Today, Treasury announced an extension of its Temporary Guarantee Program for Money Market Funds until April 30, 2009. Under the program, Treasury guarantees the share price of any money market mutual fund – whether retail or institutional, taxable or tax-exempt – that applied for and paid a fee to participate in the program. All money market funds that currently participate in the program and meet the extension requirements are eligible to continue to participate. Participating money market funds that wish to extend their participation in the program must make an extension payment based on the fund's net asset value as of September 19, 2008 and submit the extension notice by December 5, 2008. Funds that are not currently participating in the program are not eligible to enter the program and currently participating funds that do not participate in this extension will not be eligible to participate in any potential further extension of the program. The temporary guarantee program will continue to provide coverage to shareholders up to amounts that they held in participating money market funds as of the close of business on September 19, 2008. The Treasury Department may extend the program until September 18, 2009; however, no decision has been made to extend the program beyond April 30, 2009.