UMWA Cash Deferred Savings Plan of 1988

Investment Return Information

Participant Statement as of December 31, 2007

Performance results of the Plan's investment options and representative market indices for the designated periods are shown in the table below. Definitions of the representative market indices are on the back of this page.

Investment performance in your 401(k) Plan for the quarter reflects negative performance in the stock market and positive performance in the bond market.  While performance of these two asset classes can be volatile over the short term, historical market returns indicate that equities have generated a superior performance record over the long term.  Remember, however, that investment returns are only a part of the benefit that you receive by participation in your 401(k) Plan.  One of the primary advantages is that the contributions you make to the Plan are on a pre-tax basis. In addition, the earnings on your investments are not taxable until you begin to receive distributions.

The actual returns posted to your individual account will vary from the stated returns of the investment options you have chosen because your contributions are invested on an ongoing basis and only a portion of your contributions for the three months was invested during the entire period.

Representative Market Index Definitions

Lipper Money Market Average: The Lipper Money Market Average is the average of the entire classification of money market funds, which invest in high quality financial instruments (commercial paper, U.S. government securities, floating rate notes, domestic and foreign bank obligations, repurchase agreements and other short-term instruments) with maturities of less than 90 days. 

Lehman GNMA Index: The Lehman Brothers Government National Mortgage Association (GNMA) Index consists of all fixed-rate, single family, securitized mortgage pools backed by GNMA. 

Lipper GNMA Index: The Lipper GNMA Index represents a pool of over 50 mutual funds, which invest exclusively in the securities of GNMA and the U.S. Treasury.

Boston Trust Benchmark: The Boston Trust Benchmark is a composite index reflecting a 50% weighting in the S&P 500 Index and a 50% weighting in the Lehman Government/Credit (Lehman G/C) Index.  The Lehman G/C Index comprises all publicly issued, non-convertible, domestic debt of the U. S. government or any agency, quasi-federal corporation, or corporate debt guaranteed by the U.S. government, and domestic debt of three corporate classifications: industrial, utility, and financial.

Lipper Balanced Fund Index:  The Lipper Balanced Fund Index represents a pool of over 490 mutual funds that invest approximately half of the fund’s holdings in stocks and half in bonds.

S&P 500 Index: The Standard & Poor's (S&P) 500 Index is a broad-based measure of the change in aggregate market value of 500 common stocks that represent approximately 70% of the total U.S. equity market capitalization.