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International funds are acummulationg CEU

Fund Fund Type Fund Perf. Report Date Current Shares Current Value Value Chng. Return Activity Shares Chng. Shares Chg.% Results

Sparx Asia Pacific Opportunities Fund (Sparx Funds Trust) Pacific Region 13.52 % 2009-03-13 602,572 0.00 % Added More 311,794 107.22 %

Sparx Asia Pacific Equity Income Fund (Sparx Funds Trust) Pacific Region 4.55 % 2009-03-13 370,724 0.00 % Added More 72,823 24.44 %

Money Market Portfolio (Morgan Stanley Variable Investment Series) Specialty & Misc 4.53 % 2009-03-10 1,114,700 0.00 % No Compare - - % -

Utilities Portfolio (Morgan Stanley Select Dimensions Investment Series) Utility 13.09 % 2009-03-10 463,000 0.00 % New Holding 463,000 100.00 %

None (Morgan Stanley Utilities Fund) Specialty & Misc 1.89 % 2009-03-10 2,287,881

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