William M. Hegarty

WILLIAM M. HEGARTY, JR. is Managing Director/Portfolio Manager of
Gradison-McDonald Asset Management. He joined the Company in April, 1996
as a Senior Vice President and Portfolio Manager. In November of 1996,
he was named Manager of the Cleveland office. Prior to joining
Gradison-McDonald, Mr. Hegarty was Vice President and Principal of
Courier Corp. Prior to that, he was Chief Investment Officer and
Principal of Hickory Investment Advisors, Vice President and Portfolio
Manager for Ameritrust Corporation, and began his career with Investor
Diversified Services. He is a graduate of the University of Kentucky
and is a member of the Cleveland Society of Security Analysts.
Additionally, he is Chairman of the Board of Recovery Resources Inc. and
Vice Chairman of the Board of Cuyahoga Community Foundation.