Barbara Weidlich
Telephone: 508-485-1500
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Jennifer Murray
Telephone: 617-530-7165

NICSA Announces Winner of 2005 PricewaterhouseCoopers Award

Lee L. Gremillion, Consultant, Teacher and Author of Mutual Fund Textbook, is Honored

MIAMI, February 23, 2005 – The National Investment Company Service Association (NICSA) announced today that educator, author and consultant Dr. Lee L. Gremillion has been selected as the 2005 recipient of the PricewaterhouseCoopers Award, which is given annually to recognize volunteers who have contributed to NICSA’s stature as the mutual fund industry’s primary source of expertise in shareholder servicing operations.

Dr. Gremillion is a retired partner with PricewaterhouseCoopers, where he provided operations and systems consulting services to clients in the investment management industry. He retired in 2002. He is author of A Purely American Invention: The U.S. Open-end Mutual Fund Industry, a textbook on mutual fund operations. First published in 2000, the book has been translated into Japanese and Chinese and is undergoing revision for a second edition. Dr. Gremillion has also authored a number of academic articles and teaches graduate courses in business and information systems at several institutions as an adjunct faculty member.

“We are proud to present this award to Dr. Gremillion, a leading thinker in investment services whose academic research and hands-on expertise have benefited his clients, students and readers worldwide,” said Chip Voneiff, National Leader of the PricewaterhouseCoopers US Investment Management Industry Group. The award was presented at NICSAs 23rd Annual Conference and Expo, "At the Crossroads: Choosing your Path," held at the Doral Golf Resort & Spa in Miami.

Dr. Gremillion received his doctoral degree from the Harvard Business School, his M.B.A. from Columbus State University, and his B.A. from Louisiana State University. Before joining PricewaterhouseCoopers, he had worked at IBM, Indiana University, Boston University, and Colonial Management Associates.

The annual PricewaterhouseCoopers Award, funded through an endowment by PricewaterhouseCoopers LLP, promotes awareness of the educational and informational mission of NICSA, and the importance of members service to achieving that mission.

About PricewaterhouseCoopers
PricewaterhouseCoopers’ Investment Management Industry Group provides auditing, accounting, business advisory and tax services to many of the world’s largest mutual funds, common trust funds, limited partnerships, hedge funds, pension funds, annuities, trusts and industry service providers. The Group audits almost 2,800 U.S. mutual funds totaling more than $3.3 trillion in assets.

PricewaterhouseCoopers LLP provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.

Unless otherwise indicated, “PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, a Delaware limited liability partnership. PricewaterhouseCoopers LLP is a member firm of PricewaterhouseCoopers International Limited.

The National Investment Company Service Association (NICSA) is a not-for-profit trade association providing leadership and innovation in educational programming and information exchange within the operations sector of the worldwide investment industry.

NICSA membership totals more than 400 companies operating in major financial centers in the United States, Europe and Asia. The membership represents all segments of the mutual fund industry including mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services.

NICSAs services to members include education, training and networking opportunities through conferences on a wide range of industry issues and developments; specialized publications, and access to NICSAs membership directory. NICSA also offers an On-Line Learning Center featuring the Certified Mutual Fund Specialist Program, the first-ever certification program of its kind.