INVESTINGINTHEPSA-OccidentalPetroleum.docVIP

PSA Fund Descriptions July 2003 You may invest your PSA employee contributions among the 14 investment Funds described below. Trustee and investment management fees under each Fund are netted out of that Fund’s earnings. Any 12b-1 fees that are rebated to the PSA trust by any of the mutual fund investment managers will be used to help pay for administrative Plan expenses. Fund Name Risk/Return Characteristics Type of Fund and Ticker Symbol Fund Manager Information Stable Value Fund Conservative Individually Managed for the PSA Ticker Symbol: N/A PRIMCO Capital Management Inc. Bond Fund Moderate Institutional Mutual Fund Ticker Symbol: PTTRX Pacific Investment Management Company PIMCO Total Return Fund Web Site: Convertible Bond Fund Moderate Individually Managed for the PSA Ticker Symbol: N/A Advent Capital Management Diversified Balanced Fund Moderate Mutual Fund Ticker Symbol: DODBX Dodge Cox Dodge Cox Balanced Fund Web Site: SP 500 Index Fund Aggressive Commingled Institutional Fund Ticker Symbol: N/A The Vanguard Group Vanguard Employee Benefits Index Fund Web Site: Large Cap Value Fund Aggressive Individually Managed for the PSA Ticker Symbol: N/A Alliance Bernstein Large Cap Blend Fund Aggressive Institutional Mutual Fund Ticker Symbol: FMAGX Fidelity Management Research Co. Magellan Fund Web Site: Growth Fund Aggressive Institutional Mutual Fund Ticker Symbol: HACAX Harbor Capital Advisors, Inc. Harbor Capital Appreciation Fund Web Site: SP 400 Mid Cap Index Fund Aggressive New option offered beginning 04/01/2002 Mutual Fund Ticker Symbol: VIMAX The Vanguard Group Vanguard Mid Cap Index Fund Web Site: REIT Index Fund Aggressive New option offered beginning 04/01/2002 Mutual Fund Ticker Symbol: VGSLX The Vanguard Group Vanguard REIT Index Fund Web Site: International Equity Fund Very Aggressive Institutional Mutual Fund Ticker Symbol: POVSX Putnam Investments, Inc. Putnam International Equity Fund