YOU SHOULD CAREFULLY CONSIDER WHETHER YOUR FINANCIAL CONDITION PERMITS YOU TO PARTICIPATE IN A COMMODITY POOL OR OTHER FORM OF MANAGED FUTURES INVESTMENT OR TRADING. IN SO DOING, YOU SHOULD BE AWARE THAT FUTURES AND OPTIONS TRADING CAN QUICKLY LEAD TO LARGE LOSSES AS WELL AS GAINS. SUCH TRADING LOSSES CAN SHARPLY REDUCE THE NET ASSET VALUE OF THE POOL OR ACCOUNT AND CONSEQUENTLY THE VALUE OF YOUR INTEREST IN THE POOL OR ACCOUNT. IN ADDITION, RESTRICTIONS ON REDEMPTIONS FROM A COMMODITY POOL MAY AFFECT YOUR ABILITY TO WITHDRAW YOUR PARTICIPATION IN THE POOL.

FURTHER, COMMODITY POOLS AND OTHER FORMS OF MANAGED FUTURES ACCOUNTS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT, AND ADVISORY AND BROKERAGE FEES. IT MAY BE NECESSARY FOR THOSE POOLS AND ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. YOU MUST BE PROVIDED A COMPLETE EXPLANATION OF EACH EXPENSE TO BE CHARGED ANY OR OTHER FORM OF MANAGED ACCOUNT BEFORE YOU INVEST TOGETHER WITH A STATEMENT OF THE PERCENTAGE RETURN NECESSARY TO BREAK EVEN AT THE END OF YOUR FIRST YEAR IN THE INVESTMENT.

THIS BRIEF RISK DISCLOSURE STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER FACTORS NECESSARY TO EVALUATE YOUR PARTICIPATION IN A COMMODITY POOL OR OTHER FORM OF MANAGED ACCOUNT. THEREFORE, BEFORE YOU DECIDE TO PARTICIPATE IN COMMODITY TRADING, YOU SHOULD CAREFULLY STUDY THE DISCLOSURE DOCUMENT PROVIDED BY THE COMMODITY POOL OR MANAGER. YOU SHOULD PAY PARTICULAR ATTENTION TO THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS ATTENDANT TO ANY INVESTMENT BEFORE YOU INVEST.

YOU SHOULD ALSO BE AWARE THAT COMMODITY POOLS AND OTHER MANAGED FUTURES ACCOUNTS MAY TRADE FOREIGN FUTURES OR OPTIONS CONTRACTS. TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES, INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET, MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION TO THE POOL AND YOU. FURTHER, UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE TRANSACTIONS FOR THE POOL MAY BE EFFECTED.

THE INFORMATION PRESENTED IN THE FUTURES INVESTMENT COMPANY (FIC) WEB SITE IS NOT AN OFFER TO SELL SECURITIES OR FUTURES ACCOUNTS OF ANY KIND. FIC IS BOTH A SECURITIES BROKER/DEALER AND A FUTURES INTRODUCING BROKER. FIC EXPECTS TO EARN COMMISSIONS AND TRAILING SERVICE FEES FROM THE SALE OF SECURITIES OR FUTURES IT RECOMMENDS. IT IS POSSIBLE THAT AT THIS DATE OR SOME SUBSEQUENT DATE THE OFFICERS, DIRECTORS AND/OR SHAREHOLDERS OF FIC AND ITS AFFILIATES WILL OWN SECURITIES OR FUTURES POSITIONS THAT ARE THE SAME AS OR CONTRARY TO THE POSITIONS RECOMMENDED BY THE MANAGERS SELECTED BY FIC TO MANAGE ITS CUSTOMER ACCOUNTS. NONE OF THE FIC OR ITS AFFILIATES POSITIONS WILL BE DISCLOSED TO THE PUBLIC OR THE FIC CUSTOMERS. THIS WEB SITE IS FOR INSTRUCTIONAL PURPOSES ONLY. PROSPECTIVE FIC CUSTOMERS ARE ADVISED TO MAKE DECISIONS BASED UPON THEIR SPECIFIC CIRCUMSTANCES AND NOT MERELY ON THE INFORMATION CONTAINED ON THIS WEBSITE.

Investments in futures involves high risks and YOU can LOSE a lot of money.

ALL TRADING INVOLVES HIGH RISK; PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE HAVE BEEN NO PROMISES, GUARANTEES OR WARRANTIES SUGGESTING THAT ANY TRADING WILL RESULT IN A PROFIT OR WILL NOT RESULT IN A LOSS. SOME OF THE MANAGERS RECOMMENDED BY FIC PRESENT ACTUAL TRADING RESULTS WHILE OTHERS APPLY THE TRADE METHODS THEY USE ON HISTORICAL PRICE AND OTHER PAST MARKET DATA. THE USE OF BACKTESTING METHODS ON HISTORICAL AND OTHER DATA ARE CALLED HYPOTHETICAL RESULTS. HYPOTHETICAL RESULTS ARE NOT BASED ON ACTUAL TRADING. THEY DO NOT INDICATE THAT ANY PROFITS HAVE EVER RESULTED FROM ACTUAL TRADING USING THE MANAGER’S TRADING SYSTEM.

COMMISSION RULE 4.41(C)(1) APPLIES TO "ANY PUBLICATION, DISTRIBUTION OR BROADCAST OF ANY REPORT, LETTER, CIRCULAR, MEMORANDUM, PUBLICATION, WRITING, ADVERTISEMENT OR OTHER LITERATURE…."COMMISSION RULE 4.41(B) PROHIBITS ANY PERSON FROM PRESENTING THE PERFORMANCE OF ANY SIMULATED OR HYPOTHETICAL FUTURES ACCOUNT OR FUTURES INTEREST OF A CTA, UNLESS THE PRESENTATION IS ACCOMPANIED BY A DISCLOSURE STATEMENT. THE STATEMENT DESCRIBES THE LIMITATIONS OF SIMULATED OR HYPOTHETICAL FUTURES TRADING AS A GUIDE TO THE PERFORMANCE THAT A CTA IS LIKELY TO ACHIEVE IN ACTUAL TRADING. COMMISSION RULE 4.41(B)(1)(I) HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.