TOUR Tournaments Generate Record $82.8 Million for Charity in 2003

All-time total for PGA TOUR, Champions Tour, Nationwide Tour over $820 million

Pebble Beach, CA (February 4, 2004) � Tournaments on the PGA TOUR, Champions Tour and Nationwide Tour collectively generated a record $82.8 million for charity in 2003, bringing the TOUR�s all-time donations to more than $820 million.

In announcing the charity total today at a state of the TOUR press conference, PGA TOUR Commissioner Tim Finchem noted that the 2003 figure represents a $10 million increase, or about 14%, over the previous year.

�It�s truly remarkable what the tournaments and their volunteers were able to accomplish in terms of charitable giving, particularly in light of last year�s difficult economic environment,� Finchem said during a press conference in advance of tomorrow�s opening round of the AT&T Pebble Beach National Pro-Am. �Giving back always has been a fundamental part of the TOUR, and it is an important reason corporate America has continued to align itself with our tournaments despite the challenging economic climate.�

Finchem noted that two first-year tournaments on the PGA TOUR � the Wachovia Championship in Charlotte, NC and Deutsche Bank Championship in Boston � successively established charitable records for new events. The Wachovia Championship, contested in May, generated $1,150,000. The Deutsche Bank Championship, held Labor Day weekend, followed by announcing nearly $1.5 million.

He also cited two TOUR events in Texas that reflected more than a $1 million increase over the previous year � the Bank of America Colonial and Valero Texas Open.

�As impressive as the dollar figures are, the real story is in the thousands of charities and hundreds of thousands of lives that benefit from these contributions every year,� Finchem said. �As we track toward $1 billion over the next two years, it�s important to recognize the incredible impact the tournaments on all three Tours continue to have on their individual communities.