CALAMOS Creates Dedicated Client Services Department

Naperville, Illinois, UNITED STATES


NAPERVILLE, Ill., Nov. 16, 2000 (PRIMEZONE) -- John P. Calamos, President and Chief Investment Officer of CALAMOS(r) ASSET MANAGEMENT, INC., has announced the recent creation of a dedicated Client Services department at the firm. The department serves financial consultants and clients of CALAMOS individually management accounts as well as shareholders of its family of mutual funds. The group was established in response to the rapid growth the firm has experienced for several years running.

Institutional and separately managed accounts have been CALAMOS' primary focus since 1977. In addition, the firm has served mutual fund customers since the inception of the CALAMOS Convertible Fund in 1985 and now offers seven funds through the CALAMOS Family of Funds. Together, these programs represent over $6.0 billion in assets under management as of September 30, 2000. The introduction of a dedicated department represents a focused effort to continue building upon the firm's investor base.

At the same time, the firm has contracted with Janna Systems Inc. for its Janna Enterprise Suite, enterprise-wide e-business Client Relationship Management (CRM) solutions. The system provides CALAMOS' staff and its strategic partners detailed information to strengthen their relationships with clients. The program is being implemented by Seritis Services Group, LLC, a strategic partner of Janna.

Commenting on these developments, Calamos said, "We are excited about these changes, which will enhance our capability to provide state-of-the-art service to clients and more effectively service their investment needs. This focused department and effort leverages our communications and servicing strengths and helps us tell our story in a more consistent and timely manner. When combined with the benefits that Janna Enterprise Suite offers us, we look forward to enhancing our relationships with strategic partners and ultimately, with investors."

About CALAMOS ASSET MANAGEMENT, INC.

CALAMOS ASSET MANAGEMENT, INC. is an independent asset management firm specializing in convertible bond research and management. Headquartered in Naperville, Illinois, CALAMOS provides professional money management services to clients that include major corporations, public and private institutions, pension funds, insurance companies and individuals. The firm has experience in convertible bonds since 1977 and currently manages approximately $6.0 billion in assets. The firm also is investment advisor to a family of seven mutual funds. More information is available at www.calamos.com or at 800-582-6959.


 RE:  CALAMOS Convertible Fund (CCVIX)
      CALAMOS Convertible Growth and Income Fund (CVTRX)
      CALAMOS Market Neutral Fund (CVSIX)
      CALAMOS Growth Fund (CVGRX)
      CALAMOS Global Convertible Fund (CVLOX)
      CALAMOS High Yield Fund
      CALAMOS Convertible Technology Fund

Note: Trading symbols are for class A shares. Additional share classes are available for each fund.

Past performance is no guarantee of future results. For more complete information, including charges and expenses, call for a Prospectus. Read it carefully before you invest.

In addition to market risk there are certain risks associates with an investment in the Fund(s), such as default risk -- the company issuing a convertible security will be unable to repay principal and interest; and interest rate risk -- the Fund(s') investments may decrease in value if interest rates increase.



        

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