ETF Portfolio

         EUREKA  ETF  MODEL PORTFOLIO      $ 1,000,000  Account

                  Conservative Account As of close on 12/15/08  

SYMBOL  Description Leverage   

                                              Ratio         Positions      (Face Value)        

             INDEXES

SSO          Ultra S&P Pro Shrs      2.0                 $                 0          $                    0   

SPY           S&P 500                        1.0                 $     101,000         $       101,000    

DIA           Dow 30                          1.0                 $       40,000         $         40,000    

QQQQ     Nasdaq 100 Pwr Shrs  1.0                 $       41,000          $         41,000    

                  ALTERNATIVE ENERGY

PBW        Wildr Hill clean energy  1.0               $         4,000           $           4,000   

PHO        Water Res Pwr Shrs       1.0               $         4,000           $           4,000    

                  FINANCE

XLF         Financial SPDR               1.0                $         4,000           $           4,000    

                  CONSUMER DISCRETIONARY

XLY         Con. Dir. SPDR               1.0                $          4,000           $           4,000      

                   BIOTECH

IBB         Nasdaq Biotech ishares  1.0                $         8,000             $          8,000      

                  ENERGY

DIG        Ultra Oil/Gas pwr Shrs   2.0               $         6,000             $         12,000    

XLE        Energy SPDR                    1.0               $        10,000            $         10,000    

                 GOLD

GLD        Gold  Street Tracks          1.0              $        17,000             $         17,000      

GDX      Gold Miner Mkt Vector     1.0              $          8,000             $           8,000      

                COMMODITIES

DJP       DJ-AIG Commodity           1.0              $        12,000             $          12,000     

MOO     Agribusiness Mkt Vtr        1.0              $          4,000             $             4,000    

                TOTALS                            $     263,000            $       269,000      

//////////////////////////////////////////////////////////////////////

              EUREKA  ETF  MODEL PORTFOLIO      $ 1,000,000  Account

                       Aggressive aCCOUNT   As of close on 12/15/08  

SYMBOL  Description              Leverage   Aggressive   Aggressive

                                                          Ratio          Portfolio       Portfolio

                                                                               Positions      (Face Value)

                   INDEXES

SSO          Ultra S&P Pro Shrs      2.0                  $  250,000         $    500,000

SPY           S&P 500                        1.0                 $               0         $                  0

DIA           Dow 30                          1.0                  $  150,000         $    150,000

QQQQ     Nasdaq 100 Pwr Shrs  1.0                 $  199,000         $     199,000

                  ALTERNATIVE ENERGY

PBW        Wildr Hill clean energy  1.0             $     19,000        $       19,000

PHO        Water Res Pwr Shrs       1.0            $     19,000        $       19,000

                  FINANCE

XLF         Financial SPDR               1.0              $     20,000       $       20,000

                  CONSUMER DISCRETIONARY

XLY         Con. Dir. SPDR               1.0             $      20,000      $       20,000

                   BIOTECH

IBB         Nasdaq Biotech ishares  1.0            $       40,000      $      40,000

                  ENERGY

DIG        Ultra Oil/Gas pwr Shrs   2.0              $        29,000     $       58,000

XLE        Energy SPDR                    1.0              $        48,000     $       48,000

                 GOLD

GLD        Gold  Street Tracks          1.0             $        81,000     $       81,000

GDX      Gold Miner Mkt Vector     1.0             $        40,000     $      40,000

                COMMODITIES

DJP       DJ-AIG Commodity           1.0            $         59,000     $      59,000

MOO     Agribusiness Mkt Vtr        1.0            $         20,000    $       20,000

                TOTALS                                             $      994,000    $  1,273,000

Note: We have not included the short T-Bond position in these two ETF Portfolios because no short T-Bond ETF exists at this point to our knowledge.  To us the long gold, commodity, and oil & alt energy positions are really part of the same short T-bond scenario, ie: inflation hedging.  As such the long Gold and Commodity positions have been increased somewhat in the model portfolio to reflect the absence of T-Bonds.  Note the leverage ratio on the Conservative ETF Portfolio is 0.269 and on the Aggressive ETF Portfolio is 1.273.

2:14 PM CST

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