FORM N-1A

485APOS 1 stockcar485av7.htm FORM N-1A

FORM N-1A

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

/ XX/

Pre-Effective Amendment No.:

/ /

Post-Effective Amendment No.: 18

/X/

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 /XX/

Amendment No.:22

/X/

(Check appropriate box or boxes.)

StockCar Stocks Mutual Fund, Inc. - File Nos. 333-53683 and 811-8791

(Exact Name of Registrant as Specified in Charter)

10225 Ulmerton Road, Suite 3D, Largo, FL 33771

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code: 1-800-494-2755

Peak Wealth Opportunities, LLC, 10225 Ulmerton Road, Suite 3D, Largo, FL 33771

(Name and Address of Agent for Service)

With copy to:

C. Richard Ropka, Esq.

Law Office of C. Richard Ropka

215 Fries Mill Road

Turnersville, NJ 08012

Approximate Date of Proposed Public Offering:

It is proposed that this filing will become effective:

/ / immediately upon filing pursuant to paragraph (b)

/__/ on [_] pursuant to paragraph (b)

/XX/ 60 days after filing pursuant to paragraph (a)(1)

/ / on

pursuant to paragraph (a)(1)

/ / 75 days after filing pursuant to paragraph (a)(2)

/ / on (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

/ / this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

STOCKCAR STOCKS INDEX FUND

Investing in the companies that support

America's #1 spectator sport

PROSPECTUS

February ( ), 2010

Peak Wealth Opportunities, LLC

Investment Adviser

Ticker Symbol

Class I – SCARX

Class A – [N/A]

Class A Shares are not being offered at this time.

THESE SECURITIES, AS LIKE THE SHARES OF ALL MUTUAL FUNDS, HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

CONTENTS

Page

FUND SUMMARY

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Investment Objective

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Fees and Expenses of the Fund

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Portfolio Turnover

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Principal Investment Strategies of the Fund

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Principal Risks of Investing in the Fund

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Past Performance

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Management of the Fund

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Investment Professionals

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How to Purchase and Sell Shares

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Tax Information

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Payments to Broker-Dealers and Other Financial Intermediaries

PACE LAP:

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Victory Lane: The StockCar Stocks Index Fund’s Investment Objectives

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The Groove: The Fund’s Investment Strategy

GARAGE PASS: INSIDE THE STOCKCAR STOCKS INDEX FUND

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Green Flag

How the Fund Operates

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Going Flat Out

How the Fund Invests

That Other 5%

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The Engine

Index Investing

The StockCar Stocks Index

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Red and Yellow Flags

The Risks of Investing in the Fund

Is the Fund Right for You?

STOCKCAR STOCKS INDEX FUND TEAM: MANAGEMENT OF THE FUND

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The Driver

- The Fund’s Investment Adviser

- The Fund’s Portfolio Manager

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The Crew

- The Fund’s Administrator

- The Fund’s Distributor

A FINAL CHECK: IMPORTANT FUND DETAILS

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The Fund’s Place in the Race

- Calculating the Daily Share Price

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The Purse

- How the Fund Pays Out Dividends and Distributions

- Taxes on Your Fund Investment

- A Fixed Yellow Flag

MANAGING YOUR FUND SHARES

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In the Driver’s Seat

Contacting the Pit

Keeping Track

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Start Your Engines

Important Informaiton about Investing in the Fund

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Refueling

Important Informaiton about Buying Fund Shares

Choosing a Share Class

Paying for Shareholder Services

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Checkered Flag

Important Informaiton about Selling Fund Shares

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VIP Treatment

Special Shareholder Services

TRACK RECORD

FOR MORE INFORMAITON

STOCKCAR STOCKS INDEX FUND

Fund Summary

Investment Objective

The Fund seeks GROWTH OF CAPITAL and CURRENT INCOME by investing in the Companies of the STOCKCAR STOCKS INDEX.

Fees and Expenses of the Fund

The tables below describe the fees and expenses you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (fees paid directly from your investment)

	Class I	Class A
Maximum Up-Front Sales Charge	NONE	5.75%

ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)

	CLASS I	CLASS A
Management fees	0.65%	0.65%
Distribution and/or Service (12b-1) fees	0.25%	0.25%
Other expenses	2.71%	2.71%
Acquired Fund Fees and Expenses	0.03%	0.03%

Total Annual Fund operating expenses	3.64%	3.64%

EXPENSE EXAMPLE

The following example should help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

	1 YEAR	3 YEARS	5 YEARS	10 YEARS
Class I	$366	$1,114	$1,883	$3,897
Class A	$920	$1,625	$2,350	$4,248

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turn over” in its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 20.00% of the average value of its portfolio.

Principal Investment Strategies of the Fund

The Fund invests in the companies of the StockCar Stocks Index (the "Index"). The Index consists of 40 companies that support NASCAR's Sprint Cup Series. Management aims to invest 95% of the Fund's net assets in the stocks of the companies listed in the Index. The StockCar Stocks Index is a price-sensitive, equal-weighted stock index. Equal-weighted means that on January 1 of each year, each listed company in the Index typically makes up the same percentage of the Index. Throughout the remainder of the calendar year, the weighting of the Index stocks may change due to changes in its market price. Accordingly, the results are that over the course of the calendar year, the Fund invests according to stock performance thereby putting more money into the Index stocks that have done better, less into those that have trailed behind.

The Fund's investment adviser maintains the Index pursuant to the specified criteria. Once a company has become eligible, it is added to the Index by the next calendar quarter. (Calendar quarters begin Jan. 1, April 1, July 1 or Oct. 1) Similarly, the Index may remove a company that becomes ineligible at the end of each calendar quarter in which it became ineligible. Then, on January 1 of each year, the Index and the Fund are rebalanced equally and the process repeats.

The Index consists of any company whose stock is traded on a U.S. stock exchange; which has an initial market capitalization of greater than $100 million and that fits into one of the following seven categories:

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NASCAR Sprint Cup Series Sponsor: a company that sponsors the entire 36 race NASCAR Sprint Cup Series.

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Lead Race Sponsor: a company that (1) sponsors one or more races in the NASCAR Sprint Cup Series or (2) has negotiated a "naming rights" agreement with a race track hosting a Sprint Cup race.

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Primary Car Sponsor: a company that acts as the lead sponsor for one of the roughly 45 stock cars that race in the NASCAR Sprint Cup Series every year. You can tell a car's primary sponsor by the corporate logo - it's the one on the hood of the car.

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Major Product Sponsor: a company that provides products, such as gasoline, tires or lubricants, to any of the NASCAR Sprint Cup racing teams.

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Track Owner: a company that owns all or part of any of the tracks that host the 36 NASCAR Sprint Cup Series races.

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Licensee: a company that produces a product related to the NASCAR Sprint Cup Series under a licensing agreement with NASCAR.

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Broadcaster: a company that broadcasts NASCAR Sprint Cup races on television, radio or via the internet under an agreement with NASCAR.

Principal Risks of Investing in the Fund

You may lose money by investing in the Fund. The likelihood of loss may be greater if you invest for a shorter period of time. This section describes what we think are the most significant factors (but not the only factors) that could cause the value of your investment in the Fund to decline which could prevent the Fund from achieving its stated objective.

The prices of the stocks in which the Fund invests may fall which may reduce the value of your investment. The price of a company's stock may fall because of problems at the company. A price decline also may have little or no basis in fact - the price may fall just because investors suspect the company may have problems.

Then again, declining stock prices may have nothing to do with events at a particular company, but may result from changing stock market or economic conditions, actions on the part of the U.S. government or other governments around the world, or from a simple lack of investor confidence. In the past, stocks and the stock market have recovered, but some of these slumps have lasted for months and even years.

Stock prices for small and medium size companies tend to fluctuate more than stock prices for large companies. Approximately 35% of the stocks in the Index are stocks of small and medium size companies. Stocks in such companies have often suffered more in stock market slumps than large company stocks. They usually don't have as many resources as large companies to tide them over through hard times. What's more, investors are usually less willing to put their money into small and medium size company stocks. That may mean a small company's stock price may fall relatively farther than a large company's stock price before sellers can find investors willing to buy.

The Advisor maintains the Index determining which stocks are included in the Index based on the stated criteria. We invest in the stocks in the Index. We do not research the outlook for the companies in which we invest, and we do not avoid stocks that we think won't do well. Simply stated the race plan is that we invest in the companies listed in the Index and we stay invested in them.

That describes what index investing does. And it means there's one thing it doesn't do: An index fund doesn't do research that will help predict which stocks will break away from the pack or which will lag behind. Over the long haul, indexers believe that the simplicity and consistency of their approach of investing in a group of companies and sticking with them will pay off or not. But that means an index fund makes no effort to avoid stocks that may trail the field.

The companies that make up the Index may change, which could affect the Fund's performance. NASCAR Sprint Cup's sponsors and supporters may change from year to year. These changes usually result from everyday business decisions. For example, a company's marketing campaign to NASCAR fans may have run its course. Changes like that could mean that well-established companies with strong track records are leaving the Index, and companies without such strong records are replacing them. Of course, it also could mean just the opposite: that stronger companies are replacing the weaker companies leaving the Index. In either case, according to our investment policy, the Fund would have to invest in the new companies in the next calendar quarter and sell its stock in the companies that leave the Index at the end of the calendar year. That strategy could slow Fund performance.

A related risk is that the popularity of the NASCAR Sprint Cup Series, or the teams that race in it, may decline among fans and sponsors. If that happens, fewer companies or weaker companies might be listed in the Index.

The Fund runs a greater risk of loss than a fund that invests in a wider range of stocks. A rule of investing says that the more widely you spread your investments, the less likely one bad investment will damage you. If you divide your investments equally between two companies and one goes out of business, you lose half your money. If you divide your investments equally among 100 companies and one goes out of business, you lose only 1%.

By the same token, if you invest equally in two stocks and one doubles in price, it increases the total value of your investment by 50%. If you invest equally in 100 stocks and one doubles in price, it would increase the total value by 1%. The rules apply, of course, whether you invest $1,000 or $1 million. While the stocks that make up the Index represent many industries, the Fund can invest only in those stocks listed in the Index. Therefore, it has a higher risk of loss than a mutual fund that can spread its investments, and its risks, more widely.

The Fund runs a greater risk of loss because its portfolio is rebalanced on January 1 of each year. This rebalancing process to an equally weighted portfolio may reduce holdings in stronger companies while allocating additional Fund assets to weaker companies. This may result in a reduction in portfolio value.

Your investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person.

Past Performance

The bar chart below shows the total return of the Fund for each calendar year since inception. The bar chart provides an indication of the risks of investing in the Fund by showing how the Fund's performance has varied from year to year.

Year-to-Year Total Return

as of 12/31 of Each Year – Class I Shares

2000	2001	2002	2003	2004	2005	2006	2007	2008	2009
0.57%	16.37%	(16.65%)	24.75%	17.44%	(1.44%)	11.00 %	(2.94%)	(35.75%)	36.38%

Best Quarter: 2Q

2009 – 25.47 %

Worst Quarter: 4Q

2008- (21.12)%

The table below shows how the Fund's returns have compared to the returns of the S&P 500 Index. It gives you an idea of how the Fund's performance has varied compared to a widely used stock market benchmark. The table also compares the Fund's performance to the StockCar Stocks Index. Note that the returns of the S&P 500 Index and the StockCar Stocks Index do not reflect any deductions for fees, expenses and taxes that could apply to an investment in the Fund.

AVERAGE ANNUAL TOTAL RETURN

(as of December 31, 2009)

CLASS I SHARES¹	1 YEAR	5 YEARS	10 YEARS
Return before taxes	38.36%	-1.43%	2.76%
Return after taxes on distributions	36.38%	-2.01%	1.84%
Return after taxes on distributions and sale of fund shares	23.65%	-1.05%	1.94%
S&P 500 Index (Reflects no deductions for fees, expenses or taxes)	26.464%	.418%	-.949%

¹⁾ Class A commenced operations on February 1, 2007; however, no shares were purchased or sold in Class A since its inception and, therefore, does not have performance information available.

As you review the Fund's performance, please keep in mind that its past performance does not necessarily indicate how it will perform in the future. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local income taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown and these returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one Class and after-tax returns for other Classes will vary.

Management of the Fund

Peak Wealth Opportunities, LLC serves as the Investment Advisor of the Fund.

Portfolio Managers;

David Dube

Since April 2008

President of Advisor

Robert Carter

Since 1998

Portfolio Manager

How to Purchase and Sell Shares

You may purchase or sell shares of the Fund on any day the Fund is open for business by contacting your financial intermediary or other financial institution, or by contacting the Fund by telephone or by mail as set forth in the table below. The minimum initial investment in the Fund is $250.00 and minimum subsequent investments are $50.00. The advisor may, in its sole discretion, waive these minimums for individual retirement accounts (IRAs) and in certain other circumstances. The Fund may waive or lower investment minimums for investors who invest in the Fund through an asset-based fee program made available through a financial intermediary.

By Mail (or Overnight):

By Phone – 1-800-494-2755

Stockcar Stocks Index Fund

c/o Mutual Shareholder Services LLC

8000 Town Centre Drive, Suite 400

Broadview Heights, OH 44148

Tax Information

The Fund's distributions are generally taxable to you as ordinary income, capital gains or a combination of the two, unless you are investing through a tax-deferred arrangement, such as a 401(k) plan or an individual retirement account.

Payments to Broker-Dealers and Other Financial Intermediaries

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay a fee to the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary’s Web site for more information.

STOCKCAR STOCKS INDEX FUND

PACE LAP

VICTORY LANE: THE STOCKCAR STOCKS INDEX FUND’S INVESTMENT OBJECTIVES

The Fund seeks GROWTH OF CAPITAL and CURRENT INCOME by investing in the Companies of the STOCKCAR STOCKS INDEX.

