MONTHLY REPORT - AUGUST 2008 Providence Select Fund, LP The net asset value of a unit as of August 31, 2008 was $ 836.91, up 3.7% from $ 806.93 per unit as of July 31, 2008. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (3,439.355 units)at $ 2,775,335.91 3,334,924.08 July 31, 2008 Addition of 0.000 units on August 1, 0.00 195,109.82 2008 Redemption of 0.000 units on August 31, 0.00 (397,518.08) 2008 Net Income (Loss) 103,080.53 (254,099.38) ---------------- -------------- Ending Net Asset Value (3,439.355 units) $ 2,878,416.44 2,878,416.44 on August 31, 2008 ================ ============== Net Asset Value per Unit at August 31, 2008 $ 836.91 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on closed contracts $ 95,500.28 248,337.99 Change in unrealized gain (loss) on open 47,689.50 6,083.29 contracts Interest income 3,506.47 31,692.70 ------------- ----------- Total: Income 146,696.25 286,113.98 Expenses: Brokerage commissions 14,942.64 131,585.87 Operating expenses 7,742.33 70,238.72 Incentive fee 0.00 158,086.37 Management fee 0.00 46,071.61 Continuing service fee 9,484.27 65,443.57 Organizational & offering expenses 11,446.48 68,787.22 -------------- ------------ Total: Expenses 43,615.72 540,213.36 ============== ============ Net Income (Loss) - August 2008 $ 103,080.53 (254,099.38) 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