Investment Funds Fact Sheet

Portfolio Description

The age-based aggressive portfolio is allocated primarily in equity investment funds during the early years of the designated beneficiary’s life. As the beneficiary nears college age, the equity allocation decreases, and the fixed income and the money market allocations increase. When the Beneficiary attains age 9, 13, 17, and 21, the age-based aggressive portfolio automatically realigns with a decrease in the stock portion and an increase in the fixed income and the money market allocations.

Portfolio Objectives

This portfolio seeks to provide growth of capital and some current income by investing 78% of its assets in a diversified portfolio of domestic and international equity funds, 20% in fixed income funds, with the remaining 2% in real estate funds.

Portfolio Strategies

The portfolio invests in other mutual funds according to a fixed formula that typically results in an allocation of 58% domestic equity funds, 20% international equity funds, 20% fixed income funds with the remaining 2% in real estate funds. The portfolio manages cash flows to maintain the stated asset allocation. The percentages targeted for each of the underlying investment funds are reflected in the accompanying pie chart titled "Investment Structure." The stock holdings in the underlying mutual funds consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small-cap U.S. stocks and foreign stocks.

Portfolio Expense Ratio³

The expense ratios of the underlying funds, as set forth in each fund's most recent prospectus, are listed below. The estimated overall expense ratio for this portfolio is:

Front End Sales Load:	3.50%
Program Management Fee:	0.45%
Underlying Estimated Fund Expenses:	0.59%¹
Advisor Servicing Fee:	0.25%
TOTAL:	1.29%

Investment Structure

Portfolio Performance (as of August 31, 2010)⁴

	3 Month	YTD	1YR	Since Inception	Inception Date
(NAV)	-2.08%	-3.23%	4.88%	-0.23%	11/18/2005
(Load)	-5.51%	-6.62%	1.21%	-0.97%	11/18/2005

Fund Performance -- (as of June 30, 2010)²
Fixed Income Funds	Expense Ratio	Ticker	QTR	YTD	1yr	3yr	5yr	10yr or Life of Fund^†	Inception Date
Northern Bond Index Fund Fact Sheet, Prospectus, Annual Report,	0.25%	NOBOX	3.56%	5.26%	8.87%	7.32%	n/a	6.28%^†	2/27/2007
PIMCO Total Return Fund Fact Sheet, Prospectus, Annual Report,	0.64%	PTTRX	2.75%	5.80%	13.31%	11.12%	7.44%	7.83%
Real Estate Fund	Expense Ratio	Ticker	QTR	YTD	1yr	3yr	5yr	10yr or Life of Fund^†	Inception Date
ING Global Real Estate Fund Fact Sheet, Prospectus, Annual Report,	1.12%	IGLIX	-9.45%	-7.78%	20.15%	-11.76%	1.24%	1.82%^†	6/3/2005
Domestic Equity Funds	Expense Ratio	Ticker	QTR	YTD	1yr	3yr	5yr	10yr or Life of Fund^†	Inception Date
American Century Equity Growth Fund Fact Sheet, Prospectus, Annual Report,	0.50%	AMEIX	-11.17%	-5.99%	13.69%	-10.43%	-1.51%	-1.12%
DFA U.S. Large Cap Value Fund Fact Sheet, Prospectus, Annual Report,	0.30%	DFLVX	-12.81%	-4.24%	21.23%	-12.98%	-1.58%	4.77%
Delaware Small Cap Core Fund Fact Sheet, Prospectus, Annual Report,	1.15%	DCCIX	-9.28%	-0.95%	19.10%	-10.23%	-0.81%	8.11%
Northern Small Cap Value Fund Fact Sheet, Prospectus, Annual Report,	1.00%	NOSGX	-9.90%	-2.28%	22.79%	-7.75%	0.56%	6.33%
T. Rowe Price Instl. Large-Cap Growth Fund Fact Sheet, Prospectus, Annual Report,	0.57%	TRLGX	-12.48%	-9.14%	14.85%	-5.93%	0.57%	3.53%^†	10/31/2001
William Blair Small Cap Growth Fund Fact Sheet, Prospectus, Annual Report,	1.20%	WBSIX	-11.51%	-3.49%	17.80%	-7.70%	0.76%	7.03%
International Equity Funds	Expense Ratio	Ticker	QTR	YTD	1yr	3yr	5yr	10yr or Life of Fund^†	Inception Date
AllianceBernstein International Value Fund Fact Sheet, Prospectus, Annual Report,	0.99%	ABIYX	-18.96%	-17.97%	2.84%	-21.06%	-2.92%	4.47%^†	3/29/2001
Oppenheimer International Growth Fund Fact Sheet, Prospectus, Annual Report,	0.83%	OIGYX	-11.14%	-7.61%	13.74%	-8.73%	5.25%	0.83%

† Performance information is for the life of the fund for funds with less than 10 years of performance history.

1 Underlying estimated fund expenses are the Bright Directions® College Savings Program's estimate of the fees and expenses of the underlying mutual funds that make up the portfolio based on the weighted average of the expenses of each underlying fund. Actual expenses of the underlying funds may be different.

2 Underlying fund performance information is current as of the end of the most recent calendar quarter and has been obtained from sources that are believed to be reliable, including the underlying fund companies. Bright Directions® College Savings Program has not independently verified the performance information set forth above in the "Fund Performance" section.

3 Expense ratio information is the total annual fund operating expenses for the investment funds that make up each portfolio, as disclosed in each fund's most recent prospectus dated prior to May 15, 2010. Expense ratio information is historic, and the actual expenses of the underlying funds may be different.

4 Performance information is current as of the most recent timeframe referenced above and is net of the 0.45% program management fee the Program imposes and ongoing fees at an annualized rate of 0.25% for Fee Structure A.

Investors in the Bright Directions® College Savings Program do not own shares of the underlying mutual funds directly, but rather own shares of a portfolio in Bright Directions®.

Past performance is not necessarily an indication of future performance. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may be lower or higher than the performance data above. In addition, the performance information set forth above in the "Fund Performance" section does not reflect the charges assessed by the program. If it did, the annual total returns would be lower.

You should be aware that other states may sponsor their own qualified tuition plans and may offer a state tax deduction or other benefits that are limited to residents who invest in that plan. You should consult with a tax advisor about state and local taxes.

Investments in the Bright Directions® College Savings Program are not guaranteed or insured by the State of Illinois, the Illinois State Treasurer, Union Bank & Trust Company, Northern Trust Securities, Inc., the Federal Deposit Insurance Corporation or any other entity. Investors should read carefully and consider the investment objectives, risks, fees, and expenses contained in the Program Disclosure Statement (issuer's official statement) before investing. The Program Disclosure Statement, which contains additional information about the plan and municipal fund securities, is available from your financial advisor.

NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE