Dain Rauscher Wessels Report Says Speed, Simplicity are 
Drivers for Broadband Wireless' Future Growth

    MINNEAPOLIS, May 30, 2001 - The use of wireless technology for broadband delivery means absolutely nothing to most customers. Customers care about services that are reliable and affordable, and that offer excellent value. "In a nutshell, customers want excellent service and no surprises," said Michael Helgeson, equity analyst at Dain Rauscher Wessels. "Wireless has always been an alternative for high-speed connections, but never has the range of choices been as great or the rate of innovation as rapid."

    At the end of the day, according to Helgeson, the ultimate driver for broadband wireless will be the speed and simplicity it provides to connect the world's insatiable appetite for bandwidth to an efficient fiber-optic network backbone. This applies to next-generation mobile systems as well as fixed network access for businesses and homes worldwide.

    Helgeson recently issued a report, "Broadband Wireless: The Worldwide Assessment," which delves into the world of broadband wireless and other fixed-wireless connections.

    Institutional investors interested in receiving the 118-page report should contact their Dain Rauscher Wessels salesperson. Media interested in receiving the report should call (612) 371-2239.

    Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, includes equity research, equity trading, institutional equity sales and corporate finance. The division's 40 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow nearly 500 companies. The division, which employs 450 people, has offices in Atlanta; Austin, Texas; Boston; Chicago; Dallas; Houston; Memphis, Tenn.; Menlo Park, Calif.; Minneapolis; New York City; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a).

    Dain Rauscher Corporation, a wholly owned subsidiary of Royal Bank of Canada (NYSE:RY), is one of the nation's largest full-service securities firms with 1,140 investment executives and 4,050 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis.

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             CONTACT: 
             Dain Rauscher Corporation, Minneapolis
             Media Contact:  
             Branden Happel, corporate communications, 612/371-2239
             bhappel@dainrauscher.com