Exhibit 1

Risk Free Adjusted Data

Date S&S S&P 500 Russell Oil Comp Wells Drillers Prod Crude
2/28/1993 10.95% -0.05% -3.13% 3.46% 4.49% 16.84% 10.82% 0.98%
3/31/1993 8.97% 1.56% 2.75% 3.43% 1.32% 9.09% 9.09% -0.34%
4/30/1993 9.08% -2.77% -3.08% 0.57% 7.73% 1.71% -3.75% 0.44%
5/31/1993 7.17% 2.05% 4.05% 0.85% 2.46% 11.41% -1.96% -2.48%
6/30/1993 -1.52% -0.21% 0.21% -1.14% -2.94% -1.96% -3.86% -5.84%
7/31/1993 -2.67% -0.81% 1.05% 0.59% 1.57% -6.44% -3.93% -5.15%
8/31/1993 9.32% 3.15% 3.82% 2.77% 3.04% 7.17% 10.11% 2.29%
9/30/1993 -4.72% -1.27% 2.48% 1.15% -5.45% -4.81% -0.19% 2.73%
10/31/1993 -3.57% 1.71% 2.23% -0.53% -5.59% -6.26% -7.60% -9.95%
11/30/1993 -14.23% -1.54% -3.63% -5.96% -8.72% -10.12% -11.96% -8.81%
12/31/1993 3.05% 0.76% 3.01% 0.70% 2.50% 3.89% -5.00% -8.17%
1/31/1994 4.83% 3.00% 2.82% 4.67% 0.40% -7.22% 9.03% 7.20%
2/28/1994 -6.99% -3.27% -0.64% -3.88% -3.27% -6.24% -7.95% -4.67%
3/31/1994 -4.96% -4.87% -5.74% -4.40% -6.79% -2.93% -4.42% 2.14%
4/30/1994 9.01% 0.85% 0.29% 4.38% 3.86% 1.65% 4.80% 14.27%
5/31/1994 -3.02% 0.90% -1.64% -0.59% 2.52% 3.85% -4.11% 8.34%
6/30/1994 0.19% -3.02% -3.95% -3.56% 3.46% 5.99% -2.56% 5.79%
7/31/1994 -1.60% 2.79% 1.21% 4.95% 0.52% -0.94% -2.61% 4.80%
8/31/1994 0.08% 3.39% 5.07% -1.10% -5.87% -8.15% -4.22% -13.40%
9/30/1994 2.79% -3.07% -0.85% -3.39% -2.39% 1.95% -2.78% 4.61%
10/31/1994 1.97% 1.68% -0.83% 7.69% 7.90% 7.94% 8.72% -1.20%
11/30/1994 -11.71% -4.38% -4.65% -5.31% -8.67% -12.06% -15.70% -0.66%
12/31/1994 -0.36% 0.77% 2.04% -1.28% -5.33% -8.52% -3.34% -1.61%
1/31/1995 -3.82% 1.96% -1.87% 1.26% 3.32% -3.49% -2.70% 3.55%
2/28/1995 7.55% 3.14% 3.47% 2.11% 6.81% 4.41% 9.54% 0.54%
3/31/1995 6.00% 2.27% 1.17% 4.74% 2.75% 3.72% 9.33% 3.68%
4/30/1995 1.91% 2.34% 1.61% 2.09% 4.81% 7.21% -2.07% 6.31%
5/31/1995 5.43% 3.17% 1.07% 2.50% 1.85% 4.02% 5.07% -7.31%
6/30/1995 -1.66% 1.68% 4.50% -3.86% -5.61% 2.71% -9.28% -7.89%
7/31/1995 1.64% 2.73% 5.23% 2.49% 6.83% -6.97% 3.98% 0.92%
8/31/1995 6.69% -0.47% 1.43% -4.74% -1.23% 4.90% 1.52% 1.59%
9/30/1995 2.50% 3.58% 1.23% 1.88% -1.28% -5.09% -4.34% -1.68%
10/31/1995 -8.66% -0.93% -4.98% 0.52% -6.25% -10.18% -8.31% 0.57%
11/30/1995 10.84% 3.67% 3.73% 3.27% 4.58% 8.56% 7.48% 3.06%
12/31/1995 14.82% 1.33% 1.98% 5.51% 10.12% 19.65% 1.76% 7.54%
1/31/1996 1.54% 2.85% -0.59% -0.87% 2.84% 7.74% -3.82% -9.26%
2/29/1996 2.41% 0.30% 2.63% -0.52% 3.71% 2.51% -3.30% 10.15%
3/31/1996 11.65% 0.39% 1.39% 3.95% 7.72% 9.03% 4.20% 9.88%
4/30/1996 14.36% 0.94% 4.89% 1.62% 7.08% 12.48% 4.86% -1.26%
5/31/1996 2.03% 1.88% 3.49% 0.38% -4.64% 0.34% 1.20% -6.79%
6/30/1996 5.47% -0.19% -4.63% 0.35% 0.19% -1.45% 7.77% 5.87%
7/31/1996 -6.70% -5.00% -9.25% -3.99% -7.07% -3.76% -1.99% -2.39%
8/31/1996 8.78% 1.47% 5.24% 0.44% 5.05% 8.99% 2.07% 8.96%
9/30/1996 9.07% 5.00% 3.33% 5.90% 0.08% 16.14% 5.31% 9.57% Chart Title
10/31/1996 6.58% 2.13% -2.16% 4.64% 13.27% 21.25% 5.71% -4.22% 10.00%

