Morley Financial Services Inc

Morley Financial Services, Inc. has several wholly owned subsidiaries which together, provide a complete stable value investment package: Morley Capital Management, Inc. is the oldest registered investment advisory firm dedicated to stable value management. Union Bond & Trust Company, an Oregon state-registered banking company with trust powers, maintains and manages common and pooled funds invested primarily in stable and fixed income assets. Morley & Associates, Inc. offers stable value insurance brokerage services to its clients by assisting in the procurement of book value maintenance agreements or "wrap" contracts. Morley Financial is a wholly owned subsidiary of the Principal Financial Group® and an affiliate of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group. Principal Global Investors manages $221.4 billion1 in assets primarily for retirement plans and other institutional clients, and draws from the expertise of 494 investment professionals. The firm offers a broad range of investment capabilities, including equity, fixed income and real estate investments as well as specialized overlay and advisory services. 1 As of June 30, 2007, Principal Global Investors is the asset management arm of the Principal Financial Group ® (The Principal ®) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; and the majority owned affiliates of Principal International, Inc.