Pinetop, AZ 85935
                                  Italy                                San Carlos de Bariloche
Moosehead Cottage Resort                                               Río Negro, Argentina                  Puerto Horizonte Apart Hotel
Route 15, Main Street                                                                                        Av. del Mar y Tobias
Greenville, ME 04441                                                                                         Pinamar, Buenos Aires, Argentina
40

Puerto Mogán la Venezia de            Royal Aloha Vacation Club –           Sauce Alto Resort and Country    Surfsider
  Canarias                              Nueva Andalucía                       Club                           1443 South Ocean Boulevard
Local 328, Urb. Puerto Mogán          Calle 138 No. 45-B                    Km. 25.5 Carretera Cienegu       Pompano Beach, FL 33062
Gran Canaria 35138                    Nueva Andalucía Garden Club           Lima, Cieneguilla, Peru
Canary Islands, Spain                 Nueva Andalucía, Marbella                                              Swiss Garden International
                                      Málaga, Spain                         Sea Mystique                       Vacation Club at Golf Resort
Quality Hill Resort Villas                                                  215 Atlantic Avenue                & Spa Damai Laut
Branding Iron Loop Road PTLC          Royal Aloha Vacation Club –           Garden City, SC 29576            Persiaran Swiss-Garden
Pinetop, AZ 85935                       Village By The Sea                                                   Jalan Damai Laut, Off Jalan
                                      938 South Kihei Road                  Seasons at Knocktopher Abbey     Teluk Senangin
Regency at Paradise Court             Kihei, Maui, HI 96753                 Knocktopher                      Lumut, Perak Darul Ridzuan 32200
Paradise Court, Nr. 5 Calle Irlanda                                         County Kilkenny, Ireland         Malaysia
Playa de las Americas                 Royal Golf Park
San Eugenio Alto                      Golf del Sur, Parcela 12              Seasons Resort, The              Thunder Mountain
Adeje, Tenerife 38660                 Arona, Tenerife 38620                 5736 S. Texas Avenue               Condominium
Canary Islands, Spain                 Canary Islands, Spain                 Orlando, FL 32839                2030 Walton Creek Road
                                                                                                             Steamboat Springs, CO 80477
Résidence Antigone Montpellier        Royal Siam Vacation Village at        Signum Las Palmas
Le Relais Bleus                         Burapha                             600 East Canfield Street         Thurnham Vacation Club at Club
890 Avenue Jean Mermoz                281/1 Moo 4                           Avon Park, FL 33825                Britannia
Montpellier 3400, France              Tumbon Baan Bueng                                                      28-29 Marine Parade
                                      Sraracha 20110, Thailand              Sosúa By The Sea Boutique        Eastbourne, East Sussex BN22 7AY
Residence Baiazzurra                                                          Beach Resort                   United Kingdom
Località Vulcanello                   Rukan Lomakylä 1                      Calle Bruno Phillips
Baia di Ponente                       273 A Kemijärvi                       Sosua, Puerto Plata              Tilcara Sierras
Vulcano, Isole Eolie                  Rukatunturi 93825, Finland            Dominican Republic               Vivaldi 100 – Villa del Lago
Lipari 98050, Italy                                                                                          Carlos Paz, Córdoba 5152, Argentina
                                      Saariselkä                            South Shore Club
Résidence de la Tour                  Künteistö Oy Siulaselkä               1625 South Ocean Boulevard       Timber Ridge
43 Avenue Pierre La Rousse            Saariselkä 99830, Finland             Delray Beach, FL 33483           91400 Ryan Gulch Road
Malakoff 92240, France                                                                                       Silverthorne, CO 80498
                                      Saint Tropez Condominium              Starr Pass Golf Suites
Resort at Great Gorge, The            81 Street and Ocean Coastal Highway   3645 West Starr Pass Boulevard   Topsider I Resort
Route 94                              Ocean City, MD 21842                  Tucson, AZ 85745                 U.S. Route 1, Mile Marker 75.5
Vernon, NJ 07462                                                                                             Islamorada, FL 33036
                                      Salou Aquamarina                      Steamboat Landing
Resort Club at Minerals Resort        Emili Vendrell 17                     161 Brooks Street, S.E.          Treasure Shores Resort
  & Spa, The                          43480 La Pineda-Vilaseca              Fort Walton Beach, FL 32548      10360 Gulf Boulevard
Route 94                              Tarragona, Spain                                                       Treasure Island, FL 33706
Vernon, NJ 07462
                                                                            Steele Hill Resort
                                      San Francisco Suites and              516 Steele Hill Road             Triton Suites and Beach
Rhapsody on Lake Delton,                Shell Vacation Club at              Sanbornton, NH 03269             c/o Principal De Playa Norte
  a Condominium                         San Francisco Suites                                                 Chichiriviche, Venezuela
650 E. Hiawatha Drive                 710 Powell Street                     Sun Dunes Villas
Wisconsin Dells, WI 53965             San Francisco, CA 94108               40-235 Washington Street         Ute Hotel
                                                                            Palm Desert, CA 92260            Via Gorizia 41
Rhinefield House                      San Marcos Apartamentos                                                Jesolo Lido, Venice, Italy
Rhinefield Road, Brockenhurst         Avenida de San Marc, 9                Sun Pond Holiday Club
Hampshire SO42 7QB                    Playas de Albir                       Korpilammentie                   Vacation Internationale –
United Kingdom                        Alicante 03580, Spain                 Espoo 02970, Finland               Clock Tower at Whistler, The
                                                                                                             4341 Village Lane
Ridge Resort, The                     Sanctuary Resort & Spa, The           Sun Village Resort and Spa –     P.O. Box 172, Whistler
Goldfields Heights                    Playa Azul, 4 Km Sur de Marbella                                       British Columbia V0N 1B0
                                                                              Cofresi
Queenstown, New Zealand               Guanacaste, Costa Rica                                                 Canada
                                                                            Cofresi Beach, Puerto Plata
                                                                            Dominican Republic
Royal Aloha Vacation Club –           Sandpebble Beach Club                                                  Vacation Internationale –
  Butterfield Park Condominium        215 Atlantic Avenue                   Sunburst Condominiums              Elkhorn Resort at Sun Valley
886 West Galveston                    Garden City, SC 29576                 3325 Meadow Lane                 100 Elkhorn Road
Chandler, AZ 85224                                                          Steamboat Springs, CO 80477      Sun Valley, ID 83354
                                      Sandy Shores III
Royal Aloha Vacation Club –           1425 Waccamaw Drive                   Sunrise Bay Resort and Club      Vacation Internationale –
  Keauhou Kona Surf and               Garden City, SC 29576                 10 Tampa Place                     Fairway Villa
  Racquet Club                                                              Marco Island, FL 34145           2345 Ala Wai Boulevard
78-6800 Alii Drive                    Sapore di Mare                                                         Honolulu, Oahu, HI 96815
Kailua-Kona, Hawaii, HI 96740         via Litoranea per Tricase 112
                                      Castro, Lecce, Italy
                                                                                                                                                    41

Vacation Internationale –              Villas Bavaro Club                  Wolf Creek Village II                   WorldMark Pismo Beach
  Kapaa Shore                          Bavaro Beach, Bavaro                3618 North Wolf Creek Drive             140 Ocean View Avenue
4-0900 Kuhio Highway                   Higuey, Dominican Republic          Eden, UT 84310                          Pismo Beach, CA 93449
Kapaa, Kauai, HI 96746
                                       Villas of Gold Canyon, the          World International Vacation            WorldMark Pokolbin Hills
Vacation Internationale –              6100 South Kinas Ranch Road          Club – Conchas Chinas                  Corner McDonalds & Broke Road
  Kingsbury of Tahoe                   Gold Canyon, AZ 85218               Rinconada de las Ostras s/n             Pokolbin, New South Wales
335 Tramway                                                                Puerto Vallarta, Jalisco, Mexico        Australia
Stateline, NV 89449                    Villas on the Glen & Lodges
                                          on the Glen                      WorldMark at Cairns                     WorldMark Port Macquarie
Vadella Pueblo                         971 Tahoe Boulevard                 49/72 Kowinka Street                    2 Murray Street
c/Vistamar, 53; P.O. Box 17            Incline Village, NV 89451           Cairns, Queensland, 4868, Australia     Port Macquarie
Cala Vadella, San José                                                                                             New South Wales, Australia
Ibiza 07830, Balearic Islands, Spain   Westerwälder Hof                    WorldMark Cape Schanck
                                       Am Steinhohn 6                      41 Trent Jones Drive                    WorldMark Port Stephens
Valley Inn Resort, The                 Windhagen-Kohlershohn 53578         Cape Schanck, Australia                 5 Horizons Drive
Tecumseh Road                          Germany                                                                     Salamander Bay
Waterville Valley, NH 03215                                                WorldMark Coffs Harbour                 New South Wales 231, Australia
                                       Westgate River Ranch                All Seasons Pacific Bay Resort
Villa L’Auberge                        3600 River Ranch Boulevard          Pacific Highway & Bay Street            WorldMark Schooner Landing
1570 Camino Del Mar                    River Ranch, FL 33867               Coffs Harbour New South Wales           201 N.W. 66th Drive
Del Mar, CA 92014                                                          Australia                               Newport, OR 97365
                                       Whitecliffs Beach Resort
Villa Rubinacci                        2511 Nepean Highway                 WorldMark Lake Chelan                   WorldMark Valley Isle
Via Correale 25                        Rye, Victoria 3941, Australia       235 W. Manson Highway                   4327 Lower Honoapiilani
Sorrento, Naples 80065, Italy                                              Chelan, WA 98816                        Lahaina, Maui, HI 96761
                                       Windy Shores II
Village by the Gulf                    3217 South Ocean Boulevard          WorldMark McCall                        Xurupita Holiday Resort
1148 West Beach Boulevard              North Myrtle Beach, SC 29582        815 Sorrel Court                        Rua B 27-28 Vila Xurupita
Gulf Shores, AL 36542                                                      McCall, ID 83638                        Porto Segura, Bahia, Brazil



RESORTS WITH 6 – 10 UNITS PARTICIPATING AND AVAILABLE FOR OCCUPANCY

Accor Vacation Club at                 Belize Vacation Club                Chapel Stile at Langdale Estate         Club Flamingo
  Novotel Palm Cove Resort             Coconut Drive, Ambergris Caye       Langdale Estate                         Calle Princesa Ico, N° 15
Coral Coast Drive                      P.O. Box 62                         Great Langdale, Nr. Ambleside,          Apartamento Timanfaya
Cairns, Queensland 4879, Australia     San Pedro, Belize                   Cumbria LA22 9JD, United Kingdom        Puerto del Carmen, Lanzarote
                                                                                                                   Canary Islands, Spain
Alf Leila Wa Leila                     Bóvedas de Santa Clara              Christmas Mountain Resort
South of Agawish                       Carretera 8 No. 39-114              Christmas Mountain Road                 Club Mondial International at
South Hurghada                         San Diego, Cartagena DC, Colombia   Glen, NH 03838                            Residence Van Gogh
Hurghada, Egypt                                                                                                    Parmentierlaan 209-211
                                       Brandermill Resort & Marina         Ciel et Logis Invest 1                  Knokke 83000, Belgium
Alia Club, The                           Timeshare                         92 Place de Chamonix Sud
Limani Hersonisou                      13550 Harbour Pointe Parkwawy       Chamonix 74400, France                  Club Mykonos II
Crete, Greece                          Midlothian, VA 23112                                                        Ornos
                                                                           Club Casablanca                         Mykonos 84600, Greece
Alii Kai II                            Branson Thousand Hills              Parroquia Tonchigue
3830 Edwards Road                      2800 Green Mountain Drive           Resinto Same                            Club Pacific Queenstown
Princeville, Kauai, HI 96714           Branson, MO 65616                   Esmeraldas, Ecuador                     14 Yewlett Crescent, Frankton
                                                                                                                   Queenstown, New Zealand
Apartamentos Amarilis                  Bungalows Los Robles                Club del Bosque
Avenida V-3                            c/Tomas Morales                     42 entre Av. Mar del Plata y Mar Azul   Club Pacific Westharbour
Praila de Rocha                        9 Urb. Sonnenland                   Villa Gesell, Buenos Aires, Argentina   327 Hobsonville Road
Portimao, Algarve, 8500, Portugal      San Bartolomé de Tirajana                                                   Hobsonville, Auckland, New Zealand
                                       Maspalomas, Gran Canaria 35100      Club Delta at Club Mykonos II
Atlantic Beach Casino Resort           Canary Islands, Spain               Ornos                                   Club Playa Vista at Copacabana
319 Atlantic Avenue                                                        Mykonos 84600, Greece                   c/o Aztec Country Club
Westerly, RI 02891                     Calabogie Highlands Vacation                                                c/Libra Urb. Riviera del Sol
                                         Villas                            Club Estela Dorada at                   Mijas-Costa, Málaga 29647
Balboa Club                            1234 Barryvale Road                   Gruphotel Club Novelty                Spain
Avenida Camaron Sabalo s/n             Calabogie, Ontario K0J 1H0          Calle Berlin, 5
Mazatlan, Sinaloa 82110, Mexico        Canada                              Salou, Tarragona 43840, Spain
42

