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CIGNA Enhances Investment Line-Up for Defined Benefit Plans; Adds 14 New Options

HARTFORD, Conn., Nov. 25 /PRNewswire/ -- CIGNA has added 14 new investment options to its "Multi-Manager Investment Matrix" for defined benefit plan sponsors, it was announced today by Joe O'Rourke, senior vice president, CIGNA Retirement & Investment Services. The new options are all institutional separate accounts.

"This significant expansion of our already extensive array of investment offerings provides our clients with added flexibility in customizing asset diversification and allocation strategies to meet the specific needs of their plans," said O'Rourke. The new investment accounts bring to 44 the number of options available in the matrix, said O'Rourke. There are 28 institutional funds and 16 mutual funds.

O'Rourke said the new options cover the spectrum of domestic and international fixed income, equity and balanced categories and include funds managed by CIGNA's Investment Management department and by outside investment firms including Fiduciary Trust International, INVESCO, Lazard Freres, Putnam Investments and State Street Global Advisors.

The new investment options (and managers) include:
 Fixed Income


GC Bond Index -- Add value over the performance of the Lehman Brothers

Government/Corporate Bond Index (State Street Global Advisors)

Intermediate Bond Index -- Add value over the performance of the Lehman

Brothers Intermediate Government/Corporate Bond Index (State Street

Global Advisors)

CIGNA Multi-Sector Bond -- A "fund of funds" investing in an array of

domestic and foreign fixed income separate accounts managed by CIGNA

Global Fixed Income -- A "fund of funds" investing in foreign and

domestic fixed income securities (CIGNA)
 Equity


Lazard Freres Equity -- Bottom-up value style (Lazard Freres)

Core Growth Equity -- Large Cap focus (Putnam Investments)

Russell 3000 Index -- Tracks performance of the Russell 3000 Index (State

Street Global Advisors)

Small Cap-Risk Controlled -- Combines traditional stock selection and

quantitative approach. (INVESCO)

Small Cap-Active Management -- Uses a bottom-up stock picking

approach (Fiduciary Trust International)

EAFE Index -- Tracks performance of the EAFE Index (State Street Global

Advisors)

Enhanced International Equity -- A "fund of funds" with a static mix of

85% of CIGNA's international equity separate account and 15% of its

emerging markets separate account.
 Balanced/Asset Allocation


Three CIGNA Strategic Portfolios are offered. They are a family of funds comprised of distinct, multi-asset class and multi-manager portfolios:

Conservative Strategy -- Normally 60% fixed income and 40% equity.

Moderate Strategy -- Normally 55% equity and 45% fixed income.

Aggressive Strategy -- Normally 70% equity and 30% fixed income.

CIGNA Retirement & Investment Services, a CIGNA company, manages more than $38 billion in pension and 401(k) plans for six million people at more than 5,000 U.S. organizations. Nearly $19 billion of assets are managed for defined benefit pension plan sponsors. CIGNA Corporation (NYSE: CI), with assets of more than $96 billion, offers financial services to individuals and companies worldwide.

SOURCE CIGNA
 -0- 11/25/96


/CONTACT: Joe O'Rourke of CIGNA, 860-725-2939, or Jeff Close of Access Research, 860-688-8821/

(CI)

CO: CIGNA ST: Connecticut IN: INS SU: PDT

DP-SB -- NEM015 -- 3505 11/25/96 08:59 EST http://www.prnewswire.com
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Date:Nov 25, 1996
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