AMERICAN EXPRESS ASSET MANAGEMENT
American Express Asset Management Group is a group of globally focused investment management companies that works as hard to provide exceptional client service as it does to maintain its long tradition of quality investment performance. American Express Asset Management serves a diverse global client base and has investment management resources in Minneapolis, London, Tokyo, and Singapore.

Founded in 1972, American Express Asset Management Group Inc. specializes in a broad range of investment management services for institutions and high net worth clients. American Express Asset Management is dedicated to being a world-class asset manager to clients around the globe.

AMERICAN EXPRESS ALTERNATIVE INVESTMENTS
American Express Alternative Investments (AEAI) has been offering a range of hedge fund strategies for institutional and high net worth investors since 1996. As of August 31, 2002, the $815.1 million in assets is spread across a client base including foundations and endowments, insurance companies, U.S. pension and treasury clients, banks, funds of hedge funds, family investment offices, and high net worth individuals.

American Express Alternative Investments is focused on working to deliver superior investment results with an intensive risk management approach. AEAI offers a wide variety of alternative products, including a variety of single strategy funds and fund of hedge funds. The funds of hedge funds includes a variety of managers, styles, and strategies.