AlbersBrief, Autumn 2001 Content Page

It’s not often that you hear a student talk passionately about finance. But when you ask Robert Moritz to talk about a class he took last summer, there’s no mistaking the passion in his voice.

“I spent 18 months of my own time researching real options analysis,” Robert says ecstatically. “It’s a fascinating but incredibly complex theory that challenges even math PhDs. When I heard Seattle University was offering a class dealing with this topic, I immediately enrolled, even though I wasn’t an MBA student.”

Robert received his MBA 18 years ago, but his endeavors into this esoteric theory have his mind traveling on a pilgrimage.

“I did lots of research on real options, but the texts were purely theoretical. Dr. Brous’s class bypassed the theory and instead took on the real world applications.”

The class that has Robert so excited is Finance 591, or New Firm Valuation, which was offered during last summer’s intercession. Taught by Peter Brous and David Dufendach (of Brueggeman & Johnson, PC), the course applies the real options theory to complex acquisitions like high-tech/high-growth companies.

Traditional valuations of acquisitions have used the discounted cash flows method, but such valuations have been inaccurate because they failed to consider that the value of a firm may change over time or that a firm may have investments in projects whose cashflows are elusive.

Tony Largo, also a student in Dr. Brous’ class, elaborates, “You encounter a problem when you apply DCF valuation to a firm who has existing cashflows but also a substantial investment in R&D. DCF fails to account for these investments that may have substantial future value.”

Real options theory addresses these problems by applying variations of the Black-Scholes model. This application represents a relatively new and potentially revolutionary method that attracts the adventurous renegades of the financial world. Though still not completely understood nor even proven, the theory holds much promise and garners enthusiastic supporters like Robert and Tony.

“In my field companies make substantial investments in R&D,” says Tony, who is an employee of Telecommunications Systems. “Real options analysis enables me to determine the approximate value of this investment, whereas DCF ignores it.”

Because real options theory is still in the nascent stages, it is used to supplement traditional valuation methods. In fact, Both Tony and Robert admit that their interest isn’t entirely for professional purposes.

Robert, a Boeing employee, bluntly states, “I would say that my interest in this is 70% personal, 30% professional. But as my understanding grows, I want to increase its applications at work. I want to be a catalyst for change.”

Tony earned his MS in finance two years ago from Seattle University. “I would say that my interest is both personal and professional.”

Despite the theory’s mathematical complexity, the theory’s application does not require math knowledge beyond algebra. Dr. Brous and Mr. Dufendach avoid the numerical voodoo and instead seek to instill in students a conceptual understanding of the material.

“I would absolutely recommend the course,” says Tony. “It was excellent.”

Robert concurs. “The instructors did an extraordinary job. I highly recommend it.”

But Robert admits that there’s still much to learn, and he shall continue on his pilgrimage.

CEO Carol Nelson Provides New Vision to Cascade Bank Flecks of white paint dot Carol Nelson’s face and arms. In one hand she holds a paintbrush, in the other a small can of paint. Strangely enough, Carol is painting the walls of an apartment whose residents she does not even know. Stranger still, Carol is the CEO of Cascade Bank.

But this strangeness evaporates when it is revealed that today is the United Way of Snohomish County’s “Day of Caring.” As part of its commitment to the United Way, many of Cascade Bank’s senior management have donated their time to “Friends of Youth”, an organization that provides transitional housing for homeless youth between the ages of 18 and 21. Carol and 15 of her coworkers are painting an apartment that provides temporary shelter to young people who would otherwise be living on the streets.

Today’s endeavor is a manifestation of a vision that Carol hopes will differentiate Cascade Bank from its competitors, a vision that places community ahead of other traditional targets in an industry where rapid growth, at the expense of customer service, seems to be the trend.

“Cascade’s goal is to be the preferred community bank,” says Carol. “We want to build strong relationships with our customers via exceptional financial products and outstanding customer service.”

This vision of being “the preferred community bank” is not simply some cliché that hangs on the walls of corporate headquarters. Cascade is committed to its vision. And the source of this commitment may perhaps be traced to Carol herself.

Born in Chicago, Carol Kobuke Nelson was one of 7 children. Her father died when she was 10, leaving her mother to raise Carol and her siblings alone.

“My mom raised us single-handedly, and that really brought us all together. We are a very close family.”

