NEW SYSTEM DELAY-RELATED ACTIONS The Federal Retirement Thrift Investment Board (Board), created by the Federal Employees' Retirement System Act of 1986, administers the Thrift Savings Plan (TSP) for Federal and Postal employees. The TSP is a retirement savings plan, similar to private sector 401(k) plans, with a fund balance of approximately $96 billion. The Board, on March 14, 2000, posted in CBDNet its requirements for daily valued equity index fund asset management and bond index fund asset management, investment management, and custodial services of assets of the TSP. On May 26, 2000, the Board issued two solicitation packages (Request For Proposals -- RFP) TIB-00-R-01 for the S&P 500 index (C Fund) and TIB-00-R-02 for the LBA bond index (F Fund). Both RFPs called for proposals to be submitted by July 12, 2000. The period of performance for contracts awarded was to begin on January 1, 2001. That start date was predicated on the Board's expectation that the new record keeping system currently being developed would be implemented on October 1, 2000. Since the issuance of the RFPs, the Board has learned that implementation will not occur until spring-summer 2001; in any event, after the anticipated start date for the prospective asset management contracts. Barclays Global Investors, N.A. (BGI), is the asset manager for both the C and F Funds. As a consequence of the delay in implementing the new daily valued system, the Board intends to extend the BGI monthly valued contracts (TIB-96-C-02 and -03, which otherwise would expire on December 31, 2000) for the several months in 2001 until the new system is operating. At that time, the daily valued contracts awarded pursuant to TIB-00-R-01 and -02 will take effect. Consequently, RFPs TIB-00-R-01 and -02 will be amended to extend the due date for submission of offers until August 9, 2000, and the period of performance will be changed to accommodate the above described delay in the new system availability. Interested parties are invited to download a copy of the solicitation amend-ments from the Board's business Web site at www.frtib.gov. For additional information, contact the Contract Office at (202) 942-1694. All responsible sources may submit an offer which will be considered if it meets the minimum requirements. WEB: Frtib Business Web Site, http://www.frtib.gov. E-MAIL: Purchasing Agent, MParker@TSP.Gov. Posted 06/30/00 (W-SN470848).

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