The Fund aims to increase the value of your investment in two ways: through an increase in the price of the stocks in which the Fund invests (GROWTH OF CAPITAL) and passing along the dividends paid by the companies in which the Fund invests (CURRENT INCOME).

THE GROOVE: THE FUND’S INVESTMENT STRATEGY

The Fund invests in the companies of the StockCar Stocks Index (the "Index").* The Index, on January 1, 2010, consists of 40 companies that support NASCAR's Sprint Cup Series.

A LOOK UNDER THE HOOD: THE FUND’S CONSTRUCTION

The StockCar Stocks Index is a price-sensitive, equal-weighted stock index. Equal-weighted means that on January 1 of each year, each listed company typically makes up the same percentage of the Index. The Fund invests based on the Index. On January 1, 2010 there were 40 companies in the Index.

"NASCAR" is the trademark of the National Association for Stock Car Auto Racing. NASCAR is a privately held company. No investment in NASCAR is being offered through this Fund. NASCAR does not sponsor, endorse, sell or promote the StockCar Stocks Index Fund or the StockCar Stocks Index. Nor does NASCAR make any representation regarding the advisability of investing in the StockCar Stocks Index Fund.

In some cases, a lead race team does not have a sole sponsorship, but rather is a joint sponsorship involving two separate companies. In such situations each of those companies has one-half the-normal weighting in the Fund.

The Index also is price-sensitive. This means that the actual percentage of each company in the Index will change during the year because stock prices go up and down. A better performing stock will grow to be a higher percentage of the Index during the year and an underperforming stock will be a smaller percentage. The Fund buys or sells stocks in accordance with the current Index for each trading day.

During the year, new companies that belong in the Index are added at the end of each calendar quarter. Similarly, companies that no longer belong in the Index may be removed at the end of each calendar quarter and the Fund sells the stock of those companies. Then, on January 1 of each year, the Index and the Fund are rebalanced equally and the process repeats.

GARAGE PASS: INSIDE THE STOCKCAR STOCKS INDEX FUND

GREEN FLAG

How the Fund Operates

The Fund seeks growth of capital and current income by investing in the stocks of companies of the StockCar Stocks Index.

The Index lists any company whose stock is available to the general public and that fits into one of the following seven categories:

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NASCAR Sprint Cup Series Sponsor: the company that sponsors the entire 36 race NASCAR Sprint Cup Series.

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Lead Race Sponsor: a company that (1) sponsors one or more races in the NASCAR Sprint Cup Series or (2) has negotiated a "naming rights" agreement with a race track hosting a Sprint Cup race.

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Major Product Sponsor: a company that provides products, such as gasoline, tires or lubricants, to any of the NASCAR Sprint Cup racing teams.

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Track Owner: a company that owns all or part of any of the tracks that host the 36 NASCAR Sprint Cup Series races.

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Licensee: a company that produces a product related to the NASCAR Sprint Cup Series under a licensing agreement with NASCAR.

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Broadcaster: a company that broadcasts NASCAR Sprint Cup races on television, radio or via the internet under an agreement with NASCAR.

The Index has no minimum earnings qualification - it doesn't matter how much or how little a company earns from its participation in the NASCAR Sprint Cup Series as long as it fits into one of the seven categories.

However, there are additional criteria that must be met for a company to be included in the Index. To be listed on a major U.S. stock exchange, a company's stock must initially have a total market value of at least $100 million and must maintain a market value of at least $50 million. Additionally, companies may be removed from the Index if a major securities exchange delists the company or if a company files for bankruptcy protection.

GOING FLAT OUT

How the Fund Invests

We aim to invest 95% of the Fund's net assets in the stocks of the companies listed in the Index. At the beginning of each year, as noted in PACE LAP, we invest the net assets equally in the Index stocks. From then on, the weight of an Index stock changes with changes in its price. This means that, over the course of the year, the Fund invests according to stock performance: It puts more money into the Index stocks that have done better, less into those that have trailed behind.

Just like any other mutual fund, the Fund's assets are the stocks and other investment securities purchased with money from its shareholders plus any gains (or minus any losses) from these investments. The Fund's net assets equal the price of the stocks and securities, plus gains - or minus losses – from investment performance, minus any amounts that the Fund might owe to others. We try to come within 95% of the total return of the Index. That's before we deduct fees and expenses. We don't normally expect to match 100% of the Index's total return, even before we take out fees and expenses, because we can't invest all the Fund's assets in Index stocks. On one hand, we have to keep some cash available to pay Fund shareholders for shares they might want to sell. On the other hand, it takes time to invest all the cash we receive from the purchase of new shares. Besides the cash on hand, the Fund has to pay commissions on the stocks that it buys and sells. Those costs also cause its performance to deviate from the Index's.

Under the supervision of the Board of Directors (the "Board") of the Fund, Peak Wealth Opportunities, LLC, the Fund’s investment adviser, is responsible for investing the Fund's money to try to match the performance of the StockCar Stocks Index. If the correlation between the Fund's performance and Index's performance is not maintained, the Board may take actions, including changing the fee structure and/or investment policies of the Fund, as needed, to reduce the performance deviation.

A stock's total return equals the change in its price plus any dividends that it pays. If the stock increases in price, the return will be positive; however, if its price falls, the Fund will have a negative return. Since you add dividends to the calculation, a stock that pays dividends – not all do - has an extra return above the price change alone.

That Other 5%

The Fund can invest up to 5% in money market funds, in bonds issued by the U.S. Treasury and in U.S. government securities. This is a way of earning interest on the cash we have on hand.

THE ENGINE

Index Investing

We mentioned this briefly before in PACE LAP, but we should emphasize it again. It’s all in our name: the StockCar Stocks Index Fund is an index fund. Unlike actively managed stock mutual funds, we don't pick just those stocks we think will finish well - we invest in the stocks in the Index. We believe our approach makes sense over the long run. Historically, stocks have gained more value than any other financial investment, like corporate or U.S. government bonds.

We're not saying that index investing beats active management, the technique used by many mutual funds. Both index investing and active management have their place: Active management applies research to spot those stocks with breakaway potential and to steer clear of those that may crash. This double-edged formula has often beaten index investing in the past, but it's like stock car racing in one sense: There's no telling in advance which actively managed fund can successfully pick the winners out of the pack and avoid the losers.

Then too, actively managed mutual funds may trade stocks frequently. They may sell stocks because they think they have gone as far as they're likely to go or because they haven't lived up to expectations. They will jump into others with strong performance potential according to their research. Index mutual funds tend to buy and sell stocks less often. Remember, index funds are not trying to beat the market - they simply aim to match the performance of a certain group of companies by owning shares in every one of them.

Whenever active investors buy or sell stock they have to pay a commission. When they take a profit by selling a stock that has gained in price, they have to pay tax on that profit. The tax payment comes out of their gain, just as commissions do. Index investors pay commissions and taxes too, of course. But since they tend to buy and sell less, they end up paying less.

Index funds may be right for investors who favor a particular industry or a group of related industries but who are not familiar with individual companies. It also means index funds could work for new investors who want to learn how mutual funds and stock markets work as the next step in a lifelong investment program.

The StockCar Stocks Index

Peak Wealth Opportunities, LLC, the Fund's investment adviser, maintains the index and calculates its daily value. Once a company has become eligible, it is added to the Index by the next calendar quarter. (Calendar quarters begin Jan. 1, April 1, July 1 or Oct. 1) Similarly, the Index may remove a company that becomes ineligible at the end of each quarter in which it became ineligible. The StockCar Stocks Index is not published.

To return the Index to an equal weighting of each company at the end of each calendar year, stocks are bought and sold to match the Index as described in the Fund's Investment Strategy.

The 40 stocks included in the StockCar Stocks Index as of January 1, 2010 reflect the broad corporate support for NASCAR racing. Standard & Poor's Super Composite 1500 tracks the performance of the 1500 companies that account for 90% of the total stock market value in the United States. Standard & Poor's has divided American business into 10 major sectors. The Index contains companies from 9 of them. The companies in the Index also come in all sizes. As of January 1, 2010, of the companies in the Index:

●

65% were large-caps, or large-capitalization companies, whose total stock market value exceeded $5 billion.

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25% were mid-caps, companies whose stock market value ranged between $1 billion and $5 billion.

●

10% were small-caps whose stock market value ranged between $100 million and $1 billion.

THE STOCKCAR STOCK INDEX

COMPANY

SYMBOL

EXCHANGE

AARONS, INC.	ANN	NYSE
AFLAC, INC.	AFL	NYSE
BANK OF AMERICA, INC.	BAC	NYSE
BROWN-FORMAN CORP., CL. B	BF-B	NYSE
CATERPILLAR, INC.	CAT	NYSE
COCA-COLA CO.	KO	NYSE
DIAGEO, plc	DEO	NYSE
DISNEY (WALT) CO.	DIS	NYSE
DOVER MOTORSPORTS, INC.	DVD	NYSE
duPONT (E. I.) de NEMOURS & CO.	DD	NYSE
EXXON MOBIL CORP.	XOM	NYSE
FEDERAL EXPRESS CORP.	FDX	NYSE
FORD MOTOR CO.	F	NYSE
GENERAL MILLS, INC.	GIS	NYSE
GENUINE PARTS CO.	GPC	NYSE
GLAXOSMITHKLINE, plc	GSK	NYSE
GOODYEAR TIRE & RUBBER CO.	GT	NYSE
HOME DEPOT, INC.	HD	NYSE
INFINEON TECHNOLOGIES AG	IFNNY	NYSE
INTERNATIONAL SPEEDWAY CORP.	ISCA	NASDAQ
KRAFT FOODS, INC..	KFT	NYSE
LOWES COMPANIES, INC.	LOW	NYSE
MOLSON COORS, CL. B	TAP	NYSE
NEWS CORP, LTD., CL. B	NWS	NYSE
OFFICE DEPOT, INC.	ODP	NYSE
O'REILLY AUTOMOTIVE, INC.	ORLY	NASDAQ
PEPSICO, INC.	PEP	NYSE
RC2 CORP.	RCRC	NASDAQ
ROYAL DUTCH SHELL, plc, CL. B	RDS-B	NYSE
SIRIUS XM RADIO, INC.	SIRI	NASDAQ
SONY, INC.	SNE	NYSE
SPEEDWAY MOTORSPORTS, INC.	TRK	NYSE
SPRINT NEXTEL CORP.	S	NYSE
STANLEY WORKS, INC.	SWK	NYSE
SUNOCO, INC.	SUN	NYSE
3M COMPANY	MMM	NYSE
TARGET CORP.	TGT	NYSE
TOYOTA MOTOR CORP.	TM	NYSE
UNITED PARCEL SERVICE, INC.	UPS	NYSE
VERIZON COMMUNICATIONS, INC.	VZ	NYSE

The Fund’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Statement of Additional Information, which can be requested by calling 1-800- 494-2755.

RED AND YELLOW FLAGS

The Risks of Investing in the Fund

Your Basic Red Flag

Like stock cars themselves, the Fund makes no guarantees. You could lose part or even all of the money you invest in the Fund, just as you can with any mutual fund.

Yellow Flags: Possible Causes of Loss in the Fund

The prices of the stocks in which the Fund invests may fall. The price of a company's stock may fall because of problems at the company. A price decline also may have little or no basis in fact - the price may fall just because investors suspect the company may have problems.

We invest in the stocks in the Index. We do not research the outlook for the companies in which we invest, and we do not avoid stocks that we think won't do well. In investing, as in stock car racing, points you've earned at the end of the race matter more than your standing at the end of any lap. That's the philosophy behind index investing. It makes for a simple race plan: We invest in the companies listed in the Index and we stay invested in them.

That describes what index investing does. And it means there's one thing it doesn't do: An index fund doesn't do research that will help predict which stocks will break away from the pack or which will lag behind. Over the long haul, indexers believe that the simplicity and consistency of their approach of investing in a group of companies and sticking with them-will pay off. But that means an index fund makes no effort to avoid stocks that may trail the field.

The companies that make up the Index may change, which could affect the Fund's performance. NASCAR Sprint Cup's sponsors and supporters may change from year to year. These changes usually result from everyday business decisions. For example, a company's marketing campaign to NASCAR fans may have run its course. Changes like that could mean that well-established companies with strong track records are leaving the Index, and companies without such strong records are replacing them. Of course, it also could mean just the opposite: that stronger companies are replacing the companies leaving the Index. In either case, according to our investment policy, the Fund would have to invest in the new companies in the next calendar quarter and sell its stock in the companies that leave the Index at the end of the calendar year. That strategy could slow Fund performance.

The Fund runs a greater risk of loss because its portfolio is rebalanced on January 1 of each year. This rebalancing process to an equally portfolio may reduce holdings in stronger companies while allocating additional Fund assets to weaker companies. This may result in a reduction in portfolio value.

Your investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person.

Is the Fund Right for You?

You should consider investing in the Fund if you are looking to increase the value of your investment over the long term. That last part is important. Over longer periods - five years or more - stocks have usually done better than other financial investments, like bonds. But stock prices change from day to day, much more so than bonds, and sometimes by quite a lot. That fact has two consequences:

●

The value of an investment in the Fund, which itself invests almost totally in stocks, will rise and fall more than an investment that is less concentrated in stocks; and

●

Because daily price variation is constant and the performance of stocks builds up slowly, your risk of loss is greater if you invest in the Fund for just a short time.

STOCKCAR STOCKS INDEX FUND TEAM:

The Driver - Management Of The Fund

The Fund’s Investment Adviser

Upon shareholder approval, on April 15, 2008 Peak Wealth Opportunities, LLC (the “Adviser”), became the Fund’s Investment Adviser. The Adviser is a registered investment adviser located at 10225 Ulmerton Road, Suite 3D, Largo, FL 33771. Formed in 2007, the Adviser provides investment advisory services primarily to high net worth individuals and small institutions.

