Berger Financial Group & INTECH Announce Key Additions to Institutional Marketing Group; New Taft-Hartley Services Team to Support Expanded Effort.

Business Editors

DENVER--(BUSINESS WIRE)--May 23, 2002

Berger Financial Group LLC and INTECH (a Berger Financial Group Company) today announced the addition of a new Taft-Hartley Services Team to their Institutional Sales and Marketing efforts. Mark Cordone, Carl Zangardi, and Jim McHugh will make up the team.

Berger Financial Group LLC acquired a majority interest in INTECH earlier this year. The addition of this team addresses the fact that over one-third of INTECH's clients represent Taft-Hartley accounts. "The Taft-Hartley team that we've assembled has considerable industry experience in selling to and servicing union funds. Their expertise will be an important asset as we expand this part of our business within the institutional arena," said Berger Senior Vice President of Institutional Marketing, Dave Mertens.

Mark Cordone will serve as Vice President and National Sales Manager, Taft-Hartley Services, managing all aspects of Berger sales and marketing in this channel. He will be responsible for the development, distribution, and servicing of institutional asset management products for Taft-Hartley benefit funds. Prior to joining Berger, Mark was Vice President of Institutional Sales and Marketing for Prudential Investment Management. He has also worked at Sierra Investment Partners, Investment Performance Services, and The Union Labor Life Insurance Company throughout his extensive investment marketing career.

Carl Zangardi and Jim McHugh join INTECH as Vice Presidents responsible for INTECH product support, marketing and sales support and client servicing. In addition to supporting the Taft-Hartley effort at Berger, Carl and Jim will be focusing on establishing a presence for INTECH managed products in the East Coast Public Fund market. "We believe Carl and Jim are among the finest professionals in this business and are fortunate to have them at INTECH. They will substantially increase our ability to service our expanding client base and to support the Berger Financial Group Taft-Hartley and Public Fund effort," said INTECH Chairman and CEO, Bob Garvy.

Prior to joining the firm, both served as Vice President of Institutional Sales and Marketing for Prudential Investment Management. Carl has been a member of the UFCW, Steelworkers and International Brotherhood of Teamsters (IBT), and also served as chairman of the IBT Local 95 Pension and Health and Welfare funds from 1983 to 1990 where he was plan administrator for both funds during his tenure. Jim was Director of Client Investment Services for HSBC Asset Management Americas, Inc. during his career, and has served as Director of Portfolio Management for PDI Strategies, where he was responsible for asset allocation and balanced investment management for clients at both firms.

Mark Cordone will work out of San Ramon, CA; Carl Zangardi out of Richmond, VA; and Jim McHugh out of Northern New Jersey.

About Berger Financial Group LLC

Berger Financial Group LLC is a manager and distributor of a wide spectrum of investment products designed for both institutional and retail audiences. Berger's product line-up includes mutual fund and separate account management of equity products that utilize value, growth and mathematical strategies. Berger recently acquired Enhanced Investment Technologies LLC (INTECH) and Bay Isle Financial LLC. The newly combined firm now manages more than $15 billion in assets under the Berger Financial Group umbrella (as of 4/30/02). Berger Financial Group LLC is an 87% owned subsidiary of Stilwell Financial Inc.

The SEC requires that the following information be included in this news release: To obtain a prospectus for Berger Funds that contains more complete information including risks, fees and expenses, call 1.800.259.2820. Please read it carefully before you invest or send money. Past performance does not guarantee future results. Berger Distributors LLC (05/02)