Legal Notices and Terms of Use

Introduction
Acceptance of Policy and Amendment
Third Party Content, Products and Services (Including Links)
Permissible Use of Materials
Monitoring of Site
Site Operation
No Offers
No Legal, Tax or Other Advice
Limitation of Warranties
Policy / Contract / Certificate / Account
Equal Opportunity
Miscellaneous
Trademark and Copyright Notices
Copyright Policy
Subject to Change
CFA Disclosures
Index Disclosures


Introduction

OFI Institutional Asset Management ("OFI Institutional") is the marketing name used by each of the members of the OFI Institutional Group that consists of institutional investment advisers affiliated with OFI. The OFI Institutional Group includes the following SEC registered investment advisers: OFI Institutional Asset Management, Inc. and Trinity Investment Management Corporation. Professionals that provide portfolio management, analysis, trading and other services for OFI Institutional also may be employed by members of the OFI Institutional Group, OFI or an affiliate of OFI.

This website has been created for sponsors of institutional funds in the United States, such as pension funds, endowments, foundations, or treasury accounts. If you are not an institutional investor, please visit www.oppenheimerfunds.com for a wide range of information about personal investing.

OFI Institutional Asset Management, Inc., is a registered investment adviser and a subsidiary of OppenheimerFunds, Inc.

These notices, as they may be amended from time to time, provide certain legal notices and state the terms of use of this website. OFI Institutional Asset Management, Inc. is referred to in the notices that follow as OFI Institutional or "we", “our” or "ours."

Acceptance of Policy and Amendment

Your usage of this website constitutes your agreement to the terms of this policy and your continued usage of this website constitutes your agreement to amendments to this policy. We reserve the right to amend this policy at any time. In the event that it is amended, a notice to that effect will be posted on our website, www.ofii.com. In our discretion an updated notice may be mailed to our clients.

This notice was last updated April 10, 2007

Third Party Content, Products and Services (Including Links)

We permit links from other websites and may permit links to this website simply as a convenience to visitors. The existence of a particular link does not indicate an endorsement by us of the linked website.  Unless otherwise indicated, the linked websites are not under our control and we are not responsible for the content of any linked website or any link contained in a linked website, or any changes or updates to such websites. We make no representations about the accuracy or completeness of the information contained on any linked websites and assume no liability for the content or presentation of linked websites.

We are not responsible, and assume no liability, for content displayed on this website that may be provided by another party. We are not responsible for the accuracy or completeness of any such content.

You must obtain permission to link to this website and can make a request by contacting Lori Proper at 814.355.1000. Requests to link to our site must include the URL of your site and an explanation for the link to our website.

Permissible Use of Materials

You may download or print a copy of the information or materials contained on this website provided that the copy retains all copyright and other proprietary notices contained on the materials. Any other copying, republication or redistribution, reproduction, uploading, posting, or transmittal of the text or graphics of this website, including, without limitation, linking or framing, is expressly prohibited without our prior written permission.

You may not include our corporate name or any of our trademarks (for example, OFI Institutional Asset Management or the clasped hands design of our logo) or any variation of them, as a metatag, hidden textual element, or any other indicator that may create an impression of an affiliation, relationship, or endorsement between any other party and us or our subsidiaries or affiliates.

Monitoring of Site

OFI Institutional reserves the right to monitor any and all use of this website. We are under no obligation to do so and assume no responsibility or liability arising from our doing so or omission to do so.  OFI Institutional may monitor your use of the website to evaluate the quality of service you receive, your compliance with these terms of use OSA, the security of the website, or for other lawful reasons. You agree that you will not be entitled to any cause of action or other right with respect to any of them concerning such monitoring activities.

Site Operation

We operate this website from offices within the United States of America. We do not represent that the information on this website is appropriate or available for use in other locations. Access from certain locations may be strictly prohibited. Those who access this website do so on their own initiative and are responsible for compliance with all applicable local laws. The laws of the State of New York will govern any claims relating to the information contained on this website.

