LINDA R. KILLIAN, CFA, has nearly two decades of investment management and equity research experience. Prior to founding Renaissance Capital, she was a portfolio manager and analyst with Citicorp Investment Management and Wertheim Schroder. KATHLEEN SHELTON SMITH has spent over twenty years working with IPOs as an investment banker and portfolio manager. Prior to founding Renaissance Capital, she was a director of Merrill Lynch Capital Markets' Technology and Emerging Growth Investment Banking Group. WILLIAM K. SMITH is a founder and portfolio manager of Renaissance Capital. He was a senior investment banking executive with Kidder Peabody and Bear Stearns. He is the author of the book Strategic Growth Through Mergers and Acquisitions. RENAISSANCE CAPITAL, located in Greenwich, Connecticut, runs the IPO+ Aftermarket Fund, the first mutual fund focused on IPOs. For up-to-the-minute information on IPOs, visit Renaissance Capital's Web site: www.IPOhome.com.