Accenture, Halliburton, Hilton Hotels, PepsiCo,  Procter & Gamble, Seagate Technology and Unisys Corporation. We also won the corporate travel business of companies including Monsanto Company; Nestle USA; Nokia, Inc.; Panasonic; and The Shell Company  of Australia Limited. In addition, since establishing the first corporate travel joint venture in the People’s Republic of China just one year ago, we opened two new offices in China and began providing corporate travel services to more than 30 multinational and local corporations there. increase over prior years. For example, to broaden offerings in our mutual fund family, we launched 10 new sub-advised funds in the value, international and small cap categories, partnering with successful fund managers. Among our efforts to attract more affluent clients  and to capture more assets from our best existing clients, two notable developments were the launch of the American Express ONE Financial Account and  the rollout of American Express Platinum Financial Services across the United States. The American Express ONE Financial Account is an integrated financial management tool that combines our clients’ investing, banking, lending and card relationships into a single account. Since its launch,  we acquired $2.2 billion in new assets. Average assets for ONE clients are four times higher than for other AEFA clients.  Platinum Financial Services is a personalized, premium financial services program targeting customers with more than $500,000 in assets. Existing AEFA clients who enrolled in Platinum Financial Services invested significantly more of their assets with us, and Platinum portfolios for new clients averaged nearly $1 million. Another priority at AEFA has been improving the performance of our proprietary mutual funds. We made major changes to the leadership of our investment group and strengthened talent across the board. Steps taken included the hiring of several strong portfolio managers and analysts; the restructuring of our U.S. equity investment operation by establishing satellite offices in New York, San Diego and Boston; the reor- AEFA launched 34 new products across our asset man- agement, insurance and annuity businesses — a major American Express Financial Advisors is one of the premier financial planning companies in the United States, serving clients through a field force of more than 11,600 financial advisors. While 2002 was a tough  year for AEFA in terms of financial results, we made progress in a number of important areas to strengthen our platform for moderate to long-term growth. American Express also acted to expand our business in the growing market for prepaid payment products. Last year’s launch of the American Express Gift Card was the latest major addition to the company’s portfolio of prepaid services. The Gift Card can be used at all retailers in the United States that accept the American Express Card. We also improved one of our original prepaid products, the 111-year-old American Express Travelers Cheque. In 2002, we launched enhanced services for Travelers Cheque customers, including passport and credit replacement assistance.  New and Enhanced Prepaid Products Growing Retail Financial Services  19 AXP