Dow Jones Transportation, Utility, Composite Market Averages To Underlie Futures Contracts; More Than 250 Dow Jones Index-Based Products Now Available to Investors.

Business Editors

NEW YORK & PRINCETON, N.J.--(BUSINESS WIRE)--July 19, 2000

The nation's oldest stock market average and one of the best-performing stock market averages so far this year will start trading as futures contracts this week.

On Thursday, July 20, 2000, futures contracts based on the Dow Jones Transportation Average, the Dow Jones Utility Average and the Dow Jones Composite Average will begin trading at the Chicago Board of Trade. These three new futures will join the Dow Jones Industrial Average futures at the CBOT to form a useful and efficient investment and risk management platform.

"With these new CBOT futures joining hundreds of other licensed Dow Jones index products, we are reaching millions of investors globally with useful and innovative investment tools," said Michael A. Petronella, Managing Director of Dow Jones Indexes, the market index development and licensing arm of Dow Jones & Company (NYSE:DJ). "We began our index licensing program with the CBOT, and today we are delighted to be expanding that relationship with the members and customers of one of the world's largest futures exchanges."

Futures contracts based on the Dow Jones Industrial Average began trading at the CBOT on October 6, 1997.

The Dow Jones Transportation, Utility and Composite averages are the latest in a list of more than 250 licensed investment products based on Dow Jones market measures. Dow Jones Indexes began licensing investment products in 1997. Today, total assets based on these indexes, including the Dow Jones STOXX Pan-European indexes, total an estimated $240 billion.

Background on the three new Dow Jones Indexes futures contracts:

- The Dow Jones Transportation Average traces its ancestry back to 1884, making
it the oldest market index in the U.S. (The Industrial Average was created in
1896.) Today, among its 20 stocks are: Airborne Freight Corp. (ABF), Burlington
Northern Santa Fe Corp. (BNI), and UAL Corp. (UAL).

- The Dow Jones Utility Average, which made its debut in 1929, has attracted
tremendous interest recently because of the strength of the utility sector. The
15-stock index has gained 14.9% through July 14 (year to date), one of the
largest gains among major market indexes. Component company stocks include
American Electric Power Co. (AEP), Enron Corp. (ENE), and Williams Cos. (WMB).

- The Dow Jones Composite Average first appeared in 1934 and

includes all 65 stocks in the Dow Jones Industrial, Transportation

and Utility averages.

Complete information on all component stocks and other aspects of the Dow Jones Averages as well as the Dow Jones Total Market Index family can be found at http://indexes.dowjones.com.

Futures on CBOT Dow Jones Transportation, Utility and Composite averages will commence trading at 9:00 a.m. on July 20, 2000. Thereafter, these new contracts and the Dow Jones Industrial Average futures will be offered for trading daily from 7:20 a.m. to 3:15 p.m. (Central Time).

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Global Titans Index, the Dow Jones Global Indexes, the Pan-European Dow Jones STOXX Indexes, the Dow Jones REIT Indexes, the Dow Jones-AIG Commodity Index, the Dow Jones Islamic Market Indexes, the Dow Jones Internet Indexes, the Dow Jones Extra Liquid Series and the Dow Jones Sustainability Group Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; www.dj.com) publishes The Wall Street Journal and its international and online editions, Barron's and SmartMoney magazines and other periodicals, the Dow Jones Newswires, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Excite@Home of Work.com and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.