June 28, 2007

Trustees of the Trust Fund
June 28, 2007
Trustees Meeting
Those Present: T.J. Shaughnessy, Elsie Morse, Cedric Dustin
The Board voted to accept a $1,000,000.00 Trust from Richard and Lois
Foss to be used for scholarships for graduates of Pittsfield Middle High
School.
T.J. Shaughnessy of Mass Mutual Financial Group reviewed the
performance of this past year’s investments with the Board. The majority of
the meeting was spent on the investment proposal that Mr. Shaughnessy
had brought from Bingham Legg LLC. for the Foss Trust. Two scenarios
were explained – a 65% Bonds/35% Stocks and a 65% Stocks/35% Bonds.
Mr. Shaughnessy will return Thursday, July 5, 2007 at 8 a.m. for a second
meeting where a proposal will be finalized.
Cedric Dustin was welcomed to the Board. He is filling out the term of Terry
Robinson who has moved from Pittsfield.
Respectfully submitted,
Elsie Morse