Zions Direct, or Zions First National Bank reserves the right to act as principal on any fixed income transaction, public offering or any other securities transaction. A markup may be included in price for Corporate Bonds, Municipal Bonds, U.S. Treasury and Agency, Bills, Notes, Bonds and CDs. Zions Direct may act as a "riskless" principal in fixed-income transactions.

Effective January 1, 2007. Commissions and fees subject to change without notice.