Portfolio Return

1 Year Portfolio Return: 8.7%
1 Year S&P 500 Return: 8.0%

Holdings as of 11/11/2005

1. Nasdaq Company (NDAQ) (10.56%)
2. Chesapeake Energy (CHK) (8.694%)
3. Altria (MO) (7.299%)
4. Citigroup (C) (7.021%)
5. Lennar (LEN) (6.817%)
6. Gilead Sciences (GILD) (6.59%)
7. Cerner Corp (CERN) (6.515)
8. Motorola (MOT) (6.443%)
9. Titanium Metals (TIE) (6.307%)
10. Tesoro (TSO) (5.26%)

Other (28.51%)