Index First American Profile Financial Highlights Letter to Stockholders First American's Strength in Numbers Title Information and Services Real Estate Information and Services Consumer Information and Services Management's Discussion and Analysis Selected Financial Data Common Stock Prices and Dividends Quarterly Financial Data Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Stockholders' Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Report of Independent Accountants Officers Board of Directors Primary Companies Stockholder Information Back Cover

title information and services (cont.)

Today, through the integration of our proprietary FASTSearch™ and FAST Transaction System technology, we are cutting in half the labor involved in the title search and examination process. Many First American offices throughout the nation are already realizing unprecedented efficiencies. And, as we continue this rollout to all First American Title Insurance Company offices in 2002, our technology standardization will allow us to continue to consolidate and centralize title production—streamlining our workflow, improving our productivity and cost savings, and distinguishing First American from our competitors.