Endowment Funds - Portfolio Annualized Returns For periods ended June 30, 2003

	1 year ended June 2003	3 years ended June 2003	5 years ended June 2003
Balanced Pool	4.1 %	(3.5)%	3.0 %
Hybrid Index	3.2	(5.1)	1.5
Domestic Equity (total)	1.1	(8.2)	0.5
Alliance Capital	(0.1)	(15.6)	0.3
AllianceBernstein	1.9	8.1	3.2
Fidelity Management	(0.7)	(11.3)	(0.9)
PIMCO Equity- (small, cap)	4.7	(13.8)	N/A
TCW Asset- (small, mid cap)	3.5	N/A	N/A
Domestic Equity Benchmark	0.8	(10.5)	1.1
International Equity (total)	(3.2)	(14.1)	(1.2)
Capital Guardian	(3.7)	(13.2)	2.1
TT International	(2.5)	N/A	N/A
International Equity Benchmark	(6.1)	(13.2)	(3.7)
Emerging Markets Equity (total)	8.3	(7.3)	2.8
Capital Guardian	7.1	(10.6)	1.9
Templeton Investment	9.4	(3.5)	3.5
Emerging Markets Benchmark	8.2	(4.9)	3.9
Alternative Investments (total)	N/A	N/A	N/A
DKR Capital *	N/A	N/A	N/A
Ramius Capital *	N/A	N/A	N/A
Alternative Investments Benchmark	N/A	N/A	N/A
Real Estate (total)	8.0	9.4	9.0
RREEF America II	9.8	8.8	7.1
TA Realty Associates Fund III	4.9	9.9	11.7
TA Realty Associates Fund IV	(2.1)	10.1	11.3
TA Realty Associates Fund V	9.2	N/A	N/A
Real Estate Benchmark	7.1	8.5	10.2
Global Fixed Income (total)	12.5	9.1	6.9
Capital Guardian	16.7	9.5	6.5
Pacific Investment	8.2	8.7	7.4
Global Fixed Income Benchmark	11.7	7.8	6.5

Fixed Income Pool	11.4	10.4	7.8 ^
University of Missouri	11.4	10.4	N/A
Fixed Income Pool Benchmark	13.2	10.8	7.8
Consumer Price Index	2.1	2.1	2.4

* Manager hired fourth quarter 2002. ^ Includes returns of partial periods for Boatman's.

Reviewed 2011-02-22.