Highland Financial, Ltd. represents
the following asset managers.

Mutual Fund Companies

AIM Distributors, Inc.	American Funds	Davis Funds
Federated Securities	Fidelity Advisors Funds	Franklin/Templeton Investments
GAM Funds, Inc.	Invesco Funds	J.P. Morgan Funds
John Hancock Funds	Transamerica	Oppenheimer Funds
Putnam Investments	Seligman Group	Van Kampen Funds
The investor should read the prospectus carefully before investing. The investor should consider the investment objectives, risks and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. The investor may obtain a prospectus from Highland Financial, Ltd., or they may request a prospectus directly from the mutual fund.

Due Diligence

After selecting the investment mangers that fit into the client's portfolio objectives, but before investing, Highland Financial, Ltd., completes an independent review of the various managers'.

Operating Procedures

Historical Performance

Investment Philosophies

For example, by design, some mangers perform better in bull markets while others position themselves defensively and perform better in bear markets.

Constant monitoring of these issues plus recognition of market trends and changes allows Highland Financial, Ltd., to provide its clients with vital decision-making information. Before investing, the client is provided with prospectuses that provide detailed information, including sales charges, expenses and risk factors of the funds being considered as investment options.

Past performance is not a guarantee of future results.