PRESS RELEASES

The Women and Money Guidebook section now offers new and helpful tips on financial topics using statistics that apply to women. The topics are categorized under daily money management, smart investing, and life transitions. Also added to the site is a recommended reading list with book reviews and links to information on First Union's commitment to women-owned businesses.

The site also contains informative articles, calculators and detailed worksheets that take into account the unique considerations of women and their finances, whether they're getting married, being a caretaker to an aging parent, separated or divorced.

"The site demonstrates First Union's commitment to providing superior financial advice and services to all of its customers and, in the process, helping women build a strong foundation that contributes to the future success of their businesses and the growth and security of their personal finances," said Debra Nichols, First Union senior vice president of Women's Financial Advisory Services. "These enhancements were made based on the tremendous feedback we've received from our customers, who depend on our web site for guidance in all their financial needs."

Women's Financial Advisory Services was started in 1997 by Don McMullen, First Union Corp.'s vice chairman who heads the Capital Management Group (CMG). CMG, a major company growth engine, includes First Union's asset management and investment services, providing a full array of unique, integrated financial products and services to individual and institutional investors. Women's Financial Advisory Services assists women with all their financial services needs.

First Union (NYSE: FTU), with $258 billion in assets and stockholders' equity of $14 billion at June 30, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 12 East Coast states and Washington, D.C., and full-service brokerage offices in 44 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com.

firstunion.com provides individuals and businesses with comprehensive information on financial products, services and planning tools to meet a broad spectrum of needs. The web site also contains company information for customers, shareholders and site visitors. First Union offers a wide range of customer-focused online banking services that cater to more than 1.6 million online banking and online brokerage customers. firstunion.com is a key, integrated delivery channel that complements First Union's ATM, First Union Direct, and extensive financial center and brokerage network, allowing customers to bank when, where and how they choose.