-------------------------------------------------------------------------------------------------------------------------------
Rule 10f-3 Acquisition of Securities from an Affiliate - April 1, 2002 through June 30, 2002
XxXX
MICROCAP FUND
-------------------------------------------------------------------------------------------------------------------------------
Security Purchased Comparison Security Comparison Security
-------------------------------------------------------------------------------------------------------------------------------
Issuer ALTIRIS, INC. NETFLIX, INC. COMMERCE ONE, INC.
-------------------------------------------------------------------------------------------------------------------------------
Underwriters CS First Boston, Deutsche Bank, Xxxxxxx, Xxxxxx Xxxxxx, US CS First Boston, DLJ , US
UBS Warburg, XX Xxxxxxxx, XX Bancorp Xxxxx Xxxxxxx, Bancorp Piper Jaffray,
Edwards, Invemed, Investec PMG Xxxxx & Co. XX Xxxxx, BancBoston Xxxxxxxxx
Capital, Xxxxxx Xxxxxxxxxx Xxxxx, Xxxxxxxx Capital Partners Xxxxxxxx, XX Xxxxxxx,
Pacific Crest, Prudential, RBC Invemed, Moors & Cabot,
Xxxx Xxxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx, SoundView
Xxxxxx, SoundView Technology Technology
-------------------------------------------------------------------------------------------------------------------------------
Years of continuous operation, >3 >3 >3
including predecessors
-------------------------------------------------------------------------------------------------------------------------------
Security ATRS NFLX CMRC
-------------------------------------------------------------------------------------------------------------------------------
Is the affiliate a manager or co-lead n/a n/a
co-manager?
-------------------------------------------------------------------------------------------------------------------------------
Underwriter or dealer from which CS First Boston n/a n/a
purchased
-------------------------------------------------------------------------------------------------------------------------------
Firm commitment? Yes Yes Yes
-------------------------------------------------------------------------------------------------------------------------------
Trade date/Date of Offering 5/22/2002 5/22/2002 5/5/1999
-------------------------------------------------------------------------------------------------------------------------------
Total dollar amount of offering $ - $ - $ -
sold to QIBs
-------------------------------------------------------------------------------------------------------------------------------
Total dollar amount of any $ 50,000,000.00 $ 82,500,000 $ 69,300,000
concurrent public offering
-------------------------------------------------------------------------------------------------------------------------------
Total $ 50,000,000.00 $ 82,500,000 $ 69,300,000
-------------------------------------------------------------------------------------------------------------------------------
Public offering price $ 10.00 $ 15.00 $ 21.00
-------------------------------------------------------------------------------------------------------------------------------
Price paid if other than public n/a n/a n/a
offering price
-------------------------------------------------------------------------------------------------------------------------------
Realized Gain/Loss on the Sale of $3,258 (-9.87%) n/a n/a
the Security
-------------------------------------------------------------------------------------------------------------------------------
Underwriting spread or commission $.70 (7%) $1.05 (7%) $1.47 (7%)
-------------------------------------------------------------------------------------------------------------------------------
Shares purchased 3,300 n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
$ amount of purchase $ 33,000.00 n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
% of offering purchased by fund 0.066% n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
% of offering purchased by 0.368% n/a n/a
associated funds*
-------------------------------------------------------------------------------------------------------------------------------
Total (must be less than 25%) 0.434% n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Rule 10f-3 Acquisition of Securities from an Affiliate - April 1, 2002 through June 30, 2002
XxXX
MICROCAP FUND
-------------------------------------------------------------------------------------------------------------------------------
Security Purchased Comparison Security Comparison Security
-
-------------------------------------------------------------------------------------------------------------------------------
Issuer AMERICAN MEDICAL SECURITY GROUP SRA INTERNATIONAL CROSS COUNTRY, INC.
-------------------------------------------------------------------------------------------------------------------------------
Underwriters CIBC World Mkts, Xxxxxx X. Xxxxxxx, UBS, Xxxx Mason, Merrill, Salomon, BofA,
Xxxxx, Xxxxxx Xxxxxxxx, BofA, Xxxxxxx Xxxxx, Xxxxx Xxxxxxxx SunTrust Capital
Deutsche Bank, XX Xxxxx, UBS, & Hill, BB&T Capital Mkts, Markets, CIBC World
Xxxxxxx Xxxxxxx, Emerging Growth Xxxxxxxx Xxxxxxxx Xxxxxx Markets
Equities, Xxxxxxxx Xxxxxxxx
Xxxxxx, Fulcrum Global Partners,
Gilford Sec., Leerink Swan & Co.
-------------------------------------------------------------------------------------------------------------------------------
Years of continuous operation, >3 >3 >3
including predecessors
-------------------------------------------------------------------------------------------------------------------------------
Security AMZ SRX CCRN
-------------------------------------------------------------------------------------------------------------------------------
Is the affiliate a manager or No No n/a
co-manager?
-------------------------------------------------------------------------------------------------------------------------------
Name of underwriter or dealer from CIBC World Markets n/a n/a
which purchased
-------------------------------------------------------------------------------------------------------------------------------
Firm commitment? Yes Yes Yes
-------------------------------------------------------------------------------------------------------------------------------
Trade date/Date of Offering 5/29/2002 5/23/2002 10/24/2001
-------------------------------------------------------------------------------------------------------------------------------
Total dollar amount of offering sold $ - $ - $ -
to QIBs
-------------------------------------------------------------------------------------------------------------------------------
Total dollar amount of any $ 46,980,000.00 $ 90,000,000 $ 132,812,500
concurrent public offering
-------------------------------------------------------------------------------------------------------------------------------
Total $ 46,980,000.00 $ 90,000,000 $ 132,812,500
-------------------------------------------------------------------------------------------------------------------------------
Public offering price $ 18.00 $ 18.00 $ 17.00
-------------------------------------------------------------------------------------------------------------------------------
Price paid if other than public n/a n/a n/a
offering price
-------------------------------------------------------------------------------------------------------------------------------
Unrealized gain/loss at 6/30/02 $306,539 (37.67%) n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
Underwriting spread or commission $1.06 (5.89%) $1.26 (7%) $1.19 (7%)
-------------------------------------------------------------------------------------------------------------------------------
Shares purchased 45,200 n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
$ amount of purchase $ 813,600.00 n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
% of offering purchased by fund 1.732% n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
% of offering purchased by 0.000% n/a n/a
associated funds*
-------------------------------------------------------------------------------------------------------------------------------
Total (must be less than 25%) 1.732% n/a n/a
-------------------------------------------------------------------------------------------------------------------------------