8.00%

6.00%

4.00%
f(x) = 0.3015798311x + 0.0025880173
R = 0.4030870493
2.00%
 Chart Title
10.00%
11/30/1996 4.44% 6.93% 3.57% 3.71% 3.48% 2.57% 6.27% 1.71% 8.00%
12/31/1996 -0.08% -2.57% 1.98% 0.30% -3.84% -4.16% -1.11% 9.14%
1/31/1997 7.33% 5.67% 1.43% 4.12% 10.90% 3.60% -1.94% -6.83% 6.00%
2/28/1997 -14.63% 0.20% -2.93% -3.98% -9.57% -18.59% -14.11% -15.94% 4.00%
f(x) = 0.3015798311x + 0.0025880173
3/31/1997 1.86% -4.68% -5.28% 4.50% 4.51% 11.74% 2.72% 0.54%
R = 0.4030870493
4/30/1997 -2.29% 5.36% -0.35% 0.55% 0.53% -12.08% 0.48% -0.98% 2.00%
5/31/1997 11.93% 5.35% 10.50% 5.60% 9.21% 23.19% 8.38% 3.32%
0.00%
6/30/1997 1.18% 3.98% 3.73% 3.48% 4.58% 13.57%
-20.00% -9.53% -5.17% -5.00%
-15.00% -10.00% 0.00%
7/31/1997 11.60% 7.36% 4.12% 5.10% 17.30% 16.24% 3.84% 1.72% -2.00%
8/31/1997 11.25% -6.17% 1.73% -4.56% -0.22% -4.31% 5.45% -2.63%
-4.00%
9/30/1997 7.88% 4.86% 6.72% 5.98% 8.35% 16.34% 1.56% 8.01%
10/31/1997 -1.73% -3.89% -4.97% -4.30% 4.37% 5.43% -2.44% -0.47% -6.00%
11/30/1997 -15.29% 4.07% -1.16% -1.48% -7.56% -10.38% -7.11% -9.16%
-8.00%
12/31/1997 -0.27% 1.14% 1.22% -1.33% -0.15% -10.91% -3.21% -7.89%
1/31/1998 -15.07% 0.49% -2.12% -5.15% -11.36% -18.41% -5.93% -2.44%
2/28/1998 6.37% 6.51% 6.85% 6.12% 6.07% 8.60% 3.56% -9.94%
3/31/1998 10.66% 3.85% 2.78% 4.55% 5.33% 9.18% 4.78% 1.29%
 russell 0.5279948265
oil 0.6276357702
we 0.7708991685
dril 0.770231
p 0.7657374883
crude 0.4133644398

cov beta
S&P 500 0.0007448438 0.000967 0.770101 0.770101
Russell 0.0013933043 0.001313 1.060898 1.060898
Oil Comp 0.0016252658 0.001236 1.315027 1.315027
Wells 0.0033545859 0.003571 0.939326 0.939326
Drillers 0.0053712186 0.009172 0.585638 0.585638
Prod 0.0035068283 0.003956 0.886555 0.886555
Crude 0.0019291693 0.004108 0.46963 0.46963

Chart Title
10.00%

8.00%

6.00%

4.00%
x) = 0.3015798311x + 0.0025880173
= 0.4030870493
2.00%
 Chart Title
10.00%

8.00%

6.00%

4.00%
x) = 0.3015798311x + 0.0025880173
= 0.4030870493
2.00%

0.00%
% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00% 20.00%
-2.00%

-4.00%

-6.00%

-8.00%
 5
s&p 500 russel oil comp wells drillers prod
r sq 0.1082 0.2788 0.4031 0.5943 0.5933 0.5864
correal 0.328 0.527 0.627 0.77 0.77 0.765
beta 0.7701013389 1.0608979501 1.315027 0.939326 0.585638 0.886555

