Thrivent Investment Management's Recently Launched Asset Allocation Funds and Portfolios Reach $1 Billion.

MINNEAPOLIS -- Just months after their launch in summer 2005, Thrivent Investment Management's four asset allocation funds and portfolios have surpassed $1 billion in assets. The asset allocation funds and portfolios invest in underlying Thrivent mutual funds and portfolios to provide investors with a ready-made asset allocation based on their risk temperament. Thrivent Investment Management is a subsidiary of Thrivent Financial for Lutherans.

"Investors increasingly want simplicity, especially when it comes to choosing from the abundance of mutual funds available to them," said Nikki Sorum, senior vice president, Marketing and Investment Products. "We knew that these funds would be popular when we launched them, but this level of success has dramatically surpassed our projections. Our members really appreciate being able to achieve asset allocation, diversification and reallocation in a single fund."

Thrivent Investment Management's asset allocation funds feature active management by the Thrivent Investment Strategy Committee led by Chief Investment Officer Russell Swansen, which reviews the funds' and portfolios' allocations quarterly and may revise them based on changing market and economic conditions. The four funds are: Thrivent Aggressive Allocation Fund, Thrivent Moderately Aggressive Allocation Fund, Thrivent Moderate Allocation Fund, and Thrivent Moderately Conservative Allocation Fund.

Asset allocation funds are growing in popularity with investors. According to Strategic Insight, a mutual fund management and consulting firm, these types of funds attracted about $51 billion in new money in 2005, a 15.8 percent increase from 2004.

The four asset allocation mutual funds are offered through Thrivent Financial's network of 2,500 registered representatives. These representatives also offer a broad range of other financial products and services, including life insurance, annuities, disability income insurance and more.

Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the investment company which investors should read and consider carefully before investing. To obtain a prospectus contact a registered representative or visit www.thrivent.com.

About Thrivent Investment Management

Thrivent Investment Management is a wholly owned subsidiary of Thrivent Financial for Lutherans, a not-for-profit Fortune 500 financial services organization helping 2.8 million members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and needy individuals. For more information, visit www.thrivent.com.

Securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN, 55415-1665, 1-800-THRIVENT (1-800-847-4836), a wholly owned subsidiary of Thrivent Financial for Lutherans. Member NASD. Member SIPC.