Paul A.R. Beyreuther

PAUL A.R. BEYREUTHER is the President of The Beyreuther Company, Inc. in
Taos, New Mexico. He is a Chartered Financial Analyst (C.F.A. 1976). Mr.
Beyreuther has over 30 years of investment experience. For the last 27
years he has been an investment manager of retirement plan portfolios.
Prior to founding the Beyreuther Company in 1986, he was President of
Alphaquest Asset Management, Chief Investment Officer with Amalgamated
Trust and Savings Bank of Chicago and a portfolio manager with the First
National Bank of Chicago. He earned an M.B.A. in 1964 and an A.B. in
1962 from Washington University in St. Louis. At this time he is serving
on steering committees establishing local New Mexico AIMR and IAFP
chapters. He is a Managing Director of the Washington Center for
Investment Research and is a member of the National Economists Club.