CFA Growth

Chart of the Week for May 30-June 5, 2003

Saturday, May 31, marks the 40th anniversary of the annual exam for the Chartered Financial Analyst (CFA) program designation. The Association for Investment Management and Research (AIMR), which administers the program, also celebrates the award of its 50,000th charter and increased enrollments of over 100,000 for the first time in its history. The interest in the program grows at a rapid pace as the competition among investment-related employers and potential employees skyrockets. The program requires candidates to pass three levels of training, each incorporated in a six-hour, annual exam, and maintain a high level of ethics and professionalism. Vantagepoint Investment Advisers, manager of the Vantagepoint Funds, employs several CFA charter holders to help our participants achieve their retirement goals. We are proud of our associates who have achieved this credential and we wish our candidates the best of luck on Saturday!

This illustration was compiled by information from outside sources. These companies are not affiliated with ICMA-RC. This information is being provided for educational purposes and is not intended to be construed as or relied upon as investment advice. ICMA-RC does not offer specific tax or legal advice. Individuals are advised to consider any new investment strategies carefully prior to implementing.

Investment information can change rapidly and the changes can be significant particularly in volatile markets. For this reason “as of”’ dates are provided for specific data where applicable. The information should not be considered current after the dates provided.

Please read both the current applicable prospectus and MAKING SOUND INVESTMENT DECISIONS: A Retirement Investment Guide carefully for a complete summary of all fees, expenses, charges, financial highlights, investment objectives, risks and performance information. Investing in mutual funds and other investment vehicles involves risk, including possible loss of the amount invested. Investors should carefully consider the Fund's investment objectives, risks, charges and expenses before investing or sending money. The prospectus contains this and other information about the investment company. The Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC. For a current prospectus, contact ICMA-RC Services, LLC.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240. Para asistencia en Español llame al 800-669-8216. Performance data current to the most recent quarter end is available by visiting www.icmarc.org.