BENCHMARK PORTFOLIO CHARACTERISTICS AT 12/31/10*

GARP EQUITY

	JE&W	S&P 500
Return on Equity	22.9%	15.3%
Price to Book	3.6x	2.2x
Dividend Long-Term Future Growth Rate	+7%	+5%
Dividend Yield	1.6%	1.8%
Earnings Long-Term Future Growth Rate	+12%	+7%
P/E 2007	14.8x	13.6x

TOP 10 HOLDINGS

Apple Computer Inc.

Exxon Mobil Corp.

Danaher Corp.
Schlumberger Ltd.
Pepsico Inc.
Alcon Inc.
Procter & Gamble
Johnson & Johnson
Praxair Inc.

Stryker Corp.

ACTIVE DURATION

INTERMEDIATE ACTIVE DURATION

Duration	3.50
Quality	Baa1
Maturity Distribution
Under 1 Year	12.8%
1-3 Years	28.9%
3-5 Years	22.3%
5-7 Years	7.2%
7-10 Years	27.2%
Over 10 Years	1.6%

Duration Distribution
Under 1 Year	12.8%
1-3 Years	36.4%
3-5 Years	19.1%
5-7 Years	27.5%
7-10 Years	4.2%

Sector Breakdown
Governments	0.0%
Int'l. Treasury Bond	0.0%
Treasuries	0.0%
Agencies	0.0%
Corporates	85.8%
Industrial	48.5%
Financial	9.4%
Utilities	27.8%

GNMA Pass-Thru	0.0%
Floating Rate-Notes	12.9%
Money Reserve	1.2%

Duration	2.73
Quality	A-
Maturity Distribution
Under 1 Year	19.8%
1-3 Years	37.9%
3-5 Years	19.0%
5-7 Years	11.9%
7-10 Years	11.4%
Over 10 Years	0.0%

Duration Distribution
Under 1 Year	19.8%
1-3 Years	43.9%
3-5 Years	19.8%
5-7 Years	12.3%
7-10 Years	4.2%

Sector Breakdown
Governments	0.0%
Int'l. Treasury Bond	0.0%
Treasury Bonds	0.8%
Agency Bonds	3.5%
Corporates	80.4%
Industrial	45.4%
Financial	9.5%
Utilities	25.4%

GNMA Pass-Thru	0.0%
Floating Rate-Notes	13.7%
Money Reserve	1.5%

*Representative Account

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