return of private foundation omb no 1 51&odst...

Return of Private Foundation or Section 4947(a)(7) Nonexempt Charitable Trust

Treated as a Private Foundation Node The organization may be able to use a copy of this return to satisfy state report .

ortaawear beginning NOV 1 . 2001 , and ending OCT

OMB No 1 51&ODSt

2001 Department of Me Thessurry internal POVeriha San "

A Employer IOenUlicallon number

36-3261347 B Telephone number

'A i') _sa7 _zRnn

Use the IRS Name of organization

label otherwise, HE RICHARD H . DRIEHAUS FOUNDATION

print Number and atreci log P O Cor. rumoe"I me 'is rut aehvena to scmet eGartssl

°'tyoe 5 EAST ERIE STREET See Specific

City or town, stale and ZIP code Instructions HICAG2 IL 60611

H Check type of organization ~ Section 501(c)(3) exempt private foundation Section 49G7(a)(7) nonexempt charitable trust 0 Other taxable private foundation

I Fair market value of all assets at end of year J Accounting method [--] Cash

(from Part II, cot (c), line 16) 0 Other (speedy) " S 49 , 845 , 395 . (Part l, column (d) must be on cash basis

P-4 1 Analysts of Revenue and Expenses

Accrual

I (d) Disbursements

(c) Adjusted net to rc~arRable income I purposes NIA f (cash basis only)

(The total of amounts in columns (D), (a) Revenue and (b) Net investment

(c), end (d) may not necessarily equal expenses per income books

99

12 Total Add lines 1 through 11 -,D D 31 / quo .

13 Compenaebon of olfcws dlrsctaa wsteea

61,457,545 .1 49,845,395 .1 49,845,395 . 17 Accounts payable and accrued expenses 18 Grants payable

v 19 Deterred revenue " = 20 Lwna homolfiren direcbn waroe wU o0iw eisqudinq guano

A 21 Mortgages and other notes payable

J 22 Other liabilities (describe

~ 23 Total liabilities addlines l7throu g h 22 3 , 793 , 881 . 5 , 523 , 3

Organizations that fallow SFAS 117, check here 1 0 and complete lines 24 through 25 and lines 30 and 31

24 Unrestricted .9 25 Temporarily restricted co 26 Permanently restricted °c Organizations that d0 not follow SFAS 117, check hero 1 0

and complete lines 27 through 31 " a 27 Capital stock trust DnnciOal, or current funds

0V°, 28 PaiOin or pedal surplus, or Land . OIOp , and equipment tend 029 Retained earnings, accumulated income, endowment, or other tunes 57 , 663 , 664 . 44 , 322 , 0

Z 30 Total netassets orfund balances 57 , 66-3 , 66-4 . 4-4- , 3-2-2- , 0-

31 Total liabilities andnetassets/f und 0alanaes 61 457 545 . 49 , 845 , 3

Part III Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances al beginning of year - Part tl, column (a), line 30 (must agree with end-of-year figure reported on pnoryeai s return)

2 Enter amount from Part I, line 21a 3 Other increases not included in line 2 (itemize) 1111- MARK TO MARKET ADJUSTMENT

" < Add Imes 1 2 and 3 5 Decreases not included in line 2 (itemize) " SEE STATEMENT 7 s Total net asses or tuna balances at end al vear (line 4 minus line 51 " Part II, column (b) line 30

57,663,664 . 2,233,954 .

50,492,086 . 6,170,051 .

44,322,035 . Fmm 990-PF Rooil

177511 01 24 OP

11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Form 990-PF(200t) THE RICHARD H . DRIEHAUS

Fp--~rj ~11 Balance Sheets

7 Cash -non-inteiesl-bearing 2 Savings and temporary cash investments 3 Accounts receivable 110' 1,185,828 .

Less allowance for doubtful accounts " 4 Pledges receivable 10'

Less allowance for doubtful accounts ~ 5 Grants receivable 6 Recervables due from officers directors, trustees, and other

disqualified persons OPCmC7MIOtr6rtmaGk , Less allowance for doubtful accounts

8 Inventones tar sale or use N 9 Prepare expenses and deferred charges

Q 10a Investments -US and slate government obligations h Investments -corporate stock STMT

c Investments - corporate bonds 71 km~~s waa~+~awm~~e~ lo- 14762

lesammuursawm+em 1 72 Investments - mortgage loans 13 Investments - other 14 land buildings and equipment basis ~

~mmweoowmvom 1

75 Other assets (aescnbe t STATEMENT

JNDATION 36-3261347 Page z epinninq of year End of year a) Book Value (6) Book Value (e) Fair Market Value

6 , 32-7 , 83-4 . 4 639,696 . 4 1 639 f 646 .

1,668,656 . 1,185,828 . 1,185 828 .

3 , 394 , 145 . 43 974,607 . 43 974 607 .

i4 , 625 . " 14 , 625 . 14625 .

P

(q) Cost or other basis plus expense of sale

(1) Depreciation allowed (or allowable)

omplete only for assets

(I) FMV as at 12131169

in column (h) and owned 6y the foundation on 12/31/69 (1) Adjusted basis (k) Excess of col (i) as of 12/31/69 over col (1), if any

(I) Gains (Col (h) gain minus cal (k) but not less than -0-) or

Losses (from car (n))

2 Capital pain net income or (net capital loss) ~ It g ain, also enter in Part I, line 7 1

" If ?loss), enter-0-in Part I line 7 ~

3 Net short-term capital pain or (loss) as defined in sections 1222(5) and (6) It gam, also enter in Part I, line 8, column (c) 11llossl . enter-0-in Part I . line 8

vow 990-PF Roop ixas, 01 2402

1 VWt N J Capital Gams and Losses for Tax on Investmer (a) Lisp and CescnDe tie kind(s) of property sold (e q , real estate, 2-story 6nck warehouse or common stock, 200 shs MLC Co )

SEE ATTACHED

10

w

(e) Gross Sales price

.>

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940(d)(2) applies, leave this part flank

Was the organization liable for the section 4942 tax on tie distnbutable amount of any year in the base Oenod? 0 Yes M No If Yes .' the ornanization does not quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see instructions before making any entries

0 Base Dno d years n^ nn ^1 Adjusted qualifying distributions Net value of noncha'ritable-use asses Distnbution redo r.~m~n~~ ~ ~Y A teal f61 divided by tot tell

2 Total of fine 1, column (d) 3 Average distribution ratio for the 5-year base period -Arvide the total on line 2 by 5, or by the number of years

the foundation has been in existence A less than 5 years

4 Enter the net value of nonchantable-use assets for 2001 from Part X line 5

5 Multiply line 4 by line 3

6 Enter 1% of net investment income (7% of Part I, line 27D)

7 Add lines 5 and 6

B Enter qualifying Cistn6u6ons from Part XII, line 4

It fine B a equal to or greater than line 7 check the box in Part VI fine 16, and complete that part usurp a tYo fax rate See the Part VI instructions

z .3748071

3 .0749614

4 54 .881,876 .

4,114,022 .

36-3261347 Page3

(cl Data acquired (0) Date sold mo,day,yr) (mo,0ay,yr)

(h) Gain or (loss) (e) plus (f) minus (g)

< fi

Fo~ 990-PF aoon " 4


Form 990-PF(200t) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Pag e a Pmt VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) 1 a Exempt operating foundations described m section 4940(d)(2), check here " L_J and enter'N!A' on line 1

Date of ruling letter (attach copy of ruling letter II necessary-see Instructions) b Domestic organizations that meet the section 4940(e) requirements in Part V check here " Eland enter 1% 1 0 .

01 Part I, line 27b c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 44; of Part I line 12 coi (b~

" 2 Taxundersection511(domesticsection4947(a)(1)Irust5an0tazahlefoundationsonly0lhersenter-0-) 2 0 . 3 Add lines 1 and 2 3 d Subtitle A (income) Paz (domestic section 4947(a)(1 I trusts and taxable foundations only Others enter -0-) 4 0 . 5 Tax based On investment income Subtract line 4 from line 3 It zero or less enter-0 " 5 0 . 6 Credits/Payments a 2001 estimated tax payments and 2000 overpayment credited to 2001 6a 22,019 .

" D Exempt foreign organizations -tax withheld al source fih c Tax paid with application for extension of time to file (Form 8868) 6c d Backup wnhholdfing erroneously withheld 5d

7 Total credits one payments Add lines 6a through 60 7 22 , 019 . 8 Enter any penalty for underpayment o1 estimated lax Check here 0 d Form 2220 is attached B 9 Tax due 11 the fatal of lines 5 and B is mare than line 7, enter amount aced " 9

" 10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid . 10 22 , 019 . 11 Enter the amount of line 10 to be Credited to 2002 estimated tax " 2 2 0 19 . Refunded " 11 0 . Part VII-A Statements Regarding Activities

1 a During the lax year, did the organization attempt to influence any national state, or local legislation or did it participate or intervene in Yes NO any political campaign is X

b Did it spend more khan $700 during the year (either directly or indirectly) far political purposes (see instructions for detinition)9 1b X " 11 the answer is "Yes' to 1 a or 16, attach e detailed description of the activities and copies o/ any materials published or

distributed by the organization in connection with the activities c Did the organization file Form 1120-POL for this years 1c X

0 Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (7) On the organization " $ 0 " (2) On organization managers " S 0 .

e Enter the reimbursement (it any) paid by the organization during the year for political expenditure tax imposed on organization managers " E 0

2 Has the organization engaged in any activities that have not previously been reported to the IRS 2 X

11 "Yes,' attach a detailed description of the activities 3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument articles of incorporation or

bylaws, or other similar instrumenis9 If "Yes,' attach a conformed copy of the changes 3 X

1773'1 01 2402

" 5 11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Form 99D-PF(2001) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Page S

Part VII-8 Statements Regarding Activities for Which Forth 4720 May Be Required File Form 4720 i1 any item is checked in the "Yes" column, unless an exception applies Yes NO

la During the year did the organization (either directly or indirectly) (7) Engage in the sale or exchange, or leasing of Property with a disqualified persons ~ Yes M No (2) Borrow money from lend money to or otherwise extend credit to (or accept it from)

" a disqualified persons 0 Yes 0 No (3) Furnish goods serves or facilities lo (or accept them from) a disqualified persons M Yes 0 No (d) Pay compensation to or pay or reimburse the expenses of a disqualified persons OX Yes 0 Na (5) Transfer any income or assets to a disqualified person (or make any o1 either available

for the benefit or use of a disqualified person) 0 Yes EK No (6) Agree to pay money or property to a government official? (Exception Check *No'

. it the organization agreed to make a grant to or la employ the official for a period after termination of government service it terminating within 90 days ) = Yes 0 No

h If any answer is'Yes'to 1a(1)-(6) Aid any of the acts tail to quality under the exceptions described in Regulations section 53 4941(U)-3 or in a current notice regarding disaster assistance (see page 19 at the instruclions)7 1b X , Organizations relying on a current notice regarding disaster assistance check here

c Did the orpanizaUOn engage in a prior year in any of the acts described in 7a other than excepted acts that were not corrected " before the tusk day of the tax year beginning in 2001 ? 1 c X

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942(j)(3) or 4942(j)(5))

a At the end of tax year 2001 did the organization have any undistributed income (lines 6d and tie, Part XIII) for tax year(s) beginning before 20011 = Yes ~C No IfYBS; list the years*_

" D Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed incomes (It applying section 4942(a)(2) to all years listed, answer'NO' and attach

statement -see instructions) N/A 2h c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here . s ,

I 3a Did the organization hold more than a 2%a direct or indirect interest in any business enterprise at any time

" during the year? =Yes [K No D If Yes' did it have excess business holdings m 2001 as a result of (1) any purchase by the organization or disqualified persons otter May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gill or bequest, or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C . Form 4720, to datemune d the orgenrzenon tied excess business holdings in 2001) N / A ao

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purDases'~ Ca X

6 Did the organization make any investment in a prior year (hut after December 31 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 20019 3p X

5a During the year did the organization pay or incur any amount to (1) Carry an propaganda or otherwise attempt to influence legislation (section 4945(e))? EJ Yes 0 No `

i (2) Influence the outcome of any specific public election (see section 4955, or to carry on directly or indirectly any voter registration drive? 0 Yes OX No

" (3) Provide a pent to an individual for travel, study, or other similar purposes ~ Yes ~ No (C) Provide a grant to an organization atherthan a charitable, etc, organization described in section

