Since 1971 Baird Investment Management (BIM) has been managing client assets. BIM consists of a team of 9 investment professionals who, at March 31, 2006, managed approximately $5.3 billion in assets in customized portfolios, inclusive-fee programs and mutual funds. BIM's investment philosophy emphasizes in-depth research to uncover high-quality growth securities for long-term investment. BIM is an investment advisory and portfolio management entity that draws upon comprehensive research sources to assist portfolio managers and analysts in the investment decision-making process.