Directed Account Plan

September 2010

kkowalik — Thu, 02 Sep 2010 14:45:52 +0000

Day	Stable Value	Value Stock	Equity Index	Growth Stock	Intl. Stock	Div. Small Co.Stock	Retirement Portfolio	Conserv Portfolio	Moderate Portfolio	Aggressive Portfolio
01	253.94	389.92	333.11	301.04	362.00	416.33	99.27	301.70	348.70	357.03
02	253.96	394.29	336.53	305.25	363.42	420.70	99.45	303.02	351.07	359.86
03
06	Market Closed – Labor Day
07
08
09
10
13
14
15
16
17
20
21
22
23
26
27
28
29
30

September Fund Performance (in percentages)

August 2010

kkowalik — Tue, 03 Aug 2010 14:02:38 +0000

Day	Stable Value	Value Stock	Equity Index	Growth Stock	Intl. Stock	Div. Small Co.Stock	Retirement Portfolio	Conserv Portfolio	Moderate Portfolio	Aggressive Portfolio
02	253.14	410.63	346.67	315.05	371.71	438.62	99.82	306.68	358.29	369.43
03	253.17	407.32	344.77	313.06	371.72	435.31	99.73	305.84	356.96	367.80
04	253.20	409.79	347.24	315.93	371.12	440.45	99.84	306.68	358.53	369.80
05	253.22	408.74	346.47	315.93	371.36	435.90	99.81	306.40	357.94	368.83
06	253.30	407.10	345.14	314.86	370.83	433.73	99.77	305.97	357.13	367.78
09	253.33	409.33	347.42	317.34	372.91	439.15	99.90	306.74	358.88	370.12
10	253.35	405.74	344.56	314.40	369.16	430.55	99.73	305.69	356.38	366.65
11	253.38	392.32	334.48	304.21	355.79	414.34	99.08	301.85	348.63	356.67
12	253.41	390.20	332.77	302.55	355.13	412.20	99.00	301.24	347.57	355.37
13	253.49	388.74	331.24	301.00	355.46	407.86	98.97	300.80	346.59	354.01
16	253.51	388.64	331.62	301.32	357.43	411.04	99.02	300.87	347.16	354.96
17	253.54	394.17	335.99	306.00	362.03	418.46	99.29	302.52	350.46	359.18
18	253.57	395.19	336.75	306.63	362.01	419.46	99.33	302.83	350.91	359.72
19	253.59	387.74	330.85	301.28	358.63	409.27	99.03	300.65	346.94	354.63
20	253.67	385.80	329.71	301.27	355.25	408.61	98.95	300.21	346.14	353.57
23	253.70	383.74	327.99	298.52	354.78	403.36	98.87	299.61	344.67	351.59
24	253.73	376.89	323.24	292.87	349.70	398.27	98.58	297.72	341.13	347.29
25	253.75	378.15	324.76	294.35	348.08	403.72	98.63	298.21	342.09	348.62
26	253.78	375.02	322.28	292.07	349.75	400.68	98.55	297.28	340.82	347.17
27	253.86	382.66	328.17	296.87	353.73	411.32	98.90	299.61	344.92	352.39
30	253.88	376.37	323.04	292.15	350.67	402.21	98.63	297.71	341.40	347.91
31	253.91	377.07	323.23	291.63	351.72	401.83	98.67	297.87	341.53	348.05

August Fund Performance (in percentages)
	0.32%	-5.97%	-4.72%	-5.44%	-2.87%	-7.06%	-0.66%	-1.96%	-3.30%	-4.17%

DAP Founding Executive Director Dies

jschuckman — Wed, 07 Jul 2010 20:31:34 +0000

It is with great sorrow that the Directed Account Plan informs its participants that the founding executive director of the plan and Board of Directors member, Joseph Montanaro, lost his battle with mesothelioma on June 18. The plan complied with the family’s wishes in not formally announcing this sooner. Click here for more information.

Manager Change in Diversified Small Company Option

jschuckman — Tue, 06 Jul 2010 18:00:44 +0000

Due to a manager change, Invesco U.S. Small Cap Value has been terminated from the Diversified Small Co. Stock Option. The funds have been allocated to the BGI Small Company Index, increasing its allocation in the option to 30% until a replacement manager is found.

