The Advisory Board Company Schedules First Quarter Investor Conference Call For July 26, 2004

WASHINGTON, July 15 /PRNewswire-FirstCall/ -- The Advisory Board Company announced today that it will hold an investor conference call, hosted by Frank J. Williams, chief executive officer, and David L. Felsenthal, chief financial officer, to discuss its financial results for the quarter ended June 30, 2004. The call will be held on Monday, July 26, 2004, at 6:00 p.m. Eastern Daylight Time (EDT). The Company plans to release its first quarter financial results after the market closes on Monday, July 26, 2004.

The ABCO investor conference call will be available via live web cast on ABCO’s web site at http://www.advisoryboardcompany.com/ in the section entitled “Other Information”, found under the tab “About Us.” To participate by telephone, the dial-in number is 800-599-9829 and the access code is 36816103. Investors are advised to dial-in at least five minutes prior to the call to register. The web cast will be archived for seven days: from 8:00 p.m. Monday, July 26, until 8:00 p.m. Monday, August 2, 2004.

About The Advisory Board Company

The Advisory Board Company provides best practices research and analysis to the health care industry, focusing on business strategy, operations and general management issues. The Company provides best practices and research through discrete annual programs to a membership of over 2,300 hospitals, health systems, pharmaceutical and biotech companies, health care insurers, and medical device companies in the United States. Each program typically charges a fixed annual fee and provides members with best practices, research reports, executive education and other supporting research services.

The Advisory Board Company

CONTACT: David L. Felsenthal, Chief Financial Officer of The AdvisoryBoard Company, +1-202-266-5600, or jacobsg@advisory.com

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