509(a)(1), (2) or (3), or section 4940(A)(2)? 0 Yes 0 No ` (5) Provide for any purpose other than religious charitable scientific, literary or educational purposes, or for

the prevention of cruelly to children or animals 0 Yes ~X No D 11 any answer is 'Yes' to Sa(1)-(5), did any of the transactions tail to quality under the exceptions described in Regulations

" section 53 4945 or in a current notice regarding disaster assistance (see Instructions)? 5h X

Organizations relying on a current notice regarding disaster assistance check here c II the answer is 'Yes' to question Sa(4) does the organization claim exemption from the tax because it maintained

expenditure responsibility for the grant? M Yes ONO II 'Yes,' attach the statement required by Regulations section 53 4945-5(cn

6! Did the organization, dunnp the year, receive any funds, directly or indirectly, to pay premiums on " a personal benefit contract? ~ Yes M Na

b Did the organization, during the year, pay premiums, directly or indirectly on a personal benefit contracts 6b X , I! you answered "Yes' to 66, also file Form 8870

Fwm 9B0-PF ctmt)

" Total number of others recewin over $50,000 for rofessianal services

Part IX-q Summary of Direct Charitable Activities

List the foundation's tour largest direct charitable activities during the lax year Include relevant statistical information such as tie number of organizations and other beneficiaries served, co nfe rences conv ened, research pace rs produced etc

N/A

2

4

Expenses

177551 of 24 oz nom, 990-PF

Rooq

6 11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Form 990-PF(200t) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Pages Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

1 List all oNcers, dureclors, trustees, foundation managers and their compensation

(b) Title and aversge (c) Compensation (mowomro (e) Expense other hours per week devoted (if not paid, °`° °°"~~ account other (a~Nameandaddress to p osition enter PO- ~ ~nm allowances

RICHARD H . DRIEHAUS RESIDENT/DI CTOR P .O . BOX 6277 ST . THOMAS US VI 00809 3 0 . 0 . 0 . DOROTHY MELLIN REAS/DIRECTO 25 EAST ERIE STREET CHICAGO IL 60611 3 9 , 000 . 1 0 . 0 . ELIZABETH DRIEHAUS ECR ./DIRECTO 25 EAST ERIE STREET rurrar_n rrFnFI l 3 ~ 9 .000 .E 0J 0 .

2 Compensation of five highest-paid employees (other than those included on line 1) II none, enter "NONE " (b) Title and average

(a) Name and address of each employee paid mare than $50 000 hours per week (c) Compensation devoted to p osition

SONIA FISCHER EXEC DIRECT

203 N WABASH AVE CHICAGO IL 60601 40 11-2 , 56-9-

PETER HANDLER PROGRAM DIREC TOR . 203 N WABASH AVE CHICAGO IL 60601 32 6-0- , 2-6-7

" Total number al other employees paid over $50,000 3 Five highest-paid independent contractors for professional services II none, enter "NONE "

(a) Name and address of each person paid more tha n $50,000 (6) Type of sei

TIRTRHAi1R CAPTTAT, MANAGEMENT INC . 78,839 .

Part X Minimum investment Return (All domestic foundations must complete this part Foreign foundations, see instructions )

1 Fair market value of assets not used (or held for use) directly in carrying out charitable etc , purposes a Average monthly fair market value of securities b Average of monthly cash balances c Fair market value of all other assets d Total (add lines 1a, b and c) e Reduction claimed for blockage or other factors reported an lines 1 a and

1c (attach detailed explanation) 1e 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line 1D 0 Cash deemed held for charitable activities Enter 1 1/2Y of line 3 (for greater amount, see instructions) 5 Net value of noncharitaGle-use assets Subtract line 4 from line 3 Enter here and an Part V line 4 6 Minimum investment return Enter 5% at line 5

is 52,268,957 . 1 t 3,448 684 . is 1 s 55 717 641 .

0 . z 0 . 3

" ' 712 641 .

a ~ 835, 765 . s 54 .881 .876 .

~9rt Xf DISt~blJtabl6 Amount (see instructions) (Section 49420)(3) and (1)(5) private operating foundations and certain

" foreign organizations check hem " 0 and do not complete this part )

1 Minimum investment return from Pad X line 6 1 2 1 744 1 094 .

2a Tax on investment income tar 2001 from Pan VI, line 5 2a h Income tax for 2001 (This does not include the tax tram Part VI 2b c Add lines 2a and 2b 2c 0 .

3 Oistnbutable amount before adjustments Subtract line 2c from line 1 3 2 , 7 44 , 09 4 . " Ca Recoveries of amounts treated as qualifying distributions 4a 0 .

D Income distributions from section 4947(a)(2) trusts 40 c Add lines 4a and 4D Ce

5 Add lines 3 and 4c ~5 2 , 744 , 094 . 6 Deduction from distrtbatabte amount (see instructions) f o ~ 0 . 7 DItlrI0uli61e amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 2,744,094 .

Part XII Qualifying Distributions see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable etC , purposes 7 Expenses contributions gels, etc -total tram Part I column (0), line 26 1 a 3 , 276 , 941 .

D Program-relatedinvestments -Total from Pad l%-8 1h 0 .

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable etc , purposes 2

. 3 Amounts set aside for specific charitable protects that Satisfy the a Suitability lest (prior IRS approval required) 3a 6 Cash distribution test (attach tie required schedule) 3b

A Qualifying distributions Add lines to through 3b Enter here and an Part V line 8, and Pad XIII line 4 d 3 , 276 t 941 .

5 Organizations that quality under section 4940(e) for the reduced rate of tax on net investment income Enter 1 % of Part 1, line 27b 5 0

" 6 Adjusted qualifying distributions Subtract line 5 from line a ~ 6 ~ 3,276,94 1 .

Note TM amount online 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies !or the section 4940(e) reduction of tax in those years

vow 990-PF Rooi)

,zass1 m x4 oz


Form 990-PF(2007) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Page?

Part IX-8 Summary of Program-Related Investments

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount i N/A

2

All other program-related investments See instructions 3

Add lines 1

177571 01 74 07

117.80305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Form 990-PF(2001) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Page e

" Pelt X111 Undistributed Income (see instructions)

(a) (6) /c/ (d) Corpus Years pnoito 2000 2000 2001

1 DislnOulable amount for 2001 from Pan XI line 7 2,744,094 .

" 2 UnaisinoutMinwme if any as of Me end of 2000 a Enter amount for 2000 only

06louilorpnory

E Any restrictions or limitations on awards such as by go oqra0h icai areas charitable hells kinds of institutions, or other factors

1235e1Ai 24 02 9 vo990-PF Rmn " 11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Form990-vF 2ooi THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Page 9 " P01t XI~/ PIlVate Operating Foundations (see instructions and Part VII A, question 9) NBA

1 a II the foundation has received a ruling or determination letter that A is a private operating foundation and the ruling is effective for 2001, enter the date of the ruling

D Check box to indicate whether the orpani:atian is a private o p eratin g foundation described in section 4942(l)( 3 ) or 0 4942(l)(5 ) 2 a Enter the lesser of the adjusted net Tax ear Prior 3 years

income from Pad I or the minimum (a) 200 (h) 2000 (c) 1999 (d) 7998 (e) Total

investment return from Part X for each year listed

D 85°.a of line 2a t Qualifying distributions from Part XII,

line 4 for each year listed D Amounts included in line 2c not

" used directly for active conduct of exempt activities

e Qualifying distributions made ch recthe for active conduct of exempt activities Subtract line 2d from line 2c

3 Complete 3a, 0 or c for the alternative test relied upon

a'ASSets'alternahvetest -enter I (1) Value of all assets

(2) Value of assets qualifying under section 4942(j)(3)(8)(q

h 'Endowment* alternative test- Enter 2/3 0l minimum investment return shown m Part X, line 61or each year listed

C '$UppOfr21(9RIdlN0test -enter (1) Total support other than gross

investment income (interest dividends, rents payments on seventies loans (section 512(a)(5)), or royalties)

I (2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(8)(n)

(3) Largest amount of support from " an exempt organization

d Gross investment income Part 7(Y Supplementary Information (Complete this part only if the organization had $5,000 or more in assets

at any time during the year-see page 26 of the instructions .)

1 Information Regarding Foundation Managers a List any managers of the foundation who have contributed more than 2% of the total contributions received by tie foundation before the close of any tax

II " year (but only d they nave contributed more than $5,000) (See section 507(d)(2) )

RICHARD H . DRIEHAUS D List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of tie ownership of a partnership or

other entity) Of which the foundation has a 10% 0r greater interest

SEE STATEMENT 10 2 Information Regarding Contnbulion, Grant, Gift, Loan, scholarship, ate , Programs

" Check here " ~X if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If tie organization makes gifts, grants etc (see instructions) to individuals or organizations under other conditions complete items 2a b c and d

a The name, address, and telephone number of the person to whom applications should be addressed

G The form m which applications Should be submitted and information and materials they should include

" c Anysubmission deadlines

Form 990-PF(2ooi) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Paoeio

129601A1 24 02 Form 990-PF Room

Enter gross amounts unless otherwise indicated unreiaiea ousiness income ewIT ~a~e e ,«eon su sia or su (a) (h) E,'L (d) Heisted or exempt Business Amount "COde °" Amount function income 1 Program service revenue code

a b c a e f g Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on savings and temporary cash

investments 14 85,584 . 4Dividends anainterest from securities 14 299,082 . 5 Net rental income or (loss) from real estate

a Debt-financed property b Not debt-financed property

6 Net rental income or (loss) from personal property

7 Other investment income 14 B Gain or (loss) from sales of assets other

than inventory 18 9 Net income or (loss) tram special events 70 Gross profit or (loss) from sales of inventory 11 Other revenue

a O c a a I I I I

72 Subtotal nddcolumns (b),(d),and(e) (- 0 . 0 . 13 Total Add line 12 columns (b) (d), and (a) " 13 (See worksheet in line 13 instructions to verity calculations 1

art VI- Relationship of Activities to the Accomplishment of Exempt Purposes

12361 1 01 2402 1L vom 990-PF poi "


41

Form 990-PF(2001) THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347 Page 11 Part XVI-A Analysis of Income-Producing Activities

Form 99D-PF(2oo1) THE RICHARD H . DRZEHAUS FOUNDATION Pert XVII Information Regarding Transfers To and Transactions and Relationships

Exempt Organizations 1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yf

the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizationO a Transfers from the reporting organization to a noncnaritaUle exempt organization of

(1) Cash 7a l(2) Other assets 1a 2

6 Other Transactions (t) Sales of assets to a noncharitable exempt organization 16 1 (2) Purchases of assets from a noncharita6le exempt organization 1b (2 ) (3) Rental of facilities equipment, or other assets 1b (3 ) (4) Reimbursement arrangements I b (4) (5) Loans of loan guarantees 1b (5 ) (6) Performance of services or membership of tunOraisinp solicitations 1 b ( 6 )

c Sharing of facilities equipment mailing lists other assets, or paid employees 1 e d If the answer to any of lie above is 'Yes' complete the following schedule Column (6) should always slaw the fair market value of the goods other assets,

or serves given by the reporting organization If the organization received less than fair market value in any transaction or sharing arrangement show in

X

2a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of tie Code (other than section 501(c)(3)) or in section 527 L] Yes EM No

h If 'Yes,' complete the followin g schedule lal Name of oraaniution (E) Tvoe of organization (c) Description of relationship

,23V, o, 24 02

11280305 710857 DRIEHAUS 2001 .0900

X~

X

UnESpenxtieolper/u Exl II(+eeaur8 ~nOCOmplele D nolp 0 ~IoNeTNN

v ' Siqnalu othcer o ee

= Pr rer's

C

anature y A ~° fvmsru" its iwn QUARLES dV~

a> ~imiaoimem '500 WEST 'oeArozP« rWrrnr_n

accompanying 7ch7.1Y1O Y1E SbIM1011b Nd (01110 test of TJ YfIOWIlOp! NE OlII "f it 1f Me, COROCt

0 M III 111bm1aW11 of WIIIU pRqVR has shy YnpM'Vpp

#3

Schedule B (Form 990,990-EZ,or

990-PF) Depanmenl of me Trteaan, Intemai Revenue Service

OM9 No 15ASOp77

2001 Employer identification number

36-3261347

Supplementary Information for line 1 of Form 990, 990-EZ and 990-PF (see instructions)

Organization type(check one)

