Archived Monthly Report

REPORT TO THE UNIT HOLDERS IN THE ASPIRING FUND FOR THE MONTH ENDED 31/03/08

The Unit Price as at 1st April 2008 was 1.0627 after all expenses.

The performance for the month of March was -5.36% after all expenses.

Our asset allocation at the end of the month was approximately:

                   Cash     Aus   

 20%

    NZ

21%

   NZ Equities  

 40%

  Overseas Equities  

10%