Phil Angelides, 40, a Sacramento, Calif., developer; became one of the state's most visible Democrats in 1991 when he was elected chairman of the California Democratic Party, a position he held until April 1993.

That year he announced a bid for lieutenant governor; but changed his mind when state Controller Gray Davis, a fellow Democrat, said he too would try for the post. In January, Angelides announced his entry into the race for treasurer.

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