Has good handle on supply of silicon as well as maintaining percentage ownership in smaller clients - extending and leveraging their likelihood of future success in the solar power industrial environment. Date Acquired 06/13/05 @ $15.38/share 3.338% of portfolio

One of the few participants and a leader in deepwater oil drilling. Contract fees are (economically) protected in tightening market. Date Acquired 03/16/07 @ $ 76.79/share Merge with GSF 11/27/07: current adj cost basis $75.97/sh Date Acquired 11/21/07 @ $121.45/share Merge with GSF 11/27/07: current adj cost basis $119.42/sh Date Acquired 03/30/07 as GSF @ $61.95 current adj cost basis $130.71/sh 5.028% of portfolio

Ag retailer and fertilizer producer for North and South American markets which will increase sales due to growing demand for food stuff (eat and fuel). Pricing is strengthened due to recent purchase of competitor. Consistantly trades above 50 day moving average with income growth projected to exceed 150%. Strength of stock valuation has been in 90% for past 12 months. Date Acquired 12/24/07 @ $68.08/share 2.897% of portfolio

Fertilizer production with very respectable PE of about 25. Recently purchased facility in Switzerland to increase product output. Announcement dated 10/24/07 that CF added to S&P Midcap 400. Date Acquired 10/17/07 @ $75.68/share 3.862% of portfolio

Oil & gas service company that facilitates the efficiency in energy patch. Trend that will stay healthy into the transition of accepting and implementing an alternative energy source. Date Acquired 05/04/06 @ $66.92/share 2.618% of portfolio

One of two primary mining operations in India. What would not be used within India will have ready market to China - selling copper and alluminum. Mines also located in Africa and Australia - considered safe zones which will not be disrupted in operations. SLT chosen above TGB, BVN and BAJFF which were not as consistant and a bit shaky with the numbers going forward as well as the fundamentals. Date Acquired 06/20/07 @ $14.96/share 1.998% of portfolio

Chinese security company selling, installing and service provider, currently going to digital equipment. May or may not sell with target of $35/share in mind. Date Acquired 09/21/07 @ $21.75/share 1.909% of portfolio

Compelling alternative energy company thesis as presented by Greg Spears dated Dec 2006: first solar energy company to be able to market with massive scalability, thin film applied to glass, using non-silicon material; relatively quick production time (efficient); backlog of multiple-year sales to non residential customers (utilities and system integrators). Company seems to have an increase of other investment stalwarts providing additional basis for interest of this profit producing entity that became public in Nov 2006.Although there has been a respectable runup in price within past 45 days, there seems to be no negative news to throw FSLR off course for this long term play. Date Acquired 03/08/07 @ $51.10/share Date Acquired 03/09/07 @ $53.80/share Partial Sale 03/10/08 @ $186.00/share Partial Buy 05/10/08 @ $282.78/share 6.064% of portfolio