Kevin K. Pfeffer

Kevin K.
Pfeffer was appointed as a member of our board of directors on January 23, 2003.
Mr. Pfeffer receiveda B.A.
in Economics in 1982, and an MBA in Finance and Marketing in 1984, both from the University of Chicago.
From1985 through 1995, Mr. Pfeffer worked for Fannie Mae in Washington, D.C., as the Director of Public Finance,negotiating, structuring and closing structured financings involving income-producing real estate.
Mr. Pfeffer closedapproximately $4 billion in financing transactions.
From 1995 through 1998, Mr. Pfeffer was a Senior Vice President atthe merchant banking affiliate of Zurich Insurance and Credit Suisse First Boston, located in New York, New York.
Mr.Pfeffer was responsible for the merchant bank's reinsurance syndications involving mortgage and derivative securities.Mr. Pfeffer retired in 1998 to manage his own investments as a private investor in real estate and public companyequities.