The public is most invited to attend. Meet new people, hear professional investment advice, learn about your city government. The commission's 'read ahead' material (a review of the past quarter's investment performance) can be viewed at: http://members.cox.net/cullen/aug_2003.htm

CITY OF NEWPORT

TRUST & INVESTMENT COMMISSION

Quarterly Meeting Notice and Agenda

When: 9:30-11:00 AM, Friday, Aug 22, 2003

Where: Conference Room, Newport Police Station, Broadway, Newport

This regular quarterly meeting of the Trust & Investment Commission

will be called to order at the time and place posted above.

Items to be discussed:

1. Call to order - Mike Cullen
2. Approve Minutes from May 23, 2003 meeting
3. Quarterly portfolio performance review - UBS PaineWebber  see: http://members.cox.net/cullen/aug_2003.htm
4. (Follow up) International equity fund review: current Pinnacle vs. blend with a new Int'l Value fund vs. replace with Core Int'l fund - UBS PaineWebber
5. Previous Quarter/Fiscal Year pension contribution report - City
6. (Follow up) Status on city's initial post employment healthcare benefits actuarial study in process - City
7. (Discussion) In response to recent study, why should the Commission not offer the School Committee to manage the contributions made by teachers towards their post employment healthcare benefits?
8. Other Matters – New Business

   Note: The next quarterly meeting is tentatively scheduled for Friday Nov 21, 2003.

   Publicly posted at Newport City Hall and to

   Public website: www.YahooGroups.com/KnowingNewport