ANNUAL REPORT 2003

CONTENTS:
1. Greeting & Calligraphy from Khyentse Rinpoche
2. Report from the Executive Director
3. Summarized Audited Financial Statement (as of June 30, 2003)
4. Report from the Investment Committee
5. Khyentse Foundation Team
6. Additional Information available upon request
a. Full set of Audited Financial Statements for the year ended June 30, 2003
b. Khyentse Foundation Investment Guidelines as of September 2003

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