Proposed Revision to Asset Allocation Targets

Based on the Goldman Sachs & Co. asset allocation review below is a suggested revision to the Foundation's asset allocation strategy:

Present	Proposed

Allocation	Allocation

(6/1/98)	7/1/00

Cash/Cash Equivalents	1.5%	1.5%

Fixed Income:

Bonds	10.5	10.5

High yield bonds	3.0	3.0

13.5	13.5

Equities:

U.S. Large Cap	35.0	34.0

Foreign	22.0	20.0

U.S. Stocks-

Small/Mid-cap	18.0	14.0

75.0	68.0

Alternative/Other

Investments:

Private equity	10.0	10.0

Hedge funds (Absolute

Return Funds)	0.0	5.0

REITs	0.0	2.0

10.0	17.0

100.0%	100.0%