FY 2005 Board of Trustees Our Contributors Financial Executives Research Foundation (FERF) extends its gratitude to the Chair Joan E. Netzel generous contributors who have supported our FY 2005 Campaign marking First Vice President, its 60th anniversary. Contributors included public and private corporations, Audit Relationship Manager FEI chapters and individuals from both the active and retired membership SunTrust Banks, Inc. ranks. We consider every donor our partner in providing timely, practical research to enhance the financial management profession. Vice-Chairman & Treasurer Scott M. Boggs Research Sponsor/ Alltel Corporation PepsiCo, Inc. Director Underwriter American Financial Perrigo Company Cascade Natural Gas Corporation The Board Institute Corporation PNM Resources CSC Consulting, Inc. Anadarko Petroleum PPG Industries, Incorporated Corporation PricewaterhouseCoopers President & Chief Executive Officer Mellon Consulting LLC Paisley Consulting Automatic Data Processing Inc. Scientific-Atlanta, Inc. Colleen A. Cunningham Aventis Sensient Technologies President and CEO Presidents' Circle (Investor) Barnes Group, Inc. Stewart Enterprises, Inc. California Portland Telephone and Data Financial Executives International $10,000 and up Cement Company Systems, Inc. Abbott Laboratories Cargill Incorporated Texas Industries Dr. Raj Aggarwal Bristol-Myers Squibb Co. Carlson Companies, Inc. The Center for Firestone Chair in Finance/Business The Coca-Cola Company Ceridian Business Intelligence Kent State University Dell Inc. Chevron Texaco Tribune Company FEI Houston Chapter Coachmen Industries, Inc. Universal Leaf Tobacco Co. Microsoft Corporation Colgate-Palmolive Company University of California, Joseph R. Barkley Computer Sciences Berkeley Senior VP - Administration President's Circle (Patron) Corporation USG Corporation Office of the CIO $5,000 - $9,999 ConocoPhillips Valmont Industries, Inc. American International Group, Inc. Aluminum Company of Cooper Industries, Ltd. Virginia Credit Union, Inc. America Crane Company W.W. Grainger, Inc. Anonymous Datascope Corporation Wal-mart Stores, Incorporated George Boyadjis AT&T EdwardJones Wiremold Company EVP, CFO, Secretary and Treasurer Comcast Corp. Enbridge, Inc. Woodward Governor American TeleCare, Inc. Corning Incorporated EnCana Corporation Company Cummins, Inc. Energen Corporation World Trade Group CVS Corporation Ernst & Young David B. Braden DaimlerChrysler Estee Lauder Companies, Inc. Supporters $251 - $999 Assistant VP and Assistant Treasurer Corporation Fund Ethyl Corporation Corporate Cargill, Incorporated Dow Chemical Company Federal Signal Corporation 21st Century Duke Energy Corporation Financial Executives Insurance Group Taylor Hawes E. I. du Pont de Nemours International Agricore United & Company Florida Power & Light Co. GM Controller, Global Platforms Agrium Inc. Eaton Corporation Four Seasons Hotels and Airgas Inc. and Operations Eli Lilly & Company Resorts Alexander & Baldwin, Inc. Microsoft Corporation Exxon Mobil Corporation Genencor International Inc. Alliance Capital FEI Chicago Chapter Gillette Company Management Corp. FEI Pittsburgh Chapter Givaudan Marsha L. Hunt Altera Corporation General Electric Company, Inc. Granite Construction Inc. Amcol International Vice President and Controller General Motors Hallmark Cards, Inc. Corporation Cummins Inc. Georgia-Pacific Corporation Hershey Foods Corp. AmerCable Incorporated Hewlett-Packard Company Hunter Douglas Inc. American Refining Group, Inc. Brian B. Ruttencutter IBM Corporation Illinois Tool Works, Inc. American United Life Interpublic Group of Inco Limited President and CEO Insurance Company Companies, Incorporated Intel Corporation ANDALEX Resources, Inc. ABC Window Company, Inc. Johnson & Johnson International Flavors Ariel Capital Lockheed Martin Corporation & Fragrances Inc. Management, Inc. Norman N. Strauss Medtronic, Inc. J.P. Morgan Chase Avon Canada Inc. Motorola, Inc. & Co., Incorporated Ernst & Young Executive Ball Corporation Pfizer Inc. KeyCorp Bandag, Incorporated Professor in Residence Procter & Gamble LaBranche & Co. Inc. Bank of Nova Scotia Baruch College Sony Corp. of America LCS Holdings, Inc. Barber Foods The City University of New York Tenneco Automotive, Inc. Lifetouch Inc. Bausch & Lomb, Inc. Time Warner Louisville Bedding Company Bose Corporation Verizon Foundation Maple Leaf Foods Inc. Ex-Officio Trustee Butler Company Martin Marietta Materials, Inc. California Casualty Robert Walker Leadership Masco Corp. Mgmt. Co. $1,000 - $4,999 MBNA America Bank, N.A. Canadian Broadcasting Corporate McCormick & Company, Inc. Corporation 3M MGIC Investment Corporation Capitol Aggregates A&E Television Networks Northrop Grumman Corp. Certified Management Aetna, Inc. OGE Accountants