Credit Suisse Asset Management, LLC Appoints Lori Cohane, Managing Director of Tax-Advantaged Fixed Income Products for High Net-Worth investors.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 21, 2002

Frank Biondo and Maureen Grover further additions to the team

Credit Suisse Asset Management, LLC ("CSAM Americas") announces today the appointment of Ms. Lori Cohane as Managing Director, Portfolio Manager responsible for tax-advantaged fixed income products for high-net worth investors.

Ms. Cohane joins CSAM Americas from Morgan Stanley Investment Group where she was Executive Director and Head of Fixed Income Portfolio Management. In addition, two former colleagues, Frank Biondo and Maureen Grover join Ms. Cohane.

Frank Biondo joins as Vice President Portfolio Manager from UBS Global Asset Management. Mr. Biondo has over 11 years experience in the industry having worked previously for Morgan Stanley and Salomon Smith Barney and is a chartered financial analyst.

Maureen Grover joins as Vice President in charge of Client Services from Morgan Stanley with over 20 years experience in client servicing and asset management. Mr. Biondo and Ms. Grover will report directly to Lori Cohane.

"Our decision to appoint Lori is a clear reflection of our continued commitment to our high-net worth investors by identifying and offering the best financial solutions possible. We are delighted to welcome Lori and her team to CSAM and are confident that we will be able to grow this very important part of the business " stated Jeff Peek, Vice Chairman of CSFB.

Prior to CSAM, Ms. Cohane joined Morgan Stanley Investment Group in 1994. From 1986 to1994, Ms. Cohane was Vice President, Porfolio Manager and Senior Credit Analyst of municipal bond portfolios at Salomon Brothers Asset Management.

Notes to editors:

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 over 89 locations across more than 37 countries on 6 continents. For more information on Credit Suisse First Boston, please visit our Web site at http://www.csfb.com.

As of March 31, 2001, 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.