Internal Announcement July 10, 2005

Contact:

Matthew J. Saltzman
Director of Marketing
Todd Investment Advisors, Inc.
101 S. 5th Street, Suite 3160
Louisville,  KY 40202
P: 502-585-3121
msaltzman@toddinvestment.com

Internal Announcement

July 10, 2005

KOSAIR CHARITIES SELECTS TODD

Todd has been appointed to manage an equity portfolio on behalf of Kosair Charities.

Kosair Charities is an organization which plays a very important role in providing valuable and necessary services to the local community through Kosair Children's Hospital. This mandate demonstrates our commitment to providing tailored solutions to our not-for-profit clients.

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