Endowment Funds - Portfolio Annualized Returns For periods ended March 31, 2005

	1 year ended March 2005	3 years ended March 2005	5 years ended March 2005	10 years ended March 2005
Balanced Pool	6.9	7.7	1.8	10.1
Hybrid Index	9.1	8.1	1.5	8.9

Domestic Equity (total)	5.6	3.6	(1.6)	11.5
Domestic Equity Benchmark	7.1	3.7	(2.5)	10.8
Alliance Capital	(0.3)	(2.6)	(8.6)	12.9
AllianceBernstein	9.0	6.7	9.5	N/A
Artisan Partners	10.6	N/A	N/A	N/A
Fidelity Management	5.8	2.9	(3.9)	N/A
TCW Asset	6.9	7.5	N/A	N/A

International Equity (total)	7.2	9.5	(2.9)	8.5
International Equity Benchmark	15.5	12.1	(0.8)	5.7
Capital Guardian	8.9	10.1	(2.2)	10.7
TT International	4.2	8.4	N/A	N/A

Emerging Markets Equity (total)	16.7	18.4	3.7	N/A
Emerging Markets Benchmark	18.2	20.4	6.2	6.0
Capital Guardian	12.9	15.0	0.8	N/A
Templeton Investment	20.4	21.9	6.9	N/A

Alternatives: Hedge Funds (total)	3.8	N/A	N/A	N/A
Alternatives: Hedge Funds Benchmark	6.6	6.5	8.0	N/A
DKR Capital	4.9	N/A	N/A	N/A
Ramius Capital	2.8	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)	13.7	9.9	9.9	N/A
Real Estate Benchmark	14.5	10.0	9.9	10.9
RREEF America II	13.2	10.1	9.8	N/A
TA Realty Associates Fund III	(0.8)	3.7	6.1	N/A
TA Realty Associates Fund IV	17.7	11.0	11.3	N/A
TA Realty Associates Fund V	15.7	10.4	N/A	N/A

Global Fixed Income (total)	5.2	9.7	7.7	6.3
Global Fixed Income Benchmark	4.4	8.8	6.6	6.7
Capital Guardian	5.2	13.3	8.4	6.5
Pacific Investment	5.3	6.2	7.0	N/A

Fixed Income Pool	0.3	5.9	6.9	N/A
University of Missouri	0.3	5.9	6.9	N/A
Fixed Income Pool Benchmark	0.4	6.5	7.3	7.2

Consumer Price Index	3.1	2.6	2.5	2.5

* Vectis initial funding fourth quarter 2004.

Reviewed 2011-02-22.