FAO Long Term

ANNEX C-6

VENTURE CAPITAL - US DOLLAR

(As of 31 December 2000)

Unrealized

Shares

Securities Description

Market Value

Cost

Gain/Loss

594,056

FIDUCIARY INTL EMERG MKTS BD

5,887,091.49

5,925,512.20

(38,420.71)

309,733

FIDUCIARY TST GBL US HIGH GWTH EQ FD

10,843,746.38

3,430,368.00

7,413,378.38

32,500

ASIA EX JAPAN EQT FD UNT 10 PLAC

249,275.00

325,000.00

(75,725.00)

TOTAL

16,980,112.87

9,680,880.20

7,299,232.67