CONTACT:
Jeanette Harrison-Sullivan
(302) 791-1400
(508) 871-9863
jean.harrison-sullivan@pfpc.com

PFPC WINS EAGLE AWARD FROM JOHNSON & WALES UNIVERSITY
Fund Accounting Service Provider Lauded for Educational Alliance


WILMINGTON, Del., March 8, 2001 – PFPC Inc., a member of The PNC Financial Services Group, Inc., (NYSE:PNC), and the nation’s largest full-service mutual fund transfer agent and second largest provider of mutual fund accounting services, announced today that it has received the Eagle Award from The School of Global Management at Johnson & Wales University in Providence, Rhode Island.

Stephen M. Wynne, executive vice president, PFPC, accepted the award recently at the university’s eighth annual "Executive Suite Event," a one-day student workshop on job mentoring. The Eagle Award recognizes individuals and businesses for their leadership roles in forging alliances between education and industry. Through these alliances, the university provides students with opportunities to learn on-the-job skills by linking them with business professionals who serve as teachers and mentors.

"We are honored to receive this award," said Wynne. "PFPC recognizes the very important role that Johnson & Wales and other educational institutions play in preparing today’s students for tomorrow’s workplace. Through team teaching, mentoring programs, workshops and on-the-job training, we are able to share with students the vision and values that we believe are required to succeed in today’s competitive financial services environment."

"In collaborating with Professor Jean Holt of the Center for Financial Services Management, PFPC is working towards Johnson & Wales’ goal of ‘close-the-gap career education,’ specifically in the area of mutual fund accounting operations," commented Doug Fitzgerald, executive director of the School of Global Management. "Fifteen of our students have completed a specialized workshop this winter resulting in the opportunity for a spring co-op or full-time employment." Beginning next school year, Johnson & Wales University will offer the course as part of the business curriculum, creating a specialized career in the Financial Services industry. "We are grateful for PFPC’s interest and involvement with our students, and foresee a win-win future for our relationship," said Fitzgerald.

Providing a wide range of global fund services to the investment management industry, PFPC is the nation’s largest full-service transfer agent and second largest provider of mutual fund accounting services. A member of The PNC Financial Services Group, Inc., PFPC is also a leading provider of retirement services, subaccounting, advanced output solutions through print mail services, shareholder services, custody, securities lending, integrated banking transaction services and alternative investments services. PFPC clients comprise some of the world’s most successful financial services companies, including brokerage firms, pension and investment managers, insurance companies and banks. PFPC’s affiliate, PFPC International Ltd., with offices in Dublin and Luxembourg, has served the international funds community since 1993. Contact PFPC by e-mail at information@pfpc.com.

The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services.

Johnson & Wales - America’s Career University® - was founded in 1914. It is a private, non-profit, accredited institution offering undergraduate and graduate degree programs in business, foodservice, hospitality and technology. With an enrollment of more than 13,000 students, Johnson & Wales is based in Providence, R.I., and maintains campuses in Charleston, S.C., Norfolk, Va., North Miami, Fla., Denver, Colo., and Gothenburg, Sweden.

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