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<SEC-DOCUMENT>0000926236-08-000037.txt : 20080630
<SEC-HEADER>0000926236-08-000037.hdr.sgml : 20080630
<ACCEPTANCE-DATETIME>20080630113235
ACCESSION NUMBER:		0000926236-08-000037
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071231
FILED AS OF DATE:		20080630
DATE AS OF CHANGE:		20080630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HENRY JACK & ASSOCIATES INC
		CENTRAL INDEX KEY:			0000779152
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				431128385
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14112
		FILM NUMBER:		08924515

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 807
		STREET 2:		663 HWY 60
		CITY:			MONETT
		STATE:			MO
		ZIP:			65708-0807
		BUSINESS PHONE:		4172356652

	MAIL ADDRESS:	
		STREET 1:		PO BOX 807
		STREET 2:		663 HWY 60
		CITY:			MONETT
		STATE:			MO
		ZIP:			65708-0807
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>jha11k123107.htm
<DESCRIPTION>FORM 11-K FOR DECEMBER 31, 2007
<TEXT>
<HTML>
<HEAD>
<TITLE>JKHY FORM 11-K 12-31-2007 </TITLE>
</HEAD>
<BODY>

<B><FONT SIZE=5><P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
</B></FONT><FONT SIZE=5>Washington, D.C. 20549</P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">FORM 11-K</P>
</B></FONT><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">FOR ANNUAL REPORTS OF EMPOLOYEE STOCK<BR>
REPURCHASE SAVINGS AND SIMILAR PLANS<BR>
PURSUANT TO SECTION 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</P></B>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER"></P>
</B><P>(Mark One) </P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=4 WIDTH=680>
<TR><TD WIDTH="3%" VALIGN="MIDDLE">
<B><FONT FACE="Arial" SIZE=2><P>&nbsp;X</B></FONT></TD>
<TD WIDTH="97%" VALIGN="MIDDLE">
<B><FONT FACE="Arial" SIZE=2><P>ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B> </FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=2>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">
<U>For the fiscal year ended December 31, 2007</U></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=2>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">or</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="MIDDLE">
<FONT SIZE=4><P>[&nbsp;&nbsp;]</FONT></TD>
<TD WIDTH="97%" VALIGN="MIDDLE">
<B><FONT FACE="Arial" SIZE=2><P>TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B> </FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE" COLSPAN=2>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">For the transition period from _______________________________ to ______________________</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Arial" SIZE=2></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=4 WIDTH=640>
<TR><TD VALIGN="MIDDLE">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">
<U>Commission file number 0-14112</U></FONT></TD>
</TR>
<TR><TD VALIGN="MIDDLE">&nbsp;</TD>
</TR>
</TABLE>

<FONT FACE="Arial" SIZE=2><P>A. Full title of the plan and the address of the plan, if different from that of the issuer named below:</P>
<B><P ALIGN="CENTER">Jack Henry &amp; Associates, Inc. 401(k) Retirement Savings Plan</P>
</B><P>B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: </P>
<B><P ALIGN="CENTER">Jack Henry &amp; Associates, Inc.<BR>
</B>663 Highway 60<BR>
P.O. Box 807<BR>
 Monett, Missouri 65708</P>
</FONT><P>&nbsp;</P>
<HR>
<B><FONT FACE="Arial" SIZE=2><P>REQUIRED INFORMATION</P>
</B><P>The following financial statements and schedules have been prepared in accordance with the financial reporting requirements of the Employee Retirement Income Security Act of 1974, as amended: </P>

<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">1.</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>
Statement of Net Assets Available for Plan Benefits at December 31, 2007 and 2006.</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="94%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">2.</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>
Statement of Changes in Net Assets Available for Plan Benefits for the Year Ended December 31, 2007.</FONT></TD>
</TR>
</TABLE>
<B><P>EXHIBIT</P>
</B>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>
Consent of Independent Registered Public Accounting Firm
</FONT></TD>
</TR>
</TABLE>

<B><P>SIGNATURE</P>
</B><P>Pursuant to the requirements of the Securities<BR>
Exchange Act of 1934, the trustees (or other<BR>
persons who administer the employee benefit<BR>
plan) have duly caused this annual report to <BR>
be signed on its behalf by the undersigned <BR>
hereunto duly authorized. </P>
<B><P>JACK HENRY &amp; ASSOCIATES, INC.</P>
</B><P>401(K) RETIREMENT SAVINGS PLAN</P>
<I><U><P>By:  /s/ Kevin D. Williams</P>
</I></U><P>Kevin D. Williams, Chief Financial Officer</P>
<I><P>Date:  June 30, 2008</P>
</I>
</FONT>
<HR>

