PERAC Memo #22 - 1998: Investment Manager, Consultant, and Custodian Listing

PERAC MEMO #22/1998 M E M O R A N D U M TO: Investment Managers FROM: Robert F. Stalnaker, Executive Director RE: Investment Manager, Consultant, and Custodian Listing DATE: May 29, 1998 We are pleased to announce a listing of the investment managers, consultants, and custodians retained by each retirement system as of December 31, 1997. This information is available on PERAC’s Home Page under the Investment Unit Section of PERAC’s Organizational Units. Our Internet address is: WAIVER/PRIT DATE ADAMS RETIREMENT SYSTEM Taylor Investments 5-25-89 Custodian: BankBoston AMESBURY RETIREMENT SYSTEM Bank of Ireland Group Trust SAF International Equity Sub Trust RhumbLine S&P 500 Index Fund State Street Daily Bond Market Fund 9-8-93 2-12-97 2-12-97 Consultant: Advest Custom Consulting ANDOVER RETIREMENT SYSTEM Harbor Capital Management 12-31-93 Custodian: State Street ARLINGTON RETIREMENT SYSTEM Fleet Investment Advisors State Street Bank and Trust State Street Global Advisors International Index Fund Flagship S&P 500 Index Fund 3-5-85 2-6-92 2-15-95 2-15-95 Consultant: Wilshire Associates Custodian: State Street ATHOL RETIREMENT SYSTEM Fleet Investment Advisors 6-25-85 Custodian: Fleet Bank The following is a list of each retirement system and the investment manager with the corresponding waiver approval dates, consultant, and custodian retained by each retirement system as of December 31, 1997. WAIVER/PRIT DATE ATTLEBORO RETIREMENT SYSTEM BayBanks Investment Management, Inc. PaineWebber Equity II Fund BayBank Small Cap Fund World Asset Management S&P 500 Fund Smith Barney Collective Trust Fund-International Equity Subfund 4-1-85 12-22-88 5-4-95 12-21-95 8-13-97 Consultant: Segal Advisors Custodian: BankBoston BARNSTABLE COUNTY RETIREMENT SYSTEM Allegis Realty Investors LLC U.S. Trust Company Putnam Advisory Company Thompson, Siegel & Walmsley Columbus Circle Investors Bank of Ireland Asset Management 7-27-89 4-24-92 9-30-93 9-30-93 10-10-96 10-10-96 Consultant: William M. Mercer Custodian: State Street BELMONT RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund Oppenheimer Capital Putnam World Income Trust Putnam International Trust 5-24-89 6-30-89 11-19-92 11-19-92 Consultant: New England Pension Consultants Custodian: BankBoston BERKSHIRE COUNTY RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund Freedom Capital Management Corporation SSGA/Freedom Equity Style Fund 2-23-87 7-7-93 10-23-97 Custodian: BankBoston WAIVER/PRIT DATE BEVERLY RETIREMENT SYSTEM Allegis Realty Investors LLC PanAgora TAA Equity Fund Income Research & Management Putnam World Income Trust Bank of Ireland Group Trust SAF International Equity Sub Trust Loomis Sayles & Company 8-31-89 6-24-92 1-21-93 7-21-94 7-21-94 3-28-96 Consultant: New England Pen sion Consultants Custodian: State Street BLUE HILLS REG. SCHOOL RETIREMENT SYSTEM David L. Babson 4-12-85 Custodian: BankBoston BOSTON RETIREMENT SYSTEM Wellington Management Company Liberty Asset Management PanAgora Asset Management Oechsle International Advisors LaSalle Advisors INVESCO Realty Advisors Frank Russell Trust Company Public Storage Institutional Fund II Copley Partners I & II State Street Bank and Trust Richmond Capital Management Back Bay Advisors Metric Institutional Realty Advisors Heitman Advisory Corporation MIG Realty Advisors Shurgard Institutional Fund L.P. II 2-21-85 11-14-86 11-14-86 6-30-87 8-11-87 8-11-87 8-11-87 8-11-87 8-11-87 12-12-88 9-7-89 9-7-89 9-7-89 11-17-89 12-19-89 5-11-90 WAIVER/PRIT DATE BOSTON RETIREMENT SYSTEM ( continued ) T. H. Lee Equity Partners, L.P. BEA Associates, Inc. Schroder Real Estate Value Enhancement Fund B L.P. New England Growth Fund I, L.P. RhumbLine Group Trust Zevenbergen Capital Chancellor Capital Management Templeton Investment Counsel Strategic Fixed Income, L.P. Essex Investment Management Company The Boston Company INVESCO Realty Advisors New England Growth Fund II J&W Seligman & Company, Inc. J.P. Morgan Investment Counsel Thomas H. Lee Equity Advisors IV, LLC Monitor Clipper Equity Partners, L.P. 5-11-90 4-25-91 5-5-92 7-16-92 5-25-93 5-25-93 1-27-94 11-17-94 8-10-95 8-8-96 8-8-96 10-3-96 12-17-96 1-27-97 10-14-97 12-16-97 12-30-97 Consultant: Callan Associates, Inc. Custodian: State Street BRAINTREE RETIREMENT SYSTEM 1838 Investment Advisors The Boston Company