In commenting on developments announced today by the New York State Attorney General and the New York State Insurance Superintendent, Michael G. Cherkasky, president and chief executive officer of Marsh & McLennan Companies, Inc. (MMC) said, "The criminal charges announced today are not against MMC, but against eight former employees who worked in the Excess Casualty division of Marsh's former Global Placement department. They stem from the conduct that the Attorney General outlined in his civil complaint against MMC last October. MMC and Marsh settled all charges against our companies by the New York Attorney General and Superintendent of Insurance relating to these matters last January. MMC and its operating companies use their websites to convey meaningful information about their businesses, including the anticipated release of quarterly financial results and the posting of updates of assets under management at Putnam. Monthly updates of total assets under management at Putnam will be posted to the MMC website the first business day following the end of each month. Putnam posts mutual fund and performance data to its website regularly. Assets for most Putnam retail mutual funds are posted approximately two weeks after each month-end. Mutual fund net asset value (NAV) is posted daily. Historical performance and Lipper rankings are also provided. Investors can link to MMC and its operating company websites through www.mmc.com....

MMC Comments on Developments Announced by the New York State Attorney General and the New York State Insurance Superintendent