Exhibit 99.1

DeVry Inc. Announces Management Realignment


   OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--Nov. 12, 2004--DeVry Inc.
(NYSE:DV), an international higher-education company, today announced
a realignment of management responsibilities that will more clearly
focus the operating responsibilities of senior management. The changes
include the creation of a chief compliance officer position, to be
filled by Sharon Thomas Parrott, formerly vice president of external
relations and regulatory assurance.
   In this role, Thomas Parrott will report directly to chief
executive officer, Ronald Taylor. Thomas Parrott and her staff will
independently and objectively review and evaluate compliance issues
and concerns within the company. She will also ensure compliance with
the rules and regulations of governmental agencies, that company
policies and procedures are being followed, and that behavior in the
organization meets the company's Code of Business Conduct.
   All marketing planning and outreach functions, including public
relations and alumni relations, will be centralized under Paul Eppen,
DeVry's chief marketing officer.
   Timothy Ricordati, Ed.D., has been reassigned from his position as
vice president of enrollment management to the newly created position
of vice president of student services and retention, with
responsibilities that will include ensuring that DeVry is providing
the best possible learning environment for students. John Skubiak,
president of DeVry University, will serve as interim manager of
student recruitment, pending results of the search currently underway.
   "Maintaining the best management team in the industry is a top
priority for DeVry," said Ronald Taylor, chief executive officer of
DeVry Inc. "Our management structure is evolving to ensure that there
are clear lines of communications and accountability, with both the
leadership strength as well as the functional alignment we need to
achieve our long-term goals."
   In another unrelated move, DeVry's chief information officer,
Bruno LaCaria, has announced his retirement after six years of service
to the company effective November 30, 2004. James Ritchey, founder of
Delta Initiative, a business and technology consulting firm, will
serve as interim chief information officer while a search is conducted
for a permanent CIO. Ritchey is currently serving as an independent
consultant for DeVry and has successfully led several key projects for
the company during the past year.
   DeVry Inc. (NYSE:DV) is the holding company for DeVry University,
Ross University and Becker Professional Review. DeVry University,
which includes Keller Graduate School of Management, offers associate,
bachelor's and master's degree programs in technology, business and
management. Ross University, through its schools of Medicine and
Veterinary Medicine, offers both doctor of medicine and doctor of
veterinary medicine degrees. Becker Professional Review, which
includes Stalla CFA Review, provides preparatory coursework for the
certified public accountant, certified management accountant and
chartered financial analyst exams. DeVry Inc. is based in Oakbrook
Terrace, Ill. For more information about the company, visit
http://www.devry.com.

   Certain information contained in this release may constitute
forward-looking statements pursuant to the safe harbor provision of
the Private Securities Litigation Reform Act of 1995. Such statements
may involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. Potential risks
and uncertainties include, but are not limited to, market conditions,
dependence on student financial aid, state and provincial approval and
licensing requirements, and the other factors detailed in the
company's Securities and Exchange Commission filings, including those
discussed under the heading "Risk Factors" in the Company's
Registration Statement on Form S-3 (No. 333-22457) filed with the SEC.

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    CONTACT: DeVry Inc.
             Joan Bates, (Investor Relations), 630-574-1949
             Jonelle Niffenegger, (Media Relations), 630-706-3212