OppenheimerFunds Adds Roth 401(K) and Roth 403(B) Options...

[roth401k]

New Savings Vehicles Allow Employees to Invest on an After-Tax Basis
With No Income Restrictions

NEW YORK, Dec. 12 /PRNewswire/ --

OppenheimerFunds, Inc., a leading asset
management company, announced today that it will offer an after-tax salary
deferral option for its 401(k) and 403(b) retirement programs effective
January 1, 2006. The new after tax features are known as Roth 401(k) and
Roth 403(b), and both resulted from the Economic Growth and Tax Relief
Reconciliation Act of 2001 (EGTRRA). This legislation and related tax rules
established the ability for 403(b) and 401(k) plan participants to make after-
tax "Roth" type contributions beginning January 1, 2006.
"The new Roth savings option offers advantages to a broad spectrum of
employees, including younger workers, high-income earners, dual-income couples
and investors with large accumulations of tax-deferred and taxable assets,"
said John Stoma, Senior Vice President, Director of Retirement Plans at
OppenheimerFunds. "We are

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