TRACK   RECORD   OF   FTSE   MARKET   ALERTS
 
                                  1st & 2nd Quarters   2001         updated June 30, 2001
 
   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
                 Bf last quarter :         0        0.00                                0.00
 
 
  Jan 4     6167   Jan 16    6088        -79       -1.28        -80                    -1.28        9,872                                     -1.28
                                                                           -1.31       -2.60        9,742                                     -1.31
  Jan 17    6168   Jan 31    6288        120        1.95         88                    -0.65        9,932                                     1.946
                                                                            1.40        0.75       10,071                                     1.399
  Feb 12    6200   Feb 14    6191         -9       -0.15        308                     0.60       10,056                                     -0.15
                                                                            4.97        5.58       10,556                                     4.975
  Mar 5     5883   Mar 9     5983        100        1.70        371                     7.28       10,736                                       1.7
                                                                            6.20       13.48       11,402                                     6.201
  Mar 15    5612   Mar 16    5592        -20       -0.36          3                    13.12       11,361                                     -0.36
                                                                            0.05       13.18       11,367                                     0.054
  Mar 20    5589   Mar 21    5580         -9       -0.16        159                    13.02       11,349                                     -0.16
                                                                            2.85       15.87       11,672                                     2.849
  Mar 23    5421   Mar 28    5656        235        4.33        197                    20.20       12,178                                     4.335
                                                                            3.48       23.68       12,602                                     3.483
  Apr 4     5459   Apr 6     5591        132        2.42       -114                    26.10       12,907                                     2.418
                                                                           -2.04       24.06       12,644                                     -2.04
  Apr 10    5705   Apr 11    5810        105        1.84         10                    25.90       12,876                                      1.84
                                                                            0.17       26.08       12,899                                     0.172
  Apr 18    5800   Apr 19    5880         80        1.38         69                    27.46       13,077                                     1.379
                                                                            1.17       28.63       13,230                                     1.173
  Apr 26    5811   Apr 30    5982        171        2.94        190                    31.57       13,619                                     2.943
                                                                            3.18       34.75       14,052                                     3.176
  May 4     5792   May 11    5949        157        2.71        159                    37.46       14,433                                     2.711
                                                                            2.67       40.13       14,819                                     2.673
  May 16    5790   May 17    5929        139        2.40        -35                    42.53       15,174                                     2.401
                                                                           -0.59       41.94       15,085                                     -0.59
  May 22    5964   May 23    5970          6        0.10        178                    42.04       15,100                                     0.101
                                                                            2.98       45.02       15,550                                     2.982
  May 31    5792   June 7    5934        142        2.45        246                    47.48       15,931                                     2.452
                                                                            4.15       51.62       16,592                                     4.146
  June 18   5688   June 25   5691          3        0.05        100                    51.67       16,601                                     0.053
                                                                            1.76       53.43       16,892                                     1.757
  June 27   5591                                                                       53.43       16,892
 
 
 
 
                          Totals        1273       22.33       1849        31.10       53.43
 
 
                 Total Index Points Gained This Quarter :      3122 Points
                 Total % Gained This Quarter :                   53 %
 
                 Cumulative Index Points Gained This Year      3122 Points
                 Total % Gained This Year :                      53 %
 
                 Performance of last transaction when marked to market:
 
                 Total Index Points Gained :                     51 Points
                 Total % Gained :                                 1 %                              17,046                                     0.912