LEAD ARTICLE - Government versus Goldman
The SEC has charged Goldman Sachs with fraud related to products that track performance of mortgage-backed securities.  Specifically, the SEC alleges that Goldman failed to inform customers that products for which it was making a market had been created with the assistance of hedge fund Paulson & Co., and that Paulson was at the same time betting that those securities would fail.  Goldman has vehemently denied the charges, explaining that their customer (ACA Management LLC) was the "portfolio selection agent" and was never misled. . . .

INSIDE THIS ISSUE
Quarterly Review of Investment Policy
The Back Page Explained
Court Maintains Status Quo on Mutual Fund Fees
New Funds Recommended
Recent Market Statistics
The Dow Jones Industrials Ranked by Yield
Recommended Investment Vehicles