MBIA Inc.

C. Edward (Chuck) Chaplin is president, chief administrative officer and chief financial officer of MBIA Inc. and he is also vice chairman and chief financial officer of its principal operating subsidiary, MBIA Insurance Corporation. Mr. Chaplin is responsible for the Company's accounting, tax, treasury and investor relations functions, financial planning, reinsurance, banking and liquidity management, information technologies and management services. He also oversees the company's relationships with the ratings agencies. Prior to joining MBIA in 2006, Mr. Chaplin was senior vice president and treasurer of Prudential Financial Inc., responsible for its capital and liquidity management, corporate finance, and banking and cash management. He was chairman of the Financial Controls Council, a management group supervising capital commitments, a member of the Investment Oversight Committee of the company's benefit plans and a member of Prudential's Disclosure Committee. Mr. Chaplin joined Prudential in 1983 as an associate investment manager in the Prudential Realty Group, and continually took on increasing responsibilities. In 1993, he was promoted to managing director and assistant treasurer, and then appointed treasurer in 1995. He was promoted to senior vice president in 2000. Mr. Chaplin has an undergraduate degree from Rutgers College and a Master's Degree in City and Regional Planning from Harvard University. He has held the Chartered Financial Analyst designation since 1997. Mr. Chaplin is a member of the Board of Overseers of Rutgers University, as well as a member of the Executive Leadership Council, a workplace diversity advocacy organization, and the President's Advisory Council of Hampton University.

William C. Fallon is president and chief operating officer of MBIA Inc. Mr. Fallon is responsible for overseeing the day-to-day operations of MBIA Inc. and its subsidiaries. Previously, Mr. Fallon was head of Global Structure Finance having joined the Company in 2005 as a managing director and head of Corporate and Strategic Planning. Prior to MBIA, Mr. Fallon was a partner at McKinsey & Company, where he specialized in consulting with financial institutions and was co-leader of the firm's Corporate Finance and Strategy practice and a key member of the North American Wholesale Financial Institutions and Risk Management practices. He also worked extensively with financial institutions in the areas of value-based management, valuation, mergers and acquisitions, securitization and risk management. Previously, Mr. Fallon was a financial consultant with Stern, Stewart & Co. From 1989 to 1991, he was a senior analyst at General Motors in the Treasurer's office, where he did corporate and international finance as well as mergers and acquisitions for the group. Mr. Fallon has a BA in economics from the College of William and Mary and an MBA from The Amos Tuck School at Dartmouth, where he was elected a Tuck Scholar.

Ms. Randolph is a managing director and chief technology officer (CTO) of MBIA Insurance Corporation, responsible for directing and implementing the company's global technology strategy. Prior to becoming the CTO, Ms. Randolph was the director of Infrastructure and Operations in the Information Technology Division, which included all domestic and international offices and engineering responsibility for 1838, a former MBIA wholly-owned subsidiary. Ms. Randolph significantly increased business value with the implementation of a global private network connecting all offices, the development of the worldwide Disaster Response and Recovery Plan, and the implementation of the company's first automated trading system. Before joining MBIA in 2000, Ms. Randolph spent 20 years at MetLife, where she had a series of increasingly larger IT management roles, most recently as the Director of Information Technology in the Corporate Investments Division. Ms. Randolph was recognized by the National Eagle Leadership Institute with an Eagle Award in 1997 for her outstanding leadership at work and in the community while at MetLife. Ms. Randolph is a trustee of Mercy College, a board member of the Women's Bond Club and a member of the executive board of the Westchester County Association. She holds a Bachelor of Science degree from Gannon University.

Clifford D. Corso is executive vice president and chief investment officer of MBIA Inc. and president of MBIA Asset Management. His responsibilities include oversight and direction of MBIA Inc. and its subsidiaries investments. He manages the company's fixed-income asset management platform, directs the investment of over $60 billion in fixed income assets under management and oversees the portfolios of MBIA Insurance Corp. and its affiliates. In addition, Mr. Corso's responsibilities include the direction of investments for outside clients such as pension funds, sovereign governments, state and local governments, and large institutional investors. Before joining MBIA in 1994, Mr. Corso was the co-head of fixed income at a subsidiary of Alliance Capital Management. Throughout his 20-year career, Mr. Corso has managed a wide array of fixed income products, including corporate, asset-backed, government, mortgage and derivative products. A graduate of Yale University, Mr. Corso has an MBA from Columbia University. He holds his Series 7, 24 and 63 licenses from the FINRA.

Willard I. Hill Jr. is a managing director and chief marketing and communications officer. In this role, Mr. Hill is responsible for the company's communications strategy and brand management. He oversees corporate marketing and communications, investor relations, government relations and the MBIA Foundation. Previously at MBIA, Mr. Hill was the chief compliance officer overseeing compliance, corporate governance, and business practices worldwide. From 2004-2005, he was in charge of Equity Investor Relations. When Mr. Hill joined MBIA in 2004, he brought over 25 years of broad-based experience in financial services ranging from finance and marketing to law and public policy. Prior to joining the company, Mr. Hill worked at ING US Financial Services as a senior vice president in charge of Global Pension Business Strategy and Federal Government Relations. Prior to that, he was president of the Government Markets Group. From 1980 to 2000, Mr. Hill was at Aetna, Inc., where he held positions of increasing responsibility, most recently as senior vice president of domestic emerging markets leading new business development. Previously at Aetna, he was vice president and Washington counsel for federal government relations, and counsel, head of the corporate/securities practice group. Mr. Hill began his legal career as a trial attorney with the Federal Government in Washington, DC. Mr. Hill received a BA in political science and sociology, cum laude, from Fisk University, a JD from Howard University and an MBA from the University of Connecticut. He is a member of the Bar in Connecticut, Pennsylvania, Washington, DC and New York. Mr. Hill holds NASD Series 7, 24, 63 and 66 designations.