Club Royale at Copacabana              Fountain Vacation Ownership at        Hotel Calinda Cabo Baja Quality      Kyriad Torcy
c/o Aztec Country Club                   Fountain Suites                       Inn                                3, Avenue Jean Moulin
Calle Libra, Urb. Riviera del Sol      2017 East Shennan Road                4.5 Transpeninsular Hwy. to La Paz   Torcy 77200, France
Mijas-Costa, Málaga 29647, Spain       Shenzhen, Guangdong 518002            Cabo San Lucas, B.C.S. 23400
                                       China                                 Mexico                               Gruphotel Club Gemelos 15
Club Royale at Sierra Blanca                                                                                      Av. Montecarlo s/n, Rincón de Loix
c/o Aztec Country Club                 Fox Run Resort                        Hotel Cola de Caballo                Benidorm, Alicante 03500, Spain
Calle Libra, Urb. Riviera del Sol      1923 Walker Trail                     Ctra. a Cola de Caballo Km. 6
Mijas-Costa, Málaga 29647              Pigeon Forge, TN 37876                Santiago, Nuevo Léon, Mexico         La Sammana
Spain                                                                                                             1400 West Brigantine Boulevard
                                       Glacier Ridge Condos at Devil's       Hotel Jalim                          Brigantine Beach, NJ 08203
Club Sol y Vista at Hotel Puerto         Head                                Av Cel Cirilo S/N Centro
  Azul                                 S6330 Bluff Road                      Caldas Novas, Brazil                 La Victoria Casa de Campo
Av. de la Cornisa                      Merrimac, WI 53561                                                         Ruta 42, Km. 9, Tomas Jofre
Puerto Rico, Gran Canaria 35139                                              Hotel São Sebastião da Praia         Mercedes, Buenos Aires, Argentina
Canary Islands, Spain                  Great Links Resorts at Desert         Avenida Campeche, 1373
                                         Canyon                              Florianópolis, Brazil                Lady Luck Resort Casino
Club Suites on Malta                   800 Desert Canyon Boulevard                                                206 N. 3rd Street
Eden Bay Resort                        Orondo, WA 98843                      Hotel Terraza del Pacifico           Las Vegas, NV 89101
St. George’s Bay, St. Julians STJ 07                                         Playa Hermosa Jaco CR, 168 Jaco
Malta                                                                        Puntarenas, Costa Rica               Lake Marion Resort and Marina
                                       Great Links Resorts at
                                         Dungeness                                                                510 Ragtime Trail
Condorama International                1963 Woodcock Road                    Huerta Grande Village Resort         Route 2, Box 945
#1 Beau Soleil                         Sequim, WA 98382                      Av. Buenos Aires S.                  Santee, SC 29142
Beaupré, Québec G0A 1E0                                                      Huerta Grande, Córdoba
Canada                                                                       Argentina                            Lantern Bay Resort
                                       Harbor at Depoe Bay, The
                                       34 Sunset Street                                                           100 Lantern Bay Road
Coral Sands Beach                      Depoe Bay, OR 97341                   Iguassu Golf Club & Resort           Branson, MO 65616
3611 Collins Avenue                                                          Av. das Cataratas, 6845
Miami Beach, FL 33140                                                        Foz do Iguazu, Parana 85850-000      Las Brusquitas
                                       Harbor Vacations Club
                                       1880 Harbor Island G. Dock            Brazil                               Ruta Provincial 77
Corfu Resort                           San Diego, CA 92101                                                        Paraje Las Brusquitas
Apraos, Kalamaki                                                             Inn at Los Abrigados, The, and       Miramar 7607, Argentina
Corfu, Greece                                                                  ILX Premiere Vacation Club at
                                       Harbourside II
                                       1141 Broad Creek Road                   The Inn at Los Abrigados           Lepokatti
Eaglewood at Ruttger’s Sugar           New Bern, NC 28560                    170 Portal Lane                      Vuokatinrinne
  Lake Lodge                                                                 Sedona, AZ 86336                     Vuokatti 88610, Finland
1000 Otis Lane
                                       Harbourview Villas at South
Cohasset, MN 55721                                                           Itacare Village                      Lifetime Vacation Club at
                                         Seas Resort
                                       950 Plantation Road                   Rodovia Ilheus Itacare, Km. 64          Miraflores II
El Bergantín Menorca Club              Captiva, FL 33924                     Bahia 45530-000, Brazil              Carretera de Cádiz Km. 199
Urb. Playas de Fornells                                                                                           Mijas-Costa, Málaga 29647, Spain
Fornells, Menorca 07748                                                      Kaanapali Keys at Papakea
                                       Heffley Boutique Inn
Balearic Islands, Spain                                                                                           Lion Resorts – Club Alias
                                       3185 Creekside Way                      Beach Resort
                                       Sun Peaks, British Columbia V0E 1Z1   3543 Honoapiilani Highway              Aliathon Holiday Village
Elterwater Hall at Langdale            Canada                                Lahaina, Maui, HI 96761              Poseidonos Avenue
  Estate                                                                                                          Kato Paphos, 8063, Cyprus
Langdale Estate                                                              Kaimanawa Lodge
                                       HHoliday Vacation Club
Great Langdale                                                               Taupahi Road                         Lodges at Fox Hollow Lake, The
                                       Boulevard Morazan
Nr. Ambleside, Cumbria LA22 9JD                                              Turangi, New Zealand                 50 StoneBridge Parkway
                                       1era Calle 11 Avenue
United Kingdom                                                                                                    StoneBridge Village
                                       San Pedro Sula, Honduras
                                                                             Ke Nani Kai                          Branson West, MO 65737
Exclusivacations at Miami              Hipocampus Resort                     Kepuhi Place
  Beach                                Brown 240, Villa Carlos Paz           Kalua Koi, Molokai, HI 96770         Luna Runtún Resort and Spa
6525 Collins Avenue                    Córdoba 5152, Argentina                                                    Caserio Runtún Km. 6
Miami Beach, FL 33141                                                                                             Baños, Tungurahua, Ecuador
                                                                             Ketch Court
                                       Hosteria San Jose                     6 Lighthouse Road
Executive Timbers Resort and           Manuel Burbano S/N. 171759            Hilton Head Island, SC 29938         Maisons Hollywood at
  Golf Club                            Quito, Ecuador                                                              Residence Pamplemousse II
190 Devil’s Pool Road                                                        Kona Islander Vacation Club          Avenue des Pays de Loire
Ridgedale, MO 65739                                                          75-5778 Kuakini Highway              St. Jean de Monts 85160, France
                                       Hotel and Club de Playa el
                                         Parador                             Kailua-Kona, Hawaii, HI 96740
F.D.R. Vacation Club                   Punta Quepos, Aguirre, Puntarenas                                          Mandalay Shores Resort
Runaway Bay                            Quepos, Costa Rica                    Kultakivi                            5226 Neptune Square
St. Ann, Jamaica                                                             Putikko 58550, Finland               Oxnard, CA 93035
                                                                                                                                              43

Mansion del Rio                     Oreti Village                    Résidence le Christiania             Somni Aranes
Bahia Paraiso                       Mission Bay Drive                Alpe D’Huez 38750                    Residencia Los Abetos
Aldea San Felipe de Lara            Pukawa Bay, Lake Taupo Road      France                               c/Monteorbison, No. 17
Rio Dulce                           Pukawa, New Zealand                                                   Edificio A, Local 2
Livingston, Izabal, Guatemala                                        Residence Van Gogh                   Vielha, Lleida 25530, Spain
                                    Palace View Resort               Parmentierlaan 209-211
Manteo Beach Club                   700 Blue Meadows Drive           Knokke 83000, Belgium                St. Christopher Club
3766 Lakeshore Road                 Branson, MO 65616                                                     P.O. Box 570
Kelowna, British Columbia V1W 3L4                                    Résidôtel Le Stanley                 Frigate Bay
Canada                              Paradise Point Resort            Rue de la Riviera                    St. Kitts/Nevis
                                    250 Lakewood Drive               Noumea 98845, New Caledonia
Marti Vacation Club at Tekirova     Hollister, MO 65672                                                   Stella del Sud
Tekirova                                                             Resorts West at Surfside Inn         Via Nazionale 4
Kemer, Antalya 07980, Turkey        Paraíso del Sol                  31512 “J” Place                      Caprioli di Pisciotta (SA) 84040
                                    Cabarete Road                    Ocean Park, WA 98640                 Italy
Menam Riverside Hotel               Cabarete, Puerto Plata
2074 Charoenkrung Road              Dominican Republic               Rockridge Townhomes                  Summerfield Condo Resort
Bangkorlaem, Bangkok 10120                                           1000 Atlantic Lode Drive             2425 Summerfield Way
Thailand                            Peaceful Bay Resort and Club     Breckenridge, CO 80424               Kissimmee, FL 34741
                                    137 Peaceful Lane
Mercure Grand San Moritz            Lakeside, MT 59922-0556          Royal Aloha Vacation Club at         Swiss Garden International
10-18 Brunswick Street                                                 Lantern Bay Condominium              Vacation Club at Kuantan
Queenstown 9197                     Pebble Beach Village             200 Lantern Bay Road                 2656-2657 Mikim Sungai Karang
New Zealand                         Urb. Amarilla Golf               Branson, MO 65616                    Balok Beach, Pahang, Darul Makmur
                                    San Miguel de Abona, Tenerife                                         Beserah, Kuantan 26100
Mountainview Resort                 Canary Islands, Spain                                                 Malaysia
                                                                     Sea Horse Inn
263 Main Street                                                      Km. 25 Via a San Luis
Jackman, ME 04945                   Pinares de Punta del Este        San Andres Isla, Colombia            Tattershall Park Country Club
                                      Vacation Club                                                       Sleaford Road
Night Heron Loft                    Camino de la Laguna, Parada 34                                        Tattershall, Lincolnshire LN4 4LR
                                                                     Sea Scape Quarters
8 Lighthouse Road                   Punta del Este, Uruguay                                               United Kingdom
                                                                     441 South Sea Scape Drive
Hilton Head Island, SC 29928                                         Kitty Hawk, NC 27949
                                    Pirates Cove Resort                                                   Tivoli Vacation Club
Ocean Club at Jamaica Inn, The      3501 South Atlantic Avenue                                            Rua Simplicio dos Passos Gouveia,
                                                                     Seasons at Whistler, The
Main Street                         Daytona Beach Shores, FL 32127                                          29
                                                                     4368 Main Street, Suite 106
P.O. Box 1                                                                                                Ocean Park Promenade
                                                                     Whistler, British Columbia V0N 1B4
Ocho Rios, Jamaica                                                                                        Funchal, Madeira, 9000-100
                                    Pivko Village                    Canada
                                                                                                          Portugal
                                    Kibbutz Kabri
Ocean Watch Beach Club              D.N. Oshrat 25120, Israel        Seaview Condominiums
Cayuga Street Ocean Bay Park                                         115 North Miller Street
                                                                                                          Treehouse Village at Lake
Ocean Watch Beach, NY 11770         Plantation Club Villas           Rockaway Beach, OR 97136               Forest
                                    18 Lighthouse Road                                                    3801 Eagle Waters Road
Ocho Cascadas                       Hilton Head Island, SC 29928                                          Eagle River, WI 54521
                                                                     Seawinds II Condominium
Villas Ocho Cascadas                                                 128 Olde Wharf Road
Apartado 495                        Racquet Club Villas              Dennisport, MA 02639                 Trillium Resort and Spa Limited
Puerto Vallarta, Jalisco, Mexico    108 Lighthouse Road                                                   848 Clearwater Lake Road
                                    Hilton Head Island, SC 29938                                          Port Sydney, Ontario P0B 1L0
                                                                     Sedes Vacation Club at Parque
Old Killarney Village                                                                                     Canada
                                                                       Albatros
Aghadoe                             Résidence Acropolis              Golf del Sur
Killarney, County Kerry, Ireland    58 Boulevard Risso               San Miguel de Abona
                                                                                                          Vacation Internationale –
                                    Nice 06300, France               Tenerife, Canary Islands, Spain        Hololani
Options by MacDonald at                                                                                   4401 Lower Honoapiilani Highway
 Dalfaber Resort Chalets                                                                                  Lahaina, Maui, HI 96761
                                    Residence Berghof                Shawnee Inn
Dalfaber Estate                     Am Predigtstuhl 4                River Road
Aviemore, Inverness                 St. Englmar 94379, Germany       Shawnee-On-Delaware, PA 18356        Vacation Internationale –
Scotland PH22 1ST, United Kingdom                                                                           Kihei Kai Nani
                                    Residence Club at Hotel McCall                                        2495 South Kihei Road
                                                                     Shengteng Vacation Club
Options by MacDonald at Forest      1101 North 3rd Street                                                 Kihei, Maui, HI 96753
                                                                     Howard Johnson Resort Sanya Bay
 Hills Hotel and Resort II          McCall, ID 83638                 Haipo Development Zone, Sanyawan
Forest Hills Hotel                                                     Road                               Vacation Internationale –
Kinlochard                          Residence Club South Shore       Sanya, Hainan 572000, China            Oceanside Marina Inn
Aberfoyle by Stirling, FK8 3TL      180 Elks Point Road                                                   2008 Harbor Drive North
United Kingdom                      Zephyr Cove, NV 89448                                                 P.O. Box 3543
                                                                     Siam Thani
                                                                     391/51 Moolo Tapaya Road             Oceanside, CA 92054
                                                                     Pattaya City 20260, Thailand
44

View Talay Villas Holiday Resort      Village La Corte                     Villas Mediterráneas                     Wintergreen at Midway
404/5 Moo 12 Thapraya Road            Rua Dos Lirios, 3 Village I          Hortencias Sur s/n L. 49                 800 Lime Canyon Road
Jomtien Beach, Chonburi 20260         Porto Seguro, Bahia 45810-000        Puerto Vallarta, Jalisco 48390, Mexico   Midway, UT 84049
Thailand                              Brazil
                                                                           Wildwood Shores                          WorldMark at Golden Beach
Vila Baia                             Villas of Gold Mountain              1 Pine Boulevard                         75 The Esplanade
Rua Alfredo do Nascimento Baptista    348 Bear Run Road                    Huntsville, TX 77340                     Caloundra, Queensland 4100
Lote 35, R/C                          Clio, CA 96101                                                                Australia
Luz, Portugal 8600-152                                                     Windemere
                                                                           523 South Ocean Boulevard
                                                                           North Myrtle Beach, SC 29598


RESORTS WITH 1 – 5 UNITS PARTICIPATING AND AVAILABLE FOR OCCUPANCY

Absolute Private Residence            Branson Thousand Hills               Fern Hill Club                           Hotel Eigerblick
  Club at Jinqiao                     2800 Green Mountain Drive            San San Mile Gully Road                  Grindelwald
No. 55 Guangqumen Beili               Branson, MO 65616                    Port Antonio                             Switzerland
Beijing (Chong Wen District), China                                        Jamaica
                                      Canyon Woods Grande                                                           Hotel Internacional Foz
Accor Vacation Club at Mercure          International Vacation             Fisherman’s Village at Jot’s             Rua Almirante Barroso, 2006
  Grand San Moritz                    Canyon Woods Residential Resort        Resort                                 Parana, Brazil
10-18 Brunswick Street                Laural 4221, Philippines             93460 Wedderburn Loop
Queenstown 9197, New Zealand                                               Gold Beach, OR 97444                     Inn at St. Ives, The
                                      Classic Cruisers at Bray Marina                                               9940 St. Ives Drive
Accor Vacation Club at Novotel        Bray Marina                          47 Park Street by Marriott Grand         Stanwood, MI 49346
  Lake Crackenback                    Monkey Island Lane                     Residence Club
Alpine way via Jindabyne              Bray, Berkshire SL6 2EB              47 Park Street                           Jambo Vacation Club at Club
Snowy Mountains, New South Wales      Great Britain                        Mayfair, London W1K 7EB                    Residence Capopiccolo
Australia                                                                  United Kingdom                           Localita Capopiccolo
                                      Club Marina Tenerife Sur                                                      Crotone, Isola di Capo Rizzuto 88076
Ahtari Loma-Club                      Avenida Tavio                        Four Seasons Pacifica                    Italy
Moksunsalontie                        Costa del Silencio, Tenerife 38360   2600 Avenida del Presidente
Ahtari 63700, Finland                 Canary Islands, Spain                San Clemente, CA 92672                   Jambo Vacation Club at I
                                                                                                                      Giardini di Atena
Andorra II                            Club Vacacional Coomeva at           Frontenac Shores                         SP Lecce – Vernole km.4
Playa de las Américas                   Club de Los Andes                  R.R. #2                                  Merine di Lizzanello (Lecce) 73020
Tenerife, Canary Islands, Spain       Km. 35 Via Cali                      Cloyne, Ontario K0H 1K0                  Italy
                                      Popayan 31581, Colombia              Canada
Batam View Beach Resort                                                                                             Kermikkä
Jalan Hang Lekir                      Colinas del Faro                     Great Bay Beach Hotel & Casino           Kermikkätie
Nongsa, Batam Island, Indonesia       Urb. El Faro, Colinas del Faro       Great Bay                                Saariselkä 99830, Finland
                                      Mijas-Costa, Málaga                  St. Maarten, Netherlands Antilles
Beaver Village Condominiums           Spain                                                                         Killarney Country Club
50 Village Drive                                                           Great Links at Moses Point               L.S. Faha, Killarney
Winter Park, CO 80482                 Deckshare Club at Anderton           6432 Melby Way NE                        County Kerry, Ireland
                                        Marina Canalboats                  Moses Lake, WA 98837
Beech Manor                           Anderton, Nr. Manchester                                                      La Orquidea Heights
101 Charter Hills Road                United Kingdom                       Great Links at Resorts at                C/D Jose Orbaneja s/n
Banner Elk, NC 28604                                                         Homestead Farms                        Sitio de Calahonda
                                      Donato House Hotel, The              115 E. Homestead Boulevard               Mijas-Costa, Málaga 29650
Birdland Home and Holidays            1080 Mosley Street                   Lynden, WA 98264                         Spain
Golf út. 2                            Wasaga Beach, Ontario L0L 2P0
Bükfürdö, Hungary                     Canada                               Holiday Club Åre                         Lakes of the North
                                                                           Tegefjall, Åre 83013                     8548 Pineview
Blackbird Lodge Timeshare             Durango Riverside Resort &           Sweden                                   Mancelona, MI 49659
  Program                               R.V. Park
305 8th Street                        13391 County Road 250                Holiday Club –                           Lawai Beach Resort –
Leavenworth, WA 98826                 Durango, CO 81301                      Pattaya Hill Resort                      Lika Lani Building
                                                                           329 Pratumnug Road                       5017 Lawai Road
Bogmallo Beach Resort                 El Ocotal                            Pattaya City, Chonburi 20260             Koloa, Kauai, HI 96756
Bogmallo Beach                        Playa Ocotal, Carrillo               Thailand
Goa, India                            Playa del Coco, Guanacaste
                                      Costa Rica
                                                                                                                                                   45

