FIRST AMERICAN TITLE INSURANCE COMPANY NAMES K. GENE AALSETH DIRECTOR OF EXCHANGE COMPANY OPERATIONS


August 25, 2000, SANTA ANA, Calif.

First American Title Insurance Company, one of the nation's largest title insurers, today announced that K. Gene Aalseth has been named vice president and director of exchange company operations for First American Title Insurance Company and president of its wholly owned subsidiary, First American Exchange Corporation, a qualified intermediary for 1031 tax-deferred exchanges of like-kind investment property. In his new role, Aalseth will coordinate the activities of First American's exchange companies on a nationwide basis from the corporate headquarters in Santa Ana, Calif.

A veteran of the industry, Aalseth has over 20 years of title experience. In 1983, he joined the San Jose, Calif. office of First American's subsidiary, First American Title Guaranty Company, as chief title officer, then later served as title counsel. While there, he was instrumental in setting up the exchange company operations. Aalseth moved to First American Title Insurance Company's corporate headquarters in 1994 to become associate senior underwriter. In 1998, he was named project director for First American's Year 2000 compliance program and was charged with ensuring that all computer systems and date-sensitive facilities would not be impacted by the changing century. An active member of the California Land Title Association, Aalseth has served on the Forms and Practices and Legislative committees.

After receiving a bachelor's degree in sociology from the University of California at Santa Barbara, Aalseth went on to earn a juris doctor from the University of Santa Clara. In 1979, he was admitted to the practice of law in California. He and his wife, Teri, live in Lake Forest, Calif. with their two sons.

First American Title Insurance Company, the largest subsidiary of The First American Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through more than 800 offices and an extensive network of agents throughout the United States and abroad. The company has its headquarters in Santa Ana, Calif. Information about The First American Corporation's subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com.

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