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Wednesday, June 9, 2004, New York City, Metropolitan Club

Charles W. Kadlec
Managing Director,
J. & W. Seligman & Co.

Charles W. Kadlec is Managing Director of J. & W. Seligman & Co Incorporated, and Director of Seligman High Net Worth Marketing. Additionally, Mr. Kadlec is Chief Investment Strategist for Seligman Advisors, Inc., distributor of the Seligman Group of Funds. He manages the Seligman Time Horizon Funds, which are based on an investor’s time horizon to reaching goals, and the Harvester Fund, which addresses the unique concerns facing retirees and foundations, as well as endowments. He also is Treasurer and Executive Committee member of the Closed-End Fund Association.

Mr. Kadlec served as an economic advisor to Jack Kemp during his 1988 presidential bid and maintained a close advisory relationship with him during his tenure as Secretary of Housing and Urban Development. He has also testified before Congress on Monetary Policy, Government Poverty Programs, and appeared before the Flat Tax Commission.

Mr. Kadlec contributes a column to Investment News. His articles appear in The Wall Street Journal, The New York Times and other investment periodicals. He is a frequent guest on “Kudlow and Cramer,” and has appeared on CNBC’s “Squawk Box” and CNNfn’s “Street Sweep” and “Market Call.” Mr. Kadlec is also the author of the book, Dow 100,000: Fact or Fiction (Prentice Hall, September 1999).

He was executive vice president and director of research at A.B. Laffer Associates, prior to joining Seligman in 1985. Previously, he was a partner in H.C. Wainwright & Co., in Boston, an officer of Crocker National Bank in San Francisco, and a contributing editor to Business Week magazine in New York. He received his MBA with honors from the University of Chicago. Additionally, Mr. Kadlec is a member of the International Advisory Council of the Institute of International Education and is a Certified Investment Management Analyst.

J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, was founded in 1864. As well as providing management and advisory services to institutional clients, the firm and its affiliates provide individuals a broad array of investment options, including the US-based Seligman Group of Funds with more than 60 portfolios, a range of retirement services, and investment options offered within North Carolina’s National College Savings Program, a 529 program. Additionally, it manages Tri-Continental Corporation and two closed-end municipal bond funds, which are traded on the New York Stock Exchange. Seligman also manages a range of offshore investments available exclusively for non-US investors. J. & W. Seligman & Co. Incorporated has an additional office in Palo Alto, California.