July 2010

jschuckman — Fri, 02 Jul 2010 10:00:04 +0000

Day	Stable Value	Value Stock	Equity Index	Growth Stock	Intl. Stock	Div. Small Co.Stock	Retirement Portfolio	Conserv Portfolio	Moderate Portfolio	Aggressive Portfolio
01	252.31	368.34	316.10	288.27	331.85	402.43	97.56	293.99	335.80	341.53
02	252.41	365.98	314.39	286.21	332.10	399.60	97.52	293.39	334.71	340.17
05	Market Closed
06	252.44	367.25	315.34	286.33	337.77	395.49	97.65	293.78	335.31	340.74
07	252.47	380.85	325.61	296.51	342.78	407.82	98.20	297.77	342.02	348.86
08	252.49	384.70	328.84	299.03	345.92	413.02	98.40	298.97	344.24	351.71
09	252.57	388.83	331.49	301.60	348.11	418.46	98.58	300.14	346.35	354.42
12	252.60	388.16	331.30	300.86	347.69	413.70	98.57	300.02	345.69	353.31
13	252.62	396.41	337.01	306.69	353.72	427.37	98.93	302.35	350.44	359.61
14	252.65	395.22	336.82	307.03	355.38	425.93	98.95	302.15	350.37	359.52
15	252.67	396.57	336.81	306.97	355.72	423.08	98.98	302.38	350.36	359.27
16	252.75	383.37	326.92	297.03	347.75	408.43	98.43	298.59	343.39	350.47
19	252.78	385.56	328.82	298.40	348.01	410.43	98.53	299.30	344.41	351.70
20	252.80	390.74	332.81	302.76	350.60	416.98	98.75	300.84	347.28	355.31
21	252.83	385.83	328.43	298.80	347.81	410.49	98.53	299.31	344.46	351.73
22	252.86	396.23	336.42	306.43	356.47	424.23	99.03	302.39	350.42	359.43
23	252.93	399.71	339.84	310.08	360.01	433.84	99.25	303.60	353.22	363.29
26	252.96	405.76	344.02	313.95	362.73	442.05	99.49	305.31	356.30	367.26
27	252.99	404.28	343.26	312.21	361.96	439.75	99.45	304.97	355.43	366.13
28	253.01	400.70	340.40	308.99	361.78	432.44	99.33	303.91	353.36	363.38
29	253.04	400.32	339.07	307.70	362.92	432.30	99.31	303.63	353.00	363.06
30	253.09	401.01	339.26	308.42	362.13	432.37	99.33	303.81	353.20	363.20

July Fund Performance (in percentages)
	0.32%	8.38%	6.94%	6.61%	9.33%	6.79%	1.77%	3.18%	4.97%	6.07%

June 2010

admin — Tue, 01 Jun 2010 00:00:00 +0000

Day	Stable Value	Value Stock	Equity Index	Growth Stock	Intl. Stock	Div. Small Co.Stock	Retirement Portfolio	Conserv Portfolio	Moderate Portfolio	Aggressive Portfolio
01	251.52	387.87	330.04	301.94	329.93	422.63	97.93	298.74	343.79	351.58
02	251.54	399.83	338.98	310.69	336.51	433.37	98.45	302.18	349.80	358.96
03	251.57	401.46	340.69	312.90	337.64	437.74	98.54	302.75	351.14	360.76
04	251.65	385.53	328.32	300.72	326.80	418.57	97.85	298.17	342.42	349.66
07	251.67	378.03	323.37	294.74	322.29	408.43	97.55	296.16	338.37	344.43
08	251.70	382.70	326.23	296.76	325.02	407.18	97.74	297.40	339.97	346.08
09	251.73	381.17	324.89	295.69	326.09	408.11	97.71	296.94	339.57	345.81
10	251.75	394.43	334.59	305.51	337.03	420.91	98.33	300.80	346.78	354.77
11	251.83	396.63	336.68	308.13	337.58	426.89	98.45	301.58	348.44	356.97
14	251.86	396.98	336.49	307.91	341.93	428.29	98.52	301.62	349.01	357.89
15	251.88	407.20	344.48	315.65	349.81	439.01	99.00	304.69	354.69	364.96
16	251.91	406.10	344.09	315.33	348.53	436.90	98.97	304.46	354.13	364.14
17	251.94	405.27	344.28	315.18	350.00	437.00	98.99	304.39	354.19	364.29
18	252.02	405.59	344.66	315.50	351.16	438.01	99.05	304.56	354.59	364.83
21	252.04	404.37	342.94	314.14	353.50	434.23	99.03	304.08	353.87	363.91
22	252.07	395.94	337.23	308.53	349.02	426.20	98.70	301.74	349.80	358.83
23	252.10	395.01	336.28	308.38	349.11	425.17	98.67	301.45	349.45	358.37
24	252.12	387.03	330.57	303.29	344.44	418.91	98.34	299.25	345.65	353.71
25	252.20	390.94	331.90	305.56	345.69	425.46	98.47	300.14	347.46	356.17
28	252.23	388.69	331.14	304.05	345.28	424.30	98.43	299.68	346.67	355.23
29	252.26	373.60	320.48	292.36	332.69	408.59	97.75	295.54	338.44	344.80
30	252.28	369.99	317.25	289.29	331.22	404.89	97.60	294.44	336.49	342.41

