Witter & Lester, Inc.

Richard L. Lester, President and co-founder of the Advisor, attended the University of Alabama in Huntsville and holds an Associate Degree in Business Administration from Calhoun Community College. He has been registered with the Advisor as an Associated Person and Principal since inception of the Advisor, March 1988. <br><br> G. Wayne Whaley, Executive Vice-President for the Advisor since 1993 and principal since 1998, holds a B. S. degree in the Science of Mathematics from Jacksonville State University and a M.S. degree in Operations Research (Applied Math) from Georgia Technological Institute. He has been registered with the Advisor as an Associated Person since July 14, 1995, and as a Principal since, March 20, 1998.