"Oak Value Fund - Investment Committee Page"

David R. Carr, Jr., Chairman, Chief Investment Officer,
Sr. Portfolio Manager

Co-Manager, Oak Value Fund
Started in industry in 1986, at Oak Value since 1986
BS, University of North Carolina (Chapel Hill)
Juris Doctor, University of North Carolina (Chapel Hill)

Larry D. Coats, Jr., President, Chief Executive Officer,
Sr. Portfolio Manager

President and Co-Manager, Oak Value Fund
Started in industry in 1986, at Oak Value since 1994
BS, University of South Carolina
MBA, University of South Carolina

Christy L. Phillips, Sr. Vice President, Director of Research & Portfolio Manager

Co-Manager, Oak Value Fund
Started in industry in 1986, joined Oak Value in 2003
BS, University of Tennessee

For more detailed information, see our Biographies Page.

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OAK VALUE FUND, IS REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO THE INVESTMENT ADVISERS ACT OF 1940.

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