6
r 0.012+0.33rwell+0.2514rdril+0.5031rprod

7 sp 500 sp ene
Period NET SSCM Energy (Rp) S&P 500 S&P Energy Composite
Rp-Rf Rm-Rf Rm-Rf
93 Q1 21.40% 3.50% 8.50% 18.90% 1.00% 6.00%
Q2 15.80% 50.00% 1.50% 13.30% 47.50% -1.00%
Q3 2.10% 2.60% 4.90% -0.40% 0.10% 2.40%
Q4 -14.30% 2.30% -6.00% -16.80% -0.20% -8.50%
94 Q1 -6.70% -3.80% -3.60% -9.20% -6.30% -6.10%
Q2 6.70% 40.00% 1.90% 4.20% 37.50% -0.60%
Q3 2.10% 4.90% 40.00% -0.40% 2.40% 37.50%
Q4 -9.30% 0.00% 1.00% -11.80% -2.50% -1.50%
95 Q1 11.10% 9.70% 10.30% 8.60% 7.20% 7.80%
Q2 7.10% 9.60% 1.90% 4.60% 7.10% -0.60%
Q3 12.50% 8.00% 1.20% 10.00% 5.50% -1.30%
Q4 17.60% 6.00% 10.60% 15.10% 3.50% 8.10%
96 Q1 17.30% 5.40% 4.70% 14.80% 2.90% 2.20%
Q2 24.40% 4.50% 3.90% 21.90% 2.00% 1.40%
Q3 11.90% 3.10% 90.00% 9.40% 0.60% 87.50%
Q4 12.50% 8.30% 10.80% 10.00% 5.80% 8.30%
97 Q1 -5.60% 2.70% 5.10% -8.10% 0.20% 2.60%
Q2 11.40% 17.50% 11.40% 8.90% 15.00% 8.90%
Q3 33.60% 7.50% 10.00% 31.10% 5.00% 7.50%
Q4 -17.30% 2.90% -5.30% -19.80% 0.40% -7.80%

std dev 0.1323564863 0.1307751284 0.210978

s&p500 s&penergy
beta 0.2547418289 0.1288345488
rsq 0.0633520068 0.0421741761
Annual Returns 49.90% 31.20% 23.10%
sharpe's ra 3.0145859192 1.6211033595 0.620919
jensen alp 0.3449947323 0.3821226741

8 Annual Returns
Period NET SSCM Energy (Rp) S&P 500 S&P Energy Composite
Rp-Rf Rm-Rf Composite - Rf
93 22.90% 9.20% 8.60% 12.90% -0.80% -1.40%
94 -7.90% 13.00% -0.30% -17.90% 3.00% -10.30%
95 57.50% 37.60% 25.80% 47.50% 27.60% 15.80%
96 83.90% 23.00% 21.70% 73.90% 13.00% 11.70%
 97 16.20% 33.40% 22.00% 6.20% 23.40% 12.00%

SD 0.3618206738 0.1236397994 0.110001

Annual Returns 49.90% 31.20% 23.10%
Beta 1.1930816129 2.4259398527

Jensen's Alpha 14.61% 8.12%

Sharpe Ratio 1.1027562239 1.714658233 1.190894
0.341715685 0.3040217754
M SQ -7.566% -0.970%
 crude
0.1709
0.413
0.46963

Composite - Rf
 1
Why would a regional brokerage offer/start a hedge fund? Answer the qs giving
From investors perspective, hedge fund provided a better vehicle for earning returns in both up and down markets.
Different risk/ reward characteristics of the hedge fund arising from wide latitude of a available investment strategies may also a
20% of the fund's profits will be reallocated to the general partners
Hedge funds ensure limited partners will not get below 10% return

A regional brokerage firm would have a limit of investment due to many constraints. These can be overcome by the use of hedg
2
the Fund managers perspective?
From the perspective of the fund manager, a hedge fund provides a very different compensation/ incentive scheme than the typ
Incentive fee which range from 5% to 25% of profits
Management fee is around 1% of asset under management
Fund manager have minimum regulations in investing in various funds. They can invest in their specific sectors in which they ar
3

What skill do you think are crucial for a hedge fund manager on top of

Hedge Fund Managers should be well versed with the use of shorts and the use of leverage and incentive based fee
structure .Other than that they should have sound Risk management skills to prevent losses when the strategy proves to be
failing.A non technical skill would be Social Capital which enables capitalizing the fund manager's expertise
own markets.
ment strategies may also appeal to a class

ercome by the use of hedge funds as they allow investment into different types of securities including currencies, commodities, derivatives, l

ntive scheme than the typical mutual fund

c sectors in which they are specialised.

