The Advisory Board Company Schedules Third Quarter Investor Conference Call For February 7, 2006

WASHINGTON, Jan. 24 /PRNewswire-FirstCall/ -- The Advisory Board Company announced today that it will hold an investor conference call, hosted by Frank J. Williams, Chairman and Chief Executive Officer, and David L. Felsenthal, Chief Financial Officer, to discuss the Company’s financial results for the quarter ended December 31, 2005. The call will be held on Tuesday, February 7, 2006, at 6:00 p.m. Eastern Standard Time (EST). The Company plans to release its third quarter financial results after the market closes on Tuesday, February 7, 2006.

The ABCO investor conference call will be available via live web cast on the Company’s web site at http://www.advisoryboardcompany.com in the section entitled “Investor Information,” found under the tab “About Us.” To participate by telephone, the dial-in number is 800-901-5218 and the access code is 74224088. Call participants 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., Tuesday, February 7, 2006 until 8:00 p.m. Tuesday, February 14, 2006.

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 more than 2,500 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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