Things went very well in several ways at the recent annual meeting. We may file a fuller report later, but for now,

here are some highlights:

We had between 15-20 folks from our various coalition groups that went inside the meeting and raised voices on their social responsibility concerns. Other folks in the room raised other issues with TIAA-CREF on other corporate responsibility and corporate governance concerns. Besides his work on the TC Coalition and the Social Choice for Social Change (positive investing) effort, Neil played a leadership role in a small group of TC participants that filed the majority of shareholder resolutions this year.

So, as a combined group of individuals spanning various concerns, we raised a multitude of issues with TC that needed to be raised. And we are dominating discussion at their annual meetings. Without going into detail here, we may be starting to have influence in a few areas (just as one example, they want/are willing to meet with those interested in starting a new socially responsible fund—since confirmed in an email from them). But we will need to carry our efforts beyond the annual meeting so that they don’t feel they just have to worry about us for a few hours once a year. As some of you may know, we have been doing that via contacts with trustees, phone calls and emails to TC, demonstrations at local TC offices, and media publicity.

Relevant to the latter, we again gained much major media surrounding the meeting, with some further story possibilities. At the time of this writing, stories concerning one aspect or more of our joint concerns have appeared in the following major publications/news services (due mainly to our initiation in some way): Barons, Dow Jones NS, Wall Street Journal, Corporate Social Responsibility New Service going to thousands of outlets, Bloomberg NS, New York Daily News, NY Post, Investor Relations web, NY Times (great photo of our particular folks during the meeting), Newsday, prominent WFUV in NYC, Voice of America, and Investor Relations in January). So TC knows we hit all the major NYC area print media. And, of course, stories with the two prominent news services could appear in many outlets.

If you know of further places, PLEASE let me know so we can keep track A Business Week writer was there, but she communicated later that her editors

decided against a story because Wall Street Journal and NY Times had written on. Always have to be first! But she did say she/they was quite open to a

more in depth story and asked for suggestions on that so I will be in contact with her.

Outside the building, at one time or another, perhaps 40 were present, but not at any one time. There was a Christmas theme (a plastic Santa Claus and Santa hats), plus we had a jazz band and a great banner! We also talked with several TC employees who supported us and some misgivings about TC. Others definitely refused to accept the fliers we distributed to several hundred folks coming inside or outside the building – and we also distributed fliers inside as well.

If you attended the meeting or have other things to note/report/suggest regarding media coverage, what went on in the meeting, ways to proceed in the future, please let us know.

Thanks for all your work. Together we are doing it.

Neil