June Fund Performance (in percentages)
	0.31%	-6.94%	-5.78%	-5.97%	-0.67%	-6.84%	-0.70%	-2.31%	-3.42%	-4.22%

2010 May

admin — Fri, 28 May 2010 14:45:57 +0000

	Fixed Income	Large Cap Value	Large Cap Growth	Foreign	Small Company	Portfolio

Morningstar Averages for the Universe	n/a	1.55%	-2.54%	-9.88%	4.60%	n/a

Stable Value Option	1.60%
Wellington Core	4.11%
PRIMCO GIC	1.76%
Cash	1.15%
Dreyfus Cash Mgmt. Instl.	0.04%

Benchmark
BC 1-3 yr. Govt./Treas.	1.40%

Equity Index Option (BGI – US Equity Index)			-0.30%

Benchmark
Russell 3000			-0.32%

Value Stock Option		-0.73%
JP Morgan Large Cap Value (separately managed)		-1.40%
CGM Focus		-7.93%
Goldman Sachs Mid Value Instl.		4.08%
Neuberger Berman Partners		-1.85%
T. Rowe Price Value		0.05%
BGI – Value Index		0.53%

Benchmark
Russell Price Driven (1000 Value)		0.54%

Growth Stock Option			0.11%
Turner Mid Cap Growth			2.06%
Marsico Focus			-2.03%
Wellington Mid Cap Opportunities			4.59%
Primecap Odyssey Growth			-0.37%
T. Rowe Price Growth Stock			-2.20%
BGI – Growth Index			-2.34%

Benchmark
Russell Earnings Growth (1000 Growth)			-2.26%

International Stock Option				-9.06%
Amer Cent-20th Cent. Int’l Discovery				-8.78%
Amer Cent-20th Cent. Int’l Growth				-10.42%
Templeton Instl. Foreign				-11.76%
Oppenheimer Intl Sm Co A				-7.04%
Thornburg Intl Value				-6.98%
Marsico Intl Opp				-11.69%
Dimensional Emerging Markets Value				-6.84%
Royce International Value				-2.22%
BGI Eafe Index				-12.53%

Benchmark
MSCI EAFE Net Dividend				-12.36%

Diversified Small Company Stock Option					5.15%
Royce Opportunity					10.85%
Dimensional U.S. Micro Cap Portfolio					8.76%
Third Avenue Sm Cap Value					-3.27%
Buffalo Small Cap					7.21%
Brown Capital Mgmt. Small. Co. Instl.					-3.35%
Morgan Stanley US Small Cap Value Instl					8.68%
BGI – Small Company Index					6.32%

Benchmark
Russell 2000 Total					6.29%

Retirement Model Portfolio						-1.71%

Benchmark
Retirement Composite Index						0.49%

Conservative Model Portfolio						4.28%

Benchmark
Conservative Composite Index						4.14%

Moderate Model Portfolio						5.91%

Benchmark
Moderate Composite Index						5.29%

Aggressive Model Portfolio						7.14%

Benchmark
Aggressive Composite Index						6.59%

DAP Options Home

admin — Mon, 24 May 2010 18:38:50 +0000

Directed Account Plan Options
Stable Value	Value Stock	Equity Index	Growth Stock	Intl. Stock	Div. Sm. Co. Stock
1.26%	11.11%	10.25%	10.92%	2.14%	16.89%
3.02%	33.41%	28.29%	37.93%	48.16%	35.51%

