PROGRAM

Noon–7:00 p.m.

Conference Registration
Marriott Ballroom Foyer

Noon–3:00 p.m.

Exhibit Hall Open
Buffet luncheon will be available.

3:00–3:30 p.m.

Welcome and Opening Remarks

F. William McNabb
Chairman, General Membership Meeting Planning Committee
President & CEO, Vanguard

Chairman’s Address

John Murphy
Chairman, Investment Company Institute
Chairman, OppenheimerFunds, Inc.

3:30–4:45 p.m.

General Session: Market Insights in a Time of Crisis

Recent market activity has been truly unprecedented. At this session, leading market strategists will explore:

• How these extraordinary times have influenced the interaction of world markets

• The changes that have been required in their own portfolio strategies

• What world indicators must be in place for market stability

• What the future might hold for investors around the world

Martin Flanagan, Moderator
President & CEO, Invesco Ltd.

James Anderson, Panelist
Chief Investment Officer, Baillie Gifford (Scotland)

Abby Joseph Cohen, Panelist
Senior Investment Strategist & President, Global Markets Institute
Goldman, Sachs & Co.

Bill Miller, Panelist
Chairman and Chief Investment Officer
Legg Mason Capital Management, Inc.

5:00–7:00 p.m.

Welcome Reception
Exhibit Hall

6:15 a.m.

Mutual Funds Walk/Jog
(Participants assemble at the main entrance to the Marriott.)

7:00 a.m.–6:30 p.m.

Conference Registration
Marriott Ballroom Foyer

7:15–8:45 a.m.

Buffet Breakfast
Exhibit Hall

7:30–8:30 a.m.

Optional Breakfast Discussion Groups (ICI members only)

Breakfast discussion groups will address the topics listed below. Each breakfast will accommodate up to 30 participants and will be available to ICI members on a first-come, first-served basis. Advance registration is NOT required.

• Closed-End Fund Issues

John Diederich, Discussion Group Leader
Managing Director & COO
Royce & Associates

• Exchange-Traded Funds: Business Developments and Opportunities

Noel Archard, CFA, Discussion Group Leader
Head of Product Strategy, Research & Development, U.S. iShares
Barclays Global Investors

• Fund Disclosure Developments and Challenges

Scott Goebel, Discussion Group Leader
Senior Vice President, General Counsel
Fidelity Management & Research Company

• Fund Director Issues (invitation only)

Michael Scofield, Discussion Group Leader
Chairman, Evergreen Board of Trustees
Evergreen Investments

• Fund Distribution Challenges

Robert Noelke, Discussion Group Leader
Partner, Private Wealth Group
Lord, Abbett & Co.

9:00–10:00 a.m.

General Session: Leadership Panel: Our Steadfast Commitment

A cross-section of industry leaders will review, reflect upon, and recognize opportunities for fund shareholders and the future of the fund business. Specific questions that will be examined include:

• How do you lead your business in these current economic times?

• What opportunities rise from this market environment?

• How do you protect the human capital in your firm and build for the future?

• What are you doing to restore shareholder confidence?

Paul Haaga, Moderator
Vice Chairman, Capital Research and Management Company

Edward Bernard, Panelist
Vice Chairman, T. Rowe Price Group, Inc.

Mark Casady, Panelist
Chairman & CEO, LPL Financial

Mark Fetting, Panelist
CEO & President, Legg Mason, Inc.

Robert Reynolds, Panelist
President & CEO, Putnam Investments

10:15–11:15 a.m.

Keynote Address

Richard Davis
Chairman, President & CEO, U.S. Bancorp

11:15 a.m.–12:30 p.m.

Reception Featuring a Book Signing
Exhibit Hall

Michael Lewis
Journalist and Author
Moneyball; Liar’s Poker

12:30–2:00 p.m.

