Funds Update

Performance as at 30 June 2006

Russell SuperSolution	Inception date	Quarter to 30/06/06	12 months to 30/06/06	Since inception to 30/06/06
Russell LifePoints® Portfolios	i.e. the date the investment choice became available	Net return	Net return	Net return
Target Date Portfolios
Russell LifePoints® 2010*	1/10/05	-1.37%	^	4.50%
Russell LifePoints® 2020*	1/10/05	-2.05%	^	2.54%
Russell LifePoints® 2030*	1/10/05	-2.85%	^	5.05%
Russell LifePoints® 2040*	1/10/05	-3.13%	^	5.92%
Diversified Portfolios
Russell LifePoints® Conservative (30/70)	1/7/03	-0.64%	7.75%	7.85% p.a.
Russell LifePoints® Moderate (50/50)	1/7/03	-1.41%	10.75%	10.48% p.a.
Russell LifePoints® Balanced (70/30)	1/7/03	-2.29%	14.18%	13.30% p.a.
Russell LifePoints® Growth (90/10)#	1/7/03	-2.80%	17.13%	16.18% p.a.
Russell LifePoints® High Growth (100/0)*#	1/4/05	-3.23%	15.56%	14.61% p.a.
Russell Build-Your-Own Portfolios		Net return	Net return	Net return
Multi-manager Choices
Australian Cash	1/7/03	1.18%	4.54%	4.27% p.a.
Australian Bonds	1/7/03	-0.70%	2.33%	3.61% p.a.
International Bonds	1/7/03	-0.60%	0.93%	4.19% p.a.
Australian Property	1/7/03	2.28%	16.25%	15.15% p.a.
International Property - $A Hedged*	1/4/05	-3.66%	17.88%	20.45% p.a.
Australian Shares	1/7/03	-1.28%	22.08%	21.51% p.a.
Australian Shares Aggressive	1/11/04	-1.46%	19.97%	18.09% p.a.
International Shares - Unhedged	1/7/03	-6.60%	17.88%	11.13% p.a.
International Shares - $A Hedged	1/11/04	-4.40%	12.82%	13.36% p.a.
International Shares Aggressive - Unhedged*	1/4/05	-6.15%	16.78%	12.35% p.a.
Indexed and Single Manager Choices
Indexed Conservative*	1/4/05	-0.54%	8.25%	8.37% p.a.
Indexed Balanced*#	1/4/05	-1.66%	12.27%	11.27% p.a.
Indexed Australian Shares*	1/4/05	-1.50%	21.24%	18.99% p.a.
Indexed International Shares - Unhedged*	1/4/05	-7.02%	5.02%	4.37% p.a.
Blended Balanced*	1/4/05	-1.52%	13.91%	13.78% p.a.
Single Manager Balanced*	1/10/05	-1.75%	^	10.59%

The returns shown are net of investment management fees and taxes on investment income. Past performance is not indicative of future performance. This performance information is provided to you by the trustee of Russell Supersolution, Total Risk Management Pty Ltd (AFSL 238790).

International Bond returns prior to 1985 are unavailable, so Australian Bond returns are used. Australian Shares: S&P/ASX 300 Accum Index (S&P/ASX 200 Accum Index for Indexed Australian Shares), ASX All Ordinaries Accum Index prior to 31 March 2000. Australian Bonds: UBS Warburg Aust Comp Bond Index, 1980-1989 Commonwealth Bank All Series All Maturities. Cash: UBS Warburg Bank Bill Index (Australian 91 Day Treasury Notes prior to 1988). International Shares: MSCI World Net Div Reinvested Accumulation Index ($A) and International Shares Hedged: MSCI World Net Div Reinvested Accumulation Index $A Hedged, MSCI World Local Currency Index prior to 1988. International Bonds: Lehmann Bros Global Aggregate Index $A Hedged. Property Securities: S&P/ASX 300 Property Accumulation Index (ASX Property Trust Accumulation Index prior to 31 March 2000).

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Achieve is issued by Russell Investment Management Limited (RIM), ABN 53 068 338 974, AFSL 247185. In preparing this information we haven’t taken into account your own personal circumstances, including what you want and need for your financial future. It is important for you to consider these matters and also to obtain and read the relevant PDS before you decide whether to acquire or to continue to hold a product. Go to www.yoursupersolution.com.au to download a PDS. Interests in Russell SuperSolution are issued by Total Risk Management Pty Ltd.

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