International Equity Fund Metric Apartment Co-Investment Trust Fund (MAC Trust) Flagship S&P 500 Index Fund The Boston Company Premier Value Equity Fund 9-9-86 12-28-95 12-28-95 2-9-96 9-12-97 Consultant: Advest Custom Consulting Custodian: State Street WAIVER/PRIT DATE BRISTOL COUNTY RETIREMENT SYSTEM Palmer Organization III L.P. Charles River Partnership VII Metric Apartment Co-Investment Trust Fund (MAC Trust) Freedom Capital Management Corporation The Boston Company Small Cap Value Fund Amerindo Investment Advisors, Inc. New England Growth Fund II, L.P. Freedom Capital Management Corporation Income Research & Management UNC Capital, L.P. Warburg Pincus Counsellors, Inc. State Street Bond Market Index Fund Hancock ForesTree IV, L.P. Irish Life International Equity Product Charles River Partnership VIII SSR Apartment Value Fund, L.P. SSGA/Freedom Equity Style Fund 5-20-87 9-29-94 9-29-94 7-27-95 9-19-96 9-26-96 9-26-96 10-3-96 10-24-96 11-6-96 11-6-96 12-2-96 12-13-96 12-18-96 5-7-97 8-13-97 12-4-97 Consultant: Dahab Associates Custodian: BankBoston BROCKTON RETIREMENT SYSTEM Loomis Sayles & Company Freedom Capital Management Corporation L&B Real Estate Counsel IV Bank of Ireland Group Trust SAF International Equity Sub Trust Boston Capital Ventures II Alliance Capital Management Boston Capital Ventures III Delaware International Global Fixed Income Portfolio Pioneer Ventures, L.P. II Metric Apartment Co-Investment Trust Fund (MAC Trust) New England Growth Fund II Phoenix Real Estate Advisors (RESA) First America Asia Fund I LLC 6-7-89 6-7-89 5-11-90 6-15-90 11-26-91 3-24-93 12-15-94 1-12-95 3-1-95 12-7-95 9-25-97 10-7-97 10-14-97 Consultant: H.C. Wainwright Custodian: Mellon Trust WAIVER/PRIT DATE BROOKLINE RETIREMENT SYSTEM State Street Research & Management Company State Street Research & Management Company - International Pension Reserves Investment Trust (PRIT) Fund Loomis Sayles & Company Guinness Flight International Equity Group Trust 6-26-86 8-24-89 9-30-89 1-28-93 3-7-96 Consultant: Wyatt Investme nt Consulting, Inc. Custodian: State Street CAMBRIDGE RETIREMENT SYSTEM Freedom Capital Management Corporation Allegis Congregate Care Fund Wellington Management Company State Street Research & Management Company Bank of Ireland Group Trust SAF International Equity Sub Trust Fleet Investment Advisors Charles River Partnership VII Pioneer Ventures, L.P. II Income Research & Management Flagship S&P 500 Index Fund State Street Russell 1000 Growth Fund Putnam Core Growth Equity Management Charles River Partnership VIII Carey Institutional Properties Fund Hancock ForesTree V Fund 11-9-90 11-9-90 11-9-90 11-9-90 11-9-90 7-16-93 1-30-95 1-30-95 6-21-95 3-7-96 3-7-96 10-3-96 6-10-97 8-13-97 9-3-97 Consultant: Segal Advisors Custodian: State Street CHELSEA RETIREMENT SYSTEM BayBanks Investment Management, Inc. EuroPacific Growth Fund BayBank Small Cap Fund Massachusetts Financial Services Bond Fund -A 8-24-89 7-21-94 4-13-95 2-8-96 Custodian: BankBoston WAIVER/PRIT DATE CHICOPEE RETIREMENT SYSTEM Freedom Capital Management Corporation State Street Research & Management Company MassMutual Participation Investors Metric Institutional Apartment Fund II MetLife/State Street Research Small Cap Fund #96 MetLife/State Street Research Growth Equity #40 Scottish Equitable Invest. Mgmt. Ltd Pooled Trust-Int’l Equity Inv Fund Pension Reserves Investment Trust (PRIT) Fund 6-26-86 11-24-89 11-27-91 2-18-92 11-2-95 11-2-95 12-14-95 11-1-97 Custodian: BankBoston CLINTON RETIREMENT SYSTEM Pimco Low Duration Fund Pimco Total Return Fund Mutual Series Beacon Fund 20th Century Ultra Fund Templeton Foreign Fund Cash Management Trust Washington Mutual Investors Fund Cohen & Steers Realty Shares, Inc. 7-7-94 7-7-94 7-21-94 7-21-94 7-21-94 10-19-95 10-19-95 4-23-97 Consultant: Tru st Advisory Group Custodian: BankBoston CONCORD RETIREMENT SYSTEM Fleet Investment Advisors Frank Russell Equity I Fund Pension Reserves Investment Trust (PRIT) Fund Frank Russell Tactical Asset Fund Galaxy Fund Frank Russell Equity II Fund Frank Russell International Fund 5-21-86 5-21-86 6-1-90 11-22-95 12-28-95 1-25-96 1-25-96 Custodian: Fleet Bank WAIVER/PRIT DATE DANVERS RETIREMENT SYSTEM Boston Financial Management, Inc. 4-3-85 Custodian: State Street DEDHAM RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 6-30-88 DUKES COUNTY RETIREMENT SYSTEM BayBanks Investment Management, Inc. Pension