Meyer Capital Manage

Global Investment Ma

ment, Inc.

nagement

C o m p a n y Pr o f i l e

Managed Futures -

The Ability to Profit in Virtually Any Economic EnvironmentC o m m i t t e d t o S u c c e s s

Meyer Capital Management, Inc. (MCM) is a leading alternative

asset manager specializing in managed futures. MCM serves

those investors seeking to diversify their current equity and fixed

income portfolios. Utilizing global markets in foreign exchange,

financial futures, and commodities, our fundamental objective

is to strategically participate in both rising and falling price

movements that result from various economic supply and

demand imbalances. With access to a vast array of markets

and financial instruments, and combined with a strict risk

management policy, MCM offers an attractive risk-adjusted

investment program.

Academic research has shown that the returns generated by a

managed futures program are not necessarily dependent upon

the same economic factors that benefit a typical stock and bond

portfolio. Most traditional managers are restricted by govern-

ment regulation from participating in the unique opportunities

which exist by holding both long and short investment positions

in a wide variety of global financial instruments. A volatile

economic environment, which can cause stress to most equity

and fixed income investments is often the optimal setting for

our investment program. During inflationary times, hard

commodities such as foreign currencies, energies, and gold tend

to appreciate in value. During deflationary times, we have the

same potential to profit by selling into a declining market with

the expectation of buying back the position at a lower price.

The flexibility that a managed futures investment can offer

allows the investor to be better positioned for a greater number

of market environments and can lead to a smoother return

stream for the investor's overall portfolio.

C o m p a n y Pr o f i l e

Managed Futures -

The Ability to Profit in Virtually Any Economic EnvironmentC o m m i t t e d t o S u c c e s s

Meyer Capital Management, Inc. (MCM) is a leading alternative

asset manager specializing in managed futures. MCM serves

those investors seeking to diversify their current equity and fixed

income portfolios. Utilizing global markets in foreign exchange,

financial futures, and commodities, our fundamental objective

is to strategically participate in both rising and falling price

movements that result from various economic supply and

demand imbalances. With access to a vast array of markets

and financial instruments, and combined with a strict risk

management policy, MCM offers an attractive risk-adjusted

investment program.

Academic research has shown that the returns generated by a

managed futures program are not necessarily dependent upon

the same economic factors that benefit a typical stock and bond

portfolio. Most traditional managers are restricted by govern-

ment regulation from participating in the unique opportunities

which exist by holding both long and short investment positions

in a wide variety of global financial instruments. A volatile

economic environment, which can cause stress to most equity

and fixed income investments is often the optimal setting for

our investment program. During inflationary times, hard

commodities such as foreign currencies, energies, and gold tend

to appreciate in value. During deflationary times, we have the

same potential to profit by selling into a declining market with

the expectation of buying back the position at a lower price.

The flexibility that a managed futures investment can offer

allows the investor to be better positioned for a greater number

of market environments and can lead to a smoother return

stream for the investor's overall portfolio.

Our Investment Philosophy

The foundation of our investment strategy is based on the research we

have done in economic, statistical, and behavioral theory. Through the

use of quantitative analysis, our well-researched investment process

uses a consistent approach whose fundamental goal is to find market

tendencies and characteristics that do not change significantly over time.

Our computer systems examine market data, searching for relationships

among movements in prices with the single objective of detecting patterns

of repetitive behavior.

We do not subscribe to the traditional "buy and hold" philosophy which

is prevalent in most stock and bond portfolios. Since there is no exit

strategy inherent to such a mindset, adhering to such a plan can lead to

staggering losses which can take years for the investor

to recover. Instead, Meyer Capital Management’s approach

is to limit the portfolio’s exposure by allocating no more

than 1% of risk capital to each position. Although the

percentage allocated to each individual market can be

influenced by the sector and portfolio weightings, the objective is to

quickly eliminate those positions that prove to be incorrect and main-

tain those that are profitable. Although there can be no guarantee that

losses will be limited to these predetermined levels, historical perfor-

mance returns have reflected that policy.

It is our belief that the success of an investment strategy is highly depen-

dent on the discipline of the manager to adhere to its requirements in

the face of market adversity. Although slight modifications are periodi-

cally made to portfolio weightings, position size, and trade execution,

the underlying philosophy of our approach is to extract market ineffi-

ciencies that we believe will not change significantly over time. This

philosophy requires a disciplined and systematic process. Unlike discre-

tionary traders, whose decisions may be subject to behavioral biases,

Meyer Capital Management follows a strict investment process that

through rigorous research has shown to have a positive expectation.

The overall goal is to quickly

eliminate those positions that

prove to be incorrect and main-

tain those that are profitable.

