Business Continuity Plan Disclosure Statement

Porter, White & Company, Inc. (Broker Dealer), PW Advisers, Inc. (Registered Investment Adviser) and affiliated companies (together, "PWCO") have a business continuity plan to deal with a significant business disruption caused by fire, storm or other disaster and to re-establish communications with clients in the event of such a disruption.

The securities of investment advisory clients are held in client controlled accounts at National Financial Services, LLC, a Fidelity Investments Company, which has a robust business continuity plan, or in special cases at other institutions under agreements between clients and such other institutions. Investment advisory clients may contact Fidelity or such other institutions directly concerning their accounts. No financial assets are held directly by PWCO.

PWCO financial and most other important records are copied or backed up electronically and stored in a bank vault off site. Provision has been made to restore backed up electronic records at another location and the backup computer server is periodically tested for this purpose.

In the event of a disruption of service at our principal office, plans have been made to transfer our main telephone line to a telephone at another location. We are advised that this may require a day to accomplish. In the meantime, you may contact us at 205-835-5269, 205-566-7504, or 205-335-8967, which are cell telephone numbers that should continue to work.

Our web site is hosted at another location which should remain operational. We will post current information on our web site regarding our operations and the status of our recovery.

If you have questions concerning the foregoing, please call 205-252-3681.

Revised November 15, 2005