Cascade Investment Advisors Inc

Item 5: Fees and Compensation

               Account Value                                Annual Fee

               Under $1 million -a                          0.95% of assets

               Between $500k and $1million
               and with us for over 5 years
               (tested for value each April 30)             0.90% of assets

                                                            0.85% of assets on the first
               Accounts over $1 million                     $2 million;
                                                            0.70% on the next $3 million

               $5 million and above                         Negotiable

               Bond portfolios                              Negotiable

       a- Applies only to household accounts worth less than $1 million; all accounts over $1 million
          will have a maximum fee rate of 0.85%. Note that in accordance with the section titled
          “Terms of this Agreement”, we may terminate account relationships that fall below $200,000
          for balanced accounts or $100,000 for equity accounts if you cannot add funds to bring
          accounts up to those levels.

 A one-time administrative charge of $300 will be charged to accounts that must be re-
   papered. This could occur if the security of your account has been compromised
    requiring us to close your existing account at the custodian to open a new one.

 Related accounts are aggregated to determine the annual fee. Fees are calculated on the
average account balance each calendar quarter and billed in arrears. This is calculated by
 adding the beginning market value to the ending market value and dividing by 2, then
multiplying by the applicable fee percentage listed above. One quarter of the annual fee is
charged each quarter. Fees are prorated if the account was not under management for the
    entire quarter. Fees can be billed directly to the client or debited from the client’s
                       custodial account as requested by the client.

 We make every attempt to customize our fees to special situations. For instance, if you
hold a security at a low cost basis that we will likely not sell, we may exclude it from the
                                       fee calculation.

  Commissions are paid to a broker or your custodian and not the investment manager.
   Other fees charged by your custodian may apply. Please refer to Item 12 entitled
    “Brokerage Practices” for more information on Cascade’s selection of brokers.

  Other fee arrangements may be made by petition to the firm; and the firm may also
 choose to alter the client's fee as it benefits the circumstances of the client relationship
                        upon notice, verbal or written, to the client.

  If a client terminates the relationship, Cascade will immediately cease activity in your
   account and deduct our final fee. Cascade will not be responsible for liquidating the
                                           account.

Item 7: Types of Clients

 We manage money for individuals who range in age from minors to elderly; our clients
    live all over the United States; some live in, or are citizens of, other countries.

We have no minimum account size, but portfolios need to be large enough to allow us to
        use our best ideas, accomplish diversification, and achieve your goals.