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

 COMMON STOCK PRICES AND DIVIDENDS

The Company’s common stock trades on the New York Stock Exchange (ticker symbol FAF). The approximate number of record holders of common stock on March 7, 2002, was 3,681.

High and low stock prices and dividends for the last two years were as follows:		2001				2000
Quarter Ended	High-low range	Cash dividends	High-low range	Cash dividends
March 31	$34.91–$25.39	$.06	$13.94–$10.69	$.06
June 30	$26.55–$18.85	$.07	$17.44–$13.25	$.06
September 30	$20.45–$16.71	$.07	$22.44–$14.50	$.06
December 31	$21.07–$16.51	$.07	$32.88–$17.44	$.06

While the Company expects to continue its policy of paying regular quarterly cash dividends, future dividends will be dependent on future earnings, financial condition and capital requirements. The payment of dividends is subject to the restrictions described in Note 2 to the consolidated financial statements.

QUARTERLY FINANCIAL DATA  (Unaudited)

	Quarter Ended
(in thousands, except per share amounts)	March 31		June 30		September 30		December 31
2001
Revenues	$	766,741	$	928,042	$	983,008	$	1,072,932
Income before income taxes and minority interests	$	39,198	$	106,332	$	83,355	$	100,655
Net income	$	18,776	$	54,517	$	41,695	$	52,280
Net income per share:
Basic	$	.29	$	.83	$	.61	$	.76
Diluted	$	.27	$	.75	$	.55	$	.68
2000
Revenues	$	646,174	$	775,925	$	750,260	$	761,896
Income before income taxes and minority interests	$	3,885	$	48,346	$	48,757	$	52,888
Net income	$	1,002	$	25,032	$	24,399	$	31,790
Net income per share:
Basic	$	.02	$	.39	$	.38	$	.50
Diluted	$	.02	$	.38	$	.37	$	.47

The Company’s real estate-related segments are cyclical in nature, with the spring and summer months historically being the strongest. However, interest rate adjustments by the Federal Reserve Board, as well as other economic factors, can cause unusual fluctuations in the Company’s quarterly operating results. See Management’s Discussion and Analysis on pages 24 through 27 for further discussion of the Company’s results of operations.