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Press release:

Legg Mason Selects Expertplan for Online 401(k)

Issued by: ExpertPlan

Date: Oct. 23, 2000

Legg Mason Selects ExpertPlan To Power Its New Online Retirement Plans

TRENTON, N.J., Oct. 23 /PRNewswire/ -- Legg Mason Wood Walker, Incorporated, a securities brokerage with 142 offices nationwide, has selected ExpertPlan, the leading provider of web-enabled retirement plan administration to financial professionals, to power its new Legg Mason Retirement Plans Online products. Introduced to its more than 1,300 brokers at the company's annual retirement planning conference last week in Baltimore, the initial product, Legg Mason 401K Online, integrates ExpertPlan's web-based solution to enable brokers to sell competitive retirement plans to the small to midsize market.

``We are excited to offer our retirement products through the Internet by harnessing the power of the World Wide Web,'' said James Cahn, Senior Vice President and Director of Retirement Plan Services, Legg Mason.

``We are pleased with our relationship with such a highly respected firm such as Legg Mason,'' said Win Cody, President and CEO, ExpertPlan. ``They are a leader in retirement services and this is a great partnership.''

ExpertPlan operates on an Application Service Provider (``ASP'') model, providing full service, robust, scalable on-line set-up, record keeping and transaction management services to financial institutions, such as broker dealers, fund companies, banks and insurance companies. Its web-based ``self service'' model empowers plan participants to manage their own accounts, which eliminates third-party errors, and reduces costs and the administrative burdens on the financial professional and the plan sponsor.

ExpertPlan's 401(k) plans support brokers with online access to marketing materials and proposal requests. ExpertPlan's 401(k) plans also incorporate full-service, online set-up, record keeping and transaction management services for brokers' 401(k) clients.

For further information, contact Christine Colfer at ExpertPlan.com, 609-394-0606, email, ccolfer@expertplan.com, or visit www.expertplan.com .

About ExpertPlan.com:

ExpertPlan ( www.expertplan.com ) is a provider of online retirement plan solutions that enable financial advisors to offer high-quality, low-cost retirement plans to meet the needs of their clients. The company was founded in 1999 by core members of the information systems management team from one of the world's largest financial services corporations, and is headquartered in Trenton, N.J.

About Legg Mason

Legg Mason traces its roots to 19th century Baltimore, where its predecessor firm was founded in 1899. The name Legg Mason was adopted in 1970 when Baltimore-based Legg & Co. merged with Mason & Co. of Newport News, Va., a company founded in 1962 by Raymond A. Mason, its current chairman and chief executive officer. Legg Mason Wood Walker is the fully owned investment brokerage subsidiary of Legg Mason, Inc. serving the investment and financing needs of individuals, institutions, corporations, and municipalities.

CONTACT: Lisa Rhodes, PR Director of Atlantic Group, 203-840-4984, fax, 203 840-4985, e-mail, rhodes@atlanticgroup.com, for ExpertPlan.

For more information: http://www.expertplan.com

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