The IPO Plus Fund
Largest Ten Holdings
1 AeroVironment (AVAV)
2 American Water Works (AWK)
3 athenahealth (ATHN)
4 Burger King Holdings (BKC)
5 Cellcom Israel (CEL)
6 Genoptix (GXDX)
7 IPC (IPCM)
8 ITC Holdings (ITC)
9 New Oriental Education (EDU)
10 Visa (V)

Alphabetically listed as of 12/31/08
The Fund's portfolio is subject to change.