BIOGRAPHY OF STEVE FORBES PRESIDENT AND CHIEF EXECUTIVE OFFICER OF FORBES；EDITOR—IN—CHIEF OF FORBES MAGAZINE

　　Steve Forbes is President and Chief Executive Officer of Forbes and Editor—in—Chief of Forbes magazine.

　　Mr.Forbes assumed his position in 1990. Since that time，Forbes has expanded，launching a variety of new publications and businessses. They include：Forbes FYI，the irreverent lifestyle supplement；Forbes ASAP featuring Best of The Web，the technology publication for management decision—makers；Forbes Global，the magazine's international publication，introduced in 1998；a Japanese—language edition of Forbes；Forbes Brasil，a Portugueselanguage edition serving Latin America's largest economy；and the Gilder Technology Report.

　　In 1997 Forbes entered the new media arena with the launch of Forbes.com. Now receiving an average of four million visits a month，it has become a leading destination site for business decision—makers and investors.

　　Other company divisions include：Forbes Management Conference Group；and Forbes Custom Communications Partners.

　　Mr.Forbes is also Chairman of the company's American Heritage division，publisher of American Heritage magazine and two quarterlies，American Legacy and American Heritage of Invention＆Technology.

　　The company's flagship publication，Forbes，is the nation's leading business magazine，with a circulation of 900，000.Forbes and Forbes Global together reach a worldwide audience of nearly five million readers.

　　Mr.Forbes writes editorials for each issue of Forbes，under the heading of“Fact and Comment.”A widely respected economic prognosticator，he is the only writer to have won the highly prestigious Crystal Owl Award four times.The prize was formerly given by USX Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

　　In both 1996 and 2000，Mr.Forbes campaigned vigorously for the Republican nomination for the Presidency.Key to his platform were a flat tax，medical savings accounts，a new Social Security system for working Americans，parental choice of schools for their children，term limits and a strong national defense.Mr.Forbes will continue to energetically promote this agenda.