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| Investment Management |

Our philosophy is to construct individual portfolios using customized investment strategies to achieve each client's goals and objectives. Ongoing monitoring and feedback assures adherence to asset management and fiduciary standards.

Our Equity Investment Strategy is based upon:

Asset Allocation

Diversification

Style Discipline

Sector Expertise

Tax Efficiency

Consistency

Solutions unique to your needs

Sabal Growth Strategy

The Sabal Growth Strategy is a solution crafted for use by clients whose objective is capital appreciation with a lesser emphasis on dividend income. Large and Mid-Cap companies are reviewed for inclusion in the portfolio based on historical and future estimated earnings growth, investment quality, attractive valuation and diversification.

The strategy is diversified across economic sectors, and portfolios normally contain 30 to 40 individual stock issues. The objective is to have moderate turnover and manage trades where possible to optimize the portfolio in a tax-efficient manner. International stocks as well as small capitalization exposure may be added to portfolios depending on client considerations.

A sell discipline is in place to identify securities that no longer meet our original investment thesis, are underperforming or have reached valuations that no longer make them attractive to own.

Designed for clients who are seeking to participate in the growth of the equity markets by owning individual shares in high-quality companies, this approach can be customized around unique client needs and tax considerations.

Growth Portfolio Characteristics as of 12/1/2008
Dividend Yield	2.0%
Earnings Growth 2007 vs. 2006	16.0%
Long-term Future Earnings Growth	13.0%
Price-to-Earnings Ratio (P/E)	11.0x
Beta	0.99

Sabal Equity Income Strategy

The Sabal Equity Income Strategy is a solution crafted for use by clients who desire higher levels of current dividend income with the potential for capital appreciation and the growth of income. Companies with dividend yields that exceed 2% are reviewed for investment quality, attractive valuation and the potential to increase dividends in future years.

The strategy is diversified across economic sectors, and portfolios normally contain 25 to 35 individual stock issues with an average dividend yield at least twice the yield of the Standard & Poor's 500 average. The majority of these dividends are qualified for the favorable maximum dividend tax rate of 15%.

Designed for conservative clients with an interest in safety and a desire to obtain more of their equity returns from income than appreciation, this approach offers appeal to long term investors who want to maximize their income stream and reduce market volatility, and can be customized around unique client needs and tax considerations.

Income Portfolio Characteristics as of 12/1/2008
Dividend Yield	4.6%
Five-Year Historical Dividend Growth	11.0%
Dividend Long-term Future Growth	3.0%
Price-to-Earnings Ratio (P/E)	12.8x
Beta	0.78
Estimated EPS Growth 2007 vs. 2006	5.0%

International, Value, Mid-Cap, and Small-Cap equity style managers are also available where appropriate.

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