Betsy G. Pecor

Betsy G. Pecor, Assistant Vice President and Equity Analyst, joined NL
Capital Management in 2000 as an Equity Analyst. Previously, she was a
Senior Consultant with Catalyst Ventures, Inc., a firm based in Tampa,
Florida, that focused on strategic planning, raising capital and merger
and acquisition activity. Her experience also includes analyzing small
cap equities for Eagle Asset Management, Inc., a division of Raymond
James Financial. She has assisted on the growth team with recent
responsibility concentrated on the Mid Cap Growth Fund and focus on the
consumer sector. She graduated with a BS from the University of Vermont
in 1988 and received her MBA in Finance and Entrepreneurship from the
University of South Florida in 1999. She is a Chartered Financial
Analyst and is a member of the Vermont Society of Security Analysts and
the Association for Investment Management and Research.