New York State Teachers’ Retirement System Implements BondEdge for Fixed Income Analytics

Los Angeles, CA, August 11, 1998 – Capital Management Sciences, a division of Data Broadcasting Corp. (Nasdaq:DBCC), today announced the latest client to subscribe to BondEdge, the leading fixed income portfolio analysis software used by institutional investors. New York State Teachers’ Retirement System (NYSTRS)with over $75 billion in total assets under management joins a growing list of pension funds and plan sponsors adding BondEdge to their arsenal of analytical tools. NYSTRS made the decision in May to incorporate BondEdge into their fixed income portfolio process with implementation of the software now completed.

All of NYSTRS domestic fixed income is managed internally and as of March 31, 1998 represented over 15% of their total investments. With domestic fixed income assets approaching $11.5 billion, NYSTRS reviews their asset allocation strategy on a regular basis to determine optimal targets and ranges. They use BondEdge to incorporate factors like changing market conditions, interest rates, relative value of various market sectors and cash flow requirements into their decision process. A customized Lehman Brothers Government/Corporate Bond Index is used as a benchmark and is just one of the many bond indices replicated in BondEdge.

"We’re becoming more active managers and felt our portfolio was large enough to warrant a more complete package of analytics. From an analytical point of view, BondEdge had all the critical components we were looking for like performance attribution, compliance, cash flow matching, what-if scenarios and index analysis. We were also favorably impressed with how user-friendly BondEdge is and how easy it is to run reports and graphics," said Matthew Fitzgerald, Investment Officer for Fixed Income at NYSTRS.

About NYSTRS
The New York State Teachers’ Retirement System continues to be a leader among public pension plans. Their investments experienced a net appreciation of over $10 billion in fair value in 1997. Total membership exceeds 294,000 with more than 800 employers served, including public school districts and institutions of higher learning. More information on NYSTRS is available at http://www.nystrs.albany.ny.us.

About CMS
Founded in 1979, CMS is the recognized leader in fixed income analytical software with over 500 institutional investor clients. Long known for BondEdge, CMS is considered an independent source of research, analytics and valuation tools. CMS has extended its product offerings for institutional investors to include InSite for Capital Markets, an alternative real-time market data and research software package delivered via the Internet. CMS is a division of Data Broadcasting Corporation (Nasdaq:DBCC), a leading provider of real-time market data, stock quotes, and financial news and information. More information on CMS and BondEdge is available at www.cms-info.com Corporate information on DBC is available at www.dbc.com.

Contacts

Lorraine DiBacco
Vice President, Marketing
(310) 479-9715 ext. 5302
ldibacco@cms.dbc.com

Matthew Fitzgerald
New York State Teachers’ Retirement System
(518) 447-2736