Calvert Selected as Finalist for Harvard Business School Club Entrepreneur's Award; Conference Set for February 9 in New York

Business Wire, Feb 5, 2001

Business Editors

BETHESDA, Md.--(BUSINESS WIRE)--Feb. 5, 2001

Calvert, the nation's largest family of socially responsible mutual funds, has been named as a Finalist for the third annual Harvard Business School (HBS) Club of New York America's Entrepreneur Award.

The award will be presented at a conference and dinner to be held February 9, 2001 at the Sheraton Hotel and Towers in New York City.

The HBS Club's conference recognizes the companies and individuals who have demonstrated the resourcefulness and creativity that are the hallmarks of entrepreneurship. Barbara Krumsiek will represent Calvert among nine other Finalists who were chosen from nominations submitted to the Harvard Business School Club. (Nominees do not have to be HBS alumni.) The selection committee looked for entrepreneurs who had succeeded in spite of obstacles or limited resources, and evaluated both qualitative and quantitative factors

"Calvert is honored to be a finalist for the Harvard Business School Club America's Entrepreneur Award," said Barbara Krumsiek, President & CEO. "We are especially proud to be acknowledged for our success in propelling socially responsible investing into the mainstream," she added.

"We've seen a tremendous number of HBS graduates going into entrepreneurial ventures," says Harvard Business School Club President Ron Gerber, HBS '86, Club President and Conference Co-Chair. "In fact, HBS now has a first year course on entrepreneurial management that replaces the general management course. On average, every second year student takes two out of nine courses in entrepreneurial management and entrepreneurial finance. Our Club members will be very interested in what our Finalists have to say."

The conference features exhibits by the ten Finalists, workshops on entrepreneurship conducted by HBS professors and an awards dinner where the overall winner is announced.

Best known for its family of socially responsible mutual funds, Calvert offers a full line of funds, including award-winning tax-advantaged investment products, that allows individual and institutional investors to pursue a broad range of investment objectives within a single fund family. Calvert Group, Ltd. has quickly evolved from a single-fund management company in 1976 to become one of the Washington D.C. area's largest mutual fund management firms with approximately $6.7 billion in assets under management for over 200,000 investors. Most recently, Calvert launched the Calvert Social Index(TM), the most transparently constructed benchmark in the marketplace for measuring the performance of large, U.S.-based socially responsible companies.

The Harvard Business School Club of Greater New York (HBSC/NY) is the association of the more than 10,000 HBS alumni in the tri-state area. HBSC/NY seeks to further the professional development of its members, affiliates and guests through offering programs, services and opportunities that address the major business trends in New York, the U.S. and the world. For more information on HBS, contact Kate Workman at 212/947-5544 or via e-mail at admin@hbscny.org

For more complete information, including charges and expenses on Calvert mutual funds, call your financial advisor for a free prospectus or call Calvert at 800/368-2748. Read the prospectus carefully before you invest.

Calvert mutual funds are underwritten and distributed by Calvert Distributors, Inc., member NASD, as subsidiary of Calvert Group, Ltd. No. 3340 (2/01)