Le Soleil Vacation Ownership          Pattaya Hill Resort                  Résidence les Hameaux du           The Sentinels at Kirkwood
  Club                                329 Kao-Praratamnak Hill               Mont d’Arbois                      Private
567 Hornby Street                     Pattaya City, Banglamung District    411 Route du Mont d’Arbois         1050 Kirkwood Meadows Drive
Vancouver, British Columbia V6C 2E8   Chonburi 20260, Thailand             Zac du Colet, P.O. Box 74120       Kirkwood, CA 95646
Canada                                                                     Megeve 74120, France
                                      Penhaven Cottages                                                       Snowater
Lion Resorts – Club Akamas            Rectory Lane                         Residences at Green Valley Spa     10500 Mount Baker Highway
Akamanthea Holiday Village            Parkham, Nr. Bideford                  Townhomes                        Glacier, WA 98244
Polis, Pafos 66301                    Devon EX39 5PL, Great Britain        1999 West Canyon View Drive
Cyprus                                                                     St. George, UT 84770               Somni Aragonés
                                      Phoenix, The                                                            Ed. Monteski
Llethr House Vacation Club            2315 Après Ski Way                   Residencial Diana                  Prov. Huesca
Llethr House                          Steamboat Springs, CO 80487          Camino de Cortes                   Formigal-Sallent de Gallego 22640
Pendine                                                                    Ctra. de Cádiz, Km. 168            Spain
Carmarthenshire SA33 4PE              Pine Ridge Inn Vacation Club         Estepona, Málaga 29688, Spain
United Kingdom                        1200 S.W. Century Drive                                                 Spinnaker Penthouse 901
                                      Bend, OR 97702                       Residenza Castelcervo              3513 South Ocean Boulevard
Mar y Sol                                                                  Località Liscia Di Vacca           Suite 901
Trasera Victoria Court                Pinnacle, The                        Porto Cervo, (SS)                  North Myrtle Beach, SC 29598
Los Cristianos, Tenerife E-38650      2507 South Ocean Boulevard           Sardinia 07020, Italy
Canary Islands, Spain                 North Myrtle Beach, SC 29582                                            Sun Colony
                                                                           Resorts West Vacation Club at      200 Sun Colony Boulevard
Na Pali Kauai Club Alii Kai II        Pines at Island Park, The              Cabana Club Condominium          Longs, SC 29568
3830 Edwards Road                     3907 Phillips Loop Road              7530 Birch Bay Drive
Princeville, Kauai, HI 96714          Island Park, ID 83429                Blaine, WA 98230                   Sunborn Vacation Club
                                                                                                              Matkailijantie 2
Norwood Resorts Fractional            Plantation Bay Villas                Resorts West Vacation Club at      Naatali, Finland
  Ownership                           South Seas Plantation                  Embarcadero Resort
501 Hume Street                       Captiva Island, FL 33924             1000 S.E. Bay Boulevard            Sunchase Beachfront
Collingwood, Ontario L9Y 4H8                                               Newport, OR 97365                    Condominiums
Canada                                Point-to-Point Destinations –                                           1010 Padre Boulevard
                                        Glacier’s Reach                    Resorts West Vacation Club at      South Padre Island, TX 78597
Ocean Isle Beach Club                 323-4388 Northlands Boulevard          Kala Point Village
18-3 Causeway Drive, S.W.             Whistler, British Columbia V0N 1B4   20 Village Drive                   Tahoe Vacation Condominiums
Ocean Isle Beach, NC 28469            Canada                               Port Townsend, WA 98368            261 Quaking Aspen
                                                                                                              Stateline, NV 89449
Oceana Private Club                   Points North Inn                     Riosol Club
13 Ingleside Road                     101 Michigan Avenue                  Parcela 40, Playa Blanca           Tamarack Lodge
Stellenbosch, Camps Bay 7599          Charlevoix, MI 49720                 Lanzarote, Canary Islands, Spain   2035 US 31 North
South Africa                                                                                                  Traverse City, MI 49686
                                      Port Villas                          Rodd Mill River Resort
Options by Macdonald at               226 South Seas Drive                 Highway #136                       Tattershall Park Country Club
 Elmers Court Country Club &          Hilton Head Island, SC 29938         O’Leary                            Sleaford Road
 Resort                                                                    Prince Edward Island C0B 1V0       Tattershall, Lincolnshire, LN4 4LR
South Baddesley Road                  Pyramid Resort Vacation Club         Canada                             United Kingdom
Lymington, Hampshire SO41 5ZB         Km. 57 Carretera Libre La Misión
United Kingdom                        La Misión, B.C.N., Mexico            Royal Club                         Thurnham Vacation Club at
                                                                           6, Avenue Pierre Loti                Anderton Marina
Options by Macdonald at Forest        Rachaburi Country Club               La Baule 44500, France             Anderton Marina
 Hills Hotel and Resort II            93 Moo 10 Tumbon Pakchong                                               Anderton, Nr. Manchester
Forest Hills Hotel                    Jombung District                     Sandy Square                       United Kingdom
Kinlochard                            Rachaburi 70150, Thailand            11901 119th Street
Aberfoyle by Stirling FK8 3TL                                              Ocean City, MD 21842               Tranquility Bay
United Kingdom                        Renvyle Strand                                                          2600 Overseas Highway
                                      c/o Renvyle House Connemara          Sea Mountain                       Mile Marker 48.5
Paki Maui Beach Villas                County Galway, Ireland               95-789 Ninole Loop Road            Marathon, FL 33050
3615 Lower Honoapiilani Highway                                            Punalu’u, Hawaii, HI 96777
Lahaina, Maui, HI 96761               Résidence le Silveralp                                                  Tropical Trades at Paki Maui
                                      73440 Val Thorens                    Sea Village                        3615 Lower Honoapiilani Highway
Papakea Beach Resort                  France                               75-6002 Alii Drive, Suite 10-A     Lahaina, Maui, HI 96761
Hawaii Properties Ltd.                                                     Kailua-Kona, Hawaii, HI 96740
3543 Honoapiilani Highway             Résidence Les Bergers                                                   Twin Oaks Villas
Lahaina, Maui, HI 96761               Rocher Soleil Zac des Bergers                                           70 Plantation Drive
                                                                           See the Sea
                                      38 Alpe D’Huez                       4465 Ocean Boulevard               Hilton Head Island, SC 29938
                                      L’Alpe d’Huez 38750, France          San Diego, CA 92109
46

Vacation Club at Le Meridien            Vacation Internationale –               Villagio Italia                      Whaler, The
  Kathmandu                               Tahoe Beach & Ski Club                Av. Dr. Claudio Jose Gueiros Leite   2481 Kaanapali Parkway
Gokarna Forest Golf Resort & Spa        3601 Lake Tahoe Boulevard               10.161, Maria Farinha, PE            Lahaina, Maui, HI 96761
Rajnikunja, Gokarna, Kathmandu, Nepal   South Lake Tahoe, CA 96150              Recife, Brazil
                                                                                                                     World International Vacation
Vacation Internationale –               Valley Isle                             Villas de Menorca                     Club – Villacana
  Kittyhawk Resort                      4327 Lower Honoapiilani Highway         Club Santiago                        Km. 165 Carretera de Cádiz
The Pines at Summer Meadow Road         Lahaina, Maui, HI 96761                 Manzanillo, Colima 28860             Estepona, Málaga
Sunriver, OR 97707                                                              Mexico                               Spain


RESORTS WITH 1,000 OR MORE MEMBERS

Absolute Private Residence Club at        –  Harbour Lights                        – Crescent, The                     –   Palazzo Catalini Resort
   – Jinqiao                              –  Laurel Crest Resort                   – Grand Seas Resort                 –   Palm Springs Marquis Villas
   – Samui Peninsula                      –  Lodge Alley Inn, The                  – Liki Tiki Village                 –   Pine Lake Resort
Acadia Village Resort                     –  Mariner’s Boathouse & Beach        Club Prestige                          –   Point at Poipu, The
Accor Vacation Club                          Resort                             Club QM                                –   Polynesian Isles
   – Coral Coast                           – MountainLoft Resort                   – Club QM at Kingsbury Crossing     –   Ridge on Sedona Golf Resort, The
   – Freshwater Point Resort               – Sanibel Beach Club I                  – Club QM at Ridge Sierra, The      –   Ridge Pointe, The
   – Grand Mercure Apartments              – Sanibel Beach Club II                 – Club QM at Thunderbird Resort     –   Royal Dunes
     Bussleton                             – Shenandoah Crossing Resort              Club                              –   Royal Oasis Benal Beach, The
   – Grand Mercure Apartments              – Shore Crest Vacation Villas           – Club QM at Northlake Lodges       –   Royal Oasis Club La Quinta
     Flinders Lane                         – South Shore Club                        and Villas                        –   Royal Palm Beach Resort
   – Grand Mercure Apartments              – Surfrider Beach Club               Club Vacacional Coomeva                –   Royal Regency
     Forest Resort                         – Windward Passage Resort               – Club de Los Andes                 –   Royal Sunset Beach Club
   – Grand Mercure Apartments           Cabins at Green Mountain                   – Mendihuaca Carribean Resort       –   Royal Tenerife Country Club
     Pinnacle Apartments                Cabo Villas Beach Resort                Coconut Mallory Marina and Resort      –   Sahara Sunset Resort
   – Grand Mercure Apartments The       California Vacation Club                Coconut Palms Beach Resort             –   San Luis Bay
     Vines                                 – Desert Breezes                     Colonial Crossings of Williamsburg     –   Santa Barabara Golf & Ocean
   – Grand Mercure Apartments The          – Gaslamp Plaza Suites               Condohotel Villa del Mar                   Club
     Vintage                               – Indian Palms Vacation Club         Condominios Playa del Sol                – Scottsdale Links Resort
   – Grand Mercure Basildene Manor         – Lodge at Kingsbury Crossing        Corail Royal Marina                      – Scottsdale Villa Mirage
   – Grand Mercure Hotel St. Moritz        – RiverPointe Napa Valley            Corail Royal Plage                       – Sedona Springs Resort
   – Grand Mercure Oakridge Resort         – Scottsdale Camelback Resort        Costa Caribe Resort                      – Sedona Summit
   – Grand Mercure Apartments              – Vista Mirage                       Country Heights Vacation Club            – Suites at Fall Creek, The
     Pinnacle Valley Resort             Caribbean and Dream Buildings at           – Country Heights Villas              – Suites on Malta
   – Grand Mercure Puka Park Resort        Ocean Landing                           – Palace of the Golden Horses         – Sunset Bay Club
   – Grand Mercure The Links            Caribbean Palm Village                  Cove at Yarmouth, The                    – Sunset Harbor Club
   – Legends Hotel                      Carriage House at Pocono Manor          Creekside Village                        – Sunset View Club
   – Mermaid Beach Apartments           Castillo Beach Club                     David Walley’s Resort – A Quintus        – Thurnham Hall
   – Novotel Lake Crackenback Resort    Christie Lodge, The                        Resort                                – Vilar do Golf Resort Club
   – Novotel Nusa Dua Apartments        Cibola Vista Resort & Spa               Diamond Resorts International –          – Villas at Poco Diablo Resort
   – Novotel Pacific Bay Resort          Clarion Suites Crystal Beach and           THE Club                              – Villas of Sedona
   – Turtle Beach Resort                   Health Club                             – Alpine Club, The                    – Villas de Santa Fe Resort
   – Twin Waters Beach Houses           Clarion Suites Oaks at Resort World        – Alpine Club Schliersee Resort       – Westgate South Beach
Alanda Club Marbella                    Clarion Suites Resort World of             – Bent Creek Golf Village             – White Sands Beach Club
American Resorts International             Orlando                                 – Burnside Park Owners Club           – White Sands Country Club
   Holiday Network                      Clarion Suites Resort World Villas of      – Cala de Mar                         – Woodford Bridge Country Club
   – Alpenland Sporthotel                  Lake Buena Vista                        – Club Blanca                         – Wychnor Park Country Club
   – Maria Alm                          Clarion Suites Spas at Resort World        – Club de Carmen                  Divi Village
   – St. Johann Im Pongau               Club Cala de Palmas                        – Cromer Country Club             Eagle Point
Americano Beach Resort, The             Club Casa Dorada Spa & Golf Resort         – Cypress Pointe Grande Villas    Edgewater Beach Resort
AmeriSuites Vacation Club at Calypso    Club Cascadas de Baja                      – Cypress Pointe Resort           El Cid Vacation Club
   Cay                                  Club de Soléil                             – Daytona Beach Regency           El San Juan Towers
Aquarius Vacation Club at Boquerón      Club Destin Resort                         – Desert Paradise Resort          Ellington at Wachesaw Plantation
   Beach                                Club Estela Dorada                         – Flamingo Beach Resort               East
Aquarius Vacation Club at Embassy          – Gruphotel Club Marina Arpon           – Gala Fjellgrend                 Equivest Avenue Plaza Hotel & Pro
   Suites                                  – Gruphotel Aldea del Mar               – Garden Lago                         Spa
Atlantic Club Reserva de Marbella          – Gruphotel Club Jardines Paraisol      – Grand Beach Resort II           Equivest Vacation and Travel Club
Avalon Excalibur                           – Gruphotel Club Mediterranean          – Greensprings Vacation Resort        – Atlantic Beach Villas
Avalon Grand All Inclusive Vacation          Cala Pi                               – Historic Powhatan Resort, The       – Blue Ridge Village
Avalon Reef Club                           – Gruphotel Club Riviera                – Island Links Resort                 – Branson Thousand Hills
Beach House Seaside Resort                 – Salou Aquamarina                      – Jardines del Sol                    – Equivest Sands
Beach Quarters                             – Gruphotel Club El Tartar              – Kaanapali Beach Vacation            – Laurel Point Condominiums
Blue Tree Resort at Lake Buena Vista       – Gruphotel Club Novelty                  Resort                              – Mirror Lake/Tamarack
BlueBay Beach Club                         – Gruphotel Club Ogisaka Garden         – Kenmore Club, The                   – Ocean Club
Bluebeard’s Beach Club & Villas         Clubhotel am Kreischberg                   – Lake Tahoe Vacation Resort          – Outer Banks Beach Club I
Bluegreen Vacation Club                 Club In                                    – Le Club Mougins                     – Outer Banks Beach Club II
   – Beach Club I                       Club Internacional de Cancún               – Le Manoir des Deaux Amants          – Peppertree at Thousand Hills
   – Dolphin Beach Club                 Club Navigo                                  Resort                              – Peppertree By the Sea
   – Estero Island Beach Club              – Charter Club Resort on Naples         – Le Resience Normandie               – Peppertree – Fontana Village
   – Falls Village, The                      Bay                                   – London Bridge Resort II             – Resort Villas of Maggie Valley
   – Four Winds Beach Resort               – Cove at Ormond Beach, The             – Los Amigos Beach Club               – Sandpebble Beach Club
                                                                                                                                                         47

