TRACK  RECORD  OF  FTSE  MARKET  ALERTS
 
                                      For Year  2003                     updated Jan 31, 2004
 
    Buy     Index    Sell       Index      Points    % Gain      Points      % Gain    Cumulat.    Cumulative
    Date    Value    Date       Value      Gained    for         Gained      for        Gain %  Investment Gain
                                           for       Buying      for        Selling
                                           Buying                Selling                         Investment sum
                                                                                                 = US$10,000
                                                                                                      10000
   Dec 30,   3844   Jan 3, 03    4007          163       4.24         87                   4.24      10,424                                                                          4.24
                                                                                 2.17      6.41      10,650                                                                         2.171
   Jan 9     3920   Jan 13       3930           10       0.26         47                   6.67      10,678                                                                         0.255
                                                                                 1.20      7.86      10,805                                                                         1.196
   Jan 16    3883   Jan 22       3763         -120      -3.09        153                   4.77      10,471                                                                         -3.09
                                                                                 4.07      8.84      10,897                                                                         4.066
   Feb 11    3610   Feb 13       3580          -30      -0.83        -35                   8.01      10,807                                                                         -0.83
                                                                                -0.98      7.03      10,701                                                                         -0.98
   Feb 14    3615   Feb 17       3659           44       1.22        -23                   8.25      10,831                                                                         1.217
                                                                                -0.63      7.62      10,763                                                                         -0.63
   Feb 20    3682   Feb 24       3718           36       0.98        108                   8.60      10,868                                                                         0.978
                                                                                 2.90     11.50      11,184                                                                         2.905
   Feb 27    3610   Mar 4        3656           46       1.27        324                  12.77      11,326                                                                         1.274
                                                                                 8.86     21.64      12,330                                                                         8.862
   Mar 13    3332   Mar 14       3589          257       7.71        -31                  29.35      13,281                                                                         7.713
                                                                                -0.86     28.49      13,167                                                                         -0.86
   Mar 17    3620   Mar 24       3858          238       6.57        232                  35.06      14,032                                                                         6.575
                                                                                 2.93     37.99      14,443                                                                         2.929
   Mar 25    3745   Mar 26       3780           35       0.93        -32                  38.92      14,578                                                                         0.935
                                                                                 6.01     44.94      15,455                                                                         6.013
   Mar 31    3626   Apr 3        3784          158       4.36        -37                  49.30      16,128                                                                         4.357
                                                                                -0.74     48.56      16,009                                                                         -0.74
   Apr 4     3812   Apr 7        3943          131       3.44        122                  51.99      16,559                                                                         3.437
                                                                                 3.09     55.09      17,071                                                                         3.094
   Apr 11    3821   Apr 16       3868           47       1.23        -31                  56.32      17,281                                                                          1.23
                                                                                -0.80     55.51      17,143                                                                          -0.8
   Apr 22    3899   Apr 24       3965           66       1.69         82                  57.21      17,433                                                                         1.693
                                                                                 2.07     59.28      17,794                                                                         2.068
   Apr 28    3883   Apr 30       3924           41       1.06         31                  60.33      17,982                                                                         1.056
                                                                                 0.79     61.12      18,124                                                                          0.79
   May 2     3893   May 8        3977           84       2.16         26                  63.28      18,515                                                                         2.158
                                                                                 0.65     63.93      18,636                                                                         0.654
   May 9     3951   May 12,13    3977           26       0.66        -33                  64.59      18,758                                                                         0.658
                                                                                -0.83     63.76      18,603                                                                         -0.83
   May 14    4010   May 19       3997          -13      -0.32         35                  63.44      18,542                                                                         -0.32
                                                                                 0.88     64.31      18,705                                                                         0.876
   May 20    3962   May 23       3966            4       0.10        -88                  64.41      18,724                                                                         0.101
                                                                                -2.22     62.19      18,308                                                                         -2.22
   May 28    4054   June 3       4086           32       0.79        -38                  62.98      18,453                                                                         0.789
                                                                                -0.93     62.05      18,281                                                                         -0.93
