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WELFARE FUND REPORT

Trustee Norb Soltysiak reports for the Health & Welfare Fund for May, 2008, and the Fiscal Year to Date that Ordinary Income of $3,183,535.45 plus Investment Income of ($385,800.98) minus Expenses of $3,188,586.58 yielded a Net Income of ($390,852.11).

The Fund Value as of 5/31/08 was $89,478,546.59.

PENSION FUND REPORT

Trustee Rick Ascher reports for the Pension Fund for May, 2008, that Ordinary Income of $3,172,200.07 plus Investment Income of $6,625,964.68 minus Expenses of $2,536,190.71 yielded a Total Net Income of $7,261,974.04.

For the Fiscal Year to Date, Ordinary Income of $6,273,193.27 plus Investment Income of $15,798,059.33 minus Expenses of $5,121,464.05 yielded a Total Net Income of $16, 949,788.55.

As of 5/31/08 the Fund Value was $531,564,218.19.

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