Actual Portfolio Composition as of (06/30/2010)

Name	Value
BB&T SELECT EQUITY FUND, INSTITUTIONAL CLASS	17.37%
BB&T MID CAP VALUE FUND, INSTITUTIONAL CLASS	10.48%
BB&T INTERNATIONAL EQUITY FUND, INSTITUTIONAL CLASS	9.04%
ISHARES S&P 500 INDEX FUND/US	7.78%
ISHARES RUSSELL MIDCAP GROWTH INDEX FUND	6.94%
BB&T EQUITY INCOME FUND, INSTITUTIONAL CLASS	6.58%
ISHARES DOW JONES US REAL ESTATE INDEX FUND	5.01%
CREDIT SUISSE COMMODITY RETURN STRATEGY FUND	4.92%
ISHARES MSCI EAFE VALUE INDEX FUND	4.84%
BB&T SPECIAL OPPORTUNITIES EQUITY FUND, INSTITUTIONAL CLASS	4.15%
LAZARD EMERGING MARKETS EQUITY PORTFOLIO	4.03%
ISHARES MSCI EMERGING MARKETS INDEX FUND	3.90%
ISHARES MSCI EAFE GROWTH INDEX FUND	3.26%
BB&T U.S. TREASURY MONEY MARKET FUND, INSTITUTIONAL CLASS	3.24%
ISHARES MSCI EAFE SMALL CAP INDEX FUND	3.10%
STERLING SMALL CAP VALUE FUND, INSTITUTIONAL CLASS	2.75%
ISHARES RUSSELL 2000 INDEX FUND	2.61%