STATE STREET RESEARCH SUPPORTS HOFFA AWARDS DINNER
BOSTON, MA, March 2, 2001- State Street Research extends its congratulationsto James P. Hoffa, General President, International Brotherhood ofTeamsters, for receiving the "Labor Man of the Year Award" presented by theBay Area Union Labor Party.The Bay Area Union Labor Party is honoring Hoffa for his work in bringingunity, pride and strength to the Teamsters since taking office in 1999.Under his leadership, union membership has increased and the union budget isbalanced for the first time in nearly ten years. In recognition of thishonor, several representatives from State Street Research will attend theawards dinner in San Francisco on March 3. The firm also purchased atwo-page advertisement in the program book commemorating this auspiciousevent.
"State Street Research is proud to offer its congratulations to James Hoffaon receiving this award honoring his determination and commitment torebuilding and reuniting the International Brotherhood of Teamsters," saidKevin Wilkins, Executive Vice President, Head of Retail Marketing and ClientServices Group. "It is a wonderful tribute to a man who has done so much tobring together union members throughout North America."
State Street Research has actively managed money for Taft-HartleySupplemental Income 401(k) Plan since January 1999. This Plan is thelargest multi-union, collectively bargained Taft-Hartley 401(k) Plan in thecountry and offers simple, systematic pre-tax savings through payrolldeductions.
State Street Research & Management Company, with a money management historydating back to 1924, is one of the nation's first investment managementorganizations. The Boston-based firm is a subsidiary of MetLife. As ofDecember 31, 2000, State Street Research managed $53 billion in assets, ofwhich $34 billion represented institutional clients and $19 billionrepresented mutual fund and variable annuity portfolios. The firm managesmoney for 11 of the 15 largest U.S. corporate pension plans, public employeepension plans, union programs, individually managed accounts for affluentinvestors, and mutual funds for over 530,000 shareholder accounts. Thefirm's Web site address is www.ssrfunds.com.
