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Wiesenberger
Lipper

STATE STREET RESEARCH & MANAGEMENT COMPANY APPOINTS PUBLIC RELATIONS MANAGER



BOSTON, MA, December 10, 2001- State Street Research & Management Company, with a history dating back to 1924, announced today that Alyson Riley has joined the firm as Assistant Vice President and Public Relations Manager.

Ms. Riley will be responsible for overseeing various communications programs for State Street Research including the development of public relations strategies and media plans for the firm's people, products and services. She will manage the expansion of the firm's recognition in the industry as well as broaden visibility in the local community. Ms. Riley will serve as spokesperson for the firm as the direct interface with the news media.

"Alyson brings a strong communications background with demonstrated public relations experience to her new position at State Street Research," said Robyn Tice, Senior Vice President, Public Relations. "Her proven financial services expertise combined with her extensive media contacts provide a tremendous asset to our organization."

Ms. Riley joins State Street Research from State Street Corporation where she was Assistant Vice President, Public Relations responsible for developing and executing public relations strategies for the investor services and investment management divisions in support of the corporation's global business objectives. Previously, she was an Account Executive for The Hubbell Group, a full service public relations firm specializing in communications for the financial services industry. Ms. Riley also served as a Multimedia Developer for Interactive Design, Inc. She is a graduate of Ithaca College with a B.S. in corporate communications.

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, one of the world's largest financial services companies. As of October 31, 2001, State Street Research managed $45.5 billion in assets, of which over $28.9 billion represented institutional clients and $16.6 billion represented mutual fund and variable annuity portfolios. The firm has managed money for many of the largest U.S. corporate pension plans for over 30 years. State Street Research also manages individually managed accounts for affluent investors, and mutual funds for over 576,000 shareholder accounts. The firm's Web site address is www.ssrfunds.com.



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