August  24, 1998
Contact: Carol Wood
	  (804) 924-6189	


AIMR PLANS MOVE TO UVA'S FONTAINE RESEARCH PARK

	The Association for Investment Management and Research (AIMR)
plans to move from one University of Virginia-affiliated property to
another to accommodate vigorous growth over the past decade, officials
from the two organizations announced this week.
	AIMR has signed a lease with the University of Virginia
Foundation for its new headquarters at the Fontaine Research Park. AIMR
will use about 50,000 square feet of space in the new building, with the
remaining 20,000 square feet reserved for the University. The move will
nearly double AIMR's current office space.
 	"Our move to the Fontaine Research Park marks the beginning of
an exciting new era in AIMR's history of supporting the investment
industry," said Thomas A. Bowman, CFA¨, president and chief executive
officer of AIMR.  "We are pleased to be able to build on our long
standing relationship with U.Va. by leasing space in the latest addition
to the park, and it is my hope that U.Va. and AIMR may find other
synergies which will benefit both organizations in fulfilling their
respective goals."
	Construction of the $8 million, 3 1/2-story, 70,000 square-foot
building, designed by The Glave Firm of Richmond, is expected to be
completed by September 1999. The general contractor will be Kjellstrom
and Lee, also of Richmond.
	"AIMR is an important contributor to the Charlottesville
economy, and the University is proud to have played a role in supporting
the organization as it has grown over the years as a tenant at our
Boar's Head property," said Leonard W. Sandridge, U.Va. executive vice
president and chief financial officer.  "We look forward to expanding
our existing academic alliances and to working with AIMR in its new home
at Fontaine."
	The AIMR building will be the fifth structure in the Fontaine
Research Park.  The U.Va. Health Services Foundation opened its doors in
1994. A second building, now home to the U.Va. Development Office, the
Virginia Neurological Institute, Multimedia Medical Systems, and the 
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Neuroclinical Trials Center, opened two years later. In July,
U.Va.-HealthSouth Rehabilitation Hospital began operations, and in
September the Musculoskeletal Medical Office Building will be completed
and open for business.
	"We welcome our association with AIMR, which we hope will extend
well beyond the signing of a lease," said Tim Rose, chief executive
officer of the University of Virginia Foundation, which owns and manages
University-affiliated real estate projects. "Partnerships such as this
continue to demonstrate how important the University and higher
education can be to the health and continued growth of the
Charlottesville/Albemarle area."
	AIMR was formed in 1990 through the merger of the Institute of
Chartered Financial Analysts and the Financial Analysts Federation. It
has 125 employees and has outgrown its current facilities at the Boar's
Head Business Park.
	AIMR is a global, nonprofit organization that provides programs
and services to more than 33,000 investment professionals from 70
countries. Through its headquarters in Charlottesville, and more than 80
affiliated societies and chapters worldwide, AIMR provides global
leadership in investment education, professional standards, and advocacy
programs 
	In addition to rapid growth among its membership, AIMR has seen
enrollment in its Chartered Financial Analyst (CFA) program grow by
nearly 300 percent over the past five years, reaching more than 50,000
candidates this year.
	Fontaine Research Park, a master-planned 54-acre park, zoned for
approximately 400,000 square feet of development and located near the
University's main Grounds, is one of two research parks owned by the
U.Va. Foundation. It also operates the University of Virginia Research
Park at North Fork, a master-planned 532-acre park that could eventually
be home to three million square feet of development. North Fork is
located eight miles north of the University and is directly adjacent to
the Charlottesville/Albemarle Airport and U.S. Route 29.

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	For more information about AIMR's move, call Moira Bourgeois at
(804) 980-3611. For other information on AIMR, call (800) 247-8132,
(803)
980-3668 or visit the AIMR web site at http://www.aimr.org

	For more information about the University's research parks, call
Tim Rose at (804) 982-4848. Also, see more on U.Va.'s research parks at:
http://intercom.virginia.edu/uvaparks/

	Television reporters should call the TV News Office at (804) 924
7550.