AIM Distributors Names New Wholesaler for Georgia and Western Florida.

HOUSTON--(BUSINESS WIRE)--Dec. 8, 1999--

AIM Distributors, Inc. has announced the appointment of Dan Reams as wholesaler and vice president for its Financial Institutions Division. Mr. Reams will be responsible for the marketing, promotion and sales support of AIM's mutual funds in the FID channel in Georgia and western Florida. AIM is a member of the $291 billion AMVESCAP Group (NYSE:AVZ), one of the world's largest investment services companies.

Before joining AIM, Mr. Reams served as a regional vice president for Van Kampen Funds and as a regional sales director for Parkstone Mutual Funds. He received his bachelor of business administration degree from Iowa State University in 1990.

"Dan's recent sales history with the banking community makes him a natural fit for AIM," said Mike Vessels, national sales manager for AIM's Financial Institutions Division. "His established connections in his teder management as of Sept. 30, 1999.

A Stephen Graddy, 713/214-1028

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KEYWORD: GEORGIA FLORIDA TEXAS

INDUSTRY KEYWORD: BANKING MUTUAL FUNDS MANA 1999--Fitch IBCA assigns the following ratingsr series 1999OO `AAA'; --$60,000,000 senior series 1999PP `AAA'; --$30,000,000 senior series 1999QQ `AAA'; and --$11,975,000 subordinate series 1999RR `A'.

In addition to the new ratings, Fitch IBCA affirms all debt issued under MOHELA's eleventh general resolution. To date, M additional parity debt. Upon issuance of addition, adopted Dec. 2, 1999. Proceeds from this issuance will be used to finance or refinance additional student loans and pay costs of issuance.

The ratings and affirmations are based on several factors: the collateral quality, the amount of credit enhancement, the ability of the transaction to pass stressful cash flow tests at each rating ued interest. The ratings do not address the abOHELA established its supplemental loan program tfolio under the indenture is comprised of apprloans. Of the total percentage of Stafford loanised of loans made to borrowers attending four- not exceed 5% of the outstanding bonds issued under the Fourth, Fifth, and Sixth Supplemental Resolutions plus 10% of bonds issued under the Seventh, Eighth & Eleventh, Twelfth and Thirteenth Supplement Resolutions; this amount currently totals $58,346,050.

Credit enhancement for this resolution is comprised of a reserve fund, subordination and any periodic excess spread. The debt service reserve fund has been sized at 2.0% of total debt outstanding which was issued prior to the series MM-RR bonds. The reserve fund is currently sized at slightly over $19 million. Ratings on the senior notes are also based upon certificated subordination of 12%.

The senior series bonds are 28-day taxable, auction rate securities and the subordinate bonds are fixed-rate, tax-exempt securities. Interest on each series of bonds will accrue during an initial period. Interest on the senior series 1999 bonds will be paid on the first business day following the end of an auction period. Interest on the subordinate bonds calculated on a 360-day basis and will be paid semiannually on each Jan. 15 and July 15, beginning July 15, 2000. Each senior series of 1999 bonds have a legal final maturity of July 15, 2029. The subordinate bonds are subject to a mandatory sinking redemptions with maturities scheduled for July 15, 2003, July 15, 2009, and July 15, 2010.

The issuer, MOHELA, is a corporate and political subdivision of the State of Missouri. It was established in 1981 pursuant to the Missouri Higher Education Loan Act for the purpose of assuring all eligible post-secondary education students have access to guaranteed student loans. In 1994, MOHELA's powers were extended to the financing, acquiring and servicing of guaranteed or insured loans.