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'Friends' Lives On, Winning Top Honors In AOL(r) Television's 2004 'TV's Top 5 Viewer Awards,' With Best Farewell Moment, Sexiest Kiss And Funniest Moment

Fans Cast Millions of Votes on America Online in Categories Celebrating the Year's Best Television Moments

Moments From 'Survivor,' 'Las Vegas,' 'American Idol,' 'ER' Also Win Kudos

Private Equity Fund Of Funds New York, September 14, 2004 - AOL Television, the leading television destination online*, today announced the winners of the 2004 TV's Top 5 Viewer Awards at AOL Keyword: TV Awards. These America Online-exclusive awards honor the best television moments of the past year in unusual categories such as Most Memorable TV Moment, Best Talk Show Moment, Best Animal Moment, Most Surprising Moment, and more. Fan-favorite show "Friends" grabbed the most awards, including Best Farewell Moment, Revlon's Sexiest Kiss and Funniest Moment. Since the nominees were announced in July by "American Idol" judges Paula Abdul and Randy Jackson, more than 3.6 million votes were cast on AOL for the best television moments from last season.
The nominated selections had all been featured on TV's Top 5, AOL Television's daily rundown of the best five moments of the previous day based on input from AOL editors, feedback from AOL members and viewing data provided by TiVo. Each day, members can view these moments and then rate them on a scale of one to five. TV's Top 5 is optimally experienced via AOL for Broadband.

During the last two years, PayCycle has won more awards than any other payroll solution. This includes two Codie finalist awards for Best Software Service (2005) and Best Business Software or Service (2004), two five star ratings from PC Magazine for an Overall Rating of Excellent (2004, 2003), a four star rating from PC World (2004), and a listing in the Accounting Today Top 100 Products two years in a row (2005, 2004).

Curve Equity Exposed Fund "We're pleased that the TV's Top 5 Viewer Awards can provide a forum where the real television fans can have their say in naming the best moments of the past year," said Patricia Karpas, Vice President and General Manager, AOL Television. "As we enter the new fall season, we look forward to providing AOL and AOL for Broadband members many more great television moments on TV's Top 5."

Company garners two top environmental honors from City of San Diego for recycling and energy conservation efforts (April 22, 2004)

Equity Income Funds The winners of the 2004 TV's Top 5 Viewer Awards are:

With top of the line production and musicianship, he Upside to Downtime is a complete and unique package worthy of fans from all walks of life.

Capital Casebook Equity BEST INTRO MOMENT:

Bruce Lee's master has been murdered by Oolong assassins, Fei Won. Fei Won and Master were best friends, and top students at their school. Unfortunately, Won took to a life of crime, as the head of the Oolong cartel. Master, determined to stop his friend, foiled major Oolong deals till Won sent his assassins after the one he once considered his brother. Take control, and play as Bruce Lee, as he seeks out the Oolong leader, to bring him to justice!

Private Investment In Public WINNER -- Danny is caught with the boss' daughter on NBC's "Las Vegas"
Ryan is welcomed to town by Luke on FOX's "The O.C."
Paris and Nicole arrive on the farm on FOX's "The Simple Life"
Alan Shore approaches Ellenor about a job on ABC's "The Practice"
Sydney's steamed when she sees Vaughn and his bride on ABC's "Alias"

Bruce Lee's master has been murdered by Oolong assassins, Fei Won. Fei Won and Master were best friends, and top students at their school. Unfortunately, Won took to a life of crime, as the head of the Oolong cartel. Master, determined to stop his friend, foiled major Oolong deals till Won sent his assassins after the one he once considered his brother. Take control, and play as Bruce Lee, as he seeks out the Oolong leader, to bring him to justice!

