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New York, June 29, 2004 - JPMorgan Investor Services announced today that American Century Investments, a leading investment manager, is the first client to go live with its new message management product JPMorgan Message ExpressSM.

JPMorgan's relationship with American Century began in 1996 and has since grown to include a broad spectrum of the firm's services such as custody, investment products, broker dealer services, credit syndication, trust services and cash management.

"JPMorgan Investor Services was a natural partner for us because of the full range of securities services and industry expertise they provide," said Wayne McCoach, custody operations manager at American Century. "By using Message Express, American Century and its clients will benefit from greater operational efficiencies, reducing cost and risk."

"We are delighted that American Century is our first client to use Message Express. The product will increase their competitive advantage by helping them reduce operating costs, manage risk and avoid large multi-year investments in service delivery platforms," said Paula Sausville-Arthus, senior vice president, Asset Manager Solutions Group, JPMorgan Investor Services.

For further information please contact:

Alison Gilmore
JPMorgan Investor Services

+1 (718) 242-5063