TOP EIGHT MODEL PORTFOLIO MAY 2003

1. Medical Equipment & Systems (FSMEX)

2. Transportation (FSRFX)

3. Utilities Growth (FSUTX)

4. Technology (FSPTX)

5. Developing Communications (FSDCX)

6. Software & Computer Services (FSCSX)

7. Networking & Infrastructure (FNINX)

8. Biotechnology (FBIOX)

EXCHANGES FOR MAY 2, 2003

Sell Telecommunications (FSTCX),

buy Transportation (FSRFX)

Sell Natural Gas (FSNGX),

buy Utilities Growth (FSUTX)

Sell Pharmaceuticals (FPHAX),

buy Networking & Infrastructure (FNINX)