2/9/2004

Reflationary Economy

Hello!

On CNNfn Tuesday, Bill Gross of PIMCO securities said "we are in a reflationary economy -- that is, the U.S. government and the Federal Reserve are trying to reflate in order to relieve the burden of this high, crushing amount of debt...If we get higher inflation, not in 2004 necessarily, but in 2005, 2006 or 2007, then you want to look for reflatable assets..."

Does your donor have a different opinion as to how the portfolio of a Charitable Remainder Trust should be managed. Ideally, it should be managed for both the income beneficiary and for the remainderman. Feel free to contact us regarding an investment policy statement written to benefit both parties.

Terri G. Millson, CIMC President

Ray Dicius, GEPC LPL Branch Manager