25 26  Trends in Alcoa’s Major Markets 28  Selected Financial Data 29  Management’s Discussion and Analysis 42  Management’s Report 42  Independent Accountant’s Report 43  Consolidated Financial Statements 47  Notes to Financial Statements 63  Supplemental Financial Information 64  11-Year Financial Data 66  Directors 67  Officers 68  Shareowner Information Financial and Corporate Isabel Summe, Alcoa Center, Pennsylvania, USA