B-1 STATEMENT OF ADDITIONAL INFORMATION Dated May 1 ...

APPENDIX B - Directors and OfficersThe directors and officers of the Fund are listed below, together with their principal occupationsduring the last five years. The information is as of December 31, 2008.Name, Address, andYear of BirthInterested DirectorEdward J. Zore720 East Wisconsin Ave.Milwaukee, WI 532021945Independent DirectorsMichael G. Smith720 East Wisconsin Ave.Milwaukee, WI 532021944William A. McIntosh720 East Wisconsin Ave.Milwaukee, WI 532021939Miriam M. Allison720 East Wisconsin Ave.Milwaukee, WI 532021947Position(s)Held withFundChairman ofthe BoardTerm ofOfficeandLengthof TimeServedPrincipal Occupation(s)During Past 5 Years2000* Chairman and Chief ExecutiveOfficer of Northwestern Mutualsince 2009; President and ChiefExecutive Officer ofNorthwestern Mutual from 2001to 2009. Trustee of NorthwesternMutual since 2000.Director 2003* Private investor. Prior to hisretirement in 1999, ManagingDirector, Corporate andInstitutional Client Group,Central Region, Merrill Lynch &Co., Inc.Director 1997* Financial consulting. AdjunctFaculty Member, HowardUniversity, Washington, D.C.from 1998 – 2004. Prior thereto,Division Head, U.S. FixedIncome Division of SalomonBrothers, an investment bankingfirm.Director 2006* Rancher since 2004. Real estatedeveloper since 2002. From2001 to 2005, Chairman ofUMB Fund Services, Inc.(formerly Sunstone FinancialGroup, Inc.), a provider ofadministration, recordkeepingand marketing services toinvestment companies. Priorthereto, founder, President, andCEO of Sunstone FinancialGroup, Inc.Number ofPortfolios inFundComplexOverseen byDirectorOtherDirectorshipsHeld byDirector27 Manpower, Inc.;Trustee ofNorthwesternMutual27 Trustee of TheIvy Family ofFunds (2registeredinvestmentcompanies - 29portfolios),Director of TDXIndependenceFunds, Inc. (5portfolios),CTMG, Inc. andCox BusinessSchool, SouthernMethodistUniversity27 MGICInvestmentCorporation27 NoneB-74