Calvert's Proxy Voting Intentions Now Available on www.calvert.com

Shareholder Resolutions Filed With Black and Decker, Dollar General, Others



Apr 03, 2001, 01:00 ET from Calvert Asset Management Company

    BETHESDA, Md., April 3 /PRNewswire/ -- Calvert Asset Management Company,
 the Advisor to Calvert mutual funds, the nation's largest family of socially
 screened mutual funds, has filed ten shareholder resolutions this 2001 proxy
 voting season involving a range of issues from equal employment opportunity
 disclosure, the promotion of women and other minorities, the rights of people
 with disabilities and labor/human rights.  Calvert now publishes its proxy
 voting record, along with a its voting guidelines, on www.calvert.com. The
 firm plans to take resolutions with Black & Decker and Dollar General to vote
 at the companys' annual shareholder meeting, scheduled in April and June.
     Calvert is among the leaders in educating and informing investors
 regarding its shareholder activism via its website at www.calvert.com.  The
 firm not only reports proxy voting results, but also makes proxy voting
 intentions available on the web, at least one week prior to company
 shareholder meetings.  This includes votes for all of Calvert's domestic
 equity funds on both social as well as corporate governance issues.  Calvert
 has also published Proxy Voting Guidelines available to describe its policies
 on specific issues.
     The Black and Decker Corporation (NYSE:   BDK) Calvert's global labor and
 human rights accountability resolution with this multinational tool
 manufacturer requests that Black and Decker management expand its existing
 code of conduct guiding the company's overseas operations to include
 provisions against child and forced labor, and other labor and human rights
 standards.
     Dollar General Corporation (NYSE:   DG) Calvert's second shareholder
 resolution with Dollar General, a national chain of convenience stores,
 requests Dollar General to increase its Equal Employment Opportunity (EEO)
 disclosure.  Calvert has asked that the company report on employee
 representation by race and gender in nine major EEOC-defined job categories
 for the previous five years, as well as disclose its policies and initiatives
 to advance equal opportunity for women and minorities.
     "Shareholder activism allows us to push for improvement at companies that
 meet our minimum criteria but still have some corporate responsibility issues
 to resolve," notes Calvert CEO and President Barbara Krumsiek.  "We think it's
 important that our investors understand exactly what we're doing voting our
 proxies to help reasonably good corporate citizens address their shortcomings
 and become better ones."
     "We believe transparency and greater accountability on workplace and
 diversity issues leads to overall workforce productivity and as the ability to
 increase shareholder value," said Nikki Daruwala, Senior Social Research
 Analyst for Calvert.
     Calvert has also filed and withdrawn, based on initial corporate
 commitment,  shareholder resolutions against the following companies:
 
     Bank of America           EEO Disclosure
     Home Depot                EEO Disclosure
     Alltel                    EEO Disclosure
     Nextel                    EEO Disclosure
     Newell Rubbermaid         Glass Ceiling
     Diebold                   Enabling persons w/ disabilities
     CVS                       Workplace safety and violence prevention
     Illinois Tool Works       Labor and Human Rights; provisions against child
                               and forced labor
 