The family moved to Seattle in the early 60’s. Carol grew up in the Green Lake area and attended Lincoln High School. Upon graduation she entered the University of Washington, but the large, impersonal atmosphere of UW was incompatible with Carol’s strong sense of family and community. Within a year she transferred to Seattle University whose smaller classes and strong Jesuit tradition provided her a warm welcome. Initially an accounting major, she switched her major to finance. Her favorite courses as an undergraduate, however, were not related to business.

“Philosophy and theology were my favorite undergrad courses because they made you think.”

In 1978 she graduated with a BA in finance (followed by an MBA from SU in 1984). She then joined Seafirst Bank as a member of its management-training program. At that time Seafirst was a regional bank that prided itself on being Puget Washington’s leading community bank. But as the years passed, Seafirst slowly began to evolve into a large, impersonal bank. Eventually, Seafirst merged with Bank of America, and suddenly the local community bank was no more.

Although not unhappy during her years at Seafirst, Carol’s orientation towards family and community seemed misplaced within the vast confines of the B of A machine. It must have been destiny when a community bank began aggressively recruiting her. In February of 2001, after 23 years of service, Carol departed B of A and took the helm of Cascade Bank as CEO.

Since then, changes have occurred quickly within Cascade, the most notable being its conversion in July from a federally chartered thrift to a state chartered commercial bank.

“The conversion enabled us to expand our services offered to the business sector of the community.”

As with any CEO, Carol continues to seek growth opportunities for Cascade, but she will not pursue growth at the expense of customer service.

“We have established a quality of service department whose duties include the creation of quantifiable service standards and the tracking of those standards. A lot of banks talk about quality of service, but unless you quantify that service, it remains just talk.”

For today, however, Cascade’s quality of service department is focused on ensuring that Carol doesn’t drip paint on the carpet. Carol and her coworkers are working hard, but their hard work is belied by equal amounts of enjoyment, perhaps because they understand that the work done here today will benefit the young adults of the community in which Carol and her coworkers work and live. As CEO, Carol Nelson is not only painting this apartment, she is painting the future of her bank… and her community.

Seattle University was one of four Jesuit universities to make the top 10 list of regional universities that offer primarily undergraduate and master’s degree programs in an annual survey conducted by U.S. News & World Report The rankings are based on criteria ranging from admissions selectivity and graduation rates to peer recommendations and the percentage of alumni who donate money to the school. Fellow Jesuit universities also ranked among the top 10 are Santa Clara, Loyola Marymount in Los Angeles, and Gonzaga.

“Seattle University welcomes the very good news of being ranked in the top 10 among the nearly 200 universities included in the Western region,” said University President Stephen V. Sundborg, S.J. “This represents a steady improvement in our ranking by USN&WR over the past several years. Most importantly it is an external confirmation of what we are experiencing on campus in our focus on distinctive education matched by the quality of students choosing Seattle University.”

Of the 650 students expected in Seattle University’s incoming freshman class, one-quarter had a high school grade point average of 3.8 or better, an SAT score of 1210 or higher, and graduated from high school with Advanced Placement credits, an International Baccalaureate diploma, or both. The class of 2005 is also among the most diverse in the university’s history. A full 13 percent are expected to be African American, American Indian, or Hispanic among the highest in the region. Almost one in four will be of Asian or Pacific Islander descent. Slightly over half—52 percent—will be from outside the state of Washington.

The United Way of King County recognized Seattle University with one of four “Leadership Giving” awards this year, selecting it from 2,463 local organizations that held workplace giving campaigns. Last year S.U. set a new standard for the participation of academic institutions in the Northwest in the United Way Campaign. S.U. surpassed other institutions in the total participation and the number of leadership gifts. “We want to continue our leadership position as a demonstration of our commitment to service and social justice,” said President Steve Sundborg, S.J.

Frank Ryan - Frank Ryan, 1947 School of Education graduate, and a retired real estate appraiser, recently donated to the Albers School of Business and Economics for curriculum enrichment in the area of Real Estate. Ryan, who was a student at Seattle University from 1937-1940, and then again from 1946-1947, was owner and president of Ryan Appraisal Service. After a long and successful career he wanted to give back to Seattle University to help others prepare for careers in real estate.

