Guaranteed Fund

Investment Advisor: Provident Mutual Life Insurance Co.

Objective: The Provident Mutual Fixed Income Fund offers a high level of income with guaranteed rates of return. The Fund invests in high quality investment grade issues such as public bonds, private placements and commercial mortgages. Principal in the fund is guaranteed, and interest rates are declared in advance and are guaranteed for the contract year.

Government Securities Fund

Investment Advisor: Strong Capital Management

Objective: The Strong Government Securities Fund seeks to produce total return by investing for a high level of current income with a moderate degree of share price fluctuation. The Fund normally invests at least 80% of its total assets in U.S. government securities.

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Corporate Bond Fund

Investment Advisor: Strong Capital Management

The Strong Corporate Bond Fund seeks total return by investing for a high level of current income with a moderate degree of share price fluctuation. The Fund invests primarily in investment grade corporate debt obligations.

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Balanced Fund

Investment Advisor: Wellington Management Company

Objective: The Vanguard Wellington Fund seeks long-term capital appreciation and income by varying the allocation of assets of the Portfolio among stocks, corporate bonds, government, growth and income, and money market funds. It is designed for conservative investors who are seeking a balanced investment program offering relative capital stability, a reasonable level of income and the potential for capital appreciation while limiting investment risk.

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MFS Value Fund

Investment Advisor: Massachusetts Financial Services Company (MFS)

Objective: The MFS Value Fund seeks undervalued, income-producing stocks with capital appreciation potential. The fund is designed for investors who are willing to take some market risk to get capital appreciation on income-producing equity securities.

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S&P 500 Index Fund

Investment Advisor: Vanguard Core Management Group

Objective: The Vanguard Index Fund seeks to mirror the performance of the Standard and Poor's 500 Composite Stock Price Index (the "S&P 500 Index"), which emphasizes large capitalization companies. The fund is designed for long-term investors seeking the advantages of a low-cost, "passive" approach for investing in a diversified portfolio of common stocks.

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Quality Growth Fund

Investment Advisor: FMR Corp. (Fidelity Management & Research Corporation)

Objective: The Fidelity Blue Chip Fund seeks long-term capital growth by investing in common stocks of well-known and established companies. The fund is designed for those investors looking for an investment that focuses on blue chip companies and who are willing to ride out stock market fluctuations in pursuit of potentially high long-term returns.

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Aggressive Growth Fund

Investment Advisor: Investors Research Corporation

Objective: The American Century Ultra Fund is an aggressive equity fund that seeks capital growth over time by investing in common stocks considered by management to have better-than-average prospects for appreciation. Their strategy is to pursue investments in fast-growing small and mid-sized companies in emerging industries and technologies, but also to invest in larger companies when they offer the growth potential that the Fund seeks. Its aggressive investment strategy tends to increase both its share price volatility and its growth potential over time.

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Artisan International Fund

Investment Advisor: Artisan Partners Limited Partnership

Objective: The Artisan International Fund provides investors with diversified exposure to the international equity markets, across capitalizations and regions, with a focus on well-managed growth companies. The Fund seeks to identify companies with sustainable growth of 10% to 40% annually; valued at a price/earning ratio at a discount to the expected growth rate; strong industry presence with a dominant or accelerating position; and effective management with a focus on shareholder value.

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Socially Conscious Growth Fund

Investment Advisor: Parnassus Investments

Objective: The Parnassus Fund seeks to achieve long-term growth of capital with current income as a secondary objective. To meet these goals, the fund invests in companies whose products or business principles seek to follow socially responsible guidelines and who the fund advisers feel are currently undervalued in the market. The selection criteria includes companies the fund feels treat their employees well, and who recognize the economic advantages in environmental protection. The fund does not invest in companies involved in alcohol, tobacco, or weapons production.

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