Fixed Income Philosophy

Our objectives are: Maximize income return by employing a laddered maturity schedule Insure quality by limiting to 'Baa" rated issues

Our Style: Assess current position in business cycle and make "best guess" rate projections Determine most attractive position on yield curve Focus on intermediate term maturities Use no-load fixed income mutual funds where appropriate

Mutual Fund Philosophy

Our objectives are: Offer the client a high degree of management expertise and broad diversification Provide a way of allocating client assets in proportions designed to achieve above average performance combined with below average risk

Our Style: Use funds that have proven to be consistent performers in down markets and well as up markets Match fund objectives with client goals

* Mutual funds are not a deposit or obligation of, or guaranteed by any bank and therefore are not insured by the FDIC. They are subject to investment risks including possible loss of principal amount invested.