The Lynde and Harry Bradley Foundation, Inc.

Investment Manager Change History

Updated February 19, 2007

MANAGER ADDITIONS/CHANGES:

Date	Manager	Account Mandate/Change	Initial Investment

11/06	Rothschild Asset	Small Cap Core	$31,000,000

Management,Inc.

8/05	Cambridge and	Build hedge fund	5% of portfolio

Morgan Stanley	portfolio	to each manager

2/05	Cambridge	Assist in building	15% of portfolio

private equity and

venture capital portfolio

12/05	Hotchkis & Wiley	Large Cap Value	$35,000,000

Capital Management

9/05	Alliance Bernstein	International Blend EAFE	$35,000,000

6/05	OFI Institutional	Commodities	$20,000,000

10/04	OFI Institutional	Equity Emerging Markets	$18,000,000

10/04	Babson Capital	High Yield	$16,000,000

5/04	Gardner Lewis Asset	Large Cap Growth	$30,000,000

Management

2/05	Benchmark changed to

Russell 1000 Growth Index

3/04	Northern Trust Index	S&P 500 Index	$26,000,000

Funds	Russell 2000 Index	$30,000,000

Lehman Aggregate Index	$28,000,000

MSCI EAFE Index	$12,000,000

10/03	Wellington Management	International Small Cap	$5,000,000

12/02	Pimco Advisors	Real Return Bond Fund	$7,000,000

(TIPS)

5/02	Hartford Investment	High Yield	5,000,000

Management Co.

3/02	Wasatch Advisors	Small Cap Growth	15,000,000

3/02	Veredus Asset	Small Cap Growth	10,000,000

Management

11/01	Grantham, Mayo,	International	4,000,000

Van Otterloo	Small Cap Value

4/01	Barclays Global	U.S. Debt Index Fund B	5,000,000

Investors

4/01	Vanguard Investors	Total Bond Market Index Fund	10,000,000

11/00	David L. Babson	Small Cap Value	5,000,000

& Co.

11/00	Strong Capital	Small Cap Value	20,000,000

Management

2/00	Urdang Investment	REIT Account	13,000,000

Management

11/99	Goldman Sachs	Large Cap Growth (focus: tech)	5,000,000

[Internet Tollkeeper Fund]

8/99	Barclays Global	Intermediate Cap Index Fund B	20,000,000

Investors

6/99	Baird Advisors	Core Bond Account	20,000,000

(Formerly FIRMCO,

team moved to Baird

in 2000)

11/98	Nicholas Applegate	Micro Cap Growth	$5,000,000

11/01	International Small Cap	4,000,000

Growth Account added

8/97	Rosenberg Institu-	Small Cap Value	25,000,000

tional Equity Mgmt.

8/97	Moody, Aldrich &	Mid Cap Value	25,000,000

Sullivan

6/96	Acacia Institutional	Multi-Cap	30,000,000

Partners

4/05	Benchmark changed to 13 week

T-Bill + 700 mps

4/96	Barclays Global	S&P 500 Index Fund	30,000,000

Investors

1/95	Sanford Bernstein	Combined Large Cap	20,000,000

Equity/Foreign Equity

7/98	Changed to Inter-

national Mandate

4/94	Firstar Investment	Fixed Income account	N/A

Research &	in connection with

Management Co.	custodial relationship

to increase the yield on

idle cash in the account

4/93	Fayez Sarofim	Large Cap Equity	30,000,000

4/93	Provident Investment	Large Cap Equity	30,000,000

Council

4/93	Founders Asset	Small Cap Equity	10,000,000

Management

9/91	Trust Company	Small Cap & Core Equity	10,000,000

of the West	15,000,000

1/94	2 accounts combined to form 1

1/95	Accounts separated

1/94	High Yield account added	10,000,000

2/00	Large Cap Value added	15,000,000

11/00	Mid Cap Value added	10,000,000

2/90	National Investment	Mid and Small Cap Equity	10,000,000

Services of America

2/90	Allstate Insurance	Guaranteed Income (contract	10,000,000

to mature in 7 years)

8/88	Capital Guardian	Large Cap Equity	$25,000,000

9/89	International added	20,000,000

11/93	Combined to form

Globally Managed Equity Account

2/92	Fixed Income added	75,000,000

6/93	Intern'l Fixed Income	up to 20% of

added	Fixed Income Acct.

9/96	Emerging Markets Equity Fund	5,000,000

added

4/04	Changed to International Equity

only with EAFE benchmark

7/85	Smith Affiliated	5,000,000

Capital Corp.

7/85	Chase Investment	Large Cap Equity	10,000,000

Counsel Corp.

7/85	Clarens Associates	10,000,000

7/85	Marshall & Ilsley	Fixed Income Account	20,000,000

Trust Services

1985	Henry Banzhaf &	Original Manager	3,000,000

Associates

1985	Morgan Stanley	Original Manager of a

Asset Management	Fixed & Equity account

MANAGER TERMINATIONS:

Date	Manager	Account Mandate

11/06 Wells Fargo	Small Cap Core

11/05	Trust Company of the West	Large Cap Value

8/05	Capital Guardian	International EAFE

5/05	Wasatch	Core Small Cap

5/05	Veredus	Small Cap Growth

5/05	Trust Company of the West	Mid Cap Value

8/04	Grantham Mayo Van Otterloo	International Small Cap Value

8/04	Hartford Investment	High Yield

Management

8/04	Wellington Trust Company	International Small Cap Value

4/04	Barclay's Global Investors	S&P 500 Index Fund

4/04	Barclay's Global Investors	US Debt Index Fund

4/04	Trust Company of the West	High Yield

4/04	Vanguard Institutional	Total Bond Market Index Fund

Investors

3/04	Capital Guardian Trust Co.	Emerging Markets

3/04	Capital Guardian Trust Co.	U.S. Large Cap Equity

3/04	Fayez Sarofim	Large Cap Equity

9/03	Nicholas Applegate	International Small Cap Value

3/03	Trust Company of	Small Cap Growth

the West

11/02	Capital Guardian	U.S. Fixed Income

7/02	Goldman Sachs	Large Cap Growth

11/00	Barclays Global	Intermediate Cap Index

Investors	Fund B

11/00	Rosenberg Institu-	Small Cap Value

tional Equity Management

8/99	Moody, Aldrich &	Mid Cap Value

Sullivan

7/99	Firstar Investment	Idle cash management

Research & Mgmt Co.	Transition to new custodian

2/96	Provident Investment	Large Cap Equity

Council

8/97	Founders Asset	Small Cap Equity

Management

6/97	Trust Company	Large Cap Core Portfolio

of the West

9/95	Morgan Stanley	Fixed Income

1/95	National Investment	Mid and Small Cap Equity

Services of America

2/93	Chase Investment	Large Cap Equity

Counsel Corp.

2/93	Morgan Stanley	Equity

9/91	Marshall & Ilsley	Fixed Income Account

Trust Services

2/90	Clarens Associates

2/90	Smith Affiliated

Capital Corp.

8/89	Henry Banzhaf &	Original Manager

Associates

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