Endowment Funds - Portfolio Annualized Returns For periods ended December 31, 2003

	1 year ended Dec. 2003	3 years ended Dec. 2003	5 years ended Dec. 2003	10 years ended Dec. 2003
Balanced Pool	25.7 %	2.8%	4.6 %	9.6 %
Hybrid Index	26.3	1.4	3.0	8.4
Domestic Equity (total)	31.5	(1.6)	1.8	11.3
Domestic Equity Benchmark	31.1	(3.1)	0.4	10.8
Alliance Capital	22.6	(8.1)	(0.9)	13.6
AllianceBernstein	31.9	7.0	5.2	N/A
Artisan Partners *	N/A	N/A	N/A	N/A
Fidelity Management	27.7	(4.0)	(0.1)	N/A
TCW Asset- (small, mid cap)	51.2	N/A	N/A	N/A
International Equity (total)	37.3	(2.5)	3.1	7.6
International Equity Benchmark	39.2	(2.6)	0.3	4.8
Capital Guardian	38.5	(0.3)	6.9	9.7
TT International	35.2	(6.4)	N/A	N/A
Emerging Markets Equity (total)	52.7	11.8	9.9	N/A
Emerging Markets Benchmark	57.1	15.4	11.9	0.3
Capital Guardian	51.5	9.6	10.1	N/A
Templeton Investment	53.8	14.2	9.6	N/A
Alternative Investments (total)	9.2	N/A	N/A	N/A
Alternative Investments Benchmark	6.2	N/A	N/A	N/A
DKR Capital	9.5	N/A	N/A	N/A
Ramius Capital	8.9	N/A	N/A	N/A
Real Estate (total)	11.4	10.2	9.7	N/A
Real Estate Benchmark	7.8	7.9	9.5	9.7
RREEF America II	8.4	8.9	7.9	N/A
TA Realty Associates Fund III	21.5	14.4	14.2	N/A
TA Realty Associates Fund IV	24.0	15.1	14.2	N/A
TA Realty Associates Fund V	10.1	9.6	N/A	N/A
Global Fixed Income (total)	8.3	8.2	6.1	N/A
Global Fixed Income Benchmark	7.1	7.2	5.2	6.7
Capital Guardian	14.0	10.1	6.0	N/A
Pacific Investment	2.4	6.1	6.2	N/A

Fixed Income Pool	3.9	7.8	6.6 ^	N/A
University of Missouri	3.9	7.8	N/A	N/A
Fixed Income Pool Benchmark	4.7	8.0	6.7	7.0
Consumer Price Index	1.9	1.9	2.4	2.4

* Manager hired fourth quarter 2003, replacing PIMCO Equity Advisors. ^ Includes returns of partial periods for Boatmen's.

Reviewed 2011-02-22.