Our Investment Philosophy

The foundation of our investment strategy is based on the research we

have done in economic, statistical, and behavioral theory. Through the

use of quantitative analysis, our well-researched investment process

uses a consistent approach whose fundamental goal is to find market

tendencies and characteristics that do not change significantly over time.

Our computer systems examine market data, searching for relationships

among movements in prices with the single objective of detecting patterns

of repetitive behavior.

We do not subscribe to the traditional "buy and hold" philosophy which

is prevalent in most stock and bond portfolios. Since there is no exit

strategy inherent to such a mindset, adhering to such a plan can lead to

staggering losses which can take years for the investor

to recover. Instead, Meyer Capital Management’s approach

is to limit the portfolio’s exposure by allocating no more

than 1% of risk capital to each position. Although the

percentage allocated to each individual market can be

influenced by the sector and portfolio weightings, the objective is to

quickly eliminate those positions that prove to be incorrect and main-

tain those that are profitable. Although there can be no guarantee that

losses will be limited to these predetermined levels, historical perfor-

mance returns have reflected that policy.

It is our belief that the success of an investment strategy is highly depen-

dent on the discipline of the manager to adhere to its requirements in

the face of market adversity. Although slight modifications are periodi-

cally made to portfolio weightings, position size, and trade execution,

the underlying philosophy of our approach is to extract market ineffi-

ciencies that we believe will not change significantly over time. This

philosophy requires a disciplined and systematic process. Unlike discre-

tionary traders, whose decisions may be subject to behavioral biases,

Meyer Capital Management follows a strict investment process that

through rigorous research has shown to have a positive expectation.

The overall goal is to quickly

eliminate those positions that

prove to be incorrect and main-

tain those that are profitable.

Global Portfolio Diversification

Exchanges and Other Markets Traded

MCM has great flexibility in how and where we invest. The ability to

participate in a vast array of global markets is one of the primary reasons

our investment program is able to exploit the many opportunities that

lead to consistent positive returns for our clients. In doing so, we partici-

pate in only the most liquid markets throughout the world. This global

approach allows us to spread our risk across many different sectors, including

global interest rates, currencies, stock indices, energies, precious metals,

grains and other agricultural commodities.

Although the idea of global participation is not new to the astute investor,

most portfolios are highly correlated due to the long-only investment

strategies employed by the majority of equity and

fixed income managers. In today’s global economy,

the price movement of stocks and bonds are becoming

ever more correlated from one country to the next.

Consequently, the diversification that the investor

hopes to achieve by investing in other countries is

becoming more elusive than ever before. The only

way to avoid the one dimensional approach that is

common in long-only investment strategies is to

implement an unbiased dynamic investment strategy that can profit from

both rising and falling markets. It is this potential, the ability to participate

and profit regardless of market direction that makes our investment pro-

gram particularly appealing to the sophisticated investor.

The only way to avoid the one

dimensional approach that is

common in long-only investment

strategies is to implement an

unbiased dynamic investment

strategy that can profit from both

rising and falling markets.

MCM trades in only those futures and forward markets that offer sufficient liquidity to minimize execution costs.

At its discretion, MCM may add or change those markets that are currently part of the MCM portfolio without prior notice.

Chicago Board of Trade

Chicago Mercantile Exchange

Coffee, Sugar & Cocoa Exchange

Eurex Deutschland

International Petroleum

Exchange of London Ltd.

London Commodity Exchange

London International Financial

Futures Exchange

London Metals Exchange

March a Terme International

de France

Meff Renta Fija

Montreal Exchange

New York Cotton Exchange

New York Futures Exchange

New York Mercantile Exchange

Osaka Securities Exchange

Singapore International

Monetary Exchange

Sydney Futures Exchange

Tokyo Commodity Exchange

Tokyo International Financial

Futures Exchange

Tokyo Stock Exchange

Over-The-Counter-Foreign

Exchange

Over-The-Counter-Cash

Market

Global Portfolio Diversification

Exchanges and Other Markets Traded

MCM has great flexibility in how and where we invest. The ability to

participate in a vast array of global markets is one of the primary reasons

our investment program is able to exploit the many opportunities that

lead to consistent positive returns for our clients. In doing so, we partici-

pate in only the most liquid markets throughout the world. This global

approach allows us to spread our risk across many different sectors, including

global interest rates, currencies, stock indices, energies, precious metals,

grains and other agricultural commodities.

Although the idea of global participation is not new to the astute investor,

most portfolios are highly correlated due to the long-only investment

strategies employed by the majority of equity and

fixed income managers. In today’s global economy,

the price movement of stocks and bonds are becoming

ever more correlated from one country to the next.

