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First, I would like to start by acknowledging that the quarterly report that you reviewed was through June 30 (3rd allegra children liquid quarter of the Plan’s fiscal year). I was able to run the reports for the quarter ending Sept. 30th and review these with the Committee this week. I have attached a copy of this new report for your reference, and I would like to make a few comments regarding this more recent quarter report. During this quarter, the Plan restructured its investments for a couple of reasons including moving to a new custodial bank Regions (who will now handle all of the Plan’s trust operations), funded a new international equity portfolio, inflation protected portfolio, and an actively managed bond portfolio, as well this helped with some cost controls for the Plan. So you can see on page 14 the Plan ended with approx $14. 5m with assets close to the target weights of 50%-Domestic stocks, 10% International Stocks, 40% fixed income/cash—and on page 15 you can see the new manager structure. With this said, you can then see page 20 which indicates the performance for the Plan, and with the strong markets in Sept.

38% for the allegra children liquid fiscal year is good as it exceeds the 7. 75% assumed rate of return that the actuary uses for determining pension costs. As you can see the returns in the first column for Sept. you can allegra children liquid see that the equity portfolios significantly outperformed fixed income, and the new international equity portfolio led the asset classes, and helped the Plan returns. ’s results representing the first full month of the change to the Plan’s investment program I am comfortable with these changes and feel the portfolio is well positioned. OK, sorry for all of that, I just wanted to bring you up-to-date, so to your questions: -- From the last meeting it appeared the allegra children liquid committee desired to take as safe and prosperous investment strategy approach as possible. Should we reconsider allegra children liquid the asset allocations between fixed allegra children liquid income and/or domestic equity? The results allegra children liquid you are referring to relate to the quarter ending June 30th, where there was a allegra children liquid lot of concern regarding Foreign Debt, particularly allegra children liquid Greece, and this caused stock allegra children liquid markets to detract during the quarter and subsequently bonds to do well. However, looking at the long-term, in order to help the Plan exceed allegra children liquid its assumed rate of return we need to have stocks as a return generation component, while we expect times of pullbacks in the stock market, we believe over the longer term stocks allegra children liquid should outperform fixed income, but allegra children liquid you can see why we create a balanced mix of stocks and bonds to help us mitigate extreme return movements—ie. when stocks go down the bonds are there to take some of the pressure off. Which is what they did in that quarter, but as you allegra d 24 hour benadryl can see here this quarter the stock portfolios helped and drove returns.  Lastly, with the economic events from 2008-2010 , bonds have done well, but this has come at the expense of allegra children liquid driving down interest rates, so in this extremely low interest rate environment, we can expect that future returns will need to come allegra 180 otc from over assets classes, not fixed income, if we wish to achieve the 7. --After reading pages 2-9, what one area allegra children liquid accounts for this decline and when can we expect to recoup this quarters lost and perhaps make some gains?

I certainly understand there are no crystal balls when dealing with the stock market, but would like your best estimate. In other words, how would I justify this quarters lost to those with vested interests in this plan? Well, I feel like I am cheating on the test as I have the benefit of the recent market movements to help me, as you can see in the quarterly report attached, the Plan re-cooped those losses and the Plan is up 5. So to your questions, these losses have been recouped. I would justify this to those with a vested interest by explaining that-- it is important to understand the long-term nature of the Plan and that quarterly movements may be negative, but we believe over the long-term in order to achieve our earnings goal, we have to incorporate elements of risks, like stocks into the Plan.



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