Reserves Investment Trust (PRIT) Fund 5-12-92 1-4-96 Consultant: Dahab Associates Custodian: BankBoston EASTHAMPTON RETIREMENT SYSTEM Wright Investors' Service 10-13-93 Custodian: Investors Bank & Trust/Greenfield Savings Bank ESSEX COUNTY RETIREMENT SYSTEM Freedom Capital Management Corporation State Street Research & Management Company Bank of Ireland Group Trust SAF International Equity Sub Trust David L. Babson L&B 90’s Investment Program MetLife Tower Fund Castlerock Capital Management Hutchens Investment Management Sector Plus Group Trust 5-6-85 1-4-90 2-10-94 3-10-94 10-19-95 10-19-95 4-23-97 5-7-97 9-12-97 Alliance Capital Management Health Sector Fund Miller/Howard Investments Utility Sector Fund Dreman Value Advisors Finance Sector Fund Barrow, Hanley, Mewhinney & Strauss Consumer Non-Durables Sector Fund 9-12-97 9-12-97 9-12-97 9-12-97 WAIVER/PRIT DATE ESSEX COUNTY RETIREMENT SYSTEM (continued ) RCM Capital Management Technology Sector Fund NewSouth Capital Management Transportation Sector Fund NewSouth Capital Management Consumer Durables Sector Fund The Mitchell Group Energy Sector Fund Ashland Management Materials and Services Sector Fund Hallmark Capital Management Capital Goods Sector Fund SSGA/Freedom Equity Style Fund 9-12-97 9-12-97 9-12-97 9-12-97 9-12-97 9-25-97 11-13-97 Consultant: Segal Advisors Custodian: BankBoston EVERETT RETIREMENT SYSTEM BayBanks Investment Management, Inc. New England Growth Fund I, L.P. BayBank Small Cap Fund New England Growth Fund II, L.P. 2-15-85 6-30-93 4-26-95 11-9-95 Custodian: BankBoston FAIRHAVEN RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-86 FALL RIVER RETIREMENT SYSTEM Freedom Capital Management Corporation State Street Daily Active Developed Markets Fund State Street Matrix Small Cap Fund State Street Daily Bond Market Fund SSGA/Freedom Equity Style Fund 4-26-95 8-22-96 8-28-97 8-28-97 11-13-97 Custodian: BankBoston WAIVER/PRIT DATE FALMOUTH RETIREMENT SYSTEM Cutler & Company LLC Freedom Capital Management Corporation 8-29-97 10-16-97 Consultant: Advest Custom Consulting Custodian: State Street FITCHBURG RETIREMENT SYSTEM Safety Fund National Bank 4-19-85 Consultant: Segal Advisors Custodian: Safety Fund National Bank FRAMINGHAM RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund State Street Growth Equity Fund #40 MetLife Broad Market Fund #41 GFM International Investment Bond Fund #64 MetLife/State Street Research Small Cap Fd #96 Allmerica Asset Management Core Fixed Income Fund 11-28-86 10-17-90 10-17-90 10-9-91 12-28-95 12-28-95 FRANKLIN COUNTY RETIREMENT SYSTEM Freedom Capital Management Corporation Metropolitan Life Market Plus #110 3-31-88 4-24-92 Custodian: State Street GARDNER RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 12-1-86 WAIVER/PRIT DATE GLOUCESTER RETIREMENT SYSTEM Freedom Capital Management Corporation Miller Anderson & Sherrerd INVESCO Trust International Equity Fund MAS Fixed Income Portfolio MAS Large Cap Value Product 4-19-85 7-27-95 1-11-96 9-25-97 9-25-97 Consultant: New England Pension Consultants Custodian: BankBoston GREATER LAWRENCE SAN. DIST. RETIREMENT SYSTEM Beacon Fiduciary Advisors, Inc. 5-23-90 Custodian: Brown Brothers Harriman GREENFIELD RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund PaineWebber Equity III Fund Harbor Capital Management Babson-Stewart Ivory International Fund L.P. III David L. Babson & Company 2-25-87 4-17-89 3-14-91 9-30-93 7-16-97 Consultant: Advest Custom Consulting Custodian: State Street HAMPDEN COUNTY RETIREMENT SYSTEM Freedom Capital Management Corporation Wellington Management Strategic Total Return Collective Inv. Fund Brandes International Equity Trust Dreyfus Core Small Cap Fund Fidelity Real Estate High Income Fund II Fidelity Real Estate Asset Management II, L.P. Sirach Capital Management SSGA/Freedom Equity Style Fund 10-13-88 5-8-91 8-8-96 9-12-96 10-29-96 10-29-96 4-30-97 11-13-97 Consultant: Segal Advisors Custodian: BankBoston WAIVER/PRIT DATE HAMPSHIRE COUNTY RETIREMENT SYSTEM Bank of Ireland Group Trust SAF International Equity Sub Trust L&B Real Estate Counsel Fund IV Shurgard Institutional Fund L.P. II RhumbLine Group Trust Sentinel Realty Partners II Freedom Capital Management Corporation Van Kampen Merritt Management, Inc. John Hancock Special Equity Fund 12-12-90 1-29-91 1-29-92 2-25-92 6-3-93 12-22-94 12-22-94 8-8-96 Consultant: Dahab Associates Custodian: State Street HAVERHILL RETIREMENT SYSTEM L&B Real Estate Counsel Fund III New England Growth Fund I, L.P. Babson-Stewart Ivory International Fund L.P. III Commonwealth BioVentures Fund IV L&B Real Estate Counsel Fund IV Metric Apartment Co-Investment Trust Fund (MAC Trust) Bank of Ireland Group Trust SAF International Equity Sub Trust North Bridge Venture Partners RII Timberland III L.L.C. Hutchens Investment Management Alliance Capital Management American Express Asset Management Hambro Northern Ireland Venture Partners Standard Asset Group Cutler & Company, Inc. Montgomery Institutional Series: Emerging Markets Portfolio Redwood Capital Partners, II RII Weyerhaeuser World Timberfund L.P. SSR Apartment Value Fund, L.P. 10-27-88 1-21-92 1-21-92 1-21-92 1-21-92 7-29-93 8-5-93 3-24-94 6-21-95 8-3-95 10-5-95 12-21-95 12-28-95 12-28-95 1-25-96 3-7-96 7-25-96 10-17-96 8-13-97 Consultant: H.C. Wainwright Custodian: BankBoston WAIVER/PRIT DATE HINGHAM RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-90 HOLYOKE RETIREMENT SYSTEM Freedom Capital Management Corporation Dreyfus Small Cap Fund Fidelity Real Estate Asset Management II, L.P. Fidelity Real Estate High Income Fund II SSGA/Freedom Equity Style Fund IRT International Equity Fund 12-6-85 8-29-96 10-24-96 10-24-96 12-12-97 12-31-97 Consultant: Segal Advisors Custodian: BankBoston HULL RETIREMENT SYSTEM Strategic Active Management Bond Fund Strategic Active Management Stock Fund Matrix Equity Commingled Fund Freedom Capital Management Corporation State Street Global Advisors Balanced Growth Fund 12-28-95 12-28-95 12-28-95 2-8-96 4-30-97 Custodian: State Street LAWRENCE RETIREMENT SYSTEM National Investment Services of America 1-24-86 Consultant: New England Pension Consultants Custodian: BankBoston LEOMINSTER RETIREMENT SYSTEM Safety Fund National Bank Templeton Foreign Equity Series Fund 4-1-85 11-13-97 Consultant: Advest Custom Consulting Custodian: Safety Fund National Bank WAIVER/PRIT DATE LEXINGTON RETIREMENT SYSTEM Wellington Management Company Fidelity Capital Appreciation Fund Fidelity Contra Fund Fidelity Magellen Fund Fidelity Value Fund Fidelity Fund Fidelity Mid-Cap Portfolio Fidelity Growth & Income Fund Fidelity Equity Income Fund 1-25-89 3-31-94 3-31-94 3-31-94 3-31-94 3-31-94 9-19-96 9-19-96 9-19-96 Custodian: BankBoston LOWELL RETIREMENT SYSTEM Fleet Investment Advisers Metric Institutional Apartment Fund I Charles River Partnership VI-A Heitman Real Estate Fund V L&B Real Estate Counsel Fund IV New England Growth Fund I, L.P. Bank of Ireland Group Trust SAF International Equity Sub Trust Harbor Capital Management Metric Apartment Co-Investment Trust Fund (MAC Trust) Federated Short Term Income Fund Charles River Partnership VII Brandywine Group Trust Fund Freedom Capital Management Corporation Pioneer Ventures, L.P. II QCI Asset Management North Atlantic Venture Fund II Cutler & Company LLC Charles River Partnership VIII New England Growth Fund II SSR Apartment Value Fund, L.P. 9-14-89 2-8-90 5-2-91 1-14-92 1-14-92 2-19-92 8-5-93 2-3-94 2-3-94 12-15-94 12-15-94 5-4-95 7-27-95 11-9-95 11-9-95 12-7-95 8-15-96 5-7-97 9-25-97 8-19-97 Consultant: Advest Custom Consulting Custodian: BankBoston WAIVER/PRIT DATE LYNN RETIREMENT SYSTEM de Burlo Group Palmer Organization III L.P. MetLife Tower Fund J&W Seligman & Company, Inc. Freedom Capital Management Corporation Smith Barney International Equity Collective Trust State Street Russell 1000 Growth Index Fund 3-26-85 5-20-87 6-21-95 6-21-95 6-21-95 6-21-95 10-8-97 Consultant: Segal Advisors Custodian: BankBoston MALDEN RETIREMENT SYSTEM de Burlo Group 3-27-85 Custodian: State Street MARBLEHEAD RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 2-1-94 MARLBOROUGH RETIREMENT SYSTEM Freedom Capital Management Corporation Putnam International Trust Metric Apartment Co-Investment Trust Fund (MAC Trust) L&B 90's Investment Program 6-23-88 1-27-94 1-12-95 4-19-95 Custodian: BankBoston WAIVER/PRIT DATE MASS. HOUSING FINANCE AUTHORITY RETIREMENT SYSTEM Freedom Capital Management Corporation Van Kampen Merritt Management, Inc. Pioneer Ventures, L.P. II 3-30-93 3-30-93 3-14-96 Consultant: Dahab Associates Custodian: BankBoston MASS. PORT AUTHORITY RETIREMENT SYSTEM Wellington Management Company Copley Partners I & II Wellington Trust Company International Stock Portfolio Wellington Mid Cap Portfolio Wellington Small Cap Portfolio