Metropolitan West Financial And Stanford Athletics Announce MetWest Stanford National Training Center

Aug. 14, 2001

Stanford, Calif. - Metropolitan West Financial, Inc. (MetWest Financial) and the Stanford University Athletic Department today announced the creation of the MetWest Stanford National Training Center.

Operating under the Stanford swimming coaches and from existing training facilities on the Stanford University campus, the goal of the center will be to provide cutting-edge training opportunities that will help elite swimmers reach their full potential at the international level, including the Olympic Games. Swimmers in the program will compete under the MetWest Stanford National Training Center (MWSN) club team name.

The Stanford swimming program has produced and trained numerous Olympic swimmers in the past, including 2000 gold medallists Misty Hyman, Jenny Thompson and Dara Torres. The trio won six gold medals at the Sydney Olympic Games. Current swimming head coach Richard Quick has impressive coaching experience. Quick has coached in five Olympiads, including three of the last four as the U.S. head coach and has 12 NCAA championships as a collegiate head coach.

MetWest Financial will provide financial support that will help furnish the center with first-rate personnel and the most technologically advanced training equipment available to the sport of swimming. Among other benefits, swimmers and coaches in the program will make full use of the state-of-the-art Avery Aquatic Center. The facility features three exhibition pools, including two Olympic-size pools, and the Maas Family Diving Facility.

'The relationship between the Stanford Athletic Department and Metropolitan West Financial is a perfect example of the private sector giving invaluable support to the United States Olympic effort,' stated Quick. 'MetWest's sponsorship will help our staff uphold Stanford's long-standing tradition of developing top-performing, acclaimed athletes.'

Richard Hollander, president and chief executive officer of MetWest Financial, added, 'MetWest Financial and its affiliate companies have a strong commitment to professional excellence, which we believe is derived from important characteristics like integrity and perseverance, and applies to all occupational arenas. This sponsorship is in line with our core philosophy. We are honored to offer our assistance in developing these key attributes in some of our nation's top athletes, thus fostering their growth.'

About Metropolitan West FinancialHeadquartered in Los Angeles, Metropolitan West Financial is a diversified financial management company with ownership interests in various financial companies and investment advisors. These companies are managed as separate entities by key employees with substantial ownership interests. The firm and its affiliates manage more than $50 billion (as of June 30, 2001) and operate offices in Los Angeles, Sacramento, Truckee and Newport Beach, Calif., St. Petersburg, Fla. and Short Hills, N.J.

Metropolitan West Financial's affiliates include Metropolitan West Securities, Inc., an asset management and broker/dealer firm specializing in short-term fixed-income asset management and securities lending, Metropolitan West Asset Management, LLC, a firm specializing in fixed-income portfolio management, Metropolitan West Capital Management, LLC, a firm specializing in large-cap, value-oriented equities, MW Post Advisory, LLC, a high-yield bond management firm, MW Pritchard, Hubble & Herr, LLC, a firm specializing in asset management, estate planning and other financial services for airline pilots and other individuals, and Metropolitan West Financial and Strategic Services, LLC, a firm specializing in financial advice to private corporations, higher education institutions, and state and local governments. For more information, visit Metropolitan West Financial's website at www.mwfin.com.

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