Russell Continues Hiring Push, Supports Growth Across U.S. Mutual Funds Business Channels (Russell.com)

Russell Continues Hiring Push, Supports Growth Across U.S. Mutual Funds Business Channels
Three New Regional Directors Will Serve As Key Contacts For Prospective Advisors

TACOMA, Wash. — Feb. 15, 2005 — Russell Investment Group, a global leader in multi-manager investing, announced the appointments of Matthew Day, Timothy Highland and Russell Romberger as regional directors, responsible for developing relationships with Registered Investment Advisors (RIAs). Day, Highland and Romberger join a growing team of six other directors who create relationships with independent wealth managers. Russell's product solutions include multi-manager mutual funds, separate accounts, mutual fund wraps, wealth management tools, world-class research and institutional client service.

Russell currently works with more than 250 financial intermediaries in the United States, including RIAs, and financial representatives from Northwestern Mutual, A.G. Edwards and Raymond James. Russell's U.S. Individual Investor Services business, with more than $21 billion in assets under management as of Dec. 31, 2004, has grown more than 80 percent in the past two years, and Russell is seeking to expand its network of relationships with additional partners who wish to improve the financial security of their clients.

"We've seen great progress and record business growth from organizations and individuals who already partner with Russell, and we're excited about the industry knowledge and experience Matt, Tim and Russell bring to the team. We look forward to the new relationships they will develop," said Greg Stark, managing director, U.S. Individual Investor Services. "The Russell U.S. mutual funds business is experiencing an unprecedented level of growth, and we plan to continue the momentum by adding key positions to the strong national team already in place."

For more than 20 years, Russell's investment products and services have helped financial professionals grow successful businesses. Russell provides the knowledge capital and investment solutions to assist its distribution channels to develop their business, enhance their service offerings and stay in greater contact with their clients.

Day joins Russell from Schwab Institutional where he served as vice president of sales. He has extensive experience building successful relationships with independent wealth managers including RIAs, brokers, trust officers and family offices.

Highland joins Russell after his five-year experience launching and running his own business, Strategic Asset Advisors. As owner and president of this Chicago-based firm, Highland provided advice, guidance and hands-on assistance to firms that offer managed account and wealth management services.

Romberger previously worked as regional director at SEI Investments where he was responsible for developing relationships with investment advisors and generating new institutional leads across a 22-state region in the Eastern United States. Prior to this responsibility, Romberger held a similar position focused on the Midwestern region.

Russell Investment Group is a registered trade name of Frank Russell Company, a Washington, USA corporation, which operates through subsidiaries worldwide. Frank Russell Company is a subsidiary of The Northwestern Mutual Life Insurance Company.

Fund objectives, risks, charges and expenses should be carefully considered before investing. A prospectus containing this and other important information can be obtained by calling (800) 787-7354 or visiting www.russell.com. Please read the prospectus carefully before investing.

Russell Fund Distributors, Inc., is the distributor of Frank Russell Investment Company.

RFD 05-4715