Haldeman, Fry Named to Delaware Funds' Board; Stork and Peck Retire

Business Wire, Jan 16, 2001

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--Jan. 16, 2001

The Board of Trustees of the Delaware Investments Family of Funds has named Charles E. Haldeman, Jr. and John A. Fry as board members, replacing the retiring Wayne A. Stork and Charles E. "Ted" Peck, effective this month.

Haldeman also has been named chairman of the board.

Haldeman joins the board a year after being appointed chief executive officer of Delaware Investments. For the previous two years he was president and chief operating officer of Boston-based United Asset Management. From 1974 to 1998, he worked at Cooke & Bieler, Inc., a Philadelphia investment management firm, rising to the position of partner and director.

Haldeman, a Haverford resident, is a graduate of Dartmouth College and was awarded both an MBA and a law degree from Harvard University. He is a member of the board of the Investment Company Institute.

He has served as a trustee and Chairman of the Board of Abington Memorial Hospital and has served as a trustee of The Episcopal Academy and The Baldwin School. At various times he has served as a governor, president and chairman of the Investment Counsel Association of America and is a Chartered Financial Analyst.

John A. Fry is executive vice president of the University of Pennsylvania, serving as the institution's chief operating officer. He also is president and chief executive officer of P2B (Penn to Business), a University subsidiary that will fund and incubate new business ventures created by faculty and students.

Earlier in his career, he was at Coopers & Lybrand from 1991 to 1995, rising to the position of partner-in-charge for national higher education consulting. From 1984 to 1991 he was at KPMG Peat Marwick.

A Haverford resident, Fry is a graduate of Lafayette College and received an MBA from the New York University Stern School of Business. He is a candidate for a doctoral degree in the history of American higher education at the University of Pennsylvania.

He serves on the boards of a number of organizations, including Lafayette College, the Greater Philadelphia Chamber of Commerce, the Pennsylvania Academy of Fine Arts, the Morris Arboretum and Sovereign Bancorp.

The Haldeman and Fry appointments as trustees do not apply to the following funds within the Delaware Investments Family of Funds: Voyageur Funds, Voyageur Insured Funds, Voyageur Intermediate Tax Free Funds, Voyageur Investment Trust, Voyageur Mutual Funds, Voyageur Mutual Funds II, Voyageur Mutual Funds III and Voyageur Tax Free Funds.

Delaware Investments is a diversified asset management organization. As of December 31, 2000, Delaware and its affiliates, including Lincoln Investment Management, Inc., had more than $82 billion in assets under management.

Delaware Investments provides investment products and services to individual investors through a broad line of mutual funds, retirement plan services and other investment products; and to institutional investors, primarily private and public pension funds, foundations, endowment funds, banks and insurance companies.