For its services, the Adviser receives an annual fee of 0.65% of the Fund’s average daily net assets. For the period through April 15, 2010, the Adviser and the administrator have contractually agreed to waive fees and/or reimburse the Fund for expenses it incurs, but only to the extent necessary to maintain the Fund’s total operating expenses (excluding interest, brokerage commissions, taxes and extraordinary expenses) at 1.50% of the Fund’s average daily net assets for that period. The Adviser and the administrator may recover any waived fees or reimbursed operating expenses within the three fiscal years following the year in which such waiver or reimbursement occurs, if the Fund is able to make the payments without exceeding the 1.50% expense limitation.

For the fiscal year ended September 30, 2009, the Adviser earned an advisory fee equal to $21,345.00 all of which was waived.

A discussion regarding the basis for the Board of Directors renewal of the investment advisory agreement between the Adviser and the Fund is available in the Fund’s annual report to shareholders, dated September 30, 2009, which is available upon request by calling 1-800-494-2755.

The Portfolio Manager

The Fund is managed day-to-day by Robert Carter. Mr. Carter joined the Adviser in October, 2004. Mr. Carter has managed the Fund since 1998.

The Fund's Statement of Additional Information provides information about Mr. Carter's compensation, other accounts that Mr. Carter manages and Mr. Carter's ownership of Fund shares.

THE CREW

The Fund’s Administrator

Peak Wealth Opportunities, LLC (the "Administrator") is responsible for:

●

Maintaining the Fund's books and records;

●

Reports for the Fund's Board of Directors; and

●

Proxy statements and shareholder reports.

The Administrator receives a fee for these services at an annual rate of 0.40% for the first $50,000,000; 0.30% for the net $25,000,000; and 0.20% in excess of $75,000,000 of the Fund's average daily net assets.

The Fund’s Distributor

The Fund sells its shares directly to shareholders.

A FINAL CHECK: IMPORTANT FUND DETAILS

THE FUND’S PLACE IN THE RACE

Calculating the Daily Share Price

Like most other mutual funds, the Fund's daily share price reflects the market value of all the stocks and bonds it owns, plus cash on hand, minus any liabilities. That daily calculation provides the Fund's total net assets. The Fund's net asset value per share (or NAV) is calculated by dividing its net assets by the number of shares outstanding.

We normally compute the Fund's NAV at the end of regular trading hours - 4 pm Eastern time - every day the New York Stock Exchange ("NYSE") is open for business. For a list of days on which we are not open for business, please see “Managing Your Fund Shares – Our Business Hours.”

We value the stocks and bonds the Fund owns at their market price at the end of regular trading on the NYSE. As a general matter, the Fund’s Adviser will value securities and other assets primarily by reference to the public market if there is a public market for securities of the same or similar class; primarily by reference to private transactions if public market references are not available and private transaction reports are available; and primarily by use of any one or more analytic methods or models if public and private market references are not available or not reliable.

If market prices are not available or, in the Adviser's opinion, market prices do not reflect fair value, or, if an event occurs after the close of the trading market that materially affects the values (but prior to the time the NAV is calculated), assets may be valued by the Adviser at their fair value, according to procedures approved by the Board of Directors. For example, if trading in a portfolio security is halted and does not resume before the Fund calculates its NAV, the Adviser may need to price the security using the Fund's fair value pricing guidelines. Without a fair value price, short-term traders could take advantage of the arbitrage opportunity and dilute the NAV of long-term investors. Fair valuation of a Fund's portfolio securities can serve to reduce arbitrage opportunities available to short-term traders, but there is no assurance that fair value pricing policies will prevent dilution of the Fund's NAV by short-term traders.

THE PURSE

How the Fund Pays Out Dividends and Distributions

The Fund intends to pay out at least 90% of its net investment income and capital gains to its shareholders annually in proportion to the number of Fund shares each of them owns.

Net investment income equals all stock dividends the Fund's investments earn, plus any interest it receives on the bonds it owns, minus expenses.

The Fund pays out all capital gains annually, which is the profit it makes on investments when it sells them. This payout is called a capital gain distribution. We will automatically use the dividends and distributions earned by your investment to purchase additional Fund shares for your account. If you prefer to have them paid directly to you by check, please notify us in writing at the address listed in Buying or Selling shares by mail in CONTACTING THE PIT.

If you elect to receive distributions and dividends by check and the post office cannot deliver such check, or if such check remains uncashed for six months, the Fund reserves the right to reinvest the distribution check in your account at the Fund's then current net asset value per share and to reinvest all subsequent distributions in shares of the Fund until an updated address is received.

Taxes on Your Fund Investment

The Fund intends to make distributions that may be taxed as ordinary income and capital gains. The Fund's shareholders, not the Fund itself, ordinarily pay taxes on its dividends and distributions, as is the case with most mutual funds. You will owe the taxes whether or not you choose to receive your distributions and dividends in cash or reinvest them. The amount you owe will depend on many factors. The most important are:

●

Your income tax bracket

●

How long the Fund has owned the stock in companies that it sells

●

How long you've owned any shares in the Fund that you might sell

Because each investor's tax circumstances are unique and because tax laws are subject to change, we recommend consulting your independent tax adviser about your tax issues.

The amount of tax you owe each year on your Fund investment will depend on the amount of dividends and capital gain distributions the Fund pays out. Normally, the taxes will be due in the year dividends and distributions are paid, except for distributions declared in December and paid in January of the next year, which are taxable as if we paid them December 31.

Dividends and capital gain distributions usually create the following tax liability:

TRANSACTION

TAX STATUS

Income payout

Ordinary income

Short-term capital gain distribution

Ordinary income

Long-term capital gain distribution

Capital gain

You sell shares owned for more than one year

Capital gain or loss

You sell shares owned for one year or less

Gains treated as ordinary

income, losses subject to

special rules

After December 31 of each year, we will mail you a notice telling you how much your investment in the Fund has earned in dividends and distributions during the year and the federal tax status of these earnings - whether they are taxable as ordinary income or as a short- or long-term gain.

Tax considerations for tax-deferred accounts, such as qualified retirement plans or nontaxable entities, will be different.

A Final Yellow Flag

You must provide your Social Security or other taxpayer ID number on your Fund account application. If we do not have your number on record, you will be subject to backup withholding. That means the IRS requires us to withhold 28% of all earnings from your Fund investment. Consult your tax adviser for details.

MANAGING YOUR FUND SHARES

IN THE DRIVER'S SEAT

Contacting the Pit:

Important Information about Contacting the StockCar Stocks Index Fund

By phone:

1-800-494-2755, 24 hours a day

Buying or selling shares by mail, including overnight mail:

StockCar Stocks Index Fund

c/o Mutual Shareholder Services LLC

8000 Town Centre Drive, Suite 400

Broadview Heights, OH 44148

Our Business Hours

We're open for business and you can buy and sell shares whenever the New York Stock Exchange is open for business. Generally, that's any weekday except: New Year's Day, Martin Luther King Jr. Day, Presidents' Day, Good Friday, Memorial Day, the Fourth of July, Labor Day, Thanksgiving Day and Christmas Day.

Minimum Fund Investments:

To open an account

$250

Each new investment after the first

$50

To open an automated investment plan

$50

The Fund will not accept payment in cash or third party checks. All checks should be made payable to the Fund or Mutual Shareholder Services, LLC as the Fund's agent. All checks must be drawn on a Bank located within the United States and must be payable in U.S. dollars.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for other identifying documents or information, and may take additional steps to verify your identity. We may not be able to open your account or complete a transaction for you until we are able to verify your identity.

Keeping Track

We'll send you written confirmation of each transaction. These confirmations serve as your proof of ownership since we do not issue share certificates.

START YOUR ENGINES

Important Information about Investing in the Fund

By Mail:

Mail your completed application and a check payable to the StockCar Stocks Index Fund to one of the addresses listed in Buying or Selling shares by mail under CONTACTING THE PIT.

By Bank Wire:

Mail your completed application to the address in Buying or Selling shares by mail under CONTACTING THE PIT. The application must be received and processed before you wire your money. Then, wire your investment to:

US Bank N.A.

ABA #042000013

DDA #130100789606

Account of StockCar Stocks Index Fund

Further credit to:

Account Name (Shareholder Name)

Social Security or Tax ID Number

Shareholder Account Number

The Fund discourages and does not accommodate market timing. Market timing is an investment strategy using frequent purchases, redemptions and/or exchanges in an attempt to profit from short-term market movements. Market timing may result in dilution of the value of Fund shares held by long-term shareholders, disrupt portfolio management and increase Fund expenses for all shareholders. The Board of Directors has adopted a policy which permits the Fund or its transfer agent to reject any purchase order with respect to one investor, a related group of investors or their agent(s), where they detect a pattern of purchases and sales of the Fund that indicates market timing or trading that they determine is abusive. This policy generally applies to all Fund shareholders. While the Fund attempts to deter market timing, there is no assurance that it will be able to identify and eliminate all market timers. For example, certain accounts called “omnibus accounts” include multiple shareholders. Omnibus accounts typically provide the Fund with a net purchase or redemption request on any given day where purchasers of Fund shares and redeemers of Fund shares are netted against one another and the identities of individual purchasers and redeemers whose orders are aggregated are not known by the Fund. The netting effect often makes it more difficult for the Fund to detect market timing, and there can be no assurance that the Fund will be able to do so.

REFUELING

Important Information About Buying Fund Shares

●

You pay for your shares at the price quoted in the next daily price calculation after we receive your purchase order, plus any applicable sales charge.

●

You must make your initial purchase by mail or wire.

●

We can only accept checks in U.S. dollars drawn on U.S. funds.

●

A $25.00 fee will be imposed by the Fund’s transfer agent if any check used for investment in an account does not clear, and the investor involved will be responsible for any loss incurred by a Fund.

●

To ensure that all checks have cleared, we do not allow investors to sell shares purchased by check until they have owned the shares at least 12 days.

●

We reserve the right to cancel any purchase order.

Choosing a Share Class

This prospectus offers Class I and Class A Shares, both of which may be available to you as an investor. Class I and Class A Shares are substantially similar; however, each share class has different sales charges and expenses.

Class I Shares

●

You will not pay a sales charge on the purchase of Class I Shares.

●

Shareholders owning Class I shares are assessed a distribution and shareholder servicing

fee (“Rule 12b-1 fee”).

Class A Shares

●

You may pay a sales charge at the time of purchase.

●

You can utilize the Right of Accumulation or a Letter of Intent to achieve reduced sales

charges more quickly.

●

Shareholders owning Class A shares are assessed a Rule 12b-1 fee.

Sales Charges

The Distributor compensates financial intermediaries who sell shares of the Fund. Compensation comes from sales charges and Rule 12b-1 fees. The Distributor or affiliates of the Distributor also may pay financial intermediaries from its or their own resources. Please see “Paying for Shareholder Service” for more information.

Class I Shares

●

Class I Shares are sold at NAV per share, without any up-front sales charge.

Class A Shares

●

Class A Shares are sold at NAV per share plus applicable sales charge, unless you qualify for a waiver of the sales charge.

●

The maximum initial sales charge imposed on purchases of Class A shares is 5.75% of the offering price.

●

Class A sales charges are reduced on investments of $50,000 or more and the amount of the reduction increases as your level of investment increases.

●

The table below shows the amount of sales charges you would pay at different levels of investment and the commissions paid to financial intermediaries at each level of investment. The differences in sales charges shown in the table below are sometimes referred to as “breakpoints.” ^*

Amount of Purchases	Sales Charge as % of Public Offering Price	Sales Charge as % of Net Amount Invested	Commission as % of Offering Price
Less than $0 to $49,999	5.75%	6.10%	2,875
$50,000 to $99,999	4.75%	4.99%	4,750
$100,000 to $249,999	3.75%	3.90%	9,375
$250,000 to $499,999	2.75%	2.83%	13,750
$500,000 to $999,999	2.00%	2.04%	20,000
$1,000,000 or more¹	NONE	NONE	NONE

¹ There is no front-end sales charge for investments of $1 million of more in the Fund.

The actual sales charges you pay may differ from the rate disclosed because of rounding calculations.

●

The sales charge is allocated between your financial intermediary and the Distributor as shown in the table, except if the Distributor, in its discretion, re-allows the entire amount to your financial intermediary. In those instances in which the entire amount is re-allowed, such financial intermediaries may be deemed to be underwriters under the Securities Act of 1933.

Reducing Your Class A Sales Charge

The Fund permits you to reduce the initial sales charge you pay on Class A Shares by using the Right of Accumulation or a Letter of Intent. Each of these methods for reducing the initial sales charge on Class A Shares is described below.

●

Right of Accumulation: You may qualify for a reduction in the initial sales charge for future purchases of Class A Shares based on the current market value of your Class I and Class A Share holdings from prior purchases through the Right of Accumulation. To calculate the sales charge applicable to your net purchase of Class A Shares, you may aggregate your investment with the current market value of any Class I or Class A Shares of the Fund held in:

Your account(s);

Account(s) of your spouse;

Account(s) of children under the age of 21 who share your residential address;

Trust accounts established by any of the individuals in items (1) through (3) above. If the person(s) who established the trust is deceased, the trust account may be aggregated with the account(s) of the primary beneficiary of the trust;

Solely controlled business accounts; and

Single-participant retirement plans or any of the individuals in items (1) through (3) above.

In order to obtain any breakpoint reduction in the initial sales charge, you must, before purchasing Class A Shares, inform your financial intermediary or the Fund if you have any of the above types of accounts that can be aggregated with your current investment in Class A Shares to reduce the applicable sales charge. In order to verify your eligibility for a reduced sales charge, you may be required to provide appropriate documentation, such as an account statement or the social security or tax identification number on an account, so that the Fund may verify (1) the number of shares of the Fund held in your account(s) with the Fund, (2) the number of shares of the Fund held in your account(s) with a financial intermediary, and (3) the number of shares of the Fund held in an account with a financial intermediary owned by your spouse or domestic partner and by children under the age of 21 who share your residential address.

