THOMAS M. KERESEY is Chairman and Chief Investment Officer of Palm Beach
Advisers. He is responsible for the management of private and
institutional accounts. He is well known in the investment community
and has been widely quoted in the financial press. Prior to founding
Palm Beach Investment Advisers in 1990, he was Chairman of Palm Beach
Capital Management, an independent counseling firm advising the ABT
family of mutual funds in addition to private and institutional
accounts. Previously, he served as Chairman and Director of the First
National Bank in Palm Beach for ten years. Before moving to Palm Beach,
he was Executive Vice President and a Director of Kidder Peabody &
Company in New York and Executive Vice President and Director of Clark,
Dodge and Company for five years. He began his business career as a
member of the International Division of Owens-Corning Fiberglas
Corporation in 1953. Mr. Keresey served in the Naval Reserve from
1949-1955. Mr. Keresey received a Bachelor of Arts Degree in
International Political Science from Yale University. He is very active
in the local community serving as director of the Intracostal Health
system’s Hospitals’ Board, former President and current Honorary Trustee
of the Palm Beach Day School, and a Director of the Palm Beach Civic
Association. He also serves on the Investment Policy Committee of the
Smithsonian Institution and is a former National Board member of the
Smithsonian Institution and is a former National Board member of the
Smithsonian of Washington, D.C. He has 40 years of investment
experience.
Thomas M. Keresey - Palm Beach Advisors
March 23, 1998