Detecti ves' End owmen t Association

Annuity Fund Meet ing

August 29, 2007
IHINUTES OF A MEETING

of the

BOARD OF TRUSTEES

of the

DETECTIVES' ENDOWMENT ASSOCIATION

ANNUITY FUND

Held at the Detectives' Endowment Association Annuity Fund's Office, 26 Thomas Street, New
York, NY 10007 on the 29 th day of August 2007 at 10:50 a.m.

TRUSTEES PRESENT: Michael Palladino, Chairman

Paul DiGiacomo
Victor Cipullo
CeciI Martinez
Joseph Cusanelli

OT l LERS PRESENT: Carmine Russo, Executive Director

Sharon Robertson, Fund Administrator

Donna M . Cliff, Esq. and Brett D.M. Herr, Esq . of

Mirkin & Gordon, P .C., Fund Counsel

Steven Schlapp of Gould, Kobrick & Schlapp, PC,

Fund Auditor

John Renck and Jack Renck of Monitoring

Evaluation Services, Inc., Investment
Ad visor/Consultants

GOVERNMENT
EXHIBIT

GO -8
 Detectives' Endowment Association
Annuity Fund Meeting
August29,2007

V. CHAIRMAN'S REPORT

A. Wright Investors , 0 tv. t I)

The Chairman reported that since the last meeting) ~ was invested with

Wright Investors in its international equities product. The Chairman advised that these

funds were transferred from the Fund's Morgan Stanley account.

Thereafter, upon motion duty made by Mr. Palladino, seconded by Mr. Cipullo
\C> ~\\
and carried unanimously) the Trustees ratified the action taken to invest $~OOO with

Wright Investors in its international equities product.

VIII. NEXT MEETING & ADJOURNMENT

The next meeting was scheduled for December 13,2007 at 10:00 a.m.

There being no further business to come before the Trustees, upon motion duly made,

seconded and carried unanimously, the meeting was duly adjourned at 12:25 p.m.