Hollywood Police Officers' Pension Fund
Alpha & Beta: 5-Years Trailing (or Inception if Less)
December 31, 2001
BETA
				Current
				Policy	Dec-01	Sep-01	Jun-01	Mar-01	Dec-00	Sep-00	Jun-00	Mar-00
	Total Fund			*	1.05	1.05	1.07	1.07	1.07	1.05	1.05	1.05
	Managers, Total Fund
	Inverness			50/45/5	1.06	1.06	1.08	1.08	1.07	1.06	1.05	1.04
	Managers, Equities
	Davis, Hamilton, Jackson			**	0.79	0.82	0.81	0.80	0.81	0.65	n/a	n/a
	Inverness			S&P500	1.00	0.99	1.00	0.99	0.97	0.95	0.94	0.94
ALPHA
	Total Fund			*	0.19%	-0.10%	-0.42%	-0.28%	-0.17%	0.40%	0.11%	0.17%
	Managers, Total Fund
	Inverness			50/45/5	0.10%	-0.26%	-0.66%	-0.58%	-0.49%	0.16%	0.03%	0.16%
	Managers, Equities
	Davis, Hamilton, Jackson			**	-1.42%	0.46%	1.79%	2.92%	5.39%	10.18%	n/a	n/a
	Inverness			S&P500	-0.12%	-1.40%	-1.29%	-1.27%	-0.80%	0.46%	-0.01%	-0.08%
* 47% S&P500, 20.5% LBIGC, 20.5% LBGC, 12% Other
** 75% Barra Growth, 25% Midcap
	ASSET CONSULTING GROUP
	a division of Gabriel, Roeder, Smith, & Co.											Page 13