"INVESTMENT DISCLOSURES"

* Clarendon College does not employ an outside investment advisor or manager.

 

*Clarendon College does not use soft dollar, directed brokerage or directed commission, commission recapture or any similar arrangements.

 

*Clarendon College is associated with two foundations:

Mr. Walt Knorpp, P.O. Box Drawer A, Clarendon, TX 79226 is Chairman of the Clarendon College

Foundation and the fair market value of investments as of 8/31/2013 was $500,174.00

 

Mr. Don Lane, 600 West Francis, Pampa, Texas 79065 is the Chairman of the Pampa Center 

Foundation and the market value of investments as of  8/31/2013 was $453,694.00.