Treasury Extends Money Market Fund Guarantee

In order to further stabilize the financial markets, the U.S. Treasury Department (the Treasury) recently announced an additional extension to the Temporary Money Market Funds Guarantee Program (the Program).

The Program, which has already been extended once by the Treasury, was scheduled to end on April 30, 2009. But under this new (and presumably last) extension, certain shareholder investments in participating money market funds will be guaranteed through September 18, 2009.

Only funds already participating in the Program are eligible to participate in the extension, subject to certain other conditions. Additionally, only shareholders of participating funds who were invested as of the close of business on September 19, 2008 are covered—and only up to the amount invested at that time.

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