CollegeInvest, Vanguard, and Upromise: A Powerful Combination

If you're looking for a way to save for college that offers exceptional value and flexibility, you've come to the right place. With the CollegeInvest Direct Portfolio College Savings Plan, you not only benefit from considerable federal and Colorado tax benefits, but you also gain the advantage of investing with two major players in the financial services industry: Vanguard and Upromise Investments, Inc.

Vanguard is one of the world's largest and most-respected investment management firms, with more than $1.2 trillion in assets under management as of September 30, 2007. Investors know they can trust Vanguard to consistently deliver high value at costs that are among the lowest in the industry. And when you invest with a company that works at keeping costs low, you can save a lot of money . . . year after year.

Upromise Investments, Inc., makes the plan even more attractive and affordable for families. We chose Upromise, a recognized leader in administrative services for 529 plans, because it adds a broad combination of service options that allows account owners to manage and contribute to their accounts online.

In addition, Upromise offers the Upromise® rewards service to Direct Portfolio account owners. This free service helps you save for college by returning a percentage of your spending at hundreds of America's leading companies—such as McDonald's, ExxonMobil, and many of your favorite local supermarkets. These automatic rebates can be transferred directly into your Direct Portfolio plan account, supplementing your own savings.

CollegeInvest, Vanguard, and Upromise invite you to learn more about how we can help you make your college savings goals a reality. For more information about the CollegeInvest Direct Portfolio College Savings Plan, feel free to explore this website and to refer to the Direct Portfolio Plan Disclosure Statement.

For more information about the CollegeInvest Direct Portfolio College Savings Plan, click here to obtain a Plan Disclosure Statement and Participation Agreement, which include investment objectives, risks, charges, expenses, and other information; read and consider them carefully before investing. Vanguard Marketing Corporation, Distributor and Underwriter.

Note: Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 plan[s], or any other 529 plan, to learn more about those plans' features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

CollegeInvest is the issuer of Plan securities, is the trustee of the plans in accordance with Colorado law, oversees the Managers' activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the Plans.

Upromise Investments, Inc., serves as Plan Manager for the CollegeInvest Direct Portfolio College Savings Plan and has overall responsibility for the day-to-day operations, including effecting transactions. The Vanguard Group, Inc., also serves as Plan Manager and Investment Manager for the CollegeInvest Direct Portfolio College Savings Plan, and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists CollegeInvest with marketing and distributing the Program.

Vanguard Marketing Corporation, Distributor and Underwriter for the CollegeInvest Direct Portfolio College Savings Plan.

CollegeInvest and the CollegeInvest logo are registered trademarks.

Vanguard is a trademark of The Vanguard Group, Inc. Upromise is a registered service mark of Upromise, Inc. All other marks are the exclusive property of their respective owners.