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Peter S. Drotch has served as a director since October 2003. Mr. Drotch joined Price Waterhouse an accounting firm in 1964. From 1975 to 2000 Mr. Drotch was a partner at PricewaterhouseCoopers from which he retired in 2000. Mr. Drotch held a number of positions at PricewaterhouseCoopers most recently leading the firm�s services to the investment management industry in the Americas and serving as a member of the global leadership team for this industry services group which provides services to investment advisors banks insurance companies broker dealers industrial corporations and governmental units with respect to their investment management operations. Mr. Drotch�s volunteer activities include past President and Chairman of the National Investment Companies Services Association which provides educational networking and programming for the operations sector of the mutual fund industry and Chairman of the University of Connecticut Foundation. Mr. Drotch received a B.S. degree in accounting from the University of Connecticut. | 