0001003715-11-000448 Sample Contracts

Sub-Item 77Q1(e)1: Management Agreement between Registrant and the Manager
Shelton Greater China Fund • August 29th, 2011

Submission of the Management Agreement between the Registrant and CCM Partners, L.P. (the “Manager”) dated May 27, 2011, is incorporated by reference to item (d)(1) of Post-Effective Amendment No. [__] to the Registration Statement filed on Form N-1A on August 4, 2011.

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Sub-Item 77Q1(e)2: Discretionary Investment Management Agreement between the Manager and the Sub-Adviser
Shelton Greater China Fund • August 29th, 2011

Submission of the Discretionary Investment Management Agreement between the CCM Partners, L.P. (the “Manager”) and Nikko Asset Management Co., Ltd., (the “Sub-Adviser”) dated June 9, 2011, is incorporated by reference to item (d)(2) of Post-Effective Amendment No. [__] to the Registration Statement filed on Form N-1A on August 4, 2011.

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