A BALLADS

 is the second best album released by Hamasaki Ayumi.

Tracklist

 * 1) RAINBOW
 * 2) appears "HΛL'S Progress"
 * 3) Key ～eternal tie ver.～
 * 4) YOU "northern breeze"
 * 5) TO BE "2003 ReBirth Mix"
 * 6) HANABI
 * 7) M "H∧L'S Progress"
 * 8) Dearest
 * 9) Dolls
 * 10) SEASONS "2003 ReBirth Mix"
 * 11) Voyage
 * 12) A Song for ×× "030213 Session #2"
 * 13) Who... "Across the Universe"
 * 14) Sotsugyou Shashin (卒業写真)