Fourth Quarter 2009 Market Commentary
January 15, 2010

We are pleased to provide you with a brief review of the major financial and economic developments from the from the Fourth Quarter of 2009 that have impacted your portfolio.

Our Financial Market and Economic Review, a web-based, multimedia service, traces the trajectory of the U.S. economy and highlights the latest action in the stock and bond markets. This complimentary quarterly Review also briefly examines two topical subjects. In this edition, we devote both of our feature presentations to a review of the last decade. In the first, we focus on the travails of the U.S. economy, including the jobs market. Our second feature considers the performance of stocks worldwide and investment-grade bonds in America. Based on "streaming" video and audio technology, the Review provides all of this information in the space of just about 10 minutes. To access the Review, simply click on this Market Commentary link.

We hope you like it.

As always, be sure to let us know what you think of this Review and if we can be of any assistance.