Essex Investment Management Company Trust Fund Investment Advisors Templeton Investment Counsel, Inc. 2-7-85 10-22-86 11-24-89 11-9-95 11-9-95 6-20-97 6-20-97 11-13-97 Consultant: A dvest Custom Consulting Custodian: State Street MASS. TURNPIKE AUTHORITY RETIREMENT SYSTEM PanAgora U.S. Equity Market Group Trust PanAgora Bond Index Fund Wellington Management Company Freedom Capital Management Corporation Oppenheimer Capital Bank of Ireland Group Trust SAF International Equity Sub Trust The Kenwood Group 4-4-94 4-4-94 4-4-94 2-6-95 11-2-95 5-9-96 11-26-97 Consultant: New England Pension Consultants Custodian: State Street WAIVER/PRIT DATE MASS. WATER RESOURCE AUTHORITY RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund Bank of Ireland Group Trust SAF International Equity Sub Trust Putnam Core Growth Equity Fund L&B 90's Investment Program Metric Apartment Co-Investment Trust Fund (MAC Trust) Equitable Real Estate Prime Property Fund MIG Residential REIT Fund INVESCO, Inc. Ticonderoga Partners III Pioneer Ventures, L.P. II Brandywine International Value Equity Fund Boston Capital Ventures III Loomis Sayles & Company, L.P. RhumbLine S&P 500 Index Fund Boston Partners Asset Management, L.P. 2-1-88 6-10-93 6-10-93 4-19-95 4-19-95 4-19-95 5-26-95 8-3-95 10-12-95 9-7-95 9-7-95 9-7-95 11-22-96 11-22-96 11-22-96 Consultant: Advest Custom Consulting Custodian: BankBoston MAYNARD RETIREMENT SYSTEM BayBanks Investment Management, Inc. BayBank Small Cap Fund 12-4-91 4-19-95 Custodian: BankBoston MEDFORD RETIREMENT SYSTEM Fleet Investment Advisors L&B Real Estate Fund IV Connecticut Investment Management, Inc. Loomis Sayles & Company Glickenhaus & Company Metric Apartment Co-Investment Trust Fund (MAC Trust) RhumbLine Advisers INVESCO Trust International Equity Fund 3-14-85 3-12-90 8-14-91 7-7-94 7-7-94 1-12-95 7-3-95 9-19-96 Consultant: Advest Custom Consulting Custodian: State Street WAIVER/PRIT DATE MELROSE RETIREMENT SYSTEM Fleet Investment Advisors EuroPacific Growth Fund Fleet Small Cap Equity Fund 4-3-85 3-25-92 11-13-97 Custodian: Fleet Bank METHUEN RETIREMENT SYSTEM David L. Babson Brandes International Equity Trust 10-16-86 9-19-96 Consultant: Segal Advisors Custodian: Fleet Bank MIDDLESEX COUNTY RETIREMENT SYSTEM Fleet Investment Advisors Oppenheimer Capital Income Research & Management L&B Real Estate Fund IV Metric Institutional Apartment Fund I MetLife Tower Fund Bank of Ireland Group Trust SAF International Equity Sub Trust Alliance Capital Management Commonwealth BioVentures Fund III Charles River Partnership VI-A New England Growth Fund I, L.P. Metric Institutional Apartment Fund II Rice Mezzanine Lenders III, L.P. Equitable Real Estate Value Enhancement Fund Loomis Sayles & Company Van Kampen Merritt Management, Inc. 3-26-85 8-25-87 9-28-89 2-1-90 2-1-90 2-1-90 1-10-91 1-10-91 3-27-91 4-10-91 2-18-92 2-18-92 2-18-92 12-10-92 12-10-92 12-10-92 WAIVER/PRIT DATE MIDDLESEX COUNTY RETIREMENT SYSTEM ( continued ) Diversified Investment Advisors Putnam International Trust Merrill Lynch Preservation Trust Fund Harbor Capital Management J&W Seligman & Company, Inc. Metric Apartment Co-Investment Trust Fund (MAC Trust) Corcoran Jennison Apartment Fund Weiss, Peck & Greer Corporate Development IV, L.P Zero Stage Capital L.P. Fund V Guinness Flight Global Group Trust American Express Asset Management Pioneer Ventures, L.P. II Seix Investment Advisors Bachow and Associates Fund III Standard Asset Group Freedom Capital Management Corporation RII Timberland III L.L.C. Cutler & Company, Inc. Hambro Northern Ireland Venture Partners AIB Irish Equity Portfolio North Atlantic Venture Fund II Phoenix Real Estate Advisors (RESA) AFL-CIO Housing Investment Trust Harbor Capital Management New England Growth Fund II, L.P. Irish Life International Equity Product RII Weyerhaeuser World Timberfund, L.P. Salus Market Neutral Conservative Investment Fund Montgomery Institutional Series: Emerging Markets Fund Sentinel Realty Partners III, L.P. PRISM Venture Partners I, L.P. Hambro European Ventures ERE Value Enhancement Fund III First America Asia Fund I, LLC Boston Millennia Partners, L.P. 3-3-93 4-8-93 4-8-93 7-16-93 12-2-93 12-9-93 1-27-94 3-10-94 6-30-94 8-4-94 8-11-94 10-13-94 11-7-94 12-15-94 6-21-95 6-21-95 6-21-95 7-26-95 11-30-95 12-7-95 12-7-95 12-28-95 5-2-96 8-15-96 12-2-96 12-11-96 12-11-96 2-5-97 4-9-97 5-7-97 5-7-97 6-20-97 10-3-97 