Our affiliation with New York Life Investment Management (NYLIM) allows us to offer our clients a wide array of investment services. Listed below are some of our partners in helping you reach your investment objectives.

MainStay Funds¹ provides over 30 retail funds covering most major asset categories, including growth, growth and income, income, and international, offering both active and quantitative management. The Funds are distributed through a network of over 6,500 NYLIFE Securities Registered Representatives, as well as through relationships with many of the leading Wall Street brokerage firms and independent investment advisors. The MainStay Funds are managed by New York Life Investment Management LLC, (McMorgan & Company LLC serves as subadvisor to the MainStay Principal Preservation Fund and the MainStay Institutional Bond Fund). For additional information, call 1-800-MAINSTAY (1-800-624-6782) or go to www.mainstayfunds.com.

MacKay Shields LLC is recognized as an outstanding, multi-product investment advisory firm managing assets across the capital markets, including institutional separate account clients. Investment styles offered include equities: growth and value; fixed income: core and core plus; and high yield, global/international, convertibles and balanced management. The investment management approach in all product areas is team oriented and combines rigorous investment disciplines with sound fundamental judgement of experienced professionals. For more information, call 212-758-5400.

New York Life Capital Partners LLC manages the private equity investment activities of both New York Life Insurance Company and third-party institutional clients. It focuses on direct equity and limited partnership fund investing in leveraged acquisitions, recapitalizations, and growth capital transactions.

Madison Capital Funding LLC ("Madison Capital") is a finance company focused exclusively on the corporate financing needs of middle market oriented private equity sponsors throughout the U.S. Madison Capital provides enterprise-value, leveraged financings for acquisitions, recapitalizations, MBOs and LBOs. Headquartered in Chicago, Madison Capital was founded in 2001 by six industry professionals and is an affiliate of New York Life Investment Management LLC. The company seeks to arrange financings up to $200 million and co-invest equity along with its clients where appropriate.

Guaranteed Products is recognized in its marketplace as a premier provider of traditional Guaranteed Investment Products, as evidenced by its consistently high sales ranking and strong market share. It has a presence in most stable value funds, and counts the majority of Fortune 100 companies as clients.

Fixed Income Investors Group is recognized as a top-tier investment organization. It is responsible for fixed income and equity investments that primarily serve the insurance portfolios of New York Life Insurance Company, and is a leading participant in most major capital markets. The group also provides investment advisory services to clients other than the general account.

Real Estate manages a portfolio of real estate debt and equity investments for New York Life Insurance Company and third-party investors. The group has a national presence through its five field offices located in major regions of the U.S., and is a full service, integrated unit responsible for real estate capital market activities. It has been a leading capital provider in the real estate industry for over 75 years.

Retirement Services offers a comprehensive line up of retirement programs to businesses of all sizes - from sole proprietors to large conglomerates. Products and services include both full service and unbundled programs across the spectrum of plan types, including both defined contribution and defined benefit plans. Access to a comprehensive array of investment options is provided, including group separate accounts, mutual funds, self-directed brokerage options, commingled funds and institutional separate accounts. Specialized bundled services are offered through New York Life Benefit Services LLC.

New York Life Trust Company FSB offers clients a complete range of personal trust services that are an important means of building and preserving their financial legacies. This New York Life affiliate provides professional trustee services and investment management to meet a wide range of objectives. Experienced trust professionals with law or business degrees provide their clients with comprehensive investment and tax services. When serving as a corporate trustee, NYLTC, FSB always maintains the highest degree of loyalty to the trust, its grantors, and its beneficiaries.
For more information, call 1-877-332-7916.

Institutional Capital Corporation With over $14 billion in assets under management, ICAP manages U.S. and international equity portfolios for some of the world’s largest and most respected corporations and institutions. ICAP also manages three highly regarded mutual funds: the ICAP Equity Fund, the ICAP Select Equity Fund and the ICAP International Fund. In 2005, Morningstar named ICAP’s International management team as the International-Stock Fund Manager of the Year and nominated ICAP’s Select Equity team for Domestic-Stock Fund Manager of the Year. For more information please call 1-800-221-ICAP (4227) or visit http://www.icapfunds.com

¹ Securities offered through NYLIFE Distributors LLC., 169 Lackawanna Avenue, Parsippany, NJ 07054.

* Please call 1-800-624-6782 for a prospectus. Investors are asked to consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus contains this and other information about the investment company. Please read the prospectus carefully before investing.