September 30, 2005 Asset Allocation ($ thousands)

Endowment Fund (Balanced Pool) ^{(1) (2)}

		Asset Allocation
Sector		U.S.	Int'l	Total	%
Equity	Alliance Capital	$88,173	$1,882	$90,055	12.3%
	AllianceBernstein	59,578	2,691	62,269	8.5%
	American Century	56,977	2,939	59,916	8.2%
	Artisan Partners	38,520	0	38,520	5.3%
	EARNEST Partners	61,042	0	61,042	8.3%
	TCW Asset Mgmt	32,427	0	32,427	4.4%
	Capital Guardian- Int'l	0	98,898	98,898	13.5%
	JP Morgan	0	49,715	49,715	6.8%
	Cap Guardian- Emerg	0	27,984	27,984	3.8%
	Templeton Inv- Emerg	0	28,566	28,566	3.9%
	Total	$336,717	$212,675	$549,392
	%	45.9%	29.0%	74.9%
	Target Range	37.5 - 47.5%	15 - 35%	52.5 - 82.5%
Alternatives: Hedge Fds	DKR Capital			7,302	1.0%
	Ramius Capital			7,586	1.0%
	Total			$14,888
	%			2.0%
	Target Range			0 - 5%
Alternatives: Private Eq	Quadrangle Cap II			91	0.0%
	Vectis Life Sci I			319	0.0%
	Total			$410
	%			0.1%
	Target Range			0 - 5%
Real Estate	RREEF America II			25,826	3.5%
	TA Realty Fund III			1,290	0.2%
	TA Realty Fund IV			1,400	0.2%
	TA Realty Fund V			12,661	1.7%
	Total			$41,177
	%			5.6%
	Target Range			0 - 10%
Fixed Income	Capital Guardian			63,035	8.6%
	Pacific Investment			64,698	8.8%
	Total			$127,733
	%			17.4%
	Target Range			17.5 - 27.5%
	Fund			$733,600	100.0%
	Gifts- to be allocated			21,717
	Total Fund			$755,317

Notes:

1. All amounts are U.S. Dollars; all amounts are market value.
2. Percentages shown are on the base of invested assets; i.e., they do not include the gift funds to be allocated.

Reviewed 2011-03-22.