Miami, Florida 33131.-Suite 1114, DuPont Plaza Center, 300 Biscayne Boulevard Way.

Philadelphia, Pennsylvania 19106.-Federal Building, Room 2204, 600 Arch Street.

Salt Lake City, Utah 84111.—Suite 810, Boston Bldg., Nine Exchange Place.

San Francisco, California 94102.-450 Golden Gate Ave., Box 36042.

Biographies of Commissioners

John S.R. Shad, Chairman

Vice President Bush swore in John Shad as the 22nd Chairman of the SEC on May 6, 1981. His term expires in 1986.

He was previously Vice Chairman of the E.F. Hutton Group, which he helped build into a major managing underwriter of corporate financings. He has also personally assisted scores of corporations in consummating billions of dollars of financings and mergers; served as a director of 17 domestic and multinational publicly-owned corporations; taught investment banking at the New York University Graduate School of Business Administration; written articles published in leading legal and business reviews; and addressed numerous legal, accounting, business and academic forums.

He resigned from the E.F. Hutton Group and the boards of directors of six other New York Stock Exchange listed corporations to accept the Chairmanship of the Commission.

He was born in Utah in 1923; served in the Pacific and China as a naval officer during World War II; graduated cum laude from the University of Southern California in 1947, the Harvard Business School in 1949 (M.B.A.) and New York University Law School in 1959 (LL.B.). He is a member of Beta Gamma Sigma and Phi Kappa Phi.

He received the Investment Banker of the Year Award (1972) from Finance Magazine; the Brotherhood Award (1981) from the National Conference of Christians and Jews; the Distinguished Leadership Award (1982) from the Girls' Club of New York; the Distinguished Service Award (1983) from the National Association of Investment Clubs; and the Distinguished Alumni Award (1983) from the University of Southern California.

John R. Evans

John R. Evans was sworn in as a member of the Commission on March 3, 1973, and retired from the Commission on December 2, 1983. He was a member of the Professional Staff of the U.S. Senate Committee on Banking, Housing and Urban Affairs from June 1971 to March 1973, and served as minority staff director from July 1964 to June 1971.

Mr. Evans was born in Arizona in 1932. He received his B.S. degree in Economics in 1957 and his M.S. degree in Economics and his Secondary Teaching Certificate in Business in 1959 from the University of Utah.

Mr. Evans came to Washington in February 1963 as Economics Assistant to Senator Wallace F. Bennett of Utah. Prior to that he had been a Research Assistant and later Research Analyst at the Bureau of Economics and Business Research at the University of Utah, where he was also an Instructor of Economics during 1962 and 1963.

Barbara S. Thomas

Barbara S. Thomas was sworn in as the 59th member of the Commission in a White House ceremony on October 21, 1980. She retired from the Commission on November 11, 1983.

A corporate and securities lawyer, Ms. Thomas became a partner of Kaye, Scholar, Fierman, Hays & Handler, a New York law firm, in January 1978. She had been an associate of the firm since 1973 and an associate of the Paul, Weiss, Rifkind, Wharton & Garrison firm, also of New York, from September 1969 to April 1973.

Ms. Thomas has written extensively on the subjects of securities regulation and corporate law, and has a special interest in issues relating to the internationalization of the world's capital markets, corporate finance, and accounting matters.

Ms. Thomas is the recipient of the 1982 Award for Outstanding Service in Government presented by The Financial Marketing Council of Greater Washington. In addition, she was named the 1981 Outstanding Young Woman of America for Washington, D.C. She has also been named one of WETA's Women of the Year for 1983.

Ms. Thomas is a member of the Securities Regulation Committee of the New York State Bar Association, the Committee on Federal Regulation of Securities and the Ad Hoc Task Force on the International Aspects of United States Law of the American Bar Association, and the International Bar Association. In addition, prior to joining the Commission, Ms. Thomas was Chairman of the Corporation Law Committee of the Association of the Bar of the City of New York.

Ms. Thomas is also a member of the Council on Foreign Relations, the Board of Overseers of the Wharton School of Finance at the University of Pennsylvania, the University of Pennsylvania Alumni Council on Admissions, the Economic Club of New York, the Advisory Committee of the Women's Economic Roundtable, and the Financial Women's Association of New York. She also serves as a Trustee for the University of Pennsylvania Alumni Association of New York City.

Ms. Thomas was born in New York City on December 28, 1946. She is a graduate of New York University School of Law, J.D. 1969, cum laude, where she placed second in a class of 323, was a member of the Order of the Coif, and was an editor of the New York University Law Review. A John Norton Pomeroy Scholar, she received the Jefferson Davis Prize in Public Law and American Jurisprudence Prizes for Excellence in 15 (out of 28) subjects, and was on the Dean's List every semester. In 1966, she earned a B.A., cum laude, in history from the University of Pennsylvania.

Bevis Longstreth

Bevis Longstreth was sworn in as the 60th member of the Securities and Exchange Commission on July 29, 1981. His current term expires on June 5, 1984.

From 1962 until July 1981, Mr. Longstreth practiced law with the New York law firm of Debevoise & Plimpton. He was admitted to partnership in that firm in 1970 and specialized in corporate securities and real estate finance law, bankruptcy and

business work-outs and not-for-profit corporations law.

Mr. Longstreth was a Lecturer at Columbia Law School from 1975 until his appointment to the Commission, teaching a seminar on the corporation in modern society. He has also lectured on various securities and corporate law topics for the Practising Law Institute and at other seminars and has written numerous articles on business-related subjects. Mr. Longstreth has served on the boards of a number of charitable and educational organizations active in the New York area. Mr. Longstreth was born in New York City in 1934 and grew up in Princeton, New Jersey. He graduated from Princeton University in 1956 (B.S.E.) and from Harvard Law School in 1961 (LL.B.). From 1956 to 1958 he served in the U.S. Marine Corps.

James C. Treadway, Jr.

James C. Treadway, Jr., was sworn in as the 61st member of the Securities and Exchange Commission on September 13, 1982. His five year term expires June 5, 1987.

At the time of his appointment, Mr. Treadway, 39, was a partner with the Washington and New York law firm of Dickstein, Shapiro & Morin, where he had been a partner since October 1, 1972. During the preceding 15 years before his appointment, he was engaged in a broad securities and corporate finance practice, representing corporate issuers, officers and directors. In addition, he has represented a U.S. and a foreign securities exchange, investment banking firms and investment companies. He is the author of various articles on the Federal securities laws.

Mr. Treadway, a native of Anderson, S.C., was formerly an associate with the Washington and Boston law firm of Gadsby & Hannah from 1968 to 1972 and prior to that, he was an associate of the Atlanta law firm of Candler, Cox, McClain & Andrews from 1967 to 1968. Mr. Treadway received his undergraduate education from Rollins College and the University of Georgia where he graduated in 1964 with an A.B. degree. He received his LL.B. degree, summa cum laude, in 1967 from Washington & Lee University where he was Editor-in-Chief of the Washington & Lee University Law Review. He was a member of Phi Beta Kappa, Order of the Coif and Omicron Delta Kappa.