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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

PATRICIA MATZYE JOINS CARTER, LEDYARD & MILBURN

--As Of Counsel in the Employee Benefits Practice Group--

NEW YORK, November 13, 1998 - The Wall Street law firm Carter, Ledyard & Milburn announced that Patricia Matzye has joined as Of Counsel in the Employee Benefits Practice Group of the firm's Tax Department. She was formerly in the same practice group at Milbank, Tweed, Hadley & McCloy.

Ms. Matzye's practice focuses on ERISA issues in corporate transactional work and providing counsel regarding qualified plans and welfare benefit plans. She has experience with defined benefit and defined contribution plans, as well as relevant issues such as nondiscrimination testing, fiduciary duties, early retirement windows, cash balance plans, prohibited transactions, and securities registration of plans. Ms. Matzye has negotiated benefit provisions and conducted due diligence in mergers and acquisitions. Not-for-profit organizations turn to her for advice on executive compensation, and tax deferred annuities.

"We are delighted that Patricia Matzye is joining us," said Robert A. McTamaney, Chair of the firm's Corporate Department. "She is well known in the Employee Benefits and Tax areas, where she has practiced exclusively for the last 10 years. Patricia is experienced in all of the employee benefits practice areas that are pertinent to our Firm's clients, including qualified plans, transactional counselling and plan merger work, welfare benefit plans and non-profit organizations. This is one of our most quickly expanding practice areas, and the addition of Patricia's skills and experience will allow us to continue that development."

Ms. Matzye, 48, received her J.D. from Fordham University Law School in 1988, her M.A. in 1977 from New York University, and her B.A., cum laude, from St. John's University in 1973. She is an active member of the ABA Section of Taxation (Employee Benefits Committee) and the WEB Network of Employee Benefits Professionals. Ms. Matzye resides in Kew Gardens Hills, New York.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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