   – Sea Mystique                          – Scottsdale Camelback              Marriott’s Ko Olina                      Rancho Banderas Vacation Villas
   – Vacation Club Villas                  – Varsity Clubs of America –        Marriott’s Manor Club at Ford’s Colony   Rangeley Lake Resort
   – Wild Wing Golf Village                  South Bend Chapter                Marriott’s Manor Club Sequel             Red Wolf Lodge at Squaw Valley
Es Pueto                                   – Varsity Clubs of America –        Marriott’s Marbella Beach Resort         Renaissance Aruba Beach Resort &
Escapes! to the Gulf at Orange               Tucson Chapter                    Marriott’s Maui Lahaina & Napili            Hotel
   Beach                                InnSeason Resorts – Falls at              Villas                                Ridge Tahoe – A Quintus Resort, The
Escapes Travel Choices Club                Ogunquit, The                       Marriott’s Maui Ocean Club               Ridge Top Village at Shawnee
   – Escapes! to Galveston              InnSeason Resorts – Pollard Brook      Marriott’s Monarch at Sea Pines          Riviera Beach and Spa Resort II
   – Escapes! to Greens at Bella        InnSeason Resorts Vacation Club        Marriott’s Mountain Valley Lodge at      Riviera Oaks Resort
     Vista, The                            – InnSeason Resorts Captain’s          Breckenridge                          Royal Caribbean, The
   – Escapes! to Gulf at Orange              Quarters                          Marriott’s MountainSide at Park City     Royal Club at the Palm – Jumeira
     Beach, The                            – InnSeason Resorts Cove at         Marriott’s Newport Coast Villas          Royal Haciendas, The
   – Escapes! to Hot Springs                 Yarmouth, The                     Marriott’s Oceana Palms                  Royal Islander, The
   – Escapes! to Stonebridge Village       – InnSeason Resorts Falls at        Marriott’s OceanWatch Villas             Royal Mayan, The
   – Escapes! to Tropical Breeze at          Ogunquit, The                     Marriott’s Phuket Beach Resort           Royal Sands, The
     Panama City Beach                     – InnSeason Resorts HarborWalk      Marriott’s Royal Palms Resort            Royal Savoy Resort
Fairfield Fairshare Plus Club               – InnSeason Resorts                 Marriott’s Sabal Palms Resort            Royal Vacation Suites
   – Star Island Resort                      Mountainview                      Marriott’s Shadow Ridge                  Sands of Kahana Vacation Club
   – Wyndham Royal Vista                   – InnSeason Resorts Pollard Brook   Marriott’s Shadow Ridge Enclave          Sea Mist Resort
   – Wyndham Governor’s Green              – InnSeason Resorts Sea Mist        Marriott’s StreamSide                    Seasons
Fairmont Vacation Villas at Hillside         Resort                            Marriott’s Summit Watch                     – Alto Club
Fairmont Vacation Villas at                – InnSeason Resorts South           Marriott’s SurfWatch                        – Brunston Castle
   Mountainside                              Mountain                          Marriott’s Timber Lodge                     – Burn Park Country Club
Fairmont Vacation Villas at Riverside      – InnSeason Resorts Surfside        Marriott’s Village d’lle de France          – Clowance Estate and Country
Falcon Point                            Island Residence Club at Golden        Marriott’s Village de France II               Club
Flagship Resort, The                       Sands                               Marriott’s Waiohai Beach Club               – Club Tahiti
Flamingo Club                           Island Seas Resort                     Maui Beach Vacation Club                    – Forest Hills
Fort Lauderdale Beach Resort            Island Village – The Heights           Maui Schooner                               – Knocktopher Abbey
Four Seasons Residence Club Aviara      Jockey Club, The                       Misiones del Cabo Vacation Club             – Laugharne Park
Galleria at Split Rock                  Kahana Beach Vacation Club             Monarch Grand Vacation Club                 – Whitbarrow Village
Gardenia Plaza Resort II                Kahana Villa Vacation Club                – Monarch Grand Vacations at          Shanghai SunIsland International
Gardens at West Maui, The               King’s Creek Plantation                     Cabo Azul                              Club
Gatlinburg Town Square                  Kona Coast Resort Interval                – Monarch Grand Vacations at          Shawnee Ridgetop Village
Grand Caymanian Resort                     Ownership, The                           Cancún Caribe                       Shawnee River Village II
Grand Regency Resort at Thousand        Kona Coast Resort II                      – Monarch Grand Vacations at          Sheraton Broadway Plantation
   Hills                                La Cabana Beach & Racquet Club              Cedar Breaks Lodge and Spa          Sheraton Desert Oasis
Grand Seas Resort                       Lagos de Fañabe II                        – Monarch Grand Vacations at          Sheraton’s Vistana Resort
Grand Sharm Resort                      Lawrence Welk Resort Villas                 Palm Canyon Resort and Spa          Snowdance Vacation Club at
Grand Timber Lodge                      Lawrence Welk’s Desert Oasis              – Monarch Grand Vacations at             Ascutney Mountain Resort
Hacienda Encantada Resort and Spa       Legend Worldwide Holidays                   Riviera Beach and Spa Resort        Star Island Resort and Club
Hanalei Bay Resort Club                    – Legend Resort Cherating, The         – Monarch Grand Vacations at          Starwood Vacation Network
Harbor Ridge                               – Legend Hotel and Apartment             Riviera Beach and Spa Resort           – Harborside Resort at Atlantis
Harborside at Atlantis                       Kuala Lumpur, The                      Phase II                               – Lakeside Terrace
Hippocampus Beach International         Liki Tiki Village                         – Monarch Grand Vacations at             – Sheraton Broadway Plantation
   Resort                               London Bridge Resort                        Riviera Oaks Resort                    – Sheraton Desert Oasis
Holiday Park Resort                     Los Cabos Golf Resort                     – Monarch Grand Vacations at             – Sheraton Mountain Vista
Holly Tree Resort Hotel                 Magic Tree Resort                           Riviera Shores Resort                  – Sheraton PGA Vacation Resort
Horizons by Marriott at Branson         Margarita International Resort            – Monarch Grand Vacations at             – Sheraton Steamboat Resort
Hyatt Vacation Club                     Marriott Vacation Club at Mai Khao          Tahoe Seasons                            Villas
   – Highlands Inn                         Beach                               Mountain Laurel Resort and Spa              – Sheraton Vistana Orlando
   – Hyatt Beach House Resort           Marriott’s Aruba Ocean Club            MountainLoft Resort                         – Sheraton Vistana Villages
   – Hyatt Coconut Plantation           Marriott’s Aruba Surf Club             Mystic Dunes Resort and Golf Club           – Westin Desert Willow Villas
   – Hyatt Grand Aspen                  Marriott’s Barony Beach Club           Oak N’ Spruce Resort                        – Westin Ka’anapali Ocean Resort
   – Hyatt Hacienda del Mar             Marriott’s Canyon Villas at Desert     Oak Plantation                              – Westin Ka’anapali Ocean Resort
   – Hyatt High Sierra Lodge               Ridge                               Oasis Coral                                   North
   – Hyatt Main Street Station          Marriott’s Club Son Antem              Oasis Lanz Club                             – Westin Kierland Villas
   – Hyatt Mountain Lodge               Marriott’s Custom House                Ocean Beach Club                            – Westin Lagunamar Ocean Resort
   – Hyatt Piñon Pointe                 Marriott’s Cypress Harbour             Ocean Landings Resort and Racquet           – Westin Los Cabos Ocean Villas
   – Hyatt Siesta Key Beach             Marriott’s Desert Springs Villas          Club                                     – Westin Mission Hills Resort
   – Hyatt Sunset Harbor Resort         Marriott’s Desert Springs Villas II    Omni Cancún Hotel & Villas                    Villas
   – Hyatt Wild Oak                     Marriott’s Fairway Villas at Seaview   Orange Tree Interval Ownership              – Westin Princeville Ocean Resort
   – Hyatt Windward Pointe              Marriott’s Florida Club                   Resort, The                              – Westin Riverfront
   – Northstar Lodge, a Hyatt              – Marriott’s Beach Place Towers     Oyster Bay Beach Resort                     – Westin St. John Resort and
     Residence                             – Marriott’s Grande Vista           Palace View South                             Villas, The
   – Residences at Park Hyatt Beaver       – Marriott’s Legends Edge at Bay    Palm Canyon Resort and Spa               Steele Hill West
     Creek                                   Point                             Palm Oasis                               Stormy Point Village – Summerwinds
ILX Premiere Vacation Club                 – Marriott’s Ocean Pointe           Panareti’s Royal Coral Bay Resort           Resort
   – Bell Rock, Sedona                     – Marriott’s Villas at Doral        Paradise Beach Villas                    Suites at Polo Towers, The
   – Carriage House, The                Marriott’s Frenchman’s Cove            Paradise Village Beach Resort & Spa      Sun Hills Suites
   – Golden Eagle at Crags Lodge        Marriott’s Grande Lakes                Parkway International Resort             Surfside Resort
   – Inn at Los Abrigados, The          Marriott’s Grande Ocean                Pelican Resort Club                      Surrey Grand Crowne Resort, The
   – Kohl’s Ranch Lodge                 Marriott’s Grande Vista                Peninsula Beach Resort                   Tahiti
   – Roundhouse Resort                  Marriott’s Harbour Lake                Planet Hollywood by Westgate             Tahiti Village
   – Sea of Cortez Beach Club           Marriott’s Harbour Point at Shelter    Playa del Sol Costa Sur (North Tower)    Tanglewood Vacation Villas
   – Sedona Vacation Club at Los           Cove                                Playa del Sol Grand                      Tenerife Royal Garden
     Abrigados Resort and Spa           Marriott’s Kauai Beach Club            Quarter House, The                       Thunderbird Resort Club
48

Townes at King’s Creek Plantation, The   Village at Izatys, The                  – Coffs Harbour                      – Kona
Trapp Family Lodge & Guest Houses        Villas at Polo Towers, The              – Coolangatta                        – La Paloma
Turtle Cay                               Villas at Tree Tops, The                – Denarau Island                     – Lake Chelan Shores
Vacation Internationale                  Villas at the Boardwalk                 – Flynn Beach                        – Lake of the Ozarks
   – Clock Tower at Whistler, The        Villas on the Green at The Welk         – Golden Beach                       – Lake Tahoe
   – Elkhorn Resort at Sun Valley           Resort                               – Kirra Beach                        – Las Vegas
   – Embarcadero Resort                  Waterman Holiday Club                   – Pokolbin                           – Leavenworth
   – Fairway Villa                       Westgate Blue Tree                      – Port Macquarie                     – Marina Dunes
   – Hololani                            Westgate Branson Lakes at Emerald       – Port Stephens                      – Mariner Village
   – Kapaa Shore                            Pointe                             WorldMark, the Club                    – McCall
   – Kihei Kai Nani                      Westgate Branson Woods                  – Angels Camp                        – Port MacQuarie
   – Kingsbury of Tahoe                  Westgate Flamingo Bay Club              – Arrow Point                        – Oceanside Harbor
   – Kittyhawk Resort                    Westgate Historic Williamsburg          – Bass Lake                          – Orlando
   – Oasis Villa Resort                  Westgate Lakes Resort                   – Bear Lake                          – Palm Springs
   – Oceanside Marina Inn                Westgate Miami Beach                    – Big Bear                           – Pinetop
   – Papakea                             Westgate Myrtle Beach                   – Birch Bay                          – Pismo Beach
   – Pines at Sunriver, The              Westgate Palace                         – Bison Ranch                        – Port Stephens
   – Point Brown Resort                  Westgate Park City Resort and Spa       – Branson                            – Rancho Vistoso
   – Pono Kai                            Westgate Smoky Mountain Resort at       – Cairns                             – Reno
   – Royal Kuhio                            Gatlinburg                           – Canadian, the                      – Running Y
   – Sea Mountain                        Westgate Towers                         – Cascade Lodge                      – Schooner Landing
   – Sea Village                         Westgate Town Center                    – Clear Lake                         – Seaside
   – Tahoe Beach and Ski Club            Westgate Vacation Villas                – Coolangatta                        – South Shore
   – Torres Mazatlán                     Westwood at Split Rock                  – Coffs Harbour                      – Spencer Street
   – Vallarta Torre                      Williamsburg Plantation                 – Coral Baja                         – St. George
   – Valley Isle Resort                  Willowbrook at Lake Harmony             – Denarau Island                     – Steamboat Springs
   – Village at Steamboat, The           World International Vacation Club       – Depoe Bay                          – Sundance
   – Villas de Santa Fe                     – Casa de la Playa                   – Discovery Bay                      – Surfside Inn
Vacation Village at Bonaventure             – Conchas Chinas                     – Dolphin Cove                       – Valley Isle
Vacation Villas at FantasyWorld             – Coral Mar                          – Eagle Crest                        – Victoria
Vacation Villas at FantasyWorld Two         – La Paloma                          – Galena                             – Windsor
Varsity Clubs of America                    – Mar Azul                           – Gleneden                           – Wolf Creek
   – South Bend Chapter                     – Villacana                          – Golden Beach                     Zuana Beach Resort
   – Tucson Chapter                      WorldMark South Pacific Club             – Grand Lake
Villa del Palmar                            – Ballerat                           – Kapaa Shore
Villa del Palmar-Cabo                       – Cairns                             – Kihei
Villa Roma Resort Lodges                    – Cape Schank                        – Kirra Beach



