State of Connecticut

Statement of Changes in Fiduciary Net Assets
Fiduciary Funds
June 30, 2008
(Expressed in Thousands)
Private-
Pension & Investment Purpose
Other Employee Trust Fund Trust Fund
Benefit External Escheat
Trust Funds Investment Pool Securities Total
Additions        
Contributions:        
Plan Members $380,781 $- $- $380,781
State 3,728,016 - - 3,728,016
Municipalities 39,274 - - 39,274
Total Contributions 4,148,071 - - 4,148,071
Investment Income (1,054,669) 60,618 - (994,051)
Less: Investment Expense (205,569) (337) - (205,906)
Net Investment Income (1,260,238) 60,281 - (1,199,957)
Escheat Securities Received - - 30,628 30,628
Pool's Share Transactions - (82,884) - (82,884)
Transfers In 2,789 - - 2,789
Other 5,065 - - 5,065
Total Additions 2,895,687 (22,603) 30,628 2,903,712
Deductions        
Administrative Expense 2,286 - - 2,286
Benefit Payments and Refunds 2,927,526 - - 2,927,526
Escheat Securities Returned or Sold - - 8,579 8,579
Distributions to Pool Participants - 60,282 - 60,282
Other 2,788 - 26,465 29,253
Total Deductions 2,932,600 60,282 35,044 3,027,926
Change in Net Assets Held In Trust For:        
Pension and Other Employee Benefits (36,913) - - (36,913)
Individuals, Organizations, and Other Governments - (82,885) (4,416) (87,301)
Net Assets - Beginning (as restated) 25,905,695 1,058,422 99,762 27,063,879
Net Assets - Ending $25,868,782 $975,537 $95,346 $26,939,665

The accompanying notes are an integral part of the financial statements.