AMERICAN COLLEGE, LUTC COMBINE

September 25, 2000

The American College and LUTC Inc. have approved a plan that will combine both organizations into a educational organization serving the financial services industry. The plan will combine the LUTC’s life insurance sales training expertise with The American College’s academic strengths in the technical subjects of financial services.

Under the consolidated structure, the educational, marketing, student support, and customer service functions will be promptly transferred to The American College’s 35-acre campus in Bryn Mawr and LUTC will sell its 20,000 square foot headquarters in Bethesda, Md.