MONTHLY REPORT - FEBRUARY 2008 Providence Select Fund, LP The net asset value of a unit as of February 29, 2008 was $ 975.02, up 6.0% from $ 920.08 per unit as of January 31, 2008. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (3,759.911 units)at $ 3,459,408.92 3,334,924.08 January 31, 2008 Addition of 36.955 units on February 1, 34,001.63 94,068.71 2008 Redemption of 14.259 units on February 29, (13,902.81) (13,902.81) 2008 Net Income (Loss) 208,605.43 273,023.19 ------------- ------------- Ending Net Asset Value (3,782.607units) $ 3,688,113.17 3,688,113.17 on February 29, 2008 ============= ============= Net Asset Value per Unit at February 29, 2008 $ 975.02 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on closed contracts $ 190,240.68 244,717.29 Change in unrealized gain (loss) on open 116,735.99 205,289.80 contracts Interest income 5,820.76 13,302.11 ------------- ----------- Total: Income 312,797.43 463,309.20 Expenses: Brokerage commissions 17,254.20 33,810.13 Operating expenses 7,696.20 31,892.20 Incentive fee 60,825.67 88,174.23 Management fee 9,308.42 18,269.43 Continuing service fee 9,107.51 18,140.02 Organizational & offering expenses 0.00 0.00 ------------- ----------- Total: Expenses 104,192.00 190,286.01 ============ =========== Net Income (Loss) - February 2008 $ 208,605.43 273,023.19 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