[DST System, Inc.]

Remote Transfer Agent Processing System
TA2000/TRAC Internal Control Report

Description of DST Systems, Inc.

DST Systems, Inc. (DST) is a global provider of information processing and computer software services and products to the financial services industry (primarily mutual funds and investment managers), telecommunications industry, the healthcare industry and other service industries. These services, which may be provided on a remote (client-hosted systems) or full service (DST-hosted systems) basis, include recordkeeping and processing for the healthcare, mutual fund, banking and insurance industries. Revenues are derived primarily from remote or full service transfer agency or third-party administration product offerings that utilize DSTs software applications being processed at its data centers or derived from presentation and delivery (either printed or electronic) and archival of customer documents, and are based upon the number of statements mailed and/or the number of images produced.