New York Life Investment Management LLC Launches User Friendly Web Site for the Eclipse Funds

Parsippany, NJ — New York Life Investment Management LLC (NYLIM), which manages the Eclipse Funds, today launched an enhanced Web site — www.eclipsefunds.com  , to better meet the needs of investors.

The Eclipse Funds provide active and quantitative management of an array of equity, fixed income, blended, money market, and international funds across the risk/reward continuum. The Funds are designed for distribution through fee-based financial planners and wrap programs.

"Significant content and navigation changes have been made to the Eclipse Funds site as part of our commitment to improving the online investment experience," noted Steve Roussin, president and chief operating officer of NYLIM. "The improved site also reflects the specific 'look and feel' of NYLIM's sites, which are distinguished by their ease of use and rich content."

The revamped Eclipse Funds site features a new home page with lead stories, quick links, and easy access to fund overviews and current press releases. The site provides quick charts and interactive historical charting capabilities, plus new Investor Education, Tax Center, and Shop for IRAs sections. Valuable information about 529 college savings is also newly available.

In addition, Eclipse shareholders can view enhanced performance data including daily prices and month-end/quarter-end average annual total returns. The site provides on-line access to detailed fund overviews, information on the funds' management and portfolio manager biographies.

With more than $150 billion in assets under management as of March 31, 2002, NYLIM and its affiliates provide investment management and related services to a wide range of individual, corporate, public, and Taft-Hartley clients. NYLIM offers institutional asset management, retail investments, retirement plan services, guaranteed products, real estate investments, and alternative investments.

The Eclipse Funds are distributed by NYLIFE Distributors Inc., NYLIM Center, 169 Lackawanna Avenue, Parsippany, New Jersey 07054. For more information about any of the Funds, including a free prospectus that includes risks, fees and expenses, call (866) 2-ECLIPSE. Investors are advised to read the prospectus carefully before investing, consult a tax advisor before investing, and keep in mind that mutual funds are subject to market risk and will fluctuate in value.

Contact:

Bliss, Gouverneur & Associates
Martha Cid, Public Relations
(212) 840-1661

New York Life Investment Management LLC
Nancy Paris, Public Relations
(973) 394-4410

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