Retirement Fund - March 31 , 2008 Asset Allocation

TOTAL FUND

(5.7)

8.4

10.7

6.4

Hybrid Index

(3.6)

8.8

11.1

6.2

Domestic Equity (total)

(15.1)

3.6

8.0

4.0

Domestic Equity Benchmark

(12.7)

4.7

834

3.5

Alliance Capital

(2.0)

6.2

6.7

3.2

AllianceBernstein

(23.8)

1.4

6.8

4.8

American Century

(20.8)

2.2

N/A

N/A

Artisan Partners

(22.0)

(1.1)

N/A

N/A

EARNEST Partners

(15.4)

2.9

N/A

N/A

GAMCO Investors

(14.5)

6.3

11.4

8.0

TCW Asset

(12.1)

5.3

10.5

N/A

International Equity (total)

(11.9)

12.3

15.0

6.4

International Equity Benchmark

(10.1)

13.3

17.2

6.2

AllianceBernstein

(18.0)

12.6

17.0

9.0

Capital Guardian

(8.2)

13.6

15.7

8.1

JP Morgan

(11.2)

10.4

N/A

N/A

Emerging Markets Equity (total)

(0.1)

24.8

27.9

15.1

Emerging Markets Benchmark

3.6

28.1

31.0

16.7

Capital Guardian

3.3

29.1

39.9

15.1

Templeton Investment

(4.3)

20.0

25.6

14.8

Alternatives: Absolute Return Funds (total)

6.5

8.2*

6.7*

N/A

Alternatives: Absolute Return Benchmark

8.6

9.3

8.2

8.6

Bridgewater Associates

21.0

N/A

N/A

N/A

Ramius Capital

(4.3)

6.8

5.8

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

Cerberus Series Four

N/A

N/A

N/A

N/A

Crosslink Crossover V **

N/A

N/A

N/A

N/A

JF Lehman Equity II

N/A

N/A

N/A

N/A

MidOcean Partners III-A

N/A

N/A

N/A

N/A

Oakwood Medical Investors V **

N/A

N/A

N/A

N/A

Quadrangle Capital Partners II

N/A

N/A

N/A

N/A

RiverVest Venture Fund II

N/A

N/A

N/A

N/A

Thompson Street II

N/A

N/A

N/A

N/A

Vectis Life Sciences Fund I

N/A

N/A

N/A

N/A

Vestar Capital Partners V

N/A

N/A

N/A

N/A

Warburg Pincus Private Equity X^

N/A

N/A

N/A

N/A

Welsh, Carson, Anderson & Stowe X 

N/A

N/A

N/A

N/A

Real Estate (total)

9.2

15.6^^

12.8^^

11.2^^

Real Estate Benchmark

13.6

16.8

15.1

12.6

RREEF America II

10.4

13.6

13.0

10.0

TA Realty Associates Fund V

5.6

23.5

18.4

N/A

TA Realty Associates Fund VIII **

N/A

N/A

N/A

N/A

Global Fixed Income (total)

7.2

3.8

4.3

5.6

Global Fixed Income Benchmark

9.3

4.6

4.8

5.6

Capital Guardian

11.2

5.4

5.6

6.1

PIMCO

3.4

2.2

3.0

5.1

TIPS (Treasury Inflation-Protected) (total)

N/A

N/A

N/A

N/A

TIPS Benchmark

15.1

5.6

6.0

7.8

NISA **

N/A

N/A

N/A

N/A

PIMCO **

N/A

N/A

N/A

N/A

Consumer Price Index

5.0

4.0

3.6

3.0