Consequently, the diversification that the investor

hopes to achieve by investing in other countries is

becoming more elusive than ever before. The only

way to avoid the one dimensional approach that is

common in long-only investment strategies is to

implement an unbiased dynamic investment strategy that can profit from

both rising and falling markets. It is this potential, the ability to participate

and profit regardless of market direction that makes our investment pro-

gram particularly appealing to the sophisticated investor.

The only way to avoid the one

dimensional approach that is

common in long-only investment

strategies is to implement an

unbiased dynamic investment

strategy that can profit from both

rising and falling markets.

MCM trades in only those futures and forward markets that offer sufficient liquidity to minimize execution costs.

At its discretion, MCM may add or change those markets that are currently part of the MCM portfolio without prior notice.

Chicago Board of Trade

Chicago Mercantile Exchange

Coffee, Sugar & Cocoa Exchange

Eurex Deutschland

International Petroleum

Exchange of London Ltd.

London Commodity Exchange

London International Financial

Futures Exchange

London Metals Exchange

March a Terme International

de France

Meff Renta Fija

Montreal Exchange

New York Cotton Exchange

New York Futures Exchange

New York Mercantile Exchange

Osaka Securities Exchange

Singapore International

Monetary Exchange

Sydney Futures Exchange

Tokyo Commodity Exchange

Tokyo International Financial

Futures Exchange

Tokyo Stock Exchange

Over-The-Counter-Foreign

Exchange

Over-The-Counter-Cash

Market

Benefits of Managed Futures

Managed futures are increasingly becoming an

important asset class to include in a well managed

portfolio due to a number of appealing characteristics.

Transparency

Transparency is particularly vital to

investors in alternative products such

as ours. Those who open an individual account with Meyer

Capital Management, Inc., will receive an account statement

each time we make a portfolio change. In addition, most

brokerage firms offer investors daily e-mailed or faxed state-

ments as well as 24-hour online account access. For those

who prefer to participate in our fund, you will receive a monthly

performance update from an independent certified public

accountant. This timely, convenient account information

makes monitoring your account very simple.

Non-correlation

The returns generated by a managed futures program are not

necessarily dependent upon the same economic factors that

benefit a traditional stock and bond portfolio. A volatile economic

environment, which can cause stress to most equity and fixed

income investments, is often the optimal setting for our investment

program. This non-correlated behavior suggests that a percentage

of assets committed to MCM can often lead to a smoother return

stream for the investor's overall portfolio.

Committed to Success

Performance Goals

Since its founding, MCM’s primary goal has been to achieve

superior risk-adjusted returns for its clients. Although there have

been periods when our clients have incurred losses, over the long

run, an investment into our program has produced attractive returns

with reasonable levels of risk. Although there can be no guarantee

that our program will produce the same levels of return in the

future, our research suggests that a reasonable allocation to our

investment program can lead to superior risk-adjusted returns for

the client’s overall portfolio.

Maintaining superior performance requires a commitment from

the investment firm to allocate the capital and effort necessary to

improve upon our existing investment strategies. At MCM, we are

constantly reviewing investment models and searching for modifi-

cations that have the potential to improve customer performance.

After these new models have been rigorously researched and tested,

they are then applied to proprietary funds for a reasonable amount of

time before being implemented amongst customer funds.

MCM is dedicated to meeting the needs of each client we serve.

We continuously strive to improve our communication with clients

whether it be via phone, website, or printed material. Up-to-the-

minute performance information, including portfolio exposure,

is made readily available. Furthermore, unlike some investment

programs, we do not have a minimum commitment period.

Although we strongly emphasize that investors view our product

as a long-term investment, they can choose to close the account

at any time. Upon notice to Meyer Capital Management, Inc., full

access to funds can generally be made available within a 24-hour

period. (For those who invest in the MGS II fund, additions can be

made monthly and withdrawals quarterly.)

Client Relationships

Research

Cash Efficient Alpha

Unlike traditional investments, a commitment to a managed

futures program does not necessarily require a cash deposit.

Instead, the investor may choose to use an existing stock or

bond portfolio as collateral to implement the manager’s program.

Thus, any profit (or loss) arising from the managed futures

product, is true alpha (value), since it is not generated at the

expense of the risk-free interest rate.

For those who fund the account with

cash, interest can generally be earned

on the liquidating value of the account.

Thus, any profit (or loss) arising

from the managed futures product,

is true alpha (value) since it is not

generated at the expense of the risk

free interest rate.

Benefits of Managed Futures

Managed futures are increasingly becoming an

important asset class to include in a well managed

portfolio due to a number of appealing characteristics.

