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Millennium Fund. This document is not intended or written to be used, and cannot be used, by any Investor for the purpose of avoiding penalties that the Internal Revenue Service might seek to impose on such Investor. Each Investor should seek advice based upon such Investor's circumstances from an independent tax adviser. L
Lorne graduated cum laude with an A.B. from Occidental College and received his J.D., magna cum laude, from the University of Michigan Law School. David Nolan Vice Chairman - Chief Risk Offker Joined in 2001 Mr. Nolan is Millennium's Co•President and Chief Risk Officer. Mr. Nolan is responsible for Mille
received his J.D., magna cum laude, from the University of Michigan Law School. David Nolan Vice Chairman - Chief Risk Offker Joined in 2001 Mr. Nolan is Millennium's Co•President and Chief Risk Officer. Mr. Nolan is responsible for Millennium's risk management function which monitors Millennium's
the income taxation of Millennium USA and its Partners which should be considered by a Limited Partner. Millennium USA has not sought a ruling from the Internal Revenue Service (the "Service") or any other federal, state or local agency with respect to any of the tax issues affecting Millennium USA, nor has it obtained an
Valuation Committee of the General Partner. • David Nolan, 63 (joined in 2001), is the General Partner's Co-President and Chief Risk Officer. Mr. Nolan is responsible for the Master Partnership's risk management function, which monitors the Master Partnership's overall portfolio and risk exposure.
(the Chairman and Chief Executive Officer of the General Partner), Terry Feeney (Co-President and Chief Operating Officer of the General Partner), David Nolan (Co-President and Chief Risk Officer of the General Partner), Michael Gelband (Senior Managing Director and the Global Head of Fixed Income of the
the income taxation of Millennium USA and its Partners which should be considered by a Limited Partner. Millennium USA has not sought a ruling from the Internal Revenue Service (the "Service") or any other federal, state or local agency with respect to any of the tax issues affecting Millennium USA, nor has it obtained an
(the Chairman and Chief Executive Officer of the General Partner), Terry Feeney (Co-President and Chief Operating Officer of the General Partner), David Nolan (Co-President and Chief Risk Officer of the General Partner), Michael Gelband (Senior Managing Director and the Global Head of Fixed Income of the
Valuation Committee of the General Partner. • David Nolan, 63 (joined in 2001), is the General Partner's Co-President and Chief Risk Officer. Mr. Nolan is responsible for the Master Partnership's risk management function, which monitors the Master Partnership's overall portfolio and risk exposure.
Entities connected to both the Internal Revenue Service and David Nolan

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