This committee seems to have been created in September, 1971, at the suggestion of Mr. Bert Reynold. It consisted of 8 persons including the president and the financial vice president of the University. It is not known when the committee was discontinued. The following information on the charge of the committee is taken from the minutes of the committee's meeting on September 15, 1971: "For a number of years, Mr. Bert Reynold has on a voluntary basis been acting as an investment counsel to the University. On several occasions he has suggested an advisory committee that would serve as a broader base for policy decisions. The present committee will meet this need. Meeting regularly, it will advise on general policy and, from time to time, individual members would be called upon for advice on particular action".