Credit Suisse Asset Management Focuses Its Mutual Funds On Financial Advisors; Initiative Includes Enhanced Distribution Strategy and Fund Family Name Change.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 8, 2001

In a move to provide investors and their advisors broader access to its investment strategies, Credit Suisse Asset Management, LLC ("CSAM Americas") today announced plans to enhance its mutual fund distribution strategy and reposition its products in the marketplace.

The plan calls for a shift from selling directly to individual investors to selling through third party financial intermediaries. In addition, the mutual funds will be renamed to Credit Suisse Funds to reinforce their brand identity and association with Credit Suisse Group, one of the world's preeminent financial institutions.

In making the announcement, Jim McCaughan, CEO of CSAM Americas, said, "This move signals our commitment to the advisor market and leverages the strengths of the firm, including a high-knowledge investment approach, a broad product range and ongoing success in the managed account and institutional areas."

McCaughan also called this step a natural progression in focusing the mutual fund distribution strategy following the successful integration of the Warburg Pincus Asset Management and DLJ Asset Management units.

This shift, which means the firm's retail mutual funds will be changed from a no-load to a load structure, allows the Credit Suisse Funds to appeal to a wider audience of investors, and responds to recent market demands by financial advisors for greater access to investment vehicles. Existing fund shareholders of record as of December 12, 2001 will generally maintain their current purchase, exchange and redemption privileges.

In an effort to better reflect the Credit Suisse Group brand heritage and the firm's disciplined investment capabilities and global resources, the fund names will be changed from Credit Suisse Warburg Pincus Funds to Credit Suisse Funds. The Credit Suisse Funds name will be effective on or about December 12, 2001. As part of this move, certain fund names will be altered to more accurately describe their investment discipline.

Credit Suisse Asset Management is the institutional and mutual fund asset management arm of Credit Suisse Group, one of the world's largest financial organizations with approximately USD 807 billion in assets under management. As of June 30, 2001, Credit Suisse Asset Management, employed 2,362 people worldwide and had global assets under management of approximately USD 280 billion. Please note that this is not an offer for advisory services by Credit Suisse Asset Management.

Fund shares are not deposits or other obligations of CSAM Americas. For more complete information about each fund, including charges and expenses, please call 1 [phone] for a Prospectus, which should be read carefully before investing. Credit Suisse Asset Management Securities, Inc., distributor.