1. 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 <<<<<<<<<<<<<<<<<

2. MLP RECENT PERFORMANCE LAST INDEX WK YTD Alerian MLP TOTAL RETURN, % -4.1 5.0 S&P 500 TOTAL RETURN, % -1.7 7.2

3. MLP TAX ISSUE http://www.naptp.org/News/LegandR egdevelop.htm

4. 2011 SHARE PRICE, $ / SHFEB. 10APR. 29MAY 11 EPBEL PASO PIPELINE PARTNERS, L.P. $ 35.62 $ 37.04 $ 36.11 TRGPTARGA RESOURCES PARTNERS, L.P.30.9835.0233.60 EPDENTERPRISE PRODUCTS PARTNERS, L.P.42.6343.2741.41 EXLPEXTERRAN PARTNERS, L.P.27.8828.7526.73 MASTER LIMITED PARTNERSHIPS

5. MLP CLOSED-END FUNDS PRICE 5/11/11 3/10/20105/11/11YIELD FENENERGY INCOME AND GROWTH FUND23.9228.40 6.5 FMOFIDUCIARY/CLAYMORE MLP OPPORTUNITY19.35 21.62 6.4 KYNKAYNE ANDERSON MLP INVESTMENT CO25.87 29.27 6.6 SRVCUSHING MLP TOTAL RETURN FUND8.22 10.34 8.7 TYYTORTOISE ENERGY CAPITAL CORP23.83 27.23 5.9 TYGTORTOISE ENERGY INFRASTRUCTURE CORP30.86 38.25 5.7 TYNTORTOISE NORTH AMERICAN ENERGY CORP23.4624.68 6.0

7. Economic Activity http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm http://www.chicagofed.org/webpages/research/data/cfnai/current_data.cfm http://www.federalreserve.gov/Releases/H8/current/ http://moneycentral.msn/investor/charts/chartdl.aspx?symbol=$RUT.X http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=$RUT.X

8. INFLATION A key Fed measure: 5 year, 5 year forward TIP spread http://noir.bloomberg.com/apps/quote?ticker=FED5Y:IND Treasury yield curve http://noir.bloomberg.com/markets/rates/index.html History http://www.multpl.com/interest-rate/ Has a weak dollar (result of near-zero interest rates) increased Exports? http://www.census.gov/indicator/www/ustrade.html 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

9. Actionable Information Being invested in the right sectors at the right time increases the performance of a portfolio. Where are we now? http://personal.fidelity.com/global/search/inquira/resultsindex.shtml?question=Se ctor Investing Mid-Cycle Leadership http://personal.fidelity.com/global/search/inquira/resultsindex.shtml?questi on=Sector Investing Mid-Cycle Leadership ( scroll down to Equity Markets, select Sector Investing ) https://news.fidelity.com/static/dcle/FidelityNewsPage/documents/EcoCurveBwo exhibit.swf https://news.fidelity.com/static/dcle/FidelityNewsPage/documents/EcoCurv eBwoexhibit.swf Bonuswww.khanacademy.org www.khanacademy.org

10. 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

11. SHALE GAS PRODUCTION TYPE CURVES http://www.palmertongroup.com/pdf/Marcellus _Production_Type_Curves.pdf

12. OIL & GAS SHALE PLAYS, FRACTURING and INVESTMENT IDEAS http://www.eia.gov/naturalgas/reports.cfm?t=186 Shale Gas and the U.S. Energy Outlook, Recent Developments http://www.northernoil.com/drilling.php Video of drilling a horizontal well and hydraulic fracturing http://www.hydraulicfracturing.com/Pages/information.aspx Fact sheets on fracking and other Resource links A government Primer on Modern Shale Gas Development

13. LAZY PORTFOLIOS http://www.marketwatch.com/lazyportfolio http://www.madmoneymachine.com/ http://www.madmoneymachine.com/professional- lazy-portfolios/

15. 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 - 2101 ECONOMIC FORUM MEETING RSVP LAKE ROBBINS DR. RSVP: John Hawkins <jhawkins@alliancedatacorp.com DEFINITELY WILL ATTEND PROBABLY WILL ATTEND POSSIBLY WILL ATTEND

16. 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 http://www.houstoninvestors.com/wp/?p=958

17. WHAT ARE THEY? WHY INVEST IN THEM? TYPES OF MLPs INFORMATION RESOURCES http://www.naptp.org

20. 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: