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Margaret Kirch Cohenmargaret.cohen@morningstar.com
Scudder Retirement Services Selects Morningstar as Retirement Planning Provider

CHICAGO, Nov 15, 2002 – Scudder Retirement Services (SRS) has selected Morningstar Associates, LLC, as its online retirement planning provider. SRS will offer the research, education, and guidance modules of Morningstar® ClearFuture®, a comprehensive investment planning service, to its full-service plan sponsor clients in the mid-large market, representing 400,000 participants. Additionally, SRS will offer Morningstar ClearFuture investment advice to its clients on a plan-by-plan basis.

According to Mike Volo, director of marketing for Scudder Retirement Services, "Our research shows that the vast majority of plan sponsors are uneasy and find the advice issue too complex. By offering Morningstar ClearFuture, we are helping to ease the burden by providing a myriad of guidance and education tools online. We're providing our clients with a value-added tool that is easily integrated into our simple three-step process first introduced in the Scudder University education program. Morningstar ClearFuture is a complete tool that provides participants with information designed to help make smarter investment decisions."

"Earlier this year we announced an agreement with Scudder to deliver investment planning tools to its financial advisors, and we are pleased to expand our relationship to bring sophisticated retirement planning tools to thousands of investors," said John Rekenthaler, president of Morningstar Associates. "Scudder Retirement Services and Morningstar share common philosophies. We look forward to working together to help people make sense of the choices in their retirement plans and to build better portfolios to reach their financial goals."

Morningstar ClearFuture offers online investment education, research, guidance, and advice services for all levels of investors. ClearFuture gathers detailed financial information from participants to provide investment suggestions for their retirement plans. Basing its analysis on both retirement and nonretirement assets, ClearFuture offers participants such tools as personalized goal planning, retirement income analysis based on enhanced simulations, and an innovative "bear market simulator" that tests risk tolerance.

Morningstar ClearFuture is currently available to more than 3.5 million participants through more than 29,000 corporate and public sector retirement plans throughout the United States.

About Scudder Retirement Services
As part of Scudder Investments, Scudder Retirement Services has been servicing defined contribution plans since 1984. With total assets under management of approximately $30 billion (as of June 30, 2002), it administers more than 17,000 defined contribution plans including 401(k), 403(b), Profit Sharing, Money Purchase Pension plans, and more. 

About Scudder Investments
Scudder Investments is the U.S. retail brand for Deutsche Asset Management. With approximately U.S. $800 billion (as of June 30, 2002) in assets under management, Deutsche Asset Management is one of the world's leading investment management organizations not just in size, but in quality and breadth of investment products and client service. Deutsche Asset Management is geographically divided into three regions - the Americas, Europe and Asia Pacific, providing a broad range of investment management products across the risk/return spectrum. All of our products are managed for consistency, and with a goal of competitive, long-term, risk-adjusted performance.

Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Fund shares involve investment risk, including possible loss of principal.

About Morningstar, Inc. 
Morningstar, Inc. is a global investment research firm that provides financial data, research, online advice, consulting services, and investment solutions for individuals, financial advisors, institutions, and the media. Morningstar is a trusted source of investment information and analysis for stocks, mutual funds, exchange-traded funds, closed-end funds, and variable annuities. Morningstar tracks nearly 100,000 securities worldwide.

Morningstar® ClearFuture® is provided by Morningstar Associates, LLC, a registered investment adviser and a wholly owned subsidiary of Morningstar, Inc.The financial data and methodology used in ClearFuture are proprietary to Morningstar, Inc., and/or Morningstar Associates, LLC.

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