[SHIP LOGO VANGUARD/(R)/]

VANGUARD/(R)/ FUNDS

SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION

NEW PRESIDENT ELECTED

The boards of trustees of the Vanguard funds have elected F. William McNabb III as President, effective March 1, 2008. Mr. McNabb has been with Vanguard since 1986 and has been a Managing Director of Vanguard since 1995.

(C)2008 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor. SAIALL032008

This page intentionally left blank.

Vanguard FTSE Developed ... (AMEX:VEA)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Vanguard FTSE Developed ... Charts.
Vanguard FTSE Developed ... (AMEX:VEA)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Vanguard FTSE Developed ... Charts.