On May 17, 2010, the Deferred Compensation Committee conducted its annual Investment Review Meeting. The following are the results of that review:

The Hotchkis & Wiley Large Cap Value (HWLAX) investment option is being deleted from Tulare county's 457 fund portfolio.  Participants will have until market close on August 17, 2010 to transfer funds to another fund.  Any balances remaining in the Hotchkis & Wiley Large Cap Value will be transferred to American Funds Mutual (AMRMX) at the close of business on August 17, 2010.

In addition, seven funds were placed on watch for the next 12 months. Those funds are:

Janus Growth and Income (JAGIX)
Neuberger Berman Socially Responsible (NBSTX)
Janus Orion(JORNX)
Columbia Mid Cap Value(NAMAX)
Columbia Acorn (ACRNX)
Dreyfus Bond Market (DBMIX)
Conservative Profile

For further information on the Watch List, click here /government/auditor/defercomp/links.asp.