Schedule of Composite Performance:

Small Capitalization Core Composite

January 31, 2005 (inception) through December 31, 2009

1.       Small Capitalization Core Composite - composite of accounts investing in the common stocks of

      U.S. companies whose returns and earnings or cash flow prospects are above the average small

      capitalization company ($4 billion or smaller). The investment strategy emphasizes stock

      selection with attention given to sector exposures relative to the benchmark. The benchmark is

      the Russell 2000 Index. The composite was created in January 1, 2005. A complete list and

      description of the Firm’s performance composites is available upon request. Thru December 31,

      2006 all accounts in the composite were non fee paying accounts. At December 31, 2007

      approximately 15% of composite assets are non fee paying.

 2.     ENDURANCE Investment Management, LLC is an Illinois Limited Liability Company

      registered as an investment advisor with the State of Illinois. The Firm was founded in January

      2005; the effective date of compliance, and provides equity portfolio management services to

      pension, profit sharing, foundation, endowment, corporate and individual investors.

3.       Results include all fee paying, discretionary client portfolios including those clients no longer

      with the Firm.  Portfolios are included in the composite beginning with the first full

      month of full investment to the present or to the termination of the client’s relationship with

      the Firm. Terminated accounts are included through the last full month in which they were fully

      invested. The composite is defined to include all tax-exempt fee paying discretionary

      accounts. There have been no changes in the personnel responsible for the investment

      management process of this composite.

4.       All amounts and returns are stated in U.S. Dollars. Investment results are time-weighted

      performance calculations, taking into account cash flows, representing total return.

      Portfolios in the composite are asset weighted using beginning of period asset values. Annual

      returns are calculated using geometric linking of monthly returns.

5.      Composites are based upon market values and are valued at least monthly.  All realized and

      unrealized capital gains and losses, as well as all dividends and interest income from

      investments and cash balances are included.  Interest income from fixed income securities

      is accrued, and equity dividends are accrued as of the ex-dividend date. Investment

      transactions are accounted for on a trade date basis.

6.      Composite dispersion represents the consistency of the Firm’s composite performance

      results with respect to the individual portfolio returns within the composite. The composite

      dispersion presented represents the equal weighted dispersion of annual returns of each

      account that was included in a composite for the full calendar year.  This calculation is

      made only for composites with five or more accounts.

7.       All returns are presented before the deduction of investment management fees and after the

      deduction of trading expenses. Gross returns do not reflect the deduction of investment

      advisory fees and therefore the client’s return will be reduced by the advisory fees and

      any other expenses it may incur.

      The Firm’s fee schedule:

a)        0.90% annually on the first $10,000,000

b)       0.75% annually on the next $40,000,000

c)        0.60% annually on the balance

Use of this Performance Data: