HI529-Hawaii's College Savings Program

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.

The Underlying Fund Expenses include investment advisory fees, administrative, and other expenses as of December 31, 2006, which are paid to Vanguard.

Upromise and Vanguard have agreed to a specific formula for the allocation of the Plan Management Fee.

The Total Annual Asset-Based Fee is the fee charged to Account Owners for their ownership of Portfolio Units, and includes the Underlying Fund Expenses and the Plan Management Fee.