100 Years Of Investing In Chicago - Nuveen Celebrates 100th Anniversary With $100 "Baby" Investments in Chicago.

CHICAGO--(BUSINESS WIRE)--Nov. 4, 1998--The John Nuveen Company will mark its 100th anniversary on Saturday, November 7, by giving a $100 Nuveen fund investment to every child born that day in Chicago.

"At Nuveen, we're strong believers in the future, especially when it comes to Chicago," said Tim Schwertfeger, Nuveen Chairman and CEO. "Since our first day of business on November 7, 1898, we've been dedicated to serving our hometown community. This gift is one more way we'd like to show our commitment to this great city, and to the children who represent its future."

Gift certificates will be sent to hospitals across the city for distribution to all of their patients who give birth on Saturday. Each new mom will be eligible to receive, in her child's name, a free $100 investment in the Nuveen Rittenhouse Growth Fund, one of Nuveen's most popular equity-based products.

The gift certificates have no strings attached, although Nuveen urges everyone to consider the potential benefits of long-term investing. "For a century, Nuveen has focused on providing quality investments that withstand the test of time," Mr. Schwertfeger said. "When it comes to investing, time -- not timing -- is the way to go."

Nuveen, an investment management leader, has 400 employees at its Loop headquarters at 333 W. Wacker Dr. During the past year it has sponsored several events reflecting its century of commitment, including a Chicago Scholars Foundation ceremony recognizing students from every high school in Chicago, volunteer construction of a playground for Talcott Elementary School, and a free-admission "Nuveen Day" at the Field Museum.

On November 8, Nuveen will host a special educational leadership celebration for civic leaders, employees and invited guests featuring retired Gen. Colin L. Powell as keynote speaker. The theme will be "honoring the spirit of public service in Chicago with a focus on education."

Nuveen manages or oversees $64 billion in individually managed accounts, mutual funds, exchange-traded funds and defined portfolios. The John Nuveen Company is listed on The New York Stock Exchange and trades under the symbol "JNC." For prospectuses containing more complete information, including charges and expenses on Nuveen's mutual funds and defined portfolios, investors should call 800/257-8787 and should read the prospectus carefully before they invest.