The Political Forum provides research and consulting services to the institutional investment community. We specialize in analyzing economic, social, political, and geopolitical events with the purpose of identifying domestic and global trends that are likely to have an impact on the financial markets in the United States and abroad. We also monitor and comment on significant sector-specific legislative and regulatory initiatives. Our principal product is a weekly newsletter that is e-mailed to clients on Monday morning, and made available on our web site at www.thepoliticalforum.com. We are also available for conference calls with clients.

Mark Melcher is the President of The Political Forum. He has followed global and domestic social and political trends from Washington for the financial community since 1973, when he joined The Washington Forum, a subsidiary of Drexel Burnham Lambert. He left Drexel in July 1983 to open a Washington research office for Prudential Securities.

Mr. Melcher ran Prudential Securities' Washington Research Office for 17 years, leaving in October 2000. During that time, his office won first place in the Washington Research category of Institutional Investor magazine's annual All-American Research Team in each of the eight years that the category was in existence. Shortly alter leaving Prudential, Mark joined the Washington Research office of Lehman Brothers on a part-time basis. He left there in April 2002 to found The Political Forum.

Steve Soukup is Senior Editor at The Political Forum. He has followed politics and federal regulatory policy for the financial community since coming to Washington in 1996, when he joined Mr. Melcher at Prudential Securities. He left Prudential with Mr. Melcher to join Lehman Brothers, staying there for two years before leaving early in 2003 to become a partner at the The Political Forum.

While at Lehman, Mr. Soukup authored macro-political commentary and followed policy developments in the Natural Resources sector group, focusing on agriculture and energy policy. He also headed Lehman's industry-leading analysis of asbestos litigation reform efforts. Mr. Soukup holds an M.A. in American Government and Public Administration and a professional certification in policy analysis and program evaluation.