<B><I><FONT SIZE=6><P>Jack Henry &amp; Associates, Inc.<BR>
 401(k) Retirement Savings Plan </P>
</B></FONT><FONT FACE="Arial"><P>Financial Statements as of December&nbsp;31, 2007 and<BR>
2006 and for the Year Ended December&nbsp;31, 2007, <BR>
Supplemental Schedule as of December&nbsp;31, 2007, <BR>
and Report of Independent Registered Public<BR>
Accounting Firm</P>
</I></FONT>
<HR>
<B><FONT FACE="Arial" SIZE=4><P>JACK HENRY &amp; ASSOCIATES, INC.<BR>
401(k) RETIREMENT SAVINGS PLAN</P>
</FONT><FONT FACE="Arial" SIZE=3><P>TABLE OF CONTENTS
<hr width="100%" color=black noshade size="1">
</P></B></FONT>

<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="9%" VALIGN="TOP">
<B><FONT FACE="Arial" SIZE=3><P ALIGN="CENTER">Page</B></FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">1</FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>FINANCIAL STATEMENTS:</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements of Net Assets Available for Benefits as of December&nbsp;31, 2007 and 2006</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">2</FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement of Changes in Net Assets Available for Benefits for the Year Ended </FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;31, 2007</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">3</FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes to Financial Statements</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4-9</FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>SUPPLEMENTAL SCHEDULE - </FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">10</FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 5500, Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year)</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">11</FONT></TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOTE:</FONT></TD>
<TD WIDTH="77%" VALIGN="TOP">
<FONT SIZE=2><P>All other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="91%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P>&nbsp;</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
<HR>
<B><FONT FACE="Arial" SIZE=3><P>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>
</B></FONT><FONT SIZE=3><P>To the Board of Trustees <BR>
Jack Henry &amp; Associates, Inc.<BR>
401(k) Retirement Savings Plan</P>
<P>We have audited the accompanying statements of net assets available for benefits of Jack Henry &amp; Associates, Inc. 401(k) Retirement Savings Plan (the &quot;Plan&quot;) as of December&nbsp;31, 2007 and 2006 and the related statement of changes in net assets available for benefits for the year ended December&nbsp;31, 2007. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.</P>
<P>We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentatio
n. We believe that our audits provide a reasonable basis for our opinion.</P>
<P>In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of Jack Henry &amp; Associates, Inc. 401(k) Retirement Savings Plan as of December&nbsp;31, 2007 and 2006, and the changes in its net assets available for benefits for the year ended December&nbsp;31, 2007, in conformity with accounting principles generally accepted in the United States of America.</P>
<P>Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the basic 2007 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.</P>
</FONT><P></P>
<P>/s/ DELOITTE &amp; TOUCHE LLP</P>
<P>St. Louis, Missouri<BR>
June 23, 2008</P>
<P></P>
<HR>
<B><FONT FACE="Arial" SIZE=4><P>&nbsp;</P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=18>
<B><FONT FACE="Arial" SIZE=4><P>JACK HENRY &amp; ASSOCIATES, INC.</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=18>
<B><FONT FACE="Arial" SIZE=4><P>401(k) RETIREMENT SAVINGS PLAN</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" COLSPAN=3 HEIGHT=17>
<B><FONT FACE="Arial"><P>STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=17>
<B><FONT FACE="Arial"><P>AS OF DECEMBER 31, 2007 AND 2006</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="100%" VALIGN="TOP" COLSPAN=5 HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">2006</B></FONT></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>ASSETS:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Investments</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">160,873,164</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">137,851,325</FONT></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Contributions receivable</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">105,181</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">103,752</FONT></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets available for benefits at fair value</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">160,978,345</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">137,955,077</FONT></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>ADJUSTMENTS FROM FAIR VALUE TO CONTRACT </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;VALUE FOR FULLY BENEFIT-RESPONSIVE </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>&nbsp;&nbsp;INVESTMENT CONTRACTS</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">(19,614)</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">148,422</FONT></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>NET ASSETS AVAILABLE FOR BENEFITS</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">160,958,731</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">138,103,499</FONT></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>See notes to financial statements.</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="68%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
</TABLE>