     As of February 28, 2001, The Black and Decker Corporation represented
 0.18% of the Calvert Social Investment Fund( (CSIF(R)) Enhanced Equity
 Portfolio and 0.05% of the Calvert Social Index Fund(. Dollar General
 Corporation represented 0.09% of the Calvert Social Index Fund, 1.02% of CSIF
 Balanced Portfolio, and 1.92% of Calvert Capital Accumulation Fund.
     Bank of America Corporation represented 1.45% of CSIF Money Market
 Portfolio as of February 28, 2001.
     Home Depot, Inc. represented 1.47% of CSIF Balanced Portfolio, 1.42% of
 CSIF Enhanced Equity Portfolio and 1.74% of Calvert Social Index Fund as of
 February 28, 2001.
     Alltel Corporation represented 0.28% of CSIF Balanced Portfolio, 2.10% of
 CSIF Equity Portfolio, 0.77% of CSIF Enhanced Equity and 0.29% of Calvert
 Social Index Fund as of February 28, 2001.
     Nextel Communications, Inc. represented 0.09% of CSIF Enhanced Equity
 Portfolio and 0.26% of Calvert Social Index Fund as of February 28, 2001.
     Newell Rubbermaid Inc. represented 0.17% of CSIF Enhanced Equity Portfolio
 and 0.10% of Calvert Social Index Fund as of February 28, 2001.
     Diebold, Incorporated represented 1.36% of CSIF Equity Portfolio and 0.02%
 of Calvert Social Index Fund as of February 28, 2001.
 CVS Corporation represented 1.10% of CSIF Balanced Portfolio, 0.38% of Calvert
 Social Index Fund and 0.33% of CSIF Enhanced Equity Portfolio as of February
 28, 2001.
     As of February 28, 2001, Illinois Tool Works Inc. represented 0.80% of
 CSIF Balanced Portfolio, 0.79% of CSIF Enhanced Equity Portfolio and 0.30% of
 Calvert Social Index Fund.
     Holdings are subject to change.
 
     Calvert is one of the largest mutual fund complexes in the Washington D.C.
 area with approximately $7.0 billion in assets under management. Best known
 for its family of socially responsible mutual funds, Calvert offers twenty-
 seven funds that allows individual and institutional investors to pursue a
 broad range of investment objectives within a single fund family. Most
 recently, Calvert launched the Calvert Social Index(TM), a benchmark for
 measuring the performance of large, U.S.-based socially responsible companies.
 Calvert also has an extensive lineup of tax-free and taxable fixed income
 investments.
 
     For more complete information, including charges and expenses on Calvert
 mutual funds, call your financial advisor for a free prospectus or call
 Calvert at 800.368.2748. Read the prospectus carefully before you invest.
 
     Calvert mutual funds are underwritten and distributed by Calvert
 Distributors, Inc., member NASD, as subsidiary of Calvert Group, Ltd. #3450
 (3/01)
 
 

SOURCE Calvert Asset Management Company
    BETHESDA, Md., April 3 /PRNewswire/ -- Calvert Asset Management Company,
 the Advisor to Calvert mutual funds, the nation's largest family of socially
 screened mutual funds, has filed ten shareholder resolutions this 2001 proxy
 voting season involving a range of issues from equal employment opportunity
 disclosure, the promotion of women and other minorities, the rights of people
 with disabilities and labor/human rights.  Calvert now publishes its proxy
 voting record, along with a its voting guidelines, on www.calvert.com. The
 firm plans to take resolutions with Black & Decker and Dollar General to vote
 at the companys' annual shareholder meeting, scheduled in April and June.
     Calvert is among the leaders in educating and informing investors
 regarding its shareholder activism via its website at www.calvert.com.  The
 firm not only reports proxy voting results, but also makes proxy voting
 intentions available on the web, at least one week prior to company
 shareholder meetings.  This includes votes for all of Calvert's domestic
 equity funds on both social as well as corporate governance issues.  Calvert
 has also published Proxy Voting Guidelines available to describe its policies
 on specific issues.
     The Black and Decker Corporation (NYSE:   BDK) Calvert's global labor and
 human rights accountability resolution with this multinational tool
 manufacturer requests that Black and Decker management expand its existing
 code of conduct guiding the company's overseas operations to include
 provisions against child and forced labor, and other labor and human rights
 standards.
     Dollar General Corporation (NYSE:   DG) Calvert's second shareholder
 resolution with Dollar General, a national chain of convenience stores,
 requests Dollar General to increase its Equal Employment Opportunity (EEO)
 disclosure.  Calvert has asked that the company report on employee
 representation by race and gender in nine major EEOC-defined job categories
 for the previous five years, as well as disclose its policies and initiatives
 to advance equal opportunity for women and minorities.
     "Shareholder activism allows us to push for improvement at companies that
 meet our minimum criteria but still have some corporate responsibility issues
 to resolve," notes Calvert CEO and President Barbara Krumsiek.  "We think it's
 important that our investors understand exactly what we're doing voting our
 proxies to help reasonably good corporate citizens address their shortcomings
 and become better ones."
     "We believe transparency and greater accountability on workplace and
 diversity issues leads to overall workforce productivity and as the ability to
 increase shareholder value," said Nikki Daruwala, Senior Social Research
 Analyst for Calvert.
     Calvert has also filed and withdrawn, based on initial corporate
 commitment,  shareholder resolutions against the following companies:
 
