NORTH AMERICA RISK MANAGEMENT SERVICES, INC.

"Managing Risk and Profit With

Technology and Expertise"

                                                          BOB PRICE

                                                CAREER PORTFOLIO

           1999-Present            PRESIDENT, NORTH AMERICA RISK

                                           MANAGEMENT SERVICES, INC.

                                           (NARMSinc)

                                           Bob developed NARMSinc to apply 25 years of experience

                                           and experience in markets and information technology to

                                           individualized risk and profit management programs for

                                           clients.  NARMSinc is a Guaranteed Introducing Broker at 

                                           Refco, LLC.                                                

            1986-1999                ASSISTANT VICE PRESIDENT / SENIOR ANALYST

                                            CARGILL INVESTOR SERVICES

                                            Extensive knowledge of the futures industry and helping

                                            clients achieve risk management objectives were attributes

                                            leading to a successful corporate career.

            1980-1986                DIRECTOR

                                            LIVESTOCK MARKETING INFORMATION CENTER

                                            This position provided great opportunities to apply analytical

                                            skills in market outlook as well as interact with producers

                                            and professional investors throughout the U.S. and Canada.

             1978-1980               MARKET ANALYST

                                            TEXAS CATTLE FEEDERS ASSOCIATION

                                             Academic training is a necessity, but applying it to the real

                                             world is what matters.  Where better to learn any industry

                                             than by being part of one of the premier industry trade

                                             groups?

              1975-1978                RESEARCH ASSOCIATE

                                              KANSAS STATE UNIVERSITY

                                              Bob conducted research in livestock hedging strategies

                                              and authored numerous publications for professional

                                              journals and industry magazines, both during and after

                                              receiving his M.S. degree in Agricultural Economics.