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LRN announces ethics and compliance initiative with ConocoPhillips

LOS ANGELES, CA, October 1, 2003 -- LRN®, a provider of legal, compliance and ethics education services to Fortune 500 corporations, today announced that it has signed a four-year contract to provide Web-based training to ConocoPhillips (NYSE: COP) employees on issues relating to ethics and legal compliance. Training will be provided via the LRN Legal Compliance and Ethics Center® (LCEC), an online education solution providing a wide variety of courses on legal, ethics and compliance principles and disciplines.

In addition to its LCEC program, LRN will create a customized Web-based course for ConocoPhillips based on the company's existing Code of Conduct to reinforce a single standard of corporate ethics and compliance following the 2002 merger of Conoco Inc. and Phillips Petroleum Company.

"At ConocoPhillips, we are committed to setting the highest standards of excellence throughout our organization," said Stephen F. Gates, Senior Vice President and General Counsel of ConocoPhillips. "Our core values emphasize safety, people, integrity, responsibility, innovation, and teamwork. It is our aim to educate and prepare our employees for success at every level, and we are dedicated to ensuring that ConocoPhillips operates according to our ethical and compliance principles."

"We enjoyed great success with our relationship with Conoco and believe that we can make an even more substantial impact for ConocoPhillips," said Dov Seidman, CEO of LRN. "In the post-merger environment, it is paramount to the success of this great company that its workplace culture, as well as its ethics and legal compliance platform, be completely integrated.," added Seidman.

The LRN Legal Compliance and Ethics Center (LCEC) is the world's leading Web-based education solution providing a wide variety of courses on legal, ethics and compliance issues. Through an interactive and entertaining tutorial, online handbook and other educational tools, LCEC helps employees learn how to identify and avoid ethical and legal risks. The courses are delivered through a Web-based platform. No additional software needs to be installed on customers' computers, which greatly reduces implementation time, maintenance costs and technology barriers. Additionally, updates and changes to the courses can be rolled out immediately to every user. LCEC also contains a disconnected learning feature, which allows employees in remote areas or those with less reliable access to the Internet to download the courses, complete them offline, and then upload them to the company.

 
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Encouraging professional business ethics starts at the top with an organization's code of conduct, a set of guidelines that describe the proper practices for an organization. In most cases, an organization's code of conduct states principles that govern the organization's interactions with employees, customers, business partners, government, and outlines global business ethics.

LRN helps organizations build their code of ethics and to infuse it at every level of the company through diversity education, ethics courses and sexual harassment training. LRN's ethics and compliance training programs promote a principled working environment that increases productivity company-wide. Additionally, our ethics training solutions reduce your compliance risk through the power of education and communication.

LRN has inspired ethical leadership in business since 1993. Our expertise in the areas of corporate ethics training, workplace diversity training, and harassment training have helped companies worldwide create a respectful corporate culture.