September 11, 2002

TO: MEMBERS OF THE STATE BOARD OF HIGHER EDUCATION

A meeting of the Executive Committee of the State Board of Higher Education will be held on Friday, September 20, 2002. In addition, the Investment Committee will meet on Thursday, September 19, 2002. Both meetings will take place in Portland, Oregon, in accordance with the times, locations, and schedules listed below:

Thursday, September 19, 2002
3:30-5:30 p.m. Investment Committee
Offices of R. V. Kuhns & Associates
805 SW Broadway, Suite 2200
(Fox Tower Building-corner of Broadway & Yamhill)
Portland, Oregon

The purpose of the meeting is to take action on a change in the Investment Policy, receive the fourth quarter investment report for FY 2002, and discuss issues related to the foreign equity and fixed income managers.

Friday September 20, 2002
9 a.m. - noon Executive Committee
Room 236/4 (Cascade Room), Smith Memorial Student Union
Portland State University

The Executive Committee will take action on a PSU Urban Housing lease extension, the Oregon University System Audit Charters, and a resolution in the matter of refunding a bond sale. In addition, the Committee will hear reports on the OUS strategy for the 2001-2003 budget reductions and the Strategic Planning Ad Hoc Group status.

Telephone messages for Board members and institution officials attending the meetings may be left at (503) 725-4442. If special accommodations are required, please contact the Board's office at least 72 hours in advance. All docket materials are available on the OUS website at http://www.ous.edu/state_board_home.html.

Cordially,

Diane Vines
Secretary of the Board