Filers of Section

Form 990 or 990 EZ = 501(c)( ) (enter number) organization

Check A your organization is covered by the General rule or a Special rule (Note Only a section 501(c)(7), (8), or (10) organization can check box(es) /or both the General rule and a Special rule-see instructions )

General Rule-

~X For organizations filing Forth 990, 990 EZ, or 990 PF that received, during the year, $5,000 or more (in money or property) from any one contributor (Complete Parts I and II )

Special Rules-

0 For a section 501(c)(3) organization filing Form 990, or Form 990 EZ, that met the 33 1/3% support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(vQ and received from any one contributor . dunng the year, a contribution of the greater of E5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and 11 )

D For a section 501(c)(7), (8), or (70) organization filing Forth 990, or Form 990 EZ, that received from any one contributor, during the year, aggregate contributions or bequests o1 more than E7,000 for use exclusively for religious, chantable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and 10 )

" 13 11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Schedule of Contributors

Name of organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990 PF OX 501(c)(3) exempt private foundation

4947(a)(7) nonexempt charitable gust treated as a private foundation

0 501(c)(3) taxable private foundation

" 0 Fog a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990 EZ, that received from anyone contributor, during the year, some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than $1,000 (If this box is checked, enter here the total contnbutions that were received during the year for an exclusively religious, charitable, etc , purpose Do not complete any of the Parts unless the General rule applies to this organization because it received nonexclusrvely religious, charitable, etc , contributions o1 $5.000 or more during the year ) " E

Caution Organizations that era not covered by the General rule and/or the Special rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of they Form 990, Form 990-EZ, or on line 7 0l their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF)

Schedule B (Form 990, 990-EZ, or 990-PF) (2007)

,2345, ,2 29 0,

Schedule B (Form 990 990.EZ or 990.PF) (2001)

Name of organization

THE RICHARD H . DRIEHAUS FOUNDATION

Pa, L m I o

Employer Identification number

36-3261347

(a) (6) (c) (d) I

No Name, address and ZIP + 4 Aggregate contributions Type of contribution

" Person Payroll Noncash

(Complete Part II if there is a noncash contribution )

" i23452 i2 2 90, 14 Schedule 9 (Form 990, 990-EZ, or 990-10F) (2001) 11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

Part I Contributors (See Specific Instructions)

(a) /b) (c) (d) No Name, address and ZIP . 4 Aggregate contributions Type of contribution

JOHN D . & CATHERINE T . MACARTHUR 1 FOUNDATION Person

Payroll 140 S . DEARBORN STREET, SUITE 1100 g 171,000 . Noncash

" (Complete Part II if there CHICAGO, IL 60603-3285 isanoncashcontribution )

lal (b) kl 1d1 No Name, address and ZIP + 4 Aggregate contributions Type of confiribution

Person Payroll Nancash

(Complete Part II if there is a noncash contribution )

(a) (b) (e) (d) No Name, address and ZIP + 4 Aggregate eontnbutions Type of contribution

Person Payroll

g Noncash 0

" (Complete Part II d there is a noncash contribution I

lal Ibl ld (Co No Name, address and ZIP a 4 Aggregate contributions Type of contribution

" Person Payroll

$ Noncesh

(Complete Pan II d there is a noricash contribution

" (a) Ibl lei ldl No Name, address and 21P a 4 Aggregate contributions Type of contribution

Person Payroll 0

$ Noncash

" (Complete Part II d there is a noncash contribution )

36-3261347 THE RICHARD H . DRIEHAUS FOUNDATION

FORM 990-PF OTHER INCOME STATEMENT 2

TOTAL TO FORM 990-PF, PART I, LINE 11, COLUMN A

FORM 990-PF LEGAL FEES STATEMENT 3

10 (C) (D)

ADJUSTED CHARITABLE NET INCOME PURPOSES

18,806 . 18,805 . QUARLES 6 BRADY 37,611 .

TO FM 990-PF, PG 1, LN 16A 37,611 . 18,806 . 18,805 .

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 4

(C) ADJUSTED NET INCOME

(D) CHARITABLE PURPOSES

0 .

0 . 65,334 .

0 .

12,500 .

77,834 .

" 15 STATEMENT S) 1, 2, 3 280305 710857 DRTEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

DESCRIPTION

ORDINARY INCOME K-1 : GMG CAPITAL GMS CAPITAL COMPASS PASS THROUGH FOREIGN CURRENCY GAIN/LOSS

AMOUNT

330 .

(A) EXPENSES

DESCRIPTION PER BOOKS

(B) NET INVEST-MENT INCOME

(A) (B) EXPENSES NET INVEST-

DESCRIPTION PER BOOKS MENT INCOME

ADVISORY FEES 25,313 . 25,313 . DRIEHAUS CAPITAL MGMT - MANAGEMENT FEES 278,839 . 278,839 . CONSULTING FEES 65,334 . 0 . CUSTODY FEES 2,915 . 2,915 . DRIEHAUS ENTERPRISE MGMT - PROFESSIONAL FEES 25,000 . 12,500 .

TO FORM 990-PF, PG 1, LN 16C 397,901 . 319,567 .

THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347

FORM 990-PF TAXES STATEMENT 5

(A) (H) (C) (D) r EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

13,616 . 13,616 .

OTHER EXPENSES STATEMENT 6

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE PER BOOKS MENT INCOME NET INCOME PURPOSES

4,161 . 0 . 4,161 . 10,685 . 0 . 10,685 . 7,300 . 0 . 7,300 .

565 . 0 . 565 . 129 . 0 . 129 .

7,380 . 7,380 . 0 . 115,733 . 115,733 . 0 . 18,040 . 18,090 . 0 . 18,131 . 18,131 . 0 . 6,185 . 6,185 . 0 .

49,620 . 49,620 . 0 . 0 .

20,746 . 20,746 . 0 . 1,795 . 0 . 1,795 .

27,819 . 0 . 27,819 . 20,625 . 0 . 20,625 .

308,820 . 235,741 . 73,079 . TO FORM 990-PF, PG 1, LN 23

FORM 990-PF OTHER DECREASES IN NET ASSETS OR FUND BALANCES STATEMENT 7

DESCRIPTION AMOUNT

" UNREALIZED GAIN/LOSSES 6,153,381 . TAX EXPENSE FOR 2000 RETURN BOOKED IN 2000 16,670 .

6,170,051 . TOTAL TO FORM 990-PF, PART III, LINE 5

" 16 STATEMENT S) 4, 5, 6 11280305 710857 DRIEHAUS 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01

FOREIGN TAXES

TO FORM 990-PF, PG 1, LN 18

FORM 990-PF

DESCRIPTION

DATA PROCESSING FEES DUES EXPENSE PARTICIPATION PROGRAM BANK FEES SUBSCRIPTION DRIEHAUS QUANT INTERNATIONAL FUND COMPASS PASS THROUGH FIREBIRD GMT COMMUNICATION BEHRMAN CAPITAL MELLIN SMALL CAP POLAND GROWTH ORCHID ASIA INSURANCE OFFICE EXPENSES OUTSIDE SERVICES

13,616 . 13,616 . 0 .

0 .

~,

THE RICHARD H . DRIEHAUS FOUNDATION 36-3261347

FORM 990-PF CORPORATE STOCK STATEMENT 8

43,974,607 . 43,979,607

FORM 990-PF OTHER ASSETS STATEMENT 9

TOTAL TO FORM 990-PF, PART II, LINE 15 30,689 .

PART XV - LINE 1B LIST OF FOUNDATION MANAGERS

STATEMENT 10

RICHARD H . DRIEHAUS DOROTHY MELLIN

17 STATEMENT S) 7, B, 9 2001 .09000 THE RICHARD H . DRIEHAUS FOU DRIEHA01 0 11280305 710857 DRIEHAUS

I+ DESCRIPTION

STOCKS (SEE ATTACHED) statement $13 INV . MELLIN SMALL CAP FUND INV . COMPASS PASS THROUGH FUND INV . BEHRMAN CAPITAL II INV . DRIEHAUS ASIA PACIFIC FUND MUTUAL FUNDS AT NTA (SEE ATTACHED) stmt 1;13 INV . DRIEHAUS INTERNATIONAL DISCOVERY INV . ORCHID ASIA II INV . DRIEHAUS QUANTITATIVE INTERNATIONAL FUND INV . GMS CAPITAL PARTNERS

+ INV . GMT COMMUNICATIONS INV GMG CAPITAL PARTNER III LASALLE ASIA RECOVERY INTERNATIONAL L .P .

TOTAL TO FORM 990-PF, PART II, LINE lOH

BOOK VALUE

21,890,151 . 756,598 .

2,786,879 . 406,508 .

1,778,822 . 3,998,898 . 3,928,643 .

875,075 . 1,605,306 .

301,194 . 910,341 . 729,903 .

4,006,289 .

FAIR MARKET VALUE

21,890,151 . 756,598 .

2,786,879 . 406,508 .

1,778,822 . 3,998,898 . 3,928,643 .

875,075 . 1,605,306 .

301,194 . 910,341 . 729,903 .

4,006,289 .

DESCRIPTION

SECURITY DEPOSIT/OTHER DIVIDEND RECEIVABLE PREPAID TAXES

BOOK VALUE

1,667 . 7,003 .

22,019 .

FORM 990-PF

NAME OF MANAGER

FAIR MARKET VALUE

1,667 . 7,003 .

22,019 .

30,689 .

The above taxpayer is making an election under Regulations section 53 4942(a)-3(d)(2) for its distribution for the taxable year 2002 of

$3,276,941 is to be made out of corpus

287077V1

STATEMENT ATTACHED TO AND MADE PART OF U S RETURN OF PRIVATE FOUNDATION, FORM 990-PF

FOR THE YEAR ENDED OCTOBER 31, 2002

THE RICHARD H DRIEHAUS FOUNDATION FEIN 36-3261347

t

' "

i0

i

Totals (6,439,296) 372,950 (6,066,-i6)

STATEMENT #1 363261347

The Richard H. Driehaus Foundation SUMMARY OF GAINS/LOSSES Year ending October 31, 2002

TOTAL REALIZED

SHORT TERM LONG TERM GAINS/LOSSES

Stocks : ( Attached detail)

Allcap Growth (258,315) 8,777 (249,538) Best Ideas -(06056300) (2,839,076) 188,645 (2,650,431) Emerging Growth (1,260,322) 0 (1,260,322) Microcap Growth 59,648 85,431 145,079 Mid Cap Growth 29,356 22,240 51,596 Mid Cap Recovery (771,176) 32,389 (738,787) Small Cap Growth (475,182) 66,718 (408,464) Small CapRecovery (549,571) 175,1&4 (374,387)

Other:

Behrman Capful (3,352) (57,471) (60,823) Compass Pass Through 16,446 14,992 31,438 Driehaus Asia Pacific 0 66,723 66,723 Driehaus Quant International (176,504) 651 (175,853) GMG Capful (9,039) 0 (9,039) GMS Capital 0 (25,497) (25,497) GMT Communications 0 (55,924) (55,924) Mellin Small Cap Fund (415,723) (137,142) (552,865) Mutual Funds at NTA See attach detailp13,514 545 214,059 Orchid Asia 11 0 11,583 11,583 Poland Growth Fund 0 (24,894) (24,894)

t t t t

Wednesday Febmary 26, 2003 08 22 06 Page 1

Account: 06056519 -- RHD FOUNDATION - ALLCAP

Sale Purchase Realized Unamorlized Bond uantrt Security Descnouon Proceeds Dale Cast Date Gnm f- Losq Premium I- Discount

27000 AnhroCarc Corp 4,913 64 11/012001 761400 07272001 (270036) 0 00 27400 Bamcs B Noble Inc 9.80887 11/01/2001 7,006 18 09/06/2001 280269 000 11500 Dominion Resources IncNA 7,09825 11/012001 725880 08/30/2001 ( 16055) 000 31500 Dime Community Bancshares 724941 11/012001 7,954 13 0720/2001 (70472) 000 10900 Forest labo}atones Inc 8 106 05 111012001 7,97990 052512001 12725 000

14000 Lockheed Marlin Corp 6,77437 11/012001 6,50300 10/112001 27137 000 18800 Lowe's Companies 656662 11/01/2001 6,34688 10/192001 21974 000 15100 Philip Moms Companies Inc 7,16471 11/012001 7,23441 08/302001 (6970) 000 35500 Regis Corp 7.393 16 11/0112001 733093 08/30.2001 6223 000 6500 RenaissanccreHoldings lidADR 6,43450 11/012001 659370 101262001 (15920) 000