   June 4    4124   June 5       4099          -25      -0.61        -41                  61.45      18,170                                                                         -0.61
                                                                                -1.00     60.45      17,988                                                                            -1
   June 6    4140   June 13      4139           -1      -0.02         -9                  60.42      17,984                                                                         -0.02
                                                                                -0.22     60.21      17,945                                                                         -0.22
   June 20   4148                                                                         60.21      17,945
   June 26   4066                                                                         60.21      17,945
                    July 16      4086          -21      -0.13          6                  60.08      17,922                                                                         -0.13
                                                                                 0.15     60.22      17,948                                                                         0.147
   July 18   4080   July 21      4069          -11      -0.27          4                  59.96      17,900                                                                         -0.27
                                                                                 0.10     60.05      17,918                                                                         0.098
   July 22   4065   July 29      4138           73       1.80         -5                  61.85      18,239                                                                         1.796
                                                                                -0.12     61.73      18,217                                                                         -0.12
   July 31   4143   Aug 12       4188           45       1.09        -10                  62.81      18,415                                                                         1.086
                                                                                -0.24     62.58      18,371                                                                         -0.24
   Aug 13    4198   Aug 15       4248           50       1.19        -12                  63.77      18,590                                                                         1.191
                                                                                -0.28     63.48      18,538                                                                         -0.28
   Aug 18    4260   Aug 19       4276           16       0.38         59                  63.86      18,607                                                                         0.376
                                                                                 1.38     65.24      18,864                                                                          1.38
   Aug 20    4217   Aug 21       4242           25       0.59         43                  65.83      18,976                                                                         0.593
                                                                                 1.01     66.85      19,168                                                                         1.014
   Aug 27    4199   Sep 9        4281           82       1.95         18                  68.80      19,542                                                                         1.953
                                                                                 0.42     69.22      19,625                                                                          0.42
   Sep 15    4263   Sep 22       4214          -49      -1.15        -16                  68.07      19,399                                                                         -1.15
                                                                                -0.38     67.69      19,325                                                                         -0.38
   Sep 23    4230   Oct 7        4249           19       0.45        -51                  68.14      19,412                                                                         0.449
                                                                                -1.20     66.94      19,179                                                                          -1.2
   Oct 9     4300   Oct 17       4339           39       0.91        -17                  67.85      19,353                                                                         0.907
                                                                                -0.39     67.45      19,277                                                                         -0.39
   Oct 20    4356   Oct 22       4329          -27      -0.62         67                  66.83      19,158                                                                         -0.62
                                                                                 1.55     68.38      19,454                                                                         1.548
   Oct 27    4262   Nov 4        4301           39       0.92        -44                  69.30      19,632                                                                         0.915
                                                                                -1.02     68.27      19,431                                                                         -1.02
   Nov 7     4345   Nov 11       4342           -3      -0.07        -28                  68.21      19,418                                                                         -0.07
                                                                                -0.64     67.56      19,293                                                                         -0.64
   Nov 18    4370   Nov 20       4300          -70      -1.60        -14                  65.96      18,984                                                                          -1.6
                                                                                -0.33     65.63      18,922                                                                         -0.33
   Nov 21    4314   Nov 28       4350           36       0.83        -30                  66.47      19,080                                                                         0.834
                                                                                -0.69     65.78      18,948                                                                         -0.69
   Dec 9     4380   Jan 6, 20    4500          120       2.74         51                  68.52      19,467                                                                          2.74
                                                                                 1.13     69.65      19,688                                                                         1.133
   Jan 14    4449   Jan 22       4511           62       1.39                             71.04      19,962                                                                         1.394
                                                                                          71.04      19,962
 
                             Totals           1654         44        870        26.86     71.04
 
 
                  Total Index Points Gained This Quarter :          2524 Points
                  Total % Gained This Quarter :                     71.0 %
 
                  Cumulative Index Points Gained This Yr :          2524 Points
                  Total % Gained This Year :                          71 %
 
                  Performance of last transaction when marked to market:
 
                  Total Index Points Gained :                        121 Points
                  Total % Gained :                                   2.7 %                           20,498                                                                         2.682