MH Elite Small Cap Fund of Funds
Top Ten Holdings
(As of 5-31-2005)

Fund Holding Percentage of Fund

N/I Numeric Investors Small Cap Value Fund 8.3%

RS Partners Fund 8.1%

William Blair Small Cap Fund 7.6%

Bridgeway Ultra Small Company Market 7.3%

Bjurman Barry Micro Cap Growth Fund 6.5%

Munder Small Cap Value Fund 6.5%

Royce Value Plus Fund 6.0%

Fifth Third Micro Cap Value Fund 5.9%

Wasatch Micro Cap Fund 5.8%

Bogle Small Cap Fund 5.7%

Fund Holding	Percentage of Fund
N/I Numeric Investors Small Cap Value Fund	8.3%
RS Partners Fund	8.1%
William Blair Small Cap Fund	7.6%
Bridgeway Ultra Small Company Market	7.3%
Bjurman Barry Micro Cap Growth Fund	6.5%
Munder Small Cap Value Fund	6.5%
Royce Value Plus Fund	6.0%
Fifth Third Micro Cap Value Fund	5.9%
Wasatch Micro Cap Fund	5.8%
Bogle Small Cap Fund	5.7%