MICHAEL CAPLAN is a Principal and Senior Portfolio Manager at State
Street Global Advisors. He is the team leader for the aggressive equity
and small cap strategies. He is also the head of the line group, the US
Active Quantitative Equity Group. He has extensive experience in
developing actively managed quantitative investment strategies. Mr.
Caplan has been a Portfolio Manager since 1986 and prior to joining SSGA
he worked for Independence Investment Associates and MassMutual
Insurance Company (David L. Babson Inc.). He holds the CFA Charter and
is a member of the Boston Security Analyst Society. He has a BA in
Political Science and an MBA in Finance and Corporate Accounting from
the University of Rochester.
Michael Caplan - State Street Global Advisors
September 30, 2002