Performance Growth of $100,000: Oxford Core Portfolio versus the S&P 500 and MSCI indexes Oxford PCG Core Portfolio versus the S&P 500 and the MSCI World Index  Year   2002  2003  2004   2005   2006  2007       2008*    Oxford  8.84%  27.80%  14.12%  5.96%  19.63%  7.08%     0.13    S&P 500  -23.37  26.38  8.99  3.00  13.62  3.55    -20.58    MSCI  -21.06  30.81  12.84  7.56  10.7  8.62   -31.07   Compounded returns  Period   Oxford Core*   S&P 500   1-year        0.14%  -24.73%  3-year        9.35    -1.7  6-year        12.78    6.17 Standard Deviation (volatility)  Period  1-year  3-year  5-year  Oxford  5.18%  5.44%    6.96%  S&P 500  14.78  11.4  11.37  *Performance figures are for the periods of Jan. 1, 2002 through Sept. 30, 2008 and are net of fees and do not include reinvestment of dividends. Figures are GIPS compliant. Compliance with GIPS has been independently examined by Lurie Besikof of Lurie Besikof Lapidus & Co., LLP.  Auditor's note: a composite is an aggregate of a number of portfolios into a single group that represents a particular investment objective or strategy. All returns are computed using a time-weighted total rate of return. The composite is defined to include all fee-paying, discretionary accounts that are managed according to the strategy. The independent accountant's report on verification with GIPS is available upon request.  Past performance has no guarantee of future results and is subject to change. This data is for informational purpopes only and is not a solicitation of services, programs or products. Investing can cause a fluctuation of portfolio value and can lead to loss. The S&P 500 is an equity index created and managed by Standard and Poor's and the MSCI is a global equity index created and managed by Morgan Stanley. Oxford can not guarantee the accuracy of their figures. ###