Bonnie Herzog

Bonnie Herzog is a Director in the U.S. Equity Research Department at
Smith Barney where she covers the beverage and tobacco sectors. For the
third consecutive year, Ms. Herzog has been ranked in the top three in
the Institutional Investor All-American Research Team survey for
tobacco. She has also ranked in the top three in the Greenwich Survey
for tobacco since 2001. She joined Smith Barney in April 2002. Prior to
that she was at Credit Suisse First Boston from 1997 covering the
tobacco sector. She has been a guest speaker at numerous tobacco and
beverage industry conferences. Ms. Herzog earned her MBA in Finance from
the Sloan School of Management at the Massachusetts Institute of
Technology and her BA from the University of St. Thomas with a major in