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

	1 Year	3 Years	5 Years	10 Years
BALANCED POOL	16.8%	16.3%	4.7%	9.5%
Hybrid Index	16.1	17.2	3.7	8.4

Domestic Equity (total)	16.6	18.8	1.4	10.6
Domestic Equity Benchmark	14.6	18.1	(0.7)	9.5
Alliance Capital	17.2	12.9	(4.3)	11.8
AllianceBernstein	17.0	21.1	11.3	N/A
American Century *	N/A	N/A	N/A	N/A
Artisan Partners	24.5	N/A	N/A	N/A
EARNEST Partners *	N/A	N/A	N/A	N/A
TCW Asset	17.6	26.5	N/A	N/A

International Equity (total)	24.4	22.9	1.5	8.4
International Equity Benchmark	26.3	25.1	3.5	6.2
Capital Guardian	25.3	24.5	3.0	10.7
JP Morgan *	N/A	N/A	N/A	N/A

Emerging Markets Equity (total)	42.4	36.8	13.2	N/A
Emerging Markets Benchmark	48.0	40.5	16.4	7.4
Capital Guardian	45.2	37.0	10.9	N/A
Templeton Investment	39.8	36.5	15.7	N/A

Alternatives: Hedge Funds (total)	2.1	N/A	N/A	N/A
Alternatives: Hedge Funds Benchmark	7.6	6.7	7.7	N/A
DKR Capital	0.5	N/A	N/A	N/A
Ramius Capital	3.6	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
Quadrangle Capital Partners II **	N/A	N/A	N/A	N/A
Vectis Life Sciences Fund I ***	N/A	N/A	N/A	N/A

Real Estate (total)	15.9	10.5	10.1	N/A
Real Estate Benchmark	18.0	12.1	10.6	11.4
RREEF America II	15.7	11.5	10.5	N/A
TA Realty Associates Fund III	8.6	(0.6)	2.9	N/A
TA Realty Associates Fund IV	39.3	15.6	13.8	N/A
TA Realty Associates Fund V	15.2	10.4	N/A	N/A

Global Fixed Income (total)	5.4	6.4	7.6	5.9
Global Fixed Income Benchmark	4.7	5.7	6.7	6.2
Capital Guardian	3.8	8.0	8.4	5.8
Pacific Investment	7.0	4.8	6.7	N/A

FIXED INCOME POOL	2.4	3.4	6.5	N/A
University of Missouri	2.4	3.4	6.5	N/A
Fixed Income Pool Benchmark	2.6	4.1	6.9	6.6

Consumer Price Index	4.7	3.2	2.7	2.6

* Manager hired second quarter 2005.

** Quadrangle initial funding third quarter 2005.

*** Vectis initial funding fourth quarter 2004.

Reviewed 2011-02-22.