ncentive based fee

e strategy proves to be
ger's expertise
ommodities, derivatives, long and short term equity positions. The usual growth of the hedge funds is higher than the market average.
the market average.
sales 200
credit terms 3/10 net 45
b/d 4% 8
customer availing disc 20%
dcp 60
bank intt 11%
cost of owners 14%

after factoring
dcp 45
adv payment 90% 85%
non rec
commision 3% 1.50%
discount 14% 13%

sales 220
sales 37.5% 192.06 184.195
non rec
before factoring after factoring
cash disc 1.2 comission 6.6 3.3
b/d 8
admin cost 0.3 Disc charge 3.36105 2.993169
op cost 4.2 cost of df 0.48895 0.581831
cost of debt Cost 10.45 6.875
bank 3.055556
own 0.000972
Benefit 8.756528
avg collection 50 Fact. Cost 6.875
16.75653 Benefit 1.881528
Exhibit 3

DYNAMIS ENERGY HEDGE FUND: Risk Free Adjusted Data

Date S&S S&P Russell OSX Crude SPOILD SPOILP SPOILW Bonds
2-Jul-97 1.15% 1.44% 0.13% 2.96% 1.09% 3.87% 1.98% 3.19% 0.14%
3-Jul-97 -0.06% 1.41% 0.35% -1.11% -3.83% 0.02% 0.30% -1.17% 0.50%
7-Jul-97 2.78% -0.53% 0.00% 0.47% -0.20% 1.62% -0.36% -0.23% 0.24%
8-Jul-97 0.04% 0.70% 0.49% -0.54% 1.08% -0.10% 0.12% -0.01% -0.01%
9-Jul-97 -0.40% -1.24% -0.24% -1.62% -1.37% -2.61% -2.46% -0.02% 0.12%
10-Jul-97 1.53% 0.67% 0.42% 2.63% -1.23% 3.54% 0.95% 2.28% -0.02%
11-Jul-97 1.68% 0.30% 0.76% 2.94% 0.57% 4.07% 0.57% 1.77% 0.08%
14-Jul-97 -1.09% 0.17% 0.38% -1.04% -1.76% -1.48% -1.91% -0.11% -0.06%
15-Jul-97 0.42% 0.78% 0.61% 3.02% 3.58% 1.85% -0.16% 2.48% 0.00%
16-Jul-97 1.17% 1.15% 0.92% 2.43% -0.10% 2.28% 1.74% 1.55% 0.29%
17-Jul-97 1.53% -0.55% -0.53% 1.22% 1.73% 1.84% 1.96% 2.38% -0.01%
18-Jul-97 -0.93% -1.77% -0.56% -1.49% -3.60% -1.72% -0.81% -1.98% -0.20%
21-Jul-97 -1.27% -0.28% -0.62% -1.04% -0.47% -2.33% -1.25% -1.82% -0.08%
22-Jul-97 1.18% 2.28% 0.65% 1.54% -0.52% 1.84% 2.81% 3.09% 0.52%
23-Jul-97 -0.64% 0.26% 0.34% -1.85% 1.42% -1.45% -0.44% -3.04% 0.05%
24-Jul-97 -0.01% 0.38% 0.11% -0.93% 0.93% -2.34% 0.28% -0.49% -0.02%
25-Jul-97 1.18% -0.18% 0.07% 0.57% 0.82% 0.54% -0.60% 0.74% -0.12%
28-Jul-97 0.45% -0.27% 0.01% -0.37% 0.61% -0.03% -0.10% -0.77% 0.19%
29-Jul-97 1.44% 0.60% 0.27% 2.83% 0.20% 1.65% 0.16% 1.66% 0.21%
30-Jul-97 2.26% 1.04% 0.85% 2.85% 2.27% 1.49% 0.95% 1.28% 0.19%
31-Jul-97 -0.04% 0.19% 0.23% -0.06% -0.79% 0.72% -0.11% 1.39% 0.17%
1-Aug-97 0.50% -0.77% -0.09% 0.41% 0.70% 0.35% 0.21% -0.29% -0.85%
4-Aug-97 0.42% 0.31% 0.32% -0.41% 2.32% -2.61% 0.26% -0.64% -0.07%
5-Aug-97 1.87% 0.20% 0.63% 2.18% 0.29% 2.46% 3.52% 2.28% -0.05%
6-Aug-97 0.95% 0.81% 0.56% 1.11% -1.68% 1.91% -0.42% 0.91% 0.05%