●

Letter of Intent: You may qualify for a reduction in the initial sales charge applicable on a current purchase of Class A Shares by signing a Letter of Intent committing you to purchase a certain amount of shares over a defined period of time. Provided you satisfy the minimum initial investment requirement, you may purchase Class A Shares of the Fund over the next 13 months and pay the same sales charge that you would have paid if all shares were purchased at once. At your request, purchases made during the previous 90 days may be included toward the amount covered by the Letter of Intent. If you elect to include purchases made during the past 90 days toward fulfillment of your Letter of Intent, the 13-month period will be deemed to begin as of the date of the earliest purchase being counted toward fulfillment of your Letter of Intent. You should inform your financial intermediary or the Fund that you have a Letter of Intent each time you make an investment. A percentage of your investment will be held in escrow until the full amount covered by the Letter of Intent has been invested. If the terms of the Letter of Intent are not fulfilled by the end of the 13th month, you must pay the Distributor the difference between the sales charges applicable to the purchases at the time they were made and the reduced sales charges previously paid or the Distributor will liquidate sufficient escrowed shares to obtain the difference. Calculations made to determine whether a Letter of Intent has been fulfilled will be made on the basis of the net amount invested.

●

To take advantage of the Right of Accumulation and/or a Letter of Intent, complete the appropriate section of your account application or contact your financial intermediary. To determine if you are eligible for these programs or to request a copy of the Statement of Additional Information, call 1-800-494-2755. These programs may be terminated or amended at any time.

Waiver of the Class A Sales Charge

No sales charge is imposed on Class A shares of the Fund is the shares were:

●

Bought by certain retirement and deferred compensation plans, and trusts used to fund those plans, including, but not limited to, those qualified under Sections 401(k), 403(b) or 457 of the Internal Revenue Code and "rabbi trusts."

●

Bought by officers or directors and their immediate families (i.e., spouses, children, grandchildren, parents, grandparents and any dependent of the person, as defined in Section 512 of the Internal Revenue Code).

The Fund maintains an Internet site on which the above described sales load information is available at www.stockcarindexfund.com.

Paying for Shareholder Service

The Fund has adopted a Rule 12b-1 distribution and service plan that allows it to pay distribution and shareholder servicing fees for the sale and distribution of shares of the Fund. This plan applies to shareholders of both Class I and Class A shares. These fees are paid to the Fund’s distributor, who in turn pays all or part of the Rule 12b-1 fee to intermediaries who sell Fund shares. The Fund pays ongoing fees of up to 0.25% of average daily net assets. This will increase the cost of your investment and reduce its return.

The Adviser, not the Fund, also may pay certain financial institutions (which may include banks, brokers, securities dealers and other industry professionals), a fee for providing distribution related services and/or for performing certain administrative servicing functions for shareholders to the extent those institutions are allowed to do so by applicable statute, rule or regulation. The Adviser may from time to time purchase securities issued by financial institutions that provide such services; however, in selecting investments for the Fund, no preference will be shown for such securities.

CHECKERED FLAG

Important Information About Selling Fund Shares

If you Sell By Phone:

Neither the Fund nor its transfer agent is responsible for verifying whether a telephone sales order is genuine. We do, however, protect you with these safeguards:

●

We record telephone orders.

●

We require callers to provide specific identifying information.

●

We send written confirmation of your order within five days.

You cannot place orders by phone if you have not selected the option under the Telephone Options section of the account application.

If you sell by mail:

Send your request to the address in Buying or Selling shares by mail under CONTACTING THE PIT.

If you sell by wire:

A $15 fee will be charged for all outbound wire transfers.

Information Required on all Sale Requests:

●

Include your account number, your account name and your Social Security or taxpayer identification number with your sales request.

●

State either the number of shares you wish to sell or the amount you wish to receive from the sale.

●

We require a signature guarantee for sales of Fund shares totaling $10,000 or more. You can obtain a signature guarantee from most financial institutions, such as banks, broker/dealers, credit unions and savings associations, but not from a notary public.

Calculating the Proceeds of Your Sale:

●

Requests to sell shares are processed at the share price next calculated after we receive your order in proper form.

Receiving the Proceeds from Your Sale:

●

You should receive a check for the net proceeds of your sale within seven business days. We may, however, delay payment 12 days or longer if the check you used to purchase the shares you are selling has not cleared.

●

We will mail the check for the proceeds of the sale of your shares to the address listed on your account. Under extraordinary circumstances specified by law we may temporarily suspend payment.

THE VIP TREATMENT

Special Shareholder Services

We offer an array of special services free of charge to make investing in the Fund easy.

●

Preauthorized investing lets you set up debits from your checking account for $50 or more every month to purchase mutual fund shares. You may even qualify for a waiver of the minimum on purchases made through payroll deduction or qualified retirement plans.

●

Electronic buying and selling lets you transfer money directly between your bank and Fund accounts to buy or sell as little as $50 or as much as $50,000. To take advantage of this feature, simply fill out the "Automatic Investment Program," on your account application.

TRACK RECORD

Financial Highlights

The table below provides a picture of the Fund's performance for the past five years. The total return represents the rate of return for an investor who reinvested all dividends and distributions. BBD, LLP (formerly Briggs, Bunting & Dougherty, LLP has audited the information for the fiscal years ending September 30, 2005, 2006, 2007 and 2008. The report of BBD, LLP along with the Fund's financial statements, is included in the Fund's annual report dated September 30, 2009, as amended, which is available on request by calling 1-800-494-2755.

For a Share Outstanding Through Each Year Ended September 30,

					For the Years Ended
	9/30/2009				9/30/2008		9/30/2007				9/30/2006			9/30/2005

Net Asset Value, at Beginning of Period		$ 16.51		$ 23.52				$ 22.19		$ 21.92			$ 19.60

Income From Investment Operations:
Net Investment Income		0.11	*	0.11		*		0.21	*	0.09		*	0.05 *
Net Gain (Loss) on Securities (Realized and Unrealized)		0.17		(5.78)				2.72		0.47			2.28
Total from Investment Operations		0.28		(5.67)				2.93		0.56			2.33

Distributions:
Net Investment Income		(0.11)		(0.14)				(0.25)		(0.06)			(0.01)
Realized Gains		___		(0.70)				(1.35)		(0.23)			___
Return of Capital		(0.02)		(0.50)				___		___			___
Total from Distributions		(0.13)		(1.34)				(1.60)		(0.29)			(0.01)

Redemption Fees		0.00	†	0.00		†		0.00	†	0.00		** †	0.00 **

Net Asset Value, at End of Period		$ 16.66		$ 16.51				$ 23.52		$ 22.19			$ 21.92

Total Return ***		1.95%		(25.21)%				13.58%		2.61%			11.89%

Ratios/Supplemental Data:
Net Assets at End of Period(Thousands)		$ 3,985		$ 4,190				$ 5,888		$ 5,613			$ 5,943
Before Waivers
Ratio of Expenses to Average Net Assets		3.61%		2.97%				2.42%		2.75%			2.57%
After Waivers
Ratio of Expenses to Average Net Assets		1.50%		1.50%				1.50%		1.50%			1.50%
Ratio of Net Investment Income to Average Net Assets		0.83%		0.52%				0.90%		0.41%			0.21%
Portfolio Turnover		20%		18%				15%		18%			15%

* Per share net investment income has been determined on the basis of average shares outstanding during each year.
** Amount calculated is less than $0.005.
*** Assumes reinvestment of dividends.

† Redemptions fee ceased as of February 1, 2006.

FOR MORE INFORMATION

Several additional sources of information are available to you. The Statement of Additional Information (“SAI”), incorporated into this Prospectus by reference, contains detailed information on Fund policies and operations including policies and procedures relating to the disclosure of the Fund's portfolio holdings. Annual and semi-annual reports contain management’s discussion of market conditions and investment strategies that significantly affected the Fund’s performance results as of the Fund’s latest semi-annual or annual fiscal year end.

Call the Fund at 1-800-494-2755 to request free copies of the SAI and the Fund’s annual and semi-annual reports, to request other information about the Fund and to make shareholder inquiries. The Fund maintains an Internet site from which these materials may be requested at www.stockcarindexfund.com.

You may review and copy information about the Fund (including the SAI and other reports) at the Securities and Exchange Commission (“SEC”) Public Reference Room in Washington, D.C. Call the SEC at 1-202-942-8090 for room hours and operation. You may also obtain reports and other information about the Fund on the EDGAR Database on the SEC’s Internet site at http.//www.sec.gov, and copies of this information may be obtained, after paying a duplicating fee, by electronic request at the following e-mail address: publicinfo@sec.gov or by writing the SEC’s Public Reference Section, Washington, D.C. 20549-0102.

STATEMENT OF ADDITIONAL INFORMATION

StockCar Stocks Mutual Fund, Inc.

Ticker Symbol

Class I – SCARX

Class A – [ N/A }

Class A Shares are not being offered at this time.

February [ ], 2010

This Statement of Additional Information (“SAI”) is not a prospectus. It contains additional information about the StockCar Stocks Mutual Fund, Inc. (the “Company”) and a single series of shares, the StockCar Stocks Index Fund (the “Fund”). It should be read in conjunction with the Fund’s prospectus (the “Prospectus”), dated February [ ], 2010. A free copy of the Prospectus or annual report can be obtained by writing the Company at 8000 Town Centre Drive, Suite 400, Broadview Heights, Ohio 44148 or by calling 1-800-494-2755.

TABLE OF CONTENTS

GENERAL INFORMATION

INVESTMENT RESTRICTIONS

DESCRIPTION OF SECURITIES AND INVESTMENT TECHNIQUES

PORTFOLIO TURNOVER

THE STOCKCAR STOCKS INDEX

SECURITIES TRANSACTIONS

MANAGEMENT

FUND EXPENSES

DISTRIBUTION ARRANGEMENTS

PURCHASE, REDEMPTION AND PRICING OF SHARES

INFORMATION ON CAPITALIZATION AND OTHER MATTERS

CODE OF ETHICS

PROXY VOTING SUMMARY

REVIEW OF PROXY VOTING PROCEDURES

TAXES

FINANCIAL STATEMENT

GENERAL INFORMATION

The Company was incorporated in Maryland on May 18, 1998. The Company is an open-end management investment company registered with the Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940 (the “1940 Act”). The Company is a “series” type of mutual fund which may issue separate series of shares, each of which may represent a separate portfolio of investments. The Fund offers two classes of shares. Peak Wealth Opportunities, LLC (hereinafter referred to as the “Adviser” or “Peak Wealth”) serves as the Company’s investment adviser.

On April 15, 2008, Peak Wealth and Summit Wealth Management, Inc., the Fund’s former investment adviser, completed a transaction that transferred the business relating to the management, administration, operation and distribution of the Fund to the Adviser and its affiliates.

The Company is managed by a Board of Directors which approves all significant agreements between the Company and the persons and companies that furnish services to the Company, including agreements with the Company’s custodian, transfer agent, investment adviser and administrator. The day-to-day operations of the Fund are delegated to the Adviser.

There is no assurance that the Fund will achieve its investment objectives.

INVESTMENT RESTRICTIONS

The Company has adopted the following policies relating to the investment of assets of the Fund, and its activities. These are fundamental policies and may not be changed without the approval of the holders of a “majority” of the outstanding shares of the affected Fund. Under the 1940 Act, the vote of such a “majority” means the vote of the holders of the lesser of (i) 67 percent of the shares or interests represented at a meeting at which more than 50 percent of the outstanding shares or interests are represented or (ii) more than 50 percent of the outstanding shares or interests. Except for the limitation on borrowing, any investment policy or limitation that involves a maximum percentage of securities or assets will not be considered to be violated unless the percentage limitation is exceeded immediately after, and because of, a transaction by the Fund.

The Fund may not (except as noted):

To the extent of 75% of its assets (valued at time of investment), invest more than 5% of its assets in securities of any one issuer, except in obligations of the United States Government and its agencies and instrumentalities;

Acquire securities of any one issuer that at the time of investment (a) represent more than 10% of the voting securities of the issuer or (b) have a value greater than 10% of the value of the outstanding securities of the issuer;

Borrow money except from banks for temporary or emergency purposes in amounts not exceeding 5% of the value of the Fund’s assets at the time of borrowing;

Underwrite the distribution of securities of other issuers, or acquire “restricted” securities that, in the event of a resale, might be required to be registered under the Securities Act of 1933;

Make margin purchases or short sales of securities;

Invest in companies for the purpose of management or the exercise of control;

Lend money (but this restriction shall not prevent the Fund from investing in debt securities or repurchase agreements);

Acquire or retain any security issued by a company, an officer or director of which is an officer or director of the Company or an officer, director or other affiliated person of the Adviser or Distributor;

Invest in oil, gas or other mineral exploration or development programs, or marketable securities of companies engaged in oil, gas or mineral exploration;

10.

Purchase or sell real estate loans or real estate limited partnerships, or invest in marketable securities of companies that invest in real estate or interests in real estate;

11.

Engage in the writing of put and call options, except that the Fund may write (i.e. sell) covered put and call options, and may purchase put and call options, on the equity securities of companies included in the Index and on the Index itself. The Fund may enter into these transactions so long as the value of the underlying securities on which such options contracts may be written at any one time does not exceed 100% of the net assets of the Fund, and so long as the initial margin required to enter into such contracts does not exceed ten percent (10%) of the Fund’s total net assets;

12.

Purchase warrants on securities;

13.

Issue senior securities;

14.

Invest in commodities or in commodities futures or options;

15.

