Notice of Intent to Award Investment Product Contracts

August 3, 2007

NOTICE OF INTENT TO AWARD REQUEST FOR PROPOSAL #700-07-02

Investment Products

November 1, 2007 through October 31, 2012

The Deptartment of Personnel Administration intends to award contracts for the following investment products to:

Stable Value

Dwight Asset Management Company

100 Bank Street, Suite 800

Burlington, VT 05401

Bond (actively managed)

Western Asset Management Company

385 East Colorado Boulevard

Pasadena, CA 91101

Mid Capitalization Growth Equity (actively managed)

T. Rowe Price Retirement Plan Services

333 Bush Street, Suite 2550

San Francisco, CA 94101-2800

Questions should be directed to:

Sarah Reeder

Department of Personnel Administration

Contracts Management Unit

1515 S Street, North Building, Suite 400

Sacramento, CA 95811

(916) 324-0519

Notice expires: August 9, 2007, 5:00 p.m. (PT)

Updated August 1, 2007 at 5:20 PM.