Corporacion Andina De Fomento Selects PORTIA as Portfolio Management Solution.

BOSTON--(BUSINESS WIRE)--August 26, 1998--

Agreement Demonstrates PORTIA's Focus on Venezuelan and Greater Latin American Marketplace

Thomson Investment Software (TIS), the leading provider of high-quality, flexible software and services to the global investment community, today announced that it has licensed its global portfolio management solution - PORTIA(R) - to Corporacion Andina de Fomento (CAF), a Caracas, Venezuela-based supra-national financial institution with assets exceeding $4.3 billion. Terms of the agreement were not disclosed.

CAF was seeking an industry-proven portfolio management solution to replace its current system to streamline its operations and improve its reporting and analytical capabilities. CAF knew PORTIA was a proven, reliable solution because three of CAF's member countries - Bolivia, Ecuador and Venezuela - currently use PORTIA to manage their international reserves. CAF chose PORTIA for many reasons, including its scalable and open architecture, customization abilities, what-if scenarios and real-time information. PORTIA's offices throughout Latin America and dedicated, 24-hour customer service were also important deciding factors.

"We were looking for a portfolio management system to support our growing liquid assets portfolio and make it as profitable and efficient as possible. We looked closely at Kondor Plus, Opix, and SIF, and narrowed the search down to both PORTIA and CAMRA. PORTIA's entrenched Latin American presence really tipped the scale and made PORTIA the ideal solution, " said Eleonora Silva, treasurer for CAF. "They really understood our business, and PORTIA promised to grow with us due to the system's scalable technical environment and inherent flexibility. It also helped that PORTIA services Latin American customers similar to CAF, as well as many central banks throughout the region."

"We are extremely pleased to welcome CAF into our growing family of important and diverse clients in Venezuela and throughout Latin America. We've invested significant resources in the strategic growth of our Latin American operations. As this market develops, financial institutions such as CAF require more sophisticated tools to compete effectively in the global marketplace. PORTIA will help CAF achieve its goals." said Mike Oleksak, PORTIA sales manager for Latin America.

PORTIA has made a major commitment to the Latin American market, opening regional offices in Buenos Aires, Mexico City and Sao Paulo.

PORTIA is the investment industry's leading portfolio management system, automating the trading, analysis and operations of more than US$3 trillion in assets for approximately 400 money managers in 38 countries worldwide. It is well known in the market for its robust functionality and innovative use of scalable client/server technology that utilizes the Sybase Adaptive SQL Server relational database. PORTIA is designed specifically for firms with large data volumes and sophisticated data integration requirements.

PORTIA is the flagship product of Thomson Investment Software (TIS), which offers a range of high-quality, flexible software and services that enhance investment management and operations. PORTIA and TradeView currently have nine offices around the world, including Boston, Buenos Aires, Hong Kong, London, Melbourne, Mexico City, Sao Paulo, Singapore and Sydney.

Corporacion Andina de Fomento (CAF) is a supra-national financial institution, which promotes sustainable development, and regional integration by attracting capital resources for the provision of multiple financial services to the public and private sectors of the shareholders countries. CAF is a competitive and client-oriented financial institution sensible to social needs and supported by a highly skilled staff. Principal members are Bolivia, Colombia, Ecuador, Peru and Venezuela.

TIS is a unit of Thomson Financial Services, a leading provider of information services and work solutions to the worldwide financial community. TFS employs more than 6,000 people in more than 40 locations dedicated to the success of our clients and is part of The Thomson Corporation. With revenues approaching US$6 billion, The Thomson Corporation is one of the world's leading information and publishing companies. TTC's common shares are quoted on the Toronto, Montreal and London stock exchanges. For more information, visit the TFS web site at www.tfn.com.

    CONTACT: PORTIA & TradeView
              Heidi Unruh, [phone]
              [e-mail]