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REPORT OF THE TREASURER TO THE COUNCIL OF THE NATIONAL ACADEMY OF SCIENCES For the Year Ended December 3I, 2002

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Contents Treasurer's Statement Investments Endowment and Trust Investment Funds - Description of Funds for the Year Ended December 3], 2002 Endowment and Trust Investment Funds - Financial Detail of Funds from Inception To December 3l, 2002 Financial Detail of Funds for the Year Ended December 31, 2002 Endowment and Trust Investment Funds - Summary by Asset Class Endowment and Trust Investment Funds Fixed-Income Securities Endowment and Trust Investment Funds - Equity Securities II. Private Contributions IlI. Financial Condition Report of the Auditing Committee of the National Academy of Sciences Independent Auditor's Report Statements of Financial Position Statements of Activities Statements of Cash Flows Notes to Financial Statements Page 7 Schedule I 8 Schedule ]-A 18 Schedule 1-B 22 Schedule 2 26 Schedule 2-A 27 Schedule 2-B 28 29 41 42 43 44 45 46 47 . ~ 111

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