<FONT SIZE=3>
<P>&nbsp;</P>
<HR>
<P>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Arial" SIZE=4><P>JACK HENRY &amp; ASSOCIATES, INC. </B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=18>
<B><FONT FACE="Arial" SIZE=4><P>401(k) RETIREMENT SAVINGS PLAN</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3 HEIGHT=17>
<B><FONT FACE="Arial"><P>STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=17>
<B><FONT FACE="Arial"><P>FOR THE YEAR ENDED DECEMBER 31, 2007</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>ADDITIONS:</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Employer contributions</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">7,455,296</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Participant contributions</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">13,667,305</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Rollover accounts for new Plan participants</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">1,270,933</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Net appreciation in fair value of investments</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">2,462,667</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Interest and dividends</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">7,733,339</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=21>
<FONT SIZE=3><P>&nbsp;&nbsp;Loan interest</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=21>
<FONT SIZE=3><P ALIGN="RIGHT">59,176</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total additions</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">32,648,716</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>DEDUCTIONS:</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Administrative expenses</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">4,741</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>&nbsp;&nbsp;Distributions to participants</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">9,788,743</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deductions</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">9,793,484</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>INCREASE IN NET ASSETS</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">22,855,232</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>NET ASSETS AVAILABLE FOR BENEFITS - Beginning of year</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">138,103,499</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>NET ASSETS AVAILABLE FOR BENEFITS - End of year</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">160,958,731</FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>See notes to financial statements.</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
</TABLE>
<hr>
<FONT SIZE=3>
</FONT><B><FONT FACE="Arial" SIZE=4><P>&nbsp;</P>
<P>JACK HENRY &amp; ASSOCIATES, INC.<BR>
401(k) RETIREMENT SAVINGS PLAN</P>
</FONT><FONT FACE="Arial" SIZE=3><P>NOTES TO FINANCIAL STATEMENTS<br>
AS OF DECEMBER&nbsp;31, 2007 AND 2006 AND FOR THE YEAR ENDED DECEMBER&nbsp;31, 2007
<hr width="100%" color=black noshade size="1">
</P>
</FONT><FONT SIZE=3><P>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DESCRIPTION OF PLAN </P>
<DIR>
</B><P>The following description of the Jack Henry &amp; Associates, Inc. 401(k) Retirement Savings Plan (the &quot;Plan&quot;) provides only general information. Participants should refer to the Summary Plan Description for a more complete description of the Plan's provisions.</P>
<B><P>General</B> - The Plan is a defined contribution 401(k) plan covering employees of Jack Henry &amp; Associates, Inc. (the &quot;Company&quot;) who have attained the age of 18. To be eligible to receive the Company match and discretionary contribution, employees must complete six months of service. The Company is the Plan Administrator and has appointed a trustee to hold and invest Plan assets. Diversified Investment Advisors is the Plan Recordkeeper and State Street Bank and Trust is the Plan trustee. The Plan is subject to the Employee Retirement Income Security Act of 1974 (ERISA), as amended.</P>
<B><P>Contributions<I> - </B></I>Participants may contribute up to the maximum contribution allowable under section 401(k) of the Internal Revenue Code (IRC). The Company matches 100% of participant contributions up to a maximum of the lesser of 5% of the participant's annual compensation or $5,000. The total amount which a participant could elect to contribute to the Plan on a pre-tax basis in 2007 could not exceed $15,500. If a participant reached age 50 by December&nbsp;31, 2007, they were able to contribute an additional $5,000 &quot;catch up&quot; contribution to the Plan on a pre-tax basis.</P>
<P>In addition, the Company may make a special discretionary contribution. The amount of the discretionary contribution is determined by the Company. Participants must have 1,000 hours of service during the year to share in any discretionary contributions. There were no discretionary contributions in 2007 or 2006.</P>
<B><P>Participant Accounts<I> </B></I>- Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contribution, the Company's matching contribution, allocations of Company discretionary contributions and Plan earnings, and charged with withdrawals and an allocation of Plan losses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.</P>
<B><P>Investments</B> - Participants direct the investment of their contributions and employer contributions into various investment options offered by the Plan. The Plan currently offers Jack Henry &amp; Associates, Inc. common stock, a money market fund, eighteen mutual funds, and a guaranteed separate account fund (Diversified Investment Advisors - Managed Stability - Stable 5 Fund) as investment options for participants.</P>
<B><P>Vesting<I> - </B></I>Participants are vested immediately in their voluntary contributions, the employer's matching contribution and the earnings on these contributions. Vesting in the employer's discretionary portion of their accounts is based on years of continuous service with an employee vesting 20% after two years of service and subsequently vesting 20% each year until becoming fully vested with six years of continuous service.</P>
<B><P>Participant Loans<I> - </B></I>Participants may borrow for qualifying reasons as defined in the Plan, from their fund accounts a minimum amount of $1,000 up to a maximum of, the lesser of $50,000 less the amount of highest outstanding loan balance in the previous 12 months or 50% of their vested account balances. Loan terms range from one to five years, unless the loan is to be used to purchase the participant's principal residence, in which case the term may extend beyond five years. The loans are secured by the balance in the participant's account and bear interest at a rate as defined by the Plan (ranging from 4.25% to 11.32% as of December&nbsp;31, 2007). Principal and interest are paid through payroll deductions. Participants may elect to maintain their loan subsequent to their termination.</P>