If you take legal action relating to this website, you agree to file such action only in the Supreme Court of New York County, New York, New York or in the United States District Court for the Southern District of New York, and you consent and submit to the personal jurisdiction of those courts for the purpose of litigating any such action.

No Offers

The information contained on this website does not constitute an offer or solicitation to buy or sell any security in any jurisdiction where we are not licensed to conduct business or where the security is not available for sale or purchase. No security is offered or will be purchased or sold in any jurisdiction in which such offer or solicitation would be unlawful.

No Legal, Tax or Other Advice

The information on this website is provided for informational purposes. The information provided through this site is not intended as, does not constitute and should not be construed as legal, tax, investment, financial or other advice. The information is not a substitute for professional tax, financial or legal advice from a competent advisor. Decisions based on information contained provided through this site are your sole responsibility. Although this website may provide information relating to investment approaches and opportunities to buy or sell mutual funds or other securities, you should not construe any information, features, tools or other content available through this website as legal, tax, investment, financial or other advice.

Limitation of Warranties

To the extent allowed by law and except as otherwise specifically provided elsewhere on this website, all information presented here is furnished "as is" without any express or implied warranties of merchantability, fitness for a particular purpose, non-infringement of intellectual property rights, or freedom from errors, viruses, bugs or other harmful components. Neither the sponsor of this website nor any other person or entity is responsible for any damages arising out of the use of or inability to use this website or any of its content, even if the sponsor or other person or entity has been advised or should have been aware of the possibility of such damages.

Policy / Contract / Certificate / Account

Through use of a user ID and password, you may be able to access account information on this website.  In doing so, you may be transmitting personal information. By using this website to gain access to your account information, you consent to the electronic transmission of that personal information.

You are solely responsible for the confidentiality and use of your user ID, password and account number (s). You agree to immediately notify us if your user ID and password are lost or stolen, or if you become aware that your user ID, password and/or account number(s) is/are being used in an unauthorized manner.

Failure to notify us of one of the above conditions will release us and our employees, agents, affiliates and subsidiaries from any responsibility or liability to you or any other person or entity resulting from the management or loss of any transaction.

We reserve the right to discontinue electronic access to your account at any time. We further reserve the right to modify the information contained on this website at any time. We may immediately and without notice terminate your ability to access your account information if you violate the conditions of use stated herein or if you endanger the use of the services provided through this website.

Equal Opportunity

OppenheimerFunds, Inc. (OFI) and its subsidiaries, such as OFI Institutional Asset Management, Inc., and Trinity Investment Management Corporation, and affiliates (collectively, the “Company”) afford equal employment and advancement opportunity to all qualified individuals, without distinction or discrimination because of race, color, religion, sex, sexual orientation, age, disability, marital status, pregnancy, childbirth and related medical conditions, national origin, citizenship, military or veteran’s status or accommodations to individuals with a disability in accordance with applicable law, or as a result of such qualified individuals’ membership in any other legally protected class.

Miscellaneous

If any provision of these terms of use is deemed unlawful, void, or for any reason unenforceable, that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions. The heading of the provisions hereof are for descriptive purposes only and will not modify or qualify any of the rights or obligations set forth in such provisions.



Trademark and Copyright Notices

OFI Institutional Asset Management is the marketing name used by each of the members of the OFI Institutional Group that consists of institutional investment advisers affiliated with OFI. The OFI Institutional Group includes the following SEC registered investment advisers: OFI Institutional Asset Management, Inc. and Trinity Investment Management Corporation. OFI Institutional Asset Management, Inc. is referred to in the notices that follow as “OFI Institutional” or “we”, “our” or “ours”. 

We are the copyright owners or licensees of all text and graphic images contained on this website, unless otherwise indicated. Our trademarks (service marks), including the OFI Institutional Asset Management name and the clasped hands design, may not be used by others.

Content on www.ofii.com is protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, software code, user interface design or logos.

Copyright Policy

Pursuant to Section 512(c)(2) of the Copyright Revision Act, as enacted through the Digital Millennium Copyright Act, OFI Institutional Asset Management, Inc. designates an agent as described below, to receive notifications of claimed infringement:

Legal name and address of service provider:
OFI Institutional Asset Management, Inc.
Two World Financial Center
225 Liberty Street, 11th Floor
New York, NY 10281-1008

Name under which service provider does business:
OFI Institutional Asset Management, Inc.

