Capital Appreciation Stock Account

Objective:
The Discovery Equity Advisors Capital Appreciation Stock Account seeks above average market returns, from a combination of capital growth and money markets, by investing in common stocks.

Principal Investment Strategy:
The account makes investments that emphasize growth opportunities in industry groups and specific stocks. The advisor uses proprietary investment and analysis to help identify specific common stocks. The advisor focuses on companies that demonstrate above average growth in revenues and earnings, and compete in a sector that is also experiencing growth. To hedge potential market fluctuations, the advisor attempts to raise the percentage of cash the account holds whenever market conditions dictate.

The account typically invests in small and midsize capitalization companies but reserves the right to invest in companies of any size.

Principal Risks:
The return on and value of an investment in the account will fluctuate in response to stock market movements. Common stocks are subject to market risks, such as rapid increase or decrease in a stock's value or liquidity, and fluctuations due to a company's earnings, economic conditions and other factors beyond the control of the advisor. As a result, there is a risk that you could lose money by investing in this account.

Portfolio Turnover:
The account intends to use intermediate term trading as a primary means of achieving its investment objective. The accounts rate of portfolio turnover will depend upon market and other conditions, and will be a factor when the advisor deems portfolio changes necessary or appropriate.

Investment Returns: .....................................................Minimum Investment:

1 yr……..…      3.5%                                                                    $50,000
3 yr………..    10.0%
5 yr………..      4.7%
(Annual returns as of June 30, 2006)