PURDUE UNIVERSITY SPRING 1999 f

Building Better ^ Krannert 'Products'

\m\ 1997-98 ANNUAL REPOR I Krannert Update, Spring 1999 published by Krannert School of Management, Purdue University Purdue University, West Lafayette, Indiana

This digital edition was produced by the Digital Initiatives group of the Purdue Libraries Archives and Special Collections Department The original text was scanned at 400 ppi, 24 bit color and stored as uncompressed TIFF images

Digital Initiatives Purdue University Libraries Archives and Special Collections http://e-archives.lib.purdue.edu July 2007 from the dean

Dear Krannert Alumni and Friends,

I'm delighted to repoil that in addition to fulfilling our mission of — K P A N NI-: P i i r- \ • preparing graduates who will be tomorrow's business leaders; i^ADUATt SCHC • supporting faculty who produce innovative research results and OF ^^^ practical applications; MANAGEMEN ' M • developing partnerships with industry for networking and .J^^Hs^Bb^ knowledge exchange; and • creating opportunities for lifelong leaming and professional II • development — we're in the planning stages to build a new management ^^^^^^^^R: ~-;^3r'wm,M If *• facility and renovate our current structure. P f Competition for students, employers of our graduates, and top faculty members has never been greater among the top 25 business schools. With the help of key alumni and friends, we've assessed our School's current and future needs in terms of facilities and technology as well as Krannert's potential for a successful capital campaign. As we hone our strategic edge, creating a high-tech, crossfunctional, team-oriented 21st century leaming environment has become a first priority for Krannert and Purdue. Yet we also are focused beyond bricks and mortar We see a crucial opportunity to raise the bar for our fine students and faculty by offering increased scholarships, graduate awards, and faculty support. Those of us who know the value of a Purdue and Krannert education have a real incentive to give back in order to help future generations of students and faculty, and thus ensure Krannert's impact on woridwide business and our society. As evidenced by your past support of and gifts to Krannert, we are convinced we have the ability to raise the funds that will position Krannert as the school at which "business and technology meet" for the next 25 years. Richard E. Dauch, BSIM '64, and his family already have kicked off our efforts with a spectacular $5 million pledge to Krannert. Watch this space in future issues oi Portfolio for more news about our strategic plans. We hope to hear your ideas about Krannert's future. We ask for your continued support of our annual operations as well as an investment in our building plans to make such goals a reality.

Sincerely,

Dennis J. Weidenaar Dean K1 R A

.wtiouTHE ALUMNI MAGAZINE OF THE PURDUE UNIVERSIToY KRANNERT GRADUATE SCHOOL OF MANAGEMENT AND SCHOOL OF MANAGEMENT SPRING 1999 VOLUME 6 ISSUE 1

Building Better Krannert 'Products' ON THE COVER Krannert's "products" are our people. From left: Prof. Arnold C. Cooper, Louis A. Well, Jr, Professor in Management; Jennifer L. Brown, BSM '97; Prof. Chariene Sullivan (standing) with '98 master's graduates Zhen Wang, Sanjay Reddy, and Russell Flugel; Richard E. Dauch, BSIM '64; and page 5 Indranil Bose, PhD '97. ^CHO^

2 W. Wayne Booker: Distinguished Executive Lecture

4 Scliool News

6 1997-98 Annual Report

8 Krannert Associates

9 Individual Investors

19 Intra-Firm Companies

20 Matching Gift Companies and Donors

29 Faculty/Staff News

page 32 31 Prof. Susan Watts: Whispers Heard 'Round the World

32 Student News

34 Alumni Agenda

38 Venu Srinivasan: Truly World-Class Quality

39 Development News

41 Joanne Widiger: The Stock Picker's Gradu"a^ Award page 31 42 Class Notes The U.S. Economy in the 21st Century: Are You Ready for It? by Emily Hunteman

A s one who was bom in the first half of the j\ 20th century, the year 2000 seemed like a /~% long way away But for you, who were X JL bom in the latter half of the 20th cen­ tury, the 21st century is very much the present. Meanwhile, China will likely be the largest The next century is the one in which you will world economy, with a GDP of $17.1 trillion — make your mark. But what kind of future will you $3.6 trillion larger than the U.S. economy The per face, and are you ready for it? capita income of the Chinese, however, will be only 2020 Forecast: $12,000 — three and a half times less than the Worldwide Economic Growth per capita income of the U.S. Currently, the per capita income for North America Furthermore, many experts are predicting that is $24,000 ($30,000 for the U.S. alone). By the year the euro may become a major intemational cur­ 2020, per capita income for North Americans in rency, threatening the supremacy of the U.S. dollar today's dollars is expected to rise to $36,000 as a first-choice currency. W.Wayne Booker, BS (IND ($43,000 for the U.S.). So imagine a world where the U.S. ranks sec­ North America will grow at a moderate rate ond to China in economic size, with the euro a ECON) '36, vice chairman of during the next 25 years. Whereas the total GDP is favored currency. In this kind of world, how can Ford Motor Company, gave now $9.4 trillion, it will nearly double to $17.3 you make your mark? trillion by the year 2020 — again, in 1998 dollars. the Krannert Distinguished Strategies for Success As for Europe, the average per capita income Here are five quick ideas, gleaned from my years of Executive Lecture in August for the 19 major market nations (mostly, those conducting intemational business for Ford Motor within the European Union) is $19,000. By the 1998 to the entering class of Company: year 2020, per capita income for the 26-member 1) Become Global, Not Local Krannert master's students. EU is expected to be $31,000. When I started my career, the horizon of the Likewise, the total GDP of the 19 European Thefolloiving story summa­ automobile industry began in East Detroit and nations is currently $8.4 trillion. By the year 2020, stretched all the way... to Dearborn. Competition rizes his speech. the GDP of the 26-member EU will rise to $14.9 from Europe was minuscule — the original VW trillion. Beetle — while competition from Asia was virtu­ In Asia, Japan continues to become richer per ally non-existent. Today, however, an automotive capita, but grows somewhat slowly in population. enterprise will not succeed unless it acts like a The total Japanese GDP will grow from $3.1 tril­ global entity, with operations in other nations and lion currently to $4.4 trillion in 2020. run by people from diverse backgrounds. Globalism is more than geography. It encom­ passes an understanding that most major busi­ nesses are entwined. Competition transcends national borders; but so, too, do opportunities.

Kranneri t'ortfolio 2 Wmter 1998-99 '1 define the American enterprise model as one characterized by vision, discipline, W. Wayne perseverance, and, BOOlCOir above all, the entrepreneurial 'can-do' spirit,''

4) Hire the Best Talent Possible characterized by vision, discipline, perseverance, The better the people, the better the organiza­ and, above all, the entrepreneurial "can-do" spirit. tion. The truism of today's business is that we are Anyone of any nationality can be an entrepre­ only as good as our people. neur. They simply need the financial and regula­ Once you orient yourself to globalism, you can In many industries, innovation can be tory systems such as ours to support their business. develop strategies that meet local needs as they matched with shorter and shorter time frames. This is not true elsewhere, and it is why we have so complement global objectives. This strategy is part Continuous innovation, along with products and many people from different nations coming here of the "reasoned and flexible" approach Ford is services, needs to be continually refreshed with to pursue their dreams. using to grow its business in the emerging markets new ideas. Those ideas come from people — good Ideally, the businesses immigrants create here of Central Europe and Asia. people! will not remain exclusively within our borders, but 2) Learn to Embrace Change 5) Value the American expand outward to reunite these immigrants with If there is one constant in our society, it is Enterprise Model their home countries. change. And today, change happens in seconds. From my observation, the United States is truly While none of us is certain what the next cen­ Regis McKenna's book on the topic. Real Time, the best culture for business in the world. I do not tury will bring, we can prepare ourselves by recog­ defines the term as a period "when time and dis­ mean to sound jingoistic, nor do I mean to ex­ nizing globalism, embracing change, continually tance vanish and action and response become clude other nationalities. educating ourselves, hiring the best talent, and simultaneous." I define the American enterprise model as one valuing the American enterprise model. As business people, we must embrace change. Business history shows that companies that antici­ FORD MOTOR COMPANY PROFILE pate change — such as Coca-Cola, Dell, Established 1903 Microsoft, and Ford, if I may say so — are those Sales and revenues (in millions) $153,627 that benefit from it. Meanwhile, companies that Total return to shareholders 57 percent fear change — such as certain airlines, banks, Number of employees 225,900 (Ford Automotive Operations); 15,900 (Ford and food companies — fail for lack of foresight. Credit); 78,000 (Visteon Automotive Systems); 21,500 (Hertz); and 22,600 3) Continually Educate Yourself (The Associates). Learning does not stop when the classes are Principal products Ford Automotive Operations is the v\/orld's largest over. We live in an era of lifelong leaming, where manufacturer of trucks and second-largest manufacturer of cars and trucks. people must take it upon themselves to gain the Ford operates in 38 countries and has 111 plants. The company's brands skills they need to be effective contributors. include Aston Martin, Ford, Jaguar, Lincoln, Mazda (33% ov\/nership), and In my experience, travel is a terrific educator Mercury. Ford Motor Company also operates Ford Credit, the v\/orld's largest Nothing compares to getting to know people and automotive financing company; Visteon Automotive Systems, the world's their culture first-hand. second-largest manufacturer of automotive systems and components; Hertz, And in our era of globalism, knowledge of the world's largest car, truck, and equipment rental and leasing company; and other cultures is a prerequisite to success. Bilin- The Associates, the largest publicly traded finance company and second- gualism is also a huge asset in our global largest independent finance company. economy.

Kranneri I'orlfotio 3 Winter t998-99 SCHOOL SCHOOL NEWS

around the world recognize Purdue Dean to as the premier resource for leadership in industrial management." Step Down A professor of economics, '1 want to cap Weidenaar joined the Krannert tives and corporations on the Dean's faculty in I966 and eamed his PhD my career with some Advisory Council. Weidenaar also has from the School in I969. He is clearly good years in the supported the creation and operation enthusiastic about heading back to of a successful development program the classroom: "I look forward to classroom." for Krannert fund-raising. returning to one of the best jobs in With Weidenaar at the helm, the world — that of a professor at Uean Dennis Weidenaar will leave technology in the classroom to Krannert's undergraduate, profes­ Purdue University," he says. his position June 30,1999, to retum enhance leaming." sional master's, and executive educa­ President Beering has formed a to teaching and research at the During his tenure as dean, tion programs consistently have committee to conduct a national Krannert School of Management. Weidenaar has been a key figure in ranked among the top 25 U.S. busi­ search for Weidenaar's successor Weidenaar has served as dean since the creation of the Center for Inter­ ness schools in annual surveys by the Thirteen faculty members, alumni, 1990. national Business Education and national media. and students serve on the committee, "I want to cap my career with Research (CIBER) as well as the President Steven C. Beering which is chaired by School of Agri­ some good years in the classroom," expansion of the Dauch Center for commends Weidenaar's leadership: culture Dean Victor Lechtenberg. Weidenaar says. "I am very enthusi­ the Management of Manufacturing "Dennis has carved out a special astic about the opportunities to use Enterprises (DCCME). Weidenaar's niche in business education," he decade of leadership has resulted in says. "Thanks to him, corporations an increase in the number of execu­ Dauch Family_ in Center's New Name

IVrannert is pleased to announce and encourage collaborations within "At American Axle the naming of the Dauch Center for the University and among & Manufacturing, we the Management of Manufacturing Purdue, other universities, r%-. know that competition Enterprises (DCMME) in honor of the ' <^ A, government, and industry. ; on a global scale will Richard E. Dauch family. Dauch currently is Q J require the best we Richard E. Dauch, BSIM '64, was chairman, CEO & have to offer The same a driving force in the creation of president of Ameri- C^ ^CN/1N4E j> prop shaft business is true for educating our future Krannert's CMME in 1988. He en­ can Axle & Manu­ from GM to form Ameri­ manufacturing leaders and encour­ couraged a $1 million gift from facturing, Inc. (AAM), a can Axle & Manufacturing, aging innovation in manufacturing Chrysler to help found the center $2.2 billion, top-40 auto­ >p>" Inc., headquartered in Detroit, and technology research. I believe For more than 10 years, the motive supplier to the world. Michigan. Dauch has added over that DCMME, as evidenced by its past center has facilitated efforts to: create A recognized manufacturing 1,000 jobs, invested in training and accomplishments and future plans, innovative manufacturing curricula; strategist and author oi Passion for product innovation, and is launching will play a crucial role in keeping provide scholarship programs and Manufacturing, Dauch has had an the technology infrastmcture of American manufacturing lean, attract talented students to manufac­ exemplary career in the automotive AAM's plants into the 21st century. flexible, smart, innovative, profitable, turing careers; promote faculty industry. He was recruited from Dauch also is launching manu­ and globally competitive," Dauch development in areas related to Volkswagen by I^e lacocca to jump- facturing education and research at says. manufacturing and technology; set start and modernize Chrysler's Krannert into the 21st century. manufacturing research agendas; manufacturing operations. Dauch, his wife, Sandy, and their In 1994 Dauch and other inves­ children have pledged $5 million to tors purchased the axle, forge, and the Krannert School.

Krannert t'ortfolio 4 Winter I99H-99 SCHOOL NEWS

Krannert Scores in Business Week Ranicings . TH^^ Student-Consultants Begin Krannert garnered several No. 1 Latin American rankings in Business IVeek's fall 1998 rankings of the best b-schools. Krannert was 24th overall. ML collaborative effort between three The Bolivian project is for Top measures for the School Krannert centers has resulted in two VASCAL, which was the main Coca- included: ^OHO^ Latin American consulting projects Cola bottler in the country and re­ No. 1 in job offers per student; during this spring semester. cently became independent. The No. 1 in placement office effectiveness; The objective is to provide ex­ company is interested in marketing i No. 1 in percent increase in pre-MBA to post-degree panded intemational experience — and operations advice concerning its starting salary; especially exposure to Latin Ameri­ fruit juices and sodas, and would like No. 7 in absolute increase in pre-MBA to post-degree can business, which is rare in other to explore the possibility of bottling starting salary; and top MBA programs. other beverages. Patricia Zolezzi f No. 10 in producing graduates with technology skills. The Technology Transfer Initia­ (MSIA '99) is the VASCAL consultant. In the same issue, Business Week featured the student tive (TTI) encouraged The Center for Topy Top, a large Peruvian textile team of Jevon Gordon, Sunwook Kong, Jatuphat Intemational Business Education facility and supplier to The Gap and Tangkaravakoon, Steven Tsang, and Shawn Vij in a story and Research (CIBER) and the Reebok, is looking for efficienq im­ about international student experiences at top business Dauch Center for the Management of provements in its manufacturing schools. The team illustrated the smooth transition process Manufacturing Enterprises (DCMME) operations. Students Toni Bosley for international students and the global experience to join TTI in sponsoring consulting (MSM '99) and Ricardo Garza-Paez provided for all by Krannert's cohort team system. opportunities in Bolivia and Peru. (MSM '00), both participants in the TTI research assistant Derek Fetzer manufacturing and technology op­ was instrumental in identifying the tion, will travel to the country for a companies and coordinating the week as part of their assignment. projects. WABCO Partnership

Westinghouse Air Brake Company Provides (WABCO) is exposing students in the 'Kaizen' Opportunity manufacturing and technology option to real-time manufacturing considered equal members of im­ WABCO, a process improvements through a new provement teams consisting of DCMME partner, course offered by Krannert's Dauch employees from various WABCO provided a gift to Center for the Management of Manu­ plants. To prepare for the Kaizen, create and adminis­ facturing Enterprises (DCMME). students are studying lean manufac­ ter the course as well The lean manufacturing course turing. With this background and the as host visiting will include a Kaizen continuous WABCO experience, they will imple­ students. William E. improvement event, hosted by ment a Kaizen project at Krannert. Kassling, chairman WABCO's Cardwell Westinghouse According to student Toni Bosley, and chief executive division in Chicago. The Kaizen who has participated in a WABCO officer of the com­ experience gives students the chance Kaizen, "This course allows students pany, is a BSIM '67 to analyze a manufacturing process, to apply the knowledge they've graduate of Krannert and serves on William E. Kassling, BSIM '67 develop process improvements, gained at Krannert to an actual the Dean's Advisory Council. In fall implement their ideas, and measure manufacturing facility under a 1998 he received a Krannert School results — in an intense four or five somewhat stressful environment. No of Management Distinguished Alum­ day period. The Krannert students are other course at Krannert gives stu­ nus award in recognition for his dents the application and implemen­ support of manufacturing education tation experience that this course and DCMME. offers," she says.

Krannert I'ortfolio 8 Winter 1998-99 Building Better Krannert

of the School Kenneth K., BSIIW '66, and Charlotte K. Stuff support students, such • our gifts each year to the as Kimberly A. Schneider, through their Krannert Fund help us en­ scholarship gifts. hance the School's products: • graduates who will be tomorrow's business leaders m faculty who produce innovative i%ey focus areas for continu­ I increasing merit- research results and practical ous improvements by the and need-based applications Krannert School during 1997- scholarships and m partnerships with industry for 98 included: graduate awards networking and knowledge • providing courses and programs I upgrading our Krannert's corporate associates provide annual support to tlie exchange to expand our students' techno­ computer technol­ School for a variety of programs. • opportunities for lifelong learn­ logical and analytical skills, ogy and other ing and professional develop­ global awareness, and educational re- ment crossfunctional experiences

Wi'it. h your help, we continu­ Ibtal Gifts to the Alumni Donors to the Krannert Ahnnni Gifts ously improve our products ... Krannert Annual Fund Krannert Annual Fund (dollars in thousands) 1997-98 (dollars in thousands; (number of donors) and thus the futures of our Annual Report Results graduates, our alumni, our 25 percent increase — partner corporations, the state $315,475 — in amount of of Indiana, and business total gifts! around the globe. Thank you Your participation in the for investing in Krannert in 1998-99 Krannert Fund will 1997-98. help us continue to improve on our success! The fund year ends June 30, 1999.

mS-M lMS-97 1M7-M IMS-M 199C.97 1997-M 1M5-96 m^tj 1997-H

The following highlights Illustrate the range and depth of achievements by Krannert's faculty, students, and alumni. Educational innovations • Faculty members con­ ducted courses using the • The portfolio managers of the Student Multidisciplinary Management Project Development Centre of Budapest Univer­ new Enterprise Integra­ Managed Investment Fund (SMIF), course. The intemational course was sity of Economic Sciences, Hungary; and tion Lab, which simulates initiated with a $100,000 gift from Rich­ conceived by Grossmann and Prof. Dan the Tilburg Institute for Advanced Studies a firm's entire data flow ard, MSIA '67, and Penelope Hansen, Schendel to give Krannert students in­ in Management of Tilburg University, the with R/3 enterprise re­ began stock investments in January 1998 creased intemational exposure. Netherlands. The School also joined with source planning software and reached $115,084 on June 30,1998. • Krannert announced the new interna­ the School of Agriculture to offer the first from SAP America, inc. • Sixteen students traveled tional Master's in Manage­ distance-delivered executive MBA in Krannert is one of only a to Germany to assess the ment executive program, a agribusiness in the U.S. Classes begin in handful of business market needs of steel com collaborative effort between August 1999. schools that offer such a panics recently acquired h\ Purdue; the Management resource to their students. The lab was Jurgen Grossmann, MSIA made possible by a $141,000 equipment '74, owner and CEO of Jiirgen Grossmann, IMSiA '74, grant from Hewlett-Packard Company has supported international Georgsmarienhutte GmbH, consulting projects for for the Intemational master's students for the past three year*.

9Krannert 1997-98 ANNUAL REPORT 1997-98 ANNUAL REPORT Products'

Faculty and Staff

Achievements • Prof. Chariene Sullivan, finance, graduate manufacturing management received the 1998 Salgo-Noren Outstand­ option. • Professors Alok Chaturvedi, MIS, and ing Teaching Award, which honors the top • Barbara G. Doster, director of manage­ Gordon Wright, Basil Sydney Tlimer teacher at the master's level. Prof. Doulas ment undergraduate programs, was Professor of Economics and Management, Bowman received the School of Manage­ honored as the 1998 National Academic received a $75,000 grant from SAP ment Outstanding Undergraduate Teach­ Advising Association Outstanding Advisor America, Inc., to develop a Web-based, 3-D ing Award for the fourth yean Prof. Jen She also received die 1998 Purdue Aca­ Prof. Arnold C. Cooper, Louis A. visualization technology for the presenta­ Tang, quantitative methods, received the demic Advising Association Outstanding Weil, Jr., Professor in Management tion of complex, abstract mathematical AlliedSignal Excellence in Teaching Award Advisor Award. • Prof. Amold C. Cooper, Louis A. Weil, models of vast economic data sets. for his work in developing, teaching, and Jr., Professor in Management, won the improving the core course in the under- Annual Undergraduate 1997 International Award for Entrepre­ Scholarship Awards (numOer of awardsl neurship and Small Business Research. Student Accomplishments This award recognizes a lifetime of Krannert contribution by Cooper in the fields of • The Management Volunteer Program • The School of Management Council awarded strategic management, entrepreneurship, received the national MBAs Make a began organizing the first Barbara G. $361,906 in and small business enterprises. Cooper Difference Day award for the third year Doster Leadership Forum, held February 1998-99 under­ graduate also was named an Academy of Manage­ in a row. This and other volunteer 1999- The forum's theme, '"himing Me scholarships, ment Fellow. projects were funded in part by the to We," brought together undergraduate a 23 percent Master's Student Leadership Development students and company representatives for increase due to Fund and the Undergraduate Student a weekend of professional development Increased annual fund gMng! Aivards Leadership Development fund. seminars and networking opportunities. and IIM-K 1»S«47 iaM4* Rankings • Krannert consistently ranked as a top 25 business school in the popular 1997-98 media. The Economist ranked the Krannert School 9th in career services, l6th in Distinguisiied Aiumni Awards the quality of students, 19th in support Awards Jolin L. Cari, BSIM '70 for women and minorities, and 25th for Honorary Doctorates in Management Executive Vice President and CFO program content among the top 115 Amoco Corporation Frederick R. Ford, MSIA '59 and PtiD '63 Cliariotte R. Otto, MSM 76 schools worldwide. Business Week Former Executive Vice President and Treasurer Senior Vice President featured Krannert in its list of the top Purdue University The Procter & Gamble Company 20 executive MBA programs among 6I Karl J. Krapeic, MSIA 72 Stuart Scliube, MSIA '64 Executive Vice President national business schools. The profes­ Partner and President United Technologies Corporation Acorn Ventures, Inc. sional master's programs ranked 24th President Howard B. Witt, MSIA '64 in U.S. News & World Report's Pratt & Whitney Chairman, President, and CEO ranking of "America's Best Graduate Littelfuse, Inc. Schools." Undergraduate programs John S. Day Distinguisiied Aiumni Academic were 13th nationally in the Distinguisiied Service Awards Service Award magazine's most recent ranking. James R. O'Dell R. Preston IMcAfee, PhD '80 • Krannert and Purdue's schools of Vice President, Technology Murray S. Johnson Professor of Ingersoll-Rand Company Engineering and Technology Economics James C. Shook received the 1997 LEAD (I^eadership University of Texas at Austin President and Excellence in the Application and The Shook Agency, Inc. Scliool of (Management Distinguisiied Development of Integrated Manufactur­ Executive ing) Award. Krannert's Dauch Center CIMME Distinguished Performance in for the Management of Manufacturing Ben R. IMiiier, BS (IND ECON) '59 President and CEO Manufacturing Award Enterprises (DCMME) is an integral Tri-County Telephone Company, Inc. Richard E. Dauch, BSIM '64 part of the University's Chairman, CEO & President, multidisciplinary manufacturing Dean Dennis Weidenaar and American Axle & Manufacturing, Inc. Richard E. Dauch, BSIM '64 (right) program.

7Krannert 1997-98 ANNUAL REPORT Krannert

Corporate and Foundation Giving Senior Associates H.H.Gregg Corporations and foundations gave made direct gifts of $5,000 to $9,999 Hodgdon Consulting Services J. Fritz Kreutzinger Inc. $1,361,935 in annual fund support and during the 1997-98 annual fund year Jane Brock-Wilson and Scott E. Wilson Air Products and Chemicals Inc. capital gifts to the Krannert School during Charitable Gift Fund AlliedSignal Foundation Inc. the 1997-98 annual fund year These gifts Jewish Community Foundation Clorox Company have allowed us to increase scholarships K&J Enterprises Inc. Crowe Chizek and Company Kay Filak Associates and graduate awards, enhance computer Diane and James Perella Family Kenneth A. Blech and Company LPA labs and educational simulations, develop Foundation Kirby Risk Corporation new courses, and provide faculty and Electronic Data Systems Corporation Kodiak Business Forms Inc. students with professional development Eli Lilly and Company Foundation Krieger-Ragsdale & Company Inc. Exxon Company U.S.A. opportunities. Lattis Inc. General Mills Inc. Leahy-Farris & Company Inc. Heller Financial Inc. Executive Associates Ixroy H. and Maria Y. Runk Fund Hewlett-Packard Company Maco Corporation made leadership gifts of $25,000 or more Intemational Business Machines Marc Associates Inc. during the 1997-98 annual fund year Corporation (IBM) Marketing Science Institute American United Life Foundation Inc. Leo Burnett Company Inc. McDaniel Family Trust (AUL) LG&E Energy Foundation McRand Intemational Ltd. Ameritech Foundation National Council on Economic Education National Auto Insurance Caterpillar Foundation Olson Family Fund Original Frozen Custard Inc. Eastman Kodak Charitable Trust and Phillips Petroleum Company Package Right Corporation Eastman Kodak Company R.R. Donnelley & Sons Company Panorama Intemational A.V.V. General Motors Foundation Inc. San Diego Gas & Electric Paragon Products Inc. Glenstone Foundation Society of Minority Managers Peoples Auto Parking Inc. Great Lakes Chemical Corporation Springer-Verlag Beriin Peter D. Edquist and Company Ingersoll-Rand Company TRW Foundation Pets Are Inn Inc. Intel Corporation Pyro/Bain Inc. Owens-Illinois Inc. Raymond R. Betz Interests United Technologies Corporation Associates RCS Associates made direct gifts of up to $4,999 during Robert A. Mullen Co. Dean's Associates the 1997-98 annual fund year Robert and Ellen Hostetler Charitable made direct gifts of $10,000 to $24,999 Allied Automation Inc. Gift Fund during the 1997-98 annual fund year Anchor Advanced Products Inc. R-T-1 Abbott Laboratories Fund Andreas Company Russell, Mclntyre, Hilligoss & Welke Alan and Mildred Peterson Charitable ASAP Identification Enterprises Rust-Oleum Corporation Foundation Avery Dennison Sampson-Gray Consultants Amoco Foundation Inc. Bank One, Lafayette, NA Schoolcraft Inc. GE Capital Fleet Services Beta Fund Sea-Land Service Inc. GE Fund Big Creek Development Company Southwest Quality Suppliers Inc. Georgsmarienhutte GmbH Borkowsky Family Foundation Stans Foundation GTE Foundation Bradford & Riley Inc. State Farm Companies Foundation Jewish Federation of Greater San Jose BTE Inc. Sutton Associates Pratt & Whitney, United Technologies Central Health Care Inc. Telecom Visions Inc. Corporation Chades and Diane Tritschler Fund Thermco Instrument Corporation Procter & Gamble Fund Clark, Martire & Bartolomeo Thomas L. and Jane L. Ricketts Fund U.S. Bank Coldwell Banker - Sycamore Realty Tom Whitney & Associates Inc. The USF&G Foundation Inc. Corporate Strategies Inc. Valley Implement Inc. Data Management Services Valley Pride David D. and Susan M. Hoecker Fund Verson Foundation Dayton Foundation Depository Viad Corporation Desktop Video Productions Viewfinder Dunn & Associates Vollmer Realty Inc. El Paso/Horizon Inc. W Wayne and Beverly E. Booker Fund EverBhan Inc. Wados Corporation Ltd. Floyd E. Bun'oughs and Associates Inc. William Ives Consulting Inc. Forbes Financial Group Inc. William T. Rice & Associates General Mills Foundation Wilson & Associates George S. Olive & Co. GTE Information Services Inc.

S Krannert 1997-98 ANNUAL REPORT Individual Investors

ndividuals support scholarships, Jack Moore and Bonnie Slavitt James and Lorene Ryan, BS (ME) Timothy L. Eller, BSIM '73 Stephen H. Nelson, BSIM '73 I technology, faculty development, Moore, PhD '68, FR '49, BS (CFS) '50 Edward and Mitzie Elliott, BS Frederic K. Nieman, MSIA '57 Burton D. Morgan, BSME '38, Jon D. Saunders, MSM '68 (ME) '36, FR JohnJ. Noval MSIR'79 and other high-priority areas HDR '92 Scott E. Schubert, MSIA '76 Melissa Emery, BSIM '71 William Novshek and Lynda through their annual fund gifts to Francis H. Olmstead, Jr., MSIA '62 Jerry and Rosemary Semler, BS J. Michael Ertel, MSIA '69 Thoman, FR, FR the Krannert School. On behalf of Bruce A. Olson, MSIA '72 (IND ECON) '58, BSS '59 Gary R. Fairhead, MSIA '78 Mary O'Mara, FR our students, faculty, alumni, Donald and Nancy Orr, MSIA '65, Thomas M. Tremain, BSIM '79 Stephen L. Farmer, BSIM '73 Howard J. Odin, FR FR Steven A. Webster, BSIM '73 Phillip and Susan Fauver, BSIM Andrew D. Ortstadt, BSIM 80 corporate partners, and staff, Thomas and Evelyn Page, HDR Dennis J. Weidenaar, PhD e69 '70, BAHU '70 Donald W.Paul, MSIA'82 thank you! '94, FR Brian W Winne, BSIM '73 F Joseph Feely in, MSL\'66 Laura R Peterson, BS (ACCT) '85 Individuals listed on the John and Elizabeth Rozwat, FR, Howard B. Witt, MSIA '64 Frederick and Marianne Fischer, Denis and Patrice Picard, MSM following pages made gifts during FR MSM '75, BSHE '76 '84, MSIR '84 Guglielmo G. Fittante, MSL\ '85 Charles D. Poncher, BSIM '63 the July 1,1997, through June 30, Allison R. Schleicher III, BS (ME) '66 Krannert Director's Circle William E. Flaig, BSM '91 Barbara J. Price, MSM '77 1998, annual fund year. Donors are James and Janice Shook, FR, FR members invested $1,000 to Gregory F Flemming, MSIA '64 Michael and Sabrina Rainey, listed alphabetically within giving Kenneth and Charlotte Stuff, $2,499 in the 1997-98Krannert DanielJ. Frate,MSM'85 MSM '80, BSM '81 clubs, along with their highest BSIM '66, FR Annual Fund. Robert and Susan Gadomski, Dennis C. Rankin, MSIA '60 Krannert or Purdue degrees and Stanley and Mary Ann Tebbe, JamesJ. Abel, BSIM'69 MSIA '70, BSHU '69 Cynthia M. Ransom, MSM '78 MSIA '68, BAHU '68 Kathleen G. Gatewood, BSIM '78 Lawrence J. Ring, PhD '77 graduation years. Donors who are Joseph M. Algozine, BSIM '77 Nelson E Gibbs, MSIA '62 James and Mary Jo Risk, FR, William and Betty Topercer, BSIM Raul E. Alvarado-Faarup, MSIA not Purdue graduates are '61, FR Janis V. Gillespie, BSIM '75 BAHU '63 '74 designated as "friends" (FR). We Walter 0. Wegner, MSM (ECON) RobertJ. Gillespie, MSIA'65 MarkA. Rojek,MSM'81 Larry A. Anacker, FR Charles E. Godfrey MSIA '65 William G. Roth, MSIA'61 apologize for any omissions or '51 James L. Apple, BSIM '68 Earl A. Goode, FR Barry L. Rupert, MSIA '78 errors and request that you bring Myron D.White, BSIM'90 R Jack and Marilyn Apple, MSIA Robert A. Greenberg, BSIM'81 Alberto Sanchez-Palazuelos, Joanne S. Widiger, BSHU '49 '65, FR them to our attention so that we James H.Ham HI, BSIM'72 MSIA '65 James Wilson and LC Crowley Barry R. Barkley BSIM '66 may correct our records. Ralph and Sarah Harnett, BSIM Alfred M.Sanders.Jr., MSIA'68 MSM '89, MSM '92 James and Ellen Barr, BSIM '66, '69, BALA '69 Peter R. Santori, BSE '73 FR James E. Hayes, BSIM '84 Thomas W. Sarowski, MSIA '64 telle B. Bauer, BSIM '75 Krannert Executive's Club Krannert Roundtable Julia M. Hipps, BSM '79 Greg W. Sasso, BSM'84 Steven and Jane Beering, FR, FR members made leadership members invested $2,500 to John E Hoffner BSIM '70 Richard A. Sayers II, MSIA'85 John H. Bentz, MSIA '72 investments of $5,000 or more in $4,999 in the 1997-98 Krannert Susan Hosking and James Paul Schlender,Jr., MSIA'60 Edwin A. Bescherer, Jr, BS Annual Fund. Maritan, MSHRM '94, MSM '94 Mark J. Schneider, MSIA '70 the 1997-98 Krannert Annual (ECON) '55 Steven H. Ainger, BSM '80 Robert and Ellen Hostetler, MSIA Linda E. Schwelnus. BSIM '76 Fund. Steve K. Betulius, BSIM '78 Thomas E. Arenberg, MSIA '75 '65, FR Patrick H. Scott, BSIM '79 Kenneth and Karen Bergren, Raymond R. Betz, MSIA '67 Steven Blackledge and Lynn John and Margo Irwin, MSIA '70, Joseph N. Shneider, BS (IE) '76 Carolyn Bomberger, BSIM '68 BSIM 74, FR FR Robert W. Shockley, Jr, MSM '90 Priebe-Blackledge, FR, FR Edward and Joyce Bottum, BS Paul and Deborah Bergren, MSIA Jerry L.Jana, MSIA'64 C. Wesley and Ann Shook, FR, FR Michael and Judith Borkowsky, (EE) '55, BSHU '57 '7.^,BAHU'71 Robert and Gloria Janson, BS Keith V.Smith, PhD e66 MSIA '62, BA '63 StrotherH.Brann.Jr., MSM'93 Richard Bernstein, MSM'91 (IND ECON) '53, FR Ronald and Donna Smith, MSM Howard and Mary Jane Burdett, Robert and Sherryl Breimeier, Norman R and Karen Blake, Jr., Jay A. Johnson, MSIA '95 '78, FR MSIA '64, MSS '63 MSIA '66, FR MA '66, HDR '95; BAHU '65 G. Logan and Karen Jordan, MSM John and Nanq Stamper, MSIA John R Carver, MSIA '67 Jane Brock-Wilson, BSIM '78 Susan B. Butler, BSIM '65 '82, MSIA '94 '70, BAHU '70 David and Margaret Crow, MSIA DonaldJ. Brodine, BSM'88 Amold and Jean Cooper, MSIA Joshua M. Kaplan, FR Roger C. Stewart, MSIA '74 '75, BSHU '77 Beth A. Brooke, BSIM '81 '57, FR Margaret M. Kensicki, BSIM '77 Frank E. Sujecki, MSM '79 Lynn A. Daugherty, BSIM '72 James R. Burchett, MSIA '65 Robert and Eugenie Damon, Kenneth H.Kraft,Jr,BS (ECON) Lawrence and Rosemary Teder, William and Joyce Delhi, MSIA Frank L. Buttitta, MSM '83 MSIR'71, FR '56 FR,FR '64, FR Jack L.Butts, BSIM'62 E.James Dondlinger, MSIA '71 Stephen R Laughlin, MSM '92 Dennis and Patricia Terry, BSIM John Ehardt HI, MSIA '64 Stanley J. Calderon, BSIM '68 Michael andjuanita Eagle, MSIA MartinJ. Leestma,BSIM'80 '77, BSAG '78 DonaldJ. Ehriich, FR Brian R. Campbell, BS (ACCT) '71, FR Donald and Kristin Ixhmann, Gordon F Teter, MSIR '68 Richard J. Eichner, MSM '80 '85 JoeW.Forehand,Jr,MSlA'72 PhD '69, BSHE '69 Mart T Tiismann, MSIA '83 Dennis R. Eickhoff, MSIA '67 D. Michael and Mary Cannady, David I. Fuente, MSM '69, HDR RandallJ. Lewis, MSM'89 David C. Flicker, BSIM '69 W.James Fischer, MSIA'71 MSIA'71, FR •95 John C. Lillich, MSIA '64 HenryW.Tymick,Jr.,BSIM'63 Thomas L. Fisher, BSIM '66 Frank and Janice Carder, BS (IND Jurgen R. Grossmann, MSIA '74 James A. Link, MSIR'71 Gary R Uebelhoer, MSIA '76 Harold II. Greenberg, BSIM '62 ECON) '58, FR Mabel L. Hamman, FR Thomas F Little, BSIM '68 Philip H. Wagner, BSIM '65 Nancy H. Handel, BSIM '72 John and Brook Cari, BSIM '70, Richard and Penelope Hansen, Bradford A. Logan, BSM '80 Theodore R. Wanthal, BSIM '65 Eric J. Hargens, BSM '82 FR MSIA '67, FR Edward FLukes,Jr, MSIA'66 James H. Weinberg, MSIA '84 Walter E.HelmickJr, BSIM'61 Wiley D. Camiichael, MSIA '67 Charles B. Hintz, BSIM'71 Barbara A. Lynch, MSIA '77 I^gan E Wemz, BSIM '67 Marc S. Hochman, MSM '93 John K. Chalmers, MSM '68 Paul D. Jacobson, MSM'84 Leslie Magid, MSIR '81 Matthew E, West, MSIA '91 Charles E. Hoover, MSIA '59 Curt J. Clawson, BSM '84 StevenJ.Johnson,MSlA'72 Robert W.Maldia, BSIM'89 Roger and Christine Willis, FR, Thomas D.Jeppson, BSIM'77 Walter T Conway, BSIM'70 William E. Kassling, BSIM '67 Abraham Marcus, MSIA '66 FR PhyllisY. Martin, MSM'94 C. Russell and Mary Ix)U Cox, KariJ, Krapek, MSIA'72, HDR'98 Timothy J. McA.shlan, MSM '94 Rex L Wilson, BSIM '73 Michael D. McDaniel, MSM '72 MSIA '81, BAHU '80 Teresa M. LeGrand, BSS '72 JohnJ. McConnell, Phd'74 Barbara K, Wing, BSIM '74 Tamara E. Morse, MSM '78 Lynn R. Coy BSIM '65 Gary J. Lehman, BSIM '74 Robert B. McDonald, FR Stephen G. Wuest, BSIM '72 R. Andrus Nash, BSIM '6I J. Richard Cummings, MSIA '69 Wilbur G. Lewellen, FR Nanita K. Mcllhattan, MSM '87 Jeffrey W.Yundt, BSIM'67 RobertV. Palan,BSIM'66 Philip H. Decker, BS (ME) '39 Winston and Roselyn Lister, PhD Allen C. Menke, MS (ME) '48 William and Marilyn Ziegele, FR, Douglas W.Peterson, BSIM'84 James E. Dora, Sr., BS (IND '67, FR Charles R. Meyer, MSIA '67 FR Donald G. Raider, BS (IND ECON) '58 William and Joyce Litzler, BSIM Kae F Moore, FR James B. Dworkin, FR '64, BAHU '64 ECON) '58 David L. Morley, MSIA '79 Jason and Margaret Dyer, MSM Richard and Carol Loehr, MSIA Gordon and M. Elaine Rains, James H. Muehlbauer, MSIA '64 '88, MSHRM '87 '67, BAHU '65 MSIA '60, FR David 0. Nellemann, BS (IND Douglas W.Eberle, MSIA'86 Bennet and Maxine Miller, BS Donald and Susan Rice, PhD '65, ECON) '60 (IND ECON) '59, BSHU '59 HDR '85; FR Jeffrey and Rebecca Eglen, BSIM '84, BSM '82

9 Krannert 1997-98 ANNUAL REPORT INDIVIDUAL NVESTORS Krannert Dean's Club

Krannert Dean's Club David F Goldberg, MSM '82 W. Keith Pence, BSIM '75 Krannert Manager's Club Almeda L. Beasley MSIR '72 members invested $500 to $999 Stephen I. Golden, MSIA '67 Alfonso A. Persico, MSIA '64 members invested $100 to $499 Cheryl L. Beatty, BSM '88 Christopher T. Goss, MSM '98 Paul E. Pettier, MSIA'59 Patrick C. Beck, BSIM'71 in the Krannert Annual Fund. in the 1997-98 Krannert Annual DonaldJ. Graham, BSM '77 Jerry J. Piatt, BSIM '65 Robin H. Beck, MSIA '85 Carol L. Adams, BSIM '76 Fund. Mary L. Greenawald, BSIM '83 John H. Poulin, MSIA '82 Robert A. Becker, BSM '64 James D.Adams, MSIA'71 Scott T Abbott, BSIM '93 James A. Griffiths, BSIM'66 Douglas R. Powers, MSM '78 Glenn and Cindy Beebe, MSM '73, Matthew J. Aguiar, MSIA '80 CindyJ.Ackerman,BSIM'78 Nickolas Grubnich, MSIA '69 James W.Prech, BSIM'65 BSM '70 C. Michael Allen, MSIA '67 John H. Hahn II, MSIA '79 Craig S.Reber, MSIA'75 John C. Ackerman, BS (IND Ruth E. Beedle, BSM '75 Kemal Altinkemer, FR Scott R. Haner, MSM '81 Martin L. Revis, BSIM '66 ECON) '62 Barry B. Beeson, BSIM '70 Guillermo A. Alvarez, MSM '96 John W. Harless, BS (IND ECON) George B.Rice, MSIA'59 Carl R. Adams, PhD '66 AndrewW.Beetz,Jr.,BSIM'72 John T Baker, MSM'80 •60 James N, Rieth, PhD '70 James S. Adams, BSM '82 Michael T Behm, MSM '86 David M. Baldwin, MSIA '64 Philip C. Hartzler, MSM '79 James K. Rogers, MSIA '75 LeAnn M. Adams, BSM '83 Donna R Beland, MSM '87 Bro B. Ballantine, MSM '84 Kenneth and Mary Hatten, PhD Stephen C. Rogers, MSIA '73 Randy R. Adams, BSIM '77 David G.Belanger, MSIA'68 John E. Barto, FR '74, PhD '74 David J. Ross, MSIA '79 Bradley A. Ahbe, MSM '83 Edward S. Bell, MSM '92 Thomas R. Baryl, BSIM '88 Robert D. Heddens, MSIA '63 Michael L. Rydson, MSM '97 William R. Aitchison, BSIM '73 Andrew and Janice Benjamin, John B. Bassett, BSIM '72 Herbert D.Hentzen III, BSM'81 William H. Schomburg, MSM '75 Mark and Sarah Alton, BS BSIM '84, BSAG '87 John and Heather Beering, MSM Michael J. Herringshaw, MSIA '76 Stuart and Priscilla Schube, MSIA (ACCT) '85, BSIM '85 John B. Bennett, BS (ECON) '51 '97, MSIA '92 H.Frederick Hess III, MSM'81 '64, FR Steven A. Albrecht, BSM '75 Lori A. Bennett, BSM '96 James R Begin, PhD '69 David D. Hoecker, MSIA '70 Frederick L. Schuermann, Jr., Robert G. Albregts, BSIM'71 Larry L. Bennison, BSIM '64 Lisa M. Berkemeier, FR Thomas R Houck, MSM '95 MSIA '68 Lark M. Allen, MSIA '70 Bradley S. Berkshire, BSM '81 JamesJ. Benis, BSIM '75 Thomas N. Howard, BSIM '69 Dan E. Schwartz, BSM '82 Samuel R. Allen, BSIM '75 David R. Bedien, BSIM '72 Bruce B. Black, BSIM '72 Nancy M. Huelsmann, MSIA '89 James T Schwartz, BSM '88 Don M. Allison, BSIM '62 D.James Berry, MSM'84 Robert H. Bock, PhD '6l John H. Humphrey MSIA '72 George Shahnasarian, MSIA '79 Paul L. Allison, BSIM '83 Joann H. Berte, BSIM '79 William R. Boehning, BSM '82 Steve R. Hussey MSM '82 James D. Shilling, PhD '81 PaulL.Amidei,BSM'81 Jerry L. Beto, MSIA '68 W. Wayne Booker, BS (ECON) '56 John L. Jasniewski, BSIM '73 Steven E. Short, BSIM '68 Larry R. Ammons, MSIA '70 Edwards. Bialas,Jr,MSIA'73 Michael and Pamela Borovich, JeromeV.B.Jefferds,BSIM'68 Kathleen K. Smith, BSM '83 Christine M. Andersen, BSIM '86 Irene M. Binash, MSM '81 MSM '88, FR James and Lara Kahler, MSM '96, Robert M. Smitson, MSIA '67 E. Phillip Anderson, MSIA '60 Neil Birkhimer, MSM '90 Peter and Elizabeth Bostwick, MSM '96 Jerry and Reah Smoiek, MSIR Lisa L. Anderson, BS (ACCT) '89 Nicholas G. Bizoukas, BSIM '86 MSM '89, MSHRM '89 JohnK. Keach,Jr,BSM'74 '73, BAHU '73 Robert C. Andolina, BSIM '81 JohnH. BlakleyJr.,BSIM'68 Kevin L. Bottorff, BSIM '77 Michael Kelyman, MSIA '57 Windsor S. Smyser, Jr, BSIM '76 Collins A. Andrews HI, MSIA'70 John G. Blazic, BSIM '71 Troy E. Boutonnet, MSM '86 James M. Kinney BSIM '82 R. Scott Sorensen, BS (ACCT) '88 Jennifer J. Andrews, MSM '95 Kenneth A. Blech, BSIM '69 Stephen L. Brant, BSM '75 John L. Kling, PhD '83 Francis W. Stanton, Jr., MSIA '63 John and Barbara Andrews, BSIM David A. Bock, BSIM'77 Daniel W Brough, BSM '74 William C. Knodel, MSL\ '64 Debra F Stewart, BSIM '73 '77, FR James A. Bodnar, MSM '91 MorganJ. Burke, MSIR'75 James and Paula Koch, MSIA '78, C. Stanley Strauss, MSM '76 James S. Ang, PhD '72 Jonathan and Carolyn Stephen M. Burke, MSM '78 MSM '79 Michael Streb, MSM '90 Glenn V Angermeier, BSM 79 Michael G. Bymes, BSIM '73 Bohlmann, MS (AAE) '87, FR Daniel J. Kovenock, FR Mary Sun, BSM '81 John V Annakin, BSIM '91 Stephen H. Can, MSM '84 James S. Bohner, BSM '84 Eric and Cynthia Lamb, BS Stephen C. Susemichel, MSIA '72 Anonymous Ralph E. Casbon, FR Christopher J. Bokhart, BSM '81 (ACCT) '89, FR Joseph E. Swartz, MSM '93 Alvaro Anzoategui, BSM '78 Thomas G. Casbon, BSIM '74 Joy H. Bonczek, FR Robert WLazard, BSM'76 Michael R Sweeney BSIM '66 Kathryn M, Argentar, BSM '83 Jamesl. Cash,Jr, PhD'76 Thomas A. Bond, MSIA '65 Donald L. Ixigeber, BSIM '74 James G. Thompson, MSIA '58 Gary E. Argo, BS (IND ECON) '62 Lawrence C. Cattran, MSIA '73 James M. Bonk, MSIR '70 Terry D. Lester, MSIA '75 Hugh R. Thornberry, MSIA '57 Robert LArgus,Jr, BSIM'73 Joel H. Clayton, MSIA '82 B. William Bonnivier, Jr., MSIA John H. Ling, MSIA '72 MichaelJ. Touma, MSM'82 BevedyJ.Armento, MSM'69 Terry R. Coggeshall, MSIA '73 '65 R. Curtis Linn, BSIM '73 StevenJ.Traut, MSIA'73 John S. Amold, BSIM '75 Timothy E Coleman, BSIM '90 Janet E. Boo, BSM '79 Kathleen M. Linta, BSM '81 Chades and Diane Tritschler, FR, Rebecca S. Amold, BSM '76 Harold S.Coyle,Jr, PhD'67 Gary L. Boone, MSM '75 Charles T Ludwig, MSIA'71 FR Allison Auerweck-Campbell, BSIM Maria L. Crowe, BSIM '82 Patrick M. Booth, BSIM '77 George S. Ludwig, BS (ACCT) '76 Roger S. Utter, MSM '77 '86 F Stewart DeBniicker, PhD '73 Ronald and LuAnn Boots, BSM W Marc Lyerly MSIA '76 John E. Vaughan, BSIM '69 MarkE.Ault, BSM'81 David and Diane Denis, FR, FR '76, BSM '76 Vicky L.Manlove, MSM'91 Patricia S. Wagaman, MSM '76 Peter J. Austgen, BSIM '71 Diane M. DeSimone, BSIM '71 Thomas B. Boots, BSIM '66 MichaelJ. McDonald, MSIA'67 Chades H, Walkup, MSIA '73 Kirk E. Avila, MSM '91 Robert S. Dobis, BS (ACCT) '85 John A. Boquist, PhD '73 Katherine J. McKenzie, MSM '90 Shu G.Wang, PhD'91 Cecilia L. Ayers, BSM '77 Patrick and Christina Donka, BS JohnW. Boudreau,Jr.,PhD'81 S. Kurt Menner, BS (IE) '84 George W. Wehrlin, MSIA '65 Thomas 0. Ayres, BSIM '86 (ACCT) '87, BS (ACCT) '88 Joseph R. Bowen, BSIM '80 Duane D. Meyer, MSM '92 Alan W. Wiechmann, BSIM '83 Michael F Backe, BSIM '81 Bartiara L. Doster, FR Linda K. Bower, BSM '75 Bari)ara A. Miller, BSM '90 Diderica M. Wiersema, MSM '83 William R. Bacon, MSIA '86 Dennis E. Dreyer, BSIM '71 Laura Bowers, BSIM '80 Matthew D. Mohr, MSM '83 Myron F Wildish, BS (CHE) '40 Harold E. Bailey BSIM '66 Thomas Ehardt and Phyllis Glen L. Bowler, MSIA '74 Keelin V Molloy BSIM '79 Jay and Eleanor Wiley HDR '91, Roberto. Baker, MSIA'58 Coram, MSIA '70, FR Wendy L. Bowlin, MSM '92 Paul H. Moore, MSIA '84 FR John S. Balconi, MSIA '66 Robert G. Filer, BSIM '67 Larry M. Bowling, BSIM '70 David I. Morrison, BSIM '70 Robert A. Baldwin, FR Melissa Emery, BSIM'71 Raymond FWise.Jr, MSM'87 Dale E. Bowman, BSIM '72 Richard H. Morse, BSM '82 Gerald D. Wollert, BS (IND Steven E. Baldwin, BSIM '76 Frederick W. Engimann, BSIM Douglas and Sharon Bowman, Timothy and Kathleen Moynihan, ECON) '57 Christopher T Ball, MSIA'87 '69 FR, FR MSM '88, MSM '88 Elaine I. Wood, BSM '78 Kathryn A. Ball, MSM '91 David R. Everhart, MSIA '60 Pat Boyce, MSIA '67 Mary T Murphy BSIM '79 James G. Woodworth, MSHRM '93 David M. Ballantyne, MSM '93 D. Craig Fecel, MSIA '67 W. Ross Boyd, BSM '88 Peter and Anne Murphy FR, FR Tyrone G. Yee, MSM '78 Edward R Banas, BSM '75 Susan A. Feith, MSM '92 Kendall W Bradford, BSIM '77 Solomon M. Musyimi, MSM '94 Robert I. Zender, BSIM '66 Athos R BarouLsis, PhD '72 Robert D. Feller, BSM '84 William H. Brandt, MSIA '64 Gary W. Naab, BSIM'67 EdwardJ. Barrett, MSIA'75 AndrewJ. Fetsch, BSIM '68 Kent and Jacqueline Brasseale, Daniel L. Nettina, MSM '83 Janet A. Barrickman, BSM '76 Glenda R. Fisher, BSIM "72 MSIA '65, MSS '64 Janet Netz and Jon Haveman, FR, John M. Barron, FR Steven R. Gailar, MSIA '73 Joseph I. Bratspis, MSIA'59 FR Daniel G. Barton, BSM '77 Richard H.Gilbert, Jr., BSM'78 Wendy S. Braun, MSM '95 William M. Nigh, MSIA '74 Joseph L. Battaglia, BSM '81 Stuart K. Gilchri.st, BSM '85 Kathryn Bresich, BS (ACCT) "85 Michael H. Ohaver, BSIM '67 Ix)isA, Bauer, BSM'80 ToddJ. Gilman, BSIM '77 RodolfoA.Bressani,MSM'92 Julie Overiieck, MSIA '76 Ronald K. Bauer, BSIM '78 Jeffrey F Glajch, MSIA '88 Douglas W. Brewer, MSM'91 Steven and Elizabeth Patterson, Donald R. Baumgardt, BSM '80 Gary j. Glazer, BSIM '67 Stephanie A. Bridwell, BSIM '96 MSIA '76, FR Steven A. Baumgarten, PhD '71 R Graham Bright, BSIM '66 Michael L. Paul, BSIM '79 Michael H. Bauschelt, BSM '84 David C. Bristle, BSIM '69 Bradley S. Beals, MSM '91 Samuel VBristol,Jr, BSIM'85 10Krannert 1997-98 ANNUAL REPORT N D DUAL INVESTORS Krannert Manager's Club

