K FUND REBALANCING FOR SECOND QUARTER

TO REBALANCE THE FUND FOR THE SECOND QUARTER, CZN, MO, T,& WIN WERE SOLD ON 3/30/07AND REPLACED WITH C, HBAN, USB, AND WM.
ON 3/31/07 THE VALUE OF THE FUND WAS $103,230.72

AFTER REBALANCING, THE HOLDINGS WERE:

BAC 191@51.02 = $10,188.01
C 199@51.34 = $10,216.66
GE 275@35.36 = $10,219.80
HBAN 467@21.85 = $10,203.95
LLY 196@53.71 = $10,219.65
MRK 234@41.17 = $10,205.25
PFE 395@25.26 = $10,224.74
USB 292@34.97 = $10,211.24
WB 179@55.05 = $10,186.45
WM 253@40.38 = $10,216.14
CASH $1238.83

TOTAL $103,230.72

K FUND

A VIRTUAL FUND BASED ON THE TOP 10 INCOME AND GROWTH STOCKS OF THE S&P 500

STARTED 1/1/07 WITH $100,000.00

BAC 187 shares @ 53.39=9983.93
CZN 695 shares @ 14.37= 9987.15
GE 268 shares @ 37.21= 9972.28
LLY 191 shares @ 52.10 = 9951.10
MO 119 shares @ 83.93 = 9987.67
MRK 229 shares @ 43.60 = 9984.40
PFE 386 shares @ 25.90 = 9997.40
T 279 shares @ 35.75 = 9974.25
WB 175 shares @ 56.95 = 9966.25
WIN 703 shares @ 14.22 = 9996.66
CASH $198.91