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ASSOCIATES INVESTMENT COMPANY

DIRECTORS

O. C. CARMICHAEL, JR., Chairman of the Board, Associates Investment Company
J. D. BARNETTE, Vice Chairman of the Board, Associates Investment Company

E. DOUGLAS CAMPBELL, President, Associates Investment Company

HARRY W. CLARK, Mishawaka, Indiana

LEW FLEMING, Vice President and Secretary, Associates Investment Company
W. F. GAUNITZ, Senior Consultant, Associates Investment Company

EMIL SCHRAM, Chairman, Valley-Farms, Inc., Peru, Indiana

GEORGE SPATTA, President, Clark Equipment Company, Buchanan, Michigan
T. H. WICKENDEN, Short Hills, New Jersey

C. J. YOUNGER, Business Consultant, Fairfield, Connecticut

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OFFICERS

O. C. CARMICHAEL, JR., Chairman of the Board

E. DOUGLAS CAMPBELL, President

GORDON E. AREEN, Executive Vice President
LEW FLEMING, Vice President and Secretary
T. C. DYE, Vice President, Eastern Group

W. M. SINGER, Vice President, Central Group

R. H. VAN AMAN, Vice President, Western Group

G. W. OMACHT, Vice President and Senior Counsel

ROBERT J. HERON, Vice President, Direct and Personal Loan Division

W. L. ACKER, Vice President, Commercial Division

P. M. SHORE, Vice President, Personnel

N. T. SCHWIN, Vice President, Public Relations and Advertising

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