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KEYCORP INTRODUCES FAMILY OF MUTUAL FUNDS

 ALBANY, N.Y., Sept. 29 /PRNewswire/ -- KeyCorp (NYSE: KEY), the $32 billion multi-regional bank holding company known for its strong consumer and small business banking, is now offering to customers a nationwide family of seven new mutual funds called The Victory Funds. This week, one of the funds, The Victory Funds U.S. Treasury Money Market Portfolio, was assigned a Aaa rating by Moody's Investors Service and a AAAm rating by S&P.
 "To keep pace with the growing mutual fund industry and provide customers an expanded scope of services with quality that has become the hallmark of KeyCorp, we are excited about launching The Victory Funds," said Victor J. Riley Jr., chairman, president and chief executive officer.
 Pointing to KeyCorp's recently announced five-year plan, the new mutual funds represent "a prime example of how we are fulfilling our promise to customers and the investment community," Riley said. "This action underscores our commitment to becoming the financial institution of choice for customers, investors and employees," he added.
 The Victory Funds, available through Key Trust and Key Brokerage Company, are grouped in three types of funds -- money market, fixed- income and equity. Key Trust is investment advisor and shareholder servicing agent for the funds. Fidelity Distributors Corp. is the sponsor and distributor of the funds.
 Customers can purchase the seven Victory Funds through their Key Brokerage representative. The minimum initial investment of $500 per fund is one of the lowest minimums in the industry and underscores Key's commitment to the markets it serves. Customers can make additional purchases or redemptions or transfer balances among funds by telephone.
 "The Victory Funds reflect KeyCorp's investment philosophy and style, which combine the best attributes of value investing and growth investing as appropriate to each particular fund's objective," observed John P. Mastriani, president and chief executive officer of KeyCorp's Trust and Investment Management Group.
 Under KeyCorp's new five-year plan, investment activities are being consolidated under a single chief investment officer to assure consistency and continuity. One of the first results of this new strategy is the introduction of The Victory Funds, developed by Executive Vice President and Chief Investment Officer W. Christopher Maxwell, and Executive Vice Presidents C. Lee Liscom, chairman of the Equity Policy Committee, and Peter A. Farrell, chairman of the Fixed Income Policy Committee.
 Maxwell commented, "A great benefit of The Victory Funds is that individuals throughout the country can now share in Key's investment management through a simple investment in our mutual funds."
 KeyCorp's family of mutual funds includes:
 The Victory Funds Money Market Portfolio;
 The Victory Funds U.S. Treasury Money Market Portfolio;
 The Victory Funds Short-Term Government Income Portfolio;
 The Victory Funds Government Bond Portfolio;
 The Victory Funds Corporate Bond Portfolio;
 The Victory Funds New York Municipal Portfolio;
 The Victory Funds Equity Portfolio.
 For further information and a fund prospectus, customers may talk with a Key Brokerage representative to determine their financial needs and goals. Like other mutual funds, The Victory Funds are not bank obligations and are not FDIC-insured. Key Brokerage representatives are conveniently located in most of the 800-plus Key Bank branches. A prospectus may also be obtained by calling 800-539-FUND.
 KeyCorp (NYSE: KEY), with assets over $32 billion, is a multi- regional bank holding company headquartered in Albany, N.Y. As "America's neighborhood bank," KeyCorp avoids overcrowded marketplaces, concentrating its resources in smaller communities. KeyCorp focuses its business on consumers and small to medium-sized commercial enterprises.
 -0- 9/29/93
 /CONTACT: John Drahzal of Key 4?86-8781/
 (KEY)


CO: KeyCorp ST: New York IN: FIN SU: PDT

AR -- CL010 -- 6810 09/29/93 12:09 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
Words:600
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