STATE STREET RESEARCH CEO NAMED TO BOSTON BALLET BOARD OF TRUSTEES

"Based on Dick's demonstrated leadership in the business world, webelieve that he will be an invaluable contributor as a trustee of BostonBallet, and we are delighted to welcome him to the Board," stated SueMcQuay, co-chair of the Ballet's Governance Committee.

Trustees of Boston Ballet are elected to three-year terms. As partof the selection process, Boston Ballet's Governance Committee seeks tonominate individuals who have the ability and willingness to carry out thegovernance responsibilities of a trustee of a substantial non-profitorganization. Trustees are expected to make Boston Ballet a top priority interms of trustee service, including regular attendance at Board meetings,service on one or more committees, and a willingness to serve as chair of acommittee and/or special event. In addition, Trustees are expected to beactive in identifying and attracting new subscribers and benefactors, and inraising funds from new and existing benefactors.

Boston Ballet was founded in 1963 by E. Virginia Williams and was the firstprofessional repertory ballet company in New England. Under the leadershipof Williams and her successors: Violetta Verdy, Bruce Wells, Bruce Marks,and Anna-Marie Holmes, the Ballet's national and international reputationhas continued to grow. The Company too has grown; it now is one of the topfive ballet companies in North America and ranks among the top companies inthe world. Boston Ballet is committed to maintaining a repertoire thatcombines timeless classics such as The Sleeping Beauty, Giselle, and SwanLake with the imaginative visions of today's most innovative choreographers.In preserving the integrity of the classics, the company invites legendarydancers and artists to assist with staging and coaching, and assuring theirtalents and experiences are handed down through the generations.

State Street Research & Management Company, with a money management historydating 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 June 30, 2001, StateStreet Research managed $49 billion in assets, of which over $31 billionrepresented institutional clients and $18 billion represented mutual fundand variable annuity portfolios. The firm manages money for 10 of the 15largest U.S. corporate pension plans (as reported in the 2001 MoneyManagement Directory), union programs, public employee pension plans, mutualfunds for over 576,000 shareholder accounts, as well as individually managedaccounts for affluent investors. The firm's corporate Web site address iswww.ssrfunds.com.