10-14-97 10-28-97 Consultant: H.C. Wainwright Custodian: Mellon Trust WAIVER/PRIT DATE MILFORD RETIREMENT SYSTEM BayBanks Investment Management, Inc. BayBank Small Cap Fund 1-18-89 4-26-95 Consultant: Advest Custom Consulting Custodian: BankBoston MILTON RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-86 MINUTEMAN REG. SCHOOL DIST. RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-85 MONTAGUE RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-86 NATICK RETIREMENT SYSTEM United Investment Counsel MetLife Bond Fund #135 Hotchkis and Wiley International Equity Group Trust John McStay Investment Counsel 3-14-85 2-15-95 5-31-96 7-16-97 Consultant: Advest Custom Consulting Custodian: BankBoston NEEDHAM RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-85 WAIVER/PRIT DATE NEW BEDFORD RETIREMENT SYSTEM Massachusetts Financial Services Aeltus Investment Management, Inc. Allegis Realty Investors LLC Aeltus - International Equity Pension Reserves Investment Trust (PRIT) Fund BayBanks Investment Management, Inc. Irish Life International Equity Product The Boston Company Pooled Employees International Equity Fund ARM Capital Advisors, Inc. Loomis Sayles Fixed Income Fund 6-15-89 6-15-89 6-15-89 6-15-89 4-1-92 10-1-92 4-16-97 4-23-97 4-30-97 5-28-97 Consultant: Wyatt Investment Consulting, Inc. Custodian: BankBoston NEWBURYPORT RETIREMENT SYSTEM Boston Financial Management, Inc. 3-28-85 Custodian: State Street NEWTON RETIREMENT SYSTEM 1838 Investment Advisors Freedom Capital Management Corporation David L. Babson Putnam International Trust Wellington Domestic Core Bond Portfolio Wellington U.S. High Yield Portfolio Wellington International Bond Pool Portfolio Mellon Russell 1000 Growth Index Fund IAI Growth Equity Collective Fund Putnam Mid-Cap Equity Portfolio Wellington Trust Company High Yield Bond Portfolio 3-19-87 3-19-87 1-21-92 5-27-93 3-8-95 3-8-95 3-8-95 3-7-96 5-30-96 5-30-96 6-20-97 Consultant: Segal Advisors Custodian: Mellon Trust WAIVER/PRIT DATE NORFOLK COUNTY RETIREMENT SYSTEM Wellington Management Company Loomis Sayles & Company RhumbLine Advisers Bank of Ireland Group Trust SAF International Equity Sub Trust Guinness Flight Global Group Trust New England Growth Fund II, L.P. State Street Russell 1000 Value Fund State Street Russell 1000 Growth Fund State Street Russell 2000 Value Fund State Street Russell 2000 Growth Fund State Street S&P Midcap Fund State Street International Index Fund State Street Passive Emerging Markets Fund State Street Government Corporate (GC) Bond Fund State Street Intermediate Bond Fund State Street International Fixed Income Fund State Street REIT Fund Halpern Denny Fund II, L.P. Sentinel Realty Partners III, L.P. First America Asia Fund I, LLC Boston Millennia Partners, L.P. ERE Value Enhancement Fund III Phoenix Real Estate Advisors (RESA) 6-24-93 12-23-93 7-7-94 3-8-95 3-8-95 3-21-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 6-27-97 10-30-97 12-4-97 12-4-97 12-12-97 12-18-97 12-18-97 Consultant: H. C. Wainwright Custodian: BankBoston NORTH ADAMS RETIREMENT SYSTEM de Burlo Group 3-25-85 Custodian: Fleet Bank WAIVER/PRIT DATE NORTH ATTLEBORO RETIREMENT SYSTEM PaineWebber Properties III PaineWebber Properties II PaineWebber Independent Living Mortgage Fund Fleet Investment Advisors RhumbLine Group Trust Freedom Capital Management Corporation The Boston Company International Equity Fund 10-27-88 6-22-89 7-13-89 12-26-90 10-1-92 2-11-93 8-15-96 Consultant: Advest Custom Consulting Custodian: BankBoston NORTHAMPTON RETIREMENT SYSTEM de Burlo Group 4-18-85 Custodian: BankBoston NORTHBRIDGE RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 1-1-88 NORWOOD RETIREMENT SYSTEM Dean Witter Realty Yield Plus EuroPacific Growth Fund David L. Babson Boston Company Legg Mason Capital Management 11-2-89 1-7-92 10-27-94 10-27-94 11-17-94 Consultant: William M. Mercer Custodian: BankBoston PEABODY RETIREMENT SYSTEM Freedom Capital Management Corporation The Boston Company International Equity Fund 7-8-85 4-11-96 Custodian: BankBoston WAIVER/PRIT DATE PITTSFIELD RETIREMENT SYSTEM Freedom Capital Management Corporation Babson-Stewart Ivory International Fund L.P. III Wright Investors’ Service Irish Life Investment Managers International Equity Fund SSGA/Freedom Equity Style Fund 6-15-89 1-31-96 2-29-96 6-20-97 11-13-97 Custodian: BankBoston PLYMOUTH RETIREMENT SYSTEM Morgan Grenfell Investment