U.S. Securities and Exchange Commission

Litigation Release No. 18378 / September 30, 2003

, Case No. 03 CR928 (N.D. IL)

, Case No. 02-C-0582 (N.D. IL).

Former Credit Suisse First Boston Employee Ad Friend Previously Sued By SEC
For Insider Trading Indicted For Conspiring To Engage In Securities Fraud
And For Insider Trading

   The Securities and Exchange Commission (Commission) announced that on
   September 25, 2003, a federal grand jury charged Paul A. Gianamore and
   Ryan D. Evans in an eight-count indictment with conspiring to engage
   in securities fraud and with engaging in insider trading. The
   indictment also charges that Gianamore and Evans engaged in efforts to
   conceal their conspiracy.

   The Commission previously brought a civil action against Gianamore and
   Evans for insider trading. The Commission's complaint alleged from in
   or about December 1999 to in or about August 2000, Paul Gianamore then
   a Credit Suisse First Boston Financial Analyst, tipped his friend Ryan
   Evans with material, nonpublic information regarding publicly traded
   companies on at least four occasions. Evans then traded in the
   securities of these companies while in possession of this information.
   Specifically, the Commission alleged that during the relevant time
   period, Credit Suisse First Boston's Chicago office ("CSFB Chicago")
   acted as a financial adviser to one of the parties of at least four
   merger or acquisition transactions. The Commission further alleged
   that through his employment at CSFB Chicago, Gianamore obtained
   nonpublic information about the mergers and acquisitions in issue
   before they were publicly announced and then tipped Evans with the
   inside information. The Commission alleged that while in possession of
   this information, Evans purchased shares in companies shortly before
   an announcement of the merger or acquisition. In each case, Evans sold
   his shares shortly after the public announcement of the merger or
   acquisition.

   Gianamore and Evans previously settled the Commission's action without
   admitting or denying the allegations of the Commission's Complaint.
   Gianamore agreed to pay disgorgement in the amount of $243,667.17,
   plus prejudgment interest in the amount of $52,717.26 for a total
   payment of $296,384.43. The Commission agreed to waive all but
   $17,046.98 of the disgorgement and prejudgment interest based on
   Gianamore's sworn representations to the Commission regarding his
   financial condition. Gianamore also agreed to entry of an order of
   permanent injunction, enjoining him from violating Sections 10(b) and