MONTHLY REPORT - OCTOBER 2008 Providence Select Fund, LP The net asset value of a unit as of October 31, 2008 was $ 839.89, up 7.2% from $ 783.74 per unit as of September 30, 2008. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (2,791.726 units)at $ 2,187,984.09 3,334,924.08 September 30, 2008 Addition of 89.187 units on October 1, 69,900.00 265,009.82 2008 Redemption of 306.124 units on October 31, (257,110.48) (1,162,201.33) 2008 Net Income (Loss) 161,769.14 (275,189.82) --------------- --------------- Ending Net Asset Value (2,574.789 units) $ 2,162,542.75 2,162,567.94 on October 31, 2008 =============== =============== Net Asset Value per Unit at October 31, 2008 $ 839.89 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on $ 214,985.23 383,067.24 closed contracts Change in unrealized gain (loss) on open (13,463.44) (61,323.36) contracts Interest income 1,774.05 36,674.79 --------------- --------------- Total: Income 203,295.84 358,418.67 Expenses: Brokerage commissions 15,467.37 162,637.10 Operating expenses 6,291.23 92,655.50 Incentive fee 0.00 158,086.37 Management fee 0.00 46,071.61 Continuing service fee 8,321.62 82,477.73 Organizational & offering expenses 11,446.48 91,680.18 --------------- --------------- Total: Expenses 41,526.70 633,608.49 =============== =============== Net Income (Loss) - October 2008 $ 161,769.14 (275,189.82) 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