1.

Call to Order

C. Karnei

8:00 am

2.

Adjourn to Executive Session

2a.  Approval of executive session minutes (Vote) (06/19/07)

C. Karnei

8:00 am

2b.  EthicsPoint update

B. Wullenjohn

8:05 am

2c.  Internal Audit status report

B. Wullenjohn

8:10 am

2d.  SAS 70 auditor selection for 2008

B. Wullenjohn

8:20 am

Adjourn to Open Session

8:35 am

3.

Approval of ISO general session minutes (Vote) (06/19/07)

C. Karnei

8:35 am

4.

Selection of vendor for third party credit review (Vote)

C. Yager

8:40 am

5.

Credit Work Group update creditworthiness standards

M. Davies

8:45 am

6.

Quarterly investment performance update

C. Yager

8:55 am

7.

Preliminary 2008-2009 budget review

M. Petterson

9:00 am

8.

Committee Briefs (Q&A only)

All

9:45 am

9.

Future agenda items

S. Byone

9:55 am

10.

Adjourn ISO meeting

10:00 am