STATE STREET RESEARCH SUPPORTS HOFFA AWARDS DINNER

The Bay Area Union Labor Party is honoring Hoffa for his work in bringing unity, pride and strength to the Teamsters since taking office in 1999. Under his leadership, union membership has increased and the union budget is balanced for the first time in nearly ten years. In recognition of this honor, several representatives from State Street Research will attend the awards dinner in San Francisco on March 3. The firm also purchased a two-page advertisement in the program book commemorating this auspicious event.

"State Street Research is proud to offer its congratulations to James Hoffa on receiving this award honoring his determination and commitment to rebuilding and reuniting the International Brotherhood of Teamsters," said Kevin Wilkins, Executive Vice President, Head of Retail Marketing and Client Services Group. "It is a wonderful tribute to a man who has done so much to bring together union members throughout North America."

State Street Research has actively managed money for Taft-Hartley Supplemental Income 401(k) Plan since January 1999. This Plan is the largest multi-union, collectively bargained Taft-Hartley 401(k) Plan in the country and offers simple, systematic pre-tax savings through payroll deductions.

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 December 31, 2000, State Street Research managed $53 billion in assets, of which $34 billion represented institutional clients and $19 billion represented mutual fund and variable annuity portfolios. 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 Web site address is www.ssrfunds.com.