| Timberline Dividend & Growth Portfolio Information (9/30/11) |
| Timberline Investment Management, LLC. 503-657-7100 Info@TimberlineInvestment.com |

| Investing with Integrity |
| ABOUT TIMBERLINE |
| ABOUT DIVIDEND & GROWTH |
| DIVIDEND STOCK INVESTING |
| D&G S&P 500 Top D&G Composite Positions Weighted Avg. Mkt. Cap: $58b $87b Microchip Technology Number of Holdings: 35 500 Waste Mangement Portfolio Yield (before fees): 4.10% 2.35% DuPont Since 9/30/03 inception - Leggett & Platt # of Negative Qtrs: 7 11 Kimberly Clark |
Performance Information Timberline's Dividend & Growth composite performance has an inception date of 9/30/03. Management of the composite includes accounts currently and previously managed in the strategy as well as verification by an independent third party. Timberline welcomes the opportunity to share and discuss the performance history of Dividend & Growth and that of relevant benchmarks. Such information can be obtained by contacting Timberline Investment Management at the phone number or email address provided above. |