BOARD OF DIRECTORS

Adam Aron Chairman and CEO World Leisure Partners, Inc. Miami, FL Harris Barton Managing Member HRJ Capital Woodside, Calif. Howard Berkowitz Founder and Managing Partner Blackrock HPB New York, N.Y. Robert Bourne Vice Chairman CNL Financial Inc. Orlando, FL Michael J. Egan CEO Steadman Hawkins Research Foundation Vail, CO Julie Esrey Vail, Colo. Jack Ferguson Founder and President Jack Ferguson Associates Washington, D.C. George Gillett Chairman Booth Creek Management Corporation Vail, Colo. Earl G. Graves Publisher and Chief Executive Officer Black Enterprise Magazine Scarsdale, N.Y. Ted Hartley Chairman and Chief Executive Officer RKO Pictures, Inc. Los Angeles, Calif. H. Mike Immel Executive Director (retired) Alabama Sports Medicine and Orthopaedic Center Lafayette, La. The Honorable Jack Kemp Director and Co-Founder Empower America Washington, D.C. Arch J. McGill President (emeritus) AIS American Bell Scottsdale, Ariz. John G. McMillian Chairman and Chief Executive Officer (retired) Allegheny & Western Energy Corporation Coral Gables, Fla. Betsy Nagelsen - McCormack Professional Tennis Player Windermere, Fla. Cynthia L. Nelson Cindy Nelson LTD Vail, Colo. Mary K. Noyes Director of Special Services Aircast, Inc. Freeport, Me. Al Perkins Chairman Darwin Partners Wakefield, Mass. Dr. Marc Philippon Steadman Hawkins Clinic Steadman Hawkins Research Foundation Vail, CO Cynthia S. Piper Trustee Hazelden Foundation Center City, MN Steven Read Co-Chairman Read Investment Orinda, Calif. Damaris Skouras Managing Director for UBS AG Morgan Stanley, Inc. New York, N.Y. Gay L. Steadman SteadmanHawkins Clinic SteadmanHawkins Research Foundation Vail, Colo. J. Richard Steadman SteadmanHawkins Clinic SteadmanHawkins Research Foundation Vail, Colo. William I. Sterett, M.D. SteadmanHawkins Clinic SteadmanHawkins Research Foundation Vail, Colo. Stewart Turley Chairman and Chief Executive Officer (retired) Jack Eckerd Drugs Bellaire, Fla. Norm Waite Vice President Booth Creek Management Corporation Vail, Colo. H.M. King Juan Carlos I of Spain Honorary Trustee