Michael Borgen

Michael Borgen, a Portfolio Manager at Navellier & Associates, has nine
years’ experience in the securities industry and joined Navellier in
1995 as a Quantitative Research Analyst. Mr. Borgen is currently
responsible for the management of the Mid Cap Growth and Micro-to-Small
Cap Growth strategies and was named Lead Portfolio Manager for the Small
Cap Growth strategy. In addition, Mr. Borgen conducts ongoing research
enhancements of the firm’s quantitative investment process and works on
product development. He received a BS in Finance from the University of
Nevada, Reno.

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January 31, 2005