Analysts’ Best Picks® Record

To receive a copy of the Analyst’s Best Picks® List, please contact your Raymond James financial advisor.

Year

Best Picks Total Return a

S&P 500 

Differential b

1996

37.24%

22.55%

14.69%

1997

53.47%

37.12%

16.35%

1998

38.94%

30.75%

8.19%

1999

143.95%

25.39%

118.56%

2000

46.93%

-4.81%

51.74%

2001

11.60%

-15.03%

26.63%

2002

-0.56%

-22.73%

22.17%

2003

37.17%

24.27%

12.90%

2004

27.74%

14.87%

12.87%

2005

17.20%

7.12%

10.08%

2006

5.93%

14.88%

-8.95%

2007

30.47%

6.24%

24.23%

2008c

-41.05%

-41.87%

0.82%

5 Year Avg. d

7.99%

0.10%

7.89%

10 Year Avg. e

27.90%

0.76%

27.14%

a. On a total return basis with performance averaged as if an equal dollar allocation was made to each stock at the beginning of the period and held until 12/31 of the following year

b. Annual average Analysts’ Best Picks® total return performance minus the comparable S&P 500 performance

c. Represents total return performance through the close of 12/4/2008

d. Years 2004, 2005, 2006, 2007 and 2008 with total returns averaged

e. Years 1999 through 2008 with total returns averaged

Since 1996 a total of 143 stocks have been recommended through the Analysts’ Best Picks® List. Of this total 92 advanced 51 declined within the recommended holding period. The holding period for each year’s list is approximately 55 weeks from the inception date to 12/31/of the following year.

An investor would incur commissions (and interest charges if transacted in a margin account) to transact these recommendations. The results presented should not and cannot be viewed as an indicator of future performance. Individual results will vary and transaction costs related to investing in these stocks will affect overall performance. There is no assurance that the list will achieve the results expected and investors may incur profits or losses. The performance returns in 1999 were extraordinary and it is unlikely that these unrealistically high returns will be repeated. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Investors cannot invest directly in an index. A complete list of all Analysts’ Best Picks® since 1996 is available upon request.

Investment products are:   NOT FDIC/NCUA insured   NOT bank guaranteed   Subject to risk and may lose value   Not a deposit   Not insured by any government agency.

Raymond James & Associates, Inc. member New York Stock Exchange / SIPC and Raymond James Financial Services, Inc. member FINRA / SIPC are subsidiaries of Raymond James Financial, Inc.