we re the business behind sm in fiscal year 1999 adp celebrated its 50th by reporting record revenues and earnings look forward to a new millennium of opportunities one largest global providers computerized transaction processing data communications information services 450 000 clients around world our include payroll tax filing human resource management securities process ing investor industry specific computing consulting for auto truck dealers their manufacturers repair estimating parts availability fee utilization audits bodily injury claims s four businesses employer brokerage dealer represent over 95 total each is market leader key strategic element future growth people more than 37 associates north america europe latin asia are true heart company through efforts they embody energize commitment class service differentiating us from competitors table contents letter shareholders 3 financial highlights 5
