8.03.2005 ET

(CSRwire) BETHESDA, Md - Calvert, the nations' largest family of socially responsible mutual funds, announced the appointment of Dr. Julie Gorte to the position of Vice President, Chief Social Investment Strategist. The creation of this new role at Calvert reflects the growing interest in social investing among investor audiences, most notably the institutional investor marketplace. In this newly created role, Dr. Gorte will provide analysis and commentary on emerging issues in social investing and the intersection of social and financial research. Dr. Gorte will report to Calvert's Chief Investment Officer of Equities, Steve Falci.

"I look forward to working with Dr. Gorte and leveraging her vast experience in social research and analytical skills to articulate the investment implications of social, environmental and corporate governance factors," said Mr. Falci. "It is my belief that Calvert can further develop and advance the field of social investing by continuing to develop innovative approaches that integrate financial and social metrics," he added.

Dr. Gorte was previously Director of the Calvert Social Research Department, where she managed Calvert's team of expert analysts charged with evaluating corporate performance on social and environmental issues and shareholder advocacy for Calvert's socially screened mutual funds. Calvert will commence a search immediately for a Senior Vice President of Social Research and Policy.

Before she joined Calvert in 2000, Dr. Gorte served in several public policy and nonprofit positions dealing with science and technology policy, environmental policy, industrial competitiveness, and workplace policy. These positions include serving as senior policy analyst for the Northeast-Midwest Institute, Program Manager for Technology Analysis at the Environmental Protection Agency's Climate Policies and Programs Division, Vice President for Ecological and Economics Research at The Wilderness Society, and nearly 14 years' service at the Congressional Office of Technology Assessment. Dr. Gorte is a member of the board of directors of the Coalition for Environmentally Responsible Economies (CERES) and a member of the board of directors of the Center for a New American Dream. She received her M.S. and Ph.D. in Resource Economics from Michigan State University, and graduated Magna Cum Laude with a B.S. in Forest Management from Northern Arizona University.

Based in Bethesda, Maryland, Calvert is best known as a leader in the field of social investing. Founded in 1976, today Calvert manages thirty-three funds with over $10 billion in assets under management. In 2000, Calvert created the Calvert Social Index(TM), a benchmark for measuring the performance of large, U.S.-based socially responsible companies. For more information on Calvert and its products and services, go to www.calvert.com

For more information on any Calvert fund, please contact Calvert at 800-368-2748 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money.
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Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD, a subsidiary of Calvert Group, Ltd.

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