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

	1 year ended Sept. 2003	3 years ended Sept. 2003	5 years ended Sept. 2003	10 years ended Sept. 2003
Balanced Pool	20.7 %	(1.3)%	5.4 %	8.8 %
Hybrid Index	21.6	(3.2)	3.9	7.6
Domestic Equity (total)	27.1	(6.6)	3.7	10.3
Alliance Capital	16.7	(13.3)	2.4	13.0
AllianceBernstein	29.5	7.7	5.2	N/A
Fidelity Management	22.1	(10.4)	2.0	N/A
PIMCO Equity- (small, cap)	51.6	(11.4)	N/A	N/A
TCW Asset- (small, mid cap)	51.1	N/A	N/A	N/A
Domestic Equity Benchmark	25.9	(9.7)	1.9	9.7
International Equity (total)	29.9	(8.9)	3.6	6.5
Capital Guardian	32.3	(7.3)	7.4	8.6
TT International	25.4	(12.0)	N/A	N/A
International Equity Benchmark	26.5	(8.4)	0.9	3.2
Emerging Markets Equity (total)	44.0	1.5	10.2	N/A
Capital Guardian	47.4	(1.3)	9.7	N/A
Templeton Investment	40.7	4.7	10.5	N/A
Emerging Markets Benchmark	46.5	4.1	12.0	1.7
Alternative Investments (total)	N/A	N/A	N/A	N/A
DKR Capital *	N/A	N/A	N/A	N/A
Ramius Capital *	N/A	N/A	N/A	N/A
Alternative Investments Benchmark	N/A	N/A	N/A	N/A
Real Estate (total)	8.1	8.9	8.8	N/A
RREEF America II	8.8	8.9	7.6	N/A
TA Realty Associates Fund III	0.6	5.7	9.0	N/A
TA Realty Associates Fund IV	8.5	10.2	11.5	N/A
TA Realty Associates Fund V	9.0	N/A	N/A	N/A
Real Estate Benchmark	7.6	8.2	9.8	9.6
Global Fixed Income (total)	8.9	9.2	5.9	N/A
Capital Guardian	13.7	10.5	5.5	N/A
Pacific Investment	4.2	7.8	6.2	N/A
Global Fixed Income Benchmark	7.9	8.0	5.2	6.7

Fixed Income Pool	5.3	9.3	6.7 ^	N/A
University of Missouri	5.3	9.3	N/A	N/A
Fixed Income Pool Benchmark	6.5	9.6	6.7	7.0
Consumer Price Index	2.3	2.2	2.5	2.5

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

Reviewed 2011-02-22.