Q4 2006 Composite Performance

| Time Period | FAM Composite | Russell 1000 Growth TR | S&P 500 TR |
|---|---|---|---|
| 09/30/06-12/31/06 | 5.21% | 5.93% | 6.70% |
| 12/31/05-12/31/06 | 14.73% | 9.07% | 15.79% |
| 10/17/05-12/31/06 | 24.95% | 15.27% | 21.97% |
Fuller Asset Management, LLC (“Fuller Asset Management”) is an SEC registered investment adviser. The Fuller Large Cap Growth Composite Portfolio (the “Composite Portfolio”) represents actual client accounts invested according to Fuller Asset Management’s proprietary investment strategy. The Composite Portfolio invests in individual large cap equity securities with a view toward capital appreciation.
The results of the Composite Portfolio are net the actual Fuller Asset Management investment advisory fees charged to the client accounts within the composite, brokerage commissions and other expenses. Fuller Asset Management’s investment advisory fees are described in the disclosure statement of Part II of the Form ADV which is available upon request.
The results of the Composite Portfolio include the reinvestment of dividends. Comparison of the Composite Portfolio to the Russell 1000 Growth Total Return and the S&P 500 Total Return is for illustrative purposes only and the volatility of the Russell 1000 Growth Total Return and S&P 500 Total Return may be materially different from the volatility of the Composite Portfolio due to varying degrees of diversification and/or other factors.
Past performance of the Composite Portfolio may not be indicative of future results and the performance of a specific individual client account may vary substantially from the composite results above, in part because client accounts may be allocated among several portfolios. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable.