<B><P>Payment of Benefits<I> - </B></I>Upon termination of service due to death, disability, or retirement, a participant/beneficiary may elect to receive a lump-sum amount equal to the value of his or her account as soon as administratively feasible following the date on which a distribution is requested or is otherwise payable. An employee may also elect to receive the value of his or her account in installment payments or have the balance rolled over into an Individual Retirement Account.</P>
<B><P>Benefits Payable<I> - </B></I>Benefits are recorded when paid. As of December&nbsp;31, 2007 and 2006, distributions payable to Plan participants were zero.</P>
<B><P>Forfeited Accounts<I> - </B></I>At December&nbsp;31, 2007 and 2006, forfeited nonvested accounts totaled $27,333<U> </U>and $51,025, respectively. These accounts will be used first as restoration of participant's forfeitures, then as offset to Plan expenses, then as a reduction to future discretionary contributions. </P>
</DIR>
<B><P>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIGNIFICANT ACCOUNTING POLICIES</P>
<DIR>
<P>Basis of Accounting<I> - </B></I>The financial statements of the Plan are prepared on the accrual basis.</P>
<B><P>Use of Estimates<I> - </B></I>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of net &#9;assets available for benefits and changes therein. Actual results could differ from those estimates. </P>
<B><P>Risk and Uncertainties<I> </B></I>- The Plan utilizes various investment instruments. Investment securities, in general, are exposed to various risk, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.</P>
<B><P>Investment Valuation and Income Recognition<I> - </B></I>Investments are stated at fair value, which is determined using public market quotations if available. Insurance contracts are valued at contract value. Participant purchases pass through a &quot;stock pending fund&quot; prior to the actual purchase date. Participant loans are reported at cost, which approximates fair value.</P>
<P>Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.</P>
<B><P>Basis of Allocation<I> - </B></I>Investment income and gains or losses on investments are allocated to the participants based on the participant's account balance. Discretionary contributions, if any, are allocated based on the plan document. Unless directed otherwise by participants, employer matching and discretionary contributions will be allocated in the same manner as employee contributions.</P>
<B><P>New Accounting Pronouncements - </B>In September 2006, the FASB issued SFAS No. 157, <I>Fair Value Measurements</I> ("SFAS 157"). SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and requires enhanced disclosures about fair value measurements. SFAS 157 is effective for the Plan beginning January&nbsp;1, 2008. The Plan's management is currently evaluating the impact of this pronouncement to the financial statements.</P>
<P>The financial statements reflect the adoption of Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and SOP 94-4-1, <I>Reporting of Fully Benefit-Responsive Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans </I>(the FSP). As required by the FSP, the statements of net assets available for benefits presents investment contracts at fair value as well as an additional line item showing an adjustment of fully benefit contracts from fair value to contract value. The statement of changes in net assets available for benefit is presented on a contract value basis and was not affected by the adoption of the FSP. The adoption of the FSP did not impact the amount of net assets available for benefits at December&nbsp;31, 2007 and 2006.</P>
</DIR>
<B><P>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INVESTMENTS</P>
<DIR>
</B><P>The Plan's deposits are maintained in money market accounts until the deposits are allocated to the participant-directed funds based on the participant's percentage allocation election. The participant can elect direction of investments upon entering the Plan and may change the direction of investment options on a daily basis. </P>
<P>The components of the Plan's individual investments which represent 5% or more of the Plan's net assets available for benefits at December&nbsp;31, 2007 and 2006, were as follows:</P>
</DIR>
</FONT>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">2007</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">2006</B></FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P>Common stock - Jack Henry &amp; Associates, Inc.</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">31,100,839</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">27,714,995</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P>American Funds - Growth Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">20,171,940</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P>Davis NY Venture A</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">15,062,802</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>Diversified Investment Advisors - Managed Stability -  </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>&nbsp;&nbsp;Stable 5 Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">12,986,607</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">12,393,942</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>Diversified Investment Advisors - Value and Income Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">10,049,090</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">10,274,244</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>Diversified Investment Advisors - International Equity</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">8,430,540</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">7,055,661</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Mid Cap Value</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">8,330,078</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">7,464,564</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Equity Growth Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">14,540,623</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Growth and Income Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">14,214,350</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
</TABLE>
</P>
<FONT SIZE=3>
<DIR>
<P>During 2007, the Plan's investments (including gains and losses on investments bought, sold, as well as held during the year) appreciated (depreciated), as follows:</P>
</FONT>