Invest more than 5% of its assets (value at time of investment) in securities of issuers that are not included in the StockCar Stocks Index, except that the Fund may invest up to 25% of its average net assets in other securities for temporary liquidity purposes; or

16.

Invest more than 25% of its assets (valued at time of investment) in securities of issuers that are in the same industry.

Non-fundamental Investment Restrictions

The following restrictions are designated as non-fundamental with respect to the StockCar Stocks Index Fund and may be changed by the Company’s Board of Directors (“Board”) without shareholder approval.

The Fund may not (except as noted):

Invest more than 5% of its net assets (valued at the time of investment) in preferred stock;

Invest more than 15% of its net assets (valued at time of investment) in securities that are not readily marketable;

Acquire securities of other investment companies except (a) by purchase in the open market, where no commission or profit to a sponsor or dealer results from such purchase other than the customary broker’s commission and (b) where acquisition results from a dividend or merger, consolidation or other reorganization;

Purchase more than 3% of the voting securities of any one investment company nor invest more than 5% of the Fund’s assets (valued at time of investment) in all investment company securities purchased by the Fund;

Pledge, mortgage or hypothecate its assets, except for temporary or emergency purposes and then to an extent not greater than 5% of its total assets at cost;

Invest more than 10% of the Fund’s assets (valued at time of investment) in initial margin deposits of options or futures contracts;

Invest more than 25% of its net assets in any one or more of the following investments: cash, money market instruments, debt securities and/or repurchase agreements; or

DESCRIPTION OF SECURITIES AND INVESTMENT TECHNIQUES

Unless otherwise noted, investment policies and practices described in this SAI are not fundamental, meaning that the Company’s Board of Directors (“Board”) may change them without shareholder approval.

The Fund is a diversified Fund, meaning that the Fund limits the amount of its assets invested in any one issuer and/or in any one industry, thereby reducing the risk of loss incurred by that issuer or industry.

The Fund normally will invest at least 95% of its total net assets in the common stock of companies listed on the StockCar Stocks Index™, in approximately the same percentage as each company represents in the Index. Because the Index is itself highly diverse, the Adviser does not anticipate any diversification problems resulting from the Fund’s investment policy.

For liquidity purposes, the Fund may invest up to 5% of its net assets in other securities.

The Fund seeks growth of capital and current income by investing in the companies of the StockCar Stocks Index. The Fund aims to increase the value of your investment in two ways: through an increase in the price of the stocks the Fund invests in (that is known as growth of capital) and passing along the dividends paid by the companies that the Fund invests in (that is current income).

The primary investments of the Fund are listed in the Fund’s prospectus. The following are additional securities that the Fund may invest in; and, where necessary, a brief discussion of any risks unique to the particular security.

Common Stock

The Fund may invest in the common stock of the companies comprising the Index. The market value of common stock can fluctuate significantly, reflecting the business performance of the issuing company, investor perception and general economic or financial market movements. Smaller companies are especially sensitive to these factors. Despite the risk of price volatility, however, common stocks historically have offered the greatest potential for gain on investment, compared to other classes of financial assets. Under normal circumstances, the Fund will invest at least 95% of its net assets in the common stock of companies comprising the Index. This is a fundamental policy of the Fund, and may not be changed without a vote of the majority of the outstanding shares of the Fund.

Foreign Securities

If a foreign company is included in the Index, the Fund will invest in the common stock of that company in the form of American Depository Receipts (ADRs). ADRs typically are issued by a U.S. bank or trust company and evidence ownership of underlying securities issued by a foreign corporation. Investments in foreign securities involve greater risks compared to domestic investments. Foreign companies are not subject to the regulatory requirements of U.S. companies and, as such, there may be less publicly available information about issuers than is available in the reports and ratings published about companies in the U.S. Additionally, foreign companies are not subject to uniform accounting, auditing and financial reporting standards. Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to shareholders. There is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could affect investments of foreign issuers domiciled in such nations. Further, there is the risk of loss due to fluctuations in the value of a foreign corporation's currency relative to the U.S. dollar. Further, if a foreign issuer is a member of the Index, the Fund will be obligated to invest in such security, even through the country of the issuer's domicile might not be considered by the Adviser to be friendly or stable.

Additional Description of Securities and Investment Techniques

For liquidity purposes only, the Fund may invest up to 5% of its assets, in the aggregate, in the following securities. The Fund will not invest in such securities for temporary or defensive purposes. You should be aware that any investment in securities not included in the Index will cause the performance of the Fund to vary from that of the Index.

Other Registered Investment Companies

The Fund may invest in securities issued by other unaffiliated registered investment companies ("mutual funds") to maintain liquidity. Such mutual funds may include money market funds. An unaffiliated mutual fund means that the fund is not part of the StockCar Stocks family of funds. As a shareholder of another registered investment company, the Fund would bear its pro rata portion of that company's Advisory fees and other expenses. Such fees and expenses will be borne indirectly by the Fund's shareholders. The Fund may invest in other mutual funds to the extent that such investments do not exceed 5% of the Fund's net assets and/or 3% of any one investment company's outstanding securities.

Debt Securities

The Fund may invest in U.S. Government debt securities, including Treasury Bills and short-term notes, to maintain liquidity. U.S. Government securities include direct obligations of the U.S. Government and obligations issued by U.S. Government agencies and instrumentalities. The market value of such securities fluctuates in response to interest rates and the creditworthiness of the issuer. In the case of securities backed by the full faith and credit of the United States Government, shareholders are only exposed to interest rate risk. The Fund will not invest more that 5% of its net assets in such securities, and will not invest in any such security with a maturity in excess of one year.

Preferred Stock

The Fund may invest in the preferred stock of the companies that comprise the Index, when the Adviser believes that such investments will help the Fund achieve its investment objective of current income without substantially and negatively affecting the Fund’s investment objective of capital growth. Preferred stock generally pays dividends at a specified rate and generally has preference over common stock in the payments of dividends and the liquidation of the issuer’s assets. Dividends on preferred stock are generally payable at the discretion of the issuer’s board of directors. Accordingly, shareholders may suffer a loss of value if dividends are not paid. The market prices of preferred stocks are also sensitive to changes in interest rates and in the issuer’s creditworthiness. Accordingly, shareholders may experience a loss of value due to adverse interest rate movements or a decline in the issuer’s credit rating. Finally, preferred stock is not included in the Index, so any investment in such stock will cause the performance of the Fund to vary from that of the index. For these reasons, the Fund will not invest more than 5% of its net assets in preferred stock.

Repurchase Agreements

The Fund may invest a portion of its assets in repurchase agreements (“Repos”) with broker-dealers, banks and other financial institutions to maintain liquidity, provided that the Fund’s custodian always has possession of the securities serving as collateral for the Repos or has proper evidence of book entry receipt of said securities. In a Repo, the Fund purchases securities subject to the seller’s simultaneous agreement to repurchase those securities from the Fund at a specified time (usually one day) and price. The repurchase price reflects an agreed-upon interest rate during the time of investment. All Repos entered into by the Fund must be collateralized by U.S. Government Securities, the market values of which equal or exceed 102% of the principal amount of the money invested by the Fund. If an institution with whom the Fund has entered into a Repo enters insolvency proceedings, the resulting delay, if any, in the Fund’s ability to liquidate the securities serving as collateral could cause the Fund some loss if the securities declined in value prior to liquidation. To minimize the risk of such loss, the Fund will enter into Repos only with institutions and dealers considered creditworthy, and will not invest more than 25% of its net assets in such transactions.

Futures and Options on Equity Securities and the Index

The Fund may enter into futures contracts relating to the equity securities of companies included in the Index, may write (i.e. sell) covered put and call options on such securities and on the Index, and may purchase put and call options on such equity securities and on the Index. Such options can include long-term options with durations of up to three years. Although not normally anticipated to be widely employed, the Fund may use futures and options to increase or decrease its exposure to the effects of changes in security prices, to hedge securities held, to maintain cash reserves while remaining fully invested, to facilitate trading, to reduce transaction costs, or to seek higher investment returns when a futures or options contract is priced more attractively than the underlying security or index. The Fund may enter into these transactions so long as the value of the underlying securities on which such options or futures contracts may be written at any one time does not exceed 100% of the net assets of the Fund, and so long as the initial margin required to enter into such contract does not exceed ten percent (10%) of the Fund’s total net assets.

Risk Factors Associated with Futures and Options. The primary risks associated with the use of options and futures are: (1) imperfect correlation between a change in the value of the underlying security or index and a change in the price of the option or futures contract, and (2) the possible lack of a liquid secondary market for an options or futures contract and the resulting inability of the Fund to close out the position prior to the maturity date. The risk of imperfect correlation will be minimized by investing only in those contracts whose price fluctuations are expected to resemble those of the Fund’s underlying securities. The risk that the Fund will be unable to close out a position will be minimized by entering into such transactions only on national exchanges and over-the-counter markets with an active and liquid secondary market.

Restricted and Illiquid Securities

Illiquid securities are securities that cannot be liquidated within seven (7) days at the approximate price at which the Fund has valued the instrument. Also, the sale of some illiquid and other types of securities may be subject to legal restrictions. Because illiquid and restricted securities may present a greater risk of loss than other types of securities, due to their lack of a ready market, the Fund will not invest in such securities in excess of the limits set forth above. You should be aware that in the event that more than 15% of the Index is comprised of companies considered to be illiquid, the Fund will be unable to precisely match its investments to the percentages contained in the Index and that inability may pose additional risks to the Fund, including the risk that the performance of the Fund will vary from that of the Index.

When-Issued Securities and Delayed-Delivery Transactions

The Fund may purchase securities of companies comprising the Index on a when-issued basis, and it may purchase or sell such securities for delayed-delivery. These transactions occur when securities are purchased or sold by the Fund with payment and delivery taking place at some future date. The Fund may enter into such transactions when, in the Adviser’s opinion, doing so may secure an advantageous yield and/or price to the Fund that might otherwise be unavailable. The Fund has not established any limit on the percentage of assets it may commit to such transactions, but to minimize the risks of entering into these transactions, the Fund will maintain a segregated account with its Custodian consisting of cash, cash equivalents, U.S. Government Securities or other high-grade liquid debt securities, denominated in U.S. dollars or non-U.S. currencies, in an amount equal to the aggregate fair market value of its commitments to such transactions.

Standard and Poor’s Depository Receipts (SPDRs)

The Fund may purchase securities that represent ownership in long-term unit investment trust that holds a portfolio of common stocks designed to track the performance of the S&P 500 Index. A SPDR entitles a holder to receive proportionate quarterly cash distributions corresponding to the dividends that accrue to the S&P 500 stocks in the underlying portfolio, less trust expenses.

PORTFOLIO TURNOVER

The Fund does not have a predetermined rate of portfolio turnover since such turnover will be incidental to transactions taken with a view to achieving their respective objectives. The Fund expects that its annual portfolio turnover rate will not exceed 50% under normal conditions. However, there can be no assurance that the Fund will not exceed this rate, and the portfolio turnover rate may vary from year to year.

THE STOCKCAR STOCKS INDEX

Information on the StockCar Stocks Index (the "Index") is set forth in the prospectus. This section contains additional information concerning the Index.

The Adviser has determined that a company is a sponsor of NASCARÒ, and is therefore eligible for inclusion in the Index, only if it meets one or more of the following criteria:

(1)

PRIMARY CAR SPONSORS are those companies that are the lead sponsor for each of the approximately 40 cars that participate in the Sprint CupÒ Series. Primary Car Sponsors generally can be distinguished from other car sponsors because the Company logo will appear on the hood of the car it sponsors.

(2)

LEAD RACE SPONSORS are those companies identified each year by NASCARÒ as the lead company sponsoring one or more of the 36 annual Sprint CupÒ Series races. A list of all Lead Race Sponsors is published annually by NASCARÒ

(3)

MAJOR PRODUCT SPONSORS are those companies that provide critical and necessary products to all cars and teams that participate in the Sprint CupÒ Series. The Adviser has determined that such critical and necessary products are limited to tires, gasoline and lubricants for the teams.

A company will also qualify for inclusion in the Index if it derives revenues from NASCARÒ sanctioned racing events at the Sprint CupÒ Level. The Adviser has determined that a company derives revenue from NASCARÒ, and is therefore eligible for inclusion in the Index, only if it meets one or more of the following criteria:

(1)

It is a company that has an ownership interest in one or more of the race tracks that host the 36 annual Sprint CupÒ races.

(2)

It is a company that produces souvenirs or memorabilia for the Sprint CupÒ Series under a licensing agreement with NASCARÒ.

(3)

It is a company that broadcasts Sprint CupÒ Series races on television, radio or the Internet under an agreement with NASCARÒ.

(4)

It is a company that has negotiated “naming rights” agreements with tracks hosting Sprint CupÒ races.

There are no minimum limits on the amount or percentage of total company revenue that must be derived from one of the above-described activities to qualify a company for inclusion in the Index. However, in order to minimize the risk of liquidity problems for the Fund in purchasing such otherwise eligible companies, the Adviser has determined that a company must have at least $100 million in market capitalization in order to be included in the Index, and must maintain at least $50 million in market capitalization to stay in the Index. Additionally, companies may be removed from the Index if a major securities exchange delists the company or if a company files for bankruptcy protection.

SECURITIES TRANSACTIONS

The Adviser is responsible for decisions to buy and sell securities for the Fund, broker-dealer selection, and negotiation of brokerage commission rates. The Adviser’s primary consideration in effecting a securities transaction will be execution at the most favorable price.

In selecting a broker-dealer to execute a particular transaction, the Adviser will take the following into consideration: the best net price available, the reliability, integrity and financial condition of the broker-dealer, the size of the order and the difficulty of execution, and the size of contribution of the broker-dealer to the investment performance of the Fund on a continuing basis. Broker-dealers may be selected who provide brokerage and/or research services to the Fund and/or other accounts over which the Adviser exercises investment discretion. Such services may include furnishing advice concerning the value of securities (including providing quotations as to securities), the advisability of investing in, purchasing or selling securities, and the availability of securities or the purchasers or sellers of securities; furnishing analyses and reports concerning issuers, industries, securities, economic factors and trends, portfolio strategy and performance of accounts; and effecting securities transactions and performing functions incidental thereto, such as clearance, settlement and custody, or required in connection therewith.

