BALA CYNWYD, Pa., Jan. 10, 2004 (PRIMEZONE) -- Excelsior Mutual Fund investors have ten (10) days to move for lead plaintiff in a securities fraud class action recently brought against The Charles Schwab Corporation (NYSE:SCH), Charles Schwab & Co., Inc., U.S. Trust Corporation, and the Excelsior Mutual Funds. If you purchased any of the Excelsior Funds listed below between November 23, 1998 and November 14, 2003, inclusive (the "Class Period") and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the Northern District of California by January 20, 2003.
The following Excelsior Funds are subject to this suit:
Excelsior California Tax Exempt Income Fund (NASDAQ:UMCAX)
Excelsior Early Life Cycle Fund (NASDAQ:UMLCX)
Excelsior Funds Equity Income Fund (NASDAQ:UMEIX)
Excelsior Funds Inc. Biotechnology Fund (NASDAQ:UMBTX)
Excelsior Funds Inc. Blended Equity Fund (NASDAQ:UMEQX)
Excelsior Funds Inc. Emerging Markets Fund (NASDAQ:UMEMX)
Excelsior Funds Inc. Energy & Natural Resource Fund (NASDAQ:UMESX)
Excelsior Funds Inc. High Yield Fund (NASDAQ:EXHYX) (NASDAQ:UMHYX)
Excelsior Funds Inc. Large Capital Growth Fund (NASDAQ:UMLGX)
Excelsior Funds Inc. Real Estate Fund (NASDAQ:UMREX)
Excelsior Funds Inc. Value & Restructuring Fund (NASDAQ:EXBIX) (NASDAQ:UMBIX)
Excelsior Funds Mid Cap Value Shares Fund (NASDAQ:EXVAX) (NASDAQ:UMVEX)
Excelsior Government Money Fund (NASDAQ:UTGXX)
Excelsior Institutional Equity Fund (NASDAQ:EXEQX)
Excelsior Institutional Funds International Equity Fund (NASDAQ:EXIIX)
Excelsior Institutional Money Fund (NASDAQ:EXINX) (NASDAQ:EXIXX)
Excelsior Institutional Total Return Fund (NASDAQ:EXTBX)
Excelsior Intermediate-Term Managed Income Fund (NASDAQ:UIMIX)
Excelsior Intermediate-Term Tax-Exempt Fund (NASDAQ:UMITX)
Excelsior International Fund (NASDAQ:UMINX)
Excelsior Long Term Tax Exempt Fund (NASDAQ:UMLTX)
Excelsior Managed Income Fund (NASDAQ:UMMGX)
Excelsior Money Fund (NASDAQ:UTMXX)
Excelsior Optimum Growth Fund (NASDAQ:EXOAX) (NASDAQ:UMGRX)
Excelsior Pacific/Asia Fund (NASDAQ:USPAX)
Excelsior Pan European Fund (NASDAQ:UMPNX)
Excelsior Short Term Government Securities Fund (NASDAQ:UMGVX)
Excelsior Short-Term Tax-Exempt Securities Fund (NASDAQ:USSSX)
Excelsior Tax Exempt Fund (NASDAQ:USSXX)
Excelsior Tax Exempt Funds Inc. New York Intermediate Term Tax Exempt Fund (NASDAQ:UMNYX) (NASDAQ:UTNXX)
Excelsior Treasury Money Fund (NASDAQ:UTTXX)
For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com.
If you are a member of the class described above, you may, not later than January 20, 2004, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action.