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Portfolio Composition File - Wednesday, 7th January, 2009
| No. | Stock Name | Quantity |
| 1 | BANK OF IRELAND | 21,245 |
| 2 | UTD DRUG | 4,862 |
| 3 | ALLIED IRISH BANKS | 18,790 |
| 4 | CRH | 4,879 |
| 5 | DCC | 1,742 |
| 6 | ELAN CORP | 10,083 |
| 7 | FBD HLDGS | 461 |
| 8 | IRISH LIFE & PERM | 5,659 |
| 9 | KINGSPAN GROUP | 2,506 |
| 10 | KERRY GROUP | 2,841 |
| 11 | INDEPENDENT NEWS&M | 8,071 |
| 12 | PADDY POWER | 866 |
| 13 | GREENCORE GROUP | 3,032 |
| 14 | DRAGON OIL | 5,183 |
| 15 | GRAFTON GROUP | 4,324 |
| 16 | C&C GROUP | 6,616 |
| 17 | ANGLO IRISH BK CP | 15,785 |
| 18 | RYANAIR HLDGS | 28,647 |
| 19 | SMURFIT KAPPA GRP | 2,474 |
| 20 | ARYZTA AG CHF0.02 | 1,654 |
| Cash Component | -1.22 |
