Investment Management & Arbitrage Rebate Program
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IllinoisPrimeSM Shares are a class of the CCRF Prime Portfolio of the Commonwealth Cash Reserve Fund, Inc., a AAAm* rated money market mutual fund. IllinoisPrime Shares offer daily liquidity for participants in the IFA Investment Management & Arbitrage Rebate Program.

IllinoisPrime Shares are managed by PFM Asset Management LLC with the objectives of safety, liquidity and return with minimal risk.

IllinoisPrime Shares yields are expected to track short-term interest rates.

Current Rate
IllinoisPrime Current Seven Day Yield As of 7/3/2008
2.51% 

IllinoisPrime is a service mark of the Illinois Finance Authority.
*AAAm rating from Standard & Poor's is for the CCRF Prime Portfolio, of which IllinoisPrime is a class.

Although the Commonwealth Cash Reserve Fund, Inc. (the Fund) seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Fund are offered and distributed solely by PFM Fund Distributors, Inc., member NASD.

The yield shown above represents past performance. Past performance is no guarantee of future results and yields may vary. The current Fund performance may be higher or lower than the figure shown. The current seven-day yield does not include realized gains and losses on the sale of securities. The yields shown above may reflect fee waivers by service providers that subsidize and reduce the total operating expenses of the Fund. Fund yields would be lower if there were no such waivers.





IllinoisPrime Shares are a class of the Prime Portfolio of the Commonwealth Cash Reserve Fund, Inc. (the "Fund"). This information does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security in any jurisdiction, or for the benefit of any person. Investors should consider the investment objective, risks, charges, and expenses before investing in any of the Fund's portfolios. This and other information about the Fund is available in the Fund's current Prospectus, which should be read carefully before investing. A copy of the Fund's Prospectus may be obtained by calling 1-866-690-4432 or is available on the Fund's website at www.il-fa.com/bondproceeds. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Fund are offered and distributed solely by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.

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