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To: PartyTime who wrote (120)	5/12/2002 10:36:41 PM
From: afrayem onigwecher	Respond to of 308

Bank One Names Lee Gardner Senior Partner in Private Equity Business CHICAGO, July 12, 2001 -- BANK ONE CORPORATION (NYSE: ONE) today announced that Lee M. Gardner will join the company as senior partner in its private equity business, which will be renamed One Equity Partners. Based in Detroit, Gardner will work with industrial and manufacturing companies -- including Bank One customers -- to take advantage of transactional opportunities that help achieve the companies' strategic and financial objectives. Bank One is a leading provider of financial services to this market. Gardner, 54, has nearly 30 years of experience in manufacturing, including the last 14 years at MascoTech International, a $1.7 billion maker of products for automotive and other industrial industries. He became president and chief operating officer in 1992. MascoTech was taken private by Heartland Industrial Partners in November, 2000, and now operates as Metaldyne Corporation. Gardner began his career in 1973 at Borg Warner Corporation, where he held a variety of senior manufacturing and general management positions in automotive-related businesses. Currently, he is a director of Metaldyne and of MSX International, a leading provider of technical and business services to automotive and other markets. He holds a bachelor's degree from Missouri State University and an MBA from the University of Utah. Gardner will work with Richard Cashin, chairman of One Equity Partners. Cashin, 48, has more than 20 years of experience in managing private equity investments, including as president of Citicorp Venture Capital. Working in New York, Cashin manages Bank One's $3.5 billion investment and commitments in venture capital and private equity investments. With a growing staff of experienced professionals in the private equity market, One Equity Partners will invest in a wide range of industries and businesses. With Bank One's commitment, One Equity Partners will focus on building companies for long-term strategic growth and value creation. The group will have offices in New York, Chicago, Detroit and Frankfurt, Germany. "Lee Gardner knows manufacturing from the factory floor to the executive suite," Cashin said. "He knows how to work with the leadership of companies to identify their non-core businesses and position them for future growth and value creation. "When Lee was at MascoTech, we worked together on the private equity transactions that established Delco Remy International, MSX International and several other companies," Cashin said. "I am delighted that we can work together again, at One Equity Partners." "With the significant commitment Bank One is making to the private equity market, I also look forward to working with Dick Cashin and Bank One's bankers to provide our clients with additional growth and value-creation opportunities," Gardner said. "One Equity Partners will be a great resource to broaden our relationship with current and new customers, and to develop business opportunities that create value for our shareholders." BANK ONE CORPORATION is the nation's fifth-largest bank holding company, with assets of more than $270 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. It can be found on the Internet at www.bankone.com. shareholder.com