• M&T Bank Corp. Added to DS 400
• Regions Financial Corp. added to DS 400
• XTO Energy Inc. Added to DS 400
• May 2005 Social Index Returns

European SRI Congress

Location:  Stockholm, Sweden
Date: June 8, 2005

15:35 PRESENTATION TOPIC: DEVELOPMENTS IN EVALUATING AND RATING COMPANIES FOR CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY PRACTICES.
For investors to be able to systematically process and evaluate social, environmental and governance risk, a range of tools and information are required. In this session a number of leading global service providers discuss their work in this area with an emphasis on how these services have developed and their application and value to investors and their advisers. The issues covered will include:

• Generating alpha
• Lowering investment risk and protecting value
• Risk - ratings & analysis
  

Speaker:  Peter Kinder, President and CEO

16:30 PRESENTATION TOPIC: INVESTMENT OPPORTUNITIES IN RENEWABLE AND CLEAN ENERGY, - ALTERNATIVE SRI PRODUCTS
This session examines some of the challenges of creating an index to address climate change: channelling capital into renewable energy; evaluating large companies with small renewable energy subsidiaries; the role of transitional fuels; diversification and risk issues.

As the market for responsible investment and governance related products has developed, a number of institutions have developed a range of products and services to meet this need. This session will explore the characteristics of these products and examine their appropriateness for a range of investors and circumstances. The session will include an evaluation of products such as:

• Private Equity
• Hedge funds
• Structured products
• Carbon products
• Bonds

Speaker:   Thomas Kuh, Ph.D., Managing Director - KLD Indexes

Location: Boulder, Colorado
Date: July 22, 2005

11:00 INNOVATIVE METHODS FOR TEACHING BUSINESS ETHICS

Speaker:  Peter Kinder, President and CEO