Emory Report

February 9, 1998

 Volume 50, No. 20

Investment performance
for funds available under the
Emory University retirement plan

The following table shows the rates of return for the funds that are currently available under the Emory retirement plan for the one-, five- and 10-year periods ending on Dec. 31, 1997. These rates of return were computed by people managing these funds. Emory has neither independently verified the accuracy of these computations nor confirmed that each such person used the same methodology to determine rates of return. The table is intended to give an overview of the relative performance of these funds. Employees should carefully review the most recent prospectus for each fund before making any decisions concerning the investment of their annuity contracts and custodial accounts under the plan.

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