MOST—Missouri's 529 College Savings Plan

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Add to your MOST 529 account with Upromise rewards–you'll get free money for college when you spend with hundreds of America's leading companies, including many Missouri businesses. Learn more.

Vanguard is one of the world's largest investment management companies, with a single focus on the needs of our investors and a dedication to outstanding performance, superior service, and low costs. Learn more.

Since 1958, Missouri-based American Century Investments® has been managing money for investors to help them reach their financial goals. Learn more.

A Message From the Treasurer

Dear College Saver:

As parents, we have high hopes for our children's future. When we hear them speak excitedly about their dreams and ambitions, we want to do whatever we can to help them reach their full potential. That's where MOST—Missouri's 529 College Savings Plan can help.

MOST 529 features a variety of benefits and investment choices designed to help Missourians of all income levels prepare to meet the costs of higher education. Your contributions grow free of federal and Missouri state income taxes, and can be withdrawn tax-free when used for the beneficiary's higher education expenses.* Plus, if you're a Missouri taxpayer, you can deduct up to $8,000 in contributions ($16,000 if married filing jointly) per year from your Missouri income taxes.**

In addition, you can choose from a wide range of investment options from two of the nation's leading investment management companies—Vanguard and Missouri-based American Century Investments. You can also take advantage of the Upromise® rewards service, which helps you save for college by giving back a percentage of your qualified spending with hundreds of America's leading companies.

Best of all, there are no sales charges, fees, or commissions—just a small annual asset-based management fee. And you can get started with as little as $25!

I encourage you to find out more about the plan by reading the Program Description. If you have questions, I hope you'll contact us.

Thank you for your interest in MOST 529. Together, we can do the MOST to send Missouri's children to college.

Sincerely,

Clint Zweifel
Missouri State Treasurer
Chair, Missouri Higher Education Savings Program Board

* Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

** Contributions to the plan in a tax year are deductible from Missouri state income tax, but may be subject to recapture in subsequent years if you make a nonqualified withdrawals.

For more information about MOST—Missouri's 529 College Savings Plan, download a Program Description or request one by calling 888-414-MOST. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing. Vanguard Marketing Corporation, Distributor and Underwriter. Please note: Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The Missouri Higher Education Savings Program (the "Program Trust") is a trust created by the state of Missouri. When you invest in MOST—Missouri's 529 College Savings Plan (the "Plan"), you are purchasing portfolio units issued by the Program Trust. Portfolio units are municipal securities. The Plan has been implemented and is administered by the Missouri Higher Education Savings Program Board (the "Board"). Upromise Investments, Inc., and Upromise Investment Advisors, LLC, serve as the Program Manager and Recordkeeping and Servicing Agent, respectively, with overall responsibility for the day-to-day operations, including effecting transactions. The Vanguard Group, Inc., and American Century Investments serve as Investment Managers for the Plan. Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., markets and distributes the Plan. The Plan's portfolios, although they invest in mutual funds, are not mutual funds.

Investment returns are not guaranteed, and you could lose money by investing in the Plan. Participants assume all investment risks, including the potential for loss of principal, as well as responsibility for any federal and state tax consequences.

Upromise is a registered trademark of Upromise, Inc.