| PREMIER GROWTH PORTFOLIO |
Quarterly report to 31st January 2010 >
Suitable for: the more adventurous investor comfortable with a high-risk strategy, but with the potential for greater returns.
The Premier Growth Portfolio invests in UK and overseas markets through both closed and open-ended investment companies and through structured products. As with the Premier Balanced Portfolio, it may provide exposure to a range of asset classes such as property or commodities, but there will be a greater focus on potential capital appreciation and less emphasis on capital protection.
In order to build-in additional growth opportunities, the Portfolio may include a greater exposure to closed-ended funds as well as exposure to more volatile markets and individual investments that would be regarded as higher risk. Nevertheless, we seek to mitigate risk through diversification, using a range of asset and fund types.
Important: Investors need to refer to the Risk Warnings in this document and those contained in the Premier Portfolio Discretionary Agreement when considering their choice of portfolio.

|