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THE BOSTON COMPANY TOPS $100 BILLION MILESTONE IN MUTUAL FUNDS CUSTODY, ADMINISTRATION

 THE BOSTON COMPANY TOPS $100 BILLION MILESTONE
 IN MUTUAL FUNDS CUSTODY, ADMINISTRATION
 BOSTON, Jan. 27 /PRNewswire/ -- The Boston Company announced today its Investor Services Group has passed the $100 billion benchmark in mutual fund assets under custody and administration, calling it "a major milestone on a road to significant growth."
 The growth, spurred by a $19 billion increase over the last 12 months, makes The Boston Company the industry's largest third-party fund administrator and the third largest custodian of mutual fund assets.
 "We're pleased to have earned the respect and confidence of the marketplace with a strategy combining state-of-the-art technology and superior people with the added value of an array of administrative services available through The Boston Company," said Peter Gallary, president of the Investor Services Group.
 The mutual fund industry continues to sustain its growth despite slack times for the world economy, with funds under management nationwide hitting a record $1.316 trillion in November 1991, the latest figures available from the Investment Company Institute.
 "Based on this pace, our $100 billion volume mark is a major milestone on a road to significant growth," said Gallary.
 The Investor Services Group provides administrative, fund accounting and global custody services to registered investment companies, limited partnerships, unit investment trusts and other pooled investment vehicles. It services 435 of the approximately 3,300 mutual funds in the United States.
 Noting that steady growth in the mutual funds market has spurred competition for fund administration, Gallary said the differentiating factors in choosing administrators will be the breadth of services offered and the quality of service rendered.
 "We firmly believe one of the industry trends points toward the increased use of third-party administrators, which is why we offer legal staff, fund treasury services, and quarterly and annual report publications," said Gallary.
 "But the edge will go to those with the highest quality of client service. It's our people -- their knowledge, enthusiasm and work ethic -- who built the business and will keep growing it. We believe our client service to be the industry benchmark by which our competition should be judged."
 The Boston Company, an international financial services firm founded in 1865, also offers institutional and individual trust, custody and asset management through its offices in Boston, New York, California and London. The Boston Company is a wholly owned subsidiary of Shearson Lehman Brothers Holdings, Inc., an American Express Company.
 -0- 1/27/92
 /CONTACT: Joan Kozon of The Boston Company, 617-248-6173/ CO: The Boston Company ST: Massachusetts IN: FIN SU:


DH-SH -- NE005 -- 4124 01/28/92 10:02 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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