AGE Edwards AG

A.G. Edwards Subsidiary to Subadvise Three ETF Portfolios for College Savings Plan ST. LOUIS, June 13 /PRNewswire-FirstCall/ -- Gallatin Asset Management, a wholly owned subsidiary of St. Louis-based financial services firm A.G. Edwards, Inc. (NYSE:AGE), has been chosen to provide a trio of investment portfolios for the newly re-launched 529 Plan for the state of Missouri. The Missouri Saving for Tuition Program -- commonly known by the acronym MOST -- will be managed by Upromise Investments, Inc., and Gallatin will be one of 10 investment firms who are providing a combined total of 24 investment options for participants in the state's advisor-sold college savings program. "We are pleased to have the opportunity to help parents and grandparents save for the educational future of their children and grandchildren through the new Missouri college savings program," said Peter Miller, chairman of Gallatin Asset Management. "We're honored that State Treasurer Sarah Steelman selected us to participate in this program, especially considering it is the college savings plan for our home state of Missouri." Launched in the fall of 2005, Gallatin Asset Management provides portfolio management and investment advisory services, typically in a subadvisor capacity. The firm will offer three exchange-traded fund (ETF) portfolios, with different investment objectives, for MOST investors to choose from. Options include Cyclical Growth with Income, Cyclical Growth, and Cyclical Aggressive Growth portfolios. The portfolio options offered by Gallatin consist primarily of exchange- traded funds, but may also include a limited number of fixed-income mutual funds as well. Increasingly popular because of their unique cost structure and diversity, ETFs provide a simple way for investors to construct a well- balanced portfolio. As with other 529 savings plans, the Missouri program is open to investors nationwide. Missouri residents, however, may be eligible for state tax deductions for their contributions to the plan -- up to $8,000 annually for individuals, to be exact, or as much as $16,000 for married couples filing jointly. There are no income limits to participate, and plan funds can be applied to any accredited college. Investors in other states should consider the tax or other benefits of their own state's plan. An investment in a 529 plan will fluctuate, and may be worth more or less than the original investment upon redemption. Investors should carefully consider the investment objectives, risks, charges and expenses of a 529 plan prior to investing. This and other important information can be found in the official offering statement, which can be obtained from an A.G. Edwards financial consultant. Please read the official statement carefully prior to investing. About A.G. Edwards, Inc. Drawn to the firm's client-first philosophy, individuals and businesses have turned to A.G. Edwards for sound advice and access to a wide array of investment products and services that can help them meet their financial goals and objectives. Founded in 1887, A.G. Edwards and its affiliates employ nearly 7,000 financial consultants in more than 700 offices nationwide and two European locations in London and Geneva. More information can be found on http://www.agedwards.com/ . How A.G. Edwards does business Gallatin Asset Management, a wholly owned subsidiary of A.G. Edwards, Inc., provides asset management and advisory services to high net worth individual and institutional investors. A.G. Edwards & Sons, Inc., also a subsidiary of A.G. Edwards, Inc., generally acts as a broker-dealer, but may act as an investment advisor on designated accounts, and the firm's obligations will vary with the role it plays. When working with clients the firm generally acts as a broker-dealer unless specifically indicated in writing. To better understand the differences between brokerage and advisory services, please consult "Important Information About Your Relationship With A.G. Edwards" on http://www.agedwards.com/disclosures . A.G. Edwards & Sons, Inc. Member SIPC DATASOURCE: A.G. Edwards, Inc. CONTACT: Byron Goodrich of A.G. Edwards, Inc., +1-314-955-3235, Web site: http://www.agedwards.com/

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