Techno Investment Partners serves as general partner in a limited partnership whose strategy is to invest in privately owned software companies with innovative products designed to improve productivity in the service sector of the economy. The investment results of the limited partnership are presented in the fum^ GIPS- compliant Service Productivity Enhancement Software (SPES) composite.

Paul Reid, a perfomance alystj is upcbting the SPES composite perfom ce presentation through the end of the third year since inception. The information shown in Exhibit 1 is taken from one of Reid9s worksheets.