$images\birr0000.gif$ Legal Notice

The BIRR® Performance Analyzer, the BIRR Risks and Returns Analyzer®, and other software provided by BIRR® Portfolio Analysis, Inc. constitute a financial management software package created by Edwin Burmeister, Roger Ibbotson, Stephen A. Ross, and Richard Roll. This copy of the software is owned by BIRR® Portfolio Analysis, Inc. and is only licensed to you for specific uses.

This product contains confidential proprietary information, and any use of the programs, documentation, and supplied data, except as expressly authorized in writing by BIRR® Portfolio Analysis, Inc. either in a signed License Agreement or another written agreement, is strictly prohibited. Your right to use the software automatically terminates if you fail to comply with any part of these usage restrictions. Violators are subject to prosecution.

Neither BIRR® nor any third-party suppliers of data, software or equipment to BIRR make any warranty, express or implied, as to results to be obtained by licensee or others from the use of the databases or any software provided by BIRR, including any software provided under the BIRR License Agreement, and there are no express or implied warranties of merchantability or fitness for a particular purpose or use. The information contained in the databases are obtained from sources considered by BIRR to be reliable, but the accuracy and completeness thereof are not guaranteed and BIRR and its third-party suppliers shall have no liability for errors or omissions with respect to the databases or their delivery, regardless of cause or source of such error or omission.

The BIRR® Performance Analyzer computer software, the BIRR Risks and Returns Analyzer®, computer software, any other BIRR-supplied software, all accompanying documentation, and all supplied data are all Copyright © 1990-2004 by BIRR® Portfolio Analysis, Inc.

Ibbostson Associates, Inc. is the owner of the copyright to the licensed data supplied by them.

Möbius Group, Inc. is the owner of the copyright to the licensed investment manager data supplied by them.

Standard and Poor’s Micropal is the owner of the copyright to the licensed mutual fund data supplied by them.

"BIRR" and "Risks and Returns Analyzer" are registered trademarks of BIRR Portfolio Analysis, Inc. "EAFE" is a service mark of Morgan Stanley Capital International Inc. "MathType" is a trademark of Design Science, Inc. "Russell 1000," "Russell 2000," and "Russell 3000" are registered trademarks and "Russell 2500" and "Russell Midcap" are trademarks of The Frank Russell Company. Other brand and product names mentioned are trademarks or registered trademarks of their respective holders.