Averaging Dates
	Company Name	Initial Price	Currency	1-Jun-06	1-Sep-06	1-Dec-06	1-Mar-07	Average Share Price	% Share Return	Capped Share Return	Share Weights	Weighted Return
1	Bristol Myers Squibb	49.93	USD	25.15	22.95	24.84	26.64	24.895	-50.14%	-50.14%	8.33333%	-4.178%
2	Duke Energy*	21.51	USD	16.3658	17.5476	18.45	19.81	18.0434	-16.13%	-16.13%	8.33333%	-1.344%
3	Proctor & Gamble*	41.65	USD	54.48	61.91	62.69	63.68	60.69	45.72%	45.72%	8.33333%	3.810%
4	Dow Chemical	32.40	USD	40.19	38.38	39.7	43.15	40.355	24.55%	24.55%	8.33333%	2.046%
5	Hitachi Ltd.	943.00	Yen	763	739	685	837	756	-19.83%	-19.83%	8.33333%	-1.653%
6	Canon Inc.*	3286.67	Yen	5247	5830	6080	6400	5889.25	79.19%	60.00%	8.33333%	5.000%
7	Toshiba Corp.	559.00	Yen	754	828	749	739	767.5	37.30%	37.30%	8.33333%	3.108%
8	Fuji Photo Film Co. Ltd.	4460.00	Yen	3720	4350	4630	5030	4432.5	-0.62%	-0.62%	8.33333%	-0.051%
9	Unilever N.V.*	21.71	EUR	17.32	18.34	19.67	19.21	18.635	-14.16%	-14.16%	8.33333%	-1.180%
10	Bayer AG*	35.25	EUR	34.85	38.4	38.83	42.22	38.575	9.42%	9.42%	8.33333%	0.785%
11	BP PLC	611.50	Sterling	633	596	567.5	517.5	578.5	-5.40%	-5.40%	8.33333%	-0.450%
12	Novartis AG	61.90	CHF	67.6	70.3	68.9	67.3	68.525	10.70%	10.70%	8.33333%	0.892%
										Total Return		6.785%
										Actual Return		6.785%
*Date	Stock	Event	Adjustment Factor	Comments
3-Jun-02	Procter & Gamble	Spin-off	0.99235	Spin-off Procter & Gamble - JM Smucker. 1 PG gives 0.02 SJM. Adjustment Factor =  ( PGclose 31-May-02 ie 89.55 - 0.02 x SJMclose31-May-02 ie 34.25 ) / ( PGclose 31-May-02 ie 89.55 ) = 0.99235
21-Jun-04	Procter & Gamble	Stock split	0.5	Stock split : 2 for 1. 1 old gives 2 new.
31-Jan-05	Bayer	Spin-off	0.942645126	Spin-off Bayer-Lanxess. 10 BAY held give 1 LXS. Adj = (BAYclose31-Jan-05 ie24.39) / (BAYclose31-Jan-05 ie24.39 + 1/10 x NXSclose31-Jan-05 ie14.84) = 0.942645
22-May-06	Unilever NV (cert)	Stock split	0.333333333	Stock split : 3 for 1. 1 old give 3 new.
27-Jun-06	Canon	Stock split	0.666666667	Stock split : 3 for 2. 2 old gives 3 new.
3-Nov-06	Unilever NV (cert)	Special cash	0.98678	Special Cash 0.26EUR per share & regular cash 0.23 EUR. Adj = ( Close UNA 02-Nov-06 ie 19.90 - Regular cash 0.23 EUR - Special cash 0.26 EUR ) / ( Close UNA 02-Nov-06 ie 19.90 - Regular cash 0.23 EUR ) = 0.98678 - Rounded at 5 decimales by Euronext).
3-Jan-07	Duke Energy Group	Spin-off	0.582204155	Spin-off Duke Energy - Spectra Energy (SE UN) - 1 SE for 2 DUK held - Rfactor = (Close DUK 29-Dec-06 ie 33.21 - (1/2) * close SE 29-Dec-06 ie 27.75) / Close DUK 29-Dec-06 ie 33.21 = 0.582204