Hollywood Police Officers' Pension Fund
June 30, 2004
Total Fund
		5 Year Return (p1)				5 Year Standard Deviation (p20)				Size		(p1)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2003		4.54	3.79	0.75		8.76	8.9	-0.14		0.343		Original Amount	59,084
12/31/2003		3.8	3.07	0.73		8.59	8.73	-0.14		0.49		Net Flows	-143
3/31/2004		3.91	3.18	0.73		8.48	8.6	-0.12		0.7		Gain/Loss	100,258
6/30/2004		3.32	2.42	0.9		8.36	8.55	-0.19		1
												Total	159,199
Inverness Equities
		5 Year Return (p43)				5 Year Standard Deviation (p51)				Size		(p43)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2003		3.03	0.82	2.21		17.38	17.39	-0.01		0.343		Original Amount	18,638
12/31/2003		1.27	-0.72	1.99		16.88	16.97	-0.09		0.49		Net Flows	-19,624
3/31/2004		1.02	-1.22	2.24		16.81	16.79	0.02		0.7		Gain/Loss	61,884
6/30/2004		0.19	-2.24	2.43		16.57	16.55	0.02		1
												Total	60,898
DHJ Total (Equity + Cash)
		Inception Return (p53)				Inception Standard Deviation (p59)				Size		(p53)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2003		-9.57	-9.7	0.13		16.21	17.32	-1.11		0.343		Original Amount	10,795
12/31/2003		-6.85	-6.26	-0.59		16.06	17.31	-1.25		0.49		Net Flows	11,604
3/31/2004		-6.58	-5.48	-1.1		15.58	16.83	-1.25		0.7		Gain/Loss	-3,592
6/30/2004		-5.84	-4.78	-1.06		15.22	16.4	-1.18		1
												Total	18,807
Inverness Fixed Income
		5-Year Return (p23)				5-Year Standard Deviation (p31)				Size
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2003		6.96	6.69	0.27		3.71	3.94	-0.23		0.343
12/31/2003		6.95	6.65	0.3		3.74	3.99	-0.25		0.49
3/31/2004		7.58	7.39	0.19		3.56	3.84	-0.28		0.7
6/30/2004		7.32	6.93	0.39		3.71	4.08	-0.37		1