The Bank of New York Selected by Hartford Mutual Funds as a Third-Part

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 24, 2005--The Bank of New York, a global leader in securities servicing, has been selected by The Hartford Mutual Funds as a third-party securities lending agent. Additionally, the Bank has been awarded cash collateral reinvestment business associated with other Hartford securities lending agents.
    Louis DiFranco, managing director and Head of the global insurance division at The Bank of New York, said, "This appointment highlights the breadth of our securities lending and reinvestment capabilities and our unique ability to service the specialized needs of companies such as The Hartford Mutual Funds. We look forward to utilizing our industry-leading service and technology platforms to provide The Hartford with a customized set of solutions."
    The Hartford Mutual Funds are sponsored by The Hartford Financial Services Group, a company which has protected individuals, businesses and families since 1810.
    The Bank of New York's Global Insurance Division manages the Bank's enterprise-wide relationships with insurance companies and their subsidiaries across all products of the Bank and all facets of the client organization. A sample of services currently provided to insurance companies includes custody, securities lending, cash management, corporate trust, foreign exchange, trade execution services, correspondent clearing, and asset management.

    The Bank of New York Company, Inc. (NYSE: BK) plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global financial institutions, asset managers, governments, non-profit organizations, corporations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.

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CONTACT: The Bank of New York Kevin Heine, 212-635-1569

KEYWORD: NEW YORK INDUSTRY KEYWORD: INSURANCE BANKING MARKETING AGREEMENTS SOURCE: The Bank of New York Company, Inc.

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