STATE STREET RESEARCH SPONSORS HOFFA SCHOLARSHIP DINNER

The James R. Hoffa Memorial Scholarship Fund was created in 1999, to honorthe memory of the former Teamsters General President, and to increase thefunding available for the education of Teamster family members. Since itsinception, the scholarship fund has quadrupled the initial funding and willgrant scholarships totaling $300,000 in 2001.

The Fund distributes seventy-five scholarships annually. Children ofTeamster members compete in one of the five geographic regions where thelocal union is located. Twenty-five of the awards, five per region, total$10,000 each. These four-year scholarships are disbursed at the rate of$2,500 per year and are renewable annually. Fifty of the awards, ten perregion, are one-time $1,000 grants. These scholarships are disbursed to thecollege or university at the beginning of the recipient's freshman year. "We are pleased to support such a meaningful fundraiser which benefits somany college-bound seniors," said Kevin Wilkins, Executive Vice PresidentHead of State Street Research Investment Services. "Our attendance at thisevent provides us with an opportunity to reinforce our relationships withparticipating employers and plan sponsors in the Supplemental Income 401(k)Plan that we manage. Overall enrollment in this program continues to growand we look forward to introducing State Street Research to other interestedparticipants."

State Street Research has actively managed money for Taft-HartleySupplemental Income 401(k) Plan since January 1999. This Plan is thelargest multi-union, collectively bargained Taft-Hartley 401(k) Plan in thecountry with over 13,000 participants and offers simple, systematic pre-taxsavings through payroll deductions.

State Street Research & Management Company, with a money managementhistorydating back to 1924, is one of the nation's first investment managementorganizations. The Boston-based firm is a subsidiary of MetLife, one of theworld's largest financial services companies. As of March 31, 2001, StateStreet Research managed $48 billion in assets, of which over $31 billionrepresented institutional clients and $17 billion represented mutual fundand variable annuity portfolios. The firm manages money for 11 of the 15largest U.S. corporate pension plans (as reported in the 2001 MoneyManagement Directory), union programs, public employee pension plans, mutualfunds for over 530,000 shareholder accounts, as well as individually managedaccounts for affluent investors. The firm's Web site address iswww.ssrfunds.com.