VICTOR J. GALLO JOINS CARTER, LEDYARD & MILBURN'S ENVIRONMENTAL PRACTICE

NEW YORK, November 19, 2001 -- Carter, Ledyard & Milburn is pleased to announce that Victor J. Gallo has joined the firm as an associate in the Environmental Practice Group. Mr. Gallo previously served as an Assistant Counsel and Bureau Chief for the New York State Department of Environmental Conservation in Albany, NY.

Mr. Gallo joins Carter, Ledyard & Milburn's highly regarded Environmental Practice Group, co-directed by partners Stephen L. Kass, Clifford P. Case III, and counsel Jean M. McCarroll. The group is engaged in a broad environmental practice, including environmental impact assessment and disclosure, land-use planning and development, regulation of hazardous and toxic substances, corporate compliance and environmental audits, all forms of environmental litigation, historic preservation, governmental relations, and international environmental regulation.

"We are proud to have Victor Gallo join our firm," said Robert A. McTamaney, a member of the firm's Executive Committee. "Victor's exceptional environmental experience enhances our firm's capabilities and increases our ability to serve our clients."

Mr. Gallo received his J.D. from Catholic University of America in 1994 and his B.A. from The Wharton School of Business at the University of Pennsylvania. At the Department of Environmental Conservation, Mr. Gallo helped coordinate several high-profile projects involving multiple State agencies. He advised state government decision-makers on compliance with the State Environmental Quality Review Act and the Department's permitting requirements, in addition to providing informal guidance to the public. Prior to his work as Bureau Chief in Albany, Mr. Gallo worked in the office of U.S. Senator Mitch McConnell, with primary responsibility for the Senator's environmental agenda.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 104 attorneys and has been headquartered on Wall Street since its founding and has additional offices in midtown Manhattan and Washington, DC. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, trusts and estates, maritime, ERISA, exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.