Calvert, the nations' largest family of socially responsible mutual funds, announced today that it has launched a nationwide search for a Vice President of Social Research and Policy. This position is responsible for providing leadership and strategic direction to Calvert's social research and social policy areas as well as the corporate engagement function. Calvert has retained executive search firm Russell Reynolds to conduct a nationwide search, including internal candidates. Interested candidates should contact Gayle Robinson at 212-351-2148, at
Russell Reynolds.

"Calvert has built a formidable reputation as an internationally recognized and respected provider of corporate social research and analysis. The individual we are seeking will maintain our leadership in these areas and will identify emerging social issues of importance as we expand our representation in the U.S. and internationally," said Barbara J. Krumsiek, President and CEO of Calvert.

Calvert is the largest family of socially responsible funds in the country with sixteen portfolios ranging from large, mid, and small cap equity, bond, money market, and variable annuity portfolios. Calvert also maintains the Calvert Social Index* a transparent measurement of the performance of large, U.S.-based, socially responsible companies. Information on all of Calvert's products and services can be found on their Web site at www.calvert.com .

Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD, a subsidiary of Calvert Group. (1/02,3790)

Calvert

Calvert

Calvert, a leader in sustainable and responsible investing, headquartered in suburban Washington, D.C., has, since our founding in 1976, set industry standards for asset management excellence - in both the way we select companies for our portfolios and how we serve our clients' interests. Our investment approach emphasizes rigorous fundamental research that goes beyond traditional measures to uncover companies with long-term value. Through proven investment management, attentive customer service, an innovative family of investment products, and strong marketing capabilities, Calvert serves individual and institutional investors nationwide as well as professional financial advisors

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