As of June 30, 2010:Large Cap Value contains fully discretionary accounts that are typically comprised of 30-45 securities that may or may not pay dividends and are suitable for those clients with an emphasis on long-term capital appreciation and have an above-average risk tolerance. For comparison purposes the composite is measured against the Russell 1000 Value Index. Cornerstone Investment Partners’ universe of 800 stocks is comprised of the S&P 500 plus 300 other names, including 50-70 multinational ADR’s.

Cornerstone Investment Partners has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS®).

Cornerstone Investment Partners is an independent, privately held investment advisory firm structured as a limited liability company that is wholly owned by professionals actively involved in managing the business. The firm maintains a complete list and description of composites, which is available upon request.

Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results. N.A.- Information is not statistically meaningful due to an insufficient number of portfolios in the composite for the entire year.

The U.S. Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income.  The composite includes both bundled fee and non-bundled fee accounts. Gross returns for non-bundled fee accounts were reduced by transaction costs and gross returns for bundled fee accounts are shown as supplemental information and have not been reduced by transaction costs..  Net of fee performance for these accounts have been reduced by the entire bundled fee. Other than brokerage commissions the bundled fee includes administrative and custodial services, and in some cases the investment management fee.  Some of the bundled fee accounts included pay the investment management fee separately from the bundled fee.  For these accounts, net of fee performance has been reduced by both the bundled fee and the investment management fee. Net of fee performance for non-bundled fee accounts was calculated using actual management fees. Beginning October 1, 2008, composite policy requires the temporary removal of any portfolio incurring a client initiated significant cash inflow or outflow of 30% of portfolio assets. The temporary removal of such an account occurs at the beginning of the month in which the significant cash flow occurs and the account re-enters the composite within 90 days after the cash flow, or longer if securities are involved. Additional information regarding the treatment of significant cash flows is available upon request. The annual composite dispersion is an asset-weighted standard deviation calculated for the accounts in the composite the entire year. If the contribution/distribution is greater than 30%, the account is removed from the composite until it meets the inclusion policy. This typically would take no more than 90 days if it is cash but could be longer if securities are involved. The Large Cap Value composite incepted and was created on January 1, 2007. Performance is presented net of foreign withholding taxes. Additional information regarding the policies for calculating and reporting returns is available upon request.

Portfolio results are annualized rates of return computed on a time-weighted basis, using market values on a monthly basis calculated using trade-date. Additional information regarding the policies for calculating and reporting returns is available upon request.

The general fee schedule for equity accounts is as follows: 0.75% on the first $10,000,000; 0.55% on the next $10,000,000 and 0.35% on the balance. Actual investment advisory fees incurred by clients may vary.

Submit requests to Cornerstone Investment Partners: 8097 Roswell Rd, Bldg A. Atlanta, GA 30350.   Phone: 770-393-2852   Email: marketing@cornerstone-ip.com