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i can suggest you a different plan if you want...

errr
i must say apping is a long process
& GMAT is the first step.

you said you re doing MCom ...so, that means you are actually studying these days///?

is it so urgent? i mean do you really want to make it on class2009 (ie for fall 2007 admit.?)

if yes: then you have to hurry

if no: then i can suggest a better plan.

anyways
its up to you ...

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try to get at least a first class 60%+ in your Masters.

as for rolling ....goes.
Some schools consider applications on a rolling basis and some do not.

for example: Columbia's rolling sytem...Wharton has not.
Wharton will start reviewing apps only when the deadline is over whereas Columbia has started reviewing applications from Aug 16 even though the deadline is Oct 12, 2006.

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hey! take it easy!

i deliberately, did not discuss about GPA issue.

In short: i meant: DONT BOTHER.

OK.
most of the time ( as i know...??___)
b-schools accept your score as it is, if you tell them 'your under-grad college dd not used the GPA method for errr grading students.
they will accept your percentage marks or whatever scoring system you have as it is.

& if they dont , if they are reluctant, then i think they hire scoring experts (they call it "credential evaluating company" to convert your percentage marks into the numbers they want (ie GPA...)

some of them have formula..
some survey your college grading style (the rogour /strictness et al)
some go with relative grading system..


errr
it goes complex & the bottle line is you better dont bother about that ....let bschool do the stats.

& even now you are not convinced :
then
Ok i ll throw some random figure :say 2.8 is your GPA.
tell me what you are going to do with that?

they are just numbers

if you still need a good reply then
here it goes:

go for relative grading system:
where did you stand in you class?

eg>
a) 13th among class of 60
b) topper scored 72% & mine was 55%
these kinds of data may help you to know where you stand. & hence whats your GPA d be.

I HOPE THAT HELPS.

_________________
Getting started @BTG?
Beginner's Guide to GMAT | Beating GMAT & beyond
Please do not PM me, (not active anymore) contact Eric.