Trust Templeton Institutional Fund, Foreign Equity Series Loomis Sayles & Company Eaton Vance Management INVESCO Capital Management, Inc. 7-7-94 7-7-94 12-22-94 6-21-95 4-4-96 Consultant: New England Pension Consultants Custodian: State Street PLYMOUTH COUNTY RETIREMENT SYSTEM Internal - John McLellan L&B Real Estate Counsel III Babson-Stewart Ivory International Fund L.P. III Shurgard Institutional Fund L.P. I Metric Institutional Apartment Fund I Charles River Partnership VI-A New England Growth Fund I, L.P. Metric Apartment Co-Investment Trust Fund (MAC Trust) Charles River Partnership VII Bank of Ireland Asset Management Keystone Investment Management Corporation Van Kampen American Capital Management Fleet Investment Advisors 5-14-85 5-4-89 5-4-89 5-4-89 10-5-89 3-26-91 7-1-92 1-27-94 10-27-94 3-1-95 3-15-95 3-15-95 3-22-95 WAIVER/PRIT DATE PLYMOUTH COUNTY RETIREMENT SYSTEM ( continued ) Wellington International Stock Fund Brandywine International Value Equity Portfolio New England Growth Fund II, L.P. Metric Institutional Apartment Fund II Charles River Partnership VIII SSR Apartment Value Fund, L.P. Putnam Investments Brinson Partners, Inc. Cutler & Company Delaware Investment Advisors RhumbLine Russell 200 Index Fund 3-30-95 6-14-95 11-9-95 12-11-96 5-9-97 8-22-97 9-12-97 9-12-97 9-12-97 10-3-97 10-3-97 Consultant: Advest Custom Consulting Custodian: State Street QUINCY RETIREMENT SYSTEM Massachusetts Financial Services Pension Reserves Investment Trust (PRIT) Fund RhumbLine South Africa Free Group Trust Freedom Capital Management Corporation Aeltus Investment Management - DAM Account RhumbLine Extended Market Fund State Street Daily Government Corporate Fund INVESCO Global International Equity Fund 2-9-89 3-1-90 3-13-92 11-17-94 5-4-95 11-6-96 11-22-96 12-18-97 Consultant: Wyatt Investment Consulting, Inc. Custodian: State Street READING RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 6-1-88 REVERE RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 10-3-94 WAIVER/PRIT DATE SALEM RETIREMENT SYSTEM Freedom Capital Management Corporation PaineWebber Properties III 1838 Investment Advisors Bank of Ireland Group Trust SAF International Equity Sub Trust Income Research & Management Wellington Mid Cap Portfolio 11-17-88 11-17-88 4-12-90 8-4-94 9-25-97 9-25-97 Custodian: BankBoston SAUGUS RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-86 SHREWSBURY RETIREMENT SYSTEM Income Research & Management Putnam Core Growth Equity/Derivatives Free Trust Putnam International Trust Julius Baer Government Bond International Portfolio 7-29-93 7-29-93 1-27-94 12-22-94 Consultant: Dahab Associates Custodian: BankBoston SOMERVILLE RETIREMENT SYSTEM BayBanks Investment Management, Inc. Standish, Ayer & Wood Loomis Sayles & Company Lazard Freres International Equity Fund Standish, Ayer & Wood Fixed Income Fund Loomis Sayles Investment Trust SSR Apartment Value Fund, L.P. Allegis Real Estate Separate Account (RESA) 2-19-92 4-15-92 3-25-93 6-30-94 8-17-95 3-28-96 8-18-97 9-25-97 Custodian: BankBoston WAIVER/PRIT DATE SOUTHBRIDGE RETIREMENT SYSTEM Freedom Capital Management Corporation INVESCO Trust International Equity Fund SSGA/Freedom Equity Style Fund 11-9-89 4-13-95 12-12-97 Consultant: Se gal Advisors Custodian: State Street SPRINGFIELD RETIREMENT SYSTEM BayBanks Investment Management, Inc. Freedom Capital Management Corporation MassMutual Life Insurance Company Wellington Management Company Wellington Mid Cap Portfolio Bank of Ireland Group Trust SAF International Equity Sub Trust 1-2-92 1-2-92 1-2-92 1-2-92 12-31-96 12-31-96 Consultant: Advest Custom Consulting Custodian: State Street STATE EMPLOYEES’ RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 1-1-97 STATE TEACHERS’ RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 1-1-97 STONEHAM RETIREMENT SYSTEM L&B Real Estate Property Fund III L&B Real Estate Property Fund IV Bank of Ireland Group Turst SAF International Equity Sub Trust Income Research & Management The Boston Company Active Equity Pooled Fund 11-17-88 1-15-91 3-24-94 6-23-95 7-16-97 Consultant: Advest Custom Consulting Custodian: BankBoston WAIVER/PRIT DATE SWAMPSCOTT RETIREMENT SYSTEM Freedom Capital Management Corporation Montgomery Asset Management State Street Daily Active Developed Markets Fund 11-30-95 10-3-96 10-24-96 Custodian: Fleet Bank TAUNTON RETIREMENT SYSTEM U.S. Trust Company L&B Real Estate