Holly R. Gustafson

Holly Gustafson is a senior research analyst covering B2C Internet companies in e-retail.
Prior to joining Legg Mason, Ms. Gustafson was a vice president at Deutsche Bank Alex.
Brown, where she was a senior analyst following major integrated oil companies.
She has over 15 years experience providing sell-side research in various sectors of the oil industry, with Howard Weil Labouisse Friedrichs, John S.
Herold, Inc., Wood McKenzie, and NatWest Securities.
She has covered growth stocks in the oil service sector as well as large-cap major integrated oil companies, and participated in the initial public offering of Conoco, Inc. in 1998, which, at that time, was the largest IPO in history.
Ms. Gustafson received a BA from the University of Wisconsin, an MS from Catholic University and an MBA from the Wharton School at the University of Pennsylvania.
She is a Chartered Financial Analyst charterholder as well as a member of the Washington and Baltimore chapters of the Security Analysts Society.