Oppenheimerfunds, Inc. and Smith College
Financial Education Program Announce Partnership
Leading Asset Management Firm
Partners With Nation's Largest Women's College to Educate
Students for Financial Autonomy
NEW YORK, N.Y. OppenheimerFunds, Inc., and Smith
College's Women and Financial Independence program announced
today that they have entered into a partnership to help women
take control of their financial futures by offering non-credit
classes and programs geared toward understanding finances
and achieving financial independence.
"We are thrilled to enter into this partnership, which
is a true collaboration," said John Blomfield, Vice
President and Director of Educational Initiatives at OppenheimerFunds. "OppenheimerFunds
has a longstanding tradition of being an advocate for women
and supporting them in their professional and personal development.
We view this move as an extension of our commitment."
In 1992,OppenheimerFunds introduced groundbreaking research
on women and money, and used the findings as the foundation
for the firm's Women and Investing SM program. As the first
asset manager to promote financial empowerment among women,
it paved the way for others to follow. Recognizing the importance
of financial education early on, in 2001, Smith established
its Women and Financial Independence program (WFI), becoming
the first college to launch an effort to educate women on
In addition to supporting WFI courses and symposia, OppenheimerFunds
is arranging for some of the firm's portfolio managers to
teach WFI classes on the economy and on financial principles,
and share their work experience with Smith students. OppenheimerFunds
is also inviting Smith students to submit their resumes for
internships with the company.
"Women have become a powerful force when it comes
to money," said Blomfield. "Our goal is to teach
college students concepts they need to know about managing
the money they earn, investments, retirement and help them
use this knowledge as they embark on their careers."
Smith's WFI Program features workshops, panels, and non-credit
courses, all designed to educate Smith students in matters
of personal finance. WFI is a comprehensive effort to help
young women take hold of their financial futures by understanding
the central role of economics in their lives. The program
is believed to be the first in the nation aimed specifically
at undergraduate women and is intended to strengthen the
college's ability to attract and prepare students for leadership
positions, particularly in business and finance. One of the
most popular offerings is "Backpack to Briefcase," an
intensive, one-day workshop for seniors, designed as a crash
course on the many financial decisions they will need to
make as they embark on their post-college lives.
Smith College is consistently ranked among the nation's
foremost liberal arts college. Enrolling 2,800 students from
every state and 60 other countries, Smith is the largest
undergraduate women's college in the country.
OppenheimerFunds, Inc. is one of the nation's largest and
most respected investment management companies. As of December
31, 2003, OppenheimerFunds, Inc., including subsidiaries
and controlled affiliates, managed assets of more than $150
billion, including assets in more than 60 mutual funds and
more than 7 million shareholder accounts.
Investors should consider the fund's investment objectives,
risks and charges and expenses carefully before investing.
The fund's prospectus contains this and other information
about the fund, and may be obtained by asking your financial
advisor, calling us at 1.800. 525.7048 or visiting our website
at www.oppenheimerfunds.com. Read the prospectus carefully
The products and services of the company and its controlled
affiliates include: mutual funds, hedge funds of funds, qualified
retirement plans for individuals and corporations, privately
managed accounts, and investment management for pension plans,
foundations and other institutions OppenheimerFunds is widely
recognized as a leader in educating and empowering investors
and for its award-winning customer service.
OppenheimerFunds, Inc., Two World Financial Center, 225
Liberty Street, 11th Floor, New York, NY 10080
OppenheimerFunds, Inc. is not affiliated with Oppenheimer & Co,
Inc. or Oppenheimer Capital.
Office of College
Northampton, Massachusetts 01063
T (413) 585-2190
F (413) 585-2174