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Bi-Weekly Performance 9-26-99 to 10-08-99


                                                79435.2 BW 9-27 Pos     Entry   Date    Exit    Date    Result JYZ     L       9571    26-Sep  9724    27-Sep  1862.5 BPZ     L       1.6408  26-Sep  1.6514  28-Sep  612.5 HGZ     S       8085    27-Sep  8175    28-Sep  -275 SFZ     L       6599    27-Sep  6661    28-Sep  725 GCZ     L       283.8   27-Sep  295.5   28-Sep  1120 SIZ     L       535.5   27-Sep  568     28-Sep  1575 HOX     L       6243    27-Sep  6250    28-Sep  -20.6 SX      L       484 3/4 27-Sep  484.25  6-Oct   -75 CTZ     L       5369    27-Sep  5430    8-Oct   255 SUH     S       671     27-Sep  661     28-Sep  62 KCZ     L       8345    27-Sep  8665    29-Sep  1150 COZ     L       1027    27-Sep  1067    28-Sep  350 LCZ     S       6887    27-Sep  6960    1-Oct   -340 LHZ     S       4717    27-Sep  4637    28-Sep  270 BDZ     L       114-27  27-Sep  112-02  12-Oct  -3662.5 SPZ     L       1296.4  27-Sep  1301.5  4-Oct   1225 SUH     L       661     28-Sep  681     28-Sep  174 WZ      L       286     28-Sep  255.75  8-Oct   -1462.5 CDZ     L       6854    28-Sep  6789    12-Oct  -700 CLX     S       2433    28-Sep  2398    4-Oct   300 KCZ     L       8670    29-Sep  9050    11-Oct  1375 SPZ     L-2     1290.8  29-Sep  1306.5  4-Oct   7750 SPZ     L       1290.8  29-Sep  1301.5  4-Oct   2625 SMZ     L       151     29-Sep  149.2   4-Oct   -230 BDZ     L       113-02  30-Sep  112-02  12-Oct  -1050 SFZ     S       6809    1-Oct   6714    8-Oct   1137.5 BOZ     L       1656    1-Oct   1689    6-Oct   148 CLX     L       2370    4-Oct   2345    5-Oct   -300 HUX     L       6800    4-Oct   6719    4-Oct   -390.2 HUX     S       6720    4-Oct   6605    5-Oct   391 CTZ     L       5195    4-Oct   5340    12-Oct  675 BPZ     L       1.656   4-Oct   1.654   12-Oct  -175 COZ     L       986     5-Oct   933     8-Oct   -580 COZ     L       988     5-Oct   933     8-Oct   -600 HOX     L       5945    5-Oct   5460    8-Oct   -2087 JYZ     L       9514    5-Oct   9490    12-Oct  -350 LHZ     L       4447    6-Oct   4520    6-Oct   250 JYZ     L       9373    6-Oct   9490    12-Oct  1412.5 CLX     L       2275    7-Oct   2186    12-Oct  -940 LCZ     S       7002    7-Oct   6990    12-Oct  0 HGZ     L       7840    8-Oct   7770    12-Oct  -225 CTZ     S       5430    8-Oct   5350    8-Oct   350 CZ      L       202 1/2 8-Oct   201     12-Oct  -125                                                 12207.2                                                                                                  91642.4 Material Assumptions : Each trade is derived from FuturesCom's Bi-Weekly Investment Outlook  and FuturesCom's Flashes and UpDates which pertain to the same. The slippage and fees are  computed at $ 50.00 per round turn trade ,and charged upon exit. Prices are dervied from Entry  and exits of Futures Contracts HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERANT LIMITATIONS., SOME OF WHICH ARE DESCRIBED  BELOW. NO REPRESENTAION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR  LOSSES SIMILAR TO THOSE SHOWN. IN FACT , THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN  HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY  PARTICULAR TRADING PROGRAM. ONE OF THE LIMITAIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT  THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSITE. IN ADDITION, HYPOTHETICAL TRADING DOES  NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE  IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO  ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN  ADVERSLY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET  IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY  ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN  ADVERSLY AFFECT ACTUAL TRADING RESULTS..