PBGC intends to increase the Fixed income Investment Managers from its current level to provde more manager diversificatgion. PBGC anticipates hiring multiple managers capable of managing fixed income assets in two or more fixed income strategies.

Page 56 of the RFP is hereby revised to extend the due date for Questions as follows: Questions shall be submitted due by close of business on Tuesday, December 29, 2009. The investment manager (hereinafter referred to as contractor) shall provide active investment management services for fixed income portfolios that will, over a full market cycle, provide a total rate of return which exceeds the benchmark of the resp