23400 Shaw Group Inc 620383 11/01/2001 6.23844 09/202001 (3461 ) 000 2200 ImcIoneSyslcms 1,54000 11/022001 1,22776 09212001 31623 000 22800 AmSurg Corp - CI A 5.16-491 11/09f2001 6,03840 09/21/2001 (87349) 000 14200 AngiolechPhartnacewIt215 6,70702 11/09/2001 656750 10262001 (26048) 000 25100 AtnxLabs lnc 6,07312 11/09/2001 6,39962 10/192001 (35650) 000

43800 Digital River Inc 670629 11109/2001 253164 09212001 417465 000 31600 Doral Financial Corp 10,457 42 11109r2001 7,53660 012712001 292082 000 39600 Frontier Oil Corp 701347 1110912001 601920 09/212001 99427 000 16300 HacmoneticsCorp /Mass 632581 11/092001 6,44665 I I/012001 ( 12084) 000 253 00 HCC Insurance Holdings Inc 6,90666 11/092001 6,47680 IU101R001 42986 000

23900 fPCHoldings Lid ADR 647668 11/092001 6,53636 10(30/2001 (5968) 000 23000 King Pharmaceulicalslnc 8.31539 11/092001 7,71077 05/172001 60362 000 57900 LiberateTechnologics 4.09530 11/092001 657987 10/112001 (248457) 000 19100 McKesson HBOC Inc 657283 11/092001 7 567 89 081172001 (995 06) 000 23200 Mylanlabontones 7,83896 11/092001 765872 07272001 18064 000

22500 NDCHealih Corp 7,96660 11/09/2001 7.62075 07272001 34585 000 24700 New York community Bancorp 6,18220 11/09/2001 6,451 1O 10/1112001 (26890) 000 55900 Ohio Casualty Corp 7.84250 11/09/2001 7,71929 08/172001 123 21 000 12900 AnGaie PCS Inc 6,48878 1110912001 5,88885 09252001 59993 000

203600 PuadyneNetworks lnc 537036 11/092001 711099 10262001 (174063) 000

24200 Ross Stores Inc 685280 11109/2001 725826 08!30V2001 (40546) 000 47700 Sangsul Medical Corp 8,60956 11/092001 7,77809 08/302001 1,27147 000 36200 Select Medical Corp 5,21823 11109f2001 6,425 32 10/302001 (1,207 09) 000 16300 Taro Phamucemmal Indus ADR 652304 11/09R011 661685 10/192001 (9381) 0 00 50200 UICI 727373 11/092001 7.60530 0811712001 (331 57) 000

13900 AmeriSaurceBergen Corp 7 943 58 11/16/2001 7 15294 0.8/0072001 790 64 000 29000 Gallagher (Arthur 1 ) 8 Co 9,831 77 11/16/2001 746750 08/072001 2,36427 000 53700 Alloy Online Inc 7,181 Ill 11/162001 684401 07/0712001 34080 000 67 00 Alloy Online Inc 89643 11/1612001 901 21 07/032001 (178) 000 19700 Celgene Corp 7.229 65 11/16(2001 6,71033 10R6/2001 519 32 000

17200 Corinthian Colleges tnc 5,95919 11/162001 653600 10130R001 (57681) 000 47600 ConzaCorp 6,41978 11/162001 646713 10/192001 (4735) 000

Drie%aus Capital Management

Gains and Loss ReporT jron: 11/0l/2001 to 10/37/2002

Wednesday February 26, 2003 08 22 06 Page 2

Account: 06056519 -- RHD FOUNDATION- ALLCAP

Sale Purchase Realized Unamort¢cd Bond uanut Security Description Proceeds Date cost Date faun 1- 1 oqsl Premium DiscounO

12400 Quest Diagnostics lnc 7,85812 11/1612001 7,63530 01/702001 22282 000 191 00 D & K Healthcare Resources 928239 11/16/2001 7,70399 07/06/2001 1,57810 000 17200 Education MgmiCorp 5,45641 11/162001 660580 101262001 (1,14839) 000 10500 Enzonlnc 619059 11/162001 639946 10/192001 (20887) 000 19800 El Paso Energy Parmers Lp 7,16538 11/1612001 760320 08/172001 (43782) 000 26600 FlrtSystems lnc 9,48843 11/16J2001 7,82572 07272001 1,66271 000 22100 IntcgraLl(esciencuCp 5,83648 11/16!2001 630513 101192001 (46865) 000 16600 Impaihlnc 588224 11/1N2001 7,40028 08232001 (1 51804) 000 12500 Johnson BJohnson 742815 11/162001 6,88750 09/078001 54065 000 8500 Laboratory Corp ofAmer Hldgs 6,69912 11/1612001 7,59900 07/278001 (89988) 000

62609 MeniMedical Systems lnc 776332 11/162001 7631 49 08/172001 13183 000 18500 Northern Border Partners 7,05030 11/162001 730565 081302001 (25535) 000 28300 NcwmomMining Corp 547586 II/16r2001 6,59899 11/092001 0 123 13) 000

1,61200 Orchid Btouienceslnc 616157 11l161?001 673647 10R6f2001 (57490) 000 61100 OrasweTechnologies lnc 6,19612 11/168001 6,50990 10V112001 (31378) 000

21300 PhumacanicalProd Dev 5,77401 11/152001 6,47448 10/112001 (70048) 000 28200 QLT PhozoTTtrapewics Inc 5,68252 11/16(2001 657060 10260001 (88808) 000 57500 Sonic Automotive lnc 1063295 11/1612001 7,75273 061012001 2,89022 000 21000 Specialty labontoncs 467233 11i162001 6,34084 10/1912001 (166850) 000 10500 St Jude Medical lnc 779618 11/162001 722925 08/300001 16690 000

10800 Vanan Medical Systems Inc 758300 11/1612001 7,301 88 08/30/2001 281 12 000 26300 Applied Films Corp 7,07475 11/278001 6,65127 11/162001 42348 000 351 Of) Amenwn Medical Sys Hldgs 5,582 46 1 112W2001 5,97749 09/21/2001 (39503) 000 14701 Apollo Group Inc - CI A 6,04884 1 1878001 649740 1 N052001 (44856) 000 21400 Peabody Energy Corp 565369 1I 872001 6,49490 10/3012001 (841 21 ) 000

21300 Career Education Corp 640471 11278001 6,62886 10052001 (224 15) 000 34400 Covancelnc 7,01757 11878001 6,28092 1011912001 73665 000 37100 Corrections Corp of Amrnm 589926 1127!1001 6,59571 11/09/2001 (69645) 000 86300 Global Sports Inc 15 .631 16 11272001 7,93097 07/13/2001 7 700 19 000 26600 Intercept Inc 8,88213 11272001 7,57092 04/3012001 1,31121 000

28200 In Focus Systems lnc 5,97011 11878001 6,59454 11/ W200) (62143) 000 564 00 Ligand Pharmaceutical -CI B 906340 11 872001 6,50055 10/192001 2,56285 000 26000 Silicon Laboratoncslnc 6,95375 11272001 6,46100 I I/012001 49275 000 18900 TranskaryoucThenpics 7,17966 11872001 6,48168 11/092001 69796 000 22600 UGICorp 681532 1 11272IX71 6,52541 10130(2001 28991 000

84400 Acclaim Emcnainmemlnc 335096 11/302001 4,211 14 11/018001 (86018) 000 32401 Acclaim Entertainment Inc 1,28639 11!308001 162137 11/0712001 (33494) 000 27100 Acuvisionlnc 6,65282 11/3N2001 6,21829 10/192001 43453 000 19100 Avimn 7,02337 11!!02001 6,42126 11/012001 60211 000 28800 BrukcrDalromcslnt 5,38446 11/302001 6,64851 10/302001 (1 26405) 000

13800 BiovailCorporaiion 7,48262 11/30.2001 635490 10119/2001 1,12772 000 )49 00 Chiron Cory 644850 11/302001 7,031 55 09/0711001 (59305) 000

Driehaus Capital Management

Gains and Loss Report from 11/0l/1001 to 10/3l/2002

s



Sale Purchase Realized Unamorlized Bond uanlil Security Description proceeds Date Cast Date Gain I- Lms) Premium I. Discount)

106000 CKERestaurants lnc 885992 11/342001 6,76000 0920!1001 239992 000 25200 Dreyers Grand Ice Cream Inc 893292 1113012001 7 232 15 08/302001 1 70077 000 12000 Electronic Anslnc 7,13244 11/302001 626902 I N192001 86342 000 542 00 Independence Commnty Bank 12,920 84 11/102001 1286708 10/1 1/2001 5376 000 44700 Isis Pharmaceuticals Inc 9.99333 11/3012001 727269 08/70/2001 2,72064 000

30700 Ivon Inc 874331 11/30/2001 592301 09121/2001 282030 000 28700 Mentor Corp /Minn 818218 11/30/2001 778249 05/172001 39969 000 23600 Metro One Telecomm Inc 5,142 52 11/3012001 655308 10130/2001 1 58944 000 42800 Midway Games Inc 6,33602 1113012001 635871 10/192001 (2269) 000 22500 Protein Design Labs Inc 8,34272 11/302001 6,40366 101192001 1 93906 000

5900 Progressive Corp 8,64505 11/302001 7,59507 067012001 1 04998 000 21401 Public Storage Inc 724395 11/302001 7,43436 08/232001 (19041) 000 14700 Sepracor Inc 7,24228 I I/3Q2001 6,38499 10/192001 85729 000 25300 Sonic Cory 8,171 06 11102001 765059 071062001 52047 000 40300 Visionics Corporation 467468 11/30(2001 667630 10/30/2001 (2001 62) 000

71900 Wire OncTechnologies 4,67377 11/702001 672071 11/072001 (20.5694) 000 3800 Acclaim Entertainment lnc 19114 12/032001 18960 11/01/2001 154 000 5000 Acclaim Entertainment lnc 24633 17/04/2001 24948 11/01/2001 (315) 000 6000 Acclaim Entertainment lnc 31363 17105/2001 29937 11/012001 1426 000 21200 AC7 Teleconferencing Inc 1,87439 177062001 1,81896 1011912001 5543 000

38500 ACT Teleconferencing Inc 3,22465 171072001 330330 10/192001 (7865) 000 58200 American Home Mlg Holdings 8,07544 171072001 3,841 20 0.4/0671001 423424 000 39700 Caiellus Development Corp 6,96778 171072001 7,36288 08/302001 (395 10) 000 41000 Exult Inc 6,73676 17/072001 650801 11/09/2001 22835 000 22400 KenseyNashCorp 4,67053 121072001 468236 08/30/2001 (1183) 000

4000 Kensey Nash Corp 83402 171072001 891 40 08/31/2001 (57 38) 000 8500 Kensey Nash Corp 1 77230 12107/2001 2,02646 09/04/2001 (254 16) 000 17701 Medimmune Inc 7 651 63 117072001 6,39581 10/192001 1,255 82 000 23900 Amenpaih Inc 6,95227 171072001 7,730 12 07/132001 (77785) 000 131 00 PepsiCo Inc 6,16727 12/07R001 657845 11/162001 (41118) 000

13300 Synopsyslnc 7,72963 171072001 661811 11/092001 68152 000 29500 "ILermoElectron Corp 6,68161 121072001 658145 11/162001 10019 000

1,17000 Lendingveelnc 5,79189 12/072001 6,96150 11/30Y2001 (1,16961) 000 18800 ZoII Medical Corp 7.20677 17/07/2001 630364 10/19/2001 907 17 000 6100 4CTTeleconferencing lnc 48974 12110 :001 52338 10/17/1001 (3744) 000

3600 ACfTeleconferencing lnc 29100 12111 f2001 30888 IQVI912001 (1788) 000 41 00 ACfTclcconferencinglnc 31513 1711712001 35178 10(19/2001 (3665) 000 23000 Brown andBrown inc 5,68310 171172001 614000 10/162001 (75690) 000 26100 CMstophtt 8 Banks Corp 7.56845 12/17/2001 651976 11/16(2001 1 0.58 69 000 21000 ChicosFASlnc 7,47970 12/172001 6,62353 11/162001 85617 000

14500 Commonwealth Telephone Entrp 6,58365 171172001 6,825 15 11/30Y2001 (24150) 000 29600 CholestechCorp 5.27057 13/172001 6,55640 10r302001 (1,285 83) 000


