STATE STREET RESEARCH FUNDS ADDED TO $2 BILLION RETIREMENT PLAN
BOSTON, MA, March 23, 2001- State Street Research & Management Company
announced today that Safeway Inc. has added State Street Research Aurora
Fund to its employees' 401(k) plan. Safeway selected State Street Research
Aurora Fund as an investment option in its $2 billion 401(k) platform
administered by Howard Johnson &Co., the plan's recordkeeper. State Street
Research Aurora Fund is the onlysmall-cap value fund offered through the
plan, which has more than 100,000
eligible participants.
Safeway Inc., headquartered in Pleasanton, California, is one of the largest
food and drug retailers in North America. At the end of December 2000, the
company operated 1,688 stores in the Western, Southwestern, Rocky Mountain,
Midwestern and Mid-Atlantic regions of the United States and in Western
Canada.
"This win is a testament to the long-term performance success of State
Street Research Aurora Fund," said Chris Abbott, Executive Vice President,
Head of Institutional Marketing and Client Service Group for State Street
Research & Management Company. "We are pleased to offer this new investment
option on their retirement platform."
State Street Research & Management Company, with a money management history
dating back to 1924, is one of the nation's first investment management
organizations. The Boston-based firm is a subsidiary of MetLife. As of
January 31, 2001, State Street Research managed $53 billion in assets, of
which $34 billion represented institutional client assets. The firm manages
money for 11 of the 15 largest U.S. corporate pension plans, public employee
pension plans, union programs, individually managed accounts for affluent
investors, and mutual funds for over 530,000 shareholder accounts. The
firm's Institutional Web site address is www.ssrinstitutional.com.
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Note to editors: We are required to include the following information with
our news release:
A prospectus for State Street Research Aurora Fund or State Street Research
International Equity Fund is available through your financial professional
or by calling 1-87-SSR-FUNDS (1-877-8637). The prospectus(es) contain(s)
more complete information, including sales charges and expenses. Please
read the prospectus(es) carefully before investing.
