NAV Mar 2006

Current NAV: 1.2561 as at 24 Mar 06

Month	2005	2006
Jan		7.78%
Feb		0.39%
Mar	-0.41%	1.36%
Apr	-1.53%
May	-0.91%
Jun	1.40%
Jul	2.44%
Aug	2.87%
Sep	3.11%
Oct	1.69%
Nov	2.54%
Dec	2.60%