Gains and Loss Report from II/OI/2001 to 10/3712002


Account: 06056519 -- RHDFOUNDATION-ALLCAP

Sale Purchase Realized Unamoruzed Bond uanlrt Security Dcscnolaon Pracards Date (_`t Date Gain (- Loss Premium Discount

12000 Gencntcch 654458 11/172001 6,68280 10t262001 (13822) 000 27900 EPIQSystems lnc 691375 171172001 6,45420 11/09/2001 (1,54045) 000 13600 Expediters lntl Wash Inc 7,63614 17117/2001 679577 11/27/2001 84037 000 7300 Rowers Foods Inc 2.89508 17/172001 300760 11/0112001 (11252) 000 8400 Flowers Foods Inc 3 331 33 12/17/2001 346080 11/0112001 (12947) 000

10200 GiIcadSciences lnc 690449 12/17R001 638010 101172001 52419 000 29700 GrnmcrCommunications Corp 454097 12J 1712001 6,23700 IQ'162001 (169603) 000 93100 Hollywood Entertainment Corp 12 093 28 1711712001 824568 07/012001 3,84760 000 34900 Interstate Bakeries 8 689 14 111172001 7.88740 07/20.2001 601 74 000 33400 Immunex Corp 9,39984 171172001 6,56273 10(052001 2,837 11 000

48300 Inlervoicelnc 559754 17/172001 683851 11272001 (1,25097) 000 10000 KohISCorp 695276 12/172001 656100 11/162001 18976 000 14700 Lands End Inc 663093 12/172001 661741 11/092001 1353 000 30000 Macromedia Inc 5,12832 12/17/2001 663723 11/0912001 (I 50891) 000 181 00 Ninety-nine CLS Only Sir 701351 17117!2001 660974 1012612001 40377 000

27100 Sprint Corporation PCS Group 635473 171172001 678042 11/702001 (42569) 000 19300 ChiIdrensPlace Retail 4,91270 171172001 686660 11272001 (1,93390) 000 14400 Resmcd Inc 7,970 17 17/172001 7,46640 05/072001 50373 000 12400 THQInc 6,65981 12/172001 6,26521 10(19R001 39460 000 47000 Tier Technologies CIB 9,30596 12/172001 6,21406 10/192001 3,09190 000

77400 Tuesday Morning Corp 664354 12/17/2001 6,53842 11/1612001 10512 000 400 Immunex Corp 113 11 1211812001 7860 10052001 3451 000 100 Cash mLuu-ShonTerm 685 I?J19l1W1 OUU ILI92001 0$5 000

33500 Cisco Systems Inc 6,151 13 17202001 6,76365 11/302001 (61252) 000 30100 Daviia Inc 7 16657 1712d1001 6 831 23 11/302001 33534 000

21600 Itronlnc 611507 171102001 714878 12107R001 (1,01371) 000 11500 AuGa1ePCSlnc 500207 111202001 6,56214 11/1612001 (1,56007) 000 27100 Power Inlcgrauans Inc 5,71408 17120/1001 6.57533 1162001 (861 25) 000 23800 RFMicro Dcviceslnc 4,36765 1711012001 648888 11/162001 (212123) 000 28800 Smithfield Foods lnc 6,54890 17!202001 653787 11/162001 1101 000

47200 TcrayonCommunication Sy 3,97339 111202001 4,27387 1 a192001 (30048) 000 73000 TcAelec 5,74021 17/2012001 6,56700 11/012001 (122679) 000 59200 Tyson Foods lnc-CIA 610923 17J10(2001 665787 11/16(1001 (54864) 000 294 00 UTSLVrnm Inc 771892 1712011001 658654 16262001 1 13238 000 19800 Valspar Corp 7.58548 17f_102001 7.39728 08123120011 18820 000

25200 TerayonCommunication Sy 2,01039 177312001 2,28181 10119R001 (27142) 000 43200 Archer-Darnels-MidIandCo 6,24651 111272001 656852 11/162001 (32201) 000 23900 American Healthwayslnc 7,82997 17/172001 6,76941 11/272001 1,06056 000 74600 DoubIcClicklnc 850411 17/272001 6,80352 11/30/1001 1,70059 000 10900 HiIb Rop,,l & Hamilton Co 6 13867 171172001 659995 1 U26(2001 (461 28) 000

11600 IntersiIHoldings Co 3,94393 11/27!2001 4,0.1705 11/012001 (10312) 000 6800 IntersiIHoldings Co 2,31196 11/272001 238097 11/0211001 (6901) 000

Dneliaus Capital Management

Gains and Loss Report from 11/0l/2001 to l0/3ll2002

s 0 0 0 0 0 r

Salt Purchase Realized uanut Security Description proceeds Date Cost Date Dte Cam b Locs)

215 00 Marvell Technologies 779582 13R7R001 6,77250 11127r)001 1,02332 55900 NovosieCorp 4,541 16 11872001 6,58949 10119R001 (209833)

1,97200 Paradyne Networks inc 7.18971 171178001 7,48876 11/302001 (29905) 37100 PossisMedical lnt 6,88121 17/278001 6,7918d 11/302001 8937 68800 Quaidzlnc 654774 I2r272001 6,94089 11/302001 (39315)

10000 Rightchoite Managed Care - A 6,93277 I 1878001 4,89265 10101/2001 2040 12 3200 Rightchoice Managed Care - A 221848 12878001 1,59872 1 (Y0711001 61976

311 00 SanminaCorp 6,20735 12/27R001 7,01927 12/172001 (81192) 1 00 Tcrayon Communication Sy 845 121272001 905 10/192001 (060)

81300 Terra Networks SA-Spon Adr 6,601 33 171272001 685229 11/3012001 (25096)

10500 Uniicdhcalth Group Inc 7.38335 171272001 721770 08/30(2001 16565 24300 Webex Communications Inc 6,02862 171172001 658226 10(05R001 (55364) 60700 Watchguud Technologies 366202 171172001 700709 1 1!178001 (3,335 07) 27900 Willis Group Holdings Lid ADR 638888 12272001 6511 86 11/0912001 ( 12298) 9300 Andrx Corp 6,49534 01/072002 6,291 45 10/192001 20389

32000 ANSYSInc 789399 01/032002 657370 1026/2001 1,32029 141 00 Apollo Group Inc - CI A 6,197 84 01/032002 692447 17/172001 (72663) 932 00 Ams Group, Inc 9.41305 01/078002 6,71972 11/16(2001 269333 26100 AutoZonelnc 17 .031 32 01/038002 6,94260 03838001 1008872 52500 Blockbuster Inc -class A 12,750 79 01/032002 7,27466 07/152001 5,476 13

23700 BnnAer International Inc 7,071 97 01/038002 6,54765 11109/2001 52432 17900 Education Mgmt Corp 6.23626 01/032002 6.98590 12/1712001 (74964) 24900 Electronics Boutique Hldgs 9,741 70 01/032002 7,71900 05/178001 2.02270 21700 FfIConsulting lnc 6,98232 01/032002 6,21922 11101R001 76310 19500 Fred s Inc 7.87788 01/012002 646380 10/ 198001 1,41408

12700 GenzymeCory -Gent Division 6,84646 01/072002 7,24385 08/30.2001 (39739) 53700 Harmonic lightwaves Inc 6.68801 01/032002 664269 11/3012001 45 32 11900 IDECPhamuccuuralsCorp 7,61210 01/032002 7,27227 08/30.2001 36987 29600 In Focus System Inc 6,801 35 01/038002 7,33941 171072001 (53806) 21800 Internet Security Systems 7,43337 01/032002 6 744 31 11/1612001 68906

58900 J D Edwuds & Co 9,43457 01/032002 6,685 15 11/16(2001 2,74942 16800 LewesCompanics 7,47662 01/032002 6,52008 11/09/2001 91654 647 00 Movie Gallery Inc 1428968 01/032002 769750 07/06/2001 6 592 1S 13900 NVIDIA 9,89280 01/038002 6,49359 11/012001 3,39921 21700 Performance Food Group 7,52646 01/038002 6,47962 11/01/2001 104684

19600 Pizar 6,89002 01/072002 7,08111 17120/2001 (19109) 72800 Register corn 7,27260 01/072002 6.78256 11/1612001 49004

1,35200 RaindanceCommunic211011s 7,82837 01/03/2002 6,65049 IQ2N1001 1,17788 42500 Roxio Inc 7,1104.4 01/032002 723503 17120.2001 (12459) 25000 Scachange Ink Inc 8,11987 01/032002 6,47398 11/09/2001 164589

18800 University ofPhoenix Online 6,19450 01N32002 7,08760 177202001 (89310) 55100 Circuit City Camux 1100462 01/102002 7,63135 05/172001 337327

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000

0 00 000

Driekaus Capital Management

Gains and Loss Report from 1110112001 to 1013112002

Account: 06056519 -- RHDFOUNDATION -ALLCAP


Unamortacd Bond Premium h Discount)

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000



Sale Purchase Realized Unamortized Bond uanut Secuntv Descnolion Proceeds Date Cost Date Cam 6 Loca) Premium Disorniml

25300 Acvadefinancial Tech 777915 01/102002 6,51431 10/30/2001 1,20184 000 37500 Digital Insight 694407 011102002 6,55928 1111012001 38479 000 1510(1 Express Scripts lnc CI A 6,67501 01/10/2002 7,11135 12/2011_001 (43634) 000 42300 MapinfoCorp 549574 01/1012002 686301 01/03/2002 (1,36727) 000 13100 MynadGenetics 573757 01/162002 6,55000 11/092001 (81243) 000

49000 '[he Pep Boys-Manny Mce & Jack 7,351 25 011102002 6,43860 10111/2001 991265 000 16000 PuheCorp 6,94549 01/10/2002 698100 17117/2001 (3851) 000 40900 SpecvaLnV.Corporatinn 5,49179 01/102002 688141 11/30/2001 (38962) 000

122700 Viulwor4sinc 586873 01/102002 4,01862 10262001 183011 000 541 00 VilaIwarASlnc 2,58760 01/10V2002 1,91002 10129R001 65758 000

29800 VitaIworAslnc 1,42537 01/162002 1,091 66 101302001 33367 000 32800 Bradley Pharmaceuticals -CI A 5,85615 01/11/2002 68:210 01/03/2002 (96595) 000 24900 BioreLan¢Corp 6,14410 01/11/2002 681986 10/19/2001 (67576) 000 19800 Career Education Corp 6,68976 01/112002 7,18384 171172001 (49342) 000 10000 Ccphalonlnc 9,61093 01/112002 6,69230 101202001 91863 000

32100 Covancelnc 685146 01/112002 7,12393 111202001 (27247) 000 31900 Cy1yc Corporation 7.82651 01/112002 759858 04/7012001 22793 000 43700 Exult Inc 655490 01/112002 686090 01/032002 (30600) 000 248 00 First Horizon Pharmaceutical 735727 01/112002 7 101 92 12127,F2001 19535 000 24000 Ilex Oncology Inc 661802 01/112002 6,91553 12272001 (29751) 000

8200 Imclone5yslems 2,76095 01/11/2002 4,56130 09212001 (1,80035) 000 15300 Investment Technology Group 5,87300 01/11/2002 651270 102612001 (63970) 000 507 00 Annaly Mortgage Management Inc 7 883 13 01 .11 12002 7,,621 37 081172001 26240 000 27300 7herascnselnc 567992 01/11/2002 7,23450 121202001 (1,55458) 000 371 00 United Surgical Partners 6,52516 01/112002 7,01576 177172001 (49060) 000

45700 VisionicsCorporauon 693193 01/112002 7,04494 17117/2001 ( 10701 ) 000 15900 Whole Foods Market lnc 6,69878 01/112002 681792 11/30/2001 (11914) 000 68600 AETNERSYSTEMS -093912 01/21/2002 7,35461 01/032002 (241549) 000

1,05700 AmentradeHolding Corp 6,11997 0122/2002 6,94449 01/032002 (82450) 000 8400 AlliantTcchsyslemslnc 6,0.1034 012772002 67A720 11127/2001 (74686) 000

85900 DigiulRover lnc 15,20802 01/2712002 4,96502 09212001 1024300 000 45400 DendnteInternational lnc 5,59078 012712002 6,62840 01/032002 (1,03762) 000 11000 Ebaylnc 6,56030 012172002 652190 10/112001 3840 000 64300 Endo Phartnacew Hldgs Inc 6,65623 0121/2002 7,16604 17J2012001 (50981) 000 15200 RirSystems lnc 5,77287 01222002 6,85900 171712001 (108613) 000

