QUANTUMONLINE.COM SECURITY DESCRIPTION:  The St. Paul Companies, Inc., 9% Equity Units, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 5.25% senior note with a principal amount of $50. The purchase contract requires the holder to purchase for $50 a variable number of shares of St. Paul Companies Inc. (NYSE: SPC) common stock no later than 8/16/2005 and pays a contract adjustment rate of 3.75% per annum. The purchase settlement rate will be 1.7218 shares per unit if the then current market price is equal to or greater than $29.04 and 2.0661 shares per unit if the market price is equal to or less than $24.20. For market prices between those values the settlement rate will be $50 divided by the market value. The senior is due 8/16/2007 and is subject to reset and remarketing on or after 5/16/2005. The Corporate Units pay quarterly distributions of 9% ($4.50) per annum on 2/16, 5/16, 8/16 & 11/16 to holders of record on the first day of the month in which the payment is made. The senior notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Corporate Units. The senior notes are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	9.00% $4.5	$50.00 N/A	8/16/2005 8/16/2007	A3 BBB+ 11/09/2004	1.7218@$29.04+ 2.0661@$24.20-	2/16, 5/16, 8/16 & 11/16 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.stpaul.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	laura.gagnon@stpaul.com
Email Contact Form on Website	Go to Email Form

Address and Phone Numbers

Address:   385 Washington Street, St. Paul, MN 55102
Main Phone Number	651-310-7911
Fax Number	651-310-3386
Investor Relations   Laura Gagnon	800-328-2189   Ext: 7696
Toll Free Phone Number	800-328-2189

CEO - Jay S. Fishman

CFO - Thomas A. Bradley