STATUS REPORT

                                                    AS OF COB 6 NOVEMBER 2008

                                  FIDELITY INVESTMENT CHARITABLE GIFT FUND

                                     USMA CLASS OF 1958 PERPETUAL ENDOWMENT

 

  1. SINCE INCEPTION

 

Pool/Benchmark                   10/20/98                     11/06/08                     Change

Growth Pool                            $27.55                         $ 29.79                     +  8.1%    

EQ-Income                              $27.62                         $ 33.67                     + 21.9%

Dow                                          8533                            8696                        +   1.9%

NASDAQ                                1639                             1609                          -  1.8% 

S&P 500                                  1064                               905                         - 14.9%

 

                                               11/4/04                       11/06/08                    

 

International Pool                   $10.66                         $10.79                        +1.2%

Dow                                        10,315                            8696                      - 15.7%

NASDAQ                                 2,024                            1609                      - 20.5%

S & P 500                                 1,162                             905                       - 22.1%

 

  1. THIS YEAR

 

Pool/Benchmark                   1/1/08                        11/06/08                    

Growth Pool                          $49.74                          $29.79                      - 40.1%

EQ-Income                            $54.19                          $33.67                      - 37.9%

International                          $18.90                          $10.79                      - 42.9%

Dow                                      13,265                            8696                         -34.4%

NASDAQ                               2652                             1609                         -39.3%

S & P 500                               1468                               905                         -38.4%

 

  1. ASSET ALLOCATION

 

Pools                                                                      Current Values             Percent

International                                                             $ 82,028                          20.3%

            Growth                                                                       161,416                         39.7%

            EQ-Income                                                                 161,901                         40%             

 

  1. NET PROFIT/LOSS

 

Contributions Received                                      $34,668.38

    Disbursements                                                           0.00

    Undeposited Checks                                            $100.00

Amount Invested                                                 $34,568

Current Value                                                    $405,345

Net Loss for 2008 to date                                   $247,683                              -36.2%

 

  1. PERCENT DEPRECIATION THIS YEAR*

 

End of Year Value  (2007)                            $635,694

50 percent of 2008 deposits*                              17,334

     Total                                                           $653,028

Current Value                                                 $405,345

Percent Loss                                                          - 37.9%

Total Deposits from start to date                       $437,182

Percent Loss                                                           -  7.3%

 

*Approximating method, assuming half of deposits were available at beginning of year, rather than the total being invested in increments throughout the reporting period.