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MONEYGRAM FORMS NEW CHINA PARTNERSHIP

HONG KONG - MoneyGram Payment Systems, Inc. has said it will extend its international money transfer service to Taiwan through its new strategic partnership with Bank of Overseas Chinese (BOOC).

MoneyGram is a fast money transfer service that enables individuals to send and receive cash either domestically or internationally in just 10 minutes*, without the need for a bank account or credit card. The MoneyGram service will be available at all 53 locations of BOOC in Taiwan.

In mainland China, MoneyGram now has more than 350 locations in 75 cities and 17 provinces.

MoneyGram bolstered its agent network in China by renewing contracts with CITIC
Industrial Bank and Industrial & Commercial Bank of China (ICBC) in 2001 and signing Bank of Communications in 2002.

Bank of Communications, the first joint-stock commercial bank in China and one of the country's leaders in the remittance business, completed an initial rollout of the MoneyGram service last year at nearly 50 locations in 5 major Chinese cities - Shanghai, Guangzhou, Fuzhou, Wenzhou, and Yanbian.

MoneyGram will be rolled out to Bank of Communications locations in all major cities in the country by the end of the year.

COMERICA FORMS TRUST SERVICE ALLIANCE

DETROIT - Comerica Bank and Robert W. Baird & Co., an international wealth management, investment banking, asset management and private equity firm, today announced an alliance to provide Comerica's professional trustee services to Baird clients.

The alliance enables Baird Financial Advisors to offer their clients a complete array of fiduciary services, including personal trust, estate settlement and institutional trust services. Baird's more than 650 Financial Advisors will enhance Comerica's distribution channels.

Comerica Bank locations can be found in Michigan, California, Texas and Florida, with select businesses operating in several other states, Canada and Mexico.

Baird, established in 1919, is an international wealth management, investment banking, asset management and private equity firm with offices in the US, the United Kingdom, and Germany.

It's principal operating subsidiaries are Robert W. Baird & Co. in the US and the Robert W. Baird Group Ltd. in Europe.

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