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 "San Antonio, Texas - The DaimlerChrysler Corporation Fund has contributed $25,000 to the leading U.S. Hispanic higher education association to enhance the academic success of the nation's fastest-growing minority population.

""DaimlerChrysler has proven a leader and a solid corporate ally in efforts we all must embrace to open more doors to college for what in a few years will become this country's largest minority population,"" said Antonio Flores, President of the Hispanic Association of Colleges & Universities (HACU). ""We are grateful for their continuing support.""

The unrestricted gift from the DaimlerChrysler Corporation Fund will be used to strengthen and increase HACU's reach to its more than 240 member colleges and universities with high Hispanic student enrollment rates in the United States, Puerto Rico and abroad.

DaimlerChrysler Corporation, one of the world's leading automotive, transportation and service companies, has provided past scholarship and conference support to HACU. The manufacturer of Chrysler, Jeep, Dodge and Mercedes-Benz was a major corporate sponsor of HACU's 13th Annual Conference in Miami in 1999.

""Our support of institutions such as HACU helps improve Hispanic access to higher educational opportunities,"" said W. Frank Fountain, Senior Vice President, Government Affairs, DaimlerChrysler Corporation, and President of the DaimlerChrysler Fund. ""Higher education enables Hispanics and people of all ethnic backgrounds to acquire the skills necessary to compete for jobs in today's global workplace.""

DaimlerChrysler supports educational access for Hispanics in other ways, as well. Since 1992, the corporation has produced a Financial Aid Guide for Hispanics and has distributed thousands of copies of the annual booklet, free of charge, to colleges, high schools, libraries and educational organizations throughout the United States.

The publication provides students with information about requirements and deadlines for hundreds of scholarships, fellowships, grants and other college financial aid programs available to Hispanic students.

The company's support for minority initiatives extends beyond the education arena. In 1999, DaimlerChrysler won an award from the National Coalition of Minority Businesses for its outstanding efforts in increasing business relationships with minority-owned automotive suppliers.

For more information, contact Dey Rossell at HACU's national headquarters in San Antonio, Texas, at (210) 692-3805, ext. 3242. "