MONTANA BOARD OF INVESTMENTS

DEPARTMENT OF COMMERCE

2401 Colonial Drive, 3^rd Floor

Helena, Montana

Board Educational Seminar Agenda

April 14, 2005

8:00 a.m.	Welcome/Introduction	Terry Moore, Board Chairman
8:45	History/Overview	Carroll South, Executive Director
9:30	Unified Investment Program	Bob Bugni, Chief Investment Officer – Interim
10:00	Welcome	Governor Brian Schweitzer
10:30	Legal Issues	Pat Melby, Board Counsel
11:00	Domestic Equity Pool	Bob Bugni, Chief Investment Officer – Interim
11.30	Internal Domestic Equity	Rande Muffick, Assistant Investment Officer
12:00 p.m.	Lunch in Conference Room
12:30	International Equity Pool	Rich Cooley, Senior Investment Officer
1:00	Fixed Income	Rich Cooley, Senior Investment Officer
1:30	Private Equity Pool	Ed Kelly, Assistant Investment Officer
2:00	Treasury Cash Management	Ed Kelly, Assistant Investment Officer
2:15	In-State Investment Program	Delrene Rasmussen, Assistant Investment Officer
2:30	Coal Tax Trust Loans	Herb Kulow, Senior Portfolio Manager
3:00	Bond Programs	Louise Welsh, Bond Program Officer
3:30	Investment Accounting	Gayle Moon, Accounting Fiscal Manager
4:00	Adjourn