Hollywood Police Officers' Pension Fund
September 30, 2004
Total Fund
		5 Year Return (p1)				5 Year Standard Deviation (p20)				Size		(p1)
		Fund	Policy	Ratio		Fund	Policy	Ratio
12/31/2003		3.8	3.07	0.73		8.59	8.73	-0.14		0.343		Original Amount	59,084
3/31/2004		3.91	3.18	0.73		8.48	8.6	-0.12		0.49		Net Flows	408
6/30/2004		3.32	2.42	0.9		8.36	8.55	-0.19		0.7		Gain/Loss	99,631
9/30/2004		3.42	3.15	0.27		8.4	8.53	-0.13		1
												Total	159,123
Inverness Equities
		5 Year Return (p43)				5 Year Standard Deviation (p51)				Size		(p43)
		Fund	Policy	Ratio		Fund	Policy	Ratio
12/31/2003		1.27	-0.72	1.99		16.88	16.97	-0.09		0.343		Original Amount	18,638
3/31/2004		1.02	-1.22	2.24		16.81	16.79	0.02		0.49		Net Flows	-22,242
6/30/2004		0.19	-2.24	2.43		16.57	16.55	0.02		0.7		Gain/Loss	60,670
9/30/2004		0.20	-1.31	1.51		16.62	16.51	0.11		1
												Total	57,066
DHJ Total (Equity + Cash)
		Inception Return (p53)				Inception Standard Deviation (p59)				Size		(p53)
		Fund	Policy	Ratio		Fund	Policy	Ratio
12/31/2003		-6.85	-6.26	-0.59		16.06	17.31	-1.25		0.343		Original Amount	10,795
3/31/2004		-6.58	-5.48	-1.1		15.58	16.83	-1.25		0.49		Net Flows	12,614
6/30/2004		-5.84	-4.78	-1.06		15.22	16.4	-1.18		0.7		Gain/Loss	-4,509
9/30/2004		-6.58	-4.92	-1.66		14.96	16.02	-1.06		1
												Total	18,900
Inverness Fixed Income
		5-Year Return (p23)				5-Year Standard Deviation (p31)				Size
		Fund	Policy	Ratio		Fund	Policy	Ratio
12/31/2003		6.95	6.65	0.3		3.74	3.99	-0.25		0.343
3/31/2004		7.58	7.39	0.19		3.56	3.84	-0.28		0.49
6/30/2004		7.32	6.93	0.39		3.71	4.08	-0.37		0.7
9/30/2004		7.78	7.43	0.35		3.71	4.1	-0.39		1