Joan Razore - Joan Razore, widow of Josie Razore, who passed away in February of 2000, and mother of Warren Razore, 1965 business graduate, recently established the Joan and Josie Razore Endowed Scholarship to benefit deserving undergraduates in the Albers School of Business and Economics. Seattle University has greatly benefited from the continued generosity of the Razore family. The Razore’s, founders of Seattle Disposal, now known as Rabanco, have given generously to support scholarships, and the new student center now under construction. Joan and Josie Razore’s three children all attended Seattle University. While Warren, who passed away in October of 1999, was a graduate of the business school, Marie and Carmen both received their degrees in Education.

Steve Norman - Steve Norman, 1968 marketing graduate, and his wife Anne, recently established the Anne and Stephen Norman Endowed Scholarship to aid deserving undergraduate students in the Albers School of Business and Economics who are married and working, and are junior or senior status. Seattle University has benefited from Steve Norman’s service as a Regent for twelve years and having been a former member of the Albers School Executive Advisory Board. Steve and Anne have recently sold their ownership of BMW Seattle and look forward to retirement and working on various projects through their company, Norman Enterprises.*

William Ramsden - William Ramsden, a 1978 accounting graduate, and his wife, Janis, recently established an endowed scholarship in honor of his mother Rosemary Laura Ramsden, who was a life-long advocate for education. The Rosemary Laura Ramsden Endowed Scholarship will provide funding each year to a deserving student from the Albers School of Business and Economics, College of Arts and Sciences, School of Education or School of Nursing. William and Janis Ramsden now reside in Walnut Creek, California, where William works for PricewaterhouseCoopers.*

* For information on how to establish an endowed scholarship or to give to the Albers School of Business and Economics, please contact Annagreta Jacobson, Academic Development Officer for the Albers School of Business and Economics, at (206) 296-6115 or jacobson@seattleu.edu.

Steven Holl, the Bremerton native who designed the Chapel of St. Ignatius, has been named the Best American Architect by CNN/TIME Magazine. The chapel was dedicated in 1997, and serves as a center of spiritual life on campus. In 1998, The American Institute of Architects recognized the Chapel of St. Ignatius by presenting Holl with an Honor Award for Architecture and Religious Art & Architecture Design Award. To take a virtual tour of the Chapel of St. Ignatius, visit www.seattleu.edu/chapel.

These events include information on all 23 Seattle University graduate degrees. Wine and cheese reception. Drop in anytime between 5 - 7 p.m. Make a connection with program representatives. Inquire about flexible class schedules designed for working professionals. A representative from Student Financial Services will be available to answer your questions. Special information sessions will be held throughout the evening. Free parking available in our Broadway garage.

Ernest Hughes, R.E.I. Inc. Ernie has an interesting story to tell on the problems REI had with its e-commerce store in Japan (useful info. for International folks). Ernie is a former SU student and teacher.

Tuesday, November 6 Graduate ECIS class.
5:30 pm - 6:30 pm, Pigott 328 (new Murdock Computer Lab)

Randy Massengale, co-founder of Spinoza.com. I believe he is also on our SU Advisory Board. Formerly V.P. at Infospace and Director of Diversity at Microsoft. His talk will be on a "Total Approach to Start-ups."

Rob Walters, COSTCO. Rob is senior V.P. at Costco and will discuss Costco's e-commerce strategy. Very knowledgeable guy.

Presenters: Richard Corbett, the Thomas F. Gleed Visiting Professor of Risk Management

Many of us can remember the excitement of our elementary school “egg drop” experiments. Some us are re-living that challenge twenty or more years later! In New Product Development, MKTG553, with Professor Carl Obermiller, students can look forward to the Egg Delivery System Design Exercise. It requires groups of students to design a product that will safely “deliver” a raw egg to a 4-inch target two stories below. Students play the roles of five members of a new product development team—customer, marketer, industrial design engineer, manufacturing engineer, and R&D engineer. Each role includes its own motivations and information. Customers have a vague idea of what they want, marketers have conducted concept tests and surveys, industrial design engineers have done observations to determine important aesthetic and ergonomic factors, manufacturing engineers know about materials and assembly costs, and R&D engineers know about core technology and development costs. The materials that groups work with include box case, balloons, cups, typing paper, tape, straws, paper clips, rubber bands, pipe cleaners, eggs, string, popsicle sticks, and black, red, green, and blue markers.

