Australian Shares quarterly update

As at 30 September 2008

Account	Last 3 months^	Last 12 months^	Last 3 years (per annum)^	Last 5 years (per annum)^	Last 7 years (per annum)^
Accumulation	-5.86%	-20.31%	5.51%	N/A	N/A
Allocated Pension	-6.10%	-20.79%	6.07%	N/A	N/A

Australian shareholdings

Top twenty Australian shares by value*

#	Stock
1	BHP Billiton Limited
2	Commonwealth Bank of Australia Limited
3	Telstra Corporation Limited
4	National Australia Bank Limited
5	Westpac Banking Corporation
6	ANZ Banking Group Limited
7	Woolworths Limited
8	Westfield Group
9	Rio Tinto Limited
10	QBE Insurance Group Limited
11	Woodside Petroleum Limited
12	CSL Limited
13	Wesfarmers Limited
14	St George Bank Limited
15	Origin Energy Limited
16	AMP Limited
17	Newcrest Mining Limited
18	Santos Limited
19	Brambles Limited
20	Fosters Group Limited

Performance since inception^

Growth of $10,000 (Accumulation account)

Performance chart

View current chart - Accumulation | Allocated Pension

Australian Shares profile

The Australian Shares option invests in Australian equities listed in its benchmark index, the S&P/ASX 200.

The portfolio is passively managed by specialist external fund managers.

More information

September 2008 market update - read QIC's commentary on market performance during the last quarter.
Option composition, fee & risk profile - find out more about the Australian Shares option.

NOTE:

^Past performance is not a reliable indicator of future performance. Returns may vary considerably over time.

*The QSuper MIC options are managed collectively within a pooled trust and as such these shareholdings are notional only.

These crediting rates are only applicable for members who have not made any transactions (withdrawals, deposits, or change of investment options) in the reporting period specified.