RESORTS WITH 500 – 999 MEMBERS

Absolute Private Residence Club             – Palm Desert                      De Vere Resort Ownership at          Kaanapali Beach Vacation Resort
Aruban Resort & Casino at Eagle             – The Aspens                          Cameron Woods                     La Quinta Beach Resort
   Beach, The                               – Tremblant                        De Vere Resort Ownership at Slaley   La Renaissance
Atlantic Club Hotel Tierramar            Club La Paz                              Hall                              Lagos de Fañabe
Atlantic View                            Club La Pension                       Doha Hills                           Lakeside Terrace in the Vail Valley
Atrium Resort, The                       Club Louka                            Dunes Hotel & Beach Resort           Lakeview Resort Club
Avalon Reef Club                         Club Monte Anfi                        Eilat Club Hotel                     Las Olas Resort
Banff Rocky Mountain Resort              Club Premiere Four Seasons            Equivest Riverside Suites            Laurel Crest Resort
Bay & Beach Club                            – Soleil La Antigua                Es Pueto at Aldea Bonsai             Lifetime Vacation Club at Miraflores
Bay Club Condominiums, The                  – Soleil Pacifica                   Esmeralda Beach Club                 Manhattan Club Penthouse Suites,
Beach Palace                             Club Royal                            First Cabin Club                        The
Beachside Village                           – King Solomon’s Palace Hotel      Four Seasons at Fairways             Grand Oasis Marien
Breakers Resort                          Club Systéme Vacances                 Four Seasons Residence Club          Marriott’s Harbour Club at Harbour
Cabo San Lucas Beach and Tennis             – Club Callao Garden                  Scottsdale                           Town
   Club                                     – Club Calypso                     Gålå Fjellgrend                      Marriott’s Imperial Palm Villas
Calabogie Peaks Resort                      – Club La Mar                      Gold Point Condominiums              Marriott’s Lakeshore Reserve
Canadian Resorts                            – Club Marítimo at La Ronda III    Golden Sands Island Residence Club   Marriott’s Sunset Pointe at Shelter
   – La Querencia Resort                    – Oasis Club                       Grand Okanagan Resort, The              Cove
   – Marparaiso Queen                       – Parque Albatros                  Halland International Resort Club    Masters at Paradise Canyon Resort,
   – Villas del Palmar                      – Pueblo Canario                   Harbortown Point Marina Resort &        The
Captain Morgan’s Vacation Beach             – Quality Suites Airport Bangkok      Club                              Maui Banyan Vacation Club
   Club                                     – Vera Beach Club                  Holiday Owners Club                  Mendihuaca Caribbean Resort
Captain’s Quarters at Surfside           Clube Praia da Oura                      – Devoncourt                      Mexicana Sharm
Carolina Club, The                       Coconut Palms Beach Resort –             – Hever Golf and Country Club     Misiones del Cabo Vacation Club
Casa Dorada at Medano Beach                 Fishtail                                Hotel                           Mountainside Lodge
CasaBlanca Vacation Club                 Colonial Acres Resort                    – Long Beach Club                 Nautical Mile Resort &
Chalet High/Chalet High North            Colonial Village                      Hono Koa Vacation Club                  Condominiums, The
Church Street Inn, The                   Condominio Solamar Inn                Hotel and Club Aladino’s             Oasis Canoa
Cliffs Club, The                         Corail Royal Marina                   Hotel El Castellano                  Options by Macdonald
Club Cascadas de Baja                    Costa Sal                             Hotel Fiesta                            – Dalfaber Resort
Club Chalet of Gatlinburg                Cranberry Waterfront Suites &         Hotel Santa Clara                       – Dalfaber Resort Chalets
Club Hotel Tiberias                         Country Club                       Imperial Fiesta Club Casa Maya          – Doña Lola Resort
Club Intrawest                           Daytona Beach Regency                 Imperial Hawaii Resort Club             – Elmers Court Country Club II
   – Blackcomb                           De Vere Resort Ownership at Belton    Imperial Hawaii Resort Club II          – Elmers Court Country Club and
   – Kauai                                  Woods                              Inn at the Opera, The                     Resort
                                                                                                                                                           49

   – Forest Hills Hotel and Resort       Riviera Beach and Spa Resort            Signum Las Palmas                       Turangi Leisure Lodge
   – Forest Hills Hotel and Resort II    Royal Aloha Vacation Club               Southwinds Beach & Racquet Club         Vacation Village at Bonaventure
   – Loch Rannock Hotel and Resort          – Butterfield Park Condominiums       St. Augustine Beach & Tennis Resort        Phase II
   – Lochanhully Resort                     – Keauhou Kona Surf & Racquet        Starr Pass Golf Suites                  Vacationland Estates
   – Leila Playa Resort                       Club                               Steele Hill East                        Villagio Olympico
   – Plas Talgarth Resort                   – Lake Tahoe                         Summit at Four Seasons, The             Villas at Fairway, The
   – Villacanna Resort                      – Eagles Nest Resort at Indian       Swallowtail at Sea Pines                Villas of Cave Creek
Paradise Island Beach Club                    Point                              Tahoe Seasons Resort at Heavenly        Villas of Gold Canyon, The
Parque del Sol                              – Nueva Andalucia                       Valley                               Viva Wyndham Playa Dorada
Playa Linda Beach Resort                    – Torre Blanca, The                  Thurnham Vacation Club                  Voyager Beach Club
Ponds at Foxhollow, The                     – Village By The Sea                    – Anderton Marina                    Westgate South Beach
Pono Kai, The                               – Waikiki                               – Club Brittania                     Windsurf Resort I
Regency at Paradise Court                Royal Islander Club La Plage, The          – Cromer Country Club                Woodbourne Estates Resort
Residence Paris XV                       Royale Beach & Tennis Club                 – Thurnam Hall                       Yucca Park
Rincón de Los Andes                      Sea Aquarium Resort, The                Topaz Beach Club
Rincón del Este                          7 Mile Beach Resort                     Treetops Village at Four Seasons,
Ridge Crest – A Quintus Resort, The      Sheraton Vistana Resort                    U.S.A.


RESORTS WITH 250 – 499 MEMBERS

Akiris                                   Cold Spring Resort                      Jupiter Beach Resort                    Plantation Village Beach Resort
Alessidamo Club                          Colonies at Williamsburg, The           Killarney Country Club                  Plaza Resort and Spa, The
All Seasons Vacation Resort              Coral Beach Resort                      Kingfisher Club                          Poipu Point Vacation Resort
Amara Lifetime Resort                    Coral Reef Beach Resort                 Kingsbury Crossing                      Polynesian Isles Resort
Apollo Park at Vail                      Costa Linda                             Kololi Beach Club                       Redington Ambassador
Bagaglino Resort Group                   Cove at Ormond Beach, The               Kona Islander Vacation Club             Résidence Yasmine Plaza
   – Bagaglino – Catturani               Crown Spa Resort Hainan, China          Lady Luck Resort Casino                 Resort Club at Minerals Resort &
   – Bagaglino – Des Alpes 2                Worldbest                            Lago Vista at Buenaventura Lakes           Spa, The
   – Bagaglino – Hotel La Posta          Deer Run Resort                         Lagonita Lodge – Phase II               Ridge Point Resort, The
   – Bagaglino – I Giardini di Porto     Desert Breezes Resort                   Laguna Golf and Country Club            Ridge Sierra, The
     Cervo                               Devoncourt                              Laguna Holiday Villas                   Ridge View, The
   – Baggaglio – Le Ville del Lido       Dive Inn Resort                         Lakeland Village, The                   Royal Palm Beach Club
   – Bagaglino – Villa Laguna            Dutch Village, The                      Lakeside Terrace in the Vail Valley     Royal Palm Club
Banyan Resort, The                       Eagle’s Nest                            Lanzarote Beach Club                    Reef Resort, The
Bay Club, The                            Eagles at Sugarbush                     Laugharne Park                          San Clemente Cove Resort
Beacons of Minocqua, The                 Eastwood at Provincetown                Links Golf and Racquet Club             Sapphire Beach Resort and Marina
Bighorn Meadows                          El Moro Tower El Cid at Mazatlan        Lion’s Gate Pines Lodge                 Sauce Alto Resort and Country Club
Bishop Selwyn, The                       Erie Islands Resort & Marina            Little Bay Beach & Racquet Club         Sea Scape Beach & Golf Villas
Blue Bay Village                         Fairmont Estates Condominiums           Little Bay Beach & Racquet Club –       Seasons Resort, The
Blue Paradise Resort & Marina            Fairmont Vacation Villas at Riverview      Phase 2                              Sedona Vacation Club at Los
Breezes Punta Can VIP Club & Beach       Falls Village Resort, The               Lloyd’s Club                               Abrigados
   Resort                                Ferienclub Eichenhof                    Los Tinajeros Resort                    Shawnee Depuy Village Phase II
Calampiso                                Ferienclub Privilège                    Macdonald Doña Lola                     Shawnee Fairway Village
Calypso Plaza on Coolangatta             Fisherman’s Village Resort Club         Macdonald Villacana Resort              Shawnee River Village One
Cape Winds Resort                        Four Seasons Country Club               Marina El Cid Hotel and Yacht Club      Shell Vacations Club
Casa Del Mar Beach Resort                Foxrun                                  Marine Terrace                             – Inn at the Opera
Causeway on the Gull                     Freeport Resort & Club                  Marriott’s Grand Residence, Tahoe          – Kona Coast Resort Interval
Chateau Dale Vacation Club               French Lick Springs Villas              Marriott’s Heritage Club at Harbour          Ownership
Chateau Orleans                          Gran Dominicus                             Town                                    – Kona Coast Resort Phase II
Chayofa Country Club                     Grand Canadian Resort Vacation Club     Miraflores Vacation Club                    – Orange Tree Interval Ownership
Club Asia International                  Grand Lodge on Peak 7, The              Moosehead Cottage Resort                     Resort
   – Bukit Saban Resort                  Gruphotel Club Marina Arpón             Morro Mar Vacation Club                    – Suites at Fisherman’s Wharf
   – Damai Rainforest                    Gruphotel Club Riviera                  Mountainside Villas at Massanutten         – Starr Pass Golf Suites
   – Royal Mulu Resort                   Harbour Lights                          Naema Heights                           Sheraton Mountain Vista
Club Cordial                             Harbourview Villas at South Seas        NorthBay at Lake Arrowhead              Shore Crest Vacation Villas
   – Cordial-Hotel Achenkirch               Resort                               Northeast Vacations. Inc.               Southcape Resort & Club
   – Cordial-Hotel Going                 Havasu Dunes                            Northwoods Club of Lake Placid          Spinnaker at Lake Dillon
   – Cordial-Hotel Reith bei Kitzbühel   Hawaiian Princess at Makaha Beach       Oasis Club                              Steele Hill Resort
   – Cordial Residence “Il Pelagone’     High Point World Resort                 Ocean Club at Atlantic Inn, The         Stoneridge Condominiums
     Toscana                             Hippocampus Viña del Mar Resort &       Ocean High                              Stormy Point Village Resort
   – Cordial Sanotel Badgastein             Club                                 Oceanique Resort                        Suites at Fisherman’s Wharf, The
   – Cordial Theaterhotel Salzburg       Holiday Owners Club                     Palace View by Spinnaker                Sun Pond Holiday Club
   – Cordial Theaterhotel Wien           Highlands at Sugar, The                 Paradise Point Resort                   Sunningdale Village
Club Del Carmen                          Hollywood Beach Tower                   Park Plaza Resort                       Sunset Point at StillWaters Resort
Club Dolmen By The Sea                   Hostería del Lago                       Park Regency, The                       Sunset Resorts-Canmore
Club 52                                  Hotel Club Fured                        Playa del Sol Costa Sur (South Tower)   Surfsider
Club Flipper                             Hotel de l’Eau Vive                     Peninsula Island Resort and Spa         Swallowtail at Sea Pines
Club Louka                               Hotel Mansion Tarahumara                Peninsular Club at La Manga Club        Swiss Mountain Village
Club Orlando                             Hotel Puerta del Mar                    Perennial Vacation Club                 Tangalooma Island Resort
Club Puerto Atlantico                    Hippocampus Viña del Mar Resort &          – Bandera                            Torre Verde – Três Castelos
Club Residence Capopiccolo                  Club                                    – Daytona                            Treetop Condominiums at Four
Club Sea Oats                            InnSeasons Resorts South Mountain          – Fun Tropicale                         Seasons, U.S.A.
Club Sevilla                             Iron Blosam Lodge                          – Imperial Lakes                     Twin Rivers Condominiums
Club Tropicana                           Island Village                             – Tahoe Village                      View Talay Villas Holiday Resort
Coconut Beach Resort                     Jolly Harbour Beach Club                Pirayu                                  VIK Hotel Cayena Beach
50

Villa del Palmar Flamingos             Villas Nacazol                           – Lawrence Welk Desert Oasis      Westgate Painted Mountain Golf
Village at Palmetto Dunes, The         Waikiki Banyan, The                      – Lodges at Timber Ridge Welk       Resort
Village at the St. James’s Club, The   Water’s Edge Resort                        Resorts Branson, The            Westgate River Ranch
Village Resort, The                    Welk Resorts Platinum Program            – Villas on the Greens            Yachtsman Resort, The
Villas Loma Linda                         – Lawrence Welk Resort                – Welk Resorts Mountain Villas


