FBR & Co. Watch

from S-3 76 pages FBR & Co., Issuer and , Trustee Indenture Dated as of Debt Securities

from S-3 2 pages Additional Abbreviations May Also Be Used Though Not in the Above List

from S-3 76 pages FBR & Co., Issuer and , Trustee Indenture Dated as of Debt Securities

from S-8 9 pages Articles of Amendment FBR Capital Markets Corporation

from S-8 9 pages FBR Capital Markets Corporation Partner Leveraged Stock Purchase Program

from S-3/A 19 pages Form of Subscription Agreement

from S-3/A 91 pages FBR Capital Markets Corporation, Issuer and , Trustee Indenture Dated as of Subordinated Debt Securities Reconciliation and Tie Between Trust Indenture Act of 1939 (The “Trust Indenture Act”) and Indenture

from S-3/A 85 pages FBR Capital Markets Corporation, Issuer and , Trustee Indenture Dated as of Senior Debt Securities Reconciliation and Tie Between Trust Indenture Act of 1939 (The “Trust Indenture Act”) and Indenture

from 10-Q 20 pages Registration Rights Agreement

from S-1/A 2 pages Color: This Proof Was Printed From a Digital File or Artwork on a Graphics Quality, Color Laser Printer. It Is a Good Representation of the Color as It Will Appear on the Final Product. However, It Is Not an Exact Color Rendition, and the Final Printed Product May Appear Slightly Different From the Proof Due to the Difference Between the Dyes and Printing Ink. Please Initial the Appropriate Selection for This Proof: Ok as Is Ok With Changes Make Changes and Send Another Proof FBR Capital Markets Corporation

from S-1 15 pages Voting Agreement by and Among Friedman, Billings, Ramsey Group, Inc., FBR Trs Holdings, Inc., FBR Capital Markets Corporation, Forest Holdings (Erisa) LLC, and Forest Holdings LLC Dated as of July 20, 2006

from S-1 14 pages Governance Agreement by and Among Friedman, Billings, Ramsey Group, Inc., FBR Trs Holdings, Inc., Forest Holdings (Erisa) LLC, and Forest Holdings LLC Dated as of July 20, 2006

from S-1 10 pages Registration Rights Agreement

from S-1 25 pages Registration Rights Agreement