remember 0% intitial commission on all funds.

Fund Name	Standard Initial Charge	Our Initial Charge*	Initial Commission	Saving on £10,000 investment**	Fund Managers AMC	Morning Star Rating 1	S&P Rating 2	More Info	Buy
Baring European Growth Trust	5%	0.5%	0%	£450	1.5%		A
Cazenove European Fund	5%	0%	0%	£500	1.5%		AA
F&C European Dynamic Fund Acc	5%	0.5%	0%	£450	1.5%		AA
Fid FIF European Opportunities Fund	3.5%	0.5%	0%	£300	1.5%		A
Fid FIF European Fund	3.5%	0.25%	0%	£325	1.5%		AA
Gartmore European Selected Opportunities	5%	0%	0%	£500	1.5%		AAA
INVESCO PERPETUAL European Equity Acc	5%	0%	0%	£500	1.5%		AA
INVESCO PERPETUAL European Equity Inc	5%	0%	0%	£500	1.5%		AA
JPM Europe Dynamic (ex-UK) Fund Acc	4.25%	0%	0%	£425	1.5%		A
JPM Europe Fund	4.25%	0%	0%	£425	1.5%		AA
Jupiter European Special Situations Fund	5.25%	0.25%	0%	£500	1.5%		A
M&G European Fund A Acc	4%	0%	0%	£400	1.5%		AA
M&G European Fund A Inc	4%	0%	0%	£400	1.5%		AA
Martin Currie European Fund	5%	0.5%	0%	£450	1.5%		A
New Star European Growth	5.25%	0.25%	0%	£500	1.5%		AAA
Newton Continental European	4%	0.5%	0%	£350	1.5%		A
Schroder European Alpha Plus Fund Inc	5.25%	0%	0%	£525	1.5%		AA
Schroder European Alpha Plus Fund Acc	5.25%	0%	0%	£525	1.5%		AA
SVM Continental Europe Fund	5.25%	0%	0%	£525	1.5%		A
Threadneedle European Fund	3.75%	0.75%	0%	£300	1.5%		AA

Fund Name	Standard Initial Charge	Our Initial Charge*	Initial Commission	Saving on £10,000 investment**	Fund Managers AMC	Morning Star Rating 1	S&P Rating 2	More Info	Buy
Baring Europe Select Trust	5%	0.5%	0%	£450	1.5%		A
SWIP Pan European Smaller Companies Fund	3%	0%	0%	£300	1.5%		A
Threadneedle European Smaller Companies	3.75%	0.75%	0%	£300	1.5%		AA

Fund Name	Standard Initial Charge	Our Initial Charge*	Initial Commission	Saving on £10,000 investment**	Fund Managers AMC	Morning Star Rating 1	S&P Rating 2	More Info	Buy
JOHCM European Select Values Fund	5%	0%	0%	£500	1.25%		A

Fund Name	Standard Initial Charge	Our Initial Charge*	Initial Commission	Saving on £10,000 investment**	Fund Managers AMC	Morning Star Rating 1	S&P Rating 2	More Info	Buy
M&G Pan European Fund A Acc	4%	1%	0%	£300	1.5%		A
M&G Pan European Fund A Inc	4%	1%	0%	£300	1.5%		A

* The Initial Charge after 100% of initial commission has been rebated and including any fund manager discounts, if applicable.

** Saving on £10000 investment through SFS Invest Direct. Figures accurate as at 01 January 2009.

¹ 'Morningstar rates investments from one to five stars based on how well they've performed in comparison to similar investments, after adjusting for risk and accounting for all relevant sales charges.' Source Morningstar

² 'Standard and Poor's Fund Services offers qualitative assessment of over 1,300 funds and the highest quality research on investment management capabilities. A team of 45 experienced analysts investigates and monitors long-only equity funds, fixed income funds, funds-of-hedge-funds and absolute return funds. The Fund Services methodology identifies the process, research skills, team strength and group solidity that lies behind the long-term outperformance of leading funds in each market and sector. Those that come through the process successfully carry a rating of quality recognised throughout the investment world.' - Source Standard & Poors

Position in the highly rated funds on the Fundsnetwork platform, December 2008. Based on gross funds placed under management, excluding funds re-registration. (Source Fundsnetwork).