| Historic Prices | |
| February 2004 Portfolio |
FEBRUARY 2004 Portfolio Performance: +5.78% vs. MSCI: +1.23%
| GAA Q Fund | Opening Price | Closing Price | Gain/Loss | |
| Feb-04 | USD Standard | USD Standard | USD % | |
| Stock forecast @ beginning of the month | Country | 01-Feb-04 | 27-Feb-04 | 27-Feb-04 |
| MACQUARIE AIRPORTS ( MAP.AU ) | AUSTRALIA | 1.37 | 1.40 | 2.43% |
| COCA-COLA AMATIL ( CCL.AU ) | AUSTRALIA | 4.83 | 5.08 | 5.13% |
| TELEMAR NRLES.PNA 1000 ( TMAR5.BR ) | BRAZIL | 22.83 | 20.23 | -11.40% |
| VALE DO RIO DOCE PNA ( VALE5.BR ) | BRAZIL | 47.02 | 49.80 | 5.91% |
| MASONITE INTL. ( MHM.CA ) | CANADA | 25.55 | 26.77 | 4.76% |
| TECK COMINCO 'B' ( TEK/B.CA ) | CANADA | 15.24 | 18.77 | 23.11% |
| INVESTORS GROUP ( IGI.CA ) | CANADA | 25.33 | 24.65 | -2.69% |
| GREAT WEST LIFECO ( GWO.CA ) | CANADA | 36.83 | 37.75 | 2.51% |
| SEARS CANADA ( SCC.CA ) | CANADA | 13.23 | 13.22 | -0.08% |
| FALCONBRIDGE NEW ( FL.CA ) | CANADA | 23.26 | 26.81 | 15.24% |
| MANULIFE FINL. ( MFC.CA ) | CANADA | 35.72 | 35.65 | -0.19% |
| RAUTARUUKKI K ( RTRKS.FI ) | FINLAND | n/a | n/a | n/a |
| DAIMLERCHRYSLER ( DCX.DE ) | GERMANY | 47.66 | 44.32 | -7.01% |
| DEUTSCHE BANK ( DBK.DE ) | GERMANY | 78.57 | 86.65 | 10.29% |
| PUBLIC POWER CORPORATION ( PPC.GR ) | GREECE | 25.37 | 26.85 | 5.85% |
| ORIENT OS. INTL. ( 316.HK ) | HONG KONG | 3.43 | 3.44 | 0.22% |
| BANK MANDIRI (PERSERO) ( BMRI.ID ) | INDONESIA | 0.15 | 0.16 | 6.80% |
| BANK DANAMON ( BDMN.ID ) | INDONESIA | 0.26 | 0.33 | 26.53% |
| MILANO ASSIC. ( MI.IT ) | ITALY | 4.00 | 3.90 | -2.33% |
| ALFA 'A' ( ALFAA.MX ) | MEXICO | 3.72 | 3.70 | -0.64% |
| GFBB 'B' ( GFBBB.MX ) | MEXICO | 1.05 | 1.07 | 1.60% |
| FRONTLINE ( FRO.NO ) | NORWAY | 29.24 | 31.85 | 8.94% |
| JD GROUP ( JDG.ZA ) | SOUTH AFRICA | 5.68 | 6.21 | 9.44% |
| TELKOM ( TKG.ZA ) | SOUTH AFRICA | 10.77 | 10.07 | -6.55% |
| STD.BK.GP. ( SBK.ZA ) | SOUTH AFRICA | 5.91 | 6.03 | 2.07% |
| INCHON IRON & STEEL ( 004020.KR ) | SOUTH KOREA | 8.63 | 10.58 | 22.61% |
| HANJIN SHIPPING ( 000700.KR ) | SOUTH KOREA | 19.50 | 17.63 | -9.57% |
| KT & G CORP. ( 033780.KR ) | SOUTH KOREA | 21.36 | 23.21 | 8.69% |
| BARRY CALLEBAUT ( BARN.CH ) | SWITZERLAND | 221.98 | 239.77 | 8.01% |
| ZURICH FINANCIAL SVS. ( ZURN.CH ) | SWITZERLAND | 146.73 | 164.05 | 11.80% |
| CHINA MOTOR ( 2204.TW ) | TAIWAN | 1.82 | 2.01 | 10.10% |
| THAI AIRWAYS INTL. ( THAI.TH ) | THAILAND | 1.25 | 1.45 | 15.98% |
| BOVIS HOMES GROUP ( BVS.GB ) | UNITED KINGDOM | 8.08 | 9.55 | 18.16% |
| PERSIMMON ( PSN.GB ) | UNITED KINGDOM | 9.73 | 10.63 | 9.19% |
| TAYLOR WOODROW ( TWOD.GB ) | UNITED KINGDOM | 4.50 | 5.04 | 12.00% |
| NORTHERN ROCK ( NRK.GB ) | UNITED KINGDOM | 13.22 | 14.37 | 8.69% |
| ACE ( ACE.US ) | UNITED STATES | 43.59 | 44.96 | 3.14% |
| AETNA ( AET.US ) | UNITED STATES | 71.38 | 80.79 | 13.18% |
| ANNALY MTG.MAN. ( NLY.US ) | UNITED STATES | 20.04 | 20.40 | 1.80% |
| BERKLEY W R ( BER.US ) | UNITED STATES | 38.50 | 41.65 | 8.18% |
| CHUBB ( CB.US ) | UNITED STATES | 71.75 | 70.98 | -1.07% |
| FANNIE MAE ( FNM.US ) | UNITED STATES | 77.71 | 74.90 | -3.62% |
| INDYMAC BANCORP ( NDE.US ) | UNITED STATES | 31.80 | 35.20 | 10.69% |
| LINCOLN NAT. ( LNC.US ) | UNITED STATES | 44.66 | 46.43 | 3.96% |
| MDC HDG. ( MDC.US ) | UNITED STATES | 63.91 | 70.43 | 10.20% |
| N.Y. CMTY BNK (NYB.US) | UNITED STATES | 124.65 | 140.48 | 12.70% |
| PRUDENTIAL FINL. ( PRU.US ) | UNITED STATES | 43.83 | 46.39 | 5.84% |
| SAFECO ( SAFC.US ) | UNITED STATES | 43.72 | 45.00 | 2.93% |
| STANDARD PACIFIC ( SPF.US ) | UNITED STATES | 48.22 | 52.31 | 8.48% |
| XL CAP.'A' ( XL.US ) | UNITED STATES | 79.90 | 76.66 | -4.06% |
| PROTECT.LIFE ( PL.US ) | UNITED STATES | 36.30 | 38.04 | 4.79% |
| CAROLINA GROUP ( CG.US ) | UNITED STATES | 26.49 | 28.43 | 7.32% |