Finance Division

To:     Money Market Participants in the State Treasurer's Short-Term Investment
          Fund ("STIF") and the UNC-Chapel Hill Temporary Investment Pool
          ("Temp Pool")

From: Richard L. Mann, Vice Chancellor for Finance and Administration

Date:  June 25, 2009

A memo is now available at http://finance.unc.edu/images/stories/finance_admin/temp_stif_memo.pdf that provides participants in the above-referenced money market investment vehicles with an update on current money market and fixed income conditions and an associated estimated impact on distributions from the STIF and Temp Pool over the next year, at least.

This memo is also being distributed to Deans, Directors and Department Chairs.