Jim joined the MBIA in 2003. He has a BA degree from Central Michigan University. Jim is responsible for membership development and retention as well as exhibit sales for MBIA Boat Shows.

Mary has been with the MBIA since 1988. Mary concentrates on development of member services, educational programming, meeting planning, and the administration of the MBIA's Educational Foundation, Political Action Committee and special events.

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Donna has been with the MBIA since 1996. Donna manages the association's accounting department. Her responsibilities include, payroll, accounts receivable/payable, balancing the general ledger and producing financial statements and managing the boat show offices.

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RICHARD H. WALKER (55) Mr. Walker is the general counsel of Deutsche Bank, where he oversees the Legal and Compliance departments worldwide. Before joining Deutsche Bank in 2001, Mr. Walker was director of the Division of Enforcement for the Securities and Exchange Commission (SEC). Preceding his appointment to that position, he served as general counsel and northeast regional director since joining the SEC in 1991. Prior to the SEC, Mr. Walker spent 15 years in the New York office of Cadwalader, Wickersham & Taft, where he was a litigation partner specializing in corporate, securities and commercial litigation.

Mr. Vaughan was elected to the Board of Directors in August 2007. He served as Executive Vice President and Chief Financial Officer of Lincoln Financial Group from 1995 until his retirement in May 2005. He joined Lincoln in July 1990 as Senior Vice President and Chief Financial Officer of Lincoln National s Employee Benefits Division. In June 1992, he was appointed Chief Financial Officer for the corporation. He was promoted to Executive Vice President in January 1995. He was previously employed with EQUICOR from September 1988 to July 1990, where he served as a Vice President in charge of public offerings and insurance accounting. Prior to that, Mr. Vaughan was a Partner at KPMG Peat Marwick in St. Louis, from July 1980 to September 1988. Mr. Vaughan is a member of the Board of Directors of DaVita Inc. Age 59.

Claire Guadiani is an expert on the history and economics of American philanthropy. She is clinical professor at New York University, where she directs the graduate program in philanthropic studies. She recently wrote The Greater Good (Henry Holt/New York Times Books). This widely-cited book argues that Americans are not generous because we are rich, but rich because we are generous. She is also the author of Generosity Rules!, a handbook for personal generosity, and five additional books on scholarly and management topics. Guadiani served for 13 years as President of Connecticut College, and was previously a professor at the University of Pennsylvania and Purdue University. She is a Fellow of the American Academy of Arts and Sciences, a director of The Henry Luce Foundation, MBIA Inc. and The National Council for Economic Education. She is a trustee of Worcester Polytechnic Institute. She is the recipient of ten honorary doctorates and of the Rosso Medal for distinguished service to philanthropy from the Indiana University Center on Philanthropy. Guadiani holds a Ph.D. in French literature from Indiana University. She and her husband of forty years, David Burnett, have two children and two grandchildren.

Born 1960 Jeffery W. Yabuki, President and Chief Executive Officer of Fiserv, Inc. With more than 20 years in the financial services industry, Mr. Yabuki joined Fiserv and its Board of Directors in 2005.

Dr. Laurence H. Meyer is Vice Chairman of Macroeconomic Advisers, LLC, the company he co-founded with Joel Prakken and Chris Varvares as Laurence H. Meyer & Associates in 1982. The firm became Macroeconomic Advisers in June of 1996 when Dr. Meyer joined the Board of Governors of the Federal Reserve System. Dr. Meyer served as a member of the Board of Governors of the Federal Reserve from June 20, 1996 until January 31, 2002 and re-joined MA in June of 2002. During his tenure at the Board, he was widely recognized as an influential member of the Federal Open Market Committee and built a reputation for independent thinking and straight talk about monetary policy. Fed Chairman Alan Greenspan said, "Larry Meyer has made an important contribution to the Board's monetary policy. His thoughtful insights into technical issues and his technical expertise have materially enhanced the deliberations of the Board and the Federal Open Market Committee. His influence will carry on beyond his tenure as a Board member." Dr. Meyer was chairman of the Committee on Supervisory and Regulatory Affairs, overseeing the Board's regulatory implementation of Gramm-Leach-Bliley Act and its participation in negotiations toward a new international capital accord. He also represented the Federal Reserve Board in several international forums, including the Financial Stability Forum, the Economic Policy Committee of the OECD, and APEC. He was responsible for monitoring developments in the Asia Pacific region and participated in U.S. bilateral dialogues with the central banks and finance ministries of Japan, China, and India. Dr. Meyer is also distinguished visiting scholar at the Center for Strategic and International Studies in Washington, DC. Dr. Meyer, recognized as one of the nation's leading economic forecasters, was born on in the Bronx, New York, in 1944. He received a B.A. (magna cum laude) from Yale University in 1965 and a Ph.D. from Massachusetts Institute of Technology in 1970. He was also a professor of economics and former chairman of the economics department at Washington University.