Bank One Selects Three Indiana Independent Universities for ''Financial Literacy on Campus'' Grants.

INDIANAPOLIS -- Bank One and the Independent Colleges of Indiana Foundation, Inc., have announced the selection of three Indiana independent universities to share a $30,000 Bank One grant as part of the Bank One Financial Literacy on Campus Program. The 2005 recipients are Butler University, Martin University, and Oakland City University.

"Teaching young people how to manage their money is a priority for Bank One," said Dennis L. Bassett, CEO of Bank One Indiana. "Bank One looks to fund creative programs that address financial literacy in our communities."

"We are very pleased that Bank One has stepped up to offer such creative financial support," said Hans Giesecke, president of Independent Colleges of Indiana Foundation, Inc. "Students need guidance and direction in planning their financial futures, and this funding will help them launch their lives successfully."

All member colleges of the Independent Colleges of Indiana Foundation, Inc., were invited to submit proposals for how they would use the funding from the Bank One Financial Literacy on Campus Program to address the important need for college students to acquire and understand basic skills in economics, personal finances, and the responsible use of credit. Chosen by a panel of Bank One officers, the three selected programs are:

Butler University: Butler's "Grad Finale" and "Game of Life" initiatives are designed to provide students nearing graduation with an opportunity to learn about financial issues such as selecting insurance policies and investments; personal finance management; and the importance of credit history. The programs are led by Butler University alumni who not only work in these fields but also understand, firsthand, what it is like to be a recent graduate about to enter the "real world." This is the second year Butler has been awarded funding as part of Bank One's Financial Literacy on Campus Program.

Martin University: Martin's "Yarbro Financial Literacy Initiative" is designed to help 18 to 22-year-old college students, especially African-American, low-income ones, to better understand money management and to prepare for a positive credit experience. The key focus of the program is selecting and training Martin University students to become financial peer tutors. Martin University was also awarded funding last year for its financial literacy proposal.

Oakland City University: The "Peers Educating Peers" program involves junior and senior business majors at Oakland City University working in teams to design and conduct a series of workshops about financial literacy for freshman and sophomore peers enrolled in business classes at Oakland City. This is the first year of funding by Bank One for this new initiative at Oakland City.

Bank One is Indiana's largest bank, and has nearly 4,000 employees and 183 offices. In July 2004, Bank One merged with JPMorgan Chase & Co. (NYSE:JPM), a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com. For more information about Bank One's charitable grants, go to www.bankone.com/giving.

Since 1948, the Independent Colleges of Indiana Foundation, Inc., has encouraged increased financial support of independent higher education in Indiana, thus helping its 31 member institutions hire and retain quality faculty, modernize facilities, improve technology, and provide students with financial aid.