With over 350 clients around the world, Payden & Rygel maintains a broad geographic distribution and diverse client base. This list provides an example of our varied relationships.

Corporations Private Wealth Management/ Individual Investors Foundations, Universities and Charitable Organizations

Health Care Public Funds Union Funds / Taft Hartley

American Airlines, Inc. Alaska Air Group, Inc. American Automobile Association (AAA) Boeing Cognex Corporation Dynegy, Inc. Google, Inc.	Lockheed Federal Credit Union MeadWestvaco Corporation Northrop Grumman PACCAR Inc Shell Oil Co. United Technologies

Family groups Family business Family foundations	High net worth individuals Charitable remainder trusts Offshore family trusts

Academy of Motion Picture Arts & Sciences Archdiocese of Los Angeles GuideStone Funds Jewish Community Centers and     Foundations (Various) Los Angeles Sports Council Michigan State University Mount St. Mary’s College	San Francisco Foundation The Texas A&M University System United Way University of Michigan University of Washington UN Agencies Virginia Commonwealth University World-Renowned Universities – UK

Children's Hospital Los Angeles Good Samaritan Hospital Kaiser Permanente L.A. Care Health Plan Methodist Health System New York Presbyterian Hospital North Mississippi Health Services	Owensboro Medical Health System PeaceHealth - Seattle Salem Hospital Scripps Health St. Luke's Regional Medical Center Texas Children's Hospital University of Colorado Hospital

California Insurance Guarantee Association City of Detroit Policemen and Firemen City of Westminster – London Florida Local Government Investment Trust Kansas Public Employees	Nevada Public Employees State of California Department of Insurance Vantagepoint Funds

International Association of Machinists International Brotherhood of Electrical    Workers National Automatic Sprinkler Industry National Electrical Benefit Fund New York District Council of Carpenters	Pasadena Fire Fighters' Association Benefit Pasadena Police Officers Association Philadelphia Hospital & Health Care    Employees Producer-Writers Guild of America

Payden & Rygel did not use any performance-based criteria to determine which clients to include in the list. Nor does inclusion in the list imply client approval or recommendation. As of November 2009.