T. Rowe Price Vice Chairman James S. Riepe has been named chairman of the Investment Company Institute, succeeding Paul G. Haaga, Jr., EVP of Capital Research and Management Co. Haaga, who served two one-year terms, will continue as vice chairman, in the tradition of past chairmen. Riepe is also chairman of T. Rowe Price Mutual Funds and is currently on the board. This will be his second term as chairman of the ICI, having served in the position between 1990 and 1992.

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