The groups are evaluated on the four general dimensions that challenge all new product development efforts—time to market, unit costs, development project costs, and product quality. The groups work under time pressure and their designs are evaluated for unit costs and development costs based on the materials that are used. Performance quality is dependent upon a judgment of aesthetics and ergonomics and the BIG PRODUCT TEST. When all the products are finished, the R&D engineers take them to the 3rd floor of the Paccar atrium. The rest of the class waits down on the first floor and watches as each product is dropped. Success is measured by egg breakage and distance from the target. There is always variety in the designs—from sturdy boxes, to parachutes with baskets, to balloon-balls. (The balloon-balls usually protect the egg, but they sometimes bounce and roll far from the target.)

The objectives of the exercise are to provide students with experience in designing a new product according to multiple sets of criteria, to develop methods for making the trade-offs that result from cross-functional integration, and to experience the pressures on development to speed to market. After the products are tested, and all the development documents are turned in, each student completes a short questionnaire about the group’s performance. Students get to learn about new product development teams and product design. They also get to have fun.

“Simply marvelous!” says associate professor Diane Lockwood. “It has an easy to use instructor station for faculty and student presentations. The student computers are recessed under the desks so they are unobtrusive and students don’t have to peer around monitors to see the instructor. We are very grateful to the Murdock fund for their support of the lab and of our ECIS (E-Commerce and Information System) program.”

“The new lab has the latest in computing equipment and is set up perfectly to maximize the implementation of technology in the classroom”, comments Accounting Instructor Sarah Bee.

The new e-commerce computer Lab in the Pigott building was funded with money from the M. J. Murdock Charitable Trust created by the will of the late Melvin J. (Jack) Murdock, co-founder of Tektronix.

The Seattle University chapter of Beta Alpha Psi was honored with a Superior Chapter designation and a Best Practices award. The National conference in Atlanta was attended by Sarah Bee, faculty member in accounting, along with eight students. They also participated in community service at Mosaic, a summer program for disadvantaged youth.

A business plan created by graduate students Catherine Collins and Nancy Dienes in their entrepreneur class used start-up funding, tuition, volunteers and partnerships to break even in its first year. The goal for “Clickerz” is to provide public-school students from modest backgrounds with instruction usually found in high-priced, private camps.

“It’s one of the most entrepreneurial things we’ve ever come across,” said Paul Shoemaker of Social Venture Partners, which provided some of the start-up funds.

The camp at Seattle’s Kimball Elementary was open to students’ ages 7-11. The school provided the lab and Collins and Dienes provided the business skills. The Albers pair also helped raise the start-up funds, and arranged partnerships, which yielded volunteer staff help from the Americorps program as well as Seattle University. Jefferson Community Center handled all registration and camp administration, and provided before and after camp care for students.

For Collins and Dienes, Clickerz was a chance to use their newly acquired business skills to help nonprofit organizations achieve their goals without being dependent on tiring, time-consuming fund raising. “We want to create things that serve a social need, and also pay for themselves,” Collins said. “The profit,” she added, “is what the kids learn.”

And, like good entrepreneurs, they’re looking to grow. Collins is already looking for six more principals willing to host Clickerz camps next summer.

Clickerz won the Award for Social Enterprise Focus at the SU New Venture Plan Competition.

First Place Alumni, Academy for Precision Learning - Jeff Schario, Alison Moors

Albers People

Professor Sharon Lobel’s article, “The Happy Workaholics,” was accepted for publication in the March, 2002 issue of the Harvard Business Review.

Greg Ellis, assistant professor, had his article, “Estimation of Market Power in a Nonrenewable Resource Industry,” accepted for publication in the Journal of Political Economy.

Associate Professor, Chris Weber, had his article “Intemporal Non-Spearability and ‘Rule of Thumb’ Consumption” published in the Journal of Monetary Economics.

Greg Prussia, associate professor, had his article “Explication of the Coping Goal Construct: Implications for Coping and Reemployment” in the Journal of Applied Psychology.

David Rapach, assistant professor, had his article “International Evidence on the Long-Run Impact of Inflation” in the Journal of Money, Credit, and Banking.

John Dienhart published a collection of articles with two others entitled "The Next Phase of Business Ethics: Integrating Psychology and Ethics." (JAI Press)

Associate Professors, Suzanne Erickson and Susan Weihrich, were winners of a Distinguished Research Award, “Financing Growth: Can you afford to Grow” was Winner at the Allied Academies Fall 2001 International Conference and will be published in the organization’s journal. At the same conference, Associate Professor Diane Lockwood received similar recognition with her presentation, “Cobweb.com End Game Strategy for an Internet Company,” co-authored with MBA students Keith Kowalczik and Derik Hickling.

