Period

Composite Total Return

Russell 2000
Growth
Index

Russell 2000
index

Number of Portfolios

Composite Assets
period end ($ mil)

Percent of Firm Assets

Firm Assets
period end
($ mil)

Gross  of Fees

Net of   Fees

4 mos 1993

3.23%

3.11%

6.02%

5.48%

1

   $6.6

0.9%

$725.4

1994 

2.20%

1.70%

-2.43%

-1.82%

1

  $11.7

1.4%

$816.0

1995 

44.89%

44.19%

31.04%

28.45%

1

  $14.6

1.7%

$870.9

1996 

35.46%

34.81%

11.26%

16.49%

1

  $23.3

2.6%

$882.0

1997 

22.52%

21.90%

12.95%

22.36%

1

  $29.3

3.0%

$986.7

1998 

-7.61%

-8.10%

1.23%

-2.55%

2

  $39.4

3.9%

$1,016.1

1999 

26.95%

26.20%

43.09%

21.26%

2

  $44.2

21.5%

$205.7

2000 

3.80%

3.16%

-22.43%

-3.02%

3

  $45.2

25.5%

$177.7

2001 

-4.85%

-5.38%

-9.23%

2.49%

4

  $61.0

32.9%

$185.6

2002 

-27.62%

-28.17%

-30.26%

-20.48%

4

  $39.6

29.9%

$132.6

2003 

51.37%

50.30%

48.54%

47.25%

4

  $58.9

32.1%

$183.4

2004 

9.80%

9.02%

14.31%

18.33%

4

  $64.9

27.7%

$234.0

2005

1.63%

0.86%

4.15%

4.55%

4

  $55.6

24.6%

$226.3

2006

18.87%

18.04%

13.35%

18.37%

4

  $60.0

24.4%

$246.1

2007

12.78%

11.99%

7.05%

-1.57%

3

  $36.1

8.2%

$442.8

1q08

-12.39%

-12.54%

-12.83%

-9.90%