NORTHWESTERN MUTUAL TRUST

Northwestern Mutual’s application for a limited-purpose federal thrift charter was approved last month by the Office of Thrift Supervision. The charter will enable the company to form Northwestern Mutual Trust Company, which is expected to be operational in January 2001. Northwestern Mutual Trust will offer a full range of personal trust products and services, as well as investment management services, according to James D. Ericson, Northwestern Mutual’s chairman and CEO.