2002 Target Term Trust Inc. -- Portfolio Statistics.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 10, 2001

2002 Target Term Trust Inc. (NYSE: TTR), a closed-end management investment company investing in high quality fixed-income and adjustable-rate securities.

Portfolio Statistics (% of total portfolio assets) as of September 30, 2001:

Portfolio Composition                  Characteristics

Collateralized Mortgage
Obligations                     32.9%  Net Leverage           1.0%
 Agency CMOs             10.1%         Average Credit Quality AAA
 Non-Agency CMOs         22.8%         Convexity              -1.00
Adjustable Rate Mortgages        6.3%  Weighted Avg Maturity  3.93 yrs
 Agency ARMs              5.5%         Weighted Avg Duration  0.90 yrs
 Non-Agency ARMs          0.8%         Weighted Avg Coupon    7.00%
Collateral                      64.8%  Net Asset Value        $14.65
Mortgage-Backed Derivatives      1.1%  Market Price           $14.40

 Agency MBD               0.8%
 Non-Agency MBD           0.3%
Asset-Backed Securities          2.9%
Cash & Cash Equivalents         -8.0%

Total                            100.00%

Yields(a)

Market Yield              4.58%
NAV Yield                 4.51%
IPO Yield                 4.40%

(a) Market yield is calculated by multiplying the current month's distribution (excluding the special dividend) by 12 and dividing by the month-end market price. NAV yield is calculated by multiplying the current month's distribution (excluding the special dividend) by 12 and dividing by the month-end net asset value. IPO yield is calculated by multiplying the current month's distribution (excluding the special dividend) by 12 and dividing by the initial public offering price. Prices and yields will vary. The Fund is actively managed and its portfolio composition will vary over time.