RESORTS WITH 101 – 249 MEMBERS

Aldea Valle Encantado                  Club at Cape Cod, The                  Flamingo Marina Resort Hotel &      Little Sweden
Alexandra Resort                       Club Azúr                                  Club                            Lodge Resort, The
Aloha Gardens                          Club Cala Vadella                      Floriday’s Orlando Resort           Logos Land Resort
Alpenresidenz Bad Gastein              Club Canaima Playa                     4 Seasons at Beech Mountain         Loma Bonita
Amatique Bay Resort & Marina           Club De Mar                            Franz Klammer Lodge                 Longboat Bay Club
Apartur Bariloche                      Club Delta                             Fuente Real Resort                  Loreley
Apart Holidays                            – Club Mykonos II                   Fun & Adventure Club                Los Sabalos Royal Club
Apartur Buenos Aires                      – Govino Bay                            – Erlebnishotel Liebnitzmuhle   Macdonald Dalfaber Resort
Aruba Beach Club                          – Kouros Village                        – Erlebnishotel Nová Amerika    Macdonald Loch Rannoch Hotel and
Aspens and Aspen Village, The             – Porto Carras                      Gold Canyon Golf Resort Vacation       Resort
Atlantic Beach Casino Resort              – Villea Village                        Villas                          Macdonald Plas Talgarth Resort
Bahia Manzano                          Club El Velero                         Golden Palms Hotel and Spa          Manteo Beach Club
Balboa Club                            Club Es Talayal                        Grand Oasis Punta Cana Vacation     Marathon Key Beach Club
Barceló Los Cabos                      Club Flamingo                              Club                            Marina Village at Snug Harbour
Barnsdale Country Club                 Club MenDan                            Great Links Red                     Marinagolf
Barrington’s Royal Golf and Fitness    Club No. 1 Nice Côte d’Azur            Hacienda El Eden Resort             Mariner’s Boathouse & Beach Resort
   Club                                Club Ocean Villas II                   Hammocks, The                       Mariner’s Point Beach Club
Bay Club of Sandestin                  Club Pacific Queenstown                 Harbor Landing Condominiums         Maritime Beach Club
Beach Club at Montego Inn, The         Club Pacific Westharbour                Harbor Vacations Club               Marriott’s Asia Pacific Membership
Beach House Golf & Racquet Club        Club Paihia                            Harborside Inn                         Club
Beachcomber Resort Club, The           Club Quinta del Mar                    Harbour Beach Resort                Marriott’s St. Kitts Beach Club
Blackbird Lodge Timeshare Program      Club Royale at Lubina Sol              Harbour Town Yacht Club             Meadow Ridge
Bogmallo Beach Resort                  Commodore Beach Club                   Hawks Nest                          Miraflores Beach & Country Club
Boyne Vacation Club                    Compart VIP Gesell                     Hever Hotel and Country Club        Morro Mar Vacation Club
   – Alpenglow                         Condominio Gran Hotel Pucon            Highland Estates Resort             Mountain Club at Kirkwood, The
   – Arthur Hills Townhouses           Condominio Porto Bello Marina &        Holiday Beach Resort                Mountainview Resort
   – Big Horn                             Villas                              Horizon Touristic Resort            Multigestion
   – Big Sky Resort                    Costa Maya Reef Resort                 Hostería del Cerro                     – Domaine de Garlande
   – Cottages at Crooked Tree          Cottages at Port Stanton, The          Hotel Aguamarina                       – Les Coteaux de la Nartelle
   – Deer Lake Villas                  Crown Point Condominiums               Hotel Cola de Caballo                  – Les Marines de Grimaud
   – Disciples Ridge                   Crown Regency Vacation                 Hotel Eigerblick                       – Les Terrasses de Théoule
   – Grand Summit                         – Crown Regency Hotel               Hotel Le Marrakech                     – Multivacances Avoriaz
   – Highlands Resort                     – Crown Regency Residence           Hotel Oasis Atlantic                   – Reberty Les Menuires
   – Hemlock                              – Crown Regency Suites              Hyatt Grand Aspen                      – Résidence de Rochebrune
   – Inn on Bay Harbor                 Croyde Bay Holiday Club                I Giardini di Porto Cervo              – Résidence Emeraude
   – Jordan Grand                      Cypress Pointe Resort                  Illetas Club Playa                  Naema Heights
   – Lakeside Cottages                 Dana Beach                             Illetas Club Playa – Bougainville   Neptune Vacation Club
   – Log Cabins                        Daytona Resort & Club                  Imperial Fiesta Club Casa Maya      Newport Beachside Resort
   – Mountain Grand Lodge              Destinations Asia Pacific               Inns at Waterville Valley, The      Newport Bay Club, The
   – Powder Ridge                         – Radisson Bali                     Island Park Village Resort          Nordvind Resort
   – Ross Cottages                        – Radisson Resort Palm Meadows      Islander Beach Resort               Northstar Mountain Village
   – Shoshone                          Diar Lemdina                           Itacare Parque & Eco Resort         Oakmont Resort Limited
   – Stillwater                        Discovery Beach Resort                 Jamaican on the Gulf                Ocean Club on Smuggler’s Beach, The
   – Sugarloaf                         Divi Heritage                          Jambo Vacation Club                 Ocean Palms Beach Club
   – Village Center                    Dover Watch at Mount Snow                  – Club Capopiccolo              Ocean Reef Resort
Bosques de Monterreal                  Dubai Lagoon Vacation Club                 – I Giardini di Atena           Ocean Towers Beach Club
Bovedas de Santa Clara                 Eagles at Sugarbush                    Jolly Beach Vacations               Oceancliff I & II
Brewster Green                         Eden Bay Resort                        Keswick Bridge                      One Napili Way
Briggs Ranch Vacation Club             Edificio Palm Beach                     Kilconquhar Castle Estate and       Orient Touristic Development
Cala Corvino Club II                   El Quijote Inn                             Country Club                    Orlando Breeze Resort Club
Capistrano Surfside Inn                Elani Bay                              Gruphotel Club Aldea del Mar        Palace Ponte Di Legno
Carriage House, The                    Elimar Ocean View                      Gruphotel Club Gemelos 15           Palm Beach Holiday Club
Carriage Place at Surrey Vacation      Embarcadero Pacifico                    Gruphotel Club Tarter               Palm Springs Tennis Club
   Resort                              Embassy Vacation Resort                La Orquídea                         Paradise Holiday Resort
Casa del Lago                          Englewood Beach and Yacht Club         La Quinta at La Manga               Paradise Mombaso
Casa Metz                              Equivest Inn On The Harbor             Lagonita Lodge                      Paraíso del Sol
Casa Ybel Beach and Racquet Club       Equivest Ocean Gate                    Lake Forest Resort and Club         Parque da Floresta Golf and Leisure
Casablanca                             Estancia Apartur Mar del Plata         Lakewood Resort                        Resort
Catalina Beach Club                    Estero Island Beach Club               Lapinniemi                          Pelican Marina Residences
Cathedral Ledge Condominium            EMI Sun Village Beach Resort           Le Mirage                           Pestana Alvor Hotel
   Resort                              Executive Timbers Resort and Golf      Le Relais de Noisy                  Pivko Village
Cerritos Resort                           Club                                Le Relais du Plessis                Plantation Beach Club
Christmas Mountain Resort              Fairmont Hot Springs Resort            Le Ville del Magara                 Playa Maria Beach Club
Cispata Marina Hotel                   Fairways and Bluewater Resort Golf &   Lighthouse Cove                     Playa Maroma
Clowance, Clowance House                  Country Club                        Limetree Beach Resort               Plaza Resort at Palmas del Mar
Club Armonia                           Fairway Forest                         Lindo Mar Adventure Club            Pointe on the Bay, The
                                       Farallón                               Lion Resorts – Club Alias           Port Largo Villas Resort
                                                                                                                                                      51

Poste Montane Lodge                      – Moliets                           Sheraton Broadway Plantation           Veranda Beach Club
Pousada do Portal de Paraty              – Village Cap Coudalére             Sheraton Desert Oasis                  Victoria Court I & II
Prospect Reef Resort Vacation Club    Residenza Torre Rinalda                Sheraton PGA Vacation Resort           Villaggio Cala Mancipa
Pueblo Caribe International Beach     Resorts West Vacation Club             Snowater                               Villaggio Torre Macauda
   Resort                                – Cabana Club Condominium           Sosua By The Sea                       Villas at Flying L, The
Puerto Encantado                         – Embarcadero Resort                Spirit Ridge Vineyard Resort and Spa   Villas at Lantern Bay
Puerto Mogan La Venezia de               – Kala Point Village                St. James’s Place                      Villas El Rancho Exclusive Vacation
   Canarias                              – Snowater                          St. Maarten Sea Palace                    Club
Quadna Mountain Resort                   – Surfside Inn                      Steamboat Landing                      Villas Mar-Bel
Quality Hill Resort Villas               – The Inn at Silver Creek           Summerfield Condo Resort                Villas of Loma Linda, The
Regency Palms                         Rhinefield House                        Sunscape Casa del Mar                  Villas Playa Samara
Regency Villas at Broome Park         Ridge Resort, The                      Surfside Inn                           Vistana’s Beach Club
Residence Berghof                     Royal Dunes Resort                     Sweetwater Park City Lift Lodge        Warner Springs Ranch
Residence Club Seaside                Royal Golf Resort                      Tamarack Beach Resort                  Westgate River Ranch
Résidence Liscia di Vacca             Saint Tropez Condominium               Tanglewood Resort                      Westgate RVS at Orlando
Residencial Itapema Vacation Club     San Clemente Inn                       Tattershall Park Country Club          Westgate RVS at Orlando II
Résidences Pierre et Vacances         San Francisco Suites                   Tenerife Sun Club                      Whaler Inn Beach Club
   – Avoriaz                          San Luis Bay Inn                       Tierra Verde Island Resort             Wharf, The
   – Belle Plagne                     Sandy Point Beach Resort               Topsider I Resort                      White Sands Beach Club
   – Cannes Villafrancia              Sandstone Creek Club                   Torch, The                             White Sands Country Club
   – Cap d’Ail                        Schooner Beach and Racquet Club        Tortuga Beach Club                     White Sands of Longboat
   – Cap Esterel                      Schooner II Beach and Racquet Club     Traders Inn Beach Club                 Willow Valley Resort
   – Le Port du Bourgenay             Scottsdale Camelback Resort            Tree Tops Resort of Gatlinburg         Windward Passage Resort
   – Le Port du Crouesty              Seagull Beach Club                     Vail Run Resort                        Winners Circle Beach & Tennis
   – Les Coches                       Seawinds II Condominium                Varsity Clubs of America – Tucson         Resort
   – Les Parcs de Grimaud             Sedes Vacation Club                       Chapter                             Wintergreen at Midway
   – Méribel                          Shawnee Depuy Village                  VCI at Land and Park House, Phuket



RESORTS WITH 1 – 100 MEMBERS

Ahlen Village                         Belize Legacy Beach Resort             Casa Vida                              Club Playa Vista
Ähtãri Loma-Club                      Belize Vacation Club                   Casablanca Vacation Suites (Villas)       – Lubina Sol
Al Marsa Fouka Resort                 Bellasera Tuscan Villas and Piazza     Casitas del Monte                         – Pueblo Don Miguel
Alf Leila Wa Leila                    Berkshire by the Sea                   Castle View                               – Torre Oceano
Alia Club                             Berkshire on the Ocean, The            Causeway on the Gull                   Club Pazo de Rio
Alii Kai II                           Big Bear Resort and Lodge              Cedar Lake Country Club                Club Regency at Regency Towers
Aloha Villas Owners Club, Marbella    Bilmar Beach Resort Condominium        Cedar Village                          Club Resort La Boheme
AlpeAdria Club                        Bintan Lagoon Resort                   Chalet High South                      Club Royal Regency
Amapolla Vacation Club                Birdland Home and Holidays             Channel Island Shores                  Club Ruyakent
Amarras                               Blue Ridge Village                     Chapare Tropical Resort                Club Sol del Este
Amathus Vacation Club at Aphrodite    Blue Water Acres                       Chapel Stile at Langdale Estate        Club Sol y Vista
    Hills                             Blue Water Resorts at Guanahani        Charm and More Club                    Club Sol Mar Del Plata
Anchorage Resort & Yacht Club            Village                             Charter Club Resort on Naples Bay      Club Sultán de Marbella
Andorra II                            Boambee Bay Resort                     Cherry Tree Condo Hotel                Club Tahiti II
Angsana Resort and Spa                Boardwalk One                          Chetola Resort                         Club Tahoe Resort
Apartur en el Valle de las Leñas      Bonita Resort and Club                 Christie Village                       Club Tiara
Apartur Mountain Club                 Borgata Lodge at Quail Ridge Resort,   Christmas Mountain Village             Club Unicum
Apple Valley Resort                      The                                 Ciel et Logis Invest I                 Club Vacacional en la Torre Azúl
Aquamarina Suites                     Brandermill Resort & Marina            Classic Cruisers                          Fontan
Arcobaleno                               Timeshare                           Clermont                               Clube do Mónaco
Aspen Ridge                           Brant Point Courtyard                  Clermont Pinamar                       Clube Hotel do Algarve
Atalaya Towers                        Brantridge Park                        Club Ambassador                        Coconut Bay Resort Condominium
Atlantic Beach Casino Resort          Bresmay Vacation Club                  Club Baccara                           Coconut Mallory Marina and Resort
Atlantic Beach Villas                 Briarwood                              Club Biodorf Bad Waltersdorf           Coconut Palms Beach Resort
Atlantic Terrace                      Brockway Springs Resort                Club Buena Vista                       Colibri Beach Club – Porlamar
Atlantica Princess                    Bungalows Los Robles                   Club Calypso                           Colinas del Faro
Auramar Beach Club                    Burn Park Country Club                 Club Casablanca                        Condominio da Lagoa
Avalon Grand Panama                   Cabana Club Condominium                Club del Bosque                        Condominio Week Inn
Azure Sky Resort                      Calabogie Highlands Vacation Villas    Club Donatello                         Condorama International at Monte
Bali Gardenia Resort                  Calinda Club Travelers Plus            Club El Moro                              Ste. Anne
Bali Grande Resort Vacation Club      Calini Beach Club                      Club Elite Vacation at La Fenice       Corfu Resort
Banana Palms Marina and Resort        Catta Rossa                               Resort                              Costa Blanca del Pacífico
Barra Palace                          Camelot by the Sea                     Club Flamingo                          Costa Bonita Condominium and
Barrncas del Este – Estacion Bosque   Canada House Beach Club                Club Gran Dorado                          Beach Resort
Barrancas del Este – Estacion Mar     Canary Islands Holiday Club            Club Imperial Park                     Costa del Sol Resort
Batam View Beach Resort               Cancún Clipper Club                    Club La Costa alpine Centre            Costa Sul Beach Resort
Bayerischer Hof Residenz              Canyon Woods Grande International      Club La Costa at Las Farolas           Cottages at South Seas Plantation
Beach Club at St. Augustine              Vacation                            Club Marina Tenerife Sur               Country Club Villas
Beach Club I                          Cape Cod Holiday Estates               Club Mondial International             Country Vacation Villas (Amador)
Beaches Sandy Bay                     Capri by the Sea                       Club Mykonos II                        Crystal Suites Apartments
Beach Condominiums, The               Capri Waters Country Club              Club Noosa Timeshare Resort            Cypress Pointe Resort II
Bear Lake Timeshare                   Caribbean Beach Club                   Club Orlando                           Dana Inn Resort Pousada Tabatinga
Beaver Village Condominiums           Caribe Beach Resort                    Club Patara                            Days Suite Jumbo
Bedford Hotel                         Casa Velas Hotel Boutique              Club Playa Blanca                      Daytona Beach Regency
52

