JPMORGAN WORLDWIDE SECURITIES SERVICES IS SELECTED BY LEE MUNDER FOR SEPARATELY MANAGED ACCOUNT ADMINISTRATION

New York, October 19, 2005 - JPMorgan Worldwide Securities Services, a leading global provider of custody and securities services, today announced that Lee Munder Capital Group has selected JPMorgan to provide outsourcing services for the separately managed accounts program included in the $2.5 billion in assets that LMCG manages for their institutional and private clients.

JPMorgan Managed Account Solutions will enable Lee Munder to expand its offerings in separately managed accounts by providing outsourcing services to automate back office functions. JPMorgan will provide a wide variety of services such as account opening and closing, account maintenance, document management, order management, performance reporting, and account reconciliation. Lee Munder will be able to access all managed account programs through a single Web-based interface, where they will be able to implement model portfolios across multiple customized individual accounts, access shadow accounting, document imaging and billing services.

"Lee Munder Capital Group selected JPMorgan Worldwide Securities Services because they offer the latest in technology and every service we need to establish a first-rate managed accounts program," said Kenneth Swan, President of Lee Munder Capital Group.

"JPMorgan is excited about helping Lee Munder expand its already wide range of services for investors," said Stephen Boyle, Director of Managed Accounts Outsourcing for JPMorgan Worldwide Securities Services.

"We feel we offer the industry's best and most comprehensive fully integrated managed account services, which will enable Lee Munder to continue its rapid growth."

"The JPMorgan Managed Account Solutions end-to-end service is the best in the industry," said Steven A. Smith, head of business development for JPMorgan Managed Account Solutions. "We offer an unmatched combination of financial service experience and operations expertise."

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