PHYSICIANS TRUST INC S-1

PHYSICIANS TRUST, INC.

AMENDED & RESTATED CERTIFICATE OF INCORPORATION

BYLAWS

FORM OF COMMON STOCK WARRANT

MASTER TRANSACTION AGREEMENT - DATED 7/07/97

1996 STOCK OPTION PLAN (PHYSICIANS TRUST, INC.)

NON-EMPLOYEE DIRECTORS STOCK OPTION PLAN

EMPLOYMENT AGREEMENT (ROBERT F. STRANGE)

EMPLOYMENT AGREEMENT - (WILLIAM D. MCCLELLAN, JR.)

EMPLOYMENT AGREEMENT - (TERENCE D. JUNG)

CONSENT OF PRICE WATERHOUSE, LLP

CONSENT OF RICHARD A. SILVER, M.D.

CONSENT OF CHARLES WELLS, JR., M.D.

FINANCIAL DATA SCHEDULE