June 12th, 2008

June IMET Update

IMET PRESENTS ITS NEW WEBSITE HOME PAGE

On Friday, June 13, 2008, IMET will update its website home page to better serve our members.

When you log-on you will notice the following changes to the home page. The home page has been reformatted in order to provide more fund performance information at a glance when the page is loaded. In addition, we have added three new features to the home page: Upcoming Events is now prominently displayed on the home page along with a new Members section. In the Members section, you will learn about your colleagues and fellow IMET members beginning with IMET's Board of Trustees. We will be adding to this section as time goes on, and please contact Laura or Marina at (847) 296-9200 if you would like to have your picture and bio added to our Members section. You will also see a link under the Quick Links section to the right of the page for our new Photo Gallery.

The link to our online account information system has not changed and is still located in the upper right hand corner of the home page for easy access.

Please take a look at the new home page! We welcome your comments and feedback regarding how the website can best serve you.

IMET FUNDS CONTINUE TO HOLD STRONG

The IMET Convenience Fund continues to provide its investors with the Federal Funds rate guarantee through the end of 2008. For the 12-month period ended May 31, 2008, the IMET Convenience Fund provided a return of 4.14% to IMET members. The Fed Funds rate is currently at 2.00%. However, some economists and the market in general are preparing for a rate increase due to inflationary data and recent comments from Federal Reserve Chairman Ben Bernanke, and IMET Convenience Fund investors will benefit from a Fed Fund rate increase.

IMET's 1-3 Year Fund performance for the 12-month period ended May 31, 2008, provided a total return of 6.89% return on a gross of fee basis and a 6.61% return on a net of fee basis, and in recent months the IMET 1-3 Year Fund has outperformed our benchmark, the Lehman 1-3 Year Government Index.

For the period ending May 31, 2008, the Treasury yields increased and the yield curve flattened as investors focused on unfavorable commodity prices and inflation data and anticipated the Federal Reserve might begin to tighten by the fall. The longer end of the Treasury curve was hardest hit in price returns, so IMET's allocation to the shorter end of the curve helped to mitigate some of the negative impact to its investors.

IMET's portfolio managers at JPMorgan Asset Management continue to position the IMET 1-3 Year Fund with a slightly shorter duration than the index as investors continue to reassess prospects for future Fed activity.

UPCOMING EVENTS

IMET looks forward to seeing you at the upcoming events:

GFOA's 102nd Annual Conference

Fort Lauderdale FL - June 15 - 18, 2008.

IMTA Annual Conference

Rockford IL - June 29 - July 1, 2008.

IGFOA Downstate and So Metro Summer Conference

Starved Rock in Utica IL - July 23 - 24, 2008.

IGFOA Annual Conference

Champaign IL - September 7 - 9, 2008.

IML Annual Conference

Chicago IL - September 25 - 28, 2008.

May 5th, 2008

Standard & Poor's Fund Profile - IMET 1-3 Year Fund

Please click the link below to view Standard & Poors Fund Profile for the IMET 1-3 Year Fund.

