Equity Performance Report - 06/30/08

Balanced Performance Report - 06/30/08

Performance Disclosure Statement

Past performance is no guarantee of future results.  The composite results shown are for FBP's institutional composite and do not reflect performance of accounts through which FBP acts as sub-advisor.   Net of fee results reflect the deduction of institutional fees.  Fees associated with lower minimum sub-advised accounts may be substantially higher than institutional fees.   For product-specific information, refer to your firm's manager profile for details on gross and net of fee performance of those accounts.

Furthermore, FBP is solely responsible for the content on this web-site.  The sponsoring firm in which FBP has a sub-advisory relationship has not reviewed or verified the accuracy or completeness of its content and is not responsible for any statements included herein.

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