The Education Plan is a 529 college savings program that allows families to save for future qualified higher education expenses on a tax-advantaged basis. All 529 plans, by federal law, must have a state sponsor. The Education Plan is sponsored by the State of New Mexico and distributed by OppenheimerFunds Distributor, Inc. OppenheimerFunds, Inc. is the Program Manager of The Education Plan.The Education Plan® is operated as a qualified tuition program offered by The Education Trust Board of New Mexico and is available to all U.S. residents.

OppenheimerFunds, Inc is the program manager for The Education Plan and OppenheimerFunds Distributor, Inc. is the distributor of The Education Plan. Some states offer favorable tax treatment to their residents only if they invest in the state's own plan. Non-residents of New Mexico should consider whether their state offers its residents a 529 plan with alternative tax advantages and should consult their tax advisor. The tax bill exempting earnings on qualified withdrawals from federal income taxes expires December 31, 2010, requiring Congress to take further action to extend those provisions beyond that date. Although money contributed to The Education Plan will be invested in portfolios that invest in underlying mutual funds from OppenheimerFunds, Fidelity, Baron and MainStay. The Education Plan is not a mutual fund. The state of New Mexico has created a trust specifically for the purpose of offering 529 college savings plans, including The Education Plan. An investment in The Education Plan is an investment in municipal fund securities that are issued and offered by the trust.