Bankers Trust New York Corp. has landed a major account in its global retirement services unit.

The bank company has begun managing the profit-sharing retirement plan of Fort Howard Corp., a Green Bay, Wis., company that manufactures tissue paper.

Bankers Trust will manage half of the $600 million in Fort Howard's retirement plan. The bank, which currently manages a total $190 billion in assets, will also serve as trustee of the plan, and record keeper.

Fort Howard's retirement plan has 6,000 employees investing in it.

Participants will get access to the bank's Participant's Service Center, a unit of service representatives that initiates transactions and provides daily fund valuations, and account information.

As part of the service, the bank is managing three life-cycle funds, a portfolio of multiple managers.

Bankers Trust, a $103.7 billion-asset company, has provided employee benefit services to institutional clients since 1913.

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