Chambers Investment Planners - Approved Product List - May 2008

Research APL
Code Product Name BUY HOLD SELL Currently Approved Comments
Done Date
Typical Industry Products
Cash
AMF0100AU Adelaide - Cash Management Trust 1/31/2008 2008 Feb Not Rated
AMF2039AU Adelaide - Money Market Account 24hr Call 2008 Feb
MAQ0001AU Macquarie - Cash Management Trust 1/31/2008 2008 Feb Not Rated

Fixed Interest
HOW0001AU Challenger - Howard Mortgage Trust 1/31/2008 2008 Feb Investment Grade
SBC0813AU UBS Australian Bond Fund 1/31/2008 2008 Feb Lonsec Highly Recommended
FSF0027AU Colonial First State Australian Bond Fund 1/31/2008 2008 Feb Lonsec Highly Recommended

Property
CRS0007AU Credit Suisse - Property Fund 1/31/2008 2008 Feb Lonsec Recommended
HBC0008AU Challenger FM Property Fund 1/31/2008 2008 Feb Lonsec Investment Grade

Australian Shares
BTA0021AU BT Investment - BT Australian Share Fund 1/31/2008 2008 Feb Lonsec Highly Recommended
BTA0019AU BT Lifetime Pers Super - Australian Share 1/31/2008 2008 Feb Lonsec Highly Recommended
BTA0007AU BT Lifetime Super-Allocated Pension-Australian 1/31/2008 2008 Feb Lonsec Highly Recommended
PER0028AU Perpetual's Investor Choice Fund- Industrial Share Fund 1/31/2008 2008 Feb Lonsec Recommended
AAP0103AU Asubil Dexia Ltd 1/31/2008 2008 Feb Lonsec Highly Recommended
IML0004AU IML (Sandhurst) Industrial Fund 1/31/2008 2008 Feb Lonsec Highly Recommended

International Shares
NML0348AU AXA Global Equity 1/31/2008 2008 Feb Lonsec Highly Recommended
SBC0822AU UBS - International Share Fund 1/31/2008 2008 Feb Fund Watch Lonsec Rating

