Pan-American Life 401(k) now Integrates with ASC Valuation System

New Orleans, La – March, 2003 Contacts:

Gregg Fischer	Mary Turley
Second VP, Corporate Marketing	Marketing Director
Pan-American Life	Actuarial Systems Corporation
504.566.3303	800. 898-6396
gafischer@panamericanlife.com	mary@asc-net.com

  In a joint endeavor, Pan-American Life and Actuarial Systems Corporation (ASC) have built an interface between Pan-American Life’s 401(k) record keeping systems and ASC’s defined contribution plan administration software system. This interface streamlines the transfer of participant information between Pan-American Life and the ASC defined contribution plan administration, compliance testing and reporting system. The ASC valuation software is a complete program that enables its customers to receive information directly from Pan-American Life through this new interface – creating great efficiencies in report generation and compliance testing which TPA’s provide to customers who invest through Pan-American Life. “ASC is well known and highly respected for the software it develops for the pension industry,” Rob Jennings, vice president of pensions sales at Pan-American Life, said. “Having our back-end data integrate seamlessly with the ASC system makes our already strong 401(k) product even stronger for the TPA market.” About Pan-American Life Insurance Company New Orleans-based Pan-American Life has been a leading international financial services and insurance company for more than 90 years. Founded in 1911, Pan-American employs more than 1,500 worldwide, providing its top-rated life insurance, pension, worksite benefits and financial planning in 42 states and the District of Columbia (DC), as well as Puerto Rico and the Virgin Islands. Its international operations include affiliates in Panama, Guatemala and Colombia, and branch offices in Ecuador, El Salvador and Honduras. For more information, visitwww.panamericanlife.com About Actuarial Systems Corporation ASC is a leading software development company providing Pension Systems to the retirement plan industry for over 20 years. Systems include Defined Contribution/401k, Defined Benefit, Compliance, DV Direct daily valuation and AIM – Automated Information Manager. The ASC corporate headquarters is based in California with technical offices around the United States. For more information visitwww.asc-net.com.