Although the statements of fact and data in this report have been obtained from, and are based upon, sources that the firm believes to be reliable,we do not guarantee their accuracy, and any such information may be incomplete or condensed. All opinions included in this report constitute the firm’s judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Past performance is not a guarantee of future results. S&P 500 INDEX: This world-renowned index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large-cap segment of the market, with over 80% coverage of U.S. equities, it is also viewed as a proxy for the total market. Performance results include all cash and cash equivalents, are time weighted and annualized for time periods greater than one year and include realized and unrealized capital gains and losses and reinvestment of dividends, interest and other income. The volatility of the index used for comparison may be materially different from that of the manager performance shown. Indexes are not available for direct investment. Index returns consist of income and capital appreciation (or depreciation) and do not take into account fees, taxes or other charges. Such fees and charges would reduce performance. ©2008 Citigroup Global Markets Inc. Member SIPC. Smith Barney, Consulting Group and Investment Advisory Services are divisions of Citigroup Global Markets Inc. Securities are offered through Smith Barney. Citigroup Global Markets Inc. and Citibank are affiliated companies under the common control of Citigroup Inc. Smith Barney is a service mark of Citigroup Global Markets Inc. and its affiliates and is used and registered throughout the world. Citi and Citi with Arc Design are trademarks and service marks of Citigroup Inc. and its affiliates and are used and registered throughout the world.Working WealthSM is a service mark of Citigroup Global Markets Inc.