1. CONVERGENCE, WIRELESS & MOBILITY 2.MLPs UPDATE PERFORMANCE TAX ISSUE 3.SECTOR PERFORMANCE IN AN ECONOMIC CYCLE (MID CYCLE SECTOR PERFORMANCE) 4. O & G SHALE PLAYS, FRACTURING 5.INTEREST RATE PROJECTIONS: US TREASURY YIELD WORKBOOK HOT-LINKING AN EXCEL WORKBOOK TO TREASURY YIELDS 6.LAZY PORTFOLIOS 7.INVESTMENTS IN POLUTION AND WASTE CONTROL 8.MONEY, 20 BEST INTERNET SITES 9.SIG MEMBERS OPEN DISCUSSION ECONOMY - STOCKMARKET – INVESTMENTS >>>>>>>>>> FUTURE EVENTS <<<<<<<<<<<<<<<<<

MLP RECENT PERFORMANCE LAST INDEX WK YTD Alerian MLP TOTAL RETURN, % S&P 500 TOTAL RETURN, %

MLP TAX ISSUE egdevelop.htm

2011 SHARE PRICE, $ / SHFEB. 10APR. 29MAY 11 EPBEL PASO PIPELINE PARTNERS, L.P. $ $ $ TRGPTARGA RESOURCES PARTNERS, L.P EPDENTERPRISE PRODUCTS PARTNERS, L.P EXLPEXTERRAN PARTNERS, L.P MASTER LIMITED PARTNERSHIPS

MLP CLOSED-END FUNDS PRICE 5/11/11 3/10/20105/11/11YIELD FENENERGY INCOME AND GROWTH FUND FMOFIDUCIARY/CLAYMORE MLP OPPORTUNITY KYNKAYNE ANDERSON MLP INVESTMENT CO SRVCUSHING MLP TOTAL RETURN FUND TYYTORTOISE ENERGY CAPITAL CORP TYGTORTOISE ENERGY INFRASTRUCTURE CORP TYNTORTOISE NORTH AMERICAN ENERGY CORP

Economic Activity

INFLATION A key Fed measure: 5 year, 5 year forward TIP spread Treasury yield curve History Has a weak dollar (result of near-zero interest rates) increased Exports? Yes. On June 30 th the administration will declare mission accomplished. Bernanke announced that it will not be continued -- but something else will take its place

Actionable Information Being invested in the right sectors at the right time increases the performance of a portfolio. Where are we now? ctor Investing Mid-Cycle Leadership on=Sector Investing Mid-Cycle Leadership ( scroll down to Equity Markets, select Sector Investing ) exhibit.swf eBwoexhibit.swf Bonuswww.khanacademy.org

Modern Shale Gas Development In The U.S.: A Primer The primary differences between modern shale gas development and conventional natural gas development are the extensive use of horizontal Drilling and multi-stage hydraulic fracturing. The use of horizontal drilling has not introduced new environmental concerns. Source: Department of Energy book - April, 2009

SHALE GAS PRODUCTION TYPE CURVES _Production_Type_Curves.pdf

OIL & GAS SHALE PLAYS, FRACTURING and INVESTMENT IDEAS Shale Gas and the U.S. Energy Outlook, Recent Developments Video of drilling a horizontal well and hydraulic fracturing Fact sheets on fracking and other Resource links A government Primer on Modern Shale Gas Development

LAZY PORTFOLIOS lazy-portfolios/

FUTURE EVENTS: TOPICDATELOCATION FIDELITY's TRADING ADVANTAGE MAY 25 10AM FIDELITY IN THE UNDERSTANDING TECHNICAL INDICATORS MAY 25 10AM WOODLANDS THE WOODLANDSFEDERAL RESERVE VP MAY 16 10AM LIBRARY ECONOMIC FORUM MEETING RSVP LAKE ROBBINS DR. RSVP: John Hawkins DEFINITELY WILL ATTEND PROBABLY WILL ATTEND POSSIBLY WILL ATTEND

Houston Investors Association Meeting May 4 th 8:30 am 1 st Topic 12:45 pm Last Topic Location: University Center Building University of Houston Campus, Houston, TX Rooms 74,87,90 all rooms underground

WHAT ARE THEY? WHY INVEST IN THEM? TYPES OF MLPs INFORMATION RESOURCES

May 12, 2011 Investment SIG Meeting 1.THE END OF QE2, WHAT NEXT? 2.MLPs UPDATE,PERFORMANCE, TAX ISSUE 3.SECTOR PERFORMANCE DURING AN ECONOMIC CYCLE OR, MID CYCLE SECTOR PERFORMANCE 4. Oil and Gas Shale Plays, Fracturing, Investment Ideas 5. INTEREST RATE PROJECTIONS; US TREASURY YIELD WORKBOOK HOT-LINKING AN EXCEL WORKBOOK TO TREASURY YIELDS 6. LAZY PORTFOLIOS 7. POLUTION AND WASTE CONTROL INDUSTRY 8. MONEY, 20 BEST INTERNET SITES 9. SIG MEMBERS OPEN DISCUSSION ECONOMY-STOCKMARKET -INVESTMENT IDEAS 10. FUTURE EVENTS: