For Immediate Release
November 20, 2006

AmEx Bank hires Dolan McEniry Capital Management
Chicago, IL - American Express Bank Asset Management has hired Dolan McEniry Capital Management as a subadvisor to manage core fixed income portfolios for its clients. American Express Bank is a subsidiary of American Express Company and offers various investment management, trust, estate planning, and banking services.

Dolan McEniry Capital Management is a fixed income value investor based in Chicago, IL. Founded in 1997 and 100% owned by its two principals, the firm provides investment management services to foundations, endowment, corporate and public pension funds, Taft-Hartley accounts, sovereign nations, wealthy families, and other tax-free clients. Dolan McEniry Capital Management has approximately $1.08 billion in fixed income assets under management.