LEADING MUTUAL FUND PROVIDER SELECTS ASP FROM CONFLUENCE FOR AFTER-TAX CALCULATIONS

SunAmerica Mutual Funds has selected FundStation.net from Confluence to calculate the performance of its mutual funds and their after-tax rates of return. FundStation.net is the first mutual fund performance calculation and data distribution service available as an Application Service Provider (ASP) on the Web. SunAmerica, with approximately $30 billion in assets under management, chose FundStation.net to ensure compliance with the SECs after-tax rule.

Pittsburgh, Pennsylvania -- One of the countrys fastest-growing mutual fund companies has discovered that the Internet can make coping with Securities and Exchange Commission rules easier.

SunAmerica Mutual Funds has selected FundStation.net from Confluence to calculate the performance of its mutual funds and their after-tax rates of return. FundStation.net is the first mutual fund performance calculation and data distribution service available as an Application Service Provider (ASP) on the Web. ASP users access software remotely, over the Internet, instead of buying and installing the application.

FundStation.nets After Tax Returns service performs calculations that ensure compliance with the new SEC regulation that mandates disclosure of the impact of taxes on mutual fund earnings.

When the SEC announced its after-tax regulation, we immediately began looking for a performance calculation system that would enable us to comply with the rule," said Peter Sutton, Senior Vice President of SunAmerica Asset Management Corp. FundStation.net automatically calculates the after-tax returns for mutual funds, so its exactly what we need."

Our After Tax Returns service makes FundStation.net the easiest way for big fund families like SunAmerica to comply with the new tax reporting rule," said Mark Evans, president of Pittsburgh-based Confluence. Fund companies appreciate getting performance calculation, data distribution and after-tax reporting in one package."

SunAmerica, based in New York City, has more than 200 classes of mutual funds and variable annuity portfolios, with approximately $30 billion in assets under management. Among the companys most popular funds are its multi-managed Focus" portfolios, which emphasize either growth or value strategies.

FundStation.net is the ASP version of FundStationTM, Confluences industry-leading mutual fund software. More than 40% of United States mutual funds rely on FundStation to automate their investment performance calculations and broadcast data to investment advisors, analysts, brokers, and other customers.

We love FundStation.nets ability to disseminate performance data to outside service providers," said Sutton. Its really going to streamline our operations."

Confluence recently released version 4.70 of FundStation, which automatically creates composite reports that adhere to Association for Investment Management and Research (AIMR) standards. In addition, version 4.70 enables mutual fund companies to create customized equity indices to measure the performance of their funds. Both these new features are also available in FundStation.net.

Confluence is a leader in the financial software industry. Many major financial services companies, including Charles Schwab, Janus, and American Express, depend on Confluence software. Inc. magazine recently named Confluence to its list of the 500 fastest growing privately held corporations in the country.