Press Release Details

KANSAS CITY, Mo., Jan 3, 2002 /PRNewswire via COMTEX/ -- H&R Block Inc. (NYSE: HRB) will host its annual Investment Community Conference Tuesday, Jan. 8, 2002, from 8:30 a.m. to 4:30 p.m. (EST). The conference will feature presentations by Mark A. Ernst, president and chief executive officer, and other members of the senior management team, who will discuss H&R Block's business strategy and performance, including:

-- A comprehensive look at H&R Block's growth strategy; -- The company's progress in capitalizing on the strength of the H&R Block brand and the offering of additional services to clients;

-- An overview of marketing plans and outlook for the upcoming tax-filing season;

-- A detailed discussion of the strategies for RSM McGladrey, the company's business services segment;

-- An in-depth review of the Option One mortgage business; and

-- Short and long term financial targets for the company.

A special listen-only audio webcast of the conference will be available on www.hrblock.com . To participate, click on the "H&R Block Investment Community Meeting Webcast" icon and follow the instructions. Presentation materials will be available for viewing. Webcast participants are encouraged to log on 15 to 20 minutes in advance to ensure a good connection and software compatibility. Appropriate software will be available for download if needed.

Replays of the audio webcast, including presentations, will be available until January 31, 2002 on the company's Web site at www.hrblock.com .

About H&R Block:

H&R Block Inc. is a diversified company with subsidiaries providing a wide range of financial products and services. In 2001, H&R Block served 19.2 million taxpayers -- more than any tax or accounting firm -- through its more than 10,400 offices located in the United States, Canada, Australia and the United Kingdom. H&R Block served another 2.3 million tax clients through its award-winning TaxCut(R) software program and through its online tax preparation services. Investment services and securities products are offered through H&R Block Financial Advisors Inc., member NYSE, SIPC. H&R Block, Inc. is not a registered broker-dealer. H&R Block Mortgage Corporation and Option One Mortgage Corporation offer a wide range of home mortgage products. RSM McGladrey Inc. is a national accounting, tax and consulting firm with 100 offices nationwide, as well as an affiliation with 550 offices in 75 countries as the U.S. member of RSM International. Additional information is available on the company's Web site at www.hrblock.com .

SOURCE H&R Block Inc.

CONTACT:

Linda McDougall, Media Relations, +1-816-932-7542, or Mark Barnett, Investor Relations, +1-816-701-4443, both of H&R Block Inc. URL: http://www.hrblock.com

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