ADVISORY/New York Life Foundation to present $500,000 Grant to the YMCA of Greater New York.

News/Assignment Editors

ADVISORY...for Friday (Feb. 9)

--(BUSINESS WIRE)

          WHAT:   On behalf of the New York Life Foundation, Sy
                Sternberg, Chairman, President & CEO of New York Life,
                will present a $500,000 grant to the YMCA of Greater
                New York

                  The grant will be used to develop community computer
                centers in five New York City YMCAs.

          VIP GUESTS:

              --  Congressman Charles Rangel, U.S. House of
                Representatives (NY-15)

              --  Paula Gavin, President, YMCA of Greater NY

              --  Dordy Jourdain, Associate Executive Director, Harlem
                YMCA

              --  Frank Cassano, Executive Director, Bronx YMCA

              --  Victoria Williams, Executive Director, Jamaica YMCA

              --  Nelson Louis, Executive Director, Prospect Park YMCA

              --  Sy Sternberg, Chairman, President & CEO, NYL

              --  Peter Bushyeager, President, NYL Foundation

          WHY THIS IS IMPORTANT:

      These Community Computer Centers will fill a crucial void in New
York City communities: they will offer children the opportunity to
learn basic computer skills, while also serving them in the crucial
after-school hours. New York Life Foundation is funding Community
Computer Centers at YMCAs in Harlem, The Bronx, Jamaica (Queens),
Prospect Park (Brooklyn) and Staten Island.

          WHERE:  The Harlem YMCA
                181 West 135th Street, New York City
                JACKIE ROBINSON YOUTH CENTER

          WHEN:   Friday, February 9, 2001 at 9:30 a.m.

Note: This event is not open to the public. Please contact Karen Finkston or Kerstin Parkel to be added to the guest list.