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Arthur B. Laffer Ph.D. was appointed as a Director in June 1998 and serves on OXiGENE's Audit Committee. He is the Chairman and Chief Executive Officer of Laffer Associates an economic research and financial consulting firm. Dr. Laffer is Chairman and Chief Executive Officer of Laffer Investments an institutional money management firm. He is a founding member of the Congressional Policy Advisory Board a group selected to shape economic policies in the One-Hundred Fifth Congress. Dr. Laffer was a member of President Reagan's Economic Policy Advisory Board from 1980 to 1988. He was also a member of the Policy Committee and the board of directors of the American Council for Capital Formation in Washington D.C. Dr. Laffer formerly was a Distinguished University Professor at Pepperdine University and a member of Pepperdine's board of directors. He was also the Charles B. Thornton Professor of Business Economics at the University of Southern California from 1976 to 1984 and Associate Professor of Business Economics at the University of Chicago from 1970 to 1976. During the years 1972-1977 Dr. Laffer was a consultant to Secretary of the Treasury William Simon and Secretary of Defense Don Rumsfeld. He served as the first Chief Economist at the Office of Management and Budget under George Schultz from October 1970 through July 1972 while on leave of absence from the University of Chicago. Dr. Laffer received a B.A. in Economics from Yale University in 1963 prior to which he also attended the University of Munich Germany. He received an MBA (1965) and a Ph.D. (1972) in Economics from Stanford University. Dr. Laffer serves on the board of directors or board of advisors of numerous public and private companies including Nicholas Applegate Growth Equity Fund (NAPGX) William Lyon Homes (NYSE: WLS) ProFlowers (private) Clark/Bardes (public) Qualmag (private) Endovascular Instruments (private) SonicTelecom (private) Virtualcom (private) US Script (private) and Castle Creek (private). | 