Luncheon: What Just Happened on Wall Street:
A Conversation With Michael Lewis

Michael Lewis
Journalist and Author
Moneyball; Liar’s Poker

F. William McNabb, Moderator
Chairman, General Membership Meeting Planning Committee
President & CEO, Vanguard

2:15–3:15 p.m.

General Session: The Shape of Our Future

Today’s financial crisis underscores current discussions across the financial services industry for change. Led by Jack Brennan, this panel of leaders from key industry sectors will discuss various proposals for a more effective framework regarding the oversight of modern financial markets. Issues will include:

• Regulatory oversight of the financial markets

• Protection of investors’ interests

• New standards and regulation of money markets

• A conceptual framework to prepare for the future

John J. Brennan, Moderator
Chairman, Vanguard

Roger Ferguson, Jr., Panelist
President and CEO, TIAA-CREF

James (Jes) Staley, Panelist
CEO, J.P. Morgan Asset Management

Paul Schott Stevens, Panelist
President and CEO, Investment Company Institute

3:30–4:40 p.m.

Interactive Concurrent Sessions

1. What the Future Holds for Distribution and the Role Asset Managers Will Play

This panel will explore the shifting distribution landscape in the asset management industry. Issues to be addressed include:

• Industry consolidation and the effect on asset managers

• Meeting the needs of the changing broker-dealer and RIA models

• The rising costs of generating additional dollars of revenue

• Product rationalization to better fit changing client needs

Jonathan Baum, Moderator
Chairman & CEO, The Dreyfus Corporation

Brian Gaffney, Panelist
CEO, Allianz Global Investors Distributors LLC

Stuart Parker, Panelist
EVP & Head of Distribution, Jennison Dryden Mutual Funds

Matthew Schiffman, Panelist
Head of Retail – Americas, Legg Mason, Inc.

2. Restoring Investor Confidence

Amidst today’s economic environment and stock market volatility, many fund companies are developing effective resources and tools to help investors and advisors navigate the current crisis. Panelists will share new research and insights on the power of innovative online and print communication initiatives, focused advertising, and strategic press relations to restore investor confidence during these turbulent times.

Merrillyn Kosier, Moderator
Executive Vice President, Ariel Investments, LLC

Sean Keller, Panelist
Vice President of Strategic Marketing
OppenheimerFunds, Inc.

Sandra Motusesky, Panelist
Senior Product Manager, TD Ameritrade

Timothy Stephens, Panelist
Vice President, Market Insights
Fidelity Investments

6:45 p.m.

Featured Entertainment in the Exhibit Hall: The Capitol Steps

Since 1981, the Capitol Steps theater troupe has been delighting audiences with an always-topical mix of political satire, skits, and songs.

Click here to learn more.

7:30–11:00 a.m.

Conference Registration
Marriott Ballroom Foyer

7:30–8:30 a.m.

Breakfast Session: A Regulatory Update
(Breakfast will be served until 8:00 a.m.)

Mary Schapiro
Chairman, U.S. Securities and Exchange Commission

8:45–10:00 a.m.

General Session: The Future of Retirement Savings

Leaders in the retirement business will discuss the questions, myths, and realities surrounding today’s employee-directed savings programs, including:

• Can enough people save enough in employee-directed savings programs?

• How well do plan participants understand and manage their retirement account investments?

• Is there a changing role for advice and education in these employee-directed savings plans?

• How can participants translate a lifetime of savings into retirement income?

James Poterba, Moderator
Mitsui Professor of Economics, MIT
President, National Bureau of Economic Research

Scott David, Panelist
President, Workplace Investing, Fidelity Investments

Cynthia Egan, Panelist
President, T. Rowe Price Retirement Plan Services, Inc.

Barbara Fallon-Walsh, Panelist
Principal, Vanguard

Daniel J. Houston, Panelist
President, Retirement and Investor Services
Principal Financial Group

10:00–11:00 a.m.

General Session: Generations: Lifestyles and Work Styles

Neil Howe
President, LifeCourse Associates
Senior Associate, Center for Strategic and International Studies

11:00 a.m.

Brunch