The Adviser is specifically authorized to select brokers or dealers who also provide brokerage and research services to the Fund and/or the other accounts over which the Adviser exercises investment discretion, and to pay such brokers or dealers a commission in excess of the commission another broker or dealer would charge if the Adviser determines in good faith that the commission is reasonable in relation to the value of the brokerage and research services provided. The determination may be viewed in terms of a particular transaction or the Adviser's overall responsibilities with respect to the Fund and to other accounts over which it exercises investment discretion. The Adviser may not give consideration to sales of shares of the Fund as a factor in the selection of brokers and dealers to execute portfolio transactions. However, the Adviser may place portfolio transactions with brokers or dealers that promote or sell the Fund’s shares so long as such placements are made pursuant to policies approved by the Fund’s Board of Directors that are designed to ensure that the selection is based on the quality of the broker’s execution and not on its sales efforts. The Adviser also may select an affiliated broker to execute transactions for the Fund, provided that the commissions, fees or other remuneration paid to such affiliated broker are reasonable and fair as compared to that paid to non-affiliated brokers for comparable transactions.

The Adviser shall not be deemed to have acted unlawfully, or to have breached any duty created by the Fund’s Investment Advisory Agreement or otherwise, solely by reason of its having caused the Fund to pay a broker-dealer that provides brokerage and research services an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker-dealer would have charged for effecting that transaction, if the Adviser determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage and research services provided by such broker-dealer, viewed in terms of either that particular transaction or the Adviser’s overall responsibilities with respect to the Fund. The Adviser allocates orders placed by it on behalf of the Fund in such amounts and proportions as the Adviser shall determine and the Adviser will report on said allocations regularly to the Fund indicating the broker-dealers to whom such allocations have been made and the basis therefore.

The receipt of research from broker-dealers may be useful to the Adviser in rendering investment management services to the Fund and/or the Adviser’s other clients; conversely, information provided by broker-dealers who have executed transaction orders on behalf of other clients may be useful to the Adviser in carrying out its obligations to the Fund. The receipt of such research will not be substituted for the independent research of the Adviser. It does enable the Adviser to reduce costs to less than those which would have been required to develop comparable information through its own staff. The use of broker-dealers who supply research may result in the payment of higher commissions than those available from other broker-dealers who provide only the execution of portfolio transactions.

For the fiscal years ended September 30, 2007, 2008 and 2009 the following brokerage commissions were paid by the Fund:

2007	2008	2009
$1,839	$2,134	$4,2441.53

During the fiscal years ended September 30, 2007, 2008 and 2009, the Fund paid no commissions to any affiliated broker/dealer.

MANAGEMENT

Board of Directors and Officers of the Company:

The Board of Directors of the Company decides upon matters of general policy for the Company. In addition, the Board of Directors reviews the actions of the Adviser. The Company’s officers supervise the daily business operations of the Company.

The Board of Directors and officers of the Company, their affiliations, if any, with the Adviser and their principal occupations are set forth below.

Name, Address And Age¹	Position(s) Held with Fund	Term of Office* and Length of Time Served	Principal Occupation(s) During Past 5 Years	Number of Portfolios in Fund Complex Overseen by Director³	Other Directorships Held by Director
Independent Directors²
Edward R. Cofrancesco, Jr., 46	Director	Shall serve until death, resignation or removal. - Since April 15, 2008 thru Present	President/Managing Partner – International Assets Advisory, LLC, 12/2006 – Present; Partner – Telluride Partners, 12/2004 – 12/2006; International Holdings Corp., 12/2000 – 11/2004.	One	None
Gregory S. Peele, 44 ³	Director	Shall serve until death, resignation or removal. - Since April 15, 2008 thru October 14,2009	Vice President of Operations – Skanska Building, Inc. – 06/2000 – Present.	One	None
Julia A. Mold-Torres, 53⁶	Director	Shall serve until death, resignation or removal. - Since April 15, 2008	Manager – Deloitte Financial Advisory Services, LLP, 09/2004 – Present; Independent Anti-Money Laundering Consultant, 03/2002 – 09/2004; Financial Principal – Nafinsa Securities, 09/1999 – 02/2002	One	None
Officers
David Dube 10225 Ulmerton Road, Suite 3D, Largo, FL 33771 Age - 53	President	Shall serve until death resignation or removal. Since April 15, 2008	President - Peak Capital Corporation, 4/01 to present	N/A	N/A
Phil Pidgeon, 10225 Ulmerton Road, Suite 3D, Largo, FL 33771 Age - 45	Treasurer	Shall serve until death resignation or removal. Since April 15, 2008 Since – April 15, 2008	CFO - Peak Capital Corporation 05/06 – Present, Tax Manager - Mark Dickens CPA 09/00 - 04/06 (Note seasonal 2nd Job 2004 & 2005),Accounting Manager - Sten+Barr Medical Inc. 07/03 -08/05	N/A	N/A
C. Richard Ropka, Esq. 215 Fries Mill Rd. Turnersville, NJ 08012 Age - 46	Secretary	Shall serve until death resignation or removal. Since April 15, 2008Since – April 15, 2008	Attorney - Law Office of C. Richard Ropka, LLC May 1, 2008 – present, Attorney - Rabil, Ropka, Kingett and Stewart, LLC January 1, 2004 – May 1, 2008, Attorney - Rabil, Ropka, Kingett & Hatzell, LLC – January 1, 2002 – December 31, 2003	N/A	N/A
Amber Cushing 10225 Ulmerton Road, Suite 3D, Largo, FL 33771 Age – 30 ⁵	Chief Compliance Officer	Shall serve until death resignation or removal. Since April 15, 2008Since April 15, 2008 thru October 7, 2009	V.P of Legal Affairs/Compliance: Peak Securities Corporation (12/2007-Current) - Managing Director, Business Development/Legal: Premier Mortgage Funding, Inc. (06/2005 -06/2007) - Attorney Assistant: Edwin B. Kagan, P.A. (10/2003-06/2005)	N/A	N/A

¹The address of each Independent Director is c/o StockCar Stocks Mutual Fund, Inc., 10225 Ulmerton Road, Suite 3D, Largo, FL 33771.

² The current Board of Directors took office on April 15, 2008 after a shareholder vote.

³Mr. Peele resigned from the Board of Directors effective October 14, 2009.

⁴The Mutual Fund Complex consists of StockCar Stocks Mutual Funds, Inc.

⁵ Ms. Cushing resigned as the Chief Compliance Officer as of October 9, 2009.

⁶Mrs. Mold-Torres resigned from the Board of Directors effective December 31, 2009

The following table shows the dollar range of equity securities beneficially owned by each Director in the Fund as of December 31, 2009.

Name of Director	Dollar Range of Equity Securities in the Fund	Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by the Director in the Mutual Fund Complex¹
Independent Directors²
Edward R. Cofrancesco, Jr.	None	None
Gregory S. Peele³	None	None
Julia A. Mold-Torres⁴	None	None

¹The Mutual Fund Complex consists of StockCar Stocks Mutual Funds, Inc.

²The current Board of Directors took office on April 15, 2008 after a shareholder vote.

³Mr. Peele resigned from the Board of Directors effective October 14, 2009.

⁴Mrs. Mold-Torres resigned from the Board of Directors effective December 31, 2009

Each Director who is not an "interested person" of the Company receives an annual retainer fee and a fee for each Board meeting, Independent Director meeting or separate committee meeting (that is a committee meeting not conducted in conjunction with a Board meeting or Independent Director meeting) he attends. Additionally, each Director receives a fee for Board meetings and separate committee meetings attended that are conducted by telephone. The Chairman of the Board receives an additional per meeting fee for in-person Board meetings. The Company also reimburses each Independent Director of the Company for travel and out-of-pocket expenses. The Company does not have a bonus, pension, profit-sharing or retirement plan.

The following table shows the compensation of each disinterested Director for the fiscal year ending September 30, 2009.

COMPENSATION TABLE

Name of Person, Position	Aggregate Compensation From the Company	Total Compensation from Investment Companies in the Mutual Fund Complex Paid to Directors¹
Edward R. Cofrancesco, Jr.²	$-0-	$-0-
Gregory S. Peele³	$-0-	$-0-
Julia A. Mold-Torres⁴	$-0-	$-0-

¹The Mutual Fund Complex consists of StockCar Stocks Mutual Funds, Inc.

²The current Board of Directors took office on April 15, 2008 after a shareholder vote.

³Mr. Peele resigned from the Board of Directors effective October 14, 2009.

⁴Mrs. Mold-Torres resigned from the Board of Directors effective December 31, 2009

A waiver of Class A sales charges applies to purchases of shares by officers, employees and directors of the Fund, and their families.

Committees of the Board

Board Committee

Committee Members

Committee Functions

Meetings Held During Last Fiscal Year

Audit Committee

Edward R. Cofrancesco, Jr., Chairperson

Gregory S. Peele¹

Julia A. Mold-Torres²

The Audit Committee meets with the independent auditors periodically to review the results of the audits and report the results to the full Board, evaluates the independence of the auditors, and reviews legal and regulatory matters that may affect the Fund

Nominating Committee

Gregory S. Peele Chairperson¹

Julia A. Mold-Torres²

Edward R. Cofrancesco, Jr.,

The nominating committee provides assistance to the Board of Directors in the selection of candidates for election to the Board, including identifying, as necessary, new candidates who are qualified to serve as directors of the Company and recommending to the Board candidates for election to the Board of Directors.

¹ Mr. Peele resigned from the Board of Directors effective October 14, 2009.

²Mrs. Mold-Torres resigned from the Board of Directors effective December 31, 2009.

CONTROL PERSONS AND PRINCIPAL HOLDERS OF SECURITIES

Control Persons

Shareholders owning more than 25% of the shares of the Fund are considered to “control” the Fund as that term is defined under the 1940 Act. Persons controlling the Fund can determine the outcome of any proposal submitted to the shareholders for approval, including changes to the Fund’s fundamental policies or the terms of the management agreement with the Adviser.

As of December 31, 2009, no single shareholder was the record owner of more than 5% of the outstanding shares of the Fund.

Management Ownership

As of September 30, 2009, the officers and Directors owned none of the outstanding shares of the Fund.

The Adviser

Peak Wealth Opportunities, LLC, (the “Adviser”) provides investment advice and, in general, supervises the Company’s management and investment program. The Adviser, a registered investment adviser, is located at 10225 Ulmerton Road, Suite 3D, Largo, FL. The Adviser became the investment adviser to the Fund on April 15, 2008. Formed in 2007, the Adviser provides investment advisory services primarily to high net worth individuals and small institutions. The Adviser currently manages in excess of $300 million. The Fund’s current portfolio manager has joined the Adviser and will continue to manage the Fund.

The Investment Advisory Agreement, dated as of April 15, 2008, between the Adviser and the Company provides that the Adviser will not be liable for any error in judgment or mistake of law or for any loss suffered by the Fund in connection with any investment policy or the purchase, sale or redemption of any securities on the recommendations of the Adviser. The Agreement provides that the Adviser is not protected against any liability to the Fund or its security holders for which the Adviser shall otherwise be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties imposed upon it by the Agreement or the violation of any applicable law.

For its services, the Adviser receives an annual fee of 0.65% of the Fund’s average daily net assets. For the period April 15, 2008 through April 15, 2010, the Adviser and the Fund’s administrator have contractually agreed to waive fees and/or reimburse the Fund for expenses it incurs, but only to the extent necessary to maintain the Fund’s total operating expenses (excluding interest, brokerage commissions, taxes, and extraordinary expenses) at 1.50% of the Fund’s average daily net assets for that period. The Adviser and the administrator may recover any waived fees or reimbursed operating expenses within the three fiscal years following the year in which such waiver or reimbursement occurs, if the Fund is able to make the payments without exceeding the 1.50% expense limitation.

The Fund may receive credits from its custodian based on cash held by the Fund at the custodian. These credits may be used to reduce the custody fees payable by the Fund. In that case, the Adviser’s (and, other affiliates’) agreement to waive fees or reimburse expenses will be applied only after the Fund’s custody fees have been reduced or eliminated by the use of such credits.

For the fiscal years ended September 30, 2007, September 30, 2008, and September 30, 2009, the Advisor fees were $38,871, $32,720 and $21,345 respectively, for investment advisory services, all of which was waived.

The Adviser agreed to waive receipt of fees and/or pay certain expenses of the Fund to ensure that the Fund’s total annual operating expenses did not exceed 1.50% annually, as shown below.

Advisory Fees Accrued

Fiscal Year Ended

September 30

Amount Reimbursed/Waived

Fiscal Year Ended

September 30

2007

2008

2009

2007

2008

2009

$38,871

$32,720

$21,345

$54,519

$65,211

$69,161

Portfolio Manager

Robert Carter is the portfolio manager responsible for the day-to-day management of the Fund. As of September 30, 2009, he was responsible for the management of the following types of accounts in addition to the Fund:

Account Type	Number of Accounts by Account Type	Total Assets By Account Type	Number of Accounts by Type Subject to a Performance Fee	Total Assets By Account Type Subject to a Performance Fee
Registered Investment Companies	0	$0	0	$0
Other Pooled Investment Vehicles	0	$0	0	$0
Other Accounts	3	$ 875,000	0	$0

Conflicts of Interest

As indicated in the table above, Mr. Carter may manage numerous accounts for multiple clients for which the Adviser also serves as the investment manager. These accounts consist of separate accounts (i.e., accounts managed on behalf of individuals or public or private institutions). Mr. Carter makes investment decisions for each account based on the investment objectives and policies and other relevant investment considerations applicable to that specific account.

