Short Portfolio 25

The beginning balance of Short Portfolio 25E is the ending balance of Short Portfolio 25D as of August 27, 2010.


The beginning balance of Short Portfolio 25D is the ending balance of Short Portfolio 25C as of August 6, 2010.


The beginning balance of Short Portfolio 25C is 50% of equity as of the market close Friday, July 23, 2010.


The beginning balance of Short Portfolio 25B is the ending balance of Short Portfolio 25A as of July 16, 2010.