ORLANDO, Fla. -- Speaking at the 2004 Operations Conference and Service Provider Exhibition here, Investment Company Institute President Paul Schott Stevens stressed the importance of funds and their operations support working together with regulators and the media to redefine the culture of the mutual fund business in the wake of the largest scandal in its history.

In a keynote address, Stevens laid out his agenda for next year for the more than 400 vendors and fund operations personnel. The lynchpin of his agenda includes advancing shareholder interests, raising the bar for ethical standards and working with the media to raise public awareness of mutual funds as the "very best investment vehicle for people of modest means."

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