DST Vision to Integrate with Top Mutual Fund and Variable Annuity Web Sites

Advisors able to access account aggregation and marketing materials from a single site

Kansas City , Mo., May 17, 2004 – DST Vision , the leading account management Web site for financial intermediaries, is available for integration within the Web sites of its participating mutual fund and variable annuity companies. Because of this integration, financial advisors will have complete access to Vision’s aggregation and account management capabilities through the Web site of their preferred fund or variable annuity provider.

Traditionally, advisors visit mutual fund or variable annuity company Web sites for sales and marketing content and then separately access Vision to manage their customer accounts. Now, fund and annuity providers can present Vision alongside their existing tools and content, offering advisors a one-stop source for obtaining information that is critical to their daily business operations.

As advisors view their customer accounts within the integrated Vision site, the fund or annuity company maintains complete brand prominence. Additionally, advisors are continuously exposed to the host site’s main navigational paths, including sales and marketing content, which may be accessed with a single click.

“Mutual fund and variable annuity companies are looking for broad-based, repetitive usage of their Web sites to achieve the large-scale cost savings associated with self-servicing,” said Kyle Mallot, DST client services officer in charge of Vision. “Integrating with Vision offers our clients the opportunity to substantially increase both the frequency and duration of advisor visits to their sites.”

Advisors may now utilize their Vision ID to access customer account information across a full range of Web sites including mutual fund and variable annuity providers, the 50 broker/dealers that have integrated Vision into their proprietary Web offerings and www.dstvision.com. Expanding the number of avenues to access Vision helps participating companies reach their advisors wherever and whenever they conduct online business.

Participating fund and annuity providers may integrate with Vision quickly and with only minimal changes to their Web sites. Several companies are currently pilot testing the integrated offering.

For an electronic screen shot, please contact Jill Metzler Patton at (816) 843-9087.

Introduced in 1998, DST Vision is designed to give independent advisors an easy-to-use, one-stop information source for customer positions held directly with fund families and variable annuity providers. With a single ID and password, advisors have access to account management tools including transaction processing capabilities, customizable client portfolios, and access to electronic statements. A majority of third-party-distributed mutual funds, representing more than 93 million accounts, and over half of the leading variable annuity providers participate in Vision, including industry giants AllianceBernstein, AIM Investments, American Funds, MFS Investment Management, Nationwide Financial, OppenheimerFunds, Inc., and Pacific Life. Vision is continually enhanced to simplify account management and serve the evolving needs of financial intermediaries. Visit Vision at www.dstvision.com.

DST Systems, Inc. (NYSE: DST) provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organized domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions. DST operates one of the most advanced data centers in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST’s advanced technology and e-commerce solutions.

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The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual results could differ. There could be a number of factors affecting future results, including those set forth in Form 8-K/A dated March 17, 2003 filed by DST with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.

To learn more about DST Press Releases, contact us at  ctgoldman@dstsystems.com