Morningstar Appoints Richard E. Robbins as General Counsel and Corporate Secretary

Before attending law school, Robbins
worked for Digital Equipment Corporation as a senior software engineer. The company offers an
extensive line of Internet, software, and print-based products and services
for individuals, financial advisors, and institutional clients.

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is a leading provider of investment research in the
United States and in major international markets. Morningstar
provides data on more than 125,000 investment offerings, including stocks,
mutual funds, and similar vehicles. They
point to a detailed analysis released last week by the national Society of
Actuaries (SOA), which found that direct medical costs and indirect costs,
such as lost wages and costs related to disabilities , amount to nearly $10
billion every year. The Board study, as originally discussed, would not
include any broader economic impacts considered by the Society of Actuaries.

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About Morningstar, Inc .

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MINNEAPOLIS, The leaders of three of Minnesota's
most prominent health improvement non-profit organizations today urged the
Hennepin County Board to add community health impact to its planned review of
the County's new secondhand smoke. "If
the study only includes bar and restaurant sales , it effectively says they are
more important than the general public.

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"We're pleased to have someone of Rich's caliber join Morningstar,"
Mansueto said.

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Robbins holds a juris doctor degree with honors from the University of
Chicago Law School, and master's and bachelor's degrees in electrical
engineering and computer science from the Massachusetts Institute of
Technology.soa. "That issue is
every bit as important today as it was the day the original vote was taken,
and this analysis need to reflect that fact.

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Previously, he was an associate in the firm's
corporate and securities practice.


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(Nasdaq: MORN)
today announced that Richard E. Robbins, 43, has joined the company as general
counsel and corporate secretary."
Robbins joins the company from Sidley Austin Brown + Wood LLP, where he
was a partner since 1999.
Morningstar, Inc.com



Last month, the Hennepin County Board called for a study of the new
secondhand smoke law, focusing on changes in restaurant and bar sales since
the law went into effect March 31, 2005."
The letter comes as Hennepin County staff are in the process of designing
the analysis that will ultimately be presented to the Board.

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He will be responsible for heading
Morningstar's legal department , reporting to Joe Mansueto, chairman and chief
executive officer.
The health leaders urged the Board to consider the impact the law will
have on other economic issues, such as worker absenteeism and retention,
facility maintenance costs, and employee and employer health care costs.org/ccm/content /areas-of-practice/life-
insurance/research/economic-effects-of-environmental-tobacco-smoke-SOA/
"The Board represents all citizens," said Peggy Drenckhahn, executive
director of American Lung Association of Minnesota. "Therefore, it only makes
sense to consider the costs that all citizens bear from secondhand smoke, not
just the costs to bar and restaurant owners. Specifically, the letter urged
Commissioners to consider three health-related questions: 1) Has the law
successfully removed lethal toxins and carcinogens from Hennepin County
restaurants and bars? 2) What will be the long - and short-term public
preventative health impacts of removing these pollutants from restaurants and
bars? 3) If the law is rolled back, what will be the health impact on people
who have heart diseases, asthma, bronchitis, or are pregnant?
"When this issue was originally debated, health improvement was the
primary reason our leaders gave for their support," said Shannon Guernsey,
advocacy manager, American Cancer Society, Midwest Division."
AHA, ALA and ACS are part of a broad coalition of community organizations
supporting secondhand smoke protections in Minnesota. The coalition is backed
by 73 percent of Hennepin County residents who, according to a recent survey
conducted by the Melman Group, favor the ordinance.

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Media Contact:
Margaret Kirch Cohen, 312 -696-6383, margaret."
Beyond economic impacts, the health leaders also urged Board members to
consider health impacts of the protections.

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We want the Board to consider all of
the impacts of the law, not just one.

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CHICAGO, Morningstar, Inc. He is a member of the American, Illinois and Chicago Bar
Associations, and serves on the board of directors of IT Resource Center, a
nonprofit corporation. The company has operations in 16
countries.

Health Charities Ask Hennepin County Board to Measure Economic Impact of Secondhand Smoke Law on Entire Community Not Just Bars and Restaurants

In a letter delivered to Hennepin
County Board members today, leaders of local chapters of the American Cancer
Society (ACS), American Lung Association (ALA), and American Heart Association
(AHA) asked that additional economic and public health data be gathered to
measure the impacts on the entire community, not just bar and restaurant
owners. A
link to the entire SOA report can be found here:
http://www. It is not yet
known when the study will be presented to the Board .
"To make balanced decisions, the Board needs balanced information," said
Peter Ries, vice president, Twin Cities Metro American Heart Association.

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"Rich brings 14 years of corporate and securities law
experience to Morningstar, including extensive knowledge in the areas of
corporate governance and disclosure, equity-based employee benefit plans, and
mergers and acquisitions.cohen@morningstar .

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