Frank K. Reilly, Chartered Financial Analyst (CFA), was the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, where he served as dean from 1981�1987. Prior to 1981, Dr. Reilly was a professor at the University of Illinois at Urbana-Champaign, University of Wyoming and University of Kansas. Recently, he was part of the inaugural group selected as a fellow of the Financial Management Association International. At the 2001 AIMR annual meeting in Los Angeles, he received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice. Among his other honors, Professor Reilly was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduate Teaching Award and the Outstanding Educator Award from the M.B.A. class at the University of Illinois, the Outstanding Teachers Award from the M.B.A. class at the University of Notre Dame and the Faculty Award from the University of Notre Dame. He received his B.B.A. at the University of Notre Dame, his M.B.A. at Northwestern University and his Ph.D. at the University of Chicago. Keith C. Brown, Chartered Financial Analyst (CFA), is the University Distinguished Teaching Professor and Fayez Sarofim Fellow at the McCombs School of Business at the University of Texas at Austin, where he teaches Investments, Portfolio Management and Security Analysis, Capital Markets and Derivatives courses at the BBA and MBA levels. He served as president and CEO of The MBA Investment Fund, LLC, a private capital appreciation fund managed by UT graduate students as well as the former director of the department's Hicks, Muse, Tate and Furst Center for Private Equity Finance. Professor Brown is co-founder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas/Texas A&M Investment Management Company as well as a member of the Investment Committee for Atlas Capital Global, a subsidiary of Citibanamex� pension fund. He is an associate editor for the Journal of Investment Management and the Journal of Behavioral Finance. He received his B.A. from San Diego State University and his M.S. and Ph.D. from Purdue University.