R. Michael Brock, BSIM '72 Noshir and Joanne Chinoy MSIA PatriciaA.Craycraft,BSIM'73 Peter B. Dunbar, MSL\ '65 W. Scott and Christie Fluegel, Steven A. Brock, BSIM '92 '73, FR Ronald D. Creager, BSM '64 H. Steven and Janis Duncan, BSM '81, BSIM '80 Craig E.Broeking, BSM'81 William A. Chipp, MSM'93 Gary B.Creakbaum, BAHU'73 MSM '82, MSL\ '81 Daniel H. Ford, BSIM '83 Anne L Bronson, BSIM '85 Catherine Christen, MSHRM '93 Wendy M. Creamer, BS (ACCT) William D. Dunn, BSM '78 Robert G. Forgette, BSIM '67 Amy L. Brown, MSM '86 Douglas S. Christopher, BSM '79 •92 Thomas S. Dunstan, MSM '86 Elizabeth J. Forman, MSHRM '90 Carolyn C. Brown, MSPPPA '80 Thomas W Christopher, MSIA '71 Bennett C. Creed III, BSM'75 Clifford A. Dunton,BS (IND Catharine L. Fomey BSIM '84 Thomas E. Brown, MSM '69 Kenneth A. Cichocki, MSM '84 David H. Creps, MSM '77 ECON) '57 Rosemary F Foster, BSIM '81 Timothy C. Brown, MSM '78 Stephen M. Clampett, MSIA '79 James B. Cress, BSIM '67 Patrick J. Duparcq, PhD '93 Charles D. Fowler, BSIM '67 William C. Brown, MSIA '86 Susan I. Clapham, MSM '94 Gregory A. Cripe, BSIM'69 Harold E. Dyck, PhD '82 Carol D. Fox, BSIM '83 JohnJ. Bmner,BS (IND ECON) Daniel W Clark, BSIM '73 MarkA. Cripe, MSM'97 RonaldJ. Dyer, BS (ACCT)'91 Gary A. Fox, BSM'82 '57 Donald M. Clark, BSM '82 Christine R. Cromas, BSM '89 R. Terri Earnest, MSIR '71 John L Fox, MSIA '72 Thomas H. Bmsh, FR James D. Clark, BSIM '66 Eric Croson and Mari Pitcher, Timothy S. Eckenrode, BSIM '86 Marcia L. Fox, BSIM '82 Jared K. Bryan, BSIM '72 Jennifer S.Clark, BSM'77 BSIM '70, BS (IE) '81 Brian E. Edelman, MSM '84 Juan M. Fraiz, BSM '79 Thomas L. Brygider, BSIM '65 Ronald D. Clark FR Kenneth H. Cullum, BSIM '63 Peter D. Edquist, BSIM '72 James D. Franchville, MSL\ '89 B. Timothy Bucher, BSM '79 RussellJ. Clark, BSIM'88 Michael D. Culver, MSM '89 Christine and Roger Edwards, G. Christian Frank III, BSIM '89 Trent A. Bucher, BS (ACCT)'86 Darral G. Clarke, PhD '72 Bruce TCundiff, MSIA'66 MSL\ '83, FR Amold G. Franke, MSIR '60 Nancy B. Buehler, BSM '79 David W Clarke, BSIM'70 Charlotte WCurdes, BSM'77 Patrick F Egan, MSIA '67 William E. Franklin, MSIA '65 Robert M. Buehler, BS (IE) '91 Laura K. Clegg, BSM'78 Jon W. Curtis, MSM '96 GregA.Egbers,BSM'75 Jeffrey A. Frantz, BSIM'86 David R.Bulfin, MSIA'71 Charles H. demons, MSM '97 Michael and Laura Daily BS Jack TEhlinger, MSIA'73 MervinA. Frantz,Jr,MSIA'71 Claude W. Burgess, MSM '93 Christopher L.Cline, BSM'91 (ACCT) '89, BSM '89 Robert Ehrsam, BSIM '72 James R. Fratangelo, MSIA '83 Mark A. Burgess, MSIA'82 Rebecca Cline, BSIM '72 Richard and Barbara Daniel, Joan B. Eicher, BSIM '86 Thomas and Beatrice Freeh, Jerry M. Burke, MSM '83 James I Clune, MSIA '6l MSIA '77, MAS '74 Alfred Elk, MSIA '65 BSIM '78, BSIM '77 Lome and Mary Burke, BSIM '82, Elizabeth A. Clymer, BSIM'71 Jean E. Daniels, BSM '77 Jerry B. Elledge, BSIM '64 Kent K. Freeman, BSM'81 BSM '82 ScottA.Coates,BS(ACCT)'89 Theodore E. Dann, BSIM '75 John L Ellis, MSIA '72 Kevin E. Freeman, BS (ACCT) '87 James V Burkhard, MSIA'58 Carolyn C. Cobb, BSIM '80 Edward C.Dartz,Jr., BSIM'71 Brockton R. Ellwood, MSM '94 Margaret T Frehner, BSM '93 Peter H. Burkhardt, MSM '89 Brian D. Cobble, BSIM '79 MelvinA.David,BS(ECON)'52 Cyrus H.Elting, Jr., MSIA'65 JayA.Freund,MSM'94 Lawyer L. Burks HI, BSIM '89 John 0, Coffin, BS (IND ECON) Charles R Davidson, BS (EE) '42 RobertJ. England, BSM '75 K. Daniel Frey BSM '79 John and Stacey Burr, MSIA '91, '59 Connie J. Davis, MSM '86 Kevin W. Ephlin, MSM '79 G. Christian Fridholm, MSM '85 MSIA '91 M.Richard Coffin, BSIM'71 MeganJ. Davis, BS (ACCT)'89 Connie L. Erb, BSM '83 Randolph S. Friedman, MSM '82 Floyd E.Burroughs,Jr, BSIM'67 John R. Cogswell, MSM '91 Susan M. Davis, FR Richard J. Erb, BSIM '64 Michael R. Frierman, PhD '86 Michael A. Busald, BSIM'72 Matthew A. Cohoat, BSM'82 Thomas and Louise Davis, BSM CraigA.Erickson,BSIM'83 ConnieJ. Fucito, MSIA'82 JackA.Busse,BSIM'71 Paul and Mary Ann Colchin, '76, BSM '76 Nancy L. Emstes, MSIA '79 Thomas N. Fulton, BSIM '65 John S. Buswell, BSIM '73 MSM '86, MSM '86 Douglas R. Deaver, MSM '71 Michael E. Ervin, BSIM '65 R. Stanley Fumta, PhD '88 Gary W. Butcher, MSIA'73 Charles C. Cole, BSIM '84 Lucky G. Deck, BSIM '67 Robert K. Eskew, PhD e73 Rebecca L. Gallagher, BSM '89 Jules M. Buxbaum, BSIM '81 Landon E. Coleman, BS (ACCT) Patricia J. Decker, BSM '81 Steven L. Esplin, MSM '95 Thomas A. Gallagher III, BSM Lori Bymark, MSIA '87 '85 Deborah L. Degeer, BSM '79 Roger E Evans, MSIA '66 •89 Keith E. Caldwell, BSM '81 Gerald E. Collins, MSIA '69 Stephen L. Deko, MSM '95 Peter R.Everitt, BSIM'81 Peter N.Gallios, BSIM'87 Casey J. Call, BSIM '83 Joseph S. Columbe, BSM '76 Jamie K. Delladio, BSIM '86 Keith E. Ewing, BSIM '71 Tina M. Galloway, PhD '93 J. Norman Callahan, MSIA '70 David J. Combs, BSIM '64 Timothy E, DeLong, MSIA '87 Marian M. Extejt, PhD '80 Patrick K. Gantert, BSIM '72 Douglas S. Callantine, BSM '74 Kevin Conerton, MSM '80 Robin Demagistris, PhD '82 Randall L. Fairhurst, MSM '78 Christian A. Garcia, MSM '87 Carmine J. Camerato, BSIM '83 CarolJ.ConoleyBSM'78 DarioJ.DeMaria, MSHRM'87 Christine S. Famsworth, BSM '79 Gary R.Gardinier, MSIA'71 David E. Campbell, BSM '77 Gordon K. Constable, PhD '72 Jerry V DeMars, BSIM '72 William E. Feidt, MSIA '68 Michael A. Gardner, BSM '84 Gary N. Campbell, BSIM '68 Charles R Contreras, BSM '94 Mark L. deNaray MSIA '74 Samuel L. Felberbaum, BSIM '92 Joseph B. Garrett, BSIM '76 John R. Campbell, BSM '74 Caroline M. Cook, BS (ACCT) '91 Pi-ShengDeng,PhD'87 Bert H.FelLJr., BSIM'79 Indre I. Gaska, BSIM '85 Pamela F Campbell, BSM '78 Kenneth M.Cook, BSIM'71 Don A. Dettmering, MSIA '64 Mark L. Fenimore, BSIM '72 John S. Gault, MSIA '67 John A. Canterbury, BSIM '64 John L.Cooke, BSIM'71 David and Molly Detwiler, BSM Marvon G. Fenton, MSIA '62 Cheryl D. Gavin, BS (ACCT) '86 William H. Cantrell, BSM '69 Marquis M. Cooke HI, BSIM '66 '77, BSM '77 John F Ferguson, BS (IND ECON) Mary A. Gear, FR Jay Caraviello, MSM '92 Calvin L. Cooksey MSM '78 Kathleen M. Deutsch, BSIM '90 '62 CharlesW.Gearhart,BSIM'6l John A. Cadson, FR Ronald A. Cooper, BSIM '69 LarryA.DeYoung,MSM'70 Elizabeth D. Femandez, BSIM '80 Maria C. Gedeon, BSM '88 Roger E Camey MSIA '63 Terri S. Cooper, BSM '89 Mario R.Dibenedetto, Jr., BSIM Alan D. Ferrell, FR Karen E. Gehrke, BSIM '82 G.Larry Carroll, MSM'88 RobertJ. Copeland, BSIM '88 '88 Cedric L. Ferrell, BSM '84 Russ Gelberg, MSIA '87 Paul K. Carson, BSIM '71 Howard W Copenhaver, Jr., MSIA Gordon A. Dicosola, MSIA '66 Robert Ferriday HI, BS (IND Peter Gentry, BSIM '67 William D. Carstens, BSM '77 '73 John F Diebel, MSM '84 ECON) '60 ' Richard S.Gentry,Jr., BSIM'66 M. Bruce Ca-ssady MSM '97 Richard M. Coppin, BSIM '62 ChaunceyJ. DiLaura,Jr., BSIM Robert R Fesler, MSIA '78 Doyle A. Gerig, BSIM '69 Steven E. Cassady BSM '80 Bruce R. Corban, BSM '85 '67 Thomas J. Feury, MSM '84 James H. Gedach, PhD '82 Michael F Cassidy BSM '78 Douglas A. Codey BSM '79 Gregory S. Dill, BSM '78 Lisa E. Fewer, BSM '82 William R. Gedach, BSIM '87 GiffordA.Ca.st,Jr.,BSIM'66 Sigmund L. Cornelius, MSM '80 Max G. Dill, BSIM'64 Dale E. Fickle, BSIM '72 Charles A. Gerolium, Jr., BS Dawn S. Castleman, MSIA '93 Georges Comet de Peissant, MSIA Joseph M. DiNatale, BSM '81 Kenneth E. Field, BS (IND ECON) (ACCT) '87 Joseph and Pamela Castrale, BS '74 Keith M. DiSano, MSHRM '89 '60 E. Rick Gesue, MSM'63 (CHE) '86, BSIM '85 Susan A. Corr, MSHRM '96 JulieJ. Doeing,BSIM'82 Spencer D. Fields, BSM '82 Susan D. Geswein, BSM e89 Gary and I,eslee Chafee, MSIA Robert B. Cortelyou, BSM '70 Bruce H. Doelling, BSM '80 Jerry G. Fife, BSM '74 Gary L. Gienger, MSM '81 '79, BSM '79 Jeanne A. Cosat, MSM '75 I)onaldA.Doffin,Jr,BSM'91 Carmen M. Files, BSIM '91 Jonathan R Gilbert, BSM '88 Carl T Chaleff, BSIM '69 Thomas H. Cosgrove, MSIA '87 MarkA.Dos,seyBSIM'79 David W. Findlay PhD'86 WalterA.Gilliland,MSIA71 Richard H. Chamberiain, MSM John CCoulson.BS (IND ECON) Craig RDowden, MSIR'72 Richard A. Finlay MSM'76 Rex A. Gingerich, BSM '87 '82 '61 John FDoyle.Jr., BSIM'70 Catherine M. Finley MSM '91 StevenJ.Ginter,MSM'80 William A. Chambers, MSIA '64 Donald D. Counsell, BSIM '68 Kimberly S. Dressel, BSM '86 Irving R. Fischer, BS (ECON) '54 Michael C. Givler, BSIM '67 Frank S,W.Chan,Jr, MSM'77 Christopher J. Cox, BSM '94 MichaelJ. Drinan, BSIM'70 Peggy L. Fish, MSM '97 Nancy L. Glander, MSM '79 Melanie K. Chaney MSM '87 Daren L. Cox, MSM '94 Michael 0. Driscoll, MSM '76 R. D. Fite, BA(ECON) '65 Joan E. Glasson, BS (ACCT) '84 Joel W Chapman, MSIA '70 Lindon G. Craig, BSIM '72 John F Dryden, BSIM '63 Patricia A. Fitzpatrick, BS (ACCT) Larry L. Gleeson, BSIM '66 Nicquel E. Chavers, MSM '94 James R. Cramer, MSIA '77 Denis and Judith Drysdale, BS '87 Russell C.Goddard, MSM'71 Derrick M.Y Chee, MSIA '78 Steven E. Cramer, BSIM '91 (IND ECON)'61, FR William C. Flanagan, MSIA '69 W. Scott Goetjen. BSIM '80 Arthur W.Cheney MSIA'60 Donna M.Craycraft,BS (ACCT) T Scott DuBose, MSIA '66 Susan R. Fleetwood, BSM '79 W. Douglas Goff, MSIA '75 Chee Ching, PhD '88 '93 Richard L Duffy, BSIM'67 Gary E. Fleming, BSIM '93 James R Goldsmith, BSIM '65 W. Richard Dugger II, BSIM'71 Lawrence R. Fleming, BSIM '69

tx Krannert 1997-98 ANNUAL REPORT NDIVIDUAL INVESTORS Krannert Manager's Club

William A. Goldstein, BS (IND Larry E. Haworth, MSM '70 Robert and Mary Hulse, BSIM Chitrapa Khajomrungmeng, Geoffrey M. Lenart, MSM '90 ECON) '61 Daniel R. Hayes, MSM '94 '79, BSM '79 MSM '87 PaulJ. I^o,MSlA'88 Michael D. Gooden, BS (ECON) Philip M. Hayes, BSIM '70 Dorothy A. Hummel, BSS'42 Edward LKillin, MSIA'58 Gregory M. Lemihan, BSM '81 '91 RobertJ. Hayes, MSIA '68 Michael S. Humnicky, BSIM '71 H. Andrew Kimmel, BSIM '69 Kerry D. Lesslauer, BSIM '84 William R Gooding, MSM '93 Edward T Hazledine, BSIM '65 Steven L, Hunt, MSM '93 Thomas W. Kincannon, BSIM '78 Ann M. Levendoski, BSM '82 Margaret M. Gordon, BSM '82 Ralph G.HealeyJr., BSM'74 Joseph C. Hunter, MSIA'71 Toby D. Kinerk, MSM '67 Rene R. Lewin, BSIM '68 Gregory M. Gormley MSIA '91 Michael Healy FR Amelia A. Huntington, MSM '93 Charles and Jan King, BSIM '72, David R. Lewis, MSM '91 James R Gowgiel, MSM '94 Billy L. Hedrick, MSM '97 Teresa A. Hupalo, BSIM'81 BSIM '71 James M. Lewis, MSM '92 Mary H. Graff, BSM '83 Frank L. Heflin, PhD '92 Jay E Hutson, MSM '97 Terri R King, BSM '83 ThomasJ. Lidester, MSIA'77 Andrew S. Graham, BSIM '70 Bradley and Carrie Heilman, StevenJ. Hutton, BSIM'70 Marilyn R. Kintzele, BSIM '70 Philip L. Lieberman, BSIM '67 John R Graham, MSM '81 MSIA '94, PhD '97 Edwin T Hyde, Jr., MSIA'58 A. Bradley Kirchoff, BS (ACCT) Barbara A. Lima, BS (ACCT)'89 Michael B. Graham, MSM '97 ArthurJ. Hein, MSIA'87 James A. lacoponi, MSM '81 '85 Scott E. Livingston, MSM '87 Philip J. Gramelspacher, BSM '77 Thomas E. Hein, MSM '97 William R. Ignatuk, BSIM '66 Lynette S. Kirkdorffer, BSIM '76 I-eonard D. Lloyd, BSM '78 Sheila M. Gramenz, BSIM '77 John G. Helmkamp,Jr., BSIM '71 James E. lUson, MSIA '79 Michael D. Kirkpatrick, BSIM '76 Bmce A. Locke, MSIA '78 BedJ. Grant, MSIA 71 Gordon R. Helms, BSM '83 Martin L. Ingwersen, Jr., MSIA '73 Steven R. Kirschner, BSIM '84 C.KirkhoffLodde,FR Carl E. Grant, BS (IND ECON) Theodore J. Helms, MSIA '68 Joy L. Ison, BSIM '84 JudyM.Kirst,BSM'83 John A. Lodics, BSIM '93 '57 Jeffrey A. Heltman, BSM'82 William M. Ives, MSM '79 Robert E Kissling, MSIR '81 Anthony T Logalbo, MSIA '69 DoddJ. Gray, BSM '84 Patric H. Hendershott, PhD '65 Bmce Jackson, FR RobertV Kixmiller, BSIM'64 Chris Loizides, MSIA '87 Stephen G. Green, FR Albert S. Henderson, BSIM '67 Bradley W.Jacobs, MSIA'80 Kenneth E. Klemme, MSM '93 Ronald T Lonsdale, PhD'65 Laura M. Gregory, BS (ACCT) '86 DanielJ. Henehan, BSM'88 Ronald D. Jacobson, BSIM'66 Chades R. Kline, MSIA '62 Roger A. Lossing, BSM '77 Anthony and Lynda Greig, FR, FR Bemard G. Henricb, BSIM '66 Kathleen D.Janicki, BSM'78 Scott and Patricia Kline, BSIM Aaron H. Lucas, BSIM '72 Walter G.Greig,BS (IND ECON) Duwayne W Herman, BSIM '71 JanineA.Janssen, BSM'78 '82, BSM '82 Louis R Lukac, BSM '83 '60 George F Herzog, MSIA '67 Joyce L.Jarrard, BSM'76 Neil A. Klinker, BSIM '85 Robert R Luke, MSIA '66 Douglas M. Gress, MSIA '74 Donna J. Hester, MSM '93 BarbaraA.Jarvis, MSHRM'90 Thomas A. Klipfel, MSM '93 David G. Lutterbach, BSIM '75 D. Lynn Grider, BSIM '73 Robert R Hetrick II, MSM '78 KennisL.Jarvis,BSIM'77 Kathleen M. Klopfenstein, BSM Keith A. Lutz, MSM '93 Gary L. Griepentrog, PhD '74 George W. Hettenhouse, PhD '70 Marsha E.Jay BSM'80 '89 Stefan H. Lutz, PhD '93 John E Griesemer, BSIM '89 Kathryn A. Hewett, BSM '80 Michael R.Jefvert, BSIM'81 Scott L. Knake, BSM '80 Gerald J. Lynch, FR Donald L. Griffin, MSIA '66 Brian and Elaine Hicks, MSM '88 Richard E.Jennings, BSIM'68 Phillip A. Knapp, BSM '81 Jackson B. Lynch II, MSIA '65 David S. Griggs, MSHRM '92 Ellis M. Hines, BSIM "73 BrynD.Jepson,BSM'75 RickA. KneisleyBSlM'66 Catherine S. Lyons, BSM '86 Mede R. Grimm, FR Myles E. Hirsch, MSL\ '66 JohnA.Jeselnick, MSIA'72 Joseph A. Kniesly BSIM '81 William MacAdam and Sara David A. Grimme, BSIM '90 Thomas A. Hoar, MSM '64 Clarke C.Johnson, PhD'72 Fred M. Knipp, MSM '60 Phillips, MSM '87, BSM '83 Lynn A. Grimshaw, BSIM '71 Joel L. Hochman, MSIA '75 Keith D.Johnson, BSM'81 Laveme L. Knodle, MSIR e72 WilliamA. Maclean,Jr, BSIM'71 John B. Gripman, BSIM '73 Richard W. Hockema, MSIA '70 LaRueE.Johnson,Jr.,BSM'80 James B. Koelliker, BSM '81 Joseph A. Madamba, Jr, MSIA '86 Gary L. Groom, BSIM '69 J. Michael Hodapp, MSIA '62 Russell A. Johnson, MSIA'73 Stephen L. Koepper, MSIA '69 Chades W. Mahal, MSIA '75 Kenneth W Gross, BSIM '73 Margaret Hodgdon Forsyth, BSM Warren L Johnson, BSIM'79 John and Stephanie Koke, MSED Kevin and Janet Mahanay, BSIM Kenneth R. Gmbb, BS (IND '78 Wayne and Deborah Johnson, FR, '77, MSM '77 '73, BAED '73 ECON) '63 William F Hodgdon, BSIM '73 BSM '80 Edward Kolakoski,Jr., MSIR'71 James Mak, PhD '70 Gregory Gmlikowski, MSM '91 Dennis S. Hoeg, MSM '83 William RJohnson, BSM'79 Eric R. Korb, BSIM '81 Richard E. Makara III, BS William H. Gunther, BS (IND Leanne V Hoffmann, BSM '82 GayleA.Johnston,MSM'78 Alison L. Krebs, MSM '91 (ACCT) '92 ECON) '60 Steven and Jennifer Hoffmeyer, Casper RJones in, BSM'80 Timothy L. Krehbiel, PhD '87 Jill M. Makinak, BSIM '90 Virginia R Gustafson, BSM '75 BSIM '86, BSIM '86 DebraA.Jones,BS(ACCT)'89 JohnKrenicki,Jr., MSM'91 Marie T Malecki, MSIA '90 Jeffrey V Guthier, MSIA '88 James R. Hogan, MSIA '63 James N.Jones, MSM'91 Elizabeth M. Krenzer, MSIA '82 Edward T Mallory, MSIA '66 Thomas G. Gutteridge, PhD '71 Steven E. Hollinger, PhD '81 Jeffrey T Jones, MSM'93 David R. Kress, MSM '91 Robin and Margaret Malloy BSM John R. Guttman, BSIM '78 Angela D. Hollingshead, BSM '80 Julie A. Jones, BSIM'82 Michael L. Krick, BSM '77 '77, BSIM '77 Ellen E. Haan, BSM '85 Thomas H. Holmes, BSIM '67 Janice L. Jones-Pinderhughes, David R. Kmmwiede, BSM '78 John A. Maloney BSIM '83 Gregory M, Hagan, BSIM '81 Alfred H. Holzgruber, BS (ECON) MSM '83 Susan E. Krystek, BSIM '82 Ronald R Mammarella, MSIA '78 Stephen L. Hale, MSM '92 '55 David W.Jordan, BSM'79 Elizabeth Kuenstler-Meyer, MSM Shelley K. Mandel, BSIM '72 Frederick S. Hall, BSIM '73 James R. Hooper, MSM '77 John M.Jordan, PhD'70 '92 Rachelle K. Manegold, BSIM '69 Gregory Hall, FR Matthew L. Hopp, BSM '93 Ralph R.Joy MSIA'74 Terrence M. Kungel, BSIM '70 Dean D. Marble, MSM '89 Virginia A. Hah, BS (ECON)'57 Robert D. Hoppes, Jr, BSIM'84 Duane A. Julius, BSIM'72 H. William Kuni, MSIA'62 Nancy R. Marianowski, BSM '90 William E. Hall, MSIA'64 Keith A. Horenstein, MSM '87 Thomas A. Justice, MSM'84 George R Kurze, MSIA '57 Allan D. Marple, MSIA '84 William L. Hall, BSIM '70 Kim A. Horine, BS (ACCT) '84 Samuel Kahn, MSIA '71 Paul V La Schiazza, BSIM '79 Dennis W Marple, BSIM 71 John C. Haller, MSM '73 JamesE. Homer, Jr, MSM'85 Morton I. Kamien, PhD '64 Roger E. Lachele, MSIA '76 James S. Martin, MSIA '63 Denise C. Hallett, BSM '77 Louis E. Homer, MSIA '71 Kenneth K. Kaneshiro, FR ScottA. Laflen,BS(ACCT)'95 John T Martin, MSM '75 Traci R Hallett, BSM '91 Albert M. Homocker, MSM '55 BmceE. Kappeler, BSIM7I Brett E. Lafuze, BS (ACCT) '94 Robert L. Martin, BSM '85 Linda M. Haltom, BS (ACCT) '87 Katrina D. Horton, BSIM '92 Gordon V Karels, PhD '79 Robert M. Laing, MSM '95 Roberta L. Martin, BSIM '95 Christina A. Hamscher, BSM '95 George and Geraldine Horwich, Walter Karpenko, BS (IND ECON) I^nnart K. Laitinen, MSM '68 Thomas E Martin III, BSIM'73 Thomas B. Haney BS (IND FR,FR '60 Lorie Land, BSIM '79 G. Dewey Martinelli, BSM '88 ECON) '55 Michael R. Ilottinger, MSIA '74 Valerie F Kaski, MSM '90 Jon and Barbara Lane, MSM '86, Thomas W. Martino, BSIM '79 Stephen R. Hanon, BSM '84 Franklin S. Houston, PhD '72 Thomas F Kasline, MSIA '66 MSM '86 Mary S. Mason, BSIM '77 Donald R Harber, MSM '93 TerryC. Howatt, MSIR'75 James L. Kast, MSM '76 Samuel A. Lange, BSIM '86 Kenneth J. Matheny FR Thomas J. Hare III, BSIM '69 Johns. Hoyt,Jr, MSIA'62 Tracy E. Katlein, BSM '80 Robert C, Lanphier IV, BSM '79 John W. Mathews, MSIA '75 Thomas R Harig, MSIA '77 Wen-LingW. H.SU, PhD'86 Ira G. Kawaiier, PhD'76 Ray C. Lansing, BS (ACCT) '94 Michael and Courtney Matlosz, Janice R Harmeyer, MSM '88 Ellis R. Hubbard, BSIM '68 Richard E. Keefer, MSIA '64 John R Larson, MSM '86 BSIM'91, BS (ACCT)'91 John T Harris, MSIA '65 J. Michael Hubert, BSIM '73 Edward K. Kelley MSIR '72 Peter I). Laue, MSIA '66 Jeffrey TMatteo, BSM'97 Stephen R Hanis, MSIA '68 Erin N. Hudson, MSM '96 Bridget E. Kelly BSIM '82 Robert WLautner, Jr., MSIA'67 MarkA. Matusik, BSIM'75 James B. Harrison, BSIM '65 Glenn and Sharon Hueckel, FR, DanielJ. Kelly BSIM'89 RobertJ. Lavina, MSM '82 Ernest J. Maune, MSM '79 Kevin L. Hart, BSM '81 MSED '85 John R Kelly BSM '80 Terry K. Lawrence, FR Ann M. Mawicke, BSIM '79 Ira J. Hartoch, MSIA '73 C. Bemard Huesing, MSIA '64 PatriciaA, Kemmer, MSM'97 Mark A. X/iM, MSM '96 Gina V Maxwell, BSM'77 J. Michael Hartstein, MSIA '64 Richard Huff, BS (ECON) '53 James L. Kenkel, PhD '69 Sue A. I,eboza, BSIM '77 Chades L. May BA(ECON) '63 Patrick R. Harvey MSIA '57 Cynthia S. Hughes, BSIM '75 Joseph L. Kennedy BSIM '70 Ix)nnyW. I^dbetter, BSIM7I HenryJ. Mayer, BSIM'66 Dale N. Hatfield, MSIA'61 Michael L. Huie, MSIA '89 Steven M. Kenny BSIM '96 David H. I^e, MSM '72 Michael G. McAuley MSM '87 Willard G. Hatke, BS (IND ECON) Keith Hullinger, BSIM '68 Floyd Kettering, MSIA '66 Kihoon Lee, MSM '94 John M. McCann, PhD '73 '57 GregA. Leininger, BSM'74 Kelly S. McClary, BSM '90

12 Krannert 1997-98 ANNUAL REPORT N D DUAL INVESTORS Krannert Manager's Club

Wilson S. McClellan, MSIA '67 Joseph D. Moeller, MSM '86 Richard C. Nye, BA(ECON)'63 David L.Pope, BSIM'72 James R. Ritz, BSIM '74 James R McCleneghen, MSIA '81 Michael S. Mohar, BS (ACCT) '86 Jeffrey and Cheryl O'Connell, John B. Porter, MSM '71 Henry S. Roberts, BS (IND ECON) Roger E McCloud, BSM '75 RobertJ. Mohlman,Jr., BSIM '68 BSIM '92, BS (ACCT) '92 Richard L. Pottenger, Jr., BSIM '63 Michal C. McClure, MSIA '66 George E. Molchan, BSIM '85 Kathleen A. O'Connor, BSM '82 •68 R. Mel Robertson, BSIM '71 John and Bettina McConnell, FR, Suzanne M. Moltzen, MSM '92 Andrew R.O'DonnelL MSM'75 Donald and Susan Potter, MSIA Miriam E. Robeson, BSM '86 FR Joe M. Montgomery, MSL\ '65 RobertJ. O'Malley BSIM '72 '75, FR David and Shannon Robinette, Robert C.McCormick, BSIM'71 Kimberly S. Mooney BSIM '82 Joseph M. O'Neal, BSM '76 Douglas R. Potter, BSIM '72 MSM '74, MSIA '74 Ronald E.McCormick, BSIM'91 C. Gregory Moore, MSM '87 James B, O'Neill, MSM '68 Jeffrey R. Powers, BSM '79 William S.Rochford,Jr, BSIM Harold M. McCoy BSM '90 Gary T Moore, MSIA'70 Sharon A. O'Toole, MSM '85 John B. Powers, MSM '93 •64 Donald R McCurdy, MSIA '70 James C. Moore, FR Richard K. Obrecht, BSIM '67 Christopher A. Roythress, MSIA Barbara A. Roden, BSM ^83 Robert F McCurdy MSIA '57 Jeffrey L. Moore, MSM '97 Lee A. Oesterling, BS (ACCT) '87 •78 James R. Rohrman, BSIM '70 Richard I. McDanieL Jr., MSM'85 Michael A. Moore, BSIM '73 James L. Ogilvie, BSIM '66 Brian L. Prascak, BSIM '83 Roger W.Roley BSIM'70 William M. McDaniel, MSIR '80 Nancy B. Moore, BSIM '88 Ronald E. Ogle, BSIM '72 James H. Pratt, BSIM '73 Kimberly A. Roll-Wallace, BS R Wayne McDaniels, BSIM '66 WesleyA. Morgan, BSIM'81 Daniel E Olive, MSM '77 Robert C.Price, BSIM'72 (ACCT) '84 Kenneth W. McDermott, BS (IND Mark M. Moriarty, PhD e73 R. Thomas 01mer,Jr., MSIA'70 Kerry A. Prielipp, BSM '79 Joseph A. Rolley MSIA'80 ECON) '63 Donald L. Morrow, BS (IND Mark Olson, FR Steven H. Prince, MSM '72 GregA.Rolsma,BSIM'72 Thomas R McDuffee, MSIR '75 ECON) '54 David E. Omholt, FR Philip C. Proffitt, BSIM '84 David T Rose, MSM'94 James R. McGaughey MSIA '71 James WMossey BSIM'67 John Oosterhouse, MSM '88 Barbara E. Pme, BSIM '80 Deistl and Cheryl Ross, BSIM '75, Patrick A. McGivney BSM '75 James E. Mottern, BS (IND Andrew and Jamie Oreffice, BSIM James R. Pmehsner, BSM '75 MSM '75 John R McGlynn, MSIA '86 ECON) '60 '83, FR David B. Puckett, MSIA '70 Dutch C.Ross HI, MSM 71 Patrick T McGowan, MSIA '94 Randall I. Mount, PhD '69 Charlotte R. Otto, MSM '76 Lisa E. Puckett, BSIM '84 John M. Ross, BSIM '69 JohnR.McGrath,Jr.,BSM'75 Robert M. Mount, MSM '90 Robert A. Otto, BS (ACCT) '92, David M. Purdy BSIM '87 Susan M. Ross, BSM '78 JamesJ. McHugh, BSIM '75 Mitchell D. Mroz, BSIM '75 BSIM '92 Peter J. Putnam, BSIM '64 Eric C. Rossol, MSM '97 Roderick J. Mclntyre, MSM '89 Robert A. Mullen, FR Curtis A. Overpeck, BSIM '74 Debra L. Qualkenbush, BSM '82 Millard S. Roth, MSIA '60 Christopher McKee, FR William B. Muller, BSIM '73 Donald R. Owens, BSIM '92 Richard M. Quigley BSIM '66 Robert M. Rothhaas, BSIM '89 Valerie A. McKinney BSIM'81 Don H. Murdock, BSIM '62 Michael R. Owens, BSIM '72 Terrence M. Quinn, BSIM '71 Julie A. Rowe, BSM '93 David R. McKinnis, MSM e73 MichaelJ. Murphy MSIA 71 WalterA. Owens, BSIM'65 James R Raab, BSIM '66 Kenneth E. Ruark, BSIM '71 Kevin M. McLaughlin, BSM '77 Patricia A. Murphy BSIM'72 Donald R.OzogarJr., BSM'93 Steven C. Rabbe, BSM '83 Ronald L. Ruecker, MSM '95 William and Suzanne Patricia J. Murphy BSIM '82 Anthony R Pache, MSIA '96 SamuelJ. Rabin, Jr, BSM'76 Gayle L. Ruedi, FR McLaughlin, BSME '82, BSIM Scott B. Murray MSIA '70 Joseph B. Paperman, MSM '84 Gordon B. Rains, BSIM '84 Leroy and Maria Runk, MSIA '62, '83 ThomasJ. Murray MSM '93 E. Clyde Parker, MSIA '6l Wayne C.Ramsey, MSM 71 FR John M. McLean, BSIM '72 Thomas A. Murto, BSIM'74 DavidaE. Parks, BSM'97 Donald M. Randich, BS (IND George H. Ruschhaupt II, MSM Kevin B. McMahon, BSM '83 John T Myers, BSIM '65 James 0. Parrish, MSIA '65 ECON) '53 '75 Matthew H. McPhail, BSM '92 Cynthia S. Nahnvold, BS (ACCT) Geoffrey A. Parson, MSIA '63 Martin and Elizabeth Rapisarda, Vincent A. Russo, MSM'94 KevinJ.McSloyMSM'87 '88 Landon and Cassie Parsons, MSM FR,FR Thomas G. Rust, MSM '96 E. Joann Mead, BSIM'67 Donald R Nalon, BS (IND ECON) '84, MSM '84 D. Stewart Rariden, BSIM '73 Chariene B. Rutar, BSIM '74 Sean D. Mee, MSM '96 '59 LeonardJ. Parsons, PhD'68 Jerry S. Rawls, MSL\ '68 Ronald R. Rybarczyk, MSIR '72 Linda W Meek, BSM'78 Neil R Narter, BSIM '6l Clark R. Pashby MSM'77 Betsy R Ray BSIM '87 James R, Ryerson, BSIM '67 Cyms and Katherine Meeks, BS Frank E.NasserJr., BSM'82 Joseph M. Pasquarella, BSIM '73 Patrick R. Read, BSM ^81 Linda K. Saltojanes, BSM '81 (ACCT) '89, BSM '83 Angela J. Navarra, BS (ACCT) '91 Phimar D. Patterson, MSM '97 Veme R. Read III, MSM '76 MarkA.Saltsgaver,MSIA'87 Peter R Meenan, PhD '88 Frank C.Neal, MSIA'57 James W. Pattison, MSIA '75 James L. Reasor, MSIA '57 Danyl L. Sampson, BSIM '75 Shailendra R. Mehta, FR Michael Needham, BSIM '79 James R. Patton, BSIM '70 NilesE.Redden,Jr.,BSlM'72 Jeffrey R Sampson, BSIM '78 Cheryl L. Melchior, MSM '89 Douglas L, Neff, MSM '96 Scott and Sandra Patton, BSM James R Redlin, BSLM '69 John K. Sanders, MSM '86 JamesA.Mellott,BSIM71 Hugh A. Nelson, MSHRM'95 '95, BSM '95 Margaret T Reed, MSM '93 Michael D. Sanders, FR Robert H. Menchhofer, BSIM '72 Tanya R Nelson, BSM '79 Steven WPavicich.BS (ACCT) Jeffrey K. Reeder, BS (ACCT) '74 Nancy Sanders, FR Karen K. Meneely MSM '87 Walter D.Nencka, MSIA'58 '90 Clifford 0. Reese, MSIA '80 Renee L. Sands, MSIA '94 Richard C. Mente, MSIA '69 Richard L. Neumann, BSIM '71 Scott and Paula Payne, MSM '91, S. Howard Reese, MSIA '68 Gar\' C. Sanger, PhD '80 Allen R. Merriman, MSIA '86 John R. Neureuter, BSIM '83 MSM '92 Douglas G. Reid, MSIA '68 Cari R Saroff, BSIM '73 James A. Mesterharm, BS (ACCT) Colleen Nevius, BSM '77 Robert H. Pearson, BSIM '78 Kathleen M. Reiland, BS (ACCT) Carolyn S, Scarola, MSIA '72 '90 Case B. Newberry, MSM '97 John E. Peck, BSM '89 '93 Peter and Michelle Scarpelli, BSM Joseph H. Metelski, MSIA '62 William 0, Newkirk, BSIM '63 James and Lois Pedersen, MSIA MyronJ. Reising,BS(ACCT)'95 '92, BS (ACCT) '92 Randall S. Meyerholtz, BSIM '72 Christine M. Newlon, MSPPPA '82 71,MSL\'72 George H. Reiss, MSIA '65 Charles T Schaefer, BSIM'82 J. Elaine Michaels, MSM '84 Geoffrey I. Newman, BSIM '63 C. Cad Pegels, PhD '67 Richard M. Rella, BSIM '78 KevinJ. Schaefer, BSM ^78 William R. Michaels, BSM '76 Karen L. Newman, BSIM '71 James C. Penman, BSM '79 Michael E. Renaldi, BSIM '72 James S. Schallheim, PhD '80 Stephen M, Michell, BSIM '67 A. Josephine Nichols, MSM'62 Thomas R Penno, MSIA '81 Roger L. Repp, MSIA '66 JamesJ. Schenher BSM'93 William S. Mieth, MSIA '67 Alfred G. Nichols, BSIM '75 M. Susan Peoni, BSIM '72 WalterJ.Resan,Jr.,BSIM'68 Leonard D. Schiavone, BSIM '74 George D. Mignin, MSIA '76 Robert A. Nickel, BSM '76 David K. Perdue, BSIM '69 Bradley and Amy Reynolds, BSIM Wayne L. Schild, BSIM '67 Joseph H. Mihalko, BSIM '76 KathrynJ. Nielsen, BSIM'72 Albert L. Perry, MSM '74 '88, BSIM '91 Michael C. Schleper, BSIM '93 Gene E. Miles, BSIM '76 Allen M. Nixon, MSIA '63 Miriam W. Perry, BSM '84 Thomas E Ribar, MSIA '75 Delia M. Schlosser, MSIA '87 Laura S. Miller, BSM '96 WilliamJ. Nobbe,BSM'83 MargitZ.Pemllo,BSM'79 HowardJ. Rich, BSM '79 Harold L. Schmidt, BS (ECON) SuzanJ. Miller, BSM'78 R. Todd Noden, BSIM'85 GunnarB.PeteRon, MSM'91 Edward A. Richards, MSIA ^70 '61 JuliaA.Minner,BSIM'86 George A. Noggle, BSM '77 Roberts. Peterson, MSIA'57 KentG, Richardson, BSIM ^72 James D. Schmidt, MSM '87 MarshaA. Mishler, MSM'91 John C. Nolte, BSIM '78 Nicholas C. Petmzzi, PhD '95 Deborah K. Richer BSIM '83 John B. Schmook, BSIM '68 Brian T Mitchell, MSM '84 J, Thomas Norbury, MSIA '65 David M. Pettit, BSIM '74 Thomas and Jane Ricketts, FR, Thomas 0. Schneider, MSM '78 GlennJ. Mitchell, MSIA'70 Arne L. Norheim, BSM '96 David D. Pettyjohn, BSIM '67 FR William M. Schneider, BSM '87 Karen M. Mitchell, BSM '79 Donald L. Nomian, BSIM '72 Thomas S. Pfendler.Jr, BSIM '72 Steven G. Ricklefs, MSM '71 Mary A. Schnellenberger MSHRM Steven C. Mitchener, BSM '81 Michael and Sharon Norris, BSIM Michael K. Pippenger, PhD '90 GregoryJ. Ricks, MSM'96 '91 Edward G. Mitro, BS (IND ECON) '85, BSIM '85 George W. Piatt, Jr, MSIA'63 Randall C. Rider, BSIM '72 MarkA.Schoeff,Jr.,BSM'91 '60 William L. Nonvick, BSIM '86 JamesE. Piatt,Jn,BSIM'68 Keith C, Ridler, MSM '76 Timothy and Laura Schoenecker, David L. Mitzner, MSM '85 StephenJ.Noth, BSIM'90 Garrett R Plepel, BSIM '78 Kenneth 1). Riley MSM '75 PhD '94, PhD '95 Noriyoshi Miura, MSIA '79 Charles Noussair, FR Joseph R. Poi, MSM '89 HeikkiJ. Rinne,RhD'81 Ray Q. Scholes, MSM '78 Hugh and Margaret Mixon, MSM James R. Nunns, PhD '81 Steven H. Pollyea, BSIM '70 DavidJ. Riordan, MSM '81 NjmqJ. Schott, MSIR '82 '85, MSM '86 Christopher R. Nusbaum, MSM James R. Pommerich, MSM '90 James and Christine Rischar, Jon R Schrag, BSIM '64 Thomas R. Modisett, BSIM '69 Michael K. Poor, BSIM '78 BSIM '91, BSM '91 William D. Schroeder, BSIM '66

