Austin, Texas, Sept. 13 -- Computer Sciences Corporation (NYSE: CSC) announced that American Agricultural Insurance Company, Park Ridge, Ill., licensed CSC's SICS/nt software for its assumed reinsurance business. The AAIC license is for seven years.

SICS is the world's leading reinsurance system, first offered in the early `80s and used by more than 70 companies on five continents. SICS/nt is a new client-server version that provides a dramatic increase in functionality and usability. With separate versions tailored for the property/casualty and life reinsurance industries, SICS/nt is a client-centered application offering underwriting, claims, payables and receivables, and portfolio analysis/risk accumulation management in an easy-to-use, integrated package.

"We chose SICS/nt because we believe it is the best product to meet our long-term needs while making optimal use of current technology," said Gary Brinkley, CPCU, AIC, ARe, senior vice president for American Agricultural Insurance Company. "We received favorable reports from other users of SICS/nt, which is the most popular and widely accepted reinsurance system. We also were impressed with the extensive expertise of the CSC support staff."

"The SICS/nt system uses state-of-the-art technology to deliver simplified, cost- effective processing," said Ken Williams, president, Americas Division of CSC's Financial Services Group. "SICS/nt provides comprehensive business functionality and reusability that will enable AAIC to stay competitive in the ever-changing financial services market."

CSC's Financial Services Group offers a comprehensive array of business and technology solutions which support the complex requirements of the evolving global financial services industry. Customers include more than 1,000 banks, insurers, investment firms, consumer finance companies and other major financial services organizations around the globe.

Computer Sciences Corporation helps clients in industry and government use information technology (I/T) to achieve strategic and operational objectives. With 52,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service and technology offerings, including e-business strategies and technologies; management and I/T consulting; systems development and integration; application software; and I/T and business process outsourcing.

Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. Through numerous agreements with hardware and software technology firms, the company is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $8 billion for the twelve months ended July 2, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at www.csc.com.