Annapolis, MD (June 12, 2007) - Maryland Comptroller Peter Franchot was honored as the recipient of the first ever Distinguished Partnership Award from the Baltimore-Washington chapter of the National Association of Securities Professionals (NASP). Citing the Comptroller's efforts to address issues of importance to the investment community as well to the quality of life of all Marylanders, President Aileen Rappaport presented the award at the chapter's inaugural awards banquet.

"During his career, Peter Franchot has displayed an outstanding level of fairness and excellence through his public policy," said Rappaport. "Through whatever legislation he wrote or committee he was on, Peter has worked tirelessly to ensure that everyone is served equally. His record of accomplishment sets a high standard for future recipients of this award for years to come."

In his role as Comptroller, Franchot serves as vice chair of the Maryland State Retirement and Pension System Board of Trustees and has been an outspoken advocate as a member of the Board of Public Works for expanding opportunities in the state's Minority Business Enterprise (MBE) program.

"I am truly honored to receive the first ever Distinguished Partnership Award. The National Association of Securities Professionals plays an important role in our community as an invaluable resource and networking tool for up-and-coming professionals in the securities industry," Franchot said. "As Comptroller, I am committed to promoting a strong investment climate by ensuring that the state upholds its pledge to expand opportunity for minority and women professionals."

Founded in 1985, The National Association of Securities Professionals is a non-profit association of professionals in the securities industry, which brings together the nation's minorities and women who have achieved recognition in the industry.

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Contact: Joseph Shapiro, 410-260-7305