SERV NINE ACCOUNTING PORTFOLIO PROGRESS REPORT / JANUARY 2, 1998 The following is an accounting review of the SERV 9 PORTFOLIO. The columns to the left reflects original investment. The columns to the right reflect current status. XXXX's indicate holding is no longer active. CLOSING PRICES OF 01/02/98 Company ( Original ) ( Current ) Name Shares Price Investment Price Value Gain/Loss Hyduke Cap Res 1,400 $ 1.90 $ 2,660.00 ^ $ 3.11 $ 4,354.00 + 63.7% Enerchem Int'l 800 $ 3.55 $ 2,840.00 ^ $ 1.90 $ 1,520.00 - 46.5% Master Downhole 2,000 $ 1.35 $ 2,700.00 ^ $ 1.33 $ 2,660.00 - 01.5% Peak Energy Svc 400 $ 6.80 $ 2,720.00 ^ $ 4.90 $ 1,960.00 - 27.9% Trican Well Svc 400 $ 6.50 $ 2,600.00 ^ $ 5.50 $ 2,200.00 - 15.4% Artisan Corp. 200 $10.50 $ 2,100.00 ^ $11.40 $ 2,280.00 + 08.6% Badger Daylighting 400 $ 5.50 $ 2,200.00 ^ $ 5.80 $ 2,320.00 + 05.5% Petro-Field Ind. 5,000 $ 0.16 $ 800.00 ^ $ 0.20 $ 1,000.00 + 25.0% Tetonka Drilling 1,000 $ 2.40 $ 2,400.00 ^ $2.39 $ 2,390.00 - 00.4% ---------- ---------- Total Investment $21,020.00 Current $20,684.00 - 01.6% ---------- ---------- ---------- ---------- |