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SUPERVISED SERVICE COMPANY SUCCEEDS INVESTORS FINANCIAL SERVICES CO; NEW ENTITY PREPARES TO MARKET TRANSFER AGENT SOFTWARE TO NICHE MARKETS

 KANSAS CITY, Mo., Jan. 14 /PRNewswire/ -- Investors Financial Services Company today announced that effective immediately it will change its name to Supervised Service Company, Inc. and begin to more aggressively market its Multiple Asset System (MAS) software to the mutual fund industry.
 Investors Financial Services Company was established in 1991 after acquiring the AT&T American Transtech mutual fund transfer agency business. Included in this acquisition was the firm's Multiple Asset System, the first customer-centered transfer agent software in the industry.
 "The name change to Supervised Service Company, Inc. (SSC) better reflects the nature and long-term historical roots of our business. The name was actually adopted from a previous affiliate company known as Supervised Investors Services, a firm that worked to enhance and develop a number of professionally managed mutual funds," said Robert Ciarlelli, president of Supervised Service Company, Inc. "Now, after a year of upgrading MAS, the company has repositioned itself for broader appeal and is prepared to market MAS with an initial focus on the emerging bank mutual fund market."
 The operating efficiency and quality of MAS software will be a key selling point. MAS is an innovative new software system designed for the mutual fund industry. Supervised Service Company, Inc. currently is installing the software at Kemper Service Company, the transfer agent for Kemper Financial Services, Inc., one of the nation's largest money managers. Other clients include major mutual fund sponsors and the banking industry.
 MAS provides clients with a broad range of product and option selections that may be tailored to their individual needs. The software integrates the total shareholder accounting function into a single, well-conceived processing environment.
 Supervised Service Company, Inc. employs approximately 140 individuals and supports mutual fund assets of about $300 billion which is representative of about 6.6 million shareholder accounts. The company provides transfer agency, record keeping, shareholder services and software applications to mutual fund companies, financial services firms, and financial institutions. In addition to the Kansas City operations and systems production office, the company also has a software development facility located in Boston.
 -0- 01/14/93
 /CONTACT: Marilyn Morrison, 312-499-8467, or Steve Radis, 312-499-8393, both of Kemper Financial Services/


CO: Investors Financial Services Company ST: Missouri IN: FIN SU:

AH -- NY025 -- 4813 01/14/93 11:01 EST
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Publication:PR Newswire
Date:Jan 14, 1993
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