Fitch Rates BNY Hamilton Treasury Money Fund 'AAA/V1+'

Business Wire, Nov 13, 2006

NEW YORK -- BNY Hamilton Treasury Money Fund was assigned a money market fund rating of 'AAA/V1 ' on Nov. 9, 2006 by Fitch Ratings. The rating reflects the fund's high credit quality, conservative investment policies, and strong ability to provide shareholders with a constant $1.00 per share valuation. Portfolio valuation reports are submitted to Fitch weekly.

The investment objective of the fund is to provide a high level of current income consistent with the preservation of capital and maintenance of liquidity. The fund pursues its objective by investing in short-term obligations of U.S. Treasury and repurchase agreements secured by such obligations.

Fitch assigns the 'V1 ' volatility rating to distinguish money market funds that will maintain stable principal values from bond funds that experience fluctuating net asset values (NAV) but nevertheless carry 'AAA' credit ratings and/or 'V1' volatility ratings. Bond funds are rated on a scale from 'V1' (least volatile, but still displaying NAV variability) to 'V10' (most volatile).

The fund's investment advisor is BNY Asset Management, the investment management division of The Bank of New York. The Bank manages $119 billion in assets, including over $30 billion in money market assets.

For more information, please look for the BNY Hamilton Treasury Money Fund Profile to be published shortly on the Fitch Ratings web site www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.