7-Aug-97 -0.23% -0.97% -0.17% -0.83% -1.81% -1.07% 0.21% -0.93% -0.20%
8-Aug-97 -2.31% -1.88% -1.43% -3.32% -2.74% -3.52% -2.56% -2.92% -0.66%
11-Aug-97 -0.55% 0.35% -0.40% -0.89% 0.77% -0.65% 1.51% -0.66% 0.06%
### 0.09% -1.14% -0.32% -0.10% 1.52% -1.51% -0.03% -1.58% -0.10%
### -0.36% -0.51% 0.03% -0.10% 1.00% -0.58% -0.59% 0.18% 0.17%
### -1.74% 0.28% 0.03% -2.37% -0.54% -2.28% -0.85% -2.16% 0.34%
### -1.04% -2.61% -0.82% -1.61% -0.05% -3.79% -1.22% -2.89% 0.05%
### -0.34% 1.28% 0.02% 0.22% -0.80% 0.26% 0.09% 1.53% 0.26%
### 2.02% 1.46% 1.22% 3.08% 1.05% 3.16% 1.25% 3.00% 0.00%
### 1.50% 1.42% 1.26% 1.57% -0.30% 2.07% 2.26% 2.53% -0.14%
### -0.18% -1.54% -0.51% -0.39% -3.04% -0.98% -2.16% -1.89% -0.30%
### 0.06% -0.18% -0.33% -0.86% 0.36% -0.74% 0.13% -0.87% -0.31%
### 0.84% -0.39% 0.55% 0.89% -2.10% 1.96% 0.59% 0.29% -0.04%
### 2.25% -0.80% 0.03% 2.40% 0.89% 2.86% -0.43% 2.11% 0.04%
### 2.57% 0.05% 0.58% 3.51% 2.33% 0.02% 1.90% 2.62% 0.01%
### 1.30% -1.12% 0.16% 2.26% -0.76% -0.68% 0.97% 1.33% 0.40%
### 0.17% -0.48% 0.42% -1.92% 0.15% -0.64% 0.86% -1.82% -0.21%
2-Sep-97 1.09% 3.11% 1.07% 1.00% 0.20% 0.12% 2.98% 2.09% 0.24%
3-Sep-97 0.54% 0.01% 0.15% -0.14% -0.20% 0.01% 0.82% -0.39% -0.09%
4-Sep-97 -0.64% 0.30% 0.19% -0.42% -1.07% 2.50% -1.00% 0.13% -0.03%
 5-Sep-97 0.74% -0.22% 0.76% 0.46% 1.19% 1.28% -1.19% -0.14% -0.15%
8-Sep-97 -0.07% 0.21% 0.66% -0.15% -0.92% -1.19% -0.33% -1.07% 0.13%
9-Sep-97 2.38% 0.24% 0.38% 0.75% -0.15% 2.30% 1.10% 0.40% -0.04%
### -2.34% -1.58% -0.21% 1.38% 0.00% -0.72% -0.53% 1.24% -0.11%
11-Sep-97 1.74% -0.72% -0.24% -0.61% 0.57% -0.09% -2.58% -1.52% -0.13%
### 3.69% 1.22% 0.93% 4.12% -1.08% 5.05% -0.14% 4.12% 0.46%
### 1.79% -0.47% 0.00% 2.51% -0.26% 2.43% -0.77% 1.44% 0.09%
### -0.62% 2.79% 1.12% -0.12% 1.76% 0.48% 1.26% 0.63% 0.83%
### 0.97% -0.30% 0.20% 0.82% -0.97% 0.64% -0.60% 0.52% 0.08%
### -0.70% 0.44% 0.06% -0.22% -0.21% 0.05% 0.68% -0.13% -0.05%
### -0.57% 0.32% 0.13% -0.09% -0.15% 0.04% -0.99% 0.50% 0.05%
### 0.64% 0.50% 0.39% 0.07% 1.29% 1.03% 0.65% 0.54% 0.17%
### -0.61% -0.39% 0.08% -1.51% 0.97% -2.01% -0.83% -1.31% -0.18%
### -1.13% -0.80% -0.21% -1.96% 0.15% -2.00% 1.69% -2.09% 0.26%
### 0.91% -0.71% -0.17% 1.38% 2.17% 2.55% 0.64% 0.57% -0.40%
### 2.73% 0.76% 0.20% -0.08% 3.06% 0.40% 0.44% 0.73% 0.19%
### -2.13% 0.84% 0.52% 2.46% 1.87% 3.41% 0.35% 2.19% -0.01%
### 3.63% -0.65% 0.54% -0.44% -0.38% -0.80% 0.07% -0.18% -0.12%
1-Oct-97 -0.54% 0.84% 0.17% 1.03% -0.61% 1.25% -0.22% 1.43% 0.42%
2-Oct-97 0.57% 0.51% 0.48% -0.03% 3.42% 0.44% 0.31% 0.37% 0.10%
