November 27, 2006

The following is a true copy of a Resolution adopted by the Executive Council at its meeting on November 12 � 15, 2006 in Chicago, Illinois, at which a quorum was present and voting.

Resolved, That the Executive Council, meeting from November 12 to 15, 2006 in Chicago, Illinois, requires Council approval for the SRI committee to file or vote on shareholder resolutions only once in each triennium for each issue or subject area of said resolutions.

Explanation 

Once the Council has acted on a shareholder resolution, SRI will continue to file and vote for those resolutions in subsequent years as established by the action of the Council at the beginning of each triennium.  There are many shareholder resolutions that are filed or voted for by the DFMS in any given year.  Approving a resolution text for affirmative action, for example, only once during the current triennium will reduce the amount of time that the Executive Council will have to spend on this important task, while also ensuring appropriate oversight of the Social Responsibility in Investment Committee�s work. 

The Rev. Dr. Gregory S. Straub

Secretary of the Executive Council and

The Domestic and Foreign Missionary Society

of the Protestant Episcopal Church in the United States of America