Salomon Smith Barney Financial Services Conference

1/29/2002


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Table of Contents

Salomon Smith Barney Financial Services Conference

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2001 Accomplishments

2002 Priorities

Simplified Organizational Structure

Line of Business – Revenue Drivers

The Asset Management Business at Key

PEG Cost Savings Non-interest Expense: Actual (a) vs. Inflationary Growth (b)

Focus on Credit Quality Portfolio Characteristics

Credit Quality Indicators

First Quarter 2002 Outlook (Compared with 4Q01)

Victory Capital Management

Client, Distribution and Product Profile

Building Blocks of Our Firm

AUM by Asset Class

AUM by Product Vehicle

Performance Highlights: Performance Relative to Benchmark

Performance Highlights: Performance Relative to Benchmark

Performance Highlights: Victory Funds Risk/Reward

Strategies to Grow the Business

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Author: KeyCorp