Beardsley Named President of Transamerica Asset Management.

LOS ANGELES--(BUSINESS WIRE)--Dec. 7, 1998--Los Angeles-based Transamerica Life Companies has named Frank Beardsley president of Transamerica Asset Management.

Beardsley, 35, will be responsible for Stable Value Investments, Financial Products and Structured Settlements for Transamerica Asset Management, a leading provider of full-service stable value investment products and municipal investment agreements. He will be based in Los Angeles.

Most recently, Beardsley was vice president of Risk Management for Transamerica Asset Management. Prior to joining Transamerica in 1994, Beardsley played a key role in the capital markets group of National Westminster Bank, where he focused on derivative products. While working as a trader in the New York and Chicago offices of Prime International, an options arbitrage firm, Beardsley gained extensive options trading experience.

Beardsley holds a bachelor of science degree in business administration from the University of Colorado - Boulder.

Transamerica Asset Management, which has grown from $3.5 billion to $18.3 billion in managed assets over the past four years, is a unit of the Transamerica Life Companies.

With $41.2 billion in combined assets and $4.0 billion in combined annual revenues as of Dec. 31, 1997, the six Transamerica Life Companies market life insurance, annuities, mutual funds and other products to help clients achieve financial security.

The companies are subsidiaries of San Francisco-based Transamerica Corp. (NYSE:TA), one of the nation's largest financial services companies, with assets of $51.2 billion and revenues of $5.7 billion as of Dec. 31, 1997.