American Investment Services, Inc.

Disciplined, Diversified, & Cost Effective

2007

Nov. 2007 – The Investment Guide: New Recommendations, New Look

We have changed the “back page” of the INVESTMENT GUIDE in order to provide you with more useful information regarding our recommended investment vehicles. We have also changed our recommendations considerably following a careful review of investment vehicles available for each of our recommended asset classes. We have eliminated or replaced several recommended investment vehicles.

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Apr. 2007 – Recession? Fear Not

The statistical indicators of our parent organization, the American Institute for Economic Research, suggest that while economic contraction is more probable than continued expansion, the timing of the next recession cannot be determined. Investors should assume that the capital markets are “aware” of this situation, and simply maintain their current portfolio allocations. Our model portfolios

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