Deckshare Club at Anderton Marina      Gaslamp Plaza Suites                 Inn at Los Abrigados, The                Lodges at Cresthaven
Deerhurst Residences                   Georgian Inn Beach Club              Inn at Pelican Bay                       Lodges at Fox Hollow Lake, The
Deerhurst Resort                       Girolamar Beach Club                 Inn at Silver Lakes, The                 LomaSirmakka
Del Rio Country Club                   Golden 5 Resort                      Inn at SilverCreek, The                  Long Bay Beach Resort and Villas
Divi St. Croix Beach & Racquet Club    Golden Shores Holiday Club           Inn at Tamarisk                          Los Delfines Golf & Country Club
Dolphin Beach Club                     Golf Beach Hotel Tabarka             Inverness at Walden – Phase II           Los Indios
Domaine Mont Sainte-Anne               Golf Hotel Punta Ala                 Irotama XXI                              Los Pájaros
Donato House Hotel, The                Gomera Palms Beach Club              Isla Dorado                              Los Tajibos Vacation Club
Don Pancho Beach Resort                Gran Hotel Huatulco                  Island Gulf Resort                       Macdonald Dalfaber Resort Chalets
Dorisol Vacation Club International    Grand Hotel Misurina                 Island Links Resort                      Macdonald Elmers Court Country
   – Ancorar Suite and Beach Hotel     Great Bay Beach Hotel & Casino       Jackson Hole Racquet Club Resort            Club & Resort
   – Fortaleza Grand Hotel             Greens at Copper Creek, The          Jackson Hole Towncenter                  Macdonald Elmers Court Country
   – Florasol Hotel                    Gulf Pointe Intervals, Inc.          Jan Theil Resort                            Club II
   – Recife Grand Hotel                Gulf Stream Beach Resort             Jean Lafitte House                        Macdonald Forest Hills Hotel and
Double JJ Resort                       HHoliday Vacation Club               Jerusalem Gold Hotel                        Resort
Dream Plaza Vacation Club              Habitat 2000 Timeshare               Kaanapali Keys at Papakea Beach          Macdonald Leila Playa Resort
Dunes Village Resort                   Hainan Resort                        Kahlua Beach Club                        Maison Pierre Lafitte
Durango Riverside Resort & R.V. Park   Hamilton Harbor Resort               Kala Point Village                       Maisons Hollywood
Eagle Crest                            Harbor at Depoe Bay, The             Kalajoki                                 Malolo Lai Lai Lagoon Resort Club
Eaglewood at Ruttger’s Sugar Lake      Harbor Club – a Villa Resort, The    Kamaole Beach Club                       Mandalay Shores Resort
   Lodge                               Harbourside II                       Ke Nani Kai                              Mansión del Río
Edgewater Resort                       Heffley Boutique Inn                  Kermikkä                                 Marbella Suites
Edificio Amarilis                       Heidelberg Inn                       Ketch Court Resort                       Marblewood Village
Edificio Rambla                         Herod’s Residence                    Kimball, The                             Mares Marmaris
Edinburgh Residence                    Hideaway Sands Resort                Kingfisher Inn                            Marina Club
Eduard’s Hotel Suites & Resort         Hilton Craigendarroch Resort         Kingswear Park                           Marina Palace
El Bergantín Menorca Club              Hipocampus Resort                    Kona Reef                                Mariner Shores Resort & Beach Club
El Kantaoui                            Holiday Club Airisto                 Kulta-Katti                              Marlin Quay
El Ocotal                              Holiday Club Åre                     Kuleana Club, The                        Marriott’s Grand Residence, Tahoe
El Peñon Inn                           Holiday Club Calahonda               Kultakivi                                Marriott’s Grande Vista Resort
El Pueblito Beach Resort               Holiday Club Kuusamo                 Kyriad Torcy                             Marriott’s Ocean Pointe
Elterwater Hall at Langdale Estate     Holiday Club Pyhä                    L’Eyssina                                Marriott’s Villas at Doral
Emerald Grande at Harborwalk Village   Holiday Club Resorts                 La Boca Casa                             Marsa Alam
Equivest Bay Voyage Inn                Holiday Club Ruka                    La Casa Cottage Resort                   Marti Vacation Club at Marmaris
Equivest Lightfoot Plantation          Hollywood Beach Hotel                La Ermita                                Marti Vacation Club at Tekirova
Equivest Sands                         Hostería Bellavista Vacation Club    La Piana                                 Mary’s Boon Beach Plantation
Escapes! to Greens at Bella Vista      Hosteria del Lago                    La Rosa dei Venti                        Matecumbe Resort
Escapes! to Hot Springs                Hotel Acapulco Malibu                La Sammana                               Menam-Lifetime Resort
Escapes! to Tropical Breeze at         Hotel Ahlen Moghane                  La Victoria Casa de Campo                Mill Resort & Suites Vacation, The
   Panama City Beach                   Hotel and Club de Playa el Parador   Landmark Resort                          Minerals Resort and Spa
Estancia Apartur Mar del Plata         Hotel Apartemento Clube Ocean        Laguna Shores                            Mirror Lake/Tammarack
Estrella del Mar                       Hotel Belensate                      Laguna Surf                              Mission Bay Resort
Exclusive Resorts International        Hotel Breckenridge                   Lake Marion Resort and Marina            Mittersill Resort
   – Cape Suites                       Hotel Bristol                        Lake Placid Club Lodges                  Montana Vista
ExclusiVacations at Miami Beach        Hotel Cristal Palace                 Lakelands, The                           Monte Cairo
F.D.R. Vacation Club                   Hotel Cristina Suites                Lakeside Villas, The                     Mountain Club on Loon, The
Fairfield Pagosa Resort                 Hotel des Congre                     Lakes of the North                       Mountain Meadows Resort
Fairway Lodge                          Hotel Fazenda & Golf Solar Das       Lakeside Villas                          Na Pali Kauai Club Alii Kai II
Fairway Villas                            Andorinha                         Lako Mai Resort                          Naema Heights
Fairways of the Mountain               Hotel Internacional Foz              Landing at Seven Coves, The              Native Sun, The
Fantasy Island Resort II               Hotel Jalim                          Landmark Holiday Beach Resort            Navigator Beach Club
FantasyWorld Club Villas               Hotel La Pedregosa                   Langdale Lodges                          Nautical Watch Beach Resort
Fern Hill Club                         Hotel Las Naciones Suites & Tower    Laurel Point Condominiums                Nepean Country Club
Festiva’s Adventure Club               Hotel Marbella Acapulco              Lawai Beach Resort – Alii Building       Night Heron Loft
   – Cabins at Green Mountain          Hotel Palace Club                    Lawai Beach Resort – Banyan              Nirvana
   – Yachtsman Resort, The             Hotel Punta Centinela Inn               Building                              Nob Hill Inn
Fishermen’s Village at Jot’s Resort    Hotel Residence Fontanelle           Lawai Beach Resort – Coral Building      Northslope at Shawnee Mountain
47 Park Street by Marriott Grande      Hotel Residencia Atenea Suites       Lawai Beach Resort – Lika Lani           Norwood Resorts Fractional
   Residence Club                      Hotel São Sebastião Da Praia            Building                                 Ownership
Fountain Vacation Ownership            Hotel Serena Beach Club              Le Green Andaluz                         Nostos Village
   – Fountain City Suites              Hotel Spanberger                     Le Soleil Vacation Ownership Club        Ocean Beach Club
   – Fountain Hotel                    Hotel Terraza del Pacifico            Leader Club San Cipriano                 Ocean Club
   – Fountain Resort                   Hôtel Vacances Tremblant             Lehigh Resort Club                       Ocean Club at Jamaica Inn, The
   – Fountain Suites                   Hotel Villas la Audiencia            Lepokatti                                Ocean Isle Beach Club
Four Seasons Pacifica                   Hotelcal-Hotel Apartamentos          Les Chalets                              Ocean Park Vacation Club
Four Seasons Racquet and Country          Calypsso I                        Les Marines de Gassin                    Ocean View
   Club                                Huerta Grande Village Resort         Les Terrasses de Saint Honorat           Ocean View at Island Club
Four Winds Beach Resort                Huka Village Estate                  Lifetime Vacation Club at Miraflores II   Ocean Villas
Fox Run Resort                         Hurricane House                      Lighthouse Resort and Club               Ocean Watch Beach Club
Foxfire Resort & Country Club           Hyatt Pinon Pointe                   Lion Resorts – Club Akamas               Ocho Cascadas
Foxhunt Townhouses                     I Lodge de la Maree                  Little Gull on Longboat Key              Old Bahama Bay Resort at Ginn Sur
Galaxy Aparthotel                      Iguassu Golf Club & Resort           Llethr House Vacation Club                  Mer
Galleon Resort, The                    Ikaalinen Spa Holiday Village        Lodge Alley Inn, The                     Old Killarney Village
Gama Club                              Ile des Pêcheurs                     Lodge at Lake Tahoe, The                 Olympic Village Inn, The
Garden Hotel, The                      Ilha do Breu Eco Resort              Lodge Kura Hurlanda and Beach            Open Sud Aparthotel
Garland Resort                         Indian Peaks                            Club                                  Oreti Village
                                                                                                                                                  53

Orofino by Straight Creek              Rachaburi Country Club               Seasons at Whistler, The               Triton Suites and Beach
Orsa Maggiore                         Racquet Club Villas                  Seaview Condominiums                   Tropical Sands Resort
Outer Banks Beach Club                Reef at Marathon, The                Seawatch                               Tropical Trades at Paki Maui
Outer Banks Beach Club II             Reemyvera Resort & Marina            Seawatch Inn at the Landing            Tubana Apartments
Outrigger Beach Club                  Renvyle Strand                       Sedes Club Calador                     Twin Oaks Villas
Owners Resorts & Exchange at St.      Résidence Acropolis                  Sentinels at Kirkwood Private          Tyrana Beach Resort
   George                             Résidence Antigone Montpellier       Shanty Creek Shuss Mountain Resort     Ute Hotel
Pacific Grove Plaza                    Residence Baiazzurra                 Shared Ownership Interest at           Vacaciones Aca-Azul A.C.
Pacific Palms                          Résidence Club South Shore              Kingswood Village                   Vacation Villas at FantasyWorld
Pahio at Ka ‘Eo Kai                   Résidence de la Tour                 Shared Ownership Interest at Tahoe     Valley Inn, The
Pailahue                              Résidence des Pins Bleus             Shearwater Country Club Resort         Vanderbilt Beach & Harbour Club
Paki Maui Beach Villas                Résidence du Chateau d’Acqueville    Shell Island Beach Club                Ventura
Palace View Resort                    Résidence le Christiania             Shenandoah Crossing Resort             Veranda Vacation Club, The
Palm Bay Resort                       Résidence le Diamant                 Sheraton Vistana Villages              Via Roma Beach Resort
Palm Beach Resort & Beach Club        Résidence le Grand Bois              Sheraton Private Pool Villas           Vila Baia
Palm Springs Villas                   Résidence le Ruitor                  Sheraton Island Villas                 Villa del Arco
Palma Real Hotel and Villas           Résidence le Silveralp               Shirat Hayam Ashkelon                  Villa del Sol
Pan Holiday Village                   Résidence le Trianon                 Shores at Lake Travis, The             Villa La Paloma
Panama City Resort and Club           Résidence les Cottages Du Golf       Signum Resort Miami Beach              Villa L’Auberge
Papakea Beach Resort                  Résidence les Félibriges             Sinai Stars Resort                     Villa Pacifico
Paraíso Country Club                  Résidence les Rivages de             Smoketree Lodge                        Villa Rubinacci
Parc-Ferienwohnungen                     Rochelongue                       Snow Lake Lodge                        Village at Carefree Conference
Park Plaza at Beaver Creek            Résidence Mer et Golf                Snowater Association                       Resort, The
Park Station II                       Résidence Mer et Golf Le Boucanier   Sofitel Tikal Resort                    Village at Palmetto Dunes
Peaceful Bay Resort and Club          Résidence Pamplemousse II            Solar Dos Nobres Resort                Village by the Gulf
Pearl of the Dead Sea, The            Résidence Pamplemousse-              Sole-Bello Resort                      Village La Corte
Pebble Beach Village                     Chatelaillon                      Somni Aragones                         Village Maritalia
Pebbles Vacation Club                 Résidence Sokoburu                   Somni Aranes                           Villaggio la Guaria Morada Beach
Pend Oreille Shores Resort            Résidence Van Gogh                   South Seas Club at South Seas              Resort
Penina Golf Apartments                Residencial Diana                       Plantation                          Villaggio Piccolo Mondo
Peppertree By The Sea                 Residencial Pousada do Serrano       South Shore Club                       Villagio Italia
Peppertree Maggie Valley              Residencial Sajo                     South Shore Lake Resort                Villas at Poco Diablo
Peregrine Townhomes at San Luis       Residencial Vale Dourado             Southern California Beach Club         Villas at Polo Park
   Pass                               Residenza Castelcervo                Spinnaker Penthouse 902                Villas Bavaro Club
Petit Crest Villas                    Residenza Olivieri                   Spirit Ridge Vineyard Resort and Spa   Villas Cabo Alto
Phoenix, The                          Residenza Valle Fiorita              St. Christopher Club                   Villas La Hacienda
Phoenix Timeshare Resort              Résidôtel Le Stanley                 St. Moritz Apartments                  Villas Mediterraneas
PierGiorgio VIP Vacation Club         Resort at Seaside, The               Stella del Sud                         Vista Mirage
Pinares de Punta del Este Vacation    Resort at Whale Pointe               Strand Lakeside Resort                 Villas of Gold Mountain
   Club                                  Condominium, The                  Sugarwood at Ruttger’s Sugar Lake      Villas of Sedona
Pinares del Cerro Club Vacacional     Resort on Cocoa Beach, The              Lodge                               Vistana’s Beach Club
Pinares del Mar                       Resort Sixty-Six                     Suites at Hershey                      Voyager Resort
Pine Acres Lodge                      Riosol Club                          Sun Bay Beach Club                     Waikiki Banyan, The
Pine Ridge Inn Vacation Club          River Club, The                      Sun Bay Lodge                          Walton Hall
Pines at Island Park, The             River Resort                         Sun Dunes Villas                       Waterwood Townhouses
Pinnacle, The                         Rockridge Townhomes                  Sunborn Vacation Club                  Wave Crest
Pirates Cove Resort                   Royal Oasis Club at Benal Beach      Sunburst Condominiums                  Wellington, The
Pirates Cove Villas – Buccaneer       Royal Savoy Resort II                Sunchase Beachfront Condominiums       Westerwalder Hof – CSC Ferienclub
   Lodge                              Royal Sunset Heights                 Sunquest Gardens                       Westgate Maingate
Pire Hue                              Rukan Lomakylä 1                     Sunrise Bay Resort and Club            Westgate Tunica Resort Mississippi
A Place at the Beach                  Saariselkä                           Sunrise Beach Club                     Westin Ka’anapali Ocean Resort
Plantation Bay Villas                 Salou Aquamarina                     Sunrise Ridge Resort                       Villas
Plantation Beach Club at South Seas   Samoset Resort                       Sunset Shores Resort                   Westin Kierland Villas
   Plantation                         San Diego Country Estates            Suntide Island Beach Club              Westin Mission Hills Resort Villas
Plantation Club Villas                San Marcos Apartamentos              Surf Club of Marco Island, The         Westin St. John Resort and Villas
Plantation House                      Sanctuary Resort & Spa, The          Surfers Royale                         Whaler, The
Playa del Sol Los Cabos               Sand Pebble Resort                   Surfrider Beach Club                   Whispering Pines Villas
Players Club of Hilton Head Island    Sandcastle Cove                      Sutherland Crossing Resort             Whitbarrow Country Club
Point to Point Destinations           Sandcastle Village II                Surrey Vacation Resort, The            Whitbarrow Hall Owners Club
Points North Resort                   Sandpebble Beach Club                Swan Mountain Resort                   White Cliffs Beach Resort
Pono Kai-Pacific Fantasy Timesharing   Sands Vacation Resort                Sweetwater at Lake Conroe              Wildwood Shores
Port d’Albret Le Boucanier            Sandy Shores III                     Taba Paradise                          Williamsburg Plantation
Port Trinitie                         Sandy Square                         Tahoe Summit Village                   Windemere, The
Port Villas                           Sanibel Beach Club I                 Tahoe Vacation Condominiums            Windjammer at Nags Head, The
Potrero de los Funes                  Sanibel Beach Club II                Tamarack Lodge                         Windjammer Resort and Beach Club
Powder Ridge Village Resort           Sanibel Cottages                     Tennis Ranch Pinamar Resort            Windsurf II
Powell Place                          Scottsdale Resort Club               Terrazas al Mar                        Windy Shores II
Predator Ridge – Falcon Point         Sea Club V of Marco Island           Thurnham Vacation Club at Thurnham     Wolf Creek Village II
   Cottages                           Sea Gardens Beach & Tennis Resort       Hall                                Woods and Legends at Copper
President Hotel                       Sea Horse Inn                        Tiki Village International Resort          Creek, The
Pueblo Laguna Vera                    Sea Mystique                         Tilcara Sierras                        Xurupita Holiday Resort
Pueblo Vista Alegre                   Sea Oats Beach Club                  Timber Ridge                           Ylläs 1
Puerto Bunge Apart Hotel              Sea Ranch II                         Timberline Lodges (Juniper)            Ylläs 2
Puerto Horizonte Apart Hotel          Sea Shells                           Thunder Mountain Condominiums
Pyhaniemi                             Sedona Springs Resort                Treasure Shores Resort
Pyramid Resort Vacation Club          Seaside Beach Club                   Treehouse Village at Lake Forest
54
 TELEPHONE AND MAIL DIRECTORY
              LOCATION                                                CONTACT INFORMATION                                            MEMBER-SERVICES CENTER                    LANGUAGES
                                                                                                                                       HOURS OF OPERATION                        SPOKEN

 U.S.A.                                                (“800,” “888,” and “877” numbers are toll-free from                                 (U.S. Eastern time)
 World Headquarters                                                U.S., Canada, P.R., U.S.V.I.)
 Post Office Box 431920
 6262 Sunset Drive
 Miami, Florida 33243-1920
 IntervalWorld.com

     Exchange Services                     Deposits and Requests                                                                   Monday through Friday                       English
     Post Office Box 432170                 IntervalWorld.com                                                                       9:00 a.m. to 11:00 p.m.                     French
     Miami, Florida 33243-2170             800-828-8200 • 305-666-1884 • 305-665-1918 (Spanish)                                    Saturday, Sunday, and Holidays              Spanish
                                           fax: 305-667-5321                                                                       10:00 a.m. to 8:00 p.m.
                                           Check-In Assistance
                                           877-700-1154 • 305-668-3411 • fax: 305-667-5321

                                           Flexchange Availabilities Hotline                                                       7 days a week, 24 hours a day
                                           800-722-1747 • 305-668-3498

                                           Telecommunications Device for the Deaf                                                  Monday through Friday
                                           800-822-6522                                                                            9:00 a.m. to 5:00 p.m.

