America Online Names Sage Premier Mutual Fund Community Partner in AOL's Top-Ranked Personal Finance Channel

April 9, 1998

Sage Currently Offering Timely Mutual Fund-Related Tax Tips Dulles, VA and Bala Cynwyd, PA -- April 9, 1998 - Responding to Americans' skyrocketing demand for mutual funds and online financial services, AOL Interactive Services, the Internet online services division of America Online, Inc. [NYSE: AOL], and Sage, the world's largest online mutual fund forum, announced today an expanded two-year partnership to exclusively offer AOL members Sage's professional-quality mutual fund information. Under this agreement, Sage will be the premier provider of information and analysis of the mutual fund industry within AOL's Personal Finance Channel, the most popular finance destination in cyberspace according to Media Metrix. Individuals are increasingly looking for convenient and reliable financial information, and Sage's mutual fund experts meet that demand with interactive and insightful analysis of the mutual fund world. Sage offers information valuable to mutual fund experts and novice investors alike, providing unique features such as: * Sage live events, including daily chats with prominent mutual fund managers and investment experts, including such industry luminaries as Michael Price of Franklin Mutual Series; financial guru Louis Rukeyser of Wall Street Week; Morningstar President Don Phillips; Gabelli Funds' Mario Gabelli; PBHG Funds' Gary Pigrim; and Robert Sanborn from Oakmark Funds; * Extensive message boards guaranteeing timely responses to member inquiries within 48 hours by Sage mutual fund experts; * Several daily columns including a fund news summary, a market commentary, in-depth analyses of funds, model mutual fund portfolios, ongoing contests, and general financial planning content. With tax day nearing, Sage is also offering a series of timely tax tips updated weekly through April 15th and a series of Retirement Chats leading up to tax day to help AOL members make wise tax decisions that may affect their retirement. Sage also features a definitive online guide to the Roth IRA to help AOL members determine whether the new Roth IRA is feasible for them. "AOL's leadership in online finance allows us to offer our members the highest quality information and services available, and Sage clearly fits into that category," said Rob Shenk, Director of Programming for the Personal Finance Channel. "With Sage, AOL members have access to expert mutual fund information uniquely provided by Sage. AOL members now have a wealth of mutual fund information and insight right at their fingertips -- information that used to be available only to financial professionals." Alan Cohn, Co-President of Sage Online, added, "This partnership is intended to allow AOL members to go beyond what they can do off-line; from speaking directly to their fund managers via Sage's chats to getting information from knowledgeable, unbiased individuals via the Message Boards. We're thrilled to be a part of AOL's thriving online community." With more than five million regular users, AOL's Personal Finance Channel is the most frequently visited channel on the online service, and is the leading financial destination in cyberspace. It provides over 70 million stock quotes per day, maintains over six million active investment portfolios, and generates over 13 million financial graphs per month for AOL users. An average of 630,000 users access the Quotes & Portfolios area each trading day - with that number growing by an average of 10,000 each day. The Channel also offers access to financial information from popular sources such as Bloomberg, Business Week, Hoovers, Disclosure, Morningstar, Standard & Poors, Intuit, Market Guide, Reuters, Investors Business Daily, and The Motley Fool. The Personal Finance Channel enables members to research and trade stocks and mutual funds, calculate and file their Federal income tax, conduct their online banking, get the most up-to-date business and market news, access detailed financial data, and chat with other members about market trends and financial information.

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