Reflecting high expectations for Japan’s first developer of peer-to-peer collaborative software, the fund underwrites a third-party allotment of new shares by Ariel Networks, Inc., which aims to provide Japan’s first-ever P2P-based collaborative software

Reflecting high expectations for embedded applications, which are an essential basic technology for information appliances and equipment, the fund Invests in a third-party allotment of new shares by ELT, Inc.

Works Application Co., Ltd. lists on the JASDAQ Securities Exchange.

Sells all of its shares in Bizseek, Inc., a holding of the fund since March 2000.

Sells all of its shares in Pasona Tech, Ltd., a holding of the fund since September 1999.

Invests in a third-party allotment of new shares by VirtualeX, Inc., which provides consulting and operations for call center outsourcing.

Underwrites a third-party allotment of new shares by REALCOM Inc., which provides knowledge management platforms focused on “people,” “knowledge,” and “community.” The cash raised will be used to develop next-generation versions of “KnowledgeMarketTM,” th

Underwrites a third-party allotment of new shares by GDH K.K. (Gonzo Digimation Holding), a company with leading edge digital technologies which aims to become a global leader in next-generation digital content.

Invests in a third-party allotment of new shares by AXIS Soft Co., Ltd. Using the latest Web technologies, AXIS provides “integrated one-stop solutions” for small and large Web sites, which range from systems infrastructure design to the building, operati

Invests in a third-party allotment of new shares by PhotoniXnet Corporation, which enhances the possibilities of Internet-based communications by providing solutions that rely on wavelength division multiplexing technology.