BP Amoco Corporation Announces Three Winners of $750,000 Leader Awards.

Business Editors

CHICAGO--(BUSINESS WIRE)--Aug. 14, 2000

ACCION Chicago, Fund For Redevelopment and

Revitalization, & Women's Business Development Center Will Each

Receive $250,000 to Boost Community-Based Programs

The Global Social Investment Unit of BP Amoco today announced three non-profit Chicago organizations -- ACCION Chicago, Fund For Redevelopment and Revitalization, and Women's Business Development Center - are winners of its 2000 Leader Awards totaling $750,000. Each organization will receive $250,000 for demonstrating excellence in sustaining human progress through job creation and retention, leadership, and innovation. The Awards will be presented on Friday, September 15, 2000, during the BP Amoco Corporation Leader Awards Luncheon at the Fairmont Hotel from 11:30 a.m. - 1:30 p.m.

"BP Amoco is committed to helping build and support self-reliant communities. The three winners have proven, through the success of their programs, that they share the same vision as BP Amoco and we are very proud to honor their efforts by offering financial support," said Paula A. Banks, Vice President of the Global Social Investment Business Unit of BP Amoco Corporation. "ACCION Chicago, Fund For Redevelopment and Revitalization, and Women's Business Development Center not only pinpoint areas of improvement, but also provide the necessary tools to move forward in the name of human progress and community development."

Boasting 2.5 million in loans to minority and women's business enterprises, Accion Chicago greatly impacts the sustainability of small businesses in Chicago. Since it was founded in 1994, Accion Chicago has offered not only hope, but economic and self-reliant success to Hispanic and African-American communities.

Created in 1992, the Fund for Redevelopment and Revitalization's mission is to help transform Woodlawn, Kenwood and Oakland on the south side of the city into stable mixed income communities. The Fund is designed to help community residents have greater access to job opportunities in their communities through the development of residential and commercial projects. In the next year, the Fund will develop plans for 63rd Street, an area sorely in need of economic development, hire residents in the area to work on housing and other commercial structures, and provide technical assistance to small construction companies on the south side.

The Women's Business Development Center (WBDC) celebrated its 15th anniversary in 1999. It has assisted more than 30,000 women in the greater Chicago area, has helped establish 14 other women's business assistance centers across the nation, and is a recognized leader in the development of programs and policies affecting women's economic development and women's business ownership.

The three winning organizations were selected by a discreet blue ribbon panel of judges and will be given cash awards to expand their already successful programs. All three organizations will participate in the BP Amoco Fellows program to enhance internal capacities of non-profit organizations through professional development and leadership.

BP Amoco is a force for good and a global leader in setting new standards of corporate social performance. Its Global Social Investment Business Unit goes beyond traditional philanthropic approaches by enabling communities where it operates to create better lives for themselves through the building of community-based wealth, the creation of jobs, resources invested and its products and services. BP Amoco delivers energy daily to 10 million customers worldwide. The Global Social Investment Unit of BP Amoco invests in community and educational organizations in more than 30 countries.

For more information, please contact Robin Beaman, Beaman Inc., at 312.751.9689.