THE LYNDE AND HARRY BRADLEY FOUNDATION, INC.

COMPARATIVE SUMMARY

GLOBAL EQUITY ACCOUNTS

Investment Manager:	Sanford C. Bernstein, Inc.	Capital Guardian

Nature of Assignment:	Global Equity Investment Manager	Global Equity Investment Manager
Investment Objective:	Maximize the investment benefits from global diversification and achieve long term growth of capital and income. Achieve total return that exceeds a composite index (70% S&P 500 and 30% GDP (Gross Domestic Product) -- weighted MSCI (Morgan Stanley Capital International) EAFE, half-hedged) and ranks in the upper quartile as measured by the Trust Universe comparison Service (TUCS).	Maximize the investment benefits from global diversification and achieve long term growth of capital and income. Achieve total return that exceeds the World Index and ranks in the upper quartile as measured by the Trust Universe Comparison Service (TUCS).
Guidelines:	The account will normally invest in a diversified portfolio consisting of common stocks and securities convertible into common stocks listed on major stock exchanges throughout the world. The target allocation should be 70% U.S. domestic and 30% foreign with a 20% band in either direction.

Sanford C. Bernstein, Inc. will attempt to achieve a consistent above-average investment return that is compatible with fiduciary standards of prudence.

Investments may be made in U.S. dollars denominated for foreign currency denominated cash or cash equivalents, government securities, non-convertible preferred stocks or straight debt securities in varying proportions, when, in the opinion of the Investment Manager, it is desirable to do so. Investments in ADR's and EDR's are permitted.

Currency hedging will be permitted as part of a defensive strategy to protect the portfolio's underlying assets. The account may enter into forward currency contracts.

Sanford C. Bernstein, Inc. is authorized to invest up to 10% of the account in non-MSCI World markets and on over-the-counter markets. Such investments shall be made primarily in equity securities of companies with market capitalization of over $750 million and which are traded internationally (normally in the form of ADR's, ADS's and IDR's) or, in the case of Canada, traded on a Canadian Stock Exchange.	The account will normally invest in a diversified portfolio consisting of common stocks and securities convertible into common stocks listed on major stock exchanges throughout the world. Foreign based company securities should not exceed two-thirds of the portfolio's market value. Investments in ADR's are permitted.

Investments may be made in U.S. dollars denominated or foreign currency denominated cash or cash equivalents, government securities, non-convertible preferred stocks or straight debt securities in varying proportions, when, in the opinion of the Investment Manager, it is desirable to do so.

Currency hedging will be permitted as part of a defensive strategy to protect the portfolio's underlying assets. The account may enter into forward currency contracts.

Capital Guardian Trust Company is authorized to invest up to 10% of the account in non-MSCI World markets. Such investments shall be made primarily in equity securities of companies with market capitalization of over $750 million and which are traded internationally (normally in the form of ADR's, ADS's and IDR's) or, in the case of Canada, traded on a Canadian Stock Exchange.

Capital Guardian trust Company will attempt to achieve a consistent above-average investment return that is compatible with fiduciary standards of prudence.
Investment Manager Fees:

Assets

1st $25 mil.

Next $25 mil.

Next $50 mil.

Next $100 mil.

Thereafter	Incremental

Annual Fee Rate

.80 of 1%

.60 of 1%

.50 of 1%

.40 of 1%

.35 of 1%

Assets

1st $20 mil.

$20-50 mil.

Over $50 mil.

Eleemosynary Deduction:

Incremental

Annual Fee Rate

.65 of 1%

.50 of 1%

.375 of 1%

10% of fees

Fees include .15 of 1% for global security portfolio.

Since fees are calculated on combined value of all Bradley accounts, the Foundation is billed at the .375 of 1% rate.