Montgomery Investment Management Inc. (MIM, the firm), formed 1987, is a SEC registered investment advisor which manages primarily US equities for both individual and institutional clients. MIM utilizes fundamental analysis in order to find securities with the best potential. MIM's Equity Composite strategy focuses on total return. Accounts comprising the Equity Composite are limited to those clients that adhere to MIM's investment philosophy without excessive positions with tax encumbrances. The Equity Composite and Index returns reflect the reinvestment of dividends and other earnings. MIM does not make use of leverage or derivatives. The Equity Composite assets as of December 31, 2006 were $141 million which represented 43% of the firm's total assets. The Equity Composite contains one non-fee paying account representing 45% of the composite assets as of December 31, 2006. However, for performance purposes, hypothetical management fees have been incorporated into the net of fees return for this account based on the current fee schedule. Returns are calculated in U.S. dollars. MIM has received a Firm-wide GIPS® Verification for the period January 1, 1993 through December 31, 2006. MIM claims compliance with the Global Investment Performance Standards (GIPS®). A complete list and description of all firm composites is available upon request. To receive a complete presentation that adheres to the GIPS® standards contact Elaine Schuler at 301-897-9783.