46200 Free Markets 8,36683 0127/2002 6,83589 11272001 1,53093 000 53400 GIobeSpan V,rata Inc 8,22347 012712002 6,58825 11/1612001 1 .63522 000 54000 HPLTechnologieslnc 664967 01222002 643680 11/012001 21287 000 31900 HutchinsonTech 7,08316 01222002 650760 111092001 57556 000 96700 InktortuCorporavon 5,15407 01/22/2002 7,07843 011032002 (192441) 000

12Q100 Inudcloudlnc 3.59373 012712002 5.28987 01/032002 (1,69614) 000 20400 Mobile Mint lnc 7,13208 0127/2002 7,12815 11/2012001 393 000


Gains and Loss Report from 17/OI/2007 to IO/3l/2002

s


Account: 06056519 -- RHDFOUNDATION -AGLCAP

Sale Purchase Realized Unamoruzed Bond uanlit Security Description Proceeds Date cost Date Gain I- Lo,% Premium Discount

334 00 Network Associates Inc 9 159 17 012712002 6,417 84 Ia1912001 2 731 33 000 26600 Numerical Technologies lnc 4,62620 01R1/2002 6,52104 11/012001 (189384) 000

1,30700 Orchid Biosciences Inc 4,72829 0112212002 6,99245 01/038002 (2 263 16) 000 1,27500 Pncelinecomlnc 717878 01818002 7,22925 12/1712001 (5047) 000 41000 PDFSolutions 5,36853 OIR212002 678484 11/1612001 (I 41G31) 000

4800 SPX Corp 638822 012212002 6,77376 01/072002 (38554) 000 67600 Scquenomlnc 5,00232 01818002 6,96280 01/07/2002 (196048) 000 53200 Te1iAlnc 5,71870 018111002 6,79853 01/07/2002 (107983) 000 461 00 Tibco Software Inc 5,88255 01122/2002 6,99678 171272001 (I 11423) 000 21500 Inuadolnc 4,38123 012212002 647793 10(11/2001 (209669) 000

37800 Taiwan Semiconductor ADR 6,62876 01278002 697241 11/17/2001 (30365) 000 26200 Travelocitycomlnc 5,97672 012712002 6,97045 171178001 (95373) 000 30000 United Natural Foods lnc 6,58490 0122(2002 7,191 48 171202001 (60658) 000 261 00 Vimpel Commun SP ADR 7,51407 012712002 679769 11/30/2001 71638 000 14600 Vrnsignlnc 4,99321 0112212002 6,58898 11/162001 (1,59577) 000

45900 Ventity lid 8,05532 012712002 7,65897 171072001 796 35 000 37600 Luudcloudlnc 1,09158 011132002 1,65199 01/032002 (56011) 000

1 00 Cash m Lieu - Short Term 1350 01252002 000 0125/2002 1350 000 129000 Anba,inc 6,67770 01898002 6,78540 11/16/2001 (10770) 000 841 00 Chordiant Software Inc 6,33263 01292002 5,33505 121172001 99758 000

19000 ChordiantSoftware lnt 143068 01898002 1,33937 17/18/2001 9171 000 111 00 Chordiant Software Inc 83582 01898002 78658 12/19/2001 4924 000 14200 Dianon Systems Inc 7 681 47 01892002 7,54508 08/232001 13639 000 16600 Eclcllid 566156 01292002 7,32000 01/112002 (165811) 000 89900 E trade Group Inc 853704 01292002 6,391 89 10/19/2001 2 145 1S 000

37300 Great Atlantic 8 Pac Tea Co 9 13836 01292002 6,48371 INI N2001 2,65465 000 1,08000 Handspring Inc 600340 01292002 6,90120 01/01/2002 (89780) 000 41500 HJFN Inc 601740 01/29/2002 6,48462 012712002 (467 22) 000 45200 KopinCorp 4,82214 01292002 670015 11/1612001 (1,87801) 000 62800 Liberate Technologies 4,99823 01292002 7,44036 12/072001 (2,442 13) 000

1,42200 NaluralMicrosystems Cp 849572 01292002 7,42426 01/2712002 1071 06 000 26200 Pee Solutions Inc 664277 01/29/2002 654709 102612001 9568 000 22900 ReieAinc 5,93818 01292002 6,61810 11/1612001 (67992) 000 40600 Roxiolnc 617715 01292002 7,33837 01/112002 (1,161 22) 000 205 00 Silicon Laboratories Ins 626324 01898002 7 15846 0111112002 (89522) 000

41000 Viasatlnc 5,21680 01292002 6,78837 01/032002 (1,571 57) 000 271 00 Wcbsensc, Inc 7,68484 01292002 666251 10/26/2001 1,02233 000 37900 Acxiom Corp 5,13340 07/012002 685960 01/07/2002 (1 726 20) 000 23900 Continental Airlines - Class B 6,85831 02101R002 694773 012712002 (8942) 000 291 00 Copan Inc 675249 071012002 697465 12/17/2001 (222 16) 000

87500 ITXCCorp 5,381 16 071012002 6,85125 11/342001 (1,47009) 000 31300 WmcnisLTD 547231 071012002 7,17196 01/112002 (1,69965) 000

Drieharis Capital Management

Gains and Loss Report from II/OI/2007 to IO/3l/2002


Account: 06056519 -- RHD FOUNDATION -AGLCAP

Sale Purchase Realized Unamorlaed Bond uanut Security Description Proceeds Date Cost Dale Gain (- Loss) Premium I- Discount

73700 ManugisucsGroup inc 5,83055 02/012002 715198 17/272001 (135133) 000 17000 MoodysCorporation 6,37490 07/01R002 682210 01/038002 (41720) 000 34400 MetroGoldwyn-Mayerinc 659847 0210112002 7,13980 171208001 (55133) 000

1,56600 Palm Inc 539606 021012002 7,03861 01/032002 (1,64255) 000 11500 Polycom Inc 396983 07101/2002 7 26850 09252001 701 33 000

6200 Polycam Inc 2,14025 071012002 2,295 75 11116/2001 (15550) 000 19600 Camlma Marketing Corp 7,389 08 01/018002 6,90900 01/032002 48008 000 17200 Renters Choice inc 6,531 18 011012002 677680 01/21/2002 (24262) 000 9200 Righlchorce Managed Care A 6,07200 02/012002 6,74360 01/21/2002 (671 60) 000 28100 Cablension Sys Corp 746439 071012002 7,02500 01/072002 43939 000

1 21500 Raindancc Communicauons 5 541 23 071012002 7,472 25 01/112002 (I 92902) 000 451 00 Secbeyond Technology Corp 482445 011012002 4,52520 171272001 29925 000 24300 Seebeyond Technology Cory 2,59943 02/018002 248344 12282001 11599 000 41000 Secure Computing Carp Internet Sec Corn 7,46528 01101/2002 659678 1012612001 96950 0 00 27700 Safenellnc 3,60876 071012002 4,76410 01/112002 (1,15574) 000

27700 SAiIIsoftPlc ADR 6,73930 071012002 726122 01/032002 (52192) 000 26300 Titan Corp 577802 02/01 f2002 6,88058 11/3012001 (1,102 56) 000 52400 Vasteralnc 7,81314 0210112002 660209 11/IN200I 121105 000

1,10000 Vilna Technology Inc 6,77589 0210112002 691900 111272001 (14311) 000 28500 WebMethods Inc 650884 07101/2002 6,91846 0189/2002 (40962) 000

13200 Sa(enetlnc 1,62489 0710412002 2,27025 01/11/2002 (63536) 000 I S9300 AnTechnology Group lnc 4,58061 02/07/2002 6,68139 01292002 (2,10078) 000 14100 Brooks Automaton Inc 6,39580 0210712002 6,7,03 13 021012002 (30734) 000 36500 Computer Network Tech Corp 632794 02/072002 683287 1113(Y2001 (50493) 000

257000 CovadCommunicauons 5,86401 011072002 756202 01/112002 (169801) 000

55300 DoubleClicklnc 5,32530 07/072002 724413 01/11/2002 (191883) 000 30300 Dacumentum Inc 5,71764 07107/2002 692355 01/032002 ( 1,205 91) 000 14100 DuPont Pholomasks inc 6 591 79 021078002 7,205 10 01/112002 (61331) 000 41200 EMCCorp /Mass 575147 021072002 6,71560 0189/2002 (96417) 000 361 00 EPIQ Systems Inc 7,18984 01/072002 7,10758 171278001 81 26 000 351 00 FSS Technology 7,24056 01/07/2002 670396 11/3012001 53660 000 12200 Internet Security Systems 4,27509 01/072002 484884 01292002 (57375) 000 5100 Internet Security Systems 1,78713 01/072002 195710 01/342002 (16617) 000 30500 Mrafec com Corporation 5 17437 02107R002 6 335 80 10'192001 (1 161 43) 000 22500 Micros Systems Inc 5 371 72 07107/2002 661892 02101R002 (1,247 20) 000 40000 MROSoftware lnc 1012888 07/07/2002 6,73200 11/70/2001 3,39688 000 16400 NCR Corporation 669322 02/072002 7,197 66 01 11112002 (50444) 000

1,47300 Novel[ Inc 6,11786 01/07/2002 7,05363 121172001 (93577) 000 10900 Oak Technology Inc 1,61355 02/07R002 1 69732 0129/2002 (8377) 000 258 00 Overture Services Inc 5,24666 02/072002 644662 11/16/2001 (1, 199 96) 000

1,03400 Pncclinccomlnc 4,16308 071078002 658906 07101/2002 (2,42598) 000 61300 RiverstoneNetworks lnc 6,29100 071078002 6,84978 1011912001 (55878) 000


Gains and Loss Report from 11/0I/2001 to l0/3l/2002

t 0 t t t " 0

Sale Purchase Realized uanlit Security Descnouon Proceeds Date Cost Date Gain 1- boss)

25300 Sage Inc 6,73981 07/072002 6.50167 10262001 238 14 1,75500 Sonicblueinc 689749 02/072002 7,11957 13/172001 (22208) 31800 Storage Technology Corp 760402 07/072002 6,58565 11/162001 1,01837 27800 TaIxCorp 5,35614 071072002 7,08607 01/032002 (1,72989)

1 21300 Lendingvce Inc 8 18762 071072002 7 290 13 01/032002 89749

75700 Microiunelnc 5,02291 011072002 644728 11/092001 (1424 37) 80900 Viulworkslnc 3,64202 02/0712002 453849 01232002 (89647)

1 88700 Wesiem Digital Corp 11,151 97 02/07R002 6,856 14 10262001 429585 50900 Witness Systems,lnc 5,46967 02f0712002 6,91242 01/012002 (1,14275) 35500 Yahoo- Inc 547476 02107R002 660946 012711002 (1,13470)

19800 Znran Corp 563242 07J07/2O12 7,05870 1 1272001 (142628) 33700 Oak Technology Inc 4 401 15 071082072 5,24766 01R912012 (84651) 40400 Vjuluorfslnt 1,71483 02/082012 2,2260.4 012711002 (51121) 31 00 Vjulworks Inc 13158 01/082002 17391 01232002 (4233) 2800 ViuIworAslnc 12784 07/112002 15428 012711002 (2644)

42800 Alloy Online Inc 7.39234 021142002 6,89885 11/27/2001 49349 28600 Borders Group lnt 6,50663 02114R002 677142 01R2t2002 (26479) 20300 Bunts 8 Noble Inc 6,07935 OLIG2002 6,65940 OIRZI2002 (57865) 61 00 CDWComputer Centers lnc 3,46037 07114/2002 3,3410.1 11/302001 11937 6200 CD W Computer Censers Inc 3,51709 071142002 3,36487 17/032001 15222

27900 Coinsurlnc 7,94044 0711411002 677390 11/302001 116654 91700 DELIA"slnc 7,03300 02/1411002 6,90584 01292002 12716 19800 Global Payments lnc 6,52618 02t14/1002 6,85419 0112212002 (32801) 25300 Med Design Corp 4 b49 55 02/14R002 6,75452 012712002 (2,10497) 23000 Multimedia Gamcs,luc 622770 01/14/1002 2,96983 1 NI92001 3,25387

21700 Amenpath Inc 561572 011142002 6,82888 01/072002 (1 213 16) 36300 PanficareHealth System 4,94287 01/142002 6,37947 071072002 (1,43660) 34800 Precise Software Solutions ADR 762620 01/142002 6,56561 10116/2001 1.06059 17800 Scholastic Corp 685511 07/142002 7,14825 01/112002 (29291) 43400 Siccicasc Inc -CI A 6.32328 01142002 6,87864 011012002 (55536)