Standard & Poor's Fund Profile - IMET 1-3 Year Fund

March 12th, 2008

1-3 Year Series Portfolio Information 2/29/08

	February 29, 2008	LEH 1-3 GOVT	IMET
			246650
			CN
Summary Statistics	Issues	336	86
	Market Value	1,190,392	171,228
	Par	1,132,595	163,405
	Coupon	4.32	4.64
	WAL	1.79	1.58
	Eff WAL	1.79	1.55
	Average Quality	AAA/AA1	AAA/AAA
	Duration	1.69	1.42
	OAD/Benchmark		83%
	Spread Product Dur	1.57	1.52
	Sprd Prdct Dur/Bench		88%
	Convexity	0.03	0.00
	YTW	1.94	2.17
	Current Yield	4.15	4.47
OAS by Sector	OAS Total	24	37
	Agency	72	81
	Mortgages	0	182
	-- Pass Through	0	182
	-- CMO Non-Derivative	0	0
	-- CMO Derivative	0	0
	ABS/CMBS	0	0
	Credit	0	0
Sector Distribution	Treasury	66.17	54.05
	Agency	33.83	37.54
	Mortgages	0.00	3.50
	Money Market	0.00	4.91
Credit Distribution	GOV	66.17	54.05
	AGN	33.83	41.04
	AAA	0.00	4.91
	AA	0.00	0.00
	A	0.00	0.00
	BAA	0.00	0.00
	<=BA	0.00	0.00
	BA	0.00	0.00
	B	0.00	0.00
	CAA	0.00	0.00
	CA	0.00	0.00
	C	0.00	0.00
	D	0.00	0.00
	NR	0.00	0.00
MV% by Eff WAL	0-1	4.67	34.77
	1-3	95.33	59.67
	3-5	0.00	5.57
	5-7	0.00	0.00
	7-10	0.00	0.00
	10-20	0.00	0.00
	20+	0.00	0.00
Dur Ctrib by EffWAL	0-3	1.69	1.28
	3-7	0.00	0.14
	7-10	0.00	0.00
	10+	0.00	0.00
Dur Contrib by Sector	Treasury	1.16	0.79
	Agency	0.53	0.57
	Mortgages	0.00	0.06
	Asset-Backed	0.00	0.00
	CMBS	0.00	0.00
	Credit	0.00	0.00
	-- Financial	0.00	0.00
	-- Industrial	0.00	0.00
	-- Utility	0.00	0.00
	-- Other Credit	0.00	0.00
	Derivatives		0.00
	Agcy/MBS / TotalD	32%	44%
	ABS/Credit / TotalD	0%	0%
	Spr Prod / TotalD	32%	44%

January 2nd, 2008

Standard & Poor's Affirms IMET's AAAf/S1 Rating

Standard & Poor's affirms IMET's AAAf/S1 rating in a letter to IMET.  Selected text from the letter is as follows:

The purpose of the letter is to affirm the Standard & Poor's "AAAf" fund credit quality and a "S1" fund volatility rating for IMET's 1-3 Year Series.

Standard & Poor's is pleased to have the opportunity to be of service to IMET.  For more information please visit S&P's website at http://www.standardandpoors.com/.

Analytical Contact:  Joel Friedman @ (212) 438-5043

Standard & Poor's Fund Profile - IMET 1-3 Year Fund

January 1st, 2008

Guaranteed Rate for Convenience Fund!

The IMET Board of Trustees is pleased to announce that it has guaranteed the rate of return offered on the IMET Convenience Fund. The Convenience Fund is a fully collateralized (110%) short-term money market fund initially established in September 2003 as a second investment option for IMET participants. Thanks to the cooperation and partnership of JP Morgan Chase, IMET is happy to announce a rate guarantee equal to the federal funds target rate. IMET is proud to offer this highly competitive, fully collateralized product as an exclusive to IMET participants. The fed funds rate is guaranteed to participants through the end of 2008. Transfers into the Convenience Fund may be made with a simple phone call to the Operations Desk at (888) 288-4638. New purchases into the Convenience Fund may be made by calling the Operations Desk at (888) 288-4638 and following the wire instructions that were mailed to participants.

January 1st, 2008

IMET Members Have Online Access

DO YOU KNOW THAT IMET OFFERS ON-LINE ACCESS FOR FUND PURCHASES, REDEMPTIONS, AND ACCOUNT STATEMENTS?

The Global Portfolio System (GPS) is available to all IMET participants through IMET's partnership with PMA. It's easy to sign up for on-line access; simply complete the following form which can be found on IMET's website under the Resource Files link on the right-hand side of the Home page:

• Request Form for On-line Account Access

If you would like your confirmations and account statements to be sent to you via e-mail, please also complete the following form:

• Confirmation Email Authorization Form

Completed forms should be faxed to IMET at:

• IMET Fax: (847) 296-9207

You will receive your Log-in ID via e-mail and your password will follow via snail mail (USPS). You must activate your password as the final step to completing the enrollment for on-line access through the GPS system. The activation telephone number to call is:

• Password Activation: (866) 747-4477

It's even easier to access your on-line account! Simply click on the Member Account Access link in the upper-right hand corner of any screen on IMET's website. Check it out at www.investimet.com.

If you have any questions about accessing your on-line account, IMET has also placed the GPS Users Guide on our website at www.investimet.com under the Resource Files link listed on the right-hand side of the home page. The users guide provides a quick visual tour of how to access information on-line, as well as how to execute purchases, redemptions, and fund transfers.