Business and Product Development Division
	INVESTMENTS ERVICES

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Clients will be regularly informed of their account's performance and any major developments in their investment portfolios. The Account Executive will also keep Wafra's product managers aware of any changes in a client's circumstances and objectives.

The Account Executive will carry on a flow of information and reporting with its client base, including updates on the firm's recent activities.

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Institutional Services
Wafra specializes in servicing institutional clients, including government investment agencies and other institutional clients.

Investment programs include those identified under each Wafra Division herein. Specialized products can often be designed to encompass a client's risk needs and any related moral issues, in order to tailor a portfolio that fits an institution's profile.

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Wholesale Services
Institutional clients may be offered the opportunity of marketing a Wafra product under their own logo and identity. In such a situation, the institution would act as a distribution center and a point of contact with its client base. Invariably the institution may wish to design its own investment products and ask Wafra to act as investment manager.

If an investment product cannot be developed internally by Wafra, alternative solutions outside of Wafra may be suggested and managed by Wafra.

Besides the extensive travel of members of the Division to meet with customers, reciprocal visits to the firm's office in New York are encouraged. Larger clients are also offered the opportunity of training programs for their senior staff at Wafra, or as available other U.S. financial institutions.

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Wafra Investment Advisory Group, Inc.
345 Park Avenue, 41st Floor New York, New York 10154-0101