Top 25 Fund Holdings as of August 31, 2008

Company Name Symbol Percentage of Holdings
Take-Two Interactive Software TTWO 12.01
Earthlink ELNK 9.63
Red Hat RHT 4.24
Apple Computer AAPL 3.81
Napster NAPS 3.71
The Street.com TSCM 3.71
Google GOOG 3.64
Sandisk SNDK 3.57
Yahoo YHOO 3.30
Electronic Arts ERTS 2.96
Baidu.com BIDU 2.82
Novell NOVL 2.79
Sourceforge LNUX 2.74
Openwave Systems OPWV 2.61
Tencent 700 2.48
Sonic Solutions SNIC 2.07
Shutterfly SFLY 1.92
Ebay EBAY 1.90
Rediff.com REDF 1.45
Digital River DRIV 1.38
Broadcom BRCM 1.19
Monster Worldwide MNST 1.10
Digimarc DMRCD 1.09
Sina SINA 0.77

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Fund Holdings are subject to change and are not a recommendation to buy or sell any security.