Unique Retirement Fitness Study Examines Consumers' Emotions along with Their
Preparation

CHARLOTTE, N. The
majority of these consumers also feel they will need to work during
retirement. The United Methodist Church represents defined
contribution programs with more than $6 billion in assets that currently
employ the ProManage solution.

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Many Consumers May Be Overly Optimistic About How Prepared They Are for Retirement According to New Wachovia Study

This includes 36% who may not be doing
enough to prepare, and 11% who appear to be in better shape but are still
worried. More than any
other group, they are likely to feel overwhelmed with too many choices
of where and how to invest. These investors need an investment expert to manage their DC assets
for them. The ProManage PROgram(TM) offers help to
plan sponsors for the large group of investors who need a simple, effective
way to manage their defined contribution assets.
The seminar, entitled, "Never kissed a frog.

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The fitness categories include:

- Fitness evaluation may be useful (26% of respondents). Wachovia had assets of
$493.
"We are honored by the church's decision to offer our services to its
participants," said Carl Londe , chairman and chief executive officer of
ProManage.

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investing prepare

ProManage will make and execute all investment decisions for those
participants, from picking among the investment options in the plans, to
annually allocating the assets, to rebalancing the portfolio as needed."(SM) and hosted
by Asset Strategies Group, LLC, explores the special financial challenges
facing women and the financial possibilities available to them. MassMutual's
Women's is a global, growth-
oriented, diversified financial services organization providing life
insurance, annuities, disability income insurance, long-term care insurance,
retirement planning products, structured settlement annuities, trust services,
money management, and other financial products and services.com.

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ProManage assumes co-
fiduciary responsibility for all assets that it manages. These investors may comprise
up to 85 percent of all investors.

com

MassMutual is on the Internet at
http://www. Member SIPC

Contact:
Kathleen Gilroy
617-723-4891
kgilroy@madisoncommunications.

401k widening

MassMutual to host educational event for Danskin Triathletes

AUSTIN, Texas, Local women will have a chance to
learn how to shape up their personal finances at a special educational seminar
on wealth-building for women presented by MassMutual as part of its
sponsorship of the 16th annual Danskin Triathlon Series this weekend.

retirement retired

"These results exemplify the deep and very personal emotions that many
consumers feel when considering their retirement needs," said Bob Reid,
Executive Vice President of Wachovia's Retirement Strategy, a corporate-wide
focus to help individuals and businesses better prepare for retirement.
The MassMutual Financial Group is a marketing designation (or fleet name )
for Massachusetts Mutual Life Insurance Company (MassMutual) and its
affiliates, which include: OppenheimerFunds, Inc.
Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates ,
Springfield, MA 01111-0001

Securities offered through registered representatives of MML Investors
Services, Inc.

Please note that this category will not accept sites that promote a business .

401k savewealth

wachovia. They tend to consider
themselves experienced investors and are willing to make sacrifices to
save for the future. (RDR). Wachovia has introduced a number of retirement
initiatives , including the Envision SM advanced investment planning system;
new small business OnePlan and Emerging Markets 401(k) plans; easy, convenient
Rapid Rollover process for rolling over defined contribution plans into
Wachovia IRAs; and national retirement planning advertising.
Wachovia Corporation (NYSE: WB) is one of the largest providers of
retirement and financial services to retail, brokerage and corporate
customers, with retail operations from Connecticut to Florida and west to
Texas , and retail brokerage operations nationwide. For more information about ProManage, please visit the
company's Web site at http://www.com

retirement pensions

C.

- Peak Performer (27%).
The consumer survey is part of Charlotte-based Wachovia Corporation's
ongoing, enterprise-wide focus on the retirement planning market for
individuals and businesses.com. Assets under
management include assets and certain external investment funds managed by
MassMutual subsidiaries.

investing wiser

The comprehensive survey of 2,100 consumers nationwide revealed that 26%
of consumers feel confident about retirement planning and consider themselves
experienced investors, yet they may need to do more to prepare.
Meanwhile, nearly half of consumers are emotionally concerned over
planning and saving for retirement. Consumers in this group are concerned about saving
for retirement but they appear to be on the right track. Households with children were
less likely to be doing as much to prepare for retirement and appeared to be
more financially stretched.
Its full-service retail brokerage firm, Wachovia Securities, LLC, serves
clients in 49 states and five Latin American countries.

M.

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3 billion, market capitalization of $83.5 billion and stockholders'
equity of $47.C.
religious denominations.2 billion
defined contribution portion of its retirement plans on January 1, 2006.

(1) This constitutes a partial client list disclosure based on asset size
of the retirement plans., a MassMutual subsidiary.

