May 2005

May 25, 2005
“Economic Realities & Market Conundrums: An Executive’s Perspective”

Conference Program

8:.m. Registration & Breakfast
8:.m. Words of Welcome H. Fenwick Huss
J. Mack Robinson College of Business
8:.m. Energy Company Valuations: It’s All in There! »
Mr. O’Brien will discuss the impact of higher energy prices, utility regulation, the change in the tax rate applied to dividends and interest rates on the equity market valuations of gas distribution companies.
Executive Vice President and Chief Financial Officer
AGL Resources
8:.m. Dollar Valuation and Today’s Global Market Opportunities »
Mr. Darnell will describe the current risks to the dollar, it’s impact on US asset valuations, and on a general level, global opportunities.
Max Darnell
Partner, Chief Investment Officer
First Quadrant
9:.m. Venture Capital: Myths and Realities »
Mr. Easterly will review the current status of the national and regional private capital community. In addition, he wll provide insight into how the community works with perceptions of realities and myths.
Mike Easterly
Chairman, Chief Executive Office
Legacy Securities
9:.m. Rising Interest Rates: The End of the Housing Ride? »
Mr. Aiken will discuss why the housing sales will remain strong despite rising rates, rather than turn negative as many expect
D.C. Aiken
Senior Vice President
10:.m. Q&A and Moderator Comments Chris Lemley
Instructor: Department of Marketing
J. Mack Robinson College of Business
10:.m. Refreshments break
10:.m. Forecast of the Nation, State and Region Rajeev Dhawan
Economic Forecasting Center
J. Mack Robinson College of Business
Georgia State University
11:.m. Q & A Conclusion
11:.m. Light lunch & Networking

Cancellation Policy

To cancel your registration and be eligible for a refund, call the Economic Forecasting Center at 404. A stop payment of a check does not constitute a formal cancellation. Registrants who do not attend the conference and have not cancelled the conference are liable for the entire registration fee but will be mailed conference materials.

Substitution Policy

If an annual subscriber cannot attend the conference, another person from the same company can substitute in the subscriber’s place.

Industry Speakers

Ronald Henry
Georgia State University
Ronald J. Henry has been in his current position as Provost and Vice President for Academic Affairs at Georgia State University since July 1994.

Dr. Henry is involved extensively in state and national education policy and action committees, including University System of Georgia, state and local P-16, NASULGC Chief Academic Officers, Committee on Undergraduate Science Education of the National Research Council, NCATE Appeals Board, and SREB National Leadership Council.

Professor Henry is the principal investigator for the Quality in Undergraduate Education project funded by The Pew Charitable Trusts and the ExxonMobil Foundation.  He is also the principal investigator on a Standards-based Teacher Education Project funded by CBE, AACTE and by a Title II grant for the University System of Georgia.
Henry holds a Ph.D. degree in applied mathematics from Queens University of Belfast, North Ireland.

Dick O’Brien
Executive Vice President and Chief Financial Officer
AGL Resources
Richard T. O’Brien was named executive vice president and chief financial officer of AGL Resources in May 2001, where he directs finance, strategy and accounting and financial reporting activities, as well as investor relations and information technology. He is also the chief executive officer of Sequent Energy, the company’s wholesale marketing and asset optimization arm.

O’Brien joined AGL Resources in May of senior level financial and operational experience in the energy, power, and electric utility businesses. Previously, O’Brien joined Mirant in earlyand president of Mirant Capital Management. Prior to that, O’Brien worked at PacifiCorp for , where he held several key executive positions.

O’Brien received his BA in economics from the University of Chicago and holds a JSD from the Northwestern School of Law at Lewis and Clark College.

Max Darnell
Partner, Chief Investment Officer
First Quadrant, L.P.
Max Darnell is the Chief Investment Officer and Director of Research at First Quadrant, L.P. Mr. Darnell joined First Quadrant in 1991, after earning an M.S. in Economics from the UCLA. At First Quadrant, he oversaw derivatives research until 2000, when he assumed the role of Director of Research, overseeing both equities and derivative products. In January 2003, he was promoted to Chief Investment Officer.

First Quadrant is an investment manager that specializes in managing portfolios for large corporate and public institutional investors, and manages over in actively and passively managed assets and overlays invested using its own proprietary investment strategies. These strategies are quantitative, relying upon objective analysis of market conditions and asset value rather than subjective inferences about future trends to form the basis for its investment decisions.

Mike Easterly
Chairman and Chief Executive Officer
Legacy Securities Corp. and Legacy Investment Group, Inc
Mike is a 30-year veteran of the investment banking business and co-founder and organizer of the Legacy companies. He is Chairman and CEO of Legacy Securities Corp. and Legacy Investment Group, Chief Manager of Legacy Lodging II and a Principal of Legacy Capital Partners. Mike is also a Director of Internet Pictures Corp. (NASDAQ:IPIX) and a Trustee of the Wellington Group. Previously, Mike was Head of Investment and Merchant Banking at Morgan Keegan and has held Partner or Managing Director positions with Prudential Securities, Thomson McKinnon, William Blair, and Robinson-Humphrey, among others.

Mike has held numerous leadership positions in many community organizations, including the Assoc. for Corporate Growth, the Georgia Chamber of Commerce, GSU Alumni Assoc., the Georgia Economic Development Assoc. and the Red Carpet and Green Carpet Tours of Georgia. Currently, Mike is Chairman of the Board of Trustees of the GSU Foundation.

D.C. Aiken
Senior Vice President of Economic Forecasting, Pricing and Products
HomeBanc Mortgage Corporation
D.C. Aiken has served as Senior Vice President of Economic Forecasting, Pricing and Products at HomeBanc Mortgage Corporation since 1994. He is responsible for forecasting origination volume based on economic outlook and sales capacity and for the generation and pricing of new mortgage products to the sales force.

Aiken was ranked number #Homebanc from#the State of Georgia by the Mortgage Bankers Association for1999. He was also ranked among the topby Mortgage Originator Magazine from2002. Aiken graduated with a B.A. in Economics from the College of William and Mary.