3-Oct-97 1.41% 0.46% 0.55% 1.97% 4.55% 4.73% 1.11% 0.44% 0.01%
6-Oct-97 2.78% 0.77% 0.46% 2.67% -3.65% 2.45% 1.74% 0.38% 0.27%
7-Oct-97 0.94% 1.05% 0.43% 2.01% 0.14% 1.22% 1.07% 2.36% 0.11%
8-Oct-97 0.50% -0.96% -0.05% -1.05% 1.00% -1.52% -1.44% -1.27% -0.66%
9-Oct-97 2.99% -0.35% 0.17% 4.28% -0.27% 3.59% -0.64% 2.75% -0.07%
10-Oct-97 1.31% -0.39% 0.08% 0.57% -0.09% 3.90% 0.28% 0.92% -0.30%
13-Oct-97 -1.64% 0.10% 0.02% -2.90% -3.53% -4.90% -0.39% -2.16% -0.02%
14-Oct-97 -2.08% 0.21% -0.29% -2.00% -2.91% -2.91% -1.26% -1.77% 0.41%
15-Oct-97 -1.07% -0.49% -0.28% -0.22% -0.63% 1.39% -0.74% -0.41% -0.16%
16-Oct-97 -1.55% -1.10% -1.22% -1.77% 1.94% -3.36% -0.26% -1.82% 0.00%
17-Oct-97 -2.52% -1.18% -1.74% -1.46% -1.81% -1.98% -1.74% 0.84% -0.33%
20-Oct-97 2.60% 1.19% 1.00% 4.70% 0.53% 6.06% 2.77% 4.72% 0.11%
21-Oct-97 2.23% 1.73% 1.10% 2.54% -0.14% 2.42% 1.40% 2.28% -0.01%
22-Oct-97 -1.30% -0.41% -0.17% -0.80% 2.76% -1.81% 0.88% -1.57% 0.06%
23-Oct-97 -2.42% -1.86% -1.96% 0.36% -1.88% -0.62% -3.05% 1.19% 0.47%
24-Oct-97 0.29% -0.97% -0.43% -0.44% -0.24% -1.52% 0.81% -1.19% 0.15%
27-Oct-97 -8.73% -6.89% -6.14% -9.88% 1.35% -9.06% -5.46% -10.42% 0.48%
28-Oct-97 2.30% 5.10% 2.18% 4.55% -2.90% 1.60% 2.46% 6.48% -0.38%
29-Oct-97 0.70% -0.31% 1.27% 0.29% 1.22% 3.81% -0.38% 0.19% 0.33%
30-Oct-97 -0.49% -1.70% -1.45% 1.02% 2.46% -0.50% -0.93% 1.33% 0.26%
31-Oct-97 0.76% 1.19% 1.05% 0.83% -0.66% 1.91% 1.60% 0.27% 0.09%
3-Nov-97 2.17% 2.64% 1.76% 2.90% -0.57% 3.05% 1.95% 3.42% -0.31%
4-Nov-97 2.11% 0.17% 0.28% 3.50% -1.24% 3.57% -0.31% 2.02% -0.21%
5-Nov-97 1.29% 0.19% 0.53% 0.98% -1.88% 2.24% -1.08% 1.48% 0.02%
6-Nov-97 -0.66% -0.52% -0.45% -1.47% 0.39% -0.25% -0.82% -1.70% 0.25%
7-Nov-97 -2.66% -1.14% -1.74% -2.38% 1.86% -3.63% -1.99% -2.65% -0.03%
### 0.35% -0.71% 0.02% -0.06% -1.78% 0.74% -0.50% -1.02% 0.00%
11-Nov-97 -1.91% 0.27% -0.47% -2.33% 0.54% -2.67% 1.15% -0.64% -0.02%
### -2.69% -1.95% -2.32% -2.60% -0.10% -3.16% 0.59% -1.94% 0.12%
### -3.18% 1.16% -0.03% -3.23% 1.02% -3.71% -0.74% -1.82% 0.08%
 ### 0.25% 1.26% 1.17% 1.33% 1.45% 2.13% -0.37% 1.42% 0.05%
### 0.87% 1.90% 1.67% 0.90% -3.52% 2.66% 2.00% 1.97% 0.11%
### -4.00% -0.86% -0.83% -5.49% -1.09% -6.44% -1.51% -5.25% 0.00%
### -4.08% 0.66% -0.35% -4.14% -1.20% -2.20% -0.24% -2.44% 0.20%
### 2.01% 1.50% 1.14% 3.07% -3.23% 2.78% 0.63% 2.39% -0.14%
### -1.23% 0.41% -0.17% -0.35% 1.30% -0.78% -0.92% 0.61% 0.13%
### -4.21% -1.72% -1.68% -4.91% 0.10% -4.27% -1.90% -4.08% -0.20%
### -0.97% 0.42% -0.23% 0.92% -0.51% 0.77% -3.01% 0.33% 0.06%
### 0.39% 0.07% 0.27% 0.52% -0.93% -1.00% -0.53% 0.31% -0.02%
### -0.22% 0.38% 0.39% -0.29% 0.00% 0.08% 0.43% 0.26% 0.03%
1-Dec-97 -2.81% 2.01% 0.97% -4.66% -2.56% -3.92% -2.91% -4.50% 0.06%
