Maryland College Investment Plan

Total Assets as of December 31, 2011 - $2,397,560,186.

An investment in the U.S. Treasury Money Market Portfolio is not insured or guaranteed by the FDIC or any other government agency. Although the Portfolio seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the portfolio.

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Unit price, principal value, and return will vary, and you may have a gain or loss when you sell your Units.

Portfolio Prices and Total Returns (net of fees)

	Portfolio Prices			Total Returns									Total Annual Asset-Based Fees
Portfolio Name	Unit Price as of 2/3/2012	Price Change	Percentage Change	One-Month Return as of 1/31/2012	Three-Month Return as of 1/31/2012	One-Year Return as of 12/31/2011	Annualized Three-Year Return as of 12/31/2011	Annualized Five-Year Return as of 12/31/2011	Annualized Since Inception* as of 12/31/2011	Inception Date	Monthly YTD Return as of 1/31/2012	Daily YTD Return as of 2/3/2012	Total Annual Asset-Based Fees¹	As of Date
Enrollment-Based Portfolios
Portfolio For College	$15.32	$0.06	0.39 %	1.67 %	1.74 %	1.49 %	6.19 %	2.92 %	3.11 %	11/26/2001	1.67 %	2.27 %	0.67 %	6/30/2011
Portfolio 2012	$17.84	$0.06	0.34 %	1.84 %	1.96 %	2.17 %	10.60 %	2.40 %	4.65 %	11/26/2001	1.84 %	2.47 %	0.71 %	6/30/2011
Portfolio 2015	$18.21	$0.12	0.66 %	2.98 %	3.16 %	2.59 %	13.95 %	2.41 %	4.68 %	11/26/2001	2.98 %	4.30 %	0.79 %	6/30/2011
Portfolio 2018	$17.79	$0.18	1.02 %	4.18 %	3.56 %	0.54 %	14.51 %	1.24 %	4.25 %	11/26/2001	4.18 %	6.27 %	0.85 %	6/30/2011
Portfolio 2021	$17.44	$0.21	1.22 %	4.74 %	3.84 %	-0.55 %	15.29 %	0.29 %	3.95 %	11/26/2001	4.74 %	7.26 %	0.86 %	6/30/2011
Portfolio 2024	$15.86	$0.23	1.47 %	5.32 %	4.19 %	-1.61 %	15.90 %	-0.27 %	4.79 %	10/31/2003	5.32 %	8.26 %	0.85 %	6/30/2011
Portfolio 2027	$11.94	$0.19	1.62 %	5.66 %	4.32 %	-2.40 %	15.73 %	-0.36 %	1.68 %	6/30/2006	5.66 %	8.94 %	0.85 %	6/30/2011
Portfolio 2030	$12.38	$0.19	1.56 %	5.63 %	4.34 %	-2.40 %	N/A	N/A	6.63 %	12/31/2009	5.63 %	8.88 %	0.85 %	6/30/2011
Fixed Portfolios
Equity Portfolio	$17.23	$0.27	1.59 %	5.62 %	4.37 %	-2.34 %	15.66 %	-0.28 %	3.67 %	11/26/2001	5.62 %	8.84 %	0.84 %	6/30/2011
Total Equity Market Index Portfolio	$11.90	$0.18	1.54 %	4.90 %	5.37 %	0.46 %	14.54 %	-0.22 %	1.80 %	6/30/2006	4.90 %	7.89 %	0.60 %	6/30/2011
Balanced Portfolio	$19.26	$0.20	1.05 %	4.43 %	3.63 %	0.22 %	14.06 %	2.15 %	5.03 %	11/26/2001	4.43 %	6.64 %	0.86 %	6/30/2011
Bond & Income Portfolio	$21.28	$0.04	0.19 %	2.27 %	2.32 %	3.92 %	10.90 %	5.46 %	6.45 %	11/26/2001	2.27 %	2.90 %	0.89 %	6/30/2011
Short-Term Bond Portfolio	$12.97	$0.00	0.00 %	0.86 %	0.70 %	1.26 %	4.22 %	3.75 %	3.13 %	10/31/2003	0.86 %	0.86 %	0.74 %	6/30/2011
U.S. Treasury Money Market Portfolio 7 Day Yield² As of 2/3/2012 Simple: 0.00 % Compound: 0.00 %	$1.00	$0.00	0.00 %	0.00 %	0.00 %	0.00 %	N/A	N/A	0.00 %	12/31/2009	0.00 %	0.00 %	0.19 %	6/30/2011

To view Maryland College Investment Plan Portfolio Allocations and Market Values please click here.

¹ The stated total annual asset-based fees consist of the estimated underlying mutual fund expenses and the annualized Program Fee for each portfolio. The estimated underlying mutual fund expenses are based on a weighted average of each Fund's expense ratio, in accordance with the Investment Option's actual asset allocations among the applicable Funds as of June 30, 2011.
² Yields for the U.S. Treasury Money Market Portfolio represent the average daily dividends for the seven days, annualized by 365 days and divided by the net asset values per share at the end of the period. Year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in unit price for the given period. The yield presented in this table more closely reflects the current earnings of the Money Market Portfolio than the total return. The Program Fee will be waived in whole or part in the event that the combination of the Annualized Expense Ratio and the Program Fee would result in a negative return for the U.S. Treasury Money Market Portfolio. The fee waiver, when implemented, has the effect of increasing the Portfolio's net yield.
To view performance comparisons with weighted average benchmarks for each portfolio, please see our most recent Annual Report.
Total return figures include changes in principal value, and any reinvested dividends and capital gain distributions. Dividends and capital gains distributed by underlying mutual funds become income to the portfolios. However, the MCIP portfolios (except for the U.S. Treasury Money Market Portfolio) do not distribute any dividends or capital gains, so changes in the total return are reflected by changes in net asset value.
For more information on the Maryland College Investment Plan, contact the College Savings Plans of Maryland by calling toll-free 888.4MD.GRAD (463.4723), visiting the Contact Us section of the site, or by viewing the Plan Disclosure Statement. Enrolling in the College Savings Plans of Maryland is an important decision. Please read all enrollment materials carefully.
The Bond Portfolio was renamed the Bond and Income Portfolio in November 2002.
Price and performance information is updated each evening following the close of the NYSE. Updated information is provided only for business days that NYSE is open for trading.
State of Maryland, Administrator and Issuer, College Savings Plans of Maryland
T. Rowe Price Investment Services, Inc., Underwriter/Distributor of Maryland College Investment Plan.