ALLIANCE FOR INVESTOR EDUCATION ANNOUNCES TWO NEW MEMBER ORGANIZATIONS ARE JOINING ITS RANKS

EBRI-ERF/ASEC and AFSAEF Now Among Leading Groups Participating in AIE

WASHINGTON, D.C.///November 21, 2005///The non-profit Alliance for Investor Education (AIE) is proud to announce that the Employee Benefit Research Institute Education and Research Fund (EBRI-ERF) -- which has among its programs the American Savings Education Council (ASEC) and Choose to Save® public education campaign -- and the American Financial Services Association Education Foundation (AFSAEF) are its two newest participating organizations. The 19-member Alliance for Investor Education Web (http://www.investoreducation.org) provides investors with access to a full range of information they need to make wise investment decisions.

AIE President Michael D. Jones, who also is senior vice president at the National Association of Securities Dealers (NASD), said: "We look forward to working closely with EBRI-ERF and AFSAEF to help us expand the work of the Alliance for Investor Education. These are both major organizations that give us substantial new reach, in terms of expertise, resources and consumers. We expect that the ranks of the Alliance will continue to grow as we move into 2006."

The American Savings Education Council (ASEC) and Choose to Save® (CTS) are programs of the Employee Benefit Research Institute's Education and Research Fund. ASEC is a coalition of public- and private-sector organizations committed to making saving and retirement planning a priority for all Americans. Founded in 1978, EBRI’s mission is to contribute to, and enhance the development of sound employee benefit programs and sound public policy through objective research and education. EBRI is a private, nonprofit, nonpartisan public policy research organization based in Washington, D.C.

Founded in 1990 and based in Washington, D.C., AFSAEF develops education materials and programs to help consumers become financially literate. It is affiliated with the American Financial Services Association, a national trade association for consumer and commercial finance companies, “captive” auto finance/leasing companies, mortgage lenders, credit card issuers and other financial services firms that lend to consumers and small businesses.

ABOUT AIE

The full breadth of the investment world is represented in AIE's membership ranks. Full members of the Alliance include: American Association of Individual Investors, AFSAEF, BetterInvesting, Bond Market Association, CFA Institute, Certified Financial Planner Board of Standards, EBRI-ERF, Futures Industry Institute, Investment Company Institute Education Foundation, Investor Protection Trust, NASD, National Futures Association, National Investor Relations Institute, the New York Stock Exchange, Securities Industry Association, and the Securities Investor Protection Corporation.

The SEC Office of Investor Education and Assistance, the Federal Trade Commission Bureau of Consumer Protection, the Board of Governors of the Federal Reserve System, and the North American Securities Administrators Association are among the government and quasi-governmental advisors to the Alliance.

CONTACT: Ailis Aaron Wolf, (703) 276-3265 or .