Email update and request to submit shareholder proposals

Investors Against Genocide
Draw the line at investing in genocide

The campaign for genocide-free investing reached a major milestone with four rounds of shareholder voting coming to a close at Fidelity. The most recent results, 28% by the Magellan fund and 27% for the Growth Company fund, were consistent with earlier results showing unusually strong shareholder support for this important social issue, despite Fidelity’s active opposition to the proposal. These results are unprecedented and historic, with millions of Fidelity’s shareholders voting for genocide-free investing. Thank you for support and involvement in the campaign!

At the June 18 meeting, Fidelity halted the voting process for 7 of its funds, including the widely held Contrafund, without reaching a quorum. Fidelity refused to release interim voting results for these funds.

At this meeting, Fidelity also made a new claim that it will remain invested in complicit companies to serve as a positive influence in Sudan. Read our response here.

We look forward to Fidelity's public disclosure regarding its plans for a vigorous engagement effort with firm deadlines and meaningful consequences if no substantial progress is made to help end the genocide. We will track Fidelity’s actions and progress over the coming months and keep you informed.

Update on TIAA-CREF

TIAA-CREF ignored the groundswell of concern from shareholders and stalled voting on genocide-free investing until 2009.  They chose to not include the genocide-free shareholder proposal for voting at its annual meeting. Investors Against Genocide will raise the issue of genocide-free investing at the shareholder meeting in Denver on July 15, 2008. Contact us if you are a TIAA-CREF customer and can join us for the meeting.

Next steps for Investors Against Genocide

The unprecedented outpouring of support for genocide-free investing demonstrated by the shareholder votes at Fidelity greatly increases the probability that another investment firm will voluntarily make a commitment to genocide-free investing.We will redouble our efforts to engage mutual fund companies both privately and publicly and will keep you posted on progress.

We will also continue to recruit volunteers to submit our genocide-free shareholder proposal to as many mutual funds and as many mutual fund companies as possible.If you own shares of mutual funds, please join this historic effort for genocide-free investing. If you do not, please actively recruit friends and family members to do so.It is easy to submit a proposal. Click here to learn how.

Thanks for your ongoing support.

The Investors Against Genocide Team


Here are some links to news about our campaign for genocide-free investing:

Fidelity board sticks to 'no' vote on divestment proposal, Board IQ, 07-01-2008

Fidelity's inaction speaks volumes, Boston Globe, 06-29-2008

Fidelity declines to divest from Sudan, Investment News, 06-19-2008

IAG press release on 6/18 meeting at Fidelity, 06-18-2008

UN Secretary General calls on Chinese companies to engage with the Global Compact over Sudan, 07-04-2008

Tell TIAA-CREF you do not want your retirement money to support genocide, The Chronicle of Higher Education, 05-16-2008
------------------------------------------

ABOUT INVESTORS AGAINST GENOCIDE

Investors Against Genocide is a non-profit organization dedicated to ending investment in genocide. The organization works with individuals, companies, organizations, financial institutions, the press, and government agencies to build awareness and to create financial, public relations, and regulatory pressure for investment firms and companies to change. The ultimate goals are that the Government of Sudan ends its deadly genocide in Darfur and that companies and investment firms avoid investing in genocide. For more information, visit www.investorsagainstgenocide.org.