Chrysler - Daimler-Benz Merger Triggers Changes In Two S&P Indexes.

NEW YORK--(BUSINESS WIRE)--Nov. 5, 1998--Standard & Poor's Financial Information Services will replace Chrysler Corporation (C) in the S&P 500 Index with Safeway Inc. (SWY) after the close of trading on Thursday, November 12, 1998. Daimler-Benz, a German corporation, is acquiring Chrysler in a transaction anticipated to close as early as that date. The merged company will not be added to the S&P 500. In addition, CBS Corp. (CBS) will replace Chrysler in the S&P 100 Index. All companies in the S&P 100 are also in the S&P 500.

Safeway is a food and drug retailer which operates 1,368 stores in the United States and Canada. The company, headquartered in Pleasanton, California, will be added to the S&P 500 Retail (Foods) industry group.

CBS Corporation is a radio, television and cable broadcasting company. The company will be added to the S&P 100 Broadcasting (Television, Radio & Cable) industry group. Following is a summary of the announced changes: -0-

                   S&P 500 INDEX --November 12, 1998

            COMPANY            ECONOMIC SECTOR      INDUSTRY GROUP
ADDED       Safeway Inc.       Consumer Staples     Retail (Foods)
DROPPED     Chrysler Corp.     Consumer Cyclicals   Automobiles


                   S&P 100 INDEX --November 12, 1998

            COMPANY            ECONOMIC SECTOR      INDUSTRY GROUP
                                                    Broadcasting
ADDED       CBS Corporation    Consumer Staples     (Television, Radio
DROPPED     Chrysler Corp.     Consumer Cyclicals   & Cable)
                                                    Automobiles

Standard & Poor's Financial Information Services, a division of The McGraw-Hill Companies, provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets.

Standard & Poor's calculates and maintains the S&P 500, S&P MidCap 400, S&P SmallCap 600, S&P Super Composite 1500 and S&P REIT Composite Stock Price Indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $653 billion is currently indexed to the S&P Equity Indexes, including $626 billion indexed to the S&P 500, $20 billion indexed to the S&P MidCap 400, and $7 billion linked to the S&P SmallCap 600. Company additions to and deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company.