Wednesday 31st of December 2003

Scott + Scott, LLC announces that a class action was commenced on December 23, 2003, in the United States District Court for the Southern District of New York on behalf of purchasers or those who acquired Marsh & McLennan Companies, Inc. ("Marsh") (NYSE: MMC) common stock during the period between January 3, 2000 and November 3, 2003 (the "Class Period"). If you would like to discuss this matter or any related matter with an attorney, you can contact Neil Rothstein at (619) 251-0887 or e-mail him at nrothstein@scott-scott.com . You can reach our San Diego office at 800/332-2259 or in Connecticut at 800/404-7770. Scott + Scott, LLC, a Connecticut-based law firm with offices in Chagrin Falls, Ohio (Cleveland-Akron) and San Diego, California, is a law firm with a national practice and reputation. The firm is currently litigating major securities, antitrust and employee retirement plan cases throughout the United States and represents funds, charities, foundations, individuals and other entities nationwide both as class cases and non-class cases. The complaint charges Marsh and certain of its officers and directors with violations of the federal securities laws (Securities Exchange Act of 1934). Marsh is a global professional services firm and is the parent company of various subsidiaries and affiliates that provide clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management and consulting. Marsh's investment management and related services are provided by Putnam Investments Trust and its subsidiaries. Putnam provides individual and institutional investors with a broad range of both equity and fixed income investment products and services, invested domestically and globally. The complaint alleges that Marsh represented that Putnam's mutual funds were designed to be long-term investments for "buy and hold" investors and were a favored investment for Americans' retirement plans or annuities for a child's education. Certain investors, however, have attempted to use mutual funds to generate quick profits by rapidly trading in and out of mutual funds which have been the topic of business news as of late (examples include the Mutual Fund's of Excelsior, Invesco, MFS, PBHG,SNWL, Van Kampen and more). Typically, these investors, who are able to time the market, seek to capitalize on low fund prices. They then focus on price discrepancies involving international funds (examples other than Putnam include those by Templeton, T Rowe Price, Scudder, Credit Suisse, Morgan Stanley and more). Market timers take advantage of price inequities and thereby damage long-term shareholders who own such annuities. The complaint alleges that Marsh had a duty to treat all shareholders equally. This duty would not permit granting one group of shareholders (i.e., market timers) privileges and rights not granted to all shareholders (i.e., long-term investors). In addition, when a fund's prospectus discloses that the fund management will act to limit timing the market, it cannot knowingly permit such activities. The complaint further alleges that Marsh knowingly permitted this behavior. As a result of the defendants' false statements and/or failure to disclose adverse facts regarding Marsh's Putnam subsidiary, Plaintiff alleges Marsh's stock price traded at inflated levels during the Class Period, increasing to as high as $67.43 on October 5, 2000, whereby the Company's top officers and directors sold more than $31 million worth of their own shares. Plaintiff seeks to recover damages on behalf of all purchasers of Marsh common stock during the Class Period. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.scott-scott.com . Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Signing and retaining Scott + Scott, LLC does not automatically make you a lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from December 2, 2003. If you wish to discuss this action with an attorney or have any questions concerning this notice or your rights, please contact attorney Neil Rothstein. Scott + Scott is engaged in the representation of funds, foundations, endowments, institutions, pension funds, individuals and other entities throughout the world in securities, antitrust and other complex class and non- -class action litigation. The firm maintains the highest standards for client satisfaction and communication. The firm's attorneys litigate in both state and federal courts throughout the nation. The firm has been appointed lead counsel in securities cases nationwide. The firm also recently settled cases against Mattel, Sprint and Emulex in which it was lead counsel and recovered hundreds of millions of dollars for shareholders in those cases. Source: Media Release Credit: Media Release #639564