Mitsubishi Trust and Banking Corporation was established in 1927, and is the largest of Japan's trust banks in terms of total funds, which amounted to YEN33.0 trillion ($US249.9 billion) as of March 31, 1998. As one of Japan's most prominent institutional investors, Mitsubishi Trust has a total securities portfolio worth YEN19.8 trillion ($US150.1 billion). Outside of Japan, the Bank provides a full spectrum of services for borrowers and investors through its network of eight branches, four representative offices and 11 subsidiaries. Mitsubishi Trust growth to date reflects its untiring commitment to strength, integrity, service and social responsibility. The Bank is confident that these priorities will enable it to capitalize on the profound changes taking place in Japan's financial sector and prosper in the years ahead.