     Membership Services                   Information                                                                             Monday through Friday                       English
     Post Office Box 430960                 800-843-8843 • 305-666-1884 • fax: 305-667-5321                                         9:00 a.m. to 11:00 p.m.                     French
     Miami, Florida 33243-0960                                                                                                     Saturday, Sunday, and Holidays              Spanish
                                                                                                                                   10:00 a.m. to 8:00 p.m.
     Membership Processing                 Membership Renewal/Address Change
     Post Office Box 432170                 IntervalWorld.com
     Miami, Florida 33243-2170             800-843-8843 • 305-666-1884 • fax: 305-667-5321

     Customer Support                      888-784-3447 • 305-668-3414                                                             Monday through Friday                       English
     For IntervalWorld.com                 customerservice@intervalintl.com                                                        9:00 a.m. to 11:00 p.m.                     Spanish
                                                                                                                                   Saturday, Sunday, and Holidays
                                                                                                                                   10:00 a.m. to 9:00 p.m.

     Customer Relations/                   customerservice@intervalintl.com
     Member Correspondence
     Post Office Box 430960
     Miami, Florida 33243-0960

     Interval Travel                       Airline, Hotel, Car Rental                                                              Monday through Friday                       English
     Post Office Box 431920                 IntervalWorld.com                                                                       9:00 a.m. to 11:00 p.m.                     French
     Miami, Florida 33243-1920             800-235-4000 • 305-666-4063 • fax: 305-668-3423                                         Saturday, Sunday, and Holidays              Italian
                                           Getaways Reservations                                                                   10:00 a.m. to 8:00 p.m.                     Spanish
                                           IntervalWorld.com
                                           800-722-1861 • 305-668-3462
                                           Tours
                                           800-949-2222 • 305-668-3465 • fax: 305-598-4093

                                           Cruises                                                                                 Monday through Friday
                                           800-622-1540 • 305-668-3496 • fax: 305-598-4093                                         9:00 a.m. to 11:00 p.m.
                                                                                                                                   Saturday, Sunday, and Holidays
                                                                                                                                   10:00 a.m. to 8:00 p.m.


                                           Getaways Availabilities                                                                 7 days a week, 24 hours a day
                                           IntervalWorld.com
                                           800-722-1860

                                           Telecommunications Device for the Deaf                                                  Monday through Friday
                                           800-822-6522                                                                            9:00 a.m. to 5:00 p.m.




      U.K.                                                              Singapore                                                       Mexico
      Interval International Limited                                    Interval International Singapore (Pte) Ltd.                     Intercambios Internacionales
      Coombe Hill House                                                 1 Phillip Street                                                de Vacaciones S.A. de C.V.
      Beverley Way                                                      #09-00                                                          Edificio Torre Caballito
      London SW20 0AR                                                   Singapore 048692                                                Paseo de la Reforma No. 10, Piso 9
      IntervalWorld.com                                                 IntervalWorld.com                                               Colonia Centro, Delegación Cuauhtémoc
         MEMBER SERVICES:                                                 MEMBER SERVICES:                                              06300 Mexico, D.F.
         44 844 701 4444    •   fax: 44 844 701 7023                      65 6318 2500    •  fax: 65 6318 2511                          IntervalWorld.com
         (Hours are indicated in local time.)                             (Hours are indicated in local time.)                            MEMBER SERVICES:
         Monday through Friday                                            Monday through Friday                                           52 5 627 7300      •fax: 52 5 627 7310
         9:00 a.m. to 8:00 p.m.                                           9:00 a.m. to 6:00 p.m.                                          (Hours are indicated in local time.)
         Saturday 9:00 a.m. to 5:00 p.m.                                  LANGUAGES SPOKEN:                                               Monday through Friday
         CUSTOMER RELATIONS DEPARTMENT:                                   English, Bahasa Indonesia, Cantonese, Japanese,                 9:00 a.m. to 7:00 p.m.
         44 844 701 7123                                                  Malay, Mandarin, Tagalog, Thai                                  LANGUAGES SPOKEN:
         Monday through Friday                                                                                                            English, Spanish
         9:00 a.m. to 5:30 p.m.
         LANGUAGES SPOKEN:
         English, Arabic, Dutch, French, Greek


       Member services also available in Argentina, Australia, Bolivia, Brazil, Chile, China, Colombia, Costa Rica, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany,
       Greece, Guatemala, Hong Kong, Hungary, India, Indonesia, Israel, Italy, Japan, Malaysia, The Netherlands, New Zealand, Norway, Panama, Paraguay, Peru, Philippines, Poland,
       Portugal, Russia, Spain, Sweden, Taiwan, Thailand, Turkey, Uruguay, and Venezuela.
                                                                                                                       55
                                                                       Ernst & Young LLP
                                                                       Suite 3000
                                                                       201 South Biscayne Boulevard
                                                                       Miami, FL 33131-5313
                                                                       Tel: +1 305 358 4111
                                                                       Fax: +1 305 415 1411
                                                                       www.ey.com




                   Report of Independent Certified Public Accountants

The Board of Directors
Interval International, Inc.

We have examined the accompanying Report of Key Operating Exchange Statistics (the Report)
of Interval International, Inc., and its subsidiary companies and representative office (the
Company), as of and for the year ended December 31, 2008. The Company’s management is
responsible for the Report. Our responsibility is to express an opinion based on our examination.

Our examination was conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants and, accordingly, included examining on a
test basis, evidence supporting the Report and performing such other procedures as we
considered necessary under the circumstances. We believe that our examination provides a
reasonable basis for our opinion.

In our opinion, the Report referred to above presents, in all material respects, the information set
forth therein as of and for the year ended December 31, 2008, in accordance with Sections
721.18(1)(q) and (r) of the Florida Vacation Plan and Timesharing Act.




April 2, 2009




                                                                       A member firm of Ernst & Young Global Limited
56
INTERVAL INTERNATIONAL, INC. REPORT OF KEY OPERATING EXCHANGE
STATISTICS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2008

 Number of accommodations and facilities or properties that have current affiliation agreements and
 are eligible to participate with Interval International as of December 31, 2008                                                       1,900


 Number of accommodations and facilities or properties which are no longer under a formal affiliation
 agreement with Interval International, but Interval International is currently providing exchange services
 directly to active individual purchasers or owners as of December 31, 2008                                                              268


 Number of accommodations and facilities or properties which are available, pursuant to a written contract,
 to Interval International members for exchanges as of December 31, 2008                                                                 123


 Number of accommodations and facilities or properties that have current affiliation agreements but
 are not at this time eligible to participate with Interval International as of December 31, 2008                                        240


                                                                                                                                       2,531


 Number of purchasers or owners, for which a fee has been paid, currently enrolled and eligible to
 participate as members in the Interval International exchange system as of December 31, 2008                                   1,998,144


 Number of weeks for which Interval International has an obligation to provide an exchange opportunity in
 subsequent years to an owner who relinquished a week during the current year                                                     496,916


                                                                                                                          Exchanges
                                                                                                                    Number            Percent


 Regular exchanges properly applied for and subsequently confirmed in 2008 by Interval International                897,244


 Special exchanges properly applied for and subsequently confirmed in 2008 by Interval International                129,436


 Total exchanges properly applied for and subsequently confirmed in 2008 by Interval International                  1,026,680           97.2%




                                   THE ABOVE LISTED PERCENTAGE OF CONFIRMED EXCHANGES IN 2008 IS A
                                    SUMMARY OF THE EXCHANGE REQUESTS ENTERED WITH THE EXCHANGE
                                  PROGRAM AND DOES NOT INDICATE A PURCHASER’S PROBABILITY OF BEING
                                     CONFIRMED TO ANY SPECIFIC CHOICE OR RANGE OF CHOICES, SINCE
                                             AVAILABILITY AT INDIVIDUAL LOCATIONS MAY VARY.




                                                       See notes to Report of Key Operating Exchange Statistics.
                                                                                                                                                                 57
INTERVAL INTERNATIONAL, INC. NOTES TO REPORT OF KEY OPERATING EXCHANGE
STATISTICS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2008

1. Basis of Presentation                                                            During the year ended December 31, 2008, members had deposited
  The accompanying Report of Key Operating Exchange Statistics includes             496,916 weeks with the II exchange program for which they have the right
  the combined exchange statistics of Interval International, Inc. including,       to an exchange opportunity. II’s obligation to accept exchange requests
  operations performed by subsidiary companies and representative offices,           against the deposited weeks ends on varying dates through 2012. II has no
  (collectively, Interval International or II) after eliminating intercompany       obligation to provide a member depositing a vacation week with exchange
  activities for the year ended December 31, 2008. The statistics reflected          accommodations in a subsequent year if: (a) the member fails to submit a
  in the Report of Key Operating Exchange Statistics have been computed             valid exchange request and travel within his or her available request and
  and are being disclosed in accordance with Sections 721.18(1)(q) and (r)          travel window or a permitted extension thereof; (b) the requested
  of the Florida Vacation Plan and Timesharing Act.                                 accommodations are not available and any alternative accommodations
                                                                                    offered by II are not accepted by the member.
2. Description of Company
  Interval International is a service company offering an exchange service for    6. Exchange Requests and Confirmations
  owners of resort timeshare or other vacation ownership interests. Resorts         Exchange requests must be properly submitted in accordance with II’s
  affiliated with II are located throughout the world. II’s world headquarters       Terms and Conditions of Individual Membership and Exchange in order to
  are located in South Miami, Florida.                                              be included in this report.

                                                                                    Exchanges are arranged on a space available basis. II does not guarantee
3. Resort Affiliations
                                                                                    fulfillment of a specific request.
  Resorts have contracted with II to provide exchange services for purchasers
  of their timeshare or other vacation ownership units. Included in the current     In order for an exchange request to be considered properly applied for, and,
  number of resorts in the category of accommodations and facilities or             therefore, included in the key operating exchange statistics, the member
  properties that have current affiliation agreements but are not eligible to        must either fully complete a written or electronic exchange request in
  participate as of December 31, 2008, are those resorts which were                 accordance with the instructions furnished by II and in accordance with the
  conditionally accepted as member resorts of the Interval International            Terms and Conditions of Individual Membership and Exchange, or the
  exchange program during 2008.                                                     member must provide the same information that is requested to the II
                                                                                    vacation advisor at the time he or she places a request by telephone. If
4. Individual Memberships                                                           the exchange request is made electronically or through a telephone request,
  Individual memberships and participation in II’s exchange program                 it may be confirmed instantly if the accommodations requested by the
  are dependent upon his or her resort’s continued affiliation with II. An           member are available. Otherwise, if the request is for accommodations
  individual’s exchange privileges may be suspended during periods when             more than 59 days in advance of the week requested, it will be entered
  the resort is not in good standing with II. Upon the payment of an annual         into the computer as a properly applied for exchange request. The key
  membership fee, individual members generally receive various publications         operating exchange statistics made available in this report also include
  and the opportunity to exchange their unit for another, as well as other          requests made and confirmations issued pursuant to the Special Exchange
  benefits offered by II. Individual members are considered as members for           Services outlined in II’s Terms and Conditions of Individual Membership and
  120 days after their scheduled expiration date, although II may discontinue       Exchange (i.e., II’s Getaway and Interval Options Programs), as well as
  providing services to individuals who own timeshare units at resorts              requests made and confirmations issued pursuant to exchange incentives
  participating in a corporate membership program where the resort’s                periodically made available to select individual members. Confirmations
  developer fails to timely remit the applicable corporate membership fee.          reported also include properly submitted exchange requests against which
  Also, where an individual owns a vacation interest, both at a resort              exchange alternatives were offered and accepted by members.
  participating in a corporate membership program, and a resort at which
  individuals participate as individual members, generally, such individual         If the member fails to complete all the required information at the time of
  must maintain separate and distinct memberships and, for the purpose of           placing a request (such as, fails to request the minimum number of resorts
  determining the number of purchasers or owners participating as members,          or time periods, requests a larger unit than the standard traveling party
  will be counted as two members.                                                   associated with his or her home unit, fails to remit the necessary exchange
                                                                                    and/or membership fees, requests to travel outside the required time
5. Deposits                                                                         periods, etc.), such request is not included in the key operating exchange
  Generally, members may choose to deposit weeks available for occupancy            statistics because the member failed to adhere to the prescribed exchange
  into the II exchange program up to one year in advance of the occupancy           procedures. Also, excluded from the statistics are any exchange requests
  date, unless the resort at which they own has elected to participate in the       made by a member, whom, based on information provided to II by the home
  Early Deposit Request Program. When a week is deposited into the II               resort, is either no longer an owner at such resort or is not currently in
  exchange program, the right to use said week is immediately relinquished          good standing with such resort due to nonpayment of maintenance fee
  by the member. Members depositing a vacation week may submit an                   assessments or similar charges.
  exchange request and travel at any time after II’s receipt of the deposit up
  until 24 months after the commencement date of the deposited week,
  unless the member has extended the request and travel window applicable
  to a particular deposit through the payment of a fee designated by II.
58
NOTES
                                                                                                                                               59
THIS PAGE IS TO BE COMPLETED BY PURCHASER



Name




Address




City                                                           State                                                Zip




Name of resort




I hereby acknowledge receipt of this publication containing required disclosure information about Interval International’s Exchange Program.




Signature                                                                                                Date




Signature                                                                                                Date

				
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