CSF INVESTMENT COMMITTEE MEETS WITH INVESTMENT ADVISOR

The investment committee of CSF of BGM met July 31, 1998 with Scott Eltjes, Managing Director of Norwest Investment Advisors, the money managers for the CSF endowment fund.

Our advisors reported to the committee that the investment policy of the foundation is being followed. The investment policy was approved by the full Board of Trustees in 1998, with the investments of the foundation consisting of CD’s, bonds, and common stock.

Current members of the investment committee are Lyle Oswood, Rollie Harder, and Orville Bloethe. Jim Schwiebert has recently resigned and the foundation wants to thank Jim for all of his work during these past years.

Anyone wishing to make a contribution to the Foundation please contact Mary Jo Adams, Board of Trustee representative for the BGM School Board - Malcom, or any other Board member. You can also write to Box 469, Brooklyn, Iowa 52211.