Credit Suisse Asset Management, LLC Announces the Strengthening of the US Select Equity Team With the Appointment of Sarah Dyer.

Business Editors

NEW YORK--(BUSINESS WIRE)--Aug. 12, 2002

Credit Suisse Asset Management, LLC ("CSAM") announces the appointment of Sarah Dyer as a portfolio manager to the US Select Equity team which currently manages over USD 4.5bn in assets.

Headed by Susan Everly, Director and lead portfolio manager, Ms. Dyer re-joins the team as a Director focusing on investment strategy and institutional clients.

Ms. Dyer joins a team of 5 with 3 portfolio managers including Ms. Susan Everly, Ms. Sheryl Hempel and Ms. Meg Miller. Ms. Dyer re-joins CSAM from Trident Investment Management where she was based from 2000 - 2002. Prior to Trident, Ms. Dyer had worked for CSAM from 1998 - 2000.

Ms. Everly stated, "It is a pleasure to welcome back Sarah to our team. Her breadth of experience and familiarity with a broad range of clients in the US and overseas will assist us with our continued commitment in delivering superior investment performance and client service for our range of US Select Equity products."

Since the launch of the product in May 1995, CSAM's Select Equity composite has returned 14.9% versus a return of 11.4% for the S&P 500 Index, on an annualized basis ending June 2002.

Ms. Dyer's arrival follows the recent appointment of Greg Sawers, who joined the firm as Global Head of Research. The build-out of Research has been a strategic initiative for CSAM, benefiting all its equity strategies.

Credit Suisse Asset Management is the institutional and mutual fund asset management arm of Credit Suisse First Boston, part of the Credit Suisse Group, one of the world's largest financial organizations with approximately USD 839 billion in assets under management. Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in 78 locations in 37 countries across six continents. The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company. For more information on Credit Suisse First Boston, please visit our Web site at http://www.csfb.com.

As of March 31, 2002, Credit Suisse Asset Management employed 2,305 people worldwide and had global assets under management of approximately USD 303 billion. Please note that this is not an offer for advisory services by Credit Suisse Asset Management. For more information on Credit Suisse Asset Management, please visit our Web site at http://www.csam.com.

EDITOR'S NOTE: A full product performance presentation in compliance with AIMR-PPS is available upon request and accompanies this report. The performance results for investment advisory composites are based on the CSAM composite for the asset class described and are for supplemental purposes only. Performance is presented net of investment advisory fees (custody fees are not deducted). CSAM's standard advisory fees are described in Part 2 of its Form ADV. Some composites may include one or more investment companies, for which the net asset value returns are adjusted by deducting annual fees and expenses evenly on a monthly basis. Composite results are asset weighted and expressed in US dollars. Account performance is calculated using a time weighted methodology. Past performance is no guarantee of future performance and individual client results will vary. The S&P 500 is an unmanaged index (with no defined investment objective) of common stocks, includes reinvestments of dividends and is a registered trademark of McGraw-Hill Co., Inc.

                                                       Market  (%) of
       Gross       Net    S&P 500  Number of  Standard  Value    Firm
Year  Return(%) Return(%) Index(b) Portfolios Deviation ($MM)   Assets
----- --------  --------  -------  ---------- --------- ------  ------
1995(a) 28.4       26.8    14.4        1        N/M        18     0.1
1996    29.2       27.5    23.1        5        1.2       319     1.1
1997    33.2       32.2    33.2       29        0.9     1,399     4.2
1998    36.7       35.3    28.8       21        1.3     1,658     4.2
1999    26.5       24.9    21.0       21        1.3     2,699     3.6
2000     5.4        4.0    (9.1)      18        1.4     3,442     3.7

(a) For the period from May 1, 1995 through December 31, 1995.

(b) Not covered by report of independent accountants. See Note 8.

1. Credit Suisse Asset Management, LLC (the "Firm" or "CSAM") is the
successor to Credit Suisse Asset Management, renamed from BEA
Associates ("BEA") in January 1999. In April 1995, BEA acquired
certain assets of CS First Boston Investment Management's U.S.
operation. In July 1999, CSAM acquired and merged with Warburg Pincus
Asset Management, Inc., a registered investment adviser ("WPAM") and
reorganized as a Delaware limited liability company, its current
structure. In November 2000, CSAM acquired and merged with DLJ Asset
Management Group, Inc., a registered investment adviser ("DLJAMG"). As
of December 31, 2000, CSAM's asset management include the combined
assets of CSAM, WPAM and DLJAMG.

2. For the periods from May 1, 1995 through December 31, 2000, CSAM
has prepared and presented this report in compliance with the AIMR -
PPS. AIMR has not been involved with the preparation or review of this
report. A complete listing and description of all composites is
available upon request.

3. Accounts meeting the stated composite criteria are included in that
respective composite in the first full month in which that account is
under management. The Select Equity Composite includes all
discretionary, separately managed, institutional active equity
accounts and mutual fund over $5,000,000 which invest in select larger
company stocks. The inception date of this composite was May 1, 1995.
The Composite creation date was December 31, 1996.

4. This composite contained single asset segments of a balanced
strategy. Cash was actively managed at the appropriate segment level
and included in the returns. This segment represented approximately
55.42% of the US Balanced Composite.

5. The composite results are time-weighted rates of return net of
commissions and transaction costs, and have been presented both gross
and net of investment advisory fees. CSAM values all portfolios daily
and records all transactions on a trade date basis. Monthly composite
returns are calculated by weighting each account's monthly return by
its beginning market value as a percent of the total composite
beginning market value. Annual composite returns are calculated by
linking the monthly returns through compounded multiplication. For
each account in the composite, net of fees rate are calculated by
taking the actual quarterly advisory fee as a percentage of the
account's prior day market value. A composite may include one or more
mutual funds, for which the Net Asset Value Returns are adjusted by
extracting annual fees and expenses on a monthly basis. Performance on
the Composite has been calculated using U.S. dollars. Past performance
is no guarantee of future results.

6. Standard deviation is a measure of composite dispersion, which is
often used in the investment industry as an indicator of risk. The
standard deviation of annual account returns is calculated from the
measurements of variance from the mean annual account return on an
equal weighted basis.

7. The standard fees charged by CSAM applicable to this Composite are
1.00% on the first $5 million, 0.75% on the next $5 million and 0.50%
on the next $40 million of assets at market value. Fees may be
negotiated in lieu of the standard fee schedule. Mutual fund fees may
be higher than the standard fee schedule. Certain accounts which are
co-managed with other CSAM affiliates may apply a model fee (based on
the highest fee) to calculate net of fee rates of return. There are no
non-fee paying accounts in this Composite.

8. The benchmark for the Composite is the Standard & Poor's 500 Index.
This index covers 500 industrial, utility, transportation, and
financial companies of the United states markets. The index represents
about 75% of the New York Stock Exchange market capitalization and 30%
of the New York Stock Exchange issues. It is a capitalization weighted
index calculated on a total return basis with dividends reinvested.