Fund IV EuroPacific Growth Fund ITC Equity Real Estate Securities Fund Fidelity Real Estate Asset Management II, L.P. Fidelity Real Estate High Income Fund II Allmerica Select International Equity Fund Fleet Investment Advisors 6-25-85 12-21-89 5-16-90 5-30-96 5-30-96 10-24-96 6-20-97 7-2-97 Consultant: Segal Advisors Custodian: U.S. Trust WAKEFIELD RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 7-1-85 WALTHAM RETIREMENT SYSTEM BayBanks Investment Management, Inc. BayBank Small Cap Fund 2-11-85 4-13-95 Consultant: Legg Mason Consulting Group Custodian: BankBoston WAIVER/PRIT DATE WATERTOWN RETIREMENT SYSTEM L&B Real Estate Property Fund III INVESCO, Inc. Wellington CIF Small Cap 2000 BayBanks Investment Management, Inc. Putnam International Trust Lowe Enterprises Strategic Opportunity Fund Sentinel Realty Partners III, L.P. Boston Partners Asset Management, L.P. 10-5-89 10-5-89 3-20-91 3-8-95 3-8-95 6-20-97 6-20-97 6-20-97 Consultant: Dahab Associates Custodian: BankBoston WEBSTER RETIREMENT SYSTEM Loomis Sayles & Company 2-24-94 Custodian: BankBoston WELLESLEY RETIREMENT SYSTEM Standish, Ayer & Wood Standish Small Equity Fund State Street Research & Management Company Standish STAR Fund Standish International Fixed Income Fund Standish International Equity Fund Scudder Investor Services 2-27-85 11-17-88 1-23-90 1-2-91 5-8-91 11-17-94 11-17-94 Consultant: William M. Mercer Custodian: Fleet Bank WAIVER/PRIT DATE WESTFIELD RETIREMENT SYSTEM PaineWebber Properties III PaineWebber Properties II Freedom Capital Management Corporation State Street Research & Management Company Loomis Sayles & Company 11-17-88 9-14-89 10-16-90 10-16-90 1-21-93 Custodian: BankBoston WEST SPRINGFIELD RETIREMENT SYSTEM Fleet Investment Advisors 2-21-86 Custodian: Fleet Bank WEYMOUTH RETIREMENT SYSTEM Pension Reserves Investment Trust (PRIT) Fund 10-1-84 WINCHESTER RETIREMENT SYSTEM Freedom Capital Management Corporation J.L. Kaplan Associates Sogen Overseas Fund Rowe Price Fleming Foreign Equity Fund Warburg Pincus International Equity Fund 4-26-90 10-28-93 2-8-95 2-8-95 6-21-95 Custodian: BankBoston WINTHROP RETIREMENT SYSTEM Bear Stearns Asset Management J&W Seligman & Company, Inc. 7-29-93 7-7-97 Custodian: BankBoston WAIVER/PRIT DATE WOBURN RETIREMENT SYSTEM David L. Babson Pension Reserves Investment Trust (PRIT) Fund Freedom Capital Management Corporation 3-21-88 11-1-95 10-24-96 Custodian: BankBoston WORCESTER RETIREMENT SYSTEM Fleet Investment Advisors State Street Research & Management Company Metlife Real Estate Series II Bank of Ireland Group Trust SAF International Equity Sub Trust New England Growth Fund I, L.P. Fleet Investment Advisors Rice Mezzanine Lenders III, L.P. David L. Babson Merrill Lynch Asset Management MIG Residential REIT Equitable Value Enhancement Fund Metric Apartment Co-Investment Trust Fund (MAC Trust) L&B Property Fund IV Pioneer Ventures, L.P. II Boston Capital Ventures III Ticonderoga Partners III Equitable Value Enhancement Fund II LLC Hutchens Investment Management Loomis Sayles & Company L&B 90’s Investment Program Seligman Henderson Group Trust - International Equity 1-14-87 3-6-91 3-6-91 8-15-91 3-11-92 3-11-92 3-11-92 7-30-92 2-12-93 7-29-93 7-29-93 7-29-93 8-19-93 10-13-94 11-7-94 12-22-94 9-21-95 10-19-95 11-30-95 12-28-95 7-25-96 WAIVER/PRIT DATE WORCESTER RETIREMENT SYSTEM ( continued ) The Boston Company Emerging Markets Pooled Fund New England Growth Fund II Loomis Sayles & Company, L.P. Hambro European Ventures Fund III State Street Research Opportunistic High Yield Group Trust State Street Research Opportunistic Non-Dollar Group Trust Allmerica Asset Management 7-25-96 12-17-96 8-13-97 8-29-97 10-30-97 10-30-97 11-13-97 Consultant: Dahab Associates Custodian: BankBoston WORCESTER COUNTY RETIREMENT SYSTEM Wellington Management Company Harbor Capital Management David L. Babson Bank of Ireland Group Trust SAF International Equity Sub Trust Freedom Capital Management Corporation Pioneer Ventures, L.P. II TA Realty Associates Fund III Allmerica Asset Management Loomis Sayles & Company Wellington Mgmt. U.S. High Yield Port./International Bond Pool Port. Zero Stage Capital L.P. Fund V Keystone Institutional Small Cap Growth Fund TA Realty Associates Fund IV, L.P. 8-21-91 9-8-93 9-8-93 9-8-93 9-15-93 9-29-94 9-29-94 9-29-94 10-6-94 4-26-95 7-19-95 8-15-96 5-6-97 Consultant: Segal Advisors Custodian: BankBoston