PITTSBURGH, Sept. 20 /PRNewswire-FirstCall/ -- Cash Funds International is an innovative alliance of BNP Paribas Asset Management, Federated Investors, Inc. and Henderson Global Investors that offers investors three AAA-rated institutional money market funds. With asset managers that have strong money market track records, Cash Funds International offers clients worldwide leading, sizeable liquidity funds in each of three major currencies. The funds that will be offered to institutional and corporate investors are: * 2 billion pounds Henderson Liquid Asset Sterling Fund * 3 billion dollar Federated Short-Term U.S. Prime Fund * 3 billion euro BNP Paribas InstiCash EUR Fund The money market sector has been one of the fastest growing mutual fund sectors in Europe over the last five years. As corporate treasurers and pension schemes look to meet their cash management needs, Cash Funds International will allow the clients of each of the firms to access Euro, Dollar and Sterling liquidity products and diversify their cash holdings. "In a global marketplace, multi-national companies, pension schemes and their treasurers look to ensure that their cash resources are being used to maximum advantage," said Mark Camp, director of institutional liquidity funds for Henderson Global Investors. "With evolving regulations around the world and the impact of the Basle II Accord in Europe in particular, Cash Funds International's money market funds offers institutional investors a product managed locally but of sufficient size to compete on a global stage." Cash Funds International's portfolios invest in short-term, high quality money market instruments in each of three major global currencies. Disciplined portfolio construction offers relative safety of principal, liquidity, flexibility and competitive yields from each of the three AAA-rated funds. In addition, money market funds offer greater diversification than most segregated mandates offer. As treasury management evolves to emphasize a treasurer's need to identify, monitor and control risk, cash management becomes more important. Increasingly, institutional and corporate investors are choosing money market funds over bank deposits and direct investments to meet their liquidity needs. Money market funds offer the flexibility to invest in any increment, same-day settlement, diversification, transparency for assets and returns, independent credit management and a third-party custody and transfer agent, which presents less operational risk than the operations of a single entity. "We are happy to provide our corporate clients with our global liquidity management solutions including cash management services and money market funds managed by BNP Paribas Asset Management and its two partners," said Bruno Lavole, head of BNP Paribas International Cash Management. BNP Paribas Asset Management, Federated Investors and Henderson Global Investors will introduce Cash Funds International at the EuroFinance International Cash and Treasury Management Conference 2006 in Florence, Italy from 27-29 September 2006. Visit stand L35 at the EuroFinance conference to learn more about Cash Funds International. About BNP Paribas Asset Management BNP Paribas Asset Management is a leader in the European asset management industry, with 286 billion euro of assets under management* and 1,600 staff servicing clients in 66 countries. It offers a range of management capabilities with a shared focus on excellence, robustness and consistency of investment processes as well as accuracy of risk control, through a multi- specialist approach. Responsible Investment is one of BNP Paribas Asset Management's key investment themes, and the company is a globally recognised player in this field. Specialised fund management teams are active in the world's major financial centres including Paris, London, New York, Tokyo and Hong Kong. Parvest, BNP Paribas Asset Management's flagship fund, is one of the leading Luxembourg-domiciled umbrella funds and is registered for sale in 25 countries. BNP Paribas Asset Management's excellence is reflected by Fitch's second-highest rating: AM2+ * Figures as at 30 June 2006, assets under advisory included About Federated Investors Federated Investors, Inc. is one of the largest investment managers in the United States, managing $210 billion in assets as of 30 June 2006. With 143 mutual funds and a variety of separately managed account options, Federated provides comprehensive investment management to nearly 5,500 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit http://federatedinvestors.com/. About Henderson Global Investors Established in 1934, Henderson Global Investors is a leading independent global asset management firm. The company provides its institutional, retail and high net worth clients with access to skilled investors representing a broad range of asset classes, including equities, fixed income, property and private capital. Headquartered in London, Henderson is one of Europe's largest investment managers, with 63.1 billion pounds assets under management (as at end June 2006) and employs around 900 people worldwide. For more information, see http://www.henderson.com/. DATASOURCE: Federated Investors, Inc. CONTACT: Malka Nusynowicz of BNP Paribas Asset Management (Paris), +33-1-58-97-29-51, or ; or Celeste Matta-Brown of BNP Paribas (London), +44-0-20-7595-4653, or ; or Bill Blase of Federated Investors, Inc. (New York), +1-212-221-1079, or ; or Meghan McAndrew of Federated Investors, Inc. (Pittsburgh), +1-412-288-8103, or ; or Richard Acworth, +44-20-7818-4222, or , or Laura Cook, +44-20-7818-4222, or , both of Henderson Global Investors (London) Web site: http://www.federatedinvestors.com/ http://www.henderson.com/

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