Equity Mutual Funds BEST FAREWELL MOMENT:

Birmingham Contact Equity WINNER -- The friends turn in their keys on NBC's "Friends"
Big tells Carrie she's the one on HBO's "Sex & the City"
Frasier says good night to Seattle on NBC's "Frasier"
Ryan and Marissa's last dance on FOX's "The O.C."
Adriana gets whacked on HBO's "The Sopranos"

Private Equity Investment Firm REVLON'S SEXIEST KISS:

Complying Deal Equity Funds WINNER -- Ross and Rachel on NBC's "Friends"
Britney and Madonna on the MTV Video Music Awards
Seth and Summer on FOX's "The O.C."
Garry Shandling and Brad Garrett on the "Primetime Emmy Awards" on FOX
Simon and Paula on FOX's "American Idol"

Equity Msn Private Wyoming BEST ANIMAL MOMENT:

American Equity Investment WINNER -- Paris and Nicole get close to cows on FOX's "The Simple Life"
David Letterman receives a monkey bombshell on CBS's "Late Show"
Jay Leno drops a baby ape on NBC's "Tonight Show"
Bob Costas is dogged by Triumph's insults on HBO's "On the Record"
Sheep nose in on a swimsuit model on SpikeTV's "Sports Illustrated Swimsuit Special"

Equity Index Funds BEST TALK SHOW MOMENT:

Equity Private Team Wyoming WINNER -- Regis lets Kelly's baby take a fall on "Live with Regis and Kelly"
Howard Stern makes David Letterman get personal on CBS's "Late Show"
Arnold Schwarzenegger governs over Jay Leno on NBC's "Tonight Show"
Steve Martin has problems being beautiful on "The Ellen DeGeneres Show"
Jerry Seinfeld gets the best of Jon Stewart on Comedy Central's "Daily Show"

Equity Group Investment MOST SURPRISING MOMENT:

Capital Development Equity WINNER -- A helicopter crashes into Dr. Romano on NBC's "ER"
Paul Shaffer reports David Letterman's big baby news on CBS's "Late Show"
Rachel kisses Ross before her trip to Paris on NBC's "Friends"
La Toya London gets voted off on Fox's "American Idol"
Boston Rob proposes to Amber on CBS's "Survivor: All-Stars Reunion"

Article Between Difference MOST MEMORABLE MUSIC MOMENT:

Contact Equity Private Wyoming WINNER -- William Hung auditions for the judges on FOX's "American Idol"
Prince duets with Beyonce Knowles on the GRAMMY(r) Awards on CBS
Fantasia's final performance on FOX's "American Idol"
The Fab Five rock out with Vince Neil on Bravo's "Queer Eye for the Straight Guy"
Vanilla Ice heats up a karaoke bar on The WB's "The Surreal Life"

Agreement Equity Investment FUNNIEST MOMENT:

Business Equity Funds WINNER -- Joey stars in a Japanese TV commercial on NBC's "Friends"
Jessica Simpson needs a vocabulary lesson on MTV's "Newlyweds"
Bill Murray's victory speech on the Golden Globe Awards on NBC
Dave Chappelle portrays Rick James on Comedy Central's "Chappelle's Show"
Ben Affleck is warned about "Gigli" on NBC's "Saturday Night Live"

Private Equity Fund MOST MEMORABLE REALITY TV MOMENT:

Investment Property Home WINNER -- America votes to awards one million dollars to Rupert on CBS's "Survivor: All-Stars"
Fantasia is voted the ultimate winner on FOX's "American Idol"
Donald Trump tells Bill that he's hired on NBC's "The Apprentice"
Trista ties the knot with Ryan on ABC's "Trista and Ryan's Wedding"
Jon lies about his grandmother's death on CBS's "Survivor: Pearl Islands"

Managed Equity Funds This is the third time that AOL Television has celebrated the fans' favorites with a special awards presentation. Last year's Viewer Awards honored television's hottest shows and actors including "Queer Eye for the Straight Guy," "The Bachelorette," Jennifer Aniston, Matt LeBlanc, and Sharon Osbourne.

Capital Entrepreneurial Equity AOL Television is the most comprehensive online resource for TV fans who want to be informed, engaged and entertained. Its newest feature, "New Shows to Know," includes previews and descriptions of the hottest shows premiering or returning this fall, as well as AOL Television's top picks for the very best new shows premiering this season. In addition, AOL Television's exclusive sneak preview of the full premiere episode of The WB's new series, "Jack & Bobby" resulted in nearly 700,000 viewings by AOL for Broadband members. A television industry first, the series premiere was made available online before its network debut.

Private Equity Hedge Funds About America Online, Inc.

Email Equity Private Wyoming America Online, Inc. is a wholly owned subsidiary of Time Warner Inc. Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.

Equity Loan On Investment *comScore Media Metrix, July 2004

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