AIM Investments Announces Launch of The State Farm College Savings Plan.Business Editors HOUSTON--(BUSINESS WIRE)--May 29, 2003 AIM Investments(SM) announced today the launch of The State Farm(R) College Savings Plan. The plan is established in cooperation with State Farm VP Management Corp., A I M Distributors, Inc. and the State of Nebraska Nebraska (nəbrăs`kə), Great Plains state of the central United States. It is bordered by Iowa and Missouri, across the Missouri R. (E), Kansas (S), Colorado (SW), Wyoming (NW), and South Dakota (N). . The State Farm College Savings Plan will be available in all 50 states and sold by State Farm agents. The Plan will offer investors 10 investment portfolios - three fixed-allocation portfolios (Aggressive Growth, Growth and Balanced) and seven enrollment-based portfolios. The enrollment-based portfolios provide varying investment allocations corresponding to the beneficiary's anticipated time to enrollment. The Plan is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer Noun 1. state treasurer - the treasurer for a state government financial officer, treasurer - an officer charged with receiving and disbursing funds . AIM subsidiaries will serve as investment manager and servicing agent for the Plan. Information on The State Farm College Savings Plan is available by calling your registered State Farm agent or on State Farm's Web site at www.statefarm.com. "We are certainly pleased State Farm has selected AIM Investments as its partner to build a presence in the 529 market," said John Cooper John Cooper can refer to:
William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack J. Raynor, Jr., manager of Education Savings & Sales at AIM Investments, believes the relationship with State Farm represents the maturing of the 529 business as more companies seek to partner with existing 529 providers. "The AIM/State Farm/State of Nebraska relationship is a paramount effort to enable families to save for their children's higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. ," Mr. Raynor said. "Our nation's public policy makers have given us a unique opportunity with 529 plans to come together and work cooperatively toward alleviating a major concern for working families." A 529 Plan allows investors to accumulate Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security assets on a federally tax-deferred basis for a beneficiary's post-secondary education. Contributions and earnings used to pay such qualified expenses as room, board, books, supplies, fees and tuition For tuition fees in the United Kingdom, see . Tuition means instruction, teaching or a fee charged for educational instruction especially at a formal institution of learning or by a private tutor usually in the form of one-to-one tuition. may be made on a tax-exempt basis. Investments are not guaranteed. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to providing its clients with exceptional products and services through multiple investment management styles and a broad range of investment solutions - mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $115 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and approximately 9 million shareholders as of March 31, 2003. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc. and A I M Capital Management, Inc. are the investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for the products and services represented by AIM Investments. A I M Distributors, Inc., is the distributor for the retail mutual funds represented by AIM Investments. About AMVESCAP A I M Management Group Inc. is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $319 billion in assets under management as of March 31, 2003. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: The State Farm College Savings Plan (the "plan") is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The plan is established in cooperation with State Farm VP Management Corp. ("State Farm"), A I M Distributors, Inc. and the State of Nebraska, pursuant to which State Farm offers classes of shares in a series of accounts within the Nebraska Educational Savings Plan Trust (the "Trust") that are managed by A I M Capital Management, Inc. ("AIM") and its affiliates. The Trust offers other accounts that are not affiliated with the plan. State Farm does not provide investment management services for the plan and the accounts in the plan are not insured or guaranteed by State Farm, AIM, Union Bank and Trust Company, the Trust, the State of Nebraska, any of their respective affiliates, directors, officers or agents, or any other entity. For more complete information about The State Farm College Savings Plan, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the Enrollment Handbook
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A I M Distributors, Inc., Distributor. |
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