February 5, 2002

Top SEC Official Returns to Alston & Bird

Michael R. McAlevey, who stepped down in late-November after three years as
Deputy Director of the U.S. Securities and Exchange Commission's Division of Corporation Finance, will rejoin the law firm of Alston & Bird early next month.

McAlevey, 37, will be resident in Alston & Bird's Washington, D.C. and New York offices. He will focus on counseling the firm's clients on matters involving securities regulation, corporate governance and merger and acquisition transactions.

While at the SEC, McAlevey oversaw all aspects of the operation of the Division of Corporation Finance and played an instrumental role in the development and implementation of Regulations M-A and FD. In addition to serving as the Division's liaison to Capitol Hill on legislative matters related to the capital formation process, he oversaw initiatives related to the use of Internet and other electronic means of communications in securities offerings. The Commission awarded him its Chairman's Award for Excellence for his work in connection with Regulation FD.

Prior to joining the SEC in late 1998, Mr. McAlevey was a partner in the firm's Atlanta office, where he played important leadership roles in the firm's Capital Markets Group and led a variety of innovative transactions.

The author of numerous articles and a frequent speaker on securities regulation and related matters, McAlevey serves as an adjunct professor of law at the Georgetown University Law Center.

A graduate of the University of Virginia School of Law, he was a law clerk to
The Honorable Emmett R. Cox, a judge of the United States Court of Appeals for the
11th Circuit. He received his undergraduate degree, magna cum laude, from
Washington & Lee University, where he was a member of Phi Beta Kappa.

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