[2] First Rate Investment Systems and Sungard Enter Into a Significant Alliance.

DALLAS--(BUSINESS WIRE)--Nov. 16, 1999--

Companies to provide an interface between

Trustware 11(R) and FRP(R)

First Rate Investment Systems, a developer of performance measurement and portfolio software solutions, announced today that it has entered into a significant alliance with SunGard Asset Management Systems, a division of SunGard Business Systems, Inc.

SunGard has agreed to design and program a performance measurement interface for its Trustware 11(R) product for use with First Rate Investment Systems' First Rate Performance (FRP)(R) software. The agreement also allows SunGard to license, demonstrate, market and promote FRP to its customers in the United States.

"The partnership demonstrates SunGard's confidence in the capabilities of the First Rate Performance software," said David A. Stone, president of First Rate Investment Systems. "FRP adds a significant new dimension to the performance reporting capabilities currently available to SunGard Trustware 11 clients. We are excited about the opportunity to provide a dynamic, web based solution to such a prominent group of investment institutions."

Selma Ebcioglu, Vice President of Product Delivery at SunGard said clients would get a good sense of confidence knowing the two companies are working together.

"The partnership will encourage the two organizations to work closely together to get the best results for our clients," said Ebcioglu.

FRP is a suite of performance measurement applications that offers a complete solution for analyzing portfolio performance including attribution analysis, customized portfolio and client presentations, and timely performance data that meets all AIMR and GIPS calculation specifications. The newest addition to FRP, FRP 4.0, was introduced five months ago and is a significant breakthrough in open database architecture. It is the only performance system on the market capable of using Microsoft, Oracle and Sybase SQL database structure.

SunGard's business is computer service and application software. The Company is the only large specialized provider of proprietary investment support systems and is the pioneer and a leading provider of comprehensive computer disaster recovery services. Its common stock is listed on the New York Stock Exchange under the symbol SDS.

Founded in 1991 and based in Dallas, Texas, First Rate Investment Systems specializes in performance measurement calculation, attribution analysis, and portfolio statement development. Some clients benefiting from FRP include: Bank of America, First Union, Cambridge Trust Company, Fleet Bank, FMB Trust Company, Massachusetts Mutual Life Insurance Company, Mitchell Hutchins Institutional Investments, PNC Bank and Sun Trust Banks. For further information regarding First Rate Investment Systems, visit the company's website: www.firstrate.com, or contact Jeff Clark, Director of Marketing, 888.393.RATE (7283).