13 Krannert 1997-98 ANNUAL REPORT NDIVIDUAL INVESTORS Krannert Manager's Club

Marianne M. Schueffner, BSM '96 R.B. Smith, BSM '87 Ross S.Taylor, BSIM'71 Larry L. Wagner, BS (IND ECON) Eric E. Wolter, MSM '93 Carson Schuler, MSIA '67 Randall G. Smith, BSM '74 Steven G. Taylor, MSIA '72 '61 Margaret A. Wood, BSM ^84 Warren R. Schulten, MSIA '62 Richard R.Smith,Jr., BSIM'84 DonaldJ. Teder, BSIM '73 Ronald G. Wagner, MSIA '60 Richard W Woodman, PhD'78 Dale H. Schultz, MSIA '70 Rodney A. Smith, MSIR '85 Keith L Teichmann, MSM '96 Stephen T Wagner, BSIM '71 Chades R Woods, BSIM '70 Fred E. Schulz, BSIM '65 Harrison A. SmiLson, Jr, MSIA '62 KirkLTennant,MSM'73 Catherine E. Waite, BSIM '82 Dianne L. Woods, BSIM '72 Russell W. Schwalbert, BSIM '65 Douglas M. Smoker, BSIM '73 Amy D. Thaman, BSM '86 James C. Walker, BSIM '72 Jean M. Woolf, BSM '82 Harold L. Schwartz, MSIA '65 Timothy and Marsha Smunt, EllenA.Thiel,BSIM'68 Michael A. Walsh.Jr, MSIA'87 David E. Workman, BSIM '66 I.eroy B. Schwartz, FR BSIM '76, BSIM '76 AndrewJ. Thielking, MSIA'90 Robert L. Walters, BSIM '83 Drew S. Workman, MSM '93 Debbie W. Scoppechio, FR Frederick C. Snapp, BSIM '73 John E. Thoman, MSM '70 JosephJ.Wambold,MSIA'71 Robert E Worley MSIA '62 Jonathan A. Scott, PhD '80 Jeffrey E Snook, BSIM '71 Brad W.Thomas, BSM'89 Richard W.Watson, MSIA'91 Michael A. Woronoff, MSIA '82 Joseph H. Scott, BSIM '72 William R. Snyder, BSIM '66 Gerald W.Thomas, BSIM'78 Robert A. Watson, BSM '76 MarybethWott,BSM'86 Robert H. Scott, BSIM '81 Gary L. Solgere, BSM '80 MichaelJ. Thomas, MSPPPA '87 Michael B. Watts, FR William A. Wozniczka, BSIM '66 SteveG. Scott, BSM'81 Clinton B. Sommer, BSM '83 Mitchell and Carla Thomas, MSIA Brad W.Weber, BSM'83 Christina E. Wright, MSIA '90 JeffreyA.Scroggs,BSM'81 Carolyn S. Songey MSM '83 '83, MSIA '83 Randolph D. Webster, BSIM '69 Sara J. Wuest, BSM '87 Wilfred T Seals, MSM'67 Scott L, Soucek, BSIM '68 Stacey M. Thomas, BS (ACCT) '88 John W.Wedgwood, BSIM'63 Lois E. Wyrick, BSM '80 Sheryl A. Seger, BSM '81 Calvin R. Spann, BSM '83 Barbara K. Thompson, BSM '75 Harold R. Weitgenant, BS (IND Terri W. Yang, MSM '97 Stephen R Seiden, MSIA '71 William E.Spaulding, Jr., PhD Deane L. Thompson, MSIA '69 ECON) '60 Robert E Yocum, BSIM '73 ScottW.Seidle,BSM'91 71 John M. Thompson, BSIM '67 Douglas B. Welch, MSIA '86 Taishi Yokoi, MSM '97 James D. Selander, MSM '86 Gary W Spears, BSIM '90 RobertJ. Thompson, MSIA '71 Scott and Laurie Welch, BSM '80, Bmce D. Young, BSIM '79 Donald H. Sellers, BS (ECON) '50 William D. Spillane, BS (ECON) Steven E. Thompson, BSIM '78 BSM '82 W. Robert and Janet Young, BSIM Patrick A. Senesac, BSIM '81 '58 StevenJ. Thompson, MSIR'79 Thomas H.Welch,Jr., BSM'77 '69, BSIM '69 Eugene D. Serotini, MSIA '65 Curtis A. Spillers, MSIA'81 Jeffrey D. Thorson, BSIM '80 Curtis C. Welke, BSIM '69 Jih C. Yu, MSM '85 David F Shafer, BSIM '72 Richard G. Springer, MSIR '72 Robin M. Throckmorton, BSM Sandra K. Wellet, BSIM '82 Damon B. Yuzon, MSIA '95 J. D. Sharpe, MSM '93 Frances S. St. Clair, BSM '77 '91 Richard L. Welter, BSIM '64 Mark E. Zachocki, BSIM '86 Joseph H. Shearin, MSIA '68 Gerald A. Stada, BSIM '70 Jerry and Marie Thursby FR, FR John R. Wendt, BS (ACCT) '88 John A. Zaloudek, MSIA '65 John A. Sheehan, MSIA '77 Anne W. Stallings, BSM '78 Christopher A. Tierney BSIM '92 Philip W.Wenger, BSM'77 Robert A. Zborowski, BSM '84 Jonathan D. Sheets, BSIM '92 Ronald A. Stanciak,BS (ACCT) Jean L. Tipton, BSIM '69 Peter J. Wenstrand, MSM '75 Ushani M. Zebooker, MSM '89 R. Darrin Sheetz, MSIA '89 '95 Michael S. Tirengel, BSIM '68 George L.Wert, MSM'54 John E. Zeitz, MSIA ^63 WilliamJ. Sheldrake, MSPPPA '85 Andrea M. Stanford, MSHRM '94 Mark and Patrice Tirio, MS (EE) David A. Wertz, BSIM '80 Elizabeth A. Zeltner, BS (ACCT) Mark E. Shepard, MSM '94 James F Stangl, MSIA '72 '74, MSIA '74 DouglasJ.Westhoff,MSM'90 '94 JerlynJ. Shepherd, BSM'92 Joyce E. Staszewski, BSIM '82 Pamela R. Todd, BSM '82 Cathy A. Whaley MSHRM'87 Klaus-Bernd B. Zensen, MSM '95 Christopher R. Sherman, BS Gordon J. Statz, MSIA'79 Paul D. Tolchinsky, PhD '78 Robert E. Whelan, BSIM '75 Robert M. Zimmerman, MSIA '84 (ACCT) '74 Jonathan F Staub, BSIM '83 Joseph A. Toman, BSIM '6I Dennis WWheLsell, BSM'78 LeRoy D. Zinsli, MSIA '68 Mark K. Shenvood, PhD '72 Jay A. Stead, BSIM '86 Darren K. Touseull, BSIM '85 Robert E. White, BSM '66 Allan E Zoeller, BSM '73 David B. Shifflet, MSM '96 Michael Stefanchik III, BSIM '68 Alfred FTrausch,Jr., MSM'89 Robert G.Whited, BSIM ^61 Michael L. Zurcher, BSIM '77 Wesley E. Shimanek, BSIM '79 James L. Stegemiller, BSIM '73 George E. Trent III, MSM '97 Douglas F Whitemarsh, BSIM '88 John R. Shipley FR Kimberly A. Stegemiller, BSIM '86 Joyce A. Triezenberg, MSIR '74 Kelcy M. Whitman, BSM ^80 John G. Shipman, BSIM '81 Robert W. Steinberg, BSIM '82 Julie M. Trippel, BS (ACCT) '84 Clyde E. Whitson II, BS (IND Krannert Gary L Shmeder, MSIA '82 Max W Steinke, MSIA '67 Thomas F Tryner, BSIM '84 ECON) '60 Contributor's Club Daniel R. Shoemaker, MSM '93 Lisa D, Steins, BSIM '89 Paul V Tucker, BS (IND ECON) Douglas J. Widell, BSIM '68 members invested up to $99 in Deanne M. Short, PhD '89 Carol L Stempien, BSIM '79 '53 George and Lynne Wiegand, BS the 1997-98 Krannert Annual Lorrie D. Shoup, FR Jeffrey A. Stensland, BSIM '77 Scott M.Tlicker, BSM'86 (ACCT) '91, BSIM '91 Fund. William E. Shuey, BSM '85 Gary C. Stephans, BSM '78 Thomas Ibmer, BSIM'71 D. Michael Wieman, MSIA '86 Brad J. Actis, BSIM '80 Jeffrey and Sarah Shultz, MS Linda S. Stephens, BSM '76 Jeffrey L. Uhrin, BSM '84 Chad M. Wiersma, MSM '87 Amy J. Adams, BSIM '89 (AAE) '90, BSIM '90 Ronald L. Stewart, BSIM '65 Louis R. Unzelman, MSIA '73 Matthew G.Wilhelm, BSM'86 Lori A. Adams, BS (ACCT) '86 Richard W. Shuppert, BSIM '70 Terry and Julie Stickler, BSIM '88, Jeffrey B. Updike, BSM '90 Peter E. Wilk, BS (ACCT) '87 R. Allen Adams, BSIM '68 Tod G. Shuttleworth, BSIM '87 BSM'88 David A. Urbel, MSIA '64 Joe F Willerth, BSIM '70 Stacey R. Adams, FR BevedyJ. Sidenstick, BS (ECON) J. Howard Storm, MSIA '57 WilliamJ. VanBeek, MSM'91 David A. Willetts, MSIA '6I Richard G. Adler, MSIA '66 '49 Victoria Stowe, MSM '76 Barbara L. VanderMolen, FR William D, Willey BSM '78 Paul N. Adrian, BSM '82 Jeffrey R Sides, BSIM '79 PamelaJ, Strand, BSIM '81 David L, VanDmnen, MSIA '86 D.GrayWilliams, BSIM'76 Gail A. Agee, BSM '80 William Sidlow and Linda Mark R. Stratton, MSM '97 Leonard D. VanDmnen, PhD '85 James A. Williams, BSIM '68 Michael A. Agnew, BSIM '67 Bishop, BSM '80, BSM '78 Mary L. Streu, BSIM '82 DonaldJ. VanDyke, BSM'64 John R Williams, BSIM '96 Kim C. Agosto, BS (ACCT) '91 Eric T Sieke, BSIM '73 Stephanie S. Strickland, BS Nomian D. VanVoorhis, MSIA '57 James D. Williamson III, MSIA S. Mohammad Ahmad, PhD '86 F-dwin L. Silliman, Jr., MSM '65 (ACCT) '91 Steven C. VanVoorhis, MSIA '71 '63 KurtisJ. Akcni, BSM '92 Roberto Silva, MSIA '68 Chades C. Stringfellow, MSIA '64 Bartley G. VanZandbergen, BSM James E Williamson, MSIA '72 Michael L. Alber, BSM '84 Diane Silverman, MSM '90 Cynthia A. Stringfellow, BSM '77 '87 William G. Willis, BSIM '66 Donald E. Albert, BS (ECON) '55 ThomasJ. Simandle, BSIM '65 James A. Strom, MSIA '85 Raul C. Varga, MSM '87 David 0, Wilson, BSIM '63 Amy S.Alberts, BSM'91 Alfonse A. Simone, BS (ACCT) '90 Jennifer J. Stuart, MSM ^87 Richard J. Vass, BSIM '72 Eric G.Wilson, BSIM'65 Elizabeth A. Albright, MSM '88 Joseph R Simone, BS (ACCT) '89 MichaelJ. Sullivan, BSM ^82 Michael R Vaughan, BSM '79 John RWilson,Jr., MSIA'69 DebraA.Alch, BSM'76 Cad A. Singer, PhD '76 Roy A. Summerville, BSM ^96 Susan M. Vergamini, BSIM '83 KennethJ. Wilson, FR Kathleen K. Alderson, BSM '88 Mark L. Singleton, BSM '92 Andrew M. Sumutka, PhD '73 Joseph L. Vemeuil, BSIM '62 Terry L.Wilson, BSIM'71 James R. Aldrich, Phd '74 Sandra K. Skiles, FR AndrewJ. Suthedand, BSM '76 Judith Verson, FR JaneA.Wingert,BSIM'79 Dale R. Alexander, BSIM '70 Paul W. Slatin, MSM '89 Jack R Suyderhoud, PhD '78 Rolland C. Vetterick, BSIM '67 Robert E, Winks, BS (ACCT) '86 Robert C.AlexanderJr, BSIM'63 James E. Sloan, MSIA '65 Marc and Jennifer Swanson, BS lylerW.Viemow, BSM'85 Chades B. Wise, BSIM e65 Ruth 1). Alexander, BS (ACCT) '88 Alice E Smedstad, MSM '73 (ACCT) '94, BSM '93 James A. Vignola, BSIM '84 RobertJ. Wisniewski, MSIA '65 Gary B. Allan, MSM '87 Brian D. Smith, MSIR '80 RonaldA. Swinehart, BSIM'82 Joaquin B. Vinas, MSM '74 Paul R. Wissler, BS (ACCT) '86 David E. Allen, MSIA '73 Brian R Smith, MSIA '85 Stephen Y. Sykes, MSM '93 Guy E. Vining, BSIM '65 Gregory R. Witham, BSIM '72 R. Elton Allen,Jr, BSM'81 Damian B. Smith, BSIM '80 Samuel R. Szteinbaum, MSM '84 Daniel W. Voegele, BSIM '78 William F Wittig, MSIA '76 Amy Allison, BSM'81 J.B. Smith, BS (IND ECON) '58 PaulJ, Szych, BSIM'65 Herbert A. Vollmar, Jr, BSIM '66 Bart A. Witlmer, BSM '87 Michael C. Alma, BSIM '69 J.C. Smith, FR Kara S. Talbott, MSIA'91, BS Christopher D. Vollmer, MSM '75 Jeffrey S.Wohlford, BSIM'69 Kimberly D. Smith, BS (ACCT) (ACCT) '91 Larry W, Volz, BSIM '70 JosephJ.Wojdula,BSIM'69 Joseph A. Almasy BSIM '61 '89 Whitney G.Tantleff, MSM'96 Stephen R. Vonderhaar, MSIA '89 MaureenJ.Wolf, MSM'93 Jeffrey C.Alt, MSIA'68 Melvin Smith and Jennifer Go­ Barbara F Tapp, BSM '81 Kathleen E. Wachs, BSM '83 Thomas M. Wolf, MSIA '60 Thomas E. Altergott, BSIM '77 ings-Smith, BSM '83, MSIA '84 Barbara U. Taylor, BSIM '78 Christopher M. Wachter, MSM '77 James W.Wolfe, BSIM'79 AhmetA.Altilar, MSIA'95

lAKrannert 1997-98 ANNUAL REPORT N D DUAL NVESTORS Krannert Contributor's Club

Carol L. Alvarez, BSM '80 Richard D, Belisle, MSIA '94 C. Keith Brock, BSIM '66 Sally J. Cheong, MSM '93 Mark and Michele Davis, BSM Joseph C. Amato,Jr., MSM '75 Kelly L. Bell, BS (ACCT) '95 Eric H. Brodfuhrer, Jr., BS (ECON) EricandJaneChilds,MSM'86, '93, BSM '93 Diane R Amendt, BSM ^79 Lawrence and Joyce Bell, BS (IND '54 MSIA '86 Timothy C. Davis, BSIM '88 Gary G. Anagnostopoulos, BSIM ECON) '62, FR Henry B. Brooks, MSIA '68 Gordon G. ChiUick, BSIM '72 Alfred E. Day PhD '76 '92 MaryAnn Benecke, BSM '87 Leigh E Brooks, MSIA '79 Allan L. Chow, BSM '76 Taffy D. Day BSM '77 Becky L. Anderson, BSM '75 DanielJ. Benefiel,MSL\'58 Christopher A, Brown, BSM '88 Kari E. Christen, BSIM '74 Bmce WDeardorff, BSIM'74 Jerry L. Anderson, BSM '75 KennethJ. Benson, BSIM'66 David W.Brown, BSM'78 Jeffrey R. Christensen, MSHRM Stephen R. Deardorff, BSM '85 K. Eric Anderson, BSIM ^67 Martin A. Bergeron, BSIM '83 Derek Y Brown, BSM'96 '91 Edward N. DeAtley BS (ACCT) '91 Kendra K. Anderson, BS (ACCT) Janet S. Berkemeier, BSIM '82 Jennifer L. Brown, BSM '97 Louis and Joy Chronowski, BSM J. Bmce Deaver, BS (ACCT) '76 '91 Sandra L. Bernard!, BSM '88 Philip E. Brown, BSIM '72 '90, BSM '90 Daniel L. DeBard, MSM '77 Jennifer R. Andres, BSM '97 Andrea G. Berry, BSIM'72 Robert L. Brown, BSIM '65 ChaunceyChu,Jr.,BSIM'67 ArthurJ. DeCamp, BSIM '73 Timothy C. Andres, BSIM '79 Michael B. Berry, BS (ACCT) '88 Ron H. Brown, BSIM '73 Deborah J. Chuma-Applegate, Nancy LDeckard, BSIM'82 Marsha L. Andrews, BSM '82 Michael D. Berry, BSIM '84 Carrie K. Brownfield, BS (ACCT) BSIM "88 Diane C. Decker, BSIM '74 Patti Andrews, BSIM '75 Terri A. Bertrang, BSIM '80 '85 Victor G. Churchward, MSIA '68 Donald E. Decker, BS (IND MarshaA.Angell,BSM'83 Robert E.Bems, BSM'79 MichelleJ. Bruce, BSIM'95 Frank J. Cianchetti, BSM '76 ECON) '57 Henry B. Angle, BS (IND ECON) Timothy D. Bescherer, BSIM '80 Patrick W.Bruno, BSIM'81 Deborah A. Clark, BS (ACCT)'91 Elizabeth R Deehan, BS (ACCT) '52 Wayne Bewley FR Susan L. Bryant, BSM '82 Thomas S. Clark, BSM '72 '87 Michael R. Annable, MSIA ^96 Wayne D. Beyer, BSIM '81 EdwinJ.BuckleyJr,BSIM'85 Cynda R. Clary, MSM '84 Kathryn M. Del Pino, MSIA '79 Shariar Ansari, FR Mark and Christine Bez, BSIM H. Rolland Buell, MSM '67 Scott D. Clegg, MSM '85 Annette L. DeLaCroix, BSIM '80 Robert F Anthis, MSIR '62 '90, BSIM '90 Linda L.Bugher, BSM'80 Peter M.Clyne, BSM'83 James E DeLong, BSIM '68 MaryAnupam, MSM '90 Edward M. Bielski, MSM '76 William H. Bullen, BSIM '78 John M. Coffin, BSM '78 EdwardA. Denker,Jr.,BS(IND Jill I Arldt, BSIM '86 PamelaJ. Biermann, MSM '87 Jon R. Bumbaugh, BSM '80 AlanW.CoghiU,BSM'77 ECON) '60 StevenJ. Amiond, BS (ACCT) '91 RobertJ. Binder, BSM '86 Rosanne F Burge, MSM '89 Robert L. Cohen, BSIM '73 Eric C. Denney BSM '95 WendyJ. Athens, MSIA'87 Deirdre M. Bird, PhD '84 Patrick J. Burke, BSM '87 Mary E. Collyer, BSM '87 Susan E. Denny BSM '97 James F Atkinson, BS (IND LisaA. Birkhimer, BS (ACCT)'90 Betty and S. Owen Burkinshaw, Carlos A. Colon, PhD '84 John Denscombe, MSIA '85 ECON) '63 AlanJ.BimeyMSM'96 FR,FR Kevin M. Comer, BSIM'71 Robert and Kate Denten, BSM PaulAttwaterIl,MSlA'6l Carol L. Bish, BS (ACCT) '88 Laura L. Budingame, BSM '82 David E. Conner, BSM '83 '80, BSM '81 William D. Aust, BSM '77 Edward R. Bisker, BSM '84 Ralph M. Burns, Jr, BSM'74 Joan E. Conner, BSM '76 Jacques M. DesMarteau, BSIM '90 Peter YAverdick, BSM'66 David G.Bivin, PhD'80 Thomas E. Burns III, MSIA '63 James R Connor-Cerezo, BSM '89 WendyJ. Devine, BS (ACCT) '91 Scott and Cherie Axelrod, BSM Ellen A. Blackwood, MSIR'81 David R. Burt, BSM '80 K. Daniel Conquest, BSIM '71 Ryan A. Deweese, BS (ACCT) '90 '85, BSIM '87 ElizabethJ. Blair, BS (ACCT)'95 Craig L. Burton, BSM '92 Christopher H. Cooke, BSIM '70 Cheryl L. DeWitte, BSM '91 ThomasJ. Bach, MSM'85 Harold I). Blair, BS (ACCT) '87 Robert E. Bush, BSIM '71 Bradley M. Coombs, BSM '75 Stephen J. Diagostino, BS (ACCT) Donald T Badgley BSIM '79 Bonnie L. Blake, FR James F Butler, MSIA '73 James F Coon, BSIM '73 '91 Marvin E. Bailey BSIM '70 W. Scott Blakemore, BSM '95 Nathan A. Bye, BSIM '92 Jennifer A. Cooney BSIM'89 Doug R. Dickerhoff, BSM '87 George W.Bak, MSIA'88 Cheryl R. Blakey BSM '79 Ezra U. Byler, BSIM '68 Michael R Cooney BSM '90 Thomas H. Dickey BSIM '82 Peter G.Bakas, BSIM'79 Kelly B. Blanchard, PhD '96 Molly C. Byme, BSM '93 Dawn E. Cooper, MSM '84 Jennifer L. Diebold, BSM '88 David W.Baker, BSIM'65 Kathryn A. Bleikamp, BSIM '85 Julia K. Cabrera, BS (ACCT) '90 John D.Cooper III, BSIM'69 Silvano DiFonzo.Jr, MSHRM '91 DonaldT Baker, BS (ECON)'50 John R Blignaut, MSIA '92 JohnJ. Cain, BSIM'72 Nancy Cooper, BSIM '77 MyraTDill,BSM'82 Sharon E. Baker, BSM '97 Michael F Bloom, BSM '77 Ronald L. Cain, BSIM '68 William L. Coorsh, BSIM '78 Michael C. Dillon, BSM '88 Steven N. Baker, MSIA '78 Joseph E Blum, MSIA '66 Jeffrey A. Calkins, MSIA '84 Harry D. Cope, BS (ECON) '53 Steven M. Dillon, BSIM '67 Nagraj Balakrishnan, PhD '87 Mark E. Blumfelder, MSIA '87 James and E. Suzanne Calvert, Timothy R Corkell, BSM '83 DanielJ. Dippel, BSM'84 J. Richard Balko, BSM '63 Eric R Bobby MSM '94 BSIM '88, BSIM '88 Michael E Comick, BSIM '63 Rosemary A. Dixon, MSM '78 Edward C. Balzano, BSIM '68 Brenda R. Bocek, BS (ACCT) '85 David M. Cambron, BSM '81 Joseph R. Costa, BSIM '75 Allan C. Dome, BSIM '71 StevenJ, Banacka, BSIM'73 Daniel A. Bohl, BSIM '64 Gabriele Camera, FR EmmettJ. Cotter, MSM '68 BrianJ. Donley BSM'92 Cad and Nancy Bandy BSM '77, H.J. Boisseau,Jr„PhD'67 Brian M. Campagna, BSM '87 Donald W. Counsell, BSIM '93 Bmce A. Donoho, BSM '78 BSM '80 William A. Boland, FR Codine D. Campbell, BS (ACCT) StevenJ. Covert, BSIM '73 CourtneyJ. Donovan, BSIM '69 Joseph R. Bankoff, BSIM '67 AlanJ.Bolenbaugh,BS(ECON) '87 Steven L. Cowan, BSM '76 John C.Donovan, MSIA'71 Marc L. Banner, MSM '78 '49 Derek A. Campbell, MSM'89 Todd A. Cox, BSIM'83 Brian R. Doolittle, BSIM '70 Jeffrey J. Bannink, MSM '95 DelynneJ. Bolin, PhD '95 Theodore W. Campbell, BSIM '64 CadL.Crabiel,BSIM'71 Richard G. Doppelfeld, BSM '83 Robert R. Barackman, MSIA '60 Andrew B. Bolles, BSIM '68 Pamela M. Cantu, MSM '96 Stephanie Craft, MSM e98 ShellyA. Doran.BSM'Sl RobertA. Barcinski,BSIM'71 Randall A. Boris, MSM '77 Thomas R. Capps, BSIM '64 Stephen W.Crane, BSIM'69 Gary M. Dore, BSM '80 ChadW.Barden, BSM'95 LisaJ. Borton, BSIM '84 AnthonyJ. Cardinal, BSIM'71 Thomas G. Crane, BSIM "68 Sharon R Dorsey BSM '88 Matthew T Barnes, BSIM'80 William Bosshardt, Jr. and RichardJ. Carlson, BSIM'71 James M. Crew, MSM '70 Patricia M. Douglas, BSIM '80 Henry C. Barnum, MSIA '66 Sharmila Vishwasrao, PhD '91, Charles E. Camiichael, BS (IND Mark E. Crittenden, BSIM '94 Laura A. Downey MSM '97 Jeffrey A. Crow, BSIM'81 James W Barron, PhD '71 PhD'91 ECON) '63 Teresa L. Downing, BS (ACCT) Dora R Bartol, BSM '89 Timothy E. Bovich, MSM '96 Julie E. Camey BSM '84 Thomas H. Crowe, BS (ECON) '58 '89 Joe L. Barton, MSIA '73 Alan E. Bower, BSIM '72 Timothy W, Camey BSM '81 Michelle R. Cmmm, BS (ACCT) Charles F Doyle, MSIA '67 Thomas I). Barton, BSIM'71 Donald D. Bowers, BSIM '68 Kenneth A. Carow, PhD '93 •94 Shirley A. Drake, BS (ACCT) '86 MichaelJ. Bassick, BSM'94 Alfred R Bowles, BS (ECON) '61 Ronald W. Carpenter, MSIR'79 Michael A. Cuellar, BSIM '73 Mark E. Draper, BSIM '73 Allen R. BaLson, BSIM '71 John and Marcia Bowron, BSM Beth A. Casbon, BSM '92 John F Cullen, BSM '78 Bmce C. Duffy, MSIA '67 Jeffrey R.Baumgarth, BSM'91 '79, BSM '80 Julie A. Casebolt, MSM '93 James L. Cummins, BSM '77 Brian M. Dulac, MSM 96 Gregory W.Bayer, MSM'97 David D. Boyd, BSIM '76 Michelle D. Cash, BS (ACCT) '93 Linda II. Cushman, BSM '85 TraqW.DulLBSM'88 Peter J. Bazzel, MSIR '77 Cameron I). Boyer, BS (ACCT) '85 Michael W. Cassidy BSM '93 Anne F CutLs, BSM '83 Drew R. Duncan, BSIM '84 Brenda Beasley-Bennett, BSM '81 James S.Bradford, BSM'81 Jon R Castongia, BSM '89 Robert N. Dahl, BSIM '64 Kenneth A. Dungee, BSM '75 Thomas M. Beck, BSIM '74 Steven S.Bradley MSIA'91 FrankCentofanti,Jr.,BSM'88 Rola F Dajani, BSIM '88 David M. Dunlevy, MSIA '85 Cheryl K. Beck-Ruff, BSM '82 EricH.Brandon,Jr.,BSM'90 PaulaTCerefin,BSM'80 Donald R Dalrymple, BS (IND James E Dunn, BSIM '76 Diane D. Becken, BSIM '85 Donald E.Brazen.Jr, MSM'80 Emily E. Chambers, MSIA '86 ECON) '54 James L. Dunscomb, FR Sally A. Becker, BSM'76 MichaelJ. Brennan, BSM'87 Sau-Lin Chan, MSM '93 Phillip R. Dant, BSIM '63 Bradley T Durst, BSIM 96 David G. Bedel, BSM '76 Brian and Debra Brewer BSIM T Stephen Chan, MSM '90 Mikel 1). Dadand, BSIM '85 AmitavaDutta, PhD'8I Steven R. Bednar, MSM '80 '79, BSM '80 DonaldH. Charleston, BSIM'61 Joseph L. Daubenmier, FR Randy L. Eamhart, BSIM '74 Harry T Begg, MSIA'64 Peter J. Briehl, BSIM '81 Raymond and Julianne Kristi D. Daugherty BSM '91 Andrew E Easton lY BSM '95 R. Gregory Behn, BSIM'69 Steven Y Brier, BSM '74 Charlesworth, BS (ACCT) '88, Donald E. Davidson, BSM '96 Keith R. Eberg, BSM '86 A. Blake Beldon, BSIM '73 Patricia B. Brink, BSM '83 BS (ACCT) '88 Susan M. Davies, BSM '89 Elizabeth A. Eccher, MSIA '89 DonnaJ. Beletic, BSHE '50 Anne L. Broadbridge, BSIM '80 Rodrick H. Chatt, MSIA '59 George M. Davis, BSIM '64 George N.Echko,Jr., MSIR'72

IB Kranneri 1997-98 ANNUAL REPORT I N D DUAL NVESTORS Krannert Contributor's Club

Andrew VEckert, BSIM'79 David E. Foote, BSM '87 J. Michael Granger, BSIM '81 Denise Kingsley Herhusky, BSM Patrick L.Jones, BS (ACCT)'90 Michael and Diane Eckert, BS William A. Forbes,Jr.,BS (IND Kristi D. Grant, BSM '84 '86 Sharon L.Jones, MSIR'80 (ACCT) '86, BSM '87 ECON) '61 Andrew and Marcy Greenberg, Randall A. Heron, PhD '95 Timothy L.Jones, BSM'74 William G. Eckert HI, BSM '77 Mark S. Ford, BSIM '86 MSM '93, MSHRM '92 Lyndon W. Herrstrom, MSIA '72 James R. Jorgensen, BS (ACCT) I.ori C. Eckman, MSHRM '95 Bemadette M. Fomaciari, BSM Kimberly R Greene, BSM '89 Robert T Hesser, BSIM '65 '91 Catherine L. Eckstein, BSIM '79 '81 David M. Grenat, MSM '83 Catherine A. Heston, BSM '86 Todd S.Julian, BSM'96 James R Edwards, BSIM '65 Gary E. Forster, MSM '79 Mark W. Griffin, BSIM'72 R. Aaron Hickman, BSM '97 GregoryA.Jung, BSM'94 PatriciaA. Edwards, BSM'77 Wesley R. Forsythe, BSM '74 Michael L. Griffin, BS (ACCT) '95 Gregory L. Hicks, BSIM '73 Nancy S.Jung, BSIM'87 Ricky L. Eggersman, BSIM '79 Scott M. Forthofer, MSIA '95 Bonnie L. Griffioen, MSM '91 Dixon H.Hill,Jr., MSIA'70 William A.Junkins,Jr., BSIM'68 Michael R. Egolf, MSM '72 Kristy L. Fortlage Messer, BSIM James M. Crimson, BSIM '90 Thomas R. Hill, BSM '84 Jamie S.Just, BSM'85 Troy R. Ehle, BS (ACCT) '93 '91 Elizabeth S. Grocki, BSM '82 Rocio E. Hoerr, BSM '83 TroyW.Justice, BS(ACCT)'88 Eleanor N. Ehresman, BSIM '73 Robert 0. Foster, BS (IND ECON) Gary J. Gross, BSM '87 Robert M. Hofmeister, BSM '86 Robert E. Kaffenberger, BSIM '70 ScottA. Eichenauer, BSM'85 '63 Todd H. Grossman, BSM '87 William W. Hogan, BSM '77 John H. Kagel, PhD '70 Marcella M. Filers, BSM '84 Sheri L. Foust, BSM '92 Michael E. Grove, FR Angela E. Hohenbrink, BS Leonard R Kaiser, BSIM '69 Cad P Einstein, BSIM '70 David L. Fonts, BSM '79 John M. Gmps, MSIA '76 (ACCT) '93 Pallassana Kannan and Al-Mei Colleen R Ellingsworth, BSM '84 Andrew Fox, BSM '80 Gregory A. Grzesk BSIM'73 Patricia J. Holahan, PhD '92 Chang-Kannan, PhD '88, PhD Warren R. Elliott, BSIM '75 Teresa K. Foye, BSIM '84 CaryA.Gunderson, BSIM'70 Nancy S. Holdstein, BSM '80 '88 Richard A. Ellspermann, BSM '75 Wendy S. Francis, BSM '87 Samir Gupta, PhD '95 Gary R. Holland, MSIA '65 MichaelJ. Kapp, BSIM'81 Toby L. Emerson, BSM '86 Rosemary Frazier, FR Douglas Gustafson, MSM '97 MaryA.Hollenback,BSIM'80 Timothy C. Kasper, BSM '78 Murvin S. Enders III, BS (ACCT) Thomas L. Frazier, BSIM '65 Frank M. Gutwein, BSM '89 Cheryl A. Hood, BSM '81 DarrellJ. Katovsich,MSM'77 '86 Neil A. Frederick, MSIA '77 GregoryJ, Gwaltney, BS (ACCT) NancyA. Hopkins, BSIM'81 Robert M, Katowitz, BSIM '72 Richard A. Engel, BSIM'70 Leslie B. Freeland, BSIM '68 '89 RichardJ. Horak, BSIM '73 KendraA. Kaucheck,BSM'92 Paul H. Eninger, BS (IND ECON) Cynthia Freeze, BSIM '84 Christopher W.Haas, BSM'90 Jack L. Homberger, Jr., MSM '96 Timothy J. Kauper, BSIM '68 '61 G. Bmce Freije, BSIM '78 DavidJ. Haase, BSIM '64 Dan Horsky, PhD '74 Christopher R Kearney BS Richard C. Erickson, MSIA '68 WilhamJ. Frey BSIM'62 StephenJ.Hack,Jn,BS(ACCT) Dwayne E. Hostetter, BSM '78 (ACCT) '90 Nort)ertJ. Ertel, BSIM '67 Scott L. Freyberger, BSIM '86 '91 Chades R. Hough, BSIM '70 Jacqueline B. Keams, WAA '75 Dora Espinosa, FR Michael A. Fritton, BSM '90 Eugene L. Hager, MSIA '70 Michael S. Hoyt, MSIA '89 Ruth A. Keefer, BSM'96 Marten S, Estey BS (ECON) '40 LymanJ. Frost, MSIA'70 Kevin F Hahn, BSM '81 Jenny Y Huang, MSM'95 Michael K. Keen, BSIM '86 Susan M. Everett, BSM '84 Lois A. Fugit, MSM '69 Frederic D. Hale, BSIM '87 Michael A. Hubert, BSM '76 James E. Keene, BSM '88 Debra L.Fulcoly BSIM'77 Kerry L. Evoy BSIM '84 Gregory W.HaH, BSIM'85 Janet S. Hudgens, MSM '89 Mary H. Keim, BSM '86 Dennis L. Fulford, BSM '77 Fad E. Exum, MSM '96 Victoria G.HaH, BSM'92 Chades R. Huffman, BSIM '73 Don E. Kelb, BSIM '75 John C. Fuller, BST '88 Kelly L. Faehr, BS (ACCT) '91 Kimbedee D. Hamilton, BSM '95 Daniel J. Huge, BSM'84 Kad N. Kelb, BSM '83 Steven G. Fultz, BSM '81 Elizabeth A, Fairringer, MSIR '84 Marcie A. Hammel, BSIM '80 Ann S. Humphreys, BSM '83 Todd B. Keleher, BSM '80 Daniel S. Gaafar, BSIM '82 RichardJ. Fallon, BSIM '67 Andrea D. Hammond, BSM '89 Julie Hunsaker, PhD '93 Scott M. Keller, BSM '85 Thomas C. Gagen, BSIM '72 Daniel R Farkas, BSIM '63 Christian S. Hankins, BSM '82 Jeffrey R. Hupke, BSIM '90 Douglas and Judith Kellogg, MSM Thomas A. Gallagher, Jr., BS (IND Fredrick R Farkas, BSIM '69 David F Hannum, BSM '74 Laura E. Hurd, BSM '83 '78, MSM '78 James C. Faroh, BSIM '94 ECON) '60 Julianne M. Hansen, MSM '78 Kenton A. Hyde, BSIM '64 Patrick T Kelly BS (IND ECON) Bradley S. Farrar, MSM '94 Jack R. Gambs, MSM '96 Scott G. Hansen, BSM '89 John A. Hynek, BSM '77 '57 Stephen M, Farris, BSM '80 J. Stuart Garbutt, BSIM '67 Brian W. Haraway BSM '80 Anne L. Inman, BS (ACCT) '90 Sean T Kelly BSM '89 Jean K. Faulconer, BSIM '86 David M. Gard, BSIM '76 Kathryn N, Harders, BSIM '90 Paul M. Irwin, BSIM '73 Joan C. Kendall, BSIM '81 Ermal M. Faulkner, MSM '92 Burt R. Garfield, MSIA '95 Karen S. Harding, BSM '92 AlisaA. Isaac, BSIM'84 Kevin C. Kennedy MSM '87 Erin M. Hardtke, BSM '93 William and Jill Faulkner, BSM Gerald D, Garland, MSM '68 Phyllis J. Izant, MSM '97 Mark A. Kennedy BSM '82 Sara B. Harian, MSM '97 '89, BS (ACCT) '88 Shannon K. Gadand, BSM '96 Jennifer J. Jackson, BS (ACCT) '88 Mark D. Kennedy BSIM '72 Peter WHarman, BSIM'61 Laura E. Fehr, BSIM '84 Wayne A. Garrison, BSIM '72 Robert C.Jackson, BSIM'71 Rick E. Kennedy BSM '82 Dennis J. Harrington, BSIM '66 John Feinlerjr, MSIR'64 JamesA.GatmanII,BSIM'66 Ronald C.James, BSIM'70 Thomas H. Kennedy BSIM '68 Theodore A. Gebhard, BSIM '70 Joseph M. Harris, BSM '95 Howard W Feldman, BSIM '68 AllenJ.Jamrose, BSIM'72 James R. Kenward, MSPPPA '86 R. Michael and Julie Geiger, MSM Karen A. Harris, BSIM '92 WilliamJ. Fenn,Jr.,BS (ACCT) Greta A. Janz, MSM'97 David and Kathleen Kerr, BSIM Melvin L. Harris, MSM '72 '95 '93, MSM '93 Lawrence J. Jardine, BSM '80 '79, MSIA '87 J. Steven Harrison, MSIA '68 G. Scott Ferguson, BSIM '73 Susan H. Gensemer, PhD '84 David and Pamela Jarrett, BSM Stephen C. Kestler, BSIM '73 EdwardTHarry,Jr,BSIM'67 Robert C. Ferrero, BSIM '86 Garry B. Gerdom, BSM '75 '75, BSI^ '75 ThomasA.Hartman, BSIM'70 Edwin R. Key BSIM '64 JeffreyA. Fenis, BSM'77 Gary F Gessel, MSIA '78 Robert and Stephanie Jay BS Wendell L. Han^ey BSIM '75 Osman M. Khan, BSIM '97 Bartiara W.Fiedler, BSM'87 Lawrence and Kathleen Giannini, (ACCT) '88, BSM '90 JohnJ. Hasselbring, BSIM'75 William L. Kidney BS (IND Kay Filak, BSIM 71 BSLM '68, MS (EE) '83 RonaldA.Jel.ski, BSIM'75 Jennifer Hatlem-Griebel, BSM '82 ECON) '58 Richard and Katherine Filak, Tamyra L. Gibson, FR Nancy E.Jeneson, BSM'76 Mark R. Ilatley BS (ACCT) '90 J. Bradley Kidwell, MSIA '94 MSIA'70, BSIM 71 Steven N. Ginn, BS (EE) '75 Charles M.Jensen, MSIA'64 G. David Ilaushalter, PhD '96 DonaldW. Kiefer, PhD'72 Nanq R. Filar, BSM '82 DanJ.Gobel,BSIM'8I James D.Jensen, MSM'89 Marilyn Hawkins, BS (ECON) '46 Michael A. Kilpatrick, MSIA '75 PaulaJ. Fines, MSM '94 Gregory E. Goering, PhD '90 J. Scott Hawks, BSM '90 Scott R.Jewell, BSIM'90 Jeffrey and Linda Kimbell, MSM Daniel F Finn VI, BSIM '72 David H. Goff, BSIM '77 WendyS. Haywood, BSM'78 Clifford S.Johnson, BS (ECON) '93, BS (ACCT) '86 John L. Gogel, BSIM '71 LeeA.Firsich,BSIM'94,BS RaulaA. Heagy,BS(ACCT)'90 '60 DebraA. Kinder, BSM'80 Steven A. Goldberg, BSIM '70 (ACCT) '94 Kimbedy A. Heath, BSM '80 EricA.John.sonlH,BSIM'70 Pamela King, BS (ACCT) '93 Daniel R. Goller, BSIM '70 Gary L. Fisher, BSIM '64 Dan M. Heatherson, BSIM '70 Frank A. Johnson, BSIM'84 Ronald E. King, MSM '67 Karen C. Goodman, BS (ACCT) James E. Fisher BS (ACCT) '93 Kenneth E. Heck, BSIM '73 Frederick B. Johnson, Jr, BSIM Christopher C. Kintzele, BS Stephen R. Fisher, MSIA '63 '91 KennethJ. Hedlund, BSM'81 '71 (ACCT) '92 Tiffiny C.Fisher, BSM'96 Timothy L. Goodpaster, BSIM '72 Todd A. Heemsoth, BS (ACCT) '87 Frederick E.Johnson II, BSIM '67 Mary B. Kirkhoff, BS (ACCT) '94 Thomas E Fitch, BSIM '66 Ronald Goodrich, BS (IND Ronald L. Heilman, BSIM '67 Jack N.Johnson, BSIM'65 Kenneth C. Kirkland, Jr, MSIA'66 Michael and Catherine ECON) '62 RoyB.HeimbrockJr,BSIM'84 JolieJ.Johnson, BSM'88 Robert B. Kirsh, MSM '97 Fitzpatrick, BSM '80, BSM '80 Srinath Gopalakrishna, PhD '88 Dean T Heinle, MSIA '77 Mark E.Johnson, BSIM'75 Donald C. Kishi, BSIM '72 Donald K. Flagler, MSM '89 Henry Gosztyla, BSIM '69 William R. Heinrich, MSIA '77 Matthew H.Johnson, BSM'95 Richard W.Kisler, BSIM'70 Kimbedy K. Fleer, BSM '81 John H. Gott, BSM '79 April L. Held, BSM '89 Sharon L.Johason, BSM'80 James S. Kistler, BSM '91 Mark A. Fleischhauer, BSIM '72 Thomas M. Gottfreid, BSIM '83 Gregory K. Henderson, BSIM '77 Allan L.Jones, BSIM'65 Kendra K. Kitchel, MSM '94 Curtiss D. Fletcher, BSIM '71 Debora J. Govert, BSM '86 Walter J, Henderson, MSIA '68 David I). Jones, BS (IND ECON) Donald S. Kitchell, BSM '78 Larry N. Flint, BSIM '82 ArthurW. Graham HI, BSIM'62 Mark H. Henninger, MSIA '96 •60 Charles G.Klapheke HI, BSIM'68 LindaA. Fogle,BSIM'81 GaryA. Graham, BSIM'74 Helen G.Jones, BSIM'87 Chades M. Kleinfehn, BSM '79 Steven L. Foldenauer, BSM '74 Pamela K. Graham, BSIM '78 Kenneth RJones, MSM'82 TimothyJ. Klevar,MSM'89

