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NEWS RELEASES 2004-05

NEWS RELEASES 2004-05 :: AUGUST 5, 2004

Editorial Contacts:
John Dornan
SAS Institute Inc.
919.531.5234
john.dornan@sas.com

Nicole Nastacie
Bank of America
704.388.7252
Nicole.Nastacie@BankofAmerica.com

Priscilla J. Maynor
NC Department of Public Instruction
919.807.3451
pmaynor@dpi.state.nc.us

N.C. BOARD OF EDUCATION TO RECOGNIZE BANK OF AMERICA CHARITABLE FOUNDATION, SAS

-- Companies' support for North Carolina schools honored --

RALEIGH, N.C. (August 5, 2004) - Today, the State Board of Education will recognize the Bank of America Charitable Foundation for their $250,000 grant which made SAS inSchool's educational software resources available to classrooms across North Carolina.

The Bank of America Charitable Foundation, North Carolina Department of Public Instruction and SAS inSchool launched the two-year initiative at the beginning of the 2003-04 school year. "We've been pleased at the response from educators and students across the state to the innovative curricula offerings from SAS inSchool and believe these resources are helping our schools," said Board of Education Chairman Howard Lee. "The Bank of America Charitable Foundation grant is the type of public-private partnership that will help us meet the ambitious goals we've set for our children through the ABCs program."

The ABCs initiative is North Carolina's primary school-improvement and accountability program that emphasizes mastery of core subjects taught in grades 8-12, including English, social studies, science, mathematics and Spanish. Created by law in 1996, the ABCs of public education initiative measures student performance in a fair and accurate way.

"Bank of America is proud to partner with SAS inSchool in providing resources to teachers and children across North Carolina. This educational software continues to have a profound impact in our schools and, in turn, in the future of our communities," said Graham Denton, president, Bank of America, North Carolina.

"We're honored to work closely with the Bank of America Charitable Foundation and North Carolina's education leaders to support education through technology," said Dr. Jim Goodnight, SAS CEO and president. "The Bank of America Charitable Foundation grant in North Carolina has generated interest across the country, and the state can be proud of its status as a leader for implementation of technology in education."

SAS inSchool's standards-based resources are receiving growing acceptance across the country by middle schools, high schools, virtual schools, as well as community colleges and universities. The award-winning software offers a Web-based planning environment for teachers; for students, it promotes problem-solving and critical thinking skills.


About Bank of America Charitable Investments

With a $1.5 billion philanthropic goal over the next 10 years, Bank of America Charitable Investments is one of the largest corporate charitable organizations in the country and the largest private investor in Community Development Financial Institutions. The mission of Bank of America Charitable Investments group is to deploy a targeted array of philanthropic resources that help neighborhoods grow and prosper, thereby creating thriving environments where the bank's customers, associates and shareholders live, work and invest. For more information about Bank of America Charitable Investments, please visit the Foundation's Web site at www.bankofamerica.com/foundation.


About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with 5,700 retail banking offices, more than 16,000 ATMs and award-winning online banking with more than 10 million active users. Bank of America is the #1 Small Business Administration lender in the United States. The company serves clients in 150 countries and has relationships with 96 percent of the U.S. FORTUNE 500 companies and 82 percent of the Global FORTUNE 500. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange. www.bankofamerica.com


About the N.C. Department of Public Instruction

The North Carolina Department of Public Instruction administers the policies adopted by the State Board of Education and offers support to the public schools in North Carolina.


About SAS inSchool

SAS inSchool won the Technology and Learning Award of Excellence in 2000, 2001, and 2002 and was listed among Technology and Learning's Top Three Software Programs for 2001. SAS inSchool offers Web-based, multimedia instructional software, and educator learning and support services. For more information, please visit our Web site at http://www.SASinSchool.com.


SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies.
Copyright © 2004 SAS Institute Inc. Cary, NC, USA. All rights reserved.

About the North Carolina Department of Public Instruction:
The North Carolina Department of Public Instruction provides leadership to 115 local public school districts and 107 charter schools serving over 1.5 million students in kindergarten through high school graduation. The agency is responsible for all aspects of the state's public school system and works under the direction of the North Carolina State Board of Education.


For more information:
NCDPI Communications and Information, 919.807.3450.