BOARD OF DIRECTORS

PHILIP J. PURCELL
Chairman & Chief Executive Officer

ROBERT G. SCOTT
President & Chief Operating Officer

ROBERT P. BAUMAN
Former Chief Executive Officer
SmithKline Beecham plc

EDWARD A. BRENNAN
Former Chairman & Chief Executive Officer
Sears, Roebuck and Co.

JOHN E. JACOB
Executive Vice President &
Chief Communications Officer
Anheuser-Busch Companies, Inc.

C. ROBERT KIDDER
Chairman & Chief Executive Officer
Borden, Inc.

CHARLES F. KNIGHT
Chairman
Emerson Electric Co.

JOHN W. MADIGAN
Chairman, President &
Chief Executive Officer
Tribune Company

MILES L. MARSH
Former Chairman & Chief Executive Officer
Fort James Corporation

MICHAEL A. MILES
Special Limited Partner
Forstmann Little & Co.

LAURA D'ANDREA TYSON
Dean, London Business School


MANAGEMENT COMMITTEE

PHILIP J. PURCELL
Chairman & Chief Executive Officer

ROBERT G. SCOTT
President & Chief Operating Officer

TAREK F. ABDEL-MEGUID
Investment Banking Division

STEPHEN S. CRAWFORD
Chief Financial Officer

ZOE CRUZ
Fixed Income Division

JOHN P. HAVENS
Institutional Equities Division

ROGER C. HOCHSCHILD
Chief Strategic & Administrative Officer

DONALD G. KEMPF, JR.
Chief Legal Officer & Secretary

MITCHELL M. MERIN
Investment Management

DAVID W. NELMS
Discover Financial Services

STEPHAN F. NEWHOUSE
Institutional Securities

VIKRAM S. PANDIT
Institutional Securities

JOSEPH R. PERELLA
Institutional Securities

JOHN H. SCHAEFER
Individual Investor Group


OTHER OFFICERS

ALEXANDER C. FRANK
Treasurer

JOANNE PACE
Controller & Principal Accounting Officer