10Krannert 1997-98 ANNUAL REPORT NDIVIDUAL NVESTORS Krannert Contributor's Club

Jennifer M. Kline, BSM '97 Robert H. Leilich, MSIA '62 Nanq S. Mahon, BSM '80 James and Carolyn McKneight, Gregor Mszar, BSIM '73 Michael A. Klosinski, BSIM '69 Julie M. Lemke, BSM '83 George and Leslie Makovic, BSM BSM '82, BSM '85 Beth R Muchler BSIM '83 Wayne J. Klumpp, MSIA '67 Mark L Lengnick-Hall, PhD '88 '90, BS (ACCT) '90 Linda S. McKnight, BSIM '70 Michael A. Mueller BSIM '69 Kevin and Carol Knight, MSM Anthony B. Lennen, BSM '79 Atis Makstenieks, BS (IND ECON) Susan E McLeod, MSIA '81 ThomasJ. Muench, PhD'65 '80, MSM '80 Beth Y konard, BSM '88 '62 Robert L. McPherron, MSIA '71 James R. Muir BSM '72 John L. Knochel, BAM '65 DanielJ. Leonard, BSIM'71 Bradley J. Manbeck, BSIM '94 Debra H. McPherson, BSM '80 Dennis J. Murphy MSIA '64 R. Rinn Knoepfle, BSM '77 Leslie L. Leopard, BSIM '87 Rene R Manes, PhD '6l Eric L. McShea, MSM '95 Kevin M. Murphy BSM '78 Patricia R. Knoff, MSIR '79 Richard L. Letherman, BSIM '75 D. Peter Maniago, BSIM '86 Gary R. McVay MSIR '81 Mark and Diane Murphy BSM Kenneth R. Knowles, BSM '88 Elmer L. Letts, BSIM '67 Glenn R. Manich, BSIM '70 John R. Means, BSIM '73 '80, BSM '79 MarcA. KnoyBSIM'71 Kevin F Levasseur, MSM '75 David W. Manly MSM'79 Melissa J. Meer, BS (ACCT) '94 Peter B. Murphy MSM '94 Beth A. Knuckles, BSIM '86 Fred D.Levy,Jr.,BS (ECON)'59 H. Ronald Manning, MSIA '64 David C. Mees, MSM '90 Dennis E Murray, BSIM '77 Kenneth and Jennifer Koch, BSM RobertA. Lewis, BSM'74 David A. Manuel, MSM e95 R James Mehalso, BSM'82 James C.Murray HI, BSM'92 '76, BSCFS '92 Susan M. Lewis, BSM '81 John W. Manzelmann, BSM '77 Dennis A. Mehringer,Jr., BSIM '72 Michael G. Musary, BSM '83 Lori M. Koemer, BSM '92 Susan M. Li, BSIM '95 Craig S. Marcott, PhD '83 Ravindra B. Mehta, MSIA '88 Robert 0. Musser BSIM '75 Catherine A. Kolar, BSM '85 Shannon A. Liddell, MSIA '85 Elton D. Marcus, BS (ECON)'54 Bradley R. Meier, BSIM '76 Robert E. Myer, MSIA '66 Julie K. Komnick, BS (ACCT) '88 Michael E. Liesman, BSM '82 RobertJ. Maretsky, BSIM '87 Nanq B. Meiner, BS (ACCT) '86 Brian A. Myers, BSM '83 Frank E.Konicek,BS (ECON)'50 William E. Lightfoot, MSIA '66 LisaA.Margiotta,BS(ACCT)'90 Karen E. Melloch, BSM '83 Daniel G. Myers, BSM '71 Elaine K.Kopka, BSM 71 Rebecca A. Liley BSM'88 H. Albert Margolis, PhD '69 Holly J. Melzer, MSM '80 Frederick G. Myers, BSIM '74 RobertJ. Kopmcki, BSM '77 Steven A. Lillie, BSCFS '79 Robert M. Marie, BSIM '79 Amy L. Mennen, BSM '91 James W.Myers, MSM 71 Roberts. Korman, MSIA'74 E. Richard Lindsey BS (IND Evelyn B. Marinakis, BSM '92 George S. Merchant, MSIA '74 Martin L.Myers,Jr,BS (IND Donald L. Korty, BSIM '67 ECON) '56 Lawrence W. Mariottini, BSIM '65 Randall S. Merle, BSIM '83 ECON) '60 Mark R. Kowal, BSM '95 Brent C.Lindvall, BSM'78 Teresa C. Markley BSM '95 Forrest and Susan Merriam, BSIM Robert B. Nagel, BS (IND ECON) Mark C. Koza, BSM '86 Kenneth R. Link, BSIM '63 Barry R. Marks, PhD '75 '93, BSM '93 •60 Richard I. Kralik, BSM '88 Scott C, Linn, PhD '82 Sean Marquardt, BSM '88 Anthony and Paula Merrill, MSM Rodney 0. Nappier BSIM '69 Matthew and Linda Krathwohl, Walter R Linne, BSIM '65 Elizabeth A. Martin, MSM '87 '90, MSHRM '90 S. Spencer Nassar MSM '85 MSM '90, BS (ACCT) '88 Daniel B. Linville, BSIM '82 James and Elizabeth Martin, Peggy S. Mershon, BSM '85 Steven R. Natenberg, BSIM '72 Christopher G. Kreiler, MSIA '84 Davis C. Lippincott, BSM '75 MSIR '85, MSIR '85 Paul R. Mesing, BSIM '73 Kenton L. Neely BS (ACCT) '76 J. Fritz Kreutzinger, BSIM '75 Stanley J. Lipstadt, MSM '66 Jeffery S. Martin, BSM '77 Kevin and Phyllis Metz, MSM '88, George R. Neher BSM '77 William R. Krieghbaum, BS (IND Mary M. Livingston, BSM '74 Julie M. Martin, BSM '82 BSM '89 RobertJ. Nellemann, BSIM '66 ECON) '51 WilHamM. Livingston, Jr, BSIM KennethJ. Martin, PhD'87 Steven E. Mens, BSM '89 Brenda C. Nelson, BSM '79 Ronald K. Kmger BSM '85 '68 Michael 0. Martin, BSIM '66 Dan W Meyer, MSM '82 Mark R. Nelson, BSIM '81 Barry J. Krumstok, BS (ECON) Laurie M. Lolio, BSIM '82 Perry L. Martin, BSM '90 Joseph D. Meyer, BSM '81 Harold D. Neptune, MSIA '66 '92 J. Thomas Long, BSIM '80 Philip E. Martin, BS (ECON)'55 Lisa M. Micciche, BS (ACCT) '92 Kathryn F Ness, BS (ACCT) '92 JohnE. Kmpin,Jr.,BSIM'64 John R Longhine, BSIM '67 Shalonn Martin, BSIM '70 Daniel L. Milkove, PhD '78 John V Nevers, PhD '72 David C. Krym, MSIA '67 Herman E. Loughmiller, BSIM Troy H.Martin, BSM'95 Craig and Cathy Miller BSIM '79, Amanda D. Newman, BSM '84 Edward Kuc, BSIM '66 '65 Sara J. Mamlli, BSM '78 BSIM '80 James R. Nichol, BS (IND ECON) Barry A. Kuhl, MSM '75 Cecelia Low, MSM '94 David B. Mason, BSIM '66 David T Miller MSHRM '92 '58 Richard T Kulas, MSIA '95 Martin R. Low, BSIM '85 MarkW. Mason, BSIM'66 Kurt A. Miller, BSIM'91 John Y Nichols, BS (IND ECON) Martin D. Kulchin, BSIM '64 Cheryl B. Lozada, BSM '78 Toyzanne K. Mason, BS (ACCT) Peter J. Miller, BSIM '91 '58 Douglas E. Kunnemann, BSM '77 Tom and Valentina Lozanoski, '93 Michael R. Minkler, BSIM '92 John H. Nicolaus, MSIA '94 David B, Kurth, BSM '81 BSM '83, BSM '83 Stephen A. Massey MSL\ '73 Anthony and Katherine Mirabelli, LarryA.Nicolet, BSIM'71 Janet R. Kurtz, BSM '81 Tonja S. Lucchese, BS (ACCT) '89 Keith E. Matasovsky, BSIM '72 BSIM '93, BSM '93 Janice K. Nielsen, BSM '85 WilHamJ. Kusnierz,BSM'92 Timothy C. Luce, MSM '94 Angela M.Mathias, BSM'87 Amy L. Mitchell, BS (ACCT) '93 Ian T Nilson, BS (ACCT) '95 Rae E. Kyriazis, BSIM '85 Richard L. Lucier, MSIR '67 Karen A. Matsushima, BSIM '71 JohnW. Mitchell, Jr., BSIM'77 Lance W.Noble, BSIM'73 Joseph R Labellarte, BSIM '76 Terence and MaryAnn AlsonJ. Matsuura, MSM '85 Luci K. Mitchell, BS (ACCT) '88 Norynne M. Noble, BSM '80 DanielJ. Lachut, BAM'70 Lucterhand, BSIM '73, BSM '77 Mark F Mattison, BSM '79 Chris L. Mitson, BSM '77 Jeffrey N. Noel, MSIA '80 Barbet S. Lamberg, BSM '80 Teresa TLudington, BSM'82 Robert S. Mau, MSIA "93 LisaYMitls,BSIM'88 John C. Noel, BSIM '89 MichaelJ. Lamping, BSM'78 Mary E. Ludt, BSM '87 JohnJ. Maver, BSM'95 Chades K. Mixell, BSM '87 Frederick N. Norman, BSM '74 Todd D. Lancaster, MSIA '96 Richard A. Ludvrig,BS (ACCT) Mark J. May MSIA '93 M. Sandra Moehle, BSM '82 Michael Northington, BSM '77 Steven L. Landis, BSIM '82 '94 Charles A. Mayer, BSIM '71 Joseph E Molnar, MSM '71 ToddA. Nowicki,BSIM'84 Charles C.Lane, BSIM'71 Rodney J. Ludwig, BS (ACCT) '87 Jerrold H. Mayster, BSIM '68 Thomai R Monahan, BSM '77 ElissaA.Nurthen,MSM'91 Bonnie S. Lang, BSM '84 JohnA.Luen>,BSIM'69 Lisa C.Mazzaferro, BSIM'80 TimothyJ. Monger MSPPPA '81 Connie C. O'Brien, BSM '79 JeffreyC.Langston, MSM'91 JohnC. Luhnow,Jr.,BSM'96 Barry E. McCabe, BSM '76 Douglas D. Monroe, MSM '60 DavidW. O'Brien, MSHRM'94 Jane E. Lannan, BSM '81 Nancy R. Lumley BSM '81 James R. McCaffery, BS (IND Cynthia K. Montgomery, BSM '80 Keith C. O'Neil, BSIM '80 John D. Lape, BSIM '83 George R. Lumm, BSM '79 ECON) '51 Michael and Jennifer Montgom­ Herbert M. O'Neill, MSM '70 David H. Laramore, BSIM '68 WilliamJ. Lundstrom, BSIM'65 Edward 0. McCarthy BSIM'61 ery, BS (ME) '88, BSM '88 Dennis and Susan O'Rourke, Victor G. Larson, BSIM '64 LeonardA. Lush,BSM'86 Timothy A. McCaw, BSIM'72 Ted J. Montgomery, BSIM '62 BSIM '79, MSIR '79 Antoine LaSchiazza, FR Paul C. Luttrell, BSIM '69 Jack E. McCormick, BS (ECON) Christopher S. Moore, BSM '94 Sharon M. O'Shaughnessey BS Mark I), Laurent, MSIA '72 James and Beverly Luzadder, '62 Denise S. Moore, BSIM '78 (ACCT) '85 Michael G. Law, MSM '76 BSIM '68, BSIM '68 John B. McCormick, BSIM '73 L. Kent Moore, BSIM '78 Catharine A. Obert-Thom, MSIA Sara E. Law, BSIM '73 Gerald YLyles, MSIA 71 Douglas H. McDonald BSM'91 Terry L. Moore, BSIM '70 '78 William C. Lawless, BSM '80 Deborah A. Lynch, BSM '84 Stuart L. McDougall, BSIM '85 Edward B. Morgan, MSM '94 Kenneth Y Ochi, BSM ^84 Michael T. Lawrence, BSIM '70 Gerald J. Lynch, FR Melinda M. McDowell, BSM '83 Ronald C. Morgan, BSM '77 David M. Odell, BSM ^77 MariaJ. Layman, BS (ACCT) '88 Steven D. Lyon, BSIM '74 Scott J. McDurmon, BSM '93 Christopher J. Morgen, MSM '96 A.shurS.0dishoo,BSIM^91 Jeffrey E. Leach, BSM '78 Donald E.Lyons, MSIR'61 Susan S. McElwain, BSM '87 Mark M. Moriarty, PhD '73 Brian D. Oldham, BSM '88 MichaelJ. I^ahy BSIM'69 Elizabeth A. Lyons, BSM '84 Roger A. McEowen, BSM '86 Glen Y Moribe, BSM '76 Susan M. Ondas, BSM '86 Mark and Mario Leaman, MSIA Jennifer Y Lyons, BS (ACCT)'85 Dennis L. McFadden, MSIA '77 JohnR. Morris, Jr, PhD'66 JamesE. Orkins,Jr., BSIM'95 '91, BSM'90 Bonnie M. MacDonald, BSM '92 Michael A. McGuire, BSM '74 Judith M. Morris, BS (ACCT) '94 Paul A. Osbom, BSIM '77 WilliamJ. I/iblanc, BSM'82 Frank R Machulis, BSIM '72 Timothy A. McGuire, MSM '73 WilliamJ. Morrow,Jr., MSM'79 David S. Ostheimer BS (ACCT) AndrewG.I^, BSM'95 John A. Mackey MSIA'57 Jennifer A. Mclver, BSM '96 Tme B. Morse, BSIM '79 '89 Stephen R. I^e, BSIM '68 David M. MacKool, MSIA '76 Anthony W.McKenna, MSIA'75 Edward C. Moser, BSIM '78 Douglas K. Osthimer BSIM '81 PatriciaA. I^er, BSM'77 Michael and Valerie Maclean, BS Charles L. McKinney BSIM '84 Harold E. Moses, BSIM '67 John A. Overholt, BSM '78 SusanJ. I^febure, BSIM'80 (ACCT) '87, BS (ACCT) '87 Dennis K. McKinney BSIM '72 William D. Moss, BSM '81 Eric S. Pachapa, BSM '96 Robert M. I^ehnen, BS (ACCT) '86 MaryA.MadilLBSM'82 Betty J. Moy BS (ACCT) '92 David A. Raff, BS (ACCT)'84

nKrannert 1997-98 ANNUAL REPORT INDIVIDUAL NVESTORS Krannert Contributor's Club

Michael E, Pahud, MSM '88 Derk E Pronger, BS (ACCT) '91 Carol E Rush, BSIM '70 Leah B. Siffringer, BSM '89 Russell A. Stone, BSIM '67 Richard and Donna Palacios, BS Stephen W. Pmitt, BSM '79 David L. Russell, MSM '80 KendrickJ. Simila, MSIA '68 David H. Stowe, BSIM '89 (IND ECON) '57, MSS '59 AliceJ. Purdy MSIA'86 David N.Rutila, MSM'76 Joseph R Simmons, Sr, MSIA '84 Pamela R Stram, BSM '81 Donald and Carolyn Palmer, BSM HansW. Puschel,BSM'79 PamelaJ. Rutkowski, BSM '80 Bmce E. Sing, MSIA '80 WilliamJ. Strange, BSIM'72 '75, BSM '82 Joel J. Putnam, BSM '83 WilliamJ. Ryan, BS (ACCT)'90 John T Skidmore, BSIM '68 Brian R. Strickler, BSM '84 Donald A. Panek, BSIM '64 Robert B. Puyear, MSM '67 Estacio G. Sa, MSM '96 David and Anne Skinner, BSIM KennethJ. Striebel, BSM'65 Dennis D. Panke, BSIM ^72 Margaret H. Quillen, MSM '86 Robert Sadofsky, MSIA '64 '88, BSM '89 Bradley R. Strock, MSM '88 Ramesh R Pant, MSIA '63 D. Mark Quimby MSM '79 Dean A. Sager, BSIM '87 Karin B. Slagal, BSM '82 Richard K, Strouse, BSIM '73 Harry Papadakis, BSIM '71 Walter H. Quinn, BSM'91 Ronald R Salkie, BSIM '89 Mark R Slauson, BSM '82 Denise C. Stuart, BSM '84 Ronald R. Papke, BAM '65 Thomas and Mary Radle, BS (IE) WilliamJ. Salske, BSIM'70 Julie M. Slavens, BSIM '82 Patricia L. Sullivan, BSM '89 ChadesJ. Pardo,BSIM'89 '86, BSM '86 JohnW Salter, BSIM'83 Gerald M. Slein, BSM '79 Robert N. Supple, MSIA '60 Robert M. Parker Jr, BSIM'69 Douglas R. Radtke, MSIA '72 MichaelJ. Saltzman, BSIM'67 William W.Slemmons, BSIM'61 Jerry J. Surbey MSIA '76 Bmce G. Parkinson, MSIR '78 Indrajeet Rai, BSM '90 Nicholas J. Samanich, MSIA '82 William and Kathleen Slone, George M. Surface, BSM '74 Kathy Parkison, PhD '94 Geetha R Rajan, BSM '95 Lynda D. Sampson-Gray BSIM BSIM '74, BS (ACCT) '74 Karen M. Susemichel, BSM '84 Nanq S. Parkman, BS (ACCT) Arthurs. Rakestraw,Jr., BS (IND '70 Scott H. Smale, BSM '75 James L. Suter MSM '97 '91 ECON) ^54 Charles R. Sanchelli, BSIM '73 WilliamJ. Smalley BSM'77 James R.Sutter, Jr., BSM'78 Neelam Y Patel, BSM'91 Gerald D.Ramsey MSM 71 Herman R. Sanders, MSIA '70 Robert D. Smeltz, BS (ACCT) '93 TomJ. Sutton, MSIR'75 Richard R Ratemiti, MSIR '56 Lisa C. Ramsey MSIA '87 Richard C. Sanders, BSM '90 Carole W. Smith, BSM '88 James D. Swager, MSIA '75 lainW. Paterson,Jr.,BSM'75 Neal L. Ramsey BSIM '75 Alex Savas, FR David M. Smith, BS (ACCT) '84 EmilyA.Swaim,BSIM'97 Richard R. Patrick, MSM '90 L. Ellen Rantz, MSM ^83 Phillip and K. Lynn Scaletta, Debra L. Smith, BSIM '79 Andrew WSwallender, BSM'93 Marsha H. Patterson, MSIA '77 JohnW. Rausch, BSIM ^69 MSIA '72, BSIM '72 J.E.Smith,Jr.,PhD'69 John A. Swanson, MSIA '6I Gregory S. Paul, MSM '83 Kelly M. Rawlings, FR Laura A. Scavone, BSIM '82 LarryJ. Smith, BSIM '68 Leo M. Sweeney Jr., MSIA '65 Heather J. Paulin, FR LeoS. Rayl,Jr.,MSIA'59 Lisa B. Schafer, BSM '86 Mark L. Smith, MSIA '90 Lawrence B. Sweding, MSIA '66 John T Pauwels, BSIM '74 John M. Redmond, BSM '78 John M. Schattyn, MSIA '66 Mary R. Smith, BSM '80 John E. Swisher, BSIM '69 Kristen E. Pavelka, BSM '95 Thomas A. Reeder BSIM '72 William B. Scheessele, BSIM '69 Patricia C. Smith, FR Claudia K. Sydoriak, BSIM '78 WilliamJ. Payton,Jr, MSM'84 Amanda J. Rehm, BSM '93 KevinJ.ScheidMSIA'86 Reginald C.Smith, Jr., BS ThomasJ. Szczepanski, BSM '80 JackA. Pearson, BS (ECON)'57 Thomas H. Reichart, BSIM '69 John D. Schenk, BSM '86 (ECON) '50 Marilyn E. Szymaszek, MSM '67 Lori E. Pekala, BSIM '81 Julie A. Reimers, BSM '85 Gregory E. Schiffli, MSM '94 W. Alexander Smith, BSM '90 TedTammearu, BSIM'6l D.Joseph Pell, BSM'81 Traq L. Reising, BSM '84 Thomas D. Schiltz, BSM '95 Mary E. Snow, BSM '82 Joseph L. Tang, MSIA '83 Donald B. Pellegrini, BSM '79 Jill E. Reitmeyer BSM '79 David E. Schimmelpfennig, BSIM William C. Snyder, BSIM '72 Kwei Tang, PhD '84 Robert W. Peo, BSM '79 Joseph R Renzetti, MSM '94 '81 TimothyJ. Soldner, BSIM '74 Randall W Taseff, BSIM '80 Thomas C. Perrone, BSIM '70 Nicholas R. Repke, MSIA '57 Charles H. Schlehuser, BSIM e66 Michael D. Solma, BSIM '70 Paul L. Taylor, BSIM ^64 Kristy L. Perry, BSM '81 Lizanne Reynolds, BSM '86 Henry E, Schlenker MSIA '68 PaulaJ. Solms-Borst, BSIM '80 Veronica R. Taylor BSIM ^84 Anthony and Jennifer Pescatore, Robert B, Rhoda, BSM '77 Kurtis L. Schleter, BSIM '91 Becky J. Sondgeroth, BS (ACCT) Kimberly A. Teeters, MSM'97 BS (ACCT)'91, BSM'92 James R. Rice, BS (ACCT) '88 Michael W. Schmitt, BSM '74 '89 John W Tellman, BAM '65 Lynn E. Petersburg, MSPPPA '80 William E. Rice, BS (IND ECON) C. William Schnackel, BSIM '71 John A. Sorrentino, Jr., PhD '73 Roberta L. Terpstra, MSM '77 Kyle L. Peterson, BSIM '83 '63 Julia K. Schock-kahy BSM '90 William R. Soukup, PhD '79 Arthur B. Terry, BSIM '84 Timothy R Retro, BSM '76 William T Rice, BSIM '70 W Dennis Schultz, BSIM '68 William R. Soulen, BS (ECON) B. Kevin Tevault, MSM '97 Steven D. Phallen, BSM '90 BrianJ. Richter MSM'70 JanetA. SchweikherBSM'83 •51 John L. Tharpe, BSM '78 Steven B. Pham, BSIM '95 Stephen R Ridgway BSIM '72 Carol F Scott, BSIM '79 Gail A. South, MSIA '84 Roberta M. Tharpe, BS (ACCT) James D. Phillips, BSIM '62 AlbertJ.Rieger,Jr,MSM'73 Maura L. Scott, MSM '95 Alan D. Sowers, BSIM '72 '91 Jennifer M. Phillips, BSM '88 James F Riehle, BS (ECON) '57 William E. Scott, BSIM '84 Mark J. Spada, MSIA '80 Jefferey L. Thatcher, BSIM '69 Kaia L. Phillis, MSM '85 Mary K. Riggs, BS (ACCT) '88 Melissa L. Sebastian, BSM '89 Gary W Sparks, BSIM'71 Thomas C. Theiler MSIA '59 Ronald S. Pinkerton, BSIM '70 Lynn E. Rihn, BSM '79 Pamela S. Seddelmeyer BSM '79 Kristine D. Spears, BSIM '92 Richard R Theroux, PhD '85 Elizabeth L. Pitts, BS (ACCT) '87 Joseph ERileyJr, BSIM'67 Veme P Seehausen, BSM '68 Jennifer A. Spesard, BS (ACCT) Donald L. Thomas, BSIM '78 Thomas D. Pitzer MSIA '62 MichaelJ. Ring, MSM'95 Steven and Amy Seifried, BSM •86 Eric G. Thomas, BSIM '81 DanielJ. Pizarek, MSIA'86 Kimbedy S. Risk, BSCFS '89 '89, BSM '89 Emil E. Spillman, BSM '79 J. Speed Thomas, MSIA'61 RenaJ. Pizzagoni, BS (ACCT) '86 Glenna G. Roach, BSM '79 Kenneth E Seipel, MSIA '62 AlanJ. SpindlerBSIM'82 JeffryA.Thomas, BSM'75 Patricia E. Plack, BSM '81 Carrie L. Roberts, BS (ACCT) '96 MichaelJ. Sellers, BSIM'79 Richard H. Sprague, BSM '77 Jerome L. Thomas, MSIA '66 C. Lawrence Plank, BSIM '67 Dawn I). Roberts, BS (ACCT) '89 Renee E. Selman, BSIM '84 Kenneth E, Sprong, BSM '81 Raymond Y Thomas, BSIM '64 Karen R. Plasterer BSM '82 LindaW Roberts, BSIM'72 Kim Sermersheim, BSIM '74 M. Franklin and Deborah Tracy W.Thomas, MSM'97 Howard R. Pletcher MSIA '67 Randal G. Roberts, BSIM '76 Donald E. Sever, Jr, BSIM'67 Squires, BSM '86, BSM "86 James F Thompson, BSIM '75 Alexanders. Poladian, BS Steven M. Robinson, BSIM '91 Douglas L. Seward, BSM '76 RobertD. Sr Louis, Jr, PhD'72 Stuart K. Thompson, MSM '90 (ACCT) '95 Edward L. Rodriguez, BSM '90 David C. Shadle, MSM '92 RobertJ. Stachon, BSIM '71 William H. Thompson, BSIM '68 DonaldA.Policky II, MSM'93 JackA. Roettinger BSIM'69 Jean and Michael Shahnasarian, Thomas E. Stackpole, BSM '74 Robert M. Tiedt, BSM '76 Ruthi G. Pollak, BSM '78 Jennifer K. Rogers, MSM '96 BSM'81,FR Martha R. Staky, BSIM '81 John M. Tiemey BSM '75 David R. Pollock, MSIA '76 Kelly D, Roggenkamp, BSIM '81 Jerry L Sharp, BSIM'71 Susan M. Stalcup, BS (ACCT) '87 Thomas G. Tiemey BSM '80 Thomas and Ann Poole, BSIM James A. Rohleder MSIA '79 Kenneth L. Sharp, MSIA '60 Kenneth L. Stanley PhD '78 Jay S. Timmons, BSM '89 '83, BSM '84 Susan K. Rohr BSM '78 Stephen G. Sharp, BSM '86 John D. Stark, BSIM '66 Douglas A. Tirmenstein, BSIM '77 Richard L. Pope, MSIA '63 Jeffrey B. Rolland, BSM '87 Thomas G. Sharp, BSIM '80 liionard R. Stark, BSIM '69 Brian K, Tolliver BSIM '90 Craig S, Poppe, BSIM '72 Ronald W Rooze, BSIM '67 JamesE. Shaw II, BSIM'84 Paul L. Stark, BSIM '94 David H. Tolly BSIM '72 Terry L, Poppleton, BSIM '66 Albert R. Rosendahl, Jr, BSIM '66 Timothy M. Sheehan, BSIM '66 DeannaJ. Steen, BSM '88 Timothy T Tomasic, BS (ACCT) Jorge A, Portales, BSIM '96 Kirk D. Ross, BSIM '90 Lisa V Sheets, BSM '88 Elizabeth E. Steger MSIA '87 '85 Jeffreys. Portman, BSIM 676 Robert FRossiterJr., BSM'78 Kim M. Sheldon, BSM '76 Amy S. Stein, BSM '91 Michael A. Tomlinson, BS (ACCT) C, Paul Posthauer BS (IND John F Rothring, BSIM '68 Pauline YShen, MSM e91 James A. Stein, BS (ACCT)'91 '92 ECON) '60 Lisa M. Rowan, BSM '89 James G. Sheperd, MSIA '72 Mary E. Stepanich, PhD '86 RichardA.TowerJr,BS(IND LoriJ. Powers, BSM'88 Daniel and Vicki Rowe, BSM '91, Lester M. Sherry, MSIA '90 David A. Sterenfeld, BSM '78 ECON) '60 Kathleen R Royar BSM '81 BS (ACCT) '91 Debra L. Shields, BSIM '72 Kathy C. Stevens, PhD '80 Alan T Toyomura, BSIM '90 Joel A. Prah, MSM '90 Edward D. Royal, BSIM '67 MitchellJ, ShivelyBSlM'82 Kevin H. Stevenson, BSIM '84 Jeff L.Trafican,BS (ACCT)'93 ClarkeB. Priest, BSIM'71 Russell E. Ruebensaal, BSIM '70 Christy A, Short, BSU '96 Sarah E. Stiene, BSIM '86 Timmy M. Tremper, BSIM '73 Thomas and C. Suzanne Elizabeth B. Rulli, MSM '97 Thomas H. Shorter BSM '79 ArthurJ. Stippler BS (ECON) '50 Anne M, Trent, BSM '83 Primavera, BSM '80, BSM '80 Gregory W Ruminski, BSM '96 David W. Shunk, BSIM '69 William L. Stobbart, MSIA '75 Kathleen T Treptow, MSIA '77 AmyZ. ProeglerBSIM'79 Dale A. Rumple, BSM '78 HowardJ. Sickert, BS (ECON) '53 Lisa L. Stoll, BSIM '79 David R. Trerotola, MSM '94 Ann A. Runner, BS (ACCT) '87 Donald L. Stoltz, MSIA '60

IB Krannert 1997-98 ANNUAL REPORT NDIVIDUAL INVESTORS Krannert Contributor's Club

Elizabeth C. Trifelos, MSHRM '91 James W.Wells, MSM ^96 Leslie N. Yewell, MSIR '81 Stephen R Zahn, BSIM '75 Morgan S. Zimmer BS (ACCT) Gregory L. Triplett, MSIA '72 Benjamin and Joy Wenberg, BSM Richard A. Youchak, MSIA'77 Jeffrey C. Zaloudek, MSM '75 •88 Richard FTrombley BSIM'71 '93, BSM '93 Robert H. Young, BS (ACCT)'94 Laurie L. Zaucha, MSM '93 Todd T Zimmerman, BS (ACCT) Richard F Trowbridge, BS (IND David C. Wendt, BSIM'73 Melvin and Eleanor Youngblood, Lois A. Zebus, MSIR'75 •90 ECON) '59 David E. Wene, BSIM '78 FR, FR Lee H. Zechiel, BSIM '69 Jack B. Zimmermann, MSIA '70 John T Tschirhart, PhD '75 William E. Wenner BSIM '73 You-Jean C. Yu, MSM '84 RichardJ. Zich, BSM '95 Lynn D. Zmyslo, BSIM '84 Jeffrey L.Tlicker BSIM'89 William H. Wemiuth, BSIM '78 Jennifer S.Yuill,BS (ACCT)'90 MichaelJ. Ziegler MSIA ^75 George E. Zobel, BSM '77 Meghan E. Tlirley MSHRM '90 Michael E. Werner MSIA '89 ChudarYuvarajan, MSM '97 Vincent C. Zullo, BSIM '86 Greg TYirner, BSIM '90 Thomas R.Wert, BSIM 71 DeborahJ.'I\]takBSM'74 DanielJ. Wesolowski, BSIM'80 Steven W. Tyler BSM '74 David R. Westerbeck, BSIM '83 Intra-Firm Companies SaraA.Urberg,MSM'96 Larry R. WetLschurack, MSM '92 Jeffrey R. Usher, BSM '77 Stephen M. White, MSIA ^77 and Coordinators Allen E Utterback II, BS (ACCT) ThomasJ. White, BSIM'65 Intra-Firm Companies and Coordinators volunteered their time Ingersoll-Rand '92 Larry K. Whitehead, BSIM '77 and resources to encourage Krannert alumni at their firms to Lori Suomela, MSHRM '94 Gregory R Vale, BS (ACCT) '91 TomW.WhitneyJr.,BSIM'64 participate in the annual fund. The following alumni provided Mark J. Valponi, BSIM '74 BettinaWhyte,BSIM'71 ITT John C. Van Hoy BSIM '66 Jon D. Wichser MSIA '86 leadership that generated $141,226 in alumni gifts with an additional Gary Lehman, BSIM '74 David R. Vance, BSIM '69 Kathryn E. Wick, BSM '83 $160,331 in anticipated matching gifts. Ellen M. Yandelaarschot, BSM '75 DeborahJ. Wiegand BSM'82 Kimberly-Clark Michael D. Vanderspool, BSM '87 Emest B. Wiggins, BSIM '72 AT&T Delco Electronics Karen Gehrke, BSIM '82 DanielJ. YanHoosier BSM e84 ScottA.Wilhoite,BSIM'85 Cheryl Melchior MSM '89 James Franchville, MSIA '89 Randall L. VanVuren, MSIA '90 James LWilLjr, BSM'80 Lockheed Martin Deloitte & Touche John H. Yaught, MSIA ^75 Brian K. Williams, BSM '91 Abbott Laboratories Bradleyjacobs, MSIA'80 Lisa Shuler BS (ACCT) '97 Phyllis A. Veach, MSM '97 Chades S. Williams, BSM '88 Gordon K. Rains, MSIA '60 Lucent Technologies Richard 0. Yeirs, BSIM '82 Eric M. Williams, BSM '87 Air Products and Chemicals Dow Chemical Company Cheryl Melchior MSM '89 Matthew B. Yeldman, BSLM '80 Kimberly A. Williams, BS (ACCT) Cliff Reese, MSIA'80 Dale Schultz, MSIA '70 Gregory R Velisek, BSIM '85 '93 Mobil Oil Lynn M, Vertacnik, BSIM '90 Mark and Karen Williams, BSIM Allegiance Healthcare Dun & Bradstreet David Bulfin, MSIA'71 DanielJ. Yessely BSIM'74 '82, BSM '82 Thomas Cork, MSIA '80 Christine Conrad Simons, BSIM 1\Tone Yee, MSM '78 Amy and Kenneth Yiellieu, BSIM Myron R. Williams, MSIA '68 '81 '81, FR Peter H. Williams, BSIM '72 AlliedSignal NBD Financial Richard C. Vignos, MSM '78 Ralph W Williams, BS(ATR)'58 Kathryn McLagan, MSHRM '94 DuPont Andrew O'Donnell. MSM'75 Heather B.Villeme,BS (ACCT) Ronald H. Williams, BSIM "70 David Bedien, BSIM '72 '90 Raymond A. Willson, MSIA '79 Allison Transmission NCR Joseph M. Visnyak, BSM '72 DanielJ. Wilson, BS (ACCT)'86 Thomas Gallagher BSM '89 Electronic Data Systems Cheryl Melchior MSM '89 Richard T Vogley BSIM '69 Hilary M. Wilson, MSIA '83 Randal Reznik, BSIM '83 Allstate Insurance Company PPG Industries CadandJuliaVoigt,BSlM'82, Kent D. Wilson, BSM '90 Steven Hoffmeyer BSIM '86 Eli Lilly and Company Gavin Sinclair. BSIM '83 Todd and Susan Wilson, BS BSM '83 Julia Hipps, BSM '79 John F Yolk, BSIM '75 (ACCT) '87, BSM '83 American United Life Price Waterhouse Vickie L. Wilson, MSM '75 Sarah A. Wadsworth, BSIM '91 Insurance Company Ernst & Young Denis Picard, MSM '84 Martin E, Wagner BSM '84 Jeffrey S. Windlow, BSM ^76 Kimbedy Stegemiller BSIM '86 Kathy Smith, BSM '83 Martin J. Wagner MSIA'78 John Winegardner and Andrea Scott Sorensen, BS (ACCT)'88 Procter & Gamble William G. Wagner MSIA '70 Dellinger-Winegardner BSM Ameritech Valarie Shcppard. MSIA '86 Peter F Wagoner, BSIM'61 '90, BAIA '90 Paul Y LaSchiazza, BSIM '79 Exxon Mark 1. Waldman, MSM '85 William and Martha Wingate, BS Matthew Aguiar MSIA'80 Salomon Smith Barney John W. Walker, BSM '82 (ACCT) '87, BSM '87 Amoco Ross Richards, BSM '80 Lon E. Walker BS (IND ECON) Robert D. Winkeljohn, MSM '97 Carson Schuler MSIA '67 Ford Sara Lee '52 Sonia D. Winslett, MSM '76 Don Harber MSM '93 Janice Auch, BSM '81) Woodrow W. Wall HI, MSHRM '96 Daniel R. Wiseman, BSIM '69 Arthur Andersen and John Maloney BSIM '83 Kimbedy J. Walter BSIM '84 Roger WWoidtke, BSIM'65 Andersen Consulting General Electric Square D Ead K. Ward, MSM '77 Nancy G. Wojcik, BSM '80 Robert Buehler BSIE '91 Constantina Linardakis, MSM '88 Stephen Little, BSIM '70 Don G. Warden, PhD '90 Suzanne C. Wolf, BSM '85 Armstrong World Robert A. Wargin, BSM '94 Amy R Wolfe, BS (ACCT) '89 General Mills TRW Industries Arthur K.Wadow, BSIM 71 Doughis D. Wolfmm, BSM '79 Gary Naab, BSIM '67 Gerald Thomas, BSIM '78 Craig A. Warner BSM '92 Elizabeth A. Wolszon, BSM '76 Stephen Woodward, BSIM '70 Philip H. Warrick, MSIA '78 Chades R. Wolter BS (ACCT) '75 General Motors Unisys Banc One Corporation Sandra L. Washburn, BSM '80 Michael R. Wood, BS (ACCT) ^90 Geoffrey Boling, BSIM '70 William A. Maclean,Jr, BSIM 71 Windsor Smyser.Jr, BSIM'76 William W. Watkins, Jr., MSIA '63 Robert R Woods, BSM '79 James Franchville, MSL\ '89 United Airlines Gloria R WatLs-Jones, FR Kenneth Woolling,Jr, MSM'79 Baxter Intemational GTE Dan Wiseman, BSIM '69 Yem E. Webbs, BS (ACCT) '86 Tracy E. Woolsey BSM '96 G. Dewey Martinelli, BSM '88 Richard R.Webeck,Jr, MSM'97 Everett M. Woosley BSIM '69 Donna Beland, MSM '87 United Technologies Alan W Weber BSIM '84 PaulA.WrayBSlM71 Bristol-Myers Squibb Hewlett-Packard Strother Brann, MSM '93 MarkJ, Weber BS (ACCT)'92 Molly J. Wrenn, BSIM '94 Steve Betulius, BSIM '78 Lawrence C. Cattran, MSIA '73 TerryW.WedgewoodBSIM'71 Bmce T Wright, BSIM'63 Whirlpool BethA.Weghorst, BSM'91 StephenJ. Wright, BSIM'66 Clorox Company Hillenbrand Industries David Griggs, MSHRM '92 William E. Wehrs, PhD '72 Melanie S. Wroblewski, BS Janet Hudgens, MSM '89 Bradley Strock, MSM '88 Gregory I). Weimer BSM '75 (ACCT) '95 3M Coopers & Lybrand Glen D. Weinbaum, MSIR '81 DavidJ. Wunar BSM '90 Household International Gary Griswold, MSIA '68 Deborahjohnson, BSM^SO W John Weinhardt, MSIA'73 Robert Yackish, BSIM'64 Barbara Wing, BSIM 74 Kerry M. Weis, BSIM ^72 LeoJ. Yager MSIA'59 Crowe Chizek and Company Jerry L. Weisenauer BS (IND IBM Robert S.Yates,Jr, BSE'62 Eli Ybarra, BSIM '92 ECON) '59 EliasC.Ybarra,BSIM'92 Steve Susemichel, MSIA '72

19Krannert 1997-98 ANNUAL REPORT Matching Gift Companies and Donors

Krannert appreciates the multiply­ A.E. Staley Manufacturing Lisa R. Hreno-Parke, BSIM '86 Nancy Moore, BSIM'88 AMSTED Industries ing effects created by the generos­ Company Douglas E.Jensen, MSIA '69 Kimberly A. Stegemiller BSIM '86 Foundation David L. Grider BSIM '73 Christopher W. Koenig, MSM '93 Kathryn E Ness, BSM '92 ity of corporations and Ameritech Foundation DavidW. O'Brien, MSM '94 Michael H. Ohaver BSIM '67 foundations that match employee Aearo Company DavidJ. Salter MSM '94 Barbara K. Armstrong, BSIM '72 gifts to the annual fund. Matching Gregory D. Miley BSIM '76 Marvin E. Bailey BSIM '70 Anchor Advanced Products Allmerica Financial John W Bevelhimer MSIA '67 gifts from companies and their Inc. Aeroquip Vickers Charitable Foundation Inc. RobertJ. Costello, BSIM '80 foundations totaled $297,295 Francis H. Olmstead, MSIA '62 Foundation Jeffrq A. Stensland BSIM'77 Donald D. Counsell, BSIM '68 during the 1997-98 annual Scott Pharis, BSM '89 CadL.CrabieLBSIM'71 Andersen Consulting fund year, a 5-9 percent increase Allstate Foundation Karin A. Davis, BSIM '80 Foundation Aetna Foundation Inc. Debra A. Gallo, BSIM'82 over 1996-97. Lucky G. Deck, BSIM '67 Laura M. Alexander BSM '85 Craig R. Boms, BSIM '72 Steven L. Hoffmeyer BSIM '86 Patrick A. Donka, BSM'87 The names of matching gift Raul E. Alvarado-Faarup, MSIA JuliaM. Gumina, MSM '94 PatrickA. McGivney BSIM'75 Jeffrey K. Dorsey BSIM '84 '74 companies and foundations Kristin E. Kidd, BSM '88 Linda M. Roberts, BSIM '72 John B. Fezi, BSIM '69 Thomas E. Arenberg, MSIA '75 include those from which the David M. Smith, BSM '84 Catherine A. Waite, BSIM'82 Richard H. Gilbert, BSIM '78 Kenneth R Bergren, BSIM '74 lO-annert School received match­ Harry C. Timmerman, BSIM '69 Douglas B. Welch, MSIA '86 Samuel A. Gooding, PhD '83 JamesJ. Bems, BSIM '75 Mary L. Heinold, MSM '88 Anne H. Bronson, BSIM '85 ing gift funds during the 1997-98 Air Products Foundation Alltrista Corporation Klaus R. Heise, BSIM '65 William C. Brown, MSIA '86 annual fund year The donors Melanie A. Chaney MSM '87 Thomas H. Reichart, BSIM '69 William H. Hunt, MSIA '70 Susan B. Butler BSIM '65 Noshir F Chinoy MSIA '73 recognized are those for whom Robert D.Jochum, MSIA'65 Jack L. Butts, BSIM '62 John Eng, MSM '92 Alza Corporation Krannert received a matching Cathy J. Kane, MSM '70 Kevin E. Conerton, MSM '80 Robert E. Gadomski, MSIA '70 Kathryn M.e. Del Pino, MSIA '79 Paul Y La Schiazza, BSIM'79 Terri S. Cooper BSM '89 gift during the July 1, 1997, William R. Gedach, BSIM '87 Amcast Industrial Michael T Lawrence, BSIM '70 DonaldW. Counsell, BSIM'93 through June 30, 1998, annual Jeffrey E Glajch, MSIA '88 Foundation Gregory W. Miller BSM '80 David A. Crow, MSIA '75 fundyear. Marc S. Hochman, MSM '93 Susan K. Mills, BSIM '71 Jennifer L. Diebold, BSM '88 Thomas F Kasline, MSIA '66 William G. Roth, MSIA '6I John E. Mohr BSIM '75 William W Donohoe, MSM '88 Abbott Laboratories Fund Dean D. Marble, MSM '89 Amerada Hess Corporation Donald L. Norman, BSIM '72 Debra K. Dunnewold, BSM '86 Aaron D. Berkman, MSM '88 Michael G. McAuley MSM '87 Richard K. Obrecht, BSIM '67 Walter A. Owens, BSIM'65 Jeffrey L. Eglen, BSIM '84 Steven M. Blackbum, MSIA '84 Daniel L. Nettina, MSM '83 Michael K. Poor BSIM '78 Stephen L. Farmer BSIM '73 Molly C. Byme, BSM '93 DonaldJ. Orr, MSIA '65 American Electric Power Lisa E. Puckett, BSIM '84 John E Ferguson, BSIM '86 Michael D. Cassady BSIM '84 Robert LPiester MSIA 71 Company Inc. Russell E. Ruebensaal, BSIM '70 Walter J. Fischer MSIA '71 Mark A. Dewart, MSIA '76 Craig S. Reber MSIA '75 Glenn E. Beebe, MSM '73 Nilesh Saha, MSM '84 Joe W Forehand, MSIA '72 Tamara L. Foster MSIA '90 Clifford 0. Reese, MSIA '80 Danny L. Case, BSIM '78 Veronica R. Taylor BSIM '84 Stuart K. Gilchrist, BSM '85 Thomas S. Glover BSIM '83 Beth S. Schroeder MSM '91 Dee W.Terrell, MSIA'61 James E. Hayes, BSIM '84 Andrew M. Goodman, BSM '94 Douglas Troughton, MSM '89 American Express John E. Thoman, MSM '70 Keith A. Horenstein, MSM '87 Cad N. Hartkopf, BSIM '66 Chades H. Walkup, MSIA '73 Foundation Mary L. Thompson, BSIM '79 Steven J. Johnson, MSIA '72 Elizabeth A, Hughes, BSM '90 Douglas Bell, MSIA '80 Michael S. Tirengel, BSIM '68 Jeffrey T Jones, MSM '93 Ronikajandial-Gilbert, BSM '89 Akzo America Foundation Phyllis A. Coulter BSM '84 John E. Vaughan, BSIM '69 DanielJ. Kelly BSIM'89 Kathryn F Ness, BSM '92 Chades A. Gerolium, BSM '87 Michael R. Frierman, PhD '86 Robert L. Walters, BSIM '83 Osman M. Khan, BSIM '97 David W O'Brien, MSM '94 Albertson's Inc. BarbaraA. Ilarger BSM'92 John C. Wasson, BSM '80 James R McCleneghen, MSIA '81 Gordon K. Rains, MSIA '60 SueAnnO'NeaLBSM'91 Douglas M, Hayes, BSIM '86 George L. Wert, MSM '54 Corrine T Middleton, BSIM '94 Kimbedy A. Roll-Wallace, BSM Tom Lozanoski, BSM '83 Cheryl S. Wooley BSIM '70 Andrew D. Ortstadt, BSIM'80 '84 Alcan Aluminum John B. McCormick, BSIM '73 David L. Pope, BSIM '72 Michelle M. Scarpelli, BSM '92 Corporation PamelaJ. Todd, BSM '82 Amoco Foundation Inc. Michael A. Rainey MSM '80 Peter C. Scarpelli, BSM '92 John C. Morrison, BSIM '74 Steven H. Ainger BSM '80 Robert M. Rothhaas, BSIM '89 Randall W. Selgrad, BSIM '80 American General Finance Thomas F Boyden, MSM '73 Barry L. Rupert, MSIA '78 Suzanne E. Wilson, BSIM '87 Foundation Alcoa Foundation John L. Cari, BSIM '70 Thomas W. Sarowski, MSIA '64 Jeffrey C. Zaloudek, MSM '75 Lyle M.Johnson, MSIA'64 Jennifer J. Andrews, MSM '95 Thomas G. Ehinger MSIA '72 Lester M. Sherry, MSIA '90 Howard W Burdett, MSIA '64 Karen S. Mowbray BSIM '83 Barbara J. Fagan, MSM '78 ABN AMRO North America Richard R. Smith, BSIM '84 Charles H. demons, MSM '97 Carol M. Yaksich, BSIM '81 Robert R Hetrick, MSM '78 Inc. Amy S. Stein, BSM'91 James A. Dunbar BSIM '72 Maria A. Ihnat, MSM '92 Shonagh Aylsworth, BSM '83 American Home Products David L. VanDmnen, MSIA '86 Raymond C. Fleitz, BSIM '64 Michael R.Jefvert, BSIM'81 Brian W Winne, BSIM '73 Steven E. Mens, BSM '89 Harold M. McCoy BSM '90 Corporation James N.Jones, MSM '91 BarbaraA. Smith, BSM'81 Eric H. Brandon, BSM '90 Peter D. Laue, MSIA '66 ADC Telecommunications Anheuser-Busch Jeffrey B. Updike, BSM '90 Marc S. Hochman, MSM '93 James R Lorenz, BSIM '71 Inc. Foundation MichaelJ. Sullivan, BSM'82 Frederic K. Nieman, MSIA '57 Michael E Shishman, BSM '93 Philip A. Andre, MSM '85 Allegheny Ludlum Steel RobertA. Otto, BSIM'92 American National Can David D, Boltz, MSIA '79 Corporation David C. Palermo, BSM '93 Adobe Systems Inc. MarkW. Myers, BSM'83 Jon D. Walton, BSIM '64 Company Jeffrey W. Paul, MSIA '85 Molly D. Detwiler BSIM '77 Marsha L. Smunt, BSIM '76 William R. Blyth, BSIM '77 Laura R Peterson, BSM '85 Alliant Techsystems Advanced Micro Devices Amy L. Proegler BSIM '79 Aon Foundation John S. Balconi, MSIA '66 American Standard Inc. Douglas T Reifel, MSM '92 Kevin M. McLaughlin, BSIM '77 John D. Buck, MSIA '85 Foundation David G.Williams, BSIM'76 Kenneth D. Risden, MSM '86 TedTammeam, BSIM'6l FrankJ, KruegerBSIM'69 Scott E. Schubert, MSIA '76 Apple Computer Inc. Peter J. Rumam, BSIM '64 Advanced Technology Carson Schuler MSIA '67 AlliedSignal Foundation Gery E. Richards, BSIM '73 Laboratories David S. Wiley BSIM '88 Inc. American United Life Pamela R. Kovarik, MSM '83 William R. Young, BSIM '69 ARAMARK Corporation Barry B. Beeson, BSIM '70 Insurance Company Barbara A. Jarvis, MSM '90 Advanta Foundation Michael A. Butiste, BSIM '71 Jennifer S. Barto, BSM '93 AMP Foundation Gregory A. Boyer BSIM'85 Michael R. Frierman, PhD '86 Christopher J, Casebolt, MSM '93 Timothy K. Bock, MSM '81 Archer-Daniels-Midland Suzanne M. Conrad, BSM '89 CurtJ, Clawson, BSM '84 James R. Ritz, BSIM '74 Foundation Timothy F Couvreur BSM '86 Marcia K. McHie, BSIM '78 James R Anderson, BSIM '67 Steven L. F^plin, MSM '95

