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S&P; Rates International Dollar Reserve Fund'AAAm'.

NEW YORK--(BUSINESS WIRE)--Aug. 4, 1999--

(Standard & Poor's CreditWire) Aug. 4, 1999--Standard & Poor's today assigned its triple-'Am' rating to the International Dollar Reserve Fund.

The triple-'Am' rating signifies excellent safety of invested principal and a superior capacity

to maintain a $1.00 per share net asset value at all times. This is accomplished through conservative investment practices and strict internal controls. The fund's portfolio will be reviewed by Standard & Poor's on a weekly basis.

The International Dollar Reserve Fund began operations on April 5, 1994, and offers three classes of shares (A, B, and C) to institutional clients. The investment objective is to seek current income which is not U.S. source income and to preserve capital. In pursuing its investment objective, the fund invests in a broad range of high-quality, U.S. dollar-denominated money market instruments and short-term debt obligations. The investment portfolio is diversified by both types of securities and types and nationalities of issuers. The fund is managed by BlackRock Institutional Management Corp. (BIMC), a wholly owned subsidiary of BlackRock, Inc. BlackRock is one of the nation's largest asset-management companies, with $140 billion in assets under management. PFPC International Ltd. serves as the fund's administrator, with PFPC Trust Company serving as custodian of the fund's assets. --CreditWire

Copyright 1999, Standard & Poor's Ratings Services

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