Managed Funds
AMP0685AU AMP - Enhanced Yield Fund 1/31/2008 2008 Feb Lonsec Recommended
APN0004AU APN Property for Income Fund No.2 1/31/2008 2008 Feb Lonsec Recommended
BTA0492AU BT Lifetime Super-Alloc Pen-Conservative 1/31/2008 2008 Feb Lonsec Recommended
BTA0043AU BT Classic Investment - Balanced Returns Fund 1/31/2008 2008 Feb Lonsec Not Rated
WFS0003AU BT Inv Choice - Westpac Conservative Growth 1/31/2008 2008 Feb Lonsec Not Rated
WFS0032AU BT Inv Choice - Westpac Moderate Growth 1/31/2008 2008 Feb Lonsec Not Rated
BTA0603AU BT Lifetime Per Super - Balanced Returns 1/31/2008 2008 Feb Lonsec Not Rated
BTA0065AU BT Lifetime Pers Super - Future Goals 1/31/2008 2008 Feb Lonsec Not Rated
BTA0150AU BT Lifetime Super-Alloc Pen-Balanced Returns 1/31/2008 2008 Feb Lonsec Not Rated
BTA0211AU BT Lifetime Super-Alloc Pen-CFS Aust Shares 1/31/2008 2008 Feb Lonsec Not Rated
BTA0151AU BT Lifetime Super-Alloc Pen-Conserv Outlook 1/31/2008 2008 Feb Lonsec Not Rated
BTA0192AU BT Lifetime Super-Alloc Pen-Credit Suisse Intl 1/31/2008 2008 Feb Lonsec Not Rated
BTA0493AU BT Lifetime Super-Allocated Pens-Balanced 1/31/2008 2008 Feb Lonsec Not Rated
FSF0025AU CFS ROSCO - Capital Secure Option 1/31/2008 2008 Feb Lonsec Not Rated
FSF0022AU CFS MIF - Diversified Fund 1/31/2008 2008 Feb Fund Watch - Lonsec Rating
FSF0020AU CFS ROSCO - Diversified Option 1/31/2008 2008 Feb Fund Watch - Lonsec Rating
FSF0007AU CFS MIF - Future Leaders Fund 1/31/2008 2008 Feb Lonsec Investment Grade
FSF0013AU CFS MIF - Imputation Fund 1/31/2008 2008 Feb Fund Watch - Lonsec Rating
FSF0023AU CFS ROSCO - Balanced Option 1/31/2008 2008 Feb Fund Watch - Lonsec Rating
HOW0142AU Challenger - High Yield Fund 1/31/2008 2008 Feb Lonsec Recommended
MMC0110AU EQT Intrinsic Value International 1/31/2008 2008 Feb Current clients of M. Nemeth
JBW0103AU Goldman Sachs JBWere Global Smaller Comp 1/31/2008 2008 Feb Lonsec Recommended
MFS0001AU MFS Premium Income Fund 1/31/2008 2008 Feb Fund Watch Lonsec Rating
PER0102AU Pertpetual Concentrated Equities 1/31/2008 2008 Feb Current clients of M. Nemeth
PLA0002AU Platinum - International Fund 1/31/2008 2008 Feb Lonsec Recommended
PLA0004AU Platinum - Asia Fund 1/31/2008 2008 Feb Lonsec Highly Recommended
PMC0100AU PM Capital - Absolute Performance 1/31/2008 2008 Feb Lonsec Recommended
Questus Land Development Fund 1/31/2008 2008 Feb Under Review
DFA0101AU Dimensional Australian Value Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0103AU Dimensional Australian Large Company Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0104AU Dimensional Australian Small Company Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0004AU Dimensional Global Core Equity Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0102AU Dimensional Global Value Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0106AU Dimensional Global Small Company Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0107AU Dimensional Emerging Markets Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0105AU Dimensional Global Large Company Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0100AU Dimensional Short Term Fixed Interest Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0003AU Dimensional Australian Core Equity Trust 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0108AU Dinensional-5 year Diversified Fixed Interest 1/31/2008 2008 Feb Standard & Poor's 4 star rating
DFA0002AU Dinmensional-2 Year Diversified Fixed Interest 1/31/2008 2008 Feb Standard & Poor's 4 star rating
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Chambers Investment Planners - Approved Product List - May 2008

Research APL
Code Product Name BUY HOLD SELL Currently Approved Comments
Done Date
Master Funds/Wrap Platforms
Macquarie Wrap 2008 Feb
Asgard 2008 Feb
Dimensional - Platform 2008 Feb

Risk Products
Insurance Provider
AXA 2008 Feb
Asteron 2008 Feb
Comminsure 2008 Feb
ING 2008 Feb
Tower 2008 Feb
Zurich 2008 Feb

Chambers Method - Approved Products

Capital Protected
PDS - 04/06/04 Macquarie - Geared Equities Investment 2008 Feb
Closing 12th June 2008
PDS - 18/04/08 Credit Suisse - GP100 - Australia 2008 May Lonsec Recommended

Agri-Business
AAG Research 3.75 Star Rating &
PDS - 14/02/07 Great Southern 2008 High Value Timber Feb-08 2008 Feb Lonsec Recommended Feb08

AAG & Adviser Edge Research - Both 4

PDS - 04/04/07 Great Southern 2008 Diversified Olives Project Feb-08 2008 Feb Star Rating
AAG 4 Star Rating & Adviser Edge 3.75
PDS - 13/12/07 Great Southern 2008 Future Forestry Inv.(Tree Project & Land Trust) May-08 2008 May Star Rating
Product Ruling Issued.
PDS - 03/01/08 Great Southern 2008 Wine Grape Income Project N/A 2008 May Research available soon

PDS - 14/07/07 Gunns Woodlands Option 1 Feb-08 2008 Feb Lonsec Recommended
PDS - 14/07/07 Gunns Woodlands Option 2 Feb-08 2008 Feb Lonsec Recommended

PDS - 26/09/07 Willmott 2007 Project Feb-08 2008 Feb AAG Research 4 Star Rating
PDS - 26/09/07 Willmott Forest 2007 Premium Forestry Blend Feb-08 2008 Feb AAG Research 4 Star Rating

Banking

Macquarie Mortgages Apr-08 Currently No new business accepted

National Australia Bank Under Referral Agreement

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