1 EXHIBIT 10.3.1 Schedule of Omitted Documents in the Form of Exhibit 10.3, Including Material Detail in Which Such Documents Differ From Exhibit 10.3 1. Stock Option Agreement, dated as of May 7, 2001, between Ladenburg Thalmann Financial Services...

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                                                                  EXHIBIT 10.3.1

Schedule of Omitted Documents in the Form of Exhibit 10.3, Including Material
Detail in Which Such Documents Differ From Exhibit 10.3

1.       Stock Option Agreement, dated as of May 7, 2001, between Ladenburg
         Xxxxxxxx Financial Services Inc. and Xxxxxx X. Xxxxxx.

2        Stock Option Agreement, dated as of May 7, 2001, between Ladenburg
         Xxxxxxxx Financial Services Inc. and Xxxxxxx X. XxXxx.

3.       Stock Option Agreement, dated as of May 7, 2001, between Ladenburg
         Xxxxxxxx Financial Services Inc. and Xxxxxxx Xxxxx, M.D.

4.       Stock Option Agreement, dated as of May 7, 2001, between Ladenburg
         Xxxxxxxx Financial Services Inc. and Xxxxx X. Xxxxxxxxx.

5.       Stock Option Agreement, dated as of May 7, 2001, between Ladenburg
         Xxxxxxxx Financial Services Inc. and Xxxxxx X. Xxxx.

         The form of the documents listed above does not differ in material
detail from the form of exhibit 10.3 except with respect to the identity of the
director.