Staats M. Pellett

Board of Directors

B.A., Columbia University

Mr. Pellett has had a career in the financial industry since 1955, having held positions at the New York Stock Exchange, Moody's Investors Service, Goldman Sachs & Co., Fireman's Fund Insurance Company and Bessemer Trust Company, NA from which he retired in 1996. Mr. Pellett is a member of the Municipal Forum of New York, CFA, the Society of Municipal Analysts, and the Stamford Society of Investment Analysts. In addition, Mr. Pellett was a Public Member of the Municipal Securities Rulemaking Board from 1977 to 1980. He has also been a Director of the Boards of Capital Guaranty Insurance Company (1994-5) and Financial Security Assurance Holdings Ltd. (1996-8).

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