Duke University/CFO
Global Business Outlook Survey
Second Quarter 2008

No individual firms are identified and only aggregate data are made public. Please respond by June 12. If you have any questions about this survey, please contact us.

6a. In the past year, has your company taken steps to reduce the impact of rising fuel costs?

No   Yes    6b. If yes, what steps has your company taken? (Check all that apply)   Using more fuel-efficient fleet   Using more efficient shipping methods (e.g., consolidating shipments)   Switching means of shipping (e.g., from air to rail)   Improving facility management (e.g., reduced lighting)   Using more efficient production process   Hedging   Telecommuting   Reducing business travel   Switching fuel source from to   Passing on price increases by raising our prices   Reducing our margins   Negotiating fixed price fuel contracts   Other

7. How has your company responded to other recent non-fuel commodity and raw materials price increases? (check all that apply)

We have passed on price increases by raising our prices   We have reduced our margins   We have negotiated fixed price contracts with our vendors   We have hedged commodity prices   We have sought alternative sources and/or raw materials   We have made no changes   We have not been impacted   Other

8a. Has your company been affected by the cost or availability of credit?

No   Yes, somewhat      Yes, very much   8b. If yes, in what ways has your company been affected by the credit market turmoil?    [check all that apply]     Decreased availability of credit            Check here if you experienced difficulty initiating or renewing a bank credit line   Increased cost of credit     How many basis points increase since summer 2007?   bps   Other:

9a. Have the recent credit market and economic conditions caused your company to take the following actions over the past six months?

Yes No Delay, reduce or cancel new investment plans Delay, reduce or cancel hiring plans Initiate a substantial cost cutting program Other:

9b. Do you anticipate that credit market and economic conditions will cause your company to take the following actions over the next six months?

Yes No Delay, reduce or cancel new investment plans Delay, reduce or cancel hiring plans Initiate a substantial cost cutting program Other:

10. Do you expect any change in your cost of funds in the next six months?

Decrease Stay the same Increase

11. On June 3, 2008 the annual yield on 10-yr treasury bonds was 4.0%. Please complete the following:

a. Over the next 10 years, I expect the average annual S&P 500 return will be: Worst Case: There is a 1-in-10 chance the actual average return will be less than:              % Best Guess: I expect the return to be: % Best Case: There is a 1-in-10 chance the actual average return will be greater than:           % b. During the next year, I expect the S&P 500 return will be: Worst Case: There is a 1-in-10 chance the actual return will be less than:              % Best Guess: I expect the return to be: % Best Case: There is a 1-in-10 chance the actual return will be greater than:           %

12. When do you expect the U.S. economy to begin recovery?

Recovery already began   2008, Quarter 3   2008, Quarter 4   2009, Quarter 1   2009, Quarter 2   2009, Quarter 3   2009, Quarter 4   2010 or beyond   No opinion

Please check one from each category that best describes your company:      a. Industry

Retail/Wholesale        Mining/Construction        Manufacturing        Transportation/Energy        Communications/Media       Tech [Software/Biotech]       Banking/Finance/Insurance       Service/Consulting       Healthcare/Pharmaceutical       Other:

b. Sales Revenue	c. Number of Employees
Less than $25 million        $25-$99 million        $100-$499 million        $500-$999 million        $1-$4.9 billion        $5-$9.9 billion        More than $10 billion	Fewer than 100       100-499       500-999       1,000-2,499       2,500-4,999       5,000-9,999       More than 10,000

d. Headquarters	e. Ownership
Northeast U.S.        Mountain U.S.        Midwest U.S.        South Central U.S.        South Atlantic U.S.        Pacific U.S.  Canada  Central/Latin America  Europe  Asia	Public, NYSE       Public, NASDAQ/AMEX       Private       Government       Nonprofit

f. Foreign Sales	g. Your job title (e.g., CFO, Asst. Treasurer, etc)
0%        1-24%        25-50%        More than 50%

h. What is your company's credit rating?

Not Applicable AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC CC D Not Rated   If you do not have a rating, please estimate what your rating would be.