Proposed Transaction

The following transactions will be made the week of October 13, 2008 subject to noted contingencies:

SELL Vanguard Total Stock Market ETF (VTI) if below $50
BUY Vanguard Health Care ETF (VHT) if VTI sold above
BUY Vanguard REIT Index ETF (VNQ) if VTI sold above
BUY Vanguard VFH Financials ETF (VNH) if VTI sold above

SELL Vanguard Total Bond Market Index Fund (VBMFX)
BUY Vanguard Inflation-Protected Securities Fund (VIPSX)
BUY Vanguard Developed Markets Index Fund (VDMIX)
BUY Vanguard S&P 500 Index Fund (VFINX)