American Banker Reports Assets At Bank-Managed Mutual Funds Have Quadrupled Since 1994.

NEW YORK--(BUSINESS WIRE)--Feb. 12, 1999--According to American Banker, the financial service industry's leading daily information provider, mutual fund assets managed by the banking industry have increased from $112.1 billion in 1994 to $835.6 billion today.

In addition, at the end of 1998, 47 banks managed more than $20 billion in mutual funds, compared to one bank in 1993.

American Banker reports about the growth of banks in the mutual fund market in today's Mutual Fund Roundup. The report, a package of several exclusive stories and statistical tables, shows that banking companies currently manage approximately one out of every six dollars invested in mutual funds, up from one out of every 10 dollars just five years ago.

Providing in-depth analysis of the performance of bank-managed funds, the Mutual Fund Roundup is available in today's American Banker and on the Internet at American Banker Online (www.americanbanker.com).

"After struggling for years, banks are beginning to get a firm foothold on the thriving mutual fund market," said Mario DiUbaldi, vice president and group publisher of American Banker. "Our annual Roundup offers American Banker's readers superior insight into the strategies of the players that have brought about such an impressive turnaround."

Other highlights in the 1998 Roundup include:

-- A ranking of the top 100 banks and thrifts in mutual fund assets

under management -- Analysis of how banks are reaching critical mass -- A review of Citigroup's "multibrand, multichannel" strategy -- Performance rankings broken down by types of funds managed -- The challenges and effects of bank consolidation on the mutual

fund market

For more than 160 years, American Banker, a division of Thomson Financial Services (TFS), has been the banking and financial service industry's premier daily source of information, news and analysis. American Banker is read by more than 150,000 senior-level executives each day. American Banker's sister publications include The Bond Buyer, Securities Industry News, FutureBanker and Financial Services Marketing.

Thomson Financial Services (TFS) is a leading provider of information services and work solutions to the worldwide financial community. TFS, part of The Thomson Corporation (TTC), has 40 offices located throughout the world and employs more than 7,000 people dedicated to the success of its clients. With annual revenues approaching US $6 billion, TTC is one of the world's leading information and publishing companies. TTC's common shares are traded on the Toronto, Montreal and London stock exchanges. For more information, visit the TFS Web site at www.tfn.com.