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Level Two: Manager Fact Sheet

Used in the Directed Account Plan International Stock Option

as of 9/30/11

This is an index fund that seeks to match the performance of the MSCI EAFE Index by investing in stocks that make up the index. The MSCI EAFE Index is comprised of approximately 1,000 foreign stocks representing established companies in developed countries across Western Europe and the Pacific Rim.

Not a mutual fund.

Comparison to Benchmark

* Note

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.

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