----The
California Public Employees' Retirement System this week elected
chairs and vice chairs for key committees of the pension fund's Board
of Administration. Diehr was
elected to the Board in 2003 by State employees .

Mathur was elected to the Board in 2003 by public agency
members.com.

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Business Editors

SACRAMENTO, Calif.

Other BPAC members are: Ronald Alvarado , Philip Angelides,
Robert Carlson, George Diehr, Priya Mathur, Michael Navarro,
and Steve Westly.

-- Health Benefits Committee - George Diehr, Chair; Priya Mathur,
Vice Chair.4 million active and retired California State and local
government employees and their families.B.

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Feckner is also the current Board President.

Carlson is the senior member of the CalPERS Board, beginning
his service in 1972., Priya Mathur, and Charles Valdes. Therese "Terry" Crane, former Vice President for Education and
Family Products at AOL, has been appointed as an independent director. "Her
experience and guidance is critical as Tutor . Crane, the Board of Directors includes Robert
Reich, former Secretary of Labor under President Clinton and currently
Professor at Brandeis University; John Reid, Chairman of Cross
Cultural Solutions and former President of Edison Schools; Edward
Scheetz, Co-Chief Executive Officer of NorthStar Capital; Daniel
DeWolf, Managing Director of Dawntreader Group; Sang Ahn, Vice
President of Dawntreader Group; and, George Cigale, founder and CEO of
Tutor.

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CalPERS is the largest public pension fund in the U.
For more information about CalPERS, visit the CalPERS Web site at
www.

Business Editors/Education Editors

NEW YORK----Tutor.

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Valdes has been a CalPERS Board member since 1984. Valdes is an attorney with the
California Department of Transportation and former President
of the California State Employees Association. Diehr is
a professor of management science at California State
University, San Marcos.

Other Health Benefits Committee members are: Ronald Alvarado,
Philip Angelides, Robert Carlson, Rob Feckner , Michael
Navarro, Charles Valdes, and Steve Westly. It administers retirement and health benefits for
more than 1. He is based in
Kenilworth and reports to Michael J.B. Crane has spent more than 30 years as an educator, technology
expert and leader in the education field. Terry Crane to our Board of
Directors," said George Cigale, founder and CEO of Tutor.

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In addition to Dr.com is the leading provider of one-to-one learning and
information solutions for libraries, education institutions and
individuals.

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He is a member of the Licensing Executives
Society and the American Marketing Association.com

Tutor. To learn more about
Tutor.

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Shimada was re -elected to the CalPERS Board in 2002 as a
representative of all CalPERS members after previously serving
on the Board from 1987 to 1999 as a representative of
classified school employees.calpers.ca.

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She is a principal financial analyst for the Bay Area
Rapid Transit District. DuBois, senior vice president, Global
Licensing.
Medeiros previously held a series of senior positions at Schering-Plough,
most recently, executive director, Global Licensing.com.

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CalPERS Board Elects Committee Chairs

Last month, the full Board elected Rob Feckner as President and
Robert Carlson as Vice President.S.
In this role, Medeiros leads worldwide specialty product licensing
activity for the company, including the evaluation, negotiation and execution
of licenses and other strategic alliances with pharmaceutical and
biotechnology partners in physician specialist and hospital product
categories.

63-0805

Crane earned a doctoral degree in administrative leadership
and a master's degree in early childhood education from the University
of North Texas, and a bachelor's degree in elementary education and
mathematics from the University of Texas at Austin.

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A.J.schering-plough.com. Crane sits on the boards of several prominent education
companies that serve the K-12, higher education and library markets.com's suite of
services allows users to get help online from professional subject
experts anywhere, at any time.

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Other Finance Committee members are: George Diehr, Philip
Angelides, Willie Brown Jr. KENILWORTH, N.com is pleased to welcome Dr.

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, and its Web site is
http://www.
Dr."

Dr.

