YTD Returns (all funds)

[Mike]

10 months down, two to go. Here's a quick summary of what's happened:

Closing prices 12/31/03:

G $10.24 F $9.99 C $11.65 S $12.48 I $12.90

Closing prices 11/1/04:

G $10.61 F $10.38 C $12.00 S $13.25 I $13.98

Returns for each fund:

G 3.6% F 3.9% C 3.0% S 6.17% I 8.37%

I'm up 5.25% this year (disappointing, but far better than the flat return I had just one month ago).

[FundSurfer]

5% for the year. I'm in transition from 1-2 moves per year to more active. My first move for the year was in June.