Montgomery Asset Management Appoints Chief Information Officer

Business Wire, July 13, 1998

SAN FRANCISCO--(BUSINESS WIRE)--July 13, 1998--Montgomery Asset Management announced today that Cynthia Boucher joined the organization as Corporate Vice President and Chief Information Officer.

In this position, Boucher will oversee all aspects of the organization's Information Technology function.

"We are delighted to welcome Cynthia to Montgomery," said Mark Geist, President of Montgomery Asset Management. He added, "We have a strong commitment to maintaining state-of-the-art information systems to facilitate the growth of our firm. Cynthia's years of experience in corporate information services will bolster our efforts toward expanding our technology infrastructure."

Boucher comes to Montgomery Asset Management from Sega Game Works in Universal City, California, where she served as Director of Information Technology. Her previous experience includes executive positions in information technology with Montgomery Securities, Decision Technologies and Coopers and Lybrand. Boucher holds a Bachelor's degree from Syracuse University.

A subsidiary of the Commerzbank Group, Montgomery Asset Management, LLC manages a family of 20 no-load mutual funds known as The Montgomery Funds and a new family of load funds known as The Montgomery Partners Series. The firm manages more than $10 billion for individuals and institutions around the world.

    CONTACT: Montgomery Asset Management
              Pete Greenley, 415/248-6172
              pgreenley@montgomeryasset.com