Transparency

Transparency is particularly vital to

investors in alternative products such

as ours. Those who open an individual account with Meyer

Capital Management, Inc., will receive an account statement

each time we make a portfolio change. In addition, most

brokerage firms offer investors daily e-mailed or faxed state-

ments as well as 24-hour online account access. For those

who prefer to participate in our fund, you will receive a monthly

performance update from an independent certified public

accountant. This timely, convenient account information

makes monitoring your account very simple.

Non-correlation

The returns generated by a managed futures program are not

necessarily dependent upon the same economic factors that

benefit a traditional stock and bond portfolio. A volatile economic

environment, which can cause stress to most equity and fixed

income investments, is often the optimal setting for our investment

program. This non-correlated behavior suggests that a percentage

of assets committed to MCM can often lead to a smoother return

stream for the investor's overall portfolio.

Committed to Success

Performance Goals

Since its founding, MCM’s primary goal has been to achieve

superior risk-adjusted returns for its clients. Although there have

been periods when our clients have incurred losses, over the long

run, an investment into our program has produced attractive returns

with reasonable levels of risk. Although there can be no guarantee

that our program will produce the same levels of return in the

future, our research suggests that a reasonable allocation to our

investment program can lead to superior risk-adjusted returns for

the client’s overall portfolio.

Maintaining superior performance requires a commitment from

the investment firm to allocate the capital and effort necessary to

improve upon our existing investment strategies. At MCM, we are

constantly reviewing investment models and searching for modifi-

cations that have the potential to improve customer performance.

After these new models have been rigorously researched and tested,

they are then applied to proprietary funds for a reasonable amount of

time before being implemented amongst customer funds.

MCM is dedicated to meeting the needs of each client we serve.

We continuously strive to improve our communication with clients

whether it be via phone, website, or printed material. Up-to-the-

minute performance information, including portfolio exposure,

is made readily available. Furthermore, unlike some investment

programs, we do not have a minimum commitment period.

Although we strongly emphasize that investors view our product

as a long-term investment, they can choose to close the account

at any time. Upon notice to Meyer Capital Management, Inc., full

access to funds can generally be made available within a 24-hour

period. (For those who invest in the MGS II fund, additions can be

made monthly and withdrawals quarterly.)

Client Relationships

Research

Cash Efficient Alpha

Unlike traditional investments, a commitment to a managed

futures program does not necessarily require a cash deposit.

Instead, the investor may choose to use an existing stock or

bond portfolio as collateral to implement the manager’s program.

Thus, any profit (or loss) arising from the managed futures

product, is true alpha (value), since it is not generated at the

expense of the risk-free interest rate.

For those who fund the account with

cash, interest can generally be earned

on the liquidating value of the account.

Thus, any profit (or loss) arising

from the managed futures product,

is true alpha (value) since it is not

generated at the expense of the risk

free interest rate.

Make us your choice

Meyer Capital Management, Inc.

303 East Main Street

Suite 205

Barrington, IL 60010

Telephone: 847-277-0857

Fax: 847-277-0495

www.meyercapmgt.com

An investment in any fund or program offered by Meyer Capital Management, Inc.

can only be made pursuant to a qualifying private offering memorandum

or CFTC disclosure document, the delivery of which has been authorized by

Meyer Capital Management, Inc.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

FUTURES TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK, AND IS NOT

SUITABLE FOR ALL INVESTORS.

Futures Accounting & Compliance

Contact Information

Accountant

Tressler, Soderstrom, Maloney & Priess

Counsel

Commodity Trading Advisor (CTA)

Commodity Pool Operator (CPO)

Introducing Broker (IB)

Registrations

National Futures Association

Managed Funds Association

Futures Industry Association

Memberships / Affiliations

Make us your choice

Meyer Capital Management, Inc.

303 East Main Street

Suite 205

Barrington, IL 60010

Telephone: 847-277-0857

Fax: 847-277-0495

www.meyercapmgt.com

An investment in any fund or program offered by Meyer Capital Management, Inc.

can only be made pursuant to a qualifying private offering memorandum

or CFTC disclosure document, the delivery of which has been authorized by

Meyer Capital Management, Inc.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

FUTURES TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK, AND IS NOT

SUITABLE FOR ALL INVESTORS.

Futures Accounting & Compliance

Contact Information

Accountant

Tressler, Soderstrom, Maloney & Priess

Counsel

Commodity Trading Advisor (CTA)

Commodity Pool Operator (CPO)

Introducing Broker (IB)

Registrations

National Futures Association

Managed Funds Association

Futures Industry Association

Memberships / Affiliations