1. Endowment Trustees Report to ALA Executive Board (Long-Term Investment Fund) 2009 - 10 ET #6.0 2009 - 10 EBD #13.0 (2009-10 Fall Meeting) Dan Bradbury – Senior Trustee Saturday – October 24, 2009 Chicago, Il.

2. Market Flash Points Strong market advance since mid February Unemployment still rising and expected to continue until 1 st quarter of 2010 Economic conditions worldwide improving Federal Reserve continues to maintain an interest rate friendly environment Exhibit #1

3. Market Valued vs. Book Value @ 9-30-09 Exhibit #2

4. Fiscal Year 2009 Volatility (Market Value) ($000’s ) Exhibit #3 *Millions

5. Endowment Fund Manager Allocation & Style @ 9-30-09 $27,991,766 Exhibit #4

6. Performance – 9/30/09 (YTD Returns) Exhibit #5 *Returns for Russell 1000 Mid Cap value – Ariel Mgt. choice, KLD Social Select and Domini 400 Social indexes respectively **These returns are unaudited. Composite benchmark is 55% Russell 3000, 10% MSCI EAFE and 35% ML Domestic Master

7. Asset Allocation Strategy Exhibit #6

8. Recent Strategic/Tactical Moves Implemented a Large Cap Value overweight and reduced the Large Cap Growth overweight Replaced the current Large Cap Value manager Blackrock with an Institutional Discretionary Portfolio* (IDP) Invest $2 million in The Endowment Fund** - Alternative Investment *A portfolio solution of “Manager of Managers” – a portfolio of individual managers, mutual funds, ETF’s **A portfolio of “Fund of Fund” hedge fund managers i.e. multiple hedge funds in one portfolio Exhibit #7

9. Thank You for Your Attention