DISCLOSURES

Parametric Risk Advisors, LLC, (PRA) is an SEC Registered Investment Advisor and offers investment management services, including disciplined option trading strategies such as covered call writing (DeltaShift^SM). Parametric Risk Advisors, located in Westport, Connecticut, is an affiliate of Parametric Portfolio Associates, LLC (Parametric), an industry-leading provider of structured portfolio management services. Headquartered in Seattle, Washington, Parametric was founded in 1987 and is a majority-owned subsidiary of Eaton Vance.

Eaton Vance Corp., a Boston-based investment management firm with more than $150 billion of assets under management, is traded on the New York Stock Exchange under the symbol EV.

Important Information

DeltaShift is a discretionary managed call writing program of Parametric Risk Advisors, LLC. This information is intended to describe generally how the program works, but it is not a complete description of DeltaShift or how Parametric Risk Advisors performs its investment management responsibilities.

This information should not be considered investment advice or a recommendation to buy or sell any particular security. The information in this material and any specific securities mentioned are not intended to be representative of all securities purchased, sold or recommended for clients. It should not be assumed that any of the securities or recommendations made in the future will be profitable or will equal the performance of the listed securities. Past performance does not predict future results.

The upside potential of covered call option positions is limited to the strike price plus the premium received. Unless the position is closed, the client relinquishes any upside potential above the call strike price. The downside protection afforded by covered call writing is limited to the amount of the premium received. If the stock held by the client declines significantly, the only protection will be the premium received. Retaining Parametric Risk Advisors to render investment management services and/or to manage a securities investment account may involve significant risks, including the risk that the account could suffer substantial diminution in value. Investors should have the financial ability and willingness to accept such risks.

The sale of stock will produce tax consequences for U.S. taxpayers. Each option transaction also produces a tax consequence. Prior to implementing the DeltaShift managed call writing program, you should discuss with your personal tax adviser how the options transactions and any sales of underlying stock will affect your tax situation. Neither Parametric Risk Advisors nor Parametric Portfolio Associates provide tax advice.

Options are not suitable for all investors. Please ensure that you have read and understood the current options risk disclosure document before entering into any options transactions. The options risk disclosure document can be accessed at the following web address: http://optionsclearing.com/publications/risks/download.jsp.

© 2007 Parametric Risk Advisors, LLC. All Rights Reserved. DeltaShift^SM and Delta Advisory^SM are service marks of Parametric Risk Advisors, LLC, an affiliate of Parametric Portfolio Associates, LLC. Both firms are investment advisors registered with the SEC.