Fund: I fighlnidge - Financial Trusi Co. NET ASSET VALUE ANALYSIS Dale: 10'16'2006 3:26:47F%1 Clearing Broker lighbridge Capital Management Page: 1 of 1 Currency: Functional Login asantos Account Fund Number Account Description M or 12/31/2005 As of 9/30/2006 Change Asset I iabiliH Asset 1ØF7 10000 Cash -5.955.494 3.738.423 9.693.917 IMFT 10010 Unsettled Cash -2.027 66.177 68.203 11BIT 10030 Unrealized EX Cash Value 44924 14.072 -32.852 HAFT 11000 Armed Fixed Income Interest 205.400 124.3E 41.056 103Ff 11300 Idstain Interest Pay Ace 40,138 4,047 44,184 12030 Unrealized FN 1/sidendlbsibre Value 978 0 -978 1ØF7 16000 Settled Inventory CO81 Basis 16,456,550 7,866,952 -45119,597 WIT 16020 Unrealized Security Invasion Value 442,824 511,943 76,119 TØFT 16030 Unrealized EX Inventor.. Value -116.668 0 1146611 17100 Off Dal Contra Inventor.. Cost Basis 9,348,834 2,943,062 -6,405,771 Total For. liability Matt 20.387.183 15,274020 4111.163 11B1-7 11030 Unrealized FN Accrued Fixed Income Interest Value -58 0 58 11B1a 11050 Off Dal Contra Fixed Income Interest -37.651 -1,055 34596 11131:1 11330 Unrealized FX Margin Interest Pas Rcc Value 5 -2 -6 1111FT 12000 Dividend PavRec 131.446 41.320 472,766 uturr 16010 Unsettled Invasion. Cost Basis 2,177 -67,066 17000 Off Hal Settled Insenion' Cost Basis 4.348,834 -2.943.063 4405.771 DAFT 17020 Unrealized Off Bal Security Insertion Value -53.034 •11,375 41,659 Total For. Liability 9.305.950 -3,161,704 6.244,246 Total For. Asset:Liability 11,081.233 12,214.316 1,133,083 Income Expense. Shareholder's Equity Incometypense HBFT 40030 Unrealized Cash EX Gainless 44924 14,072 -32,852 IIBET 41030 Unrealized Accrued Fixed Income Interest EX faint -58 0 51 HEFT 41330 Unrealized Accrued Margin Interest FN Graft Less 5 -2 I1BFT 42030 Unrealized :keened INvidend FN Gain loss 978 0 -978 HEFT