of Alberta Air Products & Chemicals, Inc. Omnova Solutions Foundation CH2M Hill, Ltd. Please note: Every effort has been made to ensure the accuracy and completeness of the donor lists in this annual report. We apologize for any error or omission that may have occurred. Church & Dwight Co., Inc. Pappas Restaurants American Air Liquide Charlotte Pipe and Gemstar-TV Guide Coca-Cola Bottling Paychex, Incorporated Holdings, Inc. Foundry Company International, Inc. Co. United, Inc. Pepsi Bottling Group, American Dental Chicago Consulting Genco Computer Services, Inc. Inc., The American Dryer Corporation Actuaries LLC Global Insight, Inc. Cooperative Federee Petrofund, Inc. American Savings Bank, Clarke Detroit Diesel Great Lakes Gas De Quebec Pharmaceutical Resources F.S.B. Allison Transmission Company Cubic Corporation Phillips, Hager & North Ltd. American TeleCare, Inc. Clearwater Lobsters Greater Bay Bancorp Cullen/Frost Bankers Precision Castparts Corp. Ameritas Life Insurance ClubCorp, Inc. Greenwich Associates Dana Corp Protiviti Knowledge Corp. Coldwater Creek, Inc. Greystone Managed Darden Restaurants, Inc. Services AMETEK, Inc. Colony Capital, Inc. Investments, Inc. Davey Tree Expert Company Reynolds & Reynolds Amisys Synertech, Inc. Compex Technologies, Inc. Grobstein Horwath DeVry Inc. Company Anadarko Petroleum CompX International, Inc. & Co. Dover Motorsports, Inc. Salem Leasing Corporation Corporation ConMed Corp. GSI Lumonics E.W. Scripps Company Scott Fetzer Company Anchor Lamina, Inc. Constellation Energy GTECH Corp. Edw. C. Levy Co. Sealed Air Corporation Anvil International Group, Inc. Guidant Corporation Ensign-Bickford Segal Company, Inc. Applied Materials, Inc. Continental Real Estate Cos. Guitar Center, Inc. Industries, Inc. Select Medical Corporation ARC International Cooper Tire & Rubber GZA Geo Environmental FM Global Foundation Sequa Corporation Arrow Electronics, Inc. Company H. S. Grace & Company, Inc. Franklin International, Inc. Standex International Arsenal Digital Solutions Correctional Services Haldex Hydraulics Frequency Electronics, Corporation Arthrocare Corporation Corporation Harris Corporation Incorporated Stites & Harbison Astrazeneca PLC CST Industries, Inc. Harvey Industries, Inc. General Electric Sunwest Bank Avnet, Inc. Cushman & Wakefield Inc. Hearst-Argyle Television, Inc. Canada Inc. Sysco Corporation Baker Hughes, Inc. Cytec Industries Inc. Heidtman Steel General Mills, Inc. Tasty Baking Company Bamberger Polymers Data Flow/Alaska, Inc. Products Inc. Gordmans, Inc. The Solae Company BankAtlantic Bancorp DBL Distributing Herman Miller, Inc. Gould Electronics Inc. Thomson Legal & Regulatory Bankers Trust Co. Decision Resources, High Pressure Equipment Green Shield Canada TIVO, Inc. Battelle Memorial Institute Incorporated Company Griffith Laboratories Inc. Tree Top, Inc. Belk, Inc. DemandTec, Inc. HIP Health Plan Hastings Entertainment, Inc. Universal Stainless & Alloy Bell-Carter Foods, Inc. Development Dimensions HNTB Corporation HCC Insurance Products, Inc. Bemis Company, Inc. International Inc. Hubbell Incorporated Holdings, Inc. Unocal Corp. Bemis Manufacturing Dixon Ticonderoga Co. Human Genome Hillman Company Company Sciences, Inc. Waddell & Reed, Inc. Dolby Laboratories, Inc. Hilton Hotels Corporation Better Minerals & IMS Health Warner Bros. ( A Division Dollar Thrifty Automotive Howmedica Osteonics , Inc. Aggregates Company Independent Purchasing of AOL Time Warner) Group, Inc. Hutchinson Technology BJ Services Company Cooperative, Inc. Watlow Electric Mfg Co. Dover Resources Inc. Incorporated Black & McDonald Ltd. Industrial Dist. Group, Inc. Welch's DPR Construction, Inc. InterDigital Communications Blevins & Associates, Inc. International Rectifier Western & Southern DRS Technologies Corp. BlueCross & BlueShield Corporation Financial Group Duke Realty Corp. International-Matex of OK International Textile Group XL Capital, Ltd. Dynamex, Inc. Tank Terminals Body Shop of America, Inc. Intrado, Inc. Yancey Bros. Co. Earthlink Incorporated John Hancock Mutual Booz Allen & Hamilton Inc. Introgen Therapeutics Edmonton Journal Life Ins. Co. BorgWarner Incorporated JM Family Enterprises Individual Educational Testing John Henry Company Boston Communications John Crane, Inc. Lee Adrean Service Laitram Corporation Group Johnsson Group, Inc. David Cavallo El Paso Corporation Lamson & Sessions Boston Private Financial Jones Trading Institutional Dan A. Decanniere Company Holdings, Inc. Elizabeth Town College Services LLC Robert S. Gluck Lindblad Expeditions, Inc. Bowles Fluidics ElkCorp Kaiser Foundation Health Robert W. Goldman Lindsay Manufacturing Corporation Ellwood Group, Inc. Plan of Colorado, Inc. Cheryl Graziano Company BP America, Inc. Enbridge Energy Partners