2-Dec-97 6.70% -0.34% -0.41% 4.25% 0.54% 1.90% 1.26% 3.32% 0.02%
3-Dec-97 5.60% 0.50% 0.29% 5.55% 0.21% 2.42% 0.31% 2.74% 0.09%
4-Dec-97 -1.96% -0.40% 0.23% -1.96% -1.06% -3.09% -1.31% -0.29% -0.03%
5-Dec-97 3.99% 1.08% 0.70% 5.61% 0.59% 5.62% 2.99% 4.31% -0.28%
8-Dec-97 2.10% -0.16% 0.89% 1.91% 0.69% 1.72% -0.27% 1.75% -0.27%
9-Dec-97 -2.12% -0.69% -0.90% -2.25% -0.90% -1.74% -1.76% -1.53% 0.06%
### -2.35% -0.63% -1.24% -2.09% -2.84% -2.65% -0.79% -1.57% 0.23%
11-Dec-97 -4.56% -1.55% -1.89% -3.91% 0.06% -4.45% -1.62% -3.82% 0.36%
### -2.65% -0.18% -0.51% -3.93% 0.33% -2.94% -0.46% -2.02% 0.40%
### -4.69% 1.03% -0.46% -4.76% -0.22% -5.53% -0.85% -2.32% -0.17%
### 2.59% 0.46% 1.07% 3.29% 0.00% 5.85% 0.33% 1.30% 0.05%
### 2.98% -0.28% 0.24% 1.43% 0.11% -0.37% 1.02% -0.66% -0.16%
### -2.38% -1.08% -1.45% -2.74% 1.81% -2.99% -1.27% -1.02% 0.21%
### -0.96% -0.91% -0.10% -2.41% -0.70% -3.57% -1.13% -2.18% 0.19%
### -1.39% 0.71% 0.66% -3.01% -1.14% -5.74% -0.15% -1.17% 0.04%
### -3.22% -1.55% -0.22% -4.06% 0.06% -2.47% -2.05% -1.83% -0.02%
### 3.15% -0.70% -0.25% 3.87% 0.33% 1.65% 0.98% 1.32% -0.06%
### 0.66% 0.38% 0.09% 0.49% -0.27% 1.30% -0.68% -0.30% 0.01%
### 3.30% 1.78% 1.21% 4.22% -3.19% 3.47% 3.06% 2.79% -0.06%
### 0.88% 1.81% 1.70% 1.70% -0.11% 2.24% -0.24% 3.59% -0.24%
### 5.39% -0.06% 0.67% 4.09% 0.23% 3.10% 2.55% 2.58% 0.26%
2-Jan-98 -1.63% 0.45% -0.13% -1.61% -1.19% -1.01% -1.22% -0.70% 0.43%
5-Jan-98 -5.00% 0.19% 0.10% -5.83% -3.10% -7.95% -2.63% -4.31% 0.73%
6-Jan-98 -6.37% -1.09% -0.93% -5.32% 0.12% -3.87% -4.18% -3.42% 0.08%
7-Jan-98 3.39% -0.29% -0.78% 3.29% -0.53% 2.36% 1.37% 1.95% -0.27%
8-Jan-98 -5.32% -0.85% -0.97% -5.45% 0.89% -4.85% -1.93% -4.26% 0.34%
9-Jan-98 -9.45% -2.99% -3.02% -6.76% -2.00% -9.77% -3.28% -5.38% 0.42%
12-Jan-98 -3.15% 1.22% -0.52% -1.51% -0.96% -1.03% -0.66% -0.40% 0.04%
13-Jan-98 5.71% 1.35% 1.82% 4.12% -0.24% 7.13% 3.34% 3.16% -0.11%
14-Jan-98 4.22% 0.59% 0.81% 3.84% 0.12% 3.78% 0.91% 2.29% -0.19%
15-Jan-98 -1.08% -0.77% -0.06% -1.30% -0.67% -2.35% 0.81% 0.09% -0.05%
16-Jan-98 4.99% 1.11% 1.05% 5.57% 1.04% 5.34% 4.48% 3.95% -0.34%
20-Jan-98 6.35% 1.76% 1.17% 5.44% -0.55% 5.28% 1.32% 3.45% -0.07%
21-Jan-98 -0.01% -0.82% -0.35% -0.51% -1.46% -1.19% -0.69% 0.78% 0.12%
22-Jan-98 -9.01% -0.82% -0.88% -9.76% -2.10% -8.49% -4.37% -10.72% -0.09%
23-Jan-98 -0.95% -0.59% -0.35% -2.40% -1.58% -2.40% -0.59% -1.61% -0.70%
