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ALLIANCE FOR INVESTOR EDUCATION
ANNOUNCES NAREIT AS NEWEST MEMBER

Umbrella Investor Education Site Adds New Resource for Investors

WASHINGTON, D.C.///January 22, 2002///The non-profit Alliance for Investor Education (AIE) today announced that the National Association of Real Estate Investment Trusts (NAREIT) is the newest organization to join its ranks.

The 20-member Alliance for Investor Education Web (www.investoreducation.org) provides investors with access to a full range of information they need to make wise investment decisions. NAREIT (www.nareit.com) is the national trade association for real estate companies. Members are real estate investment trusts (REITs) and other businesses that own, operate and finance income-producing real estate, as well as those firms and individuals who advise, study and service these businesses.

AIE President Michael D. Jones said: "I look forward to working closely with NAREIT to help us expand the role of investor education in the financial world and elsewhere. We expect that the ranks of the Alliance will continue to grow to include key investment topics and groups during 2002."

In welcoming NAREIT to AIE, the Alliance added the following links to its Web site: "REIT FAQs"(http://www.nareit.com/aboutreits/faqtext.cfm); "Investing in Real Estate Investment Trusts"(www.nareit.com/investing/aaiiarticle.pdf); and "Diversification Benefits of REITS"(www.nareit.com/mediaresources/IbbotsonFinal.pdf) .

ABOUT AIE

The full breadth of the investment world is represented in AIE's membership ranks. Full members of the Alliance include: American Association of Individual Investors, Association for Investment Management and Research, Bank Securities Association, Bond Market Association, Certified Financial Planner Board of Standards, Futures Industry Institute, Investment Company Institute, Investor Protection Trust, National Association of Investors Corporation, National Association of Real Estate Investment Trusts, NASD, National Futures Association, National Investor Relations Institute, the New York Stock Exchange, Securities Industry Association, and the Securities Investor Protection Corporation.

The SEC Office of Investor Education and Assistance, the Federal Trade Commission Bureau of Consumer Protection, the Board of Governors of the Federal Reserve System, and the North American Securities Administrators Association are among the government and quasi-governmental advisors to the Alliance.

CONTACT: Ailis Aaron Wolf, (703) 276-3265 or .



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