2. Meeting Agenda  1) Today we welcome back to the hill Daniel Kilmurray to speak to our club about the Financial Services Industry.  2) Next week we will resume our normal meeting agenda and complete our allocation initiative.  3) We have bought and sold over 20 positions this year marking one of the most active semesters in Club history.

3. Daniel Kilmurray  Lafayette College Class of 1975  Dan’s Financial Services career began at Merrill Lynch in 1981 which transitioned into a research associate role at Laidlaw, Adams, and Peck in 1982 (covering the entertainment, toy, and game industries).  He joined Kidder Peabody & Co in 1984 as a financial advisor and hedge fund sales specialist.  He has remained at the survivor firm (PaineWebber merger and UBS merger) over the years in essentially the same role.  His team of 8 professionals manages over $2.0 billion in assets and generates investment ideas to the U.S. institutional community.  Dan has been a member of the Chairman’s Council since 1987, and has been named one of Barron’s Top 100 Financial Advisors.