MKrannert 1997-98 ANNUAL REPORT MATCHING FT COMPANIES AND DONORS

ARCO Foundation Inc. Gary W. Spears, BSM'90 Banc One Wisconsin Beech Aircraft Foundation Bristol-Myers Squibb Phillip B. Forbes, MSIA '65 Karen A. Steybe, BSIM '82 Foundation Blair R Sullivan, BSIM'79 Foundation Thomas C. Kilbum, MSM '73 David S. Stubbins, MSIA '70 Shari A. Stepanich, BSIM '78 Patrick C Beck, BSIM 71 Dutch C. Ross, MSM '71 Kerry C. Stucky BSIM '69 Bell Atlantic Foundation Steve K. Betulius, BSIM '78 KarenA. Sullivan, BSIM'81 Bank of California John C. Donovan, MSIA '71 Michael Borkowsky, MSIA '62 Aristokraft Inc. StevenJ. Sullivan, BSM'80 GregA. Rolsma, BSIM'72 Joseph Feely MSIA '66 Mark D.Dobbins, BSIM'84 Scott L. Freyberger BSIM '86 Dennis M. Terry, BSIM '77 Charles WGearhart, BSIM'61 Bellcore BettyJ.Jenkins,BSIM'84 Kathleen T Treptow, MSIA '77 Bank of Hawaii Valerie A. McKinney BSIM '81 Cad A. Singer PhD '76 Amim E. Whisler BSIM '85 Roy K. Amemiya, BSIM '76 Solomon Makau Musyimi, MSM Armstrong Foundation Thomas M. White, MSIA '85 Kimberly J. Walters, BSIM '84 Bank of New York •94 Gregory S. Beno, BSIM '81 Robert A. Wille, BSIM'89 Frank E. Sujecki, MSM '79 BellSouth Corporation Joseph A. Rolley MSIA '80 John S. Buswell, BSIM '73 CarsonJ. Woods, BSM'92 Stanley H. Bamett, MSM '93 Daniel K. Zachary, BSIM '80 Michael D. Matlosz, BSIM '91 Christopher C. Yockey BSM '92 Bank One, Columbus, NA Michael G. Miller BSIM '72 Barbara L. Mertz, BSIM '74 Dean Yoder BSIM '85 Brown & Williamson Deborah K. Richer BSIM '83 Cheryl L. Beatty, BSM '88 Iain W. Paterson, BSIM '75 Ivan L. Burdine, BSIM '79 Tobacco Corporation Stephen H. Woodward, BSIM '70 Ashland Inc. Hugh R. Thomberry, MSL\ '57 MarkA.Higgins,BSM'88 Guillermo A. Alvarez, MSM '96 John K. O'Hare, BSIM '72 Steven C. Vance, BSIM '72 James W. Peller BSIM '80 Arthur Andersen LLP Douglas E. Kunnemann, BSIM Allan F Zoeller BSIM '73 Brown-Forman Corporation Foundation Amy M.Reynolds, BSIM'91 '77 Bestfoods William M. Roof, BSIM '65 Thomas E. Arenberg, MSIA '75 Bank One Indianapolis RobertJ. Gillespie, MSIA '65 liion A. Bailey BSIM '93 AT&T Foundation Budget Rent-a-Car Cole M. Alexis, MSM '85 James R Goldsmith, BSIM '65 Douglas Bell, MSIA '80 Thomas H. Abbott, MSIA '66 Corporation Cheryl L. Beatty, BSM '88 DonaldJ. Starr MSIA'64 Kelly L. Bell, BSM '95 Timothy C. Andres, BSIM '79 Karen H. Gauthier, BSM '87 Mary E. Mason, BSIM '77 Eric A. Yolk, BSM '85 Amy M. Benson, BSIM '91 LuAnn R. Boots, BSIM '76 Miriam L. Perry, BSM '84 Gary L. Billingsley BSIM '85 Kenneth Bruchanski, MSM '78 Burlington Northern Jennifer J. Pescatore, BSM '92 Bethlehem Steel Donald G. Bluethmann, BSM '88 Samuel D. Bush, MSM '80 Foundation Foundation James R. Bolton, MSIA '82 Michael W. Cassidy BSM '93 PatriciaA. Bogusz, BSM'81 Bank One, Lafayette, NA Christina Hamscher BSIM '95 William T Bourke, BSIM '81 Lynn M. Centariczki, MSM '94 Daren L. Cox, MSM '94 Mark L. Hasza, BSIM '74 Stephen L, Brant, BSIM '75 AnaM.Cunha,MSM '94 California Federal Bank Windsor S. Smyser BSIM '76 William R. Ignatuk, BSIM '66 Karen A. Brennan, BSM '89 Laura E. Elsaesser MSM '94 Dan E. Schwartz, BSM '82 MichaelJ. Brennan, BSM '87 PaulaJ. Fines, MSM '94 Bank One Merrillville BFGoodrich Company Caltex Petroleum Patrick J. Burke, BSM '87 Catherine A. Forgit, MSM '94 Lynn A. Kwilasz, BSM '85 Nancy L. Emstes, MSIA '79 Corporation Frank L, Buttitta, MSM '83 Carol M. Franklin, MSM '94 Robert F Kissling, MSM '81 BankAmerica Foundation Larry L. Bennison, BSIM '64 Wiley D. Carmichael, MSIA '67 Wayne F Henderson, BSIM '64 Marshall 0. Larsen, MSIA '77 Susan C. Chilcote, MSM '83 Jenny Yuh-Huey Huang, MSM RobertJ. Donahue, BSIM '67 Canton Drop Forge Robert W.Clarke, BSIM'78 Eric T Sieke, BSIM '73 Black & Decker '95 Bradley A. Ahbe, MSM '83 Lorena K. Coo, MSM '88 Mark R. Irvin, MSM '94 Jane A. Wingert, BSIM '79 Corporation Ronald L. Cullum, MSIA '66 David B. Kerr BSIM '79 Robert H. Reeves, MSIA '85 Bankers Trust Foundation Capital Markets Assurance James B. Cushman, BSM '92 Janet R. Kurtz, BSM '81 Brian R Smith, MSIA '85 Eileen M. Bedell, BSIM '74 Corporation Donald Dall, MSIA '73 Herman 0. Leach, BSIM '75 William E. Flaig, BSM '91 Robin Demagistris, PhD '82 David R. Danly MSM '83 Lindas. McKnight, BSIM'70 BNR Inc. Daniel M. Sullivan, BSM '80 Christina S. Donka, BSM '88 Cheryl L Melchior MSM '89 Diane M. DeSimone, BSIM'71 Cargill Inc. Sydney S. Fishbum, BSIM '68 Marcus L. Melloy BSM '83 John R, Guttman, BSIM '78 Barnett Banks Inc. BOC Group Ernest K. Friedli, BSIM '77 John S. Menyhart, BSIM '74 Charles S. Conoley BSIM '81 Jonathan R Gilbert, BSM '88 Steven D. Gary, BSIM '77 Joseph H. MeteLski, MSIA '62 Carolina Power & Light Pat Rodriguez, BSM '81 Eugene T Miller BSM '90 Steven E. Gratto, BSIM '84 David R. Millen, MSM '94 Company John R. Neureuter BSIM '83 Gregory K. Hamilton, BSM '92 Kenneth E. Pollari, MSM '94 BASF Corporation John B. Gripman, BSIM '73 Robert WSteiner MSM '82 Thomas R Harig, MSIA '77 Margaret M. Rettig, MSM '97 David E. Myer BSIM '70 Robert D. Hulse, BSIM '79 Kenneth A. Jones, BSIM'83 MichaelJ. Ring, MSM '95 Boeing-McDonnell Thomas A. Kaminski, BSIM '6l Richard D. Russell, MSM '94 Baxter Allegiance Castle & Cooke Homes Foundation Christopher R Kearney BSM '90 Thomas F Scygiel, MSIA '64 Foundation Hawaii Inc. LeAim M. Adams, BSM '83 Robert B. Kirsh, MSM '97 Michael D. Solma, BSIM '70 Christine L. Bez, BSIM '90 Eric G. Stojkovich, BSIM '72 Richard M. Bodle, MSM '71 MichaelJ. Klich, MSIA'77 Stephen Y Sykes, MSM '93 Brian D. Cobble, BSIM '79 Mark A. Burgess, MSIA '82 Caterpillar Foundation MartinJ. Leestma, BSIM'80 Donna K. Torczon, MSM '95 Kevin E. Freeman, BSM '87 Harold S. Coyle, PhD '67 l-eslieA. li;opardBSlM'87 Cadton C, Zwilling, BSM '90 Pamela K. Graham, BSIM '78 Gregor\'J. Burdick.BSIM'81 Martin L. Ingwersen, MSIA '73 Deborah A. Lynch, BSM '84 Jack N.Johnson, BSIM'65 Michael E. Duda, BSIM '81 Jamie S.Just, BSM'85 Robert H. Meixner MSIA '73 Automatic Data Processing Gregg D. Lauderbaugh, BSIM '78 David M. Dunlevy, MSIA '85 ElbertJ. Leuty,BA'65 Cario Medo, BSIM '92 Foundation SueA. Leboza,BSIM'77 MaryA. Kot,BSIM'77 Aim F Runner BSM '87 Brian R Miller BSM '91 Jane E. Lannan, BSM '81 Cheryl L. Lozada, BSIM '78 RobertA. Nickel, BSIM'76 Theodore E. Schuessler MSIA '63 Paul H. Moore, MSIA '84 Carolyn S. Scarola, MSIA '72 Myles Marcus, MSM '76 John B. Porter MSM '71 AllenJ. Theiler MSIA'62 Daniel H. Munger BSIM '80 Dewey Martinelli, BSM '88 Paul W, Schultz, BSIM'75 Steven E. Thompson, BSIM '78 Mary T Murphy BSIM'79 Avon Products Foundation Michael R. Wood, BSM '90 Mark R. Stratton, MSM '97 Tina M. Nerino, BSM '93 Inc. Stuart K. Thompson, MSM '84 Borg-Warner Foundation LisaM. Noelke,BSM'8I Lawyer L. Burks, BSIM '89 Bechtel Foundation Inc. CBI Foundation Noreen M. Peterson, BSIM '85 Cecilia A. Ayers, BSIM'77 Charles M.Jensen, MSL\'64 Julie A. Reimers, BSM'85 Ball Corporation Cad A. Paul, BSIM '73 Daniel G.Barton, BSIM'77 Bruce II. Doelling, BSM '80 Kathleen M. Ritchie, BSIM '83 BP America Inc. Centel Corporation Richard L. Robbins, BSIM '87 GregoryJ. Gwaltney BSM '89 Becton Dickinson and Diane R. Demrick, BSIM '80 Elizabeth A, Fairringer MSM '84 Jennifer K. Rogers, MSM '96 Thomas H. Reichart, BSIM '69 Company George E. Gillespie, BSIM '66 Jose I). Roy BSM '93 James D. Wright, MSIA '68 William H. Angle, BSIM '77 James A. lacoponi, MSM '81 Centerior Energy Systems Rachael A. Schuler BSIM '86 Fiona J. McDonald, BSM '86 Baltimore Gas & Electric MichaelJ. Murphy MSIA'71 James R. Thompson. MSIA '70 Patrick II. Scott, BSIM '79 John D. Winegardner BSM '90 Richard C. Sanders, BSM '90 Steve G.Scott, BSM'81 Company Colin R Sheridan, BSIM '86 Erik Titland MSIA'64

21 Krannert 1997 98 ANNUAL REPORT CertainTeed Corporation Citgo Petroleum Continental Bank Susan A. Smiley BSM '81 RobertJ.JunkerBSM'92 Foundation Corporation Foundation ShawnJ.Suhrstedt,MSL\'94 Mario A. kaman, BSM '90 Randall S. Meyerholtz, BSIM '72 Terry K. Post, BSIM '69 Michael E. Rogers, BSM '82 Todd R. Wilson, BSM '87 James K. Murray BSIM '77 William H. Schomburg, MSM '75 Raymond F Wise, MSM '87 John R O'Donnell, BSM '81 Champion International Citicorp Foundation Carolyn J. Songey MSM '83 Warren G. Wood, MSIA '78 Catharine A. Obert-Thom, MSIA Corporation Philip G. Bright, BSIM '66 AndrewJ. Sutheriand, BSIM '76 Stephen G. Wuest, BSIM '72 '78 Joseph F Feola, MSM '98 Robin Demagistris, PhD '82 Robert M. Zimmerman, MSIA '84 Christine A. Simons, BSIM'81 Dennis C. Rankin, MSIA '60 William M. Schneider BSM '87 Cooper Industries Klaus-Bernd B. Zensen, MSM '95 David C. Tbcker BSIM '69 Foundation Delta Air Lines Foundation Charles Schwab Mark R. Bez, BSIM '90 Frederick S. Hall, BSIM '73 Duracell Inc. Corporation Foundation Cleveland Electric Andrew L. Carter MSM '69 Robert M. Marie, BSIM '79 David G. Lutterbach, BSIM '75 RichardA. CheeverBSIM'88 Illuminating Company Patricia A. Craycraft, BSIM'73 Scott B. Murray MSIA '70 Eaton Charitable Fund James R. Thompson, MSL\ '70 Scott L. Soucek, BSIM '68 Lawrence Zappone, MSIA '67 Chase Manhattan Kenneth F Davis, BSIM '79 Foundation Clorox Company Cooper Tire & Rubber Deluxe Corporation TerryL.Jones,BSIM'71 James B. Harrison, BSIM '65 Foundation Company Foundation Foundation SarahJ. Moritz,BSM'83 James Y Pedersen, MSIA '71 Mary Sun, BSM '81 Catherine L. Eckstein, BSIM '79 Thomas L. Brygider BSIM '65 JohnA. Lodics, BSIM'93 Mary L. Greenawald, BSIM '83 John K. Chalmers, MSM '68 VemonJ. Pitcher MSM '86 Dexter Corporation Chemical Bank Janet S. Hudgens, MSM '89 Richard D. Teeple, BA '64 Mart T Tiismann, MSIA'83 Glenn Y Angermeier BSIM '79 Cynthia M. Ransom, MSM '78 Foundation Daniel R. Scarola, MSIA '72 Crane Foundation Delmar L. Robertson, BSM '81 Egghead Software Inc. Chevron Corporation Linn E. Stoller BSIM '80 Joseph M. Algozine, BSIM '77 Philip D. Andrews, BSIM '67 MichaelJ. Becher BSIM'80 Raymond E Wise, MSM '87 Digital Equipment Rodney T Tos, MSM '89 Crowe Chizek and Company Corporation El Paso Natural Gas CNA Foundation Robert L. Bates, BSIM '79 Betsy Bohling, BSIM '77 Foundation Chicago Title and Trust Marc G. Swanson, BSM '94 Robert S. Dobis, BSM '85 Julia K. Kellberg, BSM '80 Preston R Dunavant, MSIA '69 Company Troy R. Ehle, BSM '93 Douglas R. Kellogg, MSM '78 Eli Lilly and Company Michael H, Bauschelt, BSM '84 Coca-Cola Company Kelly L. Faehr BSM '91 RobertJ. Maher MSM '73 Frederick W. Engimann, BSIM David C. Griscom, BSIM '84 Gary A. Fox, BSM'82 YirginiaW.Rygg,BSIM'76 Foundation '69 Jonathan R Jarrett, BSM'94 Robert A. Wagner MSIA'62 Charles M. Allen, MSIA '67 Columbia Gas Foundation Monty L. Korte, BSM '93 Larry R. Ammons, MSIA '70 Chiquita Brands William M. Brenner MSIA '87 JamesA. Koselke,BSM'90 DLJ Foundation Shariar Ansari, MSM '97 Intemational Foundation Robert C. Andolina, BSIM '81 Peter J. Austgen, BSIM '71 Commonwealth Edison Christine M. Leinheiser BSM '91 Robert Ehrsam, BSIM '72 Timothy C. Luce, MSM '94 JackA. Busse, BSIM'71 Company Dow Chemical Company Randall S. Merle, BSIM '83 Jay Butler BSIM '68 Chrysler Fund Mary T Murphy BSIM '79 Foundation Peter J. Miller BSIM '91 Lori Bymark, MSIA '87 Gary L Anderson, BSIM '84 Lois A. Zebus, MSM '75 Sondra K. Ash, BSM '86 Kimbedy S. Springer BSM '93 Scott D. Clegg, MSM '85 MichaelJ. Gialdini, BSIM'79 Donald A. Bugg, MSIA'66 Stephanie S. Strickland, BSM '91 Timothy E Coleman, BSIM '90 Leslie M. Hamilton, MSM '68 Compaq Computer Howard W. Burdett, MSIA'64 GeorgeE Wiegand, BSM'91 William E. Cox, MSM '92 Jay A. Johnson, MSIA '95 Foundation Timothy S. Eckenrode, BSIM '86 Molly J. Wrenn, BSIM '94 Maria A. Crowe, BSIM '82 Ronald M. Laux, MSM '70 Vance R. Baran, BSM '91 Thomas H. Fisher MSIA '85 Elizabeth T Dusold, MSPPPA '83 David K. Brown, MSM '78 PaulJ. Leo, MSIA'88 Crown Central Petroleum LindaA. Fogle, BSIM'81 Michael L.Eagle, MSIA'71 StephenJ.Noth, BSIM'90 JeffreyA. Frantz, BSIM'86 Brian E. Edelman, MSM '84 Computer Associates Foundation James D. Selander MSM '86 Michael Kelyman, MSIA'57 Kevin W. Ephlin, MSM '79 International Inc. Dennis W. Marple, BSIM 71 Douglas E. Kunnemann, BSIM Jean K. Faulconer BSIM '86 Chubb & Son Inc. Eric C. Denney BSM '95 CSX Corporation '77 Joseph M. Franchville, MSIA '89 JamesJ, McHugh, BSIM '75 Elizabeth A. Femandez, BSIM '8( Frederic D, Hale, BSIM '87 John C. Lillich, MSIA '64 Eugene L. Hager MSIA '70 Suzanne R. Rural, BSIM '78 ConAgra Foundation Inc. James T Marter BSIM '84 Stephen R. Hancook, BSIM '65 Cummins Cumberland Inc. Church & Dwight Company Richard A. Ellspermann, BSIM Benjamin E Matuska, BSM '89 Thomas E. Hein, MSM '97 R Jack Apple, MSIA'65 George D. Mignin, MSIA '76 Julia M. Hipps, BSIM '79 Inc. '75 Michael S. Mohar BSM '86 Jack E.Jordan, MSM '88 Vickie A. Swinford, BSM '85 Katrina D. Horton, BSM '92 Cummins Engine David L. Neeb, BSIM '75 Stephanie C. Koke, MSM '77 Foundation CIBA-GEIGY Corporation CONDEA Vista Company Philip C. Proffitt, BSIM '84 Alison L. Krebs, MSM '91 Emily E. Chambers, MSIA '86 Dean W. Stults, MSIA '88 William C. Knodel, MSIA '64 Jeffrey C. Randa, BSIM '79 Rene R. I^win, BSIM '68 Gail Famsley MSM '97 MarkJ. Schneider MSIA'70 George H. Ruschhaupt, MSM '75 Ead R. Major MSM '90 Gregory M. King, BSIM '77 CIGNA Foundation Eric T Stouder MSIA '87 Dale H. Schultz, MSIA '70 Roderick J. Mclntyre, MSM '89 RobertA. Sawin, BSIM'68 AnthonyJ. Cardinal, BSIM 71 StephanieJ. Sims, BSM '86 David C. Mees, MSM '90 Jerry L Sharp, BSIM '71 Kathleen A. Cameal, BSM '82 Conoco Inc. Mark L. Smith, MSIA '90 Michael R Miller MSM '88 Franklin S. Westbrook, MSIA '88 Denita L. Lyons, BSM '82 Sigmund L. Cornelius, MSM '80 Mark A. Sullivan, MSIA '83 Richard E.Nichols, BSM'91 Julie Overbeck, MSIA '76 Dana Corporation Cincinnati Bell Foundation Consolidated Natural Gas Dow Corning Foundation MichaelJ, Owen.s, MSM '73 Foundation Inc. Company Foundation John S. Hoyt, MSIA '62 Susan Peoni, BSIM '72 ConnieJ. Fucito, MSL\'82 Jeffry L. Fink, BSIM '67 JamesW. Barr BSIM'66 Clark R. Pashby MSM '77 Kyle L, Peterson, BSIM '83 Susan M. Kelker BSM '92 Lori D. Pekala, BSIM '81 John H. Poulin, MSIA '82 ClNergy Foundation Inc. Consolidated Papers John E. Zeitz, MSIA '63 James H. Weinberg, MSIA '84 James M, Rischar BSIM '91 Kent K. Freeman, BSM '81 Foundation Inc. Dresser-Rand Daniel R Rumreich, BSIM '84 Deloitte & Touche Frank C.NeaL MSIA'57 Susan A. Feith, MSM '92 Eugene D. Serotini, MSIA '65 Mark A. SalLsgaver MSIA '87 Foundation Brian R SchrtKk, BSIM '89 Cisco Systems Inc. Consumers Energy Brian R, Campbell, BSM '85 Dun & Bradstreet RichardJ. Schwartz, MSM '86 Karen S. Conroy BSIM '85 Scott A. Coates, BSM '89 Foundation Corporation Foundation Jerry L. Smoiek, MSM '73 MichaelJ. Daily BSM'89 Allan C. Dome, BSIM 71 Amy L. Brown, MSM '86 Kent B. Stuff, BSM '89 CIT Group Foundation Inc. Nelson E Gibbs, MSIA '62 MarkA. Dossey BSIM'79 Margaret B. Bruns, BSM '85 JeffryA.Thomas, BSIM'75 Thomas R. Modisett, BSIM '69 Kathleen M. Reiland, BSM '93 William G. Eckert, BSIM '77 Victoria L. Giese, BSM '84 Susan B. Thomas, MSM '82 David T Rose, MSM '94 Lawrence J. Hebda, BSIM '71 Darren K. Touseull, BSIM '85 Jeffrey W.Sipes, MSIA'82 LarryD. Hoffman, BSIM'81

22 Krannert 1997-98 ANNUAL REPORT MATCHING FT COMPANIES AND DONORS

Diane Teh-Ann Tsao, BSIM '87 Essex Group Inc. Fireman's Fund Foundation MichaelJ. Borovich, MSM '88 Freudenberg Spunweb Roger W.'mrner MSIA'86 Carmen M. Files, BSIM '91 Kathleen S. Welday BSM '81 Timothy E. Bovich, MSM '96 Company Myron D. White, BSIM '90 James W.Wolfe, BSIM'79 James T Carter BSIM '67 Robert R Fesler MSL\'78 David B. Yingling, MSM '85 First Bank System DennisJ. Cirbes, MSM '72 Steven A. Yoder BSM '89 Everen Foundation Foundation RobertTEamest, MSM '71 Gap Foundation Kenneth Zadoorian, BSIM '74 Daniel M. Trotter MSM '87 DanielJ. Frate, MSM '85 Stacy R. Ede, MSM '93 ConnieJ. Fucito, MSIA'82 Ferelith A. Senjem, MSM '95 RichardJ. Eichenberg, MSIA '72 Daniel B. Henkle. BSM '87 Exxon Education Emerson Charitable Trust Michelle A. Fee, MSIA '90 Eric L. Eaton, BSIM '72 Foundation First Chicago NBD Kari E Fiegenschuh, MSIA '77 G.D. Searle Charitable James S. Kovalcik, BSIM '73 James D. Adams, MSIA '71 Corporation David R Garrett, MSM '90 Trust Howard L. Lance, MSM '88 Matthew J. Aguiar MSIA '80 Carol L. Adams, BSIM '76 Robert M, Geiger MSM '93 Ronald R Mammarella, MSIA '78 Russell W Schwalbert, BSIM '65 David G. Belanger MSIA '68 Glenda L. Fisher BSIM '72 Kathleen M, Gedach, BSM '89 Georgina Sikorski, MSIA '81 John H. Bentz, MSIA '72 Marsha E.Jay BSM'80 Douglas M. Gress, MSIA '74 Enron Foundation GE Fund Irene M. Binash, MSM '81 Rick E. Kennedy BSM '82 Gregory Gmlikowski, MSM '91 Thomas L. Chamber, MSIA '67 AlanJ. Bimey MSM '96 JuliaA. MinnerBSIM'86 Donald R Harber MSM '93 William R. Bacon, MSIA '86 Dale E. Bowman, BSIM '72 Andrew R. O'Donnell, MSM '75 DavidW. Baker BSIM'65 Equitable Foundation MarkA. Hinesley MSM '88 Henry G, Small Bray MSIA'71 William H. Schomburg, MSM '75 BarbaraA.Jarvis, MSM '90 David G. Bedel, BSLM '76 Judy L. Kirst, BSM '83 David K. Carter MSIA '87 Clinton B. Sommer BSM '83 RogerW.Johnson,BSIM'68 Edward S. Bell, MSM '92 Ralph L. Benavidez, BSIM '74 Ericsson Inc. David H. Creps, MSM '77 Thomas M. Tremain, BSIM '79 Karen E.Jordan, MSIA'94 Harold D. Blair BSM '87 James D. Williamson, MSIA '63 Linda K. Davis, MSM '76 Henry Wiymick, BSIM'63 TimothyJ. Kauper BSIM'68 John Ehardt, MSIA '64 Steven M. Kenny BSIM '96 Jay Caraviello, MSM '92 First Interstate Bank Ernst & Young Foundation Thomas Ehardt, MSIA '70 Richard W. Kisler BSIM '70 Michael S. Camey MSIA '87 Scott T Abbott, BSIM'93 RichardJ. Eichner MSM '80 Charitable Foundation Michael J. Komisarcik, MSM '92 Tak-Chee S. Chan, MSM '90 Warren B. Blanchard, MSM '96 Michael E. Ervin, BSIM '65 KathrynJ. Nielsen, BSIM'72 Jon M. Lane, MSM '86 James R Connor-Cerezo, BSM '89 Samuel Y Bristol, BSIM'85 RobertA. Greenberg, BSIM'81 Toyzanne K. Mason, BSM '93 RobertJ. Lavina, MSM '82 Thomas H. Cosgrove, MSIA '87 Beth A. Brooke, BSIM '81 Michael H.Joseph, BSIM'73 Mark R kksan, MSM '89 Jacques M. DesMarteau, BSIM '90 First National Bank of David K. Brown, MSM '78 Judy L. Kauer MSM '77 Douglas A. Littleton, BSIM '69 Patrick J. Doyle, BSIM '62 Chicago Foundation Carrie K. Brownfield, BSM '85 Stephen M. Kluck, MSM '85 Scott E. Livingston, MSM '87 James E Dunn, BSIM '76 Jonathan F Dading, BSIM '86 BarbaraA. Lynch, MSIA '77 Larry G. Chambers, BSIM '82 Susan M. Lockwood, BSIM '79 Margaret S. Dyer MSM '87 DavidJ. Edwards, MSM '93 Joe M. Montgomery, MSIA '65 Richard Cummings, MSIA '69 Keith C.Magee, MSIA 71 DeborahJ. Eichler BSIM'87 Spencer De Fields, BSM '82 Alfonso A. Persico, MSIA '64 William E. Harris, MSIA '72 Ronda L. Majors, MSM '89 William G. Faulkner BSM '89 Gary E. Fleming, BSM '93 Alfred M. Sanders, MSIA '68 Michael D. Monte, BSIM '79 Marie T Malecki, MSIA '90 ElizabethJ. Fomian, MSM '90 Sheri L. Foust, BSM '92 Gary A, Schneider BSM '80 William H. Schomburg, MSM '75 John A. Maloney BSIM '83 JamesJ. Hanrahan, MSIA '68 Kathleen A. Gettinger BSM '89 Edwin W. Schowe, MSIA '74 Gary C. Stephans, BSIM '78 Wayne McDaniels, BSIM '66 April L. Held, BSM '89 Gary L. Gienger MSM '81 Richard Skinner MSM '74 AllenJ. Stryczek MSIA'74 David T Michael, BSM '90 Lura C.Hobbs, BSM '92 Amy J. Graves, MSM '94 Frank B. Smith, MSIA '68 CarlaJ. Thumer BSIM '84 David L. Molnar MSM '72 Donna M. Howard, MSIA '87 Bryan D. Grundhoefer BSIM '83 RodneyA. Smith, MSM '85 Thomas M. Tremain, BSIM '79 Suzanne M. Moltzen, MSM '92 LaRue E.Johnson, BSM'80 Todd A. Heemsoth, BSM '87 Stanley Strauss, MSM '76 John F Yolk, BSIM '75 Bridgette M. Morehouse, MSM TimothyJ. Klevar MSM '89 Stanley G. Tebbe, MSIA'68 John Krenicki, MSM '91 Mark S. Howard, MSM '88 First National Bank of '94 Thomas N. Howard, BSIM '69 StevenJ.Traut,MSIA'73 Douglas L. Neff, MSM '96 Lawrence J. Kues, MSIA '86 Warsaw Jerry L.Jana, MSIA'64 Lois E. VanVooren, MSM '77 Christopher M. O'Connor BSM William C. Lambdin, BSIM ^68 Louise M. Powell, BSM '80 Carl A. Lested, MSIA '83 Robert L.Janson, BSM'53 Philip H. Warrick, MSIA '78 '91 RandallJ. Lewis, MSM '89 Nicole M. Kouns, BSIM '90 Mary E. Whippo, MSM '81 Anthony R Pache, MSIA '96 First Union Foundation William E. Lightfoot, MSIA '66 Matthew D. Krathwohl, MSM '90 Leslie E. Yewell, MSM '81 Dana L. Pearson, BSIM '92 Glenn Y Angemieier BSIM '79 Darrell F Lowman, MSIA '85 Stephen R Laughlin, MSM '92 FrederickA.ZikerBSlM'69 Joseph R. Poi, MSM '89 Traci R Hallett, BSM '91 Gary S. Mamer BSIM '66 Richard W Loehr MSIA'67 James R. Pommerich, MSM '90 Fairchild Industries Kathr\'n A. Hewett, BSM '80 Tracy E. Miller BSM '92 George S. Ludwig, BSIM '76 Barbara A, Roden, BSM '83 DarrellJ. Katovsich, MSM '77 James 0. Mitchell, BSIM '68 Richard A. Ludwig, BSM '94 Foundation Inc. Gregory W. Ruminski, BSM '96 Charles G. Klapheke, BSIM '68 Terry A. Moore, BSIM'76 RobertJ. Maher MSM '73 David W.Brown, BSIM'78 Robert A. Santo, MSIA '83 Scott A. Noonan, MSM '89 AlsonJ. Matsuura, MSM '85 Fleet Financial Group Stephen F Schamp, MSM '92 Federal-Mogul Corp. Cheryl L. O'Connell, BSM '92 James R. McKneight, BSM '82 Joseph A. Madamba, MSIA '86 Linda E. Schwelnus, BSIM '76 Charitable Trust Fund Lisa C.Ramsey MSIA '87 James A. Mesterhann, BSM '90 Curtis H. Short, MSM '85 Thomas L. Ronan, MSM '88 PaulJ, Miller MSM '92 Kenneth D. Frey BSIM '79 Fluid Components Inc. Paul W. Slatin, MSM '89 Nelson E. Rowe, MSM '96 AnthonyJ. Mirabelli, BSIM '93 Dennis L. Fulford, BSIM '77 Ronald E. Ogle, BSIM '72 Karen A. Smith, MSM '85 Cad R Saroff, BSIM '73 Margaret M. Molter BSM '90 JamesJ. Hanrahan, MSIA '68 Ravindar Srinivasan, MSM '91 Fluor Foundation Michael T Speetzen, BSM '93 Eric S. Pachapa, BSM '96 Willard H. Hazard, MSIA '57 Christopher A. Tiemey BSIM '92 Kent Stephenson, BSIM '70 RobertJ. Parsons, BSIM '80 Gary J. Lehman, BSIM '74 Claude W. Burgess, MSM '93 Alan Takeo Toyomura, BSIM '90 JamesA. Strom, MSIA'85 Daniel L. Patras, BSM '86 WilliamJ. Nobbe, BSM'83 John F Regan, MSM '88 HelenJ. Vance, MSM '93 Robert H. Thayer BSIM '79 Jeffrey D. Redman, BSM '83 Gary L. Parks, BSIM '76 Robin M. Throckmorton, BSM William D. Willey BSIM '78 Kirk D. Ross, BSIM '90 '91 Jerome L. Thomas, MSIA '66 Federated Department StephenJ. Wright, BSIM'66 Nancy E. Russell, BSM '87 Steven C. VanVoorhis, MSIA '71 FMC Foundation Gary D. Sabia, MSM '82 Stores Inc. Fort James Foundation Thomas A. Vining, MSM '76 Richard G. Adler MSIA '66 Michelle R. Sample, BSM '89 MichaelJ. Rosner BSIM'74 David A. Robinette, MSM '74 Paula C. Votaw, MSM '87 Peter G. Bakas, BSIM '79 Carolyn S. Scarola, MSIA '72 Rebecca S. Rogens-Finch, BSM Michael A. Walsh, MSIA '87 Fel-Pro/Mecklenburger John A. Canterbury, BSIM '64 Jeffrey W.Sipes, MSIA'82 •83 Joseph M. Zarick, BSIM ^77 Foundation EricJ.Kleifgen,BSlM'73 Kathleen K. Smith, BSM '83 Lawrence B. Swerling, MSIA '66 Gregory T. Novak, MSM '90 FPL Group Foundation Inc. General Accident Insurance Becky J. Sondgeroth, BSM '89 William C. VanHome, MSIA '72 Kathleen K. Lamard, MSM '83 Charitable Trust Robert S. Sorensen, BSM '88 Ford Motor Company Fund BarbaraJ, Zimmemian, BSIM '83 KevinJ.e Schaefer BSIM ^78 BeauJ. Swenson, BSM'96 Fidelity Foundation Thomas Allison, BSIM '68 KaraJ, Talbott, MSIA'91 Gary L. Moser BSIM '86 Suzanna L. Annakin, BSM '91 Freddie Mac Foundation General Dynamics Barbara A. Thompson, BSIM '75 Alfred G.Nichols, BSIM'75 Wade C. Ard, BSIM '92 Kim C. Agosto, BSM '91 Pamela R. Ciunpbell, BSIM '78 Deanna L.Vietti, BSM'91 Angela M. Bashenow, BSM '89 Glenn Y Angermeier BSIM '79 ToddJ. Gilman, BSIM '77 Rex L. Wilson, BSIM '73 Fifth Third Bank Gary L Boone, MSM '75 Catherine L. Hamilton, BSM '85

23 Krannert 1997-98 ANNUAL REPORT MATCHING GIFT COMPANIES AND DONORS

General Mills Foundation Jonathan C. Skidmore, MSM '89 Julie A. Stickler BSM '88 John R Graham, MSM '81 Bert TBentson, BSIM'84 Christopher J. Casebolt, MSM '93 Damian B. Smith, BSIM •SO William R. Willard, BSIM ^67 Dixon H. Hill, MSIA '70 David T Berry, MSL\ '90 Valerie K. Collins, BSIM '81 GordonJ. Statz, MSIA'79 Nancy M. Huelsmann, MSIA '89 David A. Bock, BSIM'77 Darrell R Gradford, BSM ^87 Gregory D. Talicska, MSIA '78 Guidant Foundation Inc. Joseph C. Hunter MSIA'71 William R. Boehning, BSM '82 Wendell L. Harvey BSIM '75 William E. Tate, MSIA '72 DoddJ. Gray BSM '84 Stephen R. Hussey MSM '82 DonaldJ. Brodine, BSM'88 Gary W. Naab, BSIM'67 BarbaraJ. Taylor BSIM '78 Halliburton Foundation Inc. Russell A. Johnson, MSIA'73 Julie M. Brown, MSM '89 Margaret Quillen, MSM '86 Mitchell E. Thomas, MSIA '83 John G. Shipman, BSIM '81 Nancy S.Jung, BSIM'87 Steven L. Bryant, MSM '83 Loma B. Utley BSIM '76 James L. Kahler MSM '96 Robert G. Budas, BSIM '86 Andrea M. Stanford, MSM '94 Hallmark Corporate James R Walker BSIM '66 Lara G. Kahler MSM '96 Casey J. Call, BSIM '83 Foundation General Motors David S, Webster BSIM ^79 ThomasA, Klipfel, MSM '93 James B. Cammarata, BSIM '84 Foundation Inc. William L. Ziecina, MSM '70 James Berry, MSM '84 Sabrina Y Lin, BSIM'89 Stephen H. Can, MSM '84 Paul L. Allison, BSIM '83 Jeffrey R. Hupke, BSIM'90 Mark L Lindsey MSM '81 Gilford A. Cast, BSIM'66 General Public Utilities Scott S. Allison, BSM '81 Harcourt General Inc. Emest J. Maune, MSM '79 Kathleen R. Chrystie, BSM '87 Larry R. Armstrong, BSIM '6l Corporation Michael R. Needham, BSIM '79 Joel H. Clayton, MSIA '82 RobertJ. Maretsky, BSIM '87 David M, Baldwin, MSIA '64 Terri M. Kuhn, MSM ^94 Sydney M. Ogbom, MSM '87 Tammy L. Collins, BSIM '89 Gary T Barron, BSIM '72 David C. Shadle, MSM ^92 Harris Bank Foundation Robert E Ohlweiler MSM '87 Dennis W. Coo, MSIA'90 ChadesJ. Beauchamp, MSIA '82 Georgianna Stenger MSM ^93 Stephanie A. Bridwell, BSIM '96 Phimar D. Patterson, MSM '97 Caroline M. Cook, BSM '91 Michael T Behm, MSM '86 Jani E. Pemiconi, MSM '86 Robert WDaliege, BSIM'70 General RE Corporation AllenJ.Jamrose, BSIM ^72 Terri A. Bertrang, BSIM '80 Jackson B. Lynch, MSIA '65 DavidJ. Riordan, MSM '81 Julio G. De La Rosa, MSIA '68 James E Coon, BSIM ^73 Geoffrey C. Boling, BSIM '70 GlennJ. Mitchell, MSIA'70 Jennifer S. Rowen, MSM '93 Don A. Dettmering, MSIA '64 Laura Bowers, BSIM '80 The Geon Company Beth A. Server BSM '81 Jothany D. Sharpe, MSM '93 DarioJ.DeMaria,MSM '87 Michael G. Bymes, BSIM '73 James E. Sladek, BSIM '78 Keith M. DiSano, MSM '89 Nancy L. Emstes, MSIA '79 Mark D. Wheeler BSM '82 Gary W Chavers, BSIM'65 Samuel R. Szteinbaum, MSM '84 David L. Eagin, BSIM '79 Robert E Kissling, MSM '81 Laurie A. Clevenger BSM '82 Harris Foundation Mark A. Triolo, MSIA '76 William E. Ellerman, MSM '75 Robert L. Cline, BSIM '72 George Koch Sons Joan E. Glasson, BSM '84 John R Wilson, MSIA '69 Brockton R. Ellwood, MSM '94 John W. Cochran, MSIA '66 Foundation Inc. Robert W.Grau, MSIA'86 Lori A. Evans, BSM '88 H.J. Heinz Company Kevin M. Comer BSIM 71 James H. Muehlbauer MSIA '64 Teresa M. Kreps, BSIM '78 Gregory E Flemming, MSIA '64 Robert S. DeGarmo, BSIM '84 Alan W. Wiechmann, BSIM'83 Foundation Tonja M. Gage, BSM '87 Gordon A. Dicosola, MSIA '66 Georgia-Pacific David G. Lund, BSM '82 Indre I. Gaska, BSIM '85 Dennis E. Dreyer BSIM 71 Corporation Hartmarx Charitable Tracy E. Miller BSM '92 Jennifer L. Goings-Smith, MSIA ChristineA. Edwards, MSIA'83 Donald W Paul, MSIA '82 Foundation Melvin L. Smith, BSM '83 •84 Keith E. Ewing, BSIM '71 Richard A. Gray, BSIM'75 James W.Grace, MSIA'72 Norman A. Yoss, BSIM '68 Hoechst Celanese Robert D. Feller BSM '84 ArthurW. Graham, BSIM'62 Hasbro Charitable Trust George R. Flora, BSIM '68 Gerber Companies Foundation Inc. Jerome E. Haan, BSIM '76 Catharine L. Fomey BSIM '84 Foundation Inc. Randall R. Crick, MSM '89 Linda M. Ileyward, MSM '88 James D. Franchville, MSIA '89 Jeffrey A. Crow, BSIM'81 Michael Hodapp, MSIA '62 Jay B. Hartfield, BSIM '64 Hoffmann-La Roche Inc. Thomas A. Gallagher BSM '89 Robert L.e Hood, MSIA '75 HCA Foundation Alfonse A. Simone, BSM '90 Arthur E. HaH, MSM '79 Glaxo Wellcome Inc. Charies E. Hoover MSIA '59 PamelaJ. Stein, BSM '81 Gregory T Hall, MSIA'70 Cheryl L. DeWitte, BSM '91 Home Depot Joseph E. Howe, MSM '92 Janice M. Harmeyer MSM '88 Helene Curtis Industries Donald W Paul, MSIA '82 Joy L. Ison, BSIM '84 Dale R. Hermiller MSIA '76 Goodyear Tire & Rubber Inc. Lawrence J. Jardine, BSM '80 Dennis S. Hoeg, MSM '83 Company Carlo Medo, BSIM '92 Honeywell Foundation CharlesA.Jarrow, BSIM'69 Keith Hullinger BSIM '68 Jeffrey R. Sampson, BSIM '78 Michael E Backe, BSIM '81 CharlesWJohnson,BSIM'6l Joseph K. Huntzinger BSIM '80 Grace Foundation Inc. Hercules Inc. Robert C. Callahan, MSIA '65 Myron A. Jones, BSIM'72 Julie A. Jones, BSIM'82 Samuel Kahn, MSIA 71 Patrick J. McLaughlin, MSIA '82 Jan M. King, BSIM '71 Michael J. Justice, MSM '86 Hormel Foods Corporation Ronald L. Kilpatrick, MSIA '65 Kenneth R Zak, MSIA '82 Donald W Stitz, MSIA '60 Fredrick W, Kert)y MSM '67 James N. Rieth, MSIA '63 Richard F Kleiser BSIM '67 Ronald E. King, MSM '67 Graphic Controls Hewitt Associates Marianne M. Schueffner BSM '96 EdwardJ. Koplos, BSIM'69 James R. Klosinski, BSLM '69 Corporation RatrickJ. Burke, BSM'87 John F Kovacic, MSIA '85 Robert M. Laing, MSM '95 LauraV Clemens, BSIM'80 Household International David R. Kress, MSM '91 John R. Neureuter BSIM '83 John R Larson, MSM '86 Margaret T Frehner BSIM '93 Steven H. Ainger BSM '80 Susan E. Krystek, BSIM '82 Karen M. Leggio, MSM '87 Great Western Bank Kathryn A. Harders, BSIM '90 David A. Grimme, BSIM '90 Stephen R Laughlin, MSM '92 Joseph R Labellarte, BSIM '76 Linda K.konard,.MSIA'91 Barry R. Barkley BSIM ^66 Melinda L. Havlis, BSM '92 Terry D. teter MSIA '75 MarkA. LeBel, MSM '96 Jennifer L. Hoffmeyer BSIM '86 Dena M. Loweth, BSM '90 Gail A. Light, BSM '80 HobertW. Lowry,BSIM'66 GTE Foundation Sherri L. Meyer BSM '91 Warren S. Wilcox, MSM '82 David F Makepeace, BSM '93 Vicky L. Manlove, MSM '91 Elisabeth A. Allen, BSIM ^79 Katherine L. Mirabelli, BSM '93 Barbara K. Wing, BSIM '74 Robert W Maldia, BSIM '89 WalterT Martin, BSIM'66 Martha M. Van Witzenburg, BSIM William C. Ater BSM ^88 Hughes Aircraft Company Anna I). Martin, BSIM '88 TimothyJ. McAshlan, MSM '94 Donna R Beland MSM '87 '94 Dallas H. Miller MSIA '66 Jeffrey R Hagerty, BSM '89 Mary R Meade, MSM '76 Lawrence R Cole, PhD '69 Stephen H. Nelson, BSIM '73 Kenneth F Seipel, MSIA '62 Joseph T Michael, MSM '89 MichaelJ. Coleman, BSM'87 Hewlett-Packard Company Walter D.Nencka, MSIA'58 Meghan E. Tliriey MSM '90 Thomas A. Nash, MSIA '72 Howard W. Copenhaver MSIA '73 WendyJ, Athens, MSIA '87 William M. Nigh, MSIA '74 Gilbert R, Baker MSM '93 David G.Nottoli, BSIM'79 Frances A, Early BSM '83 Huntington Ready Mix Inc. Arne L. Norheim, BSM '96 Thomas M, Beck, BSIM '74 Sharon A. O'Toole, MSM '85 PamelaJ, Evans, .MSM '79 Steven A. l\imer BSM '80 Kenneth A. Oudeman, MSM '76 Bmce G. Parkinson, MSM '78 Wayne A, Garrison, BSIM '72 Stephen C, Best, MSIA '82 Robert A. Paloncy BSIM ^70 Michael L. Paul, BSIM '79 Warren H. Hamki, BSIM '73 Lawrence C, Cattran, MSIA '73 IBM Intemational Richard R Patemiti, MSM '56 Paula L. Payne, MSM '92 William C. Karashin, MSM ^80 Ava Ho Yin Chan, MSM '86 Foundation Scott H. Pauli, MSM '91 Kenneth A. Cichocki, MSM '84 Scott T Payne, MSM '91 Roger F McCloud, BSIM ^75 Joseph S. Alexander MSIA '77 Jeffrey R. Powers, BSIM '79 David D. Cobleigh, MSIA '83 Betsy S. Ray BSIM '87 KevinJ, McSloyMSM '87 Lark M, Allen, MSIA '70 Anne F Ritchie, BSM '81 Mary A. Colchin, MSM '86 Martin L. Revis, BSIM '66 Glen Y Moribe, BSIM '76 David M. Ballantyne, MSM '93 Jodi A. Robling, BSM '89 Raul L. Colchin, MSM '86 Keith C. Ridler MSM '76 Keith H. Nagata, BSIM '72 Michael H. Bauschelt, BSM '84 Mary M. Rose, MSM '82 William C Sahm, MSM '67 Cynthia A. Nahrwold, BSM '88 MiguelJ. DeBeche, MSM '92 Bradley S. Beals, MSM '91 Robert Sadofsky MSIA '64 John W. Schwann, MSM '75 Richard M. Risinger BSIM '73 Roger E Evans, MSIA '66 William P Becker BSIM '76 Kathy L. Schick, BSM '84 Gregory K. Shipman, BSIM '78 Jon R Schrag, BSIM '64 Anne M. Feldhusen, BSIM '80 Anne E. Belfort, MSM '76 Paul Schlender MSIA '60 Ronald R.Smith, MSM '78 Marie-Jeanne C. Forbes, BSM '86

