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J. Larry Duggins is the Managing Trustee and Chief Executive Officer of AMAC. Mr. Duggins is also the Chief Executive Officer of ARCap Investors, LLC, a CharterMac (NYSE:CHC) subsidiary. Mr. Duggins co-founded REMICap in April 1996. Prior to undertaking this endeavor, he served as Managing Director of the Business Acquisition Group of Banc One Management and Consulting Corporation (BOMCC) from 1994 to 1996. In this capacity, Mr. Duggins was responsible for negotiating new servicing contracts and for analyzing and acquiring CMBS investments. Before joining the Business Acquisition Group of BOMCC in 1992, Mr. Duggins was engaged in the resolution of defaulted mortgage loans in the real estate, energy, and commercial industries for Bonnet Resources Corporation, MCorp Management Solutions, Inc., and MBank Houston, NA. He has been involved in various aspects of mortgage finance and commercial banking for nineteen years. Mr. Duggins received a Master of Science in Finance in 1983, a Master of Business Administration in 1982, and a Bachelor of Arts in History in 1980 from Louisiana State University. He is a member of the Counselors of Real Estate, the CMSA, and the Mortgage Bankers Association. | 