Designated agent:
Lori Proper

Designated agent's address:
Lori Proper
301 North Spring Street
Bellefonte, PA 16823

Telephone, fax, and e-mail address of designated agent:
Telephone: 814.355.1000
Fax: 814.355.7439
Email: lproper@ofii.com

Subject to Change

This Trademark and Copyright Notice may be changed from time to time. Last modified 4/10/07

CFA Disclosures

CFA^® and Chartered Financial Analyst^® are trademarks owned by CFA Institute.



Index Disclosures

OFI Institutional Asset Management’s investment styles are not sponsored, endorsed, sold, or promoted by those indices referenced on this website and these indices make no representation regarding the advisability of selecting OFI Institutional’s investment styles.

S&P GSCI™ Total Return Index

The S&P GSCI™ (previously the Goldman Sachs Commodity Index, acquired by S&P in 2007) is a trademark/service mark of The McGraw-Hill Companies, Inc. The S&P GSCI™ is a composite index of commodity sector returns representing unleveraged, long-only investment in commodity futures across 24 commodities. The index is unmanaged; is weighted by world production quantities; is calculated on a fully collateralized basis with full reinvestment; is shown for illustration only; and cannot be purchased directly by investors.

Dow Jones – AIG Commodities Index

The Dow Jones-AIG Commodity Index^SM (DJ-AIGCI^SM) is a registered service mark of Dow Jones & Company, Inc. and American International Group, Inc. The DJ-AIGCI^SM is composed of futures contracts on nineteen physical commodities traded on U.S. futures exchanges, with the exception of aluminum, nickel, and zinc, which trade on the London Metal Exchange. The DJ-AIGCI^SM was designed by AIG International, Inc. and is calculated by Dow Jones & Company, Inc. in conjunction with AIG Financial Products Corp. The index is unmanaged; relies primarily on liquidity data, along with dollar-adjusted production data in determining the relative quantities of included commodities; is shown for illustration only; and cannot be purchased directly by investors.

Lehman Brothers U.S. Aggregate Bond Index

The Lehman Brothers^® U.S. Aggregate Bond Index is a trademark/service mark of Lehman Brothers^®. The Lehman Brothers^® U.S. Aggregate Bond Index covers the U.S. investment grade, fixed rate bond market for securities of: corporations, the U.S. government, mortgage pass-through, and asset backed. The index is unmanaged; includes only U.S. securities; is market-value weighted; includes reinvestment of income; is shown for illustration only; and cannot be purchased directly by investors.

Lehman Brothers U.S. Treasury 1-3 Year Index

The Lehman Brothers^® U.S. Treasury 1-3 Year Index is a trademark/service mark of Lehman Brothers^®. The Lehman Brothers^® U.S. Treasury 1-3 Year Index consists of U.S. Treasury issues with a maturity of 1 up to (but not including) 3 years. The index is unmanaged; includes only U.S. securities; is market-value weighted; includes reinvestment of income; is shown for illustration only; and cannot be purchased directly by investors.

Merrill Lynch 3-Month LIBOR Index

The Merrill Lynch^® 3-Month LIBOR Index is a trademark/service mark of Merrill Lynch & Co., Inc. The Merrill Lynch^® 3-Month LIBOR Index represents a high-quality base rate for 3-month constant maturity dollar denominated deposits. The index is unmanaged; is shown for illustration only; and cannot be purchased directly by investors.

MSCI EAFE Index (Net)

The MSCI^® EAFE Index (Net) is a trademark/service mark of Morgan Stanley Capital International. The MSCI^® EAFE Index (Net) is designed to measure global developed market equity performance. The index is unmanaged; is market-value weighted; includes reinvestment of dividends, net of the maximum foreign withholding tax applicable to institutional investors; is shown for illustration only; and cannot be purchased directly by investors.