In the event that Mr. Carter has responsibility for managing more than one account, potential conflicts of interest may arise. The only material conflict of interest identified by the Adviser involves the execution of portfolio trades for clients. The Adviser uses a system for executing trades that is reasonably designed to provide fair treatment for each of its accounts. For instance, the order in which trades are placed for the Funds and other clients will alternate periodically to ensure that all clients have an opportunity to have their trades executed first.

Compensation

Mr. Carter receives a salary from the Adviser. Mr. Carter’s compensation is fixed.

The following table shows the dollar range of equity securities beneficially owned by the portfolio managers in the Funds as of September 30, 2009.

Name of Portfolio Manager	Dollar Range of Equity Securities in the Fund
Robert Carter	None

Service Providers

The Administrator. Peak Wealth Opportunities, LLC (the “Administrator”), serves as the Fund’s administrator and receives compensation from the Company pursuant to an Administration Agreement dated as of April 15, 2008. Under that agreement, the Administrator supervises the overall administration of the Fund. These administrative services include supervising the preparation and filing of all documents required for compliance by the Fund with applicable laws and regulations, supervising the maintenance of books and records, and other general and administrative responsibilities. Pursuant to an Accounting Services Agreement dated as of October 29, 2004 between the Administrator and Mutual Shareholder Services, LLC (“MSS”), the Administrator has delegated the performance of the fund accounting services to MSS. MSS is paid by the Fund.

Both the prior Fund’s Administrator, Summit Wealth Management, Inc. and the current Administrator of the Fund, Peak Wealth Opportunities, LLC, received a fee from the Fund at an annual rate of 0.40% per annum for the first $50,000,000; 0.30% for the next $25,000,000; and 0.20% in excess of $75,000,000 of the Fund's average daily net assets.

Administrative Fees Accrued

Fiscal Year Ended

September 30

Administrative Reimbursed/Waived

Fiscal Year Ended

September 30

2007¹

2008²

2009³

2007¹

2008²

2009³

$23,921

$20,135

$13,135

$54,519

$73,577

$69,161

¹ ² Summit Wealth Advisors, Inc. served as the Fund’s Administrator for the period of October 1, 2007 through April 14, 2008. Total fees incurred for such services for this period were $11,303, a portion of which were waived. The Fund’s current Investment Advisor and Administrator, Peak Wealth Opportunities, LLC, served as the Fund’s Administrator during the period of April 15, 2008 through fiscal year-end

³ Peak Wealth Opportunities, LLC, the fund’s current Investment Advisor, served as the Fund’s Administrator throughout fiscal year 2009

Custodian. US Bank, N.A. (“USB”), acts as custodian for the Fund. As such, USB holds all securities and cash of the Fund, delivers and receives payment for securities sold, receives and pays for securities purchased, collects income from investments and performs other duties, all as directed by officers of the Company. USB does not exercise any supervisory function over management of the Fund, the purchase and sale of securities or the payment of distributions to shareholders.

Transfer Agency Services. MSS acts as transfer, dividend disbursing, and shareholder servicing agent for the Fund pursuant to a written agreement with the Company and MSS, dated as of October 29, 2004. Under the agreement, MSS is responsible for administering and performing transfer agent functions, dividend distribution, shareholder administration, and maintaining necessary records in accordance with applicable rules and regulations.

For the services to be rendered as transfer agent, the Fund pays MSS an annual fee, paid monthly, as determined by valuations made as of the close of each business day of the month. For the fiscal year ended September 30, 2007, MSS earned $8,682 for these services. For the fiscal year ended September 30, 2008, MSS earned $5,917 for these services. For the fiscal year ended September 30, 2009, MSS earned $4,153 for these services

Independent Registered Public Accounting Firm.

BBD, LLP, located at 1835 Market Street, 26^th Floor, Philadelphia, PA 19103, serves as the Fund's independent registered public accounting firm. BBD, LLP audited the Fund's financial statements for the fiscal year ended September 30, 2009 and has been selected to serve in that capacity again for the Fund's fiscal year ending September 30, 2010.

FUND EXPENSES

The Fund pays its own expenses including, without limitation: (i) organizational and offering expenses of the Fund and expenses incurred in connection with the issuance of shares of the Fund; (ii) fees of its custodian and transfer agent; (iii) expenditures in connection with meetings of shareholders and Directors; (iv) compensation and expenses of Directors who are not interested persons of the Company; (v) the costs of any liability, uncollectible items of deposit and other insurance or fidelity bond; (vi) the cost of preparing, printing, and distributing prospectuses and statements of additional information, any supplements thereto, proxy statements, and reports for existing shareholders; (vii) legal, auditing, and accounting fees; (viii) trade association dues; (ix) filing fees and expenses of registering and maintaining registration of shares of the Fund under applicable federal and state securities laws; (x) brokerage commissions; (xi) taxes and governmental fees; and (xii) extraordinary and non-recurring expenses.

DISTRIBUTION ARRANGEMENTS

The Fund distributes its shares directly through its transfer agent, Mutual Shareholders Services, Inc. and has done so since November 1, 2004. Prior to October 29, 2004, Conseco Equity Sales, Inc. (the “Former Distributor") served as the principal underwriter for the Fund pursuant to an Underwriting Agreement dated April 28, 2000. The Former Distributor was a registered broker-dealer and member of the National Association of Securities Dealers, Inc. ("NASD"). Subject to the compensation arrangement discussed below, the Former Distributor bore all the expenses of providing services pursuant to the Underwriting Agreement, including the payment of the expenses relating to the distribution of Prospectuses for sales purposes and any advertising or sales literature. The Underwriting Agreement was terminated on October 29, 2004. The Former Distributor was not obligated to sell any shares. The Fund has not engaged a distributor by which fees can be collected. Accordingly, no payments were made and no amounts accrued under the plan for the year ended September 30, 2009.

Distribution and Service Plan

As noted in the Fund’s Prospectus, the Fund has adopted a plan pursuant to Rule 12b-1 under the 1940 Act and the requirements of the applicable rules of the FINRA regarding asset-based sales charges (the “Plan”).

Pursuant to the Plan, the Fund may compensate its underwriter for its expenditures in financing any activity primarily intended to result in the sale of the Fund shares and for maintenance and personal service provided to existing shareholders. The Plan authorizes payments of up to 0.25% per annum of its average daily net assets to the Adviser, its underwriter, and others, for providing personal service and/or maintaining shareholder accounts relating to the distribution of the Fund’s shares. The fees are paid on a monthly basis, based on the Fund’s average daily net assets.

Pursuant to the Plan, the underwriter is paid a monthly fee equal to 0.25% per annum of average net assets for expenses incurred in the distribution and promotion of the Fund’s shares, including but not limited to, printing of the prospectuses and reports used for sales purposes, preparation and distribution-related expenses as well as any distribution or service fees paid to securities dealers or others who have executed a dealer agreement with the underwriter. You should be aware that it is possible that Plan accruals will exceed the actual expenditures by the underwriter for eligible services. Accordingly, such fees are not strictly tied to the provision of such services.

The Plan has been approved by the Funds’ Board of Directors, including all the Independent Directors as defined in the 1940 Act, and by the shareholders of the Fund. The Plan must be renewed annually by the Board of Directors, including a majority of the Independent Directors of the Fund and who have no direct or indirect financial interest in the operation of the Plans. The votes must be cast in person at a meeting called for that purpose. It is also required that the selection and nomination of such Directors be done by the Independent Directors.

The Plan and any related agreement may not be amended to increase materially the amounts to be spent or distribution expenses without approval by a majority of the Fund’s outstanding shares, and all material amendments to the Plans or any related agreements shall be approved by a vote of the Independent Directors, cast in person at a meeting called for the purpose of voting on any such amendment.

The Adviser is required to report in writing to the Board of Directors of the Fund, at least quarterly, on the amounts and purpose of any payment made under the Plan, as well as to furnish the Board with such other information as may reasonably be requested in order to enable the Board to make an informed determination of whether the Plan should be continued.

For the fiscal years ended September 30, 2006, 2007 and 2008, the total amounts paid by the Fund are summarized below.

Class	2006	2007	2008
Class I Shares	$-0-	$0	$-0-

PURCHASE, REDEMPTION AND PRICING OF SHARES

Share Prices and Net Asset Value

The Fund’s shares are bought or sold, generally through retirement plans, broker/dealers or directly at a price that is the Fund’s net asset value (NAV) per share. The NAV per share is determined as of the close of regular trading on the New York Stock Exchange (normally 4:00 p.m. Eastern Time) on each business day by dividing the value of the Fund's net assets by the number of shares outstanding.

The assets of the Fund are valued as follows: Equity securities generally are valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser believes such prices accurately reflect the fair market value of such securities. Securities that are traded on stock exchanges or on the NASDAQ over-the-counter market are generally valued by the pricing service at the last quoted sale price as of the close of business on the day the securities are being valued or, lacking any sales, at the last bid price. Fund securities which are traded both in the over-the-counter market and on a stock exchange are valued according to the broadest and most representative market, and it is expected that for debt securities this ordinarily will be the over-the-counter market. Securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith by or under the direction of the Board. Foreign securities are valued on the basis of quotations from the primary market in which they are traded, and are translated from the local currency into U.S. dollars using current exchange rates. Debt securities with maturities of sixty (60) days or less may be valued at amortized cost.

INFORMATION ON CAPITALIZATION AND OTHER MATTERS

The fund includes two classes of capital stock: Class I and Class A.

The following information applies to both classes:

Shareholders of the Fund are entitled: (i) to one vote per full share; (ii) to such distributions as may be declared by the Company’s Board of Directors out of funds legally available; and (iii) upon liquidation, to participate ratably in the assets available for distribution. There are no conversion or sinking fund provisions applicable to the shares, and the holders have no preemptive rights and may not cumulate their votes in the election of the directors. The shares are redeemable and are fully transferable. All shares issued and sold by the Fund will be fully paid and nonassessable.

The Company will call a meeting of shareholders for the purpose of voting upon the question of removal of a director or directors when required in writing to do so by record holders of at least 10% of the Fund’s outstanding common shares. The Corporation’s by-laws contain procedures for the removal of directors by its shareholders. At any meeting of shareholders, duly called and at which a quorum is present, the shareholders may by the affirmative vote of the holders of a majority of the votes entitled to be cast thereon, remove any director of directors from office and may elect a successor or successors to fill any resulting vacancies for the unexpired terms of the removed directors.

Each issued and outstanding share of the Fund is entitled to participate equally in dividends and other distributions of the respective class of the Fund and, upon liquidation or dissolution, in the net assets of that class remaining after satisfaction of outstanding liabilities. The shares of the Fund have no preference, preemptive or similar rights, and are freely transferable.

The Amended and Restated Articles of Incorporation provide that the Directors will not be liable for errors of judgment or mistakes of fact or law, but nothing in the Articles of Incorporation protects a Director against any liability to which he would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his office.

CODE OF ETHICS

Pursuant to the requirements of rule 17j-1 under the Investment Company Act of 1940 and in order to protect against certain unlawful acts, practices and courses of business by certain individuals or entities related to the Fund, the Company and the Adviser have adopted a Code of Ethics and procedures for implementing the provisions of the Code. The personnel of the Company and the Adviser are subject to the code of ethics when investing in securities that may be purchased, sold or held by the Fund.

DISCLOSURE OF PORTFOLIO HOLDINGS

The Fund is required to include a schedule of portfolio holdings in its annual and semi-annual reports to shareholders, which is sent to shareholders within 60 days of the end of the second and fourth fiscal quarters and which is filed with the Securities and Exchange Commission (the “SEC”) on Form N-CSR within 70 days of the end of the second and fourth fiscal quarters. The Fund also is required to file a schedule of portfolio holdings with the SEC on Form N-Q within 60 days of the end of the first and third fiscal quarters. The Fund must provide a copy of the complete schedule of portfolio holdings as filed with the SEC to any shareholder of the Fund, upon request, free of charge. This policy is applied uniformly to all shareholders of the Fund without regard to the type of requesting shareholder (i.e., regardless of whether the shareholder is an individual or institutional investor). Additionally, the Fund has ongoing arrangements to release portfolio holdings to Lipper, Inc., Morningstar, Standard & Poor's and Bloomberg. Portfolio holdings will be supplied no more often than quarterly and only after the Fund has filed a Form N-CSR or Form N-Q with the SEC. The Fund also will post its complete portfolio holdings on its website (if the website is operational) within approximately 30 days after the end of the month. The information will remain posted on the website until replaced by the information for the succeeding month.

Pursuant to policies and procedures adopted by the Board of Directors, the Fund has ongoing arrangements to release portfolio holdings information on a daily basis to the Adviser, Transfer Agent, Fund Accounting Agent, Administrator and Custodian and on an as needed basis to other third parties providing services to the Fund. The Adviser, Transfer Agent, Fund Accounting Agent, Administrator and Custodian receive portfolio holdings information on a daily basis in order to carry out the essential operations of the Fund. The Fund discloses portfolio holdings to auditors, legal counsel, proxy voting services (if applicable), printers, pricing services, parties to merger and reorganization agreements and their agents, and prospective or newly hired investment advisers or sub-advisers as needed to provide services to the Fund. The lag between the date of the information and the date on which the information is disclosed will vary based on the identity of the party to whom the information is disclosed. For instance, the information may be provided to auditors within days of the end of an annual period, while the information may be given to legal counsel or prospective sub-advisers at any time.

