1. McLean Capital Research 4975 Ringwood Meadow · Sarasota, Florida 34235 · 941-371-7600

2. 2 Investment Process Our back-test spanned the ten-year period from 2 nd Quarter 1997 to 4 th Quarter 2006 and covered a list of approximately 7,000 non-financial stocks. The following tables are summary statistics of our back-tests for the period ending 4th Quarter 2006. The composite is a blend of the McLean Large, Mid and Small Cap portfolios. In addition, there are summary statistics for the individual Large, Mid and Small Cap portfolios. Each portfolio is Equal Cap Weighted, Monthly Rebalanced, and are Time-Weighted Rates of Return. Returns are net of fees.

3. 3 Investment Process - Back Test McLean Composite Returns (%) McLean Russell 30001 st Qtr2 nd Qtr3 rd Qtr4 th Qtr 200622.5015.0910.05-2.202.0112.63 200521.716.094.226.827.872.80 200426.3411.828.510.425.1312.28 200332.1729.06-6.9218.148.4512.50 2002-1.78-21.338.98-5.02-8.052.31 200123.01-9.13-1.0218.46-19.6825.26 200021.85-7.1614.719.590.99-3.44 199938.8020.74-4.3118.850.7523.51 199836.5025.1217.984.60-14.4428.35 199739.4428.4325.3712.781.29

4. 4 Investment Process - Back Test McLean Composite Risk Statistics (%) 3 years5 years10 years Average Return23.5220.1926.05 Standard Deviation2.0211.5911.50 Beta0.900.761.04 Alpha13.6714.0215.83 Sharpe Ratio10.151.482.01 Information Ratio3.442.031.89

5. 5 Investment Process - Back Test McLean Composite Overview (%) Data 2 nd Quarter 1997 to 4 th Quarter 2006 Best Year39.44Consecutive Profitable Quarters Worst Year-1.7812Q2 2003 – Q1 2006151.9 Best 3 Year114.746Q2 1999 – Q3 200087.8 Worst 3 Year43.085Q2 1997 – Q2 199876.7 Best Quarter28.352Q4 2001 – Q1 200236.5 Worst Quarter-19.682Q3 2006 – Q4 200614.9 % Positive Qtrs76.92Consecutive Losing Quarters 2Q2 2002 – Q3 2002-14.5 2Q4 2000 – Q1 2001-4.4

6. 6 Investment Process - Back Test McLean Composite Comparison (%)

7. 7 Investment Process - Back Test McLean Large Cap Returns McLeanS&P 5001 st Qtr2 nd Qtr3 rd Qtr4 th Qtr 200622.5213.625.60-1.315.3112.91 200523.523.007.444.378.443.27 200416.418.995.16-2.483.6410.09 200320.8126.38-8.9012.963.4313.32 2002-9.91-23.373.05-9.21-6.903.16 20019.35-13.04-2.7117.30-25.7820.53 200011.51-10.1411.146.734.16-10.52 199945.0019.536.4215.485.0018.10 199837.1226.6719.364.22-9.7923.34 199739.7731.0122.0914.383.29

8. 8 Investment Process - Back Test McLean Large Cap Risk Statistics 3 years5 years10 years Average Return20.8214.6721.61 Standard Deviation3.1412.5315.48 Beta0.740.731.01 Alpha14.6210.7613.74 Sharpe Ratio5.670.931.20 Information Ratio2.151.141.65

9. 9 Investment Process - Back Test McLean Large Cap Overview Data 2 nd Quarter 1997 to 4 th Quarter 2006 Best Year45.00Consecutive Profitable Quarters Worst Year-9.918Q4 1998 – Q3 2000132.2 Best 3 Year121.897Q3 2004 – Q1 200651.3 Worst 3 Year10.955Q2 1997 – Q2 199879.4 Best Quarter23.344Q2 2003 – Q1 200439.2 Worst Quarter-25.782Q4 2001 – Q1 200224.2 % Positive Qtrs76.922Q3 2006 – Q4 200618.9 Consecutive Losing Quarters 2Q2 2002 – Q3 2002-18.3 2Q4 2000 – Q1 2001-12.9

