Asset Management Strategies Inc

Item 5: Fees and Compensation

   A: Methods of Compensation and Fee Schedule
       ASSET MANAGEMENT STRATEGIES, INC. bases its fees on a percentage
       of assets under management, subscription fees, or non-securities insurance
       commissions. In certain circumstances, client’s fees may be charged as a flat
       amount or per hour for specific services.
       Fees may be negotiable.
       In Illinois, unless a client has received the firm’s disclosure brochure at least
       48 hours prior to signing the investment advisory contract, the investment
       advisory contract may be terminated by the client within five (5) business
       days of signing the contract without incurring any advisory fees.

   B: Client Payment of Fees
       Investment management fees are billed quarterly, in arrears, meaning that we
       charge you after the three-month billing period has ended. Fees are usually
       deducted from a designated client account to facilitate billing.

   C: Additional Client Fees Charged
       Custodians may charge transaction fees on purchases or sales of certain
       mutual funds and exchange-traded funds. These transaction charges are
       usually small and incidental to the purchase or sale of a security. The
       selection of the security is more important than the nominal fee that the
       custodian charges to buy or sell the security.
       ASSET MANAGEMENT STRATEGIES, INC., in its sole discretion, may waive
       its minimum fee and/or charge a lesser investment advisory fee based upon
       certain criteria (e.g., historical relationship, type of assets, anticipated future
       earning capacity, anticipated future additional assets, dollar amounts of
       assets to be managed, related accounts, account composition, negotiations
       with clients, etc.).
       New Advisory Service Agreement fees are calculated on a formula basis and
       adjusted for complexity of individual situations. The formula is based on gross
       income, gross assets and other financial considerations.
       Expense Ratios

                           Asset Management Strategies, Inc.

        Mutual funds generally charge a management fee for their services as
        investment managers. The management fee is called an expense ratio. For
        example, an expense ratio of 0.50 means that the mutual fund company
        charges 0.5% for their services. These fees are in addition to the fees paid
        by you to ASSET MANAGEMENT STRATEGIES, INC.
        Performance figures quoted by mutual fund companies in various publications
        are after their fees have been deducted.

    D: Prepayment of Client Fees
        ASSET MANAGEMENT STRATEGIES, INC. does not accept any
        prepayment of client fees.

    E: External Compensation for the Sale of Securities to Clients
        ASSET MANAGEMENT STRATEGIES, INC. does not accept any external
        compensation for the sale of securities to clients.

Item 7: Types of Clients

        Description
        ASSET MANAGEMENT STRATEGIES, INC. generally provides investment
        advice to individuals, banks or thrift institutions, investment companies,
        pension and profit-sharing plans, trusts, estates, or charitable organizations,
        corporations or business entities.
        Client relationships vary in scope and length of service.

        Account Minimums
        There is no current minimum account size or minimum annual fee.