<b>Value Microcap Differential Chart For 2005</b> <pre> <u>Date VMIR VMI Differential</u> 3/31/2005 19.79% 19.79% 0.00% 4/8/2005 20.00% 20.00% 0.00% 4/15/2005 11.69% 11.69% 0.00% 4/23/2005 19.65% 19.65% 0.00% 4/29/2005 21.83% 21.83% 0.00% 5/6/2005 23.04% 23.04% 0.00% 5/13/2005 22.27% 22.27% 0.00% 5/20/2005 25.15% 25.15% 0.00% 5/28/2005 28.26% 28.26% 0.00% 6/3/2005 30.62% 30.11% 0.51% 6/10/2005 34.05% 31.21% 2.84% 6/17/2005 35.55% 31.85% 3.70% 6/24/2005 32.81% 26.69% 6.12% 7/1/2005 34.67% 28.84% 5.83% 7/8/2005 38.16% 31.39% 6.77% 7/17/2005 41.58% 30.31% 11.27% 7/23/2005 50.28% 37.69% 12.59% 7/30/2005 61.57% 49.16% 12.41% 8/6/2005 65.10% 54.04% 11.06% 8/13/2005 64.86% 54.62% 10.24% 8/20/2005 62.42% 53.48% 8.94% 8/27/2005 65.26% 54.63% 10.63% 9/5/2005 69.20% 58.23% 10.97% 9/10/2005 74.84% 62.52% 12.32% 9/16/2005 73.18% 60.12% 13.06% 9/23/2005 74.23% 58.49% 15.74% 9/30/2005 75.11% 59.26% 15.85% 10/7/2005 70.96% 57.89% 13.07% 10/14/2005 65.62% 52.47% 13.15% 10/21/2005 67.87% 54.99% 12.88% 10/28/2005 65.25% 57.05% 8.20% 11/4/2005 70.10% 59.99% 10.11% 11/11/2005 74.38% 67.50% 6.88% 11/18/2005 72.82% 64.86% 7.96% 11/25/2005 73.00% 62.25% 10.75% 12/2/2005 76.67% 63.06% 13.61% 12/9/2005 79.65% 66.50% 13.15% 12/16/2005 78.80% 63.68% 15.12% 12/23/2005 79.88% 62.12% 17.76% 12/30/2005 78.93% 60.59% 18.34% </pre>