CALAMOS ASSET MANAGEMENT Announces CFO Appointment


NAPERVILLE, Ill., March 13, 2001 (PRIMEZONE) -- John P. Calamos, President and Chief Investment Officer of CALAMOS(R) ASSET MANAGEMENT, INC., has announced that Patrick H. Dudasik has joined the firm as Senior Vice President. He will serve as the firm's Chief Financial and Administrative Officer.

In this newly created position, Mr. Dudasik is responsible for financial, technology and administrative areas of the firm. The expansion of CALAMOS and its product offerings as well as the growing sophistication of its services created the need for this leadership role.

Mr. Dudasik joins CALAMOS after 18 years at Zurich Kemper Investments, Inc., where he served as Executive Vice President and Chief Financial Officer, and additional CFO experience. He earned a B.S. degree in accounting from Southern Illinois University and is a CPA. He began his professional career with KPMG.

Commenting on the appointment, Calamos said, "We are pleased to welcome Pat to the firm. Our company is enjoying aggressive growth in its assets, product offerings and staffing, and Pat will play an important role in helping us continue to move forward. In particular, his participation in the dynamic evolution of the mutual fund industry over the past two decades will enhance his contribution to CALAMOS' continued development."

About CALAMOS ASSET MANAGEMENT, INC.

CALAMOS ASSET MANAGEMENT, INC. is a money management firm specializing in convertible bond research and management. Headquartered in Naperville, Ill., CALAMOS serves institutional and high-net-worth clients and a family of seven mutual funds. The firm has experience in convertible bonds since 1977 and currently manages approximately $6.2 billion in assets.


 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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