SHELTON, Conn. - American Skandia Inc. has promoted Michael Murray to senior vice president and national markets director for mutual funds and Patti Abram to senior vice president and national markets director for life insurance and wrap products.

Both are newly created positions and both Mr. Murray and Ms. Abram will help American Skandia launch a broad wrap-fee product portfolio in 2001 that will be marketed nationally by the company's sales force. It is the first of several wrap-product introductions being planned.

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