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<p align="center"><font face="Georgia, Times New Roman, Times, serif" size="2"><br>
<font size="4" color="#996600"><b>CLIFFORD ASSOCIATES PROFESSIONALS</b></font></font></p>
<p> <font face="Georgia, Times New Roman, Times, serif" size="2"><br>
<font color="#996600"><b>MAYE ALBANEZ, CFA</b></font>, has 18 years of
investment experience with Clifford Associates. As a portfolio manager,
she specializes in family accounts and charitable trusts. Maye is a member
of the Los Angeles Society of Financial Analysts and the Association for
Investment Management and Research (AIMR). She received her BS from California
State Polytechnic University, Pomona, in 1983.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2" color="#996600"><b>S.
DAVID ANDREW</b></font><font face="Georgia, Times New Roman, Times, serif" size="2">
joined Clifford Associates in 1997, after 10 years with the investment
counseling firm of Leland A. Parker & Associates, Inc., where he served
as President and a portfolio manager. David's prior experience includes
15 years with major California banks as a Vice President and department
manager in real estate lending. He is a member of the Los Angeles Society
of Financial Analysts and the Association for Investment Management and
Research (AIMR). David received his BS from the University of Southern
California in 1970 with a major in finance. He continued his education
at UCLA, completing a program in real estate.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2"><b><font color="#996600">PETER
J. BOYLE, CFA</font></b>, has 13 years of investment experience. Peter
is a portfolio manager with an extensive background in tax and estate
planning, and is an important contributor to the firm's research effort.
Before joining Clifford Associates in 1992, he served as a Senior Trust
Officer with Security Pacific National Bank. Peter is a member of the
Los Angeles Society of Financial Analysts and the Association for Investment
Management and Research (AIMR). He received his BA from the University
of California at Berkeley in 1987.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2" color="#996600"><b>JAMES
R. BROWN</b></font><font face="Georgia, Times New Roman, Times, serif" size="2">
joined Clifford Associates in 1999 as Chief Administrative and Chief Financial,
bringing 25 years of administrative and accounting experience to the firm.
Prior to joining Clifford Associates, Jim was Controller for Pilgrim Place
in Claremont, a not-for-profit retirement community. Before serving at
Pilgrim Place, he was Vice President and Trust Officer of Terre Haute
First National Bank. Jim previously worked with accounting firm Ernst
& Ernst, where he served a wide variety of clients including not-for-profit
organizations, financial institutions, retail businesses and investment
companies. Jim received his BS in business, with high distinction, from
Indiana University in 1975.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2" color="#996600"><b>KENNETH
H. DIKE, ESQ, CPA</b></font><font face="Georgia, Times New Roman, Times, serif" size="2">,
joined Clifford Associates in 1997 after serving as Treasurer and Chief
Financial Officer of a major Colorado non-profit institution for over
14 years, and providing consulting services to various non-profit institutions.
Ken oversees the administration of planned giving assets for clients and
brings to the firm legal, accounting and tax expertise on a wide range
of issues including those affecting charitable remainder trusts and non-profit
organizations. He received his BBA from the University of Notre Dame in
1978. Ken received his MBA in 1986 and Juris Doctor degree in 1996, both
from the University of Denver.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2" color="#996600"><b>JAMES
B. FOX, III</b></font><font face="Georgia, Times New Roman, Times, serif" size="2">
offers 32 years of administration and investment experience to Clifford
Associates. Jim joined the firm as its President in 1986. He was previously
President of First Interstate Bancorp's investment advisory subsidiary
and President of two mutual funds including Pacific American Income Shares,
a closed-end bond fund listed on the NYSE. He was earlier with Lionel
D. Edie & Co. in Los Angeles and New York as Executive Vice President
and Director. Jim has served on numerous eleemosynary boards and represents
the firm's membership in the Investment Counsel Association of America.
He received his BA from the University of Colorado in 1960.<br>
</font><font face="Georgia, Times New Roman, Times, serif" size="2"><br>
<b><font color="#996600">TERRELL H. PRICE</font></b> brings 28 years of
investment experience to the firm. Terry joined Clifford Associates in
1996 and specializes in managing family accounts and charitable trusts.
Prior to joining the firm, he spent 12 years with Security Pacific National
Bank and Bank of America, where he managed the bank's largest core-equity
fund and served on domestic and international strategy committees. His
investment experience began in 1973, when he joined Smith Barney &
Co. He subsequently managed a large profit-sharing portfolio for a NYSE
company before serving as investment manager for a family with wealth
approaching $1 billion. Terry received his BA in 1971 and MBA in 1973,
both from Brigham Young University.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2"><b><font color="#996600">RALPH
E. WEIL, CFA</font></b>, provides leadership to the investment research
process and is also a portfolio manager, with 34 years of experience.
Prior to combining his firm with Clifford Associates in 1996, Ralph was
President of Sabl Weil Investment Counsel for 16 years. His prior experience
includes a variety of investment and portfolio management positions at
major west coast banks. He is a member of the Los Angeles Society of Financial
Analysts and the Association for Investment Management and Research (AIMR).
Ralph received his BBA from Cleveland State University in 1970 and his
MBA from Case Western Reserve University in 1971.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2" color="#996600"><b>BRUCE
C. WHITE</b></font><font face="Georgia, Times New Roman, Times, serif" size="2">
joined Clifford Associates in 1995, and brings 16 years of investment
experience to the Clifford team. He works with individuals and institutions
as a portfolio manager. Before joining Clifford Associates, he was a registered
representative with Crowell, Weedon & Company. Bruce is a member of
the Los Angeles Society of Financial Analysts and the Association for
Investment Management and Research (AIMR). He graduated with honors from
California State Polytechnic University, Pomona, receiving his BS in 1979.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif" size="2"><b><font color="#996600">RANDALL
L. ZAHARIA, CFA</font></b>, joined Clifford Associates in 2000, bringing
19 years of experience to the firm. Randy's areas of expertise include
fixed-income evaluation and equity research, as well as portfolio management.
Before joining the Clifford Associates, he was a senior portfolio manager
for First American Capital Management, where he managed over $300 million
in assets, as well as providing substantial research support to the company.
Prior to First American, Randy was a portfolio manager and investment
analyst for the Los Angeles County MTA Treasurer's office where he managed
fixed-income portfolios and provided analytical support to the authority's
retirement plans. Randy has also worked for the City of Santa Monica's
Treasurer's office as a senior administrative analyst; for Western Asset
Management Company as a portfolio manager; and for Carnation Company as
a cash manager. Randy received his Masters of Public Administration (MPA)
degree from California State University, Long Beach in 1995, and his Bachelors
of Science degree in Business Administration (finance and economics) from
the University of Arizona in 1981. He is a Chartered Financial Analyst,
a member of the Los Angeles Society of Financial Analysts, and the Association
for Investment Management and Research (AIMR).</font></p>
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