</DIR>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Equity Growth Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">238,160</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>Diversified Investment Advisors - Growth and Income Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">222,949</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P>Diversified Investment Advisors - Special Equity Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">(743,129)</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P>Diversified Investment Advisors - Value and Income Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">(871,135)</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P>Diversified Investment Advisors - International Equity Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=3><P ALIGN="RIGHT">(268,867)</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>Diversified Investment Advisors - Long Horizon Strategic Allocation Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">78,570</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>Diversified Investment Advisors - Intermediate/Long Horizon Strategic </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P>  Allocation Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=14>
<FONT SIZE=3><P ALIGN="RIGHT">58,245</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Midcap Value Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">(655,707)</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Stock Index Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">165,961</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Intermediate Horizon Strategic Allocation </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>  Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">29,448</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Short/Intermediate Horizon Strategic </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>  Allocation Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">16,899</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Short Horizon Strategic Allocation Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">8,521</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Core Bond Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">98,878</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Money Market Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">2,064</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diversified Investment Advisors - Inflation-Protection Security Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">9,739</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>American Funds - Growth Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">90,227</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>American Funds - Europac Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">154,755</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Baron Funds - Baron Asset Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">64,750</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diamond Hill - Small Cap Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">(124,921)</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Hotchkis &amp; Wiley - Large Cap Value Fund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">(491,730)</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Davis NY Venture A</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">256,802</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Pimco Total Return</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">28,398</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>Common stock - Jack Henry &amp; Associates, Inc.</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">4,093,790</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">2,462,667</FONT></TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
</TR>
<TR><TD WIDTH="84%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
</TABLE>
</P>
<FONT SIZE=3>
<B><P>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INVESTMENT CONTRACT WITH INSURANCE COMPANY</P>
<DIR>
</B><P>The Plan has a fully benefit-responsive investment contract (Diversified Investment Advisors - Managed Stability - Stable 5 Fund) with Transamerica Financial Life Insurance Company (&quot;Transamerica Financial Life&quot;). Transamerica Financial Life maintains the contributions in a pooled separate account, which is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The contract is included in the financial statements at fair value and then adjusted to contract value as reported to the Plan by Transamerica Financial Life. Contract value represents contributions made under the contract, plus interest credits, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value. Without an employer event, Transamerica Financial Life may not terminate the contract at any amount less than contract value.</P>
<P>Transamerica Financial Life is contractually obligated to pay the principal and specified interest rate that is guaranteed to the Plan. The crediting interest rate is based on a formula agreed upon with the issuer, but may not be less than 0%. Such interest rates are reviewed on a quarterly basis for resetting. The crediting rate of the contract will track current market yields on a trailing basis.</P>
</DIR>
</FONT>
<P ALIGN="CENTER"><CENTER>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD WIDTH="74%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">2007</B></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">2006</B></FONT></TD>
</TR>
<TR><TD WIDTH="74%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="74%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Average yields:</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="74%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Based on annualized earnings (1)</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">6.58 %</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">5.12 %</FONT></TD>
</TR>
<TR><TD WIDTH="74%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Based on interest rate credited to participants (2)</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">4.75&nbsp;&nbsp;&nbsp;  </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">4.50&nbsp;&nbsp;&nbsp;  </FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT SIZE=3></FONT>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD WIDTH="8%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">(1)</FONT></TD>
<TD WIDTH="92%" VALIGN="TOP">
<FONT SIZE=3><P>Computed by dividing the annualized one-day actual earnings of the contract on the last day of the plan year by the fair value of the investments on the same date.</FONT></TD>
</TR>
<TR><TD WIDTH="8%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">(2)</FONT></TD>
<TD WIDTH="92%" VALIGN="TOP">
<FONT SIZE=3><P>Computed by dividing the annualized one-day earnings credited to participants on the last day of the plan year by the fair value of the investments on the same date.</FONT></TD>
</TR>
</TABLE>
</P>
<DIR>

