Michael C. Schoeck

MICHAEL C. SCHOECK is a Senior Principal of State Street Global
Advisors, a member of the Investment Committee and a member of the
Senior Management Group. He is responsible for directing the firm’s
Global Quantitative Strategies team. Mr. Schoeck has been working as an
international investment manager since 1986. Prior to joining SSgA in
1997, he was the head of international equities for Standish, Ayer &
Wood. Before that, he led the equities team for Commerzbank Investment
Management, a subsidiary of Commerzbank and one of Germany’s largest
financial institutions. Mr. Schoeck attended London University and is a
graduate of Stuttgart University where he received his Master’s degree.
He also received financial analyst certification from the German Society
of Investment Analysts.

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January 26, 2004