TOP EIGHT MODEL PORTFOLIO JANUARY 2004

1. Industrial Materials (FSDPX)

2. Wireless (FWRLX)

3. Electronics (FSELX)

4. Industrial Equipment (FSCGX)

5. Developing Communications (FSDCX)

6. Chemicals (FSCHX)

7. Computers (FDCPX)

8. Defense & Aerospace (FSDAX)

EXCHANGES FOR JANUARY 2, 2004

Sell Gold (FSAGX),

buy Industrial Equipment (FSCGX)

Sell Construction & Housing (FSHOX),

buy Chemicals (FSCHX)

Sell Medical Delivery (FSHCX),

buy Defense & Aerospace (FSDAX)