Uncertainty v. Consistency

Chart of the Week for September 27-October 4, 2002

Corporate scandals, economic concerns, and the possibility of war have all recently contributed to declining stock prices. And while each of these may be of legitimate concern to investors, they are nothing new to the market. Like now, the early 1970’s was a difficult time for investors. The country was at war and faced significant political and economic challenges. Yet regular $100 monthly investments in a balanced portfolio of 60% stocks and 40% bonds grew to about $304,000 from September, 1973 to August, 2002, despite the difficult environment and occasional fits of uncertainty along the way.

* This information is being provided for educational purposes and is not intended to be construed as or relied upon as investment advice. ICMA-RC does not offer specific tax or legal advice. Individuals are advised to consider any new investment strategies carefully prior to implementing. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 1-800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240, or by visiting www.icmarc.org. Please consult both the current Vantagepoint Funds prospectus and MAKING SOUND INVESTMENT DECISIONS: A Retirement Investment Guide carefully for a complete summary of all fees, expenses, charges, financial highlights and investment objectives, risks and performance information prior to investing any money. Vantagepoint securities are distributed by ICMA-RC Services LLC, a broker dealer affiliate of ICMA-RC, member NASD/SIPC. For a current prospectus, contact ICMA-RC Services LLC, 777 North Capitol Street NE, Washington, DC 20002-4240. 1-800-669-7400.