BankBoston and Meyers Capital Team Up to Market Meyers Pride Value Fund to Gay and Lesbian Community.

BOSTON--(BUSINESS WIRE)--June 11, 1998--BankBoston Development Company, a division of BankBoston, has announced that it has become a direct equity investor in Meyers Capital Management. The $250,000 investment will be used to provide capital to market the Meyers Pride Value Fund, the only mutual fund that invests in companies that have explicitly stated anti-discriminatory policies in place for gay and lesbian employees.

Meyers Capital Management, formed in 1996 by Shelly Meyers, a former analyst and assistant portfolio manager with The Boston Company, is an investment manager with offices in Beverly Hills, California and Boston. In addition to the Meyers Pride Value Fund, the firm manages private asset and institutional accounts. The company's mission is to be a leader in providing superior investment products and services tailored to women as well as the gay and lesbian community. It is estimated that the tangible assets of the gay and lesbian community in the U.S. exceed $800 billion.

"We don't believe that investment management is a commodity service," said Meyers. "Our goal is to develop investment products and services that fit the needs of our clients, and to provide a service environment that makes each of our clients feel comfortable and secure."

BankBoston Development Company was formed a year ago as the first bank-owned urban investment bank in America providing equity investments to minority, women-owned and low-to-moderate income area businesses. To date BankBoston Development Company has committed $6.3 million in equity investments and $3.8 million in debt to over 275 businesses, and another $48 million to create affordable housing.

The Meyers Pride Value Fund invests with a value strategy, focusing on undervalued large-cap companies with strong fundamentals. Current holdings include AMR Corp., (parent of American Airlines) (2.28 percent), Sun Micro Systems (2.99 percent), Sears, Roebuck & Co. (3.66 percent), and Amgen, Inc. (3.15 percent). As of March 31, 1998, the fund had a year-to-date total return of 12.25 percent vs. 11.9 percent for the average domestic stock fund as tracked by Morningstar. The total return for the one year period ended March 31, 1998 was 31.48 percent and the average annual return since the Fund's inception on June 13, 1996 was 24.28 percent. The fund is distributed by BISYS Fund Services, LP.

"BankBoston's commitment to invest in our company is a powerful signal to the corporate world," said Meyers. "BankBoston is the country's oldest commercial bank, and a company does not last 214 years in business unless it develops a talent for recognizing underserved and emerging markets. Meyers Capital Management is proud to be associated with an institution like BankBoston because of its progressive diversity policies and senior management's commitment to making the workplace a comfortable and secure one for its gay and lesbian employees. We believe that Meyers Capital Management's leadership in developing investment products and services tailored to the needs of the gay and lesbian community, coupled with the breadth and strength of BankBoston creates a powerful alliance."

"BankBoston has always been an institution that has aligned itself with idealists and visionaries," said Ira Jackson, executive vice president, BankBoston and chairman of the board of BBDC. "When the opportunity presented itself to invest in Meyers Capital and support the Meyers Pride Value Fund, it didn't take us long to make the decision to move forward. Our business strategy and corporate philosophy -- managing for value with values, combined with our core values -- teamwork, integrity, diversity and initiative -- mirror Meyers Capital's mission. We feel this is not only a great business opportunity, but a platform to send a message to other companies that diversity in the workplace is essential for success."

In addition to providing the needed capital to extend the marketing of the Meyers Pride Value Fund, BankBoston Development Company will provide strategic planning, technical assistance and networking opportunities to Meyers Capital Management's team to expand the reach of the fund.

BankBoston (NYSE:BKB), with assets of $71.4 billion as of March 31, 1998, was founded in 1784 and is the 16th-largest bank holding company in the United States. BankBoston offers a full range of banking services to consumers, small businesses and corporate customers in southern New England; delivers sophisticated financial solutions to mid-size and large corporations nationally as well as corporations and governments internationally; and provides full-service banking in leading Latin American markets. The Corporation's common and preferred stocks are listed on the New York and Boston stock exchanges.

The performance figures quoted for the Meyers Pride Value Fund reflect past performance and do not guarantee future results. The investment return and Net Asset Value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Holdings in the fund are as of March 31, 1998 and are subject to change. The total return set forth reflects the waiver of a portion of the fund's fees. Without the waiver of fees the total return would have been lower.

For more complete information on the fund, including fees and expenses, and to receive a prospectus, call the fund at 1-800-410-3337, or visit its Web site at www.pridefund.com. Read the prospectus carefully before you invest or send money.

CONTACT: BankBoston

Diane Greer

781-788-7823

or

Meyers Capital

Elaine Noble/Karen Pratt

617-482-0063

or

Meyers Pride Value Fund

800-410-3337

www.pridefund.com