[November 26, 2008]

UC is adding new fund offerings in the UC Retirement Savings Program. Effective December 1, 2008, UC Pathway Funds 2015, 2025, 2035, 2045, 2055, and 2060 are being added to the UC Core Fund lineup. The Vanguard Admiral Treasury Money Market Fund—Investor Shares has also been added to the UC Core Fund lineup. You can learn more about these additional funds by visiting the Fidelity Retirement Services website. Choose the Savings & Retirement tab, then the Investment Choices and Research link from the View menu on the left.

Pathway Funds are made up of a mix of UC Core Funds and include each of the three primary asset classes—stocks, bonds, and short-term investments. The Pathway Funds are specifically designed to provide both income and growth potential. Within each fund, assets are allocated according to a "target date" that corresponds to the year an employee may intend to retire or to start withdrawing money from the retirement savings plan account. Over time, the percentage of assets invested in stocks is gradually reduced while the amount invested in bonds and short-term investments is increased. This helps to ensure that the fund has a greater growth potential early on but becomes more conservative as the fund approaches its target date.

If you are already invested in a UC Pathway Fund, it is important to revisit the fund you chose in order to ensure that it's the one that best matches your goals, risk tolerance, and timeline. The six new Pathway Funds offer asset allocation based on a target date and are built from the same UC Core Funds as the original Pathway Fund choices.

The Vanguard Admiral Treasury Money Market Fund—Investor Shares is a money market mutual fund that seeks to provide as high a level of current income as is consistent with the preservation of capital and liquidity. The fund invests solely in high-quality, short-term money market securities whose interest and principal payments are backed by the full faith and credit of the U.S. government. At least 80% of the fund's assets will always be invested in U.S. Treasury securities; the remainder of the assets may be invested in securities issued by U.S. government agencies.

To learn more about the new funds or any fund offered in your retirement plan or for additional information, please contact a Fidelity Retirement Services representative at 1-866-682-7787. Representatives are available Monday through Friday, from 5:00 a.m. to 9:00 p.m. Pacific Time (PT).

Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

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