Rates of Return

Toll Free CMF Daily Rate Hotline 1-888-286-5052

State Other-than-State Avg. Monthly Rate 1/3/12 .14 .03 Avg. Daily Rate on 1/31/12 .13 .03

Unaudited holdings in the Fund as of December 31, 2011 (Adobe PDF 88kb)

Fiscal Year	Avg. Annualized Daily Rate:		Avg. Annualized Compounded Rate (1):
	State	Other-than-State	Other-than-State
1996	5.60	5.40	5.63
1997	5.47	5.29	5.51
1998	5.56	5.41	5.64
1999	5.15	4.98	5.18
2000	5.58	5.50	5.73
2001	5.94	5.78	6.03
2002	2.93	2.75	2.87
2003	1.77	1.67	1.70
2004	1.11	1.01	1.01
2005	2.19	2.09	2.16
2006	4.16	4.06	4.20
2007	5.25	5.14	5.35
2008	4.11	3.97	4.10
2009	1.55	1.40	1.40
2010	.45	.34	.34
2011	.30	.20	.20
(1) Assumes that moneys are left on deposit and are allowed to compound for one year

Other-than-State Participants (at June 30).
	2009	2010
No. of Participants	2,203	2,266
No. of Accounts	4,192	4,378
Total Funds ($ billions)	$4.7	$4.5

In compliance with the Government Accounting Standards Board Statement No. 31, the fair value per unit of the Fund’s underlying portfolio as of June 30, 2011 was 1.0001589905 and as of December 31, 2011 was 1.0009567883.