Berger Associates, Inc. (Berger) said today that the company is realigning its management team.

Specifically, effective November, 1999, Jack R. Thompson, who joined Berger in February as executive vice president, will become president and chief executive officer of Berger, succeeding Jerry Lavin. Thompson previously served as executive vice president of Janus Capital Corporation from 1983 until 1995.

In addition, Tino R. Sellitto and John B. Jares have been named co-managers of the Berger 100 Fund. Jares has become sole manager of the Berger Balanced Fund. Patrick Adams, previously managed the Berger 100 and Berger Select funds and was co-manager of the Berger Balanced Fund, has left the company to pursue other interests. The Berger Select Fund now will be co-managed by Amy K. Selner, Mark S. Sunderhuse, and Sellitto and Jares.

Landon H. Rowland, chairman and chief executive officer of Kansas City Southern Industries, Inc., of which Berger is a subsidiary, stated, "We are very pleased to have an individual of Jack Thompson's caliber and experience to take over the reins at Berger. Jack was instrumental in the growth of Janus from approximately $300 million to more than $26 billion in assets under management. We also are very appreciative of the efforts of Jerry Lavin who now through October 31, 1999 will focus his time on special projects including the management transition."

*More to come* 

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