Endowment Funds - Portfolio Annualized Returns For periods ended June 30, 2005

	1 year ended June 2005	3 years ended June 2005	5 years ended June 2005	10 years ended June 2005
Balanced Pool	9.6	10.2	2.9	9.6
Hybrid Index	11.0	10.7	2.3	8.4

Domestic Equity (total)	7.5	9.7	0.2	10.9
Domestic Equity Benchmark	8.1	9.5	(1.4)	10.1
Alliance Capital	4.4	5.1	(6.9)	11.9
AllianceBernstein	10.7	11.0	11.1	N/A
American Century*	N/A	N/A	N/A	N/A
Artisan Partners	11.1	N/A	N/A	N/A
EARNEST Partners*	N/A	N/A	N/A	N/A
TCW Asset	3.6	13.8	N/A	N/A

International Equity (total)	9.2	10.5	(2.4)	8.1
International Equity Benchmark	14.1	12.5	(0.2)	5.6
Capital Guardian	10.1	11.0	(1.5)	10.2
TT International	7.0	9.5	N/A	N/A

Emerging Markets Equity (total)	33.0	23.9	6.9	N/A
Emerging Markets Benchmark	35.9	25.7	9.5	5.6
Capital Guardian	34.3	22.6	4.2	N/A
Templeton Investment	31.7	25.2	10.0	N/A

Alternatives: Hedge Funds (total)	(1.6)	N/A	N/A	N/A
Alternatives: Hedge Funds Benchmark	7.1	6.6	7.8	N/A
DKR Capital	(5.2)	N/A	N/A	N/A
Ramius Capital	1.9	N/A	N/A	N/A

Alternatives: Private Equity (total)	N/A	N/A	N/A	N/A
Alternatives: Private Equity Benchmark	N/A	N/A	N/A	N/A
Vectis Life Sciences Fund I **	N/A	N/A	N/A	N/A

Real Estate (total)	14.5	9.4	9.7	N/A
Real Estate Benchmark	15.5	10.7	10.1	11.0
RREEF America II	14.9	11.3	10.1	N/A
TA Realty Associates Fund III	0.0	(5.7)	1.2	N/A
TA Realty Associates Fund IV	21.3	6.6	10.6	N/A
TA Realty Associates Fund V	15.2	10.4	N/A	N/A

Global Fixed Income (total)	8.5	7.9	7.7	5.8
Global Fixed Income Benchmark	8.2	7.2	6.7	6.3
Capital Guardian	7.8	9.6	8.2	6.0
Pacific Investment	9.3	6.0	7.2	N/A

Fixed Income Pool	4.8	5.3	7.1	N/A
University of Missouri	4.8	5.3	7.1	N/A
Fixed Income Pool Benchmark	7.3	6.4	7.7	6.9

Consumer Price Index	2.5	2.6	2.4	2.5

* Manager hired second quarter 2005.

** Vectis initial funding fourth quarter 2004.

Reviewed 2011-02-22.