C Fund Activity through 06/06/08

6/02/08 sell 5000 SIL @ 6.87
6/02/08 buy 2600 AFSI @ 14.77

STOCKS $ 797,792.90
CASH $ 320,514.43
TOTAL $ 1,118,307.33

NAV $ 11.18

alpha 0.26
beta 1.07
R-sq 0.50