PAUL A. MUZZEY is President of Capital Investment Services of America,
Inc. He began his career as a Portfolio Manager in the Trust Department
of a large international bank in Chicago. Prior to joining the firm, Mr.
Muzzey was the Manager of Fixed Income Trading for a large Milwaukee
bank holding company. He is a Chartered Financial Analyst charterholder.
Mr. Muzzey earned a BS degree from the University of Illinois and an MBA
from the University of Chicago. He has taught at the Keller Graduate
School of Management and at the American Institute of Banking.