Dallas Stock Index Rises 21.3% in Second Quarter 1999; CIBC Oppenheimer Dallas 25 Index Compares Area Stock Performance to S&P 500.

DALLAS--(BUSINESS WIRE)--July 1, 1999--

A stock index that tracks 25 leading Dallas-Fort Worth area companies rose 21.3% in the second quarter of 1999, leading the S&P 500, which rose 6.7% during the same period.

The CIBC Oppenheimer Dallas 25 Index was developed by the Dallas office of CIBC Oppenheimer. The index tracks 25 of the largest publicly held companies in the Dallas-Fort Worth area, and compares their performance with the S&P 500, which tracks 500 large U.S. firms.

"The Dallas 25 gives us a glimpse of how the area's leading companies performed for their investors, compared with large companies around the country," said Brian D. Sayers, branch manager of CIBC Oppenheimer's Dallas office. "These companies play a large role in the Metroplex economy, and their performance is one key measure of the region's economic health."

The region's strongest performers in the quarter included Tandy Corporation, which advanced 53.2% during the period, and Sabre Group Holdings, which gained 51.5%. CellStar Corporation(1)(2)(3) posted the biggest loss, declining by 24.1%, followed by Associates First Capital Corporation, which fell 1.9%.

The Dallas 25 is an equal-dollar-weighted index, representing the market value of equal investments in each of the 25 companies. The base value of the index was set at 100 as of December 31, 1998. The index closed at 127.65 at the end of the trading day on June 30, 1999.

For the year, the Dallas 25 was up 27.7%, compared with the S&P 500, which advanced by 11.7%.

The Dallas 25 includes 25 leading Dallas-based publicly traded corporations. Companies and their performance during the period are listed below:

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                                         3/31/99     6/30/99
Ticker                              Common Stock Common Stock Percent
Symbol            Company                  Price    Price     Change
AMR  AMR Corporation                      58.563   68.250   +16.5%
AFS  Associates First Capital Corporation 45.000   44.125    -1.9%
BLC  A.H. Belo Corporation                18.250   19.688    +7.9%
EAT  Brinker International, Inc.          25.938   27.500    +6.0%
CLST CellStar Corporation (1)(2)(3)       10.375    7.875   -24.1%
CTX  Centex Corporation                   33.375   37.563   +12.5%
CMC  Commercial Metals Company            20.000   28.500   +42.5%
CMPC CompuCon Systems, Inc.                2.938    4.125   +40.4%
CPU  CompUSA Inc.                          7.000    7.438    +6.3%
EDS  Electronic Data Systems Corporation  48.688   56.625   +16.3%
XON  Exxon Corporation                    70.563   77.125    +9.3%
FLS  Flowserve Corporation                15.563   18.938   +21.7%
HAL  Halliburton Company                  38.500   45.250   +17.5%
KMB  Kimberly-Clark Corporation           47.938   57.000   +18.9%
MIKE Michaels Stores Inc.                 24.688   30.625   +24.1%
ORX  Oryx Energy Company                   1.859    1.906    +2.5%
JCP  J.C. Penney Company, Inc.            40.500   48.563   +19.9%
TSG  Sabre Group Holdings                 45.375   68.750   +51.5%
SLCM Southland Corporation                 2.031    2.219    +9.2%
LUV  Southwest Airlines Co.               30.250   31.125    +2.9%
SZA  Suiza Foods Corporation              33.688   41.875   +24.3%
TAN  Tandy Corporation                    31.906   48.875   +53.2%
TXN  Texas Instruments Incorporated       99.250  144.000   +45.1%
UPR  Union Pacific Corporation            11.875   16.313   +37.4%
ZLC  Zale Corporation                     34.188   40.000   +17.0%

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CIBC Oppenheimer is the U.S. Private Client Division of CIBC World Markets Corp., a subsidiary of the Canadian Imperial Bank of Commerce, one of North America's top-10 banks with $182 billion in assets.

CIBC Oppenheimer offers a range of investment strategies particularly suited to the sophisticated, high net worth individual. In addition, the firm has professionals who offer their support in providing corporate executive services, retirement services, financial planning, corporate cash management, mutual fund consulting and insurance-related products. CIBC Oppenheimer has 16 branch offices in the United States.

CIBC Oppenheimer is on the Web at www.cibcoppenheimer.com. For more information, call Brian Sayers at [phone].

The S&P 500 is a capitalization-weighted, unmanaged index of 500 widely held common stocks that is calculated on a total return basis with dividends reinvested. Index returns do not reflect the impact of transaction or management and other fees that would be incurred if actual investments had been made. Past performance does not guarantee future results.

(1) CIBC Oppenheimer, or one of its affiliated companies, makes a market in the securities of this company.

(2) This company has a convertible included in the CIBC Oppenheimer convertible universe.

(3) The CIBC Oppenheimer analyst(s) who covers this company also has a position in its securities.