4.04.2003 ET

(CSRwire) BETHESDA, MD - Calvert (www.calvert.com), the nation's largest family of socially responsible mutual funds, today announced that Joe Keefe, President of NewCircle Communications, will work with the firm's leadership team as Senior Advisor for Strategic Social Policy. Keefe's role will include providing proactive direction for Calvert's social vision and strategic leadership for moving the field of socially responsible investing (SRI) forward.

"We are very pleased that Joe Keefe has joined our leadership team in an advisory capacity," said Calvert President and CEO Barbara J. Krumsiek. "Joe is one of the most knowledgeable and capable people in the social investment arena, and we are confident that he will not only provide strategic leadership to Calvert, but will help us advance the SRI industry as a whole."

Joe Keefe is the founder and president of NewCircle Communications, a strategic consulting and communications firm focusing on social and environmental responsibility. Formerly, Mr. Keefe was Executive Vice President and General Counsel of Citizens Advisers, an investment adviser in Portsmouth, New Hampshire and manager of Citizens Funds. He is also a member of the Board of Directors of the Social Investment Forum, the trade industry group representing socially responsible investment professionals throughout the United States.

Calvert is the nation's largest socially responsible mutual fund firm with approximately $8.8 billion in assets under management. Calvert offers thirty funds that allow individual and institutional investors to pursue a broad range of investment objectives within a single fund family. Calvert launched the Calvert Social Index™, a benchmark for measuring the performance of large, U.S.-based socially responsible companies. Calvert also has an extensive lineup of tax-free and taxable fixed income investments. For more information on Calvert, click on www.calvert.com.

Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD, a subsidiary of Calvert Group. (4/03, 4325)

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