CERTIFICATION OF ADOPTION OF RESOLUTIONS

THE UNDERSIGNED HEREBY CERTIFIES individually and on behalf 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 Portfolio

Vanguard International Growth Portfolio

Vanguard Gemini II Fund

Vanguard Explorer Fund

Vanguard Morgan Growth Fund

Vanguard Wellesley Income Fund

Vanguard Fixed Income Securities Funds, a series fund consisting of:

GNMA Portfolio

High Yield Corporate Portfolio

Intermediate Term U.S. Treasury Portfolio

Intermediate Term Corporate Portfolio

Long Term U.S. Treasury Portfolio

Long Term Corporate Portfolio

Short Term Corporate Portfolio

Short Term Federal Portfolio

Short Term U.S. Treasury Portfolio

Vanguard Money Market Reserves, a series fund consisting of:

Prime Portfolio

Federal Portfolio

U.S. Treasury Portfolio

Vanguard Municipal Bond Funds, a series fund consisting of:

Money Market Portfolio

Short-Term Portfolio

Intermediate Term Portfolio

Long-Term Portfolio

High Yield Portfolio

Insured Long-Term Portfolio

Limited Term Portfolio

Vanguard Preferred Stock Fund

Vanguard STAR Fund

Vanguard Index Trust, a series fund consisting of:

Extended Market Portfolio

Growth Portfolio

500 Portfolio

Total Stock Market Portfolio

Value Portfolio

Small Capitalization Stock Portfolio

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

U.S. Portfolio

International Portfolio

Vanguard Specialized Portfolios, a series fund consisting of:

Energy Portfolio

Gold & Precious Metals Portfolio

Health Care Portfolio

Utilities Income Portfolio

Vanguard PRIMECAP Fund

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

Money Market Portfolio

Insured Long-Term Portfolio

Insured Intermediate Term Portfolio

Vanguard New York Insured Tax-Free Fund

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

Money Market Portfolio

Insured Long Term Portfolio

Vanguard Convertible Securities Fund

Vanguard Quantitative Portfolios

Vanguard Bond Index Fund, a series fund consisting of:

Total Bond Market Portfolio

Short-Term Bond Portfolio

Intermediate Term Bond Portfolio

Long-Term Bond Portfolio

Vanguard Equity Income Fund

Vanguard Balanced Index Fund

Vanguard Florida Tax Free Fund

Vanguard Admiral Funds, a series fund consisting of:

Admiral Intermediate Term U.S. Treasury Portfolio

Admiral Long-Term U.S. Treasury Portfolio

Admiral Short-Term U.S. Treasury Portfolio

Admiral U.S. Treasury Money Market Portfolio

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

Money Market Portfolio

Insured Long Term Portfolio

Vanguard Institutional Portfolio, a series fund consisting of

Institutional Money Market Portfolio

Vanguard Asset Allocation Fund

Vanguard Ohio Tax-Free Fund, a series fund consisting of

Money Market Portfolio

Insured Long-Term Portfolio

Vanguard Variable Insurance Fund, a series fund consisting of

Money Market Portfolio

High Grade Bond Portfolio

Equity Index Portfolio

Small Company Portfolio

Equity Income Portfolio

Balanced Portfolio

International Portfolio

Vanguard Institutional Index Fund

Vanguard International Equity Index Fund, a series fund consisting of

Emerging Markets Portfolio

European Portfolio

Pacific Portfolio

Vanguard Tax-Managed Fund, a series fund consisting of

Growth and Income Portfolio

Capital Appreciation Portfolio

Balanced Portfolio

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 June 17, 1994, and that such resolutions have not been amended or rescinded and are now in full force and effect:

RESOLVED, That the action taken by the Fund's officers in entering into a $10 million blanket brokers (fidelity) bond insurance policy with ICI Mutual Insurance Company covering the Vanguard Funds, The Vanguard Group, Inc., and other Vanguard companies as named insureds, under the terms presented to this meeting, be, and it is hereby approved and ratified; and that the proper officers of the Fund are hereby authorized and directed to do all acts and things necessary to carry such fidelity insurance coverage into effect;

FURTHER 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 $130 million covering employees of the Vanguard Funds, The Vanguard Group, Inc., and its subsidiary 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-1 (g) of the Investment Company Act of 1940; and

FURTHER RESOLVED, That the Agreement dated as of June 1, 1994, required by Rule 17g-1 of the lnvestment 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