<FONT SIZE=3><P>Any event within the control of the Plan or the Company which have an adverse effect on the Stable&nbsp;5 fund such as mergers, consolidations, spin offs, sale of assets, layoffs, bankruptcy, full or partial Plan termination and early retirement incentive programs are considered employer-initiated events. If an employer-initiated event occurs, then distributions will be at the market value as it relates to this contract. The Company does not consider such events as probable.</P>
</DIR>
<B><P>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXEMPT PARTIES-IN-INTEREST TRANSACTIONS</P>
</B>
<DIR>
<P>Certain Plan investments are shares of mutual funds and an investment contract managed by Diversified Investment Advisors.  Diversified Investment Advisors is the Plan's recordkeeper; therefore, these transactions qualify as exempt party-in-interest transactions.  In addition, the Plan invests in shares of Jack Henry &amp; Associates, Inc. common stock.  Jack Henry &amp; Associates, Inc. is the Plan Sponsor, as defined by the Plan; therefore, these transactions qualify as party-in-interest transactions.</P>
<P>During 2007, the Plan received approximately $326,754 in dividends from the Company. In addition, the Company pays certain fees on behalf of the Plan for accounting services.</P>
</DIR>
<B><P>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500</P>
</B>
<DIR>
<P>The following is a reconciliation of net assets available for benefits from the accompanying financial statements to Form 5500: </P>
</DIR>
</FONT>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<B><FONT FACE="Calibri" SIZE=3><P ALIGN="CENTER">2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<B><FONT FACE="Calibri" SIZE=3><P ALIGN="CENTER">2006</B></FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>Net assets available for benefits per accompanying financial statements</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">160,958,731</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">138,103,499</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>Adjustment from fair value to contract value for</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>&nbsp;&nbsp;fully benefit-responsive investment contracts</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">19,614</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">(148,422)</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=12><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=12><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=12><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>Net assets available for benefits per Form 5500</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">160,978,345</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">137,955,077</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=12><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=12><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>Increase net assets per accompanying financial statements</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">22,855,232</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">28,718,761</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>Adjustment from fair value to contract value for</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>&nbsp;&nbsp;fully benefit-responsive investment contracts</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">168,036</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">(148,422)</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=12><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=12><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=12><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P>Increase in net assets per Form 5500</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">23,023,268</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
<FONT FACE="Calibri" SIZE=3><P ALIGN="RIGHT">28,570,339</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=12><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=12><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
</TR>
</TABLE>
</P>
<FONT SIZE=3>

