Bush landed at Los Angeles International Airport shortly before 5 p.m. He was scheduled to attend a fund-raiser at the Holmby Hills home of venture capitalist Elliott Broidy.

Broidy is the CEO of Broidy Capital Management, a private investment firm, and one of the state's biggest Republican donors. He serves on the boards of the Republican Jewish Coalition, USC Board of Directors of the Associates, USC Marshall School of Business' Center for Investment Studies, USC Hillel Foundation and Hebrew Union College.

In January, Broidy was appointed to serve on the Department of Homeland Security's Homeland Security Advisory Council.

As he made his way into Holmby Hills, Bush's motorcade was expected to pass a group of sign-toting protesters who gathered near Sunset Boulevard and Hilgard Avenue.

When he landed at LAX, Bush presented the President's Volunteer Service Award to Matt Cook.

Cook, 17, is the founder of the Mile-Long Yellow Ribbon Project, which was created with the goal of building support for the military among youngsters.

Cook has traveled to 25 states to collect 10,000 signatures on a mile-long yellow ribbon that will be sent to the troops serving in Iraq.

The Chadwick School senior is also the founder of the Matthew Cook and Friends Dolphin Research Fund to support research at Hubbs-Sea World Research Institute in San Diego.

In his January 2002 State of the Union speech, Bush urged Americans to participate in volunteer activities, and created the USA Freedom Corps to expand volunteer opportunities.

The President's Volunteer Service Award is available to youths 14 and under who have completed 50 hours of volunteer service; individuals 15 and older who have completed 100 hours of services; and groups that have completed 200 hours or more of volunteer work.

More than 65.4 million Americans volunteered in 2005, according to the Bureau of Labor Statistics.

Bush is scheduled to depart from LAX at about 8 p.m.

Republican Gov. Arnold Schwarzenegger was also in Los Angeles today, but he did not plan to meet with the president.

"Well, President Bush is coming out here not to help California but to do fund-raising in California," Schwarzenegger told reporters at a Sherman Oaks news conference. "So there's no reason for me to meet with him.

"I think the most important thing is to govern and pay attention to what's going on in California," he said.

Schwarzenegger's opponent in the November gubernatorial election, state Treasurer Phil Angelides, has run a series of ads linking the incumbent governor to Bush.

Asked whether he thought being tied to Bush could harm his re-election bid, Schwarzenegger responded, "No, absolutely not."