Structured Sell Discipline

Stocks are monitored for variations from expectations. Any of the following criteria being met will trigger a company to be sold:

	Removal from the S&P 500
	No longer having the highest relative CQS within its economic sector or industry group following annual sector review
	A significant decline in CQS as a result of news or a material change in one or more of the scoring criteria
	No longer having the highest CQS as a result of being reassigned to a different economic sector or industry group

Companies whose performance has resulted in a portfolio weight greater than the target range are trimmed.

A portfolio will generally experience less than 50% turnover annually. 

03/20/06