WESTWOOD, Mass., April 17, 2008 – New York Life Retirement Plan Services (New York Life), a division of New York Life Investment Management LLC (NYLIM), announced that it has significantly broadened its total retirement outsourcing (TRO) relationship with Roseburg Forest Products Company, Dillard, Ore.

            New York Life will now administer Roseburg’s Carpenters Industrial Council Plan, a defined benefit plan in excess of $225 million.  The additional plan was brought on board in February 2008, bringing Roseburg’s plan assets with New York Life to over $440 million, with 3,900 defined contribution participants and 9,085 defined benefit participants. 

            “We have been with New York Life since 1997, and our experience lent itself to broaden that relationship without hesitation,” said Hank Snow, vice president of human resources at Roseburg.   “New York Life is simply the right choice for our whole retirement package.”

            New York Life is known as a leader in total retirement outsourcing, offering sponsors of multiple plans (defined contribution, defined benefit, and non-qualified) comprehensive programs with fully integrated retirement benefits. 

About Roseburg Forest Products

            Roseburg Forest Products is a progressive, closely-held forest products company, building value with timberlands, safe and efficient manufacturing, and highly capable people. We market quality products and superior customer service at a profit to sustain growth.

            Based in Dillard, Oregon, we are a quality manufacturer and marketer of a diverse line of building materials and specialty products that include lumber, hardwood and softwood plywood, engineered wood products, decorative melamine, medium density fiberboard, particleboard and specialty panels. With lands and facilities in the Northwest and Southeast, we market products to customers throughout North America.

About New York Life Retirement Plan Services

            New York Life Retirement Plan Services oversees more than 2,100 comprehensive defined contribution, defined benefit and deferred compensation plans as of December 31, 2007. With offices in Westwood, Massachusetts, and Parsippany, New Jersey, New York Life Retirement Plan Services administers retirement programs for small, medium and large companies, multi-employer plans, and individuals throughout the United States, and is widely recognized for its leadership in bundled defined contribution and bundled defined benefit plans.

About New York Life Investment Management

            New York Life Investment Management Holdings LLC, ranks among the largest asset management firms in the United States.  Through its multiple boutique investment structure, NYLIM delivers competitive investment performance through an array of products designed for both institutional and retail clients. Through MainStay Investments, NYLIM distributes some of the most highly regarded mutual funds and wrap accounts in the industry. 

            NYLIM is a leading provider of retirement plans for corporations, multi-employer trusts, and individuals, and is recognized as one of the nation’s top providers of guaranteed products to both the qualified and non-qualified markets. Together with its affiliates and over 1,400 employees, NYLIM manages over $249 billion in assets as of December 31, 2007.

            Securities distributed by NYLIFE Distributors LLC.

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Contact:
Sarah Lazarus
CL- Media Relations
T: 978-369-4478
sarah@cl-media.com

Nancy Paris
New York Life Investment Management
T: 973-394-4410
Nancy_Paris@nylim.com