MSCI Emerging Markets Index (Net)

The MSCI^® Emerging Markets Index (Net) is a trademark/service mark of Morgan Stanley Capital International. The MSCI^® Emerging Markets Index (Net) is designed to measure global emerging market equity performance. The index is unmanaged; is market-value weighted; includes reinvestment of dividends, net of the maximum foreign withholding tax applicable to institutional investors; is shown for illustration only; and cannot be purchased directly by investors.

MSCI US Small Cap 1750 Index

The MSCI^® US Small Cap 1750 Index is a trademark/service mark of Morgan Stanley Capital International, Inc. The MSCI^® US Small Cap 1750 Index represents the smallest 1,750 companies within the MSCI^® US Investable Market 2500 Index of the 2,500 largest U.S. companies. The index is unmanaged; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

MSCI World Index (Net)

The MSCI^® World Index (Net) is a trademark/service mark of Morgan Stanley Capital International. The MSCI^® World Index (Net) is designed to measure global developed market equity performance. The index is unmanaged; is market-value weighted; includes reinvestment of dividends, net of the maximum foreign withholding tax applicable to institutional investors; is shown for illustration only; and cannot be purchased directly by investors.

Russell 1000 Growth Index

The Russell 1000^® Growth Index is a trademark/service mark of the Frank Russell Company. The Russell 1000^® Growth Index represents Russell 1000^® Index companies (an index of the 1,000 largest U.S. companies) with higher price-to-book ratios and higher forecasted growth rates. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

Russell 1000 Value Index

The Russell 1000^® Value Index is a trademark/service mark of the Frank Russell Company. The Russell 1000^® Value Index represents Russell 1000^® Index companies (an index of the 1,000 largest U.S. companies) with lower price-to-book ratios and lower forecasted growth rates. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

Russell 2000 Index

The Russell 2000^® Index is a trademark/service mark of the Frank Russell Company. The Russell 2000^® Index represents the smallest 2,000 companies within the Russell 3000^® Index of the 3,000 largest U.S. companies. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

Russell 2000 Growth Index

The Russell 2000^® Growth Index is a trademark/service mark of the Frank Russell Company. The Russell 2000^® Growth Index represents Russell 2000^® Index companies (an index of the smallest 2,000 companies within the Russell 3000^® Index of the 3,000 largest U.S. companies) with higher price-to-book ratios and higher forecasted growth rates. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

Russell 2000 Value Index

The Russell 2000^® Value Index is a trademark/service mark of the Frank Russell Company. The Russell 2000^® Value Index represents Russell 2000^® Index companies (an index of the smallest 2,000 companies within the Russell 3000^® Index of the 3,000 largest U.S. companies) with lower price-to-book ratios and lower forecasted growth rates. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

Russell 2500 Index

The Russell 2500^® Index is a trademark/service mark of the Frank Russell Company. The Russell 2500^® Index represents the smallest 2,500 companies within the Russell 3000^® Index of the 3,000 largest U.S. companies. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

Russell 2500 Value Index

The Russell 2500^® Value Index is a trademark/service mark of the Frank Russell Company. The Russell 2500^® Value Index represents Russell 2500^® Index companies (an index of the smallest 2,500 companies within the Russell 3000^® Index of the 3,000 largest U.S. companies) with lower price-to-book ratios and lower forecasted growth rates. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

S&P 500 Index

The S&P 500^® Index is a trademark/service mark of The McGraw-Hill Companies, Inc. The S&P 500^® Index is a representative sample of 500 large-capitalization companies. The index is unmanaged; includes only U.S. companies; is market-value weighted; includes reinvestment of dividends; is shown for illustration only; and cannot be purchased directly by investors.

JPMorgan Developed High Yield Index

The JPMorgan^® Developed High Yield Index is a trademark/service mark of J.P. Morgan Chase & Co^®. The JPMorgan^® Developed High Yield Index is designed to represent the investable universe of the U.S. dollar-denominated developed, BB-rated high yield corporate debt market, including domestic and international (developed market) issues. The index is unmanaged; is market-value weighted; includes reinvestment of income; is shown for illustration only; and cannot be purchased directly by investors.