MIF Investment Results Through November 20, 2008

On November 16, 2008, I deposited L$2,000 into the Metaverse Investment Fund, which seeks to achieve capital growth by engaging in virtual world currency arbitrage, as well as providing quotation services and liquidity at various virtual world currency markets.

I paid L$19.798694 in commission and recieved 1,654 shares of the fund at L$1.197019.

On November 19th, MIF issued a press release stating that, "For some time now, we have generally been pushing a bit past the typical Friday reporting date outlined in our prospectus. We find it advantageous at times to hold off on the weekly report when it better suits the fund's operational and reporting needs. We've also found it generally advantageous to our operations to report after the weekend. As such, we're going to move our reporting window officially from Fridays to "early in the week", with a reporting window that will generally fall between Monday and Wednesday. This change will be reflected in our prospectus on its next update, but is officially in effect as of the date of this notice."

On November 20, 2008, I recieved a dividend payout of L$0.006375 per share, for a total of L$10.54425. This was reinvested, utilizing the MIF's 25% commission discount on automated dividend re-investment, and recieved another 8 shares valued at L$1.203394 each.

Currently the MIF has 517 active accounts, with assets of L$6,546,615.91, investor returns of 40.6748% since February 1st, 2008, and has paid out total dividends of L$711,745.92 in that same time period.