26-Jan-98 2.60% -0.09% -0.91% 2.50% 7.89% 1.18% 1.06% 2.69% 0.38%
27-Jan-98 -1.09% 1.24% 0.34% -1.29% 0.95% -1.77% -0.43% -0.76% -0.34%
28-Jan-98 1.46% 0.85% 1.42% 2.98% 1.94% 1.72% 1.40% 3.41% 0.03%
29-Jan-98 4.83% 0.80% 0.77% 3.98% 2.95% 4.63% 1.84% 2.79% 0.57%
30-Jan-98 -3.46% -0.55% -0.47% -4.40% -3.42% -4.50% -1.96% -3.42% 0.18%
2-Feb-98 -0.74% 2.12% 1.00% -0.67% -0.93% -2.03% -0.09% -0.32% -0.22%
3-Feb-98 1.82% 0.45% 0.76% 0.71% -3.23% 3.07% 1.43% 0.53% 0.03%
4-Feb-98 6.01% 0.07% 0.90% 6.23% -0.79% 7.47% 0.83% 4.64% -0.01%
5-Feb-98 1.81% -0.35% 0.48% 1.26% 1.28% 1.99% 1.15% 0.99% -0.28%
6-Feb-98 -0.25% 0.87% 0.31% -1.19% 0.72% -3.18% 1.31% -0.87% -0.01%
9-Feb-98 -0.91% -0.19% 0.38% -2.15% -0.42% -1.22% -0.16% -1.84% -0.14%
10-Feb-98 0.57% 0.80% 0.85% 1.06% -1.20% 2.32% 1.23% 1.26% 0.09%
11-Feb-98 -1.60% 0.08% 0.16% -1.54% -1.70% -0.70% -2.01% -0.52% 0.33%
12-Feb-98 -2.76% 0.39% 0.07% -2.10% -1.18% -0.78% -0.36% -1.21% -0.09%
13-Feb-98 2.36% -0.41% 0.40% 2.57% 0.38% 2.32% -0.19% 1.80% 0.17%
17-Feb-98 -3.96% 0.24% -0.26% -4.65% -2.25% -5.25% -0.35% -3.46% 0.27%
18-Feb-98 2.97% 0.89% 0.31% 3.88% 3.77% 4.81% 1.37% 2.08% -0.20%
19-Feb-98 -1.33% -0.39% -0.12% -1.00% -0.55% -1.14% -1.59% -0.55% -0.08%
20-Feb-98 0.44% 0.56% -0.07% 0.02% -0.06% -0.14% 0.34% -0.57% -0.11%
23-Feb-98 -3.04% 0.36% 0.49% -3.84% -6.01% -3.28% -2.21% -2.99% -0.21%
24-Feb-98 -0.64% -0.75% -0.46% -0.61% -0.20% -1.64% -0.57% -1.19% -0.48%
25-Feb-98 1.69% 1.18% 0.90% 2.19% 0.73% 3.47% 0.57% 3.39% 0.25%
26-Feb-98 6.86% 0.53% 0.65% 6.65% 0.98% 4.61% 2.78% 5.55% -0.14%
27-Feb-98 -1.37% 0.04% 0.04% -0.44% 0.58% -1.35% 0.32% -0.16% 0.12%
2-Mar-98 2.64% -0.18% -0.08% 3.81% -0.45% 5.17% 0.09% 2.87% -0.44%
3-Mar-98 4.43% 0.39% 0.17% 4.04% -0.45% 3.22% 2.48% 2.55% -0.23%
4-Mar-98 -1.02% -0.47% -0.08% -1.55% 0.46% -2.45% -1.15% -2.48% 0.06%
5-Mar-98 1.70% -1.19% -1.17% -0.09% 0.13% 0.42% -1.46% -0.68% -0.08%
6-Mar-98 -0.87% 1.97% 1.49% -2.24% -2.72% -2.15% -0.54% -2.30% 0.23%
9-Mar-98 -5.09% -0.34% -0.58% -4.09% -3.86% -3.28% -2.06% -3.85% 0.30%
10-Mar-98 -0.19% 1.11% 0.74% 0.57% -0.42% -2.07% 0.98% 1.74% 0.01%
11-Mar-98 -1.05% 0.38% 0.52% -1.18% -0.56% -1.30% 0.21% -1.14% 0.17%
12-Mar-98 0.68% 0.11% 0.12% 0.33% 0.07% 0.55% -0.43% -0.67% 0.32%
13-Mar-98 -0.18% -0.15% 0.19% -0.51% -0.98% 0.20% -0.20% -0.22% -0.10%
16-Mar-98 -2.45% 0.98% 0.62% -3.12% -5.50% -3.00% -0.07% -2.32% 0.22%
17-Mar-98 -3.98% 0.09% -0.16% -2.35% -0.37% -2.22% -1.51% -2.86% -0.16%
18-Mar-98 3.64% 0.45% 0.21% 6.17% 8.39% 6.31% 3.16% 4.84% -0.10%
19-Mar-98 1.70% 0.37% 0.43% 1.48% -0.55% -0.35% 2.13% 1.42% -0.05%