Gail Lasprogata, assistant professor of business law, and David Arnesen, chair of the Management Department and associate professor of business and international law, attended the annual conference of the Academy of Legal Studies in Business, held in Albuquerque, New Mexico from August 7-11. Arnesen delivered the paper, “Employee Internet Use: Corporate Policies and Legal Issues.” Gail Lasprogata delivered the paper, “Contemplating ‘Enterprise’: Sustaining Social Value in the New Millennium,” exploring the ways nonprofit organizations can expand their cause-related impact while increasing their financial self-sufficiency.

Peter Raven and Patrick Fleenor presented a paper in October at International Business and Economics Research Conference in Reno. The paper is “Barriers to Effective E-Business in Developing Countries.” In late October they attended the Annual Directors Conference for DOE Title VI grant administrators.

The Center for E-Commerce and Information Systems hosted a Global Technology Management Program for Chungnam University and Kongju University (Daejon, Korea) from July 10 to July 13, 2001. Sixty people, including 55 students, 3 graduate assistants and 2 professors, attended seminars on technology management. Seminars were offered by Professors Bonn-Oh Kim, Bob Callahan, Harriet Stephenson, Ev Mills (Computer Science), Greg Silverman (Law School) and Dr. Jae Kim from Boeing.

The Seattle University chapter of Beta Alpha Psi was honored with a Superior Chapter designation and a Best Practices award. The National conference in Atlanta was attended by Sarah Bee, faculty member in accounting, along with eight students. They also participated in community service at Mosaic, a summer program for disadvantaged youth.

Gleed Chair, Richard Corbett, co-authored a paper in Risk Management and Insurance Review, “Stock Market Reactions and Information Transfer Due to Financial Instability in the Life Insurance Industry.” He also gave a presentation at the 2001 Annual Meeting of the American Risk and Insurance Association in August in Indianapolis. The title was “Potential Liability Exposures Arising from Employee Benefits Administration.”

Lauren Carriere is the new Graduate Programs Coordinator in the Albers School of Business and Economics. Her last position was at Skyline High School as a career specialist. She has also served at Pacific University in Oregon as the assistant director of admissions.

Annagreta Jacobson, ’99 MNPL, has joined the ABSE staff as an Academic Development Officer. Annagreta will be assisting Dean Phillips and faculty with resource development opportunities.

John Dienhart, professor and Frank Shrontz Chair of Business Ethics, has been named Director of Northwest Ethics Network (NWEN). NWEN consists of ethics and compliance officers from businesses, non-profits, and government. Seattle University will host four meetings over the next 12 months. Dienhart also gave a Presidential Address to the Society for Business Ethics, in Washington DC in August. The title was “Who Are Our Hairdressers” (A Plea for Institutions and Action). The title of the talk came from a real case of a health care worker who used hairdressers to spread the word about breast cancer to their clients.

These students were recognized for exceptional performance in Spring 2001 at a reception in the Casey Commons:

Spirit of Albers Award

- Tim Raffo

Service to Albers Toastmasters Leadership Award

- Christine Eggermont

Service to Students Award

- Chris Canlas

Campus Ministry Service to Community Award

- Becky Stapleton

Outstanding Freshman Award

- Jacqueline Johnson

Outstanding Sophomore Award

- Nichole Sauvageau

Woodrow Clevinger Award (Outstanding Junior)

- Debra MacLeod

Hal Lemon Award

- Sara Hendrickson

Paul Volpe Award (Outstanding Senior)

- Ibaadat Dhaliwal

Scholastic Achievement Award (Outstanding Transfer Student)

- Beatriz Diaz

Alpha Kappa Psi Scholarship Key (2nd Highest gpa graduating senior)

- Cassandra Sprute

Wall Street Journal Award

- Cara Priestley

Outstanding Business Plan Award (Undergraduate)

- Leanne Voss

Albers Graduate Student Service Award

- Catherine Collins

Albers Graduate Student Scholar Award

- Vincent O’Neil

Seattle University was recently honored as one of the top runners-up in the USA Today/NCAA Foundation Academic Achievement Awards. The university was honored for a 78 percent graduation rate for its student-athletes from 1994-2000, ranking SU in a tie for seventh amongst NCAA Division II schools.

