July 8, 1993
TO: BOARD OF GOVERNORS NO. 61-93
RE: Appointment of Institute General Counsel
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I am pleased to inform you that the Institute has appointed Paul S. Stevens
as General Counsel. Mr. Stevens currently is a partner in the Washington, D.C.
office of the law firm of Dickstein, Shapiro & Morin. Since 1978, he has
practiced law in the areas of the regulation of mutual funds and other financial
institutions, international trade and investments, and government contracts. He
also has served in a variety of senior government positions, including as
Executive Secretary and Legal Adviser of the National Security Council and
Special Assistant to the President for National Security Affairs. Mr. Stevens
is a graduate of Yale University and the University of Virginia School of Law.
He will join the Institute's staff in September. Reporting to Mr. Stevens will
be Catherine L. Heron, Vice President - Tax & Pension, and Craig S. Tyle, Vice
President - Securities.
Matthew P. Fink
President