Asset Allocation Summary September 22, 2008

Client: Barbara Kennedy

Broad Asset Allocation Equity Asset Allocation

US Stocks 60.9% Large US Value 40.0%

Non-US Stocks 14.2% Large US Growth 41.1%
Alternative Inv. 12.2% Small US Value 0.0%
Bonds & CDs 1.0% Small US Growth 0.0%
Cash 11.8% Developed Int'l 18.9%
Emerging Mkts 0.0%

Top Ten Portfolio Holdings

Market Percent of
Asset Value Portfolio

Oak Ridge Large Growth $323,778 30.9%

Lord Abbett Large Value $314,585 30.0%

Delaware International Value $149,063 14.2%

Ivy Multi-Strategy HFOFs $127,456 12.2%

Cash/Money Market $123,585 11.8%

Individual Bonds $10,088 1.0%

Other $0 0.0%

Total Portfolio Value $1,048,555

The information herein has been obtained from sources believed to be reliable, but we cannot guarantee its accuracy or completeness. Neither the information nor any .
opinion expressed constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results.
Asset Allocation- Detail Per Account September 22, 2008
Client: Barbara Kennedy

Barbara Kennedy John Kennedy Est. Ivy Hedge Fund All Accounts
% Value % Value % Value % Value
Cash/Money Market 7% $30,918 19% $92,667 12% $123,585
Individual Bonds 1% $5,044 1% $5,044 1% $10,088
Delaware International Value 17% $74,541 15% $74,522 14% $149,063
Lord Abbett Large Value 37% $156,854 32% $157,731 30% $314,585
Oak Ridge Large Growth 38% $161,905 33% $161,873 31% $323,778
Ivy Multi-Strategy HFOFs 100% $127,456 12% $127,456

Total Value $429,262 $491,837 $127,456 $1,048,555

Barbara Kennedy and John Kennedy Estate SUMMARY OF INVESTMENT ACCOUNTS BEGINNING MAY 2008 9/22/2008

Barbara Kennedy FMA Account 809-11364 Barbara Kennedy Delaware International 809-11369 Barbara Kennedy Lord Abbett LCV 809-11368
PERIOD ADD OR INTER- NET NET % ADD OR INTER- NET NET % ADD OR INTER- NET NET %
ENDING W/D ACCT TFR VALUE GAIN GAIN W/D ACCT TFR VALUE GAIN GAIN W/D ACCT TFR VALUE GAIN GAIN
05/31/08 69,536 69,699 163 0.2% 90,545 88,454 (2,091) -2.3% 176,850 171,682 (5,168) -2.9%
06/30/08 (8,500) 61,285 86 0.1% 81,995 (6,459) -7.3% 157,470 (14,212) -8.3%
07/31/08 (8,500) 52,864 79 0.1% 79,949 (2,046) -2.5% 153,056 (4,414) -2.8%
08/31/08 (8,500) 44,422 58 0.1% 77,792 (2,157) -2.7% 153,300 244 0.2%
09/30/08 (8,500) 35,962 40 0.1% 74,541 (3,251) -4.2% 156,845 3,545 2.3%
10/31/08
11/30/08
12/31/08
2008 TOTAL 35,536 0 35,962 426 0.7% 90,545 0 74,541 (16,004) -17.7% 176,850 0 156,845 (20,005) -11.3%
TOTAL 35,536 0 35,962 426 0.7% 90,545 0 74,541 (16,004) -17.7% 176,850 0 156,845 (20,005) -11.3%

Barbara Kennedy Oak Ridge LCG 809-11371 Estate of John Kennedy 809-11372 Estate of John Kennedy Delaware Int'l 809-11373
PERIOD ADD OR INTER- NET NET % ADD OR INTER- NET NET % ADD OR INTER- NET NET %
ENDING W/D ACCT TFR VALUE GAIN GAIN W/D ACCT TFR VALUE GAIN GAIN W/D ACCT TFR VALUE GAIN GAIN
05/31/08 180,948 179,057 (1,891) -1.0% 97,036 97,219 183 0.2% 90,757 88,652 (2,105) -2.3%
06/30/08 165,319 (13,738) -7.7% 97,353 134 0.1% 82,196 (6,456) -7.3%
07/31/08 160,997 (4,322) -2.6% 97,490 137 0.1% 79,866 (2,330) -2.8%
08/31/08 165,271 4,274 2.7% 97,620 130 0.1% 77,755 (2,111) -2.6%
09/30/08 161,905 (3,366) -2.0% 97,711 91 0.1% 74,522 (3,233) -4.2%
10/31/08
11/30/08
12/31/08
2008 TOTAL 180,948 0 161,905 (19,043) -10.5% 97,036 0 97,711 675 0.7% 90,757 0 74,522 (16,235) -17.9%
TOTAL 180,948 0 161,905 (19,043) -10.5% 97,036 0 97,711 675 0.7% 90,757 0 74,522 (16,235) -17.9%

Estate of John Kennedy Lord Abbett LCV 809-11374 Estate of John Kennedy Oak Ridge LCG 809-11375 Total of Barbara Kennedy and Estate Accounts
PERIOD ADD OR INTER- NET NET % ADD OR INTER- NET NET % ADD OR NET NET %
ENDING W/D ACCT TFR VALUE GAIN GAIN W/D ACCT TFR VALUE GAIN GAIN W/D VALUE GAIN GAIN
05/31/08 174,881 172,954 (1,927) -1.1% 180,925 178,958 (1,967) -1.1% 1,061,478 1,046,675 (14,803) -1.4%
06/30/08 158,631 (14,323) -8.3% 165,207 (13,751) -7.7% (8,500) 969,456 (68,719) -6.6%
07/31/08 154,078 (4,553) -2.9% 160,873 (4,334) -2.6% (8,500) 939,173 (21,783) -2.3%
08/31/08 154,274 196 0.1% 165,133 4,260 2.6% (8,500) 935,567 4,894 0.5%
09/30/08 157,731 3,457 2.2% 161,873 (3,260) -2.0% (8,500) 921,089 (5,978) -0.6%
10/31/08
11/30/08
12/31/08
2008 TOTAL 174,881 0 157,731 (17,150) -9.8% 180,925 0 161,873 (19,052) -10.5% 1,027,478 921,089 (106,389) -10.1%

The information herin has been obtained from sources believed to be reliable, but we cannot guarantee its
accuracy or completeness. Past performance is no guarantee of future results. This information is being provided
THE WARD
SCOTT GROUP
AT SM I T H BA R N E Y
at your request and does not replace or supersede your monthly Smith Barney customer statement.