July 21, 1998
                                                                                
      MARK REGER NAMED FCC ASSOCIATE MANAGING DIRECTOR FOR
        FINANCIAL OPERATIONS AND CHIEF FINANCIAL OFFICER
                                
     Mark Reger has been named the FCC's Associate Managing Director - Financial
Operations and Chief Financial Officer, effective July 19, 1998.

     Commenting on Reger's appointment, FCC managing Director Andrew Fishel said, "I
am delighted that Mark will be joining us at the FCC.  His experience in the areas of financial
accounting, collection system design and implementation and budget development and
execution will serve him well as our Chief Financial Officer."

     Reger has served as the Deputy Chief Financial Officer for the Baltimore County
Public Schools, responsible for the development of new accounting, payroll, inventory and
purchasing systems as well as the budget and information technology functions of the 25th
largest school system in the nation.  For 19 years prior, he was employed by the State of
Maryland in positions of increasing responsibility, culminating in his appointment as the Chief
Deputy Treasurer in March of 1993.  As the State's Deputy Treasurer, Reger was responsible
for the modernization of the State's banking and financial  management practices as well as the
implementation of the electronic payment and collection systems.

     Reger has also served as Director, Chairman, Corporate Treasurer, and Pension System
Treasurer of the State Employees Credit Union of Maryland, the 31st largest credit union in
the nation.

     Reger holds a Bachelor of Arts Degree from Loyola College in Accounting.  He was
awarded a Henry Toll Fellowship by the Council of State Governments in 1994.  He is a
Certified Public Accountant and has been designated a Certified Financial Manager by the
National Association of Government Accountants.  He is a member of the Executive Board of
the Maryland Public Financial Officers Association and was recently elected Treasurer of that
organization.  

     He lives near Annapolis with his wife, Jane, and two children.

                             - FCC -