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Margaret Kirch Cohenmargaret.cohen@morningstar.com
PNC Advisors to Offer Morningstar ClearFuture Online Investment Advice to Retirement Plan Participants

CHICAGO, May 28, 2002 – PNC Advisors, a member of The PNC Financial Services Group, Inc. (NYSE: PNC), has entered into an agreement with Morningstar Associates, LLC, a wholly owned subsidiary of Morningstar, Inc., to offer investment advice over the Web. Effective Sept. 1, 2002, PNC Advisors' institutional clients who use the Vested Interest product for their defined contribution plans may choose to make Morningstar® ClearFuture® available to their plans' participants. 

This Web-based service, designed to guide retirement plan participants through the critical aspects of retirement planning and decision making, will be offered via PNC's Web site for Vested Interest plan participants, accessible at pncadvisors.com.

Morningstar ClearFuture helps participants to set goals, choose an appropriate asset allocation mix for their plan assets, select specific securities, and determine the level of contributions necessary to meet their retirement needs. ClearFuture allows participants to create an investment plan that incorporates all of their assets, including assets outside of their retirement accounts. 

"We have always given employee education a high priority at PNC, and Morningstar ClearFuture allows us to take our education program one step further," said Arlene Yocum, managing executive of PNC Advisors Institutional Investment Group. "In a highly customized, online environment, the Vested Interest plan participants will learn how to make smarter investment choices for their futures. We're pleased to be able to offer this important service to them," she said.

"PNC Advisors conducted a thorough review of retirement advice providers, and we are delighted that they have selected Morningstar ClearFuture," said John Rekenthaler, president of Morningstar Associates, LLC. "Morningstar and PNC Advisors are both extremely focused on education and effective adoption and participation. We look forward to working together to help participants create well-diversified portfolios to meet their financial goals. " 

About Morningstar Associates, LLC and Morningstar, Inc.
Morningstar® ClearFuture®, an investment education, research, guidance, and online advice service, is currently available to about 19,000 corporate retirement plans throughout the United States -- more than any other advice provider. Morningstar ClearFuture is provided by Morningstar Associates, LLC, a registered investment adviser and a wholly owned subsidiary of Chicago-based Morningstar, Inc., a global investment research firm. The financial data and methodology used in ClearFuture are proprietary to Morningstar, Inc., and/or Morningstar Associates, LLC. 

Chicago-based Morningstar, Inc. provides financial data, research, online advice, consulting services, and investment solutions for individuals, financial advisors, institutions, and the media worldwide. Morningstar is a trusted source of investment information and analysis for stocks, mutual funds, exchange-traded funds, closed-end funds, and variable annuities. 

About PNC Advisors
The Institutional Investment Group, with $12 billion in assets under management and $34 billion in assets under administration as of March 31, 2002, is a division of PNC Advisors. There are currently 650 plan sponsors who use Vested Interest as their company's defined contribution retirement savings plan, with over 190,000 plan participants. 

PNC Advisors, which is a service mark of The PNC Financial Services Group, Inc. for investment management, fiduciary and banking services provided by PNC Bank, N.A. and PNC Bank, Delaware (member FDIC) had $60 billion in assets under management as of March 31, 2002. It provides a full range of tailored investment and traditional banking solutions to affluent individuals and families, including full-service brokerage through J.J.B. Hilliard, W.L. Lyons, Inc., a registered broker-dealer and member of NASD, SIPC and NYSE. PNC Advisors also serves as investment manager and trustee for employee benefit plans, and charitable and endowment assets. PNC Advisors currently operates in 19 states and serves over 320,000 clients.

The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional community banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services.

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