Note: A Vanguard fund "Prospectus" consists of the Vanguard Investment Series plc Prospectus, the fund-specific Supplement, the local Addendum (if any), and the most recent Annual or Semi-Annual Report.

Since December 19, 2006, the Vanguard Investment Series plc funds are no longer registered for public distribution with the Belgian Commission Bancaire, Financière et des Assurances and can not be publicly distributed in Belgium. Since this date, shares of the funds can only be bought in Belgium within the strict limits of private placement rules, namely: (1) A minimum investment of 250.000€ by client and by share class or; (2) By institutional investors as defined in Belgian Law or; (3) By discretionary portfolio managers within the limits of their discretionary management activities.