This information is supplemental to the full Annual Disclosure Presentation. TSAI CAPITAL VS. RUSSELL 1000 GROWTH INDEX As of 3-31-08, Gross of Fees Since Inception on 1-1-98 Cumulative / Annualized
Tsai Russell 1000 Growth		+ 65.12% / +5.02% + 30.77% / +2.65%
3 Years Cumulative / Annualized
Tsai Russell 1000 Growth		+ 20.13% / +6.30% + 20.22% / +6.33%
1 Year
Tsai Russell 1000 Growth		+ 9.34% - 0.75%
Year to Date
Tsai Russell 1000 Growth		- 6.67% - 10.18%

Notes:

Past performance is not indicative of future results. Performance information provided herein includes the reinvestment of interest, dividends, and other earnings. The performance data excludes accounts that are considered “nondiscretionary” by the adviser due to client-mandated or other account restrictions. Performance as indicated above is for the Tsai Large Cap Growth Equity composite of separately managed accounts. Performance reflects the deduction of all trading expenses and is GROSS of advisory fees. The client's return will be reduced by the advisory fees that Tsai Capital charges for the management of an account. Individual account performance and investment management fees incurred by clients may vary, as fees for smaller accounts are higher, on a percentage basis, than for larger accounts. For more information on our performance and fees, please view our Annual Disclosure Presentation. Legal Counsel Gunster, Yoakley & Stewart, P.A. West Palm Beach, Florida Compliance D.E. Scott & Associates, LLC New York, New York