Manager Commentary

The following information is provided for your review. Please contact Bridges Investment Management with any questions. Thank you.

Bridges Investment Management Newsletter dated April 12, 2006.

Bridges Investment Management Newsletter dated January 26, 2006.

Bridges Investment Management Newsletter dated September 5, 2005.

Bridges Investment Management Newsletter dated September 1, 2005.

Bridges Investment Management Newsletter dated June 20, 2005.

Bridges Investment Management Newsletter dated April 11, 2005.

Bridges Investment Management Newsletter dated January 31, 2005.

Bridges Investment Management Newsletter dated August 18, 2004.

Bridges Investment Management Newsletter dated April 22, 2004.

Bridges Investment Management Newsletter dated February 23, 2004.

Bridges Investment Management Newsletter dated January 16, 2004.

Bridges Investment Management, Inc. brochure.