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- At the starting line (36%) . They tend to consider
themselves inexperienced investors and feel they will need to work
during retirement. We look forward to helping participants take
advantage of the investment options in their plans by providing the
opportunity to have a professional investment organization make investment
fund allocation decisions for them.; The MassMutual Trust Company, FSB; Antares
Capital Corporation; MML Bay State Life Insurance Company; C.

finance choices

Consumers in
this group are not concerned about their retirement savings, even
though they may not be as financially fit for retirement as they think. Consumers in this group are concerned about
saving for retirement and may not be doing enough to prepare.66,000 Plan Participants Will Have Access to an Expert Who Can Invest for Them

CHICAGO, ProManage, LLC, an independent
asset allocation firm providing managed accounts to 401(k), 403(b) and other
defined contribution plans, today announced an agreement with the General
Board of Pension and Health Benefits of The United Methodist Church(1) to
provide participants in the church's defined contribution plans with managed
accounts. "The United Methodist Church has world-class retirement benefits
to meet its participants' needs.
"Managed accounts fulfill a fundamental need in today's defined
contribution plans," said David Wray, president of the Profit Sharing/401(k)
Council of America.

401k annuities

- Looking fit (11%)."
In terms of demographics, women were more likely than men to feel
concerned about retirement planning and saving .
The Wachovia Retirement Fitness study was conducted in fall 2004 by
Evanston, Ill.
"We want to provide the clergy and lay employees of the church with the
tools they need to prepare for retirement," said David Zellner, Chief
Investment Officer of The United Methodist Church.; Babson Capital Management
LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers, LLC;
MML Investors Services, Inc.

educating prepare

The Retirement Fitness study examines consumers' emotions along with their
actions, or what they are doing to prepare for retirement. A short assessment is
available on http://www. "There are many excellent advice and guidance products in
the market today; however , for many participants, those tools do not go far
enough.

Contact:
Larry Larsen
Weber Shandwick
617-520-7239
llarsen@webershandwick.

Information dedicated to helping individuals prepare for retirement.

prepare wiser

The church anticipates implementing its customized
version of the ProManage PROgram(TM) for participants of the $6. Never had to.massmutual.

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The survey
showed that many of these individuals, when compared to those who are better
prepared, typically do not have a retirement savings strategy and are saving
less in 401(k) plans and IRAs. Though
many are financially able to save more, nearly half say they prefer to
enjoy life now rather than save for the future.
They tend to make higher contributions to retirement plans such as 401 (k)
plans and IRAs, have retirement savings strategies and know how much they will
need at retirement and work with professional advisors. Its four core businesses, the
General Bank, Capital Management , Wealth Management, and the Corporate and
Investment Bank, serve customers primarily in 15 states and Washington, D.

finance allocation

They admit they could be saving more and are
generally optimistic about their job security and the future of Social
Security and pension plans.S."
Through today's agreement, the church joins a growing number of employee-
oriented companies and organizations that realize their employees desire
greater assistance if they are to save what they need for retirement ."

About ProManage, LLC
ProManage is an independent corporation providing investment management
services to companies and their participants in 401(k), 403(b) and 457 plans.promanageplan .

widening pensions

Four retirement
fitness categories were developed from the results.
They tend to see themselves as experienced investors and prefer to do
investing on their own. They tend to consider themselves
inexperienced investors but are willing to make sacrifices to save for
retirement . They are less likely to feel the need to work
during retirement."
Under today's agreement , defined contribution participants will have the
option of enrolling in a managed account option directed by ProManage.com.

Local Triathlon Participants to Take Part in Women's Finance Seminar

fool educating

Consumers in this group are not concerned about
retirement and appear to be on the right track.
Consumers considered in this study to be financially fit for retirement
generally are willing to make sacrifices to save and invest for the future. The results are based
on online interviews with 2,100 consumers nationwide, ages 35-64 with
household income or household investable assets greater than $75,000.3 billion at December 31, 2004. With more than 66,000 active and retired clergy and lay employees,
the church's defined contribution and defined benefit plans have assets in
excess of $13 billion -- the largest single pool of assets among all U.

investing achieving

, More than one-quarter of
consumers may be overly optimistic about how well they are planning and saving
for retirement, according to a Wachovia Retirement Fitness study. Online banking and brokerage
products and services also are available through wachovia. Given
today's climate of corporate restatements, mutual fund scandals and social
security uncertainty, the need for independent, cost-effective managed
accounts continues to grow exponentially.
ProManage's asset allocation programs respond to the needs of many defined
contribution (DC) plan investors, who do not have the time, knowledge or
desire to make their own investment decisions. ProManage is headquartered
in Chicago, Illinois.

retired choices

ProManage Retained by the General Board of Pension and Health Benefits of the United Methodist Church to Simplify Investment Choices

"We felt it was important
to give these individuals an opportunity to have an expert help manage their
assets for them.

pensions widening

The top three emotions these consumers describe are uncertainty about
how to best prepare for retirement, worry about having enough savings at
retirement and fear of making a mistake with their retirement savings.-based Richard Day Research, Inc. Global services are
offered through 33 international offices.
Participants will be able to fine-tune their individualized managed accounts
by specifying their risk preference and other factors.

choices already

com/retirementfitness to help individuals
determine their category. "For
many of these consumers, market volatility, rising healthcare costs, Social
Security and pension concerns, increased life expectancy and other factors
have created a new retirement reality. We hope this program will make saving for retirement easier
for them, while still giving them some control over the assets if they choose
to exercise it.

Life Insurance
Company; and MassMutual International, Inc.

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