24Krannert 1997-98 ANNUAL REPORT MATCHING GIFT COMPANIES AND DONORS

Delia M. Schlosser MSIA '87 Interiake Foundation Kellwood Foundation Lever Brothers Company MascoTech Inc. Eileen K. Schraffenberger BSIM RobertA. Pedersen, BSIM'67 Deane L. Thompson, MSIA '69 James E Janetzko, MSM '91 LeRoy H. Runk, MSIA '62 '83 Wilfred T Seals, MAT'67 International Paper Kennametal Foundation LEXIS-NEXIS Maxus Energy Corporation Robert W. Shockley MSM '90 Company Foundation Robert W.Briggs, BSIM'76 Ronald K. Bauer BSIM '78 MarkE.Ault,BSM'81 RichardJ. Sieredzki, MSIA'64 AmyJ. Adams, BSIM'89 Kathleen M. Klopfenstein, BSM Kerr-McGee Foundation May Department Stores JamesW. Silkworth, MSM '90 Susan E. Hosking, MSM '94 '89 Cari A. Singer PhD '76 ScottA.Laflen,BSM'95 Corporation Company Foundation Lexmark Intemational Inc. Nancye A. Slagle, BSIM '77 Geoffrey A. Morse, BSM'80 MichelleA. Harris, BSM'89 ThomasM.Stubbs, BSM'81 Jeffery W.Smith, BSM'94 Keith L. Teichmann, MSM '96 George B.Rice, MSIA'59 Jared K. Bryan, BSIM '72 Maytag Corporation Robert M. Spark, MSIA '72 Woodrow W. Wall, MSM '96 GiffordA.Cast,BSIM'66 Key Foundation Foundation Inc. Max W Steinke, MSIA'67 Virginia R. Gustafson, BSIM '75 Lynette S. Kirkdorffer BSIM '76 Ronald W. Stem, MSIA '68 IPALCO Enterprises Inc. John R. McGrath, BSIM '75 ThomasA. Borski, BSIM'64 William L. Nonvick, BSIM '86 Stephen C. Susemichel, MSIA '72 MeganJ. Davis, BSM'89 JohnJ. Novak MSM '79 Robert E Posthauer BSM ^91 GregA. Rolsma, BSIM'72 John N. Tate, MSM '89 ITT Corporation LG&E Energy Foundation Mazda Motor of America MichaelJ. Touma, MSM '82 Jeffrey TBruner BSM ^90 Kimberly-Clark Foundation Brian L. Grosheider MSM '94 Inc. Darren K. Touseull, BSIM '85 Patrick E Egan, MSIA '67 Inc. Chades E. Mehlman, MSIA '66 David C. Tlicker BSIM '69 David R. Everhart, MSIA ^60 Melissa A. Davis, BSIM'90 Libbey Inc. David Pmitt, BSIM '78 Thomas'I\imer BSIM'71 Julie M, Ferrie, BSIM ^76 Karen E. Gehrke, BSIM '82 James R. McGaughey MSL\ '71 Todd W.Pickens, MSM '86 JamesA. Vignola, BSIM'84 Kurt M, Hoevel, BSM ^85 Charles W.MahaL MSIA'75 Sandra K. Wellet, BSIM '82 Lincoln National Marsha M. Knight, BSIM ^74 Bradley M. Reynolds, BSIM '90 MCA Inc. James W Wilson, MSM '89 Corporation Henry S. Larsen, MSM ^71 Mark E. Zachocki, BSIM '86 Patricia S. Wagaman, MSM ^76 Eric E. Wolter MSM '93 Buket Bayazit, MSM '90 Gary J. Lehman, BSIM ^74 Sara J. Wuest, BSM '87 Fredrick R Farkas, BSIM '69 McCormick & Company Inc. Bmce Moon, BSIM ^67 Kirkland & Ellis Julie R Pope, BSIM '74 Fund MichaelJ. Musleh, BSIM'95 Foundation ICI Americas Inc. RobertA. Showalter BSM'91 Stacey J. Palazzo, BSM ^90 Cheryl L. Kaeser BSM '84 Charles R. Ennis, MSIA '76 Lisa M. Nassos, BSM '90 Michael L. Zurcher BSIM '77 Bmce W.Towsley BSIM'73 Kmart Corporation McDonald's Corporation IDEX Corporation Mendy K. Grant, BSM '80 Lockheed Martin Linda L. Sneed, BSM '80 Herbert D. Hentzen, BSM '81 J.C. Penney Company Inc. Sonja S. Hesser BSM '91 Corporation Foundation Walter D.Nencka, MSIA'58 McGraw-Hill Companies Illinois Tool Works Robert G. Wilshere, MSM '70 Pamela R. Campbell, BSIM '78 Stephen R Chase, BSIM '72 Kathryn Bresich, BSM '85 Foundation Jefferson Pilot Foundation KN Energy Foundation Thomas H. Cosgrove, MSIA '87 John R. Campbell, BSIM '74 Scott L. North, BSM '86 McMaster-Carr Supply Kevin L. Palmer BSIM ^85 Michael S. Humnicky BSIM '71 John Hancock Mutual Life Company Inco Alloys International Bradley W.Jacobs, MSIA'80 KPMG Peat Marwick Michael L Alber BSM '84 Inc. Insurance Company Hugh T Mixon, MSM '85 JillJ. Beasley BSM'86 Foundation ThomasJ. Murray MSM '93 Richard R. Daniel, MSIA '77 Mead Corporation Catherine Christen, MSM '93 Daniel F Olive, MSM '77 Foundation Indianapolis Power & Light Johnson & Johnson Jean M. Donnelly BSM '85 Richard L. Pottenger, BSIM '68 Jeremy A. Abbs, BSIM'86 Robert G. Gibson, BSM '80 Ronald K. Bauer BSIM '78 Company AliceJ. Purdy MSIA '86 Scott J. Bohm, BSM ^84 Arthur C. Schneider BSIM '74 Todd H. Grossman, BSM '87 MeganJ. Davis, BSM'89 Kenneth D. Riley MSM '75 Larry A. DeYoung, MSM '70 Myron D. White, BSIM '90 Jennifer C. Schneider BSM '88 Charles B. Drane, BSIM '75 Bonnie S. Lang, BSM '84 Lotus Development Medtronic Foundation Walter H. Quinn, BSM'91 Kysor Industrial Corporation Ingersoll-Rand Company David R Haas, BSIM '74 Renee E. Selman, BSIM '84 Corporation Foundation John B, Leary, MSM ^78 Paul L. Bergren, MSIA '73 Janice L. Jones-Pinderhughes, Mitchell S. Walker MSM '86 Logan F Wemz, BSIM '67 DavidA. DoneyBSM'9I MSM '83 Stephen E. Wilson, BSIM '73 Lucent Technologies MarkA. Hester BSIM'89 L&F Products Timothy YJohason, BSIM'93 Foundation Mellon Bank Corporation Johnson Controls James A. Bodnar MSM '91 George M. Kopscick, MSIA '73 PaulaJ. Fines, MSM '94 Philip C. Hartzler MSM '79 Foundation Jenny Y Huang, MSM '95 James C. Lark, MSIA '66 Ladd Furniture Inc. PamelaJ. Strand, BSIM '81 Andrew WAzpell, BSIM'65 Linda S. McKnight, BSIM '70 RobertJ. MacKay BSIM '79 Frederick L. Schuermann, MSIA William C. McCowan, BSM '81 Thomas D.Jeppson, BSIM'77 Cheryl L. Melchior MSM '89 Menasha Corporation Allen M. Nixon, MSIA '63 Ii;igh K. Schamp, MSM '92 MichaelJ. Ring, MSM '95 Foundation Chad M. Wiersma, MSM '87 James E. Perrella, MSIA '61 Lamson & Sessions Stephen Y Sykes, MSM '93 Michelle A. Drajeske, BSM '86 David Pierce, MSM '90 Foundation David M. Odell, BSIM ^77 Jostens Foundation Inc. M.A. Hanna Company RonJ. ReedBSM'92 JamesJ. Abel, BSIM '69 Barbara A. Thompson, BSIM '75 Foundation Robert W.Steinberg, BSIM'82 Merck Company Landis & Gyr Foundation Jamie K. Delladio, BSIM '86 Foundation Richard W.Wilbur MSM '88 J.P. Morgan Charitable Inc. Barbara A. Jarvis, MSM '90 Trust Management Services Inc. Integra Financial Thomas Rk Houck, MSM '95 David R. Lewis, MSM '91 Joseph R Simone, BSM '89 Curtis A. Overpeck, BSIM '74 Corporation Gregory M. I^mihan, BSM '81 Kevin G. Lokay MSM '81 Charles R Soderstrom, BSIM '80 John C, Williams, BSIM '68 Mark A. McClure, BSM '83 Manville Fund Inc. DavidJ. Ross, MSIA'79 Keebler Company Michael R. Schmal, BSIM '76 Grey F Wamer MSIA '78 Intel Foundation LaSalle National Foundation Liesl M, Bayouth, MSM '91 Corporation Merrill Lynch & Co. TheodoreJ. Helms, MSIA '68 Marathon Oil Company Heidi K. Conrath, BSIM '83 Breck E Hanson, BSIM '70 David E. Workman, BSIM '66 Foundation Inc. Marcia L. Fox, BSIM '82 Kellogg Corporate Thomas B. B(X)Ls, BSIM '66 Lehman Brothers Inc. Maritz Inc. Michael L. Fuetterer BSIM '82 Citizenship Fund Stephen M. Burke, MSM '78 Keith D.Johnson, BSM'81 Susan C. Lawremce, BSM '82 James R. Pruehsner BSIM '75 James A. Crosbie, BSIM '63 Gregory' A. Effrein, MSIA '93 Phyllis Y Martin, MSM '94 Ross A. Richards, BSM '80 Thomas S. Dunstan, MSM '86 Katrina I). Horton, BSM '92 Daniel E Schonberg, BSIM '71 Marsh & McLennan Thomas II. MaLson, MSIA '84 DanJ.SweigerMSM '92 George F Herzog, MSIA '67 Chades L. McKinney BSIM '84 Warren R. Schulten, MSIA '62 Companies Inc. Donald F Locke, MSIA '73 Randall L.VanVuren, MSIA '90 Patricia M. Douglas, BSIM '80 Kenneth S. Schiewetz, BSIM '74 Maureen L. Wolf, MSM '93 Spencer De Fields, BSM '82

2B Krannert 1997-98 ANNUAL REPORT MATCHING GIFT COMPANIES AND DONORS

Hugh H. Steele, BSIM '66 Montgomery Ward Timothy A, Hill, BSM'85 Norfolk Southern Thomas F Martin, BSIM '73 Foundation Jill E, Hughes, BSM '84 Foundation MichaelJ. Messmer MSIA '73 Metropolitan Life Mark E.Johnson, BSIM'75 Marsha E, Jay BSM'80 KennisL.Jarvis,BSIM'77 John E. Miller MSIA '73 Foundation Jeffrey W.Love, BSM'88 Richard A. Miller MSIA'65 Cynthia Bronson, BSIM '79 Morgan Stanley & Company Julia A. MinnerBSIM'86 Northeast Utilities Service David B. Puckett, MSIA '70 Patricia J. Decker BSM '81 Foundation Karen C. Mitcheltree, BSIM '86 Company James N. Roser BSIM '70 Edward R. Potts, BSM '81 Chades B. Hintz, BSIM '71 Andrew R. O'Donnell, MSM '75 Lawrence J. Jardine, BSM '80 Roger K. Slusher BSIM '6l Robert A. Wargin, BSM'94 Robert A. Schneider BSM ^83 LynnD.Jaycox,BSM'86 Bmce T Wright, BSIM '63 Dennis E. Winings, BSIM '70 Motorola Foundation RobertA. Schultz, BSM'92 John A. Zaloudek, MSIA '65 John B. Bassett, BSIM '72 Clinton B. Sommer BSM '83 Northern Indiana Public Mettler Toledo Scales & Joseph F Blum, MSIA '66 Susan M. Wiggenhom, BSIM '73 Service Co. Owens-Illinois Fund Systems Stephen N, Combs, MSIA '88 Janet L. Boo, BSIM '79 Dawn S. Castleman, MSIA '93 Gerald J. Bieber BSIM '77 Kimberly A. Fleer BSM'81 NCR Corporation PatriciaA. Craycraft, BSIM'73 TimothyJ. McAshlan, MSM '94 Brian W Hicks, MSM '88 Vance R. Baran, BSM '91 Jeffrey W.Yundt, BSIM'67 Michael D. McDaniel, MSM '72 Microsoft Corporation Scott J. Koncel, MSM '86 Jeffrey T Bmner BSM '90 Robert A. Zborowski, BSM '84 PatrickA. Donka, BSM'87 Robert H. Lyons, MSM '79 JoEllen Bmner BSM '90 Oxford Industries Erin N. Hudson, MSM '96 Dominick R. Martelli, BSIM '94 Richard L. Byrne, BSIM ^79 Northern Telecom Inc. Foundation Leslie Magid, MSM '81 George Shahnasarian, MSIA '79 Michael W Cassidy BSM '93 Eric A. Croson, BSIM'70 Margaret Quillen, MSM '86 LisaJ. Melloy BSM '82 JosephJ,Woidula,BSIM'69 Robert W.Choate, BSIM'70 Diane M. DeSimone, BSIM '71 Pacific Enterprises Kenneth Y Ochi, BSM '84 Amy L. Wolfe, BSM '89 Louis S. Chronowski, BSM '90 Andrew T Oreffice, BSIM'83 Christopher R. Sherman, BSIM Kent W. Sander BSIM '77 William A. Wozniczka, BSIM '66 ThomasJ. Davenport, BSIM '65 Sharon R. Deol, MSM '86 Northern Trust Company '74 Miles Inc. Mutual of New York Kimberly A, Dressel, BSM '86 Charitable Trust Thomas Harrick, MSIA '61 Pella Rolscreen Foundation Foundation Jason R. Dyer MSM '88 LisaJ. Borton, BSIM '84 Jeffrey L. Uhrin, BSM '84 Milgard Lisa E. Morris, BSM '88 Margaret S. Dyer MSM '87 John M. Paral, BSM '91 Marilee H. Talley BSM '80 Bmce L. Edwards, BSM '87 Pentair Inc. Gary Fk Gessel, MSIA '78 Northwestern Mutual Life Edward M, Eykholt, MSM '87 David W. Saunders, BSM '82 Millar Elevator Service Mutual of Omaha Kristy F Messer BSIM '91 Foundation Inc. Company Companies Jay Garrett, BSM '83 Joseph L. Kennedy BSIM '70 PepsiCo Foundation Inc. James A. Koontz, MSM '91 MarkJ. Kendle, BSIM '80 Keith L. llendrix, BSIM '69 Kenneth A. Luedtke, BSIM '67 David D. Boyd, BSIM '76 EdwardJ. Kuczkowski, BSIM '89 Brian W. Hicks, MSM '88 Lee W. Breckenridge-Smith, BSIM Norwest Foundation Minerals Technologies Inc. Jon D. Saunders, MSM '68 Kim A. Horine, BSM'84 '84 RandallJ. Lewis, MSM '89 Thomas W, Christopher MSIA ^71 David L. Skinner BSM '88 Rolla R Huff, BSIM '79 Cedric L. Ferrell, BSM '84 RichardA. Ludwig, BSM'94 Janet M. Kaski, MSM '90 Scott R. Haner MSM '81 M.W. Kellogg Company Dennison Shaw, PhD '73 Mitsubishi Bank Ltd. Jennifer L. Kline, BSM '90 Stephen R. Hanon, BSM '84 PamelaJ. Landry, BSIM '75Nalco Robert D. Sinclair BSIM '70 Curtis A. Spillers, MSIA'81 David R. Kress, MSM '91 DanielJ. Henehan, BSM'88 Chemical Company Christine Lance, MSM '88 James M. Ii;wis, MSM '92 Mobil Foundation Inc. NutraSweet Company JamesW. Kaiser BSIM'68 Cynthia A. Landreth, BSM'87 Robert B. Mason, BSIM '72 John S. Alfano, MSIA '82 Stephen R Zahn, BSIM '75 Donna J. Lane, BSM '86 Frank E. Nasser BSM '82 WilliamJ. Brady MSIA'66 National City Bank Kerry D. Lesslauer BSIM '84 NYNEX Corporation RichardJ. Seidenstricker BSIM Kenneth W Brandt, BSM '89 Michael D. Hurst, MSM '85 Jeffrey A. Lusenhop, MSM '88 '76 David R. Bulfin, MSIA '71 SheilaA. Long, BSM'91 John C. Donovan, MSIA '71 RobertJ. Maretsky, BSIM '87 Whitney G. Tantleff, MSM '96 Carmine J.n Camerato, BSIM '83 Steven E. Mens, BSM '89 Robert D. Myers, BSIM '84 Robert L. Martin, BSM '85 Gregory R Velisek, BSIM '85 William D. Delhi, MSIA '64 Kurt A. Weston, BSM'88 Courtney G. Matlosz, BSM ^91 Occidental Petroleum Laurie L. Zaucha, MSM '93 James E.d Detamore, BSIM '78 Paul R. Mesing, BSIM ^73 Charitable Foundation Lisa E. Fewer BSM '82 National Instruments George E. Molchan, BSIM ^85 Diana R. Clem, BSIM '79 Pfizer Inc. James D. Gemmell, MSM '85 Caroline M. Cook, BSM '91 Jennifer M. Montgomery, BSM ^88 David E. LaBelle, MSM '72 Thomas W Christopher MSIA '71 James E. Homer MSM '85 National Starch & Chemical Gregory Moore, MSM '87 Steven N. Hirsch, MSIA '73 Paul C, Hvidding, MSM '76 Foundation Inc. Mark C. Niemeyer BSIM '91 Oce-USA Inc. Regina M. Moore, MSIA '89 Sean T Kelly BSM '89 Joseph R Simone, BSM '89 Dale E. Relyea, BSIM '77 JeffreyA. Scrogg.s, BSM'81 James M. Stecher BSM '88 Edward Kolakoski, MSM '71 Steven M. Robinson, BSIM '91 Catherine S. Lyons, BSM '86 National Steel Corporation StevenJ. Ruppel, MSM '83 Office Depot Inc. Phelps Dodge Foundation James R Raab, BSIM '66 Donna M. Craycraft, BSM '93 Kimbedy J. Skibba, BSM '91 David I. Fuente, MSM '69, HDR Debra K. McPherson, BSM '80 Harold L. Schwartz, MSIA '65 Melanie S. Wroblewski, BSM '95 Joyce E. Smith, MSIA '87 '95 James H. Weinberg, MSIA '84 Lynn M. Story, BSM '90 Susan M. Stalcup, BSM '87 Francis E. 1\jcker MSM '79 Olin Corporation PHH Foundation Inc. National Westminster Jerrod L. Stoller BSM '91 BartAn.WittmerBSM'87 Bancorp Charitable Trust Joachim Diedrich, MSIA '67 Tyrone G. Yee, MSM '78 Joseph C. Amato, MSM '75 NEC Research Institute Inc. Patricia M, Douglas, BSIM '80 Janet L. Hillard, MSM '83 Shunji Iliratsuka, MSM '89 Modus Media Intemational Nationsbank Fund Ontario Corporation Phibro Energy USA Inc. Kathryn M, Argentar BSM '83 I^e 0. Martinec, BSM '81 New England Business Foundation Inc. Jeffrey R. Serra, MSIA '83 Steven C. Mitchener BSM '81 Service Inc. Ronald K. Fauquher BSIM '73 Moen Inc. Philip Morris Companies Michael D. Monte, BSIM '79 Douglas W Brewer MSM '91 Gregory G. Gullaksen, BSIM '70 Osram Sylvania Inc. Inc. Howard Storm, MSIA '57 Nancy L. Dietmeyer BSM '80 Christopher M. Wachter MSM Barbara L. Boint, BSM '80 Monsanto Fund Bryan S. O'Mary, MSM '91 Nationwide Insurance '77 Kevin L. Bottorff, BSIM '77 Elizabeth M, Bostwick, MSM '89 Foundation New York Life Foundation Daniel L. Bylsma, BSIM '67 Peter J. Bostwick, MSM '89 Owens-Corning Foundation Stephen H. Nelson, BSIM '73 JamesW. Prech, BSIM'65 Landon E. Coleman, BSM '85 Kathryn A. Carl, BSM '87 Inc. Nicholas R. Repke, MSIA'57 Richard Dugger BSIM '71 Robert R Lawton, MSM '71 Nissan Motor Corporation Denis W. Chalwick, MSM '71 John F Ferguson, BSIM '86 Ronald R Mammarella, MSIA '78 NBD Bancorp in U.S.A. Frank E. Glover MSIA '85 Nancy L. Ilebert, BSM '82 David L. Morley MSIA '79 Charles E, Bostian, BSM '91 John Fr Bmski, BSIM '87 Robert I). Heddens, MSIA '63 Gerald E. Hough, BSIM '71 Robert B. Puyear MSM '67 Glenda L. Fisher BSIM '72 Mark E. Igo, BSM '80 Shawn E. Lambacher MSM ^81 Steven L. Hunt, MSM '93 MichaelJ. Size, BSIM'87 Julie A, Gmbb, BSM ^89 Douglas M. Lee, MSM ^92 Robert D.Jeter MSIA'73 GregA. leininger BSIM '74

29Krannert 1997-98 ANNUAL REPORT MATCHING GIFT COMPANIES AND DONORS

Roger E. Loesch, BSM '85 Gary W Spears, BSM'90 Rand McNally Foundation Safeco Insurance Company Siemens Energy & Charles E Martin, BSIM '74 Diderica M. Wiersema, MSM '83 James E Thompson, BSIM '75 Ray M. Egan, MSIA '70 Automation Inc. Jeffrey C.Meyer BSIM'87 KendraA. Kaucheck, BSM'92 John B. Bowron, BSIM '79 James E Myers, MSM '87 Procter & Gamble Fund Raychem Corporation James E Kokenos, BSIM '71 George R. Neher BSIM '77 Adam 1). Abele, MSM '86 Robert WLautner MSIA'67 Siemens Rolm BarbaraJ. Nemeth, BSIM '69 Pervis H. Bearden, BSIM '77 Salomon Foundation Inc. Communications Inc. Reader's Digest Foundation Paul E Schueth, BSM '84 Wendy S. Braun, MSM '95 Jeffrey R. Serra, MSIA '83 David G. Lyman, BSIM '72 Cynthia L. Tarpo, BSIM '82 LindaW. Clement-Holmes, BSIM Inc. Veronica R. Taylor BSIM '84 '82 Kathleen Moynihan, MSM '88 Salomon Smith Barney SIT Investment Associates Brian C. Thomson, BSM '84 Lisa L. Cooley BSIM '79 Charles B. Hintz, BSIM'71 Foundation Reliance Electric Company Randy S. Wagner MSM '89 Timothy E. DeLong, MSIA '87 John Th. Groton, BSIM '87 John C. Hieronymus, MSM '90 San Diego Gas & Electric Douglas E Whitemarsh, BSIM '88 Gerard A. Ellspermann, BSIM '74 Murvin S. Enders, BSM '86 Thomas A. Page, HDR '94 Sonoco Foundation Rexam Foundation Philips Electronics North Catherine M. Finley MSM '91 Daniel R Abemathy BSIM '85 Jeffrey R. Usher BSIM '77 Santa Fe Pacific Foundation Gary R.Gardinier MSIA 71 John M. Gmps, MSIA '76 America Corporation Jerry M. Engelhardt, MSIA '66 Donald K. Flagler MSM '89 Michael B. Graham, MSM '97 Rexnord Foundation Inc. Sony USA Foundation Inc. Thomas M. Gallagher MSIA '85 KimbedeyJ. Harvey BSM '93 William D. Schroeder BSIM '66 Sanwa Business Credit Kathleen M. Deutsch, BSIM '90 Caroline J. Johnson, BSM '83 Corporation Phillips Petroleum Gary A. Dickinson, MSIA '73 Allan L.Jones, BSIM'65 R.H. Macy & Co. Inc. Robert M. Callan, BSM '83 Hilary M. Wood, BSIM '79 Foundation Inc. Alan M. Kead, MSM '83 LindaA. Engel, BSM'84 Douglas R. Schultz, BSIM '72 Robert L. Hindman, MSM '67 William C. Knodel, MSIA '64 Southem California Edison BarbaraJ. Price, MSM '77 JeffreyC.Langston,MSM '91 Rhone-Poulenc Rorer Inc. Sara Lee Foundation Company Edward A. knnon, MSIA '65 Roger L. Repp, MSIA '66 Janice M. Auch, BSM'81 JosephJ.Wambold,MSL\'71 Pitney Bowes Inc. James A. Link, MSM '71 Charles L. Brougher BSIM '76 Rio Algom Mining Timothy L. Gesse, BSIM '74 Joann Mead, BSIM '67 Russell C. Goddard, MSM '71 Corporation Spectra-Physics Melanie K. Moody MSM '86 John T Martin, MSM '75 Polaroid Foundation Inc. Jeffrey Yon Guthier BSIM '88 David I. Morrison, BSIM '70 Robert R Luke, MSIA '66 StephenJ. Skripak, MSIA'87 Joseph R. Oldfield, MSIA '63 Chariotte A. Otto, MSM '76 Anne M. Strickland, MSIA '90 I^R Nabisco Foundation Spiegel Inc. James W. Richardson, MSIA '67 Potlatch Foundation II Kenneth B. Fade, BSIM '75 Robert A. Seljan, BSM '85 Stephen C. Rogers, MSIA '73 Sartomer David E Peterson, MSIA '88 Lydia M. Fewer BSM '82 John R. Rote, MSM '84 William E Wittig, MSIA '76 Sprint Foundation Edwin D. Garrison, MSM '84 PPG Industries Foundation Gregory E. Schiffli, MSM '94 James Berry, MSM '84 Marsha L. Smunt, BSIM '76 Sauer-Sundstrand Company Jennifer L. Goings-Smith, MSIA James E. Schlaudecker MSM '88 Douglas S. Christopher BSIM '79 William D. Classman, BSIM '74 '84 KristinaJ. Searle, MSM '75 Rockwell International NC Crowley MSM '92 Francis W.Stanton, MSIA'63 Jonathan R. Hamm, BSIM '68 Jerry J. Piatt, BSIM '65 Corporation Trust SBC Foundation Roger C. Stewart, MSIA '74 LindaA. Pickett, BSIM'76 Gavin W Sinclair BSM '83 Peter E. Gleszer MSM '70 Cyms H. Elting, MSIA '65 Carl E. StoUenmeyer MSIA '67 Richard A. Preston, BSIM '68 Thomas C. Wagner BSIM '67 Richard B. Heavilon, BSIM '69 BojanaR. Mamuzic,BSIM'84 Denise L. Stuart, BSM '84 Mark A. Titus, BSIM'80 Thomas W. Martino, BSIM'79 James E Watkins, MSIA '72 Praxair Foundation Inc. Andrew M. Sumutka, PhD '73 PatriciaA. Murphy BSIM '72 Daniel G. Barton, BSIM '77 RichardJ. Vass, BSIM '72 SPX Foundation James L. Serpe, BSIM '74 Schein Pharmaceutical Inc. Matthew E. West, MSIA '91 RonaldJ.Jensen,BSlM'71 GaylaR.WesnerBSlM'79 RichardJ. Yukmanovich, BSIM Premark International Inc. Thomas C. White, MSIA '62 '70 Square D Foundation Sean C. Dolan, BSM '87 Kevin B. Wise, MSM '95 Rohm and Haas Company Larr\' D. Gable, BSIM '65 Margaret M. Gordon, BSM '82 Christina S. Wright, MSIA '90 Schering-Plough Joseph I. Bratspis, MSIA '59 Amelia A, Huntington, MSM '93 Foundation Inc. PricewaterhouseCoopers Martin Schmid, MSM '73 Susan M, Li, BSIM '95 Productivity Point John C. Nolte, BSIM '78 Lawrence B. Swerling, MSIA '66 Stephen A, Little, BSIM'70 Foundation International Robert H, Pearson, BSIM '78 David Y Banks, BSM'92 Ryan R. Kelsey BSM '95 R.R. Donnelley & Sons Scientific-Atlanta Inc. Robert H.Scott, BSIM'81 James M. Barrett, MSM '75 Company William E. Kassling, BSIM '67 DonaldJ Brodine, BSM'88 Provident Companies Inc. Sarah E. Stiene, BSIM '86 Christine M. Andersen, BSIM '86 Jeffrey F Bmgos, MSIA '67 LeeA, Herdle,MSIA'77 Scott Fetzer Foundation Kathryn M. Argentar BSM '83 SRA Technology Training Rebecca Chien, MSM '85 Marcus B. Cassady, MSM '97 John R. Barbee, BSIM '69 Matthew J Dusanic, BSIM '81 Prudential Foundation Edward D. Royal, BSIM'67 Michael R. Duffy BSIM '70 Robert G. Filer BSIM '67 Frank Centofanti, BSM '88 Sedgwick James Inc. RobertJ. England, BSIM '75 St. Paul Companies Inc. BradleyJ Heilman, MSIA '94 Joseph M. DiNatale, BSM '81 Ross S.Taylor BSIM'71 John M. llelmreich, MSM '73 DeboraA. KarstetterBSM'81 Jerry LJana, MSIA'64 JeromeVB.Jefferds,BSIM'68 Susan M. Korte, BSM '85 Shaklee Corporation Deborah SJohnson, BSM'80 James C. Murray BSM '92 Perry L. Martin, BSM '90 DavidW Clarke, BSIM'70 Standex International LisaMJohnson,BSM'92 David M. Smith, BSM '84 Craig D. McCarthy BSM '80 Corporation Tracy LJones, BSM'88 Karen M. Mitchell, BSIM '79 Shell Oil Company William A. Super BSIM '75 David R Kress, MSM '91 PSI Foundation Inc. AmandaJ. Rehm, BSM '93 Foundation Edward R Littmann, BSM '93 Michael C. Lyle, BA '64 Alden R Them, BSM '90 Jerome Adams, PhD '77 Stanley Works William L MacAdam, MSM '87 Quaker Oats Foundation Rubbermaid Foundation Emest K. Hewett, BSIM '78 Diane D. Becken, BSIM '85 Richard E. Makara, BSM '92 StevenJ. Armond BSM'91 CathyA.Ches.s,MSM '87 William G. Krejci, BSIM '69 MelissaJ Meer BSM '94 State Farm Companies Kathy L. Marshall, BSIM '89 Steven R. Natenberg, BSIM '72 Charies R Meyer BSIM '67 Foundation Annetta I. Moses, BSIM '85 Rust-Oleum Corporation Meghan E. "Rirley MSM '90 Margaret M Molter BSM '90 Kenneth H. Bobbe, BSIM '68 Gary RRietz, BSIM'78 Donald T Badgley BSIM '79 Denis C Picard, MSM '84 Laura M. Brandt, BSIM '82 Lisa G.Schwartz, BSM'85 Sherwin-Williams Thomas G Rust, MSM '96 Ryder System Charitable James D. Covert, BSIM '69 Paul Tmskey BSIM '73 Foundation Karen TSalay BSIM'91 Keith W. Flexsenhar BSM '91 Ralston Purina Company Foundation Inc. Michael T Jones, BSM'89 Michelle R Sample, BSM '89 TroyW.Justice, BSM'88 James R. Dimitri, BSIM '91 David I. Fuente, MSM '69, HDR Max L. Schaffer BSIM '74 Richard A Sayers, MSIA '85 April M. Kem, BSM '92 Thomas R Pollihan, MSM '88 '95 JulieASheddBSM'86 HaroldJ,Kes.slerBSIM'70 Georgina Sikorski, MSIA '81 Leslie A. Leopard BSIM'87 Susan L Skedd, BSM '81 Neelam Y Patel, BSM'91 Michael E. Liesman, BSM '82 Gary M Smith, MSIA '96

27 Krannert 1997-98 ANNUAL REPORT BradfordA. Logan, BSM'80 Texaco Foundation Yvonne M. Sinha, MSM '92 The USF&G Foundafion Inc. Wisconsin Energy Karen Marty, BSM '85 Mary C. Boemmel, MSM '87 John H. Smith, MSIA '85 Jerome Adams, PhD '77 Corporation Foundation Thomas C. Million, BSIM '70 Keelin Y Molloy BSIM '79 Gerald W.Thomas, BSIM'78 Richard G. Springer MSM '72 Inc. Ronald C. Morgan, BSIM '77 Paul E. Pettier MSIA '59 John E Welch, BSIM '78 Walter H.Clarke, BSIM'70 Marsha S. Patterson, MSIA '77 Douglas M. Stuart, MSIA '59 Unilever United States Michael A. Ricafort, BSM '95 Foundation Inc. USX Foundafion Inc. WMX Technologies Inc. Brian T Smith, BSIM '81 Texas Commerce Bank BarbaraA. Miller BSM'90 GaryW. Coval,BSM'84 David L. VanDmnen, MSIA '86 Jennifer M. Swanson, BSM '93 Foundation Inc. Ray Q. Scholes, MSM '78 Larry G. Webb, BSIM '70 Mary Sun, BSM'81 Union Pacific Corporation Suellen V Schwobel, BSIM '75 Wolf Technical Services Inc. Thomas F Tryner BSIM '84 David F Shafer BSIM '72 James Casassa, MSIA '71 Steelcase Foundation Texas Instruments Gregory R Vale, BSM'91 United Technologies Bradley S. Berkshire, BSM '81 Foundation David E. Workman, BSIM '66 W.W. Grainger Inc. David Guelker MSIA '73 Laura L. Clegg, BSIM '78 Corporation Douglas W. Peterson, BSIM '84 Rick Gesue, MSM '63 Heather E Beering, MSIA '92 Viskase Corporation Stream International Xerox Foundation David B.Gill, MSIA'81 John E Beering, MSM '97 Gregory Hall, MSM '97 MaryAnn Benecke, BSM '87 James R. Burchett, MSIA '65 Kathryn M. Argentar BSM '83 LeeA.Woodmm,BSIM'77 Eric R Bobby MSM '94 Vulcan Materials Company Terry R. Coggeshall, MSIA '73 Sulzer Orthopedics Inc. Textron Charitable Trust Strother H. Brann, MSM '93 Kevin D. Cox, BSIM ^88 Rebecca L. Gallagher BSM '89 Margaret B, Reed, MSM '93 I^e A. Herdle, MSIA '77 Norman Callahan, MSIA '70 Thomas W. Rape, MSIA'72 Edward E. Reed, BSIM '75 John W. Mayers, MSPPPA '82 Chades F Christman, MSIA '6l PaulJ. Szych, BSIM'65 Summit Group Inc. Wachovia Bank of North Margaret A. Mixon, MSM '86 StevenJ. Covert, BSIM'73 Jeanne A. Trimm, MSM '75 Alicia A. Garatoni, MSM '85 James K. Rogers, MSIA '75 Mark A, Davis, MSM '93 Carolina Richard S. Wrobleski, BSIM '62 Lynne C. Wiegand, BSIM '91 William Y Fiacco, MSM '91 Nancy L. Glander MSM '79 Thiokol Foundation Marsha L Smunt, BSIM '76 Young & Rubicam Sun Microsystems Steven R Gearhart, MSIA '89 Alfred F Trausch, MSM '89 Charles E, Godfrey MSIA '65 Foundation Foundation Inc. Wal-Mart Foundation William R Gooding, MSM '93 Ana Dan, MSM '93 Angela D. Hollingshead, BSM '80 Thomas J. Lipton Gregory M, Gormley MSIA '91 Spencer Rakes, BSIM '92 James T. Judson, BSIM '77 Foundation Inc. Michael A, Greenwald, MSM '95 Zurich Kemper Investments John Oosterhouse, MSM '88 Warner-Lambert Company Luke D. Logan, BSM '85 Stephen L, Hale, MSM '92 Lynn A. Wechsler BSM '92 Allison Auerweck-Campbell, BSIM Frederick B.Johnson, BSIM '71 Sundstrand Corporation Tigerpac Inc. '86 3M Foundation Inc. KariJ. Krapek, MSIA'72, HDR'98 Foundation Jerrv' G. Thompson, BSM '90 Michael C. Streb, MSM '90 Gregory A. Cripe, BSIM '69 Deborah L. Lua, MSM '90 John L. Jasniewski, BSIM '73 Gary L. Griswold, MSIA '68 Nancy R. Marianowski, BSM '90 MichaelJ, Roberts, BSIM'67 Time Wamer Inc. Washington Post Lonny W. Ledbetter BSIM '71 Marco Mazzu, MSIA '90 Warren L.Johnson, BSIM'79 William RJohnson, BSIM'79 Pamela A. Newcome, MSM '86 Christopher A. Roythress, MSIA Suntrust Bank of Atlanta Michael F Stavreff, MSM '89 •78 Wells Fargo & Company Foundation Times Mirror David G. Williams, BSIM '76 John F Cioci, BSM '95 Jerry L. Smoiek, MSM '73 Niles E. Redden, BSIM '72 Donald B. Rice, PhD '65, HDR Richard A. Nash, BSIM'61 Gery E. Richards, BSIM '73 •85 Toro Foundation Eric C Rossol, MSM '97 Swiss Bank Corporation DavidJ. Korty, BSIM '72 James C. Scheg, MSM '91 Westinghouse Air Brake Elizabeth A. Zeltner BSM '94 WaldemarC. Sharpe, BSIM'91 Company Toyota U.S.A. Inc. Mark E, Shepard MSM '94 William E. Kassling, BSIM '67 Synoptics Communications Julia L. Cassady MSM '97 Michael D. Vanderspool, BSM '87 Inc. Audie R. Freeman, BSIM '79 Richard W.Watson, MSIA'91 Westinghouse Foundation John H. Hahn, MSIA '79 Kathleen E. Wachs, BSM '83 John C. Wertz, PhD '66 Wayne E. Barksdale, BSIM '76 Mark D. Wheaton, MSM '94 MarvinJ. KoleszarBSIM'64 Travelers Foundation Syntex U.S.A. Inc. Leslie E. Yerger BSIM '84 Jill M. Makinak, BSIM '90 PatriciaJ, Decker BSM '81 Kathryn M. Del Pino, MSIA '79 Daryoush Ziai, MSM '89 John M. McLean, BSIM '72 John H. Nicolaus, MSIA ^61 Tricon Foundation Inc. Tastemaker Unitrin Inc. Kaia L. Phillis, MSM '85 Scott R. Haner MSM '81 Rebecca L. Anderson, MSM '80 Scott Renwick, BSIM '74 Westvaco Foundation Tropicana Products Inc. Tektronix Foundation Universal Foods Tara R. Burlas, BSM '86 Michael S. Greene, MSM '76 David G. Bates, MSM '80 Foundation Inc. Linda D. Cribbs, BSIM '86 James R GowgieL MSM '94 Patricia S. Wagaman, MSM '76 Edward K. Kelley MSM '72 David W. Critchley BSIM '85 James G, Thompson, MSIA '58 Teledyne Charitable Trust TRW Foundation ChrLstopherT Ball, MSIA'87 Universal Studios Inc. Foundation Whirlpool Foundation Cad R. Bandy BSIM '77 Patricia S, Wagaman, MSM '76 Donald B. Rice, PhD '65, HDR Alloyd R Blackmon, MSM '88 Max K. Biery, MSIA '85 '85 UPS Foundation Inc. MitchellJ, Fanti, BSM'80 Christopher S, Bucich, MSM '91 Roy M, Brock, BSIM '72 David S. Griggs, MSM '92 JeffreyA, Calkin.s, MSIA'84 Temple-Inland Foundation EdwinJ. Buckley BSIM'85 Alan M. Holaday BSIM 71 Glen L. Carroll, MSM '88 GregoryJ. Cagnassola, BSM '84 Ranganath S. Nuggehalli, PhD Eugene C, Huff, MSM ^90 Rodrick H. Chatt, MSIA '59 Paul A. Calvert, BSLM '73 '93 Michael L. Huie, MSIA '89 Stephanie S. Covington, MSM JamesA. Griffiths, BSIM'66 Kenneth R. Otto, BSIM '73 Gary R. Manih, MSM '76 John T Kirschner BSM '87 '95 Kathleen A. O'Connor BSM '82 Duane D. Meyer MSM '92 Jerry B. Elledge, BSIM '64 US West Foundation Jerry L. Pfister BSIM '76 Joseph E. 1\irk, MSIA '67 Peter J. Fosnough, MSM '91 Silvano DiFonzo, MSM '91 Jennifer J. Stuart, MSM '87 Martha S. Hefling, MSM '77 Sean D. Mee, MSM '96 Tenneco Inc. Michael S. Hoyt, MSIA '89 William Wrigley Jr. Barry B. Beeson, BSIM '70 Mary E. I.ewis, MSM '93 USA Group Company Foundation Nanq E. Buehler BSIM '79 DavidW. Marten, BSIM'77 Rosanne F Burge, MSM '89 Jerry M. Burke, MSM '83 William L. Coorsh, BSIM '78 Paul I). Pratt, BSIM '70 Rebecca Cline, BSIM '72 Samir Gupta, PhD '95

29Krannert 1997-98 ANNUAL REPORT STAFF PROFILE FACirosw BARBARA G. DOSTER byfS. Martin '^tiW5 time friend and colleague, noted: "To say that Barbara is truly a student After 22 years of service to the School A Positive Attitude kind of service they are providing for service professional is an understate­ of Management, Barbara G. Doster, Students appreciate Doster's positive the students. ment. Student service has claimed the director of management undergradu­ attitude and her genuine interest in From a very small scholarship highest of commitments in her life." ate programs, retired on February 8, them. In 1990, the School of Manage­ program in the eariy 1980s, scholar­ Doster's other awards include in 1999. ment Student Council established in ship awards grew to $36l,906 in the 1982 the Richard McDowell Outstand­ her honor the Barbara G. Doster Posi­ fall of 1998. More than I60 students ing Counselor Award from Purdue's Dedicated to Students tive Attitude Award. Funded by an received awards in 1998. "The develop­ chapter of Omicron Delta Kappa; the From her first appointment as a part- endowment made possible by contribu ment people; Dennis Weidenaar, our Helen B. Schleman Gold Medallion tiine advisor in 1977 through her tions from students, staff, alumni, her dean; Kae Moore, assistant dean for Award for "contributions and concern current administrative position, Bar­ family and friends, scholarships are development; friends; corporations; for women students, encouragement of bara Doster has touched the lives of awarded each year to students who as and alumni have all been very sup­ women in academic and professional hundreds of students with her deeply undergraduates participate in leader­ portive of providing merit awards for areas, leadership, service, scholarship, caring attitude and her unswerving ship activities, reach for our young people," and character" in I988; and in 1991 dedication to their personal and intel­ career goals, and always Doster says. the Special Boilermaker Award from lectual growth. Her colleagues on the have a positive attitude. Although much of the Purdue Alumni Association. management undergraduate advising "Rventy-one scholarships her work as director has To honor Doster's years of dedi­ staff refer to her as an "extra mile" have been awarded to been administrative, cated service to students, the School of person, someone who is always willing date. Uoster cherishes the Management Council has named its to see one more student, teach one Recipient of the 1995 opportunities she has first leadership forum the Barbara G. more class, host one more informa­ award, Greg Zabor BSIM had to continue to Doster Leadership Forum. The forum, tional session, and advise one more '96, is now merchandise advise and counsel held February 5-7, brought together student organization. control manager at students—advising the students and company representatives "Barb is probably the most dedi­ ARAMARK Corp. While School of Management for three days of leadership develop­ cated person I've ever met. She has an undergraduate, Greg Council, meeting with ment presentations and small group been very successful in her role as served on the School of the 12 student organi­ interaction. Barbara G. Doster advisor, and she has also been a joy to Management Council. zation presidents once a Retirement Plans work with on administrative issues," "Barbara Doster was month, working in the Those who know Doster suspect that says Prof. John "Jack" W. Hatcher always easy to work with, always help­ 3-1-2 program and the study abroad her "retirement" will be as full of director of undergraduate manage­ ful when you had a question about program. "I have been privileged to activities as her work life. Right now ment education. "She has a heart of scheduling, activities, or anything that give my energy, enthusiasm, and edu­ her plans include visiting her four gold pumped by an inexhaustible was going on at Krannert. Her door cation over the past 22 years to advis­ children and eight grandchildren, six supply of energy. This has translated was always open," he says. "Working ing college students. Knowing students, boys and two girls who range in age into an immeasurable volume of car­ with Barbara was always a pleasure, lending them support when it is from one to fourteen. And she intends ing, thoughtful advising offered to a and 1 know that everyone in the School needed, valuing them as growing, ever- to travel—not aimlessly but with a list of students too long to count. At the is going to miss her" changing human beings, respecting same time she has promoted the high these young people, and listening as purpose: she thinks it would be inter­ academic and professional standards Program Development they share with me where they are, esting to "follow the harvests" with her of the faculty, maintaining a balance Asked to comment on some of the fulfills my goal to be a helpful catalyst husband, Howard, a Purdue associate between the academic program and programs she has helped to develop, and counselor" Doster says. professor of agricultural economics. the students'needs." Doster mentioned the freshman They will start in March with the As director of undergraduate pro­ mentoring program, the staff's cre­ Honors and Awards family's annual outing to tlie Tlirkey grams, Doster has supervised advisors ation of an electronic sign-in as part of Doster has received many honors and Run State Park Maple Syrup Festival and support staff and supervised the the University's Excellence 21 continu­ accolades throughout her career Most where Doster looks forward to doing directing of cooperative education and ous improvement project, and the recently she has been honored as a some watercolors to use to illustrate internship programs and the recruiting growth of the scholarship program. 1998 National Academic Advising books for her grandchildren. She plans and retention programs. In addition, She is quick to point out that all have Association (NACADA) Outstanding to get back to art—especially water- she has coordinated the introductory been the result of the talent and hard Advisor Award winner This award colors and oil painting. She is also MGMT 100 course for first-year stu­ work of the staff. recognizes individuals who are making exploring some part-time consulting dents and represented the School on Doster calls Erik Props, advisor significant contributions to the im­ opportunities in advising. undergraduate student committees and coordinator of computer services, provement of academic advising. such as the School of Management the brains behind the electronic sign- In February 1998, she received the If you are interested in support­ Council, the Presidents' Council, the in for StudenLs. Through its u.se, the Outstanding Academic Advisor Award ing tlje Barbara G. Doster Positive Enrollment Assistance Group, and advising staff has been able to calcu­ presented by the Purdue Academic Attitude Award, please indicate on Parents Day. late how long students wait, whom Advising Association (PACADA). In tl)e enclosed respomeform that your they see, how much time they spend nominating Doster for this award on gift u! designated for the award. with the advisor and what is discussed. behalf of the staff of the Krannert This allows the staff to fine-tune the advising office, Sonja N. Wise, a long­

Krannert I'ortfolio 29 Winter 1998-99 F AC

Coury Named Assistant administrator, Morton High School; functions of the center conducting ways to improve inventory manage­ Director of Development corporate trainer for Oxford Develop­ outreach activities, administration ment for the Chinese supermarkets, Barbara Coury joined the Krannert ment Corp., Indianapolis; and pre- and development of faculty and stu­ then those strategies offer opportuni­ development staff in November 1998 vocational education coordinator for dent programs, and development of ties to U.S. manufacturers." Iyer says in the newly created role of assistant Logansport Community School Corp. the industrial partnership stewardship potential U.S. food manufacturers face director of development. She is respon­ and Delphi Community School Corp. program. competition from European and sible for managing the Krannert Fund, He was named Purdue Academic Before joining DCMME, Japanese companies already cultivating new donors, Advising Association's outstanding Wassgren was a mechanical involved in China. and directing the content academic advisor in 1993- design engineer for GE Project manager Jane of this magazine. Sanders eamed a BS and an MS in Aircraft Engines, a mechani­ Anderson, agricultural Coury previously was industrial education from Purdue. cal systems engineer/leader economics, and Prof. Gavin a research scientist at for Hughes Space & Commu Sinclair, School of Technol­ Steuterman Joins Executve Bioanalytical Systems, nications, and a technical ogy, are working with Iyer to Education Programs West Lafayette, Indiana, services engineer for Inte­ organize their findings for Erika Steuterman has been named the and was a post-doctoral grated Support Systems. Sarah Wassgren U.S. managers, outlining Barbara Coury fellow in neurology associate director of Krannert's execu­ Wassgren has a BS in different products and their research at Duke Univer­ tive master's programs. She assists in aeronautics and astronautics engi­ associated inventory agreements. sity. Her experiences with new the program administration and neering from the University of Illinois The seminar is funded by a U.S. product development and development of the School's and an MS in mechanical engineering Department of Agriculture grant. strategic marketing research executive degree programs, from the University of Southern Haveman Receives Awards will be an asset as Krannert especially the Executive California. moves from heavy depen­ Master's in Management for Economic Service Iyer: Chinese Supermarket dence on direct mail to more (EMS), Intemational Prof. Jon Haveman, economics, active methods of Master's in Management Seminar to Help U.S. Food received Superior Honor Awards from fundraising, including a (IMM), and the Executive Manufacturers both the U.S. Department of State and volunteer stnjcture for face- Master's in Management The eventual goal of a spring seminar the Department of Transportation. He to-face solicitations. Erika Steuterman Weekend programs. on inventory management for Chinese spent the 1997-98 academic Steuterman previously Coury eamed her BA in psychology supermarket executives by Purdue's year in Washington, D.C, was a registered representative of from Eastern Illinois University. She Center for Agricultural Business is to as a senior economic CIGNA Securities, Dallas, Texas; on- has a PhD in psychology from South- develop information of use to U.S. adviser to President camera spokesperson and em Illinois University. food manufacturers inter­ Clinton. The awards were professional narrator ested in the Chinese market, in recognition of his work Sanders Directs Undergrad Pastorini-Bosby Talent says Prof. Ananth Iyer, on the U.S.-Japan Civil Programs Agency, Houston, and Act operations. Aviation Agreement. One Talent Agency, India­ .Michael Sanders, with the School Iyer recently traveled to Haveman and colleagues Jon Haveman since 1997, is the new director of napolis. She is a colonel in Shanghai with colleagues to from the two departments management undergradu­ the United States Air Force learn more about the evolv­ negotiated more landing sites in Japan ate programs, replacing Reserve, and serves as ing Chinese retailing envi­ for U.S. commercial air carriers. mobilization assistant to the Barbara G. Doster Sanders Ananth Iyer ronment. Shanghai has Book Awards for Barron directs undergraduate director of intelligence, about 800 supemiarkets; in advising, placement, and headquarters. United States European 1984 there were none. The Purdue Prof. Jack Barron, economics, has student retention and Command, Stuttgart, Germany group gathered cases and other received awards for two books. Con­ recmitment efforts. His Steuterman has a BA in French infonnation to be used in the April 21 sumer Attitudes Towards Credit challenges include main­ and an MSM from Purdue. to May 4,1999, seminar at the Insurance, (co-author: MikeStaten), Kluwer Academic Publishers, 1996, Michael Sanders taining the size of Krannert Center for Executive Educa­ Wassgren is New DCMME Krannert's undergraduate tion and Research. received the 1997 Elizur Wright Award program and the high quality of its Assistant Director "We would like to identify alter­ from the American Risk and Insur­ student body despite fluctuations in Sarah Wassgren is assistant director of nate strategies that can be used to ance Association as "an outstanding the population of college-ready the Dauch Center for the Management penetrate the market," Iyer says. "Our original contribution to the literature individuals, as well as improving on of Manufacturing Enterprises. She is reasoning is that if we can identify of risk and insurance." Princeton the School's already excellent results responsible for the administrative University's Selected References, in job placement and intemships. Industrial Relations section, cited On- the-job Training, (co-authors: Dan Sanders' previous experience HTTP:/WWW.MGMT.PURDUE.EDU/TIMER includes the assistant directorship of Black and Mark Berger), The Upjohn management undergraduate pro­ A w/ealth of information and pertinent links on topics such as Foundation, 1997, as one of 15 grams, head academic adviser in the international marketing; strategic marketing; distribution, noteworthy books in industrial rela­ sales, and retailing; and legal and ethical aspects of marketing Department of Electrical Engineering tions and labor economics for 1997. and competitive intelligence are available at this site created Technology at Purdue, SAT test by Prof. Patrick Duparcq, marketing.

