MONTHLY REPORT - SEPTEMBER 2008 Providence Select Fund, LP The net asset value of a unit as of September 30, 2008 was $ 783.74, down 6.4% from $ 836.91 per unit as of August 31, 2008. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (3,439.355 units)at $ 2,878,416.44 2,878,416.44 August 31, 2008 Addition of 0.000 units on September 1, 0.00 195,109.82 2008 Redemption of 647.629 units on September 30, (507,572.77) (905,090.85) 2008 Net Income (Loss) (182,859.58) (436,958.96) ---------------- -------------- Ending Net Asset Value (2,791.726 units) $ 2,187,984.09 2,187,984.09 on September 30, 2008 ================ ============== Net Asset Value per Unit at September 30, 2008 $ 783.74 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on closed contracts $ (80,255.98) 168,082.01 Change in unrealized gain (loss) on open (53,943.21) (47,859.92) contracts Interest income 3,208.04 34,900.74 ------------- ----------- Total: Income (130,991.15) 155,122.83 Expenses: Brokerage commissions 15,583.86 147,169.73 Operating expenses 16,125.55 86,364.27 Incentive fee 0.00 158,086.37 Management fee 0.00 46,071.61 Continuing service fee 8,712.54 74,156.11 Organizational & offering expenses 11,446.48 80,233.70 -------------- ------------ Total: Expenses 51,868.43 592,081.79 ============== ============ Net Income (Loss) - September 2008 $ (182,859.58) (436,958.96) 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