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Duke University Finance Expert, Business School Dean, to Visit Russia

September 27, 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 Russia October 5-10 with stops in Moscow and St. Petersburg. In addition to hosting seminars and receptions with Duke and Fuqua alumni who now live in these locations, he will make corporate and academic contacts and discuss the value of an MBA education. He will also participate in a corporate seminar on the topic of "Global Economies and Financial Markets: Review and Outlook" in which 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 and also for 2005.

Duke University attracts and enrolls students from around the world. Fuqua provides top-ranked programs throught 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 there are 15 Russian MBA students and one Russian Ph.D. student enrolled at Fuqua and a total of 38 Russian alumni.

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 $20 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.). He has 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. 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 Russia . Fuqua offers its MBA degree in four flexible formats. In the past few years, Fuqua has earned top 10 and top 5 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.