Dear Friends and Family,

In the first 4 months of 2010, 1.7 million jobs were created. The U.S. economy had lost 8.4 million jobs during the recession. At this rate, it would take 15 more months to recover the lost jobs. While concerns about Greece dominated headlines, we are here to help you distinguish between noise and meaningful developments.

Beginning this month, we will set up clients with access to monthly statements via a new web portal. You will receive a username and password from Morningstar to log in. The portal will provide updates on performance, research, and news relevant to your portfolio. Please call us if you have questions.

Fidelity.com will remain active for transactions and other account needs. If you chose electronic delivery, don’t forget to confirm consent via the Fidelity email.

Recent news highlights:

Existing home sales rose 7.6% in April to an annual rate of 5.77 million, up 22.8% versus a year ago.
• SEC will enhance market oversight following the May 6 ‘flash crash’. A 5-0 vote approved a proposal to aggregate real-time data and allow quick reconstructions of events.

We look forward to keeping in closer touch and sharing helpful insights with you in the months to come.

Sincerely,

Katz Family Financial