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Conoco Added to S&P 500 Index.


NEW YORK--(BUSINESS WIRE)--July 12, 1999--

Standard & Poor's will replace Battle Mountain Gold (BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health)
BMG Be My Girl
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BMG Bertelsmann Music Group
BMG Be My Guest
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) in the S&P 500 with Conoco Inc. (COC See chip on chip. .B) after the close of trading Friday, August 6, 1999. S&P 500 component Dupont (DD) is splitting off the remaining 70% of Conoco it owns in a tender offer which expires on that date. Battle Mountain Gold is being removed for lack of representation.

Conoco is an integrated energy company. The company, headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation).
Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the
 will be added to the S&P 500 Oil (Domestic Integrated) industry group.

Following is a summary of the announced changes:
                    S&P 500 INDEX -- August 6, 1999

           COMPANY           ECONOMIC SECTOR    INDUSTRY GROUP

ADDED    Conoco Inc (B)        Energy          Oil(Domestic Integrated)

DROPPED  Battle Mountain Gold  Basic Materials Gold & Precious Metals
                                                Mining


Standard & Poor's, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global Index, which includes the S&P Euro and Euro Plus for Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. , the S&P/TSE 60 for Canada, the S&P 500 for the U.S. and new components under construction for Japan, Asia/Pacific, U.K. and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
 Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap. Over $700 billion is indexed to S&P indices.

Founded in 1888, The McGraw-Hill Companies is a leading information services See Information Systems.  provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,000 people located in more than 400 offices in 30 countries. Sales in 1998 were $3.7 billion. Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 12, 1999
Words:325
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