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Duke University Finance Expert, Business School Dean, To Visit Asia

May 10, 2004

DURHAM, N.C. - Douglas T. Breeden, an internationally recognized finance expert and the dean of Duke University's Fuqua School of Business, will be visiting Asia May 12-24 with stops in Japan, Korea and China. In addition to hosting seminars and receptions with Duke and Fuqua alumni who now live in these locations, he will make corporate and educational contacts that will include a discussion of the value of an MBA education. During his visit, Breeden will participate in a CEO Forum in Seoul and host the 4th Annual Duke MBA International Retreat in Hong Kong. During those events he will offer informed observations about global economies and financial markets, including advanced and developing Asian economies. He will provide statistical data that reviews performances of economies and markets around the globe and will offer commentary about economists' outlooks for the remainder of 2004.

Duke University attracts and enrolls high-quality students from Japan, Korea and China. Fuqua provides top-ranked programs through the Daytime program on its Durham , North Carolina , campus and its Executive MBA program that uses distance-learning technologies and intensive residencies to enable foreign executives to study at Fuqua and earn an MBA while continuing to live and work in their native lands. Currently enrolled at Duke are 55 undergraduate and 494 graduate/professional school students from these countries, as well as 1,085 Duke alumni living there.

Breeden, who is the William W. Priest Professor of Finance at Fuqua, is one of the foremost finance professors in the U.S. He is also the chairman and co-founder of Smith Breeden Associates, a money management firm that manages and advises assets of approximately $27 billion.

Breeden holds a Ph.D. in finance from Stanford University and a B.S. in management science from the Massachusetts Institute of Technology (M.I.T.). From 1985 to 1991, Breeden was a tenured member of Fuqua's faculty. He continued to teach at Fuqua from 1991 to 1999 as a research professor while concentrating on leading Smith Breeden Associates. He has also served on business school faculties at the University of Chicago and Stanford University and as the Dalton McMichael professor of finance at the University of North Carolina as well as visiting professor at Yale and M.I.T. In 1987 and again in 1989-1992 he participated in executive teaching as the lead professor in the Portfolio Management program at the Nomura School of Advanced Management in Tokyo. He is the founding editor of the Journal of Fixed Income, was associate editor for five journals in financial economics and was elected to the board of directors of the American Finance Association.

Duke University is one of the world's preeminent research and teaching universities. Duke consistently ranks among the top schools in the annual survey of America 's Best Colleges & Universities by U.S. News & World Report. Breeden is the chairman of Duke Corporate Education, which is ranked No. 1 in the world by both the Financial Times and Business Week for its customized executive education. More information about Duke University is available at www.duke.edu.

The Fuqua School of Business at Duke University is a leader in MBA programs and executive education, and draws students from around the world, including India. Fuqua offers its MBA degree in four flexible formats. Fuqua has earned top 10 national and international rankings from Business Week, Financial Times, U.S. News & World Report and the Economist Intelligence Unit. For more information about Fuqua, go to www.fuqua.duke.edu.