C Fund Activity through 4/04/08

3/31/08 buy 10,000 DVAX @ 2.06
4/04/08 buy 3,000 CZN @ 10.87
4/04/08 buy 1,400 BMY @ 22.25


4/04/08

Alpha -29.88
Beta 0.72
R-sq 0.66

STOCKS $930,716.89
CASH $81,094.21
TOTAL $1,011,811.10

NAV $ 10.12