AMVESCAP Reaches Final Settlement With Regulators

AMVESCAP Reaches Final Settlement With Regulators 


LONDON, Oct. 8  /PRNewswire-FirstCall/ -- AMVESCAP PLC today confirmed it has
reached final settlements with the Attorneys General of New York and Colorado,
the Secretary of State of Georgia and the U.S. Securities and Exchange
Commission (SEC) regarding the company's previously disclosed civil enforcement
actions and investigations related to market timing. The monetary amounts and
other terms of the final settlements are consistent with AMVESCAP's previously
announced agreements in principle with state regulators and the SEC staff.

"We're pleased to have this final settlement with our regulators," said Charles
W. Brady, executive chairman of AMVESCAP. "We deeply regret the harm done to
fund investors and have taken strong measures to prevent any recurrence.  Our
focus going forward is to maintain the highest ethical standards as we strive
to deliver strong investment performance to our clients around the world."

AMVESCAP has initiated changes across its operations to help ensure clients'
interests come first in all activities.  This year, AMVESCAP initiated a
program to significantly increase its legal, compliance and internal audit
capabilities.  AMVESCAP also created a company-wide compliance reporting line
that provides employees and others with a confidential way to voice concerns
about potentially improper activity.  In September, we introduced a new
function, Operational Risk Management, and assigned a Chief Risk Officer to
better identify, manage and track risk within the areas of finance, products
and client operations.  In addition, AIM Advisors implemented a number of
measures to strengthen controls and ensure compliance with policies designed to
protect the interest of fund shareholders.  They include:

   * Strengthened daily monitoring of trading activities

   * The imposition of a 2% redemption fee on additional funds believed to
     be most vulnerable to harmful short-term trading

   * The implementation of an enhanced exchange policy designed to limit
     exchanges between funds

   * An improved fair value pricing policy



AMVESCAP is a leading independent global investment manager dedicated to
helping people worldwide build their financial security.  Operating under the
AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding
products and services through a comprehensive array of retail and institutional
products for clients around the world. The Company is listed on the London, New
York and Toronto stock exchanges with the symbol "AVZ." Additional information
is available at http://www.amvescap.com/ .

This release may include statements that constitute "forward-looking
statements" under the United States securities laws. Forward-looking statements
include information concerning possible or assumed future results of our
operations, earnings, liquidity, cash flow and capital expenditures, industry
or market conditions, assets under management, acquisition activities and the
effect of completed acquisitions, debt levels and the ability to obtain
additional financing or make payments on our debt, regulatory developments,
demand for and pricing of our products and other aspects of our business or
general economic conditions. In addition, when used in this report, words such
as "believes," "expects," "anticipates," "intends," "plans," "estimates,"
"projects" and future or conditional verbs such as "will," "may," "could,"
"should" and "would," or any other statement that necessarily depends on future
events, are intended to identify forward-looking statements.

Forward-looking statements are not guarantees of performance.  They involve
risks, uncertainties and assumptions. Although we make such statements based on
assumptions that we believe to be reasonable, there can be no assurance that
actual results will not differ materially from our expectations.  We caution
investors not to rely unduly on any forward-looking statements. In connection
with any forward-looking statements, you should carefully consider the areas of
risk described in our most recent Annual Report on Form 20-F, as filed with the
United States Securities and Exchange Commission (SEC).  You may obtain these
reports from the SEC Web site at http://www.sec.gov/ . 

DATASOURCE: AMVESCAP PLC



CONTACT:  Doug Kidd, Corporate Communications of AMVESCAP PLC,

[phone]



Web site:  http://www.amvescap.com/ 

Copyright