Speech

A Luncheon Program featuring Paul Schott Stevens President Investment Company Institute   The Investment Company Institute (www.ici.org) is the national association of U.S. mutual funds. The U.S. mutual fund industry manages some $8.1 trillion in assets on behalf of 92 million shareholders. Mr. Stevens, a New Orleans native and graduate of Jesuit High School, is a leading voice in economic and regulatory policy discussions in Washington. Friday, February 25, 2005 12:00 Noon (11:30 a.m. networking reception) Plimsoll Club, 30th Floor, WTC (Free validated parking in the WTC Garage)

Mr. Stevens will discuss the critical demographic, financial and political considerations confronting American policymakers as they undertake a potentially historic debate in the future of Social Security. The topic is especially timely as President Bush has put Social Security reform at the top of the nation’s domestic agenda, leading to a national debate on the country’s retirement system. The U.S. is not alone in the challenge of providing a secure retirement system for its aging population. Developed nations throughout the world from Japan to Chile, and across Europe also face this issue.

Paul Schott Stevens was named President of the Investment Company Institute (ICI) in June 2004. From 1993-97, he was General Counsel of the ICI. Previously, Mr. Stevens was a partner in the Financial Services Group of Dechert LLP, an international law firm. He also was chief counsel for Charles Schwab & Co.'s mutual funds and international enterprise. Mr. Stevens has served in various positions at the White House, including Special Assistant for National Security Affairs to President Reagan, and Executive Secretary of the National Security Council under Colin Powell. At the Pentagon in 1989, he was Executive Assistant to Defense Secretary Richard Cheney. Upon leaving government service, he was awarded the Department of Defense Medal for Distinguished Public Service, DOD's highest civilian decoration. A Scholar of the House at Yale University, he received his B.A., magna cum laude, in 1974, and his J.D. from the University of Virginia in 1978.