     Bank of America           EEO Disclosure
     Home Depot                EEO Disclosure
     Alltel                    EEO Disclosure
     Nextel                    EEO Disclosure
     Newell Rubbermaid         Glass Ceiling
     Diebold                   Enabling persons w/ disabilities
     CVS                       Workplace safety and violence prevention
     Illinois Tool Works       Labor and Human Rights; provisions against child
                               and forced labor
 
     As of February 28, 2001, The Black and Decker Corporation represented
 0.18% of the Calvert Social Investment Fund( (CSIF(R)) Enhanced Equity
 Portfolio and 0.05% of the Calvert Social Index Fund(. Dollar General
 Corporation represented 0.09% of the Calvert Social Index Fund, 1.02% of CSIF
 Balanced Portfolio, and 1.92% of Calvert Capital Accumulation Fund.
     Bank of America Corporation represented 1.45% of CSIF Money Market
 Portfolio as of February 28, 2001.
     Home Depot, Inc. represented 1.47% of CSIF Balanced Portfolio, 1.42% of
 CSIF Enhanced Equity Portfolio and 1.74% of Calvert Social Index Fund as of
 February 28, 2001.
     Alltel Corporation represented 0.28% of CSIF Balanced Portfolio, 2.10% of
 CSIF Equity Portfolio, 0.77% of CSIF Enhanced Equity and 0.29% of Calvert
 Social Index Fund as of February 28, 2001.
     Nextel Communications, Inc. represented 0.09% of CSIF Enhanced Equity
 Portfolio and 0.26% of Calvert Social Index Fund as of February 28, 2001.
     Newell Rubbermaid Inc. represented 0.17% of CSIF Enhanced Equity Portfolio
 and 0.10% of Calvert Social Index Fund as of February 28, 2001.
     Diebold, Incorporated represented 1.36% of CSIF Equity Portfolio and 0.02%
 of Calvert Social Index Fund as of February 28, 2001.
 CVS Corporation represented 1.10% of CSIF Balanced Portfolio, 0.38% of Calvert
 Social Index Fund and 0.33% of CSIF Enhanced Equity Portfolio as of February
 28, 2001.
     As of February 28, 2001, Illinois Tool Works Inc. represented 0.80% of
 CSIF Balanced Portfolio, 0.79% of CSIF Enhanced Equity Portfolio and 0.30% of
 Calvert Social Index Fund.
     Holdings are subject to change.
 
     Calvert is one of the largest mutual fund complexes in the Washington D.C.
 area with approximately $7.0 billion in assets under management. Best known
 for its family of socially responsible mutual funds, Calvert offers twenty-
 seven funds that allows individual and institutional investors to pursue a
 broad range of investment objectives within a single fund family. Most
 recently, Calvert launched the Calvert Social Index(TM), a benchmark for
 measuring the performance of large, U.S.-based socially responsible companies.
 Calvert also has an extensive lineup of tax-free and taxable fixed income
 investments.
 
     For more complete information, including charges and expenses on Calvert
 mutual funds, call your financial advisor for a free prospectus or call
 Calvert at 800.368.2748. Read the prospectus carefully before you invest.
 
     Calvert mutual funds are underwritten and distributed by Calvert
 Distributors, Inc., member NASD, as subsidiary of Calvert Group, Ltd. #3450
 (3/01)
 
 SOURCE  Calvert Asset Management Company