Noran Camp, Legal Counsel to Chairman Levitt, To Leave Commission After Ten Years of Service; Douglas Davison Named as Successor

Noran J. Camp, Legal
Counsel to Securities and Exchange Commission Chairman Arthur
Levitt, today announced that he is leaving the Commission to join
the San Francisco law office of Gibson, Dunn & Crutcher as Of
Counsel.  Also, Chairman Levitt today named Douglas J. Davison to
succeed Mr. Camp.

     Chairman Levitt said, “Noran has served the Commission and
investors with distinction and commitment for a decade.  I have
benefited greatly from his wise counsel and warm friendship and
will miss him much.  Noran is admired by all for his genuineness,
effectiveness, and thorough command of the securities laws.  I
wish him continued success and much happiness.”  Chairman Levitt
added, “I am pleased to welcome Doug and look forward to working
with him in his new position.”

     Mr. Camp said, “I have been honored to work at the
Commission for the past ten years.  While serving in the Office
of the General Counsel, the Division of Enforcement, and the
Chairman’s Office, I have been privileged to work with the
dedicated corps of professionals and support staff who make this
agency great.  It has been especially exciting to serve in the
Chairman’s Office during the past two and one-half years, a time
of such dramatic changes in the securities markets.  I
particularly thank the Chairman for giving me the tremendous
opportunity to serve the Commission and investors as his Legal
Counsel.  I will greatly miss working here, but look forward to
new challenges in the private sector.”

     As Legal Counsel since April 1998, Mr. Camp has advised
Chairman Levitt on all aspects of the Commission’s enforcement
program.  Prior to this position he was Senior Special Trial
Counsel in the Office of the General Counsel and then served as
Assistant Chief Litigation Counsel in the Trial Unit of the
Division of Enforcement.  Mr. Camp successfully argued the case
of SEC v. Colello to the Ninth Circuit Court of Appeals.  That
case set important precedent in the law governing “relief
defendants.”  Mr. Camp also served as lead counsel or co-counsel
on several complex securities enforcement actions.
     
     Mr. Camp joined the Commission in 1990 after serving as an
Associate at Willkie Farr & Gallagher in New York.  From 1983 to
1985 he was a law clerk for U.S. Chief Judge Lawrence K. Karlton,
of the Eastern District of California, at Sacramento.  Mr. Camp,
43, graduated with a B.S. from Columbia University and earned his
J.D. from the Yale Law School.
     
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     Chairman Levitt today named Douglas J. Davison to succeed
Mr. Camp as Legal Counsel to the Chairman.  As Legal Counsel, Mr.
Davison will advise the Chairman primarily on enforcement
matters.
     
     Mr. Davison comes to this position from the Commission’s
Division of Enforcement where, as a Branch Chief since May 1999,
he conducted and supervised a broad range of enforcement
activities.  He began his tenure at the Commission in 1997,
serving first as a Staff Attorney and later as a Senior Counsel
in the Division.
     
     Prior to joining the Commission, Mr. Davison was an
Associate at the law firm of Eckert Seamans Cherin & Mellott.

     Mr. Davison, 31, earned his B.S. from the Pennsylvania State
University and his J.D., cum laude, from the Dickinson School of
Law of the Pennsylvania State University.