G. Michael Mara is the person primarily responsible for the day-to-day management of the Sector Rotational Portfolio. Mr. Mara is the founder, President and controlling shareholder of VFCA.

Mr. Mara formerly served as President of Penn Street Advisors, Inc., an investment advisory firm and wholly-owned subsidiary of Millennium Bank, from March 2000 to May 2002.

Through different companies, Mr. Mara was a portfolio manager responsible for the Sector Rotational Portfolio's day-to-day investment activities since its inception in 2000.

Before joining Millennium Bank, Mr. Mara was a principal with the Vanguard Fiduciary Trust Company from 1997 to 1999.

From 1986 to 1997, Mr. Mara served in a number of increasingly responsible positions with Merrill Lynch, including positions as District Manager and Senior Vice President of Merrill Lynch Trust Company in San Francisco and National Sales Manager of Merrill Lynch Trust Company in Princeton, New Jersey.

In all, Mr. Mara has been an investment professional for twenty years. Mr. Mara also serves as a director of PSIA, and is a trustee of the Quaker Investment Trust."