DST Converts AIM Fund Services to TA2000 Shareholder Recordkeeping PlatformAIM Conversion the Largest DST Has Completed.March 31, 2003 KANSAS CITY, MO., MARCH 31, 2003 – DST Systems, Inc., the nation’s largest provider of mutual fund shareholder recordkeeping services, today announced the conversion of A I M Fund Services, Inc. to its TA2000® recordkeeping platform. The conversion of 5.5 million open accounts represents not only the largest conversion DST has ever completed, but one of the largest conversions from one transfer agency platform to another completed in the industry to date. The conversion also entailed moving nearly 6.5 million images into DST Systems’ Automated Work Distributor™ (AWD®) workflow management system and rolling out approximately 1,000 TA2000 Desktopä and AWD workstations. Despite its size, the conversion process went smoothly, thanks to DST’s experience in converting from other technology providers. Also, because AIM was able to leverage DST’s extensive client base, many of its critical brokerage interfaces were already in place. “DST’s tremendous expertise in conversions and our previous experience in converting acquired fund families assured a successful transition,” said Tony Green, President of AIM Fund Services. “Our customers, who are brokers and other third-party distributors, are already doing business with DST, so little if any coordination of interfaces was needed.” The conversion expands DST’s already extensive relationship with AIM Investments. International Financial Data Services (IFDS) Canada, a DST affiliate, provides transfer agency services for AIM’s offshore funds; affiliate Boston Financial Data Services (BFDS) handles AIM’s contractual fund; and subsidiary EquiServe services AIM’s closed-end fund. “It made good business sense to convert to TA2000,” said Green. “With DST we’ve drastically upgraded our Internet and voice response capabilities, expanded integrated operating efficiency opportunities in our core processing and client servicing areas, and enhanced our defined contribution plan support. DST provided the training and support we needed to get up and running.” “We’re thrilled that AIM chose TA2000 for its mutual fund recordkeeping system,” said Fred Quatrocky, Vice President of Client Services for DST. “It’s rewarding to be able to further develop this relationship, and to be able to provide a full range of services to meet so many of AIM’s recordkeeping needs.” AIM Fund Services, a subsidiary of A I M Management Group Inc. (AIM) and an indirect subsidiary of AMVESCAP PLC (NYSE: AVZ), is the transfer agent for The AIM Family of Fundsâ. INVESCO Funds Group, also an indirect subsidiary of AMEVSCAP, was converted to TA2000 in 1997.
The AIM conversion is one of several successful conversions DST and its affiliates completed in 2002 and to date in 2003. New DST mutual fund shareholder recordkeeping clients include Evergreen Investments, Columbia Management Group, Scudder Service Company, Nuveen Investments (a client of affiliate Boston Financial Data Services [BFDS]), and Pioneer Investment Management Company (a client of affiliate BFDS). DST Systems, Inc. (NYSE: DST) provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organized domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions. DST operates one of the most advanced data centers in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST’s advanced technology and e-commerce solutions. Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to providing its clients with exceptional products and services through multiple investment management styles and a broad range of investment solutions – mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $124 billion in assets under management and approximately 9 million shareholders as of December 31, 2002. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration.
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