OppenheimerFunds Selects Envision Financial Systems to Provide Shareholder Accounting for 529 Plans and Institutional Money Market Fund Business

IRVINE, CA. - 26 September 2006

Envision’s PowerAgent transfer agency system helps provide flexibility for plan and fund shareholders

Envision Financial Systems, the award-winning software company for the financial industry, today announced that OppenheimerFunds has selected the PowerAgent transfer agency system to help service its 529 plans and Institutional Money Market business. The move to the new system will help give OppenheimerFunds greater flexibility in servicing these products in these competitive markets.

Envision was selected after a comprehensive review of technologies and services available in the market. OppenheimerFunds was looking for a product that would help it achieve quality and efficiency improvement objectives.

“Right from the beginning it was obvious to us that OppenheimerFunds was looking for creative solutions that would open doors of opportunity and help make them more efficient” says Brian Jones, Senior Vice President of Strategic Planning and Business Development at Envision. “After taking the time to understand their needs, we were able to offer flexible solutions that will help enable them to maximize business processes both today and well into the future. We are honored to be a valued partner of OppenheimerFunds and look forward to a long and mutually beneficial relationship.”

“Through our discussions with Envision, it was clear that they understood our business and technology issues,” says Susan Cornwell, Senior Vice President for OppenheimerFunds. “Their team has been exceptional to work with, and have really gone the extra mile to ensure that all our concerns were addressed. The new PowerAgent system will give us greater flexibility and allow us to operate more efficiently. We are very pleased with our decision and hope to grow these important lines of business with Envision.”

Envision’s PowerAgent platform was recently enhanced to incorporate 529 plan capabilities as part of a strategic plan to enter growth markets. Institutional Money Market functionality along with several other product capabilities has been core to the PowerAgent system for many years.

Envision’s PowerAgent system combines full features, robust scalability and flexibility for fund companies. Built using the latest in open standards and best-of-breed technology, PowerAgent has helped fund companies around the world, reduce costs and improve shareholder satisfaction.

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