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Growth Equities Portfolio

Top Ten Holdings
as of March 31, 2002

1 MBNA MBNA Corp
2 VRTS Veritas Software Corp
3 CEFT Concord EFS
4 MXIM Maxim Integrated
5 AMGN Amgen
6 VRSN Verisign
7 SEBL Siebel systems Inc
8 KSS Kohl's
9 CSCO Cisco
10 MDT Medtronic


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The opinions expressed are those of Berkeley Capital Management and based upon sources deemed reliable. BCM shall not be held liable for inaccurate information obtained from these sources from which BCM could normally, reasonably depend on as accurate. Past performance does not guarantee future results.

FOR BROKER-DEALER USE ONLY. NOT FOR USE WITH CLIENTS. A complete list and description of all the firm's composites and individual securities' transactions and returns for the past twelve months are available upon request.
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