Current VantageTrust Certificate of Deposit Accounts Program to End; New Program Under Development

January 5, 2009

ICMA-RC has been informed by the Bank of America Corporation (Bank of America) that it will no longer be able to support the VantageTrust Certificate of Deposit Accounts (CD Accounts) program as it is currently structured. The current CD Accounts program will be terminated effective January 30, 2009.

Existing investments in the CD Accounts program will not be affected during the termination. CD Accounts purchased on or before the program termination date will continue to accrue interest until maturity. (For example, a 1-year CD Account purchased in January 2009 will mature on the last business day of January 2010.) However, ICMA-RC will not be able to accept contributions to CD Accounts after the program termination date and future contributions will be directed to the plan sponsor’s designated CD Accounts maturity fund or to an alternative investment option selected by the investor.

ICMA-RC is working with Bank of America to develop a new CD Accounts program. We will keep you informed of future developments.

If you have any questions or would like additional information regarding CD Accounts, please contact Investor Services.