PAUL D. PAGANUCCI
April 18, 1931 ­ February 26, 2001

Paul Donnelly Paganucci, Vice President and Treasurer Emeritus of Dartmouth College and retired Chairman of the
Executive Committee of W.R. Grace & Co., died today at his home in Hanover, New Hampshire after a long illness. He
was 69.

Mr. Paganucci, the son of the late Romeo J. and Martha (Donnelly) Paganucci, was born April 18, 1931 in Waterville,
Maine where he attended public schools. He graduated summa cum laude from Dartmouth College in 1953 where he was
a Class of 1926 Student Fellow, a member of Phi Beta Kappa, president of Tri-Kap Fraternity, and a legendary student
entrepreneur. After also earning a Master of Business Administration degree with distinction from Dartmouth's Amos
Tuck School in 1954, Mr. Paganucci attended Harvard Law School where he received his law degree in 1957. He also
served in the US Army Reserve from 1956 to 1962.

In 1958, Mr. Paganucci moved to New York City to join the staff of J. Peter Grace, President of W.R. Grace & Co. In
July 1961, he and two Dartmouth classmates formed, and he served as President, Treasurer and Director of, the
investment banking firm Lombard, Vitalis and Paganucci, Inc., a member of the New York Stock Exchange.

In 1972, he returned to Hanover, New Hampshire and Dartmouth to become Professor of Business Administration and
Associate Dean of the Tuck School. Three years later, Mr. Paganucci was appointed the chief financial officer of
Dartmouth College, a position he held under Dartmouth Presidents John G. Kemeny and David T. McLaughlin. Major
accomplishments during his service as Dartmouth's Vice President and Treasurer included the restructuring and tripling
of Dartmouth's significant endowment, an agreement to construct a new campus and facility for the Dartmouth-Hitchcock
Medical Center, and the creation of an innovative source of affordable financial aid for needy Dartmouth students through
tax-exempt financing of the Dartmouth Educational Loan Corporation.

Mr. Paganucci returned to New York City in 1986 to rejoin W.R. Grace & Co. where he served successively as
Executive Vice President and Vice Chairman of the company before becoming Chairman of the Executive Committee. He
retired from W.R. Grace in 1991.

Upon his return to Hanover in 1991, Mr. Paganucci helped found Ledyard National Bank and since its beginning served
as Chairman of its Board of Directors. Due in considerable part to his wise oversight, Ledyard National Bank has in less
than a decade become a leading bank in the Upper Connecticut River Valley region, with eight offices, nearly $200
million in assets, and a trust and investment division with holdings of more than $400 million.

Mr. Paganucci also served on the boards of a number of other business organizations, including Allmerica Securities
Trust, Inc., Ambase Corporation, Dartmouth National Bank, Fairchild Communities, Filene's Basement, Inc., The Home
Insurance Company, HRE Properties, Inc., Hypertherm, Inc., IGI, Inc., National Medical Care Inc., State Mutual
Securities, and Urstadt Biddle Properties.

Mr. Paganucci was throughout his adult life an active alumnus of Dartmouth College. Such service to his alma mater
included being co-founder of the Dartmouth Club of Harvard, President of the Dartmouth Club of New York City, Third
Century Fund Chair for New York City, Trustee and Chairman of Dartmouth's catholic student center Aquinas House,
member of the Dartmouth Alumni Council, Trustee of the Casque & Gauntlet senior society, alumni president of his
Tri-Kap Fraternity, officer of his Class of 1953, Chairman of the Tuck School Board of Overseers, member of the Board
of Visitors of Dartmouth's Nelson A. Rockefeller Center for the Social Sciences, and member of the Executive
Committee of Dartmouth's Will to Excel capital campaign.

Mr. and Mrs. Paganucci in 1985 established a scholarship fund for Dartmouth students from their home towns of
Waterville and Portland, Maine, and they served as members of Dartmouth President James O. Freedman's Advisory
Committee. Tuck School in 1992 awarded him the Tuck Overseers Medal for service to his graduate business school and
in 1999 presented him with Tuck's Distinguished Alumni Award. Dartmouth's Board of Trustees in 1993 honored Mr.
Paganucci by establishing in his name an endowed Professorship in Italian Language and Literature. For the past three
years, he and Mrs. Paganucci have been members of the Leadership Council of Dartmouth's current President James
Wright.

Mr. Paganucci served for many years as a Trustee of Colby College in his hometown of Waterville, Maine where his
involvement included chairing Colby's investment committee for over two decades. He and his wife last year established
at Colby in their name an endowed chair in Italian Language and Literature.

He was also a director of the Sherman Fairchild Foundation and of the Grace Foundation, an advisory member of the
Investment Committee of the Metropolitan Museum of Art, a trustee of the College of Mount Saint Vincent and New
Hampshire Catholic Charities, and Secretary of the Harvard Law School Class of 1957. Mr. Paganucci also served as a
commission member of President Reagan's Private Sector Survey on Cost Control. He was a member of the New York
and New Hampshire Bars and the Institute of Financial Analysts.

Paul Paganucci is survived by his wife Marilyn (McLean), his daughter Elizabeth Paganucci of Plainfield, New
Hampshire, his son Thomas Paganucci of Hanover, and several cousins.

Visiting hours will be from 6 to 8:00 PM on Thursday, March 1st at the Rand-Wilson Funeral Home on School Street in
Hanover. A service will be held in the chapel at Aquinas House on the Dartmouth campus on Friday, March 2nd at 11:00
AM, with a reception to follow at the Top of the Hop in Dartmouth's Hopkins Center. In lieu of flowers, memorial
donations may be made to the Dartmouth Class of 1953 Charitable Trust for the Paul Paganucci Memorial Fund, c/o
Ledyard National Bank, PO Box 799, Hanover NH 03755.