PORTFOLIO.

Any securities discussed herein are not representative of the performance of all the securities in the UGVP Portfolio, but are merely a sample.  UGVP has made numerous recommendations to the UGVP Funds, and only a small number of those recommendations are discussed herein.  As a result, you will not be able to determine the context in which any specific recommendation referred to herein was made or make any inference or assessment with regard to all the investment recommendations made by UGVP. In particular, it should not be assumed that recommendations made in the future will equal the performance of the investments discussed herein.  Contact UGVP if you would like information on recommendations not discussed herein.