Fund Currently Managed

Rockland Small Cap Growth Fund (RKGRX), since December 1996

Investment Style Overview

Buys rapidly growing small companies. Favors those with significant insider ownership. Keeps fund’s cash position at 1% or less.

Key Stock Selection Criteria

*Earnings per share growth of at least 30%

*Company’s financial results beat Wall Street estimates

*Stock price reaches all-time high

Key Sell Criteria

*Company financial fundamentals erode

*Stock price suddenly declines on heavy volume

Biographical Notes

Richard Gould is a portfolio manager with Greenville Capital Management Inc., his employer since 1994. Previously, he was an analyst with PNC Investment Management and helped run the BlackRock Small Cap Growth Equity/Inv A (CSGEX), the former PNC Small Cap Growth Fund. He holds a BS and an MBA from Pennsylvania State University and is a Chartered Financial Analyst.