March 10, 2005 — Standard & Poor’s and BusinessWeek announced the winners of its third annual Excellence in Fund Management Awards.

Nine mutual fund managers or management teams were recognized as their funds were evaluated according to wide-ranging criteria, including the experience of the management team, an ability to adhere to stated style objectives while shunning excessive turnover, and an ability to produce returns that justify operating expenses, among others.

Nine previous winners were also acknowledged for their continued ability to demonstrate strong levels of leadership at their funds over the past five years.

Category Manager Fund
Large-Cap Growth Team Managed Growth Fund of America/A (AGTHX)*
Large-Cap Growth Robert Smith T Rowe Price Growth Stock Fund (PRGFX)
Large-Cap Blend Daniel Boone III Calvert Social Invstmnt Fund:Equity/A (CSIEX) *
Large-Cap Blend Bill Miller & Nancy Dennin Legg Mason Eq Tr:Value/Prim (LMVTX) *
Large-Cap Blend William Fries Thornburg Value/A (TVAFX) *
Large-Cap Blend Larry Babin, Paul Danes & Carolyn Rains Victory Funds:Diversified Stock Fund/A (SRVEX)
Large-Cap Value Brian Rogers T Rowe Price Equity Income Fund (PRFDX)
Mid-Cap Growth Team Managed Goldman Sachs Growth Opportunities/A (GGOAX)
Mid-Cap Blend Thyra Zerhusen ABN AMRO Mid Cap Fund/N (CHTTX)
Mid-Cap Value Team Managed Goldman Sachs Mid Cap Value/A (GCMAX)
World Team Managed Tweedy Browne Global Value Fund (TBGVX) *
Foreign Rudolph-Riad Younes Julius Baer Inv:Intl Equity Fund/A (BJBIX) *
Foreign Small-Cap Team Managed Laudus Rosenberg International Small Cap/Inv (RISIX)
Intermediate Bond Team Managed Dodge & Cox Income Fund (DODIX)
Intermediate Bond William Gross Harbor Funds Bond Fund/Instl (HABDX) *
Intermediate Bond Daniel Fuss Managers Bond Fund (MGFIX)*
Intermediate Government Philip Barach, Jeffrey Gundlach, & Frederick Horton TCW Galileo Total Return Bond Fund/I (TGLMX)*
Muni National Long Thomas Fetter Eaton Vance Municipal Bond/A (ETMBX)

*Previous Winner

The full list of award winner profiles can be found in the March 21 issue of BusinessWeek (on newsstands Monday, March 14) or by visiting . Standard & Poor’s selection methodology, as well as other awards information, can be found by accessing .

Contact Bob Keane with questions or comments at:bkeane@investmentadvisor.com.