MONTHLY REPORT - JANUARY 2008 Providence Select Fund, LP The net asset value of a unit as of January 31, 2008 was $ 920.08, up 1.9% from $ 902.94 per unit as of December 31, 2007. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (3693.388 units)at $ 3,334,924.08 3,334,924.08 December 31, 2007 Addition of 66.523 units on January 1, 60,067.08 60,067.08 2008 Redemption of 0.000 units on January 31, 0.00 0.00 2008 Net Income (Loss) 64,417.76 64,417.76 ------------- ------------- Ending Net Asset Value (3,759.911 units) $ 3,459,408.92 3,459,408.92 on January 31, 2008 ============= ============= Net Asset Value per Unit at $ 920.08 January 31, 2008 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on closed contracts $ 54,476.61 54,476.61 Change in unrealized gain (loss) on open 88,553.81 88,553.81 contracts Interest income 7,481.35 7,481.35 ------------- ----------- Total: Income 150,511.77 150,511.77 Expenses: Brokerage commissions 16,555.93 16,555.93 Operating expenses 24,196.00 24,196.00 Incentive fee 27,348.56 27,348.56 Management fee 8,961.01 8,961.01 Continuing service fee 9,032.51 9,032.51 Organizational & offering expenses 0.00 0.00 ------------- ----------- Total: Expenses 86,094.01 86,094.01 ============ =========== Net Income (Loss) - January 2008 $ 64,417.76 64,417.76 To the best of my knowledge and belief, the information contained herein is accurate and complete. /s/ Michael P. Pacult Michael P. Pacult, President White Oak Financial Services. Inc. General Partner Providence Select Fund. LP