U.S. Trust Company of New York

About U.S. Trust In 1853, a group of influential business leaders in New York created an innovative, new type of financial institution to serve as manager, executor and trustee of personal and corporate funds. Today, their creation--the United States Trust Company of New York--is one of the oldest trust companies in the nation. From a fledgling institution with three employees housed in a modest office on Wall Street, U.S. Trust has grown to more than 2,300 employees based in 39 offices with over $102 billion in assets under management as of March 31, 2004. In June 2000, U.S. Trust merged with The Charles Schwab Corporation. We believe that this merger will yield tremendous benefits for our shareholders, our clients and our employees by bringing together the complementary strengths of two financial services firms that are leaders in their respective fields. Today, U.S. Trust's mission is to be the premier investment and wealth management company in the United States. U.S. Trust Corporation is a wholly owned subsidiary of The Charles Schwab Corporation.