CALAMOS ASSET MANAGEMENT Announces Two Appointments


NAPERVILLE, Ill., Sept. 19, 2000 (PRIMEZONE) -- John P. Calamos, President and Chief Investment Officer of CALAMOS(r) ASSET MANAGEMENT, INC., has announced the firm's additions of Mark W. Johnson as Vice President-Senior Analyst and Jon Vacko as Credit Analyst.

Mr. Johnson is engaged in investment analysis and equity research. He formerly was with Tucker Anthony, Cleary Gull and other investment firms. A Chartered Financial Analyst, he holds a B.A. degree from Southern Illinois University and an MBA from the University of Chicago.

Mr. Vacko performs credit analyses of companies in various industries supporting the CALAMOS investment process. He previously was a member of the Financial Institutional Group at Duff & Phelps, and he has also been an Examiner with the Federal Reserve Bank of Chicago. A Level 3 CFA candidate, he has a BBA in finance from the University of Wisconsin and an MBA from the University of Chicago.

Commenting on the hirings, Calamos said, "We are pleased that Mr. Johnson and Mr. Vacko have joined us and anticipate their making important contributions to CALAMOS' investment programs. Mr. Johnson brings strong credentials and extensive experience to our investment team. At the same time, Mr. Vacko's skills in assessing corporate creditworthiness are highly valued for their contribution to CALAMOS' intensive research process for convertibles, a core strength of the firm."

About CALAMOS ASSET MANAGEMENT, INC.

CALAMOS ASSET MANAGEMENT, INC. is an independent asset management firm specializing in convertible bond research and management. Headquartered in Naperville, Illinois, CALAMOS provides professional money management services to clients that include major corporations, public and private institutions, pension funds, insurance companies and individuals. The firm has experience in convertible bonds since 1977 and currently manages approximately $6.0 billion in assets. The firm also is investment advisor to a family of seven mutual funds.


 RE:  CALAMOS Convertible Fund (Nasdaq:CCVIX)
      CALAMOS Convertible Growth and Income Fund (Nasdaq:CVTRX)
      CALAMOS Market Neutral Fund (Nasdaq:CVSIX)
      CALAMOS Growth Fund (Nasdaq:CVGRX)
      CALAMOS Global Convertible Fund (Nasdaq:CVLOX)
      CALAMOS Convertible Technology Fund
      CALAMOS High Yield Fund

For a prospectus containing more information including fees and expenses, call CALAMOS FINANCIAL SERVICES, INC., the Funds' distributor, at 1-800-582-6959. Please read it carefully before investing.



            

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