Krannert Portfolio 30 Winter 1998-99 F AC

Prof. Susan Watts: Whispers Heard 'Round theWoiM by Andrew Greta, MSM '99

On May 19,1998, Dell Computer How to Profit posted second-quarter earnings of If whispers are indeed becoming $0.44 per share compared with the de facto benchmark, how can $0.27 the previous year — a full individuals profit from the phe­ two cents above Wall Street's nomenon? According to Watts, a consensus forecast and a 63 per­ strategy of buying stocks with Because whispers hail from a however, spawned nearly the mass cent year-over-year gain. Normally, whisper forecasts above the official variety of obscure origins, includ­ media fervor as "Whispers and firms that "beat the street" in the consensus and holding them for ing private industry insiders and Shouts," which was covered by quarterly earnings game are duly five days preceding the earnings brokerage house stock analysts Money Magazine, U.S. Neivs & rewarded on the open market with announcement beat the market by who fail to update their official World Report, Smart Money, and a sharp rally in their stock price 1.78 percent on average net of forecasts, the team had to don Individual Investor along with a following the announcement. transaction costs. To put this in detective hats and play sleuth in dozen major-market newspapers, Instead, DELL investors were perspective, a 5,000-share trade on the dark corners of Wall Street to including the LA. Times. treated to a complementary hair­ a $34 stock with a 3/8 spread and secure their data. "It started to Watts has begun several follow- cut when the market lopped nearly $80 round-trip commission would become a big game as to how we up studies including a look at the 3 points off the stock and left it have returned $1,071 more on could find the numbers," accord­ effects of whispers in foreign cowering by the end of the next average than investing in the S&P ing to Watts, who ended up discov­ markets and research into how trading session. 500 over just one business week. ering a treasure trove of whispers pre-announced eamings influence Heady news for those who feel that on Internet bulletin boards like stock prices in the U.S.. With her Whispers Speak Loudly beating the market is all about Silicon Investor. A detailed statisti­ willingness to tackle ambiguous So what happened? Why did luck or insider information. cal analysis of the data resulted in but timely problems, and ability to seemingly positive news cause a the study's conclusion that the translate those findings into high performance stock to sputter Playing Detective unofficial numbers are becoming actionable, real world solutions, and stall? According to Prof. Susan Watts' interest in the whisper the market expectation for quar­ Susan Watts already has made a Watts, accounting, the culprit is a number phenomenon began in terly performance. Savvy traders tremendous contribution to our mere whisper Whisper numbers, January 1997 when she read an can benefit from a short-term buy understanding of the rapidly that is — those unofficial earn­ article in the Wall Street Journal and hold strategy before official changing new market economy ings estimates that circulate about the topic. "The piece gave a eamings announcements are and helped solidify Krannert's among individual investors and few examples of stocks showing published. reputation as a world-class center institutions, often on the Internet. some unexpected market action for business research. In her recent landmark study, supposedly related to unofficial In the News "Whispers and Shouts: Forecasts of whisper forecasts," she recalls, Watts came to Purdue in 1997 after Quarterly Earnings per Share," "but most of it was just specula­ a five-year stint at lU, where she Watts concludes that the wwofficial tion." Inspired to find out more, won the Student Choice Teaching whisper forecasts, not the official Watts set out with her colleagues Award among other accolades. Her Wall Street numbers, "are increas­ Mark Bagnoli, University of Michi­ past research in the areas of stock ingly becoming the true market gan, and Messod Beneish, Indiana trading and corporate accounting expectation," for a given stock's University (lU), to find the truth issues eamed credits in numerous quarterly performance. The sur­ about whisper numbers and their academic publications including prising result is that investors effect on the market. Ihefoumal of Financial Markets armed with this knowledge can and Research in Experimental actually eam above average re­ Economics. None of her past work, turns in the market with some simple trading strategies.

Krannert I'ortfolio 31 Winter 1998-99 Titanic Sinks; stock Returns E>o, Too Reported in Business Week, December 7, 1998 EDS Case Cliailenge Team

In the Titanic's case, conventional that the market-adjusted returns on Undergraduates (at right) Brian views that the stock market was less Intemational Mercantile Marine's Jacks, Russell Clark, Salman efficient in the data-poor days of the (IMM) common and preferred stock Mukhtar, and Carrie Campbell trav­ early 1900s just don't hold water. over the two-day period were equiva­ eled to Piano, Texas in November EDS Case Challenge team PhD candidate Arun Khanna, lent to a decline of $2.6 million in the 1998 to compete in the annual EDS finance, estimated the impact of the value of IMM; the company suffered a Case Challenge. The team made it Big Ten Case Titanic's sinking on its company's $2.5 million actual net loss due to the from the preliminary round of 48 Competition Team stock shares by examining price sinking. competitors to the "sweet sixteen" Cynthia Campbell, MSM '99; Randall movements relative to the Dow Jones Khanna also won the American semi-final round. Hountz, MSM'99; Erol Eskinazi, MSM industrial average on April 15 and 16, Finance Association's contest for pre­ '00; and Katrina Spear, MSM '99, 1912, the day news of the disaster dicting the Dow's close on the last day represented Krannert in the Big broke and the day after of 1998. His guess, 8878, was the clos­ Ten Case Competition held at The In an article in the Financial est to the actual value of 9181. Ohio State University in February. Analysts Journal, Khanna calculates The team analyzed and presented strategies for KFC's global mar­ keting efforts. Campbell received National Black MBA one of three "Best Speaker" Conference Case prizes. Competition Team EMPLOYERS FORUM

Marlon Farlough, Jevon Gordon, THE ANNUAL CAREER FORUM FOR UNDERGRADUATE STUDENTS Dametra Jackson, and Louis Will­ •Master's Career Assessment Conference and Job Fair iams, all MSM '99, competed in the BROUGHT 70 COMPANIES TO CAMPUS ON SEPTEMBER 10, 1998. THE 1998 Student Case Analysis and Pre COMPANIES RECRUITED FOR PERMANENT AND/OR INTERNSHIP Sixteen of the 50 companies attending sentation Competition spon­ the annual job fair for master's stu­ POSITIONS. THE CONFERENCE IS sored by Chrysler dents also took part in the career Corporation and Chrysler SPONSORED AND ORGANIZED BY THE conference. During the conference, Financial Corporation at the students attended several presenta­ SCHOOL OF MANAGEMENT COUNCIL. 20th annual National Black tions on career tracks in various man­ MBA Conference in Detroit, agement functions. Recruiters Mich. The team completed attending the job fair for the first time the first round with favorable included DKM, DowAgro Sciences, feedback from the judges. Lexmark International, Oracle Con­ sulting, Owens Corning, Peterbilt, Philip Morris, RWD, Ryerson The Society of llill, and Zimmer Career Conference

I he annual conference, organized by students, attracted 60 companies on September 30,1998. Jayson Canady, president of the Society of Minority Managers says, "Some com­ panies that have not actively recruited attended this yean They included undergraduate students in the School Deloitte & Touche, Walgreen's, Best of Management through career fairs Buy, Eli Lilly, and General Mills."

Krannert I'ortfolio 32 Winter 1998-99 ws

Fail 1998 Undergraduate Schoiarships

AlliedSignal, Inc., Scliolarship Crowe Chizek and Company Olive LLP Scholarship Jason E. Ivy LLP Scholarships Eric J. Hinkle Amoco Corporation Carrie E. Klockow Fred B. and Mary F. O'Mara Scholarships Jeremy D. Miller Scholarship Danielle E. Clow TroyAStiffler Donald G. Haley Jacqueline R. Hall Peter A. Dora Alan and Mildred Peterson Stephanie L. Lishewski Scholarship Awards Charitable Foundation Migual D. Patterson Troy Countryman Scholarships Andrew B. Reffett Kathleen O'Brien Thomas M Hinkle Arthur Andersen/Andersen Donald "Jerry" Ehrlich Jason E Klingaman Consulting Scholarships (Wabash National) Holli C. McCormick Lauren M. Davies Scholarships JoeWe Hausberg, MS/W, AlliedSignal intern; Jason E. ivy, Amanda M. Ross BSM, AlliedSignal, Inc., Scholarship recipient; and Dean Tara L. Emery MarkJ. Brooks Dennis Weidenaar Peterson-Lawrence Lynn C. Wesseler Andrew D. Burke Scholarships Bank One Scholarship Jeremy C. Minkert A Brooke Anderson Wm. George Harter Memorial Amy M. Cota John M. McCarthy Tasha R. Pfledderer Lisa M. Berkemeier Scholarship Robert S. Grimm The Comell A. Bell Business Edward D. Sigler Jill M. Dickey Jamie M. Thomas Matthew L. Hall Opportunity Program Uyen K. Th Robert B. Hoffner Anne M. Hefner Director's Scholarships Ernst & Young Scholarship Heller Financial Scholarship Tma Jiang Lisa M. Hughes Taurese L. Edge Russell E Clark Tiffany L. Morris Jacob M. King Lori C. Kleinrichert Catherine N. Parr JebediahJ. Makula EverBhan, Inc, Citation of Winfield R Hentschel Royce M. Lippert Kenya N. Preeman Vivek S. Radia Academic and Leadership Memorial Scholarship Lindsay A. Maasberg Erin N. Green Sarah A. Robertson Excellence Scholarships Matthew A. Holsapple Kathryn E. Marlatt Mungai Kinya William R Phillips Indiana CPA Educational Andrew W. McMillin Phillips Petroleum Jonathan D. Lengar Janel L. Taueg Foundation Scholarship Amy K. Miller Scholarship Summer A. MacDonald Andrea D. Livesay KariJ. Mueller Dustin T. Smith Raymond A, McMurtry 'W'alter Fritsch Memorial Matthew L. Vowels Latosha S. Preston Scholarship Eleanor 0. Kaplan Memorial Pioneer Award Elvin A. Simpson David W. Hanson Scholarships Management Scholarships Charius M. Haney Cheri L. Beard Joshua T Brumm Norman P. and Karen Blake, General Electric Scholarship Kenneth S. Rozwat Jill M. Dickey Caroline E. Campbell Jr., Leadership Scholarships in Morry C. Davis Scholarship Amanda D. Dunn Krannert Alumni Scholarships Andru L. Witherspoon Management Cecil A. (BSME 1933) and Tina Jiang (First-year awards) Scott S. Prantz Mabel Lene Graves Hamman Nathan A. Rasmussen George H. and Gertrude Jessica A. Mulligan Scholarships in Management Laith S. Al-Agba J. Schifif Scholarship Chad M. Pulley Karin E. Hanns Lisa A. Bauer Manufacturing Management Margaret L. Strain Brian t Belloli Scholarships Susan Bulkeley Buder Summer A. King David N. Scott Memorial Pamela M. Brooks BradleyJ. Anen Scholarship Matthew L. Petkovich Scholarships Matthew C. Byme Nathan L. Barrett Michell R. King Benjamin J. Pheasant Sasha A. Dressier Jason A. Bokina Mark A. Myers Gregory W. Brown Nicholas R. Pangere Cara L. Budreau TimothyJ. Styborski Jason C. Bucher TheStreet.com Stacy L. Elward Kenneth K. and Charlotte K. Purdue MBA Jason E. Evans Stuff Scholarships Bradford D. Henderson Erin N. Anderson Investment League Scott E. Homback Kristen L. Federer Carrie E. Klockow Levar L. Nevers Check TheStreet.com Web site (http:// Greta, MSM '99, a contributor to the elec­ ChristopherJ. Knicker Kimberly A. Schneider www.thestreet.com) for investment picks tronic magazine, has been instrumental Elizabeth M. Menozzi The St. Paul Companies Holly A. Miller from business schools with student-man­ in establishing the friendly competition. Scholarship Christine M. Naab Nya C. Parks aged investment portfolios. Krannert, Each month, TheStreet.com features Jeffrey M. Nagel Treasury' Management Felicia A. Sutanto relatively new to the game with its Student the club's monthly returns, top holdings. Association of Indiana MelissaJ. Swiatek Scholarship Managed Investment Fund made possible and buys/sells, plus student manager Shad E. Tidier Jill M. Dickey by a 1998 gift from Richard, MSIA '67, interviews. The featured MBA programs Timothy R, Valiant Viad Corporation Scholarship are Notre Dame, Texas Christian, Maple Leaf Farms Award and Penelope Hansen, is the coordinator Danielle M. Bradley and co-sponsor of the league. Andrew Vanderbilt. and Wharton. A. Brooke Anderson Jack Moore and Bonnie SlaWtt Moore Scholarships Sarah E. Endress James R. May,Jr

Krannert t'ortfotio 33 Winter 1998-99 f-T^ he Classes of 1963,1968, "Just about the time we thought we I 1973, and 1978 celebrated \3mm had it figured out, we'd lose money X class-year anniversaries again!" during the 1998 Homecoming STEVE GAIIAR, group director, weekend events. In addition to an venture projects, SENMED Medical anniversary and awards dinner, Ventures, recalls Prof Bill Lewellen's returning alumni took part in a finance classes and softball and beer presentation, "Financial Strategies on Friday nights with classmates. He for Investment Selection, Wealth says to Krannert students: "Many of the Accumulation, Retirement Plan­ subjects you study will have real ning, and Estate Preservation," by relevance in business. The assignments TAMARA MORSE, MSM '78, partner, are important and mirror real-world Financial Resources Group. 'Rvo situations and activities." hours before kickoff in the Purdue vs. Illinois Homecoming football game, alumni and guests gathered 1978 under the Krannert tent to cel­ experience, interacting with both 1968 20th Anniversary Reunion ebrate with a hog roast, beverages, instructors and students." 30th Anniversary Reunion Committee: Steve Burke, and door prizes. "Those wild marketing classes of Committee: Martha Cooper, Prof. Charlie King!" are a favorite Barbara Fagan, Ron Smith F. Stewart DeBruicker memory for ALFRED M. SANDERS, JR., LINDA L. ARNOIJ)-BERRY, director KENNETH C. APACH'S best Krannert of sales for Nortel's Broadband Group, 1963 who's in the process of establishing a memory: "learning management personal financial planning business. says her favorite memory from 35th Anniversary Reunion science techniques that 1 could apply Krannert is Prof Bill l^ewellen's bow Committee: Dennis Myers immediately to my first job (technical- THOMAS E. BURNS III, owner of economic analyst at Owens-Coming- 1973 Security Capital Financial Services, Fiberglas)." He is now a consultant in 25th Anniversary Reunion says to current Krannert students: "Be industrial market research for large Committee: Steve Gailar willing to risk in your profession. Be a and small companies. LARRY L. BRUMFIELD, district sales decision maker Be optimistic about MARTH\ C. COOPER, a professor of manager, Mid-Atlantic, with Praxair, your future. And study very hard — it logistics at The Ohio State University, Inc., recalls: "The 'study' groups — is worth it!" offers the following advice to Krannert all-night cramming for exams; the students: "Focus on doing a few things compassionate, erudite, stately pres­ very well at any one time. Make sure to ence of Dean John Day; the kindness, ties. Seriously, for current students she have some fun along the way!" support, and concern of Prof Comell recommends "a technical undergradu­ GEORGE]. ROY, JR., retired from Bell." ate degree with a general or marketing the U.S. Coast Guard and consulting, THOMAS CALHOUN, president/ business master's degree — and aim says his best memory about Krannert owner of Caico Cutaways, says his best for growth." was: "The dynamics of the classroom memory is of the Grocery Store Game. PAMELA Cox, a small business owner, says: "Many specific professors 1998-99 Krannert Alumni and Service Awards and students come to mind, but overall I remember the empowerment and JAMES M. GoRWiiYs best Krannert John S. Day Distinguished Gordon K. Rains, BS (IND memory: "Being on the team that won Academic Service Award ECON) '59, MSIA '60 optimism resulting from relevant and the computer simulation game on sponsored by Great Lakes Former Manager-Division thought-provoking curricula, coupled mnning a business. Lots of fun and 1 Chemical Corporation Consolidation and Reporting, with incredible support from faculty Cynthia A. Montgomery, Diagnostics Division got to know the guys in our small and fellow studenLs. Krannert was a MSM '76, PhD '79 Abbott Laboratories group." He is now the manager of John G. McLean Professor of William E. Kassling, BSIM '67 powerful and positive life-changing contingency planning at Safelite Glass. Business Administration Chairman and CEO experience." Harvard Business School Westinghouse Air Brake WILLIAM P. KOZLOVSKY reminds us ROBERT FESLER is a senior quality Company that: "Sound business knowledge is Distinguished Aiumni assurance manager for Spunbrand essential and sound people manage­ Awards Distinguished Service Plant. He remembers (fondly?): Ralph H. Harnett, BSIM '69 ment skills are priceless!" Kozlovsky is Award "Doing MPRs on football weekends." President and CEO Winston "Wimp" C. Lister, the executive director of Hiller Aviation Ensign-Bickford Company PhD '67 His advice to current studenis: "I-eam Museum. Principal and practice to communicate, commu­ Cambrian Associates LLC nicate, communicate."

Krannert I'ortfolio 34 Winter 1998-99 ALU N D A

KSAA Krannert Schooi Alumni Association Letter from the President

Dear Krannert School Alumni, mittees to assess and recommend strategies in areas crucial to The group at right — the members Krannert's continued success. These of the Krannert School Alumni As­ areas include: sociation board of direc­ • annual fund-raising; tors — are a valuable • facilities planning; asset for the Krannert • intemships and placement School. Board members activities; have a range of expertise • KSAA board membership; Krannert School Alumni Association board members and experience in a num­ • marketing and communica­ ber of different business tions; take Krannert to the next level of With Krannert and,Purdue Pride, fields as well as a common interest • technology, and; educational excellence. in the future of our School. • undergraduate programs. As our committees focus on key Recently, board members ex­ In the best Krannert tradition, areas, we're interested in your Gary Naab, BSIM '67 pressed an interest in expanding board members have rolled up their thoughts about Krannert's future. President, KSAA their involvement. In response, we sleeves and settled down to work. At Please contact the KSAA board at Senior Project Manager, have established seven ad hoc com­ our April board meeting, committee [email protected] to Operations/Engineering chairs will make presentations to share your ideas with us. General Mills, Inc. include recommendations that will

KRANNERT EXECUTIVE FORUM SPRING 1999

January 22 February 26 April 2 John "Jadt" Hatcher John E. Vaughn, BSIM '69 John E. Barnes Assistant Professor of Management President Chairman and CEO Krannert School of Management Global Sales and Services Materials Processing, Inc. Purdue University Tellabs Operations, Inc. "Entrepreneurism, A Way of Life" "Annual Reports - Fact or Fiction" "Going Global ... A Competitive April 9 January 29 Imperative" Rear Admiral David S. Belz, Steven A. Albrecht, BSIM '75 March 5 MSIA '81 Chief Executive Officer Mark Shunk, BSIM '79 U.S. Coast Guard Headquarters World Asset Management President and CEO (G-SEA) "Entrepreneur: Valid Concept or Cadence Network LLC "Drug Trafficking: A Transnational Overused Buzzword" "Building Your Competency Capital" Threat for the New Millennium" February 5 March 12 April 16 Sonya L. Margerum Alysa Rollock Joseph E. Turk, BSE '66, Mayor Interim Vice President for Human MSIA '67 City of West Lafayette, Indiana Relations Executive Vice President "The Business of a Mayor" Purdue University Inland Container Corporation February 12 "Expect the Unexpected" "Credentials to Action - Walter T. Conway, Jr., BSIM '70 March 26 Making the Shift" Vice President, Emerging Markets Roger C. Stewart, BS '71, April 23 Visa U.S.A., Inc. MSIA '74 Jerome Adams, PhD '77 "If It Were Easy, Anybody Could Do it - Vice President, Global Treasury General Manager Marketing Dispatches From the Procter & Gamble Co. Learning and Transformation Front Line" "Global Treasury - Managing Risk Services February 19 in a Volatile Environment" Shell Oil Company Steven M. Schmidt, BSIM '76 "Leveraging Learning as a Vehicle President to Manage Change and Improve ACNielsen - U.S. Business Performance" "Financially and Culturally Turning Around and Changing a Corporation"

Krannert I'ortfolio 35 Winter 1998-99 ALU N D A

The Alumni Network Fort Wayne, Indiana

Thanks to JEFF LOVE, BSM '88, and KEUY (CRISSMAN) HOFF, BSM '96, of First Chicago NBD Bank for coordinating our September 1998 Los Angeles, California alumni reception at the Fort Wayne National Bank Building. Pigskin Alumni gathered to enjoy refresh­ ments, network, and talk to Dean Purdue pride survived the heat Dennis Weidenaar about exciting wave during the August 30 Pig­ developments in Krannert's future. skin Classic in Los Angeles. The Alumni attending included: JiM football season opener pitted BARR, BSM '66; BARRY BENDER, Purdue against USC and was an BSM '88; BRYON BUCK, BSIM '92; excellent introduction for sopho­ KENNETH CLARK, MSIA '91; RANDY more quarterback Drew Brees. EARNHART, BSIM '74; C. BER­ Krannert alumni and friends NARD, MSIA '64, and NANCY had an introduction to transna­ HUESING; THOMAS IRMSCHER, tional economic issues by D0NA1,D BSIM '67; DENVER JORDAN, MSIA STRASZHEIM, president of the Donald Straszheim, BSIM '63, MSIVI '67, and PhD '71 '77; MARK JOSEPH, BSIM '77; Milken Institute, during a JOHN "JACK" LAURIE, BSM '81 Krannert School reception in that encompasses seven issue areas: global dominance of the service and MSM '86; JULIE POPE, BSIM Los Angeles. technology's impact on society and sector. Sraszheim is primary spokes­ '74; SARA AYERS URBERG, MSM Straszheim, BSIM '63, MSM the economy; developments in person for the institute and the '96; and RACHANA "RAM" WOOD, '67, and PhD '71, served as chief capital markets and financial architect of its mission. MSHRM '96. economist of Merrill Lynch & Co. institutions; globalization, trade, The Krannert School thanks from 1985-1997. At the Milken and the effects on intemational Donald Straszheim for his entertain­ Institute he is leading efforts in economic performance; demo­ ing and educational presentation. exploring a large global agenda graphic change and the attendant consequences; and the emerging SAVE THE DATE

San Antonio, Texas HOMECOMING 1999 Alamo October 16 Football vs. Michigan State Bowl You're invited to BoilerBash More than 300 Krannert alumni, '99, the Krannert Taiigater, 2 V^ hours before kickoff family, and friends enjoyed a pre- game buffet lunch hosted by the School on December 29,1998. President Steven C. Beering and Dean Dennis Weidenaar welcomed Krannert alumni and guests and Purdue pride. The pep rally encouraged the old-gold-and- worked: a thrilling, last-second black wearing crowd to pump up victory for Purdue in the bowl game against Kansas State made for an exciting season finale.

Krannert I'orlfotio 36 Winter 1998-99 ALU N D A

Krannert Dean's Advisory Council 1998-99 Chair Tiiomas A. Page, MSIA '63, Susan B. Butler, BSIM '65 HDR '94 Managing Partner-Business Unit Former Chairman of the Board Activities Enova Corporation and San Andersen Consulting Diego G&E, an Enova Company William D. Delhi, MSIA '64 "^ Dean Dennis Weidenaar Consultant/Land Development i Ricliard Bernstein, MSM '91 BD Enterprise President BAI Aerosystems, Inc. Michael L. Eagle, MSIA 71 Vice President, Manufacturing William E. Bindley, BS (IND Eli Lilly and Company ECON) '62, HDR '97 Chairman and CEO Donald J. Ehriich, E 60 William E. Kassling*, James K. Risk ill, S 63 Bindley Western Industries, Inc. Chairman, President, and CEO BSIM '67 President and CEO Wabash National Corp Chairman and CEO Kirby Risk Corporation MIcliaei Birck, BSEE '60, Westinghouse Air Brake HDR '95 Bruce M. Flohr, MSIA '65 Company Alberto Sanchez- President and CEO Chairman of the Board Palazuelos*, MSIA '65 Tellabs, Inc. RailTex, Inc. Kari J. Krapek, MSIA '72, Chairman and CEO HDR '98 Albright & Wilson Troy Grupo David I. Fuente, MSM '69, Executive Vice President Industnal HDR '95 United Technologies Chairman and CEO President Al R. Schleicher, BSME 66 Office Depot, Inc. Pratt & Whitney Vice President, Global Finance and Business Operations Robert E. Gadomski*, BS Samuel S. Lam, Sales and Distribution Group '69, MSIA '70 MS (ECON) '68 IBM Corp. Executive Vice President Chairman and Director Chemicals Group A.I.M. Investment Consulting, Joseph Schoendorf, BSEE '66 Air Products and Chemicals, Inc. Ltd. Partner Accel Partners Jurgen Grossmann, MSIA '74 Teresa M. LeGrand, BSS '72 John Blin, PhD '72, (left) Owner and CEO Jerry D. Semler, BS (IND and Norman P. Blake, Jr., Georgsmarienhutte, GmbH Gary J. Lehman*, BSIM '79 ECON)'58 MA '66 and HDR '95 Former Senior Vice President of Chairman, President, and CEO Alan F. Herbert, BSIM '70 Operations Amencan United Life Insurance President and COO ITT Automotive, Inc. Company Norman P. Bialte, Jr., MA '66, Hollister Incorporated HDR '95 Keith C. Magee, MSIA '71 Richard F. Smith*, BSM 81 Chairman, President, and CEO Theodore A. Jacob, Jr.*, BS President and CEO Robert B. McDonald Promus Hotel Corporation (IND EC0N)'61 GE Capital Fleet Services President Bruce A. Olson, MSIA '72 Joiin Blin*, MS '70, PhD '72 Advent Thermal Transfer Stanley G. Tebbe, MSIA 68 Principal President President Vice Admiral Michael P. Group One Capital Advanced Portfolio Technologies, Exxon Chemical Asia Pacific Kalleres, USN (RET), BSIM Inc. Donald J. Orr, MSIA '65 '62 Gordon F. Teter, MSIR '68 Edward S. Bottum, BSEE '55 President James E. Perrella, MSIA '61, President, CEO, and COO Managing Director EDO Technology Services and HDR '94 Wendy's International, Inc. Chase Franklin Corporation Analysis Chairman, President, and CEO Steven A. Webster*, Ingersoll-Rand Company Jane Brocit-Wilson*, BSIM '73 BSIM '78 Alan E. Peterson, HDR '91 President and CEO Managing Director Chairman R&B Falcon Corporation Berkshire Partners Tucker Alan, Inc. *New Dean's Advisory Council Betli A. Broolie*, BSIM '81 Barbara Price, MSM '77 members National Director, Tax Consulting Vice President of Health, Services Environment, and Safety Ernst & Young LLP Phillips Petroleum Company

Jane Brock-Wilson, BSIM 78

Krannert Portfolio 37 Winter 1998-99 ALUMNI PROFILE

VENU SRINIVASAN

Japan's model was called "total quality management," or TQM. Srinivasan adopted the system because it resembled the TVS commitment to "organize excellence," and had both Truly cultural similarities and a stated set of rules. TVo Japanese professors helped the company in their endeavor, the JUSE's Yoshikasu Tsuda and Y. Washio. World-Class Srinivasan says "total quality control" is a more accurate description of this way of doing business. He explains, "It is by Rex Marrs Quality about the quality of all the business processes — and not just about the quality of the product. That's why 1 prefer to call it TQC — and not TQM — because TQC is the old Japanese way Venu Srinivasan, MSM 17, #%t the age of 45, Venu Srinivasan, MSM '77, has led his of involving everybody in quality. From the moment you step company to exalted status — winning the Deming Prize for into the plant, everything must be right: the grass must be cut has received the equivalent of a Overseas Companies, widely regarded as the pinnacle of quality properly, the canteen floor must be cleaned properly TQC is an Nobel Prize in quality. His worldwide. It is India's first win. all-round excellence effort, and is not about one aspect of the Srinivasan is CEO of Sundaram-Clayton, a manufacturer company" company, Sundaram-Clayton, of air-brake systems and castings, and a subsidiary of TVS Not that Sundaram-Clayton would be the carbon copy of a is the 1998 recipient of the Group, the Srinivasan-family business, which is India's largest Japanese business. Srinivasan would institute the principles and maker of automobile components, mopeds, and scooters. He elements of TQC, but he cherished his company's own heritage Deming Prize for Overseas alsoisCEOofTVS-Suzuki. and value system. Company management soon became infused Companies. The award, the first The Deming Prize is both judged and presented by the with a synth^is of total quality doctrine and the "TVS way" Union of Japanese Scientists and Engineers QUSE). Only three With such principles firmly established, the company for India, puts his company other non-Japanese companies have won, two from the U.S. strengthened significandy over the years. Then, in 1995, and country at the forefront of and one from Taiwan. Srinivasan proposed a challenge to push the organization The award is named for W. Edwards Deming, American further toward excellence — win the Deming Prize. manufacturing quality. statistician and educator, who encouraged postwar Japanese The award, of course, wasn't the actual goal; the processes companies to concentrate on improving the quality of their the company would implement to reach it would be the real products. The Prize was instituted 38 years ago; companies objective. As Srinivasan says, "It's like the starter on a car: you other than those in Japan have been eligible for only the last need it to start the car, but you don't need it once the engine is 15 years. running. Similarly, the Deming Prize is a starter-mechanism — Three generations of Srinivasans have beaded TVS, and a the ignition for the jet-plane." young Venu already knew well the company's dedication to The JUSE auditing team judged Sundaram-Clayton on 10 quality. "Even when I was doing my MBA at Purdue Univer­ points that scmtinized every detail of its activities and required sity," be said in the Nov 22,1998, issue of India's Business that all efforts be executed to perfection, repeatedly Today, "I tried to link whatever 1 was leaming with the value Even under the rigors of examination, the company's systems of excellence, and to figure out how it could be linked performance was extraordinary, with exponential growth in to our businesses to achieve excellence." employee output and gross value added. On November 14,1998, Given the business climate in India, Srinivasan bad a Sundaram-Clayton was awarded the Deming Prize. difficult trail to blaze. For 30 years, some areas of TVS, and Srinivasan accepted the award with typical humility. "My those of its Indian business brethren, had functioned in a fatber used to tell me: 'You take care of your workers, and your rather limited fashion. Determining customer price, for workers will take care of you.' For the past 10 years, everybody example, was simple: cost of production plus margin. Then, in has put in a lot of bard work. This has been possible only 1990, changing legislation compelled companies to start through our combined efforts. It's a company-wide process, not managing costs and quality; there suddenly was foreign just a management process." competition due to an influx of imports — an enormous Srinivasan looks forward, though not without some anxiety, problem generally for the Indian business worid, and TVS in to continuing his quality efforts in other business units of TVS. particular His company has already illustrated three important things: With what turned out to be great foresight, Srinivasan had total quality is not a prerogative of Japanese companies; Indian begun shaping a plan for "total quality" in 1979, after suc­ workers and managers are capable of intemational standards; ceeding his fatber, TS. Srinivasan, as CEO. Applying what his and neither size nor location matters in achieving worid-class Krannert education had taught him, he had concluded quality. through an analysis that to outperfomi the competition, a For more information about Srinivasan and long-term strategy of excellence was necessary. Sundaram-Clayton, visit Business Today's Web site at http:// He looked for a stmcture upon which to erect the TVS value tmw. India ~ today, com/btoday/22111998/index. htm system, and be turned to Japan.

Krannert t'ortfolio 38 Winter 1998-99 DEVFI.OPMFNT DIEV ELOPMENmmT NEWS

Total Krannert Gifts (first 6 months of annual fund year in thousands of dollars) Krannert $3,500 $3378 •• Fund-Raising 3,000- 2,S00-

I otal gifts to Krannert in the first reach projects. Still, only 14 per^ $1,847 six months of our 1998-99 fiscal cent of our alumni give back to year are up 45 percent! More Krannert (about 25 percent give to than $3,378,000 in gifts represents Purdue each year), which puts us a $1,531,000 increase over the at the low end of average among same period last yean top business schools. 1997-98 1998-99 The impressive figures are due The value of a Krannert de­ to several major capital gifts ticipation. To match the number of gree— from those eamed in the Krannert has received for planned alumni contributing to last year's late 1950s to those the University increases in scholarships, graduate fund, we need to hear from will bestow this May — is recog­ awards, faculty support, and for 553 donors. That number repre­ nized worldwide. But to continue to facilities building and renovation. sents less than 3 percent of build value and compete with our There's room for improvement, Krannert's total number of alumni. top peer institutions, we need to however, in our annual fund par- There's still time to increase partici­ boost private support. Our goal is to pation because the 1998-99 fund increase the number of alumni year ends June 30. who donate, no matter the size of the gift. Al ''^^^^^fl Why Give Back to Krannert? ^A':!!*'-* ^ For those who have yet to make Despite the fact that we're part of a a gift to Krannert this year, consider state-assisted institution, Krannert that a strong School of Manage­ relies on student tuition/fees and ment at Purdue is a benefit to all B"^ private support for the majority of — alumni, current students, re­ ^E^?^ \ its annual operations. Tliition dol­ cruiting companies, the state of lars make up only 14 percent of the Indiana, and the global economy. budget, so private support is crucial Hp^R Your current success is built on ^r^C-JK/ for Krannert to continue to offer an the foundation you began at // ^ outstanding education in business. Krannert. Together, we can share -^^ Over the past 12 years, state sup­ /M the responsibility for maintaining kk^-' N '^1 ported funding for our institution and increasing this value. Please Thanks to the student phone staffers and those Krannert alumni who has decreased from 75 percent to make a gift to help create new op­ made gifts during our telephone campaign. less than 30 percent. Despite portunities for future generations. this decrease in state-provided rev­ enue, Krannert has continued to maintain its high standards, due in Use the enclosed postage-paid large part to alumni giving. envelope to antiounce news, update your records, and send Our School has been blessed by us your gift. Thank you! the thousands of alumni who make a gift each year to help purchase advanced educational technology, establish and enhance student awards, and fund faculty and out­

Krannert I'orlfotio 39 Winter 1998-99 D E Vm^mm w s

KRANNERT'S

Hewlett-Packard Company

In February of 1997 Hewlett- With Hewlett-Packard's gift, accounting and quantitative meth­ Packard (HP) provided support to Krannert has been able to add ods have developed related courses. Krannert for the integration of memory and disk storage space, as Hewlett-Packard's support al­ SAP's R/3 software into our busi­ well as acquire two additional serv­ lows Krannert to remain in the ness curriculum. We created the ers. One of the new servers allows forefront in teaching with and Enterprise Integration Lab with HP us to separate the database from about leading-edge infonnation computer equipment and SAP R/3 the application components of the technology. software and were able to begin SAP SAP software, thus improving per­ content delivery during the fall formance. The second new server 1997 semester. provides faculty and staff with an As part of phase two of the experimental and testbed system for project, Hewlett-Packard recently course development. This system made a second equipment grant of also facilitates faculty research $63,000 to enhance the lab. related to SAP software. With the successful implemen­ tation of SAP content in eight op­ erations courses, faculty in

Ford iVIotor Company Mark L Bye (right), vice president and general • ord Motor Company made a ment study, operations professors manager of the Performance Chemicals division of Air Products and Chemicals, Inc., presents Associate $68,500 gift to Krannert, the first Ananth Iyer and Lee Schwarz are Dean James Dworkin with Air Products' $10,000 gift, payment of a three-year, $250,000 formulating research plans with $5,000 of which was designated for the l\Aaster's Student Leadership Development Fund. pledge for a project to design and key Ford personnel. The research is execute research that will analyze expected to cover a broad view of the impact of relationships and purchasing within the enterprise, oped in this project will be used in business practices between Ford and will include studying partner­ Krannert curricula to expose stu­ and its suppliers. This research will ships currently in place between dents to supply chain concepts and lead to case studies and coursework Ford and its suppliers. Ultimately could ultimately be used in work­ covering supply chain manage­ the study will encompass how these shops and company training pro­ ment and logistics issues. partnerships affect inventory levels grams. Ford has been a long-time sup­ of supplied components at various Ford's support helps Krannert porter of the Dauch Center for the points throughout the supply remain an innovator in operations Management of Manufacturing chain, from original state through management education and re­ Enterprises (DCMME). For this work in process and finally in search. particular supply chain manage­ dealer inventory levels. Once the impact of current supplier relation­ ships is understood, the informa­ tion can be used to examine the impact on the supply chain of alter­ native partnership agreements. The case studies and coursework devel-

Krannert Portfolio 40 Winter 1998-99 Philanthropy Profile Joanne Widiger: Stocic Picicer's Graduate Aivard Widiger, who made her first After graduation, she was so decided to try working the market investment in the market in 1954, broke she had to borrow $200 from full time. She would give herself a has been a full-time stock picker her parents to travel to her new job year or so to see if she could in­ for the last 24 years and used a gift in Midland, Mich., and pay the crease the value of her portfolio by of highly appreciated stock to fund first month's rent and groceries. an amount comparable to a decent the scholarship endowment as well She quickly repaid the loan, professional salary. She hasn't as another at Purdue and, with her bought a used Buick named looked back since. husband, scholarships at Indiana Jezebel, and vowed the next little "There is no doubt being a University (lU) and University of bit of money she saved would go stock picker has been a great Illinois. "By using appreciated into the market. Her first modest advantage for me because it has stock for all these gifts, we've been purchase was five shares of Stan­ given me control of my life in a able to create some substantial dard Oil of Indiana. way that little else could," Widiger scholarships. There are no capital says. "Having been at various gains taxes to pay on the growth in "WORKING THE times both a corporate employee Uo you have to be fabulously the investment, and of course there STOCK MARKET and a self-employed person, I is a tax deduction for the charitable wealthy to establish an endowed HAS HELPED ME know very well how hard it can scholarship? contribution at full market value, often be to mesh work with family Not at all, Joanne (Straszheim) which is helpful to us," she says. 'GIVE BACK' FAR and other obligations. Investing in Widiger, BSSHU '49, would reply The idea of scholarships BEYOND MY the market takes a lot of study and You simply have to care about appeals to Widiger The eldest of EXPECTATIONS." time, but it can be done anywhere education, want to help bright five children raised in West and on my schedule. That has young people get started — and Lafayette, Ind., Widiger had little Widiger's post-MBA job was made it possible for me to look make some savvy long-term choice but to attend Purdue's then- introducing Dow Chemical's first after my parents in West Lafayette investments in the stock market! named School of Science. The consumer product: Saran Wrap. in their elder years and also to Last spring, Widiger established school was not particularly suited The job fit her trail-blazing per­ work with other service organiza­ the Stock Picker's Graduate Award to her interests, but it had a good sonality and interests in product tions such as AARP's program of for students involved in Krannert's reputation and was affordable. publicity and marketing perfectly. tax counseling for the elderiy, Student Managed Investment Fund After graduation, she worked She traveled the country, conduct­ which I've done for 18 years now, (SMIF). briefly for an Insurance agency, ing demonstrations of the new to give two examples." "I know from my own experi­ where she often heard the agents product and appearing on televi­ Widiger has had winning ence how hard it is to pay for a talking about the stock market. sion and radio programs. Widiger returns on her investments — college education, and I'm glad to She decided it would be interesting, eventually married her husband, financially, personally, and now be in a position now to help others if she ever had any money, to Al, also a Dow employee, and philanthropically "Working the eam theirs," Widiger says. "Years invest. She began following the continued her career there until stock market has helped me 'give ago, I would never have imagined market to learn about it. caught in a company dovmsizing. back' far beyond my expectations I could do something like this. I Widiger continued her educa­ She then formed a two-woman in a lot of ways, both in time and live an ordinary middle class life in tion by entering lU's MBA program public relations agency with Dow money, and that's very satisfying to a typical three-bedroom ranch because of her interest in market­ as the first of many clients over the me," she says. next 17 years. house, and 1 couldn't begin to do ing (Purdue did not have a gradu­ On behalf of Krannert School something like this out of my ate management degree program With a move to Cleveland for students, here's wishing her many checkbook. Only my work in the at the time) — and was one of her husband's job, Widiger was more happy returns. market has made it possible." only three female students in her faced with a new challenge in 1974 class. With the help of a frugal — how to continue her profes­ lifestyle, she completely financed sional career in a new highly her own graduate education, competitive environment. She juggling studies and various jobs.

Krumwrl Portfolio 41 Winter 1998-99 C L AS^/^. , iNum:)

1987 tural activities at the college. I was named 1969 PhD Alumni to Who's Who in America this year" H. R. Rao is an associate professor at David I. Fuente, MSM, is CEO of Office SUNY-Buffalo in Amherst, N.Y. He is co- 1964 3Sth Reunion Year Depot, Delray Beach, Fla. See story, p. 46. 1967 editor of two special issues of The Annals David M. Baldwin, MSIA, writes: "I was Meyer W. Belovicz is chief economist of Operations Research on "The Interface 1970 named president/COO of Douglas Autotech, w ith the Arkansas Public Service Commis­ Between Information Systems & Operations Bronson, Mich., in October 1998. The com­ Gary T. Moore, MSIA, writes: "Within sion. He lives in Dover Arkansn.s Research." The lead article was written by Nobel laureate Herbert Simon. pany is a directional control system sup­ the past year I bought the company where plier in the automotive, construction, I have worked for the last 22 years — Ma­ 1978 agricultural, and heavy duty truck areas. terials Handling Equipment Co., Denver DennisJ. Fixler has been promoted from We operate two plants in the U.S. and are a Colo. Also this year I have served as presi­ staff economist to chief, Division of Price Master's wholly-owned subsidiary of Fuji Kiko dent of our industry association, the Mate­ and Index Number Research, for the Bu­ Corp., a publicy traded Japanese company" rial Handling Equipment Distributors reau of Labor Statistics in Washington, D.C. Alumni Association." 1965 1981 1971 1958 Michael A. Goodman, MSIA, is presi­ John S. Howe was promoted to professor dent and marketing/management consult­ James D. Adams, MSIA, writes: "I've Edwin T. Hyde, Jr., MSIA, is a retired of finance at the University of Missouri- ant with Dialogue Marketing Group, Inc., retired from Exxon after 29 years and now general sales manager He and his wife, Columbia in 1996. He currentley serves as Westport, Conn. He writes, "I'll be celebrat­ enjoy 'Kingsmill on the James' - a devel­ Joan, a retired substitute teacher with the PhD coordinator for the Department of Fi­ ing 20 years in marketing/management opment with three golf courses, 15 tennis Stark Co. Board of Education, live in Palm nance. consulting later this year It has proven to courts, indoor/outdoor pools, exercise fa­ City, Fla. be a very enjoyable career allowing me to cilities, etc., with my wife, Judy The kids all 1982 Carey M. Yelton, Jr., MSIA, is a finan­ combine a broad range of interests, skills, live away Hoorah!" cial consultant with Foulds, Inc., in and education — great clients." John A. Wade, III, is a department head Gerald F. Corcoran, MSIA, is a manag­ Libertyville, III. at the Western Carolina University College ing partner with Corcoran Associates (CA) 1968 of Business in Cullowhee, N.C. in Marietta, Ga. He writes, "CA is involved 1959 40th Reunion Year Lennart K. Laitinen, MSM, is a retired in several intemational aviation projects. 1984 project engineer He and his wife, Fem, live One includes bringing superior Russian Kent Williams, MSIA, writes: "Recently in Kokomo, Ind. ejection seat technology to the U.S., and Michael R. Hyman was promoted to pro­ sold my business, W.W. Williams Co., Fort another is with Airbus Industries." fessor of marketing at New Mexico State Lauderdale, Fla., which I had owned and Frederick L. Schuermann, Jr., MSIA, University in Las Cruces, N.M., in fall 1997. operated since 1971. I'm now retired, but was named chairman of the board of LADD 1972 He was named to an endowed chair and is still acting as a consultant to the new Furniture, Inc., High Point, N.C, on May 5, now the Nationsbank Professor of Market­ owner We are healthy and enjoying the 1998. Karl J. Krapek, MSIA, is president of ing. Florida sunshine and our eight grandchil­ Pratt & Whitney See slory, p 46. dren!" 1986 1962 Scott M. Fuess, Jr. See story, right Maurice A. Rice, MSIA, is president of PhD Alumnus Receives Honors Mary Ellen Blevins Stepanich writes: "I re­ The Rice Group, which helps companies cently retired as associate dean, curriculum Scott M. Fuess, Jr., PhD '86, MSM '83, has been an economics professor at the address the issues of opportunity, vision, and academic affairs, and professor of growth, and optimizing financial perfor­ University of Nebraska for 13 years. During the 1997-98 academic year he was management at Western Intemational Uni­ mance. He has taught intemational mar­ honored for the second time by Nebraska's College of Business Administration with versity, Phoenix, Ariz., to pursue my avoca­ keting at Miami University, Oxford, Ohio, its Distinguished Teaching Award. tion full-time. I have been appointed to the and currently teaches entrepreneurship at intemational faculty for Sweet Adelines From April-July 1998, he was visiting professor of intemational economics at the University of Cincinnati. His experience Intemational, a world-wide music organi­ the Senshu University (Tokyo) School of Economics. Senshu is a leading private in the water quality industry includes a zation for women that includes over 33,000 university, founded in 1880, and the first univereity in Japan to offer specialized tenure as CEO of the Water Refining Co., members in New Zealand, Australia, Neth­ terms on the WQA Board of Directors, and studies in political economy In Senshu's 120-year history, Fuess was honored as the erlands, Finland, Sweden, England, Scot­ chair of the Strategic Planning Committee. first foreign scholar to undertake research on Japan's economy and to teach Japanese land, Panama, Japan, Germany Alaska, students about various aspects of the American economy Hawaii, and British West Indies, as well as 1963 the continental U.S. Duties include teach­ Recent publications include an article (co-written with Hendrik F van den Berg), "Does GDP Distort Mexico's Economic Growth," which appeared in the April ing and coaching both musical and orga­ Roger F.X. Camey, MSIA, writes: "After nizational areas. I also direct an 13 years as dean of student affairs at 1998 Southem Economic Journal; and "Does Consensus Bargaining Control Labor award-winning choms that performed in Nichols College, Dudley, Mass., I assumed Costs in Japan? Evidence from the 'Bubble Economy' and its Aftermath," which will the 1997-98 London Parade Festival and my new position there as director of the appear in Ihejoumal of Labor Research in 1999." appeared in the 1998 Easter celebration in Institute for American Values. My responsi­ Maastricht (Netherlands)." bilities include programming public policy symposia, performing arts, and related cul-

