1. Roll Call — Friday, July 26, 2002 @ 9:00 A.M.

2. Consent Agenda

- Schedules A-S

- Minutes of June 28, 2002 Board Meeting

- Master Trustee Report

- Participation of New Unit of Government (1)

(Huntley Park District)

3. Schedule T — Report of Expenditures

4. Investment Manager Activities - Mercer Investment Consulting

(Stephanie Braming, Blake Pontius)

5. Report of Investment Committee Meeting of July 25, 2002.

6. Litigation Update

8. 2^nd Quarter Goals Update

9. Report of Executive Director

10. Trustee Comments

11. Public Comments

12. Adjourned at P.M. to Reconvene at 9:00 A.M. on Friday, August 23, 2002.