KENNETH P. WINSLOW

President

Mr. Winslow joined Benefit Capital in 1988 and was promoted to his present position in 1989. He was formerly Vice President in the Corporate Finance Department of New York's Chemical Bank, the nation's third largest bank, with assets of more than $135 billion. In 1984, he established and headed Chemical's ESOP Financing Unit and jointly developed an asset distribution network for Chemical, permitting the Bank to place almost $160 million of ESOP loans into the secondary market. Over the course of his career as an ESOP professional he has completed more than $600 million in ESOP financings.

Previously, Mr. Winslow spent seven years serving Chemical Bank's Fortune 500 clients worldwide, including an assignment in London. He pioneered several tax-based products for Chemical, including the Variable Rate Demand Note for Industrial Revenue Bonds.

Prior to joining Chemical in 1978, Mr. Winslow was an examiner for the Federal Deposit Insurance Corporation. He also held an appointment as faculty research assistant at the Harvard Graduate School of Business Administration, from which he holds an M.B.A. in Finance. Mr. Winslow earned his B.A. in Economics from the University of Illinois.

Mr. Winslow is an active member of The National Center for Employee Ownership and of The ESOP Association.

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