Added to Pfizer (PFE), Altria (MO), MCG Capital (MCGC), and wrote Suntech June 45 (STPFI) Covered Call Option

We added to our existing positions in Pfizer Inc. (KFT), Altria (MO), and MCG Capital (MCGC):

• Pfizer (PFE) – Added 25% more shares at $21.12.
• Altria (MO) – Added 50% more shares at $21.26.
• MCG Capital (MCGC) – Added 33.33% more shares at $7.88.

Pfizer sports an attractive dividend of 6.2% but continues to be in an extended slump. Altria just finished a spin-off of the international unit and should continue to act as a core defensive holding in the portfolio. MCG Capital is down about 30% in the last month mainly due to confusion/unknowns related to the rights issue. We also wrote a covered call option against our Suntech Power holdings - June 45 (STPFI) at $4.30.

Below is our updated portfolio:

Stock	Buy Date	Buy Price	Current Price	Current % Of Portfolio	Unrealized % Return	Current Yield
Altria (MO)	Various	16.69	22.15	4.44	32.75	5.1
Philip Morris International (MO)	1/4/2005	32.19	50.58	5.59	57.12	3.90
Kraft Foods (KFT)	Various	24.03	31.71	4.24	31.94	3.30
Plum Creek Timber (PCL)	5/12/2005	35.5	41.16	8.26	15.93	3.60
Pfizer (PFE)	Various	24.37	21.38	7.15	(12.26)	6.2
ICICI Bank (IBN)	5/18/2006	27.57	41.18	8.26	49.35	0.80
Taiwan Semi (TSM)	7/27/2006	8.71	10.64	7.12	22.35	3.60
Advantage Energy Fund (AAV)	11/2/2006	11.22	11.23	4.88	0.05	16.80
SunTech Power (STP)	3/14/2007	36.73	41.47	5.55	12.92	None
Central Europe & Russia Fund (CEE)	Various	51.03	48.86	6.53	(4.26)	17.90
Patni Computers (PTI)	8/10/2007	20.85	12.15	4.06	(41.77)	0.80
Itron Inc. (ITRI)	11/07/2007	85.01	92.83	6.21	9.07	None
Anthracite (AHR)	11/09/2007	7.97	7.05	4.71	(11.54)	15.60
ClickSoftware (CKSW)	11/09/2007	4.61	2.90	1.94	(37.09)	None
Harvest Energy (HTE)	11/28/2007	21.01	22.51	6.02	7.12	16.30
iRobot (IRBT)	12/18/2007	18.65	18.20	3.95	(2.42)	None
MCG Capital (MCGC)	Various	10.86	8.23	4.40	(24.23)	15.00
LDK Solar (LDK)	01/22/2008	30.49	27.50	5.52	(9.82)	None
Cash				21.08
Total Portfolio					3.34

• For SunTech Power (STP), we wrote a covered call option for 2008 June 45 on 4/1/2008 at $4.30.
• For Taiwan Semiconductor (TSM), we wrote a covered call option for 2008 April 12.5 at $0.35 on 10/18/2007.
• For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria to yet to supply the cost-basis info