MONTHLY REPORT - JANUARY 2009 Providence Select Fund, LP The net asset value of a unit as of January 31, 2009 was $ 785.87, down 3.6% from $ 815.15 per unit as of December 31, 2008. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (2,194.919 units)at $ 1,789,191.21 1,789,191.21 December 31, 2008 Addition of 30.670 units on January 1, 25,001.03 25,001.03 2009 Redemption of 124.138 units on January 31, (97,556.32) (97,556.32) 2009 Net Income (Loss) (65,172.91) (65,172.91) --------------- --------------- Ending Net Asset Value (2,101.451 units) $ 1,651,463.01 1,651,463.01 on January 31, 2009 =============== =============== Net Asset Value per Unit at January 31, 2009 $ 785.87 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on $ (27,611.16) (27,611.16) closed contracts Change in unrealized gain (loss) on open (4,957.88) (4,957.88) contracts Interest income 280.02 280.02 --------------- --------------- Total: Income (32,289.02) (32,289.02) Expenses: Brokerage commissions 10,020.51 10,020.51 Operating expenses 6,228.54 6,228.54 Incentive fee 0.00 0.00 Management fee 0.00 0.00 Continuing service fee 5,188.36 5,188.36 Organizational & offering expenses 11,446.48 11,446,48 --------------- --------------- Total: Expenses 32,883.89 32,883.89 =============== =============== Net Income (Loss) - January 2009 $ (65,172.91) (65,172.91) 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