CalPERS Briefs Media on 2006 Corporate Governance Focus List.

WHO:      California Public Employees' Retirement System (CalPERS)

WHAT:     Press availability, TELECONFERENCE

WHEN:     11 a.m., Wednesday, April 19, 2006

WHERE:    Room 1140, Lincoln Plaza North CalPERS headquarters
          building
          400 P Street, Sacramento, California

WHY:      To comment on 2006 Focus List
          --  Rob Feckner, President, CalPERS Board of Administration
          --  Charles P. Valdes, Chair, CalPERS Investment Committee
          --  Christy Wood, Senior Investment Officer, Global Equity
          --  Dennis Johnson, Senior Portfolio Manager, Corporate
              Governance

Reporters can access background materials in advance via the
CalPERS Web site:
    --  Press Release (to be released Wednesday: see Press Room,
        CalPERS On-Line at www.calpers.ca.gov, "About CalPERS," Press
        Room, 2006 Press Releases)

    --  Focus List Fact Sheets (to be released in the CalPERS Press
        Room Wednesday)

To participate, call the toll-free number listed below at 10:50
a.m. PDT Wednesday.

                     From the U.S. [phone]
                   Outside the U.S. [phone]
                        Pass Code: "Focus List"
                       Call leader: Brad Pacheco

  (If there is a cancellation or delay, you will be advised by the
                              operator)

NOTE: The conference call operator will ask participants for their
name, news organization, telephone number. News media only, please.