Dear Investor,

About 18 months ago, I started writing a blog for CA employees. It was a modest experiment to see how employees would respond to an opportunity to hear directly from me about our company, my interactions with customers, and the process of transformation under way at CA.

Employees tell me that this is one of the company's most effective communication vehicles. Many post comments or questions or email me directly. As a result, I have found that the blog helps me understand CA and its people every bit as much as it helps employees understand my thinking and vision for the company.

As a company, we'd like to take a similar approach to communicating with our investors. We're determined to move from a one-way communications model of press releases and static annual reports, to a dynamic, continuous exchange with all of our shareholders. We will roll out this approach over time, but as a first step, we've developed this year's annual report as an online experience. Called CA Today, it's a fresh, informative, interactive journal — and one that will be updated quarterly. I hope you'll find it fresh and informative — and that you'll check back in as we update it quarterly.

JOHN A. SWAINSON
President and CEO, CA, Inc.