Small Cap Growth Equity Management
SmallCap Turnaround Growth

MindShare's SmallCap Turnaround Growth Composite contains fully discretionary small cap turnaround growth accounts. For comparison purposes, the SmallCap Turnaround Growth Composite is measured against the Russell 2000 Growth Index.

MindShare Capital Management, LLC has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS®).

MindShare Capital Management, LLC is an independent registered investment adviser. The firm maintains a complete list and description of composites, which is available upon request. Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results.

The U.S. Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income and the deduction of trading costs incurred in the management of the account. Net of fee performance was calculated using the actual management fee charged to each fee paying account. Additional information regarding policies for calculating and reporting returns is available upon request.

The management fee schedule is as follows: Institutional accounts: 1.00% on all separately managed accounts. Retail clients may select one of the following options: Option A: 2.25% on accounts between $100,000 and $1,000,000; 1.75% on accounts between $1,000,001 and $5,000,000; Negotiable on accounts over $5,000,001; or Option B: 1% of assets under management, plus 20% of all client portfolio returns in excess of the return achieved by the Russell 2000 Growth Index. In order to be eligible for Option B, client must have a net worth of at least $1,500,000 or at least $750,000 of assets under management with adviser. Actual investment advisory fees incurred by clients may vary.

The SmallCap Turnaround Growth Composite was created November 30, 2004. MindShare Capital Management, LLC's compliance with the GIPS standards has been verified for the period April 8, 2000 through December 31, 2006 by Ashland Partners & Company LLP. In addition, a performance examination was conducted on the SmallCap Turnaround Growth Composite beginning December 1, 2004. A copy of the verification report is available upon request.