Money Market Fund

Fund Objective

The fund seeks a high level of income consistent with liquidity and the preservation of capital by investing in high-quality, short-term government, bank and corporate debt.

Investment Strategy

The Money Market Fund invests in high-quality fixed-rate, floating rate and variable-rate debt securities to generate competitive returns consistent with the fund’s objective. The fund seeks to minimize risk while providing adequate liquidity by investing only in high-quality, short-term instruments and following strict guidelines which address issuer diversification, credit quality and maturity structure.

Investment Risk

The Money Market Fund is intended for those who want an investment designed to approximate the return of money market instruments over time. It is intended for investors with a short-term horizon where preservation of principal is a primary consideration.

Investment Manager

The Money Market Fund is provided by the Washington State Investment Board and managed by Barclays Global Investors.

Investment Restrictions

Once a member has transferred money out of the fund, he or she will not be allowed to transfer money back into the same fund for thirty calendar days. The thirty day window will be based on the last time the member made a transfer out of the fund. This restriction will not affect the member’s regular contribution or the ability to leave state service and withdraw from Plan 3. For additional information, please refer to page 2 of the Plan 3 Investment Guide.

* Historic performance is not necessarily indicative of actual future investment performance, which could differ substantially. All performance figures contained herein are provided net of management fees and other expenses but before the WSIB and record keeper expenses. All returns are calculated in U.S. dollars.

iMoneyNet provides daily data to money managers on yields, assets, average maturities and compositions of money market funds.

** Other expenses are as of March 31, 2008. Expenses include the operating costs associated with portfolio management and items such as custodial fees, audit fees and transfer agent fees. They are usually fixed costs and change in percentage as the fund balance changes.

Fees are calculated based upon your daily account balance.

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