“Seattle University can be proud that its student-athletes excel in graduation rates. Our coaches and admissions staff do a great job of recruiting student-athletes who thrive on a Jesuit education,” said Todd Schilperoort, Seattle University’s director of athletics. “While coaches support high academic standards and recruit bright and well-prepared student-athletes, our outstanding faculty deserves a great deal of credit. The faculty here care greatly for the students and it shows.”

“These academic successes indicate that our priorities are in the right place and that our student-athletes have been able to balance the demands of a competitive academic environment while also competing on a varsity team. Our challenge is to maintain this level of academic success while improving the competitive l evel of our teams,” Schilperoort said. “Our goal is to represent Seattle University in a fashion that will bring great pride to its students, faculty, staff, alumni and community. We have done this in the classroom. Our goal is to mirror this on the playing field.”

If you want to know why Seattle University is a national leader in its student-athlete graduation rate, take a look at two of its current students. Nichole Sauvageau and Nicki Wolfert are student-athletes at Seattle U. Both are juniors and both attend the Albers School of Business and Economics, where their academic lives run virtually parallel.

“I like working with people,” says Nichole. “But also I like working with numbers. So I’m majoring in accounting.”

“Ditto me on that,” says Nicki, an accounting major as well. “We’ve taken most of our classes together.”

When asked what their favorite class has been, both agree that their marketing class was the best.

Nichole agrees. “He connected his teachings to real life. He provided lots of personal anecdotes from the business world.”

As for their least favorite class, both concur that it was philosophy—but this time it has nothing to do with the professor.

“The class started at 7:30 AM!” they chime. And one of the two even admits to having fallen asleep in class (but we won’t identify which one).

These academic parallels end abruptly, however, when we compare their athletic experiences.

Nichole is team captain for the soccer team. Nichole’s performance, along with her team, has been outstanding. In her freshman year she scored a remarkable 45 points and was selected as PacWest Freshman of the Year. In her sophomore year she continued her impressive play and the accolades followed: she was selected PacWest Player of the Year, as well as Seattle University Student-Athlete of the Year. Now in her junior year, she is poised to break the SU all-time scoring record. But her successes have not been limited only to herself. Her team, too, has performed well.

“In both my freshman and sophomore years we made it to regionals where we lost to Simon Fraser. Simon Fraser went on to win the national championship.”

Nicki, on the other hand, is team captain for the SU volleyball team. Her team’s performance has been a bit less spectacular.

Not just this year, but any year. And their overall record has been almost as grim. In her freshman year the team won a total of 3 non-conference matches—her sophomore year, just four. Of the original 13 players her freshman year, she is the only player to return this year. She is also the only non-freshman starter.

But this seemingly dismal record doesn’t seem quite so dismal when you consider the fact that the team did not exist before Nicki’s freshman year. SU’s volleyball team was created in 1999. Since then, the team has made steady progress.

Other teams are commenting on how much we’ve improved,” glows Nicki. “They’re saying things like, ‘Wow, now we actually have to worry about beating SU.’ We’re definitely going to be competitive this year.”

Big challenges lie ahead of both students. Nicki must refine her own skills while growing with a team that is growing itself. And given her seniority, she must not only contribute digs, sets, and spikes, she must also provide leadership to her younger teammates.

Nichole faces the unenviable task of meeting the high expectations that have resulted from her early successes. Moreover, she must now play against defenses designed to shut her down. Then there is the rather minor difficulty of beating Simon Fraser.

SU is completing it’s fourth and final year in transition from NAIA to NCAA division II, and both must contend with this move.

So maybe their athletic lives are not so different after all. Both athletes face a future that offers numerous challenges, for themselves and their teams. If there’s one certainty, however, it is that Nicki and Nichole will meet these challenges head-on. It’s students like these that continue to make SU an exceptional place for education.

Editors Note: At press time, the women’s soccer team had moved into sole possession of first place in the conference race, winning their last 11 games. Nichole Sauvageau had scored her league leading 8th goal (38th career) including the winning goal against Simon Fraser University (Vancouver, British Columbia).

The women’s volleyball team was 8-15 overall but had won 3 conference matches. Nicki Wolfert was listed among the league leaders in kills and digs.