40900 Spccuian Corp 563270 0114/1002 6,76895 0129/2002 (1,136 25) 220200 Sump Com Inc 856040 011142002 6,70.1 13 11/0912001 1,85627

9800 Tenet Hcalthcare Corporauon 6,07296 01/142002 641569 071072002 (34273) 53400 Apogee Enterprises Inc 5,87108 011152002 6.45691 09252001 (59573) 45700 Artisan Components Inc 6,52828 02/152002 6,871 27 02/012002 (34299)

51300 First Consulting Group lnc 4,10393 01152002 644210 11/072001 (2338 17) 16500 Genesis Microchip lnc ADR 7,19392 01112002 639775 10/192001 80017 15800 Henry Schein Inc 669593 021152002 684930 01212002 (15337) 7700 Intercept inc 2,793 11 01/152002 3.04499 171172001 (251 88) 44500 Medical Action ind Inc 6.19973 07/152002 6,86960 01272002 (66987)

26400 Nautilus Group lnc 7,42092 01152002 6,61550 10r162001 80542 27600 Regis Corp 7,12185 07/152002 7,18875 01/112002 (6690)

000 000

Driekaus Capita! Management

Gains and Loss Report from 11/07/2007 to 10/31/1002

Account: 06056519 -- RHDFOUNDAT/ON-ALGCAP


Unamoruzed Bond Premium (- Discount

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000 000 000 000 000 000

000 000 000 000 000

000 000 000 000 000


Account: 06056519 -- RHD FOUNDATION -ALLCAP

Sale Purchase Realized Unamortrzed Bond annul Stivniv Description Proceeds Date Cost Dale Gam 6 fuscl Premium h Discount)

10200 Intercept Inc 3,58524 02/1912002 4,03762 12/172001 (44878) 000 64300 Ants Group,lnc 5,56417 071112002 660914 02/142002 (1,04497) 000 45700 Bell Microproductslnc 5,22069 02f21R002 699196 011112002 (177127) 000 396 00 Borland Softwarc Corporation 5 14440 071112002 672673 01/012002 (1 58233) 000 36800 CaminusCorp 7.201 72 011112002 734160 12107R001 (13988) 000

59600 Concurrent Computer Corp 628770 01/21/2002 6 731 34 101702001 (44364) 000 31900 EumncIServices lnc 558231 0221/2002 674526 01292002 (1,16285) 000 65700 EspccdlncClA 5,87599 02212002 6,47000 021152002 (59401) 000 301 00 Rlenet Corp 525568 0212112002 683872 02J012002 (1 58304) 000 841 00 Fusion Medical Tech Inc 6,59476 071212002 6 566 11 02/07/2002 2865 000

51200 Harmonic lighlwaveslnc 5,71898 07212002 634880 02/15/2002 (102982) 000 38801 IngramMicro CIA 6,07260 07/212002 7,17800 01/112002 (1 10540) 000 16901 Ljfcpoint Hospitals Inc 619716 02(21R002 6,38747 071072002 (19031) 000 30000 Rational Software Corp 593091 021212002 672297 0112712002 (79206) 000 34400 RadisysCorp 5,79755 02121R002 7,10298 07/012002 (1,30543) 000

27500 Tweeter Home Entermment 6.49865 02/21R002 6 861 25 11/27/2001 (36260) 000 44600 Adapteclnc 5,05139 0228!1002 688918 12/17R001 (183479) 000 10900 Best Buy Company Inc 740643 01282002 657379 11109/2001 83264 000 19200 Browdc Communicatons Systems 4,30620 02(282002 670938 121172001 (2,403 18) 000 131 00 Brooks Automation Inc 5,65172 071182002 645961 01/142002 (80789) 000

26100 Circuit City Stores -Circuit 463268 02R82002 698697 01/032002 (2,35429) 000 4600 Concord Communications Inc 84692 071282002 732 1 I 11/27/2001 11481 000

221 W l.oncOrdlOmmunicillOn5lnc 406888 U212S12002 392370 11/23/2001 14514 000 3300 Concord Communicattooslnt 60757 02282002 60918 11292001 (161) 000 5000 Concord Communications Inc 92056 07/282002 906 1S 17104/2001 1441 000

7700 Concord Communications lnc. 141766 07/282002 1 529 10 121052001 (11144) 000 52000 Creative Technology lld ADR 5.95390 02f2812002 6,91834 01292002 (964 41) 000 28200 Digital Insight 6,54952 07128R002 7,05169 01/012002 (50217) 000 13600 EmuIcxCorp 434258 071182002 597229 01/032002 (1,62971) 000 1500 Emulrx Corp 47896 01/282002 66470 01/042002 (18574) 000

31300 F5 Networks, Inc 695475 02/282002 636955 01/072002 585 20 000 64900 Keynote Systems Inc 546092 07J28R002 662837 02115t2002 (1 16745) 000 27400 MichadsStores lnc 815177 011282002 646092 101162001 1,69045 000 36200 Annaly Mortgage Management Inc 5,875 17 02f28R002 6,37482 02/072002 (49965) 000 69200 Net Bank Inc 9,444 89 071182002 7,03508 17/172001 240981 000

45600 Overland Storage lnc 5,62234 071182002 692368 01292002 (130134) 000 21200 Pnonty Hcallhcarc Corp - B 5 401 39 0]1182002 646407 021"n002 (106268) coo 96000 Pacteteer Inc 5 337 51 011182002 7,24262 07/012002 (1,905 11) 000 23100 Phobomcslnc 6,80746 07/282002 703351 11!172001 (22605) 000 17600 ProvmceHcalthcareCo 4,99876 021'2812002 6,38352 02/072002 (1,38476) 000

71400 Quadramed Corp 6,59903 071282002 7,49086 01/1112002 (891 83) 000 78200 Strategic Diagnostic Inc 4.22406 071182002 6,64700 10(2612001 (2,422 94) 000

Drielaaus Capital Management


w

Wednesday Febniary 26, 2003 OS 22 06 Page I/


Sale Purchase Realized Unamoruzed Bond Quantit y SecunnDacnouon Proceeds Date cost Date Gain (- Lass Premium I- Discount)

19300 Tcradync Inc 6,49628 021282002 629373 011152002 20255 000 79000 lendingvttlnc 5,79972 02f2812012 6,45422 02/1512002 (1,05450) 000 70200 Triad Hospitals lnc 6,14070 021288002 6,38320 021072002 (24250) 000 26500 TTI Team Telecom Ink Lid ADR 7,501 29 0212812002 6,84614 11272001 655 15 000 10100 AmenSourccBcrgcnCorp 6,76790 01/07R002 6,51097 07/148002 25673 000

18900 Advisory Board Cdlhe 4,93282 01/0712002 6.40332 02/072002 ( 1 47050) 000 18300 Gallagher (Arthur J ) & Co 6,15785 03/07/2002 6,423 30 07072002 (26545) 000 35700 American Medical Sys Hldgs 728269 01/07/2002 6,54067 12/178001 74202 000 19500 Biomet Inc 5.75255 03/07/2002 6,23004 02/088002 (47749) 000 10600 D & K Healthcare Resources 5.951 96 03/072002 646555 02107R002 (51359) 000

16800 Elaniec Semiconductor 665548 07/072002 6,65952 02/01R002 (404) 000 42200 Fsdocuelnc 6,41658 03/072002 7,72091 07/118001 (1,70717) 000 27400 1 G E N Inc 11,016 55 07/072002 759802 0787/2001 3 41853 000 13900 Lowe s Companies 593739 03107R002 652466 07114/2002 (58727) 000 33100 New Plan Excel Realty Trust Inc 663392 03/078002 640485 07072002 22907 000

5000 WeIIpomtHealth Netuorkt 586751 03/072002 638000 07072002 (51249) 000 19200 Willis Group Holdings Itd ADR 4,89277 07072002 526848 071072002 (37571) 000 24100 DentsplyInternational lnc 8,12800 07/072002 7,27881 08/30/2001 84919 000 3200 Willis Group Holdings Lid ADR 81674 03/088002 87808 01/072002 (61 34) 000 900 Willis Group Holdings UdADR 22651 01/112002 24696 071072002 (2045) 000

23600 Amaencan Financial Group Inc 638856 03/148002 6,24692 0212 1/2002 141 64 000 22300 Benchmark Electronics 671219 07/14!2002 6,38773 01/072002 32846 000 20000 Brown and Brown Inc 5.92191 03/14R002 6,85600 01/012002 (93409) 000 21900 ChccscwkeFactory (7Lc) 7,45057 03/142002 6,55248 11/092001 89809 000 30700 OChslcyslnc 6,08971 03/14!1002 6,74872 018711002 (65901) 000

245000 Drugstore mmlnc 5.97693 03/142002 6,63932 02/15R002 (66239) 000 23000 BnnkcrInternational lnc 7,29848 03/142002 7,22660 01/118002 7188 000 13400 Rir Systems Inc 7,01462 0311412002 6,43984 021I SR002 57478 000 58000 1-800.Rowersmm 7,59817 03/14/1002 6,42640 101198001 117177 000 45800 R.1C Global Inc 6,711 47 03/142002 643009 02/08R002 281 78 000

23800 Knspy Krcme Doughnuts Inc 9,76904 03/142002 723660 08/1012001 253244 000 27200 L,ndrys Restaurants Inc 5,95859 031142002 6,41648 02/07R002 (45789) 000 72700 Pinnacle Systems lnc 5,66230 03/1412002 6,84005 02/01R002 (1,19775) 000 15700 P F Changs China Bistro Inc 9,39947 03/1111002 6.506 91 1110912001 289256 000 53700 Per-Se Technologies Inc 6,471 72 03114l1002 6,57750 07138002 (10578) 000 31000 SurbucksCorp 7,20764 07/142002 6,72700 01272002 48061 000 751 00 Uric Star Steakhouse 8 Saloon 644700 03/14/2002 7,01140 02/0112002 (56440) 000 15800 Taurln1cmaoonallnc 2,54218 031141`2002 2,73686 0187!2002 (19366) 000 22700 TuerInternational lnc 4,15403 07/182002 3,93205 OIR212002 22198 000 27300 Atlantic Coast Airlines Hldg 6,62233 0312112002 7,07272 018772002 (45039) 000

21600 AdvancePCS 640862 03212002 6,88926 01/03R002 (18064) 000 26500 Alliance Gaining Corp 7,87663 038112002 648529 11/1 6f1001 1,39134 000




Account: 06056519 -- RHDFOUNDAT/ON-ALLCAP

Sale Purchase Realized Unantortized Bond uanbl Seavnli Descrmdon Proceeds Date Cost Date Gym h Lots) Premium I- Discount

14200 Ball Corp 632742 03/218002 6,22031 071218002 107 1I 000 9800 Bwzer Homes U S A Inc 7 477 28 03/2 U2002 724220 17107/2001 23508 000 17800 Delis Au Does Inc 565903 03812002 6 671 41 03/072002 (1 01241) 000 19400 DeVry Inc 5,862 59 03212002 6,301 12 OL282002 (438 53) 000 121 00 Express Scnpcs Inc - CI A 6,26649 07212002 628951 02/2812002 (2302) 000

264 00 FTI Consulting Inc 7 36020 07218002 649440 012212002 86580 000 39700 Fresh Del Monte Produce 693993 03818002 642743 02AY7/2002 51250 000 71300 Frontier Airlines lnc 518808 03818002 681163 01292002 (162355) 000 23001 Gtadycar Tire & Rubber Co 567631 03/2112002 633880 07882002 (66249) 000 54400 Ikon Office Solutions 577730 07212002 667782 0121/2002 (90052) 000

62900 Mom Cotp 9 469 51 0321/2002 6,89044 11272001 257907 000 24300 Monaco Coach Corp 561933 03812002 6,75120 01101R002 (1,131 87) 000 58 03 Northrop Grumman Corp 6 287 10 038 IR002 6 747 52 011072002 (6042) 000 31200 Omniarelnt 7,80924 03212002 7,11001 171172001 69923 000 18200 PediatnaMedicai 6,98352 03212002 6,49776 11/092001 48976 000

19700 RyanairHIdgPLC-SponsADR 6,03795 07/212002 6,46853 01/1512002 (47058) 000 26000 Smithfield Foods lnc 654236 03818002 640762 02J072002 13474 000 28900 Skywcsi Inc 700525 03!11!2002 703984 17l20f2001 (3159) 000 20800 Standard Pacific Corp 5,661 67 03212002 648394 03/072002 (82227) 000 12800 Toll Brothers lnc 6,10734 03818002 6,36631 01/282002 (25697) 000