Krannert Portfolio 42 Winter 1998-99 mm E S

1974 25tA Reunion Year 1977

Eileen Bedell, USW. See story, right Corinne Koehler Pence, MSIA, is on Bedell Joins Andersen Consulting the board of directors of Farm Journal Bob Korman, MSIA, writes: "TWelve years Electronic Media Co., Lafayette, Ind. Eileen H. Bedell, BSIM and MSIA '74, joined Andersen Consulting LLP, New York ago, a partner and I started a business in City, in fall 1998. Her client focus has remained on business strategy, particulariy in Arizona called MEGA Systems & Chemicals, Venu Srinivasan, MSM. See Inc. The business was dedicated to provid­ story, p. 38. wholesale and institutional businesses. In addition, she leads the ing equipment and services capable of dis­ strategy practice for all banks in the northeast U.S. and Canada. pensing ultra-high purity electronic 1978 Says Bedell, "What a terrific opportunity this is! Andersen chemicals to the semiconductor process Consulting has such a powerful heritage of delivering results to clients. industries, including IBM, Intel, Motorola, John S. Howe, MSM. See PhD Dedicated to the continued, rapid expansion of its strategy practice, it NEC, etc. We won the 1997 Entrepreneur of Alumni 1981. strives to redefine the consulting market, and it welcomes the breadth of the Year Award for the high technology cat­ James R. Koch, MSIA, re­ entrepreneurial experiences I have had." egory in Arizona; that same year we placed cently relocated with his wife, Her experience includes vice president, financial services, with second in the AZTECH 50, which honored Paula Koschmann Koch, the 50 fastest-growing high tech companies BSM '77, MSM '79, to the Los Booz Allen & Hamilton, a stint with Banker's Trust, formation of her in the state. In 1997, MEGA placed 112th in Angeles area, where he will as­ own video production company and she is a member of the Liz the National Inc. 500 list of fastest-growing sume the responsibilities of vice president Claiborne Inc. board of directors. She has participated in the Purdue Old Master's private companies in America, with sales in and CFO of Careside, Inc., a start-up medi program and was a speaker in the fall I996 Krannert Executive Fomm. Bedell also excess of $30 million and 200 employees. cal diagnostics company serves on the Krannert Dean's Advisory Council. We sold the company in June 1998, and I am pursuing personal interests that may 1979 20th Reunion Year include participation in forming Arizona Angel Investing Group. Its objectives are to Tetsuro Matsumoto, MSM, has been original music publicly now, including Garrison as of August 3,1998, and left provide financial and managerial support promoted to director fund management vocals, piano, and acoustic guitar — active duty on August 31. He currently to budding entrepreneurs." department, with Cititrust & Banking Corp. being a 'rock star' is a blast!" serves as vice president for administrative in Tokyo, Japan. He is responsible for port­ services at Southwest Missouri State Gary D. Sabia, MSM, a partner with Joyce A. Triezenberg, MSIR, is a folio management of public and corporate University in Springfield, Mo. manager-systems and programming with pensions. Ernst & Young in Costa Mesa, Calif., writes that he has been helping Fortune 1000 ITT Defense in Ft. Wayne, Ind. Her 1984 IStfi Reunion Year husband, David, is a manager-general 1980 companies solve their Year 2000 problems engineering with Franklin Electric Co. in over the past year and a half. He was RobertJ. Andreas, MSIA, is a director Bluffton, Ind. Michael R. Hyman, MSM. See PhD actively involved in developing Accelerated business development, with Samoff Corp. Alumni 1984. Conversion Centers to assess, convert, and in Princeton, N J. He recently moved from John A. Wade, III, MSM. See PhD test non-Year 2000 ready code. As the Y2K California to New Jersey His wife, Mary, is Alumni 1982. 1981 activities begin to slow, he will again an attomey provide management consulting services to Drake Kijowski, MSIA, is a gas supply his clients. The centers developed for Y2K John R. Rote, MSM, is assistant to the 1975 manager with Public Service Electric and work will transition to Application president/CEO of SC Johnson Wax Fund, Gas Co. in Newark, NJ. Inc., Racine, Wise. He was fonneriy North DennisJ. Fixler, MS (ECON). See PhD Development Centers to accelerate and American category manager with the com­ Alumni 1978. Kevin G. Lokay, MSM, is vice president improve the design and implementation of pany and director Oncology Business Unit, with major applications for his and other 1976 SmithKline Beecham in Philadelphia. clients. Sabia says that he has finally adjusted from his New York to \A 1985 Anne E. Belfort, MSM, is a marketing Randall N. Mitchell, MSIR, has a new transition. He lives at the beach, is still Matthew Christofif, BSCE '80, MSIA, manager with Cisco Systems in San Jose, position in compensation with Bank of single, and recently retumed from a trip to writes: "I recently moved to Minneapolis, Calif America in Chariotte, N.C. His wife, Gwen, Italy and Portugal and plans a retum trip Minn., to open the newest office as a prin­ is a pharmacist with Presbyterian Hospital so that he can practice his Italian Larry M. Champion, MSM, is an cipal for Spencer Stuart Associates, a global in Chariotte. language skills. attomey-at-law with his own practice in senior executive search firm. My wife, Houston, Tex. Tamara, BSM '80, and I have four kids 1982 (ranging from 7 to 15 years) that we're 1983 Bjom Frostad, MSM, writes: "1 am cur­ influencing to become future Boilemiak- rently heavily engaged in promoting an Francisco A. Escoffery, MSIA, is vice president-risk management and compli­ Patrick Bousquet-Chavanne, MSM, ers! Life is great!" advanced business game, Intemational Lo­ has rejoined Estee Lauder Intemational, gistics Management Game, in Europe and ance with Banco Continental de Panama, James K. Martin,, MSIR, writes: "I SA, Republic of Panama. He writes, "I re­ Inc., New York City, as president. He served the U.S. It can be seen at www.ilmg.com. To the last two years in Paris as executive vice have a new position as executive director of you alumni visiting StcKkholm, give us a cently received recognition by the Rotary human resources for the Bloomington Club 'for a brilliant job in the program president/general manager of Pari'ums call, and we will welcome you here!" Christian Dior intemational operations. I'ublic School District. Bloomington is the Unidos por la Sequia,' which is a joint ef­ third largest city in Minnesota. My wife, fort by Caritas, the civic clubs, and media Cary R. Marsh, MSM, writes: "After a James R. Fratangelo, MSIA, has a new Elizabeth A. (Weyand) Martin, BA '83, to mitigate hunger among peasants due to brief consultancy (summer 1998), during position as senior vice president with MSIR '85, enjoys being home with our two drought produced by El Nino. I have been which I focused on developing leadership Molton Allen & Williams in Fairfax, Va. children, Katie (3) and Jack (1). Both and perfonnance standards, 1 joined Ameri­ the coordinator of the program." Elizabeth and I look forward to seeing can Electric Power Buchanan, Mich., as Scott M. Fuess, Jr., MSM. See story, Prof. Dworkin at the annual Purdue vs. Christi Knevel, MSM, is director of senior human resources development spe­ page 42. Minnesota basketball games." cialist. I'm concentrating on identifying, phamiacy at (Charter Hospital in Lafayette, defining, communicating, and verifying Ind. She writes: "1 am perfomiing my Kent Thomas, MSIR, is a retired colonel senior leaderehip's management expecta­ in the US Amiy having relinquished tions." command of the Fort Rilev, Kansas,

Kniinwrt Portfolio 43 Winter 1998-99 C LA TES

Master's Alumni continued

in Northbrook, 111. He and his wife, Mario 1994 Sth Reunion Year Russell Leaman, BSM '90, welcomed a son, Pence Expands Farm Journal's Luke Russell, bom September 2,1997- Nancy M. Chiusano-Borberg, MSM, is News Product Line owner of Randi's Saloon in Winter Park, Scott T. Payne, MSM, and his wife, Colo. She writes: "I got married in 1996. Jeffrey A. Pence, MSIA '85, is president of Farm Journal Electronic Media Co., a Paula, MSM '92, live in Ann Arbor Mich. We purchased real estate in the Winter television production, sales, and distribution company that produces AgDay the She writes: "Scott changed jobs in August. Park Ski Resort and built an Irish pub and leading daily agribusiness news show in North America. He left General Motors after 15 years and restaurant in June 1998. By the way Randi In August 1998, AgDay was acquired by Farm Journal Corp., and now is working for Toyota as an engineer­ is a red Irish setter the 'house dog.'" ing manager at the U.S. Technical Center represents the corporation's initial investment in the television in Ann Arbor We had our second child, Brian Grosheider, MSM, is a senior programming and syndication business. Says Pence, "Now we will have Erich Lee, on September 18,1998. Big business analyst-Tricon operations with news gathering and research capability. This will enable us to move brother Greg is adjusting to the change AmeriServe in Louisville, Ky forward with our existing programming and develop a series of new quite well." Heather (Greenwald) Planey, MSIA, products." writes: "I recently resigned as manager AgDay is the longest-mnning, nationally syndicated agribusiness 1992 automation partnerships, with American news program — the daily, 30-minute show has been on the air for 12 Evan W. Fleisher, MSM, writes: "My Airiines to pursue a PhD in business years. Farm Journal Electronic Media Co. headquarters are in Lafayette, wife, Jill Stephens Fleisher PhD Sociology logistics from Penn State University." Ind.; the company's television production facilities are in South Bend, Ind. '97, and I just had our first child, Kathryn Derek B. Roesener, MSM, writes: "I Pence is married to Corinne Koehler Pence, BSIM and MSIA '77, who sits on Lee, on August 22,1998. We are moving to have been promoted to manager of the company's board of directors. Iowa so Jill can take a job as assistant pro­ fessor of sociology at Loras College." international tax at Arthur Andersen in Indianapolis. I took up skydiving as a James M. Lewis, MSM, has been ap­ hobby this summer — what a msh!" Jeflfrey A. Pence, MSL\. See story, above StephenJ. Skripak, MSIA, vice pointed vice president, financial manage­ president and CFO of the Hanes Hosiery Jeanne Wagner Rossi, MSIA, is a senior ment, for Walt Disney World Co. in Lake division of Sara Lee Corp., Winston-Salem, 1996 marketing manager currently on family Buena Vista, Fla. N.C, has been appointed to a three-year leave. She and her husband. Brad, had a Kevin Jones, MSM, is a sales manager term on the advisory council of the Rohit K. Somani, MSM, is a senior son, Dominic Wagner on June 20,1998. with Ford Motor Co. in Mahwah, NJ. He Pamplin College of Business at Virginia product manager with Bristol-Myers writes: "Amy and I recently moved to the Polytechnic Institute and State University, Squibb (Zimmer Division) in Sydney Aus­ 1986 New York City metro area and we love it." Blacksburg, Va. tralia He writes: "I have just begun a two- Amy L. Brown, MSM, writes: "In eariy to three-year expatriate assignment in Eric V. Northern, MSM, is president/CEO 1988 1998,1 moved to the marketing division of Sydney If anyone wants to come 'down of Express Food Group in Houston, Tex. SQL Financials Intemational, Suwanee, under' for the 2000 Olympics or to snorkel Byron F. Johnson, MSM, has a new po­ Ga., as a business development manager on the Great Barrier Reef, please send me sition as a senior financial analyst with 1997 The company develops accounting and an e-mail." Lockheed Martin Corp. in New Orieans. human resource software in the Atlanta Kostas Halatsis, MSM, is an assistant Dennis E. Meador, MSM, is a manager 1993 treasurer with Bankers Tmst in Irvine, business planning, with Cinergy in Calif Melanie A. Moody, MSM, is an associ­ Gilberto Osorio, MSIA, is a financial Cincinnati, Ohio. ate director with Procter & Gamble in Cin­ manager with Avery Dennison Colombia in Tracy Thomas, MSM, is an industrial cinnati, Ohio. She is a former systems Call, Colombia engineer with Nishikawa-Standard Co. in 1989 lOtfi Reunion Year manager with P&G. Bremen, Ind., and an adjunct profes.sor at Vincent McElhaney, MSM, writes: Shunji Hiratsuka, MSM, is a manager lUPUI-South Bend, teaching OLS 485, "Since my time at Purdue, I have worked 1987 human resources-international, with NEC Leadership for Team Development. Corp. in Tokyo, Japan. with Ford Finance, Hughes Aircraft/ Mark E. Blumfielder, MSIA, is captain/ Raytheon as a lead mechanical engineer Evandro Trus, MSIA, is an assistant fi­ chief CG District ONE Search & Rescue, US Laurie Hofiiman, MSM, has relocated As of March 1998,1 have retumed to fi­ nance manager with General Motors in Coast Guard, in Boston, Mass. from Allentown, Pa., to Sydney, Australia, nance with Dell Computer Co. in Round Sao Paulo, Brazil. as a sales and marketing director with Day- Rock, Tex." Jae Wook Kim, MSM, writes: "I have Timers, Inc., a business concentrated in 1998 been at Korea University-Seoul for almost Australia, Asia, and New Zealand. Michael R Savage, MSM, has a new four years, and am up for tenure at the end position as marketing manager with Hill- Russell Flugel, MSM, is a financial ana­ of this year As an assistant professor in the lyst with Air Products & Chemicals, Inc. He 1990 Rom Ilomecare in Charleston, S.C. School of Business Administration, I lives in Breinigsville, Pa. currently teach courses in the area of Stacia Hutson, MSHRM, writes: "My Stephen E. Thompson, MSM, is a risk distribution channel management and husband, Paul, and I have a new addition management consultant with Wells Fargo logistics " to the family — our son, Jackson Dale, Bank in San Francisco. bom October 13,1998. As an SAP business David B. Koziara, MSM, is an Charlotte Wilcox Wheat, MSM, writes: analyst with American Airlines in Ft. advertising manager-tmck with General "I recently was put in charge, as industry Worth, Tex., I have been working on the Motors Pontiac-GMC Division in Detroit. manager-contract manufacturing, of the team implementing the SAP human re­ His wife, Michele, is a staff assistant/ Cracker Jack Brand for operations, Frito- source/payroll system at AMR." personnel administration with General Lay Inc., in Piano, Tex. This is a newly Motors Corp. in Warren, Mich. acquired brand from Borden Fmxis Corp. 1991 In addition, I got married to Robert C. Mark Leaman, MSIA, is a director of en­ 'Bob' Wheat on November 1,1997." ergy marketing with Polsky Energy Corp.

Krannert Portfolio Winter 1998-99 C LA TES

Richard J. Erb, BSIM, has a new posi­ 1969 30th Reunion Year mand in San Diego, Calif He is a former unaergnaergraduati e tion as director executive compensation, captain/intelligence officer with the US with Meritor Automotive, Inc., Troy Mich. Frederick W. Engimann, BSIM, is di­ Navy in San Diego. Alumni He is a former manager with Deloitte & rector of fixed income management and Touche in Detroit. senior vice president with The Chicago 1972 Tmst Company Chicago. From May to Sep­ 1954 Stephen T. Fittz, BS (IND ECON), is re­ Wayne Berger, BSIM, is skipper of the tember, he was captain of the sport fishing tired from General Motors and Electronic sailboat Breathless and lives in Golden, Carey M. Yelton, Jr., BSM. See Master's boat TGIF in Winthrop Harbor III. Alumni 1958. Data Systems. He lives with his wife, Sandy Colo. He is vice chair of The Children's in Brown County, Ind. Steven Gurgevich, BS (IND ECON), is Hospital and vice president of the Kempe on the clinical faculty of Dr Andrew Weil's Children's Foundation. 1957 Gary H. Johnson, BSIM, is a vice program in integrative medicine within the president of marketing with Levenger in Thomas C. Gagen, BSIM, is a senior RobertJ. Williams, BS (IND ECON), is University of Arizona College of Medicine. Delray Beach, Fla. vice president/regional administrator with a retired product engineer with Chrysler Dr Gurgevich provides training in mind/ Scripps Health in LaJolla, Calif. Corp. in New Castle, Ind. Wayne F. Mclntyre, BSIM, is a strategic body medicine, clinical hypnosis, and be­ account manager with Amdahl Corp. in havioral medicine. He received a PhD from David Lloyd, BS (ECON), is senior pastor 1958 Sunnyvale, Calif, where he sells large the university in 1973. of the East University Church of God in computer systems. His daughter Kelly (28) Mesa, Ariz. He was recently elected chair­ James R. Nichol, BS (IND ECON), is a Charles A. Jarrow, BSIM, has joined got married in May 1998; daughter Kim man of the Arizona Ministerial Assembly retired executive vice president with Coon Mueller/Shields, Irvine, Calif., as executive (Purdue '96) works in public relations for for the Church of God. DeVisser Co. in Royal Oak, Mich. vice president. The company provides the San Francisco 49ers. marketing services to high-tech companies Jeffrey States, BSIM, was appointed 1960 intemationally chief investment oificer with the Sacra­ 1965 mento County Employees' Retirement Sys­ Roger F.X. Camey, BS (IND ECON). See Dennis A. Pettigrew, BS (IND ECON), is tem, Sacramento, Calif., in May 1997. In Master's Alumni I963. James A. Morford, BSIM, is a retired president and CEO of Erlanger Health June 1998, he was elected to the Session administrative assistant II, University of System in Chattanooga, Tenn. (elder) in the Woodland Presbyterian 1962 Illinois. He lives in Chicago. Richard (Rick) Sears, BSIM, is Church. David C. Fleming, BSIM, has a new po­ WilliamJ. Rippe, BSIM, retired Septem­ president-Executive Search Co. with The Joyce A. Triezenberg, BSIM. See sition in customer service with Harris Tee­ ber 15,1998, after 32 years as a senior au­ Wilmington Group, Wilmington, N.C, Master's Alumni 1974. ter in Chariotte, N.C, ditor with GTE Service Corp., Ft. Wayne, which has been named a top executive Ind. He is currently a project manager with search and recmiting group in the 1973 1963 Butler Telecom in Ft. Wayne. automotive industry. He is a retired vice president-human relations with Lear- James A. Crosbie, II, BSIM, is a first Glenn L. Nelson, BSIM, is a dealer op­ Automotive. vice president/assistant manager with 1966 erations manager with Ford Motor Co. in Merrill Lynch & Co., Inc., Modesto, Calif. Melrose Park, III. Henry D. "Hank" Rahe, BSIM, is a direc Dan Wiseman, BS (ECON), is a senior tor of technology with Contain-Tech, Inc., organization development consultant with Lawrence K. Volland, BSIM, is a busi­ 1974 25tli Reunion Year United Airiines in Elk Grove Village, III. In ness development director with SAP in Indianapolis; he is retired from Eli Lilly November 1998, he participated in the America in Philadelphia, Pa. He has been elected president of the Inter­ Eileen Bedell, QSIU. See story, p. 43. national Society of Pharmaceutical Engi­ Krannert Executive Forum on corporate citizenship with Prof. John Pomery. Carol A. Neeley, BSM, is a client ac­ 1964 neering (ISPE), an intemational organization of over 12,000 individuals count executive with Harrah's Entertain­ John F. Woodward, Jr., BSIM, has a Robert R. Amold, BSIM, has joined AC, supporting the woridwide pharmaceutical ment, Inc., Memphis, Tenn. new position as a general manager with Inc., Huntsville, Ala., as a senior logistics industry. analyst and director of logistics. He also is Payne Equity Exchange, Inc., in Payne, 1975 Ohio. He is a former research grain analyst secretary, executive committee, of the 1967 with Stotler & Co. in Batavia 111. John M. Biesecker, BSIM, is owner of Florida Institute of Technology Alumni Steriing Enterprises, Apple Valley Minn., an Rolfe M. Christensen, BSIM, is presi­ Association. automobile-related business servicing up­ dent of Wiscon Products, Inc., Racine, Wis. 1971 scale road cars, vintage racing cars, and PLEASE JOIN US! David I. Fuente, iSM. See story, Allan C. Dome, BSIM, is a senior con­ collector cars. In May 1999, he and two page 46. sumer energy specialist with Consumers teammates will participate in the "One Lap Network with Krannert alumni, Power Co. in Grand Rapids, Mich. of America" event in which competitors professors, and administrators M. Douglas "Doug" May, BSIM, is a re­ tour America and compete at various rac­ during Krannert alumni tired vice president and CIO of United Su- Jane E. Durgom-Powers, BSIM, is ing circuits. His team will raise money and receptions sponsored by the pennarkets. He and his wife, Jane president and CEO with Warren Industries public awareness for brain cancer research. School and our special hosts. (Mitchell) May BA '67, live in Sarasota in Rockford, 111. Area residents will receive County, Fla. Curtis Phillips, BSM, is an account man­ James P. Lorenz, BSIM, retired in 1997 invitations to the following ager with Kronos, Inc., in Glen Ellyn, III. after I9 years as new business development receptions in upcoming 1968 manager with Amoco Oil Co. in Chicago. months: 1976 Gene Kohn, BSIM, is owner/operator of He and his wife are traveling North Chicago, Indianapolis, GTG, Inc., Ft. Wayne, Ind., an executive America in a motorcoach. James Bentley, BSIM, is a general man­ Los Angeles, New York, search company and national "source for ager-automotive dealership with Mike ThomasJ. Nelis, BSIM, is a vice presi­ Minneapolis proactive human resource management." Pmitt's Ford Superstore in Lima, Ohio. dent with Bank of America in Morrow, Ga. Jim Dunn, BSIM, has been promoted to Robert A. Utterback, BSIM, is an intel­ commodity leader eleclronics-sourcing, ligence systems program manager with the with GE ED&C in Somersworth, N.H. Space and Naval Warfare Systems Com­

Krannert Portfolio 45 Winter 1998-99 CLA TES

Undergraduate Alumni continued

Joe Mihalko, BSIM, has been promoted Randall N. Mitchell, BSM. See Master s Kelly Roggenkamp, BSIM, is a man­ Kurt R. Trewartha, BSM, is vice presi­ to vice president finance and administra­ Alumni 1981. ager-terminals and river operations-Ohio dent of Signature Homes in Indianapolis. tion with Hoerbiger-Origa Corp. in Glen- Valley with Southdown, Inc., Louisville, Ky Anthony "Tony" Sarris, BSIM, is a di dale Heights, 111. He received an MBA from Indiana Univer­ 1983 rector of software development-Informa­ sity Southeast in May 1997. tion Management Group with Unisys Corp. Mary C. Damm, BSIM, is an ecologist 1977 in Mission Viejo, Calif. 1982 with The Nature Conservancy Western Michael E Bloom, BSM, is a credit ser­ Regional Office, in Boulder Colo. She is a vices manager with Tech Data Corp. in Kermit A. Swanson, BSIM, was pro­ Robert R. Brandt, BSIM, is owner of former river ecologist with Colorado State Clearwater Fla. His wife, Delores, works in moted in December 1994 to director-infor­ Fastsigns of Winston-Salem, N.C. He is a University. marketing support for Honeywell, Inc., mation services planning and consulting former management recruiter with Service Tampa. services with Ameritech in Hoffman Estates, Master Management Service in Downers David M. Lubert, BSM, has been pro­ III. In May 1998, he eamed an MBA from Grove, III. moted to regional industry support group Daniel E. Mabry, BSIM, is an attomey manager-retail/consumer products for the with Strong, Pipkin, Nelson, Bissel & Americas for SAP A.G., based in Walldorf, Ledyard in Beaumont, Tex. He graduated Germany He will be based in Chicago. cum laude from South Texas College of Aiumni Fuente and Krapek Top Forbes Platinum List Law (affiliated with Texas A&M) in May Kimberly C. Richards, BSM, has been The January 11,1999, issue o{ Forbes Magazine features the 400 best-performing 1998. promoted to regional human resources large companies in the U.S., which Forbes editors picked based on growth and manager with Complete Business Solu­ Corinne Koehler Pence, BSIM. See profitability. The companies are divided into 25 industry groupings. tions, Inc., Schaumburg, III. Master's Alumni 1977. The story profiles a top CEO in each of the 25 industries. "Rvo Barbara Roden, BSM, is a process Krannert alumni are among the notables. The magazine features 1978 implementation manager with Ford Invest­ Mary E. Shoemaker, BSM, is Dean's Advisory Council members Karl J. Krapek, MSIA '72 and ment Enterprises Co. in Detroit. a custodial services manager HDR '98, president of Pratt & Whitney and executive vice president and Fred Reilly, BSM, is the author of the with Lockheed Martin Skunk director of United Technologies; and David I. Fuente, Rolling Stones Bridges to Works in Palmdale, Calif. She BSIM '67, MSM '69, and HDR '95, chairman and CEO of Babylon 1999 wall and desk has been selected secretary, Los Office Depot, Inc. calendars. He writes, "The cal­ Angeles chapter of the Krapek's Pratt & Whitney represents the Aerospace & endars chronicle the Stones Intemational Executive from their inception as a fledg­ Housekeepers Association. Defense sector Krapek is contending well with the industrv'- ling blues band to the pinnacle k wide effects of the 1992 aircraft downturn. He has reduced Karl J. Krapek of international superstardom the workforce and shmnk factory space, cropped production 1979 as the most notorious and cel­ costs, and eliminated other unnecessary expenses. Pratt & Whitney had 20th Reunion Year ebrated musical group on earth. MichaelJ. Gialdini, BSM, has been pro­ an operating profit of $773 million in the first three quarters of 1998, The calendars are published by moted to Dodge tmck marketing plans again making it the top performer for United Technologies. Golden "Rjrtle Press and were manager and leads marketing's QS/ Forbes features Fuente and Office Depot in the retailing industry. David I. Fuente available throughout North America as of October" Reilly ISO9000 compliance effort, Chrysler Corp., The magazine reports that Fuente outshines the competition with his graduated from the professional program in Aubum Hills, Mich. prescient and sometimes impulsive business practices. The company has a 1998 net in screenwriting at the UCLA School of Cynthia (Duwel) Pennington, BSM, profit margin of 3-4 percent, up a half-point from last year and two-tenths higher Theater Film, and Television in June 1998. was recently appointed vice president with than rival Staples, and a surge of newly opened stores. Recent acquisition of Viking Asten, Inc., a paper machine clothing Office Products has expanded Office Depot's global status and reinforced its position 1984 15th Reunion Year manufacturer headquartered in Charles­ as head of its industry. ton, S.C. W. Michael Angelo, Jr., BSM, writes: 1 The Forbes Platinum List is online atwww.forbes.com/tool/toolbox/platinum was recently selected to head up the finan­ Jeffrey R Sides, BSIM, is a director cial services department supporting the business development and marketing, with Strategic Events Division of the Coca-Cola Mound Metrology, Inc., Miamisburg, Ohio. Co. (Atlanta), the world's largest beverage Northern Illinois University. He has been Barbara Meese Koenig, BSM, is a CIW company (net operating revenues $18.9 1980 married for 10 years and has a five-year- practice administrator with Central Indi­ billion; pre-tax profits $6.1 billion). As fi­ old son, Fivan. ana Orthodontics, Inc., Brownsburg, Ind. Edwin K. DeWald, BSIM, has opened nancial services manager I oversee finan­ She writes: "Jake, my husband, and I have his own business, DeWald Property Tax Ser­ cial support for the company's presence at 1981 a consulting business that is going well. vices, Indianapolis, supplying tax services worldwide events such as the Olympic Personal Financial Advisors, Inc. We also to owners of commercial real estate. Aaron Allred, BS (ECON), writes: "I am Games and World Cup." enjoy our two children, Kaitlin (4 '/i) and entering my sixth year as legislative man­ Jessica (1), and our lovely home in John M. Diluia, BSIM, is a senior direc­ ager of the joint staff of the West Virginia Linda (Petro) Coerper, BSM, is Zionsville." tor information services, with The Market­ legislature and as legislative auditor My director of marketing with Innova.net in ing Store Worldwide in Westmont, 111. Clemson, S.C. wife, Amy BS agriculture '84 , and I are Shawn A. Taylor, BS (ACCT), is presi­ also busy rearing two teenage sons in Renee Lorton, BSM, was promoted in dent and CEO of FamilyEATs. He writes, Wendy K. Hughes, BSM, is an assistant ChaHeston, W.V" July from national director to global direc­ "FamilyFj\B Limited Partnership recently vice president, research and development, acquired 12 Taco Bell restaurants from tor of technology/financial advLsory ser­ Eric R. Korb, BSIM, president/CEO of with Computer Associates, Int'l, in Islandia Taco Bell Corp. in lloaston, Tex., bringing vices with PricewaterhouseCoopers in ComLinx, Inc., in N. Plainfield, NJ,, writes: (Long Island), N.Y. the total number of restaurants owned to Tysons Comer Va. She is responsible for the "On July 1,1998,1 launched my fifth new 32. Our company is the largest Taco Bell Robert S. Oracheff, BSM, is president strategic use of technology worldwide for company Comlinx.com, which provides franchiser in Houston and the largest Afri­ of Mallard Aviation LLC, Phoenix, Ariz. the financial advisory services (FAS) con­ virtual classrooms for distance leaming can-American franchisee in the U.S." sulting group within PwC. sessions over the Internet."

Krannert Portfolio 46 Winter 1998-99 CLA TES

Jeff Sewell, BSM, has a new position as Rohit K. Somani, BSIM. See Master's '87, have a son, Benjamin Daniel, bom 1991 senior vice president with Reliance Finan­ Alumni 1992. September 23,1998. cial Services in Defiance, Ohio. He has Lori (Tesar) Cielaszyk, BSM, is a mar­ Suzanne Davenport Wilson, BSIM, is three children: Matthew (10), Jennifer (6), Julie (DeBoni) Newhouse, BSM, keting services manager with Mayfield a field industrial hygienist with Abbott and Megan (2). writes: "I just began my new position of Publishing Co. in Mountain View, Calif Labs-Chemical and Agricultural Products technical assistant in performance im­ Margaret A. (Forsythe) Wood, BSM, Division in North Chicago, 111. She writes: provement with Crew Technical Services, Bill Crawford, BSM, is a vice president, is director of accounting with Arbor Homes, "My husband, Chris, and I recently took Eli Lilly Carmel, Ind. Our second child, finance, NBC West Coast, in Burbank, Calif LLC, in Indianapolis. She has been ac­ part in the 1998 Jimmy Carter Work Project Adam, was bom in January 1998." He writes, "I've been with General Electric cepted into the Stanley K. Lacy Executive in Houston, Tex. One hundred homes were for more than seven years — 1 graduated Leadership Program, a program designed built during this week-long building blitz. Tamara Schrader, BSIM, is a materials from FMP in 1993 (GE appliances); spent to develop and educate local community 1 also serve on the board of directors of the manager-presentation products with two years on GE's corporate audit staff; leaders. Chicago local section of AIHA." Fellowes Manufacturing in Itasca, III. then to NBC for the last 18 months, a year Robert L. Thirston, II, BSM, is a con of that in New York." 1985 1988 sultanfcontractor with New Boston Sys­ Jill Daugherty, BS (ACCT), writes: "I've Pamela A. Castrale, BSIM, is an Carol L. Bish, BS (ACCT), has a new po­ tems. He lives in North Chicago, III. recently taken a new job as the business internet recruiter in Morgantown, W.V Her sition as a controller with Banc One Home manager at a new facility Caterpillar is husband, Joseph, is a site leader with GE Loan Services, Banc One Corp., in Colum­ 1990 building in Griffin, Ga." Specialty Chemical in Morgantown. bus, Ohio. She is a former accounting/sys­ MarkJ. Adair, BS (ACCT) and BSM, is a Cheryl (Rosentreter) DeWitte, BSM, tems manager manager with PricewaterhouseCoopers in Robert S. Dobis, BS (ACCT), was writes: "I've received a promotion to join Ft. Wayne, Ind. elected a partner systems consulting John Brasch, BSIM, is a director of pro­ Ortho-McNeil Pharmaceutical (a Johnson group, with Crowe Chizek & Co., India­ fessional services-southeast and Caribbean Jeff and Jodi (Shotts) Bruner, BSM, SJohnson company) in the wound heal­ napolis, on April 1,1998. region with Infinium Software in Atlanta, live in Centerville, Ohio. Jeff is a plant con­ ing franchise. Orange Park, Fla. My hus­ Ga. He and his wife, Maureen, have two- band, Larry, accepted a new position as a Brad Kirchoff, BS (ACCT), an associate troller for Pre Finish Metals in Middletown. year-old twins, a boy and a giri. specialty products representative with (public accounting) with Plante & Moran, Jodi recently started a home-based Creative Phannacia and Upjohn." LLP, has transferred to the Ann Arbor Joseph Companik, BSM, writes that he Memories business to be home with their children, Alex (almost 4) and Erin (1). Mich., office. He and his wife, Lynne, had passed the CPA exam in 1992 (in one sit­ Michael D. Gooden, BS (ECON), is a their first child, Cameron Bradley on May ting) and moved to Tempe, Ariz., in 1993- Melissa A. (Minder) Davis, BSIM, is a marketing manager warehouse clubs, with 9,1998. In 1994, he established his own accounting coordinator inventory deployment, with M&M/Mars in Hackettstown, NJ. He is a practice, Joseph E. Companik, CPA, provid­ former assistant brands manager with Noreen M. Peterson, BSIM, is a fi­ Philip Morris, USA, in Richmond, Va A ing tax, audit, and accounting services. He Uncle Ben's, Inc., Houston, Tex. He re­ nance director-US/Canada facilities and daughter Lauren Elise, was bom June I6, eamed an MBA from Arizona State Univer­ ceived an MBA with a concentration in services with Andersen Consulting in Chi­ 1998. sity in 1998 and will complete the Master's marketing from the University of Houston cago. of Taxation program in 1999- He and his Kathy (Szczesniak) Deutsch, BSIM, in 1997. His wife, Ellen, is a category lead­ wife. Amy Rakos, BS Math '88, were mar­ writes, "I was recently promoted to control­ Beth (Wessel) Prosser, BSM, writes: ership group manager with M&M/Mars. ried in eariy 1993 and have two children, ler-manufacturing with Sony Electronics at "On May 28, 1998, my husband, Mark, She formerly worked for Uncle Ben's as a Connor (2 Vi) and Kirsten (1). their color television plant in Mt. Pleasant, AgEcon '86, and I had our third child (and market intelligence analyst. Pa" third daughter), Allison Marie." Sharon Dorsey, BSM, is a loans special­ Sheila A. (Long) Howell, BS (ACCT), Brian Grosheider, BS (ACCT) See Dana M. (Chambers) Schroder, ist with Phoenix International in is an assistant vice president, loan sales Master's Alumni 1994. BSM, is a verification engineer with Tivoli Heathrow, Fla. and syndications, with U.S. Bank in Min­ neapolis, Minn. She and Thomas Howell Systems in Indianapolis. She is married to Jon Gilbert, BSM, is a supply demand Jill (Makinak) Hand, BSIM, is a senior were married in May 1998. Kent A. Schroder BS Math/Education '91. manager with BOC Edwards in Murray Hill, environmental engineer with Westinghouse NJ. He completed an MBA at NYU in 1996. in Aiken, S.C. She writes, "I received certifi­ Deborah L. Jones, BSM, is an assistant 1986 cation as a hazardous materials manager product manager with TheJ.M. Smucker Robert M. Kowalewski, BSM, is chair­ (CHMM) in August 1997; graduated from Timothy A. Shaw, BSIM, is a senior Co. in Orrville, Ohio. man of Robert Thomas Brewing Co., Inc., Southem Methodist University with an MS business analyst/information technology Grand Rapids, Mich. He writes: "I gradu­ in hazardous waste and materials manage­ David Schwartz, BSIM, writes: "I with Rayonier Inc., in Stamford, Conn. He ated in May '96 from Notre Dame's MBA ment in May 1998; and married Jeff Hand recently eamed an MBA at the Anderson currently is working on supply chain man­ program; spent nine months in Old Kent's on August 29,1998." School at VQIA and started working as an agement systems installations, including accelerated career track program; then quit assistant brand manager with Procter & SAP R/3 sales/distribution and financials to open my own micro brewery with my Randy Ketcham, BSM, is a dealer fi­ Gamble in Cincinnati." for the company's Specialty Pulp Products partner whom I met at Notre Dame." nance officer with Regions Financial Corp. Division. in Birmingham, Ala. Theresa M. (Sucich) Thurman, BSM, Dennis E. Meador, BS (ACCT). See writes: "I just celebrated my fifth anniver­ J. Kristopher Taylor, BSM, has been Master's Alumni 1988. Gary L. Melliere, BSM, is a marketing sary with Heritage Bank of Schaumburg promoted to market supply manager North manager-Canadian feminine care products (111.) where I'm an assistant vice president Nancy (Brady) Moore, BSIM, is a se­ American Purchasing, with The Dow with Kimberly-Clark in Mississauga, (lending/real estate). Also celebrating fifth nior cost accountant with American United Chemical Co., Midland, Mich. Ontario. wedding anniversan-with husband Ken­ Life Insurance Co. in Indianapolis. Her neth Thurman, BSIE '90, who is the busi­ first daughter Valerie Elizabeth, was born StephenJ. Noth, BSIM, is a production 1987 ness systems manager for Unistar AirCargo June 22,1998, and weighed 7 lbs., 2 oz. manager with Lithonia Lighting in in WoodDale, III." Danielle Dycus, BSM, has been a Crawfordsville, Ind. director European marketing, with the 1989 10th Reunion Year Chicago Mercantile Exchange in I/)ndon, Deborah A. VanVoorhis, BSM, works England, since January 1997. April L. Held, BSM, is a design engineer in medical sales for Innovex Pharmaceuti­ with the General Electric Co. in Cincinnati, cals in Overiand Park, Kans. Ohio. She and her husband, Timothy AAE

Krannert Portfolio 47 Winter 1998-99 CLAScmS NOTE S

Undergraduate Alumni continued

1992 Jerry Laws, BS (ACCT), is a senior Jennifer Gamer, BSM, is a merchandis­ Riche' L. Patterson, BSM, is a senior IS project manager with J.D. Laws Consulting ing and administration manager with GT technical specialist with Kemper Insurance James Bergman, BS (ACCT), is a district in Wright City, Mo. Bicycles/Riteway Products in Santa Ana, Companies in Long Grove, III. financial manager-North Florida district Calif with Republic Industries, Inc., Clearwater David Makepeace, BS (ACCT), is a Jennifer Watson Swatek, BSM, is an Fla quality assurance engineer with Hyperion Debbie (Kuhnle) Harris, BSM, has a accountant with Stepan Co. in Northfield, Solutions in Stamford, Conn. new position as a sales analyst, diabetes 111. Bryan Brinks, BSM, is a consultant with care business unit, with Roche Diagnostics John Naughton, BSM, works in software PricewaterhouseCoopers in Denver where in Indianapolis. Elizabeth Vote, BSM, is an internal au­ he worb with telecommunications clients. development for MPCT Solutions, Inc., in ditor with Old National Bancorp in Evans­ He is a member of the Information Systems Chicago. Julie Kalchbrenner Vercruysse, ville, Ind. Audit and Controls Association. Brinks BSM, has a new position as physician out­ Robert T. Pipes, BSM, works for Cus­ writes that "the job is not as fun as living reach account executive/healthcare ad­ tomized Transportation, Inc. (CTI), in 1998 in Colorado and skiing as much as I can." ministration with Children's Memorial Lafayette, Ind. Hospital in Chicago; she formerly worked Sondra C. (Smith) Adams, BSM, is a Steve Brock, BSIM, is a production and Beth (Steininger) Wong, BSIM, writes: for Humana Health Plans. She and Brian benefits assistant with Best Access Systems inventory control manager-USA with Blinds ""I was recently promoted to senior consult­ Vercmysse, BSCE '94, were married in Sep­ in Indianapolis. She and Anthony D. To Go in Lakewood, N J, He will finish an ant with PeopleSoft in Westchester III. I've tember 1998. Adams were married September 26,1998. MBA at Wake Forest University in May been back to campus to help with Tom Yates, BSM, is a senior consultant 1999- He welcomed his firstborn child on PeopleSoft's college recmiting." Rebecca L. Roehrman, BS (ACCT), is August 11, a daughter Kaitlyn Anne. with Lante Corp. in San Francisco. an accountant with Ent & Imler CPA 1994 Sth Reunfon Year Group, PC, Indianapolis. Kevin Jones, BSM. See Master's Alumni 1996 1996. David W. Abbott, BSM, attends the Uni­ Kevin J. Williams, BSM, is a business Todd S. Julian, BSM, is a senior service versity of Virginia Darden Graduate School systems analyst with First Chicago/NBD in Uah A. Mawbey, BS (ACCT), is a man­ sales engineer with Montgomery KONE, of Business Administration in Chicago. ager with Arthur Andersen, LLP, in Chi­ Inc., in Rocky Hill, Conn. Charlottesville, Va. He is a former analyst cago. with Berkshire Capital Corp. in New York Marko Slijepcevic, BS (ACCT), is a pro­ Matthew H. McPhail, BSM, is an assis­ City gram analyst with KPMG in Dayton, Ohio. KR(^NNERT tant portfolio manager with Loring, He will receive an MBA from the University Michele Dixey, BSM, is a treasury ana­ CONNECTION Wolcott & Coolidge in Boston. He is a char­ of Dayton in May 1999. tered financial analyst (CFA) and a mem­ lyst-corporate finance with USAirways in ber of The Boston Security Analyst Society. Ariington, Va. Sara C. Ticen, BS (ACCT), is a senior Connect with fellow Krannert accountant with Blue & Co. LLC in alumni by e-mail! Debra A. (Connell) Knebel, BSIM, is Tracy E. Schmidt Miller, BSM, has Seymour, Ind. been promoted to product manager with a product engineer with Mid-West Metal Products in Muncie, Ind. She writes: "I've http://www3.mgmt.purdue.edu/ Nabisco in Parsippany N.J. She is currently 1997 alumni/ pursuing an MBA at Seton Hall University. been with the company for almost four years, in which I've acquired a broad range Aaron Brougher, BSM, is a sales execu­ To submH your e-mail of experience from engineering to schedul­ 1993 tive, general licensing, with Broadcast Mu­ address: ing and cost accounting. I married Kerry sic Inc. (BMI) in Nashville, Tenn. Jody L. Banks, BS (ACCT), is an assis­ Knebel onjune 21,1997." 1. Click on "E-mail Service" tant district attomey with the Fulton Robert S. Daugherty, BSM, is an asso 2. Click on "Submit your e-mail County District Attomey's office in Atlanta. Bryan M. Leaver, BSM, is a vice presi­ ciate systems engineer with DC Systems, an address" dent-risk management, risk control with She investigates and prosecutes felonies information management firm, in 3. Fill in the information and PNC National Bank in Wilmington, Del. He (including white collar crime) in the met­ Oakbrook Terrace, HI. click "submit" ropolitan Atlanta area. writes; ""1 have been married for six years. Osman M. Khan, BSM, writes: ""I'm cur­ My wife, Laura, graduated with a BS CFS To search for a rently working on an SAP project where Eric Bymaster, BSM, is an assistant di­ from Purdue in May 1998. She is a classmate's e-mail I'm putting my MIS skills to use: a new rector of real estate with the Purdue Re­ softlines manager for Target. We are cur­ address: search Foundation in West Lafayette. He is rently building our first home in West data warehouse application called Business a Big Brother with Big Brothers & Big Sis­ Chester Pa." Integration Warehouse (BIW), Purdue is 1. Click on "E-mail Service" ters, and is pursuing a master's degree in one of five schools in North America that 2. Select class year from pull­ higher education administration in 1995 has been authoriziid and funded by SAP down menu Purdue's School of Education. America to teach this application. Also, I'm 3. Click on "Get E-mail List" Rebecca Casanova, BSM, is a senior working with the Purdue Marketing team Kenneth Carlson, BSIM, is a fulfillment employee relations analyst with Lockheed at Andersen Consulting to organize a din­ Your inclusion in the Kr@nnert sales executive with Promo Edge in Martin in Hanover Md. She received certifi­ ner for our spring '99 new hires where we Connection is voluntary; you Mequon, Wise. cation as an HR professional by SHRM in can plant the seeds for involvement in re­ must sign up to use the sen/ice. May 1998. cmiting as well as for contributing to AC's Neil A. Davis, BSM, is an attorney with For Krannert alumni only. Matching Gift Purdue Alumni Fund Drive." Smith & Wade in Indianapolis. Eric C. Denney, BSM, was promoted in September to national account manager Shawn Green, BSIM, is a call center Joshua Junk, BSM, is a revenue manage­ with Computer Associates Intemational, planning analyst with Boise Cascade Office ment analyst with AirTran in Oriando, Fla Inc., Lisle, III. He has been elected to the board for the Products in Itasca, III. He is enrolled in the Haines City, Fla, Optimist Club. MBA program at Northem Illinois Univer­ Jody L. Eason, BSM, is a business ana­ sity. lyst with Business Services Computing at Purdue University, West Lafayette.

Krannert Portfolio 48 Winter 1998-99 Krannert School of IVIanagement at Purdue University

Administration Dennis J. Weidenaar, Dean James B. Dworkin, Associate Dean G. Logan Jordan, Assistant Dean for Administration Kae F. Moore, Assistant Dean for Development

Programs Centers Services Doctoral Programs and Research Center for international Alumni Placement and Internships Robert Plante, Director Business Education and Kathy Davis, Coordinator Master's Placement Phone: (765) 494-4375 Research (CIBER) Phone: (765) 494-6173 Management Placement Office Fax: (765) 494-1526 Marie C. Thursby, Director Fax: (765) 494-4360 Alan D. Ferrell, Director E-mail: Kelly L Felty at E-mail: [email protected] Chris Neilands, Associate Director [email protected] Center for the Management Phone: (765) 494-4377 of Manufacturing Enterprises Corporate Relations Fax: (765) 494-6385 Executive Education (CMME) Greg Kapp, Director E-mail: Rusty Cassini at Wilbur G. Lewellen, Director Herbert Moskowitz, Director Phone: (765) 494-4453 [email protected] Degree Programs Fax: (765) 494-0818 Erika Steuterman Center for Tax Policy Studies E-mail: [email protected] Undergraduate Placement Phone: (765) 494-4501 (CTPS) Career Services Center Fax: (765) 494-0862 James A. Papke, Director Development Kay I. Henry, Coordinator, Career E-mail: Christopher Smith, Director Services [email protected] Indiana Council for Economic Phone: (765) 494-0501 Phone: (765) 494-1688 Education (ICEE) Fax: (765) 494-4360 Fax: (765) 496-1479 Non-degree Programs Harlan R. Day, Director E-mail: [email protected] E-mail: [email protected] Michael E. Sheahan Phone: (765) 494-7700 Krannert Entrepreneurship Barbara M. Coury, Assistant Director Public Relations Fax: (765) 496-3483 Initiative Phone: (765) 496-6240 Tamyra L. Gibson, Director E-mail: Shailendra R. Mehta, Director Fax: (765) 494-4360 Phone: (765) 494-4392 [email protected] E-mail: [email protected] Fax: (765) 494-9658 Purdue Center for Economic E-mail: [email protected] Minority Programs Education (PCEE) Library Cornell A. Bell, Director Michael W. Watts, Director Judith M. Nixon, Director Publications Phone: (765) 494-4520 Kelly M. Rawlings, Director Fax: (765) 496-1778 Technology Transfer Initiative Phone: (765) 496-1780 E-mail: [email protected] Marie C. Thursby, Director Fax: (765) 494-0793 E-mail: [email protected] Professional Master's Programs Charles R. Johnson, Jr, Director Mark Moharty, Faculty Director Ward D. Sneariy, Director of Admissions Krannert Portfolio Staff Phone: (765) 494-4365 Fax: (765) 494-9841 Krannert Portfolio is produced Emily Hunteman, Contributing E-mail: twice a year by Krannert's Writer [email protected] publications team in the J.S. Martin, Contributing Writer R David Schoorman, Director, Purdue Office of Publications. Rex W. Marrs, Editorial Assistant Jim McCammack, Designer Master of Science in Human David J. Brannan, Director Kelly M. Rawlings, Editor Resource Management Program Barbara Coury, Contributing Editor Kate R. Walker, University News Phone: (765) 494-4391 Tamyra L. Gibson, Contributing E-mail: [email protected] Photographer Service Writer/Publicist Andrew Greta, Contributing Writer Vincent R Walter, Photographer Undergraduate Programs Cathy Heinz, Production Manager Michael Sanders, Director Jack Hatcher, Faculty Director Phone: (765) 494-4342 Fax: (765) 496-1479 E-mail: [email protected]

Krannert Scliool of Management

Purdue University Phone: (765) 494-9700 m 1310 Krannert Building Fax: (765) 494-4360 West Lafayette, IN 47907-1310 E-mail: [email protected] URL: http://www.mgmt.purdue.edu

An equal access/equal opportunity university Produced by the OfTice of Publications ©1999 by the Purdue University Krannert School of Management, an equal access/equal opportunity university. All rights reserved. No part of this publication may be reproduced or duplicated without the prior written permission of the publisher. While every effort has been made to insure the accuracy of the information included in this publication at the time of printing, the publisher shall not be liable for damages arising from errors or omissions. upcoming 1999 Spring Calendar

February 22 Undergraduate Internship Fair March 6 Burton D. Morgan Entrepreneurial Competition March 14-21 Spring Break (no classes) April 15 Dauch Center for the Management of Manufacturing Enterprises (DCMME) Partners' Meeting April 15-16 Dean's Advisory Counci 1 Meeting April 16 Spring Honors Convocation Reception April 17 Honors Banquet for Beta Gamma Sigma and School of Management Council Presentation of the School of Management Distinguished Executive Award April 22-23 Krannert School Alumni Association Board Meeting May 1 Classes End May 15-16 Spring Commencement Presentation of Honorary Doctorate Degrees

Ca//(765j 494-6173 or e-mail [email protected] for more information about calendar activities.

Non-profit Organization U.S Postage PAID no Purdue University Krannert School of Management Purdue University 1310 Krannert Building West Lafayette, IN 47907-1.310