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Thursday, July 29, 1999 Goldman and Amex Follow Up Fund Distribution With VA American Express Financial Advisors (AEFA) and Goldman, Sachs & Co. announced today the launch of the Goldman Sachs Variable Annuity which offers 16 of Goldman's funds. The annuity is issued and serviced by American Enterprise Life, a wholly owned subsidiary of American Express. Goldman Sachs will distribute the annuity through third-party broker-dealers nationwide and AEFA will make the the new product available through its advisor network in August. "Our alliance with Goldman Sachs is part of our larger strategy to expand our financial services business," said Dave Hubers, president and chief executive officer, AEFA. "This product is a great example of how we can use our strengths to collaborate with other companies to benefit consumers while growing our business." Printed from: MFWire.com/story.asp?s=24470 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |