Directors



George W. Connell

President, Drexel Morgan & Co


John A. Fry

Director Emeritus,
President
, Drexel University


John F. McGill, Jr.

Director


Bruce A. Rosenfield, Esq.

Of Counsel, Dilworth Paxson LLP


Advisory Board



J. William Knot

Private Investor


Lynda M. Mc Feeley

Senior Vice President and Treasurer, Drexel Morgan & Co


Henry B. Smith

Director & Co-Chief Investment Officer, The Haverford Trust Company


Paul S. Rovner

Senior Vice President & Chief Financial Officer, Drexel Morgan & Co.


Nancy Kneeland

Member


Investment Management



Drexel Morgan & Co.’s standard annual fee for advisory services is as follows:


On the first $2,000,000 1.00%


On the next $3,000,000 0.75%


On the next $5,000,000 0.50%


The fee for accounts in excess of $10 million will be negotiated.



Regulatory Authority



United States Securities and Exchange Commission*

*Registration with the United States Securities and Exchange Commission does not imply a certain level of skill or training.