Giordano Fund

Portfolio Holdings as of 2/28/2010

Ticker Cusip Description Shares Market Value
AA 013817101 Alcoa Inc. 3,000.000 $39,900.00
BRKL 11373M107 Brookline Bancorp, Inc. 4,000.000 $41,120.00
COP 20825C104 ConocoPhillips 1,100.000 $52,800.00
CPSI 205306103 Computer Programs and Systems, Inc. 1,600.000 $57,504.00
CVX 166764100 Chevron Corportation 1,000.000 $72,300.00
DICXX 26188J206 Dreyfus Cash Manage ment Inst. Fund 288 0.000 $0.00
EM050112 EM050112 Empire Corporation 05/01/12 275,000.000 $275,000.00
FMPXX 316175207 Fidelity Money Market Inst. Fund 59 16,261.480 $16,261.48
GE 369604103 General Electric Company 2,000.000 $32,120.00
HD 437076102 The Home Depot, Inc. 2,000.000 $62,400.00
JNJ 478160104 Johnson & Johnson 1,300.000 $81,900.00
LLY 532457108 Eli Lilly & Company 2,000.000 $68,680.00
MDT 585055106 Medtronic, Inc. 2,000.000 $86,800.00
MRK 58933Y105 Merck & Co., Inc. 2,000.000 $73,760.00
NUE 670346105 Nucor Corporation 1,400.000 $57,960.00
OLN 680665205 Olin Corporation 4,000.000 $70,040.00
PAYX 704326107 Paychex, Inc. 2,500.000 $74,850.00
RSW 78355W767 Rydex Inverse 2x S&P 500 ETF 1,000.000 $56,520.00
RTN 755111507 Raytheon Company 2,000.000 $112,480.00
SDS 74347R883 UltraShort S&P500 ProShares 2,300.000 $80,477.00
SNA 833034101 Snap-On, Inc. 2,000.000 $84,440.00
TRV 89417E109 Travelers Group, Inc. 2,000.000 $105,180.00
WFC 949746101 Wells Fargo & Company 3,100.000 $84,754.00

Totals 333,561.480 $1,687,246.48