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MassMutual Announces Promotions for Two Co-Chief Operating Officers
Date:11/21/2008

ident. Prior to founding IDM, Mr. Finke started the Par Loan Trading Desk at First Union Securities. Before that, he was a Vice President at Bear, Stearns & Co. He holds a B.A. from University of Virginia'sMcIntire School of Commerce and an M.B.A. from Duke University'sFuqua School of Business. He also served as a member of the founding Board of Directors of the Loan Syndications and Trading Association.

John V. Murphy

Mr. Murphy, a respected leader in the financial services industry, joined OppenheimerFunds as President in August 2000 and has served as Chairman since July 2001. He serves as President of all Oppenheimer funds. Previously, he had been Executive Vice President of MassMutual and head of MassMutual's Retirement Services business. Mr. Murphy will remain as Chairman of OppenheimerFunds and as President of all Oppenheimer funds until his retirement at the end of 2009. He will also remain Chairman of the Investment Company Institute.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual and its subsidiaries had more than $500 billion in assets under management at year-end 2007. Assets under management include assets and certain external investment funds managed by MassMutual's subsidiaries.

Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass. MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MML Investors Services, Inc., member FINRA and SIPC (http://www.finra.org and http://www.sipc.org); Mas
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