May 2010

admin — Tue, 18 May 2010 16:54:29 +0000

Day	Stable Value	Value Stock	Equity Index	Growth Stock	Intl. Stock	Div. Small Co. Stock	Retirement Portfolio	Conserv. Portfolio	Moderate Portfolio	Aggressive Portfolio
03	250.76	442.30	370.58	338.92	372.82	479.83	100.00	312.93	371.31	387.41
04	250.79	429.28	361.49	329.21	359.85	465.65	99.44	309.55	364.35	378.25
05	250.81	425.88	358.64	326.02	354.06	459.53	99.26	308.60	361.93	374.91
06	250.84	409.82	346.84	314.96	342.17	444.65	98.60	304.33	353.97	364.71
07	250.92	401.87	340.74	307.67	337.00	432.77	98.29	302.23	349.42	358.67
10	250.95	422.13	356.34	323.84	356.55	454.03	99.21	307.78	360.81	373.12
11	250.97	420.62	355.58	322.78	352.83	456.99	99.14	307.46	360.19	372.57
12	251.00	428.51	361.48	328.89	357.81	469.51	99.46	309.60	364.63	378.47
13	251.02	422.68	357.29	325.08	355.28	465.85	99.25	308.08	362.07	375.39
14	251.10	413.11	350.24	317.39	346.65	456.11	98.86	305.58	356.87	368.77
17	251.13	412.38	350.81	317.60	343.37	458.03	98.83	305.59	356.72	368.65
18	251.15	405.09	345.67	312.53	338.71	450.95	98.56	303.70	353.13	364.11
19	251.18	402.30	343.58	310.22	335.63	445.65	98.43	302.95	351.34	361.67
20	251.21	384.65	329.69	298.10	324.22	424.79	97.71	297.98	342.13	349.82
21	251.28	393.01	334.63	303.87	329.25	429.09	98.03	300.11	345.82	354.22
24	251.31	386.80	330.63	300.68	325.84	424.31	97.81	298.53	343.13	350.90
25	251.34	388.31	330.63	301.13	320.04	421.88	97.75	298.78	342.61	349.90
26	251.36	387.89	329.29	300.28	322.21	423.14	97.75	298.50	342.55	350.03
27	251.39	403.38	340.71	311.64	336.61	439.69	98.50	302.91	351.14	360.90
28	251.49	397.58	336.70	307.65	333.45	434.60	98.29	301.39	348.39	357.48
31	Market Closed

May Fund Performance (in percentages)
	0.32%	-8.80%	-7.91%	-7.87%	-10.49%	-7.64%	-1.71%	-3.13%	-5.36%	-6.73%

2010 April

admin — Wed, 28 Apr 2010 22:36:55 +0000

	Fixed Income	Large Cap Value	Large Cap Growth	Foreign	Small Company	Portfolio

Morningstar Averages for the Universe	n/a	7.08%	5.82%	0.77%	11.91%	n/a

Stable Value Option	1.27%
Wellington Core	3.47%
PRIMCO GIC	1.40%
Cash	0.91%
Dreyfus Cash Mgmt. Instl.	0.03%

Benchmark
BC 1-3 yr. Govt./Treas.	0.98%

Equity Index Option (BGI – US Equity Index)			8.27%

Benchmark
Russell 3000			8.23%

Value Stock Option		8.86%
JP Morgan Large Cap Value (separately managed)		7.55%
CGM Focus		0.03%
Goldman Sachs Mid Value Instl.		12.68%
Neuberger Berman Partners		9.53%
T. Rowe Price Value		10.09%
BGI – Value Index		9.61%

Benchmark
Russell Price Driven (1000 Value)		9.55%

Growth Stock Option			8.66%
Turner Mid Cap Growth			10.46%
Marsico Focus			6.74%
Wellington Mid Cap Opportunities			12.05%
Primecap Odyssey Growth			8.98%
T. Rowe Price Growth Stock			6.18%
BGI – Growth Index			5.80%

Benchmark
Russell Earnings Growth (1000 Growth)			5.81%

International Stock Option				1.60%
Amer Cent-20th Cent. Int’l Discovery				3.27%
Amer Cent-20th Cent. Int’l Growth				0.52%
Templeton Instl. Foreign				-1.14%
Oppenheimer Intl Sm Co A				6.84%
Thornburg Intl Value				1.55%
Marsico Intl Opp				-1.75%
Dimensional Emerging Markets Value				4.07%
Royce International Value				5.75%
BGI Eafe Index				-1.54%

Benchmark
MSCI EAFE Net Dividend				-0.96%

Diversified Small Company Stock Option					13.85%
Royce Opportunity					22.48%
Dimensional U.S. Micro Cap Portfolio					17.48%
Third Avenue Sm Cap Value					6.73%
Buffalo Small Cap					13.21%
Brown Capital Mgmt. Small. Co. Instl.					3.29%
Morgan Stanley US Small Cap Value Instl					16.54%
BGI – Small Company Index					15.09%

Benchmark
Russell 2000 Total					15.01%

Conservative Model Portfolio						4.28%

Benchmark
Conservative Composite Index						4.14%

Moderate Model Portfolio						5.91%

Benchmark
Moderate Composite Index						5.29%

Aggressive Model Portfolio						7.14%

Benchmark
Aggressive Composite Index						6.59%