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-- Finance Committee - Robert Carlson, Chair; Steve Westly, Vice
Chair.gov

He also holds responsibility for development and implementation
of customer-focused strategies for the acquisition of new product candidates
to complement the company's internal clinical research programs. Schering-Plough's vision is to earn the trust of the physicians,
patients and customers served by its more than 30,000 people around the world.
The company is based in Kenilworth, N.
Dr .

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-- Investment Committee - Charles Valdes, Chair; George Diehr,
Vice Chair., Robert Carlson, Michael
Navarro, Mike Quevedo Jr.J.
Today, Dr.

Philosophers who are widely identified as philosophers of science.

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Medeiros holds an A.

Tutor.com Appoints Dr. Terry Crane to its Board of Directors; Dr. Crane Joins Distinguished Board of Growing Company

In the 1990's , Dr.com's services and for a complete client list please go to
www.

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Dr.com

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He is
elected by all CalPERS members. He is elected by
classified school employees and has been a Board member since
2000. He is currently elected by all retired
CalPERS members. He was elected by California
voters in 2002.

Schering-Plough Appoints Paul Medeiros Vice President Global Licensing

, Schering-Plough
Corporation (NYSE: SGP) announced today that Paul Medeiros has been appointed
vice president, Global Licensing, effective immediately.com, the leading
provider of one-to-one learning and information services for
libraries, education institutions and individuals announced today that
Dr. She
previously served as President of Compass Learning , formerly Jostens
Learning Corporation, where she oversaw the management of the
company's core K-12 software business and served as the key liaison to
the education community.

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Other Investment Committee members are: Rob Feckner, Priya
Mathur, Ronald Alvarado, State Treasurer Philip Angelides,
Marjorie Berte, Willie Brown Jr.
Prior to joining Schering-Plough , Medeiros was employed by Merck + Company
where he held positions in Field Sales, New Product Planning and Worldwide
Human Health Marketing.
from Columbia Business School. Through internal research
and collaborations with partners, Schering-Plough discovers, develops,
manufactures and markets advanced drug therapies to meet important medical
needs.

About Tutor. Using innovative technology , Tutor.

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with $182
billion in assets. with honors from Brown University and an M.
Schering -Plough is a global science-based health care company with leading
prescription, consumer and animal health products. Crane is the seventh director on the Board that also includes
former Secretary of Labor, Robert Reich. Crane led Apple Computer's
North American Education Division. Crane also serves on the National Education Association Foundation
Board, Association for Teacher Education Commission for Technology and
Teacher Education and the University of North Texas Education Advisory
Board . In her current career as an educational consultant, she works
solely with companies and institutions that are seeking to move into
the 21st century with real solutions for challenging educational
issues .com continues to grow our
core public and academic library business while exploring new markets
including K-12 schools and other education institutions that are
looking for innovative solutions to best serve students in need of
academic assistance and enrichment. These highly personalized services are
supported with superior training, communications, tracking and
reporting features, and 24/7-customer service .

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-- Benefit and Program Administration Committee - Kurato Shimada,
Chair; Rob Feckner, Vice Chair. He retired in 1998 as Supervisor
of Operations for the Oak Grove School District in San Jose. He joined Schering-
Plough in 1996 as marketing planning director, and subsequently held positions
of increasing responsibility in marketing and business development.
"Tutor.

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tutor .

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, Kurato Shimada, and State
Controller Steve Westly. Carlson retired as Chief Counsel of the
California Department of Transportation in 1985. Her distinguished career
includes serving as a Vice President at AOL where she was responsible
for the company's education strategy and initiatives including
AOL@SCHOOL, the Research and Learn, and Parenting categories.

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Dr.

The Performance and Compensation Committee will choose a chair and
vice chair at its June meeting.

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Westly is
California's State Controller. Chairs and vice chairs for two
investment subcommittees will also be chosen at upcoming meetings -
the R Street Subcommittee in April and the Investment Policy
Subcommittee in June.