Don M. Chance, CFA, holds the William H. Wright, Jr. Endowed Chair for FinancialServices at Louisiana State University. He earned his CFA charter in 1986. He has extensiveexperience as a consultant and is widely quoted in the local, regional, and national mediaon matters related to derivatives, risk management, and financial markets in general.Dr. Chance has served as an instructor in professional training programs. He is a consultantand advisor to AIMR in many capacities, including authorship of monographs on managedfutures and real options, and he has spoken at many conferences of AIMR and otherorganizations. He is the author of the university text An Introduction to Derivatives and RiskManagement, 6th edition (forthcoming 2004), Essays in Derivatives (1998), and manyacademic and practitioner articles. Dr. Chance was formerly First Union Professor ofFinancial Risk Management at Virginia Polytechnic Institute, where he founded its studentmanagedinvestment fund. He holds a Ph.D. in finance from Louisiana State University