CHARTER OF THE


                                     OF THE

                               BOARD OF DIRECTORS



Purpose and General Responsibilities


     The  function  of  the  Nominating  and  Corporate   Governance   Committee

("Committee")  is to  assist  the Board of  Directors  ("Board")  regarding  the

appropriate   size  and   composition  of  the  Board,   monitoring  and  making

recommendations  regarding  the  Board's  and  management's   performance,   and

assisting the Board in establishing governance guidelines.


     To perform this function, the Committee shall have the authority to perform

the  specific  duties  enumerated  in this Charter  and,  upon the  direction or

approval of the Board, to undertake other activities on behalf of the Board. The

Committee is authorized to request  reports on matters related to its authority,

its duties as described in this Charter and on any subject that it deems related

to its  responsibilities.  All  employees  of the  Company  shall  cooperate  as

requested by the Chairman of the Committee. The Committee shall recommend to the

Board any extensions or changes in the authority or duties of the Committee that

it deems appropriate.


The Committee's primary responsibilities include:



o   Recommending  the  appropriate  size of the Board and criteria for the

    selection of candidates to serve on the Board;

o   Identifying  individuals  qualified to become  Board  members  consistent

    with  criteria  approved by the Board,  and  selecting,  or  recommending

    that the Board  select,  the director  nominees for the next annual

    meeting of shareholders;

o   Developing  and  recommending  to the Board a set of corporate  governance

    principles  applicable  to the Company to be set forth in the Board's

    Guidelines on Significant Corporate Governance Issues;

o   Monitoring compliance with the Board's Guidelines on Significant Corporate

    Governance Issues; and

o   Administering  the Board's annual  self-evaluation  process and sharing the

    results thereof with the Board for discussion and deliberation.


Membership and Organization


     The Committee shall have a Chairman  appointed by the Board.  The Committee

shall consist of that number of directors as the Board shall determine from time

to time, such number not to be less than two members.  Initially,  the Committee

shall consist of all members of the Board,  excluding  employee  directors.  The

Board may add additional  members to the Committee or remove members in its sole

discretion.  No member of the Committee shall have a relationship to the Company

that may  interfere  with the exercise of their  independent  judgment,  as such

independence  is defined  by New York  Stock  Exchange  Listing  Standards.  The

Committee  may  delegate  its  authority  to a  subcommittee  or  subcommittees,

provided the subcommittee is composed entirely of independent  directors and has

a published charter.


     The  Committee  shall  promptly  inform the Board of the  actions  taken or

issues  discussed at its meetings.  This will  generally take place at the Board

meeting following a Committee meeting.


3.       Meeting Attendance and Minutes


     The  Committee  shall meet at such times as the  Chairman of the  Committee

shall designate and notice of such meetings shall be given to Committee members,

in  accordance  with the  manner set forth in the  bylaws of the  Company  which

notices of meetings of the Board are given. One-third of the Committee,  but not

less  than two  members,  shall  constitute  a  quorum  for the  transaction  of

business.  Unless the Committee by resolution determines  otherwise,  any action

required  or  permitted  to be taken by the  Committee  may be taken  without  a

meeting  if all  members of the  Committee  consent  thereto in writing  and the

writing  or  writings  are filed  with the  minutes  of the  proceedings  of the

Committee. As necessary or desirable,  the Chairman of the Committee may require

that any members of management be present at meetings of the Committee.  Members

of the  Committee  may  participate  in a meeting  through the use of conference

telephone  or  similar  communications   equipment,   so  long  as  all  members

participating in such meeting can hear one another, and such participation shall

constitute presence in person at such meeting.


     The Committee shall report to the Board  periodically or as required by the

nature  of  its   duties  on  all  of  its   activities   and  shall  make  such

recommendations to the Board as the Committee decides are appropriate.


4.       Responsibilities and Duties


Nominating and Governance Committee Charter


The Committee shall review this Charter periodically for adequacy and recommend

to the Board any necessary changes.


Corporate Governance Guidelines


     The  Committee  shall  be  responsible  for  the   implementation  of,  and

monitoring  compliance with, the Guidelines on Significant  Corporate Governance

Issues  adopted  by the  Board  and  shall  make  recommendations  to the  Board

regarding  any  non-compliance  with, or  alteration  of, the  Guidelines as the

Committee in its experience deems appropriate.


Size and Composition of the Board


     The Committee shall make  recommendations  regarding the size of the Board.

The  Committee  shall also develop and  recommend to the Board  criteria for the

selection of  individuals  to be considered  as  candidates  for election to the

Board.  The  Committee  shall  recommend  to the Board  slates of  nominees  for

election to the Board at annual meetings of shareholders of the Company.


Selection of Directors


     The Committee shall receive suggestions  concerning possible candidates for

election  to  the  Board,   including  all   self-nominations   and  third-party

nominations.  The Committee shall review and evaluate the  qualifications of all

individuals  identified as possible candidates for director and recommend to the

Board  individuals for election as directors.  This function shall include,  but

not be limited to, making recommendations regarding:


     Individuals for vacancies occurring from time to time,  including vacancies

resulting from an increase in the size of the Board; and The slates of directors

proposed on behalf of management at annual meetings of shareholders.


     In choosing  directorial  candidates,  the  Committee  should  evaluate the

following:   personal   qualities   such  as   leadership,   statesmanship   and

responsiveness; general management qualities such as a global perspective on the

business, short term results, strategic thinking and planning,  knowledge of the

business and preparedness;  financial expertise such as value creation,  capital

planning, and communications with the financial and investment communities;  and

qualities  relating to the use of human resources such as developing  management

talent and creating an effective organization.


Chief Executive Officer and Chairman of the Board Succession


     The  Committee  shall  advise  the  Board  concerning  candidates  for  the

positions of Chief  Executive  Officer and Chairman of the Board, if applicable,

and conduct such  investigation  of such  candidates  as the  Committee may deem

appropriate.  The Chairman of the Committee shall chair any executive session of

the Board  called  for the  purpose of  discussing  Chief  Executive  Officer or

Chairman of the Board succession issues.


Officer Nomination and Ratification


     The Committee  shall advise the Board  concerning  possible  candidates for

such  positions  as  Chairman  and Vice  Chairman of the Board,  if  applicable,

President, Chief Financial Officer, Vice Presidents,  Secretary,  Treasurer, and

such other  officers  of the  Company as the  Committee  deems  appropriate.  To

fulfill these responsibilities, the Committee may conduct such investigations as

the Committee shall deem appropriate.


Annual Board Evaluation


     The Committee  shall  administer the annual  self-evaluation  by the Board,

share the evaluation  results with the full Board and lead Board discussions and

analysis thereof.


5.       Advisors


     The Committee shall have the authority,  at the expense of the Company,  to

retain such  independent  consulting,  legal and other advisors as it shall deem

appropriate,  without  management  approval.  The Committee  shall have the sole

authority to retain,  terminate, and approve the fees and retention terms of any

search firm used to identify candidates.


6.       Performance Review


The performance of the Committee shall be evaluated annually by the Board.


     The Nominating and Corporate  Governance  Committee's  responsibilities and

powers as delegated by the Board of Directors are set forth in this Charter. The

Committee  relies to a significant  extent on information and advice provided by

management and independent advisors.  Whenever the Committee takes an action, it

exercises its  independent  judgment on an informed  basis that the action is in

the best interests of the Company and its shareholders.