Performance Highlights:Performance Relative to Benchmark

Equity, Balanced and Convertibles Management Styles

December 31, 2001

Composite Accounts

Key

1 — SBSF Value

2 — Large Cap Growth

3 — Diversified Equity

4 — Deep Value

5 — Mid Cap Value

6 — Balanced

7 — Convertible Securities

8 — Large Cap Value

9 — International

10 — Gradison Small Cap

11 — Real Estate Investment

Past performance does not guarantee future results.

Performance does not reflect the deduction of investment management fees.

Benchmark Key

1 — Russell 1000 Value

2 — 60% Barra Growth/40% S&P 500

3 — S&P 500

4 — Russell 1000 Value

5 — S&P Mid Cap 400

6 — 60% S&P 500/30% LB Agg/10% T-Bills

7 — ML All Convertible Investment Grade

8 — 60% S&P 500/40% S&P Barra Value

9 — MSCI All Country World Index Free ex US

10 — Russell 2000

11 — MS REIT

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