<!-- BOF: ./personal-templates/show.body -->
<!-- BOF: ./personal-templates/simple/generic/show -->
<!-- BOF: ./personal-templates/rtl.html -->
<!-- Locale=en_US -->
<!-- EOF: ./personal-templates/rtl.html -->


<!-- BOF: ./personal-templates/simple/generic/functions -->
<!-- BOF: ./personal-templates/simple/generic/navbar --><!-- EOF: ./personal-templates/simple/generic/navbar -->


<!-- EOF: ./personal-templates/simple/generic/functions -->


<!-- EOF: ./personal-templates/simple/generic/show -->

<!-- BOF: ./personal-templates/simple/generic/images -->

<!-- EOF: ./personal-templates/simple/generic/images -->


<!-- BOF: ./personal-templates/simple/personal/other/l47.settings.init -->


<!-- EOF: ./personal-templates/simple/personal/other/l47.settings.init -->


  <!-- BOF: ./personal-templates/simple/business/layout/l47.wait -->


<!-- EOF: ./personal-templates/simple/business/layout/l47.wait -->


<HTML>

<HEAD>


<META NAME="description" CONTENT="HEALTHCARE INVESTMENT ADVICE">
<META NAME="Keywords"    CONTENT="BIOTECH,INVESTMENT,HEALTHCARE,STOCKS,RESEARCH,CAPITAL,MONEY,ADVICE,CONSULTANT,BANKING,EUROPE,INTERNATIONAL,MARKET,FINANCIAL,RAISING,MANAGEMENT">


<!-- business -->


<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=UTF-8">
<META NAME="Generator" content="">
<!-- BOF: ./personal-templates/simple/themes.show -->


<!-- EOF: ./personal-templates/simple/themes.show -->


<!--<BASE HREF="http://www.delcoadvisors.com/index.html">-->
<TITLE></TITLE></head>
<BODY  BGCOLOR="#C1E2FD"


LEFTMARGIN="0" TOPMARGIN="0" RIGHTMARGIN="0" BOTTOMMARGIN="0"

 onLoad=""
 

>

  
      <!-- BOF: ./personal-templates/simple/business/layout/l47.layout --> 

<!-- html -->

<TABLE DIR="LTR" WIDTH="100%" HEIGHT="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
  <TR>
    <TD>
      <TABLE HEIGHT="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
        <TR>
          <TD>
             <TABLE WIDTH=322 HEIGHT="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
             <TR>
               <TD WIDTH=322 HEIGHT=216>
                  <IMG SRC="widgets/gen_46.1.gif" WIDTH=322 HEIGHT=216 ALT="" BORDER="0"></TD>
              </TR>
              <TR>
                <TD>
                    <TABLE WIDTH=322 HEIGHT="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
                       <TR>
                          <TD WIDTH=37 BACKGROUND="widgets/gen_56.1.gif" VALIGN="bottom"><IMG SRC="widgets/gen_54.1.gif" WIDTH=37 HEIGHT=105 ALT=""></TD>
                          <TD WIDTH=160 VALIGN="top" BACKGROUND="widgets/gen_53.1.gif">
               <a href="index.html" onMouseOver="document.images['img9'].src='widgets/gen_464.1.gif'" onMouseOut="document.images['img9'].src='widgets/gen_463.1.gif'"><img src="widgets/gen_463.1.gif" alt="Home" name="img9" border="0"></a><br>
               <a href="gpage1.html" onMouseOver="document.images['img36'].src='widgets/gen_621.1.gif'" onMouseOut="document.images['img36'].src='widgets/gen_620.1.gif'"><img src="widgets/gen_620.1.gif" alt="Cap Preservation" name="img36" border="0"></a><br>
               <a href="gpage.html" onMouseOver="document.images['img10'].src='widgets/gen_615.1.gif'" onMouseOut="document.images['img10'].src='widgets/gen_614.1.gif'"><img src="widgets/gen_614.1.gif" alt="Executive Summary" name="img10" border="0"></a><br>
               <a href="links.html" onMouseOver="document.images['img33'].src='widgets/gen_627.1.gif'" onMouseOut="document.images['img33'].src='widgets/gen_626.1.gif'"><img src="widgets/gen_626.1.gif" alt="Performance YTD" name="img33" border="0"></a><br>
               <a href="gpage5.html" onMouseOver="document.images['img20'].src='widgets/gen_480.1.gif'" onMouseOut="document.images['img20'].src='widgets/gen_479.1.gif'"><img src="widgets/gen_479.1.gif" alt="Portfolio Manager" name="img20" border="0"></a><br>
               <a href="gpage8.html" onMouseOver="document.images['img26'].src='widgets/gen_472.1.gif'" onMouseOut="document.images['img26'].src='widgets/gen_471.1.gif'"><img src="widgets/gen_471.1.gif" alt="Investment Managers" name="img26" border="0"></a><br>
               <a href="gpage6.html" onMouseOver="document.images['img22'].src='widgets/gen_474.1.gif'" onMouseOut="document.images['img22'].src='widgets/gen_473.1.gif'"><img src="widgets/gen_473.1.gif" alt="Contact" name="img22" border="0"></a><br>
               
