ADVISORY/CalPERS Briefs Media on 2004 Health Plan Rates.

News Editors/Health/Medical Writers

ADVISORY...Wed. (June 18)

--(BUSINESS WIRE)

WHO: California Public Employees' Retirement System (CalPERS)

WHAT: Press availability, TELECONFERENCE, on 2004 health plan rates

WHEN: 12:30 p.m., Wednesday, June 18, 2003

WHERE: Room 1170, Lincoln Plaza, CalPERS headquarters building
       400 P Street, Sacramento, California

WHY: To respond to questions about HMO contract actions by the CalPERS
     Board of Administration. Scheduled:

    --  Sean Harrigan, President, CalPERS Board of Administration
    --  Sidney Abrams, Chair, CalPERS Board Health Benefits Committee
    --  Loren Suter, Deputy Executive Officer, Benefits &
        Administration
    --  Allen Feezor, Assistant Executive Officer, Health Benefits

Reporters can access background materials in advance via the
CalPERS Web site,

--  Press Release (http://stage.calpers.ca.gov/whatsnew/press/2003/)
--  Health Program background
    (http://stage.calpers.ca.gov/whatsnew/press/resource/health.htm)

The press release about 2004 rates also will be transmitted on the
Business Wire.

To participate, call the toll-free number listed below at
12:20 p.m., PDT Wednesday.

                       Phone No. [phone]
                          Pass Code: "Health"
                       Call leader: Brad Pacheco
                 (If there is a cancellation or delay,
                 you will be advised by the operator)

NOTE: The conference call operator will ask participants for their name, news organization, telephone number, and fax number. News media only, please.