CERTIFICATION OF ADOPTION OF RESOLUTIONS

THE UNDERSIGNED HEREBY CERTIFIES individually and on behaIf of the following Delaware statutory trusts (the "Vanguard Funds"):

Vanguard Wellington Fund

Vanguard Windsor Funds, a series fund consisting of:

Vanguard Windsor Fund

Vanguard Windsor II Fund

Vanguard World Fund, a series fund consisting of:

Vanguard U.S. Growth Fund

Vanguard lnternational Growth Fund

Vanguard Explorer Fund

Vanguard Morgan Growth Fund

Vanguard Wellesley Income Fund

Vanguard Fixed Income Securities Funds a series fund consisting of:

Vanguard GNMA Fund

Vanguard High Yield Corporate Fund

Vanguard Intermediate Term U.S. Treasury Fund

Vanguard Intermediate Term Corporate Fund

Vanguard Long Term U.S. Treasury Fund

Vanguard Long Term Corporate Fund

Vanguard Short Term Corporate Fund

Vanguard Short Term Federal Fund

Vanguard Short Term U.S. Treasury Fund

Vanguard Money Market Reserves, a series fund consisting of:

Vanguard Prime Money Market Fund

Vanguard Federal Money Market Fund

Vanguard Municipal Bond Funds, a series fund consisting of:

Vanguard Money Market Fund

Vanguard Short-Term Fund

Vanguard Intermediate Term Fund

Vanguard Long-Term Fund

Vanguard High Yield Fund

Vanguard Insured Long-Term Fund

Vanguard Limited Term Fund

Vanguard Preferred Stock Fund

Vanguard STAR Fund, a series consisting of:

Vanguard STAR Fund

Vanguard Life Strategy Income Fund

Vanguard Life Strategy Conservative Growth Fund

Vanguard Life Strategy Moderate Growth Fund

Vanguard Life Strategy Growth Fund

Vanguard Total International Stock Index

Vanguard Index Funds, a series fund consisting of:

Vanguard Extended Market lndex Fund

Vanguard Growth lndex Fund

Vanguard 500 Index Fund

Vanguard Total Stock Market lndex Fund

Vanguard Value lndex Fund

Vanguard Small-Cap lndex Fund

Vanguard Small-Cap Value lndex Fund

Vanguard Small-Cap Growth Index Fund

Vanguard Calvert Social Index Fund

Vanguard Trustees' Equity Fund, a series fund consisting of:

Vanguard International Value Fund

Vanguard Specialized Portfolios, a series fund consisting of:

Energy Fund

Gold & Precious Metals Fund

Health Care Fund

Utilities Income Fund

REIT Index Fund

Vanguard PRIMECAP Fund, Inc.

Vanguard California Tax-Free Funds, a series fund consisting of:

Vanguard California Tax-Exempt Money Market Fund

Vanguard California Insured Long Term Fund

Vanguard California Insured Intermediate Term Fund

Vanguard New York Tax-Free Funds

Vanguard New York Insured Long Term Tax-Exempt Fund

Vanguard New York Tax-Exempt Money Market Fund

Vanguard Pennsylvania Tax-Free Funds, a series fund consisting of:

Vanguard Pennsylvania Tax-Exempt Money Market Fund

Vanguard Pennsylvania Insured Long Term Tax Exempt Fund

'Vanguard Convertible Securities Fund

Vanguard Quantitative Funds, a series fund consisting of:

Vanguard Growth and Income Fund

Vanguard Bond Index Funds, a series fund consisting of:

Vanguard Total Bond Market Index Fund

Vanguard Short-Term Bond Index Fund

Vanguard Intermediate Term Bond Index Fund

Vanguard Long-Term Bond Index Fund

Vanguard Fenway Funds

Vanguard Balanced Index Funds

Vanguard Florida Tax-Free Funds

Vanguard Admiral Funds, Inc., a series fund consisting of:

Admiral Intermediate Term U.S. Treasury Fund

Admiral Long-Term U.S. Treasury Fund

Admiral Short-Term U.S. Treasury Fund

Admiral U.S. Treasury Money Market Fund

Vanguard New Jersey Tax-Free Funds, a series fund consisting of:

Vanguard New Jersey Tax-Exempt Money Market Fund

Vanguard New Jersey Insured Long Term Tax-Exempt Fund

Vanguard Malvern Funds

Vanguard Ohio Tax-Free Funds, a series fund consisting of:

Vanguard Ohio Tax-Exempt Money Market Fund

Vanguard Ohio Insured Long Term Tax-Exempt Fund

Vanguard Variable Insurance Funds, a series find consisting of:

Money Market Portfolio

High Grade Bond Portfolio

Equity Index Portfolio

Equity Income Portfolio

Balanced Portfolio

International Portfolio

Growth Portfolio

High Yield Bond Portfolio

Small Company Growth Portfolio

Diversified Value Portfolio

Mid-Cap Index Portfolio

REIT Index Portfolio

Short-Term Corporate Portfolio

Vanguard Institutional Index Fund

Vanguard International Equity Index Funds, Inc., a series fund consisting of:

Vanguard Emerging Markets Stock Index Fund

Vanguard Pacific Stock Index Fund

Vanguard Tax-Managed Funds, a series fund consisting of:

Vanguard Tax-Managed Growth and Income Fund

Vanguard Tax-Managed Capital Appreciation Fund

Vanguard Tax-Managed Balanced Fund

Vanguard Horizon Fund, a series consisting of:

Vanguard Aggressive Growth Fund

Vanguard Capital Opportunity Fund

Vanguard Global Asset Allocation Fund

Vanguard Global Equity Fund

Vanguard Whitehall Funds, a series consisting of:

Vanguard Selected Value Fund

Vanguard Treasury Fund, a series consisting of:

Vanguard Treasury Money Market Fund

Vanguard Calvert Social Index Fund

Vanguard Massachusetts Tax-Exempt Fund

that I am the duly elected and qualified Assistant Secretary of the Vanguard Funds, and that set forth below is a true and correct copy of resolutions duly adopted by a majority of the Trustees who are not interested persons of the Vanguard Funds at meetings of the Board of Trustees of each of the Vanguard Funds duly held on September 14 and 15, 2000, and that such resolutions have not been amended or rescinded and are now in full force and effect:

RESOLVED, That having given due consideration to the value of the aggregate assets of the Vanguard Funds and the other named insureds to which any coverage person has access, the terms of the custody arrangements and the nature of the securities held by the Vanguard Funds and the other named insureds, it is herby determined that the blanket brokers' (fidelity) bond in the amount of $400 million covering employees of the Vanguard Funds, The Vanguard Group, Inc., and other Vanguard companies, is reasonable in amount, and that the same be approved by each of the Vanguard Funds as its fidelity bond required by Rule 17g-1 of the Investment Company Act of 1940;

FURTHER RESOLVED, That the method of allocating the premium expense of said fidelity bond among the named insureds, as presented to this meeting, be, and it is hereby approved; and that the proper officers of the Vanguard Funds are hereby authorized to make all premium payments in accordance with such method of allocation;

FURTHER RESOLVED, That the proper officers of the Vanguard Funds are hereby authorized to execute the necessary documents and to do such other acts in connection with the foregoing as they deem appropriate; and that Raymond J. Klapinsky, Secretary of each of the Vanguard Funds, is hereby authorized to give such notice to the Securities and Exchange Commission relating to the fidelity bond as may be required by Rule 17g-l(g) of the Investment Company Act of 1940; and

FURTHER RESOLVED, that the Agreement dated as of August 1, 2000, required by Rule 17g- 1 of the Investment Company Act of 1940 and outlining the procedures to be followed by all parties named as joint insureds under the fidelity bond in allocating recoveries of claims made under such bond, in the form presented to this meeting, be, and it is hereby approved.

IN WITNESS WHEREOF, I have executed this Certification as of this 29^th day of May 2007.

/s/ Arthur S. Gabinet

Arthur S. Gabinet

Assistant Secretary