               <a href="mailto:sdelco@yahoo.com" onMouseOver="document.images['img_email'].src='widgets/gen_476.1.gif'" onMouseOut="document.images['img_email'].src='widgets/gen_475.1.gif'"><img src="widgets/gen_475.1.gif" alt="e-mail me" name="img_email" border="0"></a><br></TD>
                          <TD WIDTH=125>&nbsp;</TD>
                       </TR>
                       <TR>
                          <TD WIDTH=37 HEIGHT=34>
                                 <IMG SRC="widgets/gen_55.1.gif" WIDTH=37 HEIGHT=34 ALT=""></TD>
                          <TD WIDTH=160 HEIGHT=34>
                                 <IMG SRC="widgets/gen_47.1.gif" WIDTH=160 HEIGHT=34 ALT=""></TD>
                          <TD WIDTH=125 HEIGHT=34>
                                 <IMG SRC="widgets/gen_48.1.gif" WIDTH=125 HEIGHT=34 ALT=""></TD>
                       </TR>
                    </TABLE>
                </TD>
              </TR>
             </TABLE>
          </TD>
          <TD WIDTH="100%">
             <TABLE WIDTH="100%" HEIGHT=70 BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
               <TR>
                 <TD WIDTH=100% HEIGHT=42 ALIGN="right" BACKGROUND="widgets/gen_45.1.gif"></TD>
                 <TD WIDTH=352 HEIGHT=42 ALIGN="right"><IMG SRC="widgets/gen_49.1.gif" WIDTH=352 HEIGHT=42 ALT="" BORDER="0"></TD>
               </TR>
               <TR>
                 <TD WIDTH=100% HEIGHT=28 ALIGN="right"></TD>
                 <TD WIDTH=352 HEIGHT=28><IMG SRC="widgets/gen_50.1.gif" WIDTH=352 HEIGHT=28 ALT="" BORDER="0"></TD>
               </TR>
           </TABLE>
           <TABLE WIDTH="100%" HEIGHT="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
              <TR>
                <TD WIDTH=100% HEIGHT="100%" VALIGN="top"><IMG SRC="widgets/spacer.gif" WIDTH=1 HEIGHT=1>
                   <!-- BOF: ./personal-templates/simple/business/welcome/html -->
<table border="0" CELLSPACING="10">
<tr><td colspan="2" align="center">


<font face='Arial' size='+1' color='#65B6F5'>


</font>


</td></tr>
<tr><td colspan="2" align="center"></td></tr>
<tr><td colspan="2">


<font face='Arial' size='2' color=''>

<div><br></div><div><br></div><div><span class="Apple-style-span" style="font-size: -webkit-xxx-large;"><font class="Apple-style-span" face="Arial"><font class="Apple-style-span" color="#666666">Healthcare</font></font></span></div><div><span class="Apple-style-span" style="font-size: -webkit-xxx-large; "><font class="Apple-style-span" face="Arial"><font class="Apple-style-span" color="#666666">Asset</font></font></span></div><div><span class="Apple-style-span" style="font-size: -webkit-xxx-large; "><font class="Apple-style-span" face="Arial"><font class="Apple-style-span" color="#666666">Management</font></font></span></div><div><br></div><div><br></div><div><img src="http://www.delcoadvisors.com/images/delco.jpg" alt="" style="width: 340px; height: 124px; " hspace="0" vspace="0" align="" border="0"></div>

