"Past performance is no indication of future performance. This is the return of one account who had no need for income and was growth oriented".

Actual Client Performance
1/1/02 Through 12/31/10

(VAM returns net of fees and taxes)

Actual Returns

2002	2003	2004	2005	2006	2007	2008	2009	2010
-13.22%	26.72%	20.51%	5.12%	18.12%	14.21%	-37.11%	31.23%	16.50%
vs	vs	vs	vs	vs	vs	vs	vs	vs
S&P 500	S&P 500	S&P 500	S&P 500	S&P 500	S&P 500	S&P 500	S&P 500	S&P 500
-23.40%	26.10%	9.13%	3.51%	13.62%	4.20%	-38.43%	23.55%	12.73%

Client “A” Portfolio

1 year	3 year avg.	5 year avg.	8 year avg.	9 year avg.
16.50%	3.54%	8.59%	11.91%	9.12%
vs	vs	vs	vs	vs
S&P 500	S&P 500	S&P 500	S&P 500	S&P 500
12.73%	-.72%	3.13%	6.80%	3.45%

This is the actual performance of a Vision Asset Management client. This is not an indication of future performance. As of January 1st, 2011.

Reports furnished upon request.