Partial List of Clients We Have Advised

Bank of America

Bank of North America

Bank of Nova Scotia

Banque Degroof

Bellingham Capital Management

Berco Limited

BHF Bank

Caisse de Dépôts

Chase Manhatten Bank

Chemical Bank

Cinergy

City of Milford Penion

Continental Bank

CPR Gestion- Paris

Dresdner Bank

Eagle Capital

European Bank for Reconstruction and Development

Fina Investments

First Union

General Electric Investments

J.P. Morgan

J.P. Morgan Private Bank - Geneva

KeyCorp

Minnesota Power

Nacional Financiera

Pacific Gas and Electric

Pitney Bowes

Public Service Enterprise Group

Staines Asset Management

State of Connecticut

Sunnyside Felipe Trust

Trinkhaus & Burkhardt

Tudor Investments

University of Virginia

USGen Power Services

Vantus

Virginia Retirement System

Wachovia

Wasatch Insurance (Union Pacific Corp.)