The Fund, the Adviser, the Transfer Agent, the Fund Accounting Agent and the Custodian are prohibited from entering into any special or ad hoc arrangements with any persons to make available information about the Fund’s portfolio holdings without the specific approval of the Board. Any party wishing to release portfolio holdings information on an ad hoc or special basis must receive approval from the Fund’s Chief Compliance Officer and must submit any proposed arrangement to the Board, which will review such arrangement to determine whether it is (i) in the best interests of Fund shareholders, (ii) whether the information will be kept confidential (based on the factors discussed below) (iii) whether sufficient protections are in place to guard against personal trading based on the information and (iv) whether the disclosure presents a conflict of interest between the interests of Fund shareholders and those of the Adviser, or any affiliated person of the Fund or the Adviser. Additionally, the Adviser, and any affiliated persons of the Adviser, is prohibited from receiving compensation or other consideration, for themselves or on behalf of the Fund, as a result of disclosing the Fund’s portfolio holdings.

Information disclosed to third parties, whether on an ongoing or ad hoc basis, is disclosed under conditions of confidentiality. “Conditions of Confidentiality” include (i) confidentiality clauses in written agreements, (ii) confidentiality implied by the nature of the relationship (e.g., attorney-client relationship), (iii) confidentiality required by fiduciary or regulatory principles (e.g., custody relationships) or (iv) understandings or expectations between the parties that the information will be kept confidential.

PROXY VOTING SUMMARY

It is the policy of the Company to delegate the authority and responsibility to vote proxies related to portfolio securities of the Fund to the Adviser. Accordingly, the Board of Directors has authorized the proxy voting policies and procedures of the Adviser (“Proxy Voting Procedures”) as the proxy voting policies and procedures that will be used by or on behalf of the Fund when exercising voting authority on behalf of the Fund.

The Adviser shall vote proxies related to portfolio securities of the Fund in the best interests of the Fund and its shareholders.

REVIEW OF PROXY VOTING PROCEDURES

The Board of Directors of the Company shall periodically review the Proxy Voting Procedures presented by the Adviser to determine the following:

The Proxy Voting Procedures promote the voting of proxies in a manner that is consistent with the best interests of the Fund and its shareholders.

The Proxy Voting Procedures provide for the voting of proxies in a manner that is consistent with the best interests of the Fund and its shareholders in situations where a proxy vote presents a conflict between the interests of the shareholders of the Fund, on the one hand, and those of the Adviser, principal underwriter, or any affiliated person of the Fund, its Adviser, or its principal underwriter, on the other.

The Adviser shall provide a written report to the Company’s Board of Directors regarding any proxy voted where a conflict of interest (as set forth above) was identified, except in circumstances where:

(i)

the Adviser and/or the Fund engaged an independent third party to provide a recommendation on how to vote such proxy;

(ii)

the Adviser caused the proxy to be voted consistent with the recommendation of the independent third party; and

(iii)

the instructions to the independent third party with respect to the proxy voted were consistent with the standard set forth in Section II above.

The Adviser shall provide such report at the next regularly scheduled meeting of the Board and shall notify the Board promptly of any material change to its Proxy Voting Procedures.

Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30^th is available without charge, on request, by calling the Fund at 1-800-494-2755 and on the SEC’s Internet site at http://www.sec.gov.

TAXES

General

To qualify or continue to qualify for treatment as a regulated investment company (“RIC”) under the Internal Revenue Code of 1986, as amended ("Code"), the Fund -- which is treated as a separate corporation for these purposes -- must distribute to its shareholders for each taxable year at least 90% of its investment company taxable income (consisting generally of net investment income, net short-term capital gain and net gains from certain foreign currency transactions) ("Distribution Requirement") and must meet several additional requirements. These requirements include the following: (1) the Fund must derive at least 90% of its gross income each taxable year from dividends, interest, payments with respect to securities loans and gains from the sale or other disposition of securities or foreign currencies, or other income (including gains from options, futures or forward contracts) derived with respect to its business of investing in securities or those currencies ("Income Requirement"); and (2) at the close of each quarter of the Fund’s taxable year, (i) at least 50% of the value of its total assets must be represented by cash and cash items, U.S. Government securities, securities of other RICs and other securities limited, in respect of any one issuer, to an amount that does not exceed 5% of the value of the Fund’s total assets and that does not represent more than 10% of the issuer’s outstanding voting securities, and (ii) not more than 25% of the value of its total assets may be invested in securities (other than U.S. Government securities or the securities of other RICs) of any one issuer.

If Fund shares are sold at a loss after being held for six months or less, the loss will be treated as long-term, instead of short-term, capital loss to the extent of any capital gain distributions received on those shares.

Distributions, if any, in excess of the Fund’s current or accumulated earnings and profits, as computed for federal income tax purposes, will constitute a return of capital, which first will reduce a shareholder’s tax basis in the Fund’s shares and then (after such basis is reduced to zero) generally will give rise to capital gains. Under the Taxpayer Relief Act of 1997 (“Tax Act”), different maximum tax rates apply to a non-corporate taxpayer’s net capital gain (the excess of net long-term capital gain over net short-term capital loss) depending on the taxpayer’s holding period and marginal rate of federal income tax -- generally, 15%.

Shareholders electing to receive distributions in the form of additional shares will have a cost basis for federal income tax purposes in each share so received equal to the amount of cash they would have received had they elected to receive the distributions in cash, divided by the number of shares received.

At the time of an investor’s purchase of shares of the Fund, a portion of the purchase price is often attributable to unrealized appreciation in the Fund’s portfolio or undistributed taxable income. Consequently, subsequent distributions from that appreciation (when realized) or income may be taxable to the investor even if the net asset value of the investor’s shares is, as a result of the distributions, reduced below the investor’s cost for the shares and the distributions in reality represent a return of a portion of the purchase price.

The Fund will be subject to a nondeductible 4% federal excise tax (“Excise Tax”) on certain amounts not distributed (and not treated as having been distributed) on a timely basis in accordance with annual minimum distribution requirements. The Fund intends under normal circumstances to avoid liability for such tax by satisfying those distribution requirements.

FINANCIAL STATEMENTS

The financial statements and independent auditor's report required to be included in this SAI are hereby incorporated by reference to the Fund's Annual Report to the shareholders for the period ended September 30, 2009, as amended. The Fund will provide the Annual Report without charge upon written request or request by telephone.

PART C: OTHER INFORMATION

ITEM 28 - Exhibits.

(a)

Articles of Incorporation:

(i)

Articles of Incorporation are incorporated herein by reference to Exhibit No. 1 to Pre-Effective Amendment No. 2 to the Registration Statement on Form N-1A (File No. 333-53683) filed on September 2, 1998;

(ii)

Amended and Restated Articles of Incorporation are incorporated herein by reference to Post-Effective Amendment No. 5 to the Registration Statement on Form N-1A, (File No. 333-53683) filed on May 12, 2000;

(iii) Second Amended and Restated Articles of Incorporation are incorporated herein by reference to Exhibit 23(a)(iii) to Post-Effective Amendment No. 10 to the Registration Statement on Form N-1A (File No. 333-53683) filed on December 2, 2004.

(b)

Bylaws are incorporated herein by reference to Exhibit No. 2 to Pre-Effective Amendment No. 2 to the Registration Statement on Form N-1 (File No. 333-53683) filed on September 2, 1998.

(c)

Instruments Defining Rights of Security Holders — Not Applicable.

(d)

Investment Advisory Agreement between StockCar Stocks Mutual Fund, Inc. and Peak Wealth Opportunities, LLC is incorporated herein by reference to Exhibit 23(d) to Post-Effective Amendment No. 16 to the Registration Statement on Form N-1A (File No. 333-53683) filed on February 5, 2009.

(e)

Underwriting Contracts - None

(f)

Bonus or Profit Sharing Contracts — Not Applicable.

(g)

Custodian Agreements between StockCar Stocks Mutual Fund, Inc. and U.S. Bank, N.A. dated as of May 13, 2008 is incorporated herein by reference to Exhibit 23(g) to Post-Effective Amendment No. 16 to the Registration Statement on Form N-1A (File No. 333-53683) filed on February 5, 2009.

(h)

Other Material Contracts

(i)

Administration Agreement between StockCar Stocks Mutual Fund, Inc. and Peak Wealth Opportunities, LLC is incorporated herein by reference to Exhibit 23(h)(i) to Post-Effective Amendment No. 16 to the Registration Statement on Form N-1A (File No. 333-53683) filed on February 5, 2009.

(ii)

Transfer Agent Servicing Agreement between StockCar Stocks Mutual Fund, Inc. and Mutual Shareholder Services, LLC is incorporated herein by reference to Exhibit 23(h)(ii) Post-Effective Amendment No. 10 to the Registration Statement on Form N-1A (File No. 333-53683) filed on December 2, 2004.

(i) Opinion and Consent

(i) Opinion of Law Office of C. Richard Ropka, L.L.C. dated January 28, 2010 filed herewith as Exhibit i(i).

(ii) Consent of Law Office of C. Richard Ropka, L.L.C. dated January 28, 2010 filed herewith as Exhibit i(ii).

(j)

Consent of BBD, LLP independent registered public accountants. .

ii)

Power of Attorney of Ed Cofrancesco is filed herewith and attached hereto as Exhibit J(ii).

iii)

Power of Attorney of Phillip Pidgeon is filed herewith and attached hereto as Exhibit J(iii).

(k)

Omitted Financial Statements — Not Applicable.

(l)

Initial Capital Agreements — Not Applicable.

(m)

Rule 12b-1 Plan is incorporated by reference to Exhibit 23(m) Post-Effective Amendment No. 13 to the Registration Statement on Form N-1A (File No. 333-53683) filed on December 14, 2006.

(n)

Rule 18f-3 Plan is incorporated by reference to Exhibit 23(n) Post-Effective Amendment No. 13 to the Registration Statement on Form N-1A (File No. 333-53683) filed on December 14, 2006.

(o)

Reserved.

(p)

Code of Ethics.

(i)

Code of Ethics for StockCar Stocks Mutual Fund, Inc. is incorporated by reference to Exhibit 23(P.i) Post-Effective Amendment No. 13 to the Registration Statement on Form N-1A (File No. 333-53683) filed on December 14, 2006.

(ii)

Code of Business Conduct for Peak Wealth Opportunities, LLC is incorporated herein by reference to Exhibit 23(p)(ii) to Post-Effective Amendment No. 16 to the Registration Statement on Form N-1A (File No. 333-53683) filed on February 5, 2009.

(iii) Personal Securities Transactions Policy is incorporated by reference to Exhibit 23(p)(iii) to Post-Effective Amendment No. 10 to the Registration Statement on Form N-1A (File No. 333-53683) filed on December 2, 2004.

ITEM 29. Persons Controlled By or Under Common Control with Registrant

The following information concerns the principal companies that may be deemed to be controlled by or under common control with Registrant (all 100% owned unless indicated otherwise):

None.

ITEM 30. Indemnification

Section 2-418 of the General Corporation Law of Maryland authorizes the registrant to indemnify its directors and officers under specified circumstances. Section 7 of Article VII of the bylaws of the registrant (Exhibit 2 to the registration statement, which is incorporated herein by reference) provides in effect that the registrant shall provide certain indemnification to its directors and officers. In accordance with section 17(h) of the Investment Company Act, this provision of the bylaws shall not protect any person against any liability to the registrant or its shareholders to which he or she would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office.

ITEM 31. Business and Other Connections of Investment Adviser.

Peak Wealth Opportunities, LLC (the “Adviser”), a registered investment adviser located at 10225 Ulmerton Road, Suite 3D, Largo, FL 33771 is a subsidiary of Peak Capital. The Adviser became the investment adviser to the Fund on April 15, 2008. Formed in 2007, the Adviser provides investment advisory services primarily to high net worth individuals and small institutions.

The principal officers and directors of the Adviser are as follows:

Name	Position with the Adviser	Other Business Activities
David Dube	President	None
Phillip Pidgeon	Chief Financial Officer	None
Amber Cushing¹	Chief Compliance Officer	None

¹ Ms. Cushing resigned as the Chief Compliance Officer as of October 9, 2009

ITEM 32. PRINCIPAL UNDERWRITER

(a)

The Fund is it own distributor.

(b)

Information regarding commissions and other compensation received from the Fund by each principal underwriter who is not an affiliated person of the Fund or any affiliated person of an affiliated person—Not Applicable.

ITEM 33. LOCATION OF ACCOUNTS AND RECORDS

The accounts, books, or other documents required to be maintained by the Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the rules promulgated there under are in the possession of the Adviser, Peak Wealth Opportunities, LLC, 10225 Ulmerton Road, Suite 3D, Largo, FL, the Fund’s Accountant, Mutual Shareholder Services, LLC, 8000 Towne Centre Drive, Suite 400, Broadview Heights, OH 44148, and the Fund’s Custodian, U.S. Bank, N.A., 425 Walnut Street, Cincinnati, OH 45202.

ITEM 34. MANAGEMENT SERVICES

None.

ITEM 35. UNDERTAKINGS

None.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, StockCar Stocks Mutual Fund, Inc., has duly caused this Post-Effective Amendment No. 22 to be signed on its behalf by the undersigned, thereto duly authorized, in the city of Largo, of the State of Florida, on the 28^th day of January, 2010.

STOCKCAR STOCKS MUTUAL FUND, INC.

By: /s/ David Dube

David Dube

President

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 18 to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signature	Title	Date
/s/ David Dube	President	January 28, 2010
David Dube

/s/ Edward R. Cofrancesco, Jr.	Director	January 28, 2010
Edward R. Cofrancesco, Jr.*

/s/ Phillip Pidgeon Phillip Pidgeon*	Treasurer	January 28, 2010

*By:/s/ David Dube
David Dube
Attorney-In-Fact

EXHIBIT INDEX

Opinion of Counsel

EX.-99.28.i.(i)

Consent of Counsel

EX.99.28.i.(ii)

Consent of Accountants

EX-99.28.j.(i)

Powers of Attorney

EX-99.28.j.(ii)-(iii)