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SEI FUNDS BUSINESS TOPS $30 BILLION IN MANAGED ASSETS, INCLUDING 133 PERCENT GROWTH IN CLIENT BANK FUNDS IN 1992

 /REPEATING FROM MONDAY FOR POINTS AS NEEDED/
 WAYNE, Pa., Jan. 11 /PRNewswire/ -- SEI Corporation (NASDAQ: SEIC)


announced that 146 mutual fund portfolios for which the Wayne firm serves as administrator/distributor exceeded $30 billion on Jan. 4.
 These assets under management include $16.5 billion invested in SEI's own family of institutional funds as well as $14 billion in bank proprietary funds.
 During 1992 SEI experienced tremendous growth in its bank proprietary funds business, becoming one of the industry's largest providers of mutual fund distribution, marketing, recordkeeping, operations, and administration services to banks. With the addition of six new proprietary fund clients last year, the investment services firm's proprietary fund assets climbed from $6 billion at year-end 1991 to $14 billion today, a significant increase of 133 percent.
 "The response to our investment management service offerings has been overwhelming," said Richard B. Lieb, executive vice president and head of SEI Investment Services. "It is testament to our strong commitment to helping our bank clients successfully grow assets and increase fee-based income."
 Among SEI's bank proprietary funds clients are some of the nation's largest complexes, including Banc One's Helmsman Fund, Midlantic National Bank's Compass Fund, First Fidelity's Lexicon Fund, CoreStates' CoreFunds, and SunTrust's Classic Funds.
 With more than 500 institutional investor clients, SEI's own family of institutional funds grew from $13.5 billion at year-end 1991 to $16.5 billion currently, an increase of more than 22 percent. SEI's funds are managed by independent investment advisors who are selected and continuously monitored by SEI Capital Placements Research, the industry's leading provider of manager selection and placement services.
 SEI integrates financial products and programs, business/marketing consulting, and advanced technology to provide bank-wide, packaged solutions to help banks grow profitably in retail; private and commercial banking; and personal, institutional and corporate trust.
 -0- 1/11/93 R
 /CONTACT: Bill Saunders of SEI Corp., 215-254-1338/
 (SEIC)


CO: SEI Corporation ST: Pennsylvania IN: FIN SU:

MJ-CC -- PHM013 -- 3936 01/12/93 10:45 EST
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Date:Jan 12, 1993
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