40700 Airborne Inc 6,67459 06/04/2002 6,38990 017072002 28469 000 40300 Ansu Corp 6 11203 0410112002 6,63564 03/072002 (52361 ) 000 551 W l;-CUR net Corpoation 696993 UvUal10U2 735034 12071,20u1 (38041 ) 000 20100 Concord EFS Inc 670523 04/048002 6,45934 03/1411002 24589 000 23500 D R Honon Inc 8 570 19 03/6!!2002 7,24651 171072001 1 32368 000

30300 EIACorp 647091 04/0a12002 6,46905 10/01/2001 1 86 000 14300 Fedex Corporation 7 85396 61/0.38002 6,49792 1111612001 1 35604 000 23500 Hispanic Broadcasting Corp 629545 041038002 649354 07/152002 ( 19809) 000 11200 A11 Schotten5tcinHomesinc 6,15981 01/042002 642096 07/152002 (261 15) 000 68900 Magna Enieruinmcnl - CL A 4,74231 04/042002 652407 02/072002 (1,781 76) 000

9800 Paccar Inc 7,14402 04/04l1002 6,35820 011072002 78582 000 54400 PLX Tcchnology Inc 555244 04lPV2002 6,60302 11/0912001 (1 05058) 000 18800 Scibel Systems Inc 5,203 62 44/04l1002 677693 01298002 (1,57331) 000

222800 Silicon Graphics Inc 6 651 74 071042002 693851 01292002 (28677) 000 26600 Acccnlurc Lid -CI A 5,998 1I 04/112002 678034 01/032002 (78223) 000

1,08500 Autonomy Corp PIc ADR 4,94025 04111(2002 6 813 80 03212002 (1,873 55) coo 28700 Cognos Inc 668370 04/1112002 77,11631 171272001 (43261) 000 14500 Computer Sciences Corp 636530 04/11/2002 720795 01/11/2002 (842 65) 000 44300 1 D Fdwa+ds & Co 6,40372 0.4/112002 7 311 72 01/1 IR002 (90800) 000 17400 Victim Inc 5,99311 01/112002 651080 10/112001 (57669) 000

1,33300 Pnceline com Inc 5,10587 04/112002 6 766 17 03/072002 (1,660 30) 000 48800 Pioneer Standard Electronics 707959 04/1 112002 6,827 12 01/032002 25247 000

0 0 0 0 0 0 0

Driekaus Capital Management

Gains and Loss Report from 11/0112001 to 10/31/2002

0 0 0 0 0 0 9 0 0 t


Account: 06056519 -- RHDFOUNDATION-ALLCAP

Sale Purchase Realized Unamorl¢ed Bond uanut Sccuniv Description Proceeds Date cost Date Gam (- Loss) Premium Discount)

19200 SAPAG-Spans ADR 6,209 09 0.1/11/2002 6,85056 OIR92002 (64147) 000 23600 ChaneredSemiconductor ADR 6,07761 04/1212002 6,65430 07/212002 (57669) 000 17800 Devon Energy Corporation 6,22913 04/1212002 656937 07/2112002 (34023) 000 29100 Free Markets 5,989 17 04/118002 673132 01/298002 (74215) 000 41000 HypenonSolutions Corp 10,739 15 04/12f1002 6,50751 10/70/2001 427161 000

37800 KuIicAeBSO(falndusmes 6,23530 0.1J1212002 6,67925 0381/2002 (41395) 000 30200 MSC software Corporation 5,99451 0411212002 6,44257 0321/2002 (44806) 000 25600 Sunguard Data Systems inc 8,13799 0411 2/2002 7,26528 17/078001 87271 000 9800 Smith International lnc 5,99741 0.1/17/2002 6.37864 071282002 (34123) 000 15800 Talisman Energy Inc 618641 04/12f2002 662680 03/212002 (44039) 000

34100 Yahoo' Inc 573426 04/12J2002 663927 03/142002 (1,30501) 000 12700 Affiliated Computer Svcs - A 6,42368 04/162002 6,41350 03/072002 10 18 000 26400 Autohvlnc 6,12949 04/1612002 6,58152 07/142002 (45203) 000 11900 Apache Corp 6,55313 04/1612002 6,56999 03/14/2002 (1686) 000

1 17200 Inlerpo¢ International 10,723 59 04/1612002 7,93561 07878001 2,78798 000

11600 ChoicePOmt Inc 670459 01/162002 635469 02/07R002 34990 000 73700 Silicon Image Inc 6 898 11 0.4/16/2002 3,49945 171172001 339866 000 17000 TidcunasterOnLne 4,94685 04/16f2002 277073 11/70/2001 217612 000 52100 BnghamExploration Co 2,08897 04/1 M002 2,05746 04101/2002 7151 000 78700 BnghamExploration Co 3,13947 0.1/188002 3,06801 01/052002 7146 000

38300 Bngham Exploration Co 153565 0.1!182002 1,50205 04/0812002 3360 000 21200 Cameral Corp 6,773 19 64/182002 652324 03/142002 24995 000 23000 Cohu Inc 6,46510 0471 tU2002 664700 031072002 (181 90) 000 16100 Factsei Research Systems Inc 600854 04/1 F2002 6,50260 04/0112002 (49406) 000 32600 Heanland Express Inc 676755 04/18/1002 6,74381 012112002 2374 000

12700 Intl Game Technology 6W36 0.4/1 SRIX12 626405 10/19/2001 58231 000 29600 Knight Transportation 5,46991 0.4/18/2002 687726 071012002 (1,40735) 000 23000 Multimedia Games Inc 5,76449 0.4/18/2002 296983 IW92001 2,79466 000 50900 Smclair Broadcast Group 693984 04/1 Fl1002 6,631 56 0321/2002 30828 000 311 00 Swift Transportation lnc 611096 0.41182002 6,63985 11/162001 (52889) 000

46500 Vintage Petroleum Inc 653305 04/1812002 649982 04/612002 33 23 000 31600 WemerEnterprises lnc 565957 04!18/2002 680377 021018002 (1,144 16) 000

1,01500 Wiser Oil Co 5 571 15 04/18/2002 6,54624 04/QU2002 (97509) 000 46600 AK Steel Holding Corp 5,60342 04252002 6.78962 0.1!1712002 ( I 18620) 000 27000 Applied Malenalclne 6,72009 07125R002 6,45645 07148002 26361 000

31100 AmAorTechnologies lnc 603688 0.4252002 6,48556 0381/2002 (33868) 000 27200 ASMIntemationalNV 5,95933 04818002 660960 03218002 (65027) 000 25600 A~mel Inc 6,58156 0425/2002 576096 077018002 (17940) 000 63800 Chippaclnc 5,72549 01252002 6,57140 07/182002 (84591) 000 19600 Coinsur Inc 6.57272 04252002 6,41365 41/0.72002 15907 000

29100 Georgia GuIfCorp 6,48110 04252002 6,54494 02/14/2002 (6384) 000 29100 HulchinsonTech 5,33852 06252002 6,85523 04/182002 (1,51671) 000


Gains and Loss Report from 11/0/2001 to 10/3l/2002

Wednesday February 26, 2003 08 22 06 Page !4

Account: 06056519 -- RHD FOUNDATION - ALGCAP

Sale Purchase Realized Unamorl¢ed Bond Date Cs! Date Gain (- Loss Premium (- Discount

0425R002 6,62910 03212002 74081 000 0425R002 355200 01/112002 320029 000 04252002 7,05414 121172001 1,13953 000 OS252002 691559 041182002 (59965) 000 041152002 652669 071282002 42997 000

0412512002 wrzsrzooz 6V25R002 0.1252002 oarzsrzooz WR5R002 OM252002 0.7/25/2002 04/252002 OV2S2002 U7/2Gl1002 05/0111002 OS/OL2002 osrovzooz 05/0711002 osiovzooz OS10?R002 U1/UY1W2 05/092002 05/092002

05/092002 05/09/2002 05/092002 05/092002 OS/IN2002

OS/IGR002 OS/IG2002 05116!2002 05/162002 05/162002

OS/IN2002 OS/IG2002 05/162002 OS/IN2002 05/ 1612002 05/162002 05/162002

74 IS 691995 781066 6,24684 6,54148

6,11382 563022 4,78870 6,662 11 1.369 13

7 31758 8,24371 5.286 14 6,21969 9,28981

6,073 19 7,370 17 5,55823 78722

8,901 78

6,27749 539880 1,80389 3,607 79 1 .95284

6,54460 6,96696

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000

000 000

Driehaus Capitol Management

Gains and Loss Report from 11/01/2001 to IO/31/2002

Ouantit Security Description

21800 lumn Inc 37000 to-inn Stores Inccl A 32000 Hum (1B) Transport Svcs Inc 33600 Kuhtrc & Soffa Industries 62500 luwsiana Pacific Carp

186 00 Mueller Industries Inc 42100 O S I Systems Inc 21300 Potlatch Corp 16500 Phelps Dodge Corp 29500 SFBC Intemauonal Inc

t88 00 Silicon Laboratories Inc 43600 Sandisk Corp 24900 Tickennaster Online 32300 Valuensioo hid CI A 511 00 Wafer Indusmcs Inc

400 Amkor Technologies Inc 20800 Advanced Energy Indusvies 29400 Armor Holdings Inc 22000 A7'Mllnc 1910(1 Brown and Brown Inc

13300 Cymer Inc 23000 Lam Research Coop 60600 Xerox Carp 9100 Eapedia Inc -CL A 3400 Expedia Inc-Wt

37900 Gymborce Corp 24100 Childrens Place Retail 26300 Pacific Sunwear Cal 19500 Wet Seal Inc " CI A 17300 Atc¢do Health Inc

1,24:00 Ac~lajm Entertainment Inc 39300 Cendam Corporation 23100 Charlotte Ruse Holding Inc 3300 Charlotte Ruse Holding Inc 46500 CarcmarA RX Inc

21900 Emmis Broadcasting Cl A 107 00 Express Scripts Inc Cl A 10900 Fstransion Communical cl A 21800 Frivavision Commumpl tl A 11900 EnVavision Commumral ci A

18000 Surwood Hotels & Res Worldwide 94900 La Qmnu Corp - Paved

Proceed

736991 6.75229 B 19367 6,215 94 6.95666

628579 xaioia 7,208 57 5,83587 5,683 26

5 253 31 7,60465 560721 6,23371 667871

6 718 32 666443 6,360 I S 626010 6,601 06

657041 686805 4,05830 6 568 86 666778

8342 651789 6,60806 649064 6,65420

6,602 12 651378 6 1172 04 3621 80

000

339205 7,23082 6,40074 644522 687749

709555 7.46700 563278 ais io

700290 6 631 32 6,621 97 1,61101 324491 I 73075

6.27300 6,85994

04111/2002 ia3azooi 07!182002 011112002 03212002 01114/2002 01292002 11/3012001 041042002 011142002

oaainooz 03/142002 03/072002 oviazooz 04/1112002

03/ 21/2002 03212002 U7/UI2W2 17/07/2001 17/072001

Id19R001 01/112002 07282002 01/282002 11272001

04118/2002 ivo7rzooi OL282002 03/01/2002 171172001

61!152002 Od252fq2 02/ 14/2002 0211512002 OL19R002

07121/2002 07/01 8002

(43253) i 745 71 84939

(42423) (91780)

(1,317 27) 73660

I 54891 (315 IS)

1093

(927) 40206

1,202 60 (24390) (11272)

(48830) (88356)

(208334) 304031 I 369 13

7 925 53 1,01289

(I 11460) (225 53) 2,41232

(1,022 36) (9683) (7455) (2788)

1 99888

(353 83) (1 223 17)

19288 36288 22209

271 60 imoz

000 000 000 000 000

000 000 000 000 000

000 000 000 000 000 000 000 0 W 000 000

"

Wednesday February 26, 2003 08 22 06 Page IS



Coins and Loss Report from 11/07/2007 to 70/31/2001

Sale Purchase Realized Unamorlized Bond unntrt Security Description Pr s Dole cost Date Gain (- boss) Premium I- Discount)

14500 A1artiouInternational -CI A 616376 05/1612002 665260 04252002 (48894) 000 12800 Novc1lus 6,57001 05/162002 6,64477 03218002 (7475) 000 2x700 Penn NatIGaming lnc 8

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