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      &lt;a name=
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      Note 10 &amp;#8211; Real Estate and Other
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;Three Months
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;Six Months
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            &lt;span&gt;&lt;i&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/i&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;Aug.
            1,&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;Aug.
            2,&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;Aug.
            1,&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;Aug.
            2,&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
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        &lt;td width="9" valign="top" style=
        "width:6.45pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
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            &lt;span&gt;&lt;b&gt;&lt;span style=
            "color:black"&gt;2009&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
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        &lt;td width="8" valign="top" style=
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        &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
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        "text-align:right"&gt;
            &lt;span&gt;&lt;b&gt;&lt;span style=
            "color:black"&gt;2008&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="9" valign="top" style=
        "width:6.45pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="9" style="width:6.45pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
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            &lt;span&gt;&lt;b&gt;&lt;span style=
            "color:black"&gt;2009&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
        "text-align:right"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
        "text-align:right"&gt;
            &lt;span&gt;&lt;b&gt;&lt;span style=
            "color:black"&gt;2008&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
      &lt;/tr&gt;
      &lt;tr style="mso-yfti-irow:3"&gt;
        &lt;td width="347" valign="bottom" style=
        "width:259.95pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;Real estate
            activities&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
        "text-align:right"&gt;
            &lt;span&gt;&lt;b style=
            "mso-bidi-font-weight:normal"&gt;&lt;span style=
            "color:black"&gt;(9&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/span&gt;
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        "width:46.6pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;(10&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="9" style="width:6.45pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
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        "text-align:right"&gt;
            &lt;span&gt;&lt;b style=
            "mso-bidi-font-weight:normal"&gt;&lt;span style=
            "color:black"&gt;(18&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        "width:6.45pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
          &lt;/p&gt;
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        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
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        "text-align:right"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;(20&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;padding:0in 0in 0in 0in"&gt;
          &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
      &lt;/tr&gt;
      &lt;tr style="mso-yfti-irow:4"&gt;
        &lt;td width="347" valign="bottom" style=
        "width:259.95pt;border:none;border-bottom: solid white 1.0pt;mso-border-bottom-alt:solid white .75pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;Other&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
        "text-align:right"&gt;
            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"&gt;
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        "text-align:right"&gt;
            &lt;span&gt;&lt;b style=
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            "color:black"&gt;2&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;/td&gt;
        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
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        &lt;td width="8" valign="bottom" style=
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        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;/td&gt;
        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: solid black 1.0pt;mso-border-bottom-alt:solid black .75pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;b style=
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;/td&gt;
        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;border-bottom:solid black 1.0pt; mso-border-bottom-alt:solid black .75pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: solid black 1.0pt;mso-border-bottom-alt:solid black .75pt;padding:0in 0in 0in 0in"&gt;
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        "width:6.35pt;border:none;border-bottom:solid white 1.0pt; mso-border-bottom-alt:solid white .75pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="347" valign="bottom" style=
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        "width:6.45pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in"&gt;
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        "text-align:right"&gt;
            &lt;span&gt;&lt;b style=
            "mso-bidi-font-weight:normal"&gt;&lt;span style=
            "color:black"&gt;(7&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        "width:6.35pt;border:none;border-bottom:solid white 1.0pt; mso-border-bottom-alt:solid white .75pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="8" valign="bottom" style=
        "width:6.35pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in"&gt;
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        "text-align:right"&gt;
            &lt;span&gt;&lt;span style="color:black"&gt;(9&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;border-bottom:solid white 1.0pt; mso-border-bottom-alt:solid white .75pt;padding:0in 0in 0in 0in"&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;span style="color:black"&gt;&amp;#160;&lt;/span&gt;&lt;/span&gt;
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        "width:6.35pt;border:none;border-bottom:double black 2.25pt; padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
        "text-align:right"&gt;
            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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            &lt;span&gt;&lt;b style=
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            &lt;span&gt;&lt;b&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;
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        &lt;td width="9" valign="bottom" style=
        "width:6.45pt;border:none;border-bottom:double black 2.25pt; padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;$&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
        &lt;td width="62" valign="bottom" style=
        "width:46.6pt;border:none;border-bottom: double black 2.25pt;padding:0in 0in 0in 0in"&gt;
        &lt;p class="MsoNormal" align="right" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;(18&lt;/span&gt;&lt;/span&gt;
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        &lt;td width="8" valign="bottom" style=
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            &lt;span&gt;&lt;span style="color:black"&gt;)&lt;/span&gt;&lt;/span&gt;
          &lt;/p&gt;
        &lt;/td&gt;
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    &lt;p class="MsoNormal"&gt;
      &lt;span&gt;&amp;#160;&lt;/span&gt;
    &lt;/p&gt;
    &lt;p class="MsoNormal"&gt;
      &lt;span&gt;&lt;span style="color:black"&gt;Real estate and other
      consists mainly of ongoing operating income from our real
      estate subsidiaries whose primary investments are in REITs,
      as well as investments in 14 joint ventures that own regional
      mall properties.&lt;span style="mso-spacerun:yes"&gt;&amp;#160;&lt;/span&gt; Real
      estate and other also includes net gains from the sale of
      facilities and equipment that are no longer used in
      operations, asset impairments and other non-operating charges
      and credits.&lt;span style="mso-spacerun:yes"&gt;&amp;#160;&lt;/span&gt; The
      decrease in real estate activities reflected a decline in our
      ongoing real estate joint venture and REIT investment income
      resulting from the weakened retail real estate
      market.&lt;span style="mso-spacerun:yes"&gt;&amp;#160;&lt;/span&gt; The increase
      in other was due to write downs to reflect the fair value of
      certain corporate assets held for sale.&lt;/span&gt;&lt;/span&gt;
    &lt;/p&gt;
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          <NonNumericTextHeader>Note 10 &amp;#8211; Real Estate and Other
      (Income)/Expense


      &amp;#160;





            ($ in
            millions)
</NonNumericTextHeader>
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  <PerShareRoundingLevel>UnKnown</PerShareRoundingLevel>
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  <SharesShouldBeRounded>true</SharesShouldBeRounded>
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