Value Microcap Indexes (As Of 11/6/06) Daily Performance Value Microcap Index: +0.61% Value Microcap Index Rebalanced: +1.11% Overall Performance Value Microcap Index: +16.81% Value Microcap Index Rebalanced: +28.46% Indexes Since Start Of VMC PSL 4 Value Microcap Index: +5.25% Value Microcap Index Rebalanced: +9.20%