John P. Thayer

JOHN P. THAYER is Chief Investment Officer for Associated Investment
Management, LLC, and manages the Associated Common Stock Fund. He earned
a BA in Economics from the University of Michigan and is a Certified
Financial Planner. Mr. Thayer earned the Chartered Financial Analyst
designation and is a member of AIMR. He has 20 years of experience in
trust and portfolio management. Prior to joining the firm in 2000, Mr.
Thayer was the Senior Portfolio Manager at SunTrust Bank in Nashville,