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    UCAR and TIAA-CREF are pleased to announce that the funds being
    offered under your retirement plan have been significantly expanded.
    You will be able to take advantage of a broader range of investment
    choices effective January 5, 2009.

    All current options will continue to be available; the new options
    will include TIAA-CREF Lifecycle Funds and the following Mutual Funds:

    Growth and Income Fund
    International Equity Fund
    Large-Cap Value Fund
    Mid-Cap Growth Fund
    Mid-Cap Value Fund
    Real Estate Securities Fund
    S&P 500 Index Fund
    Small-Cap Equity Fund
    Social Choice Equity Fund

    A website containing details on the new options will be released soon.
    TIAA-CREF will be conducting on campus meetings to describe the range
    of choices available to you. The schedule for these meetings will be
    announced after the first of the year.

    For more information, contact Bob Roesch at ext. 8704, broesch@ucar.edu.

    Wed, Dec 24, 2008 to Mon, Jan 5, 2009