10. 10 Investment Process - Back Test McLean Large Cap Comparison

11. 11 Investment Process - Back Test McLean Mid Cap Returns McLean Russell Mid Cap1 st Qtr2 nd Qtr3 rd Qtr4 th Qtr 200625.5214.8110.261.521.4712.29 200512.8712.201.894.736.180.07 200432.5419.4110.773.095.5413.14 200338.2936.29-1.2616.929.8812.75 20024.25-15.0212.01-2.23-7.972.44 200120.82-1.62-6.1316.36-16.3526.94 200041.278.8026.2010.010.104.95 199926.6719.03-13.9819.33-5.9827.31 199831.0512.9215.921.78-19.8833.22 199740.5427.1322.4915.582.47

12. 12 Investment Process - Back Test McLean Mid Cap Risk Statistics 3 years5 years10 years Average Return23.6522.7027.38 Standard Deviation8.1412.5311.48 Beta0.840.701.08 Alpha10.5713.2012.80 Sharpe Ratio2.541.572.12 Information Ratio1.521.311.52

13. 13 Investment Process - Back Test McLean Mid Cap Overview Data 2 nd Quarter 1997 to 4th Quarter 2006 Best Year41.27Consecutive Profitable Quarters Worst Year4.2515Q2 2003 – Q4 2006185.6 Best 3 Year99.005Q4 1999 – Q4 200085.7 Worst 3 Year63.375Q2 1997 – Q2 199871.2 Best Quarter33.222Q4 2001 – Q1 200242.2 Worst Quarter-19.88Consecutive Losing Quarters % Positive Qtrs79.492Q2 2002 – Q3 2002-10.0

14. 14 Investment Process - Back Test McLean Mid Cap Comparison

15. 15 Investment Process - Back Test McLean Small Cap Returns McLean Russell 20001 st Qtr2 nd Qtr3 rd Qtr4 th Qtr 200617.4618.2614.30-8.53-1.0112.70 200529.054.803.3411.368.995.37 200430.0717.969.600.656.2113.61 200337.2542.53-10.6124.5412.0411.28 2002-1.81-19.619.62-3.62-9.141.32 200145.268.0813.9924.27-18.8825.88 200011.65-2.508.1511.89-1.78-6.61 199945.0622.25-6.4622.350.6128.56 199842.031.5619.098.47-16.1330.60 199734.8822.5729.897.42-2.43

16. 16 Investment Process - Back Test McLean Small Cap Risk Statistics 3 years5 years10 years Average Return25.5322.4029.09 Standard Deviation5.7213.6714.76 Beta0.860.800.96 Alpha13.8212.2117.46 Sharpe Ratio3.941.421.77 Information Ratio1.160.871.20

17. 17 Investment Process - Back Test McLean Small Cap Overview Data 2 nd Quarter 1997 to 4 th Quarter 2006 Best Year45.26Consecutive Profitable Quarters Worst Year-1.8112Q2 2003 – Q1 2006212.2 Best 3 Year121.965Q2 1999 – Q2 200091.5 Worst 3 Year55.092Q1 2001 – Q2 200141.7 Best Quarter30.602Q2 1997 – Q3 199739.5 Worst Quarter-18.882Q4 2001 – Q1 200238.0 % Positive Qtrs71.792Q1 1998 – Q2 199829.2 Consecutive Losing Quarters 2Q2 2002 – Q3 2002-12.4 2Q2 2006 – Q3 2006-9.5 2Q3 2000 – Q4 2000-8.3

18. 18 Investment Process - Back Test McLean Small Cap Comparison

19. 19 Disclaimer The back-tested results are believed by management to be a reasonable and fair representation of our risk profile and valuation methodology. All comparative data in the back-test was from sources we believe to be reliable, but we do not guarantee their accuracy. Back-tested performance is no guarantee of future results.

20. 20 Contact Information McLean Capital Research 4975 Ringwood Meadow Sarasota, Florida 34235 W. Richard McLean, CEO 941-371-7600 Email:richard@mcleancapital.comrichard@mcleancapital.com Robert G. McLean, COO 501-753-2725 Email: robert@mcleancapital.com Web:www.mcleancapital.com