<B><P>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PLAN TERMINATION</P>
</B>
<DIR>
<P>Although it has not expressed an intention to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan, subject to the provisions of ERISA. In the event of plan termination, employees become 100% vested in any non-vested portion of their accounts.</P>
</DIR>
<B><P>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FEDERAL INCOME TAX STATUS</P>
</B>
<DIR>
<P>Effective July&nbsp;1, 2002, the Plan adopted the Diversified Investment Advisors, Inc. 401(k) profit sharing prototype plan document. Diversified Investment Advisors, Inc.'s plan document received a favorable Internal Revenue Service opinion letter on July&nbsp;29, 2004. The plan administrator believes that the Plan, as adopted, is designed and is being operated in compliance with applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan's financial statements.</P>
</DIR>
<P ALIGN="CENTER">******</P>
<HR>
</FONT><B><FONT FACE="Arial" SIZE=4><P ALIGN="CENTER">SUPPLEMENTAL SCHEDULE</P></B></FONT>
<P>&nbsp;</P>
<HR>
<P>&nbsp;</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Arial" SIZE=4><P>JACK HENRY &amp; ASSOCIATES, INC. </B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Arial" SIZE=4><P>401(k) RETIREMENT SAVINGS PLAN</B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=17>
<B><FONT FACE="Arial"><P>FORM 5500, SCHEDULE H, PART IV, LINE 4i - </B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=17>
<B><FONT FACE="Arial"><P>SCHEDULE OF ASSETS (HELD AT END OF YEAR)</B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=17>
<B><FONT FACE="Arial"><P>AS OF DECEMBER 31, 2007</B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P>Description of Investment</B></FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">Cost**</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<B><FONT FACE="Arial"><P ALIGN="CENTER">Fair&nbsp;Value</B></FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>*TFLIC General Insurance Account</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">49,214</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>American Funds - Europac Fund (119,674 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">6,002,826</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>American Funds - Growth Fund (597,510 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">20,171,940</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Baron Funds - Baron Asset Fund (37,416 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">2,386,019</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Davis NY Venture A (376,476 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">15,062,802</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Diamond Funds - Small Cap A Fund (56,065 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">1,263,153</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Core Bond Fund (479,469 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">5,058,396</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>Hotchkis &amp; Wiley - Large Cap Value Fund (109,189 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">2,223,094</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - International Equity Fund </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;(842,212 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">8,430,540</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Intermediate Horizon Strategic </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Allocation Fund (317,750 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">3,241,053</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Intermediate/Long Horizon </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Strategic Allocation Fund (521,396 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">5,198,316</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Long Horizon Strategic Allocation </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Fund (796,731 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">7,640,653</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Mid Cap Value Fund (552,392 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">8,330,078</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Money Market Fund (366,858 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">3,692,906</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Short Horizon Strategic Allocation </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Fund (139,667 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">1,445,553</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Short/Intermediate Strategic </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>&nbsp;&nbsp;Allocation Fund (116,595 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">1,151,956</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Special Equity Fund (529,356 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">5,161,216</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Stock Index Fund (593,989 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">5,815,151</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Diversified Investment Advisors - Value and Income Fund (828,449 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">10,049,090</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>Pimco Total Return (326,709 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">3,528,459</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mutual fund total</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">115,853,201</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>*Diversified Investment Advisors - Managed Stability - Stable 5 Fund</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">12,986,607</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Common Stock - Jack Henry &amp; Associates, Inc. (1,262,793 shares)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P ALIGN="RIGHT">31,100,839</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*Notes receivable from participants (interest rate ranging from 4.25% to </FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>&nbsp;&nbsp;11.32%; maturity dates ranging from 2007 to 2020)</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">883,303</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P>
<hr width="100%" color=black noshade size="1">
</TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P>TOTAL</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=3><P ALIGN="RIGHT">160,873,164</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-TOP: black 1pt solid"></DIV>
<DIV style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid"></DIV>
</TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15>
<FONT SIZE=3><P>*&nbsp;&nbsp;&nbsp;&nbsp;Represents a party-in-interest to the Plan</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT SIZE=3><P>**&nbsp;&nbsp;&nbsp;Cost information is not required for participant-directed investments and therefore is not included</FONT></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="71%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18><P></P></TD>
</TR>
</TABLE>
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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>exh23.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
<TEXT>

<HTML>
<HEAD>
<TITLE>Consent</TITLE>
</HEAD>
<BODY>
<HR>

<FONT SIZE=2>
</FONT><FONT FACE="Arial" SIZE=2><P>&nbsp;</P>
<B><P>Exhibit 23</P>
<P>&nbsp;</P>
</FONT><P>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>
</B><P>We consent to the incorporation by reference in the Post-Effective Amendment No. 1 to Registration Statement No. 333-63912 on Form S-8 of our report dated June 23, 2008, relating to the financial statements and financial statement schedule of Jack Henry &amp; Associates, Inc. 401(k) Retirement Savings Plan appearing in this Annual Report on Form 11-K of Jack Henry &amp; Associates, Inc. for the year ended December 31, 2007.</P>

<P>/s/ DELOITTE &amp; TOUCHE LLP</P>
<P>St. Louis, Missouri<B><BR>
</B>June 27, 2008</P>
<FONT FACE="Arial" SIZE=2></FONT>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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