More information may be
found at www.

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----The
Financial Analysts Journal, the long-historied CFA Institute
publication focused on linking innovative researchers and thinkers to
investors worldwide, will be celebrating its 60th anniversary by
including provocative "reflections" written by industry leaders who
speak candidly about the investment profession's checkered past and
promising future. In 1981, he became a
founding panel member on ABC television's This Week.

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Bogle, Dean LeBaron, CFA, Keith Ambachsteer
and Charles Ellis, CFA.
The Financial Analysts Journal is a bimonthly research journal
that publishes opinion articles and academically rigorous papers that
have direct relevance to investment practitioners.org or by calling 1-800-247-8132 or
1-434-951-5499 in the U.
(Logo: http://www.newscom.
The Texas Division of Comerica Bank includes 54 branch offices in the key
Texas markets of Dallas, Houston and Austin.

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"
The groundbreaking thoughts and fresh insight into the past,
present and future of the global financial sector that are captured in
the "Reflections" series will be later encompassed in Bold Thinking on
Investment Management: The FAJ 60th Anniversary Anthology, a hardcover
publication.

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,
USA, with additional offices in London and Hong Kong.com/newsalerts .

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"Our authors will offer their
reflections on many interconnected issues and I think together they
will offer a valuable road map for the evolution of our industry in
the years ahead. Bernstein, president, Peter L.
Equity Strategies - "Structural Alphas and Betas"

-- Gary Brinson, CFA, president, GP Brinson Investments - "Some
Opinions and Reflections on the Future of Investment
Management"

"These special anniversary 'reflections ' are original articles
designed to provide a unique understanding of the investment
profession ," Arnott said. HOUSTON, Pulitzer Prize-winning political
columnist George Will is this fall's featured luncheon speaker at the Comerica
Business Forum on Wednesday, September 28, at the Hilton Americas Houston,
1600 Lamar Street, downtown.com .com/cgi-bin/prnh/20010807/CMALOGO )
The Comerica Business Forum, now in its 12th year, is an exclusive speaker
program featuring nationally -known experts in business, economics and world
affairs. Today it appears twice weekly in just under 500 newspapers in the
United States and Europe. Comerica focuses on
relationships, and helping businesses and people be successful. Comerica
Incorporated reported total assets of $54.

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CFA Institute has 75,000 members in 118 countries.

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We have invited many of these luminaries
to address the past , present and future," said Rob D. CFA Institute is headquartered in Charlottesville, Va." Tickets are available at $75 per person, or $675 for a table
of 10, through http://www. He served as a staff member in the United States Senate from 1970
to 1972, and from 1973 through 1976, he was the Washington editor of National
Review magazine.7 billion at June 30, 2005.comerica.

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This article details 10
fundamental changes that have taken place in the mutual fund
industry since 1945 and finds that, in aggregate, they have
benefited mutual fund managers to the detriment of mutual fund
investors.

Charles Ellis, CFA, chairman of Investors Education, explains
that successful investing can be almost as easy as avoiding
harmful "accidents" en route to achieving long-term
objectives.cfainstitute.S., 44-207-712-1719 in London or 852 -2868-2700
in Hong Kong. Will
has also published three books on political theory.

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About CFA Institute

CFA Institute is the global, non-profit professional association
that administers the Chartered Financial Analyst(R) curriculum and
examination program worldwide and sets voluntary , ethics-based
professional and performance-reporting standards for the investment
industry. Its
membership includes the world's 63,000 CFA charterholders, as well as
131 affiliated professional societies and chapters in 52 countries and
territories.
George Will's newspaper column has been syndicated by The Washington Post
since 1974.

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Bogle, founder of The Vanguard Group and president of
The Vanguard Group's Bogle Financial Markets Research Center,
writes how the mutual fund industry has undergone tremendous
change in the past 60 years.

Keith Ambachtsheer , president of KPA Advisory Services, says
the next frontier of investing lies beyond simply engineering
the implementation of new investment-decision tools.-
"Dividends and the Frozen Orange Juice Syndrome"

-- Abby Joseph Cohen, CFA, partner, Goldman Sachs - "Aristotle on
Investment Decision Making"

-- Mary Ann Jennings, professor of legal and ethical studies at
Arizona State University - "Ethics and Investment Management:
Thoughts on True Reform"

-- Martin Leibowitz, managing director of Morgan Stanley, U. The Anthology will be accompanied by a CD-ROM that
contains speeches from select FAJ 60th Anniversary Conference
(February 10-11, 2005 in Pasadena , Calif.

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Arnott, editor
of the Financial Analysts Journal. He has taught political
philosophy at Michigan State University, the University of Toronto and Harvard
University.

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LeBaron says that only when these
groups' expected performance is reformed can the investment
community say that it is fixing the system.

Pulitzer Prize-Winning Political Columnist George Will to Speak at Comerica Business Forum

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Dean LeBaron, CFA, president of Virtualquest, comments on two
groups, financial analysts and independent directors, who have
contributed to the recent corporate scandals, but who have not
been connected to them.

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Business Editors

CHARLOTTESVILLE, Va.

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Financial Analysts Journal Announces 'Reflections' Series to Celebrate 60th Anniversary of the Publication; Bogle Brinson Cohen and Other Investment All-Star

S.


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) presentations . In 1976, he became a regular contributing editor of
Newsweek magazine, for which he provides a bimonthly back-page essay.

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It began publishing
in 1945 and today is read by more than 100,000 securities analysts,
portfolio managers and other investment practitioners in more than 100
countries. He calls
for integration of powerful insights offered by information
theory and principle -agent theory into a holistic,
comprehensive theory of investing.W. Norman Schwarzkopf, Michael Dell, The Honorable James Baker,
former Secretary of Defense William Cohen, former Secretary of State Madeleine
Albright, Lee Iacocca, and award-winning CNN business journalist Lou Dobbs.

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"Since its launch in 1945, the FAJ has published thousands of
articles by thousands of authors, including eight winners of the Nobel
Memorial Prize in Economics. "Individually and together, they make the
perfect addition to any money manager's ongoing education. Will's speech will focus on "The Political
Argument Today.comerica. The Business Forum provides a venue for these experts to join local
business leaders to discuss issues and trends affecting the world today.
Previous Comerica Business Forum speakers include former President George H. Comerica Bank is a subsidiary of
Comerica Incorporated (NYSE: CMA), a financial services company strategically
aligned into the Business Bank, Small Business and Personal Financial
Services, and Wealth and Institutional Management.

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The first of the reflections appear in the January/February issue,
from luminaries John C.

Among the other authors contributing pieces to the Financial
Analysts Journal throughout this year-long celebration will be:

- - Peter L.

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Bush, General H.


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CFA Institute
was known as AIMR (Association for Investment Management and Research)
from 1990 to early 2004, and before that was two separate
organizations whose roots go back to 1947. To
receive e-mail alerts of breaking Comerica news, go to
http: //www.

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"
The first issue of the 60th anniversary series includes the
following highlights:

John C. Bernstein, Inc.

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