USAA Investments Launches 3 New Index Funds By IndexFunds.com Staff November 8, 2000

USAA Investments recently launched three new index funds:

• USAA Nasdaq-100 Index Fund
• USAA Extended Market Index Fund
• USAA Global Titans Index Fund

"The popularity of the USAA S&P 500 Index Fund demonstrates that there's a place in a balanced portfolio for indexing," said Michael J.C. Roth, President and CEO of USAA Investment Management Company. "The addition of these three index funds will complement our offerings."

Fund name	Index it tracks	Expense Ratio	Minimum initial investment
USAA Nasdaq-100 Index Fund	Nasdaq-100 Index	0.85%	$3,000 ($2,000 for IRAs)
USAA Extended Market Index Fund	Wilshire 4500 Index	0.50%	$3,000 ($2,000 for IRAs)
USAA Global Titans Index Fund	Dow Jones Global Titans Index	0.85%	$3,000 ($2,000 for IRAs)

Source: USAA Index Funds Prospectus

Explanation of Indexes:

Nasdaq-100 Index: Modified cap-weighted index composed of 100 largest nonfinancial domestic and international companies listed on Nasdaq. Companies in the Nasdaq 100 include Microsoft, Oracle, and Starbucks.

Wilshire 4500 Index: Market cap-weighted index that includes all stocks in the Wilshire 5000 except those included in the S&P 500.

Dow Jones Global Titans Index: Cap-weighted index composed of 50 stocks of the world's largest multinational companies. Each Global Titan company has a market cap of at least $20 billion. Companies listed in this index include Toyota, Walt Disney, and AXA.

USAA Investments is the Nasdaq-100 Index Fund's investment adviser and Barclays Global Fund Advisors serves as the sub-adviser. Barclays Global Fund Advisors is responsible for investing the fund's assets.

USAA Investments is the Extended Market Index Fund's investment adviser and will invest the fund's assets in a separate fund having a substantially similar investment objective that is advised by Merrill Lynch Quantitative Advisers.

USAA Investments is the Global Titans Index Fund's investment adviser and Barclays Global Fund Advisors serves as sub-adviser selecting the fund's investments and placing orders to buy and sell the fund's investments.