</font>


</td></tr>


</table>


<font face='Arial' size='+1' color='#65B6F5'>
<b>

</b>
</font>


<!-- EOF: ./personal-templates/simple/business/welcome/html -->
</TD>
                <TD HEIGHT="100%" WIDTH="24" BACKGROUND="widgets/gen_43.1.gif"><IMG SRC="widgets/spacer.gif" WIDTH=24 HEIGHT=10></TD>
              </TR>
           </TABLE>
          </TD>
        </TR>
      </TABLE>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="top">
       <TABLE WIDTH="100%" HEIGHT=100% BORDER="0" CELLPADDING="0" CELLSPACING="0" VALIGN="top">
          <TR>
             <TD WIDTH=18 HEIGHT=20 VALIGN="top"><IMG SRC="widgets/gen_36.1.gif" WIDTH=18 HEIGHT=20 ALT=""></TD>
             <TD WIDTH=100% HEIGHT=20 VALIGN="top" BACKGROUND="widgets/gen_52.1.gif">&nbsp;</TD>
             <TD WIDTH=24 HEIGHT=20 ALIGN="right" VALIGN="top"><IMG SRC="widgets/gen_37.1.gif" WIDTH=24 HEIGHT=20 ALT=""></TD>
          </TR>
          <TR>
             <TD HEIGHT=100% WIDTH=18 BACKGROUND="widgets/gen_39.1.gif">&nbsp;</TD>
             <TD WIDTH=100% BGCOLOR="#71BDFD">

<br>
<FONT FACE="verdana, arial, helvetica" SIZE="1">
<center>
<nobr>|Home|</nobr>

<nobr>|<a href="gpage1.html">Cap Preservation</A>|</nobr>

<nobr>|<a href="gpage.html">Executive Summary</A>|</nobr>

<nobr>|<a href="links.html">Performance YTD</A>|</nobr>

<nobr>|<a href="gpage5.html">Portfolio Manager</A>|</nobr>

<nobr>|<a href="gpage8.html">Investment Managers</A>|</nobr>

<nobr>|<a href="gpage6.html">Contact</A>|</nobr>
</center>
</font>

<br>
<center><table border="0" cellpadding="0" cellspacing="3"><tr><td align="center">

<a href="http://www.webhero.com" title="Web Hosting" target="_blank"><img src="http://209.217.50.104:8080/masonry/widgets/simple/other/built_webhero.gif" alt="Webhosting" border="0"></a>

<br>
<font face="helvetica,verdana, arial" size="1">Copyright: 2000</font>

</td></tr></table></center>
</TD>
             <TD HEIGHT=100% WIDTH=24 BACKGROUND="widgets/gen_38.1.gif"></TD>
          </TR>
          <TR>
             <TD WIDTH=18 HEIGHT=22 VALIGN="bottom"><IMG SRC="widgets/gen_40.1.gif" WIDTH=18 HEIGHT=22 ALT=""></TD>
             <TD BACKGROUND="widgets/gen_42.1.gif">&nbsp;</TD>
             <TD WIDTH=24 HEIGHT=22><IMG SRC="widgets/gen_41.1.gif" WIDTH=24 HEIGHT=22 ALT=""></TD>
         </TR>
       </TABLE>      
    </TD>
  </TR> 
</TABLE> 
<!-- end html -->
                
<!-- EOF: ./personal-templates/simple/business/layout/l47.layout -->

    
<!-- BOF: ./personal-templates/simple/themes.show.body -->


<!-- EOF: ./personal-templates/simple/themes.show.body -->

</body>
<!-- BOF: ./personal-templates/simple/themes.show.end -->


<!-- EOF: ./personal-templates/simple/themes.show.end -->


</html>


<!-- EOF: ./personal-templates/show.body -->