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DST Retirement Solutions Announces Ad-hoc Reporting for Plan Sponsors

MFS Retirement Services pilots Advanced Analysis™ feature^®

March 8, 2004

Kansas City , Mo. , March 8, 200 4 – DST Retirement Solutions now offers a robust Web-based ad-hoc reporting tool for plan sponsors. Launched in fourth quarter 2003, Advanced Analysis™ enables plan sponsors to access participant- and plan-level information from their providers quickly and easily through the Web. This user-friendly tool offers real-time search, sort and drill-down capabilities, and provides results in a downloadable file and a printer-friendly format.

Through Advanced Analysis, a plan sponsor can perform complex queries directly through the Web, without having to call the plan provider and wait for the provider to research the request and call back with an answer.

For example, a plan sponsor can quickly identify all participants hired after 1998, with portfolio balances greater than $20,000 and outstanding loans. The plan sponsor can further refine the search as needed. Search options include: participant loan balances, investment vehicle and money-type balances, and transaction history; as well as plan-level transactions, plan-level assets and payroll information.

This month, MFS Retirement Services piloted Advanced Analysis with several of its plan sponsors.

“MFS was a partner in developing Advanced Analysis,” explained Brendan Nolan, senior vice president of MFS Retirement Services. “We look to Advanced Analysis to handle a majority of the requests we get from plan sponsors on a daily basis. It's a huge resource-saving tool for us, and it enhances the quality of service we offer our clients.”

“The flexibility and sophisticated query capabilities Advanced Analysis offers sets it apart from similar ad-hoc reporting tools we've seen,” said Mike Looney, COO of MK Consulting (Baltimore, MD), a provider of innovative consulting and support solutions for the retirement benefits industry.

“DST's Advanced Analysis lets plan sponsors slice and dice plan-level data as they need it,” said Jim Walsh, officer in charge of DST Retirement Solutions. “It presents the information in a way that makes sense to them, based on the criteria that they set.”

DST Retirement Solutions provides recordkeeping, administrative and communications technology and support to the defined contribution marketplace. Offering two distinct service models – selective outsourcing and ASP – DST Retirement Solutions is a single source for all phases of a defined contribution operation. With 3.6 million participants representing 38 major institutional clients, DST Retirement Solutions supports all plan types, sizes and investment options.

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.

MFS is a global investment manager with offices in Boston, London, Tokyo and Singapore, and manages America's oldest mutual fund, Massachusetts Investors Trust. The company manages $140 billion in assets on behalf of 5.8 million individual and institutional investors worldwide, as of December 31, 2003.

MK Consulting, Inc. provides innovative consulting solutions for the retirement benefits industry. Since 1993 MK has provided IT, operations, and compliance related support services to recordkeepers of all types and sizes, including Fortune 100 companies, financial service providers, insurance companies, banks, recordkeeping system and peripheral application providers, as well as third party administrators. MK has seasoned specialists in all of the leading DC/DB record keeping software applications and peripheral systems, as well as operations and industry experts capable of market/systems/process analysis and product development. From basic administration and application testing support, through complete product/process definition; MK Consulting is a service provider focused on objective, expert support. Information is available at www.mkconsulting.com.

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The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual results could differ. There could be a number of factors affecting future results, including those set forth in Form 8-K/A dated March 17, 2003 filed by DST with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.