Michael J. Hogan has joined Delaware Investments, a affiliate of Lincoln Financial Group, as head of equity investments. The position was previously held in interim by Patrick P. Coyne, president of Delaware Investments, since being named president in 2006. Prior to joining Delaware Investments, Hogan spent 11 years at SEI, where he most recently served as managing director and global head of equity.

Delaware Investments today announced that Michael J. Hogan has joined the company as Head of Equity Investments, effective immediately. In this role, Mr. Hogan will oversee all of the firm's equity management teams. The position was previously held by Patrick P. Coyne, president of Delaware Investments. Mr. Coyne has been serving as interim head of equity since being named president of Delaware Investments in July 2006.

"Michael's track record and expertise are great assets to Delaware Investments," said Mr. Coyne. "Moreover, Michael has succeeded in managing equity teams while taking a global view of asset management and distribution in each of his previous leadership roles. Michael joins us during a time when Delaware's equity expertise and assets have grown considerably. I am confident that Michael will provide a clear vision for continued growth in our equity strategies while maintaining a strong focus on performance and client service."

Mr. Coyne added that Delaware Investments has successfully integrated several strong teams over the last three years, including Large Cap Value, Focus Growth, International Value Equity, and Emerging Markets. These teams joined already established equity teams at Delaware Investments, such as Emerging Growth, Core Equity, and Small Cap Value. "Pat has outlined aggressive growth targets for Delaware Investments," said Mr. Hogan. "I look forward to working with this dynamic firm, and especially a firm that values a culture of achieving excellence and creating value for clients."

Prior to joining Delaware Investments, Mr. Hogan spent 11 years at SEI, where he served in several key leadership roles. His most recent role at SEI was managing director and global head of equity, providing direction for more than $50 billion of assets and a staff of more than 20 investment professionals located in four countries. Mr. Hogan also spent seven years at PNC Asset Management as vice president, portfolio strategist and vice president, senior economist. He began his career as an associate economist at Wharton Econometric Forecasting Associates. Mr. Hogan received his bachelor's degree and a master's degree in economics from the University of Delaware.

About Delaware Investments:

Delaware Investments, an affiliate of Lincoln Financial Group, is a Philadelphia-based diversified asset management firm with more than $150 billion in assets under management as of December 31, 2006. Through a broad range of managed accounts and portfolios, mutual funds, retirement accounts, sub-advised funds, education savings plans and other investment products, Delaware Investments provides investment services to individual investors and to institutional investors such as private and public pension funds, foundations, and endowment funds. Delaware Investments is the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. For more information on Delaware Investments, visit the company at http://www.delawareinvestments.com/. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. For more information on Lincoln Financial Group, visit http://www.lfg.com/.

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Source: Delaware Investments

Edited by: Erin Kello

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