Education:

         BSBA  Babson College  -  May 1971
           (Magna Cum Laude)


  Experience:

         Owner, Michael T. Studer CPA  P.C. (July 1987
           to present) - supervised public accounting practice,
           including compilation, review, and audit engagements
           (for both publicly owned and privately held companies)
           and tax return preparation services (for corporations,
           partnerships, individuals, estates and trusts).

         Partner, Fisher & Studer P.C. (August 1982 to
           June 1987) - served as partner of this public
           accounting firm.

         Proprietor, Michael T. Studer CPA (April 1978 to
           August 1982) - served as proprietor of this public
           accounting firm.

         Senior accountant, Haskins & Sells, now
           Deloitte & Touche (June 1971 to March 1978) -
           served as accountant and senior accountant on
           the audit staff of this then "Big 8" public
           accounting firm.  Worked on audit engagements
           of numerous organizations, including Merrill Lynch,
           Travelers Aid Society, New York Times, New
           York University, Dormitory Authority of the State
           of New York, Emhart Corporation, and Ogden
           Corporation.