TULANE TALK

October 15, 2004

Good Morning:

I am pleased to announce that real estate developer Darryl Berger and Carol Lavin Bernick, a top executive of one of the worldís leading consumer products companies, have been named to the Board of Tulane.

Darryl, as principal, owner and founder of Darryl Berger Companies, Inc., has been at the forefront of major real estate transactions in New Orleans for nearly three decades. He and his sister, Donna Kay Berger, are also trustees of the Alex Berger Foundation, a local independent foundation named for their father.

Darryl received his undergraduate degree from Vanderbilt and his law degree from Tulane University. He is currently the chair of the Presidentís Council at Tulane, a member of the Tulane Law School Deanís Advisory Council and has served on the universityís Leadership Gifts Committee.

Darryl is a former member of the University College Deanís Advisory Council, the Associates Club, and the Technology and Communications Committee of the Board of Tulane. In 2004 he received the Tulane University Alumni Associationís Distinguished Alumnus Award.

Carol was recently named chairman of Alberto-Culver Company, a $3-billion manufacturer, marketer and distributor of beauty, personal care and household/grocery products. Its consumer package goods business, which Carol headed before assuming the chairmanís role, is a global marketer with brands such as Alberto VO5 and TRESemme hair care products, St. Ives skin care products and household brands such as Mrs. Dash and Static Guard. Alberto-Culverís Sally Beauty Company is the largest distributor of professional hair care products in the world.

Carol is also the president and treasurer of the Howard and Carol Bernick Family Foundation and the vice president of the Lavin Family Foundation. She earned her bachelorís degree in sociology from Tulane University and currently serves as a Campaign Leadership Volunteer at Tulane.

She also served as an honorary member of the Newcomb Campaign Committee and as the first chair of the Tulane University Associates Program for the Chicago area from 1983 to 1984. Carol and her husband, Howard, the president and CEO of Alberto-Culver, are past members of the Tulane University Parentsí Council.

I canít tell you how fortunate I feel to have these two leading professionals, who care so deeply about Tulane, join our board. They will no doubt be instrumental in the continued transformation of Tulane into one of the worldís leading research and educational institutions.

Have a great weekend,