Vanguard® Index Fund	APIR code	Standard & Poor's	Morningstar	Lonsec
Australian shares	VAN0002AU
Australian Shares High Yield	VAN0104AU
Australian Property Securities	VAN0004AU
International Property Securities	VAN0018AU
International Property Securities (Hedged)	VAN0019AU
International Shares	VAN0003AU
International Shares (Hedged)	VAN0105AU
Australian Fixed Interest	VAN0001AU
International Fixed Interest (Hedged)	VAN0103AU
Emerging Markets Shares	VAN0005AU
Cash Plus	VAN0102AU
Conservative	VAN0109AU
Balanced	VAN0108AU
Growth	VAN0110AU
High Growth	VAN0111AU
Vanguard® Investor Index Fund
Diversified Bond	VAN0101AU

Ratings current at 14 September 2007

The following research houses are referred to in the above table: Morningstar Research Pty Ltd ABN 83 062 096 342, Navigator Australia Limited ABN 45 006 302 987, Standard & Poor's Information Services (Australia) Pty Limited ABN 17 096 167 556 and Lonsec Limited ABN 56 061 751 102. Ratings by Lonsec constitute 'general advice'. The ratings and recommendations referred to in this presentation are only the opinions of the research houses and are provided for information purposes only and are not advice. All ratings and recommendations are subject to change without notice. They do not take into account your circumstances or needs so you should consider your circumstances and seek professional advice before making an investment decision. The research houses accept no liability whatsoever in connection with the ratings and recommendations, subject to law. Contact the relevant research house or their website for additional information, such as their Financial Services Guide. The research houses (other than Morningstar) receive a fee from Vanguard to review Vanguard funds using comprehensive criteria.