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ILLINOIS MUNICIPAL RETIREMENT FUND

MEETING NO. 08-07
REGULAR MEETING
OF THE

BOARD OF TRUSTEES

The Regular Meeting of the Board of Trustees was held at 9:00 a.m., July 25,

2008, in the Fund Office at 2211 York Road, Suite 400, Oak Brook, Illinois.
Mr. Bochmann presided as Chair and called the meeting to order.
Ms. Enright called the roll:
Present: Shoop, Thompson, Voller, Bochmann, Faklis, Rademacher, Rasins, Ross

Absent: None

Ms. Ford and Mr. Kelly from Ennis Knupp and Associates, Mr. Moss from Seyfarth Shaw, LLP, and representatives from Loop Capital, MR Beal and Cheevers and Company were also present.

(08-07-01) (Investment Manager Activities - Ennis Knupp and
Associates) Ms. Ford and Mr. Kelly gave the following report to the Board
on the activities of IMRF’s investment managers:

vox 312 715 1700

10 South Riverside Plaza, Suite 1600

fax 312 715 1952

Chicago, Illinois 60606-3709

www.ennisknupp.com

Illinois Municipal Retirement Fund

Market and Manager Summary

June 30, 2008

The return and market value information in this report is preliminary. Return data prior to December 31, 2004, was calculated
and provided by Mercer Investment Consulting. EnnisKnupp began calculating returns, based on Northern Trust information,
as of January 1, 2005. Rates of return and market values ending June 30, 2008, have not yet been reconciled and are
considered preliminary.