MONTHLY REPORT - MARCH 2008 Providence Select Fund, LP The net asset value of a unit as of March 31, 2008 was $ 986.28 up 1.2% from $ 975.02 per unit as of February 29, 2008. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (3,782.607 units)at $ 3,688,113.17 3,334,924.08 February 29, 2008 Addition of 26.670 units on March 1, 26,003.71 120,072.42 2008 Redemption of 70.817 units on March 31, (69,845.39) (83,748.20) 2008 Net Income (Loss) 42,903.60 315,926.79 ---------------- -------------- Ending Net Asset Value (3,738.460units) $ 3,687,175.09 3,687,175.09 on March 31, 2008 ================ ============== Net Asset Value per Unit at March 31, 2008 $ 986.28 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on closed contracts $ 387,087.99 631,805.28 Change in unrealized gain (loss) on open (280,413.92) (75,124.12) contracts Interest income 3,728.33 17,030.44 ------------- ----------- Total: Income 110,402.40 573,711.60 Expenses: Brokerage commissions 17,459.92 51,270.05 Operating expenses 2,895.50 34,787.70 Incentive fee 19,726.61 107,900.84 Management fee 9,314.16 27,583.59 Continuing service fee 6,547.79 24,687.81 Organizational & offering expenses 11,554.82 11,554.82 -------------- ------------ Total: Expenses 67,498.80 257,784.81 ============== ============ Net Income (Loss) - March 2008 $ 42,903.60 315,926.79 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