Stock Index Futures Managed Account Program
Pro Forma Proprietary Trading Performance (1% and 20%)

The profiles depicted below are based on the propriety account of Mr. Goldman inclusive of pro forma fees. Since past performance is not necessarily indicative of future results, the results set forth herein may not be indicative of the results that may be achieved by the Advisor in the future. No representation is being made that any account will or is likely to achieve profits or incur losses similar to those shown.

The Rates of Return represented and all performance data relating to the Rates of Return have been calculated on an accrual basis of accounting in accordance with Generally Accepted Accounting Principles, Commodity Futures Trading Commission Regulations, and National Futures Association Rules.